SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549



FORM 10-Q





Quarterly Report Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934



For the period ended:			  September 30, 1995





NORTH FORK BANCORPORATION, INC.
(Exact name of registrant as specified in its charter)





	DELAWARE							                                 36-315460
(State or other Jurisdiction of				         		(I.R.S. Employer
incorporation or organization)					           Identification No.)





	9025 ROUTE 25, MATTITUCK, NEW YORK		          11952
(Address of principal executive offices)			  (Zip Code)





(516) 298-5000
(Registrant's telephone number, including area code)







Indicate by check mark whether the Registrant (1) has filed all
reports required to be filed by Section 13 or 15 (d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days:				Yes (X)      No ( )





           Indicate the number of shares outstanding of each of
the issuer's classes of common stock, as of the latest
practicable date.





CLASSES OF COMMON STOCK		      NUMBER OF SHARES OUTSTANDING  11/13/95 
 $2.50 Par Value						                               24,817,564


<PAGE>

INDEX

PART I FINANCIAL INFORMATION


ITEM 1.	FINANCIAL STATEMENTS.

		North Fork Bancorporation, Inc. and Subsidiaries

		(1.)	Consolidated Balance Sheets.
		(2.)	Consolidated Statements of Income.
		(3.)	Consolidated Statements of Cash Flows.
		(4.)	Consolidated Statements of Changes in Stockholders'
       Equity.
		(5.)	Notes to Consolidated Financial Statements.


ITEM 2.	MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
        CONDITION AND RESULTS OF OPERATIONS.




PART II.  OTHER INFORMATION


ITEM 1.	LEGAL PROCEEDINGS
      		Not Applicable.

		
ITEM 2.	CHANGES IN SECURITIES
      		Not Applicable.


ITEM 3.	DEFAULTS UPON SENIOR SECURITIES
      		Not Applicable.

<PAGE>
PART II.  OTHER INFORMATION (continued)




ITEM 4.	SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
		Not Applicable



ITEM 5.	OTHER INFORMATION
		Not Applicable


ITEM 6.	EXHIBITS AND REPORTS ON FORM 8-K

		The following exhibits are submitted herewith:


(a)	Exhibit #	        Description

			(11)  	       	Statement Re: Computation of per share earnings.

			(27)	         	Financial Data Schedule

		

		(b) Current Reports on Form 8-K: dated September 19, 1995 
      Current Reports on Form 8-K: dated 	September 29,1995	 

<PAGE>			

			 

			
<TABLE>
Consolidated Balance Sheets 			

(in thousands, except per share amounts) 	
                                 Sept. 30, 1995 	Dec.31, 1994  	Sept. 30, 1994  
                                   (unaudited) 	 	                (unaudited) 
<S>                               <C>             <C>            <C>

Assets 			
Cash & Due from Banks 	            $100,625 	       $67,168	       $75,502 
Interest Earning Deposits 	           1,153 	           748 	          585 
Federal Funds Sold & Securities 
  Purchased under Agreements to
  Resell 	                            8,000 	             - 	        8,275 
Securities: 			
    Held-to-Maturity 	              546,355 	       631,492       	639,812 
    Available-for-Sale  	           463,081 	       141,805       	333,057 
      Total Securities 	          1,009,436        	773,297       	972,869 
Loans                       	     1,938,259 	     1,831,466 	    1,810,381 
  Less: Unearned Income & Fees 	     18,251 	        17,429        	18,177 
      Allowance for Loan Losses 	    51,222         	50,069        	50,643 
               Net Loans         	1,868,786      	1,763,968     	1,741,561 
Premises & Equipment, Net 	          42,699 	        39,168 	       39,083 
Accrued Income Receivable           	20,503         	19,315        	19,489 
Other Real Estate 	                   2,500 	         4,861         	5,841 
Other Assets                        	24,437         	27,043 	       26,243 
Excess of Cost over Fair 
  Value of Net Assets Acquired 	     26,896	         22,208        	22,576 
     Total Assets 	               $3,105,035  	   $2,717,776 	   $2,912,024 

			
Liabilities and 
  Stockholders' Equity 			
Demand Deposits 	                  $404,002 	      $331,245 	     $312,152 
Savings, N.O.W. &  
  Money Market Deposits 	         1,149,825      	1,325,628      1,361,908 
Certificates of Deposits 
  in Amounts of $100,000 & Over 	   165,987          71,978        	74,141 
Other Time Deposits 	               784,305 	       614,036 	      598,972 
     Total Deposits              	2,504,119 	     2,342,887     	2,347,173 
Federal Funds Purchased & 
  Securities Sold Under 			
  Agreements to Repurchase 	        175,938 	        20,000       	201,614 
Other Borrowings 	                   10,000 	        50,000        	60,257 
Senior Notes Payable                	25,000         	25,000 	       25,000 
Accrued Interest & 
  Other Expenses 	                   23,798 	        19,770 	       14,266 
Purchased Securities Liability      	58,421              	- 	        2,108 
Other Liabilities 	                   8,567          	5,196 	        9,646 
      Total Liabilities          	$2,805,843     	$2,462,853    	$2,660,064 

Stockholders' Equity 			
Preferred Stock, par value 
  $1.00; authorized 10,000,000 
  shares, unissued 	                      - 	             - 	           - 
Common stock, par value $2.50;
  authorized   50,000,000 shares;
	 issued & outstanding
   24,843,436,   23,049,187,  
   22,706,849 shares at the 
   periods ending, respectively 	    62,109        	 57,623        	56,767 
Additional Paid in Capital 	        101,713 	        94,526 	       93,270 
Retained Earnings                  	134,948 	       106,186 	      107,521 
Unrealized Gain/( Loss) on
  Securities Available-for-Sale, 
  net of taxes 	                      2,085        	(2,871)        	(4,969) 
Deferred Compensation               	(1,029) 	        (514) 	         (611) 
Treasury Stock at cost; 36,024,  
  1,945,  1,253  shares at the 
  periods ending, respectively 	       (634)          	(27) 	          (18) 
      Total Stockholders' Equity    	299,192       	254,923        	251,960 
      Total Liabilities and 
         Stockholders' Equity 	    $3,105,035     $2,717,776     	$2,912,024 

</TABLE>
<PAGE>





<TABLE>
Consolidated Statements of Income  (Unaudited)  
(in thousands, except per share amounts)		                          
                                               Three Months Ended             Nine Months Ended
<S>                                      <C>            <C>             <C>            <C>
	                                        Sept.30, 1995 	Sept.30, 1994  	Sept.30, 1995 	Sept.30, 1994  

(in thousands, except per share amounts) 				
Interest Income  				
Loans (including fee income) 	                 $43,805       	$37,391   	     $127,044 	     $109,302 
Interest Earning Deposits 	                         23             	4              	77 	            8 
Federal Funds Sold & Securities Purchased 				
      Under Agreements to Resell 	                 212           	551 	            755 	         1,572 
Mortgage-Backed Securities                     	10,583 	       10,928       	   29,389 	        31,282 
U.S. Treasury & Government 
  Agency Securities 	                            1,771         	2,484            4,156 	         7,041 
State & Municipal Obligations                     	498           	619          	 1,839 	         1,608 
Other Securities 	                                 420           	325  	         1,124 	           905 
    Total Interest Income 	                     57,312 	       52,302 	        164,384 	       151,718 

				
Interest Expense 				
Savings, N.O.W. & Money 
  Market Deposits 	                              6,723 	        7,776 	         21,197          23,194 
Certificates of Deposit, 
  $100,000 and Over 	                            2,221 	          745 	          5,721           1,861 
Other Time Deposits 	                           11,045 	        5,704 	         29,402 	        17,091 
Short-Term Borrowings                             	964 	        3,313 	          1,851 	         9,063 
Long-Term Borrowings 	                             728 	          728 	          2,175 	         2,244 
   Total Interest Expense 	                     21,681 	       18,266 	         60,346 	        53,453 
Net Interest Income                            	35,631 	       34,036 	        104,038 	        98,265 
Provision for Loan Losses 	                      2,000 	        (375)  	         6,000 	         2,525 
   Net Interest Income after 
    Provision for Loan Losses 	                 33,631         34,411 	         98,038 	        95,740 

