The Bank of New York Mellon Corporation (BK) 8-K Fourth Quarter 2011 Financial Highlights

Exhibit 99.2

THE BANK OF NEW YORK MELLON CORPORATION

Financial Trends

Notes:

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

On December 31, 2011, we completed the sale of Shareowner Services. The financial results for Shareowner Services are included in the Investment Services business. In the first quarter of 2011, we realigned our internal reporting structure and business presentation to focus on two principal businesses, Investment Management and Investment Services. Investment Management includes the former Asset Management and Wealth Management businesses. Investment Services includes the former Asset Servicing, Issuer Services and Clearing Services businesses as well as the Cash Management business previously included in the Treasury Services business. The credit-related activities previously included in Treasury Services business, are now included in the Other segment. Accordingly, the income statement has been changed to reflect this realignment. Investment management and performance fees consist of the former asset and wealth management fee revenue and Investment services fees consist of the former securities servicing fees, including asset servicing, issuer services, clearing services, as well as treasury services fee revenue. All prior periods have been reclassified. The reclassifications did not affect the results of operations.

In the first quarter of 2011, we revised the net interest revenue for our businesses to reflect a new approach to transfer pricing domestic deposits. All prior period business results have been restated to reflect this revision. The revision did not impact consolidated results.

On July 1, 2010 and August 2, 2010 we completed the acquisitions of Global Investment Servicing (“GIS”) and BHF Asset Servicing GmbH (“BAS”). The financial results for GIS are included in the Investment Services and Other businesses. The financial results for BAS are included in the Investment Services business.

On January 1, 2010, we adopted SFAS No. 167, “Amendments to FASB Interpretation No. 46 (R).” Certain investment management funds are 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 investment management funds; previously these were disclosed as investment management and performance fees revenue and investment and other 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 Investment Management business.

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.

The following items have impacted the comparability 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 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.

Expense efficiency restructuring charges - Recorded charges in the fourth quarters of 2008 and 2009, third quarter of 2010 and fourth quarter of 2011

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

Summations may not equal due to rounding. As a result of this rounding convention, immaterial differences may exist between the business trends data versus business data on the Form 10-K for the year ended December 31, 2010.

Certain reclassifications have been made to prior periods to place them on a basis comparable with the current periods presentation.

Discontinued Operations Accounting:

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

Average Assets:

In businesses 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 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 January 18, 2012, furnished as an exhibit to the Report on Form 8-K to which these Financial Trends are furnished as an exhibit.

Page 1 of 14

THE BANK OF NEW YORK MELLON CORPORATION

CONTINUING OPERATIONS - 12 Quarter Trend

	2009												2010												2011
(dollar amounts in millions unless otherwise noted)	1st Qtr			2nd Qtr (a)			3rd Qtr (b)			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
Revenue:
Investment services fees
Asset servicing	$	609		$	671		$	643		$	650		$	637		$	668		$	863		$	908		$	917		$	973		$	922		$	885
Issuer services		364			372			359			368			333			354			364			409			351			365			442			287
Clearing services		253			250			236			223			230			245			252			278			292			292			297			278
Treasury services		125			132			128			134			131			125			139			135			134			134			133			134
Total investment services fees		1,351			1,425			1,366			1,375			1,331			1,392			1,618			1,730			1,694			1,764			1,794			1,584
Investment management and performance fees		622			645			664			746			686			686			696			800			764			779			729			730
Foreign exchange & other trading revenue		307			237			246			246			262			220			146			258			198			222			200			228
Distribution and servicing		101			95			73			57			48			51			56			55			53			49			43			42
Financing-related fees		48			54			56			57			50			48			49			48			43			49			40			38
Investment and other income		(2	)		53			205			81			145			145			97			80			81			145			83			146
Total fee revenue		2,427			2,509			2,610			2,562			2,522			2,542			2,662			2,971			2,833			3,008			2,889			2,768
Net Securities gains (losses)		(295	)		(256	)		(4,833	)		15			7			13			6			1			5			48			(2	)		(3	)
Total fee and other revenue		2,132			2,253			(2,223	)		2,577			2,529			2,555			2,668			2,972			2,838			3,056			2,887			2,765
Income of consolidated investment management funds		—			—			—			—			65			65			37			59			110			63			32			(5	)
Net interest revenue		775			700			716			724			765			722			718			720			698			731			775			780
Total revenue		2,907			2,953			(1,507	)		3,301			3,359			3,342			3,423			3,751			3,646			3,850			3,694			3,540
Provision for credit losses		59			61			147			65			35			20			(22	)		(22	)		—			—			(22	)		23
Noninterest expenses		2,091			2,145			2,158			2,266			2,146			2,219			2,429			2,624			2,578			2,690			2,653			2,583
Special Litigation Reserves		N/A			N/A			N/A			N/A			164			N/A			N/A			N/A			N/A			N/A			N/A			N/A
FDIC special assessment		—			61			—			—			—			—			—			—			—			—			—			—
Amortization of intangible assets		107			108			104			107			97			98			111			115			108			108			106			106
Restructuring charges		10			6			(5	)		139			7			(15	)		15			21			(6	)		(7	)		(5	)		107
Merger & integration expense		68			59			54			52			26			14			56			43			17			25			17			32
Total noninterest expense		2,276			2,379			2,311			2,564			2,440			2,316			2,611			2,803			2,697			2,816			2,771			2,828
Income/ (loss) from continuing operations before taxes		572			513			(3,965	)		672			884			1,006			834			970			949			1,034			945			689
Income taxes		161			12			(1,527	)		(41	)		258			304			220			265			279			277			281			211
Income/ (loss) from continuing operations		411			501			(2,438	)		713			626			702			614			705			670			757			664			478
Income/ (loss) from discontinued operations, net of tax		(41	)		(91	)		(19	)		(119	)		(42	)		(10	)		(3	)		(11	)		—			—			—			—
Net income attributable to noncontrolling interest(c)		(1	)		2			(1	)		(1	)		(25	)		(34	)		11			(15	)		(45	)		(22	)		(13	)		27
Redemption charge and preferred dividends		(47	)		(236	)		—			—			—			—			—			—			—			—			—			—
Net income/ (loss) applicable to shareholders of The Bank of New York Mellon Corporation	$	322		$	176		$	(2,458	)	$	593		$	559		$	658		$	622		$	679		$	625		$	735		$	651		$	505
EPS from continuing operations	$	0.31		$	0.23		$	(2.04	)	$	0.59		$	0.49		$	0.55		$	0.51		$	0.55		$	0.50		$	0.59		$	0.53		$	0.42
EPS from continuing operations - Non-GAAP(d)	$	0.56		$	0.51		$	0.54		$	0.55		$	0.59		$	0.55		$	0.55		$	0.59		$	0.50		$	0.60		$	0.53		$	0.49
Market value of assets under management at period-end (in billions)	$	881		$	926		$	966		$	1,115		$	1,105		$	1,047		$	1,141		$	1,172		$	1,229		$	1,274		$	1,198		$	1,260
Market value of assets under custody and administration at period-end (in trillions)	$	19.5		$	20.7		$	22.1		$	22.3		$	22.4		$	21.8		$	24.4		$	25.0		$	25.5		$	26.3		$	25.9		$	25.8
Market value of securities on loan at period-end (in billions)	$	293		$	290		$	299		$	247		$	253		$	248		$	279		$	278		$	278		$	273		$	250		$	269
Pre-tax operating margin
GAAP-before extraordinary (loss)		20	%		17	%		N/M			20	%		26	%		30	%		24	%		26	%		26	%		27	%		26	%		19	%
Non-GAAP adjusted(e)		33	%		31	%		31	%		29	%		34	%		32	%		30	%		30	%		28	%		29	%		29	%		27	%
Return on tangible common equity(annualized):
Non-GAAP-before extraordinary (loss)		28.8	%		18.4	%		N/M			33.0	%		25.8	%		25.7	%		26.3	%		27.5	%		24.3	%		26.3	%		22.1	%		17.7	%
Return on common equity (annualized)
GAAP-before extraordinary (loss)		5.8	%		4.0	%		N/M			9.8	%		8.2	%		8.8	%		7.8	%		8.5	%		7.7	%		8.8	%		7.6	%		5.9	%
Percent of non-US fee and net interest revenue - GAAP		31	%		32	%		N/M			36	%		34	%		35	%		36	%		38	%		36	%		37	%		39	%		34	%
Percent of non-US fee and net interest revenue - Non-GAAP(f)		29	%		31	%		31	%		36	%		35	%		35	%		36	%		38	%		37	%		37	%		39	%		34	%

