The Bank of New York Mellon Corporation 8K | BK 23 Jul 08

Exhibit 99.2


THE BANK OF NEW YORK MELLON CORPORATION
Financial Trends

Notes:

On July 1, 2007, The Bank of New York Company, Inc. (“The Bank of New York”) and Mellon Financial Corporation (“Mellon”) merged into The Bank of New York Mellon Corporation (“The Bank of New York Mellon” or “ BNY Mellon”), with BNY Mellon being the surviving entity.

The results prior to the consummation of the merger, reflect the sum of The Bank of New York and Mellon’s historical results, but do not include the pro forma impact of purchase accounting adjustments. Combined results for the periods prior to the merger (1Q06 - 2Q07) are presented on a pre-tax basis only. Average common equity and average goodwill/intangibles are not disclosed for the periods prior to the merger due to the impact of the merger on these line items. The business segment results are presented on a pre-tax basis for all periods and reflect actions taken to report consistent transfer pricing and cost allocation methodologies as well as intercompany eliminations between The Bank of New York and Mellon.

Summations may not equal due to rounding. As a result of this rounding convention, immaterial differences may exist between the segment trends data versus the segment trends data filed on Form 10-Q.

The following transactions have impacted the reporting of our results:

On June 3, 2008, we completed the sale of Mellon 1st Business Bank, National Association (N.A.). The financial results have been moved from the Wealth Management segment to the Other segment. In addition, the financial results of Mellon United National Bank (MUNB) have been moved from the Wealth Management segment to the Other segment. Historical segment results have been restated to reflect these changes.

During the first quarter of 2008, we sold the B-Trade and G-Trade execution businesses to BNY ConvergEx Group LLC. We maintain a 35% equity interest in BNY ConvergEx Group LLC. The historical results of the B-Trade and G-Trade businesses are included in the Clearing Services segment.

On December 20, 2007, we acquired the remaining 50% interest in the ABN AMRO Mellon joint venture. The financial results are included in the Asset Servicing segment.

On October 2, 2006, Mellon Financial Corporation completed the acquisition of Walter Scott & Partners. The financial results are included in the Asset Management segment.

On October 1, 2006, The Bank of New York acquired JPMorgan Chase’s Corporate Trust business in exchange for our retail and regional middle market banking businesses. Results of the Corporate Trust business are included in the Issuer Services segment.

Discontinued Operations Accounting -

The income/(loss) and average assets from discontinued operations accounting have not been allocated to any segment.

Average Assets -

Where average deposits in a business segment are greater than average loans, average assets include an allocation of investment securities equal to the difference. Consolidated average assets include average assets of discontinued operations.

Return on Common and Tangible Common Equity/Pretax Operating Margin -

Ratios are presented for continuing operations basis only. Quarterly return on common and tangible common equity ratios are annualized.

Page 1 of 18

THE BANK OF NEW YORK MELLON CORPORATION


CONTINUING OPERATIONS - 10 Quarter Trend


*(dollar amounts in millions unless otherwise noted;* *presented on an FTE basis)*	2006												2007												2008
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr (b)
Revenue:
Securities servicing fees
Asset servicing	$	554		$	606		$	574		$	595		$	640		$	694		$	720		$	809		$	897		$	868
Issuer services		202			261			243			385			371			415			436			438			376			444
Clearing & execution services		337			331			296			260			274			285			304			314			267			270

Total securities servicing fees		1,093			1,198			1,113			1,240			1,285			1,394			1,460			1,561			1,540			1,582
Asset and wealth management fees		626			661			685			775			801			856			854			887			842			844
Performance fees		65			55			59			214			49			63			(3	)		62			20			16
Foreign exchange & other trading		172			202			137			155			182			176			238			305			259			308
Treasury services		121			120			121			118			116			121			122			121			124			130
Distribution and servicing		63			68			73			80			84			83			95			113			98			110
Financing-related fees		78			75			71			71			63			69			51			52			48			50
Investment Income		73			57			63			90			71			87			31			63			32			56
Securities gains (losses)		(4	)		3			4			2			2			1			(9	)		(191	)		(73	)		(152	)
Other fee revenue		95			86			97			105			97			89			101			82			97			53

Total fee and other revenue		2,382			2,525			2,423			2,850			2,750			2,939			2,940			3,055			2,987			2,997
Net interest revenue		470			481			481			565			558			592			674			757			773			415

Total revenue		2,852			3,006			2,904			3,415			3,308			3,531			3,614			3,812			3,760			3,412
Provision for credit losses		1			(4	)		(5	)		(10	)		(12	)		(18	)		—			20			16			25
Noninterest expenses (ex. intangible amortization and merger & integration expense)		1,991			2,062			2,036			2,379			2,242			2,439			2,357			2,494			2,371			2,485

Income before taxes and extraordinary (loss) (ex. intangible amortization and merger & integration expense)		860			948			873			1,046			1,078			1,110			1,257			1,298			1,373			902
Amortization of intangible assets		20			22			21			57			40			40			131			131			122			124
Merger & integration expense		—			—			89			28			23			163			218			124			126			149

Income before taxes and extraordinary (loss)		840			926			763			961			1,015			907			908			1,043			1,125			629
Income taxes																				266			343			376			327

Income before extraordinary (loss)																				642			700			749			302
Extraordinary (loss) on consolidation of commercial paper conduit, net of tax																				—			(180	)		—			—

Net income (loss)																			$	642		$	520		$	749		$	302

EPS from continuing operations(a)																			$	0.67		$	0.67		$	0.72		$	0.34
Average loans	$	37,769		$	39,481		$	39,405		$	41,436		$	42,037		$	43,824		$	45,517		$	47,109		$	48,496		$	47,151
Average assets																			$	183,828		$	192,987		$	200,790		$	195,997
Average deposits	$	74,952		$	77,968		$	82,496		$	85,616		$	84,732		$	96,452		$	107,336		$	114,727		$	119,121		$	119,607
Average common equity																			$	28,669		$	29,136		$	29,551		$	28,507
Average goodwill/intangibles																			$	22,408		$	22,266		$	22,844		$	22,800
Market value of assets under management at period-end(in billions)	$	813		$	882		$	926		$	1,011		$	1,025		$	1,082		$	1,106		$	1,121		$	1,105		$	1,113
Market value of assets under custody and administration at period-end(in trillions)	$	15.8		$	16.5		$	16.9		$	20.0		$	21.1		$	22.2		$	22.7		$	23.1		$	23.1		$	23.0
Market value of securities on loan at period-end(in billions)	$	525		$	562		$	590		$	607		$	661		$	678		$	663		$	633		$	660		$	588
Return on common equity (annualized)																				9	%		10	%		10	%		4	%
Return on tangible common equity(annualized)																				46	%		45	%		49	%		27	%
Pre-tax operating margin		29	%		31	%		26	%		28	%		31	%		26	%		25	%		27	%		30	%		18	%
Pre-tax operating margin (ex. intangible amortization and merger & integration expense) - non-GAAP		30	%		32	%		30	%		31	%		33	%		31	%		35	%		34	%		37	%		26	%
Non-U.S. percent of revenue (FTE)																				30	%		32	%		33	%		35	%(c)

(a)

Excludes the impact of merger & integration expenses.

