Item 8.01 Other Events.

On June 9, 2009, U.S. Bancorp announced that it has received approval from the U.S. Department of the Treasury to redeem the $6.6 billion of senior preferred stock issued under the Capital Purchase Program of the Emergency Economic Stabilization Act of 2008. Additionally, U.S. Bancorp announced that the accounting impact of the redemption of the preferred stock, together with a recently announced Federal Deposit Insurance Corporation special assessment on insured depository institutions, will reduce U.S. Bancorp second quarter earnings per diluted common share by approximately 15 cents.

A press release further discussing these matters is attached to this report as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

Exhibit 99.1 Press release dated June 9, 2009.

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