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EXHIBIT 23.1
CONSENT OF INDEPENDENT AUDITORS
We consent to the reference to our firm under the caption "Experts" in
Amendment No. 3 to the Registration Statement (Form S-4 No. 333-48532) and
related Prospectus of U.S. Bancorp for the registration of shares of its common
stock and to the incorporation by reference therein of our report dated January
18, 2000, with respect to the consolidated financial statements of U.S. Bancorp
included in its Annual Report (Form 10-K/A) for the year ended December 31,
1999, filed with the Securities and Exchange Commission.
/s/ ERNST & YOUNG LLP
Minneapolis, Minnesota
January 10, 2001
