<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-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<EXCHANGE-RATE>                                      1
<CASH>                                          93,919
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                                   0
<INVESTMENTS-HELD-FOR-SALE>                                        0
<INVESTMENTS-CARRYING>                                             0
<INVESTMENTS-MARKET>                                               0
<LOANS>                                        985,068
<ALLOWANCE>                                      3,468
<TOTAL-ASSETS>                               1,123,164
<DEPOSITS>                                           0
<SHORT-TERM>                                     3,234
<LIABILITIES-OTHER>                                  0
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    550,000
<COMMON>                                       171,750
<OTHER-SE>                                     398,180
<TOTAL-LIABILITIES-AND-EQUITY>               1,123,164
<INTEREST-LOAN>                                 80,308
<INTEREST-INVEST>                                    0
<INTEREST-OTHER>                                     0
<INTEREST-TOTAL>                                80,308
<INTEREST-DEPOSIT>                                   0
<INTEREST-EXPENSE>                                   0
<INTEREST-INCOME-NET>                           80,308
<LOAN-LOSSES>                                        0
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                    529
<INCOME-PRETAX>                                 79,779
<INCOME-PRE-EXTRAORDINARY>                      79,779
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    79,779
<EPS-PRIMARY>                                    61.54
<EPS-DILUTED>                                    61.54
<YIELD-ACTUAL>                                    7.80
<LOANS-NON>                                      3,330
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 3,150
<CHARGE-OFFS>                                        0
<RECOVERIES>                                         0
<ALLOWANCE-CLOSE>                                3,468
<ALLOWANCE-DOMESTIC>                             3,468
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0
        

</TABLE>