<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1996 <CASH> 400,694 <SECURITIES> 1,888,476 <RECEIVABLES> 1,272 <ALLOWANCES> 81,026 <INVENTORY> 0 <CURRENT-ASSETS> 2,289,170 <PP&E> 335,299 <DEPRECIATION> 117,743 <TOTAL-ASSETS> 7,631,287 <CURRENT-LIABILITIES> 6,632,271 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 11,449 <OTHER-SE> 572,834 <TOTAL-LIABILITY-AND-EQUITY> 7,631,287 <SALES> 262,270 <TOTAL-REVENUES> 311,415 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 131,548 <LOSS-PROVISION> 1,144 <INTEREST-EXPENSE> 123,908 <INCOME-PRETAX> 52,160 <INCOME-TAX> 18,949 <INCOME-CONTINUING> 33,211 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 33,211 <EPS-PRIMARY> 2.95 <EPS-DILUTED> 2.95