<ARTICLE>                     5

<NAME>                        WEBSTER PREFERRED CAPITAL CORPORATION
<CIK>                         0001047865
<MULTIPLIER>                  1000
<CURRENCY>                    US DOLLARS

                                     
<PERIOD-TYPE>                              3-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             APR-01-1999
<PERIOD-END>                               JUN-30-1999
<EXCHANGE-RATE>                                      1
<CASH>                                          23,355
<SECURITIES>                                   104,083
<RECEIVABLES>                                  856,583
<ALLOWANCES>                                   (1,742)
<INVENTORY>                                          0
<CURRENT-ASSETS>                                 5,881
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                 988,160
<CURRENT-LIABILITIES>                            1,061
<BONDS>                                              0
<PREFERRED-MANDATORY>                           40,000
<PREFERRED>                                      1,000
<COMMON>                                             1
<OTHER-SE>                                     946,098
<TOTAL-LIABILITY-AND-EQUITY>                   988,160
<SALES>                                         31,706
<TOTAL-REVENUES>                                31,706
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                 1,759
<LOSS-PROVISION>                                   240
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                 29,707
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    29,707
<EPS-BASIC>                                  292,760
<EPS-DILUTED>                                  292,760