<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, 1996, August 31, 1996 (Unaudited), May 31, 1996 (Unaudited) and February 29, 1996 (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-30-1996 NOV-30-1996 NOV-30-1996 NOV-30-1996 <PERIOD-START> DEC-01-1995 DEC-01-1995 DEC-01-1995 DEC-01-1995 <PERIOD-END> NOV-30-1996 AUG-31-1996 MAY-31-1996 FEB-29-1996 <CASH> 2,837 2,350 2,094 2,213 <RECEIVABLES> 9,944 10,457 11,756 10,107 <SECURITIES-RESALE> 32,340 35,450 43,861 44,094 <SECURITIES-BORROWED> 20,651 24,350 19,295 12,159 <INSTRUMENTS-OWNED> 61,453 51,627 55,284 58,687 <PP&E> 477 473 473 478 <TOTAL-ASSETS> 128,596 125,666 133,725 128,702 <SHORT-TERM> 8,202 7,130 8,004 6,996 <PAYABLES> 8,586 11,412 10,547 9,442 <REPOS-SOLD> 56,119 57,415 65,332 65,627 <SECURITIES-LOANED> 6,296 6,682 4,250 3,872 <INSTRUMENTS-SOLD> 26,364 22,101 25,712 23,485 <LONG-TERM> 15,922 14,214 13,569 13,471 <PREFERRED-MANDATORY> 0 0 0 0 <PREFERRED> 508 508 508 508 <COMMON> 11 11 11 11 <OTHER-SE> 3,355 3,222 3,047 3,004 <TOTAL-LIABILITY-AND-EQUITY> 128,596 125,666 133,725 128,702 <TRADING-REVENUE> 1,579 1,114 811 413 <INTEREST-DIVIDENDS> 11,298 8,369 5,405 2,656 <COMMISSIONS> 362 267 190 96 <INVESTMENT-BANKING-REVENUES> 981 671 433 211 <FEE-REVENUE> 0 0 0 0 <INTEREST-EXPENSE> 10,816 8,072 5,208 2,565 <COMPENSATION> 1,747 1,205 839 416 <INCOME-PRETAX> 637 442 327 159 <INCOME-PRE-EXTRAORDINARY> 416 289 212 104 <EXTRAORDINARY> 0 0 0 0 <CHANGES> 0 0 0 0 <NET-INCOME> 416 289 212 104 <EPS-PRIMARY> 3.27 2.30 1.70 0.80 <EPS-DILUTED> 3.24 2.27 1.68 0.79