UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT
TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. )*
REDFED BANKCORP INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
757341 10 2
(CUSIP Number)
*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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SCHEDULE 13G
CUSIP NO. 757341 10 2 PAGE 2 OF 4 PAGES
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NYL Trust Company EIN # 13-3808042
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK, NEW YORK
NUMBER OF 5. SOLE VOTING POWER 498,715
SHARES
BENEFICIALLY 6. SHARED VOTING POWER 0
OWNED BY
EACH 7. SOLE DISPOSITIVE POWER 498,715
REPORTING
PERSON 8. SHARED DISPOSITIVE POWER 0
WITH
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 498,715
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.1%
12. TYPE OF REPORTING PERSON*
BK
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
United States Securities and Exchange Commission
Washington, D.C. 20549
Schedule 13G
Under The Securities Exchange Act of 1934
CUSIP NO. 757341 10 2 PAGE 3 OF 4 PAGES
Item 1(a) Name of issuer: RedFed Bancorp Inc.
Item 1(b) Addres of issuer's principal executive offices:
300 East State Street
Redlands, CA 92373
Item 2(a) Name of person filing: NYL Trust Company
Item 2(b) Address of principal business office:
51 Madison Avenue, Room 117A
New York, NY 10010
Item 2(c) Citizenship: See item 4 of Cover Page
Item 2(d) Title of class of securities: See Cover Page
Item 2(e) CUSIP No.: See Cover Page
Item 3(b) Type of person: See item 12 of Cover Page
Item 4(a) Amount beneficially owned: NYL Trust Company, in its capacity as
trustee of the Redlands Federal Bank Employee 401(k) Savings Plan
and the Redlands Federal Bank Employee Stock Ownership Plan, may be
deemed the beneficial owner of 498,715 shares of common stock of
the issuer which are owned by the Plan on behalf of numerous
participants.
Item 4(b) Percentage of class: 9.1%
Item 4(c) For information regarding voting and dispositive power with
respect to the above listed shares see items 5-8 of Cover Page.
Item 5 Ownership of 5 percent or less of a class: Not Applicable
Item 6 Ownership of more than 5 percent on behalf of another person:
Shares as to which this schedule is filed are owned by the
Redlands Federal Bank Employee 401(k) Savings Plan and the Redlands
Federal Bank Employee Stock Ownership Plan on behalf of numerous
participants, which participants receive dividends and the proceeds
from the sale of such shares. No such participant is known to have
such an interest with respect to more than 5% of the class except
as follows: None
Item 7 Identification and classification of members of the subsidiary which
acquired the security being reported on by the parent holding
company: Not Applicable
<PAGE>
CUSIP NO. 757341 10 2 PAGE 4 of 4 PAGES
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.
SIGNATURE
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.
Dated: FEBRUARY 7, 1997
/s/ WILLIAM V. ZALESKI
-----------------------------------------------
Name/Title William V. Zaleski, President
NYL Trust Company
