The Bank of New York Mellon Corporation (BK) 8-K Second Quarter 2010 Financial Highlights

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 (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 segment data on the Form 10-Q for the quarter ended June 30, 2010.

The following transactions/changes have impacted the reporting of our results:

On Jan. 1, 2010, we adopted SFAS No. 167, “Amendments to FASB Interpretation No. 46 (R).” Certain asset management funds and seed capital investments are now disclosed separately on our balance sheet and securitizations are included in available for sale securities. The income statement separately discloses the operations of consolidated asset management funds and the net income attributable to noncontrolling interests of consolidated asset management funds; previously these were disclosed as asset and wealth management revenue and investment income.

On November 2, 2009, we completed the acquisition of Insight Asset Management (“Insight”) based in London. The financial results for Insight are included in the Asset Management 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. On January 15, 2010, we completed the sale of MUNB. The financial results for all periods were 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.

The following items have impacted the reporting of our results:

Results for the first quarter of 2010 include a charge related to special litigation reserves.

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

Global efficiency restructuring charges – Recorded charges in the fourth quarters of 2008 and 2009.

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 were recorded in other periods.

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 Financial Measures’ and ‘Supplemental Information – Explanation of Non-GAAP Financial Measures’ in The Bank of New York Mellon Corporation Quarterly Earnings Review dated July 20, 2010, 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 - 10 Quarter Trend

(dollar amounts in millions unless otherwise noted)	2008												2009												2010
	1st Qtr			2nd Qtr (a)			3rd Qtr (a), (b)			4th Qtr (b)			1st Qtr			2nd Qtr (c)			3rd Qtr (d)			4th Qtr (e)			1st Qtr (e)			2nd Qtr (e)
Revenue:
Securities servicing fees
Asset servicing	$	903		$	873		$	808		$	786		$	609		$	671		$	643		$	650		$	637		$	668
Issuer services		376			444			477			388			364			372			359			368			333			354
Clearing services		263			264			259			279			253			250			236			223			230			245
Total securities servicing fees		1,542			1,581			1,544			1,453			1,226			1,293			1,238			1,241			1,200			1,267
Asset and wealth management fees		862			860			795			701			616			637			650			736			678			676
Foreign exchange & other trading		259			308			385			510			307			237			246			246			262			220
Treasury services		124			129			129			132			125			132			128			134			131			125
Distribution and servicing		98			110			107			106			111			107			94			85			76			77
Financing-related fees		47			51			44			44			48			54			56			57			50			48
Investment Income		41			74			47			45			(17	)		44			121			78			108			72
Other		82			28			37			67			15			9			84			3			37			73
Total fee revenue		3,055			3,141			3,088			3,058			2,431			2,513			2,617			2,580			2,542			2,558
Securities gains (losses)		(73	)		(152	)		(162	)		(1,241	)		(295	)		(256	)		(4,833	)		15			7			13
Total fee and other revenue		2,982			2,989			2,926			1,817			2,136			2,257			(2,216	)		2,595			2,549			2,571
Income of consolidated asset management funds		—			—			—			—			—			—			—			—			65			65
Net interest revenue		743			388			681			1,047			775			700			716			724			765			722
												��
Total revenue		3,725			3,377			3,607			2,864			2,911			2,957			(1,500	)		3,319			3,379			3,358
Provision for credit losses		14			13			23			54			59			61			147			65			35			20
Noninterest expenses		2,357			2,471			3,090			2,468			2,095			2,149			2,165			2,284			2,166			2,235
Special Litigation Reserves		N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A			164			N/A
FDIC special assessment		—			—			—			—			—			61			—			—			—			—
Amortization of intangible assets		119			123			118			113			107			108			104			107			97			98
Restructuring charges		—			—			—			181			10			6			(5	)		139			7			(15	)
Merger & integration expense		126			149			111			97			68			59			54			52			26			14
Total noninterest expense		2,602			2,743			3,319			2,859			2,280			2,383			2,318			2,582			2,460			2,332
Income/ (loss) from continuing operations before taxes		1,109			621			265			(49	)		572			513			(3,965	)		672			884			1,006
Income taxes		358			312			(42	)		(137	)		161			12			(1,527	)		(41	)		258			304
Income/ (loss) from continuing operations		751			309			307			88			411			501			(2,438	)		713			626			702
Income/ (loss) from discontinued operations, net of tax		4			6			—			4			(41	)		(91	)		(19	)		(119	)		(42	)		(10	)
Net income attributable to noncontrolling interest		(9	)		(6	)		(4	)		(5	)		(1	)		2			(1	)		(1	)		(25	) (k)		(34	) (k)
Extraordinary (loss) on consolidation of commercial paper conduit, net of tax		—			—			—			(26	)		—			—			—			—			—			—
Redemption charge and preferred dividends		—			—			—			(33	)		(47	)		(236	)		—			—			—			—
Net income/ (loss) applicable to shareholders of The Bank of New York Mellon Corporation	$	746		$	309		$	303		$	28		$	322		$	176		$	(2,458	)	$	593		$	559		$	658
EPS from continuing operations	$	0.65		$	0.26		$	0.26		$	0.04		$	0.31		$	0.23		$	(2.04	)	$	0.59		$	0.49		$	0.55
EPS from continuing operations - Non-GAAP(f)	$	0.75		$	0.75		$	0.81		$	0.96		$	0.56		$	0.51		$	0.54		$	0.55		$	0.59		$	0.55
Market value of assets under management at period-end (in billions)	$	1,105		$	1,113		$	1,067		$	928		$	881		$	926		$	966		$	1,115		$	1,105		$	1,047
Market value of assets under custody and administration at period-end (in trillions)	$	23.1		$	23.0		$	22.4		$	20.2		$	19.5		$	20.7		$	22.1		$	22.3		$	22.4		$	21.8
Market value of securities on loan at period-end (in billions)	$	660		$	588		$	470		$	326		$	293		$	290		$	299		$	247		$	253		$	248
Pre-tax operating margin
GAAP-before extraordinary (loss)		30	%		19	%		7	%		(2	)%		20	%		17	%		N/M			20	%		26	%		30	%
Non-GAAP adjusted(g)		38	%		37	%		39	%		43	%		33	%		31	%		31	%		29	%		34	%		32	%
Return on tangible common equity(annualized):
GAAP-before extraordinary (loss)		35.4	%		18.5	%		18.9	%		6.5	%		28.8	%		18.4	%		N/M			33.0	%		25.8	%		25.8	%
Non-GAAP adjusted(h)		40.7	%		45.9	%		50.2	%		61.3	%		44.4	%		24.0	%		31.5	%		31.1	%		30.2	%		25.5	%
Return on common equity (annualized)
GAAP-before extraordinary (loss)		10.1	%		4.3	%		4.3	%		0.8	%		5.8	%		4.0	%		N/M			9.8	%		8.2	%		8.8	%
Non-GAAP adjusted - excluding intangible amortization(i)		12.7	%		13.2	%		14.2	%		16.8	%		10.6	%		6.6	%		9.9	%		10.1	%		10.6	%		9.5	%
Percent of non-US fee and net interest revenue - GAAP		33	%		39	%		35	%		44	%		31	%		32	%		N/M			36	%		34	%		35	%
Percent of non-US fee and net interest revenue - Non-GAAP(j)		33	%		34	%		32	%		31	%		29	%		31	%		31	%		36	%		34	%		35	%

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

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

(e) The fourth quarter of 2009, first quarter 2010 and second quarter 2010 include the financial results for the Insight acquisition, which closed November 2, 2009.

