<ARTICLE> BD <LEGEND> These schedules contain summary restated financial information derived from Holdings' Consolidated Statements of Financial Condition at, and Consolidated Statements of Income for the respective periods ended, November 30, 1997, August 31, 1997 (Unaudited), May 31, 1997 (Unaudited) and February 28, 1997 (Unaudited) and are qualified in their entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000,000 <RESTATED> <PERIOD-TYPE> YEAR 9-MOS 6-MOS 3-MOS <FISCAL-YEAR-END> NOV-30-1997 NOV-30-1997 NOV-30-1997 NOV-30-1997 <PERIOD-START> DEC-01-1996 DEC-01-1996 DEC-01-1996 DEC-01-1996 <PERIOD-END> NOV-30-1997 AUG-31-1997 MAY-31-1997 FEB-28-1997 <CASH> 2,834 2,227 3,468 3,547 <RECEIVABLES> 12,838 13,020 9,778 11,879 <SECURITIES-RESALE> 43,606 43,268 40,093 35,019 <SECURITIES-BORROWED> 14,146 16,282 22,085 27,695 <INSTRUMENTS-OWNED> 76,862 71,683 68,309 69,922 <PP&E> 468 468 467 468 <TOTAL-ASSETS> 151,705 147,894 145,118 149,493 <SHORT-TERM> 7,818 8,606 11,089 8,177 <PAYABLES> 13,857 13,598 9,978 9,409 <REPOS-SOLD> 63,204 57,802 57,179 67,221 <SECURITIES-LOANED> 7,846 8,734 6,904 9,279 <INSTRUMENTS-SOLD> 30,080 32,312 34,291 31,151 <LONG-TERM> 20,261 18,904 17,945 17,296 <PREFERRED-MANDATORY> 0 0 0 0 <PREFERRED> 508 508 508 508 <COMMON> 12 11 11 11 <OTHER-SE> 4,003 3,784 3,619 3,493 <TOTAL-LIABILITY-AND-EQUITY> 151,705 147,894 145,118 149,493 <TRADING-REVENUE> 1,418 1,061 672 346 <INTEREST-DIVIDENDS> 13,635 9,931 6,377 3,278 <COMMISSIONS> 423 299 188 97 <INVESTMENT-BANKING-REVENUES> 1,318 910 514 240 <FEE-REVENUE> 0 0 0 0 <INTEREST-EXPENSE> 13,010 9,424 6,026 3,074 <COMPENSATION> 1,964 1,445 902 469 <INCOME-PRETAX> 937 672 391 219 <INCOME-PRE-EXTRAORDINARY> 647 462 265 144 <EXTRAORDINARY> 0 0 0 0 <CHANGES> 0 0 0 0 <NET-INCOME> 647 462 265 144 <EPS-PRIMARY> 4.84 3.49 2.15 1.18 <EPS-DILUTED> 4.72 3.41 2.11 1.16