<ARTICLE> BD
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION AT MAY 31, 1999 AND THE
CONDENSED CONSOLIDATED STATEMENTS OF INCOME FOR THE SIX MONTHS ENDED MAY 31,
1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH CONDENSED
CONSOLIDATED FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000,000

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1999
<PERIOD-START>                             DEC-01-1998
<PERIOD-END>                               MAY-31-1999
<CASH>                                          19,791
<RECEIVABLES>                                   59,322
<SECURITIES-RESALE>                             85,138
<SECURITIES-BORROWED>                           88,009
<INSTRUMENTS-OWNED>                             79,664
<PP&E>                                           2,121
<TOTAL-ASSETS>                                 342,345
<SHORT-TERM>                                    33,131
<PAYABLES>                                      59,145
<REPOS-SOLD>                                   101,961
<SECURITIES-LOANED>                             25,382
<INSTRUMENTS-SOLD>                              67,806
<LONG-TERM>                                     28,782
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                        672
<COMMON>                                             6
<OTHER-SE>                                      14,671
<TOTAL-LIABILITY-AND-EQUITY>                   342,345
<TRADING-REVENUE>                                3,617
<INTEREST-DIVIDENDS>                             7,169
<COMMISSIONS>                                    1,454
<INVESTMENT-BANKING-REVENUES>                    1,979
<FEE-REVENUE>                                    2,740
<INTEREST-EXPENSE>                               6,155
<COMPENSATION>                                   4,776
<INCOME-PRETAX>                                  3,530
<INCOME-PRE-EXTRAORDINARY>                       3,530
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     2,188
<EPS-BASIC>                                       3.91
<EPS-DILUTED>                                     3.71