Pricing Supplement Dated February 8, 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 8, 1996 Original Issue Date: February
23, 1996
Principal Amount: $10,000,000 Net Proceeds to Issuer:
$10,000,000
Issue Price: (see below) Agent's Capacity:
Selling Agent's x Principal Basis Agency
Commission/Discount: (see below) Basis
Interest Rate: 6.70% per annum Interest Payment Dates:
Monthly on the 23rd of
each month commencing
Maturity Date: February 23, 2011 March 23, 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 February 23, 2000 and semi-annually
thereafter on 30 calendar days notice
Initial Redemption Date: February 23, 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.
(continued on next page)
Lehman Brothers Inc.
(continued from previous page)
The Notes described herein are being purchased by Lehman
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.
