The Bank of New York Mellon Corporation (BK) 10-Q 6 Nov 09 2009 Q3 Quarterly report Financial data

Statement Of Income Interest Ba

Statement Of Income Interest Based Revenue (USD $)
In Millions, except Share data in Thousands	3 Months Ended Sep. 30, 2009		3 Months Ended Jun. 30, 2009		3 Months Ended Sep. 30, 2008		9 Months Ended Sep. 30, 2009		9 Months Ended Sep. 30, 2008
Securities servicing fees:
Asset servicing	$643		$671		$808	[5]	$1,923		$2,584	[5]
Issuer services	359		372		477		1,095		1,297
Clearing services	236		250		259		739		786
Total securities servicing fees	1,238		1,293		1,544		3,757		4,667
Asset and wealth management fees	650		637		795		1,903		2,517
Foreign exchange and other trading activities	246		237		385		790		952
Treasury services	128		132		129		385		382
Distribution and servicing	94		107		107		312		315
Financing-related fees	56		54		44		158		142
Investment income	121		44		47		148		162
Other	84		9		37		108		147
Total fee revenue	2,617		2,513		3,088		7,561		9,284
Securities losses - other-than-temporary-impairment	(4,926)		(680)		(162)		(5,540)		(387)
Noncredit-related losses on securities not expected to be sold (recognized in OCI)	93		424		0		156		0
Net securities losses	(4,833)		(256)		(162)		(5,384)		(387)
Total fee and other revenue	(2,216)		2,257		2,926		2,177		8,897
Net interest revenue
Interest revenue	829		845		1,312		2,653		3,999
Interest expense	113		145		631		462		2,187
Net interest revenue	716		700		681		2,191		1,812
Provision for credit losses	147		61		23		267		50
Net interest revenue after provision for credit losses	569		639		658		1,924		1,762
Noninterest expense
Staff	1,157		1,153		1,248	[4]	3,479		4,009	[4]
Professional, legal and other purchased services	265		237		251	[4]	739		748	[4]
Net occupancy	142		142		163		423		429
Distribution and servicing	104		106		133		317		394
Software	95		93		78		269		245
Sub-custodian and clearing	80		91		84	[5]	237		251	[5]
Furniture and equipment	76		76		80		229		237
Business development	45		49		62		138		202
Other	201		263		991	[6]	639		1,403	[6]
Subtotal	2,165		2,210		3,090		6,470		7,918
Amortization of intangible assets	104		108		118		319		360
Restructuring charges	(5)		6		0		11		0
Merger and integration expenses:
The Bank of New York Mellon Corporation	54		59		107		181		374
Acquired Corporate Trust Business	0		0		4		0		12
Total noninterest expense	2,318		2,383		3,319		6,981		8,664
Income
Income (loss) from continuing operations before income taxes	(3,965)		513		265		(2,880)		1,995
Provision (benefit) for income taxes	(1,527)		12		(42)		(1,354)		628
Income (loss) from continuing operations	(2,438)		501		307		(1,526)		1,367
Discontinued operations:
Income (loss) from discontinued operations	(29)		(144)		1		(238)		21
Provision (benefit) for income taxes	(10)		(53)		1		(87)		11
Income (loss) from discontinued operations, net of tax	(19)		(91)		0		(151)		10
Net income (loss)	(2,457)		410		307		(1,677)		1,377
Net (income) loss attributable to noncontrolling interest, net of tax	(1)		2		(4)		0		(19)
Redemption charge and preferred dividends	0		(236)		0		(283)		0
Net income (loss) applicable to common shareholders of The Bank of New York Mellon Corporation	(2,458)		176		303		(1,960)		1,358
Basic:
Income (loss) from continuing operations	-2.04		0.23		0.26		-1.54		1.17
Income (loss) from discontinued operations, net of tax	-0.02		-0.08		$0		-0.13		0.01
Net income applicable to common stock	-2.05	[1],[3]	0.15	[1]	0.26	[1]	-1.67	[1]	1.18	[1]
Diluted:
Income (loss) from continuing operations	-2.04	[2]	0.23	[2]	0.26	[2]	-1.54	[2]	1.16	[2]
Income (loss) from discontinued operations, net of tax	-0.02	[2]	-0.08	[2]	$0	[2]	-0.13	[2]	0.01	[2]
Net income (loss) applicable to common stock	-2.05	[1],[2],[3]	0.15	[1],[2]	0.26	[1],[2]	-1.67	[1],[2]	1.17	[1],[2]
Average common shares and equivalents outstandings
Basic	1,197,414		1,171,081		1,143,445		1,171,675		1,141,424
Common stock equivalents	0		9,636		8,024		0		11,021
Participating securities	0		(6,251)		(3,883)		0		(4,043)
Diluted	1,197,414	[2]	1,174,466		1,147,586		1,171,675	[2]	1,148,402
Anti-dilutive securities	95,585	[7]	102,593	[7]	84,480	[7]	101,712	[7]	79,767	[7]
Reconciliation of net income (loss) from continuing operations applicable to the common shareholders of The Bank of New York Mellon Corporation
Income (loss) from continuing operations	(2,438)		501		307		(1,526)		1,367
Net (income) loss attributable to noncontrolling interest, net of tax	(1)		2		(4)		0		(19)
Redemption charge and preferred dividends	0		(236)		0		(283)		0
Income (loss) from continuing operations applicable to common shareholders of The Bank of New York Mellon Corporation, net of tax	(2,439)		267		303		(1,809)		1,348
Income (loss) from discontinued operations, net of tax	(19)		(91)		0		(151)		10
Net income (loss) applicable to common shareholders of The Bank of New York Mellon Corporation	($2,458)		$176		$303		($1,960)		$1,358
[1]Basic and diluted earnings per share under the two-class method were calculated after deducting earnings allocated to participating securities of $- million in the third quarter of 2009, $1.7 million in the second quarter of 2009, $2.0 million in the third quarter of 2008, $- million in the first nine months of 2009 and $9.9 million in the first nine months of 2008.
[2]Diluted earnings per share for the three and nine months ended Sept. 30, 2009, was calculated using average basic shares. Adding back the dilutive shares would result in anti-dilution.
[3]Does not foot due to rounding.
[4]In the second quarter of 2009, certain temporary/consulting expenses were reclassified from professional, legal and other purchased services to staff expense. This reclassification totaled $35 million in the third quarter of 2008 and $67 million in the first nine months of 2008.
[5]In the second quarter of 2009, global sub-custodian out-of-pocket expense related to client reimbursements was reclassified from sub-custodian expense to asset servicing revenue. This reclassification totaled $4 million in the third quarter of 2008 and $18 million in the first nine months of 2008.
[6]Includes support agreement charges of $726 million in the third quarter of 2008 and $731 million in the first nine months of 2008.
[7]Represents stock options, restricted stock, restricted stock units, participating securities and warrants outstanding but not included in the computation of diluted average common shares because their effect would be anti-dilutive.

