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[JOHN B. LOWY, P.C. LETTERHEAD]
August 2, 1996
Securities and Exchange Commission
450 Fifth Street N.W.
Washington, D.C. 20549
Attn: Mr. Herb Scholl,
EDGAR
Re: Homeowners Financial Corp.
SEC File Nos 0-25744 and 33-94882
Accession No. 0000950-123-96-004043
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Dear Mr. Scholl:
Pursuant to our telephone conversation, please delete Amendment No. 4
to the Registration Statement on Form SB-2 of Homeowners Financial Corp. (the
"Company"). The deletion is necessitated due to an error in a footnote to the
financial statements included therein. We will be refiling the Amendment
tomorrow.
If you need any additional information, please do not hesitate to
call.
Very truly yours,
Richard Feiner
RF:ah
HPCA0212.086