(f) 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 tax discrete benefits and 4th quarter 2008, 2009 global efficiency restructuring charge and 1st quarter 2010 special litigation reserves.

(g) Calculated excluding investment securities losses, SILO/LILO charges, 3rd and 4th quarters of 2008 support agreement charges, asset-based taxes, FDIC special assessment, M&I expenses, 4th quarter 2008 and 2009 global efficiency restructuring charges, intangible amortization, 1st quarter 2010 special litigation reserves and 1st and 2nd quarters 2010 noncontrolling interests of consolidated asset management funds.

(h) Calculated excluding investment securities losses, SILO/LILO/tax settlements, 2008 support agreement charges, FDIC special assessment, M&I expenses, 4th quarter 2008 and 2009 global efficiency restructuring charges and benefit of tax settlements and tax discrete benefits.

(i) Calculated excluding the SILO/LILO/tax settlements, investment write-downs and expense related to consolidated asset management funds.

(j) Calculated excluding the SILO/LILO/tax settlements and including noncontrolling interest related to consolidated asset management funds.

(k) Includes $24 million for the first quarter of 2010 and $33 million for the second quarter of 2010 related to consolidated asset management funds.

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 - 10 Quarter Trend

FEE AND OTHER REVENUE

(dollar amounts in millions unless otherwise noted)	2008												2009												2010
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr (a)			4th Qtr			1st Qtr			2nd Qtr
Securities servicing fees
Asset servicing	$	658		$	671		$	653		$	599		$	519		$	574		$	600		$	621		$	608		$	622
Securities lending		245			202			155			187			90			97			43			29			29			46
Issuer services		376			444			477			388			364			372			359			368			333			354
Clearing services		263			264			259			279			253			250			236			223			230			245
Total securities servicing fees		1,542			1,581			1,544			1,453			1,226			1,293			1,238			1,241			1,200			1,267
Asset and wealth management fees		862			860			795			701			616			637			650			736			678			676
Foreign exchange & other trading		259			308			385			510			307			237			246			246			262			220
Treasury services		124			129			129			132			125			132			128			134			131			125
Distribution and servicing		98			110			107			106			111			107			94			85			76			77
Financing-related fees		47			51			44			44			48			54			56			57			50			48
Investment Income		41			74			47			45			(17	)		44			121			78			108			72
Other		82			28			37			67			15			9			84			3			37			73
Total fee revenue		3,055			3,141			3,088			3,058			2,431			2,513			2,617			2,580			2,542			2,558
Income of consolidated asset management funds, net of noncontrolling interest		—			—			—			—			—			—			—			—			41	(c)		32	(c)
Total fee revenue - Non-GAAP		3,055			3,141			3,088			3,058			2,431			2,513			2,617			2,580			2,583			2,590
Net securities gains (losses)		(73	)		(152	)		(162	)		(1,241	)		(295	)		(256	)		(4,833	)		15			7			13
Total fee and other revenue - Non-GAAP		2,982			2,989			2,926			1,817			2,136			2,257			(2,216	)		2,595			2,590			2,603
Fee and other revenue as a percentage of total revenue		80	%		89	%		81	%		63	%		73	%		76	%		n/m			78	%		75	%		77	%
Fee and other revenue as a percentage of total revenue - Non-GAAP(b)		80	%		80	%		80	%		74	%		76	%		78	%		79	%		78	%		76	%		78	%
Market value of assets under management at period-end (in billions)	$	1,105		$	1,113		$	1,067		$	928		$	881		$	926		$	966		$	1,115		$	1,105		$	1,047
Market value of assets under custody and administration at period-end (in trillions)	$	23.1		$	23.0		$	22.4		$	20.2		$	19.5		$	20.7		$	22.1		$	22.3		$	22.4		$	21.8
Market value of securities on loan at period-end (in billions)	$	660		$	588		$	470		$	326		$	293		$	290		$	299		$	247		$	253		$	248
S&P 500 Index - period-end		1323			1280			1166			903			798			919			1057			1115			1169			1031
S&P 500 Index - daily average		1353			1371			1252			916			809			891			995			1088			1123			1135

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

(b) Excludes net securities gains/(losses) and SILO/LILO charges.

(c) Includes $25 million and $29 million previously included in asset and wealth management fees and $16 million and $3 million previously included in investment income for the first and second quarters of 2010, respectively.

