Exhibit 21.1   Subsidiaries of Astoria Financial Corporation

                                                   Jurisdiction of Incorporation
                                                   -----------------------------
               Subsidiaries of Astoria Financial
                  Corporation

               Astoria Federal Savings and Loan
                  Association a/k/a Astoria
                  Federal Savings or
                  Astoria Federal                           United States
               Astoria Capital Trust I                      Delaware
               AF Insurance Agency, Inc.                    New York

               Subsidiaries of Astoria
                  Federal Savings and Loan
                  Association

               AF Agency, Inc.                              New York
               Astoria Federal Mortgage Corp.               New York
               Astoria Federal Savings and
                  Loan Association
                  Revocable Grantor Trust                   New York
               Entrust Holding Corp.                        New York
               Fidata Service Corp.                         New York
               Star Preferred Holding
                  Corporation*                              New Jersey
               Suffco Service Corporation                   New York

               Astoria Federal has two subsidiaries which may qualify for
               alternative tax treatment under Article 9A of the New York State
               Tax Law and therefore, although inactive, are retained by Astoria
               Federal.

               Astoria Federal has four additional subsidiaries, two of which
               are single purpose entities that have interests in real estate
               investments, which are not material to our financial condition
               and one of which has no assets or operations but may be used to
               acquire interests in real estate in the future. The fourth such
               subsidiary serves as a holding company for one of the other
               three.

               Astoria Federal has three additional subsidiaries which are
               inactive, two of which Astoria Federal intends to dissolve.

               Subsidiary of Star Preferred Holding Corporation

               Astoria Preferred Funding Corporation*       Delaware

               *In the process of dissolution.