<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE U.S.
BANCORP SEPTEMBER 30, 1998, 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-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               SEP-30-1998
<CASH>                                       3,634,000
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                             1,676,000
<TRADING-ASSETS>                               488,000
<INVESTMENTS-HELD-FOR-SALE>                  5,498,000
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                     56,850,000
<ALLOWANCE>                                    980,100
<TOTAL-ASSETS>                              73,884,000
<DEPOSITS>                                  48,496,000
<SHORT-TERM>                                 3,169,000
<LIABILITIES-OTHER>                          2,197,000
<LONG-TERM>                                 12,938,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       931,000
<OTHER-SE>                                   5,009,000
<TOTAL-LIABILITIES-AND-EQUITY>              73,884,000
<INTEREST-LOAN>                              3,676,600
<INTEREST-INVEST>                              282,700
<INTEREST-OTHER>                                85,200
<INTEREST-TOTAL>                             4,044,500
<INTEREST-DEPOSIT>                           1,058,600
<INTEREST-EXPENSE>                           1,758,200
<INTEREST-INCOME-NET>                        2,286,300
<LOAN-LOSSES>                                  278,000
<SECURITIES-GAINS>                              12,600
<EXPENSE-OTHER>                              2,099,000
<INCOME-PRETAX>                              1,545,800
<INCOME-PRE-EXTRAORDINARY>                   1,545,800
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   978,200
<EPS-PRIMARY>                                     1.33
<EPS-DILUTED>                                     1.31
<YIELD-ACTUAL>                                    4.91
<LOANS-NON>                                    269,000
<LOANS-PAST>                                    93,900
<LOANS-TROUBLED>                                   100
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                             1,008,700
<CHARGE-OFFS>                                  433,000
<RECOVERIES>                                   117,000
<ALLOWANCE-CLOSE>                              980,100
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0