| 1.   | I have reviewed this                Quarterly Report on Form 10-Q of Capitol Federal                Financial;                                                                                                                                                                                                                                                                                                                                  |   |
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| 2.   | Based on my knowledge,                this                report does not contain any untrue statement of a material fact or                omit to                state a material fact necessary to make the statements made, in light                of                the circumstances under which such statements were made, not misleading                with respect to the period covered by this report;                             |   |   |   |
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| 3.   | Based on my knowledge,                the                financial statements, and other financial information included in                this                report, fairly present in all material respects the financial condition,                results of operations and cash flows of the registrant as of and                for, the                periods presented in this report;                                                 |   |   |   |
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| 4.   | The registrant’s other                certifying officer and I are responsible for establishing and maintaining                disclosure controls and procedures (as defined in Exchange Act                Rules 13a-15(e) and 15d-l5(e)) and internal control over financial                reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f))                for                the registrant and have:  |   |   |   |

|   | a.   | Designed such disclosure                controls and procedures, or caused such disclosure controls and procedures                to be designed under our supervision, to ensure that material information                relating to the registrant, including its consolidated subsidiaries,                is                made known to us by others within those entities, particularly during                the                period in which this report is being prepared;                                        |   |
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|   | b.   | Designed such internal                control over financial reporting, or caused such internal control                over                financial reporting to be designed under our supervision, to provide                reasonable assurance regarding the reliability of financial reporting                and                the preparation of financial statements for external purposes in                accordance with generally accepted accounting principles;                                               |   |   |
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|   | c.   | Evaluated the effectiveness                of the registrant’s disclosure controls and procedures and presented in                this report our conclusions about the effectiveness of the disclosure                controls and procedures, as of the end of the period covered by this                report based on such evaluation; and                                                                                                                                                                          |   |   |
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|   | d.   | Disclosed in this                report any                change in the registrant’s internal control over financial reporting that                occurred during the registrant’s most recent fiscal quarter (the                registrant’s fourth fiscal quarter in the case of an annual report) that                has materially affected, or is reasonably likely to materially affect,                the                registrant’s internal control over financial reporting; and  |   |   |

| 5.   | The registrant’s other                certifying officer and I have disclosed, based on our most recent                evaluation of internal control over financial reporting, to the                registrant’s auditors and the audit committee of the registrant’s board of                directors (or persons performing the equivalent functions):  |
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|   | a.   | All significant deficiencies                and material weaknesses in the design or operation of internal control                over financial reporting which are reasonably likely to adversely                affect                the registrants ability to record, process, summarize and report                financial                information; and |   |
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|   | b.   | Any fraud, whether                or not                material, that involves management or other employees who have a                significant role in the registrant’s internal control over financial                reporting.                                                                                                                  |   |   |

| February 4,                2008  | By:   | /s/                Kent G. Townsend                                                                     |   |
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|                                  |            | Kent G.                Townsend                                                                                                                                                                                                                                                                                                                                        |   |
|                                  |            | Executive Vice President                and                Chief Financial Officer                                                                                                                                                                                                                                                                                          |   |