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Rule 424(b)(2)
Registration No. 33-51407
PRICING SUPPLEMENT NO. 5 DATED: 12-5-94
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(To Prospectus Dated February 15, 1994, as supplemented
by Prospectus Supplement Dated March 22, 1994)
FIRST BANK SYSTEM, INC.
Medium-Term Notes, Series F (Senior)
Medium-Term Notes, Series G (Subordinated)
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Series: CUSIP: 31928MBE4
[X] Series F (Senior) Issue Price (Dollar Amount and Percentage of Principal Amount):
[_] Series G (Subordinated) 100,000,000.00/100%
Form of Note: Interest Rate/Initial Interest Rate: 6.275%
[X] Book-Entry
[_] Certificated Interest Payment Dates: Monthly-3rd Wednesday-beginning 1/18/95
Principal Amount: 100,000,000.00 Regular Record Dates: 15th calendar day before each int payment
Original Issue Date: 12-9-94 Interest Determination Dates: 2 business days prior to reset
Maturity Date: 11-19-97 Interest Reset Dates: Monthly-3rd Wednesday-beginning 1/18/95
Interest Rate Basis (and, Index Maturity: One month
if applicable, related
Interest Periods): Spread: .15%
[_] Fixed Rate Notes Spread Multiplier:
[_] Commercial Paper Rate Note
[_] Federal Funds Rate Note Alternate Rate Event Spread:
[X] LIBOR Note
[_] Prime Rate Note Alternate Rate Event Spread Multiplier:
[_] Eleventh District Cost
of Funds Rate Note Maximum Interest Rate:
[_] CD Rate Note
[_] Treasury Rate Note Minimum Interest Rate:
[_] J.J. Kenny Rate Note
[_] CMT Rate Note
[_] Other Base Rate Index Source: Telerate pg 3750
(as described below) For Original Issue Discount Notes:
[_] Zero Coupon Note
Original Issue Discount: %
Redemption Terms:
Yield to Maturity: %
Other Terms:
Original Issue Discount Notes:
Agent's Commission: .114
[_] Subject to special provisions set forth therein
with respect to the principal amount thereof
payable upon any redemption or acceleration of
the maturity thereof.
[_] For Federal income tax purposes only.
Proceeds to FBS: 99,886,000.00 Is the record or beneficial owner a California resident?
DTC Participant: Donaldson, Lufkin & Jenrette Yes [_] No [X]
Securities Corporation
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