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 20, 1996 Original Issue Date: March 1,
1996
Principal Amount: $15,000,000 Net Proceeds to Issuer:
$15,000,000
Issue Price: 100% Agent's Capacity:
Selling Agent's x Principal Basis Agency
Commission/Discount: None Basis
Interest Rate: 6.75% per annum Interest Payment Dates:
Maturity Date: March 1, 2011 The 1st day of each month
commencing April 1, 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 March 1, 2000 and semi-annually
thereafter on 30 calendar days notice
Initial Redemption Date: March 1, 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.
Smith Barney Inc.
