Stock Repurchase Programs

6 Months Ended

Jun. 30, 2011

Stock Repurchase Programs [Abstract]

Stock Repurchase Programs

5. Stock Repurchase Programs

We have previously announced several stock repurchase programs. Under our stock repurchase programs, shares of Hudson City Bancorp common stock may be purchased in the open market or through other privately negotiated transactions, depending on market conditions. The repurchased shares are held as treasury stock for general corporate use. We did not purchase any of our common shares pursuant to the repurchase programs during the six months ended June 30, 2011. Included in treasury stock are vested shares related to stock awards that were surrendered for withholding taxes. These shares are included in treasury stock purchases in the consolidated statements of cash flows and amounted to 17,145 and 34,293 shares for the six months ended June 30, 2011 and 2010, respectively. As of June 30, 2011, there remained 50,123,550 shares that may be purchased under the existing stock repurchase programs.