<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