<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM SEPTEMBER
30, 2000 QUARTERLY REPORT ON FORM 10-Q.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> SEP-30-2000
<CASH> 10,647
<SECURITIES> 2,158,568
<RECEIVABLES> 22,246
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 2,195,409
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 2,195,409
<CURRENT-LIABILITIES> 831,846
<BONDS> 1,148,519
0
26,517
<COMMON> 242,608
<OTHER-SE> (58,462)
<TOTAL-LIABILITY-AND-EQUITY> 2,195,409
<SALES> 0
<TOTAL-REVENUES> 41,919
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> (2,545)
<LOSS-PROVISION> 240
<INTEREST-EXPENSE> 34,502
<INCOME-PRETAX> 4,878
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 4,878
<EPS-BASIC> .55
<EPS-DILUTED> .55
</TABLE>