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

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 acquisitions/divestitures 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.

The following transactions have impacted the reporting of our results:

SILO/LILO/Tax settlement charges – Incurred charges in the second and third quarters of 2008.

Securities losses – Impacted total revenue levels in the fourth quarter of 2007 and first, second and third quarters of 2008.

Merger & integration/Intangible amortization expenses – Both expense categories increased beginning in the second/third quarters of 2007 as a result of The Bank of New York/Mellon merger.

Support agreement charges – Recorded a $726 million pre-tax charge in the third quarter of 2008 (minor amounts recorded in the fourth quarter of 2007 and the first and second quarters of 2008).

All of these items are detailed in the trends that follow. In addition, page 15 provides additional details on the impact of the applicable items on total revenue as well the impact on Continuing operations fully diluted earnings per share. Please note that there is no adjustment to Continuing operations fully diluted earnings per share related to securities losses.

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 19

THE BANK OF NEW YORK MELLON CORPORATION

CONTINUING OPERATIONS - 11 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 (a)			3rd Qtr (a)
Revenue:
Securities servicing fees
Asset servicing	$	554		$	606		$	574		$	595		$	640		$	694		$	720		$	812		$	899		$	864		$	803
Issuer services		202			261			243			385			371			415			436			438			376			444			477
Clearing & execution services		337			331			296			260			274			285			304			314			267			270			262
Total securities servicing fees		1,093			1,198			1,113			1,240			1,285			1,394			1,460			1,564			1,542			1,578			1,542
Asset and wealth management fees		626			661			685			775			801			856			854			887			842			844			792
Performance fees		65			55			59			214			49			63			(3	)		62			20			16			3
Foreign exchange & other trading		172			202			137			156			182			176			238			305			259			308			385
Treasury services		121			120			121			118			116			121			122			121			124			130			130
Distribution and servicing		63			68			73			80			84			83			95			113			98			110			107
Financing-related fees		78			75			71			71			63			69			51			52			48			50			45
Investment Income		73			57			63			89			71			87			31			63			32			56			28
Other		95			86			97			105			97			89			101			82			97			53			64
Total fee revenue		2,386			2,522			2,419			2,848			2,748			2,938			2,949			3,249			3,062			3,145			3,096
Securities gains (losses)		(4	)		3			4			2			2			1			(9	)		(191	)		(73	)		(152	)		(162	)
Total fee and other revenue		2,382			2,525			2,423			2,850			2,750			2,939			2,940			3,058			2,989			2,993			2,934
Net interest revenue		470			481			481			565			558			592			674			757			773			415			708
Total revenue		2,852			3,006			2,904			3,415			3,308			3,531			3,614			3,815			3,762			3,408			3,642
Provision for credit losses		1			(4	)		(5	)		(10	)		(12	)		(18	)		—			20			16			25			30
Noninterest expenses (ex. intangible amortization and merger & integration expense)		1,991			2,062			2,036			2,379			2,242			2,439			2,357			2,497			2,373			2,481			3,101
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			511
Amortization of intangible assets		20			22			21			57			40			40			131			131			122			124			120
Merger & integration expense		—			—			89			28			23			163			218			124			126			149			111
Income before taxes and extraordinary (loss)		840			926			763			961			1,015			907			908			1,043			1,125			629			280
Income taxes																				266			343			376			327			(25	)
Income before extraordinary (loss)																				642			700			749			302			305
Extraordinary (loss) on consolidation of commercial paper conduit, net of tax																				—			(180	)		—			—			—
Net income (loss)																			$	642		$	520		$	749		$	302		$	305
EPS from continuing operations(b)																			$	0.67		$	0.67		$	0.72		$	0.34		$	0.32
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		$	1,067
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		$	22.4
Market value of securities on loan at period-end (in billions)	$	525		$	562		$	590		$	607		$	661		$	678		$	663		$	633		$	660		$	588		$	470
Pre-tax operating margin
GAAP-before extraordinary (loss)																				25	%		27	%		30	%		18	%		8	%
Non-GAAP adjusted(c)																				35	%		34	%		37	%		34	%		36	%
Return on average tangible common equity(annualized):
GAAP-before extraordinary (loss)																				33.2	%		33.0	%		35.8	%		18.5	%		19.0	%
Non-GAAP adjusted(d)																				39.0	%		36.0	%		39.5	%		41.2	%		45.5	%
Return on common equity (annualized)
GAAP-before extraordinary (loss)																				8.9	%		9.5	%		10.2	%		4.3	%		4.3	%
Non-GAAP adjusted(c)																				11.8	%		11.6	%		12.4	%		11.9	%		12.9	%
Non-U.S. percent of revenue (FTE)(e)																				30	%		32	%		33	%		35	%		34	%

(a) The second and third quarters of 2008 include SILO/LILO/tax settlement charges which reduced net interest revenue (FTE) by $377 million and $112 million, respectively. See pages 4 and 15 for additional details.

(b) Excludes the impact of merger & integration expenses. See page 15 for additional EPS details.

(c) Calculated excluding M&I expenses, intangible amortization expenses, the SILO/LILO/tax settlements and support agreement charges.

