Rule 424(b)(3)
                                                            File No. 33-43407

PRICING SUPPLEMENT No. 18          DATED May 22, 1995   

(To Prospectus Dated May 18, 1994, as Supplemented May 18, 1994)



                                U. S. BANCORP




                         Medium-Term Notes, Series E
          Due From Nine Months to Fifteen Years From Date of Issue

                              Fixed Rate Notes
                                                



Original Issue Date:  May 30, 1995                         

                                                                Interest Rate
      Range of Maturities                                           Per Annum

From 9 months to less than 1 year. . . . . . . . . . . . . . . .          %  
From 1 year to less than 18 months . . . . . . . . . . . . . . .          %  
From 18 months to less than 2 years. . . . . . . . . . . . . . .          %  
From 2 years to less than 3 years. . . . . . . . . . . . . . . .          %  
From 3 years to less than 4 years. . . . . . . . . . . . . . . .          %  
From 4 years to less than 5 years. . . . . . . . . . . . . . . .          %  
From 5 years to less than 6 years. . . . . . . . . . . . . . . .      6.93%  
From 6 years to less than 7 years. . . . . . . . . . . . . . . .          %  
From 7 years to less than 10 years . . . . . . . . . . . . . . .          %  
From 10 years to 15 years. . . . . . . . . . . . . . . . . . . .          %  


Redemption:
      Check applicable box.
      [X ]                     The Notes cannot be redeemed prior to
                               maturity.
      [  ]                     The Notes may be redeemed prior to maturity in
                               whole or from time to time in part.
      [  ]                     The Notes may be redeemed prior to maturity in
                               whole only.

      Terms of Redemption: