BEAR STEARNS COMPANIES INC
424B3, 1999-10-20
SECURITY BROKERS, DEALERS & FLOTATION COMPANIES
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PRICING SUPPLEMENT NO. 16                                       Rule 424(b)(3)
DATED:  October 20, 1999                                    File No. 333-83049
(To Prospectus dated August 9, 1999
and Prospectus Supplement dated August 9, 1999)


                                $7,878,183,000
                         THE BEAR STEARNS COMPANIES INC.
                           MEDIUM-TERM NOTES, SERIES B

Principal Amount:            Floating Rate Notes [  ] Book Entry Notes [x]
$10,000,000

Original Issue Date:         Fixed Rate Notes [x]     Certificated Notes [  ]
11/12/1999

Maturity Date: 11/12/2014    CUSIP#: 073928LG6

Option to Extend Maturity:   No    [x]
                             Yes   [  ]  Final Maturity Date:


                                              OPTIONAL            OPTIONAL
                         REDEMPTION           REPAYMENT           REPAYMENt
   REDEEMABLE ON          PRICE(S)             DATE(S)            PRICE(S)
   -------------          --------             -------            --------

         *                   N/A                 N/A                 N/A

APPLICABLE ONLY TO FIXED RATE NOTES:

Interest Rate: 8.00%

Interest Payment Dates:  **

APPLICABLE ONLY TO FLOATING RATE NOTES:

Interest Rate Basis:                     Maximum Interest Rate:

[  ]  Commercial Paper Rate              Minimum Interest Rate:

[  ]  Federal Funds Rate                 Interest Reset Date(s):

[  ]  Treasury Rate                      Interest Reset Period:

[  ]  LIBOR Reuters                      Interest Payment Date(s):

[  ]  LIBOR Telerate

[  ]  Prime Rate

[  ]  CMT Rate

Initial Interest Rate:                   Interest Payment Period:

Index Maturity:

Spread (plus or minus):

*    Commencing  November  12,  2001  and  on  the  12th  of  May  and  November
     thereafter,  the Notes  may be called in whole at par at the  option of the
     Company on eight calendar days notice.

**   Commencing December 12, 2000 and on the 12th of each month thereafter,  for
     each year until maturity or until the Notes are called.

The  distribution  of Notes will conform to the  requirements  set forth in Rule
2720 of the NASD Conduct Rules.


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