(d) Calculated excluding M&I expenses, SILO/LILO/tax settlements and support agreement charges.

(e) The second and third quarters of 2008 percentages exclude the impact of the SILO/LILO charges; including the SILO/LILO charge the total Non-U.S. revenue percentage were 39% and 35%, respectively.

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

Page 2 of 19

THE BANK OF NEW YORK MELLON CORPORATION

CONTINUING OPERATIONS - 11 Quarter Trend

FEE AND OTHER REVENUE

(dollar amounts in millions unless otherwise noted)	2006												2007												2008
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr (a)			4th Qtr (b)			1st Qtr (c)			2nd Qtr (d)			3rd Qtr (e)
Securities servicing fees
Asset servicing	$	554		$	606		$	574		$	595		$	640		$	694		$	720		$	812		$	899		$	864		$	803
Issuer services		202			261			243			385			371			415			436			438			376			444			477
Clearing & execution services		337			331			296			260			274			285			304			314			267			270			262
Total securities servicing fees		1,093			1,198			1,113			1,240			1,285			1,394			1,460			1,564			1,542			1,578			1,542
Asset and wealth management fees		626			661			685			775			801			856			854			887			842			844			792
Performance fees		65			55			59			214			49			63			(3	)		62			20			16			3
Foreign exchange & other trading		172			202			137			156			182			176			238			305			259			308			385
Treasury services		121			120			121			118			116			121			122			121			124			130			130
Distribution and servicing		63			68			73			80			84			83			95			113			98			110			107
Financing-related fees		78			75			71			71			63			69			51			52			48			50			45
Investment Income		64			48			54			80			61			77			22			52			23			45			17
Other		95			86			97			105			97			89			101			82			97			53			64
Total fee revenue (non-FTE)		2,377			2,513			2,410			2,839			2,738			2,928			2,940			3,238			3,053			3,134			3,085
Securities gains (losses)		(4	)		3			4			2			2			1			(9	)		(191	)		(73	)		(152	)		(162	)
Total fee and other revenue (non-FTE)		2,373			2,516			2,414			2,841			2,740			2,929			2,931			3,047			2,980			2,982			2,923
FTE impact		9			9			9			9			10			10			9			11			9			11			11
Total fee and other revenue (FTE)	$	2,382		$	2,525		$	2,423		$	2,850		$	2,750		$	2,939		$	2,940		$	3,058		$	2,989		$	2,993		$	2,934
Fee and other revenue as a percentage of total revenue (FTE)(f)		84	%		84	%		83	%		83	%		83	%		83	%		81	%		80	%		79	%		88	%		81	%
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		$	1,067
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		$	22.4
Market value of securities on loan at period-end(in billions)	$	525		$	562		$	590		$	607		$	661		$	678		$	663		$	633		$	660		$	588		$	470
S&P 500 Index - period-end		1295			1270			1336			1418			1421			1503			1527			1468			1323			1280			1166
S&P 500 Index - daily average		1284			1281			1288			1389			1424			1496			1490			1496			1353			1371			1252

(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 equity lines 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) Securities gains (losses) for the third quarter of 2008 includes losses of $42 million related to CDOs, $29 million related to Alt-A securities, $12 million related to Prime mortgage securities, $12 million related to Subprime mortgage securities, $10 million related to HELOC securities, $5 million related to SIV securities, and $52 million related to Other (including FHLMC) securities.

(f) Excluding the SILO/LILO charge, fee and other revenue as a percentage of total revenue was 79% and 78% in the second and third quarters of 2008.

