<ARTICLE>                     5
<LEGEND>
Basic earnings per share are $0.64.  Diluted earnings per share are $0.62.
</LEGEND>
<MULTIPLIER>                                   1,000

                                         
<PERIOD-TYPE>                                12-mos
<FISCAL-YEAR-END>                            DEC-31-1999
<PERIOD-END>                                 DEC-31-1999
<CASH>                                       336,282
<SECURITIES>                                 2,153,443
<RECEIVABLES>                                47,258
<ALLOWANCES>                                 0
<INVENTORY>                                  0
<CURRENT-ASSETS>                             398,458
<PP&E>                                       266
<DEPRECIATION>                               0
<TOTAL-ASSETS>                               2,590,410
<CURRENT-LIABILITIES>                        1,746,346
<BONDS>                                      750,337
<PREFERRED-MANDATORY>                        0
<PREFERRED>                                  0
<COMMON>                                     10,902
<OTHER-SE>                                   76,241
<TOTAL-LIABILITY-AND-EQUITY>                 2,590,410
<SALES>                                      147,993
<TOTAL-REVENUES>                             147,993
<CGS>                                        0
<TOTAL-COSTS>                                0
<OTHER-EXPENSES>                             11,983
<LOSS-PROVISION>                             3,672
<INTEREST-EXPENSE>                           125,419
<INCOME-PRETAX>                              10,591
<INCOME-TAX>                                 3,670
<INCOME-CONTINUING>                          6,921
<DISCONTINUED>                               0
<EXTRAORDINARY>                              0
<CHANGES>                                    0
<NET-INCOME>                                 6,921
<EPS-BASIC>                                  0.64
<EPS-DILUTED>                                0.62