Statement Of Financial Position

Statement Of Financial Position Unclassified - Deposit Based Operations (USD $)
In Millions	Sep. 30, 2009	Dec. 31, 2008
Cash and due from:
Banks	$3,308	$4,881
Federal Reserve and other central banks (includes $14,981 and $53,270 of interest-bearing deposits)	15,031	53,278
Other short-term investments - U.S. government-backed commercial paper, at fair value	0	5,629
Interest-bearing deposits with banks	49,349	39,126
Federal funds sold and securities purchased under resale agreements	3,908	2,000
Securities:
Held-to-maturity (fair value of $6,071 and $6,333)	6,318	7,371
Available-for-sale	48,032	32,064
Total securities	54,350	39,435
Trading assets	7,952	11,102
Loans	36,269	43,394
Allowance for loan losses	(456)	(415)
Net loans	35,813	42,979
Premises and equipment	1,682	1,686
Accrued interest receivable	699	619
Goodwill	16,022	15,898
Intangible assets	5,574	5,856
Other assets (includes $349 and $1,870 at fair value)	16,294	15,023
Assets of discontinued operations	2,025	0
Total assets	212,007	237,512
Deposits:
Noninterest-bearing (principally domestic offices)	30,767	55,816
Interest-bearing deposits in domestic offices	29,036	32,386
Interest-bearing deposits in foreign offices	74,133	71,471
Total deposits	133,936	159,673
Borrowing from Federal Reserve related to asset-backed commercial paper, at fair value	0	5,591
Federal funds purchased and securities sold under repurchase agreements	2,553	1,372
Trading liabilities	7,824	8,085
Payables to customers and broker-dealers	10,458	9,274
Commercial paper	163	138
Other borrowed funds	1,280	755
Accrued taxes and other expenses	3,855	4,052
Other liabilities (including allowance for lending related commitments of $140 and $114, also includes $339 and $721 at fair value)	4,572	4,618
Long-term debt	17,486	15,865
Liabilities of discontinued operations	1,564	0
Total liabilities	183,691	209,423
Equity
Preferred stock - par value $0.01 per share; authorized 100,000,000 shares; issued - shares and 3,000,000 shares	0	2,786
Common stock - par value $0.01 per common share; authorized 3,500,000,000 common shares; issued 1,205,154,635 and 1,148,507,561 common shares	12	11
Additional paid-in capital	21,794	20,432
Retained earnings	8,462	10,250
Accumulated other comprehensive loss, net of tax	(1,947)	(5,426)
Less: Treasury stock of 910,677 and 40,262 common shares, at cost	(26)	(3)
Total The Bank of New York Mellon Corporation shareholders' equity	28,295	28,050
Noncontrolling interest	21	39
Total equity	28,316	28,089
Total liabilities and equity	$212,007	$237,512

1_Statement Of Financial Positi

Statement Of Financial Position Unclassified - Deposit Based Operations (Parenthetical) (USD $)
In Millions, except Share data	Sep. 30, 2009	Dec. 31, 2008
Federal Reserve and other central banks, interest-bearing deposits	$14,981	$53,270
Held-to-maturity, fair value	6,071	6,333
Other assets, fair value	349	1,870
Other liabilities, allowance for lending related commitments	140	114
Other liabilities, fair value	$339	$721
Preferred stock, par value	0.01	0.01
Preferred stock, authorized	100,000,000	100,000,000
Preferred stock, issued	0	3,000,000
Common stock, par value	0.01	0.01
Common stock, authorized	3,500,000,000	3,500,000,000
Common stock, issued	1,205,154,635	1,148,507,561
Treasury stock, common shares	910,677	40,262

Statement Of Cash Flows Indirec

Statement Of Cash Flows Indirect Deposit Based Operations (USD $)
In Millions	3 Months Ended Sep. 30, 2009		3 Months Ended Sep. 30, 2008	9 Months Ended Sep. 30, 2009		9 Months Ended Sep. 30, 2008
Operating activities
Net income (loss)	($2,457)		$307	($1,677)		$1,377
Net (income) loss attributable to noncontrolling interest, net of tax	(1)		(4)	0		(19)
Income (loss) from discontinued operations, net of tax	(19)		0	(151)		10
Income (loss) from continuing operations attributable to The Bank of New York Mellon Corporation				(1,526)		1,348
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Provision for credit losses	147		23	267		50
Depreciation and amortization				520		691
Deferred tax benefit				(1,926)		(427)
Securities losses and venture capital income				5,405		373
Change in trading activities				(835)		(700)
Change in accruals and other, net				686		176
Net effect of discontinued operations				(73)		22
Net cash provided by operating activities				2,518		1,533
Investing activities
Change in interest-bearing deposits with banks				(2,435)		(30,233)
Change in interest-bearing deposits with Federal Reserve and other central banks				38,289		0
Change in margin loans				(2)		(254)
Purchases of securities held-to-maturity				(108)		0
Paydowns of securities held-to-maturity				523		163
Maturities of securities held-to-maturity				240		155
Purchases of securities available-for-sale				(21,762)		(7,625)
Sales of securities available-for-sale				184		269
Paydowns of securities available-for-sale				5,037		3,985
Maturities of securities available-for-sale				1,343		5,018
Net principal received from (disbursed to) loans to customers				4,982		(8,931)
Sales of loans and other real estate				862		85
Change in federal funds sold and securities purchased under resale agreements				(1,918)		335
Change in seed capital investments				(38)		(157)
Purchases of premises and equipment/capitalized software				(282)		(210)
Acquisitions, net cash				(11)		(478)
Dispositions, net cash				0		310
Proceeds from the sale of premises and equipment				3		35
Other, net				(394)		(210)
Net effect of discontinued operations				287		135
Net cash provided by (used for) investing activities				24,800		(37,608)
Financing activities
Change in deposits				(26,151)		60,596
Change in federal funds purchased and securities sold under repurchase agreements				1,563		4,353
Change in payables to customers and broker-dealers				1,184		3,393
Change in other funds borrowed				(4,385)		12,920
Change in commercial paper				25		(4,036)
Net proceeds from the issuance of long-term debt				2,100		2,647
Repayments of long-term debt				(558)		(3,826)
Proceeds from the exercise of stock options				12		180
Issuance of common stock				1,366		31
Tax benefit realized on share-based payment awards				0		12
Treasury stock acquired				(26)		(307)
Common cash dividends paid				(490)		(830)
Repurchase of Series B preferred stock				(3,000)		0
Preferred dividends paid				(74)		0
Repurchase of common stock warrants				(136)		0
Net effect of discontinued operations				(239)		(157)
Net cash (used for) provided by financing activities				(28,809)		74,976
Effect of exchange rate changes on cash				(40)		(197)
Change in cash and due from banks
Change in cash and due from banks				(1,531)		38,704
Cash and due from banks at beginning of period				4,889		6,635
Cash and due from banks at end of period	3,358	[1]	45,339	3,358	[1]	45,339
Supplemental disclosures
Interest paid				478		2,185
Income taxes paid				2,240		2,174
Income taxes refunded				$58		$54
[1]Includes $50 million of cash at the Federal Reserve Bank.

