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)       October 19, 2004

                          Washington Federal, Inc.
          (Exact name of registrant as specified in its charter)

  Washington                           0-25454                     91-1661606
(State or other jurisdiction    (Commission File Number)        (IRS Employer
of incorporation)                                          Identification No.)

425 Pike Street, Seattle, Washington                                 98101
(Address of principal executive offices)                           (Zip Code)

Registrant's telephone number, including area code       (206) 624-7930

                              Not Applicable
(Former name, former address and former fiscal year, if changed since last

Item 8.01.   Other events

     Washington Federal, Inc. (the Company) (Nasdaq: WFSL), parent company of 
Washington Federal Savings, has reviewed the accounting treatment of the
Company's cash flow hedges under Statement of Financial Accounting Standards
No. 133, "Accounting for Derivative Instruments and Hedging Activities"
(FAS 133).  The result of this review was that certain portions of net
unrealized gains on such cash flow hedges were incorrectly recorded in prior
period financial statements as a part of stockholders' equity through other
comprehensive income and will now be recorded to net income in the Company's
restated financial statements for fiscal years 2001 through 2003.  The
Company's audit committee and independent registered public accounting firm
have discussed the Company's adjustment.  The cumulative impact of
the restatement is an increase in net income of approximately $7,735,000 or
1.92% in the aggregate, when compared with the aggregate of previously
reported net income for the fiscal years 2001 through 2003.  This
restatement affects the following periods as shown:

                                    Year Ended September 30,
                              2003           2002            2001
                              In thousands, except per share data

Pre-Tax Earnings
      Previous           $  224,565      $  222,354      $  175,464
      As restated           223,722         229,196         181,410
        % change               -0.4%           +3.1%           +3.4%

Net Income
      Previous           $  145,544      $  143,954      $  113,614
      As restated           144,999         148,384         117,464
        % change               -0.4%           +3.1%           +3.4%

Diluted Earnings Per Share
      Previous           $     1.88      $     1.86      $     1.47
      As restated              1.88            1.91            1.52
        % change                0.0%           +2.7%           +3.4%

Stockholders' equity
      Previous           $1,055,596      $  960,718      $  874,009
      As restated         1,055,596         960,718         874,009
        % change                0.0%            0.0%            0.0%

     The Company intends to file an amended annual report on Form 10-K for
the fiscal year ended September 30, 2003 to reflect these changes.

This restatement will increase earnings in the 4th fiscal quarter of 2004
by approximately $420,000.  The Company has determined that the impact
on each of the first three quarters of fiscal 2004 is not material.


     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 thereunto duly authorized.

                                  WASHINGTON FEDERAL, INC.

Dated: October 19, 2004           By: /s/ Brent J. Beardall
                                      Brent J. Beardall
                                      Senior Vice President and
                                      Chief Financial Officer