<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE U.S.
BANCORP SEPTEMBER 30, 1997, 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED> 
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               SEP-30-1997
<CASH>                                       4,342,000
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                               529,000
<TRADING-ASSETS>                               156,000
<INVESTMENTS-HELD-FOR-SALE>                  6,832,000
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                     54,143,000
<ALLOWANCE>                                  1,019,900
<TOTAL-ASSETS>                              70,174,000
<DEPOSITS>                                  48,374,000
<SHORT-TERM>                                 4,497,000
<LIABILITIES-OTHER>                          1,661,000
<LONG-TERM>                                  8,710,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    150,000
<COMMON>                                       306,000
<OTHER-SE>                                   5,285,000
<TOTAL-LIABILITIES-AND-EQUITY>              70,174,000
<INTEREST-LOAN>                              3,561,900
<INTEREST-INVEST>                              332,500
<INTEREST-OTHER>                                50,700
<INTEREST-TOTAL>                             3,945,100
<INTEREST-DEPOSIT>                           1,077,700
<INTEREST-EXPENSE>                           1,668,000
<INTEREST-INCOME-NET>                        2,277,100
<LOAN-LOSSES>                                  370,300
<SECURITIES-GAINS>                               3,600
<EXPENSE-OTHER>                              2,168,100
<INCOME-PRETAX>                                933,400
<INCOME-PRE-EXTRAORDINARY>                     549,600
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   549,600
<EPS-PRIMARY>                                     2.21
<EPS-DILUTED>                                     2.19
<YIELD-ACTUAL>                                    5.05
<LOANS-NON>                                    293,200
<LOANS-PAST>                                    79,500
<LOANS-TROUBLED>                                 3,900
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                               992,500
<CHARGE-OFFS>                                  439,900
<RECOVERIES>                                    93,500
<ALLOWANCE-CLOSE>                            1,019,900
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0