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    <title>Unassociated Document</title>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font style="DISPLAY: inline; COLOR: #000000;">&#160;&#160;&#160;&#160;&#160;As
      filed
      with the Securities and Exchange Commission on November 21,
      2007</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; COLOR: #000000;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Registration
      No.</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
      <hr style="COLOR: black" align="left" noshade size="3" width="100%">
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman;">UNITED
      STATES</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman;">SECURITIES
      AND EXCHANGE COMMISSION</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Washington,
      D.C. 20549</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">_________________________________________</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman;">Form
      S-8</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">REGISTRATION
      STATEMENT</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">under</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">THE
      SECURITIES ACT OF 1933</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">_________________________________________</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font style="DISPLAY: inline; COLOR: #000000;">Astoria</font><font style="DISPLAY: inline; COLOR: #000000;">
      Financial
      Corporation</font></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(Exact
      name of registrant as specified in its charter)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="42%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><strong><font style="DISPLAY: inline; COLOR: #000000;">Delaware</font></strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">(State
                or other jurisdiction of
                incorporation or organization)</font></font></div>
            </td>
            <td valign="top" width="42%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><strong><font style="DISPLAY: inline; COLOR: #000000;">11-3170868</font></strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">(I.R.S.
                Employer Identification
                No.)</font></font></div>
            </td>
          </tr>
          <tr>
            <td colspan="2" valign="bottom" width="84%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">One
                Astoria Federal Plaza</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Lake
                Success, New York 11042-1085</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(516)
                327-3000</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">(</font>Address,
                including Zip
                Code, of principal executive offices)</font></div>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">_________________________________________</font></div>
              <div>&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 16pt; FONT-FAMILY: Times New Roman;">Astoria
      Financial Corporation</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 16pt; FONT-FAMILY: Times New Roman;">2007
      Non-Employee Directors Stock Plan</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(Full
      title of the Plan)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">_________________________________________</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Mr.
      George L. Engelke, Jr.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Chairman
      and Chief Executive Officer</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Astoria
      Financial Corporation</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">One
      Astoria Federal Plaza</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Lake
      Success, New York 11042-1085</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(516)
      327-3000</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Copy
      to:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="42%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Alan
                P. Eggleston, Esq.</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Executive
                Vice President, Secretary and</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">General
                Counsel</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Astoria
                Financial Corporation</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">One
                Astoria Federal Plaza</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Lake
                Success, New York 11042-1085</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(516)
                327-3000</font></div>
            </td>
            <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="41%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">W.
                Edward Bright, Esq.</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Thacher
                Proffitt &amp; Wood LLP</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Two
                World Financial Center</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">New
                York, New York 10281</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(212)
                912-7400</font></div>
              <div>&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(Name
      and
      address, including Zip Code, telephone number and area code, of agent for
      service)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">_________________________________________</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>CALCULATION
      OF REGISTRATION FEE</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">
      <div>
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td valign="top" width="22%" style="BORDER-TOP: black 2.25pt double; BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Title
                  of Securities to be Registered</font></div>
              </td>
              <td valign="top" width="17%" style="BORDER-TOP: black 2.25pt double; BORDER-LEFT: black 0.75pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Amount
                  to be Registered (1)</font></div>
              </td>
              <td valign="top" width="17%" style="BORDER-TOP: black 2.25pt double; BORDER-LEFT: black 0.75pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Proposed
                  Maximum Offering </font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Price
                  Per Share (2)</font></div>
              </td>
              <td valign="top" width="17%" style="BORDER-TOP: black 2.25pt double; BORDER-LEFT: black 0.75pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Proposed
                  Maximum </font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Aggregate
                  Offering Price (2)</font></div>
              </td>
              <td valign="top" width="12%" style="BORDER-TOP: black 2.25pt double; BORDER-LEFT: black 0.75pt solid; BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Amount
                  of </font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Registration
                  Fee</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="22%" style="BORDER-BOTTOM: black 4px double">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Common
                  Stock, $0.01 par value</font></div>
              </td>
              <td valign="top" width="17%" style="BORDER-LEFT: black 0.75pt solid; BORDER-BOTTOM: black 4px double">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">100,000&#160;&#160;shares</font></div>
              </td>
              <td valign="top" width="17%" style="BORDER-LEFT: black 0.75pt solid; BORDER-BOTTOM: black 4px double">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">$24.05</font></div>
              </td>
              <td valign="top" width="17%" style="BORDER-LEFT: black 0.75pt solid; BORDER-BOTTOM: black 4px double">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">$2,405,000</font></div>
              </td>
              <td valign="top" width="12%" style="BORDER-LEFT: black 0.75pt solid; BORDER-BOTTOM: black 4px double">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">$73.84</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
    <div><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="justify" valign="top" width="86%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -18pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(1)&#160;&#160;
                Based on the number of shares of common stock of Astoria Financial
                Corporation (the &#8220;Company&#8221;) authorized for awards pursuant to the 2007
                Non-Employee Directors Stock Plan.&#160;&#160;This registration statement
                also covers an undetermined number of shares of common stock of the
                Company that, by reason of certain events specified in the Plan,
                may
                become issuable in respect of awards through the application of certain
                anti-dilution provisions.</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -18pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">(2)&#160;&#160;
</font><font style="DISPLAY: inline; COLOR: #000000;">Estimated
                solely for </font><font style="DISPLAY: inline; COLOR: #000000;">the </font><font style="DISPLAY: inline; COLOR: #000000;">purpose
                of calculating
                </font>the<font style="DISPLAY: inline; COLOR: #000000;"> registration
                fee
                in accordance with Rule 457 of the </font><font style="DISPLAY: inline; COLOR: #000000;">Securities
                Act of 1933, based on
                </font><font style="DISPLAY: inline; COLOR: #000000;">the average
                of the
                daily high and low sales prices of common stock of the Company on
                the
                </font><font style="DISPLAY: inline; COLOR: #000000;">New York Stock
                Exchange</font><font style="DISPLAY: inline; COLOR: #000000;"> at the close
                of trading as of</font><font style="DISPLAY: inline; COLOR: #000000;">
                November 19, 2007</font><font style="DISPLAY: inline; COLOR: #000000;">.</font></font></div>
              <div>&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>PART
        I</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>INFORMATION
        REQUIRED IN THE SECTION 10(a) PROSPECTUS</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font style="DISPLAY: inline; COLOR: #000000;">Item
        1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="DISPLAY: inline; COLOR: #000000;">Plan
        Information.</font></strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Not
        required to be filed with the Securities and Exchange Commission (the
&#8220;Commission&#8221;) pursuant to the Note to Part I of Form S-8.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font style="DISPLAY: inline; COLOR: #000000;">Item
        2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="DISPLAY: inline; COLOR: #000000;">Registrant Information
        and Employee Plan
        Annual Information.</font></strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Not
        required to be filed with the
        Commission pursuant to the Note to Part I of Form S-8.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        documents containing the information specified in this Part I will be sent
        or
        given to employees as specified by Rule 428(b)(1) of the Securities Act of
        1933
        (&#8220;Securities Act&#8221;). Such documents need not be filed with the Commission either
        as part of this registration statement or as prospectuses or prospectus
        supplements pursuant to Rule 424 of the Securities Act.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">These
        documents and the documents incorporated by reference in this registration
        statement pursuant to Item 3 of Part II of this form, taken together, constitute
        a prospectus that meets the requirements of Section 10(a) of the Securities
        Act.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>PART
        II</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font style="DISPLAY: inline; COLOR: #000000;">Item
        3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="DISPLAY: inline; COLOR: #000000;">Incorporation of Documents
        by
        Reference.</font></strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 54pt;"></font><font style="DISPLAY: inline; COLOR: #000000;">The
        following documents which have been
        filed with the Commission by the Registrant, are incorporated by
        reference:</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">

