<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE MARCH 1996 FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH INFORMATION. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 48,893 <SECURITIES> 1,067,112 <RECEIVABLES> 156,809 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,339,717 <PP&E> 148,236 <DEPRECIATION> 0 <TOTAL-ASSETS> 2,004,329 <CURRENT-LIABILITIES> 1,190,773 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 450 <OTHER-SE> 448,799 <TOTAL-LIABILITY-AND-EQUITY> 2,004,329 <SALES> 0 <TOTAL-REVENUES> 194,710 <CGS> 0 <TOTAL-COSTS> 159,684 <OTHER-EXPENSES> 4,521 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 5,655 <INCOME-PRETAX> 24,850 <INCOME-TAX> 10,189 <INCOME-CONTINUING> 14,661 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 14,661 <EPS-PRIMARY> .32 <EPS-DILUTED> .32