EXHIBIT 23.2


                         CONSENT OF SCOTT BANKHEAD & CO.











Board of Directors
Downey Financial Corp.

                       CONSENT OF INDEPENDENT ACCOUNTANTS

We hereby  consent to the use of our report dated June 26, 1997  relating to the
financial  statements of Downey Savings and Loan  Association,  F.A.  Employees'
Retirement  and  Savings  Plan for the year ended  December  31, 1995 and to the
incorporation by reference of the Form 11-K Plan's Registration  Statement under
the Securities Act of 1933, as amended.

/s/  Scott, Bankhead & Co.

June 26, 1997