WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

  

<ARTICLE>  5
<MULTIPLIER>  1,000
       
	                          					
<PERIOD-TYPE>                                    9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                              SEPT-30-1996
<CASH>                                          22,910
<SECURITIES>                                   165,645
<RECEIVABLES>                                    5,190
[ALLOWANCE]                                      6,272
<INVENTORY>                                          0
<CURRENT-ASSETS>                               188,555
<PP&E>                                          20,001
<DEPRECIATION>                                   5,991
<TOTAL-ASSETS>                                 535,840
<CURRENT-LIABILITIES>                          489,294
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>					                                 2,569
<COMMON>                                           600
<OTHER-SE>                                      38,356
<TOTAL-LIABILITY-AND-EQUITY                    535,840
<SALES>                                         27,307
<TOTAL-REVENUES>                                30,389
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                13,390
<LOSS-PROVISION>                                    80
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<INCOME-TAX>                                     1,091
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<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     2,691
<EPS-PRIMARY>                                    19.91
<EPS-DILUTED>                                    19.91