<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE 1996
ANNUAL REPORT TO SHAREHOLDERS 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>                               DEC-31-1996
<CASH>                                          80,833
<SECURITIES>                                   970,553
<RECEIVABLES>                                  160,747
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             1,266,487
<PP&E>                                         304,835
<DEPRECIATION>                                 161,174
<TOTAL-ASSETS>                               1,908,519
<CURRENT-LIABILITIES>                        1,128,385
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           453
<OTHER-SE>                                     506,817
<TOTAL-LIABILITY-AND-EQUITY>                 1,908,519
<SALES>                                              0
<TOTAL-REVENUES>                               798,268
<CGS>                                                0
<TOTAL-COSTS>                                  649,916
<OTHER-EXPENSES>                                24,715
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              19,088
<INCOME-PRETAX>                                104,549
<INCOME-TAX>                                    42,865
<INCOME-CONTINUING>                             61,684
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    61,684
<EPS-PRIMARY>                                     1.34
<EPS-DILUTED>                                     1.34