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

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

(c) Includes income of ($24) million for the first quarter of 2010, income of ($33) million for the second quarter of 2010, loss of $12 million for the third quarter of 2010, income of ($14) million for the fourth quarter of 2010, income of ($44) million for the first quarter of 2011, income of ($21) million for the second quarter of 2011 and income of ($13) million for the four quarter and income of $28 million for the four quarter of 2011 related to consolidated investment management funds.

(d) Calculated excluding investment securities losses, TARP redemption premium/dividend, FDIC special assessment, SILO/LILO/tax settlements, M&I expenses, restructuring charges, benefit of tax settlements and tax discrete benefits and 1st quarter 2010 special litigation reserves.

(e) Calculated excluding investment securities losses, asset-based taxes, FDIC special assessment, M&I expenses, restructuring charges, intangible amortization, 1st quarter 2010 special litigation reserves, 1st, 2nd, 3rd and 4th quarters 2010 and 2011 noncontrolling interests of consolidated investment management funds.

(f) Calculated excluding net securities gains (losses) and including noncontrolling interest 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 14

THE BANK OF NEW YORK MELLON CORPORATION

CONTINUING OPERATIONS - 12 Quarter Trend

FEE AND OTHER REVENUE

	2009												2010												2011
(dollar amounts in millions unless otherwise noted)	1st Qtr			2nd Qtr			3rd Qtr (a)			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
Investment services fees
Asset servicing	$	519		$	574		$	600		$	621		$	608		$	622		$	826		$	870		$	880		$	911		$	881		$	842
Securities lending		90			97			43			29			29			46			37			38			37			62			41			43
Issuer services		364			372			359			368			333			354			364			409			351			365			442			287
Clearing services		253			250			236			223			230			245			252			278			292			292			297			278
Treasury services		125			132			128			134			131			125			139			135			134			134			133			134
Total investment services fees		1,351			1,425			1,366			1,375			1,331			1,392			1,618			1,730			1,694			1,764			1,794			1,584
Investment management and performance fees		622			645			664			746			686			686			696			800			764			779			729			730
Foreign exchange & other trading revenue		307			237			246			246			262			220			146			258			198			222			200			228
Distribution and servicing		101			95			73			57			48			51			56			55			53			49			43			42
Financing-related fees		48			54			56			57			50			48			49			48			43			49			40			38
Investment and other income		(2	)		53			205			81			145			145			97			80			81			145			83			146
Total fee revenue		2,427			2,509			2,610			2,562			2,522			2,542			2,662			2,971			2,833			3,008			2,889			2,768
Income of consolidated asset management funds, net of noncontrolling interest		—			—			—			—			41			32			49			45			66			42			19			23
Total fee revenue - Non-GAAP(b)		2,427			2,509			2,610			2,562			2,563			2,574			2,711			3,016			2,899			3,050			2,908			2,791
Net securities gains (losses)		(295	)		(256	)		(4,833	)		15			7			13			6			1			5			48			(2	)		(3	)
Total fee and other revenue - Non-GAAP		2,132			2,253			(2,223	)		2,577			2,570			2,587			2,717			3,017			2,904			3,098			2,906			2,788
Fee and other revenue as a percentage of total revenue - Non-GAAP(c)		76	%		78	%		78	%		78	%		75	%		76	%		78	%		79	%		78	%		79	%		78	%		78	%
Market value of assets under management at period-end (in billions)	$	881		$	926		$	966		$	1,115		$	1,105		$	1,047		$	1,141		$	1,172		$	1,229		$	1,274		$	1,198		$	1,260
Market value of assets under custody and administration at period-end (in trillions)	$	19.5		$	20.7		$	22.1		$	22.3		$	22.4		$	21.8		$	24.4		$	25.0		$	25.5		$	26.3		$	25.9		$	25.8
Market value of securities on loan at period-end (in billions)	$	293		$	290		$	299		$	247		$	253		$	248		$	279		$	278		$	278		$	273		$	250		$	269
S&P 500 Index - period-end		798			919			1057			1115			1169			1031			1141			1258			1326			1321			1131			1258
S&P 500 Index - daily average		809			891			995			1088			1123			1135			1095			1204			1302			1318			1227			1224

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

(b) On July 1, 2010 and August 2, 2010 the GIS and BAS acquisitions were completed.

