EXHIBIT 23

                        CONSENT OF INDEPENDENT AUDITORS

We consent to incorporation by reference in the Registration Statement 
(No. 33-83770) on Form S-8 of Quaker City Bancorp, Inc. of our report dated July
30, 1996, relating to the consolidated statements of financial condition of 
Quaker City Bancorp, Inc. and subsidiaries as of June 30, 1996 and 1995 and the 
related consolidated statements of operations, stockholders' equity and cash 
flows for each of the years in the three-year period ended June 30, 1996, which 
report appears in the June 30, 1996 annual report on Form 10-K of Quaker City 
Bancorp, Inc.

                                           /s/ KPMG Peat Marwick LLP

Los Angeles, California                        KPMG Peat Marwick LLP
September 27, 1996