Exhibit 23.2

                             [KPMG LLP LETTERHEAD]



                         Independent Auditors' Consent

The Board of Diretcors
  and Stockholders of
  Astoria Financial Corporation:

We consent to the incorporation by reference in the Prospectus constituting part
of the registration statement on Form S-4 of Astoria Capital Trust I dated
February 18, 2000 of our report dated January 21, 1999 relating to the
consolidated statements of financial condition of Astoria Financial Corporation
and subsidiaries as of December 31, 1998 and 1997, and the related consolidated
statements of income, changes in stockholders' equity  and cash flows for each
of the years in the three-year period ended December 31, 1998, which report is
included in the December 31, 1998 annual report on Form 10-K of Astoria
Financial Corporation.

We also consent to the reference to our firm under the caption "Experts" in such
Registration Statement.


Melville, New York                            /s/KPMG LLP
February 18, 2000