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   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;The accompanying consolidated financial statements include the accounts of Hudson City Bancorp and
   its wholly-owned subsidiary, Hudson City Savings.
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   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;In our opinion, all the adjustments (consisting of normal and recurring adjustments) necessary for
   a fair presentation of the consolidated financial condition and consolidated results of operations
   for the unaudited periods presented have been included. The results of operations and other data
   presented for the three and nine month periods ended September&amp;#160;30, 2010 are not necessarily
   indicative of the results of operations that may be expected for the year ending December&amp;#160;31, 2010.
   In preparing the consolidated financial statements, management is required to make estimates and
   assumptions that affect the reported amounts of assets and liabilities as of the date of the
   statements of financial condition and the results of operations for the period. Actual results
   could differ from these estimates. The allowance for loan losses (&amp;#8220;ALL&amp;#8221;) is a material estimate
   that is particularly susceptible to near-term change. The current economic environment has
   increased the degree of uncertainty inherent in this material estimate.
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   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;Certain information and note disclosures usually included in financial statements prepared in
   accordance with U.S. generally accepted accounting principles have been condensed or omitted
   pursuant to the rules and regulations of the Securities and Exchange Commission (&amp;#8220;SEC&amp;#8221;) for the
   preparation of the Form 10-Q. The consolidated financial statements presented should be read in
   conjunction with Hudson City Bancorp&amp;#8217;s audited consolidated financial statements and notes to
   consolidated financial statements included in Hudson City Bancorp&amp;#8217;s 2009 Annual Report to
   Shareholders and incorporated by reference into Hudson City Bancorp&amp;#8217;s 2009 Annual Report on Form
   10-K.
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