<ARTICLE> 9
<LEGEND> 
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FIRST
BANK SYSTEM, INC. DECEMBER 31, 1995, 10-K AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                                        
<PERIOD-TYPE>                              12-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
<CASH>                                       1,837,000
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                               265,000
<TRADING-ASSETS>                                86,000
<INVESTMENTS-HELD-FOR-SALE>                  3,256,000
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                     26,400,000
<ALLOWANCE>                                    473,500
<TOTAL-ASSETS>                              33,874,000
<DEPOSITS>                                  22,514,000
<SHORT-TERM>                                 4,385,000
<LIABILITIES-OTHER>                            826,000
<LONG-TERM>                                  3,201,000
<COMMON>                                       170,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    103,000
<OTHER-SE>                                   2,452,000
<TOTAL-LIABILITIES-AND-EQUITY>              33,874,000
<INTEREST-LOAN>                              2,273,400
<INTEREST-INVEST>                              237,200
<INTEREST-OTHER>                                34,600
<INTEREST-TOTAL>                             2,545,200
<INTEREST-DEPOSIT>                             706,700
<INTEREST-EXPENSE>                           1,105,000
<INTEREST-INCOME-NET>                        1,440,200
<LOAN-LOSSES>                                  115,000
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                              1,205,900
<INCOME-PRETAX>                                902,400
<INCOME-PRE-EXTRAORDINARY>                     568,100
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   568,100
<EPS-PRIMARY>                                     4.19
<EPS-DILUTED>                                     4.11
<YIELD-ACTUAL>                                    4.91
<LOANS-NON>                                    118,100
<LOANS-PAST>                                    38,800
<LOANS-TROUBLED>                                   100
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                               474,700
<CHARGE-OFFS>                                  209,100
<RECOVERIES>                                    88,100
<ALLOWANCE-CLOSE>                              473,500
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0