WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE. [DESCRIPTION] FINANCIAL DATA SCHEDULE <ARTICLE> 9 <CIK> 0000037032 <NAME> FIRST VIRGINIA BANKS, INC. <MULTIPLIER> 1000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1998 <CASH> 396,054 <INT-BEARING-DEPOSITS> 2,300 <FED-FUNDS-SOLD> 440,263 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 24,437 <INVESTMENTS-CARRYING> 2,141,825 <INVESTMENTS-MARKET> 2,146,904 <LOANS> 5,858,520 <ALLOWANCE> 67,117 <TOTAL-ASSETS> 9,269,746 <DEPOSITS> 7,821,451 <SHORT-TERM> 274,476 <LIABILITIES-OTHER> 139,315 <LONG-TERM> 3,875 <COMMON> 51,841 <PREFERRED-MANDATORY> 0 <PREFERRED> 551 <OTHER-SE> 978,237 <TOTAL-LIABILITIES-AND-EQUITY> 9,269,746 <INTEREST-LOAN> 127,617 <INTEREST-INVEST> 26,725 <INTEREST-OTHER> 7,730 <INTEREST-TOTAL> 162,072 <INTEREST-DEPOSIT> 54,152 <INTEREST-EXPENSE> 3,215 <INTEREST-INCOME-NET> 104,662 <LOAN-LOSSES> 4,084 <SECURITIES-GAINS> 506 <EXPENSE-OTHER> 78,760 <INCOME-PRETAX> 48,265 <INCOME-PRE-EXTRAORDINARY> 48,265 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 31,542 <EPS-PRIMARY> .61 <EPS-DILUTED> .61 <YIELD-ACTUAL> 7.95 <LOANS-NON> 17,284 <LOANS-PAST> 14,451 <LOANS-TROUBLED> 1,978 <LOANS-PROBLEM> 33,739 <ALLOWANCE-OPEN> 68,064 <CHARGE-OFFS> 6,041 <RECOVERIES> 1,010 <ALLOWANCE-CLOSE> 67,117 <ALLOWANCE-DOMESTIC> 67,117 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0