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 with and 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 merger”).

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 (2006, 1Q07, 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/changes have impacted the reporting of our results:

On June 30, 2009, we adopted discontinued operations accounting for Mellon United National Bank (MUNB) located in Miami, Florida. Previously, the financial results were included in the Other segment. Only the financial results for all periods of 2007, 2008 and 2009 have been restated.

On January 1, 2009, we adopted FAS 160, which resulted in a reclassification of minority interest to equity from other liabilities on the balance sheet and to noncontrolling interest from other expense on the income statement.

During the first quarter of 2009, we moved the financial results of the Execution business from the Clearing Services segment to the Other segment. Historical segment results have been restated to reflect these changes.

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

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 1, 2006, The Bank of New York acquired the JPMorgan Chase 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 items have impacted the reporting of our results:

Investment Securities Portfolio restructuring/ Investment Write-downs – Impacted total revenue levels in the fourth quarter of 2007, full year of 2008, and the first, second and third quarters of 2009.

The TARP preferred dividends and related redemption premium impacted the fourth quarter of 2008, and the first and second quarters of 2009.

The FDIC Special Assessment of all depository institutions impacted the second quarter of 2009.

Workforce reduction restructuring charge – Recorded charges in the fourth quarter of 2008 and first and second quarters of 2009 related to the 4% global workforce reduction.

SILO/LILO/Tax settlement charges – Incurred charges in the second and third quarters of 2008, while the second quarter of 2009 contains the benefit of final tax settlements.

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

Support agreement charges – Recorded a $163 million pre-tax charge in the fourth quarter of 2008 and a $726 million pre-tax charge in the third quarter of 2008 (minor amounts recorded in the fourth quarter of 2007, first and second quarters of 2008 and the first and second quarters of 2009).

All of these items are detailed in the trends that follow.

Discontinued Operations Accounting:

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

Average Assets:

In business segments where average deposits 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.

Non-GAAP Measures:

Certain Non-GAAP measures are included in the following schedules. These measures are used by management to monitor financial performance, both on a company-wide and on a business segment basis. These Non-GAAP measures impact certain revenue/expense categories, percentages and ratios by the exclusion and/or adjustment of items listed above and described in footnotes. For further information, see ‘Non-GAAP Measures’ and ‘Supplemental Information – Explanation of Non-GAAP Financial Measures’ in The Bank of New York Mellon Corporation Quarterly Earnings Review dated October 20, 2009, furnished as an exhibit to the Report on Form 8-K to which these Financial Trends are furnished as an exhibit.

Page 1 of 19

THE BANK OF NEW YORK MELLON CORPORATION

CONTINUING OPERATIONS - 11 Quarter Trend

(dollar amounts in millions unless otherwise noted)	2007												2008												2009
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr (a)			3rd Qtr (a), (b)			4th Qtr (b), (c)			1st Qtr			2nd Qtr (d), (e)			3rd Qtr (f)
Revenue:
Securities servicing fees
Asset servicing	$	647		$	703		$	723		$	816		$	903		$	873		$	808		$	786		$	609		$	671		$	643
Issuer services		371			415			436			438			376			444			477			388			364			372			359
Clearing services		275			288			301			308			263			264			259			279			253			250			236
Total securities servicing fees		1,293			1,406			1,460			1,562			1,542			1,581			1,544			1,453			1,226			1,293			1,238
Asset and wealth management fees		850			919			851			949			862			860			795			701			616			637			650
Foreign exchange & other trading		182			176			238			305			259			308			385			510			307			237			246
Treasury services		115			121			122			121			124			129			129			132			125			132			128
Distribution and servicing		84			83			95			113			98			110			107			106			111			107			94
Financing-related fees		63			69			51			52			47			51			44			44			48			54			56
Investment Income		60			74			25			58			41			74			47			45			(17	)		44			121
Other		94			88			100			81			82			28			37			67			15			9			84
Total fee revenue		2,741			2,936			2,942			3,241			3,055			3,141			3,088			3,058			2,431			2,513			2,617
Securities gains (losses)		2			1			(9	)		(191	)		(73	)		(152	)		(162	)		(1,241	)		(295	)		(256	)		(4,833	)
Total fee and other revenue		2,743			2,937			2,933			3,050			2,982			2,989			2,926			1,817			2,136			2,257			(2,216	)
Net interest revenue		523			556			642			725			743			388			681			1,047			775			700			716
Total revenue		3,266			3,493			3,575			3,775			3,725			3,377			3,607			2,864			2,911			2,957			(1,500	)
Provision for credit losses		(12	)		(18	)		—			20			14			13			23			54			59			61			147
Noninterest expenses - other		2,234			2,429			2,346			2,486			2,357			2,471			3,090			2,468			2,095			2,149			2,165
FDIC special assessment		—			—			—			—			—			—			—			—			—			61			—
Amortization of intangible assets		40			40			131			128			119			123			118			113			107			108			104
Restructuring charges		—			—			—			—			—			—			—			181			10			6			(5	)
Merger & integration expense		23			163			218			124			126			149			111			97			68			59			54
Total noninterest expense		2,297			2,632			2,695			2,738			2,602			2,743			3,319			2,859			2,280			2,383			2,318
Income/ (loss) from continuing operations before taxes		981			879			880			1,017			1,109			621			265			(49	)		572			513			(3,965	)
Income taxes								252			327			358			312			(42	)		(137	)		161			12			(1,527	)
Income/ (loss) from continuing operations								628			690			751			309			307			88			411			501			(2,438	)
Income/ (loss) from discontinued operations, net of tax								7			9			4			6			—			4			(41	)		(91	)		(19	)
Net income attributable to noncontrolling interest								(4	)		(3	)		(9	)		(6	)		(4	)		(5	)		(1	)		2			(1	)
Extraordinary (loss) on consolidation of commercial paper conduit, net of tax								—			(180	)		—			—			—			(26	)		—			—			—
Redemption charge and preferred dividends								—			—			—			—			—			(33	)		(47	)		(236	)		—
Net income/ (loss) applicable to shareholders of The Bank of New York Mellon Corporation							$	631		$	516		$	746		$	309		$	303		$	28		$	322		$	176		$	(2,458	)
EPS from continuing operations							$	0.55		$	0.60		$	0.65		$	0.26		$	0.26		$	0.04		$	0.31		$	0.23		$	(2.04	)
EPS from continuing operations - Non-GAAP (g)							$	0.66		$	0.66		$	0.72		$	0.34		$	0.32		$	0.09		$	0.35		$	0.26		$	(2.01	)
Market value of assets under management at period-end (in billions)	$	1,025		$	1,082		$	1,106		$	1,121		$	1,105		$	1,113		$	1,067		$	928		$	881		$	926		$	966
Market value of assets under custody and administration at period-end (in trillions)	$	21.1		$	22.2		$	22.7		$	23.1		$	23.1		$	23.0		$	22.4		$	20.2		$	19.5		$	20.7		$	22.1
Market value of securities on loan at period-end (in billions)	$	661		$	678		$	663		$	633		$	660		$	588		$	470		$	326		$	293		$	290		$	299
Pre-tax operating margin
GAAP-before extraordinary (loss)								25	%		27	%		30	%		19	%		7	%		(1	)%		20	%		17	%		N/M
Non-GAAP adjusted (h)								35	%		37	%		38	%		37	%		39	%		43	%		32	%		31	%		32	%
Return on tangible common equity(annualized):
GAAP-before extraordinary (loss)								33.2	%		33.0	%		35.4	%		18.5	%		18.9	%		6.5	%		28.8	%		18.4	%		N/M
Non-GAAP adjusted (i)								39.0	%		40.8	%		40.7	%		45.9	%		50.2	%		61.3	%		43.6	%		23.3	%		32.0	%
Return on common equity(annualized)
GAAP-before extraordinary (loss)								8.9	%		9.5	%		10.1	%		4.3	%		4.3	%		0.8	%		5.8	%		4.0	%		N/M
Non-GAAP adjusted -excluding intangible amortization (i)								11.8	%		13.1	%		12.7	%		13.2	%		14.2	%		16.8	%		10.4	%		6.4	%		10.1	%
Percent of non-US fee and net interest revenue								30	%		33	%		33	%		37	%		33	%		31	%		29	%		31	%		31	%
Percent of non-US fee and net interest revenue - Non-GAAP (j)								30	%		33	%		33	%		34	%		32	%		31	%		29	%		31	%		31	%

