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                                                                      EXHIBIT 23


                       CONSENT OF INDEPENDENT ACCOUNTANTS


We hereby consent to the incorporation by reference in the Registration
Statement on Form S-8 (No. 333-51641) of U.S. Bancorp of our report dated June
22, 2001 relating to the financial statements of U.S. Bancorp 401(k) Savings
Plan, which appears in this Form 11-K.


/s/ PricewaterhouseCoopers LLP


PricewaterhouseCoopers LLP
Minneapolis, Minnesota
June 29, 2001