(c) Excludes net securities gains/(losses).

Page 3 of 14

THE BANK OF NEW YORK MELLON CORPORATION

CONTINUING OPERATIONS

Average Balances and Interest Rates

	Quarter Ended
	March 31, 2009						June 30, 2009						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			Average balance			Average rates			Average balance			Average rates
Assets
Interest-earning assets:
Interest-bearing deposits with banks (primarily foreign)	$	56,487			1.65	%	$	56,917			1.22	%	$	54,343			1.04	%	$	55,467			1.07	%	$	55,800			0.94	%	$	50,741			0.89	%
Interest-bearing deposits with Federal Reserve bank		23,192			0.37			6,338			0.01			6,976			0.72			11,430			0.32			12,129			0.33			18,280			0.34
Other Short Term Investment (FRB)		1,286			—			—			—			—			—			—			—			—			—			—			—
Federal funds sold and securities under resale agreements		2,310			0.81			2,899			1.29			3,443			1.19			4,276			0.65			3,859			0.71			4,652			0.66
Margin loans		4,219			1.63			4,134			1.62			4,335			1.55			4,665			1.55			5,241			1.49			5,786			1.49
Non-margin loans:
Domestic offices		21,613			2.89			20,723			3.18			19,398			3.22			20,197			2.88			19,495			3.12			20,735			2.89
Foreign offices		13,123			2.56			12,170			2.21			10,803			1.99			10,377			1.75			9,478			1.62			10,143			1.53
Total non-margin loans		34,736			2.75			32,893			2.82			30,201			2.78			30,574			2.50			28,973			2.63			30,878			2.45
Securities
U.S. government obligations		787			2.50			1,679			1.67			4,605			1.45			5,729			1.44			6,600			1.40			6,162			1.46
U.S. government agency obligations		12,063			3.74			14,748			3.74			17,635			3.78			19,530			3.59			19,429			3.58			19,629			3.48
Obligations of states and political subdivisions		767			6.71			710			7.01			639			7.03			607			6.88			670			6.37			638			6.56
Other securities		29,848			4.46			34,765			2.85			31,010			3.05			29,707			3.49			28,653			4.20			27,601			4.14
Trading securities		1,728			2.81			2,179			2.50			1,973			2.30			2,090			2.53			2,075			2.49			2,752			2.62
Total securities		45,193			4.20			54,081			3.11			55,862			3.17			57,663			3.32			57,427			3.63			56,782			3.58
Total interest-earning assets		167,423			2.35			157,262			2.17			155,159			2.15			164,075			2.08			163,429			2.15			167,119			2.04
Allowance for credit losses		(378	)					(426	)					(425	)					(448	)					(502	)					(517	)
Cash and due from banks		4,824						3,412						3,238						3,104						3,514						3,673
Other assets		45,880						45,975						45,730						45,481						45,346						46,266
Discontinued Operations		2,370						2,310						2,085						1,993						898						260
Total Asset Consol VIE FAS 167		—						—						—						—						12,730						12,040
Total Assets	$	220,119					$	208,533					$	205,787					$	214,205					$	225,415					$	228,841
Liabilities and total equity
Interest-bearing liabilities:
Money market rate accounts	$	2,058			0.25	%	$	2,388			0.42	%	$	2,569			0.38	%	$	3,384			0.65	%	$	3,164			0.43	%	$	3,892			0.48	%
Savings		1,165			0.61			1,070			0.44			1,115			0.32			1,196			(0.61	)		1,372			0.27			1,389			0.27
Certificates of deposit of $100,000 & over		1,478			1.11			942			1.00			847			0.62			589			0.32			648			0.25			332			0.16
Other time deposits		22,080			0.21			20,839			0.15			19,306			0.14			21,550			0.14			23,801			0.09			26,289			0.08
Foreign offices		75,202			0.32			73,657			0.14			69,795			0.08			71,685			0.08			72,049			0.10			68,061			0.10
Total interest-bearing deposits		101,983			0.31			98,896			0.16			93,632			0.11			98,404			0.11			101,034			0.11			99,963			0.11
Federal funds purchased and securities under repurchase agreements		1,839			0.09			2,485			(0.46	)		3,075			0.20			3,362			0.14			3,697			0.07			4,441			0.19
Trading Liabilities		961			1.10			1,125			1.45			1,428			2.07			1,608			2.09			1,178			2.91			1,668			2.69
Other borrowed funds		2,824			1.73			1,632			0.75			860			0.52			1,011			1.48			1,627			1.29			2,555			1.69
Borrowings from FRB Related to ABCP		1,269			—			—			—			—			—			—			—			—			—			—			—
Payables to customers and broker-dealers		3,797			0.20			4,901			0.13			5,845			0.10			6,476			0.07			6,372			0.08			6,596			0.09
Long-term debt		15,493			2.68			16,793			2.34			17,393			1.75			17,863			1.89			16,808			1.50			16,462			1.75
Total interest-bearing liabilities		128,166			0.64			125,832			0.46			122,233			0.37			128,724			0.39			130,716			0.33			131,685			0.37
Total noninterest-bearing deposits		43,085						32,874						34,937						34,991						33,330						34,628
Other liabilities		18,485						18,552						18,359						19,644						18,420						20,042
Discontinued Operations		2,370						2,310						2,085						1,993						898						260
VIE Liabilities & Obligations FAS 167		—						—						—						—						11,540						11,046
Total Shareholders’ Equity		27,978						28,934						28,144						28,843						29,715						30,462
Noncontrolling interest		35						31						29						10						796						718
Total liabilities and shareholders’ equity	$	220,119					$	208,533					$	205,787					$	214,205					$	225,415					$	228,841
Net interest margin - Taxable equivalent basis					1.86	%					1.80	%					1.86	%					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. In the second quarter of 2011, certain money market rate accounts were reclassified to other time deposits. All prior periods have been restated.

