Exhibit 23.2

[EY Letterhead]

Consent of Independent Registered Public Accounting Firm

We consent to the incorporation by reference in the Registration Statement (Form S-8) pertaining to the U.S. Bank Executive Employees Deferred Compensation Plan (2005 Statement), as amended and the U.S. Bank Outside Directors Deferred Compensation Plan (2005 Statement), as amended of our report dated February 22, 2018, with respect to the consolidated financial statements of U.S. Bancorp and the effectiveness of internal control over financial reporting of U.S. Bancorp, included in its Annual Report (Form 10-K) for the year ended December 31, 2017, filed with the Securities and Exchange Commission.

	/s/ Ernst & Young LLP
Minneapolis, Minnesota
October 25, 2018