Statement Of Shareholders Equit

Statement Of Shareholders Equity And Other Comprehensive Income (USD $)
In Millions	Preferred stock	Common stock	Additional paid-in capital	Retained earnings	Accumulated other comprehensive income (loss), net of tax	Treasury stock	Non-controlling interest	Total
Beginning Balance at Dec. 31, 2008	$2,786	$11	$20,432	$10,250	($5,426)	($3)	$39	$28,089
Adjustment for the cumulative effect of applying ASC 320, net of tax				676	(676)			0
Adjusted Beginning Balance	2,786	11	20,432	10,926	(6,102)	(3)	39	28,089
Purchase of subsidiary shares from noncontrolling interest			(74)				(11)	(85)
Distributions paid to noncontrolling interest							(10)	(10)
Comprehensive income:
Net loss				(1,677)				(1,677)
Other comprehensive income:
Unrealized gain (loss) on securities available for sale					523		4	527
Employee benefit plans:
Pensions					64			64
Other post-retirement benefits					(19)			(19)
Foreign currency translation adjustments					255		(1)	254
Net unrealized gain (loss) on cash flow hedges					(14)			(14)
Reclassification adjustment/other					3,346			3,346	[2]
Total comprehensive income				(1,677)	4,155		3	2,481	[1]
Dividends on common stock at $0.42 per share				(490)				(490)
Dividends on preferred stock at $24.58 per share				(69)				(69)
Repurchase of common stock						(26)		(26)
Repurchase of Series B preferred stock	(3,000)							(3,000)
Repurchase of common stock warrant			(136)					(136)
Common stock issued in public offering		1	1,346					1,347
Common stock issued under employee benefit plans			40			2		42
Common stock issued under direct stock purchase and dividend reinvestment plan			16					16
Amortization of preferred stock discount and redemption charge	214			(214)				0
Stock awards and options exercised			170			1		171
Other				(14)				(14)
Ending Balance at Sep. 30, 2009	$0	$12	$21,794	$8,462	($1,947)	($26)	$21	$28,316
[1]Comprehensive income attributable to The Bank of New York Mellon Corporation shareholders for the nine months ended Sept. 30, 2009 and 2008 was $2,481 million and a loss of $1,183 million, respectively.
[2]Includes $3,379 million (after-tax) related to OTTI.

2_Statement Of Shareholders Equ

Statement Of Shareholders Equity And Other Comprehensive Income (Parenthetical) (USD $)
	9 Months Ended Sep. 30, 2009
Dividends on common stock, per share	0.42
Dividends on preferred stock, per share	24.58

Note 1 - Basis of presentation

Note 1 - Basis of presentation
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 1 - Basis of presentation	Note 1 Basis of presentation The accounting and financial reporting policies of The Bank of New York Mellon Corporation, a global financial services company, conform to U.S. generally accepted accounting principles (GAAP) and prevailing industry practices. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates based upon assumptions about future economic and market conditions that affect reported amounts and related disclosures in our financial statements. Although our current estimates contemplate current conditions and how we expect them to change in the future, it is reasonably possible that in the near term, actual conditions could be worse than anticipated in those estimates, which could materially affect our results of operations and financial condition. Amounts subject to significant estimates are items such as the allowance for loan losses and lending-related commitments, goodwill and intangible assets, pension and post-retirement obligations, the fair value of financial instruments and other-than-temporary impairments. Among other effects, such changes could result in future impairments of investment securities, goodwill and intangible assets and establishment of allowances for loan losses and lending-related commitments as well as increased pension and post-retirement expense. The accompanying consolidated financial statements are unaudited. In the opinion of management, all adjustments necessary for a fair presentation of financial position, results of operations and cash flows for the interim periods have been made. Certain other immaterial reclassifications have been made to prior periods to place them on a basis comparable with current period presentation. We have evaluated events occurring subsequent to Sept. 30, 2009 for potential recognition or disclosure in the consolidated financial statements through Nov. 6, 2009.

Note 2 - Accounting changes and

Note 2 - Accounting changes and new accounting guidance
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 2 - Accounting changes and new accounting guidance	Note 2 Accounting changes and new accounting guidance Noncontrolling Interests and Selected Implementation Questions In December 2007, the FASB issued new guidance on noncontrolling interests included in ASC 810 Consolidation. This amends previous guidance to establish accounting and reporting standards for the noncontrolling interest in a subsidiary (i.e., minority interest) and for the deconsolidation of a subsidiary. This guidance applies to all entities that prepare consolidated financial statements. This guidance clarifies that a noncontrolling interest in a subsidiary is part of the equity of the controlling group and is reported on the balance sheet within the equity section separately from BNY Mellons equity as a distinct item. The equity section of the balance sheet is required to present equity attributable to both controlling and noncontrolling interests. The carrying amount of the noncontrolling interest is adjusted to reflect the change in ownership interest, and any difference between the amount by which the noncontrolling interests are adjusted and the fair value of the consideration paid or received is recognized directly in equity attributable to the noncontrolling interest (i.e., as additional paid in capital). Any transaction that results in the loss of control of a subsidiary is considered a remeasurement event with any retained interest remeasured at fair value. The gain or loss recognized in income includes both the realized gain or loss related to the portion of the ownership interest sold and the gain or loss on the remeasurement to fair value of the retained interest. We adopted this guidance on Jan. 1, 2009. As a result, effective Jan. 1, 2009, we reclassified $39 million of minority interest from liabilities to equity on our balance sheet. Net income attributable to noncontrolling interests was $1 million in the third quarter of 2009. There was no net income or loss related to noncontrolling interests for the nine months ended Sept. 30, 2009. In the second quarter of 2009, net loss related to the noncontrolling interests was $2 million. Net income attributable to noncontrolling interests was $4 million in the third quarter of 2008 and $19 million for the nine months ended Sept. 30, 2008. Business Combinations In December 2007, the FASB issued new guidance on business combinations included in ASC 805 Business Combinations. This guidance requires all acquisitions of businesses to be measured at the fair value of the net assets acquired rather than the cost allocation process specified in previous guidance. The adoption of this guidance did not have a significant impact on our financial position or results of operations. However, any business combination entered into beginning in 2009 may significantly impact our financial position and results of operations compared with how it would have been recorded under prior GAAP. Earnings volatility could result, depending on the terms of the acquisition. This statement requires transaction costs, such as legal, investment banking, and due diligence costs, to be expensed as incurred and requires earn out contingencies to be measured at fair value. The accounting

Note 3 - Acquisitions and dispo

Note 3 - Acquisitions and dispositions
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 3 - Acquisitions and dispositions	Note 3 Acquisitions and dispositions There were no material acquisitions or dispositions completed in the third quarter of 2009. In July 2009, we reached an agreement to sell MUNB, our national bank subsidiary located in Florida, to Banco Sabadell of Spain. The transaction is subject to regulatory approvals and is expected to close in the first quarter of 2010. We frequently structure our acquisitions with both an initial payment and later contingent payments tied to post-closing revenue or income growth. For acquisitions completed prior to Jan. 1, 2009, we record the fair value of contingent payments as an additional cost of the entity acquired in the period that the payment becomes probable. For acquisitions completed after Jan. 1, 2009, subsequent changes in the fair value of a contingent consideration liability will be recorded through the income statement. Contingent payments totaled $1 million in the third quarter of 2009 and $25 million in the first nine months of 2009. At Sept. 30, 2009, we were potentially obligated to pay additional consideration which, using reasonable assumptions for the performance of the acquired companies and joint ventures based on contractual agreements, could range from approximately $75 million to $145 million over the next four years. None of the potential contingent additional consideration was recorded as goodwill at Sept. 30, 2009. Acquisitions in 2008 In January 2008, we acquired ARX Capital Management (ARX). ARX is a leading independent asset management business, headquartered in Rio de Janeiro, Brazil, specializing in Brazilian multi-strategy, long/short and long only investment strategies. The impact of this acquisition was not material to earnings per share. On Dec. 31, 2008, we acquired the Australian (Ankura Capital) and U.K. (Blackfriars Asset Management) businesses from our Asset Management joint venture with WestLB. The impact of this acquisition was not material to earnings per share. Dispositions in 2008 In February 2008, we sold our B-Trade and G-Trade execution businesses to BNY ConvergEx Group. These businesses were sold at book value. On March31, 2008, we sold a portion of the Estabrook Capital Management business which reduced our AUM by $2.4 billion. We retained approximately 30% of the AUM which are primarily managed by the Wealth Management segment. In June 2008, we sold Mellon 1st Business Bank, based in Los Angeles, California. The sale reduced loan and deposit levels by $1.1 billion and $2.8 billion, respectively. There was no gain or loss recorded on this transaction. On Oct. 1, 2008, we sold the assets of Gannett Welsh Kotler, an investment management subsidiary with approximately $8 billion in AUM.

