UNITED STATES
                          SECURITIES AND EXCHANGE COMMISSION
                                           
                               Washington, D.C.   20549
                                           
                                       FORM 8-K
                                           
                                    CURRENT REPORT
                                           
                           PURSUANT TO SECTION 13 or 15(d)
                                           
                        OF THE SECURITIES EXCHANGE ACT OF 1934
                                           




         Date of report (Date of earliest event reported):   OCTOBER 16, 1997
                                           
                                           
                                     U.S. BANCORP
                (Exact name of registrant as specified in its charter)
                                           
                                           
              DELAWARE                      1-6880              41-0255900
      (State or other jurisdiction       (Commission         (I.R.S Employer
          of Incorporation)               File Number)      Identification No.)
                                           
                                           
               601 SECOND AVENUE SOUTH, MINNEAPOLIS, MINNESOTA    55402
             (Address of principal executive offices)          (Zip Code)
                                           
                                           
         Registrant's telephone number, including area code:     612-973-1111
                                           

                                    NOT APPLICABLE
            (Former name or former address, if changed since last report)
                                           




Item 5.  OTHER EVENTS

         On October 16, 1997, U.S. Bancorp (the "Company") released its third 
         quarter 1997 earnings summary to the public.  The Company's press 
         release, dated October 16, 1997, announcing such earnings summary is 
         included as Exhibit 99 hereto and is incorporated herein by 
         reference.
    
Item 7.  FINANCIAL STATEMENTS AND EXHIBITS

     (c.)  Exhibits (filed herewith)
              
          Exhibit 99     Press release of U.S. Bancorp dated October 16, 1997.



                                      SIGNATURES
                                           


Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                      U.S. BANCORP

                                      By   /s/ DAVID J. PARRIN
                                           --------------------
                                           David J. Parrin
                                           Senior Vice President & Controller




DATE:  OCTOBER 17, 1997