Pricing Supplement Dated May 11, 1999 Rule 424(b)(3)
(To Prospectus dated October 19, 1995 and File No. 33-61957
Prospectus Supplement dated April 2, 1998)
THE BANK OF NEW YORK COMPANY, INC.
Senior Medium-Term Notes Series B
(U.S. $ Floating Rate)
_________________________________________________________________
Trade Date: May 11, 1999 Original Issue Date: May 13, 1999
Principal Amount: $100,000,000 Net Proceeds to Issuer: $100,000,000
Issue Price: 100% Agent's Capacity:
Selling Agent's x Principal Basis Agency Basis
Commission/Discount: 0.00%
Interest Rate: Prime minus Interest Payment Dates: Quarterly on a
285 basis points reset daily weighted average, on August 13,
daily with 1 day look back November 15, February 14, 2000 and
Maturity Date: May 15, 2000 May 15, 2000.
__________________________________________________________________
Form: x Book Entry
Certificated
Redemption:
x The Notes cannot be redeemed prior to maturity
The Notes may be redeemed prior to maturity
Initial Redemption Date: N/A
Initial Redemption Percentage: N/A
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. The Notes
described herein are being purchased by Salomon Smith Barney
(the "Agent"), as principal, on the terms and conditions described in
the Prospectus Supplement under the caption "Plan of Distribution."
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 $100,000,000.
Salomon Smith Barney
