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                                                                Exhibit 4(g)(ii)

                              DECLARATION OF TRUST
                                       OF
                       NEW YORK COMMUNITY CAPITAL TRUST II

     THIS DECLARATION OF TRUST is made as of April 18, 2002 (this
"Declaration"), by and among New York Community Bancorp, Inc., a Delaware
corporation, as sponsor (the "Sponsor"), Wilmington Trust Company, a Delaware
banking corporation, as Delaware trustee (the "Delaware Trustee"), and Joseph R.
Ficalora, Robert Wann and Thomas R. Cangemi, each as administrative trustee
(collectively, the "Administrative Trustees"). The Delaware Trustee and the
Administrative Trustees are referred to herein collectively as the "Trustees"
and each individually as a "Trustee." The Sponsor and the Trustees hereby agree
as follows:

i.        The trust created hereby shall be known as "New York Community Capital
          Trust II" (the "Trust"), in which name the Trustees or the Sponsor, to
          the extent provided herein, may conduct the business of the Trust,
          make and execute contracts, and sue and be sued.

ii.       The Sponsor hereby assigns, transfers, conveys and sets over to the
          Trust the sum of $10. The Trustees hereby acknowledge receipt of such
          amount in trust from the Sponsor, which amount shall constitute the
          initial trust estate. The Trustees hereby declare that they will hold
          the trust estate in trust for the Sponsor. It is the intention of the
          parties hereto that the Trust created hereby constitute a business
          trust under Chapter 38 of Title 12 of the Delaware Code, 12 Del.
                                                                      ---
          C. (S)3801, et seq. (the "Business Trust Act"), and that this
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          Declaration constitute the governing instrument of the Trust. The
          Trustees are hereby authorized and directed to execute and file a
          certificate of trust with the Secretary of State of the State of
          Delaware in the form attached to this Declaration.

iii.      The Sponsor and the Trustees will enter into an amended and restated
          Declaration of Trust satisfactory to each such party to provide for
          the contemplated operation of the Trust created hereby and the
          issuance by the Trust of the Preferred Securities and Common
          Securities referred to therein. Prior to the execution and delivery of
          such amended and restated Declaration of Trust (i) a Trustee shall not
          have any duty or obligation hereunder or with respect to the trust
          estate, except as otherwise required by applicable law, and (ii) the
          Sponsor shall take or cause to be taken any action as may be necessary
          to obtain prior to such execution and delivery any licenses, consents
          or approvals required by applicable law or otherwise. Notwithstanding
          the foregoing, a Trustee may take all actions which the Sponsor deems
          necessary, convenient or incidental to effect the transactions
          contemplated herein. The Trustees shall not have any duty or
          obligation under or in connection with this Declaration or any
          document contemplated hereby, except as expressly provided by the
          terms of this Declaration, and no implied duties or obligations shall
          be read into this Declaration against the Trustees. The right of a

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          Trustee to perform any discretionary act enumerated herein shall not
          be construed as a duty.

iv.       The Sponsor hereby agrees to (i) reimburse the Delaware Trustee for
          all reasonable expenses (including reasonable fees and expenses of
          counsel and other experts), (ii) indemnify, defend and hold harmless
          the Delaware Trustee and the officers, directors, employees and agents
          of the Delaware Trustee (collectively, including the Delaware Trustee
          in its individual capacity, the "Indemnified Persons") from and
          against any and all losses, damages, liabilities, claims, actions,
          suits, costs, expenses, disbursements (including the reasonable fees
          and expenses of counsel), taxes and penalties of any kind and nature
          whatsoever (collectively, "Expenses"), to the extent that such
          Expenses arise out of or are imposed upon or asserted at any time
          against such Indemnified Persons with respect to the performance of
          this Declaration, the creation, operation, administration or
          termination of the Trust, or the transactions contemplated hereby;
          provided, however, that the Sponsor shall not be required to indemnify
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          an Indemnified Person for Expenses to the extent such Expenses result
          from the willful misconduct, bad faith or negligence of such
          Indemnified Person, and (iii) advance to each such Indemnified Person
          Expenses (including reasonable fees and expenses of counsel) incurred
          by such Indemnified Person, in defending any claim, demand, action,
          suit or proceeding prior to the final disposition of such claim,
          demand, action, suit or proceeding upon receipt by the Sponsor of an
          undertaking, by or on behalf of such Indemnified Person, to repay such
          amount if it shall be determined that such Indemnified Person is not
          entitled to be indemnified therefor under this Section 4. The
          obligations of the Sponsor under this Section 4 shall survive the
          resignation or removal of the Delaware Trustee.

v.        The Sponsor, as sponsor of the Trust, is hereby authorized, in its
          discretion, (i) to prepare and distribute one or more offering
          memoranda in preliminary and final form, including any necessary or
          desirable amendments, relating to the offering and sale of Preferred
          Securities of the Trust in a transaction exempt from the registration
          requirements of the Securities Act of 1933, as amended (the "1933
          Act"), and such forms or filings as may be required by the 1933 Act,
          the Securities Exchange Act of 1934, as amended, or the Trust
          Indenture Act of 1939, as amended, in each case relating to the
          Preferred Securities of the Trust; (ii) to prepare, execute and file
          on behalf of the Trust, such applications, reports, surety bonds,
          irrevocable consents, appointments of attorney for service of process
          and other papers and documents that shall be necessary or desirable to
          register or establish the exemption from registration of the Preferred
          Securities of the Trust under the securities or "Blue Sky" laws of
          such jurisdictions as the Depositor, on behalf of the Trust, may deem
          necessary or desirable; (iii) to prepare, execute and file an
          application, and all other applications, statements, certificates,
          agreements and other instruments that shall be necessary or desirable,
          to have the Preferred

