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EXHIBIT 11
Golden West Financial Corporation
Statement of Computation of Basic and Diluted Earnings Per Share
(Dollars in thousands except per share figures)
Three Months Ended Six Months Ended
June 30 June 30
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2000 1999 2000 1999
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<S> <C> <C> <C> <C>
Net Earnings $ 133,262 $ 122,387 $ 259,196 $ 242,755
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Weighted Average Shares 157,999,885 167,665,377 158,979,248 168,698,412
Add: Options outstanding at period end 6,735,779 5,526,915 6,735,779 5,526,915
Less: Shares assumed purchased back with
proceeds of options exercised 5,141,709 3,895,077 5,487,657 3,921,822
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Diluted Average Shares Outstanding 159,593,955 169,297,215 160,227,370 170,303,505
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Basic Earnings Per Share $ .84 $ .73 $ 1.63 $ 1.44
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Diluted Earnings Per Share $ .84 $ .72 $ 1.62 $ 1.43
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