(b)

The second quarter of 2008 includes a charge related to sale-in, lease-out (SILO) transactions. The charge reduced net interest revenue (FTE) by $377 million and reduced net income by $380 million and continuing operations EPS by $0.33.

(c)

The second quarter of 2008 percentage excludes the impact of the SILO charge; including the SILO charge the total Non-U.S. revenue percentage was 39%.

Note:

See pages 3 through 5 for additional details of revenue/expense items impacting continuing operations.

Page 2 of 18

THE BANK OF NEW YORK MELLON CORPORATION


CONTINUING OPERATIONS - 10 Quarter Trend

FEE AND OTHER REVENUE


*(dollar amounts in millions unless otherwise noted)*	2006												2007												2008
*(dollar amounts in millions unless otherwise noted)*	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr (a)			4th Qtr (b)			1st Qtr (c)			2nd Qtr (d)
Securities servicing fees
Asset servicing	$	554		$	606		$	574		$	595		$	640		$	694		$	720		$	809		$	897		$	868
Issuer services		202			261			243			385			371			415			436			438			376			444
Clearing & execution services		337			331			296			260			274			285			304			314			267			270

Total securities servicing fees		1,093			1,198			1,113			1,240			1,285			1,394			1,460			1,561			1,540			1,582
Asset and wealth management fees		626			661			685			775			801			856			854			887			842			844
Performance fees		65			55			59			214			49			63			(3	)		62			20			16
Foreign exchange & other trading		172			202			137			155			182			176			238			305			259			308
Treasury services		121			120			121			118			116			121			122			121			124			130
Distribution and servicing		63			68			73			80			84			83			95			113			98			110
Financing-related fees		78			75			71			71			63			69			51			52			48			50
Investment Income		64			48			54			81			61			77			22			52			23			45
Other fee revenue		95			86			97			105			97			89			101			82			97			53

Total fee revenue (non-FTE)		2,377			2,513			2,410			2,839			2,738			2,928			2,940			3,235			3,051			3,138
Securities gains (losses)		(4	)		3			4			2			2			1			(9	)		(191	)		(73	)		(152	)

Total fee and other revenue (non-FTE)		2,373			2,516			2,414			2,841			2,740			2,929			2,931			3,044			2,978			2,986
FTE impact		9			9			9			9			10			10			9			11			9			11

Total fee and other revenue (FTE)	$	2,382		$	2,525		$	2,423		$	2,850		$	2,750		$	2,939		$	2,940		$	3,055		$	2,987		$	2,997
Fee and other revenue as a percentage of total revenue (FTE)		84	%		84	%		83	%		83	%		83	%		83	%		81	%		80	%		79	%		88	% (e)
Market value of assets under management at period-end(in billions)	$	813		$	882		$	926		$	1,011		$	1,025		$	1,082		$	1,106		$	1,121		$	1,105		$	1,113
Market value of assets under custody and administration at period-end(in trillions)	$	15.8		$	16.5		$	16.9		$	20.0		$	21.1		$	22.2		$	22.7		$	23.1		$	23.1		$	23.0
Market value of securities on loan at period-end(in billions)	$	525		$	562		$	590		$	607		$	661		$	678		$	663		$	633		$	660		$	588
*S&P 500 Index - period-end*		1295			1270			1336			1418			1421			1503			1527			1468			1323			1280
*S&P 500 Index - daily average*		1284			1281			1288			1389			1424			1496			1490			1496			1353			1371

(a)

Clearing and execution service fees for the third quarter of 2007 includes a $28 million settlement received for the early termination of a contract that occurred in 2005.

(b)

Securities gains (losses) for the fourth quarter of 2007 includes a $200 million CDO writedown.

(c)

Securities gains (losses) for the first quarter of 2008 includes losses of $24 million related to ABS CDOs, $22 million related to SIVs and $28 million related to securities backed by home equitylines of credit in the Three Rivers Funding Corporate (TRFC) portfolio.

(d)

Securities gains (losses) for the second quarter of 2008 includes losses of $72 million related to Alt-A securities, $50 million related to CDOs and $30 million related to the HELOC portfolio.

(e)

Excluding the SILO charge, fee and other revenue as a percentage of total revenue was 79%.

Page 3 of 18

THE BANK OF NEW YORK MELLON CORPORATION


CONTINUING OPERATIONS

Average Balances and Interest Rates

Quarter Ended

September 30, 2007

December 31, 2007

March 31, 2008

June 30, 2008

(dollar amounts in millions)

Average
balance

Average
rates

Average
balance

Average
rates

Average
balance

Average
rates

Average
balance

Average
rates

Assets

Interest-earning assets:

Interest-bearing deposits with banks (primarily foreign)

34,461

4.83

37,107

4.75

38,658

4.28

43,361

3.82

Federal funds sold and securities under resale agreements

5,504

5.26

7,096

4.66

8,199

3.15

6,744

2.21

Margin loans

5,293

6.29

5,313

5.74

5,258

4.47

5,802

3.36

Non-margin loans:

Domestic offices

27,044

5.17

28,527

4.95

29,357

4.49

28,068

(1.56

) (b)

Foreign offices

13,180

5.50

13,269

5.02

13,881

4.55

13,281

3.97

Total non-margin loans

40,224

5.28

41,796

4.97

43,238

4.51

41,349

0.22

(b)

