<TABLE> <S> <C>

<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF DORAL FINANCIAL CORPORATION FOR THE SIX MONTH PERIOD
ENDED JUNE 30, 1999 AND IT IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               JUN-30-1999
<CASH>                                          35,093
<INT-BEARING-DEPOSITS>                          76,103
<FED-FUNDS-SOLD>                                86,770
<TRADING-ASSETS>                               684,673
<INVESTMENTS-HELD-FOR-SALE>                     28,862
<INVESTMENTS-CARRYING>                         937,186
<INVESTMENTS-MARKET>                           908,098
<LOANS>                                      1,108,144
<ALLOWANCE>                                      5,405
<TOTAL-ASSETS>                               3,279,870
<DEPOSITS>                                     760,096
<SHORT-TERM>                                 1,571,205
<LIABILITIES-OTHER>                            270,028
<LONG-TERM>                                    317,979
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                      1,503
<COMMON>                                        40,485
<OTHER-SE>                                     318,574
<TOTAL-LIABILITIES-AND-EQUITY>               3,279,870
<INTEREST-LOAN>                                 35,477
<INTEREST-INVEST>                               45,556
<INTEREST-OTHER>                                 6,598
<INTEREST-TOTAL>                                87,631
<INTEREST-DEPOSIT>                              14,565
<INTEREST-EXPENSE>                              51,223
<INTEREST-INCOME-NET>                           21,843
<LOAN-LOSSES>                                      753
<SECURITIES-GAINS>                              44,870
<EXPENSE-OTHER>                                 44,446
<INCOME-PRETAX>                                 37,930
<INCOME-PRE-EXTRAORDINARY>                      37,930
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    32,939
<EPS-BASIC>                                        .76
<EPS-DILUTED>                                      .73
<YIELD-ACTUAL>                                    1.47
<LOANS-NON>                                      3,993
<LOANS-PAST>                                    60,438
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 5,166
<CHARGE-OFFS>                                      667
<RECOVERIES>                                       153
<ALLOWANCE-CLOSE>                                5,405
<ALLOWANCE-DOMESTIC>                             5,405
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0


</TABLE>