Page 3 of 19

THE BANK OF NEW YORK MELLON CORPORATION

CONTINUING OPERATIONS

Average Balances and Interest Rates

	Quarter Ended
	March 31, 2008					June 30, 2008					September 30, 2008					December 31, 2008					March 31, 2009					June 30, 2009
(dollar amounts in millions)	Average balance			Average rates		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)	$	38,658		4.28	%	$	43,361		3.82	%	$	43,999		3.90	%	$	78,680		2.65	%	$	56,505		1.56	%	$	56,917		1.18	%
Interest-bearing deposits with Federal Reserve bank		—		—			—		—			—		—			—		—			23,192		0.37			6,338		0.37
Other Short Term Investment (FRB)		—		—			—		—			954		2.95			8,378		3.05			1,269		3.15			—		—
Federal funds sold and securities under resale agreements		8,191		3.15			6,736		2.21			7,019		1.97			4,050		1.32			2,310		0.81			2,899		1.29
Margin loans		5,258		4.47			5,802		3.36			5,764		3.27			4,885		2.35			4,219		1.63			4,134		1.62
Non-margin loans:
Domestic offices		27,885		4.37			26,550		(1.97	)(a)		25,932		1.60	(b)		28,233		2.70			21,630		2.91			20,740		3.18
Foreign offices		13,881		4.55			13,281		3.97			13,739		3.71			15,208		3.73			13,109		2.56			12,155		2.21
Total non-margin loans		41,766		4.43			39,831		0.01	(a)		39,671		2.33	(b)		43,441		3.06			34,739		2.78			32,895		2.82
Securities
U.S. government obligations		397		3.52			542		3.08			679		3.03			762		2.73			787		2.50			1,679		1.67
U.S. government agency obligations		10,613		4.78			10,433		4.29			10,894		4.33			11,438		4.29			12,063		3.71			14,748		3.74
Obligations of states and political subdivisions		681		7.64			654		5.74			701		7.44			941		7.73			767		6.71			710		6.92
Other securities		35,840		5.26			32,755		5.22			30,590		5.42			26,916		5.95			29,848		4.47			34,766		2.85
Trading securities		1,459		5.36			1,918		3.74			1,791		2.76			2,148		3.96			1,728		2.86			2,179		2.50
Total securities		48,990		5.18			46,302		4.93			44,655		5.04			42,205		5.38			45,193		4.22			54,082		3.10
Total interest-earning assets		142,863		4.55			142,032		3.02	(a)		142,062		3.69	(b)		181,639		3.36			167,427		2.37			157,265		2.16
Allowance for credit losses		(297	)				(295	)				(329	)				(334	)				(378	)				(426	)
Cash and due from banks		5,789					5,356					7,796					5,806					4,824					3,412
Other assets		49,782					46,504					46,937					54,499					45,880					45,975
Discontinued Operations		2,653					2,400					2,361					2,352					2,366					2,307
Total Asset Consol VIE FAS 167		—					—					—					—					—					—
Total Assets	$	200,790				$	195,997				$	198,827				$	243,962				$	220,119				$	208,533
Liabilities and total equity
Interest-bearing liabilities:
Money market rate accounts	$	12,577		1.67	%	$	12,869		0.98	%	$	11,785		0.88	%	$	18,274		0.53	%	$	18,563		0.10	%	$	19,037		0.10	%
Savings		902		1.89			971		1.50			979		0.93			1,013		0.64			1,165		0.61			1,070		0.44
Certificates of deposit of $100,000 & over		2,313		3.91			2,116		2.60			1,928		2.19			1,812		2.43			1,479		1.11			942		1.00
Other time deposits		8,300		2.45			6,335		1.88			5,393		1.99			5,052		1.34			5,574		0.55			4,190		0.48
Foreign offices		67,914		2.85			71,641		2.22			65,931		2.19			69,575		1.12			75,202		0.31			73,657		0.14
Total interest-bearing deposits		92,006		2.67			93,932		2.03			86,016		1.99			95,726		1.04			101,983		0.30			98,896		0.16
Federal funds purchased and securities under repurchase agreements		4,138		2.14			3,791		1.02			4,816		1.18			5,738		0.27			1,839		0.09			2,485		(0.46	)
Other borrowed funds		3,343		3.50			2,840		3.21			3,303		2.31			3,558		2.13			3,785		1.57			2,756		1.04
Borrowings from FRB Related to ABCP		—		—			—		—			954		2.25			8,378		2.25			1,269		2.25			—		—
Payables to customers and broker-dealers		4,942		1.94			5,550		1.32			5,910		1.19			5,570		0.62			3,797		0.20			4,901		0.13
Long-term debt		17,125		4.51			16,841		3.58			15,993		3.62			15,467		3.79			15,493		2.72			16,793		2.35
Total interest-bearing liabilities		121,554		2.91			122,954		2.21			116,992		2.15			134,437		1.41			128,166		0.64			125,831		0.46
Total noninterest-bearing deposits		25,726					24,300					32,953					51,729					43,051					32,852
Other liabilities		21,169					17,707					18,396					26,601					18,523					18,578
Discontinued Operations		2,653					2,400					2,361					2,352					2,366					2,307
VIE Liabilities & Obligations FAS 167		—					—					—					—					—					—
Total Shareholders’ Equity		29,551					28,507					27,996					28,771					27,978					28,934
Noncontrolling interest		137					129					129					72					35					31
Total liabilities and shareholders’ equity	$	200,790				$	195,997				$	198,827				$	243,962				$	220,119				$	208,533
Net interest margin – Taxable equivalent basis				2.09	%				1.11	%				1.92	%				2.32	%				1.87	%				1.80	%
Net interest margin excluding the SILO/LILO charge – Non-GAAP							2.17	%				2.24	%

(a) 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.

(b) 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
	September 30, 2009					December 31, 2009					March 31, 2010					June 30, 2010
(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)	$	54,343		1.08	%	$	55,467		1.09	%	$	55,800		1.03	%	$	50,741		1.01	%
Interest-bearing deposits with Federal Reserve bank		6,976		0.32			11,430		0.32			12,129		0.33			18,280		0.34
Other Short Term Investment (FRB)		—		—			—		—			—		—			—		—
Federal funds sold and securities under resale agreements		3,443		1.19			4,276		0.65			3,859		0.71			4,652		0.66
Margin loans		4,335		1.55			4,665		1.55			5,241		1.49			5,786		1.49
Non-margin loans:
Domestic offices		19,412		3.22			20,212		2.89			19,510		3.12			20,750		2.89
Foreign offices		10,788		1.99			10,362		1.75			9,463		1.62			10,128		1.53
Total non-margin loans		30,200		2.78			30,574		2.51			28,973		2.63			30,878		2.45
Securities
U.S. government obligations		4,605		1.45			5,729		1.44			6,600		1.40			6,162		1.46
U.S. government agency obligations		17,635		3.79			19,530		3.59			19,429		3.58			19,629		3.48
Obligations of states and political subdivisions		639		7.30			607		7.35			670		6.37			638		6.56
Other securities		31,010		3.04			29,707		3.49			28,653		4.20			27,601		4.14
Trading securities		1,973		2.30			2,090		2.53			2,075		2.49			2,752		2.62
Total securities		55,862		3.16			57,663		3.32			57,427		3.63			56,782		3.58
Total interest-earning assets		155,159		2.14			164,075		2.09			163,429		2.18			167,119		2.08
Allowance for credit losses		(425	)				(448	)				(502	)				(517	)
Cash and due from banks		3,247					3,104					3,514					3,673
Other assets		45,728					45,481					45,346					46,266
Discontinued Operations		2,077					1,993					898					260
Total Asset Consol VIE FAS 167		—					—					12,730					12,040
Total Assets	$	205,786				$	214,205				$	225,415				$	228,841
Liabilities and total equity
Interest-bearing liabilities:
Money market rate accounts	$	16,817		0.09	%	$	20,062		0.08	%	$	21,741		0.09	%	$	24,279		0.10	%
Savings		1,115		0.32			1,196		0.49			1,372		0.27			1,389		0.27
Certificates of deposit of $100,000 & over		847		0.62			589		0.32			648		0.25			332		0.16
Other time deposits		5,058		0.40			4,872		0.43			5,224		0.30			5,902		0.26
Foreign offices		69,795		0.08			71,685		0.10			72,049		0.16			68,061		0.19
Total interest-bearing deposits		93,632		0.11			98,404		0.12			101,034		0.16			99,963		0.17
Federal funds purchased and securities under repurchase agreements		3,075		0.20			3,361		0.14			3,697		0.07			4,441		0.19
Other borrowed funds		2,286		1.49			2,618		1.86			2,805		1.97			4,223		2.08
Borrowings from FRB Related to ABCP		—		—			—		—			—		—			—		—
Payables to customers and broker-dealers		5,844		0.10			6,476		0.07			6,372		0.08			6,596		0.09
Long-term debt		17,393		1.74			17,863		1.89			16,808		1.50			16,462		1.75
Total interest-bearing liabilities		122,230		0.37			128,722		0.40			130,716		0.36			131,685		0.43
Total noninterest-bearing deposits		34,920					34,991					33,330					34,628
Other liabilities		18,386					19,633					18,420					20,042
Discontinued Operations		2,077					1,993					898					260
VIE Liabilities & Obligations FAS 167		—					—					11,540					11,046
Total Shareholders’ Equity		28,144					28,843					29,715					30,434
Noncontrolling interest		29					23					796					746
Total liabilities and total equity	$	205,786				$	214,205				$	225,415				$	228,841
Net interest margin - Taxable equivalent basis				1.85	%				1.77	%				1.89	%				1.74	%
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 - 10 Quarter Trend

