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                                                                   EXHIBIT 10.13

                               AMENDMENT TO THE
                        DEFERRED COMPENSATION PLAN FOR
                       BOARD MEMBERS OF THE DIME SAVINGS
                             BANK OF NEW YORK, FSB


          1. The introductory clause of Section 3.8(a) of the Plan is amended to
read as follows:

              "(a)  Effective July 1, 1994, and subject to sections 3.8(d) and
         3.8(e), only the following transfers between accounts are permitted
         under the Plan:"

          2.       Section 3.8 of the Plan is amended to add at the end thereof
the following new subsections (d) and (e) to read as follows:

              "(d)  In accordance with the provisions of this section 3.8, a
         Participant may, by filing a notice in the form and manner prescribed
         by the Administrative Committee, elect to change his or her investment
         direction with respect to all or a portion of the amounts then held in
         such Participant's accounts, with such election and the new investment
         direction becoming effective as of the first day of any calendar
         quarter (i.e., January 1, April 1, July 1 or October 1), provided such
         investment direction election is made, and not revoked, prior to 10:00
         a.m. on the first day of such calendar quarter. Such direction shall
         relate solely to amounts already allocated to the Participant's
         accounts, in which event it shall constitute a direction to transfer
         amounts in the Participant's accounts among the various available
         deemed investments.  Any investment direction election made by a
         Participant shall remain in effect until changed, to the extent such
         change is permitted under the Plan.

              (e)  Securities Law Limitations.  Notwithstanding anything in the
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         Plan to the contrary, if at any time a Participant who is an Insider
         (as defined below) is prohibited by the Section 16 Rules (as defined
         below) from directing that his or her accounts be (i) deemed invested
         in an investment fund that invests in common stock of Dime Bancorp,
         Inc. (the "Company"), (ii) deemed transferred to a deemed investment in
         common stock of the Company, or (iii) to the extent of any deemed
         investment in common stock of the Company, deemed redeemed for whatever
         reason, any such direction shall be disregarded and not given effect.
         For purposes of this subsection (e), an Insider shall mean, with
         respect to the Company or any of its subsidiaries, (i) any Participant
         who is subject to the Section 16 Rules, determined in accordance with
         Rule 16a-2 thereof, and (ii) solely with respect to certain trading
         restrictions with respect to common stock of the Company imposed from
         time to time by the Company or any of its subsidiaries, any Participant
         who is subject to such trading restrictions.  For
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         purposes of this subsection (e), the Section 16 Rules mean those rules
         (as from time to time amended) promulgated by the Securities and
         Exchange Commission ("SEC") under Section 16 of the Securities Exchange
         Act of 1934, as amended (the "Act"). For purposes of the Plan, an
         action shall be deemed to be prohibited by the Section 16 Rules, if it
         could, if permitted or occurring, result in a transaction not being
         exempt from the provisions of Section 16(b) of the Act. An action in
         violation of certain trading restrictions with respect to common stock
         of the Company imposed from time to time by the Company or any of its
         subsidiaries shall be deemed to be prohibited by the Section 16 Rules
         solely for purposes of the Plan."

              3.   The introductory clause to Section 4.1(a) is amended to read
as follows:

              "(a)  Except as otherwise provided in section 4.4, the amounts
         credited to a participant's Interest Bearing Memorandum Account, Stock
         Memorandum Account, Phantom II Account, Trust Account and Discretionary
         Accounts shall be paid to the Participant commencing on one of the
         following dates, as elected by the Participant prior to the crediting
         of the respective amounts to his accounts:"

              4.   The first sentence of Section 4.1(b) is amended to read as
follows:

              "(b)  Except as otherwise provided in section 4.4, payments made
         pursuant to Section 4.1(a) shall be made in (i) fifteen annual
         installments, or (ii) if elected by the Participant prior to the
         earlier of his election to defer or crediting of such amounts to his
         account, in such lesser number of installments as shall be specified by
         the Participant in such election, or in a lump sum.

              5.   Article IV is amended to add a new Section 4.4 to read as
follows:

              "Section 4.4  Additional Payment Elections.
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              Notwithstanding the preceding provisions of this Article IV to the
         contrary, a Participant may subsequently elect, in such form and manner
         as may be prescribed by the Administrative Committee, that the amounts
         credited to his or her accounts be distributed commencing on one of the
         dates described in section 4.1(a)(i), (ii) or (iii) above in lieu of
         the date(s) initially selected, provided that any such election is made
         at least twenty-four (24) months prior to the earlier of the date
         payments would otherwise commence (other than on account of Hardship)
         or the Participant's termination of service for any reason as a member
         of the Board and, as applicable, as a member of the boards of directors
         of all subsidiaries of Dime Bancorp, Inc.  Further, notwithstanding the
         preceding provisions of this Article IV to the contrary, a Participant
         may also subsequently elect, in such form and manner as may be
         prescribed by the Committee, that the amounts credited to his or her
         accounts be paid in any one of the forms of benefit payment provided
         under this section 4.1(b) in lieu of the form of payment initially
         selected, provided that any such election is made at least twenty-four
         (24) months prior to the earlier of the date payments would otherwise
         commence (other than on account of Hardship) or the Participant's
         termination of service for any reason as a
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         member of the Board and, as applicable, as a member of the boards of
         directors of all subsidiaries of Dime Bancorp, Inc.