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EARNINGS

February 18, 1988

Home Federal Savings & Loan posted earnings of $103 million for 1987, virtually unchanged from its 1986 net of $103.7 million. The San Diego S&L said the 1987 results include a gain of $2.7 million from an accounting change and that income taxes for 1987 decreased by a total of $27.6 million. Revenue in 1987 was up 6% to $1.3 billion.

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