<ARTICLE> 9 
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CURRENT
REPORT ON FORM 10-Q FOR THE NINE MONTHS ENDED SEPTEMBER 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>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               SEP-30-1998
<EXCHANGE-RATE>                                      1
<CASH>                                           3,405
<INT-BEARING-DEPOSITS>                           1,529
<FED-FUNDS-SOLD>                                42,985<F1>
<TRADING-ASSETS>                               128,746
<INVESTMENTS-HELD-FOR-SALE>                     26,037
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                         30,291
<ALLOWANCE>                                        404
<TOTAL-ASSETS>                                 298,514
<DEPOSITS>                                      54,352
<SHORT-TERM>                                   109,460<F2>
<LIABILITIES-OTHER>                             95,284<F3>
<LONG-TERM>                                     27,899
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                        694
<COMMON>                                           502
<OTHER-SE>                                      10,323
<TOTAL-LIABILITIES-AND-EQUITY>                 298,514
<INTEREST-LOAN>                                  1,618
<INTEREST-INVEST>                                1,027
<INTEREST-OTHER>                                 6,972
<INTEREST-TOTAL>                                 9,617
<INTEREST-DEPOSIT>                               2,138
<INTEREST-EXPENSE>                               8,659
<INTEREST-INCOME-NET>                              958
<LOAN-LOSSES>                                       75<F4>
<SECURITIES-GAINS>                                 247<F5>
<EXPENSE-OTHER>                                  4,147<F6>
<INCOME-PRETAX>                                  1,304
<INCOME-PRE-EXTRAORDINARY>                         874
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       874
<EPS-PRIMARY>                                     4.65<F7>
<EPS-DILUTED>                                     4.28<F7>
<YIELD-ACTUAL>                                    0.65
<LOANS-NON>                                        593<F8>
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 1,081<F9>
<CHARGE-OFFS>                                      261<F9>
<RECOVERIES>                                        19<F9>
<ALLOWANCE-CLOSE>                                  914<F9>
<ALLOWANCE-DOMESTIC>                                38<F9>
<ALLOWANCE-FOREIGN>                                229<F9>
<ALLOWANCE-UNALLOCATED>                            647<F9>
<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>$50 MILLION OF THE PROVISION FOR CREDIT LOSSES RELATE TO TRADING ACCOUNT 
ASSETS AND THE REMAINING $25 MILLION RELATE TO LOANS.
<F5>INCLUDES GAINS AND LOSSES ON DEBT AND EQUITY INVESTMENT SECURITIES,
OTHER-THAN-TEMPORARY IMPAIRMENTS OR WRITE-DOWNS IN VALUE, AND RELATED DIVIDEND
INCOME.
<F6>INCLUDES EMPLOYEE COMPENSATION AND BENEFITS, NET OCCUPANCY, TECHNOLOGY AND
COMMUNICATIONS, AND OTHER EXPENSES.
<F7>PRIMARY EPS REPRESENTS BASIC EPS UNDER STATEMENT OF FINANCIAL ACCOUNTING
STANDARDS NO. 128, EARNINGS PER SHARE.
<F8>INCLUDES NONPERFORMING LOANS AND OTHER NONPERFORMING ASSETS.
<F9>AMOUNTS RELATE TO THE FIRM'S AGGREGATE ALLOWANCE FOR CREDIT LOSSES.
</FN>