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                  EXHIBIT 23.2 CONSENT OF KPMG PEAT MARWICK LLP


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                                                                    EXHIBIT 23.2




                         CONSENT OF INDEPENDENT AUDITORS



We consent to the  incorporation by reference in the  Registration  Statement on
Form S-8 of BostonFed Bancorp, Inc. (The "Company") of our report, dated January
30,  1997,  related  to the  consolidated  balance  sheets of the  Company as of
December  31, 1996 and 1995 and the  related  statements  of income,  changes in
stockholders'  equity  and cash  flows for each of the  years in the  three-year
period ending  December 31, 1996,  which report is included in the Annual Report
on Form 10-K of the  Company  for the year ended  December  31,  1996 and to the
reference to our firm under the heading "Interests of Named Experts and Counsel"
in the  Registration  Statement.  Our report refers to a change in the method of
accounting for mortgage servicing rights.



                                                   /s/ KPMG Peat Marwick LLP


Boston, Massachusetts
August 25, 1997