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SFFED RELEASES APRIL CONSOLIDATED FINANCIAL HIGHLIGHTS

 SAN FRANCISCO, May 24 /PRNewswire/ -- SFFed Corp. (NASDAQ: SFFD) today released the following financial highlights:
 SELECTED CONSOLIDATED FINANCIAL HIGHLIGHTS
 As of April 30, 1993
 (Unaudited)
 (000'S omitted)
 Maturity/Rate Sensitivity
 Interest Earning Assets: Rate Total 0-6 mos.
 (percent)
 Investments 3.01 $172,811 172,811
 Construction Loans 9.07 33,667 33,365
 Real Estate Loans Receivable 7.24 2,470,414 2,243,658
 Loans Held For Sale 7.14 18,220 0
 Mortgage-backed Securities 6.38 288,688 240,808
 Consumer and Other Loans 8.93 93,748 71,243
 Unamortized Rate Adjustments (7,171) (7,171)
 Total 7.01 $3,070,377 2,754,715
 Interest Bearing Liabilities:
 Customer Deposits:
 Checking 1.22 144,517 12,002
 Passbook 2.68 68,390 7,807
 MMDA 2.54 22,478 2,553
 Money Market 2.95 530,287 530,287
 Jumbo & Other C.D.s 5.01 1,491,196 616,871
 Total Deposits 4.19 2,256,868 1,169,520
 Borrowings 5.06 766,543 438,081
 Total 4.41 $3,023,411 1,607,601
 Off-balance Sheet:
 Hedges Against Loans Held For
 Sale 0 18,220
 Total 0 18,220
 Interest Earning Assets Over
 (Under) Interest Bearing
 Liabilities(A) 46,966 1,128,894
 Cumulative Difference (Gap) 1,128,894
 Cumulative Gap as a Percentage
 of Interest Earning Assets 36.77
 Interest Earning Assets: 7-12 mos. 1-3 years over 3 years
 Investments 0 0 0
 Construction Loans 302 0 0
 Real Estate Loans Receivable 82,177 50,945 93,634
 Loans Held For Sale 0 0 18,220
 Mortgage-backed Securities 15,104 16,155 16,621
 Consumer and Other Loans 5,104 11,657 5,744
 Unamortized Rate Adjustments 0 0 0
 Total 102,687 78,757 134,219
 Interest Bearing Liabilities:
 Customer Deposits:
 Checking 10,632 31,698 90,185
 Passbook 6,916 20,620 33,047
 MMDA 2,261 6,743 10,921
 Money Market 0 0 0
 Jumbo & Other C.D.s 304,763 316,959 252,603
 Total Deposits 324,572 376,020 386,756
 Borrowings 193,783 92,050 42,629
 Total 518,355 468,070 429,385
 Off-balance Sheet:
 Hedges Against Loans Held For
 Sale 0 0 (18,220)
 Total 0 0 (18,220)
 Interest Earning Assets Over
 (Under) Interest Bearing
 Liabilities (415,668) (389,313) (276,946)
 Cumulative Difference (Gap) 713,225 323,912 46,966
 Cumulative Gap as a Percentage
 of Interest Earning Assets 23.23 10.55 1.53
 Benefit of Loan Prmium/Discount
 Amortization 0.09 pct.
 Impact of Hedging Activity 0.00 pct.
 Adjusted Earning Asset Rate Less Adjusted
 Interest Bearing Liability Rate 2.69 pct.
 Excess Earning Asset Benefit 0.07 pct.
 Interest Margin on Earning Assets 2.76 pct.
 Interest Margin on Total Assets 2.60 pct.
 Other Selected Data:
 Total Assets $3,265,325
 Ratio of Nonperforming Assets to Total Assets 4.32 pct
 Current Month YTD
 Loans Originated $96,952 $307,697
 Loans Purchased 0 0
 Loans Sold 35,041 71,422
 Mortgage-backed Securities Purchased 0 0
 Mortgage-backed Securities Sold 0 0
 Customer Deposits Increase (Decrease) 1,805 (14,661)
 (A) Starting with April 30, 1993 Gap analysis, Gap will be
 calculated as (Assets - Liabilities) rather than the reverse.
 -0- 5/24/93
 /CONTACT: Marilu Rumolo-Boucher of SFFed Corp., 415-955-3083/
 (SFFD)


CO: SFFed Corp. ST: California IN: FIN SU:

GT -- SF007 -- 1752 05/24/93 13:49 EDT
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Date:May 24, 1993
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