Securities

U.S. government obligations

401

4.59

502

4.18

430

3.48

552

3.05

U.S. government agency obligations

11,671

5.56

11,761

5.27

11,333

4.74

11,098

4.27

Obligations of states and political subdivisions

734

6.55

724

6.58

703

7.58

676

5.74

Other securities

33,361

5.69

33,972

5.44

35,840

5.26

32,755

5.22

Trading securities

1,872

3.95

2,351

5.35

1,459

5.36

1,918

3.74

Total securities

48,039

5.60

49,310

5.40

49,765

5.16

46,999

4.92

Total interest-earning assets

133,521

5.32

140,622

5.08

145,118

4.59

144,255

3.05

(b)

Allowance for credit losses

(303

)

(332

)

(311

)

(310

)

Cash and due from banks

5,013

5,663

5,831

5,399

Other assets

45,597

47,034

50,152

46,653

Total Assets

183,828

192,987

200,790

195,997

Liabilities and shareholders’ equity

Interest-bearing liabilities:

Money market rate accounts

17,204

3.38

16,190

2.74

13,296

1.63

13,590

0.96

Savings

793

3.09

802

2.72

913

2.33

980

1.74

Certificates of deposit of $100,000 & over

3,025

5.37

2,547

5.37

2,313

4.09

2,116

2.71

Other time deposits

1,392

6.32

1,374

6.13

8,445

2.42

6,458

1.86

Foreign offices

58,456

3.78

65,365

3.38

67,914

2.85

71,641

2.22

Total interest-bearing deposits

80,870

3.79

86,278

3.36

92,881

2.66

94,785

2.02

Federal funds purchased and securities under repurchase agreements

4,655

4.29

3,956

3.89

4,750

2.18

4,338

1.05

Other borrowed funds

2,790

4.90

3,079

2.41

3,343

3.50

2,840

3.21

Payables to customers and broker-dealers

5,316

3.54

5,226

3.12

4,942

1.94

5,550

1.32

Long-term debt

14,767

5.47

15,510

5.29

17,125

4.51

16,841

3.58

Total interest-bearing liabilities

108,398

4.06

114,049

3.60

123,041

2.90

124,354

2.20

Total noninterest-bearing deposits

26,466

28,449

26,240

24,822

Other liabilities

20,295

21,353

21,958

18,314

Total liabilities

155,159

163,851

171,239

167,490

Shareholders’ equity

28,669

29,136

29,551

28,507

Total liabilities and shareholders’ equity

183,828

192,987

200,790

195,997

Net interest margin - Taxable equivalent basis

2.02

% (a)

2.16

2.14

1.16

Net interest margin - Excluding the SILO charge

2.21

(a)

Includes the reduction in net interest revenue of $22 million related to the required recalculation of the yield on leverage leases under SFAS 13 that resulted from the merger.

(b)

Excluding the SILO charge, the rates on Domestic office loans, Non-margin loans and Interest-earning assets were 3.82%, 3.87% and 4.10%, respectively.

Note:

Interest and average rates were calculated on a taxable equivalent basis, at tax rates of approximately 35%, using dollar amounts in thousands and the actual number of days in the year.

Page 4 of 18

THE BANK OF NEW YORK MELLON CORPORATION


CONTINUING OPERATIONS - 10 Quarter Trend

NONINTEREST EXPENSE


	2006								2007								2008
*(dollar amounts in millions)*	1st Qtr (a)		2nd Qtr		3rd Qtr		4th Qtr (b)		1st Qtr (c)		2nd Qtr (d)		3rd Qtr (e)		4th Qtr		1st Qtr (f)		2nd Qtr (g)
Staff:
Compensation	$	630	$	664	$	683	$	742	$	739	$	754	$	764	$	758	$	795	$	804
Incentives		291		306		301		447		327		362		347		443		366		386
Employee benefits		197		172		172		182		191		187		169		164		191		201

Total staff		1,118		1,142		1,156		1,371		1,257		1,303		1,280		1,365		1,352		1,391
Professional, legal and other purchased services		186		198		209		248		245		253		241		272		252		280
Net occupancy		127		126		121		141		135		172		144		145		129		139
Distribution and servicing		119		119		114		132		132		141		127		133		130		131
Software expense		75		74		69		79		72		77		91		78		79		88
Furniture and equipment		76		72		72		76		78		80		80		82		79		79
Business development		48		56		52		66		58		72		56		72		66		75
Sub-custodian expense		47		50		45		47		50		60		58		66		61		62
Communications		35		30		34		31		25		33		33		34		32		33
Clearing & Execution		50		59		52		38		37		44		52		49		9		21
Other		110		136		112		150		153		204		195		198		182		186

Subtotal	$	1,991	$	2,062	$	2,036	$	2,379	$	2,242	$	2,439	$	2,357	$	2,494	$	2,371	$	2,485
Amortization of intangible assets		20		22		21		57		40		40		131		131		122		124
Merger & integration expense:
The Bank of New York Mellon Corporation		—		—		89		11		12		151		205		111		121		146
Acquired Corporate Trust Business		—		—		—		17		11		12		13		13		5		3

Total noninterest expense	$	2,011	$	2,084	$	2,146	$	2,464	$	2,305	$	2,642	$	2,706	$	2,749	$	2,619	$	2,758
Employees at period-end(h)		n/a		n/a		n/a		n/a		n/a		n/a		40,600		42,500		42,600		43,100

(a)

The first quarter of 2006 includes a $19 million pre-tax charge in connection with payments, awards and benefits payable to Mellon’s former chairman and chief executive officer, pursuant to hisemployment agreement.

(b)

The fourth quarter of 2006 includes $26 million in severance, $16 million of impairment charges and $6 million in additional occupancy reserves.

(c)

The first quarter of 2007 includes a $12 million litigation reserve charge.

(d)

The second quarter of 2007 includes a $46 million charge for the early redemption of junior subordinated debentures, $30 million for exit costs associated with excess office space and a $5 millionlitigation reserve charge.

(e)

The third quarter of 2007 includes a $32 million write-off of the remaining interests in a hedge fund manager sold in 2006, $1 million of incentive expense related to a settlement received bythe Clearing Services segment for the early termination of a contract in 2005, and $6 million for internally developed software.

(f)

The first quarter of 2008 includes a $25 million writedown of seed capital investments related to a former affiliated hedge fund manager.

(g)

The second quarter of 2008 includes a $22 million charge for credit monitoring related to lost tapes.

(h)

Represents full time employees.

n/a - Information not available on a combined basis.