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

(b) The third and fourth quarters of 2008 include pretax support agreement charges of $726 million and $163 million, respectively.

(c) The fourth quarter of 2008 includes a $181 million pretax workforce reduction restructuring charge.

(d) The second quarter of 2009 contains $134 million of tax benefits related to the final LILO/SILO tax settlement.

(e) The second quarter of 2009 included a $196.5 million after-tax charge related to the repurchase of TARP securities.

(f) The third quarter of 2009 includes a $4.8 billion pretax charge related to investment securities portfolio restructuring.

(g) Calculated excluding investment securities losses, TARP redemption premium/dividend, FDIC special assessment, SILO/LILO/tax settlements, 3rd and 4th quarters of 2008 support agreement charges, M&I expenses, benefit of tax settlements, and 4th quarter 2008 workforce reduction restructuring charge.

(h) Calculated excluding investment securities losses, SILO/LILO charges, support agreement charges, asset-based taxes, FDIC special assessment, M&I expenses 4th quarter 2008 workforce reduction restructuring charge, restructuring charge and intangible amortization.

(i) Calculated excluding investment securities losses, SILO/LILO/tax settlements, support agreement charges, FDIC special assessment, M&I expenses 4th quarter 2008 workforce reduction restructuring charge, restructuring charge and benefit of tax settlements.

(j) Calculated excluding the SILO/LILO/tax settlements and investment write-downs.

Note: See pages 3 through 6 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

	2007												2008												2009
(dollar amounts in millions 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 (b)
Securities servicing fees
Asset servicing(a)	$	582		$	604		$	613		$	649		$	658		$	671		$	653		$	599		$	519		$	574		$	600
Securities lending		65			99			110			167			245			202			155			187			90			97			43
Issuer services		371			415			436			438			376			444			477			388			364			372			359
Clearing services		275			288			301			308			263			264			259			279			253			250			236
Total securities servicing fees		1,293			1,406			1,460			1,562			1,542			1,581			1,544			1,453			1,226			1,293			1,238
Asset and wealth management fees		850			919			851			949			862			860			795			701			616			637			650
Foreign exchange & other trading		182			176			238			305			259			308			385			510			307			237			246
Treasury services		115			121			122			121			124			129			129			132			125			132			128
Distribution and servicing		84			83			95			113			98			110			107			106			111			107			94
Financing-related fees		63			69			51			52			47			51			44			44			48			54			56
Investment Income		60			74			25			58			41			74			47			45			(17	)		44			121
Other		94			88			100			81			82			28			37			67			15			9			84
Total fee revenue		2,741			2,936			2,942			3,241			3,055			3,141			3,088			3,058			2,431			2,513			2,617
Securities gains (losses)		2			1			(9	)		(191	)		(73	)		(152	)		(162	)		(1,241	)		(295	)		(256	)		(4,833	)
Total fee and other revenue		2,743			2,937			2,933			3,050			2,982			2,989			2,926			1,817			2,136			2,257			(2,216	)
Fee and other revenue as a percentage of total revenue		84	%		84	%		82	%		81	%		80	%		89	%		81	%		63	%		73	%		76	%		n/m
Fee and other revenue as a percentage of total revenue - Non-GAAP(c)		84	%		84	%		82	%		82	%		80	%		80	%		80	%		74	%		76	%		78	%		79	%
Market value of assets under management at period-end(in billions)	$	1,025		$	1,082		$	1,106		$	1,121		$	1,105		$	1,113		$	1,067		$	928		$	881		$	926		$	966
Market value of assets under custody and administration at period-end(in trillions)	$	21.1		$	22.2		$	22.7		$	23.1		$	23.1		$	23.0		$	22.4		$	20.2		$	19.5		$	20.7		$	22.1
Market value of securities on loan at period-end(in billions)	$	661		$	678		$	663		$	633		$	660		$	588		$	470		$	326		$	293		$	290		$	299
S&P 500 Index - period-end		1421			1503			1527			1468			1323			1280			1166			903			798			919			1057
S&P 500 Index - daily average		1424			1496			1490			1496			1353			1371			1252			916			809			891			997

(a) In the second quarter of 2009, global custodian out-of-pocket expense related to client reimbursement was reclassified from sub-custodian expense to asset servicing revenue. The reclassification totaled $7 million, $9 million, $3 million and $4 million for the first, second, third and fourth quarters of 2007; $4 million, $10 million, $4 million and $4 million for the first, second, third and fourth quarters of 2008; and $0 million in the first quarter of 2009.

(b) The third quarter of 2009 includes a $4.8 billion charge related to investment securities portfolio restructuring.

(c) Excludes the investment write-downs and SILO/LILO charges.

