<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE U.S.
BANCORP SEPTEMBER 30, 1997, 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                                 
<PERIOD-TYPE>                       9-MOS
<FISCAL-YEAR-END>                               DEC-31-1997
<PERIOD-START>                                  JAN-01-1997
<PERIOD-END>                                    SEP-30-1997
<CASH>                                            4,342,000
<INT-BEARING-DEPOSITS>                                    0
<FED-FUNDS-SOLD>                                    529,000
<TRADING-ASSETS>                                    156,000
<INVESTMENTS-HELD-FOR-SALE>                       6,832,000
<INVESTMENTS-CARRYING>                                    0
<INVESTMENTS-MARKET>                                      0
<LOANS>                                          54,143,000
<ALLOWANCE>                                       1,019,900
<TOTAL-ASSETS>                                   70,174,000
<DEPOSITS>                                       48,374,000
<SHORT-TERM>                                      4,497,000
<LIABILITIES-OTHER>                               1,661,000
<LONG-TERM>                                       8,710,000
<COMMON>                                            306,000
<PREFERRED-MANDATORY>                                     0
<PREFERRED>                                         150,000
<OTHER-SE>                                        5,285,000
<TOTAL-LIABILITIES-AND-EQUITY>                   70,174,000
<INTEREST-LOAN>                                   3,561,900
<INTEREST-INVEST>                                   332,500
<INTEREST-OTHER>                                     50,700
<INTEREST-TOTAL>                                  3,945,100
<INTEREST-DEPOSIT>                                1,077,700
<INTEREST-EXPENSE>                                1,668,000
<INTEREST-INCOME-NET>                             2,277,100
<LOAN-LOSSES>                                       370,300
<SECURITIES-GAINS>                                    3,600
<EXPENSE-OTHER>                                   2,168,100
<INCOME-PRETAX>                                     933,400
<INCOME-PRE-EXTRAORDINARY>                          549,600
<EXTRAORDINARY>                                           0
<CHANGES>                                                 0
<NET-INCOME>                                        549,600
<EPS-PRIMARY>                                          2.17
<EPS-DILUTED>                                          2.16
<YIELD-ACTUAL>                                         5.05
<LOANS-NON>                                         293,200
<LOANS-PAST>                                         79,500
<LOANS-TROUBLED>                                      3,900
<LOANS-PROBLEM>                                           0
<ALLOWANCE-OPEN>                                    992,500
<CHARGE-OFFS>                                       439,900
<RECOVERIES>                                         93,500
<ALLOWANCE-CLOSE>                                 1,019,900
<ALLOWANCE-DOMESTIC>                                      0
<ALLOWANCE-FOREIGN>                                       0
<ALLOWANCE-UNALLOCATED>                                   0