<ARTICLE> 9 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM 3/31/96 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 44,935 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 2,154,555 <INVESTMENTS-CARRYING> 1,065,074 <INVESTMENTS-MARKET> 0 <LOANS> 114,323 <ALLOWANCE> 0 <TOTAL-ASSETS> 3,378,887 <DEPOSITS> 0 <SHORT-TERM> 41,023 <LIABILITIES-OTHER> 12,373 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 3,325,491 <TOTAL-LIABILITIES-AND-EQUITY> 3,378,887 <INTEREST-LOAN> 0 <INTEREST-INVEST> 41,781 <INTEREST-OTHER> 45,465 <INTEREST-TOTAL> 0 <INTEREST-DEPOSIT> 0 <INTEREST-EXPENSE> 0 <INTEREST-INCOME-NET> 0 <LOAN-LOSSES> 0 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 18,159 <INCOME-PRETAX> 0 <INCOME-PRE-EXTRAORDINARY> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 69,087 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <YIELD-ACTUAL> 0 <LOANS-NON> 0 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 0 <CHARGE-OFFS> 0 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 0 <ALLOWANCE-DOMESTIC> 0 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0