Note 4 - Discontinued operation

Note 4 - Discontinued operations
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 4 - Discontinued operations	Note 4 Discontinued operations In July 2009, BNY Mellon reached an agreement to sell MUNB, our national bank subsidiary located in Florida. As a result, we applied discontinued operations accounting to this business and the income statements for all periods in this Form 10-Q have been restated. This business, which was previously reported in the Other segment, no longer fits our strategic focus on our asset management and securities servicing businesses. Results for discontinued operations in the third quarter of 2009 were a loss of $19 million primarily related to additional provision for credit losses resulting from the further deterioration of the South Florida real estate market. In the second quarter of 2009, we recorded a pre-tax loss on sale of $85 million, primarily attributable to the elimination of $82 million of goodwill. Summarized financial information for discontinued operations is as follows: Discontinued operations assets and liabilities (a) (in millions) Sept.30, 2009 Cash and due from banks $ 36 Federal funds sold and securities repurchased under resale agreements 10 Securities 510 Loans 1,548 Allowance for loan losses (103 ) Net loans 1,445 Premises and equipment 12 Other assets 12 Assets of discontinued operations $ 2,025 Deposits: Noninterest-bearing $ 525 Interest-bearing 910 Total deposits 1,435 Other liabilities 129 Liabilities of discontinued operations $ 1,564 (a) Prior period balance sheets, in accordance with GAAP, were not restated for discontinued operations. Discontinued operations Quarter ended Ninemonthsended (in millions) Sept.30, 2009 June30, 2009 Sept.30, 2008 Sept.30, 2009 Sept.30, 2008 Fee and other revenue $ 2 $ 1 $ (1 ) $ 5 $ 20 Net interest revenue 14 16 22 47 69 Provision for credit losses 25 62 7 108 21 Net interest revenue after provision for credit losses (11 ) (46 ) 15 (61 ) 48 Noninterest expense: Staff 13 6 7 25 20 Professional, legal and other purchased services 1 1 2 3 8 Net occupancy 1 2 1 4 4 Other 5 5 3 15 15 Goodwill impairment - - - 50 - Total noninterest expense 20 14 13 97 47 Income (loss) from operations of discontinued operations (29 ) (59 ) 1 (153 ) 21 Loss on sale - (85 ) - (85 ) - Provision (benefit) for income taxes (10 ) (53 ) 1 (87 ) 11 Income (loss) from discontinued operations, net of tax $ (19 ) $ (91 ) $ - $ (151 ) $ 10 All information in these Financial Statements and Notes reflects continuing operations, unless otherwise noted.

Note 5 - Securities

Note 5 - Securities
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 5 - Securities	Note 5 Securities The following tables set forth the amortized cost and the fair values of securities at Sept. 30, 2009 and Dec. 31, 2008. Securities at Sept. 30, 2009 Amortized cost Grossunrealized Fair value (in millions) Gains Losses Available-for-sale: U.S. Government obligations $ 5,056 $ 50 $ - $ 5,106 U.S. Government agencies 1,241 32 - 1,273 Obligations of states and political subdivisions 556 12 16 552 Agency RMBS 15,998 369 64 16,303 Alt-A RMBS 2,931 - 68 2,863 Prime RMBS 4,125 2 235 3,892 Subprime RMBS 1,108 - 354 754 Other RMBS 2,600 2 536 2,066 Commercial MBS 3,116 26 279 2,863 Asset-backed CDOs 417 2 61 358 Other asset-backed securities 1,216 99 184 1,131 Other debt securities 9,275 85 47 9,313 (a) Equity securities 1,549 10 1 1,558 Total securities available-for-sale 49,188 689 1,845 48,032 Held-to-maturity: Obligations of states and political subdivisions 163 5 - 168 Agency RMBS 562 33 - 595 Alt-A RMBS 1,688 1 82 1,607 Prime RMBS 199 - 10 189 Subprime RMBS 50 - 7 43 Other RMBS 3,661 27 237 3,451 Commercial MBS 19 - 5 14 Other securities 4 - - 4 Total securities held-to-maturity 6,346 (b) 66 341 6,071 Total securities $ 55,534 $ 755 $ 2,186 $ 54,103 (a) Includes $8.7 billion, at fair value, of government-sponsored and government guaranteed entities (b) Held-to-maturity securities on the balance sheet are reported at amortized cost less the non-credit portion of an other-than-temporary impairment recorded in OCI ($28 million) in accordance with ASC 320. Securities at Dec. 31, 2008 Amortized cost Grossunrealized Fair value (in millions) Gains Losses Available-for-sale: U.S. Government obligations $ 746 $ 36 $ 1 $ 781 U.S. Government agencies 1,259 40 - 1,299 Obligations of states and political subdivisions 896 8 21 883 Agency RMBS 10,862 211 174 10,899 Alt-RMBS 5,164 21 2,223 2,962 Prime RMBS 6,437 - 1,733 4,704 Subprime RMBS 1,512 - 575 937 Other RMBS 2,997 - 596 2,401 Commercial MBS 3,275 - 803 2,472 Asset-backed CDOs 604 2 166 440 Other asset-backed securities 1,612 - 479 1,133 Other debt securities 1,884 36 130 1,790 Equity securities 1,392 - 29 1,363 Total securities available-for-sale 38,640 354 6,930

Note 6 - Goodwill and intangibl

Note 6 - Goodwill and intangible assets
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 6 - Goodwill and intangible assets	Note 6 Goodwill and intangible assets Goodwill The level of goodwill increased in 2009 due to foreign exchange translation on non-U.S. dollar denominated goodwill, partially offset by the transfer of goodwill to discontinued operations. Goodwill impairment testing is performed annually at the business segment level. The table below provides a breakdown of goodwill by business segment. Goodwill by segment (in millions) Asset Management Wealth Management Asset Servicing Issuer Services Clearing Services Treasury Services Other Total Balance at Dec. 31, 2008 $ 7,218 $ 1,694 $ 3,360 $ 2,463 $ 902 $ 123 $ 138 $ 15,898 Foreign exchange translation 159 - 40 14 14 - - 227 Transferred to discontinued operations - - - - - - (128 )(a) (128 ) Other (b) 15 - - 13 - - (3 ) 25 Goodwill at Sept. 30, 2009 $ 7,392 $ 1,694 $ 3,400 $ 2,490 $ 916 $ 123 $ 7 $ 16,022 (a) Includes a $50 million goodwill impairment recorded in the first quarter of 2009. (b) Other changes in goodwill include purchase price adjustments and certain other reclassifications. Intangible assets Intangible assets not subject to amortization are tested annually for impairment or more often if events or circumstances indicate they may be impaired. The decrease in intangible assets at Sept. 30, 2009 compared with Dec. 31, 2008 resulted from intangible amortization partially offset by foreign exchange translation on non-U.S. dollar denominated intangible assets. Intangible amortization expense was $104 million in the third quarter of 2009, $108 million in the second quarter of 2009, $118 million in the third quarter of 2008, $319 million in the first nine months of 2009 and $360 million in the first nine months of 2008. The table below provides a breakdown of intangible assets by business segment. Intangible assets net carrying amount by segment (in millions) Asset Management Wealth Management Asset Servicing Issuer Services Clearing Services Treasury Services Other Total Balance at Dec. 31, 2008 $ 2,595 $ 340 $ 302 $ 834 $ 699 $ 229 $ 857 $ 5,856 Amortization (163 ) (34 ) (22 ) (61 ) (20 ) (19 ) - (319 ) Foreign exchange translation 43 - 2 2 2 - - 49 Transfer to discontinued operations - - - - - - (4 ) (4 ) Other (a) - - 6 (14 ) - - - (8 ) Balance at Sept. 30, 2009 $ 2,475 $ 306 $ 288 $ 761 $ 681 $ 210 $ 853 $ 5,574 (a) Other changes in intangible assets include purchase price adjustments and certain other reclassifications. Intangible assets Sept. 30, 2009 De

