<PAGE>
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the Quarter Ended March 31, 1997
OR
TRANSITION REPORT UNDER SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Commission File Number: 1-9566
FirstFed Financial Corp.
(Exact name of registrant as specified in its charter)
Delaware 95-4087449
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
401 Wilshire Boulevard
Santa Monica, California 90401-1490
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:(310) 319-6000
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
_____ _____
As of May 1, 1997, 10,560,402 shares of the Registrant's $.01 par
value common stock were outstanding.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned thereunto duly
authorized.
FIRSTFED FINANCIAL CORP.
------------------------
Registrant
Date: May 13, 1998
By /s/ BABETTE E. HEIMBUCH
-----------------------
Babette E. Heimbuch
President and
Chief Executive Officer
By /s/ DOUGLAS J. GODDARD
----------------------
Douglas J. Goddard
Chief Financial Officer
and Executive Vice President
19
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<TABLE> <S> <C>
<ARTICLE> 9
<LEGEND>
This schedule contains summary financial information extracted from
the company's Consolidated Statement of Operations and Consolidated
Statements of Financial Condition and is qualified in its entirety
by reference to such financial statements.
</LEGEND>
<CIK> 0000810536
<NAME> FIRSTFED FINANCIAL CORP.
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> MAR-31-1997
<CASH> 28,623
<INT-BEARING-DEPOSITS> 107,000
<FED-FUNDS-SOLD> 0
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 796,066
<INVESTMENTS-CARRYING> 0
<INVESTMENTS-MARKET> 0
<LOANS> 3,070,294
<ALLOWANCE> 65,038
<TOTAL-ASSETS> 4,129,737
<DEPOSITS> 2,033,787
<SHORT-TERM> 1,801,921
<LIABILITIES-OTHER> 48,879
<LONG-TERM> 50,000
0
0
<COMMON> 115
<OTHER-SE> 195,035
<TOTAL-LIABILITIES-AND-EQUITY> 4,129,737
<INTEREST-LOAN> 70,449
<INTEREST-INVEST> 3,239
<INTEREST-OTHER> 0
<INTEREST-TOTAL> 73,685
<INTEREST-DEPOSIT> 22,898
<INTEREST-EXPENSE> 49,653
<INTEREST-INCOME-NET> 24,032
<LOAN-LOSSES> 6,000
<SECURITIES-GAINS> 0
<EXPENSE-OTHER> 11,911
<INCOME-PRETAX> 9,032
<INCOME-PRE-EXTRAORDINARY> 9,032
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 5,168
<EPS-PRIMARY> .49
<EPS-DILUTED> .48
<YIELD-ACTUAL> 2.23
<LOANS-NON> 58,447
<LOANS-PAST> 0
<LOANS-TROUBLED> 6,628
<LOANS-PROBLEM> 26,774
<ALLOWANCE-OPEN> 75,648
<CHARGE-OFFS> 4,663
<RECOVERIES> 953
<ALLOWANCE-CLOSE> 77,938
<ALLOWANCE-DOMESTIC> 77,938
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 0
</TABLE>