Non-Interest Income 				

Fees & Service Charges 
  on Deposit Accounts 	                          2,720 	        2,753 	          8,093           8,310 
Trust & Investment Management Fees 	               404           	427 	          1,306 	         1,278 
Mortgage Banking Operations 	                      673 	          490 	          1,944 	         1,744 
Net Securities Gains/(Losses) 	                  3,025 	      (1,940)           	3,173 	        (1,994) 
Other Operating Income 	                         1,445 	        1,111 	          4,207 	         2,974 
     Total Non-Interest Income 	                 8,267 	        2,841 	         18,723 	        12,312 

Non-Interest Expense 				
Salaries & Employee Benefits 	                   8,736 	        9,640 	         24,971 	        27,207 
Occupancy 	                                      1,664 	        1,710 	          4,934 	         5,111 
Equipment 	                                      1,046 	        1,312 	          3,341 	         4,004 
FDIC Insurance Premiums 	                          402 	        1,317 	          3,024 	         4,159 
Other Real Estate 	                              (269) 	          948 	             41 	         4,795 
Prepayment Charge Senior Note Retirement 	           - 	            - 	              - 	           876 
Amortization of Excess of Cost Over 				
    Fair Value of Net Assets Acquired 	            466 	          368 	          1,200 	         1,104 
Other Operating Expenses 	                       3,801 	        4,749 	         12,373 	        13,269 
    Total Non-Interest Expense 	                15,846        	20,044 	         49,884 	        60,525 
Income Before Income Taxes 	                    26,052 	       17,208 	         66,877 	        47,527 
Provision for Income Taxes 	                    11,100 	        6,772 	         28,195 	        18,830 
     Net Income 	                              $14,952 	      $10,436 	        $38,682 	       $28,697 

Per Share: 				

Net Income 	                                     $0.60 	        $0.44 	           $1.59 	        $1.20 
Cash Dividends  	                               $0.150 	       $0.100 	          $0.400 	       $0.250 

</TABLE>

<PAGE>

<TABLE>
Consolidated Statement of 
  Cash Flows (Unaudited)
<S>                                                <C>            <C>
Nine Months Ended September 30, 				                1995           1994
(in thousands)

Cash Flows from Operating Activities: 	 	 
Net Income                                            	$38,682 	      $28,697 
Adjustments to Reconcile Net Income to  	 	 
    Net Cash Provided by Operating Activities: 	 	 
Provision for Loan Losses 	                              6,000         	2,525 
Provision for Losses on Real Estate Acquired in 	 	 
    Settlement of Loans 	                                  246  	       2,655 
Depreciation and Amortization 	                          3,298         	3,327 
Amortization of Excess of Cost Over Fair Value of 	 	 
    Net Assets Acquired 	                                1,200         	1,104 
Accretion of Discounts and Net Deferred Loan Fees 	    (2,922)          (754) 
Amortization of Premiums 	                               2,949         	6,907 
Purchases of Trading Account Securities 	             (40,853) 	            - 
Proceeds from the Sales of Trading 
  Account Securities 	                                  40,920              -  
Net Gains on Trading Account Securities 	                 (67) 	            - 
Net Securities (Gains)/Losses 	                        (3,106)         	1,994 
Other, Net 	                                             6,653       	(4,394) 
    Net Cash Provided by Operating Activities 	         53,000        	42,061 

Cash Flows from Investing Activities: 	 	 
Maturities, Calls and Principal Repayments on 	 	 
    Securities Held-to-Maturity 	                      104,408       	123,500 
Purchases of Securities Held-to-Maturity 	            (20,445)     	(264,311) 
Proceeds from Sales of Securities
   Available-for-Sale 	                                 91,597         64,739 
Maturities, Calls and Principal Repayments on 	 	 
    Securities Available-for-Sale 	                     50,839       	144,480 
Purchases of Securities Available-for-Sale          	(372,680)      	(74,735) 
Loans Originated and Principal Repayments 	 	 
    on Loans and Other Real Estate Owned, Net 	       (75,213)      	(96,421) 
Proceeds from Sales of Real Estate Acquired 	 	 
    in Settlements of Loans 	                            8,259        	13,221 
Proceeds from the Sale of Loans 	                       10,150        	27,808 
Purchases of Premises and Equipment, Net 	             (6,639)       	(1,081) 
Purchase of Bank Subsidiary, Net of Cash Acquired 	     10,868 	            - 
    Net Cash Used in Investing Activities 	          (198,856)      	(62,800) 

Cash Flows from Financing Activities: 	 	 
Net Increase/(Decrease) in Deposits 	                   70,973       	(6,606) 
Net Increase/(Decrease) in 
  Short-Term and Other Borrowings                      115,938       	(8,940) 
Proceeds from the Issuance of Senior Notes Payable 	         - 	       25,000 
Repayment of Senior Notes Payable 	                          - 	     (20,000) 
Purchase of Treasury Shares 	                          (1,312)          	(26) 
Common Stock Issued for Cash 	                          10,622         	2,071 
Dividends Paid to Shareholders 	                       (8,503)       	(4,675) 
    Net Cash Provided by/(Used in) 
      Financing Activities 	                           187,718       (13,176) 
    Net Increase/(Decrease in Cash and 
       Cash Equivalents 	                               41,862 	     (33,915) 

 	 	 
Metro Activity for the Three Months 
  Ended December 31, 1993 	                                   -           356 
Cash and Cash Equivalents at Beginning of the Year 	     67,916       117,921 
Cash and Cash Equivalents at End of the Period 	       $109,778	      $84,362 



</TABLE>
<PAGE>

<TABLE>
Consolidated Statement of Cash Flows 
   (Unaudited), Continued
<S>                                                <C>             <C>

Nine Months Ended September 30,  					               1995            1994   

Supplemental Disclosures of Cash Flow Information: 	 	 
  Cash Paid During the Period for: 	 	 
    Interest Expense 	                                 $51,505 	       $52,675 
    Income Taxes 	                                     $22,857        	$18,937 

 	 	 
Supplemental Schedule of Noncash 
  Investing and Financing Activities: 	 	 
Securities Transferred to Available-for-Sale 
  Upon Adoption of SFAS 115 	                                - 	      $275,200 

 	 	 
Real Estate Acquired in Settlement of Loans 	           $6,292 	        $6,841 

 	 	 
Loans to Facilitate the Sale of Other Real Estate 	      $6,426        	$4,879 

 	 	 
During the period the Registrant purchased 
  various investment securities 	 	 
   which settled in the subsequent month 	              $58,421        	$2,108 

 	 	 
On July 3, 1995, the Registrant acquired all 
  the outstanding common stock of Great Neck 
  Bancorp for cash and other consideration.  
  In connection with this acquisition, the
  following assets were acquired 
  and liabilities assumed: 	 	 
    Fair Value of Loans, Investments 
      and Other Assets Acquired                       $111,431 	 
    Cash Paid for Common Stock and Other 
      Acquisition Expenses                             (8,512) 	 
    Other Non-Monetary Consideration                 	(11,695) 	 
    Deposits and Other Liabilities Assumed 	           $91,224 	 

