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                                                                  EXHIBIT 23.2

                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS

As independent public accountants, we hereby consent to the use of our report 
included in this registration statement and to the incorporation by reference 
in this registration statement of our report dated February 10, 1999 included in
TeleBanc Financial Corporation's Form 10-K for the year ended December 31, 1998 
and to all references to our Firm included in this registration statement.

                                                    /s/ Arthur Andersen L.L.P.

Vienna, Virginia
March 19, 1999