H. F. AHMANSON & COMPANY - Home Savings of America - Savings of America   
NEWS
4900 Rivergrade Road
Irwindale, California 91706
(818) 814-7922

FOR IMMEDIATE RELEASE                   Contacts:
                                        Media:    Mary Trigg
                                                  818-814-7922
                                        Investor: Steve Swartz
                                                  818-814-7986

        AHMANSON BOARD APPROVES STOCK REPURCHASE PROGRAM

     IRWINDALE, CA, October 3, 1995 -- H. F. Ahmanson & Company, (AHM-
NYSE), parent company of Home Savings of America, today announced that 
its Board of Directors authorized a stock repurchase program enabling 
the Company to repurchase up to $250 million of its common stock and/or 
common stock equivalents from time to time.

     Charles R. Rinehart, Chairman and Chief Executive Officer of 
Ahmanson and Home Savings, said,  "When we announced the sale of our New 
York branch system earlier this year, we emphasized our commitment to 
enhance shareholder value.  The stock repurchase program is an important 
step in achieving this commitment.  The Company remains well-capitalized 
and is well-positioned to benefit from our strategy to become a full 
service consumer bank."

     H. F. Ahmanson & Company, with approximately $50 billion in assets, 
is the parent company of Home Savings of America.  Home's deposit base 
is $35 billion.  It operates 335 retail branches in four states and 117 
mortgage lending offices in 11 

     Additional information about H. F. Ahmanson & Company and Home 
Savings of America can be retrieved free of charge using the following 
services:

                 Internet: invest.quest.columbus.oh.us
                 Fax-on-Demand:  (614) 844-3860
                 On-line BBS: (614) 844-3868