            <tr valign="top">
              <td align="right" style="WIDTH: 117pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(1)&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
                  description of Registrant&#8217;s Common Stock contained in Registrant&#8217;s
                  Registration Statement on Form 8-A, dated April 24,
                  2002;</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">

            <tr valign="top">
              <td align="right" style="WIDTH: 117pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(2)&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Registrant&#8217;s
                  Annual Report on Form 10-K for the fiscal year ended December 31,
                  2006;</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">

            <tr valign="top">
              <td align="right" style="WIDTH: 117pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(3)&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Registrant&#8217;s
                  Current Reports on Form 8-K filed on January 4, 2007, January 25,
                  2007,
                  February 2, 2007, February 6, 2007, February 21, 2007, March 9,
                  2007,
                  March 26, 2007, April 19, 2007, May 16, 2007, June 21, 2007, August
                  15,
                  2007, August 27, 2007, September 18, 2007 and November 5,
                  2007;</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">

            <tr valign="top">
              <td align="right" style="WIDTH: 117pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(4)&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Registrant&#8217;s
                  Quarterly Reports on Form 10-Q for the quarters ended March 31,
                  2007, June
                  30, 2007 and September 30, 2007;
                  and</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table cellpadding="0" cellspacing="0" id="list" width="100%">

            <tr valign="top">
              <td align="right" style="WIDTH: 117pt">
                <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(5)&#160;&#160;</font></div>
              </td>
              <td>
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">the
                  Registrant&#8217;s Proxy Statement for its Annual Meeting of Shareholders held
                  on May 16, 2007, filed by the Registrant pursuant to Section 14
                  of the
                  Securities Exchange Act of 1934 (&#8220;Exchange
                  Act&#8221;).</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">All
        documents subsequently filed by the Registrant pursuant to Sections 13(a),
        13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective
        amendment which indicates that all Common Stock offered hereby has been sold
        or
        which deregisters all Common Stock then remaining unsold, shall be deemed
        to be
        incorporated by reference into this registration statement and to be a part
        hereof from the date of filing of such documents. Any statement contained
        herein
        or in a document incorporated or deemed to be incorporated by reference herein
        shall be deemed to be modified or superseded for purposes of this registration
        statement to the extent that a statement contained herein or in any document
        which is or is deemed to be incorporated by reference herein modifies or
        supersedes such statement. Any statement so modified or superseded shall
        not be
        deemed, except as so modified or superseded, to constitute a part of this
        registration statement.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font style="DISPLAY: inline; COLOR: #000000;">Item
        4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="DISPLAY: inline; COLOR: #000000;">Description of
        Securities.</font></strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Not
        applicable.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font style="DISPLAY: inline; COLOR: #000000;">Item
        5.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="DISPLAY: inline; COLOR: #000000;">Interests of Named
        Experts and
        Counsel.</font></strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Not
        applicable.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font style="DISPLAY: inline; COLOR: #000000;">Item
        6.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="DISPLAY: inline; COLOR: #000000;">Indemnification of
        Directors and
        Officers.</font></strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
        145 of the Delaware General Corporation Law ("DGCL"), inter alia, empowers
        a
        Delaware corporation to indemnify any person who was or is a party or is
        threatened to be made a party to any threatened, pending or completed action,
        suit or proceeding (other than an action by or in the right of the corporation)
        by reason of the fact that such person is or was a director, officer, employee
        or agent of the corporation, or is or was serving at the request of the
        corporation as a director, officer, employee or agent of another corporation,
        or
        other enterprise, against expenses (including attorneys' fees), judgments,
        fines
        and amounts paid in settlement actually and reasonably incurred by him or
        her in
        connection with such action, suit or proceeding. If he or she acted in good
        faith and in a manner he or she reasonably believed to be in or not opposed
        to
        the best interest of the corporation, and, with respect to any criminal action
        or proceeding, had no reasonable cause to believe his conduct was
        unlawful.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Similar
        indemnity is authorized for such person against expenses (including attorneys'
        fees) actually and reasonably incurred in connection with the defense or
        settlement of any such threatened, pending or completed action or suit if
        such
        person acted in good faith and in a manner he or she reasonably believed
        to be
        in or not opposed to the best interests of the corporation, and provided
        further
        that (unless a court of competent jurisdiction otherwise provides) such person
        shall not have been adjudged liable to the corporation.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Any
        such
        indemnification (unless ordered by a court) may be made only as authorized
        in
        each specific case upon a determination by the shareholders or disinterested
        directors or by independent legal counsel in a written opinion that
        indemnification is proper because the indemnitee has met the applicable standard
        of conduct.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Section
        145 further authorizes a corporation to purchase and maintain insurance on
        behalf of any person who is or was a director, officer, employee or agent
        of the
        corporation, or is or was serving at the request of the corporation as a
        director, officer, employee or agent of another corporation or enterprise,
        against any liability asserted against him and incurred by him in any such
        capacity, or arising out of his status as such, whether or not the corporation
        would otherwise have the power to indemnify him under Section 145.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Article
        X
        of the Registrant's Certificate of Incorporation requires the Company, among
        other things, to indemnify to the fullest extent permitted by the DGCL, any
        person who is or was or has agreed to become a director or officer of the
        Registrant, who was or is made a party to, or is threatened to be made a
        party
        to, or has become a witness in, any threatened, pending or completed action,
        suit or proceeding, including actions or suits by or in the right of the
        Registrant, by reason of such agreement or service or the fact that such
        person
        is, was or has agreed to serve as a director, officer, employee or agent
        of
        another corporation or organization at the request of the
        Registrant.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Article
        X
        also empowers the Registrant to purchase and maintain insurance, at its expense,
        to protect itself and its directors and officers, and those who were or have
        agreed to become directors or officers, against any liability, regardless
        of
        whether or not the Registrant would have the power to indemnify those persons
        against such liability under the law or the provisions set forth in the
        Certificate of Incorporation. The Registrant may also grant rights to
        indemnification and to the advancement of expenses to its employees or agent
        to
        the fullest extent permitted by the provisions of Article X.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Article
        XI of the Registrant's Certificate of Incorporation provides that a director
        shall not be personally liable to the Registrant or its shareholders for
        damages
        for breach of his fiduciary duty as a director, except to the extent such
        exemption from liability or limitation thereof is expressly prohibited by
        the
        DGCL.&#160;&#160;If the DGCL is amended to authorize corporate action further
        eliminating or limiting the personal liability of directors, then the liability
        of a director of the Registrant shall be eliminated or limited to the fullest
        extent permitted by the DGCL, as so amended.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">In
        addition, the Registrant maintains a directors' and officers' liability
        policy.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font style="DISPLAY: inline; COLOR: #000000;">Item
        7.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="DISPLAY: inline; COLOR: #000000;">Exemption from Registration
        Claimed.</font></strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Not
        applicable.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font style="DISPLAY: inline; COLOR: #000000;">Item
        8.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="DISPLAY: inline; COLOR: #000000;">Exhibits.</font></strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

