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Pricing Supplement Dated February 13, 1998 Rule 424(b)(3)
File No. 33-50333
(To Prospectus dated October 8, 1993 and
Prospectus Supplements dated August 1, 1995
and January 22, 1998)
THE BANK OF NEW YORK COMPANY, INC.
Subordinated Retail Medium-Term Notes
(U.S. $ Fixed Rate)
_________________________________________________________________
Trade Date: February 13, 1998 Original Issue Date: February 19,
1998
Principal Amount: $25,000,000 Net Proceeds to Issuer: $24,437,500
Issue Price: 100% Agent's Capacity:
Selling Agent's x Principal Basis Agency Basis
Commission/Discount: 2.25%
Interest Rate: 6.50% per annum Interest Payment Dates: Semi-
Maturity Date: February 19, 2013 Annually on August 19 and
February
19 commencing August 19, 1998
_________________________________________________________________
___
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 19, 2002 and semi-annually thereafter on
30 calendar days notice
Initial Redemption Date: February 19, 2002
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)
Paine Webber Incorporated
(continued from previous page)
The Notes described herein are being purchased by Paine Webber
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 will be $24,437,500.
