<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE U.S.
BANCORP DECEMBER 31, 1996, 10-K AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED> 
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               DEC-31-1996
<CASH>                                       4,813,000
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                               898,000
<TRADING-ASSETS>                               231,000
<INVESTMENTS-HELD-FOR-SALE>                  6,473,000
<INVESTMENTS-CARRYING>                         797,000
<INVESTMENTS-MARKET>                           811,000
<LOANS>                                     52,355,000
<ALLOWANCE>                                    992,500
<TOTAL-ASSETS>                              69,749,000
<DEPOSITS>                                  49,356,000
<SHORT-TERM>                                 6,592,000
<LIABILITIES-OTHER>                          1,572,000
<LONG-TERM>                                  5,369,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    150,000
<COMMON>                                       316,000
<OTHER-SE>                                   5,297,000
<TOTAL-LIABILITIES-AND-EQUITY>              69,749,000
<INTEREST-LOAN>                              4,537,700
<INTEREST-INVEST>                              491,500
<INTEREST-OTHER>                                85,200
<INTEREST-TOTAL>                             5,114,400
<INTEREST-DEPOSIT>                           1,441,300
<INTEREST-EXPENSE>                           2,143,800
<INTEREST-INCOME-NET>                        2,970,600
<LOAN-LOSSES>                                  271,200
<SECURITIES-GAINS>                              20,800
<EXPENSE-OTHER>                              2,538,100
<INCOME-PRETAX>                              1,944,400
<INCOME-PRE-EXTRAORDINARY>                   1,218,700
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 1,218,700
<EPS-PRIMARY>                                     4.81
<EPS-DILUTED>                                     4.72
<YIELD-ACTUAL>                                    5.04
<LOANS-NON>                                    265,900
<LOANS-PAST>                                    90,600
<LOANS-TROUBLED>                                 3,400
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                               908,000
<CHARGE-OFFS>                                  397,200
<RECOVERIES>                                   135,700
<ALLOWANCE-CLOSE>                              992,500
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0