<ARTICLE>                     5             
<MULTIPLIER>                                  1,000
<CURRENCY>                                  Dollars
<EXCHANGE-RATE>                                   1 
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                         DEC-31-1996         
<PERIOD-START>                            JAN-01-1996    
<PERIOD-END>                              JUN-30-1996
<CASH>                                        146,907     
<SECURITIES>                                3,059,294     
<RECEIVABLES>                               5,736,373     
<ALLOWANCES>                                  (34,620)    
<INVENTORY>                                         0     
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<PP&E>                                        103,714     
<DEPRECIATION>                                (47,863)    
<TOTAL-ASSETS>                              9,183,447     
<CURRENT-LIABILITIES>                       8,721,981     
<BONDS>                                             0     
<PREFERRED-MANDATORY>                               0     
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<COMMON>                                      245,377     
<OTHER-SE>                                    119,643     
<TOTAL-LIABILITY-AND-EQUITY>                9,183,447     
<SALES>                                             0     
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<CGS>                                               0     
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<INCOME-TAX>                                   19,905     
<INCOME-CONTINUING>                                 0     
<DISCONTINUED>                                      0     
<EXTRAORDINARY>                                     0     
<CHANGES>                                           0     
<NET-INCOME>                                   32,476     
<EPS-PRIMARY>                                     .55     
<EPS-DILUTED>                                     .55