Page 4 of 14

THE BANK OF NEW YORK MELLON CORPORATION

CONTINUING OPERATIONS

Average Balances and Interest Rates (continued)

	Quarter Ended
	September 30, 2010						December 31, 2010						March 31, 2011						June 30, 2011						September 30, 2011						December 31, 2011
(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)	$	60,431			0.83	%	$	59,660			0.81	%	$	57,637			0.90	%	$	59,291			0.98	%	$	60,412			1.00	%	$	43,628			1.08	%
Interest-bearing deposits with Federal Reserve bank		9,813			0.40			16,787			0.32			20,373			0.32			34,078			0.32			61,115			0.31			72,126			0.32
Other Short Term Investment (FRB)		-			-			-			-			-			-			-						-			-			-			-
Federal funds sold and securities under resale agreements		4,559			0.46			5,553			3.15			4,514			0.50			4,577			0.46			4,865			0.71			5,271			0.64
Margin loans		6,269			1.47			6,289			1.55			7,484			1.48			9,508			1.34			9,379			1.34			11,886			1.26
Non-margin loans:
Domestic offices		21,072			2.74			21,754			2.55			21,856			2.57			21,093			2.54			21,583			2.43			21,794			2.37
Foreign offices		9,428			1.61			9,486			1.53			9,226			1.44			9,727			1.53			9,527			1.52			10,556			1.54
Total non-margin loans		30,500			2.39			31,240			2.24			31,082			2.22			30,820			2.23			31,110			2.15			32,350			2.10
Securities
U.S. government obligations		7,229			1.63			11,390			1.51			12,849			1.61			14,337			1.63			14,079			1.57			18,693			1.45
U.S. government agency obligations		20,074			3.29			21,406			2.95			20,221			2.98			20,466			3.09			20,998			2.93			25,006			2.58
Obligations of states and political subdivisions		615			6.43			587			6.53			557			6.37			934			5.32			1,611			4.13			2,452			3.47
Other securities		30,075			3.86			31,987			3.55			31,770			3.43			33,045			3.25			34,175			3.30			33,830			3.19
Trading securities		3,194			2.57			2,698			3.02			3,698			2.44			2,877			2.44			2,509			2.62			2,490			2.94
Total securities		61,187			3.36			68,068			3.02			69,095			2.93			71,659			2.87			73,372			2.86			82,471			2.60
Total interest-earning assets		172,759			1.99			187,597			1.90			190,185			1.80			209,933			1.70			240,253			1.55			247,732			1.50
Allowance for credit losses		(538	)					(530	)					(494	)					(463	)					(437	)					(384	)
Cash and due from banks		3,903						4,224						4,088						4,325						5,204						4,687
Other assets		50,007						50,220						49,577						50,459						53,305						52,200
Discontinued Operations		247						223						—						—						—						—
Total Asset Consol VIE FAS 167		13,947						14,675						14,342						14,226						13,138						11,839
Total Assets	$	240,325					$	256,409					$	257,698					$	278,480					$	311,463					$	316,074
Liabilities and total equity
Interest-bearing liabilities:
Money market rate accounts	$	4,466			0.52	%	$	6,296			0.40	%	$	5,417			0.38	%	$	4,029			0.41	%	$	4,532			0.35	%	$	4,666			0.27
Savings		1,389			0.26			1,433			0.22			1,600			0.16			1,646			0.16			1,692			0.15			1,163			0.19
Certificates of deposit of $100,000 & over		214			0.11			285			0.08			296			0.06			369			0.05			394			0.05			396			0.05
Other time deposits		27,440			0.07			29,002			0.07			31,823			0.09			34,484			0.08			35,597			0.07			35,624			0.07
Foreign offices		70,524			0.13			74,760			0.14			77,379			0.19			85,430			0.26			83,580			0.26			88,494			0.22
Total interest-bearing deposits		104,033			0.13			111,776			0.14			116,515			0.17			125,958			0.22			125,795			0.21			130,343			0.18
Federal funds purchased and securities under repurchase agreements		5,984			0.09			7,256			2.13			5,172			0.07			10,894			0.06			10,164			0.03			8,008			(0.07	)
Trading Liabilities		1,961			2.51			1,704			2.06			2,764			1.86			1,524			2.35			1,911			1.25			1,225			1.62
Other borrowed funds		2,068			0.85			1,999			0.80			1,821			1.61			1,877			0.99			2,256			0.77			2,159			0.93
Borrowings from FRB Related to ABCP		—			—			—			—			—			—			—			—			—			—			—			—
Payables to customers and broker-dealers		6,910			0.08			5,878			0.11			6,701			0.10			6,843			0.09			7,692			0.10			8,023			0.08
Long-term debt		16,798			2.04			16,624			1.87			17,014			1.87			17,380			1.63			18,256			1.60			19,546			1.55
Total interest-bearing liabilities		137,754			0.41			145,237			0.47			149,987			0.40			164,476			0.38			166,074			0.37			169,304			0.34
Total noninterest-bearing deposits		33,198						39,625						38,616						43,038						73,389						76,309
Other liabilities		23,770						24,740						22,350						23,694						25,462						25,432
Discontinued Operations		247						223						—						—						—						—
VIE Liabilities & Obligations FAS 167		12,778						13,481						13,114						12,966						11,728						10,516
Total Shareholders’ Equity		31,868						32,379						32,827						33,464						34,008						33,761
Noncontrolling interest		710						724						804						842						802						752
Total liabilities and total equity	$	240,325					$	256,409					$	257,698					$	278,480					$	311,463					$	316,074
Net interest margin - Taxable equivalent basis					1.67	%					1.54	%					1.49	%					1.41	%					1.30	%					1.27	%
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. In the second quarter of 2011, certain money market rate accounts were reclassified to other time deposits. All prior periods have been restated.