NONINTEREST EXPENSE

	2008								2009									2010
(dollar amounts in millions)	1st Qtr		2nd Qtr		3rd Qtr (b)		4th Qtr (b)		1st Qtr		2nd Qtr		3rd Qtr			4th Qtr		1st Qtr		2nd Qtr
Staff:
Compensation (a)	$	803	$	818	$	836	$	785	$	732	$	740	$	747		$	766	$	753	$	763
Incentives		365		385		241		256		247		241		242			266		284		272
Employee benefits		190		200		171		139		190		172		168			189		183		199
Total staff		1,358		1,403		1,248		1,180		1,169		1,153		1,157			1,221		1,220		1,234
Professional, legal and other purchased services(a)		238		259		251		273		237		237		265			278		241		256
Net occupancy		128		138		163		141		139		142		142			141		137		143
Distribution and servicing		130		131		133		123		107		106		104			109		109		106
Software		79		88		78		86		81		93		95			98		94		91
Sub-custodian		65		72		62		55		39		60		49			55		52		65
Furniture and equipment		79		78		80		86		77		76		76			80		75		71
Business development		65		75		62		76		44		49		45			76		52		68
Other		215		227		1,013		448		202		233		232			226		186		201
Subtotal	$	2,357	$	2,471	$	3,090	$	2,468	$	2,095	$	2,149	$	2,165		$	2,284	$	2,166	$	2,235
Special Litigation Reserves		N/A		N/A		N/A		N/A		N/A		N/A		N/A			N/A		164		N/A
FDIC special assessment		—		—		—		—		—		61		—			—		—		—
Amortization of intangible assets		119		123		118		113		107		108		104			107		97		98
Restructuring charges		—		—		—		181		10		6		(5	)		139		7		(15	)
Merger & integration expense:
The Bank of New York Mellon Corporation		121		146		107		97		68		59		54			52		26		14
Acquired Corporate Trust Business		5		3		4		—		—		—		—			—		—		—
Total noninterest expense	$	2,602	$	2,743	$	3,319	$	2,859	$	2,280	$	2,383	$	2,318		$	2,582	$	2,460	$	2,332
Employees at period-end(c)		42,000		42,500		42,900		42,500		41,700		41,800		42,000			42,200		42,300		42,700

(a) In the second quarter of 2009, certain temporary/consulting expenses were reclassified from professional, legal and other purchased services to compensation 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) The third and fourth quarters of 2008 include support agreement charges of $726 million and $163 million, respectively.

(c) Represents full time employees.

Page 6 of 19

THE BANK OF NEW YORK MELLON CORPORATION

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

	2008												2009												2010
(dollar amounts in billions unless otherwise noted)	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr
Market value of assets under management at period-end(in billions)
Institutional	$	636		$	625		$	585		$	445		$	394		$	425		$	461		$	611		$	620		$	595
Mutual Funds		373			393			384			400			413			421			421			416			396			370
Private Client		96			95			98			83			74			80			84			88			89			82
Total market value of assets under management		1,105			1,113			1,067			928			881			926			966			1,115			1,105			1,047
Composition of assets under management at period-end
Equity		40	%		38	%		36	%		29	%		27	%		31	%		34	%		31	%		32	%		30	%
Money Market		29	%		31	%		34	%		43	%		45	%		43	%		39	%		32	%		30	%		30	%
Fixed Income		18	%		18	%		20	%		18	%		19	%		17	%		17	%		21	%		21	%		23	%
Alternative investments and overlay		13	%		13	%		10	%		10	%		9	%		9	%		10	%		16	%		17	%		17	%
Total		100	%		100	%		100	%		100	%		100	%		100	%		100	%		100	%		100	%		100	%
Market value of assets under custody and administration at period-end(in trillions)	$	23.1		$	23.0		$	22.4		$	20.2		$	19.5		$	20.7		$	22.1		$	22.3		$	22.4		$	21.8
Market value of securities on loan at period-end	$	660		$	588		$	470		$	326		$	293		$	290		$	299		$	247		$	253		$	248
Market Indices
S&P 500 Index(a)		1323			1280			1166			903			798			919			1057			1115			1169			1031
S&P 500 Index - daily average		1353			1371			1252			916			809			891			995			1088			1123			1135
FTSE 100 Index(a)		5702			5626			4902			4434			3926			4249			5134			5413			5680			4917
FTSE 100 Index-daily average		5891			5979			5359			4270			4040			4258			4708			5235			5431			5361
NASDAQ Composite Index(a)		2279			2293			2092			1577			1529			1835			2122			2269			2398			2109
Lehman Brothers Aggregate Bond Index (a)		281			270			256			275			262			280			304			301			300			299
MSCI EAFE Index (a)		2039			1967			1553			1237			1056			1307			1553			1581			1584			1348
NYSE Volume(in billions)		159			141			180			181			161			151			126			112			103			140
NASDAQ Volume (in billions)		149			135			145			148			136			152			144			131			143			159

(a) Period end

Page 7 of 19

THE BANK OF NEW YORK MELLON CORPORATION

ASSETS UNDER MANAGEMENT NET FLOWS - 10 Quarter Trend

	2008												2009												2010
(dollar amounts in billions )	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr
Market value of assets under management at beginning of period	$	1,121		$	1,105		$	1,113		$	1,067		$	928		$	881		$	926		$	966		$	1,115		$	1,105
Net Flows
Long-term		(6	)		(8	)		(6	)		(22	)		(1	)		(17	)		(2	)		14			16			12
Money market		29			21			14			28			(11	)		(2	)		(14	)		(22	)		(25	)		(17	)
Total net inflows		23			13			8			6			(12	)		(19	)		(16	)		(8	)		(9	)		(5	)
Net Market appreciation/(depreciation)		(39	)		(6	)		(54	)		(137	)		(35	)		64			56			10			(1	)		(53	)
Acquisitions/other		—			1			—			(8	)		—			—			—			147	(a)		—			—
Market value of assets under management at end of period	$	1,105		$	1,113		$	1,067		$	928		$	881		$	926		$	966		$	1,115		$	1,105		$	1,047

(a) Represents acquisitions of Insight ($139 billion) and 20% interest in Siguler Guff ($8 billion).