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	%
Interest-bearing deposits with Federal Reserve bank																						—		—
Other Short Term Investment (FRB)		—		—			—		—			—		—			—		—			954		2.95
Federal funds sold and securities under resale agreements		5,493		5.26			7,088		4.66			8,191		3.15			6,736		2.21			7,019		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		25,596		5.00			27,083		4.81			27,885		4.37			26,550		(1.97	) (b)		25,932		1.60	(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		38,776		5.17			40,352		4.88			41,766		4.43			39,831		0.01	(b)		39,671		2.33	(c)
Securities
U.S. government obligations		348		4.61			427		4.23			397		3.52			542		3.08			679		3.03
U.S. government agency obligations		10,994		5.53			11,004		5.26			10,613		4.78			10,433		4.29			10,894		4.33
Obligations of states and political subdivisions		712		6.57			702		6.61			681		7.64			654		5.74			701		7.44
Other securities		33,361		5.69			33,972		5.44			35,840		5.26			32,755		5.22			30,590		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		47,287		5.59			48,456		5.40			48,990		5.18			46,302		4.93			44,655		5.04
Total interest-earning assets		131,310		5.28			138,316		5.05			142,863		4.55			142,032		3.02	(b)		142,062		3.69	(c)
Allowance for credit losses		(290	)				(318	)				(297	)				(295	)				(329	)
Cash and due from banks		4,972					5,624					5,789					5,356					7,796
Other assets		45,071					46,523					49,782					46,504					46,937
Discontinued Operations		2,765					2,842					2,653					2,400					2,361
Total Assets	$	183,828				$	192,987				$	200,790				$	195,997				$	198,827
Liabilities and total equity
Interest-bearing liabilities:
Money market rate accounts	$	16,488		3.46	%	$	15,498		2.81	%	$	12,577		1.67	%	$	12,869		0.98	%	$	11,785		0.88	%
Savings		772		2.22			791		1.83			902		1.89			971		1.50			979		0.93
Certificates of deposit of $100,000 & over		2,953		5.35			2,547		5.17			2,313		3.91			2,116		2.60			1,928		2.19
Other time deposits		1,328		6.54			1,224		6.79			8,300		2.45			6,335		1.88			5,393		1.99
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		79,997		3.80			85,425		3.36			92,006		2.67			93,932		2.03			86,016		1.99
Federal funds purchased and securities under repurchase agreements		4,015		4.26			3,266		3.92			4,138		2.14			3,791		1.02			4,816		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		106,885		4.07			112,506		3.61			121,554		2.91			122,954		2.21			116,992		2.15
Total noninterest-bearing deposits		25,923					27,892					25,726					24,300					32,953
Other liabilities		19,451					20,475					21,169					17,707					18,396
Discontinued Operations		2,765					2,842					2,653					2,400					2,361
Total Shareholders’ Equity		28,669					29,136					29,551					28,507					27,996
Noncontrolling interest		135					136					137					129					129
Total liabilities and shareholders’ equity	$	183,828				$	192,987				$	200,790				$	195,997				$	198,827
Net interest margin - Taxable equivalent basis				1.97	% (a)				2.11	%				2.09	%				1.11	%				1.92	%
Net interest margin excluding the SILO/LILO charge - Non-GAAP																			2.17	%				2.24	%

(a) Includes the reduction in net interest revenue of $22 million related to a required recalculation of the yield on leveraged 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 3.71%, 3.80% and 4.08%, respectively.

(c) Excluding the SILO/LILO charge, the rates on Domestic office loans, Non-margin loans and Interest-earning assets were 3.33%, 3.46% and 4.01%, 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

Average Balances and Interest Rates (continued)

	Quarter Ended
	December 31, 2008					March 31, 2009					June 30, 2009					September 30, 2009
(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)	$	78,680		2.65	%	$	56,505		1.56	%	$	56,917		1.18	%	$	54,343		1.08	%
Interest-bearing deposits with Federal Reserve bank		—		—			23,192		0.37			6,338		0.37			6,976		0.32
Other Short Term Investment (FRB)		8,378		3.05			1,269		3.15			—		—			—		—
Federal funds sold and securities under resale agreements		4,050		1.32			2,310		0.81			2,899		1.29			3,443		1.19
Margin loans		4,885		2.35			4,219		1.63			4,134		1.62			4,335		1.55
Non-margin loans:
Domestic offices		28,233		2.70			21,630		2.91			20,740		3.18			19,412		3.22
Foreign offices		15,208		3.73			13,109		2.56			12,155		2.21			10,788		1.99
Total non-margin loans		43,441		3.06			34,739		2.78			32,895		2.82			30,200		2.78
Securities
U.S. government obligations		762		2.73			787		2.50			1,679		1.67			4,605		1.45
U.S. government agency obligations		11,438		4.29			12,063		3.71			14,748		3.74			17,635		3.79
Obligations of states and political subdivisions		941		7.73			767		6.71			710		6.92			639		7.30
Other securities		26,916		5.95			29,848		4.47			34,766		2.85			31,010		3.04
Trading securities		2,148		3.96			1,728		2.86			2,179		2.50			1,973		2.30
Total securities		42,205		5.38			45,193		4.22			54,082		3.10			55,862		3.16
Total interest-earning assets		181,639		3.36			167,427		2.37			157,265		2.16			155,159		2.14
Allowance for credit losses		(334	)				(378	)				(426	)				(425	)
Cash and due from banks		5,806					4,824					3,412					3,247
Other assets		54,499					45,880					45,975					45,728
Discontinued Operations		2,352					2,366					2,307					2,077
Total Assets	$	243,962				$	220,119				$	208,533				$	205,786
Liabilities and total equity
Interest-bearing liabilities:
Money market rate accounts	$	18,274		0.53	%	$	18,563		0.10	%	$	19,037		0.10	%	$	16,817		0.09	%
Savings		1,013		0.64			1,165		0.61			1,070		0.44			1,115		0.32
Certificates of deposit of $100,000 & over		1,812		2.43			1,479		1.11			942		1.00			847		0.62
Other time deposits		5,052		1.34			5,574		0.55			4,190		0.48			5,058		0.40
Foreign offices		69,575		1.12			75,202		0.31			73,657		0.14			69,795		0.08
Total interest-bearing deposits		95,726		1.04			101,983		0.30			98,896		0.16			93,632		0.11
Federal funds purchased and securities under repurchase agreements		5,738		0.27			1,839		0.09			2,485		(0.46	)		3,075		0.20
Other borrowed funds		3,558		2.13			3,785		1.57			2,756		1.04			2,286		1.49
Borrowings from FRB Related to ABCP		8,378		2.25			1,269		2.25			—		—			—		—
Payables to customers and broker-dealers		5,570		0.62			3,797		0.20			4,901		0.13			5,844		0.10
Long-term debt		15,467		3.79			15,493		2.72			16,793		2.35			17,393		1.74
Total interest-bearing liabilities		134,437		1.41			128,166		0.64			125,831		0.46			122,230		0.37
Total noninterest-bearing deposits		51,729					43,051					32,852					34,920
Other liabilities		26,601					18,523					18,578					18,386
Discontinued Operations		2,352					2,366					2,307					2,077
Total Shareholders’ Equity		28,771					27,978					28,934					28,144
Noncontrolling interest		72					35					31					29
Total liabilities and total equity	$	243,962				$	220,119				$	208,533				$	205,786
Net interest margin - Taxable equivalent basis				2.32	%				1.87	%				1.80	%				1.85	%
Net interest margin excluding the SILO/LILO charge - Non-GAAP

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 5 of 19

THE BANK OF NEW YORK MELLON CORPORATION

CONTINUING OPERATIONS - 11 Quarter Trend

NONINTEREST EXPENSE

	2007								2008								2009
(dollar amounts in millions)	1st Qtr		2nd Qtr (c)		3rd Qtr (d)		4th Qtr		1st Qtr (e)		2nd Qtr (f)		3rd Qtr (f), (g)		4th Qtr (f),(g),(h)		1st Qtr		2nd Qtr		3rd Qtr
Staff:
Compensation (a)	$	735	$	750	$	760	$	754	$	803	$	818	$	836	$	785	$	732	$	740	$	747
Incentives		326		361		346		442		365		385		241		256		247		241		242
Employee benefits		190		186		168		163		190		200		171		139		190		172		168
Total staff		1,251		1,297		1,274		1,359		1,358		1,403		1,248		1,180		1,169		1,153		1,157
Professional, legal and other purchased services(a)		244		252		240		271		238		259		251		273		237		237		265
Net occupancy		134		171		143		144		128		138		163		141		139		142		142
Distribution and servicing		132		141		127		133		130		131		133		123		107		106		104
Software		72		77		91		78		79		88		78		86		81		93		95
Sub-custodian and clearing(b)		94		113		113		119		74		93		84		84		66		91		80
Furniture and equipment		78		79		80		82		79		78		80		86		77		76		76
Business development		57		71		56		71		65		75		62		76		44		49		45
Other		172		228		222		229		206		206		991		600		185		208		196
Subtotal	$	2,234	$	2,429	$	2,346	$	2,486	$	2,357	$	2,471	$	3,090	$	2,649	$	2,105	$	2,155	$	2,160
FDIC special assessment		—		—		—		—		—		—		—		—		—		61		—
Amortization of intangible assets		40		40		131		128		119		123		118		113		107		108		104
Merger & integration expense:
The Bank of New York Mellon Corporation		12		151		205		111		121		146		107		97		68		59		54
Acquired Corporate Trust Business		11		12		13		13		5		3		4		—		—		—		—
Total noninterest expense	$	2,297	$	2,632	$	2,695	$	2,738	$	2,602	$	2,743	$	3,319	$	2,859	$	2,280	$	2,383	$	2,318
Employees at period-end(i)		n/a		n/a		40,600		42,500		42,200		42,700		42,900		42,500		41,700		41,800		42,000

