SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8 - K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): December 10, 1996
THE BANK OF NEW YORK COMPANY, INC.
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(exact name of registrant as specified in its charter)
NEW YORK
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(State or other jurisdiction of incorporation)
1-6152 13-2614959
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(Commission file number) (I.R.S. employer identification
number)
48 Wall Street, New York, NY 10286
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(Address of principal executive (Zip code)
offices)
212 - 495 - 1784
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(Registrant's telephone number,
including area code)
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ITEM 5. Other Events
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Common Share Buyback
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On December 10, 1996, The Bank of New York Company,
Inc. (the "Company")announced that its Board of
Directors had approved a plan to buy back, through the
end of 1997, up to 30 million of its common shares.
Approximately 1.2 million shares will be used in
connection with certain employee benefit plans.
The Company has completed the repurchase of 52 million
shares from buyback programs announced in November 1995
and June 1996.
<PAGE>
SIGNATURE
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Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned thereunto duly
authorized.
Dated: December 10, 1996
THE BANK OF NEW YORK COMPANY, INC.
(Registrant)
By: \s\ Robert E. Keilman
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Name: Robert E. Keilman
Title: Comptroller
