UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.     )
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U.S. Bancorp
(Name of Registrant as Specified In Its Charter)
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*** Exercise Your Right to Vote *** Important Notice Regarding the Availability of Proxy Materials for the Shareholder Meeting to Be Held on April 21, 2015. Meeting Information U.S. BANCORP Meeting Type: Annual Meeting For holders as of: February 24, 2015 Date: April 21, 2015 Time: 11:00 AM Location: For information on how to obtain directions to be able to attend the annual meeting and vote in person, please call Investor Relations at (866) 775-9668. The Seelbach Hilton Hotel 500 Fourth Street Louisville, Kentucky 40202 You are receiving this communication because you hold shares in the company named above. This is not a ballot. You cannot use this notice to vote these shares. This communication presents only an overview of the more complete proxy materials that are available to you on the Internet. You may view the proxy materials online at www.proxyvote.com or easily request a paper copy (see reverse side). We encourage you to access and review all of the important information contained in the proxy materials before voting. U.S. BANCORP INVESTOR RELATIONS 800 NICOLLET MALL BC-MN-H23K MINNEAPOLIS, MN 55402-4302 M81201-P59558-Z64767 See the reverse side of this notice to obtain proxy materials and voting instructions.

Before You Vote How to Access the Proxy Materials Proxy Materials Available to VIEW or RECEIVE: Proxy Materials Available to VIEW or RECEIVE: NOTICE AND PROXY STATEMENT ANNUAL REPORT How to View Online: Have the information that is printed in the box marked by the arrow (located on the following page) and visit: www.proxyvote.com. How to Request and Receive a PAPER or E-MAIL Copy: If you want to receive a paper or e-mail copy of these documents, you must request one. There is NO charge for requesting a copy. Please choose one of the following methods to make your request: 1) BY INTERNET: www.proxyvote.com 2) BY TELEPHONE: 1-800-579-1639 3) BY E-MAIL*: sendmaterial@proxyvote.com * If requesting materials by e-mail, please send a blank e-mail with the information that is printed in the box marked by the arrow (located on the following page) in the subject line. . XXXX XXXX XXXX XXXX . XXXX XXXX XXXX XXXX Requests, instructions and other inquiries sent to this e-mail address will NOT be forwarded to your investment advisor. Please make the request as instructed above on or before April 7, 2015 to facilitate timely delivery. How To Vote M81202-P59558-Z64767 Please Choose One of the Following Voting Methods Vote In Person: Many shareholder meetings have attendance requirements including, but not limited to, the possession of an attendance ticket issued by the entity holding the meeting. Please check the meeting materials for any special requirements for meeting attendance. At the meeting, you will need to request a ballot to vote these shares. Vote By Internet: To vote now by Internet, go to www.proxyvote.com. Have the information that is printed in the box marked by the arrow (located on the following page) available and follow the instructions. Vote By Mail: You can vote by mail by requesting a paper copy of the materials, which will include a proxy card. . XXXX XXXX XXXX XXXX

Voting Items The Board of Directors recommends a vote "FOR" each of the following nominees: 1 - Election of Directors: 1a. Douglas M. Baker, Jr. The Board of Directors recommends a vote "FOR" the following proposals: 1b. Arthur D. Collins, Jr. 2 - Approval of the U.S. Bancorp 2015 Stock Incentive Plan. 1c. Richard K. Davis 3 - Ratification of selection of Ernst & Young LLP as our independent auditor for the 2015 fiscal year. 1d. Kimberly J. Harris 4 - Advisory vote to approve the compensation of our executives disclosed in the proxy statement. 1e. Roland A. Hernandez 1f. Doreen Woo Ho The Board of Directors recommends a vote "AGAINST" the following proposal: 1g. Joel W. Johnson 5 - SHAREHOLDER PROPOSAL: Adoption of a policy requiring that the Chairman of the Board be an independent director. 1h. Olivia F. Kirtley 1i. Jerry W. Levin 1j. David B. O'Maley M81203-P59558-Z64767 1k. O'dell M. Owens, M.D., M.P.H. 1l. Craig D. Schnuck 1m. Patrick T. Stokes 1n. Scott W. Wine

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