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DOWNEY SAVINGS ANNOUNCES CRA OFFICER APPOINTMENT

 DOWNEY SAVINGS ANNOUNCES CRA OFFICER APPOINTMENT
 NEWPORT BEACH, Calif., Oct. 30 /PRNewswire/ -- Robert L. Kemper,


chief executive officer of Newport Beach-based Downey Savings and Loan Association (NYSE: DSL), today announced the appointment of Kelvin James as Community Reinvestment Act ("CRA") Compliance Officer. James, who has been with Downey since 1991, was previously a community reinvestment assistant responsible for CRA activities in the Northern California region. Prior to joining Downey, James was with HomeFed Bank.
 "Downey continues to be involved in addressing the community reinvestment, credit, economic and educational needs in the communities in which it conducts business and is committed to promoting affordable housing by offering lending programs designed to meet those needs. James will play a vital role in furthering our CRA efforts," noted Kemper.
 Downey Savings, with assets of $3.4 billion, has 50 offices throughout California.
 -0- 10/30/92
 /CONTACT: Wilma W. Schweickhard of Downey Savings, 714-854-3100, ext. 3264/
 (DSL) CO: Downey Savings and Loan Association ST: California IN: FIN SU: PER


JL-LS -- LA030 -- 7289 10/30/92 16:27 EST
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Publication:PR Newswire
Date:Oct 30, 1992
Words:175
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