Page 5 of 18

THE BANK OF NEW YORK MELLON CORPORATION

ASSETS UNDER MANAGEMENT/ CUSTODY AND ADMINISTRATION / SECURITIES LENDING - 10 Quarter Trend

2006

2007

2008

(dollar amounts in billions unless otherwise noted)

1st Qtr

2nd Qtr

3rd Qtr

4th Qtr

1st Qtr

2nd Qtr

3rd Qtr

4th Qtr

1st Qtr

2nd Qtr

Market value of assets under management at period-end(in billions)

Institutional

497

561

581

646

652

691

682

671

636

625

Mutual Funds

225

232

257

266

273

290

323

349

373

393

Private Client

100

101

Total market value of assets under management

813

882

926

1,011

1,025

1,082

1,106

1,121

1,105

1,113

Composition of assets under management at period-end

Equity

Money Market

Fixed Income

Alternative investments and overlay

Total

100

Market value of assets under custody and administration at period-end(in trillions)

15.8

16.5

16.9

20.0

21.1

22.2

22.7

23.1

23.0

Market value of securities on loan at period-end

525

562

590

607

661

678

663

633

660

588

Market Indices

S&P 500 Index - period-end(a)

1295

1270

1336

1418

1421

1503

1527

1468

1323

1280

S&P 500 Index - daily average

1284

1281

1288

1389

1424

1496

1490

1496

1353

1371

FTSE 100 Index(a)

5965

5833

5961

6221

6308

6608

6467

6457

5702

5626

FTSE 100 Index-daily average

5823

5843

5869

6146

6265

6534

6366

6455

5891

5979

NASDAQ Composite Index(a)

2340

2172

2258

2415

2422

2603

2702

2652

2279

2293

Lehman Brothers Aggregate Bond Index(a)

205.9

213.2

220.0

226.6

230.8

227.9

246.2

257.5

281.2

270.1

MSCI EAFE Index(a)

1827.7

1822.9

1885.3

2074.5

2147.5

2262.2

2300.3

2253.4

2038.6

1967.2

NYSE Volume(in billions)

113.7

121.6

108.8

114.4

123.8

127.7

145.5

135.0

158.5

140.7

NASDAQ Volume(in billions)

130.8

134.2

114.6

121.5

123.5

134.0

137.0

137.4

148.9

134.5

(a)

Period end

Page 6 of 18

THE BANK OF NEW YORK MELLON CORPORATION


ASSETS UNDER MANAGEMENT NET FLOWS - 10 Quarter Trend


	2006									2007											2008
*(dollar amounts in billions )*	1st Qtr			2nd Qtr		3rd Qtr		4th Qtr		1st Qtr			2nd Qtr		3rd Qtr			4th Qtr			1st Qtr			2nd Qtr
Market value of assets under management at beginning of period	$	784		$	813	$	882	$	926	$	1,011		$	1,025	$	1,082		$	1,106		$	1,121		$	1,105
Net Flows
Long-term		11			11		6		10		(3	)		6		2			(20	)		(6	)		(8	)
Money market		(3	)		10		18		1		5			17		27			39			29			21

Total net inflows(a)		8			21		24		11		2			23		29			19			23			13
Net Market appreciation/(depreciation)		21			1		20		47		12			34		(5	)		(4	)		(39	)		(6	)
Acquisitions/other		—			47		—		27		—			—		—			—			—			1

Market value of assets under management at end of period	$	813		$	882	$	926	$	1,011	$	1,025		$	1,082	$	1,106		$	1,121		$	1,105		$	1,113

(a)

Net flows from the first quarter of 2006 through the second quarter of 2007 represent Legacy Mellon flows only.

Page 7 of 18


THE BANK OF NEW YORK MELLON CORPORATION
BUSINESS SEGMENTS
ASSET MANAGEMENT - 10 Quarter Trend


*(dollar amounts in millions unless otherwise noted;* *presented on an FTE basis)*	2006												2007												2008
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr (a)			1st Qtr			2nd Qtr			3rd Qtr (b)			4th Qtr			1st Qtr (c)			2nd Qtr
Revenue:
Asset and wealth management
Mutual funds		232			245			242			255			276			291			307			323			323			340
Institutional clients		211			228			258			316			320			351			331			342			304			290
Private clients		35			38			37			41			43			46			47			47			45			47

Total asset and wealth management		478			511			537			612			639			688			685			712			672			677
Performance fees		65			55			59			214			49			63			(3	)		62			20			16
Distribution and servicing		62			67			71			78			82			82			89			104			86			99
Securities servicing fees		20			20			19			22			25			27			26			33			35			41
Other fee revenue		—			(15	)		(4	)		8			(9	)		4			(52	)		(23	)		(61	)		(37	)

Total fee and other revenue		625			638			682			934			786			864			745			888			752			796
Net interest revenue (expense)		4			(1	)		—			(2	)		6			(6	)		(4	)		18			15			11

Total revenue		629			637			682			932			792			858			741			906			767			807
Noninterest expenses (ex. intangible amortization)		422			430			449			590			511			542			538			559			562			536

Income before taxes (ex. intangible amortization)		207			207			233			342			281			316			203			347			205			271
Amortization of intangible assets		6			7			7			12			13			13			70			70			62			68

Income before taxes		201			200			226			330			268			303			133			277			143			203
Average assets	$	2,921		$	3,420		$	3,609		$	4,334		$	5,080		$	4,946		$	13,021		$	13,079		$	12,976		$	13,000
Market value of assets under management at period-end(in billions) (d)	$	739		$	808		$	853		$	934		$	950		$	1,006		$	1,028		$	1,044		$	1,029		$	1,040
Pre-tax operating margin (GAAP)		32	%		31	%		33	%		35	%		34	%		35	%		18	%		31	%		19	%		25	%
Pre-tax operating margin (ex. intangible amortization) - non-GAAP		33	%		32	%		34	%		37	%		35	%		37	%		27	%		38	%		27	%		34	%

(a)

The fourth quarter of 2006 includes $6 million of severance expense as well as a $5 million impairment charge related to the sale of HBV Alternative Investment Strategies.

(b)

The third quarter of 2007 includes a $32 million charge related to the write-off of the value of the remaining interest in a legacy Mellon hedge fund manager that was disposed of in 2006.

(c)

The first quarter of 2008 includes $24 million of write-downs related to securities previously purchased from investment boutiques; a $25 million writedown of seed capital investments related to a formerly affiliated hedge fund manager.

