Pricing Supplement Dated September 9, 1996                   Rule 424 (b)(2)
                                                             File No. 33-52157
(To Prospectus dated March 1, 1994 and                       CUSIP 66938H AA 8
Prospectus Supplement dated November 8, 1994)

NORWEST FINANCIAL, INC.
Senior 
Medium Term Notes, Series B
(U.S. $ Fixed Rate)



Trade Date: September 9, 1996            Original Issue Date:September 12, 1996
Principal Amount:  $12,500,000.00        Net Proceeds to Issuer:$12,456,250.00
Issue Price:  100%                     
Selling Agent's Commission or Discount: $43,750.00 
Interest Rate:  6.68%                  
Maturity Date:  September 15, 1999        



Form:
 X    Book Entry              Certificated



Redemption:
 X    The Notes cannot be redeemed prior to maturity
      The Notes may be redeemed prior to maturity

Initial Redemption Date:                  
Initial Redemption Price:                 %
Annual Redemption Price Reduction:        %



Repayment:
 X    The Notes cannot be repaid prior to maturity
      The Notes can be repaid prior to maturity at the option of the holder of 
      the Note

Repayment Date:                           
Repayment Price:                          %



Discount Note:
      Yes          X    No

Total Amount of OIL:                      
Yield to Maturity:                        
Initial Accrual Period:                   



Selling Agent or Dealer:  Donaldson, Lufkin & Jenrette Securities Corporation
     Donaldson, Lufkin & Jenrette Securities Corporation has purchased the
     Notes as principal in this transaction for resale to one or more investors
     at varying prices related to prevailing market conditions at the time or
     times of resale as determined by Donaldson, Lufkin & Jenrette Securities
     Corporation.