            <tr valign="top">
              <td style="WIDTH: 54pt">
                <div>&#160;</div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">4.1</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Astoria
                  Financial Corporation 2007 Non-Employee Directors Stock Plan, filed
                  as
                  Exhibit B to Registrant&#8217;s Proxy Statement for its Annual Meeting of
                  Shareholders held on May 16, 2007, filed by the Registrant pursuant
                  to
                  Section 14 of the Exchange Act, File No.
                  001-11967.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

            <tr valign="top">
              <td style="WIDTH: 54pt">
                <div>&#160;</div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">4.2</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Form
                  of Restricted Stock Award Notice under the 2007 Non-Employee Directors
                  Stock Plan.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

            <tr valign="top">
              <td style="WIDTH: 54pt">
                <div>&#160;</div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">4.3</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Certificate
                  of Incorporation of Astoria Financial Corporation, as amended effective
                  as
                  of June 3, 1998 and as further amended on September 6, 2006 and
                  September
                  20, 2006, incorporated by reference to Exhibit 3.1 to the Registrant&#8217;s
                  Annual Report on Form 10-K for the fiscal year ended December 31,
                  2006,
                  and filed on March 1, 2007 (File No.
                  001-11967).</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

            <tr valign="top">
              <td style="WIDTH: 54pt">
                <div>&#160;</div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">4.4</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Bylaws
                  of Astoria Financial Corporation, as amended May 19, 2004, incorporated
                  by
                  reference to Exhibit 3.2 to the Registrant&#8217;s Annual Report on Form 10-K
                  for the fiscal year ended December 31, 2006, and filed on March
                  1, 2007
                  (File No. 001-11967).</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

            <tr valign="top">
              <td style="WIDTH: 54pt">
                <div>&#160;</div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">5</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Opinion
                  of Thacher Proffitt &amp; Wood LLP, counsel for Registrant, as to the
                  legality of the securities being
                  registered.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

            <tr valign="top">
              <td style="WIDTH: 54pt">
                <div>&#160;</div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">23.1</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Consent
                  of Thacher Proffitt &amp; Wood LLP (included in Exhibit 5
                  hereof).</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
        <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

            <tr valign="top">
              <td style="WIDTH: 54pt">
                <div>&#160;</div>
              </td>
              <td style="WIDTH: 36pt">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">23.2</font></div>
              </td>
              <td>
                <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Consent
                  of KPMG LLP.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font style="DISPLAY: inline; COLOR: #000000;">Item
        9.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="DISPLAY: inline; COLOR: #000000;">Undertakings.</font></strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
        <div>&#160;</div>
        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">A.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>Rule
          415 offering</u>.&#160;&#160;The undersigned Registrant hereby
          undertakes:</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="MARGIN-LEFT: 9pt; TEXT-INDENT: 81pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(1)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">To
          file,
          during any period in which offers or sales are being made, a post-effective
          amendment to this Registration Statement:</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 108pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(i)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">To
          include any prospectus required by Section 10(a)(3) of the Securities
          Act;</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 108pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(ii)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">To
          reflect in the prospectus any facts or events arising after the effective
          date
          of the registration statement (or the most recent post-effective amendment
          thereof) which, individually or in the aggregate, represent a fundamental
          change
          in the information set forth in the registration statement; and</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 108pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(iii)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">To
          include any material information with respect to the plan of distribution
          not
          previously disclosed in the registration statement or any material change
          to
          such information in the registration statement;</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 108pt;"></font><em>Provided,
          however</em>, that
          paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the registration statement
          is on Form S-8, and the information required to be included in a post-effective
          amendment by those paragraphs is contained in reports filed with or furnished
          to
          the Commission by the Registrant pursuant to Section 13 or 15(d) of the
          Exchange
          Act that are incorporated by reference in the registration
          statement.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="MARGIN-LEFT: 9pt; TEXT-INDENT: 81pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(2)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">That,
          for
          the purpose of determining liability under the Securities Act, each such
          post-effective amendment shall be deemed to be a new registration statement
          relating to the securities offered therein, and the offering of such securities
          at that time shall be deemed to be the initial <em>bona fide</em> offering
          thereof.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="MARGIN-LEFT: 9pt; TEXT-INDENT: 81pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(3)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">To
          remove
          from registration by means of a post-effective amendment any of the securities
          being registered which remain unsold at the termination of the
          offering.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(4)&#160;&#160;&#160;&#160;&#160;&#160;&#160;That,
          for the purpose of determining liability of the Registrant under the Securities
          Act to any purchaser in the initial distribution of the securities:</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>The
          Registrant undertakes that in a
          primary offering of securities of the Registrant pursuant to this registration
          statement, regardless of the underwriting methods used to sell the securities
          to
          the purchaser, if the securities are offered or sold to such purchaser
          by means
          of any of the following communications, the Registrant will be a seller
          to the
          purchaser and will be considered to offer or sell such securities to such
          purchaser:</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Any
          preliminary prospectus or prospectus of the Registrant relating to the
          offering
          required to be filed pursuant to Rule 424;</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Any
          free writing prospectus relating to the offering prepared by or on behalf
          of the
          Registrant or used or referred to by the Registrant;</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The
          portion of any other free writing prospectus relating to the offering containing
          material information about the Registrant or its securities provided by
          or on
          behalf of the Registrant; and</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(iv)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Any
          other communication that is an offer in the offering made by the Registrant
          to
          the purchaser.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">B.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>Filings
          incorporating subsequent Exchange Act documents by reference</u>. The
          undersigned Registrant hereby undertakes that, for purposes of determining
          any
          liability under the Securities Act, each filing of the Registrant&#8217;s annual
          report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where
          applicable, each filing of an employee benefit plan&#8217;s annual report pursuant to
          Section 15(d) of the Exchange Act) that is incorporated by reference in
          the
          registration statement shall be deemed to be a new registration statement
          relating to the securities offered therein, and the offering of such securities
          at that time shall be deemed to be the initial <em>bona fide</em> offering
          thereof.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">C.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>Incorporated
          annual and quarterly reports</u>. The undersigned Registrant hereby undertakes
          to deliver or cause to be delivered with the prospectus, to each person
          to whom
          the prospectus is sent or given, the latest annual report to security holders
          that is incorporated by reference in the prospectus and furnished pursuant
          to
          and meeting the requirements of Rule 14a-3 or Rule 14c-3 under the Exchange
          Act;
          and, where interim financial information required to be presented by Article
          3
          of Regulation S-X is not set forth in the prospectus, to deliver, or cause
          to be
          delivered to each person to whom the prospectus is sent or given, the latest
          quarterly report that is specifically incorporated by reference in the
          prospectus to provide such interim financial information.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">D.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>Filing
          of registration on Form S-8</u>. Insofar as indemnification for liabilities
          arising under the Securities Act may be permitted to directors, officers
          and
          controlling persons of the Registrant pursuant to the foregoing provisions,
          or
          otherwise, the Registrant has been advised that in the opinion of the Commission
          such indemnification is against public policy as expressed in the Securities
          Act
          and is, therefore, unenforceable. In the event that a claim for indemnification
          against such liabilities (other than the payment by the Registrant for
          expenses
          incurred or paid by a director, officer or controlling person of the Registrant
          in the successful defense of any action, suit or proceeding) is asserted
          by such
          director, officer or controlling person in connection with the securities
          being
          registered, the Registrant will, unless in the opinion of its counsel the
          matter
          has been settled by controlling precedent, submit to a court of appropriate
          jurisdiction the question whether such indemnification by it is against
          public
          policy as expressed in the Securities Act and will be governed by the final
          adjudication of such issue.</font></div>
        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt">&#160;</div>
        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt">&#160;</div>
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left">
            </div>
          </div>
          <div id="PN" style="PAGE-BREAK-AFTER: always">
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
            </div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
          <div id="HDR">
            <div id="GLHDR" style="WIDTH: 100%" align="right">
            </div>
          </div>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman;"><strong><font style="DISPLAY: inline; COLOR: #000000;">SIGNATURES</font></strong></font></div>
        <div><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 72pt;"></font><font style="DISPLAY: inline; COLOR: #000000;">Pursuant
          to the requirements of the
          Securities Act of 1933, the Registrant certifies that it has reasonable
          grounds
          to believe that it meets all of the requirements for filing on Form S-8
          and has
          duly caused this registration statement to be signed on its behalf by the
          undersigned, thereunto duly authorized, in the Village of Lake Success,
          State of
          New York, on November 20, 2007.</font></font></div>
        <div><br></div>
        <div align="right">
          <table cellpadding="0" cellspacing="0" width="44%">

