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Rule 424(b)(3)
File No. 33-43407
PRICING SUPPLEMENT No. 16 Dated March 17, 1995
(To Prospectus dated May 18, 1994, and Prospectus Supplement dated May 18,
1994)
U. S. BANCORP
Medium-Term Notes, Series E
Due From Nine Months to Fifteen Years From Date of Issue
Floating Rate Notes
Principal Amount: $30,000,000.00
Initial Interest Rate: LIBOR on June 21, 1995, plus 12.5 basis points
Interest Rate Basis: LIBOR
Spread: +.125 bp
Spread Multiplier: Not Applicable
Index Maturity: Three months, except that with respect to the
last Interest Determination Date, the Index
Maturity will be one month.
Interest Rate Reset Period: Quarterly
Interest Reset Dates: Third Wednesday of March, June, September, and
December
Interest Payment Period: Quarterly
Interest Payment Dates: Third Wednesday of March, June, September,
December and at maturity
Maximum Interest Rate: Not Applicable
Minimum Interest Rate: Not Applicable
Calculation Agent: Chemical Bank
Settlement Date (Original Issue Date): March 24, 1995
Maturity Date: April 15, 1997
Issue Price (%): 99.75%
Redemption: The Notes cannot be redeemed prior to maturity unless the
applicable box is checked and the terms of redemption are
specified below.
[ ] The Notes may be redeemed prior to maturity in whole or
from time to time in part.
[ ] The Notes may be redeemed prior to maturity in whole only.
Terms of Redemption:
Indenture Trustee: Chemical Bank, as successor to Manufacturers Hanover
Trust Company
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