</TABLE>

<PAGE>

<TABLE>
Consolidated Statements of 
  Changes in Stockholders' Equity
  (UNAUDITED) 							
(in thousands, except per share amounts) 							
<S>                                           <C>        <C>         <C>        <C>           <C>           <C>      <C>
                                                       		Additional 	          	Unrealized 			
                                              	Common 	    Paid in   	Retained 	Securities 	  Deferred 	    Treasury  	
	                                              Stock      	Capital 	  Earnings 	Gain/(Loss) 	 Compensation 	Stock 	  Total 
Balance, December 31, 1993 	                    56,114 	     91,473 	   79,623 	          - 	        (899) 	     (1)  226,310 
Unrealized Gain on Securities 
    Available-for-Sale, 							
    net of taxes at January 1, 1994 	                - 	          - 	        - 	      2,241 	         - 	         - 	   2,241 
Net Income 	                                         - 	          - 	   28,697 	          - 	         - 	         - 	   28,697 
Cash Dividends (The Registrant $0.25 per share) 	    - 	          - 	   (3,572)           - 	         - 	         - 	   (3,572) 
Cash Dividends ( Metro Pre-Merger 
    $0.81 per share) (1) 	                           - 	          -     (4,126) 	         - 	         - 	         - 	   (4,126) 
Sale of Common Stock (141,866 shares) 	            408 	      1,292 	         - 	         - 	         - 	         -      1,700 
Exercise of Warrants (98,000 shares) 	             245 	        216 	         - 	         - 	         - 	         - 	      461 
Deferred Compensation Activity: 							
    Restricted Stock Awards (10,000 shares) 	        - 	         55 	         - 	         - 	        (122) 	     67 	        - 
    Removal of Restrictions Accelerated 
      Regarding Restricted Stock  
      Awards (1,000 shares) 	                        - 	           - 	        - 	         - 	            4 	      -           4 
    Amortization of Restricted Stock Awards 	        - 	           - 	        - 	         - 	          163 	      -	        163 
    Forfeiture of Restricted 
      Stock Awards (4,334 shares) 	                  -          	(12)  	      - 	         - 	           29 	    (58) 	      (41) 
    Amortization of Other Deferred 
      Compensation Plans 	                           - 	          246        62 	         - 	          214 	       - 	      522 
Purchase of Treasury Stock (1,846 shares) 	          - 	            - 	       - 	         - 	            - 	     (26)	     (26) 
Metro Net Income for the Three Months Ended 							
    December 31, 1993 	                              - 	            - 	   6,837 	         - 	            - 	       - 	     6,837 
Adjustment to Unrealized Gain/(Loss) 
    on Securities Available-for-Sale,  
    net of taxes 	                                   - 	            - 	       - 	     (7,210) 	          - 	       -      (7,210) 
Balance, September 30, 1994 	                   56,767 	       93,270 	 107,521 	     (4,969) 	       (611) 	    (18) 	   251,960 

							

							

Balance, December 31, 1994 	                   $57,623 	      $94,526 	$106,186 	     ($2,871) 	      ($514) 	   ($27) 	  $254,923 
Net Income 	                                         - 	            - 	  38,682 	            - 	           - 	       -      38,682 
Cash Dividends ($0.40 per share) 	                   - 	            - 	  (9,920) 	           - 	           - 	       - 	    (9,920) 
Sale of Common Stock (806,392 shares) 	          2,016 	        3,985 	       - 	            - 	           - 	       -      	6,001 
Exercise of Warrants (987,857 shares) 	          2,470 	        3,138 	       - 	            - 	           - 	       -       5,608 
Deferred Compensation Activity: 							
    Restricted Stock Awards (53,600 shares) 	        - 	           61 	       - 	            - 	       (940) 	     879 	         - 
    Amortization of Restricted Stock Awards 	        - 	            - 	       - 	            - 	        186 	        - 	       186 
    Forfeiture of Restricted Stock 
       Awards (12,002 shares) 	                      - 	            3 	       - 	            - 	          33 	    (174) 	   (138) 
    Amortization of Other Deferred 
       Compensation Plans 	                          - 	            - 	       - 	            - 	        206 	        - 	       206 
Purchase of Treasury Stock (75,677 shares) 	         - 	            - 	       - 	            - 	           -	    (1,312) 	 (1,312) 
Adjustment to Unrealized Gain/(Loss)
       on Securities Available-for-Sale, 
       net of taxes 	                                - 	            - 	       - 	        4,956 	           - 	       - 	      4,956 
Balance, September 30, 1995 	                  $62,109      	$101,713 	 $134,948 	      $2,085 	     ($1,029) 	   ($634) $299,192 

</TABLE>

	

(1)  See "Note 2 - Business Combinations" of the Registrant's
1994 Annual Report on From 10-K for further discussion of this
transaction.


<PAGE>
								                 







North Fork Bancorporation, Inc.
and Subsidiaries



NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)

September 30, 1995 and 1994



General

	The consolidated financial statements of North Fork
Bancorporation, Inc. (the "Registrant"), a bank holding company,
and its subsidiaries, have been prepared in conformity with
generally accepted accounting principles and prevailing
practices within the financial services industry.



	On November 30, 1994, Metro Bancshares Inc. ("Metro"), the
Parent Company of Bayside Federal Savings Bank ("Bayside") was
merged with and into the Registrant.  The merger was accounted
for as a pooling-of-interests and, as a result, the Registrant's
consolidated financial statements have been retroactively
restated for all reporting periods to include the consolidated
accounts of Metro.



	The Registrant's previously reported components of consolidated
income and the amounts reflected in the accompanying
consolidated statements of income for the three and nine months
ended September 30,1994, are as follows:


<TABLE>
<S>                                                <C>           <C>
	                                                  Three Months 	Nine Months 
(in thousands) 	                                          Ended       	Ended 
Net Interest Income 		
    As Previously Reported 	                            $22,150 	    $64,041 
    Metro 	                                              11,886      	34,224 
    Combined 	                                          $34,036     	$98,265 

		
Net Income 		
    As Previously Reported 	                             $7,484     	$19,070 
    Metro 	                                               2,952       	9,627 
    Combined 	                                          $10,436     	$28,697 
</TABLE>








	Metro's reporting period had been as of and for the year ended
September 30, whereas the Registrant utilizes a calendar year
basis.  Metro's results for 1994 have been conformed to the
calendar year reporting of the Registrant.  See "Note 2 -
Business Combinations" of the Registrant's 1994 Annual Report to
Shareholders for further discussion of this transaction.



	On July 3, 1995, the Registrant consummated its purchase of 
Great Neck Bancorp, the parent company  of  Bank of Great Neck,
a Long Island based commercial bank.  See the Consolidated
Statement of Cash Flows for a summary of the assets acquired and
liabilities assumed. 


<PAGE>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



  The excess cost over the fair value of net assets acquired of
approximately $5.9 million will be amortized over a fifteen year
period. The effect of this acquisition on the Registrant's
results for the third quarter ended September 30, 1995 was
immaterial.

  		

	In the opinion of management, all significant intercompany
accounts and transactions have been eliminated in consolidation.
 In addition, all adjustments necessary for a fair presentation
of the consolidated financial position, results of operations
and cash flows of the Registrant for the interim periods have
been made.  All such adjustments are of a normal and recurring
nature.  These statements should be read in conjunction with the
Registrant's summary of significant accounting policies which
are incorporated herein by reference in its 1994 Annual Report
on Form 10-K. 

	Results of operations for the three and nine months ended
September 30, 1995 are not necessarily indicative of the results
of operations which may be expected for the full year 1995 or
any other interim periods.



RECENT ACCOUNTING DEVELOPMENTS:


Accounting by Creditors for Impairment of a Loan:

Statement of Financial Accounting Standards No. 114, ("SFAS
114"), as amended by Statement of Financial Accounting Standards
No. 118, "Accounting by Creditors for Impairment of a
Loan-Income Recognition and Disclosures" ("SFAS 118")           
                                                  

	The Registrant adopted SFAS 114, as amended by SFAS 118
(collectively referred to as "the Statement"), effective January
1, 1995.   The Statement requires that the measurement of
impaired loans be based on the present value of expected future
cash flows discounted at the loan's effective interest rate or, 
at the loan's observable market price or the fair value of the
collateral, if the loan is collateral dependent.	

	A loan is considered to be impaired when, based upon current
information and events, it is probable that the Registrant will
be unable to collect all amounts due according to the
contractual terms of the loan. Impairment is primarily measured
based on the fair value of the loan's collateral. The Statement
does not apply to large groups of smaller-balance homogeneous
loans that are collectively evaluated for impairment
(residential mortgage and consumer loans) , except for those
loans restructured under a troubled debt restructuring.

	The Registrant, had previously assessed the adequacy of its
allowance for loan losses, using a methodology  consistent with
the procedures  prescribed by the Statement.	 Accordingly,
adoption of the Statement did not have a material adverse effect
on the level of the Registrant's allowance for loan losses or on
its financial results for the three and nine month periods ended
September 30, 1995. Upon adoption of  the Statement, the
Registrant was not required to change its  interest income
recognition policy with regard to impaired loans.

