Exhibit 23


                        CONSENT OF INDEPENDENT AUDITORS


We consent to the incorporation by reference in this Annual Report (Form 10-K)
of St. Paul Bancorp, Inc. of our report dated January 20, 1995 included in the
1994 Annual Report to Shareholders of St. Paul Bancorp, Inc.

We also consent to the incorporation by reference in the Registration Statement
(Form S-8 No. 33-11890) pertaining to the St. Paul Federal Bank For Savings
Profit Sharing and Savings Plan of our report dated January 20, 1995, with
respect to the consolidated financial statements of St. Paul Bancorp, Inc.
incorporated by reference in the Annual Report (Form 10-K) for the year ended
December 31, 1994.



                                               Ernst & Young LLP

March 27, 1995
Chicago, Illinois