Page 8 of 19

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESS SEGMENTS

ASSET MANAGEMENT - 10 Quarter Trend

	2008												2009												2010
(dollar amounts in millions unless otherwise noted)	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr (a)			1st Qtr (a), (b)			2nd Qtr (a), (b)
Revenue:
Asset and wealth management
Mutual funds		323			340			328			297			263			266			274			266			242			242
Institutional clients		304			290			265			193			181			175			197			227			264			264
Private clients		45			47			43			35			32			31			34			38			38			37
Performance fees		20			16			3			44			7			26			1			59			13			19
Total asset and wealth management		692			693			639			569			483			498			506			590			557			562
Distribution and servicing		86			99			93			93			92			90			84			84			75			75
Other fee revenue (c)		(27	)		4			(47	)		(100	)		(96	)		(59	)		2			6			17			—
Total fee and other revenue		751			796			685			562			479			529			592			680			649			637
Total revenue		763			805			694			607			494			536			599			683			649			638
Noninterest expenses (ex. intangible amortization and support agreement charges)		557			528			488			478			412			419			415			465			453			474
Income before taxes (ex. intangible amortization and support agreement charges)		206			277			206			129			82			117			184			218			196			164
Support agreement charges		—			5			328			2			(14	)		—			32			—			—			(7	)
Amortization of intangible assets		62			68			64			61			55			55			53			56			50			50
Income before taxes		144			204			(186	)		66			41			62			99			162			146			121
Average assets	$	13,238		$	13,410		$	13,286		$	13,135		$	12,663		$	12,404		$	12,424		$	12,859		$	25,187		$	24,895
Market value of assets under management at period-end (in billions) (d)	$	1,029		$	1,040		$	995		$	862		$	818		$	860		$	897		$	1,045		$	1,034		$	980
Pre-tax operating margin
GAAP		19	%		25	%		-27	%		11	%		8	%		12	%		16	%		24	%		23	%		19	%
Non-GAAP adjusted(e)		27	%		34	%		-18	%		21	%		19	%		22	%		25	%		32	%		30	%		27	%

(a) The fourth quarter of 2009, the first quarter 2010 and the second quarter 2010 include the financial results for the Insight acquisition, which closed November 2, 2009.

(b) Total fee and other revenue for the first and second quarters of 2010 includes income from consolidated asset management funds of $65 million and $65 million, respectively, and net income attributable to noncontrolling interest of $24 million and $33 million, respectively. The net of these income statement line items is included above in institutional client revenue of $25 million and $29 million, respectively, and other revenue of $16 million and $3 million, respectively.

(c) Includes investment write-downs of $24 million and $51 million in the first and fourth quarters of 2008, $34 million and $45 million in the first and second quarters of 2009.

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

(e) Excluding support agreement charges, investment write-downs and intangible amortization, pre-tax operating margin (Non-GAAP) was 29%, 35%, 30% and 27% for the first, second, third and fourth quarters of 2008, respectively, and 22%, 28%, 31% and 32% for the first, second, third and fourth quarters of 2009, respectively, and 30% and 26% for the first and second quarters of 2010, respectively.

Page 9 of 19

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESS SEGMENTS

WEALTH MANAGEMENT - 10 Quarter Trend

	2008												2009												2010
(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
Revenue:
Asset and wealth management		153			150			141			119			122			128			133			136			136			134
Other fee revenue		13			11			22			15			19			12			13			15			10			13
Total fee and other revenue		166			161			163			134			141			140			146			151			146			147
Net interest revenue (expense)		46			48			50			56			50			49			49			46			55			56
Total revenue		212			209			213			190			191			189			195			197			201			203
Provision for credit losses		—			(1	)		1			—			—			—			—			1			—			—
Noninterest expenses (ex. intangible amortization and support agreement charges)		142			143			142			143			129			136			135			138			136			145
Income before taxes (ex. intangible amortization and support agreement charges)		70			67			70			47			62			53			60			58			65			58
Support agreement charges		—		��	—			15			—			—			—			—			—			—			—
Amortization of intangible assets		13			13			14			14			11			11			12			11			9			9
Income before taxes		57			54			41			33			51			42			48			47			56			49
Average loans	$	4,390		$	4,816		$	5,231		$	5,309		$	5,388		$	5,684		$	6,010		$	6,191		$	6,302		$	6,350
Average assets	$	10,496		$	10,254		$	9,801		$	9,632		$	9,611		$	9,131		$	9,122		$	9,246		$	9,722		$	10,399
Average deposits	$	7,993		$	7,782		$	7,318		$	7,131		$	7,058		$	6,628		$	6,602		$	6,804		$	7,310		$	7,991
Market value of total client assets at period-end(in billions) (a)	$	164		$	162		$	158		$	139		$	132		$	142		$	151		$	154		$	157		$	150
Pre-tax operating margin
GAAP		27	%		26	%		20	%		18	%		27	%		22	%		25	%		24	%		28	%		24	%
Non-GAAP adjusted(excluding intangible amortization)		33	%		32	%		26	% (b)		25	%		32	%		28	%		31	%		29	%		32	%		28	%

(a) Includes assets under management, before amounts subadvised by/for other segments, of $76 billion and $71 billion in the first and second quarters of 2010; of $66 billion, $69 billion, $74 billion and $75 billion in the first, second, third and fourth quarters of 2009; of $84 billion, $81 billion, $77 billion and $69 billion in the first, second, third and fourth quarters of 2008.

(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 - 10 Quarter Trend

	2008												2009												2010
(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
Revenue:
Securities servicing fees - ex. securities lending(a)		634			648			631			583			504			557			573			581			569			586
Securities lending revenue		229			182			143			163			79			85			32			25			24			30
Foreign Exchange and other trading activities		202			228			262			372			210			216			190			177			170			207
Other fee revenue		44			36			47			25			48			46			50			33			35			83
Total fee and other revenue		1,109			1,094			1,083			1,143			841			904			845			816			798			906
Net interest revenue (expense)		222			213			240			411			249			211			229			205			210			216
Total revenue		1,331			1,307			1,323			1,554			1,090			1,115			1,074			1,021			1,008			1,122
Noninterest expenses (ex. intangible amortization and support agreement charges)		733			826			825			835			704			721			748			788			740			765
Income before taxes (ex. intangible amortization and support agreement charges)		598			481			498			719			386			394			326			233			268			357
Support agreement charges		14			(14	)		381			160			6			(15	)		(19	)		(5	)		(23	)		16
Amortization of intangible assets		7			5			6			6			7			9			6			6			6			5
Income before taxes		577			490			111			553			373			400			339			232			285			336
Average loans(a)	$	8,967		$	7,284		$	8,538		$	10,376		$	5,743		$	4,744		$	3,727		$	3,962		$	3,378		$	4,683
Average assets	$	52,468		$	54,763		$	57,795		$	71,455		$	65,204		$	58,339		$	59,914		$	59,980		$	59,704		$	62,940
Average deposits	$	46,092		$	48,436		$	51,492		$	64,500		$	57,084		$	50,583		$	52,271		$	51,755		$	52,183		$	55,343
Pre-tax operating margin
GAAP		43	%		37	%		8	%		36	%		34	%		36	%		32	%		23	%		28	%		30	%
Non-GAAP adjusted(excluding intangible amortization)		43	%		38	%		9	%(c)		36	%(c)		35	%		37	%		32	%		23	%		29	%		30	%
MEMO:
Market value of securities on loan at period-end (in billions) (b)	$	660		$	588		$	470		$	326		$	293		$	290		$	299		$	247		$	253		$	248

