EXHIBIT 23.2


                Letter regarding Change in Certifying Accountant




June 27, 1997


Board of Directors
Downey Financial Corp.
3501 Jamboree Road
Newport Beach, CA 92660


We consent to the  description of the  statements  made by the registrant in the
current  Form  11-K  concerning  our  resignation  after the  completion  of the
independent  auditor's report and financial  statements for the plan year ending
December 31, 1995.

Very truly yours,



/s/ Scott, Bankhead & Co.