<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE CURRENT REPORT ON FORM 10-Q FOR THE THREE MONTHS ENDED SEPTEMBER 30,
1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS AND DISCLOSURES AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH
</LEGEND>
<MULTIPLIER> 1,000,000
<CURRENCY> U.S. DOLLARS
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> SEP-30-1999
<EXCHANGE-RATE> 1
<CASH> 1,609
<INT-BEARING-DEPOSITS> 2,145
<FED-FUNDS-SOLD> 36,755<F1>
<TRADING-ASSETS> 106,510
<INVESTMENTS-HELD-FOR-SALE> 0
<INVESTMENTS-CARRYING> 0
<INVESTMENTS-MARKET> 0
<LOANS> 25,415
<ALLOWANCE> 301
<TOTAL-ASSETS> 254,819
<DEPOSITS> 48,823
<SHORT-TERM> 81,553<F2>
<LIABILITIES-OTHER> 87,033<F3>
<LONG-TERM> 25,402
<PREFERRED-MANDATORY> 0
<PREFERRED> 694
<COMMON> 502
<OTHER-SE> 10,812
<TOTAL-LIABILITIES-AND-EQUITY> 254,819
<INTEREST-LOAN> 1,249
<INTEREST-INVEST> 1,266
<INTEREST-OTHER> 5,738
<INTEREST-TOTAL> 8,253
<INTEREST-DEPOSIT> 1,723
<INTEREST-EXPENSE> 7,050
<INTEREST-INCOME-NET> 1,203
<LOAN-LOSSES> (130)<F4>
<SECURITIES-GAINS> 201<F5>
<EXPENSE-OTHER> 4,325<F6>
<INCOME-PRETAX> 2,342
<INCOME-PRE-EXTRAORDINARY> 2,342
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,546
<EPS-BASIC> 8.33
<EPS-DILUTED> 7.76
<YIELD-ACTUAL> 0.87
<LOANS-NON> 169
<LOANS-PAST> 0
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 595<F7>
<CHARGE-OFFS> (42)<F7>
<RECOVERIES> 23<F7>
<ALLOWANCE-CLOSE> 446<F7>
<ALLOWANCE-DOMESTIC> 29<F7>
<ALLOWANCE-FOREIGN> 26<F7>
<ALLOWANCE-UNALLOCATED> 391<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 a reversal of provision for loan losses of ($150) million, and a
provision for credit losses on lending commitments of $20 million, recorded in
Other revenue.
<F5>Includes gain 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>Amounts relate to the firm's allowance for loan losses and allowance for
credit losses on lending commitments, such as commitments, standby letter of
credit, and guarantees. The unallocated allowance includes the specific country
and expected loss components of our allowances for credit losses. The
unallocated amounts represent our allowances to specific counterparties
determined in accordance with SFAS No. 114 and SFAS No. 5, for loans and
off-balance-sheet credit instruments, respectively.
</FN>