<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CURRENT
REPORT ON FORM 10-Q FOR THE QUARTER ENDED JUNE 30, 1997 AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS AND ACCOMPANYING
DISCLOSURES.
</LEGEND>
<RESTATED> 
<MULTIPLIER> 1,000,000
<CURRENCY> US DOLLARS
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               JUN-30-1997
<EXCHANGE-RATE>                                      1
<CASH>                                             752
<INT-BEARING-DEPOSITS>                           2,054
<FED-FUNDS-SOLD>                                36,425<F1>
<TRADING-ASSETS>                               105,825
<INVESTMENTS-HELD-FOR-SALE>                     25,775
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                         29,294
<ALLOWANCE>                                        560
<TOTAL-ASSETS>                                 250,490
<DEPOSITS>                                      56,977
<SHORT-TERM>                                    91,368<F2>
<LIABILITIES-OTHER>                             71,785<F3>
<LONG-TERM>                                     19,011
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                        694
<COMMON>                                           502
<OTHER-SE>                                      10,152
<TOTAL-LIABILITIES-AND-EQUITY>                 250,490
<INTEREST-LOAN>                                    959
<INTEREST-INVEST>                                  799
<INTEREST-OTHER>                                 4,163
<INTEREST-TOTAL>                                 5,921
<INTEREST-DEPOSIT>                               1,333
<INTEREST-EXPENSE>                               4,976
<INTEREST-INCOME-NET>                              945
<LOAN-LOSSES>                                        0
<SECURITIES-GAINS>                                 175<F4>
<EXPENSE-OTHER>                                  2,432<F5>
<INCOME-PRETAX>                                  1,192
<INCOME-PRE-EXTRAORDINARY>                         798
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       798
<EPS-PRIMARY>                                     4.17<F6>
<EPS-DILUTED>                                     3.89<F6>
<YIELD-ACTUAL>                                    1.03
<LOANS-NON>                                        108<F7>
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 1,116<F8>
<CHARGE-OFFS>                                       28<F8>
<RECOVERIES>                                        22<F8>
<ALLOWANCE-CLOSE>                                1,110<F8>
<ALLOWANCE-DOMESTIC>                               137<F8>
<ALLOWANCE-FOREIGN>                                 54<F8>
<ALLOWANCE-UNALLOCATED>                            919<F8>
<FN>
<F1>INCLUDES SECURITIES PURCHASED UNDER AGREEMENTS TO RESELL AND/OR FEDERAL FUNDS
SOLD.
<F2>INCLUDES SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND FEDERAL FUNDS
PURCHASED, COMMERCIAL PAPER, AND OTHER LIABILITIES FOR BORROWED MONEY.
<F3>INCLUDES TRADING ACCOUNT LIABILITIES, ACCOUNTS PAYABLE AND ACCRUED EXPENSES,
OTHER LIABILITIES, AND COMPANY-OBLIGATED MANDATORILY REDEEMABLE PREFERRED
SECURITIES OF SUBSIDIARIES.
<F4>INCLUDES GAINS AND LOSSES ON DEBT AND EQUITY INVESTMENTS SECURITIES,
OTHER-THAN-TEMPORARY IMPAIRMENTS OR WRITE-DOWNS IN VALUE, AND RELATED DIVIDEND
INCOME.
<F5>INCLUDES EMPLOYEE COMPENSATION AND BENEFITS, NET OCCUPANCY, TECHNOLOGY AND
COMMUNICATION, AND OTHER EXPENSES.
<F6>RESTATED TO REFLECT THE ADOPTION OF STATEMENT OF FINANCIAL ACCOUNTING
STANDARDS NO. 128, EARNINGS PER SHARE (SFAS NO.128). PRIMARY EPS REPRESENTS 
BASIC EPS UNDER SFAS NO. 128, EARNINGS PER SHARE.
<F7>INCLUDES NONPERFORMING LOANS AND OTHER NONPERFORMING ASSETS.
<F8>AMOUNTS RELATE TO THE FIRM'S AGGREGATE ALLOWANCE FOR CREDIT LOSSES.
</FN>