<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CURRENT
REPORT ON FROM 10-Q FOR THE QUARTER ENDED MARCH 31, 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>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               MAR-31-1997
<EXCHANGE-RATE>                                      1
<CASH>                                           1,174
<INT-BEARING-DEPOSITS>                           1,955
<FED-FUNDS-SOLD>                                35,108<F1>
<TRADING-ASSETS>                                89,417
<INVESTMENTS-HELD-FOR-SALE>                     24,388
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                         29,453
<ALLOWANCE>                                        563
<TOTAL-ASSETS>                                 226,382
<DEPOSITS>                                      53,571
<SHORT-TERM>                                    84,126<F2>
<LIABILITIES-OTHER>                             62,556<F3>
<LONG-TERM>                                     14,973
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                        694
<COMMON>                                           502
<OTHER-SE>                                       9,960
<TOTAL-LIABILITIES-AND-EQUITY>                 226,382
<INTEREST-LOAN>                                    465
<INTEREST-INVEST>                                  412
<INTEREST-OTHER>                                 2,015
<INTEREST-TOTAL>                                 2,892
<INTEREST-DEPOSIT>                                 663
<INTEREST-EXPENSE>                               2,442
<INTEREST-INCOME-NET>                              450
<LOAN-LOSSES>                                        0
<SECURITIES-GAINS>                                  61<F4>
<EXPENSE-OTHER>                                  1,191<F5>
<INCOME-PRETAX>                                    642
<INCOME-PRE-EXTRAORDINARY>                         424
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       424
<EPS-PRIMARY>                                     2.19<F6>
<EPS-DILUTED>                                     2.04<F6>
<YIELD-ACTUAL>                                    1.01
<LOANS-NON>                                        110<F7>
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 1,116<F8>
<CHARGE-OFFS>                                       13<F8>
<RECOVERIES>                                        10<F8>
<ALLOWANCE-CLOSE>                                1,113<F8>
<ALLOWANCE-DOMESTIC>                               163<F8>
<ALLOWANCE-FOREIGN>                                 56<F8>
<ALLOWANCE-UNALLOCATED>                            894<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 FINDS
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 INVESTMENT SECURITIES,
OTHER-THAN-TEMPORARY IMPAIRMENTS OR WRITE-DOWNS IN VALUE, AND RELATED DIVIDEND
INCOME.
<F5>INCLUDES EMPLOYEE COMPENSATION AND BENEFITS, NET OCCUPANCY, TECHNOLOGY AND
COMMUNICATIONS, 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>