MELLON FINANCIAL CORPORATION

BUSINESS SECTORS (a)

(dollar amounts in millions, averages in billions; presented on an FTE basis)	Institutional Asset Mgmt						Mutual Funds						Private Wealth Mgmt						Asset Servicing
	2001			2000			2001			2000			2001			2000			2001			2000
Trust fees	$	527		$	495		$	538		$	538		$	312		$	313		$	451		$	408
Other fee revenue		19			22			3			24			15			11			147			143
Net interest revenue / (expense)		(13	)		(3	)		1			(8	)		165			125			125			95
Total revenue		533			514			542			554			492			449			723			646
Credit quality expense		—			—			—			—			1			1			—			—
Operating Expense:
Amortization of goodwill		11			11			11			10			16			15			6			6
Other		386			343			328			326			254			233			451			395
Total operating expense		397			354			339			336			270			248			457			401
Income from continuing operations before taxes (benefits)		136			160			203			218			221			200			266			245
Income taxes (benefits)		53			62			82			89			82			76			95			89
Income (loss) from continuing operations		83			98			121			129			139			124			171			156
Income (loss) from discontinued operations after-tax (b)		—			—			—			—			—			—			—			—
Net income (loss)	$	83		$	98		$	121		$	129		$	139		$	124		$	171		$	156
($ billions)
Average Loans		—			—			—			—		$	2.3		$	2.3			—			—
Average Assets (c)(d)	$	0.9		$	0.8		$	0.7		$	0.7		$	4.8		$	4.6		$	4.7		$	4.6
Average Deposits		—			—			—			—		$	4.2		$	4.1		$	3.7		$	3.5
Average Common Equity	$	0.2		$	0.2		$	0.4		$	0.3		$	0.2		$	0.3		$	0.5		$	0.4
Average Tier I Preferred Equity		—			—			—			—			—			—			—			—
Assets under Management (period end)	$	349		$	322		$	152		$	112		$	50		$	56		$	41		$	40
Assets under Administration or Custody (period end)		—			—			—			—		$	21		$	33		$	2,029		$	2,226
Return on common equity (e)		38	%		52	%		34	%		40	%		62	%		54	%		37	%		37	%
Pretax Operating Margin (e)		26	%		31	%		38	%		39	%		45	%		45	%		37	%		38	%

(a) Results for 2000 and 2001 include the after-tax impact of the amortization of goodwill from purchase acquisitions.

Refer to Appendix A for results excluding the after-tax impact of goodwill amortization.

(b) Net income (loss) from discontinued operations has not been allocated to any of the Corporation’s reportable sectors.

(c) Where average deposits are in excess of average loans, average assets include an allocation of investment securities to balance.

(d) Consolidated average assets includes average assets of discontinued operations of $12.714 billion and $18.713 billion for 2001 and 2000 respectively.

(e) On a continuing operations basis.

n/m — not meaningful

In January 2002, the Corporation began to record customer expense reimbursements as revenue in accordance with a FASB staff announcement. The Corporation had historically reported expense reimbursements as a reduction of expenses. Prior period amounts have been reclassified.

Note: Prior periods sector data reflects immaterial reclassifications resulting from minor changes to be consistent with current period presentation.

Page 1

MELLON FINANCIAL CORPORATION

BUSINESS SECTORS (a)

