<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE U.S.
BANCORP JUNE 30, 1997, 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED> 
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               JUN-30-1997
<CASH>                                       4,299,000
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                             2,024,000
<TRADING-ASSETS>                               176,000
<INVESTMENTS-HELD-FOR-SALE>                  6,112,000
<INVESTMENTS-CARRYING>                         760,000
<INVESTMENTS-MARKET>                           773,000
<LOANS>                                     54,158,000
<ALLOWANCE>                                    999,400
<TOTAL-ASSETS>                              71,675,000
<DEPOSITS>                                  50,812,000
<SHORT-TERM>                                 4,586,000
<LIABILITIES-OTHER>                          1,461,000
<LONG-TERM>                                  7,583,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    150,000
<COMMON>                                       315,000
<OTHER-SE>                                   5,388,000
<TOTAL-LIABILITIES-AND-EQUITY>              71,675,000
<INTEREST-LOAN>                              2,350,800
<INTEREST-INVEST>                              226,700
<INTEREST-OTHER>                                35,500
<INTEREST-TOTAL>                             2,613,000
<INTEREST-DEPOSIT>                             715,400
<INTEREST-EXPENSE>                           1,101,200
<INTEREST-INCOME-NET>                        1,511,800
<LOAN-LOSSES>                                  185,300
<SECURITIES-GAINS>                               3,600
<EXPENSE-OTHER>                              1,165,000
<INCOME-PRETAX>                                946,500
<INCOME-PRE-EXTRAORDINARY>                     597,200
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   597,200
<EPS-PRIMARY>                                     2.42
<EPS-DILUTED>                                     2.39
<YIELD-ACTUAL>                                    5.07
<LOANS-NON>                                    318,100
<LOANS-PAST>                                    86,000
<LOANS-TROUBLED>                                 3,900
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                               992,500
<CHARGE-OFFS>                                  247,300
<RECOVERIES>                                    65,400
<ALLOWANCE-CLOSE>                              999,400
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0