<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE JUNE 30, 1999 QUARTERLY REPORT ON FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH QUARTERLY REPORT ON FORM 10-Q. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-1-1999 <PERIOD-END> JUN-30-1999 <CASH> 9,346 <SECURITIES> 536,724 <RECEIVABLES> 5,854 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 551,924 <CURRENT-LIABILITIES> 373,668 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 303,584 <OTHER-SE> (125,328) <TOTAL-LIABILITY-AND-EQUITY> 551,924 <SALES> 0 <TOTAL-REVENUES> 27,910 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 3,157 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 13,134 <INCOME-PRETAX> 13,931 <INCOME-TAX> 0 <INCOME-CONTINUING> 13,931 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 13,931 <EPS-BASIC> 0.67 <EPS-DILUTED> 0.67