(dollar amounts in millions, averages in billions; presented on an FTE basis)	Human Resources Services						Treasury Services						Total Core						Other Activities						Consolidated Results
	2001			2000			2001			2000			2001			2000			2001			2000			2001			2000
Trust fees	$	732		$	470		$	6		$	4		$	2,566		$	2,228		$	(11	)	$	33		$	2,555		$	2,261
Other fee revenue		1			2			350			302			535			504			(303	)		171			232			675
Net interest revenue / (expense)		(12	)		(7	)		394			369			660			571			(78	)		(16	)		582			555
Total revenue		721			465			750			675			3,761			3,303			(392	)		188			3,369			3,491
Credit quality expense		—			—			2			9			3			10			(7	)		(2	)		(4	)		8
Operating Expense:
Amortization of goodwill		11			8			13			12			68			62			5			5			73			67
Other		669			440			441			402			2,529			2,139			48			56			2,577			2,195
Total operating expense		680			448			454			414			2,597			2,201			53			61			2,650			2,262
Income from continuing operations before taxes (benefits)		41			17			294			252			1,161			1,092			(438	)		129			723			1,221
Income taxes (benefits)		16			8			106			93			434			417			(147	)		48			287			465
Income (loss) from continuing operations		25			9			188			159			727			675			(291	)		81			436			756
Income (loss) from discontinued operations after-tax (b)		—			—			—			—			—			—			—			—			882			251
Net income (loss)	$	25		$	9		$	188		$	159		$	727		$	675		$	(291	)	$	81		$	1,318		$	1,007
($ billions)
Average Loans		—			—		$	5.6		$	6.6		$	7.9		$	8.9		$	1.9		$	1.8		$	9.8		$	10.7
Average Assets (c)(d)	$	1.0		$	0.7		$	10.1		$	10.1		$	22.2		$	21.5		$	10.6		$	6.5		$	45.5		$	46.7
Average Deposits	$	0.1		$	0.1		$	8.6		$	7.3		$	16.6		$	15.0		$	1.0		$	1.4		$	17.6		$	16.4
Average Common Equity	$	0.2		$	0.1		$	0.8		$	0.9		$	2.3		$	2.2		$	1.4		$	1.7		$	3.7		$	3.9
Average Tier I Preferred Equity		—			—		$	0.2		$	0.3		$	0.2		$	0.3		$	0.8		$	0.7		$	1.0		$	1.0
Assets under Management (period end)		—			—			—			—		$	592		$	530			—			—		$	592		$	530
Assets under Administration or Custody (period end)	$	32		$	8			—			—		$	2,082		$	2,267			—			—		$	2,082		$	2,267
Return on common equity (e)		15	%		10	%		22	%		17	%		32	%		31	%		n/m			n/m			12	%		19	%
Pretax Operating Margin (e)		6	%		4	%		39	%		37	%		31	%		33	%		n/m			n/m			21	%		35	%

(a) Results for 2000 and 2001 include the after-tax impact of the amortization of goodwill from purchase acquisitions.

Refer to Appendix A for results excluding the after-tax impact of goodwill amortization.

(b) Net income (loss) from discontinued operations has not been allocated to any of the Corporation’s reportable sectors.

(c) Where average deposits are in excess of average loans, average assets include an allocation of investment securities to balance.

(d) Consolidated average assets includes average assets of discontinued operations of $12.714 billion and $18.713 billion for 2001 and 2000 respectively.

(e) On a continuing operations basis.

n/m — not meaningful

In January 2002, the Corporation began to record customer expense reimbursements as revenue in accordance with a FASB staff announcement. The Corporation had historically reported expense reimbursement as a reduction of expenses. Prior period amounts have been reclassified.

Note: Prior periods sector data reflects immaterial reclassifications resulting from minor changes to be consistent with current period presentation.

Page 2

MELLON FINANCIAL CORPORATION

BUSINESS SECTORS (a)

