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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ________________) *
FIRSTFED FINANCIAL CORPORATION
(Name of Issuer)
COMMON STOCK, $0.01 par value
(Title of Class of Securities)
337907 10 9
(CUSIP Number)
Check the following box if a fee is being paid with this
statement . (A fee is not required only if the filing
person: (1) has a previous statement on file reporting
beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent
or less of such class.) (See Rule 13d-7).
* The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided
in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP NO. 337907 10 9 13G Page 2 of 5
1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
First Federal Bank of California
Employee Stock Ownership Plan and Trust dated January 1,
1985.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) X
(b)
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (parent holding company)
NUMBER OF 5. SOLE VOTING POWER
SHARES 418,371
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 585,801
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 1,004,173
PERSON 8. SHARED DISPOSITIVE POWER
WITH - 0 -
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,004,173
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.57%
12. TYPE OF REPORTING PERSON*
EP
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SCHEDULE 13G
Item 1 (a) Name of Issuer:
FirstFed Financial Corp.
Item 1 (b) Address of Issuer's Principal Executive Offices:
401 Wilshire Blvd., Santa Monica, CA. 90401
Item 2 (a) Name of Person Filing:
First Federal Bank of California Employees Stock Ownership
Plan and Trust dated 01/01/85
Item 2 (b) Address of Principal Business Office or, if none, Residence:
401 Wilshire Blvd., Santa Monica, CA. 90401
Item 2 (c) Citizenship:
Delaware (Parent Holding Company)
Item 2 (d) Title of Class of Securities:
Common Stock
Item 2 (e) CUSIP Number:
337907 10 9
Item 3 If this statement is filed pursuant to Rules 13d-1(b),
or 13d-2(b), check whether the person filing is a:
(a)[ ]Broker or Dealer registered under Section 15 of the Act
(b)[ ]Bank as defined in section 3(a)(6) of the Act
(c)[ ]Insurance Company as defined in section 3(a)(19)of the Act
(d)[ ]Investment Company registered under section 8 of the
Investment Company Act
(e)[ ]Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940
(f)[X]Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income Security
Act of 1974 or Endowment Fund; see Rule 3d-1(b)(1)(ii)(F)
(g)[ ]Parent Holding Company, in accordance with Rule 13d-1 (b)
(ii) (G) (Note: See Item 7)
(h)[ ]Group, in accordance with Rule 13d-1(b)(1)(ii)(H)
Item 4. Ownership.
(a) Amount Beneficially Owned:
1,004,173
(b) Percent of Class:
5.57%
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SCHEDULE 13G
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote......... 418,371
(ii) shared power to vote or to direct the vote....... 585,801
(iii)sole power to dispose or to direct the disposition of: 1,004,173
(iv) shared power to dispose or to direct the disposition of NONE
Item 5.
Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as
of the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following. [X]
Item 6.
Ownership of More than Five Percent on Behalf of Another Person.
Not applicable
Item 7.
Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company
Not applicable
Item 8.
Identification and Classification of Members of the Group
Not applicable
Item 9.
Notice of Dissolution of Group
Not applicable
Item 10.
Certification
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the control
of the issuer of such securities and were not acquired in connection
with or as a participant in any transaction having such purpose or effect.
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct.
February 1, 2000
ANN E. LEDERER
Ann E. Lederer, Member, ESOP Administrative Committee
(see attached Certification)
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SCHEDULE 13G
Certificate
I, the undersigned Secretary of FirstFed Financial Corp., do
hereby certify that the following is a true and correct excerpt from
the Minutes of a duly called meeting of the Board of Directors of said
corporation held on April 21, 1999, at which a quorum was present and
acting throughout:
"Upon a motion duly made, seconded and unanimously passed by
the Board the E.S.O.P. Administrative Committee was re-established to
be composed of Retired Bank Senior Vice President, Murray Tanner,
and Bank Officers Ann E. Lederer and Shannon Millard, all to serve until
the Company's next annual meeting."
WITNESS my hand and the seal of the corporation this 1st day of
February, 2000.
ANN E. LEDERER
Ann E. Lederer
Secretary
FirstFed Financial Corp.
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