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Pricing Supplement Dated August 18, 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)
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Trade Date: August 18, 1995 Original Issue Date: August 22, 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: (see below)
Interest Rate: 7.54% per annum Interest Payment Dates: The
Maturity Date: August 15, 2010 fifteenth day of each month,
commencing September 15, 1995
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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 15 and February 15 occurring on or after the Initial
Redemption Date
Initial Redemption Date: August 15, 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 $49,000,000.
