Consolidated Statements of Income (Unaudited) (USD $) In Thousands, except Share data	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Interest and Dividend Income:
First mortgage loans	$ 380,375	$ 426,244	$ 763,328	$ 854,405
Consumer and other loans	4,077	4,654	8,225	9,413
Mortgage-backed securities held to maturity	55,761	92,319	116,977	202,445
Mortgage-backed securities available for sale	69,415	129,790	191,507	251,382
Investment securities held to maturity	32,708	49,627	65,535	96,691
Investment securities available for sale	57	5,203	832	15,549
Dividends on Federal Home Loan Bank of New York stock	9,632	9,167	22,433	21,540
Federal funds sold	707	576	1,418	1,025
Total interest and dividend income	552,732	717,580	1,170,255	1,452,450
Interest Expense:
Deposits	84,360	95,670	168,678	199,589
Borrowed funds	195,463	304,396	472,267	604,202
Total interest expense	279,823	400,066	640,945	803,791
Net interest income	272,909	317,514	529,310	648,659
Provision for Loan Losses	30,000	50,000	70,000	100,000
Net interest income after provision for loan losses	242,909	267,514	459,310	548,659
Non-Interest Income:
Service charges and other income	2,732	2,584	5,471	4,814
Gain on securities transactions, net		30,626	102,468	61,394
Total non-interest income	2,732	33,210	107,939	66,208
Non-Interest Expense:
Compensation and employee benefits	29,889	32,789	60,773	66,951
Net occupancy expense	8,030	7,924	16,455	16,271
Federal deposit insurance assessment	33,198	13,300	49,528	25,927
Loss on extinguishment of debt			1,172,092
Other expense	14,720	10,583	27,557	21,978
Total non-interest expense	85,837	64,596	1,326,405	131,127
Income (loss) before income tax expense (benefit)	159,804	236,128	(759,156)	483,740
Income Tax Expense (Benefit)	63,796	93,537	(299,500)	192,264
Net income (loss)	$ 96,008	$ 142,591	$ (459,656)	$ 291,476
Basic Earnings (Loss) Per Share	$ 0.19	$ 0.29	$ (0.93)	$ 0.59
Diluted Earnings (Loss) Per Share	$ 0.19	$ 0.29	$ (0.93)	$ 0.59
Weighted Average Number of Common Shares Outstanding:
Basic	494,137,888	492,888,447	493,993,685	492,728,025
Diluted	494,751,960	494,406,802	493,993,685	494,807,046