<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q
FOR THE QUARTER ENDED MARCH 31, 1995 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               MAR-31-1995
<CASH>                                          30,626
<SECURITIES>                                   714,641
<RECEIVABLES>                                  117,837
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               898,955
<PP&E>                                         121,004
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               1,337,245
<CURRENT-LIABILITIES>                          808,613
<BONDS>                                              0
<COMMON>                                           393
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                     361,937
<TOTAL-LIABILITY-AND-EQUITY>                 1,337,245
<SALES>                                              0
<TOTAL-REVENUES>                               152,605
<CGS>                                                0
<TOTAL-COSTS>                                  132,066
<OTHER-EXPENSES>                                 1,097
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               1,731
<INCOME-PRETAX>                                 17,711
<INCOME-TAX>                                     7,262
<INCOME-CONTINUING>                             10,449
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    10,449
<EPS-PRIMARY>                                      .26
<EPS-DILUTED>                                      .26