<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