<ARTICLE> BD
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>

                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-END>                               SEP-30-2000
<CASH>                                       4,378,289
<RECEIVABLES>                               19,527,853
<SECURITIES-RESALE>                         23,989,989
<SECURITIES-BORROWED>                       24,416,328
<INSTRUMENTS-OWNED>                         28,081,715
<PP&E>                                         721,800
<TOTAL-ASSETS>                             103,750,740
<SHORT-TERM>                                   855,854
<PAYABLES>                                  15,330,644
<REPOS-SOLD>                                47,735,546
<SECURITIES-LOANED>                         11,746,859
<INSTRUMENTS-SOLD>                          10,957,000
<LONG-TERM>                                  7,748,227
<PREFERRED-MANDATORY>                          200,000
<PREFERRED>                                    175,000
<COMMON>                                        14,055
<OTHER-SE>                                   4,529,394
<TOTAL-LIABILITY-AND-EQUITY>               103,750,740
<TRADING-REVENUE>                              776,771
<INTEREST-DIVIDENDS>                         2,813,222
<COMMISSIONS>                                1,145,958
<INVESTMENT-BANKING-REVENUES>                1,347,070
<FEE-REVENUE>                                  114,522
<INTEREST-EXPENSE>                           2,144,566
<COMPENSATION>                               2,729,082
<INCOME-PRETAX>                                725,700
<INCOME-PRE-EXTRAORDINARY>                     457,200
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   457,200
<EPS-BASIC>                                       3.43
<EPS-DILUTED>                                     3.15