SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-K
AMENDMENT 1
Annual Report Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
for the fiscal year ended December 31, 1996
Commission File No. 1-4629
GOLDEN WEST FINANCIAL CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 95-2080059
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(State or other jurisdiction of incorporation (I.R.S. Employer
or organization) Identification No.)
1901 Harrison Street, Oakland, California 94612
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (510) 446-3420
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Securities registered pursuant to Section 12(b) of the Act:
Title of each class Name of each exchange on which registered
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Common Stock, $.10 par value New York Stock Exchange, Inc., Pacific
Stock Exchange, Inc.
Securities registered pursuant to Section 12(g) of the Act: NONE
Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. YES X NO
Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to the
best of Registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [X]
The approximate aggregate market value of the Registrant's common stock
held by nonaffiliates of the Registrant on February 28, 1997, was
$3,882,822,892. The number of shares outstanding of the Registrant's common
stock on February 28, 1997, was 57,311,039 shares.
DOCUMENTS INCORPORATED BY REFERENCE
Documents Incorporated by Reference Applicable Part of Form 10-K
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Proxy Statement Dated March 14, 1997, Part III
Furnished to Stockholders in Connection
with Registrant's Annual Meeting of
Stockholders.
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of the
Registrant and in the capacities and on the date indicated:
/s/ Maryellen B. Cattani 3/25/97 /s/ Bernard A. Osher 3/25/97
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Maryellen B. Cattani Bernard A. Osher
Director Director
/s/ Kenneth T. Rosen 3/25/97
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Louis J. Galen Kenneth T. Rosen
Director Director
/s/ Antonia Hernandez 3/25/97 /s/ Herbert M. Sandler 3/25/97
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Antonia Hernandez Herbert M. Sandler
Director Director
/s/ Patricia A. King 3/25/97 /s/ Marion O. Sandler 3/25/97
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Patricia A. King Marion O. Sandler
Director Director
/s/ William D. McKee 3/25/97 /s/ Leslie Tang Schilling 3/25/97
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William D. McKee Leslie Tang Schilling
Director Director
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<PERIOD-TYPE> 12-MOS 12-MOS 3-MOS 6-MOS 9-MOS
<FISCAL-YEAR-END> DEC-31-1995 DEC-31-1996 DEC-31-1996 DEC-31-1996 DEC-31-1996
<PERIOD-END> DEC-31-1995 DEC-31-1996 MAR-31-1996 JUN-30-1996 SEP-30-1996
<CASH> 218,695 218,719 203,419 189,724 130,467
<INT-BEARING-DEPOSITS> 50,000 149,997 0 0 0
<FED-FUNDS-SOLD> 490,960 324,432 536,655 1,010,340 581,002
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<INVESTMENTS-HELD-FOR-SALE> 1,184,737 1,008,791 977,345 972,785 1,108,715
<INVESTMENTS-CARRYING> 3,126,460 4,066,116 3,033,949 2,935,663 2,853,846
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<ALLOWANCE> 141,988 195,702 152,360 163,846 178,354
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<DEPOSITS> 20,847,910 22,099,934 20,990,781 21,040,598 21,584,365
<SHORT-TERM> 1,817,943 4,679,132 2,623,420 3,468,039 3,664,269
<LIABILITIES-OTHER> 806,850 659,787 878,844 866,873 756,846
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<COMMON> 5,887 5,734 5,862 5,792 5,738
<OTHER-SE> 2,272,466 2,344,743 2,326,730 2,356,454 2,264,406
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<INTEREST-INVEST> 148,422 131,516 36,226 64,263 96,723
<INTEREST-OTHER> 181,355 246,293 61,673 121,534 181,416
<INTEREST-TOTAL> 2,427,441 2,581,561 639,107 1,269,285 1,915,872
<INTEREST-DEPOSIT> 1,048,390 1,061,414 265,370 523,282 787,727
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<CHANGES> 0 205,242 (205,242) (205,242) (205,242)
<NET-INCOME> 234,539 164,671 (126,649) (47,064) 88,721
<EPS-PRIMARY> 4.00 2.84 (2.15) (0.80) 1.52
<EPS-DILUTED> 3.94 2.80 (2.12) (0.79) 1.50
<YIELD-ACTUAL> 7.56 7.37 7.51 7.36 7.32
<LOANS-NON> 314,086 373,157 361,376 370,081 362,817
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<LOANS-TROUBLED> 45,222 84,082 46,683 56,992 60,732
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<CHARGE-OFFS> 44,656 31,239 8,360 14,231 23,398
<RECOVERIES> 1,451 697 210 331 508
<ALLOWANCE-CLOSE> 141,988 195,702 152,360 163,846 178,354
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