<PAGE>
Exhibit 23
CONSENT OF INDEPENDENT AUDITORS
We consent to the incorporation by reference in the following Registration
Statements and related Prospectuses of U.S. Bancorp of our report dated
January 18, 2000, with respect to the consolidated financial statements of
U.S. Bancorp included in this Annual Report (Form 10-K/A) for the year ended
December 31, 1999.
<TABLE>
<CAPTION>
Registration
Form Statement No. Purpose
--------------------------------------------------------------------------------------------
<S> <C> <C>
S-8 33-16242 1987 Stock Option Plan
S-8 33-52835 1988 Equity Participation Plan
S-8 333-01099 FirsTier Financial, Inc. Omnibus Equity Plan
(as assumed by U.S. Bancorp)
S-8 333-01421 1994 & 1991 Stock Incentive Plan
S-8 333-02623 1996 Stock Incentive Plan
S-8 333-02621 Amended & Restated Employee Stock Purchase Plan
S-8 333-21291 Capital Accumulation Plan
S-8 333-32653 Employee Investment Plan
S-8 333-32635 1997 Stock Incentive Plan
S-8 333-51627 Piper Jaffray Companies, Inc. 1993 Omnibus Stock Plan
(as assumed by U.S. Bancorp)
S-8 333-51635 1997 Stock Incentive Plan
S-8 333-51641 Capital Accumulation Plan
S-8 333-76887 1999 Stock Incentive Plan
S-8 333-82691 Bank of Commerce 1989 Stock Option Plan and 1998
Stock Plan (as assumed by U.S. Bancorp)
S-8 333-31158 Western Bancorp 1993 Stock Option Plan
(as assumed by U.S. Bancorp)
S-8 333-38846 1999 Stock Incentive Plan
S-8 333-47968 Scripps Bank 1992 and 1995 Stock Option
Plans and 1998 Outside Directors Stock Option Plan
S-3 33-57169 Metropolitan Financial Corporation warrants
S-3 33-61667 Warrants for settlement of Edina Realty litigation
S-3 333-02983 Automatic Dividend Reinvestment and Common Stock Purchase Plan
S-3 333-32701 Automatic Dividend Reinvestment and Common Stock Purchase Plan (1997
DRIP)
S-3 333-45211 Universal Shelf Registration
S-3 333-67465 Libra Investments, Inc.
S-3 333-83643 Universal Shelf Registration
S-3 333-32572 Oliver-Allen Corporation, Inc.
S-4 333-48532 Firstar Corporation
</TABLE>
/s/ Ernst & Young LLP
Minneapolis, Minnesota
January 10, 2001
