<ARTICLE> 9 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE U.S. BANCORP DECEMBER 31, 1998, 10-K AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 4,772,000 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 544,000 <TRADING-ASSETS> 537,000 <INVESTMENTS-HELD-FOR-SALE> 5,577,000 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 59,122,000 <ALLOWANCE> 1,000,900 <TOTAL-ASSETS> 76,438,000 <DEPOSITS> 50,034,000 <SHORT-TERM> 3,365,000 <LIABILITIES-OTHER> 2,172,000 <LONG-TERM> 13,781,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 931,000 <OTHER-SE> 5,039,000 <TOTAL-LIABILITIES-AND-EQUITY> 76,438,000 <INTEREST-LOAN> 4,921,800 <INTEREST-INVEST> 366,400 <INTEREST-OTHER> 119,200 <INTEREST-TOTAL> 5,407,400 <INTEREST-DEPOSIT> 1,391,000 <INTEREST-EXPENSE> 2,346,800 <INTEREST-INCOME-NET> 3,060,600 <LOAN-LOSSES> 379,000 <SECURITIES-GAINS> 12,600 <EXPENSE-OTHER> 2,844,300 <INCOME-PRETAX> 2,093,900 <INCOME-PRE-EXTRAORDINARY> 1,327,400 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,327,400 <EPS-PRIMARY> 1.81 <EPS-DILUTED> 1.78 <YIELD-ACTUAL> 4.87 <LOANS-NON> 278,900 <LOANS-PAST> 106,800 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 1,008,700 <CHARGE-OFFS> 592,100 <RECOVERIES> 157,900 <ALLOWANCE-CLOSE> 1,000,900 <ALLOWANCE-DOMESTIC> 0 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0