Rule 424(b)(2)
                                                     Registration No. 33-45211

PRICING SUPPLEMENT NO. 18    DATED:  05-05-99

(To Prospectus Dated February 17, 1998 as supplemented
by Prospectus Supplement Dated March 30, 1998) 


                           
                                U.S. BANCORP

                    Medium-Term Notes, Series J (Senior)
                 Medium-Term Notes, Series K (Subordinated)

                                     

CUSIP: 91159H EY2                       Issue Price (Dollar Amount and Percentage of Principal Amount):
                                        $200,000,000.00/99.785%

Series:                                 Proceeds to the Company: $199,570,000.00

[X] Series J (Senior)                   Interest Rate/Initial Interest Rate: 6.00%
[_] Series K (Subordinated)             
                                        Interest Payment Dates: The 15th of each May and November
Form of Note:
                                        Regular Record Dates: 15 calendar days prior to payment date
[X] Book-Entry                          
[_] Certificated                        Interest Determination Dates: 

Principal Amount: $200,000,000.00       Interest Reset Dates: 

Trade Date: 05-05-99                    Index Source: 

Original Issue Date: 05-10-99           Index Maturity: 

Maturity Date: 05-15-04                 Spread: 

Interest Rate Basis (and,               Spread Multiplier:
if applicable, related
Interest Periods):                      Maximum Interest Rate:

[X] Fixed Rate Notes                    Minimum Interest Rate:
[_] Commercial Paper Rate Note          
[_] Federal Funds Rate Note             Day Count: 30/360
[_] LIBOR Note                          
[_] Prime Rate Note                     For Original Issue Discount Notes:
[_] Eleventh District Cost
     of Funds Rate Note                         Original Issue Discount:        %
[_] CD Rate Note
[_] Treasury Rate Note                          Yield to Maturity:              %
[_] J.J. Kenny Rate Note
[_] CMT Rate Note
[_] Other Base Rate
    (as described below)
[_] Zero Coupon Note

Redemption Terms:
                                                Original Issue Discount Notes:

Other Terms:
ALL-IN= +6.05%                                      [_] Subject to special provisions set forth therein
                                                        with respect to the principal amount thereof
Agent: Lehman Brothers                                  payable upon any redemption or acceleration of
Agent's Commission: $430,000                            the maturity thereof.
                                                        [_] For Federal income tax purposes only.


                                                Is the record or beneficial owner a California resident?
                                                        Yes        No  X
                                                            ---       ---

                                                /s/ BRETT BOUSHELE