Note 7 - Allowance for credit l

Note 7 - Allowance for credit losses
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 7 - Allowance for credit losses	Note 7 Allowance for credit losses The allowance for credit losses is maintained at a level that, in managements judgment, is adequate to absorb probable losses associated with specifically identified loans, as well as estimated probable credit losses inherent in the remainder of the credit portfolio at the balance sheet date. We conduct a quarterly portfolio review to determine the adequacy of our allowance for credit losses. Following this review, senior management analyzes the results and determines the allowance for credit losses. The Risk Committee of our Board of Directors reviews the allowance as of the end of each quarter. Transactions in the allowance for credit losses are summarized as follows: For the quarter ended Sept. 30, 2009 (a) (in millions) Allowance for loan losses Allowance for lending- related commitments Allowance for credit losses Balance at June30, 2009 $ 434 $ 92 $ 526 Charge-offs: Commercial (62 ) - (62 ) Other residential mortgages (15 ) - (15 ) Total charge-offs (77 ) - (77 ) Recoveries - - - Net charge-offs (77 ) - (77 ) Provision 99 48 147 Balance at Sept. 30, 2009 $ 456 $ 140 $ 596 (a) Excludes discontinued operations For the quarter ended Sept. 30, 2008 (in millions) Allowance for loan losses Allowance for lending- related commitments Allowance for credit losses Balance at June30, 2008 $ 353 $ 133 $ 486 Charge-offs: Commercial (8 ) - (8 ) Commercial real estate (2 ) - (2 ) Other residential mortgages (5 ) - (5 ) Foreign (12 ) - (12 ) Total charge-offs (27 ) - (27 ) Recoveries: Foreign 3 - 3 Leasing 2 - 2 Total recoveries 5 - 5 Net charge-offs (22 ) - (22 ) Provision 34 (4 ) 30 (a) Balance at Sept. 30, 2008 $ 365 $ 129 $ 494 (a) (a) The provision for credit losses includes discontinued operations of $7 million. The allowance for credit losses includes discontinued operations of $33 million. For the nine months ended Sept. 30, 2009 (in millions) Allowance for loan losses Allowance for lending- related commitments Allowance for credit losses Balance at Dec. 31, 2008 $ 415 $ 114 $ 529 Transferred to discontinued operations (38 ) (2 ) (40 ) Charge-offs: Commercial (109 ) - (109 ) Commercial real estate (30 ) - (30 ) Other residential mortgages (43 ) - (43 ) Total charge-offs (182 ) - (182 ) Recoveries 1 - 1 Net charge-offs (181 ) - (181 ) Provision 260 28 288 (a) Balance at Sept. 30, 2009 (

Note 8 - Other assets

Note 8 - Other assets
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 8 - Other assets	Note 8 Other assets Other assets (in millions) Sept.30, 2009 Dec.31, 2008 Accounts receivable $ 5,340 $ 4,057 Corporate/bank owned life insurance 3,850 3,781 Equity in joint ventures and other investments (a) 2,464 2,421 Fails to deliver 1,538 1,394 Margin deposits 68 1,275 Software 565 607 Prepaid expenses 708 422 Prepaid pension assets 832 371 Due from customers on acceptances 549 265 Other 380 430 Total other assets $ 16,294 $ 15,023 (a) Includes Federal Reserve Bank stock of $390 million and $342 million, respectively, at cost.

Note 9 - Net interest revenue

Note 9 - Net interest revenue
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 9 - Net interest revenue	Note 9 Net interest revenue Quarter ended Nine months ended Net interest revenue (in millions) Sept.30, 2009 June30, 2009 Sept.30, 2008 Sept.30, 2009 Sept.30, 2008 Interest revenue Non-margin loans $ 211 $ 232 $ 233 (a) $ 682 $ 694 (a) Margin loans 17 17 48 51 154 Securities: Taxable 419 393 537 1,262 1,681 Exempt from federal income taxes 7 8 8 23 23 Total securities 426 401 545 1,285 1,704 Other short-term investments U.S. government-backed commercial paper - - 7 10 7 Deposits in banks 148 166 431 531 1,255 Deposits with the Federal Reserve and other central banks 6 7 - 34 - Federal funds sold and securities purchased under resale agreements 10 9 35 24 136 Trading assets 11 13 13 36 49 Total interest revenue 829 845 1,312 (a) 2,653 3,999 (a) Interest expense Deposits 25 40 429 141 1,515 Borrowings from Federal Reserve related to ABCP - - 5 7 5 Federal funds purchased and securities sold under repurchase agreements 2 (3 ) 13 (1 ) 43 Other borrowed funds 8 8 19 30 71 Customer payables 2 1 18 5 60 Long-term debt 76 99 147 280 493 Total interest expense 113 145 631 462 2,187 Net interest revenue $ 716 $ 700 $ 681 (a) $ 2,191 $ 1,812 (a) (a) Includes the SILO/LILO charges of $112 million recorded in the third quarter of 2008 and $489 million recorded in the first nine months of 2008.

Note 10 - Selected noninterest

Note 10 - Selected noninterest expense categories
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 10 - Selected noninterest expense categories	Note 10 Selected noninterest expense categories The following table provides a breakdown of certain expense categories presented on the consolidated income statement. Quarter ended Nine months ended Selected noninterest expense categories (in millions) Sept.30, 2009 June30, 2009 Sept.30, 2008 Sept.30, 2009 Sept.30, 2008 Sub-custodian $ 49 $ 60 $ 62 (a) $ 148 $ 199 (a) Clearing 31 31 22 89 52 Total sub-custodian and clearing $ 80 $ 91 $ 84 (a) $ 237 $ 251 (a) Communications $ 30 $ 29 $ 35 $ 84 $ 100 Support agreement charges 13 (15 ) 726 (10 ) 731 Other 158 249 (b) 230 565 (b) 572 Total other $ 201 $ 263 $ 991 $ 639 $ 1,403 (a) In the second quarter of 2009, global sub-custodian out-of-pocket expense related to client reimbursements was reclassified from sub-custodian expense to asset servicing revenue. This reclassification totaled $4 million in the third quarter of 2008 and $18 million in the first nine months of 2008. (b) Includes $61 million of FDIC special assessment recorded in the second quarter of 2009.