Page 3 of 19

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					September 30, 2008
(dollar amounts in millions)	Average balance			Average rates		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	%	$	43,999		3.90	%
Other Short Term Investment (FRB)		—		—			—		—			—		—			—		—			954		2.95
Federal funds sold and securities under resale agreements		5,504		5.26			7,096		4.66			8,199		3.15			6,744		2.21			7,029		1.97
Margin loans		5,293		6.29			5,313		5.74			5,258		4.47			5,802		3.36			5,764		3.27
Non-margin loans:
Domestic offices		27,044		5.17			28,527		4.95			29,357		4.49			28,068		(1.56	) (b)		27,480		1.81	(c)
Foreign offices		13,180		5.50			13,269		5.02			13,881		4.55			13,281		3.97			13,739		3.71
Total non-margin loans		40,224		5.28			41,796		4.97			43,238		4.51			41,349		0.22	(b)		41,219		2.44	(c)
Securities
U.S. government obligations		401		4.59			502		4.18			430		3.48			552		3.05			679		3.03
U.S. government agency obligations		11,671		5.56			11,761		5.27			11,333		4.74			11,098		4.27			11,542		4.30
Obligations of states and political subdivisions		734		6.55			724		6.58			703		7.58			676		5.74			722		7.39
Other securities		33,361		5.69			33,972		5.44			35,840		5.26			32,755		5.22			30,591		5.42
Trading securities		1,872		3.95			2,351		5.35			1,459		5.36			1,918		3.74			1,791		2.76
Total securities		48,039		5.60			49,310		5.40			49,765		5.16			46,999		4.92			45,325		5.03
Total interest-earning assets		133,521		5.32			140,622		5.08			145,118		4.59			144,255		3.05	(b)		144,290		3.71	(c)
Allowance for credit losses		(303	)				(332	)				(311	)				(310	)				(355	)
Cash and due from banks		5,013					5,663					5,831					5,399					7,835
Other assets		45,597					47,034					50,152					46,653					47,057
Total Assets	$	183,828				$	192,987				$	200,790				$	195,997				$	198,827
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	%	$	12,503		0.88	%
Savings		793		3.09			802		2.72			913		2.33			980		1.74			986		1.13
Certificates of deposit of $100,000 & over		3,025		5.37			2,547		5.37			2,313		4.09			2,116		2.71			1,928		2.28
Other time deposits		1,392		6.32			1,374		6.13			8,445		2.42			6,458		1.86			5,505		1.96
Foreign offices		58,456		3.78			65,365		3.38			67,914		2.85			71,641		2.22			65,931		2.19
Total interest-bearing deposits		80,870		3.79			86,278		3.36			92,881		2.66			94,785		2.02			86,853		1.98
Federal funds purchased and securities under repurchase agreements		4,655		4.29			3,956		3.89			4,750		2.18			4,338		1.05			5,334		1.18
Other borrowed funds		2,790		4.90			3,079		2.41			3,343		3.50			2,840		3.21			3,303		2.31
Borrowings from FRB Related to ABCP		—		—			—		—			—		—			—		—			954		2.25
Payables to customers and broker-dealers		5,316		3.54			5,226		3.12			4,942		1.94			5,550		1.32			5,910		1.19
Long-term debt		14,767		5.47			15,510		5.29			17,125		4.51			16,841		3.58			15,993		3.62
Total interest-bearing liabilities		108,398		4.06			114,049		3.60			123,041		2.90			124,354		2.20			118,347		2.14
Total noninterest-bearing deposits		26,466					28,449					26,240					24,822					33,462
Other liabilities		20,295					21,353					21,958					18,314					19,022
Total liabilities		155,159					163,851					171,239					167,490					170,831
Shareholders’ equity		28,669					29,136					29,551					28,507					27,996
Total liabilities and shareholders’ equity	$	183,828				$	192,987				$	200,790				$	195,997				$	198,827
Net interest margin - Taxable equivalent basis				2.02	% (a)				2.16	%				2.14	%				1.16	%				1.96	%
Net interest margin -Excluding the SILO/LILO charge																			2.21	%				2.27	%

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

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

(c) Excluding the SILO/LILO charge, the rates on Domestic office loans, Non-margin loans and Interest-earning assets were 3.44%, 3.53% and 4.02%, 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 19

THE BANK OF NEW YORK MELLON CORPORATION

CONTINUING OPERATIONS - 11 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)			3rd Qtr (g)
Staff:
Compensation	$	652	$	664	$	683	$	742	$	739	$	754	$	764	$	758	$	795	$	804		$	804
Incentives		290		306		301		447		327		362		347		443		366		386			242
Employee benefits		176		172		172		182		191		187		169		164		191		201			172
Total staff		1,118		1,142		1,156		1,371		1,257		1,303		1,280		1,365		1,352		1,391			1,218
Professional, legal and other purchased services		185		198		209		248		245		253		241		272		252		280			287
Net occupancy		127		126		121		141		135		172		144		145		129		139			164
Distribution and servicing		108		119		114		132		132		141		127		133		130		131			133
Furniture and equipment		76		72		72		76		78		80		80		82		79		79			80
Business development		48		56		52		66		58		72		56		72		66		75			62
Software		75		74		69		79		72		77		91		78		79		88			78
Sub-custodian and clearing		97		109		97		85		87		104		110		115		70		83			80
Other		157		166		146		181		178		237		228		232		202		224			273
Subtotal	$	1,991	$	2,062	$	2,036	$	2,379	$	2,242	$	2,439	$	2,357	$	2,494	$	2,359	$	2,490		$	2,375
Support agreement charges		—		—		—		—		—		—		—		3		14		(9	)		726
Amortization of intangible assets		20		22		21		57		40		40		131		131		122		124			120
Merger & integration expense:
The Bank of New York Mellon Corporation		—		—		89		11		12		151		205		111		121		146			107
Acquired Corporate Trust Business		—		—		—		17		11		12		13		13		5		3			4
Total noninterest expense	$	2,011	$	2,084	$	2,146	$	2,464	$	2,305	$	2,642	$	2,706	$	2,752	$	2,621	$	2,754		$	3,332
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			43,200

(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 $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 million litigation 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 by the Clearing Services segment for the early termination of a contract in 2005, and a $6 million write-off of 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 and third quarters of 2008 include $22 million and $24 million, respectively, of charges for credit monitoring related to lost tapes.

(h) Represents full time employees.

