<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE U.S.
BANCORP JUNE 30, 1997, 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-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               JUN-30-1997
<CASH>                                       2,291,000
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                             1,703,000
<TRADING-ASSETS>                               115,000
<INVESTMENTS-HELD-FOR-SALE>                  3,301,000
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                     27,863,000
<ALLOWANCE>                                    508,100
<TOTAL-ASSETS>                              37,729,000
<DEPOSITS>                                  25,231,000
<SHORT-TERM>                                 1,978,000
<LIABILITIES-OTHER>                            944,000
<LONG-TERM>                                  5,744,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       177,000
<OTHER-SE>                                   2,986,000
<TOTAL-LIABILITIES-AND-EQUITY>              37,729,000
<INTEREST-LOAN>                              1,193,600
<INTEREST-INVEST>                              113,300
<INTEREST-OTHER>                                25,700
<INTEREST-TOTAL>                             1,332,600
<INTEREST-DEPOSIT>                             319,900
<INTEREST-EXPENSE>                             567,600
<INTEREST-INCOME-NET>                          765,000
<LOAN-LOSSES>                                   76,000
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                594,100
<INCOME-PRETAX>                                556,100
<INCOME-PRE-EXTRAORDINARY>                     350,100
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   350,100
<EPS-PRIMARY>                                     2.59
<EPS-DILUTED>                                     2.57
<YIELD-ACTUAL>                                    4.94
<LOANS-NON>                                    115,300
<LOANS-PAST>                                    40,200
<LOANS-TROUBLED>                                   100
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                               516,500
<CHARGE-OFFS>                                  128,800
<RECOVERIES>                                    44,400
<ALLOWANCE-CLOSE>                              508,100
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0