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          Securities listed on the Private Offerings, Resales and Trading
          through Automated Linkages ("PORTAL") Market and, if and at such time
          as determined by the Depositor, with the New York Stock Exchange or
          any other national stock exchange or the Nasdaq National Market for
          listing or quotation of the Preferred Securities of the Trust; (iv) to
          prepare, execute and deliver letters or documents to, or instruments
          for filing with, a depository relating to the Preferred Securities of
          the Trust; (v) to negotiate, execute, deliver and perform on behalf of
          the Trust one or more dealer/manager agreements, escrow agreements,
          subscription agreements and other similar or related agreements
          providing for or relating to the sale and issuance of the Preferred
          Securities of the Trust and/or any other interests in the Trust; and
          (vi) to prepare, execute and deliver on behalf of the Trust any and
          all documents, certificates, papers, instruments and other writings as
          it deems desirable in connection with any of the foregoing.

          In the event that any filing referred to in this Section 5 is required
          by the rules and regulations of Securities and Exchange Commission
          (the "Commission"), PORTAL or state securities or Blue Sky laws to be
          executed on behalf of the Trust by a trustee, the Delaware Trustee, in
          its capacity as a trustee of the Trust, so required to execute such
          filings is hereby authorized and directed to join in any such filing
          and to execute on behalf of the Trust any and all of the foregoing, it
          being understood that any Trustee, in its capacity as a trustee of the
          Trust, shall not be required to join in any such filing or execute on
          behalf of the Trust any such document unless required to do so by the
          rules and regulations of the Commission, PORTAL or applicable state
          securities or Blue Sky laws.

vi.       Each Trustee is authorized to take such action or refrain from taking
          such action under this Declaration as it may be directed in writing by
          the Sponsor from time to time; provided, however, that the Delaware
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          Trustee shall not be required to take or refrain from taking any such
          action if it shall have determined, or shall have been advised by
          counsel, that such performance is likely to involve the Delaware
          Trustee in personal liability or is contrary to the terms of this
          Declaration or of any document contemplated hereby to which the Trust
          or the Delaware Trustee is a party or is otherwise contrary to law. If
          at any time the Delaware Trustee determines that it requires or
          desires guidance regarding the application of any provision of this
          Declaration or any other document, or regarding compliance with any
          direction it received hereunder, then the Delaware Trustee may deliver
          a notice to the Sponsor requesting written instructions as to the
          course of action desired by the Sponsor, and such instructions shall
          constitute full and complete authorization and protection for actions
          taken and other performance by the Delaware Trustee in reliance
          thereon. Until the Delaware Trustee has received such instructions
          after delivering such notice, it may refrain from taking any action
          with respect to the matters described in such notice.

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vii.      The number of trustees of the Trust initially shall be two (2) and
          thereafter the number of trustees of the Trust shall be such number as
          shall be fixed from time to time by a written instrument signed by the
          Sponsor which may increase or decrease the number of trustees of the
          Trust; provided, however, to the extent required by the Business Trust
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          Act, there shall at all times be one trustee of the Trust that shall
          either be a natural person who is a resident of the State of Delaware
          or, if not a natural person, an entity which has its principal place
          of business in the State of Delaware and otherwise meets the
          requirements of applicable law. Subject to the foregoing, the Sponsor
          is entitled to appoint or remove without cause any trustee of the
          Trust at any time. Any trustee of the Trust may resign upon thirty
          days' prior notice to the Sponsor.

viii.     This Declaration may be executed in one or more counterparts.

ix.       This Declaration shall be governed by, and construed in accordance
          with, the laws of the State of Delaware (without regard to conflict of
          laws principles).

                            [SIGNATURE PAGE FOLLOWS]

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     IN WITNESS WHEREOF, the parties hereto have caused this Declaration of
Trust to be duly executed as of the day and year first above written.

                                  New York Community Bancorp, Inc.,
                                  as Sponsor



                                  By: /s/ Thomas R. Cangemi
                                     -------------------------------------------
                                  Name:   Thomas R. Cangemi
                                        ----------------------------------------
                                  Title:  EVP
                                         ---------------------------------------



                                  Wilmington Trust Company, as
                                  Delaware Trustee



                                  By: /s/ Donald G. MacKelcan
                                     -------------------------------------------
                                  Name:   Donald G. MacKelcan
                                        ----------------------------------------
                                  Title:  Vice President
                                         ---------------------------------------



                                  /s/ Joseph R. Ficalora
                                  ----------------------------------------------
                                  Joseph R. Ficalora, as Administrative Trustee



                                  /s/ Robert Wann
                                  ----------------------------------------------
                                  Robert Wann, as Administrative Trustee



                                  /s/ Thomas R. Cangemi
                                  ----------------------------------------------
                                  Thomas R. Cangemi, as Administrative Trustee

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