(a) In the second quarter of 2009, certain temporary/consulting expenses were reclassified from professional, legal and other purchased services to staff expense. The reclassification totaled $16 million, $19 million, $35 million and $33 million for the first, second, third and fourth quarters of 2008 and $24 million in the first quarter of 2009.

(b) In the second quarter of 2009, global custodian out-of-pocket expense related to client reimbursement was reclassified from sub-custodian expense to asset servicing revenue. The reclassification totaled $7 million, $9 million, $3 million and $4 million for the first, second, third and fourth quarters of 2007; $4 million, $10 million, $4 million and $4 million for the first, second, third and fourth quarters of 2008; and $- million in the first quarter of 2009.

(c) 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.

(d) The third quarter of 2007 includes a $32 million write-off of the remaining interests in a hedge fund manager sold in 2006.

(e) The first quarter of 2008 includes a $25 million write-down of seed capital investments related to a former affiliated hedge fund manager.

(f) The second, third and fourth quarters of 2008 include $22 million, $24 million and $4 million, respectively, of charges for credit monitoring related to lost tapes.

(g) The third and fourth quarters of 2008 include support agreement charges of $726 million and $163 million, respectively.

(h) The fourth quarter of 2008 includes a $181 million workforce reduction restructuring charge.

(i) Represents full time employees.

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

Page 6 of 19

THE BANK OF NEW YORK MELLON CORPORATION

ASSETS UNDER MANAGEMENT/ CUSTODY AND ADMINISTRATION / SECURITIES LENDING - 11 Quarter Trend

	2007												2008												2009
(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	$	652		$	691		$	682		$	671		$	636		$	625		$	585		$	445		$	394		$	425		$	461
Mutual Funds		273			290			323			349			373			393			384			400			413			421			421
Private Client		100			101			101			101			96			95			98			83			74			80			84
Total market value of assets under management		1,025			1,082			1,106			1,121			1,105			1,113			1,067			928			881			926			966
Composition of assets under management at period-end
Equity		42	%		42	%		41	%		41	%		40	%		38	%		36	%		29	%		27	%		31	%		34	%
Money Market		22	%		23	%		25	%		26	%		29	%		31	%		34	%		43	%		45	%		43	%		39	%
Fixed Income		21	%		20	%		19	%		20	%		18	%		18	%		20	%		18	%		19	%		17	%		17	%
Alternative investments and overlay		15	%		15	%		15	%		13	%		13	%		13	%		10	%		10	%		9	%		9	%		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)	$	21.1		$	22.2		$	22.7		$	23.1		$	23.1		$	23.0		$	22.4		$	20.2		$	19.5		$	20.7		$	22.1
Market value of securities on loan at period-end	$	661		$	678		$	663		$	633		$	660		$	588		$	470		$	326		$	293		$	290		$	299
Market Indices
S&P 500 Index - period-end(a)		1421			1503			1527			1468			1323			1280			1166			903			798			919			1057
S&P 500 Index - daily average		1424			1496			1490			1496			1353			1371			1252			916			809			891			995
FTSE 100 Index(a)		6308			6608			6467			6457			5702			5626			4902			4434			3926			4249			5134
FTSE 100 Index-daily average		6265			6534			6366			6455			5891			5979			5359			4270			4040			4258			4708
NASDAQ Composite Index(a)		2422			2603			2702			2652			2279			2293			2092			1577			1529			1835			2122
Lehman Brothers Aggregate Bond Index(a)		231			228			246			258			281			270			256			275			262			280			304
MSCI EAFE Index(a)		2148			2262			2300			2253			2039			1967			1553			1237			1056			1307			1553
NYSE Volume(in billions)		124			128			146			135			159			141			180			181			161			151			126
NASDAQ Volume(in billions)		124			134			137			137			149			135			145			148			136			152			144

(a) Period end

Page 7 of 19

THE BANK OF NEW YORK MELLON CORPORATION

ASSETS UNDER MANAGEMENT NET FLOWS - 11 Quarter Trend

	2007											2008												2009
(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	$	1,011		$	1,025	$	1,082		$	1,106		$	1,121		$	1,105		$	1,113		$	1,067		$	928		$	881		$	926
Net Flows
Long-term		(3	)		6		2			(20	)		(6	)		(8	)		(6	)		(22	)		(1	)		(17	)		(2	)
Money market		5			17		27			39			29			21			14			28			(11	)		(2	)		(14	)
Total net inflows(a)		2			23		29			19			23			13			8			6			(12	)		(19	)		(16	)
Net Market appreciation/(depreciation)		12			34		(5	)		(4	)		(39	)		(6	)		(54	)		(137	)		(35	)		64			56
Acquisitions/other		—			—		—			—			—			1			—			(8	)		—			—			—
Market value of assets under management at end of period	$	1,025		$	1,082	$	1,106		$	1,121		$	1,105		$	1,113		$	1,067		$	928		$	881		$	926		$	966

(a) Net flows from the first and second quarters of 2007 represent Legacy Mellon flows only.

Page 8 of 19

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESS SEGMENTS

ASSET MANAGEMENT - 11 Quarter Trend

	2007												2008												2009
(dollar amounts in millions unless otherwise noted)	1st Qtr			2nd Qtr			3rd Qtr (a)			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr
Revenue:
Asset and wealth management
Mutual funds		276			291			307			323			323			340			328			297			263			266			274
Institutional clients		320			351			331			342			304			290			265			193			181			175			197
Private clients		43			46			47			47			45			47			43			35			32			31			34
Performance fees		49			63			(3	)		62			20			16			3			44			7			26			1
Total asset and wealth management		688			751			682			774			692			693			639			569			483			498			506
Distribution and servicing		82			82			89			104			86			99			93			93			92			90			84
Other fee revenue(b)		16			31			(22	)		12			(27	)		4			(47	)		(100	)		(96	)		(59	)		2
Total fee and other revenue		786			864			749			890			751			796			685			562			479			529			592
Net interest revenue (expense)		3			(7	)		(6	)		15			12			9			9			45			14			8			6
Total revenue		789			857			743			905			763			805			694			607			493			537			598
Noninterest expenses (ex. intangible amortization and support agreement charges)		513			545			538			562			557			528			488			478			412			419			415
Income before taxes (ex. intangible amortization and support agreement charges)		276			312			205			343			206			277			206			129			81			118			183
Support agreement charges		—			—			—			—			—			5			328			2			(14	)		—			32
Amortization of intangible assets		13			13			70			70			62			68			64			61			55			55			53
Income before taxes		263			299			135			273			144			204			(186	)		66			40			63			98
Average assets	$	5,358		$	5,318		$	13,482		$	13,495		$	13,238		$	13,410		$	13,286		$	13,135		$	12,636		$	12,377		$	12,396
Market value of assets under management at period-end (in billions)(c)	$	950		$	1,006		$	1,028		$	1,044		$	1,029		$	1,040		$	995		$	862		$	818		$	860		$	897
Pre-tax operating margin
GAAP		33	%		35	%		18	%		30	%		19	%		25	%		(27	)%		11	%		8	%		12	%		16	%
Non-GAAP adjusted(d)		35	%		36	%		28	%		38	%		27	%		34	%		(18	)%		21	%		19	%		22	%		25	%

(a) 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.