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

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

(c) Excluding support agreement charges, pre-tax operating 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 - 10 Quarter Trend

	2008												2009												2010
(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
Revenue:
Securities servicing fees - Issuer services		374			443			475			392			363			373			359			367			333			353
Other fee revenue		35			38			56			46			42			40			30			43			25			27
Total fee and other revenue		409			481			531			438			405			413			389			410			358			380
Net interest revenue (expense)		153			176			170			211			200			185			180			203			252			216
Total revenue		562			657			701			649			605			598			569			613			610			596
Provision for credit losses		—			—			—			—			—			—			—			—			—			—
Noninterest expenses (ex. intangible amortization)		318			349			349			319			297			305			304			318			304			318
Income before taxes (ex. intangible amortization)		244			308			352			330			308			293			265			295			306			278
Amortization of intangible assets		20			20			21			20			21			20			20			20			20			21
Income before taxes		224			288			331			310			287			273			245			275			286			257
Average assets	$	32,227		$	35,167		$	34,264		$	38,987		$	50,864		$	52,161		$	47,975		$	52,028		$	52,838		$	48,938
Average deposits	$	27,632		$	30,557		$	29,546		$	34,294		$	45,963		$	47,293		$	43,183		$	47,320		$	48,470		$	44,560
Pre-tax operating margin
GAAP		40	%		44	%		47	%		48	%		48	%		46	%		43	%		45	%		47	%		43	%
Non-GAAP adjusted(excluding intangible amortization)		43	%		47	%		50	%		51	%		51	%		49	%		47	%		48	%		50	%		47	%

Page 12 of 19

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESS SEGMENTS

CLEARING SERVICES - 10 Quarter Trend

	2008												2009												2010
(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
Revenue:
Securities servicing fees - Clearing services		250			259			254			277			249			248			232			219			227			240
Other fee revenue		53			64			63			72			72			66			59			45			44			36
Total fee and other revenue		303			323			317			349			321			314			291			264			271			276
Net interest revenue (expense)		75			75			75			96			82			87			81			90			95			93
Total revenue		378			398			392			445			403			401			372			354			366			369
Provision for credit losses		—			—			—			—			—			—			—			—			—			—
Noninterest expenses (ex. intangible amortization)		263			291			282			268			252			256			245			241			255			270
Income before taxes (ex. intangible amortization)		115			107			110			177			151			145			127			113			111			99
Amortization of intangible assets		6			6			8			6			7			7			6			7			6			7
Income before taxes		109			101			102			171			144			138			121			106			105			92
Average loans	$	6,629		$	7,263		$	7,384		$	6,735		$	5,927		$	5,918		$	6,058		$	6,847		$	7,622		$	8,448
Average assets	$	16,408		$	17,395		$	18,471		$	21,128		$	18,600		$	17,014		$	17,827		$	20,365		$	20,338		$	21,550
Pre-tax operating margin
GAAP		29	%		25	%		26	%		38	%		36	%		34	%		33	%		30	%		29	%		25	%
Non-GAAP adjusted(excluding intangible amortization)		30	%		27	%		28	%		40	%		38	%		36	%		34	%		32	%		30	%		27	%

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 - 10 Quarter Trend

	2008												2009												2010
(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
Revenue:
Treasury services		121			125			125			129			121			128			124			130			127			121
Other fee revenue		103			125			135			93			106			52			82			92			98			75
Total fee and other revenue		224			250			260			222			227			180			206			222			225			196
Net interest revenue (expense)		185			155			159			231			159			157			149			148			176			161
Total revenue		409			405			419			453			386			337			355			370			401			357
Provision for credit losses		—			—			—			—			—			—			—			—			—			—
Noninterest expenses (ex. intangible amortization)		203			200			201			200			189			191			180			187			182			188
Income before taxes (ex. intangible amortization)		206			205			218			253			197			146			175			183			219			169
Amortization of intangible assets		7			7			6			7			6			7			6			6			6			5
Income before taxes		199			198			212			246			191			139			169			177			213			164
Average loans	$	15,690		$	15,938		$	14,995		$	16,353		$	13,921		$	13,228		$	11,648		$	10,982		$	10,436		$	10,290
Average assets	$	24,153		$	21,227		$	22,384		$	34,585		$	28,665		$	24,764		$	24,223		$	26,275		$	26,716		$	26,486
Average deposits	$	20,056		$	17,316		$	18,397		$	30,052		$	24,867		$	20,321		$	19,989		$	22,138		$	22,257		$	22,209
Pre-tax operating margin
GAAP		49	%		49	%		51	%		54	%		50	%		41	%		48	%		48	%		53	%		46	%
Non-GAAP adjusted(excluding intangible amortization)		50	%		51	%		52	%		56	%		51	%		43	%		49	%		50	%		55	%		47	%

Page 14 of 19

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESS SEGMENTS

OTHER - 10 Quarter Trend

	2008												2009													2010
(dollar amounts in millions unless otherwise noted)	1st Qtr			2nd Qtr (b)			3rd Qtr (b)			4th Qtr (c)			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr (c)				1st Qtr (d)			2nd Qtr
Revenue:
Total fee and other revenue(a)		20			(116	)		(113	)		(1,031	)		(278	)		(223	)		(4,685	)		52				143			61
Net interest revenue (expense)		50			(288	)		(22	)		(3	)		20			4			21			29				(23	)		(21	)
Total revenue		70			(404	)		(135	)		(1,034	)		(258	)		(219	)		(4,664	)		81				120			40
Provision for credit losses		14			14			22			54			59			61			147			64				35			20
Noninterest expenses (ex. intangible amortization and merger & integration expense)		127			143			79			63			120			136			125			152				119			66
Income before taxes and extraordinary (loss) (ex. intangible amortization and merger & integration expense)		(71	)		(561	)		(236	)		(1,151	)		(437	)		(416	)		(4,936	)		(135	)	��		(34	)		(46	)
Amortization of intangible assets		4			4			(1	)		(1	)		—			(1	)		1			1				—			1
Special Litigation Reserves		N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A				164			N/A
FDIC special assessment		—			—			—			—			—			61			—			—				—			—
Restructuring		—			—			—			181			10			6			(5	)		139				7			(15	)
Merger & integration expenses		126			149			111			97			68			59			54			52				26			14
Income before taxes and extraordinary (loss)		(201	)		(714	)		(346	)		(1,428	)		(515	)		(541	)		(4,986	)		(327	)			(231	)		(46	)
Average loans	$	11,348		$	10,332		$	9,287		$	9,553		$	7,979		$	7,455		$	7,092		$	7,257			$	6,476		$	6,836
Average assets	$	49,147		$	41,381		$	40,465		$	52,688		$	32,146		$	32,413		$	32,224		$	31,459			$	30,012		$	33,374
Average deposits	$	15,959		$	14,141		$	12,216		$	11,478		$	10,062		$	6,923		$	6,507		$	5,378			$	4,144		$	4,457

(a) Total fee and other revenue includes investment write-downs of $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 and the fourth quarter of 2009 includes a pretax global efficiency restructuring charge of $181 million and $139 million, respectively.

