<ARTICLE> BD <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> AUG-31-1995 <PERIOD-END> AUG-31-1995 <CASH> 13090043 <RECEIVABLES> 379550058 <SECURITIES-RESALE> 0 <SECURITIES-BORROWED> 7522900 <INSTRUMENTS-OWNED> 146516037 <PP&E> 6716497 <TOTAL-ASSETS> 665612983 <SHORT-TERM> 39682966 <PAYABLES> 171986045 <REPOS-SOLD> 0 <SECURITIES-LOANED> 107683494 <INSTRUMENTS-SOLD> 0 <LONG-TERM> 48500000 <COMMON> 116947 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 67605468 <TOTAL-LIABILITY-AND-EQUITY> 665612983 <TRADING-REVENUE> 0 <INTEREST-DIVIDENDS> 28169208 <COMMISSIONS> 103450001 <INVESTMENT-BANKING-REVENUES> 0 <FEE-REVENUE> 9786638 <INTEREST-EXPENSE> 11805775 <COMPENSATION> 43206540 <INCOME-PRETAX> 33447304 <INCOME-PRE-EXTRAORDINARY> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 19357226 <EPS-PRIMARY> 1.68 <EPS-DILUTED> 1.54