<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM JUNE 30, 2000 QUARTERLY REPORT ON FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> JUN-30-2000 <CASH> 12,531 <SECURITIES> 2,219,812 <RECEIVABLES> 21,375 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,257,333 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 2,257,333 <CURRENT-LIABILITIES> 821,403 <BONDS> 1,227,546 <PREFERRED-MANDATORY> 0 <PREFERRED> 26,517 <COMMON> 242,227 <OTHER-SE> (60,360) <TOTAL-LIABILITY-AND-EQUITY> 2,257,333 <SALES> 0 <TOTAL-REVENUES> 43,136 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 5,007 <LOSS-PROVISION> 128 <INTEREST-EXPENSE> 34,914 <INCOME-PRETAX> 3,087 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,087 <EPS-BASIC> 0.35 <EPS-DILUTED> 0.35