10-Q/A

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 10-Q

                                  AMENDMENT 1

For Quarter Ended September 30, 1997             Commission File Number 1-4629


                    GOLDEN WEST FINANCIAL CORPORATION
- -------------------------------------------------------------------------------


         Delaware                                 95-2080059
- --------------------------------    -------------------------------------------
(State or other jurisdiction of          (I.R.S. Employer Identification No.)
incorporation or organization)

1901 Harrison Street, Oakland, California           94612
- -----------------------------------------       ------------
(Address of principal executive offices)         (Zip Code)

Registrant's telephone number, including area code:      (510) 446-3420
                                                        ------------------


     Indicate  by check mark  whether the  registrant  (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days.

Yes        X           No
      -----------          -----------

     The  number of  shares  outstanding  of the  registrant's  common  stock on
October 31, 1997, was 56,803,844 shares.




SIGNATURES

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

                                  GOLDEN WEST FINANCIAL CORPORATION

Dated:  November 13, 1997          /s/ J. L. Helvey
                                  ---------------------------------------------
                                   J. L. Helvey
                                   Executive Vice President
                                  (duly authorized and principal financial
                                   officer)

EX-27.3

 

<ARTICLE>                9

       
                                                                         
<PERIOD-TYPE>                                   3-MOS           6-MOS             9-MOS
<FISCAL-YEAR-END>                         DEC-31-1996     DEC-31-1996       DEC-31-1996
<PERIOD-END>                              MAR-31-1997     JUN-30-1997       SEP-30-1997
<CASH>                                        132,972         130,667           140,898
<INT-BEARING-DEPOSITS>                              0               0                 0
<FED-FUNDS-SOLD>                              780,551         856,456                 0
<TRADING-ASSETS>                                    0               0                 0
<INVESTMENTS-HELD-FOR-SALE>                   818,999         808,000           783,522
<INVESTMENTS-CARRYING>                      3,969,251       3,846,002         3,724,677
<INVESTMENTS-MARKET>                        3,943,076       3,846,110         3,749,985
<LOANS>                                    30,698,538      31,821,887        32,723,212
<ALLOWANCE>                                   209,077         216,651           222,020
<TOTAL-ASSETS>                             38,530,009      39,095,082        39,228,359
<DEPOSITS>                                 22,943,924      24,036,660        24,234,947
<SHORT-TERM>                                4,764,477       4,431,565         4,542,826
<LIABILITIES-OTHER>                           741,839         734,564           778,399
<LONG-TERM>                                 7,665,877       7,401,403         7,096,967
<PREFERRED-MANDATORY>                               0               0                 0
<PREFERRED>                                         0               0                 0
<COMMON>                                        5,722           5,674             5,677
<OTHER-SE>                                  2,408,170       2,485,216         2,569,543
<TOTAL-LIABILITIES-AND-EQUITY>             38,530,009      39,095,082        39,228,359
<INTEREST-LOAN>                               565,063       1,148,722         1,758,899
<INTEREST-INVEST>                              34,283          68,494           105,908
<INTEREST-OTHER>                               74,933         147,302           217,913
<INTEREST-TOTAL>                              674,279       1,364,518         2,082,720
<INTEREST-DEPOSIT>                            280,320         574,442           889,337
<INTEREST-EXPENSE>                            455,587         929,246         1,425,303
<INTEREST-INCOME-NET>                         218,692         435,272           657,417
<LOAN-LOSSES>                                  20,695          33,806            43,786
<SECURITIES-GAINS>                                  0               0             2,831
<EXPENSE-OTHER>                                79,170         157,797           241,031
<INCOME-PRETAX>                               138,059         282,711           432,062
<INCOME-PRE-EXTRAORDINARY>                    138,059         282,711           432,062
<EXTRAORDINARY>                                     0               0                 0
<CHANGES>                                           0               0                 0
<NET-INCOME>                                   83,374         170,651           260,658
<EPS-PRIMARY>                                    1.45            2.99              4.57
<EPS-DILUTED>                                    1.43            2.94              4.50
<YIELD-ACTUAL>                                   7.37            7.35              7.42
<LOANS-NON>                                   389,625         361,860           344,655
<LOANS-PAST>                                        0               0                 0
<LOANS-TROUBLED>                               86,931          75,834            51,785
<LOANS-PROBLEM>                                58,243               0                 0
<ALLOWANCE-OPEN>                              195,702         195,702           195,702
<CHARGE-OFFS>                                   7,558          13,305            18,115
<RECOVERIES>                                      238             448               647
<ALLOWANCE-CLOSE>                             209,077         216,651           222,020
<ALLOWANCE-DOMESTIC>                          209,077         216,651           222,020
<ALLOWANCE-FOREIGN>                                 0               0                 0
<ALLOWANCE-UNALLOCATED>                             0               0                 0