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

Page 5 of 19

THE BANK OF NEW YORK MELLON CORPORATION

ASSETS UNDER MANAGEMENT/ CUSTODY AND ADMINISTRATION / SECURITIES LENDING - 11 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			3rd Qtr
Market value of assets under management at period-end(in billions)
Institutional	$	497		$	561		$	581		$	646		$	652		$	691		$	682		$	671		$	636		$	625		$	585
Mutual Funds		225			232			257			266			273			290			323			349			373			393			384
Private Client		91			89			88			99			100			101			101			101			96			95			98
Total market value of assets under management		813			882			926			1,011			1,025			1,082			1,106			1,121			1,105			1,113			1,067
Composition of assets under management at period-end
Equity		41	%		40	%		39	%		42	%		42	%		42	%		41	%		41	%		38	%		37	%		35	%
Money Market		23	%		22	%		23	%		22	%		22	%		23	%		25	%		26	%		29	%		31	%		34	%
Fixed Income		21	%		22	%		22	%		20	%		21	%		20	%		19	%		20	%		20	%		20	%		21	%
Alternative investments and overlay		15	%		16	%		16	%		16	%		15	%		15	%		15	%		13	%		13	%		12	%		10	%
Total		100	%		100	%		100	%		100	%		100	%		100	%		100	%		100	%		100	%		100	%		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		$	23.1		$	23.0		$	22.4
Market value of securities on loan at period-end	$	525		$	562		$	590		$	607		$	661		$	678		$	663		$	633		$	660		$	588		$	470
Market Indices
S&P 500 Index - period-end (a)		1295			1270			1336			1418			1421			1503			1527			1468			1323			1280			1166
S&P 500 Index - daily average		1284			1281			1288			1389			1424			1496			1490			1496			1353			1371			1252
FTSE 100 Index(a)		5965			5833			5961			6221			6308			6608			6467			6457			5702			5626			4902
FTSE 100 Index-daily average		5823			5843			5869			6146			6265			6534			6366			6455			5891			5979			5359
NASDAQ Composite Index(a)		2340			2172			2258			2415			2422			2603			2702			2652			2279			2293			2092
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			256.0
MSCI EAFE Index(a)		1827.7			1822.9			1885.3			2074.5			2147.5			2262.2			2300.3			2253.4			2038.6			1967.2			1553.2
NYSE Volume(in billions)		113.7			121.6			108.8			114.4			123.8			127.7			145.5			135.0			158.5			140.7			179.8
NASDAQ Volume(in billions)		130.8			134.2			114.6			121.5			123.5			134.0			137.0			137.4			148.9			134.5			142.0

(a) Period end

Page 6 of 19

THE BANK OF NEW YORK MELLON CORPORATION

ASSETS UNDER MANAGEMENT NET FLOWS - 11 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			3rd 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		$	1,113
Net Flows
Long-term		11			11		6		10		(3	)		6		2			(20	)		(6	)		(8	)		(6	)
Money market		(3	)		10		18		1		5			17		27			39			29			21			14
Total net inflows(a)		8			21		24		11		2			23		29			19			23			13			8
Net Market appreciation/(depreciation)		21			1		20		47		12			34		(5	)		(4	)		(39	)		(6	)		(54	)
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		$	1,067

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

Page 7 of 19

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESS SEGMENTS

ASSET MANAGEMENT - 11 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			3rd Qtr
Revenue:
Asset and wealth management
Mutual funds		232			245			242			255			276			291			307			323			323			340			328
Institutional clients		211			228			258			316			320			351			331			342			304			290			265
Private clients		35			38			37			41			43			46			47			47			45			47			43
Total asset and wealth management		478			511			537			612			639			688			685			712			672			677			636
Performance fees		65			55			59			214			49			63			(3	)		62			20			16			3
Distribution and servicing		62			67			71			78			82			82			89			104			86			99			93
Securities servicing fees		20			20			19			22			25			27			26			33			35			41			35
Other fee revenue		—			(15	)		(4	)		8			(9	)		4			(52	)		(23	)		(61	)		(37	)		(80	)
Total fee and other revenue		625			638			682			934			786			864			745			888			752			796			687
Net interest revenue (expense)		4			(1	)		—			(2	)		6			(6	)		(4	)		18			15			11			10
Total revenue		629			637			682			932			792			858			741			906			767			807			697
Noninterest expenses (ex. intangible amortization and support agreement charges)		422			430			449			590			511			542			538			559			561			531			491
Income before taxes (ex. intangible amortization and support agreement charges)		207			207			233			342			281			316			203			347			206			276			206
Support agreement charges		—			—			—			—			—			—			—			—			—			5			328
Amortization of intangible assets		6			7			7			12			13			13			70			70			62			68			64
Income before taxes		201			200			226			330			268			303			133			277			144			203			(186	)
Average assets	$	2,921		$	3,420		$	3,609		$	4,334		$	5,358		$	5,318		$	13,482		$	13,495		$	13,238		$	13,410		$	13,286
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		$	995
Pre-tax operating margin (GAAP)		32	%		31	%		33	%		35	%		34	%		35	%		18	%		31	%		19	%		25	%		-27	% (e)
Pre-tax operating margin (ex. intangible amortization) - non-GAAP		33	%		32	%		34	%		37	%		35	%		37	%		27	%		38	%		27	%		34	%		-18	% (e)

(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.

