Pricing Supplement Dated November 21, 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: November 21, 1995 Original Issue Date: November 28,
1995
Principal Amount: $50,000,000 Net Proceeds to Issuer: $49,000,000
Issue Price: (see below) Agent's Capacity:
Selling Agent's x Principal Basis Agency Basis
Commission/Discount: $1,000,000
Interest Rate: 7.00% per annum Interest Payment Dates: 15th
Maturity Date: November 15, 2010 day of each month commencing
December 15, 1995
_________________________________________________________________
Form: x Book Entry
Certificated
Redemption:
The Notes cannot be redeemed prior to maturity
x The Notes may be redeemed prior to maturity on
November 15, 1999 and semi-annually thereafter
on each Interest Payment Date, on 30 calendar days
notice
Initial Redemption Date: November 15, 1999
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.
(continued on next page)
Merrill Lynch & Co.
(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.
