(Exact name of registrant as specified in its charter)

(Registrant's telephone number, including area code)

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PART I.	FINANCIAL INFORMATION
	Item 1.	Financial Statements
		Consolidated Statements of Financial Condition - June 30, 2003 (unaudited) and December 31, 2002		1
		Consolidated Statements of Income - For the Three and Six Months Ended June 30, 2003, and 2002 (unaudited)		2
		Consolidated Statements of Changes in Stockholders' Equity - For the Six Months Ended June 30, 2003, and 2002 (unaudited)		3
		Consolidated Statements of Cash Flows - For the Six Months Ended June 30, 2003, and 2002 (unaudited)		4
		Notes to the Consolidated Financial Statements (unaudited)		5
	Item 2.	Management's Discussion and Analysis of Financial Condition and Results of    Operations (unaudited)		16
	Item 3.	Quantitative and Qualitative Disclosure About Market Risk		63
	Item 4.	Controls and Procedures		63
PART II.	OTHER INFORMATION
	Item 1.		Legal Proceedings	64
	Item 5.		Other Information	65
	Item 6.		Exhibits and Reports on Form 8-K	65
	Signature			67

		June 30,			December 31,
		2003			2002
		(unaudited)
ASSETS
Cash and due from banks		$	846,419		$	721,972
Interest-earning time deposits in other banks			4,593,167			3,703,052
Federal funds sold			3,365,000			1,645,000
Investment securities:
Available-for-sale (amortized cost of $3,395,358 and $3,617,505 at June 30, 2003,  and December 31, 2002, respectively)			3,418,900			3,655,808
Held-to-maturity (market value of $398,978 and $428,472 at June 30, 2003, and  December 31, 2002, respectively)			386,100			419,760
Loans held for securitization			10,472,305			11,029,627
Loan portfolio:
Credit card			10,448,174			9,484,115
Other consumer			8,367,900			8,212,766
Total loan portfolio			18,816,074			17,696,881
Reserve for possible credit losses			(1,175,256	)		(1,111,299	)
Net loan portfolio			17,640,818			16,585,582
Premises and equipment, net			2,577,999			2,519,101
Accrued income receivable			334,051			371,089
Accounts receivable from securitization			7,816,775			6,926,876
Intangible assets, net			3,189,219			3,188,501
Prepaid expenses and deferred charges			493,378			412,609
Other assets			2,073,022			1,677,769
Total assets		$	57,207,153		$	52,856,746
LIABILITIES
Deposits:
Time deposits		$	22,616,598		$	22,079,031
Money market deposit accounts			8,087,533			7,520,119
Noninterest-bearing deposits			2,283,712			915,687
Interest-bearing transaction accounts			45,031			45,414
Savings accounts			119,665			55,965
Total deposits			33,152,539			30,616,216
Short-term borrowings			1,237,378			1,250,103
Long-term debt and bank notes			10,475,695			9,538,173
Accrued interest payable			289,617			286,158
Accrued expenses and other liabilities			2,224,548			2,064,777
Total liabilities			47,379,777			43,755,427
STOCKHOLDERS' EQUITY
Preferred stock ($.01 par value, 20,000,000 shares authorized, 8,573,882 shares issued  and outstanding at June 30, 2003, and December 31, 2002)			86			86
Common stock ($.01 par value, 1,500,000,000 shares authorized, 1,277,671,875 shares  issued and outstanding at June 30, 2003, and December 31, 2002)			12,777			12,777
Additional paid-in capital			2,163,867			2,296,568
Retained earnings			7,471,467			6,707,162
Accumulated other comprehensive income			179,179			84,726
Total stockholders' equity			9,827,376			9,101,319
Total liabilities and stockholders' equity		$	57,207,153		$	52,856,746

	1

		For the Three Months						For the Six Months
		Ended June 30,						Ended June 30,
		2003			2002			2003			2002
Interest Income
Loan portfolio		$	569,255		$	503,199		$	1,086,418		$	954,201
Loans held for securitization			256,093			251,454			550,985			560,030
Investment securities:
Taxable			28,042			34,415			58,424			68,902
Tax-exempt			390			522			751			979
Time deposits in other banks			21,241			13,192			39,378			23,808
Federal funds sold			9,612			6,962			17,566			17,913
Other interest income			75,282			85,874			150,420			185,486
Total interest income			959,915			895,618			1,903,942			1,811,319
Interest Expense
Deposits			286,354			304,944			579,216			628,559
Short-term borrowings			9,812			9,030			20,130			20,528
Long-term debt and bank notes			84,581			76,827			169,832			144,139
Total interest expense			380,747			390,801			769,178			793,226
Net Interest Income			579,168			504,817			1,134,764			1,018,093
Provision for possible credit losses			345,603			274,932			724,480			634,325
Net interest income after provision for possible credit losses			233,565			229,885			410,284			383,768
Other Operating Income
Securitization income			1,527,907			1,350,111			3,003,407			2,704,560
Interchange			101,034			87,595			190,700			162,514
Credit card fees			121,093			98,405			247,877			191,425
Other consumer loan fees			28,987			27,321			55,062			51,981
Insurance			55,841			40,958			109,328			86,767
Other			16,942			29,239			33,439			32,648
Total other operating income			1,851,804			1,633,629			3,639,813			3,229,895
Other Operating Expense
Salaries and employee benefits			512,238			465,256			1,038,692			944,214
Occupancy expense of premises			44,695			43,495			87,943			84,153
Furniture and equipment expense			86,203			82,548			173,667			162,290
Other			591,932			550,066			1,222,641			1,117,403
Total other operating expense			1,235,068			1,141,365			2,522,943			2,308,060
Income Before Income Taxes			850,301			722,149			1,527,154