(d) The first quarter of 2010 includes a $164 million pretax charge related to special litigation reserves.

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 adopteddiscontinued operations accounting for Mellon United National Bank (MUNB) located in Miami, Florida; previously, the financial results were included in the Other segment. On January 15, 2010,we completed the sale of MUNB. 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

	Asset Management									Wealth Management									Asset Servicing									Issuer Services
(dollar amounts in millions unless otherwise noted)	2009			2008			2007			2009			2008			2007			2009			2008			2007			2009			2008			2007
Revenue:
Securities servicing fees
Asset servicing		86			124			99			27			27			16			2,436			3,213			2,763			1			23			—
Issuer services		—			—			—			—			—			—			1			1			—			1,462			1,684			1,660
Clearing services		12			14			12			—			—			—			—			—			—			—			—			—
Total securities servicing fees		98			138			111			27			27			16			2,437			3,214			2,763			1,463			1,707			1,660
Asset and wealth management		1,984			2,510			2,724			519			563			609			—			—			—			1			—			—
Performance fees		93			83			171			—			—			—			—			—			—			—			—			—
Foreign exchange & other trading		20			20			14			7			14			3			793			1,064			604			85			80			37
Treasury services		—			—			—			3			3			3			10			8			11			2			1			—
Distribution and service fees		350			371			357			1			4			1			9			10			2			—			—			1
Financing-related fees		6			10			8			3			4			8			11			14			40			—			—			—
Investment Income		31			(82	)		(10	)		—			—			—			—			—			—			—			—			—
Other		(224	)		(178	)		(77	)		15			9			(9	)		146			130			170			66			71			66
Total fee revenue		2,358			2,872			3,298			575			624			631			3,406			4,440			3,590			1,617			1,859			1,764
Securities gains (losses)		(78	)		(78	)		(9	)		3			—			—			—			(11	)		—			—			—			1
Total fee and other revenue		2,280			2,794			3,289			578			624			631			3,406			4,429			3,590			1,617			1,859			1,765
Net interest revenue (expense)		32			75			5			194			200			170			894			1,086			755			768			710			617
Total revenue		2,312			2,869			3,294			772			824			801			4,300			5,515			4,345			2,385			2,569			2,382
Provision for credit losses		—			—			—			1			—			—			—			—			—			—			—			—
Noninterest expenses (ex. M&I expenses and intangible amortization)		1,729			2,386			2,158			538			585			558			2,928			3,760			2,999			1,224			1,335			1,203
Income before taxes and extraordinary (loss) (ex. M&I expenses and intangible amortization)		583			483			1,136			233			239			243			1,372			1,755			1,346			1,161			1,234			1,179
Amortization of intangible assets		219			255			166			45			54			29			28			24			18			81			81			75
Merger & integration expense		—			—			—			—			—			—			—			—			—			—			—			—
Income before taxes, noncontrolling interest and extraordinary (loss)		364			228			970			188			185			214			1,344			1,731			1,328			1,080			1,153			1,104
Average loans	$	—		$	—		$	—		$	5,821		$	4,938		$	4,089		$	4,537		$	8,795		$	7,810		$	—		$	—		$	—
Average assets	$	12,564		$	13,267		$	9,413		$	9,276		$	10,044		$	8,387		$	60,842		$	59,150		$	42,818		$	50,752		$	35,169		$	26,742
Average deposits	$	—		$	—		$	—		$	6,772		$	7,554		$	6,950		$	52,907		$	52,659		$	38,034		$	45,936		$	30,515		$	22,361
Market value of assets under management at period-end (in billions)	$	1,045		$	862		$	1,044		$	70		$	66		$	77		$	—		$	—		$	—		$	—		$	—		$	—
Market value of assets under custody and administration at period-end (in billions)	$	6		$	3		$	4		$	80		$	70		$	85		$	22,171		$	20,086		$	22,988		$	—		$	—		$	—
Market value of securities on loan at period-end (in billions)	$	—		$	—		$	—		$	—		$	—		$	—		$	247		$	326		$	633		$	—		$	—		$	—
Pre-tax operating margin - GAAP		16	%		8	%		29	%		24	%		23	%		27	%		31	%		31	%		31	%		45	%		45	%		46	%
Pre-tax operating margin (ex. intangible amortization) - Non-GAAP		25	%		17	%		34	%		30	%		29	%		30	%		32	%		32	%		31	%		49	%		48	%		49	%
Pre-tax operating margin - Non-GAAP(a)		30	%		30	%		34	%		31	%		30	%		30	%		42	%		42	%		31	%		48	%		48	%		49	%