Page 5 of 14

THE BANK OF NEW YORK MELLON CORPORATION

CONTINUING OPERATIONS - 12 Quarter Trend

NONINTEREST EXPENSE

	2009									2010									2011
(dollar amounts in millions)	1st Qtr		2nd Qtr		3rd Qtr			4th Qtr		1st Qtr		2nd Qtr			3rd Qtr		4th Qtr		1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
Staff:
Compensation	$	732	$	740	$	747		$	766	$	753	$	763		$	850	$	871	$	876		$	903		$	903		$	885
Incentives		247		241		242			266		284		272			289		348		325			328			328			281
Employee benefits		190		172		168			189		183		199			205		198		223			232			226			216
Total staff		1,169		1,153		1,157			1,221		1,220		1,234			1,344		1,417		1,424			1,463			1,457			1,382
Professional, legal and other purchased services		237		237		265			278		241		256			282		320		283			301			311			322
Software and equipment		158		169		171			178		169		162			187		207		206			203			193			213
Net occupancy		139		142		142			141		137		143			150		158		153			161			151			159
Distribution and servicing		103		102		97			91		89		90			94		104		111			109			100			96
Sub-custodian		39		60		49			55		52		65			60		70		68			88			80			62
Business development		44		49		45			76		52		68			63		88		56			73			57			75
Other		202		233		232			226		186		201			249		260		277			292			304			274
Subtotal(a)	$	2,091	$	2,145	$	2,158		$	2,266	$	2,146	$	2,219		$	2,429	$	2,624	$	2,578		$	2,690		$	2,653		$	2,583
Special Litigation Reserves		N/A		N/A		N/A			N/A		164		N/A			N/A		N/A		N/A			N/A			N/A			—
FDIC special assessment		—		61		—			—		—		—			—		—		—			—			—			—
Amortization of intangible assets		107		108		104			107		97		98			111		115		108			108			106			106
Restructuring charges		10		6		(5	)		139		7		(15	)		15		21		(6	)		(7	)		(5	)		107
Merger & integration expense		68		59		54			52		26		14			56		43		17			25			17			32
Total noninterest expense	$	2,276	$	2,379	$	2,311		$	2,564	$	2,440	$	2,316		$	2,611	$	2,803	$	2,697		$	2,816		$	2,771		$	2,828
Employees at period-end(b)		41,700		41,800		42,000			42,200		42,300		42,700			47,700		48,000		48,400			48,900			49,600			48,700

(a) On July 1, 2010 and August 2, 2010 the GIS and BAS acquisitions were completed.

(b) Represents full time employees.

Page 6 of 14

THE BANK OF NEW YORK MELLON CORPORATION

ASSETS UNDER MANAGEMENT/ CUSTODY AND ADMINISTRATION / SECURITIES LENDING - 12 Quarter Trend

	2009												2010												2011
(dollar amounts in billions unless otherwise noted)	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
Market value of assets under management at period-end (in billions)
Institutional	$	394		$	425		$	461		$	611		$	620		$	595		$	639		$	639		$	701		$	733		$	719		$	757
Mutual Funds		413			421			421			416			396			370			418			454			451			462			406			427
Private Client		74			80			84			88			89			82			84			79			77			79			73			76
Total market value of assets under management(a)		881			926			966			1,115			1,105			1,047			1,141			1,172			1,229			1,274			1,198			1,260
Composition of assets under management at period-end
Equity		29	%		30	%		32	%		30	%		31	%		30	%		31	%		32	%		34	%		34	%		30	%		31	%
Money Market		44	%		43	%		39	%		32	%		30	%		30	%		29	%		29	%		27	%		26	%		27	%		26	%
Fixed Income		17	%		17	%		18	%		27	%		28	%		30	%		30	%		29	%		30	%		31	%		35	%		35	%
Alternative investments and overlay		10	%		10	%		11	%		11	%		11	%		10	%		10	%		10	%		9	%		9	%		8	%		8	%
Total		100	%		100	%		100	%		100	%		100	%		100	%		100	%		100	%		100	%		100	%		100	%		100	%
Market value of assets under custody and administration at period-end (in trillions)	$	19.5		$	20.7		$	22.1		$	22.3		$	22.4		$	21.8		$	24.4		$	25.0		$	25.5		$	26.3		$	25.9		$	25.8
Market value of securities on loan at period-end(b)	$	293		$	290		$	299		$	247		$	253		$	248		$	279		$	278		$	278		$	273		$	250		$	269
Market Indices
S&P 500 Index(c)		798			919			1057			1115			1169			1031			1141			1258			1326			1321			1131			1258
S&P 500 Index-daily average		809			891			995			1088			1123			1135			1095			1204			1302			1318			1227			1224
FTSE 100 Index(c)		3926			4249			5134			5413			5680			4917			5549			5900			5909			5946			5128			5572
FTSE 100 Index-daily average		4040			4258			4708			5235			5431			5361			5312			5760			5945			5906			5470			5424
Barclays Capital Aggregate Bond Index (c)		262			280			304			301			300			299			329			323			328			341			346			347
MSCI Emerging Markets (EM) IMI Index (c)		554			750			902			981			1004			914			1074			1151			1164			1140			874			904
NYSE & NASDAQ Share Volume (in billions)		297			303			270			243			246			299			233			219			225			213			250			206

(a) Excludes securities lending cash management assets

(b) Represents the securities on loan managed by the Investment Services business

(c) Period end

Page 7 of 14

THE BANK OF NEW YORK MELLON CORPORATION

ASSETS UNDER MANAGEMENT NET FLOWS -12 Quarter Trend

	2009												2010										2011
(dollar amounts in billions )	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr		4th Qtr		1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
Market value of assets under management at beginning of period	$	928		$	881		$	926		$	966		$	1,115		$	1,105		$	1,047	$	1,141	$	1,172		$	1,229		$	1,274		$	1,198
Net Flows
Long-term		(1	)		(17	)		(2	)		14			16			12			11		9		31			32			4			16
Money market		(11	)		(2	)		(14	)		(22	)		(25	)		(17	)		18		6		(5	)		(1	)		(15	)		7
Total net inflows		(12	)		(19	)		(16	)		(8	)		(9	)		(5	)		29		15		26			31			(11	)		23
Net Market and currency impact/other		(35	)		64			56			10			(1	)		(53	)		65		16		31			14			(65	)		39
Acquisitions		—			—			—			147	(a)		—			—			—		—		—			—			—			—
Market value of assets under management at end of period(b)	$	881		$	926		$	966		$	1,115		$	1,105		$	1,047		$	1,141	$	1,172	$	1,229		$	1,274		$	1,198		$	1,260

