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WASHINGTON MUTUAL ANNOUNCES SECOND-QUARTER COMMUNITY CONTRIBUTIONS

 SEATTLE, July 30 /PRNewswire/ -- Washington Mutual announced today second-quarter community contributions of $329,784. Northwest community groups such as Seattle-King County Youth Investment and the Snohomish County YMCA received support from the bank.
 The bank made the contributions between April 1 and June 30, 1993, through the Washington Mutual Savings Bank Foundation, corporate- sponsored special events, the bank's employee matching-gift program and in-kind donations.
 During the quarter, the foundation alone made $192,480 in grants to nonprofit organizations throughout Washington and Oregon. The foundation focuses its efforts on education and affordable housing.
 "As the Northwest's largest consumer bank and as the state's largest independent bank, it's part of our corporate culture to make the communities we serve better places to live and work," said Kerry Killinger, Washington Mutual's chairman and chief executive officer. "We take pride in working with so many well-deserving programs."
 In addition to the more than $87,171 the foundation contributed to educational programs during the second quarter, programs involving tutoring and mentoring also benefited from Washington Mutual's successful One-to-One Tutoring Program. More than 6,000 potential tutors have been referred to Northwest schools and nonprofit tutoring organizations since the program began in 1992.
 Continuing Washington Mutual's commitment to education, Seattle- King County Youth Investment received $10,000 from the foundation. The funds will be used to help elementary and middle school children who have fallen behind in reading and math. A collaborative initiative among school districts and the Seattle-King County Private Industry Council, the program uses small classes, tutors and computers to help children reach expected grade-level academic performance.
 Bank Contributions
 The Snohomish County YMCA, based in Everett, received $50,000 from the foundation. The funds will be used to help build five new regional YMCA facilities throughout Snohomish County, one of the fastest growing counties in the state. The facilities will provide local communities with child-care programs, swim classes, youth activities and other recreational resources.
 Second-quarter contributions from Washington Mutual also included:
 - Washington State MESA, Spokane, Wash., $10,000, to help provide
 programs and services that help children achieve their full
 potential in the fields of math, engineering and science.
 - Northwest School for Hearing-Impaired Children, Seattle, $5,000,
 to support the school's successful program that brings hearing-
 impaired children in King, Snohomish, Pierce and Kitsap
 counties, up to grade-level performance in academics.
 - Southwest Youth and Family Services, Seattle, $5,000, to help
 consolidate its services into one building and create a "campus"
 of community services ranging from recreation and education to
 counseling and nutrition.
 - Oregon Family Resource Coalition, Salem, Ore., $5,000, to provide
 general support for improving family services by offering
 management training in program evaluation.
 - Independent Colleges of Washington, Seattle, $9,900, to provide
 general scholarship support for students at 10 independent
 colleges in Washington.
 - ANEW (Apprenticeship and Nontraditional Employment for Women),
 Renton, Wash., $5,000, to provide job skills training and
 counseling to women seeking to break the cycle of poverty.
 Serving the financial needs of Northwest consumers since 1889, Washington Mutual is the largest local, independent bank in Washington and the largest
consumer bank in the Northwest. At June 30, 1993,


Washington Mutual had assets of $14.4 billion. The bank operates 229 financial centers and 26 home loan centers in Washington and Oregon.
 -0- 7/30/93
 /NOTE TO EDITORS: Tailored releases have been sent to Everett, Tacoma, Spokane and Bremerton, Wash., and Portland, Ore.)
 /CONTACT: Terry J. Onustack of Washington Mutual, 206-461-8696/
 (WAMU)


CO: Washington Mutual ST: Washington, Oregon IN: FIN SU:

JH -- SE010 -- 7876 07/30/93 15:51 EDT
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Date:Jul 30, 1993
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