<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 428,612 <SECURITIES> 2,005,645 <RECEIVABLES> 2,259 <ALLOWANCES> 80,433 <INVENTORY> 0 <CURRENT-ASSETS> 2,434,257 <PP&E> 328,146 <DEPRECIATION> 114,314 <TOTAL-ASSETS> 7,736,162 <CURRENT-LIABILITIES> 6,743,913 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 11,428 <OTHER-SE> 558,830 <TOTAL-LIABILITY-AND-EQUITY> 7,736,162 <SALES> 129,568 <TOTAL-REVENUES> 153,453 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 63,285 <LOSS-PROVISION> 1,544 <INTEREST-EXPENSE> 62,424 <INCOME-PRETAX> 26,200 <INCOME-TAX> 9,374 <INCOME-CONTINUING> 16,826 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 16,826 <EPS-PRIMARY> 1.52 <EPS-DILUTED> 1.52