	Additionally, the Statement amended the accounting for loans
previously classified as in-substance foreclosures.  Under
previous guidance, when a loan met the criteria of an
in-substance foreclosure, the creditor was required to account
for the loan and any future transactions as if they had received
the collateral in full satisfaction of the debt.  However, the
Statement requires that a creditor shall measure impairment
based on the fair value of the collateral when a creditor
determines that foreclosure is probable.  In these situations,
the creditor is required to continue to carry the asset as a
loan rather than reclassify it to Other Real Estate.  As a
result, $8.2 million and $9.6 million of loans previously
reported as in-substance foreclosures at December 31, 1994 and
September 30, 1994, respectively, have been reclassified from
Other Real Estate to loans in the accompanying Balance Sheets. 
All financial ratios contained within this document affected by
this reclassification have been restated for comparability
purposes. 

<PAGE>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


RECENT ACCOUNTING DEVELOPMENTS (continued):

Accounting for  the Impairment of Long-Lived Assets and for
Long-Lived Assets to be Disposed of : 	 Financial Statement of
Accounting Standards No. 121, ("SFAS 121") 

  

	In March 1995, the Financial Accounting Standards Board issued
SFAS 121. This Statement establishes the accounting and
reporting standards for the recognition of impairment on
long-lived assets, certain identifiable intangibles, and
goodwill related to those assets.  

	SFAS 121 requires that an entity review long-lived assets and
certain unidentifiable intangibles for impairment whenever
events or changes in circumstances indicate that the carrying
amount of an asset may not be recoverable. In these situations,
an entity is required to recognize an impairment loss if the sum
of the estimated future cash flows, on an undiscounted basis, is
less than the carrying amount of the asset.

 	SFAS 121 is effective for fiscal years beginning after
December 15, 1995 however, earlier application is encouraged. 
The Registrant is currently assessing the financial implications
of implementing SFAS 121 and believes that the adoption will not
have a material adverse effect on its financial condition or
results of operations.

 

Accounting for Mortgage Servicing Rights :
 Statement of Financial Accounting Standards No. 122, ("SFAS
122")

	In May 1995, the Financial Accounting Standards Board issued
SFAS 122 . This Statement amends certain provisions of  SFAS 65,
"Accounting for Certain  Mortgage Banking Activities," requiring
an entity to capitalize the rights to service  mortgage loans
for others, whether those rights are acquired through loan
origination activities or  purchased from others.  Additionally,
SFAS 122 requires an entity to assess its capitalized mortgage
servicing rights for impairment based on the fair value of those
rights.

	SFAS 122 is effective for fiscal years beginning after December
15, 1995 however, earlier application is encouraged.  The
Registrant is currently assessing the financial implications of
implementing SFAS 122 and believes that it will not have a
material adverse effect on its financial condition or results of
operations.



 ITEM 2	

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS


Earnings Summary

	North Fork Bancorporation, Inc. (the "Registrant") recognized
net income of $38.7 million, or $1.59 per share for the first
nine months of 1995, as compared with net income of $28.7
million, or $1.20 per share earned in 1994. Return on average
total assets was 1.82% and the return on average stockholders'
equity was 18.71% for the first nine months  of 1995. Return on
average total assets was 1.29% and the return on average
stockholders' equity was 15.85%  for the comparable prior year
period.

	Net income for the quarter ended September 30, 1995 was $15.0
million, or $.60 per share, as compared with net income of $10.4
million, or $.44 per share earned in 1994 . Return on average
total assets was 2.01% and the return on average stockholders'
equity was 20.43% for the 1995 third quarter. Return on average
total assets was 1.40% and the return on average stockholders'
equity was 16.56%  for the comparable prior year period.

<PAGE>
 ITEM 2	

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS

Earnings Summary (continued)

 		The improvement in the Registrant's 1995 third quarter results,
when compared with the comparable prior year period, is
attributable to a $1.6 million increase in net interest income,
a $5.4 million increase in non-interest income, and a $4.2
million  decrease in non-interest expense.  This activity was
partially offset by a $2.4 million increase in the provision for
loan losses and a $4.3 million increase in the provision for
income taxes.



Net Interest Income

	Net interest income, which represents the difference between
interest earned on interest earning assets and interest incurred
on interest bearing liabilities, is the Registrant's primary
source of earnings.  Net interest income is affected by the
level and composition of interest earning assets and interest
incurred on interest bearing liabilities, as well as changes in
market interest rates.



	Net interest income, on a fully taxable equivalent basis,
increased $1.5 million, or 4.4%, to $36.1 million for the third
quarter of 1995, when compared to $34.6 million for the
comparable prior year period.  The components of this increase
include a $4.9 million increase in interest income, on a fully
taxable equivalent basis, partially offset by a $3.4 million
increase in interest expense. The net interest margin for the
third quarter of 1995 increased 33 basis points to 5.18% from
4.85% for the comparable prior year period. During these same
periods the Registrant's rate spread remained unchanged at 4.35%.



	Interest income, on a fully taxable equivalent basis,
aggregated $57.8 million for the 1995 third quarter compared to
$52.8 million  for the same period of 1994 .  The yield on
interest earning assets, on a fully taxable equivalent basis,
increased to 8.29% in the 1995 third quarter as compared to
7.41% in the 1994 comparable period.  This increase is
attributable to (a) multiple increases in the Registrant's prime
lending rate during the past year, (b) the impact of higher
market interest rates on the reinvestment of cash flows
generated from principal amortization on certain interest
earning assets during the past year and the restructure of the
investment portfolio, whereby lower yielding securities were
paired off against short term borrowings, during the fourth
quarter of 1994, (c) a change in composition of interest earning
assets to higher yielding loans, from lower yielding investment
securities. These factors were partially offset by a $66 million
decline in the level of interest earning assets to $2.76 billion
during the third quarter of 1995 when compared to $2.83 billion
for the comparable period of 1994. 

	Average loans increased $131.0 million to $1.91 billion for the
third quarter of 1995 when compared to $1.78 billion during the
same prior year period.

	Average securities declined $156.7 million to $833.8 million
for the third quarter of 1995 when compared to $990.5 million
during the same prior year period.

	Average federal funds sold and securities purchased under
agreements to resell declined $39.1 million to $14.6 million for
the third quarter of 1995 when compared to $53.7 million during
the same prior year period

	The decline in the level of interest earning assets is a result
of the Registrant's strategy to reduce its reliance on
short-term borrowings, principally repurchase agreements and
short-term Federal Home Loan Bank advances, through the
liquidation of certain securities classified as
available-for-sale combined with maturities of certain
securities.  This strategy, which was implemented during the
latter half of 1994, was in response to increases in short-term
interest rates and a flattening of the yield curve. In the most
recent quarter, as more fully described below, the Registrant
commenced a pre-investment program in connection with its
pending acquisition that will increase its level of interest
earning assets, primarily mortgage backed securities, with a
corresponding effect on average short term borrowings during the
fourth quarter.

<PAGE>
 ITEM 2	

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS


Net Interest Income (continued)


	Interest expense increased to $21.7 million for the 1995 third
quarter, reflecting an effective cost of funds of 3.94%, as
compared to $18.3 million, or an effective cost of funds of
3.05%, for the comparable prior year period.  The increase in
interest expense period-over-period is attributable to the (a)
impact of higher market interest rates on the Registrant's
overall cost of funds and (b) shift in  interest  bearing
customer deposits to higher yielding time deposit accounts.
These factors were partially offset by a $189.5 million decline
in the level of average interest bearing liabilities resulting
from (a) the impact that the aforementioned strategy had on the
level of average short-term borrowings , (b) the successful
conversion of certain former Bayside accounts to non-interest
bearing demand deposit accounts.



	Similarly, as a result of the aforementioned strategy, interest
incurred on short-term borrowings declined $2.3 million to $1.0
million in the third quarter of 1995 when compared to $3.3
million in the 1994 comparable period .   The Registrant  
reduced the level of average short term borrowings  by $215.1
million to $58.9 million for the third quarter of 1995, as
compared to the amount outstanding during the comparable prior
year period.

