<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CURRENT
REPORT ON FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 1996 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>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               DEC-31-1996
<EXCHANGE-RATE>                                      1
<CASH>                                             906
<INT-BEARING-DEPOSITS>                           1,908
<FED-FUNDS-SOLD>                                32,505<F1>
<TRADING-ASSETS>                                90,980
<INVESTMENTS-HELD-FOR-SALE>                     25,707
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                         28,120
<ALLOWANCE>                                        566
<TOTAL-ASSETS>                                 222,026
<DEPOSITS>                                      52,724
<SHORT-TERM>                                    85,509<F2>
<LIABILITIES-OTHER>                             59,258<F3>
<LONG-TERM>                                     13,103
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                        694
<COMMON>                                           502
<OTHER-SE>                                      10,236
<TOTAL-LIABILITIES-AND-EQUITY>                 222,026
<INTEREST-LOAN>                                  1,776
<INTEREST-INVEST>                                1,601
<INTEREST-OTHER>                                 7,336
<INTEREST-TOTAL>                                10,713
<INTEREST-DEPOSIT>                               2,541
<INTEREST-EXPENSE>                               9,011
<INTEREST-INCOME-NET>                            1,702
<LOAN-LOSSES>                                        0
<SECURITIES-GAINS>                                 303<F4>
<EXPENSE-OTHER>                                  4,523<F5>
<INCOME-PRETAX>                                  2,332
<INCOME-PRE-EXTRAORDINARY>                       1,574
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     1,574
<EPS-PRIMARY>                                     8.11<F6>
<EPS-DILUTED>                                     7.63<F6>
<YIELD-ACTUAL>                                    1.04
<LOANS-NON>                                        120
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 1,130<F7>
<CHARGE-OFFS>                                       39<F7>
<RECOVERIES>                                        25<F7>
<ALLOWANCE-CLOSE>                                1,116<F7>
<ALLOWANCE-DOMESTIC>                               169<F7>
<ALLOWANCE-FOREIGN>                                 80<F7>
<ALLOWANCE-UNALLOCATED>                            867<F7>
<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 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>AMOUNTS RELATE TO THE FIRM'S AGGREGATE ALLOWANCE FOR CREDIT LOSSES.
</FN>