Consolidated Statements of Operations (Unaudited) (USD $) In Thousands, except Share data	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Interest and Dividend Income:
First mortgage loans	$ 375,672	$ 417,071	$ 1,139,000	$ 1,271,476
Consumer and other loans	3,792	4,525	12,017	13,938
Mortgage-backed securities held to maturity	49,554	82,783	166,531	285,228
Mortgage-backed securities available for sale	58,631	123,841	250,138	375,223
Investment securities held to maturity	27,474	47,415	93,009	144,106
Investment securities available for sale	55	2,443	887	17,992
Dividends on Federal Home Loan Bank of New York stock	8,841	10,128	31,274	31,668
Federal funds sold	519	604	1,937	1,629
Total interest and dividend income	524,538	688,810	1,694,793	2,141,260
Interest Expense:
Deposits	81,538	90,526	250,216	290,115
Borrowed funds	198,357	307,950	670,624	912,152
Total interest expense	279,895	398,476	920,840	1,202,267
Net interest income	244,643	290,334	773,953	938,993
Provision for Loan Losses	25,000	50,000	95,000	150,000
Net interest income after provision for loan losses	219,643	240,334	678,953	788,993
Non-Interest Income:
Service charges and other income	3,094	2,842	8,565	7,656
Gain on securities transactions, net		31,017	102,468	92,411
Total non-interest income	3,094	33,859	111,033	100,067
Non-Interest Expense:
Compensation and employee benefits	27,201	32,054	87,974	99,005
Net occupancy expense	8,711	8,275	25,166	24,546
Federal deposit insurance assessment	33,866	15,000	83,394	40,927
Loss on extinguishment of debt			1,172,092
Other expense	13,883	10,377	41,440	32,355
Total non-interest expense	83,661	65,706	1,410,066	196,833
Income (loss) before income tax expense (benefit)	139,076	208,487	(620,080)	692,227
Income Tax Expense (Benefit)	54,873	83,918	(244,627)	276,182
Net income (loss)	$ 84,203	$ 124,569	$ (375,453)	$ 416,045
Basic Earnings (Loss) Per Share	$ 0.17	$ 0.25	$ (0.76)	$ 0.84
Diluted Earnings (Loss) Per Share	$ 0.17	$ 0.25	$ (0.76)	$ 0.84
Weighted Average Number of Common Shares Outstanding:
Basic	494,966,393	493,164,078	493,994,559	492,873,570
Diluted	495,089,402	493,983,690	493,994,559	494,489,274