              <tr>
                <td align="left" colspan="2" valign="top" width="37%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">Astoria</font><font style="DISPLAY: inline; COLOR: #000000;">
                    Financial
                    Corporation</font></font></div>
                  <div>&#160;</div>
                </td>
                <td width="12%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              </tr>
              <tr>
                <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td valign="top" width="33%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                <td width="12%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              </tr>
              <tr>
                <td align="left" valign="top" width="4%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">By:</font></font></div>
                </td>
                <td align="left" valign="top" width="33%" style="BORDER-BOTTOM: black 2px solid">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">/S/
</font><font style="DISPLAY: inline; COLOR: #000000;">George</font><font style="DISPLAY: inline; COLOR: #000000;">
                    L. Engelke,
                    Jr.</font></font></div>
                </td>
                <td width="12%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              </tr>
              <tr>
                <td align="left" valign="top" width="4%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                </td>
                <td align="left" valign="top" width="33%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">George</font><font style="DISPLAY: inline; COLOR: #000000;">
                    L. Engelke,
                    Jr.</font></font></div>
                </td>
                <td width="12%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              </tr>
              <tr>
                <td align="left" valign="top" width="4%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                </td>
                <td align="left" valign="top" width="33%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">Chairman
                    and</font></font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">Chief
                    Executive
                    Officer</font></font></div>
                </td>
                <td width="12%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
              </tr>

          </table>
        </div>
        <div><br></div>
        <div><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Pursuant
          to the requirements of the Securities Act of 1933, this Registration Statement
          has been signed by the following persons in the capacities and on the dates
          indicated.</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
          <div align="center">
            <table cellpadding="0" cellspacing="0" width="88%">

