<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q
FOR THE QUARTERLY PERIOD ENDED MARCH 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                          56,099
<SECURITIES>                                 1,170,559
<RECEIVABLES>                                  420,405
<ALLOWANCES>                                    14,241
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                          39,167
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               2,387,936
<CURRENT-LIABILITIES>                                0
<BONDS>                                        326,883
<COMMON>                                        58,731
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                      3,910
<OTHER-SE>                                     312,819
<TOTAL-LIABILITY-AND-EQUITY>                 2,387,936
<SALES>                                              0
<TOTAL-REVENUES>                               105,779
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                64,966
<LOSS-PROVISION>                                 2,578
<INTEREST-EXPENSE>                               8,683
<INCOME-PRETAX>                                 29,552
<INCOME-TAX>                                    10,594
<INCOME-CONTINUING>                             18,958
<DISCONTINUED>                                 (1,119)
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    17,839
<EPS-PRIMARY>                                      .56
<EPS-DILUTED>                                      .55