<ARTICLE> 9 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE U.S. BANCORP SEPTEMBER 30, 1996, 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-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> SEP-30-1996 <CASH> 5,102,000 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 1,134,000 <TRADING-ASSETS> 207,000 <INVESTMENTS-HELD-FOR-SALE> 6,743,000 <INVESTMENTS-CARRYING> 825,000 <INVESTMENTS-MARKET> 836,000 <LOANS> 51,792,000 <ALLOWANCE> 987,400 <TOTAL-ASSETS> 70,056,000 <DEPOSITS> 49,571,000 <SHORT-TERM> 7,179,000 <LIABILITIES-OTHER> 1,677,000 <LONG-TERM> 5,069,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 237,000 <COMMON> 320,000 <OTHER-SE> 5,411,000 <TOTAL-LIABILITIES-AND-EQUITY> 70,056,000 <INTEREST-LOAN> 3,370,300 <INTEREST-INVEST> 372,900 <INTEREST-OTHER> 68,000 <INTEREST-TOTAL> 3,811,200 <INTEREST-DEPOSIT> 1,078,700 <INTEREST-EXPENSE> 1,602,800 <INTEREST-INCOME-NET> 2,208,400 <LOAN-LOSSES> 195,700 <SECURITIES-GAINS> 20,300 <EXPENSE-OTHER> 1,951,200 <INCOME-PRETAX> 1,483,800 <INCOME-PRE-EXTRAORDINARY> 926,600 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 926,600 <EPS-PRIMARY> 3.64 <EPS-DILUTED> 3.58 <YIELD-ACTUAL> 5.03 <LOANS-NON> 271,200 <LOANS-PAST> 85,100 <LOANS-TROUBLED> 5,500 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 908,000 <CHARGE-OFFS> 293,000 <RECOVERIES> 102,700 <ALLOWANCE-CLOSE> 987,400 <ALLOWANCE-DOMESTIC> 0 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0