Hudson City Bancorp, Inc. (Hudson City Bancorp) serves as the holding company of its wholly owned subsidiary, Hudson City Savings Bank (Hudson City Savings), retail savings bank offering traditional deposit products, residential real estate mortgage loans and consumer loans. In addition, the Company purchases mortgages and mortgage-backed securities and other securities issued by United States government-sponsored enterprises, as well as other investments permitted by applicable laws and regulations. Its revenues are derived principally from interest on its mortgage loans and mortgage-backed securities, and interest and dividends on its investment securities.