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Rule 424(b)(2)
Registration No. 33-45211
PRICING SUPPLEMENT NO. 18 DATED: 05-05-99
(To Prospectus Dated February 17, 1998 as supplemented
by Prospectus Supplement Dated March 30, 1998)
U.S. BANCORP
Medium-Term Notes, Series J (Senior)
Medium-Term Notes, Series K (Subordinated)
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CUSIP: 91159H EY2 Issue Price (Dollar Amount and Percentage of Principal Amount):
$200,000,000.00/99.785%
Series: Proceeds to the Company: $199,570,000.00
[X] Series J (Senior) Interest Rate/Initial Interest Rate: 6.00%
[_] Series K (Subordinated)
Interest Payment Dates: The 15th of each May and November
Form of Note:
Regular Record Dates: 15 calendar days prior to payment date
[X] Book-Entry
[_] Certificated Interest Determination Dates:
Principal Amount: $200,000,000.00 Interest Reset Dates:
Trade Date: 05-05-99 Index Source:
Original Issue Date: 05-10-99 Index Maturity:
Maturity Date: 05-15-04 Spread:
Interest Rate Basis (and, Spread Multiplier:
if applicable, related
Interest Periods): Maximum Interest Rate:
[X] Fixed Rate Notes Minimum Interest Rate:
[_] Commercial Paper Rate Note
[_] Federal Funds Rate Note Day Count: 30/360
[_] 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= +6.05% [_] 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: $430,000 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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