Pricing Supplement Dated February 27, 1996 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: February 27, 1996 Original Issue Date: March
15, 1996
Principal Amount: $10,000,000 Net Proceeds to Issuer:
$10,000,000
Issue Price: 100% Agent's Capacity:
Selling Agent's x Principal Basis
Agency Basis
Commission/Discount: none
Interest Rate: 7.00% per annum Interest Payment Dates:
Monthly on the 15th of
each month commencing
Maturity Date: March 15, 2011 April 15, 1996. Interest
shall accrue up to but
not including the
relevant Interest Payment
Date from, and including,
the next preceeding
Interest Payment Date.
If the Interest Payment
Date is not a Business
Day in New York City,
interest will be paid on
the next suceeding
Business Day in New York
City, with the same force
and effect as if made on
the Interest Payment
Date.
____________________________________________________________
Form: x Book Entry
Certificated
Redemption:
The Notes cannot be redeemed prior to
maturity
x The Notes may be redeemed prior to maturity
on March 15, 2000 and semi-annually
thereafter on 25 calendar days notice
Initial Redemption Date: March 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
Salomon Brothers Inc
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(continued from previous page)
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. The Notes described herein are being
purchased by Salomon Brothers Inc (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
$10,000,000.
Salomon Brothers Inc
