PAGE 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A AMENDMENT NUMBER 1
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 1994
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from _________ to _________
Commission file number 1-4629
GOLDEN WEST FINANCIAL CORPORATION
Delaware 95-2080059
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
1901 Harrison Street, Oakland, California 94612
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (510) 446-3420
Indicate by check mark whether the Registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such shorter
period that the Registrant was required to file such reports), and (2) has
been subject to such filing requirements for the past 90 days.
Yes X No
As of October 1, 1994, there were 60,478,055 shares of common stock
outstanding.
PAGE 2
Item 6 of the quarterly report filed pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934 for the quarterly period ended
September 30, 1994, is hereby amended in full as follows:
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits
11 - Statement of Computation of Earnings Per Share
27 - Financial Data Schedule
PAGE 3
EXHIBIT 27
Golden West Financial Corporation
Financial Data Schedule
($000s omitted except per share amounts)
Three Months Ended Nine Months Ended
September 30 September 30
------------------ -----------------
Cash due from banks $ 151,581
Interest-bearing deposits 97,947
Federal funds sold - purchased securities for resale 177,000
Trading account assets -0-
Investments and mortgage-backed securities held for sale 2,371,842
Investments and mortgage-backed securities held to
maturity - carrying value 522,700
Investments and mortgage-backed securities held to
maturity - market value -0-*
Loans 25,670,613
Allowance for losses 123,262
Total assets 30,066,501
Deposits 18,530,133
Short-term borrowings 626,687
Other liabilities 731,384
Long-term debt 8,114,724
Preferred stock - mandatory redemption -0-
Preferred stock - no mandatory redemption -0-
Common stocks 6,096
Other stockholders' equity 2,057,477
Total liabilities and stockholders' equity 30,066,501
Interest and fees on loans $411,573 1,205,624
Interest and dividends on investments 31,551 92,239
Other interest income 25,037 79,454
Total interest income 468,161 1,377,317
Interest on deposits 180,584 512,580
Total interest expense 290,975 825,409
Net interest income 177,186 551,908
Provision for loan losses 15,996 50,434
Investment securities losses (73) (106)
Other expenses 75,817 223,579
Income before income tax 95,159 310,540
Income before extraordinary items 95,159 310,540
Extraordinary items, less tax -0- -0-
Cumulative change in accounting principles -0- -0-
Net income 56,125 183,364
Earnings per share - primary 0.91 2.91
Earnings per share - fully diluted 0.91 2.91
Net yield - interest earning assets - actual 6.60%
Loans on non-accrual 342,192
Accruing loans past due 90 days or more -0-
Troubled debt restructuring 61,608
Potential problem loans -0-
Allowance for loan loss - beginning of period 118,587 106,698
Total chargeoffs 11,621 34,646
Total recoveries 300 776
Allowance for loan loss - end of period 123,262
Loan loss allowance allocated to domestic loans 123,262
Loan loss allowance allocated to foreign loans -0-
Loan loss allowance - unallocated -0-
*Data only provided at yearend.
PAGE 4
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
GOLDEN WEST FINANCIAL CORPORATION
Dated: December 30, 1994. /s/ J. L. Helvey
Group Senior Vice President (duly
authorized and principal
financial officer)