(b) Includes investment write-downs of $9 million and $1 million in the third and fourth quarters of 2007, $24 million, $1 million, $3 million and $51 million in the first, second, third and fourth quarters of 2008, $34 million, $45 million and $0 million of the first, second and third quarters of 2009.

(c) Includes amounts subadvised for/by other segments.

(d) Excluding support agreement charges, investment write-downs and intangible amortization, pre-tax operating margin (Non-GAAP) was 38% for the fourth quarter of 2007, 29%, 35%, 30% and 27% for the first, second, third and fourth quarters of 2008, respectively, and 22%, 28% and 31% for the first, second and third quarters of 2009, respectively. There were no support agreement charges or investment write-downs prior to the fourth quarter of 2007.

Page 9 of 19

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESS SEGMENTS

WEALTH MANAGEMENT - 11 Quarter Trend

(dollar amounts in millions unless otherwise noted)	2007												2008												2009
	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		148			153			151			157			153			150			141			119			122			128			133
Securities servicing fees - Asset servicing		4			4			3			5			6			6			7			8			7			6			7
Other fee revenue		—			(1	)		2			5			7			5			15			7			12			6			5
Total fee and other revenue		152			156			156			167			166			161			163			134			141			140			145
Net interest revenue (expense)		43			44			41			42			46			48			50			56			50			49			49
Total revenue		195			200			197			209			212			209			213			190			191			189			194
Provision for credit losses		—			—			—			—			—			(1	)		1			—			—			—			—
Noninterest expenses (ex. intangible amortization and support agreement charges)		136			141			139			142			141			142			141			141			128			135			133
Income before taxes (ex. intangible amortization and support agreement charges)		59			59			58			67			71			68			71			49			63			54			61
Support agreement charges		—			—			—			—			—			—			15			—			—			—			—
Amortization of intangible assets		1			—			14			14			13			13			14			14			11			11			12
Income before taxes		58			59			44			53			58			55			42			35			52			43			49
Average loans	$	3,799		$	4,083		$	4,133		$	4,342		$	4,390		$	4,816		$	5,231		$	5,309		$	5,388		$	5,684		$	6,010
Average assets	$	6,884		$	6,841		$	9,964		$	9,858		$	10,496		$	10,254		$	9,801		$	9,632		$	9,611		$	9,131		$	9,122
Average deposits	$	6,388		$	6,352		$	7,589		$	7,469		$	7,993		$	7,782		$	7,318		$	7,131		$	7,058		$	6,628		$	6,602
Market value of total client assets at period-end(in billions)(a)	$	158		$	162		$	170		$	170		$	164		$	162		$	158		$	139		$	132		$	142		$	151
Pre-tax operating margin
GAAP		30	%		30	%		22	%		25	%		27	%		26	%		20	%		18	%		27	%		23	%		26	%
Non-GAAP adjusted(excluding intangible amortization)		30	%		30	%		29	%		32	%		33	%		33	%		27	% (b)		25	%		33	%		29	%		32	%

(a) Includes assets under management, before amounts subadvised by/for other segments, of $66 billion, $69 billion and $74 billion in the first, second and third quarters of 2009; of $84 billion, $81 billion, $77 billion and $69 billion in the first, second, third and fourth quarters of 2008; of $84 billion, $85 billion, $86 billion and $86 billion in the first, second, third and fourth quarters of 2007.

(b) Excluding support agreement charges, pre-tax operating margin (Non-GAAP) was 34% for the third quarter 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. Historical segment results have been restated to reflect these changes.

Page 10 of 19

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESS SEGMENTS

ASSET SERVICING - 11 Quarter Trend

	2007												2008												2009
(dollar amounts in millions 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
Revenue:
Securities servicing fees - ex. securities lending (a)		556			583			592			627			634			648			631			583			504			557			573
Securities lending revenue		60			91			100			154			229			182			143			163			79			85			32
Foreign Exchange and other trading activities		112			125			161			206			200			224			261			366			199			206			180
Other fee revenue		53			61			56			53			44			36			47			25			48			45			50
Total fee and other revenue		781			860			909			1,040			1,107			1,090			1,082			1,137			830			893			835
Net interest revenue (expense)		155			180			195			225			222			213			240			411			249			211			228
Total revenue		936			1,040			1,104			1,265			1,329			1,303			1,322			1,548			1,079			1,104			1,063
Noninterest expenses (ex. intangible amortization and support agreement charges) (a)		688			741			756			811			737			821			826			834			699			716			744
Income before taxes (ex. intangible amortization and support agreement charges)		248			299			348			454			592			482			496			714			380			388			319
Support agreement charges		—			—			—			3			14			(14	)		381			160			6			(15	)		(19	)
Amortization of intangible assets		3			3			6			6			7			5			6			6			7			9			6
Income before taxes		245			296			342			445			571			491			109			548			367			394			332
Average loans (b)	$	6,881		$	7,645		$	7,996		$	8,719		$	8,967		$	7,284		$	8,538		$	10,376		$	5,743		$	4,744		$	3,727
Average assets	$	37,922		$	40,843		$	44,043		$	48,462		$	52,468		$	54,763		$	57,795		$	71,455		$	65,153		$	58,289		$	59,864
Average deposits	$	34,286		$	37,339		$	38,065		$	42,446		$	46,092		$	48,436		$	51,492		$	64,500		$	57,084		$	50,583		$	52,271
Pre-tax operating margin
GAAP		26	%		28	%		31	%		35	%		43	%		38	%		8	%		35	%		34	%		36	%		31	%
Non-GAAP adjusted(excluding intangible amortization)		26	%		29	%		32	%		36	%		43	%		38	%		9	%(d)		36	%(d)		35	%		37	%		32	%
MEMO:
Market value of securities on loan at period-end(in billions) (c)	$	661		$	678		$	663		$	633		$	660		$	588		$	470		$	326		$	293		$	290		$	299

(a) In the second quarter of 2009, global custodian out-of-pocket expense related to client reimbursement was reclassified from sub-custodian expense to asset servicing revenue. The reclassification totaled $7 million, $9 million, $3 million and $4 million for the first, second, third and fourth quarters of 2007; $4 million, $10 million, $4 million and $4 million for the first, second, third and fourth quarters of 2008; and $- million in the first quarter of 2009.

