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Rule 424(b)(2)
Registration No. 33-58521
PRICING SUPPLEMENT NO. 14 DATED: 01-21-98
(To Prospectus Dated May 26, 1995 as supplemented
by Prospectus Supplement Dated July 6, 1995,
as supplemented by a Supplement dated September 22, 1997)
U.S. BANCORP
Medium-Term Notes, Series H (Senior)
Medium-Term Notes, Series I (Subordinated)
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CUSIP: 31928MB40 Issue Price (Dollar Amount and Percentage of Principal Amount):
$20,000,000.00/99.979%
Series: Proceeds to the Company: $19,995,800.00
[X] Series H (Senior) Interest Rate/Initial Interest Rate: TBD 01-22-98
[_] Series I (Subordinated)
Interest Payment Dates: Monthly on the 26th
Form of Note:
Regular Record Dates: 15th calendar day prior to payment date
[X] Book-Entry
[_] Certificated Interest Determination Dates: 2 Business days prior to Reset/Payment Date
Principal Amount: $20,000,000.00 Interest Reset Dates: Monthly on the 26th
Trade Date: 01-21-98 Index Source: Telerate 3750
Original Issue Date: 01-26-98 Index Maturity: 1 month
Maturity Date: 04-26-00 Spread: +.05%
Interest Rate Basis (and, Spread Multiplier:
if applicable, related
Interest Periods): Maximum Interest Rate:
[_] Fixed Rate Notes Minimum Interest Rate:
[_] Commercial Paper Rate Note
[_] Federal Funds Rate Note Day Count: Actual/360
[X] LIBOR Note
[_] Prime Rate Note For Original Issue Discount Notes:
[_] Eleventh District Cost
of Funds Rate Note Original Issue Discount: %
[_] CD Rate Note
[_] Treasury Rate Note Yield to Maturity: %
[_] J.J. Kenny Rate Note
[_] CMT Rate Note
[_] Other Base Rate
(as described below)
[_] Zero Coupon Note
Redemption Terms:
Original Issue Discount Notes:
Other Terms:
ALL-IN=LIBOR: +.06% [_] Subject to special provisions set forth therein
with respect to the principal amount thereof
Agent: Lehman Brothers payable upon any redemption or acceleration of
Agent's Commission: $4,200.00 the maturity thereof.
[_] For Federal income tax purposes only.
Is the record or beneficial owner a California resident?
Yes No X
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/s/ BRETT BOUSHELE
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