<ARTICLE> 9 <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 3,242 <INT-BEARING-DEPOSITS> 15 <FED-FUNDS-SOLD> 368 <TRADING-ASSETS> 120 <INVESTMENTS-HELD-FOR-SALE> 7,971 <INVESTMENTS-CARRYING> 1,628 <INVESTMENTS-MARKET> 1,657 <LOANS> 49,724 <ALLOWANCE> 870 <TOTAL-ASSETS> 67,893 <DEPOSITS> 44,239 <SHORT-TERM> 11,770 <LIABILITIES-OTHER> 1,936 <LONG-TERM> 4,774 <COMMON> 500 <PREFERRED-MANDATORY> 0 <PREFERRED> 246 <OTHER-SE> 4,428 <TOTAL-LIABILITIES-AND-EQUITY> 67,893 <INTEREST-LOAN> 1,095 <INTEREST-INVEST> 155 <INTEREST-OTHER> 5 <INTEREST-TOTAL> 1,255 <INTEREST-DEPOSIT> 353 <INTEREST-EXPENSE> 566 <INTEREST-INCOME-NET> 689 <LOAN-LOSSES> 67 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 575 <INCOME-PRETAX> 306 <INCOME-PRE-EXTRAORDINARY> 306 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 212 <EPS-PRIMARY> 0.96 <EPS-DILUTED> 0.94 <YIELD-ACTUAL> 4.75 <LOANS-NON> 371 <LOANS-PAST> 113 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 870 <CHARGE-OFFS> 89 <RECOVERIES> 22 <ALLOWANCE-CLOSE> 870 <ALLOWANCE-DOMESTIC> 870 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0