<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SEPTEMBER 1998 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
INFORMATION.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               SEP-30-1998
<CASH>                                          87,802
<SECURITIES>                                 1,213,199
<RECEIVABLES>                                  238,402
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             3,184,165
<PP&E>                                         167,546
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               4,097,233
<CURRENT-LIABILITIES>                        2,957,661
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           832
<OTHER-SE>                                     825,599
<TOTAL-LIABILITY-AND-EQUITY>                 4,097,233
<SALES>                                              0
<TOTAL-REVENUES>                               894,592
<CGS>                                                0
<TOTAL-COSTS>                                  733,189
<OTHER-EXPENSES>                                 6,263
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              11,593
<INCOME-PRETAX>                                143,547
<INCOME-TAX>                                    58,854
<INCOME-CONTINUING>                             84,693
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    84,693
<EPS-PRIMARY>                                     1.03
<EPS-DILUTED>                                     1.00