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SFFED RELEASES JANUARY CONSOLIDATED FINANCIAL HIGHLIGHTS

 SFFED RELEASES JANUARY CONSOLIDATED FINANCIAL HIGHLIGHTS
 SAN FRANCISCO, Feb. 24 /PRNewswire/ -- SFFed Corp. (NASDAQ: SFFD) today released the following financial highlights:
 SELECTED CONSOLIDATED FINANCIAL HIGHLIGHTS
 AS OF Jan. 31, 1992
 (Unaudited)
 ($000 omitted)
 Maturity/Rate
 Sensitivity
 Interest Earning Assets: Rate Total 0-6 mos.
 (percent)
 Investments 4.18 $146,945 146,945
 Construction Loans 9.90 89,079 89,079
 Real Estate Loans Receivable 9.14 2,289,065 2,004,070
 Loans Held For Sale 8.24 47,450 1,505
 Mortgage-backed Securities 8.24 404,900 324,031
 Consumer and Other Loans 10.28 88,141 51,848
 Unamortized Rate Adjustments (7,123) (6,101)
 Total 8.84 $3,058,457 2,611,377
 Interest Bearing Liabilities:
 Customer Deposits:
 Checking 2.89 120,822 12,133
 Passbook 4.00 56,822 6,487
 MMDA 2.24 51,837 2,950
 Money Market 4.67 721,322 721,322
 Jumbo & Other C.D.s 6.10 1,419,703 904,115
 Total Deposits 5.37 2,370,506 1,647,007
 Borrowings 8.22 665,694 230,763
 Total 5.99 $3,036,200 1,877,770
 Off-balance Sheet:
 Swap on Mortgage-Backed Bond 0 100,000
 Hedges Against Loans Held for
 Sale 0 (45,124)
 Forward Borrowings 0 (35,000)
 Total 0 19,876
 Interest Bearing Liabilities
 Over (Under) Interest
 Earning Assets $(22,257) (713,731)
 Cumulative Difference (Gap) (713,731)
 Cumulative Gap as a Percentage
 of Interest Earning Assets -23.34
 Maturity/Rate Sensitivity
 Interest Earning Assets: 7-12 mos. 1-3 years over 3 years
 Investments 0 0 0
 Construction Loans 0 0 0
 Real Estate Loans Receivable 79,071 59,284 146,640
 Loans Held For Sale 125 0 45,820
 Mortgage-Backed Securities 19,925 19,758 41,186
 Consumer and Other Loans 6,622 16,516 13,155
 Unamortized Rate Adjustments (3) (23) (996)
 Total 105,740 95,535 245,805
 Interest Bearing Liabilities:
 Customer Deposits:
 Checking 10,748 32,044 65,897
 Passbook 5,746 17,132 27,457
 MMDA 2,613 7,791 38,483
 Money Market 0 0 0
 Jumbo & Other C.D.s 247,462 176,965 91,161
 Total Deposits 266,569 233,932 222,998
 Borrowings 111,967 118,188 204,776
 Total 378,536 352,120 427,774
 Off-Balance Sheet:
 Swap On Mortgage-Backed Bond 0 (100,000)
 Hedges Against Loans Held For
 Sale 0 45,124
 Forward Borrowings 35,000 0 0
 Total 35,000 0 (54,876)
 Interest Bearing Liabilities
 Over (Under) Interest
 Earning Assets 307,796 256,585 127,093
 Cumulative Difference (Gap) (405,935) (149,350) (22,257)
 Cumulative Gap as a Percentage
 of Interest Earning Assets -13.27 -4.88 -0.73
 Benefit of Loan Premium/Discount
 Amortization 0.12 pct.
 Impact of Hedging Activity 0.18 pct.
 Adjusted Earning Asset Rate Less
 Adjusted Interest Bearing
 Liability Rate 3.15 pct.
 Excess Earning Asset Benefit 0.04 pct.
 Interest Margin on Earning Assets 3.19 pct.
 Interest Margin on Total Assets 2.99 pct.
 Other Selected Data:
 Total Assets $3,268,254
 Ratio of Nonperforming Assets to Total Assets 3.94 pct.
 Current Month YTD
 Loans Originated $64,289 $ 64,289
 Loans Purchased 24 24
 Loans Sold 39,285 39,285
 Mortgage-Backed Securities Purchased 0 0
 Mortgage-Backed Securities Sold 0 0
 Customer Deposits Increase (Decrease) (69,628) (69,628)
 -0- 2/24/92
 /CONTACT: Marilu Rumolo-Boucher of SFFed Corp., 415-955-3083/
 (SFFD) CO: SFFed Corp. ST: California IN: FIN SU:


DG -- SF003 -- 1978 02/24/92 14:41 EST
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Date:Feb 24, 1992
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