(d)

Includes amounts subadvised for/by other sectors.

Page 8 of 18


THE BANK OF NEW YORK MELLON CORPORATION
BUSINESS SEGMENTS
WEALTH MANAGEMENT - 10 Quarter Trend


*(dollar amounts in millions unless otherwise noted;* *presented on an FTE basis)*	2006												2007												2008
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr
Revenue:
Asset and wealth management		139			142			139			147			148			153			151			157			153			150
Securities servicing fees - Asset servicing		3			2			3			2			4			4			3			5			6			6
Other fee revenue		3			3			1			3			—			(1	)		2			5			7			5

Total fee and other revenue		145			147			143			152			152			156			156			167			166			161
Net interest revenue (expense)		42			44			45			43			43			44			41			42			46			48

Total revenue		187			191			188			195			195			200			197			209			212			209
Provision for credit losses		—			—			—			—			—			—			—			—			—			(1	)
Noninterest expenses (ex. intangible amortization)		130			132			131			139			136			141			139			142			142			142

Income before taxes (ex. intangible amortization)		57			59			57			56			59			59			58			67			70			68
Amortization of intangible assets		—			—			—			—			1			—			14			14			13			13

Income before taxes		57			59			57			56			58			59			44			53			57			55
Average loans	$	3,888		$	3,834		$	3,804		$	3,774		$	3,799		$	4,083		$	4,133		$	4,342		$	4,390		$	4,816
Average assets	$	6,391		$	6,398		$	6,457		$	6,530		$	6,883		$	6,836		$	9,960		$	9,854		$	10,489		$	10,247
Average deposits	$	5,980		$	6,009		$	6,061		$	6,110		$	6,387		$	6,346		$	7,585		$	7,464		$	7,993		$	7,782
Market value of total client assets at period-end(in billions)(a)	$	151		$	148		$	149		$	155		$	158		$	162		$	170		$	170		$	164		$	162
Pre-tax operating margin (GAAP)		30	%		31	%		30	%		29	%		30	%		30	%		22	%		25	%		27	%		26	%
Pre-tax operating margin (ex. intangible amortization) - non-GAAP		30	%		31	%		30	%		29	%		30	%		30	%		29	%		32	%		33	%		33	%

(a)

Includes assets under management, before amounts subadvised by/for other sectors, of $81 billion, $79 billion, $78 billion and $83 billion in the first, second, third and fourth quarters of 2006; $84 billion, $85 billion, $86 billion and $86 billion in the first, second, third and fourth quarters of 2007; $84 billion and $82 billion in the first and second quarters of 2008.

Note:

On June 3, 2008, we completed the sale of Mellon 1st Business Bank, National Association (N.A.); the financial results have been moved from the Wealth Management segment to the Other segment. In addition, the financial results of Mellon United National Bank (MUNB) have been moved from the Wealth Management segment to the Other segment.

Historical segment results have been restated to reflect these changes.

Page 9 of 18


THE BANK OF NEW YORK MELLON CORPORATION
BUSINESS SEGMENTS
ASSET SERVICING - 10 Quarter Trend


*(dollar amounts in millions unless otherwise noted;* *presented on an FTE basis)*	2006												2007												2008
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr (a)			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr
Revenue:
Securities servicing fees - Asset servicing		543			597			563			572			609			665			689			774			857			825
Foreign Exchange and other trading activities		110			134			118			109			112			125			161			206			200			224
Other fee revenue		42			43			47			44			53			61			56			53			44			36

Total fee and other revenue		695			774			728			725			774			851			906			1,033			1,101			1,085
Net interest revenue (expense)		130			139			145			159			154			179			195			224			221			213

Total revenue		825			913			873			884			928			1,030			1,101			1,257			1,322			1,298
Noninterest expenses (ex. intangible amortization)		628			660			668			691			681			733			753			807			745			803

Income before taxes (ex. intangible amortization)		197			253			205			193			247			297			348			450			577			495
Amortization of intangible assets		5			5			3			22			3			3			6			6			7			5

Income before taxes		192			248			202			171			244			294			342			444			570			490
Average loans	$	4,919		$	6,192		$	5,646		$	6,656		$	6,897		$	7,662		$	8,013		$	8,738		$	8,987		$	7,304
Average assets	$	32,054		$	35,271		$	36,813		$	37,368		$	37,814		$	40,740		$	43,948		$	48,353		$	52,170		$	54,407
Average deposits	$	28,291		$	30,942		$	32,397		$	33,023		$	34,179		$	37,237		$	37,971		$	42,338		$	46,011		$	48,340
Market value of securities on loan at period-end (in billions) (b)	$	525		$	562		$	590		$	607		$	661		$	678		$	663		$	633		$	660		$	588
Pre-tax operating margin (GAAP)		23	%		27	%		23	%		19	%		26	%		29	%		31	%		35	%		43	%		38	%
Pre-tax operating margin (ex. intangible amortization) - non-GAAP		24	%		28	%		23	%		22	%		27	%		29	%		32	%		36	%		44	%		38	%
MEMO:
Securities lending revenue	$	75		$	88		$	66		$	61		$	65		$	99		$	110		$	164		$	242		$	207

(a)

The fourth quarter of 2006 includes an $11 million impairment charge and $6 million of severance expense.

(b)

Represents the total amount of securities on loan (both cash and non-cash) managed by the Asset Servicing segment.

Page 10 of 18

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESS SEGMENTS

ISSUER SERVICES - 10 Quarter Trend


(dollar amounts in millions unless otherwise noted; presented on an FTE basis)	2006												2007												2008
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr (a)			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr
Revenue:
Securities servicing fees - Issuer services		202			261			243			385			371			415			436			438			374			443
Other fee revenue		12			15			12			33			37			25			24			19			33			36

Total fee and other revenue		214			276			255			418			408			440			460			457			407			479
Net interest revenue (expense)		66			73			67			128			125			158			159			175			153			176

Total revenue		280			349			322			546			533			598			619			632			560			655
Provision for credit losses		—			—			1			(1	)		—			—			—			—			—			—
Noninterest expenses (ex. intangible amortization)		171			189			182			293			291			297			291			324			317			347

Income before taxes (ex. intangible amortization)		109			160			139			254			242			301			328			308			243			308
Amortization of intangible assets		—			1			1			16			17			17			20			21			20		��	20

Income before taxes		109			159			138			238			225			284			308			287			223			288
Average assets	$	9,062		$	9,567		$	8,924		$	16,779		$	17,823		$	25,597		$	30,738		$	32,708		$	32,182		$	35,119
Average deposits	$	7,474		$	8,015		$	7,334		$	12,661		$	13,549		$	21,370		$	26,153		$	28,272		$	27,608		$	30,537
Pre-tax operating margin (GAAP)		39	%		46	%		43	%		44	%		42	%		47	%		50	%		45	%		40	%		44	%
Pre-tax operating margin (ex. intangible amortization) - non-GAAP		39	%		46	%		43	%		47	%		45	%		50	%		53	%		49	%		43	%		47	%

(a)

The fourth quarter of 2006 includes $4 million of severance expense.

