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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 GTPzWXui8ORStBNo3JoarX/+ny7+adz1JriddLFNBH065UbrJhbiXMcSxBbE5dMD
 WBYktirsSRkjD9l6O4Nx/Q==

<SEC-DOCUMENT>0001045969-00-000310.txt : 20000427
<SEC-HEADER>0001045969-00-000310.hdr.sgml : 20000427
ACCESSION NUMBER:		0001045969-00-000310
CONFORMED SUBMISSION TYPE:	424B2
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20000426

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			US BANCORP \DE\
		CENTRAL INDEX KEY:			0000036104
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				410255900
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B2
		SEC ACT:		
		SEC FILE NUMBER:	333-83643
		FILM NUMBER:		609208

	BUSINESS ADDRESS:	
		STREET 1:		FIRST BANK PL
		STREET 2:		601 SECOND AVE S
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55402-4302
		BUSINESS PHONE:		6129731111

	MAIL ADDRESS:	
		STREET 1:		601 2ND AVENUE SOUTH-FIRST BANK PLACE
		STREET 2:		601 2ND AVENUE SOUTH-FIRST BANK PLACE
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55402-4302

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST BANK SYSTEM INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST BANK STOCK CORP
		DATE OF NAME CHANGE:	19720317
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B2
<SEQUENCE>1
<DESCRIPTION>PRICING SUPPLEMENT NO. 2
<TEXT>

<PAGE>

                                                                Rule 424(b)(2)
                                                    Registration No. 333-83643

PRICING SUPPLEMENT TO PROSPECTUS DATED JULY 23, 1999,
AS SUPPLEMENTED BY PROSPECTUS SUPPLEMENT DATED DECEMBER 17,
1999/AUTHENTICATION CERTICIATE SUPPLEMENTAL TO THE
OFFICERS' CERTIFICATE AND COMPANY ORDER, DATED DECEMBER 17,
1999 NO. 2 DATED: 04-25-2000

                                U.S. BANCORP

                    Medium-Term Notes, Series L (Senior)
                 Medium-Term Notes, Series M (Subordinated)

<TABLE>
<S>                                     <C>

CUSIP: 91159H FP0                       Issue Price (Dollar Amount and Percentage of Principal Amount):
                                        $500,000,000.00/99.884%

Series:                                 Proceeds to the Company: $499,420,000.00

[X] Series L (Senior)                   Interest Rate/Initial Interest Rate: TBD 4-27-2000
[_] Series M (Subordinated)
                                        Interest Payment Dates: Each February, May, August, November 1
Form of Note:
                                        Regular Record Dates: 15 calendar days prior to Interest Payment Date
[X] Book-Entry
[_] Certificated                        Interest Determination Dates: 2 London days prior

Principal Amount: $500,000,000.00       Interest Reset Dates: The 1st or each February May, August, November

Trade Date: 4-25-2000                   Index Source: Telerate 3750

Original Issue Date: 5-1-2000           Index Maturity: 3 month

Maturity Date: 11-01-2002              Spread: +.20%


Base rate (and, if applicable,          Spread Multiplier: --
related Interest Periods):
                                        Maximum Interest Rate: --

                                        Day Count: Actual/360

[_] Fixed Rate Notes                    Minimum Interest Rate: --
[_] Commercial Paper Rate Note
[_] Federal Funds Rate Note
[X] LIBOR Note                          For Original Issue Discount Notes:
[_] Prime Rate Note                             Original Issue Discount:     -- %
[_] CD Rate Note                                Original Issue Discount:     -- %
[_] Treasury Rate Note                          Yield to Maturity:           -- %
[_] CMT Rate Note
[_] Other Base Rate
    (as described below)
[_] Zero Coupon Note

Agent's Commission: $580,000
                       .116%                    Original Issue Discount Notes:

Redemption Terms: --

Other Terms: --

Name of Place Agent and Delivery Instructions:      [_] Subject to special provisions set forth therein
                                                        with respect to the principal amount thereof
Chase                                                   payable upon any redemption or acceleration of
                                                        the maturity thereof.
DTC #187                                            [_] For Federal income tax purposes only.

3 month LIBOR +.25% all-in
                                                Signature

                                                /s/ KENNETH D. NELSON
                                                -------------------------------------
                                                        (Authorized Signature}

                                                /s/ BRETT BOUSHELE
                                                -------------------------------------
                                                        (Authorized Signature}
</TABLE>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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