<ARTICLE>                                          5
<LEGEND>
This  schedule  contains  summary  financial   information  extracted  from  the
September  1997 10-Q and is  qualified  in its  entirety  by  reference  to such
information.
</LEGEND>
<MULTIPLIER>                                                  1000
       
                                                  
<PERIOD-TYPE>                                      9-mos
<FISCAL-YEAR-END>                                  DEC-31-1997
<PERIOD-END>                                       SEP-30-1997
<CASH>                                                      72,236
<SECURITIES>                                               973,659
<RECEIVABLES>                                              169,036
<ALLOWANCES>                                                     0
<INVENTORY>                                                      0
<CURRENT-ASSETS>                                         2,336,912
<PP&E>                                                     146,558
<DEPRECIATION>                                                   0
<TOTAL-ASSETS>                                           3,103,644
<CURRENT-LIABILITIES>                                    2,205,940
<BONDS>                                                          0
<PREFERRED-MANDATORY>                                            0
<PREFERRED>                                                      0
<COMMON>                                                       524
<OTHER-SE>                                                 684,573
<TOTAL-LIABILITY-AND-EQUITY>                             3,103,644
<SALES>                                                          0
<TOTAL-REVENUES>                                           704,960
<CGS>                                                            0
<TOTAL-COSTS>                                              573,933
<OTHER-EXPENSES>                                             8,589
<LOSS-PROVISION>                                                 0
<INTEREST-EXPENSE>                                           9,529
<INCOME-PRETAX>                                            112,909
<INCOME-TAX>                                                46,293
<INCOME-CONTINUING>                                         66,616
<DISCONTINUED>                                                   0
<EXTRAORDINARY>                                                  0
<CHANGES>                                                        0
<NET-INCOME>                                                66,616
<EPS-PRIMARY>                                                    1.25
<EPS-DILUTED>                                                    1.25