BANKING & FINANCE - July 15, 1994

Golden West Corp. Earnings Off 11%: The Oakland-based parent of World Savings & Loan Assn. posted second-quarter net income of $61.9 million, or 98 cents a share, down from $70.6 million, or $1.10 a share. Marion O. Sandler, chairman and chief executive of Golden West, said the results were affected by “a lower profit margin and a faster-than-normal increase in administrative expenses.”