<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 2,191 <SECURITIES> 736,310 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 229,672 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 968,173 <CURRENT-LIABILITIES> 405,204 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 40,000 <COMMON> 23 <OTHER-SE> 522,946 <TOTAL-LIABILITY-AND-EQUITY> 968,173 <SALES> 0 <TOTAL-REVENUES> 332,966 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 75,119 <LOSS-PROVISION> 132,023 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 125,824 <INCOME-TAX> 34,770 <INCOME-CONTINUING> 91,054 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 91,054 <EPS-PRIMARY> 3.87 <EPS-DILUTED> 3.72