SecProbe.io

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November 30, 2005

Mail Stop 4561

By U.S. Mail and facsimile to (516)683-8344

Joseph R. Ficalora
President and Chief Executive Officer
New York Community Bancorp, Inc.
615 Merrick Avenue
Westbury, New York 11590

Re:	New York Community Bancorp, Inc.
Form 10-K for the year ended December 31, 2004
      Filed March 16, 2005
File No. 001-31565

Dear Mr. Ficalora:

      We have reviewed your filing and have the following
comments.
Where indicated, we think you should revise your document in
response
to these comments.  If you disagree, we will consider your
explanation as to why our comment is inapplicable or a revision is
unnecessary.  Please be as detailed as necessary in your
explanation.
In some of our comments, we may ask you to provide us with
information so we may better understand your disclosure.  After
reviewing this information, we may raise additional comments.

	Please understand that the purpose of our review process is
to
assist you in your compliance with the applicable disclosure
requirements and to enhance the overall disclosure in your filing.
We look forward to working with you in these respects.  We welcome
any questions you may have about our comments or any other aspect
of
our review.  Feel free to call us at the telephone numbers listed
at
the end of this letter.

Discussion and Reconciliation of GAAP and Operating Earnings, page
6,
and Discussion and Reconciliation of GAAP and Cash Earnings, page
7

1. Please tell us in detail why you have adjusted your Operating
Earnings, a non-GAAP financial measure, to eliminate recurring
items
such as gains of sales of branches and bank-owned property and
merger-related expenses.  Refer to the guidance in Item
10(e)(ii)(B)
of Regulation S-K. Also revise your disclosures in future filings
as
necessary.

2. Please provide us with a reconciliation of each per share basis
non-GAAP financial measure to the GAAP financial measure of
earnings
per share, and explain how these measures are used by management
and
in what way they provide meaningful information to investors.
Refer
to the guidance provided by Question 11 of the Frequently Asked
Questions Regarding the Use of Non-GAAP Financial Measures.
Please
revise your disclosures in future filings.

3. Please provide us with and include in future filings, all of
the
disclosures required by Item 10(e) of Regulation S-K for each non-
GAAP measures that are referenced within Management`s Discussion
and
Analysis or other items, including but not limited to:
* Tangible stockholders` equity (page 7) or capital (page 14);
* Tangible assets (page 31);
* Tangible book value per share (page 31); and
* Efficiency ratio on an operating basis (page 39).

Liquidity, Off-balance Sheet Arrangements and Contractual
Commitments, and Capital Position, page 28

4. Please revise in future to provide within your separately-
captioned section of Management`s Discussion and Analysis a robust
discussion of your off-balance sheet arrangements which includes
all
items required by Item 303(a)(4) of Regulation S-K.

* * * * *

As appropriate, please amend your filing and respond to these
comments within 10 business days or tell us when you will provide
us
with a response.  You may wish to provide us with marked copies of
the amendment to expedite our review.  Please furnish a cover
letter
with your amendment that keys your responses to our comments and
provides any requested information.  Detailed cover letters
greatly
facilitate our review.  Please understand that we may have
additional
comments after reviewing your amendment and responses to our
comments.

	 We urge all persons who are responsible for the accuracy and
adequacy of the disclosure in the filing to be certain that the
filing includes all information required under the Securities
Exchange Act of 1934 and that they have provided all information
investors require for an informed investment decision.  Since the
company and its management are in possession of all facts relating
to
a company`s disclosure, they are responsible for the accuracy and
adequacy of the disclosures they have made.

	In connection with responding to our comments, please
provide,
in writing, a statement from the company acknowledging that:

* the company is responsible for the adequacy and accuracy of the
disclosure in the filing;

* staff comments or changes to disclosure in response to staff
comments do not foreclose the Commission from taking any action
with
respect to the filing; and

* the company may not assert staff comments as a defense in any
proceeding initiated by the Commission or any person under the
federal securities laws of the United States.

      In addition, please be advised that the Division of
Enforcement
has access to all information you provide to the staff of the
Division of Corporation Finance in our review of your filing or in
response to our comments on your filing.

      You may contact Amanda Roberts, Staff Accountant, at
(202)551-
3417 or me at (202)551-3490 if you have questions.

Sincerely,

      Donald Walker
Senior Assistant Chief Accountant
Joseph R. Ficalora
New York Community Bancorp, Inc.
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