INSTITUTIONAL ASSET MANAGEMENT—11 Quarter Trend

(dollar amounts in millions, averages in billions; presented on an FTE basis)	2000												2001												2002
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr
Trust fees	$	127		$	110		$	120		$	138		$	121		$	119		$	127		$	160		$	147		$	134		$	128
Other fee revenue		5			6			7			4			2			6			7			4			7			4			3
Net interest revenue / (expense)		(2	)		(1	)		(1	)		1			(1	)		(1	)		(6	)		(5	)		(7	)		(7	)		(8	)
Total revenue		130			115			126			143			122			124			128			159			147			131			123
Credit quality expense		—			—			—			—			—			—			—			—			—			—			—
Operating Expense:
Amortization of goodwill		3			3			3			2			3			3			2			3			—			—			—
Other		87			77			78			101			87			83			98			118			117			109			112
Total operating expense		90			80			81			103			90			86			100			121			117			109			112
Income from continuing operations before taxes (benefits)		40			35			45			40			32			38			28			38			30			22			11
Income taxes (benefits)		15			14			17			16			12			15			12			14			11			9			4
Income (loss) from continuing operations		25			21			28			24			20			23			16			24			19			13			7
Income (loss) from discontinued operations after-tax (b)		—			—			—			—			—			—			—			—			—			—			—
Net income (loss)	$	25		$	21		$	28		$	24		$	20		$	23		$	16		$	24		$	19		$	13		$	7
($ billions)
Average Loans		—			—			—			—			—			—			—			—			—			—			—
Average Assets (c)	$	0.8		$	0.8		$	0.8		$	0.7		$	0.7		$	0.8		$	1.0		$	1.1		$	1.2		$	1.2		$	1.3
Average Deposits		—			—			—			—			—			—			—			—			—			—			—
Average Common Equity	$	0.2		$	0.2		$	0.2		$	0.2		$	0.2		$	0.2		$	0.2		$	0.2		$	0.2		$	0.2		$	0.2
Average Tier I Preferred Equity		—			—			—			—			—			—			—			—			—			—			—
Assets under Management (period end)	$	304		$	316		$	330		$	322		$	306		$	318		$	331		$	349		$	350		$	334		$	313
Assets under Administration or Custody (period end)		—			—			—			—			—			—			—			—		$	7		$	7		$	7
Return on common equity		54	%		47	%		58	%		50	%		40	%		44	%		28	%		39	%		32	%		24	%		12	%
Pretax Operating Margin		31	%		31	%		36	%		28	%		27	%		30	%		22	%		24	%		20	%		17	%		9	%

(a) Results for 2000 and 2001 include the after-tax impact of the amortization of goodwill from purchase acquisitions. Refer to Appendix B for results excluding the after-tax impact of goodwill amortization.

(b) Net income (loss) from discontinued operations has not been allocated to any of the Corporation’s reportable sectors.

(c) Where average deposits are in excess of average loans, average assets include an allocation of investment securities to balance.

n/m — not meaningful

In January 2002, the Corporation began to record customer expense reimbursements as revenue in accordance with a FASB staff announcement. The Corporation had historically reported expense reimbursements as a reduction of expenses. Prior period amounts have been reclassified.

Note: Prior periods sector data reflects immaterial reclassifications resulting from minor changes to be consistent with current period presentation.

Page 3

MELLON FINANCIAL CORPORATION

BUSINESS SECTORS (a)