                <tr>
                  <td align="left" valign="top" width="29%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">Name</font></font></div>
                    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                  </td>
                  <td width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                  <td align="left" valign="top" width="39%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">Title</font></font></div>
                  </td>
                  <td valign="top" width="28%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">Date</font></font></div>
                  </td>
                </tr>
                <tr>
                  <td align="left" valign="top" width="29%" style="BORDER-BOTTOM: black 2px solid">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">/S/
                      George L. Engelke,
                      Jr.</font></font></div>
                  </td>
                  <td width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                  <td align="left" rowspan="2" valign="top" width="39%">
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                    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
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                      20,
                      2007</font></font></div>
                    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                  </td>
                </tr>
                <tr>
                  <td align="left" valign="top" width="27%">
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                      L. Engelke,
                      Jr.</font></font></div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                  </td>
                  <td width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                </tr>
                <tr>
                  <td align="left" valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">/S/
                      Gerard C.
                      Keegan</font></font></div>
                  </td>
                  <td width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                  <td align="left" rowspan="2" valign="top" width="33%">
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                      Chairman, Chief
                      Administrative Officer and Director</font></font></div>
                    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                  </td>
                  <td rowspan="2" valign="top" width="22%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">November
                      20,
                      2007</font></font></div>
                    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                  </td>
                </tr>
                <tr>
                  <td align="left" valign="top" width="27%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">Gerard
                      C.
                      Keegan</font></font></div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                  </td>
                  <td width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                </tr>
                <tr>
                  <td align="left" valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">/S/
                      Frank </font><font style="DISPLAY: inline; COLOR: #000000;">E. Fusco</font></font></div>
                  </td>
                  <td width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                  <td align="left" rowspan="2" valign="top" width="33%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">Executive
                      Vice President,
                      Treasurer and Chief Financial Officer</font></font></div>
                    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                  </td>
                  <td rowspan="2" valign="top" width="22%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">November
                      20,
                      2007</font></font></div>
                    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                  </td>
                </tr>
                <tr>
                  <td align="left" valign="top" width="27%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">Frank
                      E. Fusco</font></font></div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                  </td>
                  <td width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                </tr>
                <tr>
                  <td align="left" valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">/S/
                      Andrew M.
                      Burger</font></font></div>
                  </td>
                  <td width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                  <td align="left" rowspan="2" valign="top" width="33%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">Director</font></font></div>
                    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                  </td>
                  <td rowspan="2" valign="top" width="22%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">November
                      20,
                      2007</font></font></div>
                    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                  </td>
                </tr>
                <tr>
                  <td align="left" valign="top" width="27%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">Andrew
                      M.
                      Burger</font></font></div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                  </td>
                  <td width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                </tr>
                <tr>
                  <td align="left" valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">/S/
                      John J. Conefry,
                      Jr.</font></font></div>
                  </td>
                  <td width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                  <td align="left" rowspan="2" valign="top" width="33%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">Director</font></font></div>
                  </td>
                  <td rowspan="2" valign="top" width="22%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">November
                      20,
                      2007</font></font></div>
                  </td>
                </tr>
                <tr>
                  <td align="left" valign="top" width="27%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">John
                      J. Conefry,
                      Jr.</font></font></div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                  </td>
                  <td width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                </tr>
                <tr>
                  <td align="left" valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">/S/
</font><font style="DISPLAY: inline; COLOR: #000000;">Denis
                      J.
                      Connors</font></font></div>
                  </td>
                  <td width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                  <td align="left" rowspan="2" valign="top" width="33%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">Director</font></font></div>
                  </td>
                  <td rowspan="2" valign="top" width="22%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">November
                      20,
                      2007</font></font></div>
                    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                  </td>
                </tr>
                <tr>
                  <td align="left" valign="top" width="27%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">Denis
                      J.
                      Connors</font></font></div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                  </td>
                  <td width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                </tr>
                <tr>
                  <td align="left" valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">/S/
                      Thomas J.
                      Donahue</font></font></div>
                  </td>
                  <td width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                  <td align="left" rowspan="2" valign="top" width="33%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">Director</font></font></div>
                  </td>
                  <td rowspan="2" valign="top" width="22%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">November
                      20,
                      2007</font></font></div>
                  </td>
                </tr>
                <tr>
                  <td align="left" valign="top" width="27%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">Thomas
                      J.
                      Donahue</font></font></div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                  </td>
                  <td width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                </tr>
                <tr>
                  <td align="left" valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">/S/
                      Peter C. Haeffner,
                      Jr.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></div>
                  </td>
                  <td width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                  <td align="left" rowspan="2" valign="top" width="33%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">Director</font></font></div>
                  </td>
                  <td rowspan="2" valign="top" width="22%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">November
                      20,
                      2007</font></font></div>
                    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                  </td>
                </tr>
                <tr>
                  <td align="left" valign="top" width="27%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">Peter
                      C. Haeffner,
                      Jr.</font></font></div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                  </td>
                  <td width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                </tr>
                <tr>
                  <td align="left" valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">/S/
                      Ralph F.
                      Palleschi</font></font></div>
                  </td>
                  <td width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                  <td align="left" rowspan="2" valign="top" width="33%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">Director</font></font></div>
                  </td>
                  <td rowspan="2" valign="top" width="22%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">November
                      20,
                      2007</font></font></div>
                    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                  </td>
                </tr>
                <tr>
                  <td align="left" valign="top" width="27%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">Ralph
                      F.
                      Palleschi</font></font></div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                  </td>
                  <td width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                </tr>
                <tr>
                  <td align="left" valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">/S/
                      Thomas V.
                      Powderly</font></font></div>
                  </td>
                  <td width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                  <td align="left" rowspan="2" valign="top" width="33%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">Director</font></font></div>
                  </td>
                  <td rowspan="2" valign="top" width="22%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">November
                      20,
                      2007</font></font></div>
                    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                  </td>
                </tr>
                <tr>
                  <td align="left" valign="top" width="27%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">Thomas
                      V.
                      Powderly</font></font></div>
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                  </td>
                  <td width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                </tr>
                <tr>
                  <td align="left" valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">/S/
                      Leo J.
                      Waters</font></font></div>
                  </td>
                  <td width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                  <td align="left" rowspan="2" valign="top" width="33%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">Director</font></font></div>
                  </td>
                  <td rowspan="2" valign="top" width="22%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">November
                      20,
                      2007</font></font></div>
                    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                  </td>
                </tr>
                <tr>
                  <td align="left" valign="top" width="27%">
                    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><font style="DISPLAY: inline; COLOR: #000000;">Leo
                      J.
                      Waters</font></font></div>
                  </td>
                  <td width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
                </tr>

            </table>
          </div>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div>&#160;

          <div align="center">&#160;</div>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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          INDEX</font></strong></font></div>
        <div><br></div>
        <div>
          <table cellpadding="0" cellspacing="0" width="100%">

