<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