MUTUAL FUNDS—11 Quarter Trend

(dollar amounts in millions, averages in billions; presented on an FTE basis)	2000												2001												2002
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr
Trust fees	$	134		$	134		$	138		$	132		$	128		$	126		$	140		$	144		$	142		$	143		$	134
Other fee revenue		12			3			2			7			2			2			—			(1	)		(1	)		(1	)		(1	)
Net interest revenue / (expense)		(3	)		(2	)		(1	)		(2	)		(1	)		1			—			1			1			2			2
Total revenue		143			135			139			137			129			129			140			144			142			144			135
Credit quality expense		—			—			—			—			—			—			—			—			—			—			—
Operating Expense:
Amortization of goodwill		3			3			2			2			2			4			2			3			—			—			—
Other		81			84			82			79			79			73			84			92			84			86			83
Total operating expense		84			87			84			81			81			77			86			95			84			86			83
Income from continuing operations before taxes (benefits)		59			48			55			56			48			52			54			49			58			58			52
Income taxes (benefits)		24			19			23			23			20			21			22			19			24			23			22
Income (loss) from continuing operations		35			29			32			33			28			31			32			30			34			35			30
Income (loss) from discontinued operations after-tax (b)		—			—			—			—			—			—			—			—			—			—			—
Net income (loss)	$	35		$	29		$	32		$	33		$	28		$	31		$	32		$	30		$	34		$	35		$	30
($ billions)
Average Loans		—			—			—			—			—			—			—			—			—			—			—
Average Assets (c)	$	0.7		$	0.7		$	0.7		$	0.7		$	40.7		$	0.6		$	0.6		$	0.7		$	0.7		$	0.7		$	0.7
Average Deposits		—			—			—			—			—			—			—			—			—			—			—
Average Common Equity	$	0.3		$	0.3		$	0.3		$	0.4		$	0.4		$	0.4		$	0.4		$	0.4		$	0.4		$	0.4		$	0.4
Average Tier I Preferred Equity		—			—			—			—			—			—			—			—			—			—			—
Assets under Management (period end)	$	109		$	106		$	113		$	112		$	120		$	133		$	131		$	152		$	164		$	164		$	162
Assets under Administration or Custody (period end)		—			—			—			—			—			—			—			—			—			—			—
Return on common equity		46	%		36	%		39	%		39	%		34	%		36	%		34	%		33	%		36	%		34	%		29	%
Pretax Operating Margin		41	%		36	%		39	%		41	%		37	%		41	%		38	%		35	%		41	%		40	%		39	%

(a) Results for 2000 and 2001 include the after-tax impact of the amortization of goodwill from purchase acquisitions. Refer to Appendix B for results excluding the after-tax impact of goodwill amortization.

(b) Net income (loss) from discontinued operations has not been allocated to any of the Corporation’s reportable sectors.

(c) Where average deposits are in excess of average loans, average assets include an allocation of investment securities to balance.

n/m — not meaningful

In January 2002, the Corporation began to record customer expense reimbursements as revenue in accordance with a FASB staff announcement. The Corporation had historically reported expense reimbursements as a reduction of expenses. Prior period amounts have been reclassified.

Note: Prior periods sector data reflects immaterial reclassifications resulting from minor changes to be consistent with current period presentation.

Page 4

MELLON FINANCIAL CORPORATION

BUSINESS SECTORS (a)

PRIVATE WEALTH MANAGEMENT—11 Quarter Trend

(dollar amounts in millions, averages in billions; presented on an FTE basis)	2000												2001												2002
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr
Trust fees	$	74		$	75		$	79		$	85		$	81		$	81		$	80		$	70		$	80		$	78		$	75
Other fee revenue		2			4			3			2			3			3			2			7			3			3			4
Net interest revenue / (expense)		28			32			32			33			34			38			44			49			54			54			52
Total revenue		104			111			114			120			118			122			126			126			137			135			131
Credit quality expense		—			—			1			—			—			—			—			1			1			—			(1	)
Operating Expense:
Amortization of goodwill		3			4			4			4			4			3			5			4			—			—			—
Other		57			58			60			58			60			63			62			69			70			66			68
Total operating expense		60			62			64			62			64			66			67			73			70			66			68
Income from continuing operations before taxes (benefits)		44			49			49			58			54			56			59			52			66			69			64
Income taxes (benefits)		17			19			19			21			21			21			22			18			23			25			23
Income (loss) from continuing operations		27			30			30			37			33			35			37			34			43			44			41
Income (loss) from discontinued operations after-tax (b)		—			—			—			—			—			—			—			—			—			—			—
Net income (loss)	$	27		$	30		$	30		$	37		$	33		$	35		$	37		$	34		$	43		$	44		$	41
($ billions)
Average Loans	$	2.3		$	2.2		$	2.4		$	2.4		$	2.4		$	2.3		$	2.4		$	2.4		$	2.5		$	2.7		$	2.8
Average Assets (c)	$	4.4		$	4.6		$	4.7		$	4.8		$	4.8		$	4.7		$	4.6		$	5.2		$	5.1		$	5.0		$	4.8
Average Deposits	$	3.9		$	4.1		$	4.2		$	4.2		$	4.2		$	4.0		$	3.9		$	4.6		$	4.5		$	4.4		$	4.3
Average Common Equity	$	0.2		$	0.2		$	0.2		$	0.2		$	0.2		$	0.2		$	0.2		$	0.2		$	0.2		$	0.2		$	0.2
Average Tier I Preferred Equity		—			—			—			—			—			—			—			—			—			—			—
Assets under Management (period end)	$	57		$	56		$	57		$	56		$	50		$	52		$	46		$	50		$	51		$	47		$	43
Assets under Administration or Custody (period end)	$	37		$	35		$	33		$	33		$	31		$	24		$	21		$	21		$	20		$	19		$	17
Return on common equity		50	%		53	%		51	%		60	%		59	%		63	%		66	%		59	%		84	%		82	%		78	%
Pretax Operating Margin		42	%		44	%		44	%		48	%		46	%		46	%		47	%		41	%		48	%		51	%		49	%

