<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE U.S.
BANCORP JUNE 30, 1998, 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-31-1998
<PERIOD-START>                                  JAN-01-1998
<PERIOD-END>                                    JUN-30-1998
<CASH>                                            4,537,000
<INT-BEARING-DEPOSITS>                                    0
<FED-FUNDS-SOLD>                                  1,337,000
<TRADING-ASSETS>                                    411,000
<INVESTMENTS-HELD-FOR-SALE>                       5,923,000
<INVESTMENTS-CARRYING>                                    0
<INVESTMENTS-MARKET>                                      0
<LOANS>                                          55,778,000
<ALLOWANCE>                                         981,800
<TOTAL-ASSETS>                                   73,750,000
<DEPOSITS>                                       49,307,000
<SHORT-TERM>                                      3,490,000
<LIABILITIES-OTHER>                               2,203,000
<LONG-TERM>                                      11,381,000
<COMMON>                                            931,000
<PREFERRED-MANDATORY>                                     0
<PREFERRED>                                               0
<OTHER-SE>                                        5,196,000
<TOTAL-LIABILITIES-AND-EQUITY>                   73,750,000
<INTEREST-LOAN>                                   2,429,800
<INTEREST-INVEST>                                   195,700
<INTEREST-OTHER>                                     49,200
<INTEREST-TOTAL>                                  2,674,700
<INTEREST-DEPOSIT>                                  707,300
<INTEREST-EXPENSE>                                1,154,800
<INTEREST-INCOME-NET>                             1,519,900
<LOAN-LOSSES>                                       183,000
<SECURITIES-GAINS>                                   12,600
<EXPENSE-OTHER>                                   1,330,200
<INCOME-PRETAX>                                   1,026,300
<INCOME-PRE-EXTRAORDINARY>                        1,026,300
<EXTRAORDINARY>                                           0
<CHANGES>                                                 0
<NET-INCOME>                                        649,100
<EPS-PRIMARY>                                           .88
<EPS-DILUTED>                                           .86
<YIELD-ACTUAL>                                         4.95
<LOANS-NON>                                         273,200
<LOANS-PAST>                                         86,600
<LOANS-TROUBLED>                                        300
<LOANS-PROBLEM>                                           0
<ALLOWANCE-OPEN>                                  1,008,700
<CHARGE-OFFS>                                       280,200
<RECOVERIES>                                         70,300
<ALLOWANCE-CLOSE>                                   981,800
<ALLOWANCE-DOMESTIC>                                      0
<ALLOWANCE-FOREIGN>                                       0
<ALLOWANCE-UNALLOCATED>                                   0