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

(b) Excludes securities lending cash management assets

Page 8 of 14

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESSES

INVESTMENT MANAGEMENT - 12 Quarter Trend

	2009												2010												2011
(dollar amounts in millions unless otherwise noted)	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr (a)			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
Revenue:
Investment management:
Mutual funds		267			271			283			277			249			254			270			293			283			290			263			237
Institutional clients		198			191			216			242			280			279			282			300			319			319			311			299
Wealth management fees		139			146			153			158			159			153			154			157			164			163			157			154
Performance fees		7			26			1			59			13			19			16			75			17			18			11			47
Total investment management revenue		611			634			653			736			701			705			722			825			783			790			742			737
Distribution and servicing		81			79			64			55			47			49			53			52			51			48			41			41
Other fee revenue(b)		(76	)		(47	)		12			23			27			13			18			22			36			27			(23	)		(9	)
Total fee and other revenue		616			666			729			814			775			767			793			899			870			865			760			769
Net interest revenue		72			62			58			50			52			53			50			50			53			47			51			55
Total revenue		688			728			787			864			827			820			843			949			923			912			811			824
Provision for credit losses		—			—			—			1			—			1			—			2			—			1			—			—
Noninterest expenses (ex. intangible amortization)		524			551			573			587			569			596			624			667			630			643			625			634
Income before taxes (ex. intangible amortization)		164			177			214			276			258			223			219			280			293			268			186			190
Amortization of intangible assets		67			66			64			67			58			59			59			61			55			53			53			53
Income before taxes		97			111			150			209			200			164			160			219			238			215			133			137
Average assets	$	22,274		$	21,536		$	21,546		$	22,009		$	33,805		$	33,944		$	36,197		$	37,648		$	37,318		$	36,742		$	36,950		$	37,165
Market value of assets under management at period-end (in billions) (c)	$	881		$	926		$	966		$	1,115		$	1,105		$	1,047		$	1,141		$	1,172		$	1,229		$	1,274		$	1,198		$	1,260
Pre-tax operating margin
GAAP		14	%		15	%		19	%		24	%		24	%		20	%		19	%		23	%		26	%		24	%		16	%		17	%
Non-GAAP (ex. intangible amortization and net distribution and servicing expense) (d)		28	%		28	%		31	%		36	%		35	%		31	%		29	%		33	%		36	%		33	%		26	%		26	%

(a) Insight Investment Management acquisition closed November 2, 2009.

(b) Other revenue includes asset servicing, clearing services and treasury services revenue.

(c) Excludes securities lending cash management assets.

(d) Distribution and servicing expense totaled for 2009 totaled $103 million, $102 million, $96 million, and $92 million, respectively; for 2010 totaled $88 million, $90 million, $94 million, and $104 million, respectively; and for 2011 totaled $110 million, $108 million, $99 million and $95 million, respectively.

Page 9 of 14

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESSES

INVESTMENT SERVICES - 12 Quarter Trend

	2009												2010												2011
(dollar amounts in millions unless otherwise noted)	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
Revenue:
Investment services fees
Asset servicing fees—ex. securities lending		506			557			581			595			583			597			812			855			864			891			862			823
Securities lending revenue		79			86			32			25			24			30			26			27			27			52			32			35
Issuer services		364			373			359			367			333			354			364			409			351			365			442			288
Clearing services		249			248			232			219			227			240			250			276			290			290			294			275
Treasury services		124			130			128			133			130			124			138			134			133			134			132			133
Total investment services fees		1,322			1,394			1,332			1,339			1,297			1,345			1,590			1,701			1,665			1,732			1,762			1,554
Foreign Exchange and other trading revenue		289			287			242			241			221			249			185			227			208			202			235			195
Other fee revenue(a),(b)		120			124			115			82			72			120			90			82			77			84			72			171
Total fee and other revenue (a)		1,731			1,805			1,689			1,662			1,590			1,714			1,865			2,010			1,950			2,018			2,069			1,920
Net interest revenue		643			595			559			552			653			608			589			598			639			668			679			649
Total revenue(c)		2,374			2,400			2,248			2,214			2,243			2,322			2,454			2,608			2,589			2,686			2,748			2,569
Provision for credit losses		—			—			—			—			—			—			—			—			—			—			—			—
Noninterest expenses (ex. intangible amortization) (c)		1,409			1,418			1,423			1,490			1,420			1,522			1,631			1,760			1,763			1,837			1,901			1,765
Income before taxes (ex. intangible amortization)		965			982			825			724			823			800			823			848			826			849			847			804
Amortization of intangible assets		40			43			39			39			38			39			52			53			53			54			52			53
Income before taxes		925			939			786			685			785			761			771			795			773			795			795			751
Average loans	$	15,193		$	13,639		$	12,449		$	13,766		$	14,273		$	17,053		$	17,941		$	19,053		$	20,554		$	22,891		$	22,879		$	26,804
Average assets	$	158,431		$	146,804		$	145,072		$	153,815		$	154,226		$	154,644		$	160,597		$	176,719		$	178,752		$	193,498		$	224,131		$	231,341
Average deposits	$	127,670		$	118,035		$	115,409		$	120,991		$	122,910		$	122,276		$	124,972		$	137,964		$	141,115		$	154,771		$	184,181		$	190,349
Pre-tax operating margin
GAAP		39	%		39	%		35	%		31	%		35	%		33	%		31	%		30	%		30	%		30	%		29	%		29	%
Non-GAAP adjusted (excluding intangible amortization)		41	%		41	%		37	%		33	%		37	%		34	%		34	%		33	%		32	%		32	%		31	%		31	%
Market value of assets under custody and administration at period-end (in trillions)	$	19.5		$	20.7		$	22.1		$	22.3		$	22.4		$	21.8		$	24.4		$	25.0		$	25.5		$	26.3		$	25.9		$	25.8
Market value of securities on loan at period-end (in billions) (d)	$	293		$	290		$	299		$	247		$	253		$	248		$	279		$	278		$	278		$	273		$	250		$	269

(a) Total fee and other revenue includes investment management fees and distribution and servicing revenue.

