<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FIRST
BANK SYSTEM, INC. JUNE 30, 1996, 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-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<CASH>                                       2,066,000
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                               560,000
<TRADING-ASSETS>                               103,000
<INVESTMENTS-HELD-FOR-SALE>                  4,077,000
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                     27,029,000
<ALLOWANCE>                                    529,000
<TOTAL-ASSETS>                              36,184,000
<DEPOSITS>                                  24,589,000
<SHORT-TERM>                                 3,903,000
<LIABILITIES-OTHER>                            941,000
<LONG-TERM>                                  3,373,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                     89,000
<COMMON>                                       177,000
<OTHER-SE>                                   2,927,000
<TOTAL-LIABILITIES-AND-EQUITY>              36,184,000
<INTEREST-LOAN>                              1,156,700
<INTEREST-INVEST>                              139,700
<INTEREST-OTHER>                                22,900
<INTEREST-TOTAL>                             1,319,300
<INTEREST-DEPOSIT>                             337,900
<INTEREST-EXPENSE>                             558,400
<INTEREST-INCOME-NET>                          760,900
<LOAN-LOSSES>                                   66,000
<SECURITIES-GAINS>                              15,000
<EXPENSE-OTHER>                                730,600
<INCOME-PRETAX>                                707,700
<INCOME-PRE-EXTRAORDINARY>                     430,900
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   430,900
<EPS-PRIMARY>                                     3.09
<EPS-DILUTED>                                     3.04
<YIELD-ACTUAL>                                    4.91
<LOANS-NON>                                    126,600
<LOANS-PAST>                                    40,500
<LOANS-TROUBLED>                                   100
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                               473,500
<CHARGE-OFFS>                                  126,100
<RECOVERIES>                                    56,600
<ALLOWANCE-CLOSE>                              529,100
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0