<ARTICLE> 9 <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> JUN-30-1996 <CASH> 3,061 <INT-BEARING-DEPOSITS> 25 <FED-FUNDS-SOLD> 453 <TRADING-ASSETS> 33 <INVESTMENTS-HELD-FOR-SALE> 7,251 <INVESTMENTS-CARRYING> 1,714 <INVESTMENTS-MARKET> 1,748 <LOANS> 47,826 <ALLOWANCE> 870 <TOTAL-ASSETS> 64,764 <DEPOSITS> 44,417 <SHORT-TERM> 9,579 <LIABILITIES-OTHER> 1,598 <LONG-TERM> 4,174 <COMMON> 246 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 4,750 <TOTAL-LIABILITIES-AND-EQUITY> 64,764 <INTEREST-LOAN> 2,151 <INTEREST-INVEST> 298 <INTEREST-OTHER> 16 <INTEREST-TOTAL> 2,470 <INTEREST-DEPOSIT> 751 <INTEREST-EXPENSE> 1,119 <INTEREST-INCOME-NET> 1,351 <LOAN-LOSSES> 91 <SECURITIES-GAINS> 1 <EXPENSE-OTHER> 1,149 <INCOME-PRETAX> 624 <INCOME-PRE-EXTRAORDINARY> 425 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 425 <EPS-PRIMARY> 1.77 <EPS-DILUTED> 1.77 <YIELD-ACTUAL> 4.75 <LOANS-NON> 325 <LOANS-PAST> 80 <LOANS-TROUBLED> 1 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 876 <CHARGE-OFFS> 144 <RECOVERIES> 55 <ALLOWANCE-CLOSE> 870 <ALLOWANCE-DOMESTIC> 870 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 424