(a) Results for 2000 and 2001 include the after-tax impact of the amortization of goodwill from purchase acquisitions. Refer to Appendix B for results excluding the after-tax impact of goodwill amortization.

(b) Net income (loss) from discontinued operations has not been allocated to any of the Corporation’s reportable sectors.

(c) Where average deposits are in excess of average loans, average assets include an allocation of investment securities to balance.

n/m — not meaningful

In January 2002, the Corporation began to record customer expense reimbursements as revenue in accordance with a FASB staff announcement. The Corporation had historically reported expense reimbursements as a reduction of expenses. Prior period amounts have been reclassified.

Note: Prior periods sector data reflects immaterial reclassifications resulting from minor changes to be consistent with current period presentation.

Page 5

MELLON FINANCIAL CORPORATION

BUSINESS SECTORS (a)

ASSET SERVICING—11 Quarter Trend

(dollar amounts in millions, averages in billions; presented on an FTE basis)	2000												2001												2002
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr
Trust fees	$	99		$	106		$	103		$	100		$	109		$	118		$	106		$	118		$	125		$	138		$	130
Other fee revenue		42			35			32			34			40			38			34			35			27			30			35
Net interest revenue / (expense)		20			22			26			27			31			28			31			35			28			24			23
Total revenue		161			163			161			161			180			184			171			188			180			192			188
Credit quality expense		—			—			—			—			—			—			—			—			—			—			—
Operating Expense:
Amortization of goodwill		2			1			1			2			1			2			1			2			—			—			—
Other		93			95			102			105			108			110			108			125			128			134			138
Total operating expense		95			96			103			107			109			112			109			127			128			134			138
Income from continuing operations before taxes (benefits)		66			67			58			54			71			72			62			61			52			58			50
Income taxes (benefits)		24			25			21			19			26			26			22			21			19			20			18
Income (loss) from continuing operations		42			42			37			35			45			46			40			40			33			38			32
Income (loss) from discontinued operations after-tax (b)		—			—			—			—			—			—			—			—			—			—			—
Net income (loss)	$	42		$	42		$	37		$	35		$	45		$	46		$	40		$	40		$	33		$	38		$	32
($ billions)
Average Loans		—			—			—			—			—			—			—			—			—			—			—
Average Assets (c)	$	4.1		$	4.7		$	4.7		$	4.8		$	5.0		$	4.4		$	4.7		$	4.6		$	4.2		$	4.4		$	4.7
Average Deposits	$	3.2		$	3.5		$	3.5		$	3.7		$	3.9		$	3.3		$	3.8		$	3.7		$	3.2		$	3.4		$	3.4
Average Common Equity	$	0.4		$	0.4		$	0.4		$	0.4		$	0.4		$	0.4		$	0.4		$	0.5		$	0.4		$	0.5		$	0.4
Average Tier I Preferred Equity		—			—			—			—			—			—			—			—			—			—			—
Assets under Management (period end)	$	41		$	43		$	40		$	40		$	44		$	43		$	39		$	41		$	45		$	43		$	44
Assets under Administration or Custody (period end)	$	2,215		$	2,213		$	2,256		$	2,226		$	2,193		$	2,243		$	2,030		$	2,029		$	2,162		$	2,066		$	2,071
Return on common equity		42	%		41	%		35	%		32	%		40	%		40	%		33	%		33	%		29	%		33	%		28	%
Pretax Operating Margin		41	%		41	%		36	%		34	%		39	%		39	%		36	%		32	%		29	%		30	%		26	%

