<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q
FOR THE QUARTER ENDED MARCH 31, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               MAR-31-1997
<CASH>                                             619
<SECURITIES>                                    17,100
<RECEIVABLES>                                  119,811
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                          51,066
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                 991,326
<CURRENT-LIABILITIES>                                0
<BONDS>                                        446,996
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                      3,910
<COMMON>                                        59,309
<OTHER-SE>                                     372,780
<TOTAL-LIABILITY-AND-EQUITY>                   991,326
<SALES>                                              0
<TOTAL-REVENUES>                                92,422
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                48,695
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              12,230
<INCOME-PRETAX>                                 31,497
<INCOME-TAX>                                    11,339
<INCOME-CONTINUING>                             20,158
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    20,158
<EPS-PRIMARY>                                      .63
<EPS-DILUTED>                                      .62