Note 11 - Employee benefit plan

Note 11 - Employee benefit plans
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 11 - Employee benefit plans	Note 11 Employee benefit plans In the third quarter of 2009, we contributed $300 million to the primary BNY Mellon pension plan. The components of net periodic benefit cost (credit) are as follows: Net periodic benefit cost (credit) Quarter ended Sept. 30, 2009 June 30, 2009 Sept. 30, 2008 (in millions) Domestic pension benefits Foreign pension benefits Health care benefits Domestic pension benefits Foreign pension benefits Health care benefits Domestic pension benefits Foreign pension benefits Health care benefits Service cost $ 24 $ 5 $ 1 $ 24 $ 4 $ 1 $ 19 $ 7 $ 1 Interest cost 40 5 4 39 5 4 36 7 4 Expected return on assets (74 ) (7 ) (2 ) (72 ) (7 ) (2 ) (73 ) (10 ) (2 ) Other (6 ) 2 2 4 1 2 6 1 2 Net periodic benefit cost (credit) $ (16 ) $ 5 $ 5 $ (5 ) $ 3 $ 5 $ (12 ) $ 5 $ 5 Net periodic benefit cost (credit) Nine months ended Sept. 30, 2009 Sept. 30, 2008 (in millions) Domestic pension benefits Foreign pension benefits Health care benefits Domestic pension benefits Foreign pension benefits Health care benefits Service cost $ 72 $ 14 $ 3 $ 57 $ 21 $ 3 Interest cost 118 15 12 108 21 12 Expected return on assets (218 ) (21 ) (6 ) (219 ) (30 ) (4 ) Other 1 4 6 28 3 6 Net periodic benefit cost (credit) $ (27 ) $ 12 $ 15 $ (26 ) $ 15 $ 17

Note 12 - Restructuring charge

Note 12 - Restructuring charge
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 12 - Restructuring charge	Note 12 Restructuring charge In the fourth quarter of 2008, we announced that, due to weakness in the global economy, we would reduce our workforce by approximately 4%, or an estimated 1,800 positions, and as a result, recorded a pre-tax restructuring charge of $181 million. In the third quarter and first nine months of 2009, we recorded a recovery of $5 million and additional charges of $11 million, respectively associated with this workforce reduction. As of Sept. 30, 2009, we have eliminated approximately 1,400 positions. Severance payments related to these positions are primarily paid over the salary continuance period in accordance with the separation plan. We expect to substantially complete this reduction by the end of 2009. The following table presents the activity in the restructuring reserve through Sept. 30, 2009. Restructuring charge reserve - activity (in millions) Severance Stock-based incentive acceleration Other compensation costs Other non-personnel expenses Total Original restructuring charge at Dec. 31, 2008 $ 166 $ 9 $ 5 $ 1 $ 181 (Recovery)/additional charges 8 (2 ) - 10 16 Utilization (57 ) - - (4 ) (61 ) Balance at June30, 2009 $ 117 $ 7 $ 5 $ 7 $ 136 (Recovery)/additional charges (3 ) - (2 ) - (5 ) Utilization (23 ) (6 ) - (7 ) (36 ) Balance at Sept. 30, 2009 $ 91 $ 1 $ 3 $ - $ 95 The restructuring charges for the fourth quarter of 2008 and first, second and third quarters of 2009 are presented below by business segment. The charges were recorded in the Other segment as this restructuring was a corporate initiative and not directly related to the operating performance of these segments. Restructuring charge by segment (in millions) 4Q08 1Q09 2Q09 3Q09 Total restructuring charges Asset management $ 64 $ 3 $ 4 $ - $ 71 Asset servicing 34 3 (4 ) - 33 Issuer services 15 - 1 1 17 Wealth management 13 1 1 - 15 Treasury services 6 - 1 4 11 Clearing services 6 1 (1 ) - 6 Other (including shared services) 43 2 4 (10 ) 39 Total restructuring charges $ 181 $ 10 $ 6 $ (5 ) $ 192

Note 13 - Income taxes

Note 13 - Income taxes
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 13 - Income taxes	Note 13 Income taxes The statutory federal income tax rate is reconciled to our effective income tax rate below: Effective tax rate Nine months ended Sept.30, 2009 Sept.30, 2008 Federal rate 35.0 % 35.0 % State and local income taxes, net of federal income tax benefit 5.9 4.8 Credit for low-income housing investments 1.5 (1.8 ) Tax-exempt income 1.6 (2.5 ) Foreign operations (0.8 ) (7.7 ) Tax settlements 4.1 6.7 Other - net (0.3 ) (2.7 ) Effective rate 47.0 % 31.8 % Our total tax reserves as of Sept. 30, 2009 were $222 million compared with $223 million at June30, 2009. If these tax reserves were unnecessary, $222million would affect the effective tax rate in future periods. We recognize accrued interest and penalties, if applicable, related to income taxes in income tax expense. Included in the balance sheet as of Sept. 30, 2009 is accrued interest, where applicable, of $87 million. The additional tax expense related to interest for the three and nine months ended Sept. 30, 2009 was $3 million and $42 million, respectively. Our federal consolidated income tax returns are closed to examination through 2002. Our New York State and New York City return examinations have been completed through 1996. In October 2009, BNY Mellon reached an agreement with New York State and New York City representatives to close its audits for 1997 through 2004. We do not expect this settlement to have a significant impact on our financial results. Our United Kingdom income tax returns are closed through 2002.

Note 14 - Securitizations and v

Note 14 - Securitizations and variable interest entities
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 14 - Securitizations and variable interest entities	Note 14 Securitizations and variable interest entities Securitizations In 2000, we purchased Dreyfus Institutional Reserves Money Fund shares and sold the right to receive the principal value of the shares in 2021 in a securitization transaction and retained the rights to receive the ongoing dividends from the shares. In 2003, BNY Mellon securitized quarterly variable rate municipal bonds, which are Aa3/AAA insured bonds issued by borrowers rated no lower than A2/A+ by Moodys Investor Services and Standard Poors. No gain or loss was recognized on this transaction. Our retained interests in these securitizations at Sept. 30, 2009 and Dec. 31, 2008, are approximately $137 million and $234 million, respectively, which represents our maximum exposure to the securitizations. BNY Mellon did not securitize any assets during the first nine months of 2009. At Sept. 30, 2009, BNY Mellon had no asset-backed commercial paper conduits. Variable Interest Entities Guidance on Consolidation of Variable Interest Entities, included in ASC 810 applies to certain entities in which equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. The primary beneficiary of a Variable Interest Entity (VIE) is the party that absorbs a majority of the entitys expected losses, receives a majority of its expected residual returns or both, as a result of holding variable interests. BNY Mellon is required to consolidate entities for which it is the primary beneficiary. BNY Mellons VIEs generally include retail, institutional and alternative investment funds offered to its retail and institutional customers. BNY Mellon may provide start-up capital in its new funds and also earns fund management fees. Performance fees are also earned on certain funds. BNY Mellon is not contractually required to provide financial or any other support to its VIEs. In addition, we provide trust and custody services for a fee to entities sponsored by other corporations in which we have no other interest. Primary beneficiary calculations are prepared in accordance with ASC 810. This evaluation includes estimates of ranges and probabilities of losses and returns from the funds. The calculated expected gains and expected losses are allocated to the variable interests holders of the funds, which are generally the funds investors and may include BNY Mellon, in order to determine which entity is required to consolidate the VIE, if any. The start up capital invested in our Asset Management VIEs as of Sept. 30, 2009 has been included in our financial statements as shown below: Other VIEs at Sept. 30, 2009 (in millions) Assets Liabilities Maximum lossexposure Trading $ 30 $ - $ 30 Available-for-sale 124 - 124 Other 254 - 254 Total $ 408 $ - $ 408 Other VIEs at Dec. 31, 2008 (in millions) Assets Liabilities Maximum lossexposure Trading $ 26 $ - $ 26 Available-for-sale

