<PAGE>
Exhibit 24.1
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature
appears below hereby constitutes and appoints Lee R. Mitau, Susan E. Lester and
Terrance R. Dolan, and each of them, his or her true and lawful
attorneys-in-fact and agents, each acting alone, with full power of substitution
and resubstitution, for him or her and in his or her name, place and stead, in
any and all capacities, to sign a Registration Statement on Form S-8 of U.S.
Bancorp, and any and all amendments thereto, including post-effective
amendments, and to file the same, with all exhibits thereto and other documents
in connection therewith, with the Securities and Exchange Commission, granting
unto said attorneys-in-fact and agents, each acting alone, full power and
authority to do and perform to all intents and purposes as he or she might or
could do in person, hereby ratifying and confirming all that said
attorneys-in-fact and agents, each acting alone, or the substitutes for such
attorneys-in-fact and agents, may lawfully do or cause to be done by virtue
hereof.
<TABLE>
<CAPTION>
Signature Title Date
--------- ----- ----
<S> <C> <C>
/s/ John F. Grundhofer Chairman, President, Chief Executive April 23, 1999
---------------------------------------- Officer and Director
John F. Grundhofer (principal executive officer)
/s/ Susan E. Lester Executive Vice President and Chief April 23, 1999
---------------------------------------- Financial Officer (principal financial
Susan E. Lester officer)
/s/ Terrance R. Dolan Senior Vice President and Controller April 23, 1999
---------------------------------------- (principal accounting officer)
Terrance R. Dolan
/s/ Linda L. Ahlers Director April 23, 1999
----------------------------------------
Linda L. Ahlers
Director
----------------------------------------
Harry L. Bettis
/s/ Arthur D. Collins, Jr. Director April 23, 1999
----------------------------------------
Arthur D. Collins, Jr.
/s/ Peter H. Coors Director April 23, 1999
----------------------------------------
Peter H. Coors
/s/ Robert L. Dryden Director February 17, 1999
----------------------------------------
Robert L. Dryden
/s/ Joshua Green III Director February 17, 1999
----------------------------------------
Joshua Green III
/s/ Delbert W. Johnson Director April 23, 1999
----------------------------------------
Delbert W. Johnson
/s/ Jerry W. Levin Director April 23, 1999
----------------------------------------
Jerry W. Levin
/s/ Edward J. Phillips Director February 17, 1999
----------------------------------------
Edward J. Phillips
<PAGE>
/s/ Paul A. Redmond Director April 23, 1999
----------------------------------------
Paul A. Redmond
/s/ Richard G. Reiten Director February 17, 1999
----------------------------------------
Richard G. Reiten
/s/ S. Walter Richey Director April 23, 1999
----------------------------------------
S. Walter Richey
/s/ Warren R. Staley Director February 17, 1999
----------------------------------------
Warren R. Staley
</TABLE>
