SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 12b-25

                                      Commission File Number:   0-21487
                                      CUSIP Number:             146875

                           NOTIFICATION OF LATE FILING

(Check One):  [  ] Form 10-K   [  ] Form 11-K   [X] Form 10-Q    [ ] Form N-SAR
For Period Ended: December 31, 1998
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[ ] Transition Report on Form 10-K          [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F          [ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K
For the Transition Period Ended:
                                ------------------------------------------------

      READ ATTACHED INSTRUCTION SHEET BEFORE PREPARING FORM. PLEASE PRINT OR
TYPE.

      Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.

      If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates: QUARTERLY REPORT ON FORM
10-Q.

                         PART I. REGISTRANT INFORMATION

Full name of registrant Carver Bancorp, Inc.
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Former name if applicable
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Address of principal executive office (STREET AND NUMBER) 75 West 125Th Street
                                                          ----------------------
City, State and Zip Code New York, NY 10027
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                        PART II. RULE 12b-25 (b) AND (c)

      If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check appropriate box.)

[X]   (a) The reasons described in reasonable detail in Part III of this form
      could not be eliminated without unreasonable effort or expense;

[X]   (b) The subject annual report, semi-annual report, transition report on
      Form 10-K, 20-F, 11-K or Form N- SAR, or portion thereof will be filed on
      or before the 15th calendar day following the prescribed due date; or the
      subject quarterly report or transition report on Form 10-Q, or portion
      thereof will be filed on or before the fifth calendar day following the
      prescribed due date; and

[ ]   (c) The accountant's statement or other exhibit required by Rule 12b-25(c)
      has been attached if applicable.







                               PART III. NARRATIVE

      State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F,
10-Q, N-SAR or transition report portion thereof could not be filed within the
prescribed time period. (Attach extra sheets if needed.)

      On January 25, 1999, the registrant announced an expected non-recurring
third quarter loss, the termination of its President and Chief Executive Officer
and the appointment of an Operating Committee to perform the duties
of the chief executive officer until a replacement is appointed.

      As a result of the foregoing unusual circumstances and in the interest of
full and accurate disclosure to the Commission and to current stockholders and
to avoid incurring unreasonable effort or expense, the Registrant requires
additional time to prepare its Form 10-Q filing. The Registrant anticipates that
the filing will be made as required under Rule 12b-25(b)(2)(ii).

                           PART IV. OTHER INFORMATION

(1) Name and telephone number of person to contact in regard to this 
notification

          David R. Jones                              (212) 876-4747
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             (Name)                           (Area code) (Telephone number)

(2) Have all other periodic reports required under Section 13 or 15(d) of the
Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of
1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s).
                                                    [X]      Yes      [  ]    No

(3) Is it anticipated that any significant change in results of operations from
the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?
                                                    [X]      Yes      [   ]   No

      If so: attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.

      On February 9, 1999, the registrant announced its results of operations
for the three and nine month periods ended December 31, 1998. The registrant
reported an after-tax loss for the third quarter ended December 31, 1998 of $5.7
million, or $2.59 per share, which resulted primarily from non-recurring
charges. These losses resulted from pre-tax charges of approximately $4.1
million in reconciliation adjustments primarily related to the registrant's
conversion of its data processing operations from outside data service providers
to an in-house system, approximately $1.2 million in consulting fees related to
that conversion, and approximately $2.5 million for a special provision for loan
losses, primarily in connection with the Bank's consumer loan portfolio.







                              Carver Bancorp, Inc.
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                  (Name of Registrant as specified in Charter)

has caused this notification to be signed on its behalf by the undersigned 
thereunto duly authorized.

                                                 CARVER BANCORP, INC.



Date February 12, 1998                           By:/s/ David R. Jones
    ------------------                              ------------------
                                                 David R. Jones
                                                 Chairman of the Board

      INSTRUCTION: The form may be signed by an executive officer of the
registrant or by any other duly authorized representative. The name and title of
the person signing the form shall be typed or printed beneath the signature. If
the statement is signed on behalf of the registrant by an authorized
representative (other than an executive officer), evidence of the
representative's authority to sign on behalf of the registrant shall be filed
with the form.


                                    ATTENTION
   INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL
                        VIOLATIONS (SEE 18 U.S.C. 1001).

                              GENERAL INSTRUCTIONS

1.    This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the General
      Rules and Regulations under the Securities Exchange Act of 1934.

2.    One signed original and four conformed copies of this form and amendments
      thereto must be completed and filed with the Securities and Exchange
      Commission, Washington, D.C. 20549, in accordance with Rule 0-3 of the
      General Rules and Regulations under the Act. The information contained in
      or filed with the form will be made a matter of public record in the
      Commission files.

3.    A manually signed copy of the form and amendments thereto shall be filed
      with each national securities exchange on which any class of securities of
      the registrant is registered.

4.    Amendments to the notifications must also be filed on form 12b-25 but need
      not restate information that has been correctly furnished. The form shall
      be clearly identified as an amended notification.

5.    ELECTRONIC FILERS. This form shall not be used by electronic filers unable
      to timely file a report solely due to electronic difficulties. Files
      unable to submit a report within the time period prescribed due to
      difficulties in electronic filing should comply with either Rule 201 or
      Rule 202 of Regulation S-T (ss.232.201 or ss.232.202 of this chapter) or
      apply for an adjustment in filing date pursuant to Rule 13(b) of
      Regulation S-T (ss.232.13(b) of this chapter).