(e) Excluding support agreement charges, pre-tax operating margin (GAAP) would have been 20% and pre-tax operating margin (ex. intangible amortization) - Non-GAAP would have been 30%.

Page 8 of 19

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESS SEGMENTS

WEALTH MANAGEMENT - 11 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			3rd Qtr
Revenue:
Asset and wealth management		139			142			139			147			148			153			151			157			153			150			141
Securities servicing fees - Asset servicing		3			2			3			2			4			4			3			5			6			6			7
Other fee revenue		3			3			1			3			—			(1	)		2			5			7			5			15
Total fee and other revenue		145			147			143			152			152			156			156			167			166			161			163
Net interest revenue (expense)		42			44			45			43			43			44			41			42			46			48			50
Total revenue		187			191			188			195			195			200			197			209			212			209			213
Provision for credit losses		—			—			—			—			—			—			—			—			—			(1	)		1
Noninterest expenses (ex. intangible amortization and support agreement charges)		130			132			131			139			136			141			139			142			142			142			140
Income before taxes (ex. intangible amortization and support agreement charges)		57			59			57			56			59			59			58			67			70			68			72
Support agreement charges		—			—			—			—			—			—			—			—			—			—			15
Amortization of intangible assets		—			—			—			—			1			—			14			14			13			13			14
Income before taxes		57			59			57			56			58			59			44			53			57			55			43
Average loans	$	3,888		$	3,834		$	3,804		$	3,774		$	3,799		$	4,083		$	4,133		$	4,342		$	4,390		$	4,816		$	5,231
Average assets	$	6,391		$	6,398		$	6,457		$	6,530		$	6,884		$	6,841		$	9,964		$	9,858		$	10,496		$	10,254		$	9,801
Average deposits	$	5,980		$	6,009		$	6,061		$	6,110		$	6,388		$	6,352		$	7,589		$	7,469		$	7,993		$	7,782		$	7,318
Market value of total client assets at period-end (in billions) (a)	$	151		$	148		$	149		$	155		$	158		$	162		$	170		$	170		$	164		$	162		$	158
Pre-tax operating margin (GAAP)		30	%		31	%		30	%		29	%		30	%		30	%		22	%		25	%		27	%		26	%		20	% (b)
Pre-tax operating margin (ex. intangible amortization) - non-GAAP		30	%		31	%		30	%		29	%		30	%		30	%		29	%		32	%		33	%		33	%		27	% (b)

(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, $81 billion and $77 billion in the first, second, and third quarters of 2008.

(b) Excluding support agreement charges, pre-tax operating (GAAP) would have been 27% and pre-tax operating margin (ex. intangible amortization) - Non-GAAP would have been 34%.

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 19

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESS SEGMENTS

ASSET SERVICING - 11 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			3rd Qtr
Revenue:
Securities servicing fees - Asset servicing		533			587			554			572			609			665			689			777			859			821			769
Foreign Exchange and other trading activities		110			134			118			109			112			125			161			206			200			224			261
Other fee revenue		52			53			56			44			53			61			56			53			44			36			47
Total fee and other revenue		695			774			728			725			774			851			906			1,036			1,103			1,081			1,077
Net interest revenue (expense)		130			139			145			159			155			180			195			225			222			213			240
Total revenue		825			913			873			884			929			1,031			1,101			1,261			1,325			1,294			1,317
Noninterest expenses (ex. intangible amortization and support agreement charges)		628			660			668			691			681			732			753			807			733			812			821
Income before taxes (ex. intangible amortization and support agreement charges)		197			253			205			193			248			299			348			454			592			482			496
Support agreement charges		—			—			—			—			—			—			—			3			14			(14	)		381
Amortization of intangible assets		5			5			3			22			3			3			6			6			7			5			6
Income before taxes		192			248			202			171			245			296			342			445			571			491			109
Average loans	$	4,919		$	6,192		$	5,646		$	6,656		$	6,881		$	7,645		$	7,996		$	8,719		$	8,967		$	7,284		$	8,538
Average assets	$	32,054		$	35,271		$	36,813		$	37,368		$	37,922		$	40,843		$	44,043		$	48,462		$	52,468		$	54,763		$	57,795
Average deposits	$	28,291		$	30,942		$	32,397		$	33,023		$	34,286		$	37,339		$	38,065		$	42,446		$	46,092		$	48,436		$	51,492
Market value of securities on loan at period-end (in billions) (b)	$	525		$	562		$	590		$	607		$	661		$	678		$	663		$	633		$	660		$	588		$	470
Pre-tax operating margin (GAAP)		23	%		27	%		23	%		19	%		26	%		29	%		31	%		35	%		43	%		38	%		8	%(c)
Pre-tax operating margin (ex. intangible amortization) - non-GAAP		24	%		28	%		23	%		22	%		27	%		29	%		32	%		36	%		44	%		38	%		9	%(c)
MEMO:
Securities lending revenue	$	75		$	88		$	66		$	61		$	65		$	99		$	110		$	164		$	245		$	202		$	155

(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.

