<ARTICLE> 9 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE U.S. BANCORP MARCH 31, 1999, 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 4,020,000 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 574,000 <TRADING-ASSETS> 686,000 <INVESTMENTS-HELD-FOR-SALE> 5,253,000 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 59,619,000 <ALLOWANCE> 982,500 <TOTAL-ASSETS> 76,110,000 <DEPOSITS> 48,672,000 <SHORT-TERM> 4,169,000 <LIABILITIES-OTHER> 2,229,000 <LONG-TERM> 13,774,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 931,000 <OTHER-SE> 5,246,000 <TOTAL-LIABILITIES-AND-EQUITY> 76,110,000 <INTEREST-LOAN> 1,238,500 <INTEREST-INVEST> 79,300 <INTEREST-OTHER> 34,200 <INTEREST-TOTAL> 1,352,000 <INTEREST-DEPOSIT> 311,600 <INTEREST-EXPENSE> 569,300 <INTEREST-INCOME-NET> 782,700 <LOAN-LOSSES> 117,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 718,800 <INCOME-PRETAX> 573,200 <INCOME-PRE-EXTRAORDINARY> 573,200 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 366,800 <EPS-PRIMARY> 0.51 <EPS-DILUTED> 0.50 <YIELD-ACTUAL> 4.82 <LOANS-NON> 303,500 <LOANS-PAST> 126,800 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 1,000,900 <CHARGE-OFFS> 181,300 <RECOVERIES> 41,700 <ALLOWANCE-CLOSE> 982,500 <ALLOWANCE-DOMESTIC> 0 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0