STATEFED FINANCIAL CORP
10KSB40, EX-21, 2000-09-28
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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                                   EXHIBIT 21

                           SUBSIDIARIES OF REGISTRANT

                         SUBSIDIARIES OF THE REGISTRANT

State of
Parent                             Subsidiary or                     Percent of
Incorporation                      Organization                      Ownership
-------------                      ------------                      ---------

StateFed Financial Corporation     State Federal Savings and Loan    100%
Federal
                                   Association of Des Moines
State Federal Savings and Loan
Association of Des Moines          State Service Corporation         100%
Iowa



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