(c) Excluding support agreement charges, pre-tax operating (GAAP) would have been 37% and pre-tax operating margin (ex. intangible amortization) - Non-GAAP would have been 38%.

Page 10 of 19

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESS SEGMENTS

ISSUER SERVICES - 11 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 (b)			3rd Qtr (b)
Revenue:
Securities servicing fees - Issuer services		202			261			243			385			371			415			436			438			374			443			475
Other fee revenue		12			15			12			33			37			25			24			19			33			36			54
Total fee and other revenue		214			276			255			418			408			440			460			457			407			479			529
Net interest revenue (expense)		66			73			67			128			125			158			159			175			153			176			170
Total revenue		280			349			322			546			533			598			619			632			560			655			699
Provision for credit losses		—			—			1			(1	)		—			—			—			—			—			—			—
Noninterest expenses (ex. intangible amortization)		171			189			182			293			291			297			291			324			318			347			349
Income before taxes (ex. intangible amortization)		109			160			139			254			242			301			328			308			242			308			350
Amortization of intangible assets		—			1			1			16			17			17			20			21			20			20			21
Income before taxes		109			159			138			238			225			284			308			287			222			288			329
Average assets	$	9,062		$	9,567		$	8,924		$	16,779		$	17,848		$	25,619		$	30,771		$	32,729		$	32,227		$	35,167		$	34,264
Average deposits	$	7,474		$	8,015		$	7,334		$	12,661		$	13,574		$	21,392		$	26,186		$	28,293		$	27,632		$	30,557		$	29,546
Pre-tax operating margin(GAAP)		39	%		46	%		43	%		44	%		42	%		47	%		50	%		45	%		40	%		44	%		47	%
Pre-tax operating margin(ex. intangible amortization) - non-GAAP		39	%		46	%		43	%		47	%		45	%		50	%		53	%		49	%		43	%		47	%		50	%

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

(b) The second and third quarters of 2008 include $22 million and $24 million, respectively, of charges for credit monitoring related to lost tapes.

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 19

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESS SEGMENTS

CLEARING SERVICES - 11 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			3rd Qtr
Revenue:
Securities servicing fees - Clearing & execution services		322			316			282			257			272			281			302			310			265			265			257
Other fee revenue		61			36			46			39			38			40			70			47			54			65			64
Total fee and other revenue		383			352			328			296			310			321			372			357			319			330			321
Net interest revenue (expense)		64			68			70			76			74			75			77			78			74			74			74
Total revenue		447			420			398			372			384			396			449			435			393			404			395
Provision for credit losses		(2	)		(4	)		—			2			—			—			—			—			—			—			—
Noninterest expenses (ex. intangible amortization)		299			319			299			254			277			294			316			305			274			291			283
Income before taxes (ex. intangible amortization)		150			105			99			116			107			102			133			130			119			113			112
Amortization of intangible assets		8			8			8			6			6			6			6			6			6			6			8
Income before taxes		142			97			91			110			101			96			127			124			113			107			104
Average loans	$	7,051		$	7,105		$	6,186		$	6,426		$	6,668		$	7,195		$	6,847		$	6,660		$	6,629		$	7,263		$	7,384
Average assets	$	17,381		$	17,175		$	16,363		$	14,825		$	13,932		$	13,184		$	14,869		$	15,526		$	15,618		$	15,576		$	16,294
Pre-tax operating margin(GAAP)		32	%		23	%		23	%		30	%		26	%		24	%		28	%		29	%		29	%		26	%		26	%
Pre-tax operating margin(ex. intangible amortization) - non-GAAP		34	%		25	%		25	%		31	%		28	%		26	%		30	%		30	%		30	%		28	%		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 andhave 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 tobe realized in the first quarter of 2009.

Page 12 of 19

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESS SEGMENTS

TREASURY SERVICES - 11 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			3rd Qtr
Revenue:
Treasury services		113			112			114			111			110			114			114			118			121			125			125
Other fee revenue		95			116			99			95			103			104			110			125			106			130			137
Total fee and other revenue		208			228			213			206			213			218			224			243			227			255			262
Net interest revenue (expense)		122			123			122			126			135			131			140			161			182			153			158
Total revenue		330			351			335			332			348			349			364			404			409			408			420
Provision for credit losses		8			7			(3	)		(7	)		—			—			—			—			—			—			—
Noninterest expenses (ex. intangible amortization)		196			203			199			206			195			206			196			201			205			203			202
Income before taxes (ex. intangible amortization)		126			141			139			133			153			143			168			203			204			205			218
Amortization of intangible assets		—			—			1			—			—			—			7			7			7			7			6
Income before taxes		126			141			138			133			153			143			161			196			197			198			212
Average loans	$	12,336		$	12,849		$	13,613		$	13,946		$	12,588		$	13,191		$	13,716		$	14,331		$	15,344		$	15,606		$	14,671
Average assets	$	20,377		$	21,018		$	21,162		$	23,057		$	19,731		$	20,146		$	21,166		$	21,902		$	24,153		$	21,227		$	22,384
Average deposits	$	16,104		$	16,383		$	16,839		$	19,024		$	16,061		$	16,650		$	17,772		$	18,092		$	20,056		$	17,316		$	18,397
Pre-tax operatingmargin GAAP		38	%		40	%		41	%		40	%		44	%		41	%		44	%		49	%		48	%		49	%		50	%
Pre-tax operatingmargin (ex. intangible amortization) - non-GAAP		38	%		40	%		41	%		40	%		44	%		41	%		46	%		50	%		50	%		50	%		52	%