(b) Loan balances are primarily related to Broker-Dealer Services business within Asset Servicing.

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

(d) Excluding support agreement charges, pre-tax operating margin (Non-GAAP) was 38% in the third quarter of 2008 and 46% in the fourth quarter of 2008.

Page 11 of 19

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESS SEGMENTS

ISSUER SERVICES - 11 Quarter Trend

(dollar amounts in millions unless otherwise noted)	2007												2008												2009
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr (a)			3rd Qtr (a)			4th Qtr (a)			1st Qtr			2nd Qtr			3rd Qtr
Revenue:
Securities servicing fees - Issuer services		371			415			436			438			374			443			475			392			363			373			359
Other fee revenue		37			25			24			19			33			36			54			44			41			37			30
Total fee and other revenue		408			440			460			457			407			479			529			436			404			410			389
Net interest revenue (expense)		125			158			159			175			153			176			170			211			200			185			180
Total revenue		533			598			619			632			560			655			699			647			604			595			569
Provision for credit losses		—			—			—			—			—			—			—			—			—			—			—
Noninterest expenses (ex. intangible amortization)		291			297			291			324			317			348			349			318			297			303			303
Income before taxes (ex. intangible amortization)		242			301			328			308			243			307			350			329			307			292			266
Amortization of intangible assets		17			17			20			21			20			20			21			20			21			20			20
Income before taxes		225			284			308			287			223			287			329			309			286			272			246
Average assets	$	17,848		$	25,619		$	30,771		$	32,729		$	32,227		$	35,167		$	34,264		$	38,987		$	50,855		$	52,152		$	47,966
Average deposits	$	13,574		$	21,392		$	26,186		$	28,293		$	27,632		$	30,557		$	29,546		$	34,294		$	45,963		$	47,293		$	43,183
Pre-tax operating margin
GAAP		42	%		47	%		50	%		45	%		40	%		44	%		47	%		48	%		47	%		46	%		43	%
Non-GAAP adjusted(excluding intangible amortization)		45	%		50	%		53	%		49	%		43	%		47	%		50	%		51	%		51	%		49	%		47	%

(a) The second, third and fourth quarters of 2008 include $22 million, $24 million and $4 million, respectively, of charges for credit monitoring related to lost tapes.

Page 12 of 19

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESS SEGMENTS

CLEARING SERVICES - 11 Quarter Trend

(dollar amounts in millions unless otherwise noted)	2007												2008												2009
	1st Qtr			2nd Qtr			3rd Qtr (a)			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr
Revenue:
Securities servicing fees - Clearing services		224			239			243			249			250			259			254			277			249			248			232
Other fee revenue		31			33			67			44			53			64			63			72			72			66			59
Total fee and other revenue		255			272			310			293			303			323			317			349			321			314			291
Net interest revenue (expense)		74			74			77			78			75			75			75			96			82			87			81
Total revenue		329			346			387			371			378			398			392			445			403			401			372
Provision for credit losses		—			—			—			—			—			—			—			—			—			—			—
Noninterest expenses (ex. intangible amortization)		238			256			269			260			263			291			282			268			252			256			245
Income before taxes (ex. intangible amortization)		91			90			118			111			115			107			110			177			151			145			127
Amortization of intangible assets		6			6			6			6			6			6			8			6			7			7			6
Income before taxes		85			84			112			105			109			101			102			171			144			138			121
Average loans	$	6,668		$	7,195		$	6,847		$	6,660		$	6,629		$	7,263		$	7,384		$	6,735		$	5,927		$	5,918		$	6,058
Average assets	$	14,279		$	14,725		$	15,049		$	15,813		$	16,408		$	17,395		$	18,471		$	21,128		$	18,600		$	17,014		$	17,827
Pre-tax operating margin
GAAP		26	%		24	%		29	%		28	%		29	%		25	%		26	%		38	%		36	%		34	%		33	%
Non-GAAP adjusted(excluding intangible amortization)		28	%		26	%		30	%		30	%		30	%		27	%		28	%		40	%		37	%		36	%		34	%

(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 2009, we moved the financial results of the Execution business from the Clearing Services segment to the Other segment. Historical results have been restated to reflect these changes.

Page 13 of 19

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESS SEGMENTS

TREASURY SERVICES - 11 Quarter Trend

(dollar amounts in millions unless otherwise noted)	2007												2008												2009
	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		110			114			114			118			121			125			125			129			121			128			124
Other fee revenue		103			104			106			123			107			131			138			101			118			67			92
Total fee and other revenue		213			218			220			241			228			256			263			230			239			195			216
Net interest revenue (expense)		138			132			142			164			185			155			159			231			160			156			151
Total revenue		351			350			362			405			413			411			422			461			399			351			367
Provision for credit losses		—			—			—			—			—			—			—			—			—			—			—
Noninterest expenses (ex. intangible amortization)		195			206			196			201			205			203			201			204			195			199			185
Income before taxes (ex. intangible amortization)		156			144			166			204			208			208			221			257			204			152			182
Amortization of intangible assets		—			—			7			7			7			7			6			7			6			7			6
Income before taxes		156			144			159			197			201			201			215			250			198			145			176
Average loans	$	13,094		$	13,408		$	14,064		$	14,693		$	15,690		$	15,938		$	14,995		$	16,353		$	13,921		$	13,228		$	11,648
Average assets	$	19,731		$	20,146		$	21,166		$	21,902		$	24,153		$	21,227		$	22,384		$	34,585		$	28,761		$	24,861		$	24,319
Average deposits	$	16,061		$	16,650		$	17,772		$	18,092		$	20,056		$	17,316		$	18,397		$	30,052		$	24,867		$	20,321		$	19,989
Pre-tax operating margin
GAAP		44	%		41	%		44	%		49	%		49	%		49	%		51	%		54	%		50	%		41	%		48	%
Non-GAAP adjusted(excluding intangible amortization)		44	%		41	%		46	%		50	%		50	%		51	%		52	%		56	%		51	%		43	%		50	%

Page 14 of 19

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESS SEGMENTS

OTHER - 11 Quarter Trend

(dollar amounts in millions unless otherwise noted)	2007												2008												2009
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr (b)			3rd Qtr (b)			4th Qtr (c)			1st Qtr			2nd Qtr			3rd Qtr
Revenue:
Total fee and other revenue (a)		148			127			129			(38	)		20			(116	)		(113	)		(1,031	)		(278	)		(224	)		(4,684	)
Net interest revenue (expense)		(15	)		(25	)		34			26			50			(288	)		(22	)		(3	)		20			4			21
Total revenue		133			102			163			(12	)		70			(404	)		(135	)		(1,034	)		(258	)		(220	)		(4,663	)
Provision for credit losses		(12	)		(18	)		—			20			14			14			22			54			59			61			147
Noninterest expenses (ex. intangible amortization and merger & integration expense)		173			243			157			183			123			147			79			244			130			142			122
Income before taxes and extraordinary (loss) (ex. intangible amortization and merger & integration expense)		(28	)		(123	)		6			(215	)		(67	)		(565	)		(236	)		(1,332	)		(447	)		(423	)		(4,932	)
Amortization of intangible assets		—			1			8			4			4			4			(1	)		(1	)		—			(1	)		1
FDIC special assessment		—			—			—			—			—			—			—			—			—			61			—
Merger & integration expenses		23			163			218			124			126			149			111			97			68			59			54
Income before taxes and extraordinary (loss)		(51	)		(287	)		(220	)		(343	)		(197	)		(718	)		(346	)		(1,428	)		(515	)		(542	)		(4,987	)
Average loans	$	10,249		$	10,121		$	11,029		$	11,251		$	11,348		$	10,332		$	9,287		$	9,553		$	7,979		$	7,455		$	7,092
Average assets	$	40,337		$	42,998		$	46,588		$	47,886		$	49,147		$	41,381		$	40,465		$	52,688		$	32,137		$	32,402		$	32,215
Average deposits	$	12,937		$	13,243		$	16,308		$	17,017		$	15,959		$	14,141		$	12,216		$	11,478		$	10,062		$	6,923		$	6,507

(a) Total fee and other revenue includes investment write-downs of $190 million for the fourth quarter of 2007; $51 million, $151 million, $156 million and $1,176 million for the first, second, third and fourth quarters of 2008; $316 million, $209 million and $4.8 billion in the first, second and third quarters of 2009.

