Hudson City Bancorp, Inc. (Hudson City Bancorp) serves as the holding company of its subsidiary, Hudson City Savings Bank (the Bank). The Bank is a federal stock savings bank. The Company is a community- and consumer-oriented retail savings bank offering traditional deposit products, residential real estate mortgage loans and consumer loans. In addition, it purchases mortgages and mortgage-backed securities and other securities issued by United States government-sponsored enterprises (GSEs), as well as other investments permitted by applicable laws and regulations. It retains substantially all of the loans it originates in its portfolio. Its traditional consumer products, such as conforming one- to four-family residential mortgages, time deposits, checking and savings accounts appeal to a customer base. Its jumbo mortgage lending proficiency and its time deposit and money market products have allowed the Company to target higher-income customers.