Note:

The comparability of the Issuer Services trend is impacted by the acquisition of the JPMorgan Chase’s Corporate Trust business (October 2006).

Page 11 of 18

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESS SEGMENTS

CLEARING SERVICES - 10 Quarter Trend


*(dollar amounts in millions unless otherwise noted;* *presented on an FTE basis)*	2006												2007												2008
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr (a)			4th Qtr			1st Qtr			2nd Qtr
Revenue:
Securities servicing fees - Clearing & execution services		322			316			282			257			272			281			302			310			265			265
Other fee revenue		61			36			46			39			38			40			70			47			54			65

Total fee and other revenue		383			352			328			296			310			321			372			357			319			330
Net interest revenue (expense)		64			68			70			76			74			75			77			78			74			74

Total revenue		447			420			398			372			384			396			449			435			393			404
Provision for credit losses		(2	)		(4	)		—			2			—			—			—			—			—			—
Noninterest expenses (ex. intangible amortization)		299			319			299			254			277			294			316			305			274			291

Income before taxes (ex. intangible amortization)		150			105			99			116			107			102			133			130			119			113
Amortization of intangible assets		8			8			8			6			6			6			6			6			6			6

Income before taxes		142			97			91			110			101			96			127			124			113			107
Average loans	$	7,051		$	7,105		$	6,186		$	6,426		$	6,668		$	7,195		$	6,847		$	6,660		$	6,629		$	7,263
Average assets	$	17,381		$	17,175		$	16,363		$	14,825		$	14,985		$	14,392		$	15,854		$	16,698		$	16,574		$	17,289
Pre-tax operating margin (GAAP)		32	%		23	%		23	%		30	%		26	%		24	%		28	%		29	%		29	%		26	%
Pre-tax operating margin (ex. intangible amortization) - non-GAAP		34	%		25	%		25	%		31	%		28	%		26	%		30	%		30	%		30	%		28	%

(a)

The third quarter of 2007 includes a $27 million ($28 million of fee revenue net of $1 million of related incentive expense) settlement received for the early termination of a contract in 2005.

Note:

During the first quarter of 2008, we sold the B-Trade and G-Trade execution businesses to BNY ConvergEx Group LLC. The historical results of these businesses are included in the Clearing Services segment and have historically contributed approximately $50-60 million of revenue and $10-15 million of pretax income on a quarterly basis. These businesses were sold at book value with the potential for an earnout to be realized in the first quarter of 2009.

Page 12 of 18

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESS SEGMENTS

TREASURY SERVICES - 10 Quarter Trend


*(dollar amounts in millions unless otherwise noted;* *presented on an FTE basis)*	2006												2007												2008
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr
Revenue:
Treasury services		113			112			114			111			110			114			114			118			121			125
Other fee revenue		95			116			99			95			103			104			110			125			106			130

Total fee and other revenue		208			228			213			206			213			218			224			243			227			255
Net interest revenue (expense)		122			123			122			126			136			132			140			162			183			153

Total revenue		330			351			335			332			349			350			364			405			410			408
Provision for credit losses		8			7			(3	)		(7	)		—			—			—			—			—			—
Noninterest expenses (ex. intangible amortization)		196			203			199			206			195			206			196			201			205			203

Income before taxes (ex. intangible amortization)		126			141			139			133			154			144			168			204			205			205
Amortization of intangible assets		—			—			1			—			—			—			7			7			7			7

Income before taxes		126			141			138			133			154			144			161			197			198			198
Average loans	$	12,336		$	12,849		$	13,613		$	13,946		$	12,588		$	13,191		$	13,715		$	14,330		$	15,341		$	15,606
Average assets	$	20,377		$	21,018		$	21,162		$	23,057		$	19,658		$	20,070		$	21,070		$	21,803		$	23,620		$	20,715
Average deposits	$	16,104		$	16,383		$	16,839		$	19,024		$	15,988		$	16,574		$	17,677		$	17,991		$	19,838		$	17,107
Pre-tax operating margin GAAP		38	%		40	%		41	%		40	%		44	%		41	%		44	%		49	%		48	%		49	%
Pre-tax operating margin (ex. intangible amortization) - non-GAAP		38	%		40	%		41	%		40	%		44	%		41	%		46	%		50	%		50	%		50	%

Page 13 of 18

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESS SEGMENTS

OTHER - 10 Quarter Trend


*(dollar amounts in millions unless otherwise noted;* *presented on an FTE basis)*	2006												2007												2008
	1st Qtr (a)			2nd Qtr			3rd Qtr			4th Qtr (b)			1st Qtr (c)			2nd Qtr			3rd Qtr			4th Qtr (d)			1st Qtr (e)			2nd Qtr (f)
Revenue:
Total fee and other revenue		112			110			74			119			107			89			77			(90	)		15			(109	)
Net interest revenue (expense)		42			35			32			35			20			10			66			58			81			(260	)

Total revenue		154			145			106			154			127			99			143			(32	)		96			(369	)
Provision for credit losses		(5	)		(7	)		(3	)		(4	)		(12	)		(18	)		—			20			16			26
Noninterest expenses (ex. intangible amortization and merger & integration expense)		145			129			108			206			151			226			124			156			126			163

Income before taxes and extraordinary (loss) (ex. intangible amortization and merger & integration expense)		14			23			1			(48	)		(12	)		(109	)		19			(208	)		(46	)		(558	)
Amortization of intangible assets		1			1			1			1			—			1			8			7			7			5
Merger & integration expenses		—			—			89			28			23			163			218			124			126			149

Income before taxes and extraordinary (loss)		13			22			(89	)		(77	)		(35	)		(273	)		(207	)		(339	)		(179	)		(712	)
Average loans	$	9,563		$	9,495		$	10,146		$	10,516		$	11,525		$	10,812		$	11,437		$	11,716		$	12,182		$	11,597
Average assets	$	54,053		$	55,261		$	55,575		$	39,287		$	40,116		$	43,909		$	49,237		$	50,492		$	52,779		$	45,220
Average deposits	$	17,073		$	16,601		$	19,822		$	14,756		$	14,579		$	14,855		$	17,884		$	18,591		$	17,615		$	15,804

(a)

The first quarter of 2006 includes a $19 million pre-tax charge in connection with payments, awards and benefits payable to Mellon’s former chairman and chief executive officer, pursuant to his employment agreement.