Page 13 of 19

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESS SEGMENTS

OTHER - 11 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)			3rd Qtr (g)
Revenue:
Total fee and other revenue		112			110			74			119			107			89			77			(90	)		15			(109	)		(105	)
Net interest revenue (expense)		42			35			32			35			20			10			66			58			81			(260	)		6
Total revenue		154			145			106			154			127			99			143			(32	)		96			(369	)		(99	)
Provision for credit losses		(5	)		(7	)		(3	)		(4	)		(12	)		(18	)		—			20			16			26			29
Noninterest expenses (ex. intangible amortization and merger & integration expense)		145			129			108			206			151			227			124			156			126			164			91
Income before taxes and extraordinary (loss) (ex. intangible amortization and merger & integration expense)		14			23			1			(48	)		(12	)		(110	)		19			(208	)		(46	)		(559	)		(219	)
Amortization of intangible assets		1			1			1			1			—			1			8			7			7			5			1
Merger & integration expenses		—			—			89			28			23			163			218			124			126			149			111
Income before taxes and extraordinary (loss)		13			22			(89	)		(77	)		(35	)		(274	)		(207	)		(339	)		(179	)		(713	)		(331	)
Average loans	$	9,575		$	9,501		$	10,156		$	10,634		$	12,101		$	11,710		$	12,825		$	13,057		$	13,166		$	12,182		$	11,159
Average assets	$	54,053		$	55,261		$	55,575		$	39,287		$	40,684		$	44,539		$	49,533		$	51,015		$	52,590		$	45,600		$	45,003
Average deposits	$	17,103		$	16,619		$	19,865		$	14,798		$	14,423		$	14,719		$	17,724		$	18,427		$	17,348		$	15,516		$	13,562

(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.

(g) The third quarter of 2008 includes $162 million of securities losses and a $112 million SILO/LILO charge.

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 19

THE BANK OF NEW YORK MELLON CORPORATION

SUPPLEMENTAL INFORMATION - GAAP TO NON-GAAP RECONCILIATIONS

Reconciliation of net income and EPS - GAAP to Non-GAAP	2007										2008
	3rd Qtr						4th Qtr				1st Qtr						2nd Qtr					3rd Qtr
(in millions, except per share amounts)	Net income			EPS			Net income		EPS		Net income			EPS			Net income			EPS		Net income			EPS
Net income - GAAP	$	640		$	0.56		$	520	$	0.45	$	746		$	0.65		$	309		$	0.27	$	303		$	0.26
Discontinued operations income (loss)		(2	)		—			—		—		(3	)		—			7			0.01		(2	)		—
Extraordinary (loss) - TRFC		—			—			180		0.16		—			—			—			—		—			—
Continuing operations		642			0.56			700		0.61		749			0.65			302			0.26		305			0.26
Non-GAAP adjustments:
M&I expenses		127			0.11			69		0.06		—			—			89			0.08		66			0.06
SILO/LILO charge/tax settlements		—			—			—		—		—			—			380			0.33		30			0.03
Support agreement charges		—			—			—		—		75			0.07			(5	)		—		433			0.37
Continuing operations excluding M&I expenses, SILO/LILO charge/tax settlement and support agreement charges.		769			0.67			769		0.67		824			0.72			766			0.67		834			0.72
Intangible amortization		84			0.07			78		0.07		75			0.07			77			0.07		74			0.06
Continuing operations excluding M&I expenses, SILO/LILO charge/tax settlement, support agreement charges, and intangible amortization.	$	853		$	0.75	(a)	$	847	$	0.74	$	899		$	0.78	(a)	$	843		$	0.74	$	908		$	0.79	(a)

(a) Does not foot due to rounding.

Reconciliation of total revenue	2007				2008
(dollar amounts in millions)	3rd Qtr		4th Qtr		1st Qtr		2nd Qtr		3rd Qtr
Fee and other revenue	$	2,931	$	3,047	$	2,980	$	2,982	$	2,923
Net interest revenue		669		752		767		411		703
Total revenue - GAAP		3,600		3,799		3,747		3,393		3,626
FTE Increment		14		16		15		15		16
SILO/LILO charge		—		—		—		377		112
Securities writedowns		9		191		73		152		162
Total revenue (FTE), excluding SILO/LILO charge and securities writedowns	$	3,623	$	4,006	$	3,835	$	3,937	$	3,916