(b) The fourth quarter of 2011 includes a pre-tax gain of $98 million from the sale of Shareowner Services

(c) On July 1, 2010 and August 2, 2010 the GIS and BAS acquisitions were completed.

(d) Represents the securities on loan managed by the Investment Services business.

Page 10 of 14

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESSES

OTHER - 12 Quarter Trend

	2009												2010												2011
(dollar amounts in millions unless otherwise noted)	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
Revenue:
Fee and other revenue(a)		(215	)		(218	)		(4,641	)		101			205			106			59			108			84			215			77			99
Net interest revenue		60			43			99			122			60			61			79			72			6			16			45			76
Total revenue		(155	)		(175	)		(4,542	)		223			265			167			138			180			90			231			122			175
Provision for credit losses		59			61			147			64			35			19			(22	)		(24	)		—			(1	)		(22	)		23
Noninterest expenses (ex. FDIC special assessment, special litigation reserves, intangible amortization, M&I expenses and restructuring charges)		158			176			162			189			157			101			174			197			185			210			127			184
Income before taxes (ex. FDIC special assessment, special litigation reserves, intangible amortization, M&I expenses and restructuring charges)		(372	)		(412	)		(4,851	)		(30	)		73			47			(14	)		7			(95	)		22			17			(32	)
Amortization of intangible assets		—			(1	)		1			1			1			—			—			1			—			1			1			—
Special Litigation Reserves		N/A			N/A			N/A			N/A			164			N/A			N/A			N/A			N/A			N/A			N/A			N/A
FDIC special assessment		—			61			—			—			—			—			—			—			—			—			—			—
Restructuring charges		10			6			(5	)		139			7			(15	)		15			21			(6	)		(7	)		(5	)		107
Merger & integration expenses		68			59			54			52			26			14			56			43			17			25			17			32
Income before taxes and extraordinary (loss)		(450	)		(537	)		(4,901	)		(222	)		(125	)		48			(85	)		(58	)		(106	)		3			4			(171	)
Average loans	$	18,377		$	17,707		$	16,076		$	15,282		$	13,639		$	13,261		$	12,308		$	11,808		$	11,187		$	10,553		$	10,652		$	10,223
Average assets	$	37,048		$	37,886		$	37,091		$	36,388		$	36,486		$	39,993		$	43,284		$	41,819		$	41,628		$	48,240		$	50,382		$	47,568
Average deposits	$	10,290		$	7,076		$	6,528		$	5,572		$	4,129		$	4,297		$	3,804		$	4,297		$	4,744		$	5,229		$	4,611		$	4,542

(a) Total fee and other revenue includes investment write-downs of $316 million, $209 million and $4.8 billion in the first, second and third quarters of 2009.

Page 11 of 14

THE BANK OF NEW YORK MELLON CORPORATION

BUSINESSES

	Investment Management									Investment Services									Other									Consolidated Results
(dollar amounts in millions unless otherwise noted)	2011			2010			2009			2011			2010			2009			2011			2010			2009			2011 (b)			2010 (b)			2009
Revenue:
Investment services fees
Asset servicing		112			122			113			3,586			2,954			2,461			(1	)		—			(1	)		3,697			3,076			2,573
Issuer services		—			—			—			1,446			1,460			1,463			(1	)		—			—			1,445			1,460			1,463
Clearing services		10			12			12			1,149			993			948			—			—			2			1,159			1,005			962
Treasury services		2			3			3			532			526			515			1			1			1			535			530			519
Total investment services fees		124			137			128			6,713			5,933			5,387			(1	)		1			2			6,836			6,071			5,517
Investment management fees		2,959			2,830			2,541			53			36			30			3			4			13			3,015			2,870			2,584
Performance fees		93			123			93			1			—			—			—			—			—			94			123			93
Foreign exchange and other trading revenue		7			26			28			840			882			1,059			1			(22	)		(51	)		848			886			1,036
Distribution and servicing		181			201			279			6			8			54			—			1			(7	)		187			210			326
Financing-related fees		6			7			10			52			52			49			112			136			156			170			195			215
Investment and other income		(107	)		(102	)		(178	)		292			268			308			313			343			207			498			509			337
Total fee revenue		3,263			3,222			2,901			7,957			7,179			6,887			428			463			320			11,648			10,864			10,108
Net Securities gains (losses)		1			12			(76	)		—			—			—			47			15			(5,293	)		48			27			(5,369	)
Total fee and other revenue		3,264			3,234			2,825			7,957			7,179			6,887			475			478			(4,973	)		11,696			10,891			4,739
Net interest revenue (expense)		206			205			242			2,635			2,448			2,349			143			272			324			2,984			2,925			2,915
Total revenue		3,470			3,439			3,067			10,592			9,627			9,236			618			750			(4,649	)		14,680			13,816			7,654
Provision for credit losses		1			3			1			—			—			—			—			8			331			1			11			332
Noninterest expenses (ex. M&I expenses and intangible amortization)		2,532			2,456			2,235			7,266			6,333			5,740			795			821			896			10,593			9,610			8,871
Income before taxes and extraordinary (loss) (ex. M&I expenses and intangible amortization)		937			980			831			3,326			3,294			3,496			(177	)		(79	)		(5,876	)		4,086			4,195			(1,549	)
Amortization of intangible assets		214			237			264			212			182			161			2			2			1			428			421			426
Merger & integration expense		—			—			—			—			—			—			91			139			233			91			139			233
Income before taxes, noncontrolling interest and extraordinary (loss)		723			743			567			3,114			3,112			3,335			(270	)		(220	)		(6,110	)		3,567			3,635			(2,208	)
Average loans	$	6,970		$	6,461		$	5,821		$	23,298		$	17,096		$	13,754		$	10,651		$	12,748		$	16,849		$	40,919		$	36,305		$	36,424
Average assets	$	37,043		$	35,411		$	21,840		$	207,454		$	161,605		$	151,001		$	46,648		$	40,420		$	37,098		$	291,145		$	237,436		$	209,939
Average deposits	$	10,113		$	8,240		$	6,788		$	168,115		$	127,066		$	120,494		$	4,451		$	4,132		$	7,370		$	182,679		$	139,438		$	134,652
Market value of assets under management at period-end (in billions)	$	1,260		$	1,172		$	1,115		$	—		$	—		$	—		$	—		$	—		$	—		$	1,260		$	1,172		$	1,115
Market value of assets under custody and administration at period-end (in trillions)	$	—		$	—		$	—		$	25.8		$	25.0		$	22.3		$	—		$	—		$	—		$	25.8		$	25.0		$	22.3
Market value of securities on loan at period-end (in billions)	$	—		$	—		$	—		$	269		$	278		$	247		$	—		$	—		$	—		$	269		$	278		$	247
Pre-tax operating margin—GAAP		21	%		22	%		18	%		29	%		32	%		36	%		n/m			n/m			n/m			24	%		26	%		n/m
Pre-tax operating margin (ex. intangible amortization)—Non-GAAP		27	%		28	%		27	%		31	%		34	%		38	%		n/m			n/m			n/m			27	%		29	%		n/m
Pre-tax operating margin—Non-GAAP(a)		27	%		29	%		30	%		31	%		34	%		42	%		n/m			n/m			n/m			28	%		32	%		31	%
Memo:
Securities Lending Revenue																													183			150			259

