<ARTICLE> 9 <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 3,287 <INT-BEARING-DEPOSITS> 120 <FED-FUNDS-SOLD> 667 <TRADING-ASSETS> 385 <INVESTMENTS-HELD-FOR-SALE> 7,115 <INVESTMENTS-CARRYING> 1,182 <INVESTMENTS-MARKET> 1,213 <LOANS> 54,900 <ALLOWANCE> 900 <TOTAL-ASSETS> 73,198 <DEPOSITS> 41,661 <SHORT-TERM> 13,910 <LIABILITIES-OTHER> 2,498 <LONG-TERM> 9,041 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 492 <OTHER-SE> 5,596 <TOTAL-LIABILITIES-AND-EQUITY> 73,198 <INTEREST-LOAN> 1,165 <INTEREST-INVEST> 162 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 1,327 <INTEREST-DEPOSIT> 347 <INTEREST-EXPENSE> 316 <INTEREST-INCOME-NET> 664 <LOAN-LOSSES> 77 <SECURITIES-GAINS> 2 <EXPENSE-OTHER> 600 <INCOME-PRETAX> 343 <INCOME-PRE-EXTRAORDINARY> 343 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 235 <EPS-PRIMARY> 0.53 <EPS-DILUTED> 0.53 <YIELD-ACTUAL> 4.23 <LOANS-NON> 373 <LOANS-PAST> 159 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 900 <CHARGE-OFFS> 100 <RECOVERIES> 23 <ALLOWANCE-CLOSE> 900 <ALLOWANCE-DOMESTIC> 900 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0