<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE U.S.
BANCORP MARCH 31, 1996, 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED> 
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                       4,065,000
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                             1,281,000
<TRADING-ASSETS>                               291,000
<INVESTMENTS-HELD-FOR-SALE>                  7,300,000
<INVESTMENTS-CARRYING>                         835,000
<INVESTMENTS-MARKET>                           848,000
<LOANS>                                     50,299,000
<ALLOWANCE>                                    972,200
<TOTAL-ASSETS>                              68,129,000
<DEPOSITS>                                  47,573,000
<SHORT-TERM>                                 7,573,000
<LIABILITIES-OTHER>                          1,648,000
<LONG-TERM>                                  4,858,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    246,000
<COMMON>                                       322,000
<OTHER-SE>                                   5,400,000
<TOTAL-LIABILITIES-AND-EQUITY>              68,129,000
<INTEREST-LOAN>                              1,100,300
<INTEREST-INVEST>                              125,600
<INTEREST-OTHER>                                23,100
<INTEREST-TOTAL>                             1,249,000
<INTEREST-DEPOSIT>                             356,800
<INTEREST-EXPENSE>                             533,400
<INTEREST-INCOME-NET>                          715,600
<LOAN-LOSSES>                                   61,100
<SECURITIES-GAINS>                              18,000
<EXPENSE-OTHER>                                705,600
<INCOME-PRETAX>                                480,200
<INCOME-PRE-EXTRAORDINARY>                     289,700
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   289,700
<EPS-PRIMARY>                                     1.15
<EPS-DILUTED>                                     1.13
<YIELD-ACTUAL>                                    4.97
<LOANS-NON>                                    216,500
<LOANS-PAST>                                    74,700
<LOANS-TROUBLED>                                   800
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                               908,000
<CHARGE-OFFS>                                   87,300
<RECOVERIES>                                    31,300
<ALLOWANCE-CLOSE>                              972,200
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0