<TABLE> <S> <C>
<PAGE>
<ARTICLE> 9
<LEGEND>
This schedule contains summary financial information extracted from the Balance
Sheet and Statement of Income included in the Company's Form 10-Q for the period
ended September 30, 2000.
</LEGEND>
<CIK> 0001027283
<NAME> CALIFORNIA FEDERAL PREFERRED CAPITAL CORPORATION
<MULTIPLIER> 1,000
<CURRENCY> US $
<S> <C>
<RESTATED>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> SEP-30-2000
<EXCHANGE-RATE> 1
<CASH> 0
<INT-BEARING-DEPOSITS> 0
<FED-FUNDS-SOLD> 0
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 19,273
<INVESTMENTS-CARRYING> 0
<INVESTMENTS-MARKET> 0
<LOANS> 983,607
<ALLOWANCE> 7,803
<TOTAL-ASSETS> 1,010,650
<DEPOSITS> 0
<SHORT-TERM> 0
<LIABILITIES-OTHER> 354
<LONG-TERM> 0
0
500,000
<COMMON> 0
<OTHER-SE> 510,296
<TOTAL-LIABILITIES-AND-EQUITY> 1,010,650
<INTEREST-LOAN> 51,070
<INTEREST-INVEST> 811
<INTEREST-OTHER> 0
<INTEREST-TOTAL> 51,881
<INTEREST-DEPOSIT> 0
<INTEREST-EXPENSE> 0
<INTEREST-INCOME-NET> 51,881
<LOAN-LOSSES> 0
<SECURITIES-GAINS> 0
<EXPENSE-OTHER> 47
<INCOME-PRETAX> 51,834
<INCOME-PRE-EXTRAORDINARY> 51,834
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 51,834<F1>
<EPS-BASIC> 0
<EPS-DILUTED> 0
<YIELD-ACTUAL> 6.84
<LOANS-NON> 1,497
<LOANS-PAST> 0
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 7,883
<CHARGE-OFFS> 80
<RECOVERIES> 0
<ALLOWANCE-CLOSE> 7,803
<ALLOWANCE-DOMESTIC> 0
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 7,617
<FN>
<F1> Net income available to common stockholder: $17,615
</FN>
</TABLE>