<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FIRST
BANK SYSTEM, INC. MARCH 31, 1997, 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               MAR-31-1997
<CASH>                                       2,483,000
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                               585,000
<TRADING-ASSETS>                               105,000
<INVESTMENTS-HELD-FOR-SALE>                  3,373,000
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                     27,173,000
<ALLOWANCE>                                    512,200
<TOTAL-ASSETS>                              36,000,000
<DEPOSITS>                                  23,423,000
<SHORT-TERM>                                 3,794,000
<LIABILITIES-OTHER>                          1,037,000
<LONG-TERM>                                  4,257,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       177,000
<OTHER-SE>                                   2,824,000
<TOTAL-LIABILITIES-AND-EQUITY>              36,000,000
<INTEREST-LOAN>                                586,200
<INTEREST-INVEST>                               57,400
<INTEREST-OTHER>                                12,600
<INTEREST-TOTAL>                               656,200
<INTEREST-DEPOSIT>                             158,600
<INTEREST-EXPENSE>                             276,200
<INTEREST-INCOME-NET>                          380,000
<LOAN-LOSSES>                                   37,000
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                296,000
<INCOME-PRETAX>                                272,800
<INCOME-PRE-EXTRAORDINARY>                     171,800
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   171,800
<EPS-PRIMARY>                                     1.27
<EPS-DILUTED>                                     1.27
<YIELD-ACTUAL>                                    4.98
<LOANS-NON>                                    114,800
<LOANS-PAST>                                    41,500
<LOANS-TROUBLED>                                   100
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                               516,500
<CHARGE-OFFS>                                   64,200
<RECOVERIES>                                    22,900
<ALLOWANCE-CLOSE>                              512,200
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0