UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 4)*

     Carver Bancorp, Inc.   
(Name of Issuer)

    Common Stock, par value $0.01 per share   

 (Title of Class of Securities)

  146875604  
(CUSIP Number)

                         December 31, 2011                   

(Date of Event which Requires Filing of this Statement)

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 not 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 be  subject  to all other  provisions  of the Act  (however,  see the Notes).

Continued on following pages

Page 1 of 5 Pages

SCHEDULE 13G

 CUSIP No.:    146875604 Page 2 of 5 Pages  

1.	Names of Reporting Persons. KEEFE, BRUYETTE & WOODS, INC.
2.	Check the Appropriate Box if a Member of a Group (a) [  ] (b) [  ]
3.	SEC Use Only
4.	Citizenship or Place of Organization NEW YORK
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH  REPORTING PERSON WITH:	5.  Sole Voting Power	0
	6.  Shared Voting Power	0
	7. Sole Dispositive Power	0
	8.  Shared Dispositive Power	0
9.	Aggregate Amount Beneficially Owned by Each Reporting Person 0
10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares [  ]
11.	Percent of Class Represented by Amount in Row (9) 0.0%
12.	Type of Reporting Person: BD

Page 3 of 5 Pages

Item 1(a).	Name of Issuer Carver Bancorp, Inc.  (the "Issuer")
Item 1(b).	Address of Issuer's Principal Executive Offices 75 West 125th Street, New York, New York  10027
Item 2(a).	Name of Person Filing
	This Statement is filed on behalf of Keefe, Bruyette & Woods, Inc. (the  "Reporting Person")
Item 2(b).	Address of Principal Business Office or, if None, Residence 787 Seventh Avenue, 4th Floor, New York, New York  10019
Item 2(c).	Citizenship New York
Item 2(d).	Title of Class of Securities Common Stock, par value $0.01 (the "Shares")
Item 2(e).	CUSIP Number 146875604
Item 3.	If This Statement is Filed Pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), Check Whether the Person Filing is a:
	(a) [X] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
Item 4.	Ownership.
Item 4(a).	Amount Beneficially Owned
	As of December 31, 2011, the Reporting Person may be deemed to be the beneficial owner of 0 Shares.

Page 4 of 5 Pages

Item 4(b).	Percent of Class
	The Reporting Person may be deemed the beneficial owner of 0.0% of Shares outstanding.
Item 4(c).	Number of Shares as to which such person has:
	Keefe, Bruyette & Woods, Inc.

(i) Sole power to vote or direct the vote:	0
(ii) Shared power to vote or direct the vote:	0
(iii) Sole power to dispose or direct the disposition of:	0
(iv) Shared power to dispose or direct the disposition of:	0

Item 5.	Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the Reporting Person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [X].
Item 6.	Ownership of More than Five Percent on Behalf of Another Person This Item 6 is not applicable.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person This Item 7 is not applicable.
Item 8.	Identification and Classification of Members of the Group This Item 8 is not applicable.
Item 9.	Notice of Dissolution of Group This Item 9 is not applicable.
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.

Page 5 of 5 Pages

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.

KEEFE, BRUYETTE & WOODS, INC.
By:	/s/ Mary Johnstone
Name:	Mary Johnstone
Title:	Chief Compliance Officer

February 14, 2012