              <tr>
                <td valign="bottom" width="13%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><strong><font style="DISPLAY: inline; COLOR: #000000;">Exhibit
                    Number</font></strong></font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                </td>
                <td valign="bottom" width="68%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: times new roman;"><strong><font style="DISPLAY: inline; COLOR: #000000;">Description</font></strong></font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="13%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">4.1</font></div>
                  <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                </td>
                <td align="justify" valign="top" width="68%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Astoria
                    Financial Corporation 2007 Non-Employee Directors Stock Plan
                    filed as
                    Exhibit B to Registrant&#8217;s Proxy Statement for its Annual Meeting of
                    Shareholders held on May 16, 2007, filed by the Registrant pursuant
                    to
                    Section 14 of the Exchange Act, File No. 001-11967.</font></div>
                  <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="13%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">4.2</font></div>
                  <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                </td>
                <td align="justify" valign="top" width="68%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Form
                    of Restricted Stock Award Notice under the 2007 Non-Employee
                    Directors
                    Stock Plan.</font></div>
                  <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="13%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">4.3</font></div>
                  <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                </td>
                <td align="justify" valign="top" width="68%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Certificate
                    of Incorporation of Astoria Financial Corporation, as amended
                    effective as
                    of June 3, 1998 and as further amended on September 6, 2006 and
                    September
                    20, 2006 incorporated by reference to Exhibit 3.1 to the Registrant&#8217;s
                    Annual Report on Form 10-K for the fiscal year ended December
                    31, 2006,
                    and filed on March 1, 2007 (File No. 001-11967).</font></div>
                  <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="13%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">4.4</font></div>
                  <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                </td>
                <td align="justify" valign="top" width="68%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Bylaws
                    of Astoria Financial Corporation, as amended May 19, 2004, incorporated
                    by
                    reference to Exhibit 3.2 to the Registrant&#8217;s Annual Report on Form 10-K
                    for the fiscal year ended December 31, 2006, and filed on March
                    1, 2007
                    (File No. 001-11967).</font></div>
                  <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="13%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">5</font></div>
                  <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                </td>
                <td align="justify" valign="top" width="68%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Opinion
                    of Thacher Proffitt &amp; Wood LLP, counsel for Registrant, as to the
                    legality of the securities being registered.</font></div>
                  <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="13%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">23.1</font></div>
                  <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                </td>
                <td align="justify" valign="top" width="68%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Consent
                    of Thacher Proffitt &amp; Wood LLP (included in Exhibit 5
                    hereof).</font></div>
                  <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="13%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">23.2</font></div>
                  <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                </td>
                <td align="justify" valign="top" width="68%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Consent
                    of KPMG LLP.</font></div>
                  <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="13%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
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[{"type": "S-8", "sequence": "1", "filename": "p07-1135_s8.htm", "description": "ASTORIA FINANCIAL CORPORATION", "secsgml_size_bytes": 111533}]
{"company-data": {"conformed-name": "ASTORIA FINANCIAL CORP", "cik": "0000910322", "assigned-sic": "6035", "irs-number": "113170868", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-147580", "film-number": "071263567"}, "business-address": {"street1": "ONE ASTORIA FEDERAL PLAZA", "city": "LAKE SUCCESS", "state": "NY", "zip": "11042-1085", "phone": "5163273000"}, "mail-address": {"street1": "ONE ASTORIA FEDERAL PLAZA", "city": "LAKE SUCCESS", "state": "NY", "zip": "11042-1085"}}
Unassociated Document
As
      filed
      with the Securities and Exchange Commission on November 21,
      2007
Registration
      No.
UNITED
      STATES
SECURITIES
      AND EXCHANGE COMMISSION
Washington,
      D.C. 20549
_________________________________________
Form
      S-8
REGISTRATION
      STATEMENT
under
THE
      SECURITIES ACT OF 1933
_________________________________________
Astoria
Financial
      Corporation
(Exact
      name of registrant as specified in its charter)
Delaware
(State
                or other jurisdiction of
                incorporation or organization)
11-3170868
(I.R.S.
                Employer Identification
                No.)
One
                Astoria Federal Plaza
Lake
                Success, New York 11042-1085
(516)
                327-3000
(
Address,
                including Zip
                Code, of principal executive offices)
_________________________________________
Astoria
      Financial Corporation
2007
      Non-Employee Directors Stock Plan
(Full
      title of the Plan)
_________________________________________
Mr.
      George L. Engelke, Jr.
Chairman
      and Chief Executive Officer
Astoria
      Financial Corporation
One
      Astoria Federal Plaza
Lake
      Success, New York 11042-1085
(516)
      327-3000
Copy
      to:
Alan
                P. Eggleston, Esq.
Executive
                Vice President, Secretary and
General
                Counsel
Astoria
                Financial Corporation
One
                Astoria Federal Plaza
Lake
                Success, New York 11042-1085
(516)
                327-3000
W.
                Edward Bright, Esq.
Thacher
                Proffitt & Wood LLP
Two
                World Financial Center
New
                York, New York 10281
(212)
                912-7400
(Name
      and
      address, including Zip Code, telephone number and area code, of agent for
      service)
_________________________________________
CALCULATION
      OF REGISTRATION FEE
Title
                  of Securities to be Registered
Amount
                  to be Registered (1)
Proposed
                  Maximum Offering
Price
                  Per Share (2)
Proposed
                  Maximum
Aggregate
                  Offering Price (2)
Amount
                  of
Registration
                  Fee
Common
                  Stock, $0.01 par value
100,000  shares
$24.05
$2,405,000
$73.84
(1)  
                Based on the number of shares of common stock of Astoria Financial
                Corporation (the "Company") authorized for awards pursuant to the 2007
                Non-Employee Directors Stock Plan.  This registration statement
                also covers an undetermined number of shares of common stock of the
                Company that, by reason of certain events specified in the Plan,
                may
                become issuable in respect of awards through the application of certain
                anti-dilution provisions.
(2)
Estimated
                solely for
the
purpose
                of calculating
the
registration
                fee
                in accordance with Rule 457 of the
Securities
                Act of 1933, based on
the average
                of the
                daily high and low sales prices of common stock of the Company on
                the
New York Stock
                Exchange
at the close
                of trading as of
November 19, 2007
.
PART
        I
INFORMATION
        REQUIRED IN THE SECTION 10(a) PROSPECTUS
Item
        1.
Plan
        Information.
Not
        required to be filed with the Securities and Exchange Commission (the
"Commission") pursuant to the Note to Part I of Form S-8.
Item
        2.
Registrant Information
        and Employee Plan
        Annual Information.
Not
        required to be filed with the
        Commission pursuant to the Note to Part I of Form S-8.
The
        documents containing the information specified in this Part I will be sent
        or
        given to employees as specified by Rule 428(b)(1) of the Securities Act of
        1933
        ("Securities Act"). Such documents need not be filed with the Commission either
        as part of this registration statement or as prospectuses or prospectus
        supplements pursuant to Rule 424 of the Securities Act.
These
        documents and the documents incorporated by reference in this registration
        statement pursuant to Item 3 of Part II of this form, taken together, constitute
        a prospectus that meets the requirements of Section 10(a) of the Securities
        Act.
PART
        II
Item
        3.
Incorporation of Documents
        by
        Reference.
The
        following documents which have been
        filed with the Commission by the Registrant, are incorporated by
        reference:
(1)
The
                  description of Registrant's Common Stock contained in Registrant's
