<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BALANCE
SHEET AND THE STATEMENT OF EARNINGS OF CARVER BANCORP, INC. FOR THE SIX MONTH
PERIOD AT AND ENDED SEPTEMBER 30, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-END>                               SEP-30-1998
<CASH>                                      23,203,535
<INT-BEARING-DEPOSITS>                     267,132,144
<FED-FUNDS-SOLD>                            14,800,000
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                 41,045,211
<INVESTMENTS-CARRYING>                      78,274,561
<INVESTMENTS-MARKET>                        77,685,943
<LOANS>                                    257,620,195
<ALLOWANCE>                                  3,280,985
<TOTAL-ASSETS>                             430,174,693
<DEPOSITS>                                 277,796,144
<SHORT-TERM>                               106,693,062
<LIABILITIES-OTHER>                          7,755,866
<LONG-TERM>                                  1,092,792
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        23,144
<OTHER-SE>                                  36,153,690
<TOTAL-LIABILITIES-AND-EQUITY>             430,174,693
<INTEREST-LOAN>                             10,559,623
<INTEREST-INVEST>                            3,185,114
<INTEREST-OTHER>                               841,210
<INTEREST-TOTAL>                            14,585,947
<INTEREST-DEPOSIT>                           4,212,653
<INTEREST-EXPENSE>                           7,520,421
<INTEREST-INCOME-NET>                        7,065,526
<LOAN-LOSSES>                                  750,000
<SECURITIES-GAINS>                               5,819
<EXPENSE-OTHER>                              6,605,621
<INCOME-PRETAX>                                856,939
<INCOME-PRE-EXTRAORDINARY>                     856,939
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   511,263
<EPS-PRIMARY>                                      .23
<EPS-DILUTED>                                      .23
<YIELD-ACTUAL>                                    7.37
<LOANS-NON>                                  3,304,252
<LOANS-PAST>                                 5,720,985
<LOANS-TROUBLED>                               142,000
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                             3,242,000
<CHARGE-OFFS>                                  521,000
<RECOVERIES>                                     7,000
<ALLOWANCE-CLOSE>                            3,880,985
<ALLOWANCE-DOMESTIC>                         3,880,985
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0