<ARTICLE> 9 <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <CASH> 13,568,912 <INT-BEARING-DEPOSITS> 145,488 <FED-FUNDS-SOLD> 16,050,025 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 214,865,641 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 214,865,641 <LOANS> 289,814,672 <ALLOWANCE> 3,179,566 <TOTAL-ASSETS> 551,177,577 <DEPOSITS> 412,592,185 <SHORT-TERM> 84,096,093 <LIABILITIES-OTHER> 6,664,003 <LONG-TERM> 12,668,179 <COMMON> 7,824,185 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 27,332,932 <TOTAL-LIABILITIES-AND-EQUITY> 551,177,577 <INTEREST-LOAN> 12,683,363 <INTEREST-INVEST> 6,288,501 <INTEREST-OTHER> 330,084 <INTEREST-TOTAL> 19,301,948 <INTEREST-DEPOSIT> 8,164,638 <INTEREST-EXPENSE> 2,664,278 <INTEREST-INCOME-NET> 8,473,032 <LOAN-LOSSES> 120,000 <SECURITIES-GAINS> 486,809 <EXPENSE-OTHER> 6,978,405 <INCOME-PRETAX> 3,565,521 <INCOME-PRE-EXTRAORDINARY> 2,540,508 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,540,508 <EPS-PRIMARY> 0.81 <EPS-DILUTED> 0.81 <YIELD-ACTUAL> 0341 <LOANS-NON> 822,000 <LOANS-PAST> 1,366,000 <LOANS-TROUBLED> 546,000 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 0 <CHARGE-OFFS> 0 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 0 <ALLOWANCE-DOMESTIC> 0 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0