(b) The second and third quarter of 2008 include SILO/LILO charges which reduced net interest revenue by $377 million and $112 million, respectively.

(c) The fourth quarter of 2008 includes a restructuring charge of $181 million.

Notes: 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. During the first quarter of 2009, the financial results of the Execution business have been moved from the Clearing Services segment to the Other segment. On June 30, 2009, we adopted discontinued operations accounting for Mellon United National Bank (MUNB) located in Miami, Florida; previously, the financial results were included in the Other segment. Historical segment results have been restated to reflect all of these changes.

Page 15 of 19

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESS SEGMENTS

(dollar amounts in millions unless otherwise noted)	Asset Management									Wealth Management									Asset Servicing									Issuer Services
	2008			2007			2006			2008			2007			2006			2008			2007			2006			2008			2007			2006
Revenue:
Securities servicing fees
Asset servicing		124			99			72			27			16			10			3,213			2,763			2,246			23			—			—
Issuer services		—			—			—			—			—			—			1			—			—			1,684			1,660			1,091
Clearing services		14			12			9			—			—			—			—			—			29			—			—			7
Total securities servicing fees		138			111			81			27			16			10			3,214			2,763			2,275			1,707			1,660			1,098
Asset and wealth management		2,510			2,724			2,138			563			609			567			—			—			—			—			—			—
Performance fees		83			171			393			—			—			—			—			—			—			—			—			—
Foreign exchange & other trading		20			14			9			14			3			—			1,051			604			471			72			37			28
Treasury services		—			—			—			3			3			—			8			11			8			1			—			—
Distribution and service fees		371			357			278			4			1			4			10			2			—			—			1			—
Financing-related fees		10			8			—			4			8			8			14			40			54			—			—			—
Investment Income		(82	)		(10	)		19			—			—			—			—			—			—			—			—			—
Other		(178	)		(77	)		(39	)		9			(9	)		(2	)		130			170			114			71			66			37
Total fee revenue		2,872			3,298			2,879			624			631			587			4,427			3,590			2,922			1,851			1,764			1,163
Securities gains (losses)		(78	)		(9	)		—			—			—			—			(11	)		—			—			—			1			—
Total fee and other revenue		2,794			3,289			2,879			624			631			587			4,416			3,590			2,922			1,851			1,765			1,163
Net interest revenue (expense)		75			5			1			200			170			174			1,086			755			573			710			617			334
Total revenue		2,869			3,294			2,880			824			801			761			5,502			4,345			3,495			2,561			2,382			1,497
Provision for credit losses		—			—			—			—			—			—			—			—			—			—			—			—
Noninterest expenses (ex. M&I expenses and intangible amortization)		2,386			2,158			1,891			580			558			532			3,759			2,999			2,647			1,332			1,203			835
Income before taxes and extraordinary (loss) (ex. M&I expenses and intangible amortization)		483			1,136			989			244			243			229			1,743			1,346			848			1,229			1,179			662
Amortization of intangible assets		255			166			32			54			29			—			24			18			35			81			75			18
Merger & integration expense		—			—			—			—			—			—			—			—			—			—			—			—
Income before taxes, noncontrolling interest and extraordinary (loss)		228			970			957			190			214			229			1,719			1,328			813			1,148			1,104			644
Average loans	$	—		$	—		$	—		$	4,938		$	4,089		$	3,825		$	8,795		$	7,810		$	5,853		$	—		$	—		$	—
Average assets	$	13,267		$	9,413		$	3,571		$	10,044		$	8,387		$	6,444		$	59,150		$	42,818		$	35,377		$	35,169		$	26,742		$	11,083
Average deposits	$	—		$	—		$	—		$	7,554		$	6,950		$	6,040		$	52,659		$	38,034		$	31,163		$	30,515		$	22,361		$	8,871
Market value of assets under management at period-end(in billions)	$	862		$	1,044		$	934		$	66		$	77		$	77		$	—		$	—		$	—		$	—		$	—		$	—
Market value of assets under custody and administration at period-end(in billions)	$	3		$	4		$	3		$	70		$	85		$	71		$	20,086		$	22,988		$	19,906		$	—		$	—		$	—
Market value of securities on loan at period-end(in billions)	$	—		$	—		$	—		$	—		$	—		$	—		$	325		$	633		$	607		$	—		$	—		$	—
Pre-tax operating margin - GAAP		8	%		29	%		33	%		23	%		27	%		30	%		31	%		31	%		23	%		45	%		46	%		43	%
Pre-tax operating margin (ex. intangible amortization) - Non-GAAP		17	%		34	%		34	%		30	%		30	%		30	%		32	%		31	%		24	%		48	%		49	%		44	%
Pre-tax operating margin - Non-GAAP(a)		30	%		34	%		34	%		31	%		30	%		30	%		42	%		31	%		24	%		48	%		49	%		44	%

(a) Excludes M&I expenses, the SILO/LILO/tax settlements, support agreement charges, restructuring charges, investment write-downs and intangible amortization expense.

Note: See pages 9-15 for details of revenue/expense items impacting respective segment results.

