Downey Financial 8-K Regulation FD Disclosure

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EXHIBIT 99.1

DOWNEY FINANCIAL CORP.
N E W S   R E L E A S E	For further information contact: Thomas E. Prince Chief Operating Officer and Chief Financial Officer (949) 509-4440

DOWNEY FINANCIAL CORP. ANNOUNCES THIRTEEN
MONTH SELECTED FINANCIAL DATA

          Newport Beach, California — December 13, 2005— Downey Financial Corp. (NYSE: DSL) today released monthly selected financial data for the thirteen months ended November 30, 2005.

          Downey Financial Corp. is the parent company of Downey Savings and Loan Association, F.A., with assets of $16.9 billion and 168 branches throughout California and four in Arizona.

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DOWNEY FINANCIAL CORP. AND SUBSIDIARIES
Monthly Selected Financial Data (Unaudited)

			Nov. 30,			Oct. 31,			Sep. 30,			Aug. 31,			Jul. 31,			Jun. 30,			May 31,			Apr. 30,			Mar. 31,			Feb. 28,			Jan. 31,			Dec. 31,			Nov. 30,
(Dollars in Thousands)			2005			2005			2005			2005			2005			2005			2005			2005			2005			2005			2005			2004			2004
Balance sheet summary
Total assets			$16,870,069			$16,763,374			$16,565,861			$16,505,777			$16,413,978			$16,612,127			$16,745,285			$16,906,123			$16,893,337			$16,233,501			$15,923,522			$15,648,808			$15,203,688
Loans receivable held for investment, net			15,232,976			15,082,813			14,847,884			14,567,033			14,429,760			14,492,386			14,425,685			14,529,387			14,473,108			14,424,639			13,969,002			13,423,999			12,845,864
Loans held for sale, at lower of cost or fair value			440,811			518,415			495,035			743,803			803,520			914,277			1,124,705			1,141,487			1,255,104			678,918			839,702			1,118,475			1,234,751
MBS available for sale, at fair value			279			281			284			286			290			292			293			295			296			299			302			304			311
Cash, investment securities and FHLB stock			916,316			879,761			944,076			917,964			894,302			929,485			927,229			966,502			898,940			861,234			858,270			860,124			842,832
Deposits			12,006,474			11,875,980			11,752,236			11,637,680			11,334,706			11,042,072			10,697,617			10,416,357			10,309,077			10,036,931			9,774,096			9,657,978			9,693,558
FHLB advances and other borrowings			3,157,731			3,212,749			3,162,808			3,203,623			3,490,750			4,002,757			4,492,992			4,983,058			5,093,874			4,716,531			4,707,152			4,559,622			4,012,823
Senior notes			198,073			198,059			198,045			198,031			198,018			198,004			197,991			197,977			197,964			197,951			197,938			197,924			197,911
Non-performing assets as a % of total assets			0.23	%		0.20	%		0.18	%		0.16	%		0.13	%		0.15	%		0.17	%		0.19	%		0.17	%		0.21	%		0.23	%		0.22	%		0.26	%
Loan activity for the month ended
Loans for investment portfolio:
	Originations and purchases:
		Residential one-to-four units	$594,911			$703,578			$746,481			$666,123			$ 397,213			$ 492,049			$ 279,148			$ 368,546			$ 357,944			$ 662,663			$ 722,400			$ 807,055			$ 413,452
		Residential one-to-four units – subprime	23,684			23,606			36,129			34,586			31,589			35,202			41,009			56,425			63,120			56,218			53,986			77,454			65,761
		All other	14,786			8,954			4,522			8,378			18,720			32,253			27,751			34,096			55,220			38,413			58,451			56,048			42,745
	Repayments		(504,379		)	(539,669		)	(543,155		)	(621,323		)	(526,645		)	(503,042		)	(462,942		)	(419,619		)	(449,098		)	(312,994		)	(281,557		)	(377,560		)	(338,681		)
Loans for sale:
	Originations and purchases		339,727			385,602			386,989			599,637			713,274			810,051			1,010,710			945,286			1,158,244			493,138			530,010			761,265			921,366
	Sales		(417,177		)	(359,235		)	(634,092		)	(656,393		)	(817,516		)	(1,016,857		)	(1,024,658		)	(1,051,258		)	(568,609		)	(651,797		)	(809,381		)	(856,545		)	(1,641,107		)
Mortgage loans serviced for others
Total			$10,501,925			$10,337,652			$11,444,758			$11,096,345			$10,709,634			$10,287,991			$9,471,603			$8,608,622			$8,043,655			$7,614,692			$7,064,568			$6,672,984			$12,440,154
With capitalized mortgage servicing rights:(a)
	Amount		2,348,056			2,324,376			2,310,726			2,277,835			2,247,326			2,249,030			2,248,824			2,243,492			2,207,403			2,175,539			2,144,177			2,100,452			3,320,091
	Weighted average interest rate		5.59	%		5.58	%		5.57	%		5.57	%		5.58	%		5.57	%		5.57	%		5.57	%		5.57	%		5.57	%		5.58	%		5.59	%		5.26	%
Interest rate spread data (b)
Weighted average yield:
	Loans and MBS		5.97	%		5.78	%		5.69	%		5.62	%		5.56	%		5.42	%		5.30	%		5.17	%		5.00	%		4.92	%		4.78	%		4.67	%		4.64	%
	Investment securities and FHLB stock		4.21			4.11			4.12			4.12			4.12			4.12			4.02			4.01			3.99			3.89			3.88			3.88			3.79
		Interest-earning assets yield	5.89			5.71			5.61			5.55			5.49			5.36			5.24			5.11			4.95			4.88			4.74			4.63			4.59
Weighted average cost:
	Deposits		2.88			2.81			2.74			2.67			2.53			2.46			2.38			2.26			2.14			2.04			1.97			1.89			1.83
	FHLB advances and other borrowings		4.48			4.31			4.15			3.90			3.74			3.57			3.41			3.23			3.08			2.90			2.78			2.77			2.63
	Senior notes		6.50			6.50			6.50			6.50			6.50			6.50			6.50			6.50			6.50			6.50			6.50			6.50			6.50
		Combined funds cost	3.25			3.17			3.08			2.98			2.86			2.80			2.73			2.62			2.50			2.37			2.29			2.23			2.13
Interest rate spread			2.64	%		2.53	%		2.53	%		2.57	%		2.63	%		2.56	%		2.51	%		2.49	%		2.45	%		2.51	%		2.45	%		2.40	%		2.46	%

(a)  Excludes loans sold or securitized prior to 1996 and loans sub-serviced without capitalized mortgage servicing rights.
(b)  Reflects month-end contractual yields and costs and excludes adjustments for non-accrual loans, net deferred costs to originate loans and the amortization of premiums and discounts.

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