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

(b) Total fee and other revenue and income before taxes for the year 2010 and 2011 includes income from consolidated investment management funds of $226 million and $200 million, respectively, net of income attributable to noncontrolling interests of $59 million and $50 million, respectively. The net of these income statement line items of $167 million and $150 million, respectively, are included above in fee and other revenue.

n/m - not meaningful

Note: See pages 9-11for details of revenue/expense items impacting respective business results.

Page 12 of 14

THE BANK OF NEW YORK MELLON CORPORATION

CONTINUING OPERATIONS - 12 Quarter Trend

NONPERFORMING ASSETS

	2009												2010												2011
(dollar amounts in millions)	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
Loans:
Other residential mortgages	$	143		$	163		$	183		$	190		$	204		$	229		$	238		$	244		$	245		$	236		$	228		$	203
Wealth Management		6			63			58			58			58			62			66			59			56			31			32			32
Commercial real estate		197			63			63			61			50			49			39			44			36			28			28			40
Commercial		34			43			71			65			40			40			35			34			32			31			21			21
Foreign		2			1			—			—			7			7			—			7			7			13			13			10
Financial Institutions		30			39			180			172			95			13			16			5			4			4			12			23
Total nonperforming loans		412			372			555			546			454			400			394			393			380			343			334			329
Other assets owned		9			6			5			4			5			6			7			6			6			8			10			12
Total nonperforming assets(a)	$	421		$	378		$	560		$	550		$	459		$	406		$	401		$	399		$	386		$	351		$	344		$	341
Nonperforming assets ratio		1.01	%		0.99	%		1.54	%		1.50	%		1.35	%		1.09	%		1.06	%		1.06	%		0.96	%		0.83	%		0.76	%		0.78	%
Allowance for loan losses/nonperforming loans		114.1			116.7			82.2			92.1			114.5			135.5			135.5			126.7			122.9			128.6			117.4			119.8
Allowance for loan losses/nonperforming assets		111.6			114.8			81.4			91.5			113.3			133.5			133.2			124.8			121.0			125.6			114.0			115.5
Total allowance for credit losses/nonperforming loans		135.7			141.4			107.4			115.0			140.5			161.3			154.3			145.3			145.8			156.0			149.1			151.1
Total allowance for credit losses/nonperforming assets		132.8			139.2			106.4			114.2			139.0			158.9			151.6			143.1			143.5			152.4			144.8			145.7

(a) Loans of consolidated investment management funds are not part of BNY Mellon’s loan portfolio. Included in these loans are nonperforming loans for the 1st, 2nd , 3rd and 4th quarters of 2010 of $150 million, $131 million, $231 million and $218 million, respectively, and for 1st, 2nd, 3rd and 4th quarters of 2011 of $239 million, $216 million, $265 million, and $101 million, respectively. These loans are recorded at fair value and therefore do not impact the provision for credit losses and allowance for loan losses, and accordingly are excluded from the nonperforming assets table above.

Page 13 of 14

THE BANK OF NEW YORK MELLON CORPORATION

CONTINUING OPERATIONS—12 Quarter Trend

ALLOWANCE FOR CREDIT LOSSES, PROVISION AND NET CHARGE-OFFS

	2009												2010												2011
(dollar amounts in millions)	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
Allowance for credit losses:
Allowance for credit losses	$	415		$	470		$	434		$	456		$	503		$	520		$	542		$	534		$	498		$	467		$	441		$	392
Allowance for unfunded commitments		114			89			92			140			125			118			103			74			73			87			94			106
Allowance for credit losses—beginning of period		529			559			526			596			628			638			645			608			571			554			535			498
Net (charge-offs)/recoveries
Charge-offs		(51	)		(54	)		(77	)		(33	)		(37	)		(14	)		(17	)		(17	)		(19	)		(21	)		(17	)		(25	)
Recoveries		1			—			—			—			12			1			2			2			2			2			2			1
Total Net (charge-offs)/recoveries		(50	)		(54	)		(77	)		(33	)		(25	)		(13	)		(15	)		(15	)		(17	)		(19	)		(15	)		(24	)
Provision for credit losses(a)		59			61			147			65			35			20			(22	)		(22	)		—			—			(22	)		23
Impact of Merger		—			—			—			—			—			—			—			—			—			—			—			—
Transfer to Discontinued Operations		21			(40	)		—			—			—			—			—			—			—			—			—			—
Allowance for credit losses—end of period		559			526			596			628			638			645			608			571			554			535			498			497
Allowance for loan losses	$	470		$	434		$	456		$	503		$	520		$	542		$	534		$	498		$	467		$	441		$	392		$	394
Allowance for unfunded commitments		89			92			140			125			118			103			74			73			87			94			106			103
Allowance for credit losses—end of period(a)		559			526			596			628			638			645			608			571			554			535			498			497
Allowance for loan losses as a percentage of total loans		1.13	%		1.14	%		1.26	%		1.37	%		1.54	%		1.46	%		1.41	%		1.32	%		1.17	%		1.05	%		0.87	%		0.90	%

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

Page 14 of 14