1

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       The Securities Exchange Act of 1934



       Date of Report (Date of earliest event reported): January 22, 2001
                                                        -----------------


                              INDYMAC BANCORP, INC.
                              ---------------------
             (Exact name of registrant as specified in its charter)





                                                    
      Delaware                       1-08972                  95-3983415
  ---------------                  ------------           -------------------
  (State or other                  (Commission              (IRS Employer
  jurisdiction of                  File Number)           Identification No.)
   incorporation)



                155 North Lake Avenue, Pasadena, California 91101
          ------------------------------------------------------------
          (Address, including zip code, of principal executive office)

                                 (800) 669-2300
              ----------------------------------------------------
              (Registrant's telephone number, including area code)


   2

ITEM 5. OTHER EVENTS.

IndyMac Bancorp, Inc. Dividend Reinvestment and Stock Purchase Plan ("Plan")

As previously announced, the Board of Directors of IndyMac Bancorp, Inc. has
adopted a no dividend policy for the foreseeable future. Accordingly, the
dividend reinvestment feature of the Plan is not currently available. However,
optional cash payments of not less than $50 up to $10,000 per month will
continue to be accepted pursuant to the terms of the Plan, as outlined in the
Plan Prospectus dated March 1, 1999. An updated Schedule A, containing the
various dates relative to optional cash payments in 2001, is attached as Exhibit
99.1 hereto.


   3

ITEM 7. EXHIBITS.

Exhibit 99.1     IndyMac Bancorp, Inc. Dividend Reinvestment and Stock Purchase
                 Plan -- Schedule A


   4

                                    SIGNATURE

       Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                   INDYMAC BANCORP, INC.
                                      (Registrant)



                                   By:  /s/ Richard L. Sommers
                                      ------------------------------------------
                                      Richard L. Sommers
                                      Executive Vice President and
                                      General Counsel


Date:  January 22, 2001