<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE 
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL CONDITION AS OF JUNE 30, 1996 
(UNAUDITED) AND THE CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS FOR THE SIX
MONTHS ENDED JUNE 30, 1996 (UNAUDITED) AND IS QUALIFIED IN ITS ENTIRETY BY 
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<CURRENCY> US DOLLARS
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                              JAN-1-1997
<PERIOD-END>                               JUN-30-1997
<EXCHANGE-RATE>                                      1
<CASH>                                          17,026
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                               162,586
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                  1,955,046
<INVESTMENTS-CARRYING>                       2,167,309
<INVESTMENTS-MARKET>                         2,158,036
<LOANS>                                      3,085,322
<ALLOWANCE>                                     14,927
<TOTAL-ASSETS>                               7,664,495
<DEPOSITS>                                   4,545,241
<SHORT-TERM>                                   525,577
<LIABILITIES-OTHER>                             73,470
<LONG-TERM>                                  1,920,440
<PREFERRED-MANDATORY>                              264
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                     599,503
<TOTAL-LIABILITIES-AND-EQUITY>               7,664,495
<INTEREST-LOAN>                                112,235
<INTEREST-INVEST>                              152,250
<INTEREST-OTHER>                                     0
<INTEREST-TOTAL>                               264,485
<INTEREST-DEPOSIT>                              96,494
<INTEREST-EXPENSE>                             165,584
<INTEREST-INCOME-NET>                           98,901
<LOAN-LOSSES>                                    1,914
<SECURITIES-GAINS>                               1,516
<EXPENSE-OTHER>                                 52,105
<INCOME-PRETAX>                                 52,532
<INCOME-PRE-EXTRAORDINARY>                      30,641
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    30,641
<EPS-PRIMARY>                                     1.45
<EPS-DILUTED>                                     1.44
<YIELD-ACTUAL>                                    2.70
<LOANS-NON>                                     23,871
<LOANS-PAST>                                     4,980
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                  4,683
<ALLOWANCE-OPEN>                                14,089
<CHARGE-OFFS>                                    1,934
<RECOVERIES>                                       859
<ALLOWANCE-CLOSE>                               14,927
<ALLOWANCE-DOMESTIC>                            14,927
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0