<ARTICLE> 9 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1999 <CASH> 196,974 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 530,737 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 435,227 <INVESTMENTS-CARRYING> 9,103,506 <INVESTMENTS-MARKET> 9,368,819 <LOANS> 26,020,901 <ALLOWANCE> 236,476 <TOTAL-ASSETS> 38,666,093 <DEPOSITS> 26,395,440 <SHORT-TERM> 737,833 <LIABILITIES-OTHER> 915,660 <LONG-TERM> 7,456,372 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 5,631 <OTHER-SE> 3,155,157 <TOTAL-LIABILITIES-AND-EQUITY> 38,666,093 <INTEREST-LOAN> 476,244 <INTEREST-INVEST> 49,966 <INTEREST-OTHER> 168,751 <INTEREST-TOTAL> 694,961 <INTEREST-DEPOSIT> 307,567 <INTEREST-EXPENSE> 444,260 <INTEREST-INCOME-NET> 250,701 <LOAN-LOSSES> 574 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 93,046 <INCOME-PRETAX> 192,380 <INCOME-PRE-EXTRAORDINARY> 120,368 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 120,368 <EPS-PRIMARY> 2.13 <EPS-DILUTED> 2.11 <YIELD-ACTUAL> 7.14 <LOANS-NON> 252,043 <LOANS-PAST> 0 <LOANS-TROUBLED> 16,575 <LOANS-PROBLEM> 75,747 <ALLOWANCE-OPEN> 244,466 <CHARGE-OFFS> 0 <RECOVERIES> 1,186 <ALLOWANCE-CLOSE> 236,476 <ALLOWANCE-DOMESTIC> 236,476 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0