Exhibit 23.2

[LOGO OF KPMG]

One Mellon Bank Center
Pittsburgh, PA 15219 Telephone 412 391 9710
Fax 412 391 8963

The Board of Directors
Mellon Financial Corporation:

We consent to the incorporation by reference in this Registration Statement on Form S-8 regarding the Mellon 401(k) Retirement Savings Plan of our report dated January 16, 2001, relating to the consolidated balance sheets of Mellon Financial Corporation and subsidiaries as of December 31, 2000 and 1999, and the related consolidated statements of income, changes in shareholders' equity and cash flows for each of the years in the three-year period ended December 31, 2000, which report appears in the December 31, 2000, annual report on Form 10-K of Mellon Financial Corporation and our report dated May 15, 2000, relating to the statements of net assets available for plan benefits of the Mellon 401(k) Retirement Savings Plan as of December 31, 1999 and 1998, and the related statements of changes in net assets available for plan benefits for the years then ended, which report appears in the December 31, 1999, Mellon 401(k) Retirement Savings Plan's annual report on Form 11-K.

Pittsburgh, Pennsylvania
May 8, 2001

/s/ KPMG LLP