 

	The average interest rate paid on total interest bearing
deposits rose to 3.79% during the third quarter of 1995 from
2.73% during the third quarter of 1994.  As a result, interest
incurred on total interest bearing deposits increased $5.8
million to $20.0 million in the third quarter of 1995 when
compared to the comparable period of 1994.  Average Savings,
N.O.W. and Money Market deposits declined $244.2 million to
$1.145 billion for the 1995 third quarter as compared to $1.389
billion for the comparable prior year period, while, average
Time deposits increased $269.7 million to $945.0 million for the
1995 third quarter as compared to $675.3 million for the
comparable prior year period. This increase in deposit funding
costs during the above referenced periods was partially offset
by a reduction in the level of  average interest bearing
deposits.



	Conversely, average demand deposits increased $110.8 million or
36.5% to $414.2 million for the 1995 third quarter as compared
to $303.4 million for the comparable prior year period.  Demand
deposits comprised 16.1% of total deposits at September 30, 1995
as compared to 13.3% at September 30, 1994.  The increase in
demand deposits is reflective of  the ongoing success in
converting the former Bayside thrift branches into full-service
commercial bank outlets and greater penetration in the markets
the Registrant serves.

	

	The Registrant has initiated a pre-investment program in
anticipation of approximately $540 million in additional
liquidity that will result from the consummation of the  First
Nationwide branch acquisition (See the "Other Matters" section
of this report). The Registrant is currently pre-investing the
transaction proceeds by purchasing approximately $300 million in
 mortgage backed securities. These purchases will be funded
through the use short-term borrowings at a projected positive
spread of approximately 100 basis points.  Upon consummation of
the transaction, these short-term borrowings will be replaced
with the lower costing core deposits acquired.    



	The following table sets forth a summary analysis of the
relative impact on net interest income of changes in the average
volume of interest earning assets and interest bearing
liabilities and changes in average rates on such assets and  

<PAGE>
ITEM 2	

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS


Net Interest Income (continued)

liabilities.  Due to the numerous simultaneous volume and rate
changes during the period analyzed, it is not possible to
precisely allocate changes between volumes and rates.  For
presentation purposes, changes which are not solely due to
volume changes or rate changes have been allocated to these
categories based on the respective percentage changes in average
volume and average rates as they compare to each other.  In
addition, average interest earning assets include nonaccrual
loans.


<TABLE>
              	                                  Nine Months Ended                 Three Months Ended
For the Periods Ended September 30,                 1995 vs. 1994                    1995 vs. 1994
<S>                                       <C>        <C>       <C>             <C>        <C>        <C>
(in thousands ) 	 	 	                                            Change in  	 	 	                      Change in  
	                                         Average   	Average 	 Net Interest 	  Average 	  Average 	  Net Interest 
	                                          Volume 	  Rate 	          Income 	   Volume 	     Rate 	        Income 

						
INTEREST INCOME FROM EARNING ASSETS: 						
Interest Earning Deposits  	                  $10 	      $59 	          $69 	      $12 	       $7 	           $19 
Taxable Securities 	                      (3,934)     	1,328 	      (2,606) 	   (1,048) 	     432 	          (616) 
Non-Taxable Municipals 	                     (23)       	372           	349     	 (269) 	     110 	          (159) 
Mortgage-Backed Securities 	              (5,488) 	    3,594 	      (1,894) 	   (1,150)	      805 	          (345) 
Taxable Loans, including 
  non-accrual loans 	                       6,736 	   11,141        	17,877 	    2,850 	    3,617 	         6,467 
Non-Taxable Loans 	                         (159)      	(60)         	(219) 	      (53) 	    (32) 	           (85) 
Federal Funds Sold and Securities 						
 Purchased Under Agreements to Resell 	   (1,503)       	687 	        (816) 	     (508) 	     169 	          (339) 
  Total Interest Earning Assets          	(4,361)    	17,121 	       12,760      	(166) 	   5,108 	         4,942 

						
INTEREST EXPENSE ON LIABILITIES: 						

Total Savings and Time Deposits 	           2,525 	   11,649 	       14,174 	    1,713 	    4,051 	         5,764 
Short-Term Borrowings 	                   (9,687) 	    2,475 	      (7,212) 	   (3,234) 	     885  	       (2,349) 
Long-Term Borrowings 	                        131     	(200) 	         (69) 	         - 	       - 	              - 
  Total Interest Expense 	                (7,031)    	13,924         	6,893 	   (1,521) 	   4,936  	        3,415 

						
Net Change in Interest Income 	            $2,670    	$3,197        	$5,867 	   $1,355 	     $172 	        $1,527 



The above table has been prepared on a taxable equivalent basis.
</TABLE>
<PAGE>

    ITEM 2	

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS


Net Interest Income (continued)

The following tables present an analysis of net interest income
by each major category of interest earning assets and interest
bearing liabilities for the nine and  three month periods ended
September 30, 1995 and 1994, respectively:


<TABLE>
ANALYSIS OF NET INTEREST INCOME
	                                                                         Nine Months Ended
		                                                        Sept. 30, 1995 			               Sept. 30, 1994 	
<S>                                             <C>           <C>         <C>       <C>           <C>        <C>
                                               	Average 	 	               Average 	 Average 	 	              Average 
                                               	Balance 	     Interest 	  Rate 	    Balance 	     Interest 	    Rate 
 (dollars in thousands ) 						
INTEREST EARNING ASSETS: 						
Interest Earning Deposits  	                         $1,437 	      $77 	    7.16% 	       $829 	        $8 	   1.29% 
Taxable Securities 	                                119,377 	    5,486 	    6.14% 	    209,358 	     8,092 	   5.17% 
Non-Taxable Municipals 	                             52,984 	    2,820 	    7.12% 	     53,485 	     2,471 	   6.18% 
Mortgage-Backed Securities 	                        615,930 	   29,389 	    6.38% 	    736,654 	    31,283 	   5.68% 
Taxable Loans, net of unearned income & fees 	    1,865,085 	  126,523 	    9.07% 	  1,759,884 	   108,646 	   8.25% 
Non-Taxable Loans                                    	8,056 	      822 	   13.64% 	      9,588 	     1,041 	  14.52% 
Federal Funds Sold and Securities 						
 Purchased Under Agreements to Resell 	              17,078       	755 	    5.91% 	     59,245 	     1,571 	   3.55% 
  Total Interest Earning Assets 	                 2,679,947 	  165,872 	    8.28% 	  2,829,043 	   153,112 	   7.24% 
	 	 		 	 	
Allowance for Loan Losses 	                        (51,921) 			                       (56,174) 		
Cash and Due from Banks 	                           85,809 			                         80,839 		
Other Non-Interest Earning Assets 	                124,512 			                        119,049 		
 Total Assets 	                                 $2,838,347 			                      $2,972,757 		

	 			 		
INTEREST BEARING  LIABILITIES: 						
Savings, N.O.W & Money Market Deposits 	         1,174,750 	    21,197 	    2.41% 	  1,390,392 	    23,194 	   2.23% 
Time Deposits 	                                    882,015 	    35,123 	    5.32% 	    686,911 	    18,952 	   3.69% 
 Total Savings and Time Deposits 	               2,056,765     	56,320 	    3.66% 	  2,077,303 	    42,146 	   2.71% 
Short-Term Borrowings 	                             43,765 	     1,851 	    5.65% 	    292,986 	     9,063 	   4.14% 
Long-Term Borrowings 	                              35,000 	     2,175 	    8.31% 	     33,003 	     2,244 	   9.09% 
 Total Interest Bearing Liabilities 	            2,135,530 	    60,346 	    3.78% 	  2,403,292 	    53,453 	   2.97% 
Rate Spread 			                                                             4.50% 			                          4.26% 
Non-Interest Bearing Deposits 	                    385,044 			                         291,094 		
Other Non-Interest Bearing Liabilities 	            41,334 			                          36,258 		
 Total Liabilities 	                             2,561,908 			                       2,730,644 		
 Stockholders' Equity 	                            276,439 			                         242,113 		
 Total Liabilities and Stockholders' Equity 	   $2,838,347			                       $2,972,757 		
Net Interest Income and Net Interest Margin 	 	                105,526 	    5.26% 		                99,659 	   4.71% 
Less: Tax Equivalent Basis Adjustment 		                       (1,488) 			                          (1,394) 	
     Net Interest Income 		                                   $104,038 			                          $98,265 	



The above table has been prepared on a taxable equivalent basis.
</TABLE>

<PAGE>
ITEM 2	

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS


Net Interest Income (continued)