                  Registration Statement on Form 8-A, dated April 24,
                  2002;
(2)
Registrant's
                  Annual Report on Form 10-K for the fiscal year ended December 31,
                  2006;
(3)
Registrant's
                  Current Reports on Form 8-K filed on January 4, 2007, January 25,
                  2007,
                  February 2, 2007, February 6, 2007, February 21, 2007, March 9,
                  2007,
                  March 26, 2007, April 19, 2007, May 16, 2007, June 21, 2007, August
                  15,
                  2007, August 27, 2007, September 18, 2007 and November 5,
                  2007;
(4)
Registrant's
                  Quarterly Reports on Form 10-Q for the quarters ended March 31,
                  2007, June
                  30, 2007 and September 30, 2007;
                  and
(5)
the
                  Registrant's Proxy Statement for its Annual Meeting of Shareholders held
                  on May 16, 2007, filed by the Registrant pursuant to Section 14
                  of the
                  Securities Exchange Act of 1934 ("Exchange
                  Act").
All
        documents subsequently filed by the Registrant pursuant to Sections 13(a),
        13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective
        amendment which indicates that all Common Stock offered hereby has been sold
        or
        which deregisters all Common Stock then remaining unsold, shall be deemed
        to be
        incorporated by reference into this registration statement and to be a part
        hereof from the date of filing of such documents. Any statement contained
        herein
        or in a document incorporated or deemed to be incorporated by reference herein
        shall be deemed to be modified or superseded for purposes of this registration
        statement to the extent that a statement contained herein or in any document
        which is or is deemed to be incorporated by reference herein modifies or
        supersedes such statement. Any statement so modified or superseded shall
        not be
        deemed, except as so modified or superseded, to constitute a part of this
        registration statement.
Item
        4.
Description of
        Securities.
Not
        applicable.
Item
        5.
Interests of Named
        Experts and
        Counsel.
Not
        applicable.
Item
        6.
Indemnification of
        Directors and
        Officers.
Section
        145 of the Delaware General Corporation Law ("DGCL"), inter alia, empowers
        a
        Delaware corporation to indemnify any person who was or is a party or is
        threatened to be made a party to any threatened, pending or completed action,
        suit or proceeding (other than an action by or in the right of the corporation)
        by reason of the fact that such person is or was a director, officer, employee
        or agent of the corporation, or is or was serving at the request of the
        corporation as a director, officer, employee or agent of another corporation,
        or
        other enterprise, against expenses (including attorneys' fees), judgments,
        fines
        and amounts paid in settlement actually and reasonably incurred by him or
        her in
        connection with such action, suit or proceeding. If he or she acted in good
        faith and in a manner he or she reasonably believed to be in or not opposed
        to
        the best interest of the corporation, and, with respect to any criminal action
        or proceeding, had no reasonable cause to believe his conduct was
        unlawful.
Similar
        indemnity is authorized for such person against expenses (including attorneys'
        fees) actually and reasonably incurred in connection with the defense or
        settlement of any such threatened, pending or completed action or suit if
        such
        person acted in good faith and in a manner he or she reasonably believed
        to be
        in or not opposed to the best interests of the corporation, and provided
        further
        that (unless a court of competent jurisdiction otherwise provides) such person
        shall not have been adjudged liable to the corporation.
Any
        such
        indemnification (unless ordered by a court) may be made only as authorized
        in
        each specific case upon a determination by the shareholders or disinterested
        directors or by independent legal counsel in a written opinion that
        indemnification is proper because the indemnitee has met the applicable standard
        of conduct.
Section
        145 further authorizes a corporation to purchase and maintain insurance on
        behalf of any person who is or was a director, officer, employee or agent
        of the
        corporation, or is or was serving at the request of the corporation as a
        director, officer, employee or agent of another corporation or enterprise,
        against any liability asserted against him and incurred by him in any such
        capacity, or arising out of his status as such, whether or not the corporation
        would otherwise have the power to indemnify him under Section 145.
Article
        X
        of the Registrant's Certificate of Incorporation requires the Company, among
        other things, to indemnify to the fullest extent permitted by the DGCL, any
        person who is or was or has agreed to become a director or officer of the
        Registrant, who was or is made a party to, or is threatened to be made a
        party
        to, or has become a witness in, any threatened, pending or completed action,
        suit or proceeding, including actions or suits by or in the right of the
        Registrant, by reason of such agreement or service or the fact that such
        person
        is, was or has agreed to serve as a director, officer, employee or agent
        of
        another corporation or organization at the request of the
        Registrant.
Article
        X
        also empowers the Registrant to purchase and maintain insurance, at its expense,
        to protect itself and its directors and officers, and those who were or have
        agreed to become directors or officers, against any liability, regardless
        of
        whether or not the Registrant would have the power to indemnify those persons
        against such liability under the law or the provisions set forth in the
        Certificate of Incorporation. The Registrant may also grant rights to
        indemnification and to the advancement of expenses to its employees or agent
        to
        the fullest extent permitted by the provisions of Article X.
Article
        XI of the Registrant's Certificate of Incorporation provides that a director
        shall not be personally liable to the Registrant or its shareholders for
        damages
        for breach of his fiduciary duty as a director, except to the extent such
        exemption from liability or limitation thereof is expressly prohibited by
        the
        DGCL.  If the DGCL is amended to authorize corporate action further
        eliminating or limiting the personal liability of directors, then the liability
        of a director of the Registrant shall be eliminated or limited to the fullest
        extent permitted by the DGCL, as so amended.
In
        addition, the Registrant maintains a directors' and officers' liability
        policy.
Item
        7.
Exemption from Registration
        Claimed.
Not
        applicable.
Item
        8.
Exhibits.
4.1
Astoria
                  Financial Corporation 2007 Non-Employee Directors Stock Plan, filed
                  as
                  Exhibit B to Registrant's Proxy Statement for its Annual Meeting of
                  Shareholders held on May 16, 2007, filed by the Registrant pursuant
                  to
                  Section 14 of the Exchange Act, File No.
                  001-11967.
4.2
Form
                  of Restricted Stock Award Notice under the 2007 Non-Employee Directors
                  Stock Plan.
4.3
Certificate
                  of Incorporation of Astoria Financial Corporation, as amended effective
                  as
                  of June 3, 1998 and as further amended on September 6, 2006 and
                  September
                  20, 2006, incorporated by reference to Exhibit 3.1 to the Registrant's
                  Annual Report on Form 10-K for the fiscal year ended December 31,
                  2006,
                  and filed on March 1, 2007 (File No.
                  001-11967).
4.4
Bylaws
                  of Astoria Financial Corporation, as amended May 19, 2004, incorporated
                  by
                  reference to Exhibit 3.2 to the Registrant's Annual Report on Form 10-K
                  for the fiscal year ended December 31, 2006, and filed on March
                  1, 2007
                  (File No. 001-11967).
5
Opinion
                  of Thacher Proffitt & Wood LLP, counsel for Registrant, as to the
                  legality of the securities being
                  registered.
23.1
Consent
                  of Thacher Proffitt & Wood LLP (included in Exhibit 5
                  hereof).
23.2
Consent
                  of KPMG LLP.
Item
        9.
Undertakings.
A.
Rule
          415 offering
.  The undersigned Registrant hereby
          undertakes:
(1)
To
          file,
          during any period in which offers or sales are being made, a post-effective
          amendment to this Registration Statement:
(i)
To
          include any prospectus required by Section 10(a)(3) of the Securities
          Act;
(ii)
To
          reflect in the prospectus any facts or events arising after the effective
          date
          of the registration statement (or the most recent post-effective amendment
          thereof) which, individually or in the aggregate, represent a fundamental
          change
          in the information set forth in the registration statement; and
(iii)
To
          include any material information with respect to the plan of distribution
          not
          previously disclosed in the registration statement or any material change
          to
          such information in the registration statement;
Provided,
          however
, that
          paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the registration statement
          is on Form S-8, and the information required to be included in a post-effective
          amendment by those paragraphs is contained in reports filed with or furnished