(b)

The fourth quarter of 2006 includes $7 million in severance and $6 million in occupancy expenses.

(c)

The first quarter of 2007 includes a $12 million litigation reserve charge.

(d)

The fourth quarter of 2007 includes a $200 million CDO writedown.

(e)

The first quarter of 2008 includes a $24 million loss related to ABS CDO’s, $22 million related to SIVs and $28 million related to securities backed by home equity lines of credit in the TRFC portfolio.

(f)

The second quarter of 2008 includes $152 million of securities losses related to ALT-A securities ($72 million), CDOs ($50 million), and the HELOC portfolio ($30 million).

The second quarter of 2008 includes a charge ($380 million after tax) related to SILO transactions which reduced net interest revenue by $377 million.

Note:

The Other segment primarily includes the results of leasing operations, corporate treasury activities, business exits and corporate overhead. On June 3, 2008, we completed the sale of Mellon 1st Business Bank, National Association (N.A.); the financial results have been moved from the Wealth Management segment to the Other segment. In addition, the financial results of Mellon United National Bank (MUNB) have been moved from the Wealth Management segment to the Other segment. Historical segment results have been restated to reflect these changes.

Page 14 of 18


THE BANK OF NEW YORK MELLON CORPORATION
BUSINESS SEGMENTS


*(dollar amounts in millions unless otherwise noted;* *presented on an FTE basis)*	Asset Management						Wealth Management						Asset Servicing						Issuer Services
	2007			2006			2007			2006			2007			2006			2007			2006
Revenue:
Securities servicing fees
Asset servicing		99			72			16			10			2,737			2,246			—			—
Issuer services		—			—			—			—			—			—			1,660			1,091
Clearing services		12			9			—			—			—			29			—			7

Total securities servicing fees		111			81			16			10			2,737			2,275			1,660			1,098
Asset and wealth management		2,724			2,138			609			567			—			—			—			—
Performance fees		171			393			—			—			—			—			—			—
Foreign exchange & other trading		14			9			3			—			604			471			37			28
Treasury services		—			—			3			—			11			8			—			—
Distribution and service fees		357			278			1			4			2			—			1			—
Financing-related fees		8			—			8			8			40			54			—			—
Investment Income		(10	)		19			—			—			—			—			—			—
Securities gains (losses)		(9	)		—			—			—			—			—			1			—
Other fee revenue		(83	)		(39	)		(9	)		(2	)		170			114			66			37

Total fee and other revenue		3,283			2,879			631			587			3,564			2,922			1,765			1,163
Net interest revenue (expense)		14			1			170			174			752			573			617			334

Total revenue		3,297			2,880			801			761			4,316			3,495			2,382			1,497
Provision for credit losses		—			—			—			—			—			—			—			—
Noninterest expenses (ex. intangible amortization and merger & integration expense)		2,150			1,891			558			532			2,974			2,647			1,203			835

Income before taxes and extraordinary (loss) (ex. intangible amortization and merger & integration expense)		1,147			989			243			229			1,342			848			1,179			662
Amortization of intangible assets		166			32			29			—			18			35			75			18
Merger & integration expense		—			—			—			—			—			—			—			—

Income before taxes and extraordinary (loss)		981			957			214			229			1,324			813			1,104			644
Average loans	$	—		$	—		$	4,089		$	3,825		$	7,828		$	5,853		$	—		$	—
Average assets	$	9,032		$	3,571		$	8,383		$	6,444		$	42,714		$	35,377		$	26,717		$	11,083
Average deposits	$	—		$	—		$	6,946		$	6,040		$	37,931		$	31,163		$	22,336		$	8,871
Market value of assets under management at period-end (in billions)	$	1,044		$	934		$	77		$	77		$	—		$	—		$	—		$	—
Market value of assets under custody and administration at period-end (in billions)	$	4		$	3		$	85		$	71		$	22,988		$	19,906		$	—		$	—
Market value of securities on loan at period-end (in billions)	$	—		$	—		$	—		$	—		$	633		$	607		$	—		$	—
Pre-tax operating margin (GAAP)		30	%		33	%		27	%		30	%		31	%		23	%		46	%		43	%
Pre-tax operating margin (ex. intangible amortization and merger & integration expense) - non-GAAP		35	%		34	%		30	%		30	%		31	%		24	%		49	%		44	%
MEMO:
Securities lending revenue														438			290

Note:

See pages 8-14 for details of revenue/expense items impacting respective segment results.

Page 15 of 18


THE BANK OF NEW YORK MELLON CORPORATION

BUSINESS SEGMENTS


*(dollar amounts in millions unless otherwise noted;* *presented on an FTE basis)*	Clearing Services						Treasury Services						Other						Consolidated Results
	2007			2006			2007			2006			2007			2006			2007			2006
Revenue:
Securities servicing fees
Asset servicing		—			—			13			—			(2	)		1			2,863			2,329
Issuer services		—			—			—			—			—			—			1,660			1,091
Clearing services		1,165			1,177			—			—			—			2			1,177			1,224

Total securities servicing fees		1,165			1,177			13			—			(2	)		3			5,700			4,644
Asset and wealth management		46			37			—			—			19			5			3,398			2,747
Performance fees		—			—			—			—			—			—			171			393
Foreign exchange & other trading		51			42			167			105			25			11			901			666
Treasury services		—			—			456			450			10			22			480			480
Distribution and service fees		—			—			14			4			—			(2	)		375			284
Financing-related fees		2			—			176			211			1			22			235			295
Investment Income		—			—			12			10			250			254			252			283
Securities gains (losses)		—			—			—			—			(189	)		5			(197	)		5
Other fee revenue		96			103			60			75			69			95			369			383

