<ARTICLE> 9
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               MAR-31-1997
<EXCHANGE-RATE>                                      1
<CASH>                                         530,373      
<INT-BEARING-DEPOSITS>                           2,270    
<FED-FUNDS-SOLD>                                     0
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<INVESTMENTS-MARKET>                         2,947,030
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<PREFERRED-MANDATORY>                                0
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<INTEREST-INVEST>                              206,843
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<INTEREST-TOTAL>                               826,733
<INTEREST-DEPOSIT>                             257,712
<INTEREST-EXPENSE>                             252,068
<INTEREST-INCOME-NET>                          316,953
<LOAN-LOSSES>                                   15,526
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                192,632
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<INCOME-PRE-EXTRAORDINARY>                     114,072
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<EPS-PRIMARY>                                     0.93
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<LOANS-PAST>                                         0
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<CHARGE-OFFS>                                   20,300
<RECOVERIES>                                       286
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<ALLOWANCE-DOMESTIC>                            84,834
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                        282,381