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Pricing Supplement Dated August 22, 1995 Rule 424(b)(3)
File No. 33-50333
(To Prospectus dated October 8, 1993 and
Prospectus Supplement dated August 1, 1995)
THE BANK OF NEW YORK COMPANY, INC.
Subordinated Retail Medium-Term Notes
(U.S. $ Fixed Rate)
_________________________________________________________________
Trade Date: August 22, 1995 Original Issue Date: August 25, 1995
Principal Amount: $25,000,000 Net Proceeds to Issuer: $24,922,500
Issue Price: (see below) Agent's Capacity:
Selling Agent's x Principal Basis Agency Basis
Commission/Discount: (see below)
Interest Rate: 7.56% per annum Interest Payment Dates: The
Maturity Date: August 24, 2007 twenty fourth day of each
August and February
commencing February 24, 1996
_________________________________________________________________
Form: x Book Entry
Certificated
Redemption:
The Notes cannot be redeemed prior to maturity
x The Notes may be redeemed prior to maturity on
each August 24 and February 24 occurring on or
after the Initial Redemption Date
Initial Redemption Date: August 24, 2000
Initial Redemption Percentage: 100%
Annual Redemption Percentage Reduction: N/A
Repayment:
x The Notes cannot be repaid prior to maturity
The Notes can be repaid prior to maturity at the
option of the holder of the Notes
Optional Repayment Date: N/A
Optional Repayment Price: N/A
Discount Note: Yes x No
The covenant defeasance provisions of the Indenture described
under"Description of Debt Securities -- Defeasance and Covenant
Defeasance" in the Prospectus will apply to the Notes.
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Merrill Lynch & Co.
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(continued from previous page)
The Notes described herein are being purchased by Merrill Lynch &
Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated (the
"Agent"), as principal, on the terms and conditions described in
the Prospectus Supplement under the caption "Plan of Distribution
of Retail Medium-Term Notes". The Notes will be sold to the
public at varying prices relating to prevailing market prices at
the time of resale as determined by the Agent. The net proceeds
to the Company, before deducting expenses payable by the Company,
will be $24,922,500.