Page 16 of 19

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESS SEGMENTS

(dollar amounts in millions unless otherwise noted)	Clearing Services									Treasury Services									Other									Consolidated Results
	2008			2007			2006			2008			2007			2006			2008			2007			2006 (b)			2008			2007			2006(b)
Revenue:
Securities servicing fees
Asset servicing		—			—			—			6			13			—			(23	)		(2	)		1			3,370			2,889			2,329
Issuer services		—			—			—			—			—			—			—			—			—			1,685			1,660			1,091
Clearing services		1,040			955			825			—			—			—			11			205			2			1,065			1,172			872
Total securities servicing fees		1,040			955			825			6			13			—			(12	)		203			3			6,120			5,721			4,292
Asset and wealth management		41			46			37			—			—			—			21			19			5			3,135			3,398			2,747
Performance fees		—			—			—			—			—			—			—			—			—			83			171			393
Foreign exchange & other trading		108			51			42			253			167			105			(56	)		25			12			1,462			901			667
Treasury services		—			—			—			500			456			450			2			9			22			514			479			480
Distribution and service fees		—			—			—			41			14			4			(5	)		—			(2	)		421			375			284
Financing-related fees		2			2			—			160			176			211			(4	)		1			22			186			235			295
Investment Income		—			—			—			50			12			50			239			215			569			207			217			638
Other		101			76			78			(30	)		54			35			111			83			120			214			363			343
Total fee revenue		1,292			1,130			982			980			892			855			296			555			751			12,342			11,860			10,139
Securities gains (losses)		—			—			—			(3	)		—			—			(1,536	)		(189	)		5			(1,628	)		(197	)		5
Total fee and other revenue		1,292			1,130			982			977			892			855			(1,240	)		366			756			10,714			11,663			10,144
Net interest revenue (expense)		321			303			278			730			576			493			(263	)		20			128			2,859			2,446			1,981
Total revenue		1,613			1,433			1,260			1,707			1,468			1,348			(1,503	)		386			884			13,573			14,109			12,125
Provision for credit losses		—			—			(4	)		—			—			5			104			(10	)		(19	)		104			(10	)		(18	)
Noninterest expenses (ex. M&I expenses and intangible amortization)		1,104			1,023			910			813			798			804			593			756			849			10,567			9,495			8,468
Income before taxes and extraordinary (loss) (ex. M&I expenses and intangible amortization)		509			410			354			894			670			539			(2,200	)		(360	)		54			2,902			4,624			3,675
Amortization of intangible assets		26			24			21			27			14			1			6			13			13			473			339			120
Merger & integration expense		—			—			—			—			—			—			483			528			117			483			528			117
Income before taxes, noncontrolling interest and extraordinary (loss)		483			386			333			867			656			538			(2,689	)		(901	)		(76	)		1,946			3,757			3,438
Average loans	$	7,003		$	6,843		$	6,692		$	15,744		$	13,815		$	13,187		$	10,126		$	10,663		$	9,966		$	46,606		$	43,219		$	39,523
Average assets	$	18,358		$	14,967		$	16,436		$	25,603		$	20,736		$	21,404		$	45,791		$	44,452		$	51,044		$	207,383		$	167,514		$	145,358
Average deposits	$	—		$	—		$	—		$	21,470		$	17,144		$	17,088		$	13,441		$	14,876		$	17,096		$	125,640		$	99,365		$	80,258
Market value of assets under management at period-end(in billions)	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	928		$	1,121		$	1,011
Market value of assets under custody and administration at period-end(in billions)	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	20,159		$	23,077		$	19,980
Market value of securities on loan at period-end(in billions)	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	325		$	633		$	607
Pre-tax operating margin - GAAP		30	%		27	%		26	%		51	%		45	%		40	%		n/m			n/m			n/m			14	%		27	%		28	%
Pre-tax operating margin (ex. intangible amortization) - Non-GAAP		32	%		29	%		28	%		52	%		46	%		40	%		n/m			n/m			n/m			18	%		29	%		29	%
Pre-tax operating margin - Non-GAAP(a)		32	%		29	%		28	%		52	%		46	%		40	%		n/m			n/m			n/m			39	%		35	%		30	%
MEMO:
Securities lending revenue																													789			441			290

(a) Excludes M&I expenses, the SILO/LILO/tax settlements, support agreement charges, restructuring charges, investment write-downs and intangible amortization expense.

(b) 2006 results have not been restated for MUNB discontinued operations accounting.

Note: See pages 9-15 for details of revenue/expense items impacting respective segment 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)	2007												2008													2009
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr				4th Qtr			1st Qtr			2nd Qtr			3rd Qtr
Loans:
Commercial real estate	$	1		$	1		$	—		$	40		$	49		$	106		$	118			$	124		$	190		$	58		$	58
Other residential mortgages		4			5			11			20			33			55			75				99			151			170			191
Commercial		15			16			18			39			50			52			65				60			65			82			251
Wealth Management		—			—			—			—			—			—			—				1			4			61			55
Foreign		9			6			6			87			78			60			1				—			2			1			—
Lease finance assets		1			1			—			—			—			—			—				—			—			—			—
Total nonperforming loans		30			29			35			186			210			273			259				284			412			372			555
Other assets owned		2			1			2			4			5			6			8				8			9			6			5
Total acquired property		—			—			—			—			—			—			—		��		—			—			—			—
Total     nonperforming     assets (a)	$	32		$	30		$	37		$	190		$	215		$	279		$	267			$	292		$	421		$	378		$	560
Nonperforming assets ratio		0.1	%		0.1	%		0.1	%		0.4	%		0.4	%		0.6	%		0.4	%			0.7	%		1.0	%		1.0	%		1.5	%
Allowance for loan losses/nonperforming loans		1,140.0			1,124.1			948.6			175.8			149.5			129.3			140.9				146.1			114.1			116.7			82.2
Allowance for loan losses/nonperforming assets		1,068.8			1,086.7			897.3			172.1			146.0			126.5			136.7				142.1			111.6			114.8			81.4
Total allowance for credit losses/nonperforming loans		1,893.3			1,879.3			1,457.1			265.6			231.9			178.0			190.7				186.3			135.7			141.4			107.4
Total allowance for credit losses/nonperforming assets		1,775.0			1,816.7			1,378.4			260.0			226.5			174.2			185.0				181.2			132.8			139.2			106.4

(a) Nonperforming assets at June 30, 2009 and September 30, 2009 excludes discontinued operations. Nonperforming assets for all prior periods includes discontinued operations.

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

	2007												2008												2009
(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	$	343		$	342		$	326		$	332		$	327		$	314		$	353		$	365		$	415		$	470		$	434
Allowance for lending-related commitments		234			226			219			178			167			173			133			129			114			89			92
Allowance at beginning of period		577			568			545			510			494			487			486			494			529			559			526
Net (charge-offs)/recoveries
Charge-offs		(5	)		—			(37	)		(37	)		(14	)		(14	)		(27	)		(27	)		(51	)		(54	)		(77	)
Recoveries		8			5			2			1			1			1			5			2			1			—			—
Total Net (charge-offs)/ recoveries		3			5			(35	)		(36	)		(13	)		(13	)		(22	)		(25	)		(50	)		(54	)		(77	)
Provision for credit losses(a)		(12	)		(18	)		—			20			16			25			30			60			80			61			147
Impact of Merger		—			(10	)		—			—			—			—			—			—			—			—			—
Transfer to Discontinued Operations		—			—			—			—			—			—			—			—			—			(40	)		—
Sale of Mellon 1st Business Bank		—			—			—			—			—			(13	)		—			—			—			—			—
SFAS 159 Adoption		—			—			—			—			(10	)		—			—			—			—			—			—
Allowance at end of period		568			545			510			494			487			486			494			529			559			526			596
Allowance for loan losses	$	342		$	326		$	332		$	327		$	314		$	353		$	365		$	415		$	470		$	434		$	456
Allowance for lending related-commitments		226			219			178			167			173			133			129			114			89			92			140
Allowance at end of period(a)		568			545			510			494			487			486			494			529			559			526			596
Allowance for loan losses as a percentage of total loans(b)		0.77	%		0.72	%		0.65	%		0.64	%		0.60	%		0.70	%		0.62	%		0.96	%		1.13	%		1.14	%		1.26	%

(a) The allowance and provision for credit losses for the periods from the first quarter 2007 through the first quarter 2009 exclude discontinued operations.

(b) Excluding purchase accounting adjustments.

Page 19 of 19