Note 15 - Fair value of financi

Note 15 - Fair value of financial instruments
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 15 - Fair value of financial instruments	Note 15 Fair value of financial instruments The carrying amounts of our financial instruments (i.e., monetary assets and liabilities) are determined under different accounting methodssee Note 1 to the Consolidated Financial Statements contained in BNY Mellons 2008 Annual Report on Form 10-K. The following disclosure discusses these instruments on a uniform fair value basis. However, active markets do not exist for a significant portion of these instruments, principally loans and commitments. As a result, fair value determinations require significant subjective judgments regarding future cash flows. Other judgments would result in different fair values. Among the assumptions we used are discount rates ranging principally from 0.11% to 6.23% at Sept. 30, 2009 and 0.08% to 3.25% at Dec. 31, 2008. The fair value information supplements the basic financial statements and other traditional financial data presented throughout this report. Note 16, Fair value measurement presents assets and liabilities measured at fair value by the three level valuation hierarchy established under ASC 820, as well as a roll forward schedule of fair value measurements using significant unobservable inputs. Note 17, Fair value option presents the instruments for which fair value accounting was elected and the corresponding income statement impact of these instruments. A summary of the practices used for determining fair value is as follows. Interest-bearing deposits with banks The fair value of interest-bearing deposits with banks is based on discounted cash flows. Securities, trading activities, and derivatives used for ALM The fair value of securities and trading assets and liabilities is based on quoted market prices, dealer quotes, or pricing models. Fair value amounts for derivative instruments, such as options, futures and forward rate contracts, commitments to purchase and sell foreign exchange, and foreign currency swaps, are similarly determined. The fair value of over-the-counter interest rate swaps is the discounted value of projected future cash flows, adjusted for other factors including, but not limited to and if applicable, optionality and implied volatilities, as well as counterparty credit. Loans and commitments For residential mortgage loans, fair value is estimated using discounted cash flow analyses, adjusting where appropriate for prepayment estimates, using interest rates currently being offered for loans with similar terms and maturities to borrowers. Discounted future cash flows are used to determine the fair value of other types of loans. The fair value of commitments to extend credit, standby letters of credit, and commercial letters of credit is based upon the cost to settle the commitment. Other financial assets Fair value is assumed to equal carrying value for these assets due to their short maturity. Deposits, borrowings and long-term debt The fair value of noninterest-bearing deposits and payables to customers and broker-dealers is assumed to be their carrying amount. The fair value of interest-bearing deposits, borrowings, and long-term debt is based upon current rates for instruments of the same remaining m

Note 16 - Fair value measuremen

Note 16 - Fair value measurement
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 16 - Fair value measurement	Note 16 Fair value measurement We adopted guidance related to Fair Value Measurement, included in ASC 820, effective Jan. 1, 2008. ASC 820 defines fair value as the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date and establishes a framework for measuring fair value. It establishes a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date and expands the disclosures about instruments measured at fair value. ASC 820 requires consideration of a companys own creditworthiness when valuing liabilities. Effective Jan. 1, 2009, we adopted guidance related to Determining Fair Value When the Volume and Level of Activity for the Asset or Liability Have Significantly Decreased and Identifying Transactions That Are Not Orderly, included in ASC 820. This provides guidance on how to determine the fair value when the volume and level of activity for the asset or liability have significantly decreased and reemphasizes that the objective of a fair value measurement remains an exit price notion. In those circumstances, further analysis of transactions or quoted prices is needed, and a significant adjustment to the transactions or quoted prices may be necessary to estimate fair value in accordance with ASC 820. It also requires additional disclosures for instruments within the scope of ASC 820 to include inputs and valuation techniques used, change in valuation techniques and related inputs, if any, and more disaggregated information relating to debt and equity securities. The amended standard provides a consistent definition of fair value, which focuses on exit price in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. If there has been a significant decrease in the volume and level of activity for the asset or liability, a change in valuation technique or the use of multiple valuation techniques may be appropriate. In such instances, determining the price at which willing market participants would transact at the measurement date under current market conditions depends on the facts and circumstances and requires the use of significant judgment. The objective is to determine from weighted indicators of fair value a reasonable point within the range that is most representative of fair value under current market conditions. We also adopted guidance related to the fair value option for financial assets and financial liabilities included in ASC 825, effective Jan. 1, 2008. ASC 825 provides an option to elect fair value as an alternative measurement basis for selected financial assets, financial liabilities, unrecognized firm commitments and written loan commitments which are not subject to fair value under other accounting standards. Determination of fair value Following is a description of our valuation methodologies for assets and liabilities measured at fair value. We have established processes for determining fair values. Fair v

Note 17 - Fair value option

Note 17 - Fair value option
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 17 - Fair value option	Note 17 Fair value option ASC 825 provides an option to elect fair value as an alternative measurement for selected financial assets, financial liabilities, unrecognized firm commitments, and written loan commitments not previously carried at fair value. Unfunded loan commitments are valued using quotes from dealers in the loan markets, and are included in Level 3 of the ASC 820 hierarchy. At Dec. 31, 2008, $5.6 billion of other short-term U.S. government-backed commercial paper and $5.6 billion of borrowings from Federal Reserve related to asset-backed commercial paper were held at fair value. There were no balances outstanding for these instruments at Sept. 30, 2009. Changes in fair value under the fair value option election The following table presents the changes in fair value included in foreign exchange and other trading activities in the consolidated income statement for the three and nine month periods ended Sept. 30, 2009 and 2008. Foreign exchange and other trading activities Quarter ended Nine months ended (in millions) Sept.30, 2009 Sept.30, 2008 Sept.30, 2009 Sept.30, 2008 Loans $ 1 $ - $ 3 $ 66 Other liabilities - 2 - 1 At Sept. 30, 2009, the fair market value of unfunded lending-related commitments for which the fair value option was elected was a liability of less than $1 million at Sept. 30, 2009 and $3 million at Dec. 31, 2008 and is included in other liabilities. The contractual amount of such commitments was $110 million at both Sept. 30, 2009 and Dec. 31, 2008.

