<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1995 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               SEP-30-1995
<CASH>                                          82,654
<SECURITIES>                                 1,020,825
<RECEIVABLES>                                  142,790
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             1,293,719
<PP&E>                                         131,623
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               2,100,567
<CURRENT-LIABILITIES>                        1,168,612
<BONDS>                                              0
<COMMON>                                           449
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                     524,556
<TOTAL-LIABILITY-AND-EQUITY>                 2,100,567
<SALES>                                              0
<TOTAL-REVENUES>                               507,571
<CGS>                                                0
<TOTAL-COSTS>                                  427,554
<OTHER-EXPENSES>                                 5,745
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              12,687
<INCOME-PRETAX>                                 61,585
<INCOME-TAX>                                    25,250
<INCOME-CONTINUING>                             36,335
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    36,335
<EPS-PRIMARY>                                      .84
<EPS-DILUTED>                                      .84