(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

	Clearing Services									Treasury Services									Other									Consolidated Results
(dollar amounts in millions unless otherwise noted)	2009			2008			2007			2009			2008			2007			2009			2008			2007			2009			2008			2007
Revenue:
Securities servicing fees
Asset servicing		—			—			—			24			6			13			(1	)		(23	)		(2	)		2,573			3,370			2,889
Issuer services		—			—			—			—			—			—			—			—			—			1,463			1,685			1,660
Clearing services		948			1,040			955			—			—			—			2			11			205			962			1,065			1,172
Total securities servicing fees		948			1,040			955			24			6			13			1			(12	)		203			4,998			6,120			5,721
Asset and wealth management		29			41			46			—			—			—			13			21			19			2,546			3,135			3,398
Performance fees		—			—			—			���			—			—			—			—			—			93			83			171
Foreign exchange & other trading		134			108			51			7			232			167			(10	)		(56	)		25			1,036			1,462			901
Treasury services		—			—			—			503			500			456			1			2			9			519			514			479
Distribution and service fees		—			—			—			45			41			14			(8	)		(5	)		—			397			421			375
Financing-related fees		1			2			2			196			160			176			(2	)		(4	)		1			215			186			235
Investment Income		—			—			—			33			50			12			162			239			215			226			207			217
Other		78			101			76			29			(30	)		54			1			111			83			111			214			363
Total fee revenue		1,190			1,292			1,130			837			959			892			158			296			555			10,141			12,342			11,860
Securities gains (losses)		—			—			—			(2	)		(3	)		—			(5,292	)		(1,536	)		(189	)		(5,369	)		(1,628	)		(197	)
Total fee and other revenue		1,190			1,292			1,130			835			956			892			(5,134	)		(1,240	)		366			4,772			10,714			11,663
Net interest revenue (expense)		340			321			303			613			730			576			74			(263	)		20			2,915			2,859			2,446
Total revenue		1,530			1,613			1,433			1,448			1,686			1,468			(5,060	)		(1,503	)		386			7,687			13,573			14,109
Provision for credit losses		—			—			—			—			—			—			331			104			(10	)		332			104			(10	)
Noninterest expenses (ex. M&I expenses and intangible amortization)		994			1,104			1,023			747			804			798			744			593			756			8,904			10,567			9,495
Income before taxes and extraordinary (loss) (ex. M&I expenses and intangible amortization)		536			509			410			701			882			670			(6,135	)		(2,200	)		(360	)		(1,549	)		2,902			4,624
Amortization of intangible assets		27			26			24			25			27			14			1			6			13			426			473			339
Merger & integration expense		—			—			—			—			—			—			233			483			528			233			483			528
Income before taxes, noncontrolling interest and extraordinary (loss)		509			483			386			676			855			656			(6,369	)		(2,689	)		(901	)		(2,208	)		1,946			3,757
Average loans	$	6,190		$	7,003		$	6,843		$	12,434		$	15,744		$	13,815		$	7,442		$	10,126		$	10,662		$	36,424		$	46,606		$	43,219
Average assets	$	18,455		$	18,358		$	14,967		$	25,971		$	25,603		$	20,736		$	32,079		$	45,925		$	44,451		$	209,939		$	207,516		$	167,514
Average deposits	$	—		$	—		$	—		$	21,816		$	21,470		$	17,144		$	7,221		$	13,441		$	14,876		$	134,652		$	125,639		$	99,365
Market value of assets under management at period-end (in billions)	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	1,115		$	928		$	1,121
Market value of assets under custody and administration at period-end (in billions)	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	22,257		$	20,159		$	23,077
Market value of securities on loan at period-end (in billions)	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	247		$	326		$	633
Pre-tax operating margin - GAAP		33	%		30	%		27	%		47	%		51	%		45	%		n/m			179	%		n/m			n/m			14	%		27	%
Pre-tax operating margin (ex. intangible amortization) - Non-GAAP		35	%		32	%		29	%		48	%		52	%		46	%		n/m			179	%		n/m			n/m			18	%		29	%
Pre-tax operating margin - Non-GAAP (a)		32	%		32	%		29	%		52	%		52	%		46	%		n/m			n/m			n/m			31	%		39	%		35	%
MEMO:
Securities lending revenue																													259			789			441

(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.

n/m - not meaningful

Page 17 of 19

THE BANK OF NEW YORK MELLON CORPORATION

CONTINUING OPERATIONS - 10 Quarter Trend

NONPERFORMING ASSETS

	2008												2009												2010
(dollar amounts in millions)	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr
Loans:
Commercial real estate	$	49		$	106		$	118		$	130		$	197		$	63		$	63		$	61		$	50		$	49
Financial Institutions	$	—			—			—			41			30			39			180			172			102			20
Other residential mortgages		33			55			75			97			143			163			183			190			204			229
Commercial		50			52			65			14			34			43			71			65			40			40
Wealth Management		—			—			—			2			6			63			58			58			58			62
Foreign		78			60			1			—			2			1			—			—			—			—
Lease finance assets		—			—			—			—			—			—			—			—			—			—
Total nonperforming loans		210			273			259			284			412			372			555			546			454			400
Other assets owned		5			6			8			8			9			6			5			4			5			6
Total acquired property		—			—			—			—			—			—			—			—			—			—
Total nonperforming assets(a)	$	215		$	279		$	267		$	292		$	421		$	378		$	560		$	550		$	459		$	406
Nonperforming assets ratio		0.4	%		0.6	%		0.5	%		0.7	%		1.0	%		1.0	%		1.5	%		1.5	%		1.4	%		1.1	%
Allowance for loan losses/nonperforming loans		149.5			129.3			140.9			146.1			114.1			116.7			82.2			92.1			114.5			135.5
Allowance for loan losses/nonperforming assets		146.0			126.5			136.7			142.1			111.6			114.8			81.4			91.5			113.3			133.4
Total allowance for credit losses/nonperforming loans		231.9			178.0			190.7			186.3			135.7			141.4			107.4			115.0			140.5			161.3
Total allowance for credit losses/nonperforming assets		226.5			174.2			185.0			181.2			132.8			139.2			106.4			114.2			139.0			158.9

(a) Nonperforming assets at June 30, 2009, September 30, 2009 and December 31, 2009 excludes discontinued operations. Nonperforming assets for all periods prior to June 30, 2009 include discontinued operations.

Page 18 of 19

THE BANK OF NEW YORK MELLON CORPORATION

CONTINUING OPERATIONS - 10 Quarter Trend

ALLOWANCE FOR CREDIT LOSSES, PROVISION AND NET CHARGE-OFFS

	2008												2009												2010
(dollar amounts in millions)	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr
Allowance for credit losses:
Allowance for loan losses	$	327		$	314		$	353		$	365		$	415		$	470		$	434		$	456		$	503		$	520
Allowance for lending-related commitments		167			173			133			129			114			89			92			140			125			118
Allowance at beginning of period		494			487			486			494			529			559			526			596			628			638
Net (charge-offs)/recoveries
Charge-offs		(14	)		(14	)		(27	)		(27	)		(51	)		(54	)		(77	)		(33	)		(37	)		(14	)
Recoveries		1			1			5			2			1			—			—			—			12			1
Total Net (charge-offs)/recoveries		(13	)		(13	)		(22	)		(25	)		(50	)		(54	)		(77	)		(33	)		(25	)		(13	)
Provision for credit losses(a)		16			25			30			60			59			61			147			65			35			20
Impact of Merger		—			—			—			—			—			—			—			—			—			—
Transfer to Discontinued Operations		—			—			—			—			21			(40	)		—			—			—			—
Sale of Mellon 1st Business Bank		—			(13	)		—			—			—			—			—			—			—			—
SFAS 159 Adoption		(10	)		—			—			—			—			—			—			—			—			—
Allowance at end of period		487			486			494			529			559			526			596			628			638			645
Allowance for loan losses	$	314		$	353		$	365		$	415		$	470		$	434		$	456		$	503		$	520		$	542
Allowance for lending related-commitments		173			133			129			114			89			92			140			125			118			103
Allowance at end of period(a)		487			486			494			529			559			526			596			628			638			645
Allowance for loan losses as a percentage of total loans(b)		0.60	%		0.70	%		0.62	%		0.96	%		1.13	%		1.14	%		1.26	%		1.37	%		1.54	%		1.46	%

(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