<TABLE> <S> <C>


<ARTICLE>                                             9
<CIK>                                        0001018450
<NAME>              CHASE PREFERRED CAPITAL CORPORATION
<MULTIPLIER>                                      1,000
<CURRENCY>                         UNITED STATES DOLLAR
        
<S>                                 <C>
<PERIOD-TYPE>                       12-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<EXCHANGE-RATE>                                      1
<CASH>                                          25,215
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                          0
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                      1,021,368
<ALLOWANCE>                                      4,120
<TOTAL-ASSETS>                               1,121,306
<DEPOSITS>                                           0
<SHORT-TERM>                                         0
<LIABILITIES-OTHER>                                  0
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    550,000
<COMMON>                                       171,750
<OTHER-SE>                                     399,124
<TOTAL-LIABILITIES-AND-EQUITY>               1,121,306
<INTEREST-LOAN>                                 72,339
<INTEREST-INVEST>                                    0
<INTEREST-OTHER>                                 7,089
<INTEREST-TOTAL>                                79,428
<INTEREST-DEPOSIT>                                   0
<INTEREST-EXPENSE>                               2,249
<INTEREST-INCOME-NET>                           77,179
<LOAN-LOSSES>                                        0
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                    620
<INCOME-PRETAX>                                 76,559
<INCOME-PRE-EXTRAORDINARY>                      76,559
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    76,559
<EPS-PRIMARY>                                   32,009
<EPS-DILUTED>                                   32,009
<YIELD-ACTUAL>                                     7.6
<LOANS-NON>                                          0
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 3,468
<CHARGE-OFFS>                                       78
<RECOVERIES>                                         0
<ALLOWANCE-CLOSE>                                4,120
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0
        

</TABLE>