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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 or 15(d)
OF THE SECURITIES AND EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): January 19, 1996
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FIRST BANK SYSTEM, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-6880 41-0255900
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(State or other jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
601 Second Avenue South, Minneapolis, Minnesota 55402
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(Address of principal executive officers) (Zip Code)
Registrant's telephone number, including area code: 612-973-1111
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Not Applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events
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The previously announced capital management program as described in
First Bank System's Form 8-K dated December 13, 1995 has changed. In
order that the proposed First Bank System, Inc./First Interstate merger
be accounted for as a pooling of interests, the Staff of the Securities
and Exchange Commission believes that generally accepted accounting
principles require First Bank System to suspend its ongoing repurchase
program for two years following consummation of such proposed merger,
except for shares reacquired for issuance in connection with stock
options and other compensation plans and purchase business
combinations.
SIGNATURE
Pursuant to the requirements of the Securities Exchange of 1934, the registrant
has duly caused this Report to be signed on its behalf by the undersigned
hereunto duly authorized.
FIRST BANK SYSTEM, INC.
By /s/ DAVID J. PARRIN
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David J. Parrin
Senior Vice President & Controller
Date: January 19, 1996
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