<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE U.S.
BANCORP DECEMBER 31, 1997, 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-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<CASH>                                       4,739,000
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                               692,000
<TRADING-ASSETS>                               195,000
<INVESTMENTS-HELD-FOR-SALE>                  6,885,000
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                     54,708,000
<ALLOWANCE>                                  1,008,700
<TOTAL-ASSETS>                              71,295,000
<DEPOSITS>                                  49,027,000
<SHORT-TERM>                                 3,292,000
<LIABILITIES-OTHER>                          1,704,000
<LONG-TERM>                                 10,247,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       308,000
<OTHER-SE>                                   5,582,000
<TOTAL-LIABILITIES-AND-EQUITY>              71,295,000
<INTEREST-LOAN>                              4,784,500
<INTEREST-INVEST>                              439,600
<INTEREST-OTHER>                                69,500
<INTEREST-TOTAL>                             5,293,600
<INTEREST-DEPOSIT>                           1,436,800
<INTEREST-EXPENSE>                           2,245,500
<INTEREST-INCOME-NET>                        3,048,100
<LOAN-LOSSES>                                  460,300
<SECURITIES-GAINS>                               3,600
<EXPENSE-OTHER>                              2,812,300
<INCOME-PRETAX>                              1,390,700
<INCOME-PRE-EXTRAORDINARY>                     838,500
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   838,500
<EPS-PRIMARY>                                     3.39
<EPS-DILUTED>                                     3.34
<YIELD-ACTUAL>                                    5.04
<LOANS-NON>                                    293,100
<LOANS-PAST>                                    93,800
<LOANS-TROUBLED>                                 4,000
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                               992,500
<CHARGE-OFFS>                                  576,400
<RECOVERIES>                                   126,700
<ALLOWANCE-CLOSE>                            1,008,700
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0