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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
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OMB Number: 3235-0145
Expires: August 31, 1999
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.7)*
Queens County Bancorp, Inc.
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(Name of Issuer)
Common Stock par value $.01 per share
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(Title of Class of Securities)
748242-10-4
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(CUSIP Number)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ X ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall be deemed to
be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934
("Act") or otherwise subject to the liabilities of that section of the Act but
shall to all other provisions of the Act (however, see the Notes).
SEC 1745 (3-98) Page 1 of 5 pages
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CUSIP No. 748242-10-4 13G Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Queens County Savings Bank
Employee Stock Ownership Plan
IRS ID No. 11-1212640
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITZENSHIP OR PLACE OF ORGANIZATION
New York chartered stock savings institution's employee stock
benefit plan organized in New York.
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5 SOLE VOTING POWER
2,861,769* * As adjusted for a 3 for 2 Stock
NUMBER OF Split on 09/29/98.
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SHARES 6 SHARED VOTING POWER
BENEFICIALLY 1,739,957*
OWNED BY
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING 4,601,726*
PERSON
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WITH 8 SHARED DISPOSITIVE POWER
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,601,726*
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
21.65% of 21,250,897 shares of Common Stock outstanding as of December
31, 1998.
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12 TYPE OF REPORTING PERSON*
EP
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 5 pages
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Queens County Savings Bank
Employee Stock Ownership Plan
SCHEDULE 13G
Item 1 (a) Name of Issuer:
Queens County Bancorp, Inc.
Item 1 (b) Address of Issuer's Principal Executive Offices:
38-25 Main Street
Flushing, New York 11354-5549
Item 2 (a) Name of Person Filing:
Queens County Savings Bank
Employee Stock Ownership Plan
Trustee: Oppenheimer Capital Trust Company
One World Financial Center
New York, New York 10281-1698
Item 2 (b) Address of Principal Business Offices or, if none, Residence:
38-25 Main Street
Flushing, New York 11354-5549
Item 2 (c) Citizenship: New York chartered stock savings institution's
employee stock benefit plan organized in
New York.
Item 2 (d) Title of Class of Securities: Common Stock par value $.01
per share
Item 2 (e) CUSIP Number: 748242-10-4
Item 3 The person filing this statement is an employee benefit plan
which is subject to the provisions of the Employee Retirement
Income Security Act of 1974.
Item 4 Ownership: As of December 31, 1998, the reporting person
beneficially owned 4,601,726 shares of the
issuer. This number of shares represents 21.65%
of the common stock, par value $.01, of the
issuer, based upon 21,250,897 shares of such
common stock outstanding as of December 31, 1998.
As of December 31, 1998, the reporting person
has sole power to vote or to direct the vote of
2,861,769 of the shares and shares voting power
over 1,739,957 shares. The reporting person has
the sole power to dispose or direct the
disposition of 4,601,726 shares of common stock.
Page 3 of 5 pages
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Item 5 Ownership of Five Percent or Less of a Class:
N/A
Item 6 Ownership of More than Five Percent on Behalf of Another
Person:
N/A
Item 7 Identification and classification of the Subsidiary
Which Acquired the Security Being Reported on By the
Parent Holding Company:
N/A
Item 8 Identification and Classification of Members of the Group:
N/A
Item 9 Notice of Dissolution of Group:
N/A
Page 4 of 5 pages
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Item 10 Certification:
By signing below, I certify that, to the best of my
knowledge and belief, the securities referred to above were
acquired and are held in the ordinary course of business and
were not acquired and are not held for the purpose of or
with the effect of changing or influencing the control of
the issuer of the securities and were not acquired and are
not held in connection with or as a participant in any
transaction having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 8, 1999
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(Date)
/s/ Charles T. Platt
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(Signature)
Charles T. Platt, Senior Trust Officer
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(Name/Title)
Page 5 of 5 pages