Note 18 - Derivative instrument

Note 18 - Derivative instruments
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 18 - Derivative instruments	Note 18 Derivative instruments We use derivatives to manage exposure to market risk, interest rate risk, credit risk, foreign currency risk, to generate profits from proprietary trading and to assist customers with their risk management objectives. The notional amounts for derivative financial instruments express the dollar volume of the transactions; however, credit risk is much smaller. We perform credit reviews and enter into netting agreements to minimize the credit risk of foreign currency and interest rate risk management products. We enter into offsetting positions to reduce exposure to foreign exchange and interest rate risk. Use of derivative financial instruments involves reliance on counterparties. Failure of a counterparty to honor its obligation under a derivative contract is a risk we assume whenever we engage in a derivative contract. We recorded $2 million of counterparty default losses in the third quarter of 2009. Hedging derivatives We utilize interest rate swap agreements to manage our exposure to interest rate fluctuations. For hedges of fixed-rate loans, asset-backed securities, deposits and long-term debt, the hedge documentation specifies the terms of the hedged items and the interest rate swaps and indicates that the derivative is hedging a fixed-rate item and is a fair value hedge, that the hedge exposure is to the changes in the fair value of the hedged item due to changes in benchmark interest rates, and that the strategy is to eliminate fair value variability by converting fixed-rate interest payments to LIBOR. The fixed rate loans hedged generally have an original maturity of 10 to 11 years and are not callable. These loans are hedged with pay fixed rate, receive variable rate swaps with similar notional amounts, maturities, and fixed rate coupons. The swaps are not callable. At Sept. 30, 2009, $1 million of loans were hedged with interest rate swaps, which had notional values of $1 million. The securities hedged generally have a weighted average life of 10 years or less and are callable six months prior to maturity. These securities are hedged with pay fixed rate, receive variable rate swaps of like maturity, repricing and fixed rate coupon. The swaps are callable six months prior to maturity. At Sept. 30, 2009, $213 million of securities were hedged with interest rate swaps that had notional values of $213 million. The fixed rate deposits hedged generally have original maturities of 5 to 11 years and are not callable. These deposits are hedged with receive fixed rate, pay variable rate swaps of similar maturity, repricing and fixed rate coupon. The swaps are not callable. At Sept. 30, 2009, $30 million of deposits were hedged with interest rate swaps that had notional values of $30 million. The fixed rate long-term debt hedged generally has an original maturity of 5 to 30 years. We issue both callable and non-callable debt. The non-callable debt is hedged with simple interest rate swaps similar to those described for deposits. Callable debt is hedged with callable swaps where the call dates of the swaps exactly match the call dates of the debt. At Sept. 30, 2009, $11.7 billion of debt was h

Note 19 - Commitments and conti

Note 19 - Commitments and contingent liabilities
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 19 - Commitments and contingent liabilities	Note 19 Commitments and contingent liabilities In the normal course of business, various commitments and contingent liabilities are outstanding which are not reflected in the accompanying consolidated balance sheets. Our significant trading and off-balance sheet risks are securities, foreign currency and interest rate risk management products, commercial lending commitments, letters of credit, and securities lending indemnifications. We assume these risks to reduce interest rate and foreign currency risks, to provide customers with the ability to meet credit and liquidity needs, to hedge foreign currency and interest rate risks, and to trade for our own account. These items involve, to varying degrees, credit, foreign exchange, and interest rate risk not recognized in the balance sheet. Our off-balance sheet risks are managed and monitored in manners similar to those used for on-balance sheet risks. Significant industry concentrations related to credit exposure at Sept. 30, 2009 are disclosed in the Financial institutions portfolio exposure table and the Commercial portfolio exposure table below. Financial institutions portfolio exposure (in billions) Sept. 30, 2009 Loans Unfunded commitments Total exposure Securities industry $ 4.2 $ 1.9 $ 6.1 Insurance 0.4 6.1 6.5 Banks 2.9 3.1 6.0 Asset managers 0.9 2.8 3.7 Government 0.2 3.1 3.3 Other 0.7 2.0 2.7 Total $ 9.3 $ 19.0 $ 28.3 Commercial portfolio exposure (in billions) Sept. 30, 2009 Loans Unfunded commitments Total exposure Media and telecom $ 0.8 $ 2.1 $ 2.9 Manufacturing 1.1 6.8 7.9 Energy and utilities 0.7 6.6 7.3 Services and other 1.1 8.4 9.5 Total $ 3.7 $ 23.9 $ 27.6 Major concentrations in securities lending are primarily to broker-dealers and are generally collateralized with cash. Securities lending transactions are discussed below. A summary of our off-balance sheet credit transactions, net of participations, at Sept. 30, 2009 and Dec. 31, 2008 follows: Off-balance sheet credit risks (in millions) Sept.30, 2009 Dec. 31, 2008 Lending commitments (a) $ 33,310 $ 38,822 Standby letters of credit (b) 12,117 13,084 Commercial letters of credit 877 705 Securities lending indemnifications 298,785 325,975 Support agreements 138 244 (a) Net of participations totaling $441 million at Sept. 30, 2009 and $986 million at Dec. 31, 2008. (b) Net of participations totaling $2.4 billion at Sept. 30, 2009 and $2.7 billion at Dec. 31, 2008. Included in lending commitments are facilities which provide liquidity, primarily for variable rate tax exempt securities wrapped by monoline insurers. The credit approval for these facilities is based on an assessment of the underlying tax-exempt issuer and considers factors other than the financial strength of the monoline insurer. The total potential loss on undrawn le

Note 20 - Business segments

Note 20 - Business segments
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 20 - Business segments	Note 20 Business segments Our segment data has been determined on an internal management basis of accounting, rather than the generally accepted accounting principles used for consolidated financial reporting. These measurement principles are designed so that reported results of the segments will track their economic performance. Segment results are subject to reclassification whenever improvements are made in the measurement principles or when organizational changes are made. The accounting policies of the business segments are the same as those described in Note 1 to the Consolidated Financial Statements in BNY Mellons 2008 Annual Report on Form 10-K. For additional information on our business segments, see the Business segment review in BNY Mellons second quarter 2009 Quarterly Report on Form 10-Q. In the second quarter of 2009, the financial results of MUNB were moved from the Other segment into discontinued operations. Historical results in the Other segment have been restated. The following consolidating schedules show the contribution of our segments to our overall profitability. Business segments are reported on a continuing operations basis for all periods presented. For the quarter ended Sept. 30, 2009 (dollar amounts in millions) Asset Management Wealth Management Total Asset and Wealth Management Sector Asset Servicing Issuer Services Clearing Services Treasury Services Total Institutional Services Sector Other Segment Total Continuing Operations Feeandotherrevenue $ 592 $ 145 $ 737 $ 835 $ 389 $ 291 $ 216 $ 1,731 $ (4,684 ) $ (2,216 ) Netinterestrevenue 6 49 55 228 180 81 151 640 21 716 Total revenue 598 194 792 1,063 569 372 367 2,371 (4,663 ) (1,500 ) Provisionforcreditlosses - - - - - - - - 147 147 Noninterest expense 500 145 645 731 323 251 191 1,496 177 2,318 Income before taxes $ 98 $ 49 $ 147 $ 332 $ 246 $ 121 $ 176 $ 875 $ (4,987 ) $ (3,965 ) Pre-taxoperating margin (a) 16 % 26 % 19 % 31 % 43 % 33 % 48 % 37 % N/M N/M Average assets $ 12,396 $ 9,122 $ 21,518 $ 59,864 $ 47,966 $ 17,827 $ 24,319 $ 149,976 $ 32,215 $ 203,709 (b) For the quarter ended Sept. 30, 2008 (dollar amounts in millions) Asset Management Wealth Management Total Asset and Wealth Management Sector Asset Servicing Issuer Services Clearing Services Treasury Services Total Institutional Services Sector Other Segment Total Continuing Operations Fee and other revenue $ 685 $ 163 $ 848 $ 1,0

Document Information

Document Information
	9 Months Ended Sep. 30, 2009 USD / shares
Document Information [Text Block]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	2009-09-30

Entity Information

Entity Information (USD $)
	9 Months Ended Sep. 30, 2009
Entity [Text Block]
Trading Symbol	BK
Entity Registrant Name	Bank of New York Mellon CORP
Entity Central Index Key	0001390777
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	1,204,243,958