Exhibit 23




INDEPENDENT AUDITORS' CONSENT


We  consent  to  the  incorporation  by  reference in Registration Statement No.
33-99112 on Form S-8 and Registration Statement  No. 333-6859  on  Form  S-8  of
Monterey Bay Bancorp, Inc. of our report  dated  February 28, 1997, appearing in
this Annual Report on Form 10-K of Monterey Bay Bancorp, Inc. for the year ended
December 31, 1996.



Deloitte & Touche LLP
San Francisco, California
March 25, 1997


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