8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report: October 10, 2014

(Date of earliest event reported)

U.S. BANCORP

(Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction of incorporation)

1-6880	41-0255900
(Commission file number)	(IRS Employer Identification No.)

800 Nicollet Mall

Minneapolis, Minnesota 55402

(Address of principal executive offices, including zip code)

(651) 466-3000

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 10, 2014, the Board of Directors of U.S. Bancorp (the “Company”) elected Kimberly J. Harris as a director of the Company effective as of October 20, 2014. Ms. Harris will serve on the Community Reinvestment and Public Policy Committee and the Risk Management Committee. Ms. Harris will receive compensation in accordance with the Company’s standard compensation arrangements for non-employee directors, which are described under the heading “Director Compensation” in the Company’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on March 4, 2014. A copy of the press release issued by the Company on October 10, 2014, announcing the appointment to the Board of Directors is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

99.1 Press release dated October 10, 2014

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

U.S. BANCORP
By:	/s/ James L. Chosy
	James L. Chosy Executive Vice President, General Counsel and Corporate Secretary

Date: October 10, 2014

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EX-99.1

Exhibit 99.1

	News Release
Contact:	Sean O’Connor, Investor Relations (612) 303-0778 Dana Ripley, Corporate Communications (612) 303-3167

KIMBERLY J. HARRIS JOINS U.S. BANCORP BOARD OF DIRECTORS

MINNEAPOLIS (October 10, 2014) – U.S. Bancorp (NYSE: USB) announced today that its Board of Directors has elected Kimberly J. Harris as a director of the company effective as of October 20, 2014. Harris, 50, is the president and chief executive officer of Puget Energy, Inc., an energy services holding company, and its subsidiary Puget Sound Energy, Inc., a utility company providing electric and natural gas service based in Bellevue, Washington. She has served Puget Sound Energy in various capacities since 1999.

“Kimberly is a proven leader, and her experience running a prominent company that provides critical public infrastructure makes her an outstanding addition to our Board,” said Richard K. Davis, chairman, president and chief executive officer of U.S. Bancorp. “Her extensive risk management and compliance experience will also be a tremendous asset to us, and we welcome her to U.S. Bancorp.”

U.S. Bancorp (NYSE: USB), with $389 billion in assets as of June 30, 2014, is the parent company of U.S. Bank National Association, the 5th largest commercial bank in the United States. The Company operates 3,174 banking offices in 25 states and 5,005 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.

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