<ARTICLE> 9 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CURRENT REPORT ON FORM 10-Q FOR THE SIX MONTHS ENDED JUNE 30, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS AND ACCOMPANYING DISCLOSURES. </LEGEND> <MULTIPLIER> 1,000,000 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <EXCHANGE-RATE> 1 <CASH> 1,522 <INT-BEARING-DEPOSITS> 2,804 <FED-FUNDS-SOLD> 36,537<F1> <TRADING-ASSETS> 123,475 <INVESTMENTS-HELD-FOR-SALE> 24,190 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 31,029 <ALLOWANCE> 392 <TOTAL-ASSETS> 280,777 <DEPOSITS> 57,026 <SHORT-TERM> 99,417<F2> <LIABILITIES-OTHER> 86,638<F3> <LONG-TERM> 25,980 <PREFERRED-MANDATORY> 0 <PREFERRED> 694 <COMMON> 502 <OTHER-SE> 10,520 <TOTAL-LIABILITIES-AND-EQUITY> 280,777 <INTEREST-LOAN> 1,090 <INTEREST-INVEST> 706 <INTEREST-OTHER> 4,572 <INTEREST-TOTAL> 6,368 <INTEREST-DEPOSIT> 1,493 <INTEREST-EXPENSE> 5,742 <INTEREST-INCOME-NET> 626 <LOAN-LOSSES> 0 <SECURITIES-GAINS> 111<F4> <EXPENSE-OTHER> 3,048<F5> <INCOME-PRETAX> 1,102 <INCOME-PRE-EXTRAORDINARY> 718 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 718 <EPS-PRIMARY> 3.82<F6> <EPS-DILUTED> 3.51<F6> <YIELD-ACTUAL> .63 <LOANS-NON> 588<F7> <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 1,081<F8> <CHARGE-OFFS> 192<F8> <RECOVERIES> 15<F8> <ALLOWANCE-CLOSE> 904<F8> <ALLOWANCE-DOMESTIC> 25<F8> <ALLOWANCE-FOREIGN> 238<F8> <ALLOWANCE-UNALLOCATED> 641<F8> <FN> <F1>INCLUDES SECURITIES PURCHASED UNDER AGREEMENTS TO RESELL <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 ACCURED 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>PRIMARY EPS REPRESENTS BASIC EPS UNDER STATEMENT OF FINANCIAL ACCOUNTING STANDARDS 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>