Page 15 of 19

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			2,740			2,246			—			—
Issuer services		—			—			—			—			—			—			1,660			1,091
Clearing services		12			9			—			—			—			29			—			7
Total securities servicing fees		111			81			16			10			2,740			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			—			—			—			—			—			—
Other		(83	)		(39	)		(9	)		(2	)		170			114			66			37
Total fee revenue		3,292			2,879			631			587			3,567			2,922			1,764			1,163
Securities gains (losses)		(9	)		—			—			—			—			—			1			—
Total fee and other revenue		3,283			2,879			631			587			3,567			2,922			1,765			1,163
Net interest revenue (expense)		14			1			170			174			755			573			617			334
Total revenue		3,297			2,880			801			761			4,322			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			2,976			2,647			1,203			835
Income before taxes and extraordinary (loss) (ex. intangible amortization and merger & integration expense)		1,147			989			243			229			1,346			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			1,328			813			1,104			644
Average loans	$	—		$	—		$	4,089		$	3,825		$	7,810		$	5,853		$	—		$	—
Average assets	$	9,413		$	3,571		$	8,387		$	6,444		$	42,818		$	35,377		$	26,742		$	11,083
Average deposits	$	—		$	—		$	6,950		$	6,040		$	38,034		$	31,163		$	22,361		$	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 sector results.

Page 16 of 19

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			2,866			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			5,703			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			12			901			667
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			253			252			282
Other		96			103			60			75			69			95			369			383
Total fee revenue		1,360			1,359			898			855			372			410			11,884			10,175
Securities gains (losses)		—			—			—			—			(189	)		5			(197	)		5
Total fee and other revenue(a)		1,360			1,359			898			855			183			415			11,687			10,180
Net interest revenue (expense)(b)		304			278			567			493			154			144			2,581			1,997
Total revenue(c)		1,664			1,637			1,465			1,348			337			559			14,268			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			658			588			9,535			8,468
Income before taxes and extraordinary (loss) (ex. intangible amortization and merger & integration expense)		472			470			667			539			(311	)		(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			653			538			(855	)		(131	)		3,873			3,490
Average loans	$	6,843		$	6,692		$	13,457		$	13,186		$	12,423		$	9,967		$	44,622		$	39,523
Average assets	$	14,378		$	16,436		$	20,736		$	21,404		$	46,443		$	51,044		$	168,916		$	145,358
Average deposits	$	—		$	—		$	17,144		$	17,088		$	16,323		$	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 $38 million and $22 million for 2006 and 2007, respectively.

(c) Consolidated results include FTE impact of $74 million and $62 million for 2006 and 2007, respectively.

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

n/m - not meaningful

Page 17 of 19

THE BANK OF NEW YORK MELLON CORPORATION

CONTINUING OPERATIONS - 11 Quarter Trend

NONPERFORMING ASSETS

(dollar amounts in millions)	2006												2007												2008
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr
Loans:
Commercial	$	13		$	10		$	29		$	26		$	15		$	16		$	18		$	39		$	50		$	52		$	65
Commercial real estate		—			—			—			—			1			1			—			40			49			106			118
Residential real estate		2			2			2			3			4			5			11			20			33			55			75
Foreign		13			10			10			9			9			6			6			87			78			60			1
Lease finance assets		10			12			1			1			1			1			—			—			—			—			—
Total nonperforming loans		38			34			42			39			30			29			35			186			210			273			259
Other assets owned		—			12			—			1			2			1			2			4			5			6			8
Total acquired property		3			—			—			2			—			—			—			—			—			—			—
Total nonperforming assets	$	41		$	46		$	42		$	42		$	32		$	30		$	37		$	190		$	215		$	279		$	267
Nonperforming assets ratio		0.1	%		0.1	%		0.1	%		0.1	%		0.1	%		0.1	%		0.1	%		0.4	%		0.4	%		0.5	%		0.4	%
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			140.9
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			136.7
Total allowance for credit losses/nonperforming assets		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			190.7
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			185.0

Page 18 of 19

THE BANK OF NEW YORK MELLON CORPORATION

CONTINUING OPERATIONS - 11 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			3rd Qtr
Allowance for credit losses:
Allowance for loan losses	$	389		$	394		$	395		$	394		$	343		$	342		$	326		$	332		$	327		$	314		$	353
Allowance for lending-related commitments		222			222			224			217			234			226			219			178			167			173			133
Allowance at beginning of period		611			616			619			611			577			568			545			510			494			487			486
Net (charge-offs)/recoveries
Charge-offs		(2	)		(2	)		—			(25	)		(5	)		—			(37	)		(37	)		(14	)		(13	)		(22	)
Recoveries		6			9			—			1			8			5			2			1			1			—			—
Total Net (charge-offs)/recoveries		4			7			—			(24	)		3			5			(35	)		(36	)		(13	)		(13	)		(22	)
Provision for credit losses		1			(4	)		(5	)		(10	)		(12	)		(18	)		—			20			16			25			30
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			494
Allowance for loan losses	$	394		$	395		$	394		$	343		$	342		$	326		$	332		$	327		$	314		$	353		$	365
Allowance for lending related-commitments		222			224			217			234			226			219			178			167			173			133			129
Allowance at end of period		616			619			611			577			568			545			510			494			487			486			494
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	%		0.62	%

(a) Excluding purchase accounting adjustments.

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