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               UNITED STATES                   | OMB Number:    3235-0167     |
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                                               |         SEC USE ONLY         |
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                    FORM 15                    |                              |
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CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF
THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER
SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

 
 
                             Commission File Number:  1-09018
                                                      ------------------------- 

                      Metropolitan Financial Corporation
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            (Exact name of registrant as specified in its charter)
 
1000 Metropolitan Centre, 333 South Seventh Street, Minneapolis, Minnesota 55402
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  (Address, including zip code, and telephone number, including area code, of
                   registrant's principal executive offices)
 
                         Common Stock, $.01 par value
       $2.00 Cumulative Preferred Stock, Series A, $.01 Par Value; and 
     $2.875 Cumulative Perpetual Preferred Stock, Series B, $.01 Par Value
- --------------------------------------------------------------------------------
           (Title of each class of securities covered by this Form)
 
                                     NONE
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(Titles of all other classes of securities for which a duty to file reports
                     under section 13(a) or 15(d) remains)

  PLEASE PLACE AN X IN THE BOX(ES) TO DESIGNATE, THE APPROPRIATE RULE
PROVISION(S) RELIED UPON TO TERMINATE OR SUSPEND THE DUTY TO FILE REPORTS:

          RULE 12g-4(a)(1)(i)   [X]    RULE 12h-3(b)(1)(i)   [X]
          RULE 12g-4(a)(1)(ii)  [_]    RULE 12h-3(b)(1)(ii)  [_]
          RULE 12g-4(a)(2)(i)   [_]    RULE 12h-3(b)(2)(i)   [_]
          RULE 12g-4(a)(2)(ii)  [_]    RULE 12h-3(b)(2)(ii)  [_]
                                       RULE 15d-6            [_]

  APPROXIMATE NUMBER OF HOLDERS OF RECORD AS OF THE CERTIFICATION OR NOTICE
DATE:  NONE.  (METROPOLITAN FINANCIAL CORPORATION ("MFC") WAS ACQUIRED BY FIRST
BANK SYSTEM, INC. ("FBS") ON JANUARY 24, 1995, BY THE EXCHANGE OF FBS COMMON
STOCK FOR ALL THE OUTSTANDING COMMON STOCK OF MFC.)

  PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934 FIRST BANK
SYSTEM, INC. HAS CAUSED THIS CERTIFICATION/NOTICE TO BE SIGNED ON ITS BEHALF BY
THE UNDERSIGNED DULY AUTHORIZED PERSON.


                                      Metropolitan Financial Corporation
                                      By: First Bank System, Inc., its successor

DATE:  FEBRUARY 3, 1995               BY:    /s/ DAVID J. PARRIN
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                                          DAVID J. PARRIN
                                          SENIOR VICE PRESIDENT AND CONTROLLER