          to
          the Commission by the Registrant pursuant to Section 13 or 15(d) of the
          Exchange
          Act that are incorporated by reference in the registration
          statement.
(2)
That,
          for
          the purpose of determining liability under the Securities Act, each such
          post-effective amendment shall be deemed to be a new registration statement
          relating to the securities offered therein, and the offering of such securities
          at that time shall be deemed to be the initial
bona fide
offering
          thereof.
(3)
To
          remove
          from registration by means of a post-effective amendment any of the securities
          being registered which remain unsold at the termination of the
          offering.
(4)       That,
          for the purpose of determining liability of the Registrant under the Securities
          Act to any purchaser in the initial distribution of the securities:
The
          Registrant undertakes that in a
          primary offering of securities of the Registrant pursuant to this registration
          statement, regardless of the underwriting methods used to sell the securities
          to
          the purchaser, if the securities are offered or sold to such purchaser
          by means
          of any of the following communications, the Registrant will be a seller
          to the
          purchaser and will be considered to offer or sell such securities to such
          purchaser:
(i)           Any
          preliminary prospectus or prospectus of the Registrant relating to the
          offering
          required to be filed pursuant to Rule 424;
(ii)           Any
          free writing prospectus relating to the offering prepared by or on behalf
          of the
          Registrant or used or referred to by the Registrant;
(iii)           The
          portion of any other free writing prospectus relating to the offering containing
          material information about the Registrant or its securities provided by
          or on
          behalf of the Registrant; and
(iv)           Any
          other communication that is an offer in the offering made by the Registrant
          to
          the purchaser.
B.
Filings
          incorporating subsequent Exchange Act documents by reference
. The
          undersigned Registrant hereby undertakes that, for purposes of determining
          any
          liability under the Securities Act, each filing of the Registrant's annual
          report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where
          applicable, each filing of an employee benefit plan's annual report pursuant to
          Section 15(d) of the Exchange Act) that is incorporated by reference in
          the
          registration statement shall be deemed to be a new registration statement
          relating to the securities offered therein, and the offering of such securities
          at that time shall be deemed to be the initial
bona fide
offering
          thereof.
C.
Incorporated
          annual and quarterly reports
. The undersigned Registrant hereby undertakes
          to deliver or cause to be delivered with the prospectus, to each person
          to whom
          the prospectus is sent or given, the latest annual report to security holders
          that is incorporated by reference in the prospectus and furnished pursuant
          to
          and meeting the requirements of Rule 14a-3 or Rule 14c-3 under the Exchange
          Act;
          and, where interim financial information required to be presented by Article
          3
          of Regulation S-X is not set forth in the prospectus, to deliver, or cause
          to be
          delivered to each person to whom the prospectus is sent or given, the latest
          quarterly report that is specifically incorporated by reference in the
          prospectus to provide such interim financial information.
D.
Filing
          of registration on Form S-8
. Insofar as indemnification for liabilities
          arising under the Securities Act may be permitted to directors, officers
          and
          controlling persons of the Registrant pursuant to the foregoing provisions,
          or
          otherwise, the Registrant has been advised that in the opinion of the Commission
          such indemnification is against public policy as expressed in the Securities
          Act
          and is, therefore, unenforceable. In the event that a claim for indemnification
          against such liabilities (other than the payment by the Registrant for
          expenses
          incurred or paid by a director, officer or controlling person of the Registrant
          in the successful defense of any action, suit or proceeding) is asserted
          by such
          director, officer or controlling person in connection with the securities
          being
          registered, the Registrant will, unless in the opinion of its counsel the
          matter
          has been settled by controlling precedent, submit to a court of appropriate
          jurisdiction the question whether such indemnification by it is against
          public
          policy as expressed in the Securities Act and will be governed by the final
          adjudication of such issue.
SIGNATURES
Pursuant
          to the requirements of the
          Securities Act of 1933, the Registrant certifies that it has reasonable
          grounds
          to believe that it meets all of the requirements for filing on Form S-8
          and has
          duly caused this registration statement to be signed on its behalf by the
          undersigned, thereunto duly authorized, in the Village of Lake Success,
          State of
          New York, on November 20, 2007.
Astoria
Financial
                    Corporation
By:
/S/
George
L. Engelke,
                    Jr.
George
L. Engelke,
                    Jr.
Chairman
                    and
Chief
                    Executive
                    Officer
Pursuant
          to the requirements of the Securities Act of 1933, this Registration Statement
          has been signed by the following persons in the capacities and on the dates
          indicated.
Name
Title
Date
/S/
                      George L. Engelke,
                      Jr.
Chairman,
                      Chief Executive Officer
                      and Director
November
                      20,
                      2007
George
                      L. Engelke,
                      Jr.
/S/
                      Gerard C.
                      Keegan
Vice
                      Chairman, Chief
                      Administrative Officer and Director
November
                      20,
                      2007
Gerard
                      C.
                      Keegan
/S/
                      Frank
E. Fusco
Executive
                      Vice President,
                      Treasurer and Chief Financial Officer
November
                      20,
                      2007
Frank
                      E. Fusco
/S/
                      Andrew M.
                      Burger
Director
November
                      20,
                      2007
Andrew
                      M.
                      Burger
/S/
                      John J. Conefry,
                      Jr.
Director
November
                      20,
                      2007
John
                      J. Conefry,
                      Jr.
/S/
Denis
                      J.
                      Connors
Director
November
                      20,
                      2007
Denis
                      J.
                      Connors
/S/
                      Thomas J.
                      Donahue
Director
November
                      20,
                      2007
Thomas
                      J.
                      Donahue
/S/
                      Peter C. Haeffner,
                      Jr.
Director
November
                      20,
                      2007
Peter
                      C. Haeffner,
                      Jr.
/S/
                      Ralph F.
                      Palleschi
Director
November
                      20,
                      2007
Ralph
                      F.
                      Palleschi
/S/
                      Thomas V.
                      Powderly
Director
November
                      20,
                      2007
Thomas
                      V.
                      Powderly
/S/
                      Leo J.
                      Waters
Director
November
                      20,
                      2007
Leo
                      J.
                      Waters
EXHIBIT
          INDEX
Exhibit
                    Number
Description
4.1
Astoria
                    Financial Corporation 2007 Non-Employee Directors Stock Plan
                    filed as
                    Exhibit B to Registrant's Proxy Statement for its Annual Meeting of
                    Shareholders held on May 16, 2007, filed by the Registrant pursuant
                    to
                    Section 14 of the Exchange Act, File No. 001-11967.
4.2
Form
                    of Restricted Stock Award Notice under the 2007 Non-Employee
                    Directors
                    Stock Plan.
4.3
Certificate
                    of Incorporation of Astoria Financial Corporation, as amended
                    effective as
                    of June 3, 1998 and as further amended on September 6, 2006 and
                    September
                    20, 2006 incorporated by reference to Exhibit 3.1 to the Registrant's
                    Annual Report on Form 10-K for the fiscal year ended December
                    31, 2006,
                    and filed on March 1, 2007 (File No. 001-11967).
4.4
Bylaws
                    of Astoria Financial Corporation, as amended May 19, 2004, incorporated
                    by
                    reference to Exhibit 3.2 to the Registrant's Annual Report on Form 10-K
                    for the fiscal year ended December 31, 2006, and filed on March
                    1, 2007
                    (File No. 001-11967).
5
Opinion
                    of Thacher Proffitt & Wood LLP, counsel for Registrant, as to the
                    legality of the securities being registered.
23.1
Consent
                    of Thacher Proffitt & Wood LLP (included in Exhibit 5
                    hereof).
23.2
Consent
                    of KPMG LLP.