<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