Exhibit 99

                     Press Release Dated December 13, 2001










Date:          December 13, 2001

Contact:       John J. Griffith
               Investor Relations Director
               (402) 514-5336

Commercial Federal Raises 2001 Earnings Outlook to Exceed Consensus Estimates

OMAHA, Nebraska, December 13, 2001--Commercial Federal Corporation (NYSE: CFB),
one of the largest financial institutions in the Midwest, today announced its
earnings outlook would exceed previous consensus estimates for 2001.  The
Company has increased its earnings per share projections for 2001 to more than
$1.86 per share.  Commercial Federal projects earnings per share of more than
$2.00 for 2002 (or approximately $2.16 per share considering the impact of SFAS
No. 142 on the cessation of goodwill amortization).

"Commercial Federal continues to outperform its targets and will exceed
consensus earnings estimates for the year 2001," said David S. Fisher, executive
vice president and chief financial officer.  "There has been little change in
the level of non-performing assets in the fourth quarter and we remain confident
in our ability to increase core profitability from Commercial Federal's
Midwestern regional banking franchise and in the quality of earnings going
forward."

Mr. Fisher concluded, "While we recognize the challenges posed by lower interest
rates and current economic conditions, we are aware of no other reasons for the
recent higher trading volume in our stock.  Management's focus remains on
executing our business plan and to providing long-term value to our
shareholders."

This release includes forward-looking statements that involve inherent risks and
uncertainties.  A number of important factors could cause actual results to
differ materially from those in the forward-looking statements.  Those factors
include the economic environment, competition, products and pricing in
geographic and business areas in which the Company operates, prevailing interest
rates, changes in government regulations and policies affecting financial
services companies, and credit quality and credit risk management.  The Company
undertakes no obligation to release revisions to these forward-looking
statements or reflect events or circumstances after the date of this release.

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