<TABLE>
ANALYSIS OF NET INTEREST INCOME
                                                          	               Three Months Ended
                                                         		Sept. 30, 1995 		                 	Sept. 30, 1994 	
<S>                                              <C>           <C>        <C>          <C>         <C>        <C>
                                                	Average 	               	Average 	    Average 	 	            Average 
	                                                Balance 	     Interest    	 Rate 	    Balance 	   Interest 	    Rate 
 (dollars in thousands ) 						
INTEREST EARNING ASSETS: 						
Interest Earning Deposits  	                          $1,311 	      $23 	   6.96% 	         $465 	       $4 	    3.41% 
Taxable Securities 	                                 141,914 	    2,258 	   6.31% 	      211,196 	    2,874 	    5.40% 
Non-Taxable Municipals 	                              40,469 	      788 	   7.73% 	       54,821 	      947 	    6.85% 
Mortgage-Backed Securities 	                         651,371 	   10,583 	   6.45% 	      724,443  	  10,928 	    5.98% 
Taxable Loans, net of unearned income & fees 	     1,906,189 	   43,636 	   9.08% 	     1,775,456 	  37,169 	    8.31% 
Non-Taxable Loans 	                                    7,567       	267   	14.00% 	         9,013 	     352 	   15.49% 
Federal Funds Sold and Securities 						
 Purchased Under Agreements to Resell 	               14,570 	      212 	   5.77% 	        53,688 	     551 	    4.07% 
  Total Interest Earning Assets 	                  2,763,391 	   57,767 	   8.29%  	    2,829,082 	  52,825 	    7.41% 

	 	 		 	 	
Allowance for Loan Losses 	                         (53,412) 			                         (55,218) 		
Cash and Due from Banks 	                             89,221 			                           76,647 		
Other Non-Interest Earning Assets 	                  146,602 			                          112,218 		
 Total Assets 	                                   $2,945,802 			                       $2,962,729 		

	 			 		
INTEREST BEARING  LIABILITIES: 						
Savings, N.O.W & Money Market Deposits 	           1,144,961 	    6,723 	   2.33% 	     1,389,159 	   7,776 	    2.22% 
Time Deposits 	                                      945,041 	   13,266 	   5.57% 	       675,315 	   6,449 	    3.79% 
 Total Savings and Time Deposits 	                 2,090,002    	19,989 	   3.79% 	     2,064,474 	  14,225 	    2.73% 
Short-Term Borrowings                                	58,924 	      964 	   6.49% 	       273,977 	   3,313 	    4.80% 
Long-Term Borrowings 	                                35,000       	728 	   8.25% 	        35,000 	     728 	    8.25% 
 Total Interest Bearing Liabilities 	              2,183,926 	   21,681    	3.94% 	     2,373,451 	  18,266 	    3.05% 
Rate Spread 			                                                             4.35% 			                            4.35% 
Non-Interest Bearing Deposits 	                      414,174 			                          303,417 		
Other Non-Interest Bearing Liabilities 	              57,285 			                           35,865 		
 Total Liabilities 	                               2,655,385 			                        2,712,733 		
 Stockholders' Equity 	                              290,417 			                          249,996 		
 Total Liabilities and Stockholders' Equity 	     $2,945,802 			                       $2,962,729 		
Net Interest Income and Net Interest Margin 	 	                  36,086 	   5.18% 	 	                34,559 	    4.85% 
Less: Tax Equivalent Basis Adjustment 		                          (455) 			                           (523) 	
     Net Interest Income 		                                     $35,631 			                         $34,036 	

The above table has been prepared on a taxable equivalent basis.
</TABLE>


<PAGE>   
ITEM 2	

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS



Non-Interest Income



	Non-interest income, exclusive of net securities gains, was
$5.2 million for the 1995 third quarter reflecting no material
change when compared with $4.8 million for the comparable prior
year period. Net securities gains increased $ 4.9 million to
$3.0 million during the 1995 third quarter  when compared to net
securities losses of $ 1.9 million during the comparable prior
year period. This increase is due primarily to the Registrant
recognizing a $2.5 million gain, during the 1995 third quarter,
on the liquidation of its interest in Sunrise Bancorp. The net
securities loss recorded during the 1994 third quarter  resulted
from the Registrant recording a write-down of $1.9 million on an
impaired collateralized mortgage obligation received by Metro as
partial satisfaction in a troubled debt loan restructuring
entered into in 1991.  



Non-Interest Expense



	Non-interest expense declined $4.2 million, or 20.9%, to $15.8
million during the 1995 third quarter when compared to $20.0
million during the comparable prior year period.  This reduction
is attributable to a $1.2 million decrease in other real estate
expenses, a $.9 million reduction in FDIC insurance premiums
(approximately $862 million of the Registrant's deposits are
insured under the Savings Association Insurance Fund "SAIF"), a
$.9 million reduction in salaries & employee benefits, a $1.2
million reduction in general & administrative expenses,
resulting from the post-merger integration of operations and the
achievement of other efficiencies associated with the
combination of certain product lines.



	The Registrant's core efficiency ratio, which represents the
ratio of non-interest expense, net of other real estate expenses
and other nonrecurring charges, to net interest income, on a tax
equivalent basis, and non-interest income net of securities
gains and losses, improved to 39.0% for the three months ended
September 30, 1995  compared with 48.54% for the comparable
prior year period.  The core efficiency ratio for the first nine
months of 1995 was 41.17% compared with 48.90% for the
comparable prior year period. This achievement occurred as core
operating expense levels declined while net interest income and
non-interest income improved.



Income Taxes



	The Registrant provides for income taxes under the asset and
liability method.  Under this method, the Registrant is required
to establish deferred tax assets and liabilities for the
temporary differences between the financial reporting basis and
the tax basis of the Registrant's assets and liabilities at the
enacted tax rates expected to be in effect when such amounts are
realized or settled.  A valuation allowance is to be established
to reduce the deferred tax asset if it is "more likely than not"
that some or all of the deferred tax asset will not be realized.



	The Registrant's effective tax rate was 42.6% for the third
quarter of 1995, as compared to 39.4% for the comparable prior
year period.  The effective tax rate for the first nine months
of 1995 was 42.2% compared with 39.6% for the comparable prior
year period. The increase in the effective tax rate during the
three and nine month periods is primarily attributable to the
Registrant recognizing a decrease in the deferred tax valuation
allowance during 1994.

<PAGE>
ITEM 2	

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS



Loans and Leases

	

	Loans and leases, net of unearned income, increased  5.8% to
$1.94 billion at September 30, 1995 as compared with $1.83
billion at December 31, 1994. This increase is due primarily to
the acquisition of Bank of Great Neck which added $49.4 million,
of principally commercial real estate loans, coupled with steady
growth in multi-family and consumer loan and Lease  portfolios,
partially offset by a decline in residential mortgage loans.

	The portfolio is concentrated principally in loans secured by
real estate in the metropolitan New York area. Real estate
related loans, which include multi-family, residential, and
commercial mortgages and to a lesser extent construction and
land development loans, aggregated 82.4% of the total loan
portfolio at September 30, 1995. Multi-family mortgage loans, 
which rely principally on their underlying cash flows to service
the related debt, comprise the largest real estate concentration
within the Registrant's loan portfolio, aggregating $604.4
million and representing 31.2% of the total loan portfolio at
September 30, 1995. Residential mortgages, consists principally
of owner occupied residents, aggregated  $568.7 million or 29.3%
of the total loan portfolio at September 30, 1995. Commercial
mortgages, comprised of both owner occupied and income producing
rental properties, aggregated $372.8 million or 19.2% of the
total loan portfolio at September 30, 1995. This diversity
ameliorates the risks typically associated with real estate
concentrations.			The following table delineates the composition
of the Registrant's loan portfolio for the period indicated (in
thousands):


