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EXHIBIT 99.2
CONSENT OF SANDLER O'NEILL & PARTNERS, L.P.
We hereby consent to the inclusion of our opinion letter to the Board
of Directors of Scripps Financial Corporation (the "Company") as Appendix B to
the Proxy Statement/Prospectus relating to the proposed merger of the Company
with and into U. S. Bancorp contained in the Registration Statement on Form S-4
as filed with the Securities and Exchange Commission on the date hereof, and to
the references to our firm and such opinion in such Proxy Statement/Prospectus.
In giving such consent, we do not admit that we come within the category of
persons whose consent is required under Section 7 of the Securities Act of 1933,
as amended (the "Act"), or the rules and regulations of the Securities and
Exchange Commission thereunder (the "Regulations"), nor do we admit that we are
experts with respect to any part of such Registration Statement within the
meaning of the term "experts" as used in the Act or the Regulations.
, 2000
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