<ARTICLE>                     5
<LEGEND>
Basic earnings per share are $0.44.  Diluted earnings per share are $0.43.
</LEGEND>

<MULTIPLIER>                                   1,000

                                         
<PERIOD-TYPE>                                6-mos
<FISCAL-YEAR-END>                            DEC-31-2000
<PERIOD-END>                                 JUN-30-2000
<CASH>                                       372,458
<SECURITIES>                                 2,250,240
<RECEIVABLES>                                46,594
<ALLOWANCES>                                 0
<INVENTORY>                                  0
<CURRENT-ASSETS>                             434,366
<PP&E>                                       253
<DEPRECIATION>                               0
<TOTAL-ASSETS>                               2,703,320
<CURRENT-LIABILITIES>                        1,859,642
<BONDS>                                      741,251
<PREFERRED-MANDATORY>                        0
<PREFERRED>                                  0
<COMMON>                                     11,118
<OTHER-SE>                                   82,351
<TOTAL-LIABILITY-AND-EQUITY>                 2,703,320
<SALES>                                      0
<TOTAL-REVENUES>                             88,485
<CGS>                                        0
<TOTAL-COSTS>                                0
<OTHER-EXPENSES>                             6,880
<LOSS-PROVISION>                             2,374
<INTEREST-EXPENSE>                           82,976
<INCOME-PRETAX>                              7,489
<INCOME-TAX>                                 2,659
<INCOME-CONTINUING>                          4,830
<DISCONTINUED>                               0
<EXTRAORDINARY>                              0
<CHANGES>                                    0
<NET-INCOME>                                 4,830
<EPS-BASIC>                                  0.44
<EPS-DILUTED>                                0.43