<TABLE>
<S>                               <C>             <C>       <C>           <C>       <C>             <C>
	                                                  	% of 		                % of 	               	   % of 
	                                 Sept 30, 1995 	  Total 	  Dec 30, 1994 	 Total 	  Sept 30, 1994 	 Total 
Mortgage Loans-Multi-Family 	          $604,432 	   31.18%     	$524,167 	  28.62% 	     $506,826 	 28.00% 
Mortgage Loans-Residential 	            568,654 	   29.34% 	     598,711 	  32.69% 	      601,423 	 33.20% 
Mortgage Loans-Commercial              	372,805    	19.23%      	340,157   	18.57% 	      344,607 	 19.04% 
Commercial & Industrial 	               237,870 	   12.27%      	241,544   	13.19% 	      234,307 	 12.94% 
Consumer Loans                          	66,861 	    3.45% 	      51,291    	2.80% 	       46,088 	  2.55% 
Construction & Land Development      
    Loans 	                              51,853    	 2.68%      	 54,789   	 2.99% 	       60,197 	  3.33% 
Leases, net 	                            35,784     	1.85% 	      20,807    	1.14% 	       16,933 	  0.94% 
  TOTAL 	                            $1,938,259    	100.00%  	$1,831,466   	100.00% 	  $1,810,381  	 100.00% 

</TABLE>



	Non-performing assets, which include loans ninety days past due
and still accruing, nonaccrual loans and other real estate,
declined $2.5 million to $44.5 million at September 30, 1995
when compared to $47.0 million at December 31, 1994  and
declined $12.3 million when compared to $56.8 at September 30,
1994.  Non-performing assets represent 1.43% of total assets at
September 30, 1995 comparing favorably to 1.73% at December 31,
1994 and 1.95% at September 30, 1994.



	The components of non-performing assets are delineated in the
table below (in thousands):	

<TABLE>

<S>                                           <C>              <C>            <C>
                                             	Sept. 30,  1995 	Dec. 31, 1994 	Sept.  30,  1994 
Loans 90 days past due & still accruing 	              $2,447        	$1,597 	          $2,318 
Non-accrual Loans                                     	39,599 	       40,516 	          48,623 
   Non-performing Loans 	                              42,046        	42,113 	          50,941 
Other Real Estate Owned 	                               2,500 	        4,861 	           5,841 
   Non-performing assets 	                             44,546        	46,974 	          56,782 

			
Restructured, Accruing loans 	                        $33,416 	      $37,044 	         $31,800 

</TABLE>



<PAGE>
ITEM 2	

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS



Loans and Leases (continued)

  The adoption of SFAS 114 did not affect the level of
non-performing assets as loans previously classified as
in-substance foreclosures, and contained within the other real
estate caption, are now classified within the nonaccrual loans
caption.  For a further discussion, refer to the Recent
Accounting Developments section of this report.  Additionally,
as of September 30, 1995, the weighted average  yield on
restructured , accruing loans was 6.92%. 



	The provision for loan losses increased $2.4 million to $2.0
million for the 1995 third quarter, from a negative provision of
$.4 million in the comparable prior year period. The negative
provision recorded during the comparable prior year period was
attributable to Metro reducing the level of its allowance for
loan losses by $1.1 million, partially offset by the Registrant
recording a provision of $.7 million during this period.  Net
charge-offs aggregated $3.3 million, or .68% of average loans,
net of unearned income, on an annualized basis, for the 1995
third quarter, as compared with $4.0 million, or .90% of average
loans, net of unearned income, on an annualized basis, for the
1994 third quarter.  The allowance for loan losses at September
30, 1995 was $51.2 million, or 121.8% of non-performing loans,
and 2.67% of loans, net of unearned income. The allowance for
loan losses at December 31, 1994 was $50.1 million, or 118.9% of
non-performing loans, and 2.76% of loans, net of unearned
income.  The allowance for loan losses at September 30, 1994 was
$50.6 million, or 99.42% of non-performing loans and 2.83% of
loans, net of unearned income.



	Management determines what it deems to be the appropriate level
of the Registrant's allowance for loan losses on an ongoing
basis by reviewing individual loans within, as well as the
composition of and trends in the loan portfolio.  Management
considers, among other things, concentrations within segments of
the loan portfolio, delinquency trends, as well as recent
charge-off experience and third party evidentiary matter (such
as appraisals) when assessing the degree of credit risk in the
portfolio.  Various appraisals and estimates of current value
influence the estimation of the required allowance at any point
in time.  While management uses available information to provide
for possible loan losses, future additions to the allowance may
be necessary based on future changes in economic conditions.  In
addition, various regulatory agencies, as an integral part of
their examination process, periodically review the Registrant's
bank subsidiary's allowance for loan losses.  Such agencies may
require the Registrant to recognize additions to the allowance
based on their judgment of information available to them at the
time of their examinations which may not be available now. 
Based on current economic conditions, management considers the
allowance at September 30, 1995 adequate to cover the possible
risk of loss in the loan portfolio.

<PAGE>
ITEM 2	

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS



Securities



	A)  Held-to-Maturity Securities



	Held-to-maturity securities are debt securities that the
Registrant has the positive intent and ability to hold to
maturity and are stated at amortized cost.  At September 30,
1995, securities held-to-maturity consisted of the following (in
thousands):


<TABLE>
<S>                                        <C>         <C>         <C>          <C>
                                                          		Gross     	Gross 	
                                          	Amortized  	Unrealized 	Unrealized 	 Fair 
                                               	Cost       	Gains   	(Losses) 	 Value 
U.S. Government Agencies Obligations 	       $49,257 	         $8 	    ($691)	  $48,574 
State and Municipal Obligations 	             53,195 	        367 	     (444) 	  53,118 
Mortgage-Backed Securities 	                 443,903       	1,389    	(6,850) 	 438,442 
  TOTAL 	                                   $546,355 	     $1,764 	  ($7,985) 	 $540,134 
</TABLE>






	B)  Available-for-Sale Securities



	Available-for-Sale Securities are debt and equity securities
not classified as either securities held-to-maturity or trading
securities and are stated at fair value.  At September 30, 1995,
available-for-sale securities consisted of the following 

(in thousands):


<TABLE>
<S>                                             <C>         <C>         <C>          <C>
                                                               		Gross      	Gross 	
                                               	Amortized  	Unrealized 	Unrealized 	 Fair 
                                                    	Cost       	Gains  	 (Losses) 	 Value 
U.S. Treasury 	                                   $19,986 	        $34 	        $- 	 $20,020 
U.S. Government Agencies Obligations               	9,459          	18 	         - 	   9,477 
Mortgage-Backed Securities 	                      369,747         	922     	  (609) 	 370,060 
S.B.A. Securities 	                                29,938         	201 	         - 	   30,139 
Equity Securities 	                                30,310 	      3,075    	      - 	   33,385 
  TOTAL 	                                        $459,440 	     $4,250 	     ($609) 	 $463,081 
</TABLE>


			

	The amortized cost of mortgage-backed securities ("MBS")
included in both the available-for-sale and held-to-maturity
categories was $813.7 million at September 30, 1995, with an
aggregate fair value of $808.5 million, or a net pre-tax
unrealized loss of $5.1 million.  This compares to securities
with an amortized cost of $640.0 million and an aggregate fair
value of $636.6 million or a net pre-tax  unrealized loss of
$6.4 million at June 30,995 and securities with an amortized
cost of $586.6 million and an aggregate fair value of $549.6
million or a net pre-tax unrealized loss of $37.0 million, at
December 31, 1994.  The increase in fair value reflects the
favorable impact of lower market interest rates during the first
nine months of  1995.  The Registrant's mortgage-backed
securities are principally fixed rate and the value of these
instruments moves in an inverse relationship to interest rates.



	Mortgage-backed securities classified as held-to-maturity
included $85.4 million in collateralized mortgage obligations at
September 30, 1995.  Mortgage-backed securities classified as
available-for-sale included $31.9 million in collateralized
mortgage obligations at September 30, 1995.

<PAGE>
ITEM 2	

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS



Securities (continued)



	The prepayment of mortgage-backed securities, including
collateralized mortgage obligations, is actively monitored
through the Registrant's portfolio management function.  The
Registrant typically invests in MBS's with stable cash flows and
relatively short duration, thereby limiting the impact of
interest rate fluctuations on the portfolio.  Management
regularly performs simulation testing to assess the impact that
interest and market rate changes would have on its MBS's
portfolio.



    At September 30, 1995, securities carried at $312.5 million
were pledged for various purposes as required by law and to
secure securities sold under agreements to repurchase and other
borrowings.



