<ARTICLE> 9

<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FIRST
BANK SYSTEM, INC. JUNE 30, 1995, 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>

<MULTIPLIER> 1,000

       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               JUN-30-1995
<CASH>                                       1,772,000
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                               427,000
<TRADING-ASSETS>                               202,000
<INVESTMENTS-HELD-FOR-SALE>                  3,426,000
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                     25,699,000
<ALLOWANCE>                                    467,500
<TOTAL-ASSETS>                              33,456,000
<DEPOSITS>                                  22,849,000
<SHORT-TERM>                                 4,225,000
<LIABILITIES-OTHER>                            828,000
<LONG-TERM>                                  2,572,000
<COMMON>                                       169,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    106,000
<OTHER-SE>                                   2,542,000
<TOTAL-LIABILITIES-AND-EQUITY>              33,456,000
<INTEREST-LOAN>                              1,119,200
<INTEREST-INVEST>                              128,200
<INTEREST-OTHER>                                18,100
<INTEREST-TOTAL>                             1,265,500
<INTEREST-DEPOSIT>                             365,200
<INTEREST-EXPENSE>                             542,700
<INTEREST-INCOME-NET>                          722,800
<LOAN-LOSSES>                                   53,000
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                607,500
<INCOME-PRETAX>                                431,600
<INCOME-PRE-EXTRAORDINARY>                     271,700
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   271,700
<EPS-PRIMARY>                                     1.97
<EPS-DILUTED>                                     1.95
<YIELD-ACTUAL>                                    4.99
<LOANS-NON>                                    120,400
<LOANS-PAST>                                    37,200
<LOANS-TROUBLED>                                   100
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                               474,700
<CHARGE-OFFS>                                  105,500
<RECOVERIES>                                    43,500
<ALLOWANCE-CLOSE>                              467,500
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0