<ARTICLE> 5
<LEGEND> 
This schedule contains summary financial information extracted from the 1997
Annual Report to Shareholders and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>               DEC-31-1997
<PERIOD-END>                    DEC-31-1997
<CASH>                               89,377
<SECURITIES>                      1,082,740
<RECEIVABLES>                       197,771
<ALLOWANCES>                              0
<INVENTORY>                               0
<CURRENT-ASSETS>                  2,847,335
<PP&E>                              370,169
<DEPRECIATION>                      221,114
<TOTAL-ASSETS>                    3,636,491
<CURRENT-LIABILITIES>             2,615,205
<BONDS>                                   0
<COMMON>                                  0
<PREFERRED-MANDATORY>                     0
<PREFERRED>                             539
<OTHER-SE>                          768,716
<TOTAL-LIABILITY-AND-EQUITY>      3,636,491
<SALES>                                   0
<TOTAL-REVENUES>                    974,432
<CGS>                                     0
<TOTAL-COSTS>                       794,552
<OTHER-EXPENSES>                     14,103
<LOSS-PROVISION>                          0
<INTEREST-EXPENSE>                   11,878
<INCOME-PRETAX>                     153,899
<INCOME-TAX>                         63,099
<INCOME-CONTINUING>                  90,800
<DISCONTINUED>                            0
<EXTRAORDINARY>                           0
<CHANGES>                                 0
<NET-INCOME>                         90,800
<EPS-PRIMARY>                          1.75
<EPS-DILUTED>                          1.70