<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted form the June
1999 10-Q and is qualified in its entirety by reference to such information.
</LEGEND>
<MULTIPLIER> 1000

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               JUN-30-1999
<CASH>                                          62,439
<SECURITIES>                                 1,246,310
<RECEIVABLES>                                  224,411
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                             3,998,119
<PP&E>                                         186,875
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               5,333,554
<CURRENT-LIABILITIES>                        3,889,599
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         1,253
<OTHER-SE>                                   1,072,944
<TOTAL-LIABILITY-AND-EQUITY>                 5,333,554
<SALES>                                              0
<TOTAL-REVENUES>                               680,381
<CGS>                                                0
<TOTAL-COSTS>                                  543,831
<OTHER-EXPENSES>                                13,413
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               8,300
<INCOME-PRETAX>                                114,837
<INCOME-TAX>                                    47,083
<INCOME-CONTINUING>                             67,754
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    67,754
<EPS-BASIC>                                       0.55
<EPS-DILUTED>                                     0.53