<TABLE> <S> <C>
<ARTICLE> BD
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> SEP-30-2000
<CASH> $12,301
<RECEIVABLES> 46,419
<SECURITIES-RESALE> 55,888
<SECURITIES-BORROWED> 1,195,097
<INSTRUMENTS-OWNED> 178,056
<PP&E> 4,822
<TOTAL-ASSETS> 1,542,171
<SHORT-TERM> 106,078
<PAYABLES> 28,714
<REPOS-SOLD> 0
<SECURITIES-LOANED> 1,198,512
<INSTRUMENTS-SOLD> 60,537
<LONG-TERM> 6,000
0
0
<COMMON> 86
<OTHER-SE> 68,438
<TOTAL-LIABILITY-AND-EQUITY> 1,542,171
<TRADING-REVENUE> 14,543
<INTEREST-DIVIDENDS> 22,891
<COMMISSIONS> 3,590
<INVESTMENT-BANKING-REVENUES> 7,761
<FEE-REVENUE> 860
<INTEREST-EXPENSE> 21,145
<COMPENSATION> 21,897
<INCOME-PRETAX> (2,900)
<INCOME-PRE-EXTRAORDINARY> (2,900)
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 18,785
<EPS-BASIC> $2.36
<EPS-DILUTED> $2.36
</TABLE>