Total fee and other revenue(a)		1,360			1,359			898			855			183			415			11,684			10,180
Net interest revenue (expense)(b)		304			278			570			493			154			144			2,581			1,997

Total revenue(c)		1,664			1,637			1,468			1,348			337			559			14,265			12,177
Provision for credit losses		—			(4	)		—			5			(10	)		(19	)		(10	)		(18	)
Noninterest expenses (ex. intangible amortization and merger & integration expense)		1,192			1,171			798			804			657			588			9,532			8,468

Income before taxes and extraordinary (loss) (ex. intangible amortization and merger & integration expense)		472			470			670			539			(310	)		(10	)		4,743			3,727
Amortization of intangible assets		24			30			14			1			16			4			342			120
Merger & integration expense		—			—			—			—			528			117			528			117

Income before taxes and extraordinary (loss)		448			440			656			538			(854	)		(131	)		3,873			3,490
Average loans	$	6,843		$	6,692		$	13,456		$	13,186		$	12,407		$	9,967		$	44,622		$	39,523
Average assets	$	15,482		$	16,436		$	20,650		$	21,404		$	45,939		$	51,044		$	168,916		$	145,358
Average deposits	$	—		$	—		$	17,058		$	17,088		$	16,542		$	17,096		$	100,812		$	80,258
Market value of assets under management at period-end (in billions)	$	—		$	—		$	—		$	—		$	—		$	—		$	1,121		$	1,011
Market value of assets under custody and administration at period-end (in billions)	$	—		$	—		$	—		$	—		$	—		$	—		$	23,077		$	19,980
Market value of securities on loan at period-end (in billions)	$	—		$	—		$	—		$	—		$	—		$	—		$	633		$	607
Pre-tax operating margin (GAAP)		27	%		27	%		45	%		40	%		n/m			n/m			27	%		29	%
Pre-tax operating margin(ex. intangible amortization and merger & integration expense) - non-GAAP		28	%		29	%		46	%		40	%		n/m			n/m			33	%		31	%

(a)

Consolidated results include FTE impact of $36 million and $40 million for 2006 and 2007, respectively.

(b)

Consolidated results include FTE impact of $16 million and $22 million for 2006 and 2007, respectively.

(c)

Consolidated results include FTE impact of $52 million and $62 million for 2006 and 2007, respectively.

Note:

See pages 8-14 for details of revenue/expense items impacting respective segment results.

n/m - not meaningful

Page 16 of 18

THE BANK OF NEW YORK MELLON CORPORATION


CONTINUING OPERATIONS - 10 Quarter Trend

NONPERFORMING ASSETS


*(dollar amounts in millions)*	2006												2007												2008
*(dollar amounts in millions)*	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr
Loans:
Commercial	$	13		$	10		$	29		$	26		$	15		$	16		$	18		$	39		$	50		$	52
Commercial real estate		—			—			—			—			1			1			—			40			49			106
Residential real estate		2			2			2			3			4			5			11			20			33			55
Foreign		13			10			10			9			9			6			6			87			78			60
Lease finance assets		10			12			1			1			1			1			—			—			—			—

Total nonperforming loans		38			34			42			39			30			29			35			186			210			273
Other assets owned		—			12			—			1			2			1			2			4			5			6
Total acquired property		3			—			—			2			—			—			—			—			—			—

Total nonperforming assets	$	41		$	46		$	42		$	42		$	32		$	30		$	37		$	190		$	215		$	279

Nonperforming assets ratio		0.1	%		0.1	%		0.1	%		0.1	%		0.1	%		0.1	%		0.1	%		0.4	%		0.4	%		0.5	%
Allowance for loan losses/nonperforming loans		1,036.8			1,161.8			938.1			879.5			1,140.0			1,124.1			948.6			175.8			149.5			129.3
Allowance for loan losses/nonperforming assets		961.0			858.7			938.1			816.7			1,068.8			1,086.7			897.3			172.1			146.0			126.5
Total allowance for credit losses/nonperforming loans		1,621.1			1,820.6			1,454.8			1,479.5			1,893.3			1,879.3			1,457.1			265.6			231.9			178.0
Total allowance for credit losses/nonperforming assets		1,502.4			1,345.7			1,454.8			1,373.8			1,775.0			1,816.7			1,378.4			260.0			226.5			174.2

Page 17 of 18

THE BANK OF NEW YORK MELLON CORPORATION


CONTINUING OPERATIONS - 10 Quarter Trend

ALLOWANCE FOR CREDIT LOSSES, PROVISION AND NET CHARGE-OFFS


	2006												2007												2008
*(dollar amounts in millions)*	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr
Allowance for credit losses:
Allowance for loan losses	$	389		$	394		$	395		$	394		$	343		$	342		$	326		$	332		$	327		$	314
Allowance for lending-related commitments		222			222			224			217			234			226			219			178			167			173

Allowance at beginning of period		611			616			619			611			577			568			545			510			494			487

Net (charge-offs)/recoveries
Charge-offs		(2	)		(2	)		—			(25	)		(5	)		—			(37	)		(37	)		(14	)		(13	)
Recoveries		6			9			—			1			8			5			2			1			1			—

Total Net (charge-offs)/recoveries		4			7			—			(24	)		3			5			(35	)		(36	)		(13	)		(13	)

Provision for credit losses		1			(4	)		(5	)		(10	)		(12	)		(18	)		—			20			16			25
Impact of Merger		—			—			—			—			—			(10	)		—			—			—			—
Transfer to Discontinued Operations		—			—			(3	)		—			—			—			—			—			—			—
Sale of Mellon 1st Business Bank		—			—			—			—			—			—			—			—			—			(13	)
SFAS 159 Adoption		—			—			—			—			—			—			—			—			(10	)		—



Allowance at end of period		616			619			611			577			568			545			510			494			487			486

Allowance for loan losses	$	394		$	395		$	394		$	343		$	342		$	326		$	332		$	327		$	314		$	353
Allowance for lending related-commitments		222			224			217			234			226			219			178			167			173			133

Allowance at end of period		616			619			611			577			568			545			510			494			487			486

Allowance for loan losses as a percentage of total loans(a)		1.02	%		0.93	%		0.99	%		0.79	%		0.77	%		0.72	%		0.65	%		0.64	%		0.60	%		0.70	%

(a)

Excluding purchase accounting adjustments.

Page 18 of 18

The Bank of New York Mellon Corporation (BK) 8-KThe Bank of New York Mellon Corporation