	On July 31, 1995, the Registrant sold its interest in Sunrise
Bancorp. for $7.3 million or $30.00 per share, resulting in a
gain of $2.5 million, adding approximately $.05 per share to
earnings during the third quarter. 



	The Registrant is currently evaluating the allocation of its
securities portfolio between held-to-maturity and
available-for-sale in light of the recent announcement by the
Financial Accounting Standards Board ("FASB") that Companies
will be given an opportunity to transfer securities from the
held-to-maturity category without undergoing a mandatory
reevaluation of other securities in this category to determine
whether they should be reclassified. This opportunity will exist
from mid November ( when FASB plans to issue its implementation
guide on SFAS 115 ) and year end.

  

Capital



	The Federal Reserve Board has formal capital guidelines which
bank holding companies are required to meet.  The risk based
capital guidelines are designed to make regulatory capital
requirements more sensitive to differences in risk profiles
among banks and bank holding companies to account for
off-balance sheet exposure and to minimize disincentives for
holding liquid assets. Under these guidelines, assets and
off-balance sheet items are assigned to broad risk categories,
each with appropriate weights. The resulting capital ratios
represent capital as a percentage of total risk weighted assets
and off balance sheet items. The guidelines currently require
all bank holding companies to maintain a minimum ratio of total
risk based capital to total risk weighted assets of 8.00%,
including a minimum ratio of Tier I capital to risk weighted
assets of 4.00%.	



	The following table sets forth the Registrant's regulatory
capital as of September 30, 1995 under the rules applicable at
such date.  At such date the Registrant was in compliance with
all applicable regulatory requirements.

<TABLE>
  

<S>                                              <C>                 <C>
                                                	Amount 	            Ratio 

Tier 1 Capital 	                                     $270,159 	       15.83% 
Regulatory Requirement 	                               68,272         	4.00% 
Excess 	                                              201,887        	11.83% 

		
Total Risk Adjusted Capital                          	291,863        	17.10% 
Regulatory Requirement                               	136,543         	8.00% 
Excess 	                                             $155,320         	9.10% 

		
Risk Weighted Assets 	                             $1,706,793 	

</TABLE>

<PAGE>
ITEM 2	

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS



Capital (Continued)



	The Registrant's leverage ratio at September 30, 1995 was
9.26%.  The Tier I, total risk based and leverage capital ratios
of the Registrant's bank subsidiary, were 16.30%, 17.58%, and
9.49%, respectively, at September 30, 1995.



	The Federal Deposit Insurance Corporation Act ("FDICIA") became
effective December 19, 1991.  FDICIA substantially revised the
depository institution regulatory and funding provisions of the
Federal Deposit Insurance Act and makes revisions to several
other banking statutes.  Among other things, FDICIA requires the
federal banking regulators to take prompt corrective action on
depository institutions that do not meet minimum capital
requirements.  FDICIA establishes five categories: "well
capitalized", "adequately capitalized", "undercapitalized",
"significantly undercapitalized" and "critically
undercapitalized".  Under the regulations, a "well capitalized"
institution has a minimum total risk based capital to total risk
weighted assets of at least 10%, a minimum Tier I capital to
total risk weighted assets of 6%, a minimum leverage ratio of at
least 5% and is not subject to any written order, agreement or
directive.  The Registrant and its bank subsidiary are
considered well capitalized.



	On April 20, 1995 the Registrant's Board of Directors approved
the repurchase of up to 1.2 million shares or approximately 5%
of the Registrant's common shares outstanding.   To date, the
Registrant has purchased 74,592 shares.

Consistent with the Registrant's intended purpose for the Stock
Repurchase Program, 49,100 of these shares were used to fund
deferred compensation plans during 1995.



	On September 26, 1995, the Registrant's Board of Directors
declared a 20% increase in its  quarterly cash dividend to 15.0
cents per share.  The dividend will be payable November 15, 1995
to shareholders of record at the close of business October 26,
1995.



Liquidity



	The objective of the Registrant's liquidity management is to
ensure the availability of sufficient resources to meet all
financial commitments and to capitalize on opportunities for
business expansion.  Liquidity management addresses the
Registrant's ability to meet deposit withdrawals either on
demand or contractual maturity, to repay other borrowings as
they mature and to make new loans and investments as
opportunities arise.



	The Registrant's sources of liquidity include dividends from
its subsidiaries, borrowings, and funds available through the
capital markets.  Dividends from the Registrant's bank
subsidiary are limited by New York State Banking Department
regulations to the current year's earnings plus the prior two
years' retained net profits.  According to the parameters of
this regulation, the Bank had $93.1 million of retained earnings
available for dividends to the Registrant as of September 30,
1995.



	The Bank has numerous sources of liquidity including loan and
security principal repayments and maturities, lines of credit
with other financial institutions, the ability to borrow under
repurchase agreements utilizing its unpledged securities
portfolio, the sale of securities from its available for sale
portfolio, the securitization of loans within the portfolio,
whole loan sales and growth in its core deposit base.

<PAGE>
ITEM 2	

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS



Liquidity (continued)



	In addition, the Bank has the ability, as a member of the
Federal Home Loan Bank ("FHLB") system, to borrow approximately
$320 million on a secured basis, utilizing mortgage related
loans and securities as collateral, for a term 

ranging from one day to ten years at both fixed and variable
rates.  As of September 30, 1995, the Bank had $10 million in
such advances, with an original maturity of greater than one
year.



	The Registrant's liquidity position is monitored on a daily
basis to ensure the maintenance of an optimum level and the most
cost efficient use of available funds.  Management believes that
the Registrant has sufficient liquidity to meet its operating
requirements.



Pending Acquisitions



   Extebank Domestic Banking Business 



     On September 18,1995, the Registrant and Banco Exterior de
Espana, S.A., Spain ("BEX") entered into an agreement whereby
the Registrant will acquire the domestic commercial banking
business of Extebank ("Extebank"), a wholly owned subsidiary of
BEX, for $47.0 million in cash, which represents approximately
157 % of book value. Extebank has approximately $442 million in
total assets, including net loans of $252 million, and deposits
of $396 million. The Registrant will merge Extebank into its
banking subsidiary, North Fork Bank. The transaction is subject
to regulatory approval and is expected to be completed during
the first quarter of 1996.



    First Nationwide Bank  Long Island Branches



        On September 29, 1995, the Registrant announced that
North Fork Bank had entered into an agreement with First
Nationwide Bank to acquire its ten Long Island branches with
approximately $590 million in deposits for $37.5 million in
cash, or a deposit premium of 6.35%. The transaction is subject
to regulatory approval and is expected to be completed during
the first quarter of 1996.

<PAGE>
SIGNATURES













	Pursuant to the requirements of the Securities and Exchange Act
of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.















Date:   November 13, 1995 	/s/  Daniel M. Healy           
                              		Daniel M. Healy
                              		Executive Vice President &
                              		Chief Financial Officer




<PAGE>
[EXHIBIT  11]



North Fork Bancorporation, Inc.


COMPUTATION OF NET INCOME PER COMMON EQUIVALENT SHARE
September 30, 1995
(Unaudited)



                                                                
<TABLE>
                                

                                                                
                                           Three Months Ended           Nine Months Ended
<S>                                  <C>            <C>            <C>            <C>
                                    	Sept.30, 1995 	Sept.30, 1994 	Sept.30, 1995 	Sept.30, 1994 

Net Income 	                           $14,952,119 	  $10,436,173 	  $38,682,234 	  $28,697,026 

 	 	 	 	 
Common Equivalent Shares: 	 	 	 	 

 	 	 	 	 
Weighted Average Common 
  Shares Outstanding                   	24,751,446	     22,654,635 	   24,271,687 	   22,554,953 
Weighted Average Common 
  Equivalent Shares (a) 	                 150,013 	     1,355,336       	119,562 	    1,324,452 
Weighted Average Common and 
  Common Equivalent Shares 	           24,901,459 	    24,009,971    	24,391,249 	   23,879,405 

 	 	 	 	 
Net Income per Common 
  Equivalent Share 	                        $0.60 	         $0.44 	        $1.59 	        $1.20 

 	 	 	 	 
(a) Consists of warrants and options 	 	 	 	 
</TABLE>