(a) Results for 2000 and 2001 include the after-tax impact of the amortization of goodwill from purchase acquisitions. Refer to Appendix B for results excluding the after-tax impact of goodwill amortization.

(b) Net income (loss) from discontinued operations has not been allocated to any of the Corporation’s reportable sectors.

(c) Where average deposits are in excess of average loans, average assets include an allocation of investment securities to balance.

n/m — not meaningful

In January 2002, the Corporation began to record customer expense reimbursements as revenue in accordance with a FASB staff announcement. The Corporation had historically reported expense reimbursements as a reduction of expenses. Prior period amounts have been reclassified.

Note: Prior periods sector data reflects immaterial reclassifications resulting from minor changes to be consistent with current period presentation.

Page 6

MELLON FINANCIAL CORPORATION

BUSINESS SECTORS (a)

HUMAN RESOURCES SERVICES—11 Quarter Trend

(dollar amounts in millions, averages in billions; presented on an FTE basis)	2000												2001												2002
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr
Trust fees	$	105		$	119		$	115		$	131		$	181		$	193		$	178		$	180		$	279		$	274		$	241
Other fee revenue		1			1			—			—			(1	)		—			(1	)		3			1			5			16
Net interest revenue / (expense)		(1	)		(2	)		(1	)		(3	)		(2	)		(4	)		(3	)		(3	)		(6	)		(6	)		(7	)
Total revenue		105			118			114			128			178			189			174			180			274			273			250
Credit quality expense		—			—			—			—			—			—			—			—			—			—			—
Operating Expense:
Amortization of goodwill		1			2			2			3			2			4			3			2			—			—			—
Other		107			108			106			119			160			169			165			175			252			256			246
Total operating expense		108			110			108			122			162			173			168			177			252			256			246
Income from continuing operations before taxes (benefits)		(3	)		8			6			6			16			16			6			3			22			17			4
Income taxes (benefits)		(1	)		4			2			3			6			6			3			1			8			6			1
Income (loss) from continuing operations		(2	)		4			4			3			10			10			3			2			14			11			3
Income (loss) from discontinued operations after-tax (b)		—			—			—			—			—			—			—			—			—			—			—
Net income (loss)	$	(2	)	$	4		$	4		$	3		$	10		$	10		$	3		$	2		$	14		$	11		$	3
($ billions)
Average Loans		—			—			—			—			—			—			—			—			—			—			—
Average Assets (c)	$	0.7		$	0.7		$	0.7		$	0.7		$	0.9		$	0.9		$	0.9		$	1.2		$	1.7		$	1.7		$	2.0
Average Deposits	$	0.2		$	0.1		$	0.1		$	0.1		$	0.1		$	0.1		$	0.1		$	0.1		$	0.1		$	0.1		$	0.1
Average Common Equity	$	0.1		$	0.1		$	0.1		$	0.1		$	0.2		$	0.2		$	0.2		$	0.2		$	0.3		$	0.3		$	0.3
Average Tier I Preferred Equity		—			—			—			—			—			—			—			—			—			—			—
Assets under Management (period end)		—			—			—			—			—			—			—			—			—			—			—
Assets under Administration or Custody (period end)	$	9		$	9		$	9		$	8		$	27		$	28		$	26		$	32		$	135		$	121		$	114
Return on common equity		n/m			24	%		18	%		11	%		23	%		25	%		9	%		4	%		21	%		16	%		4	%
Pretax Operating Margin		n/m			7	%		6	%		4	%		9	%		9	%		4	%		1	%		8	%		6	%		2	%

(a) Results for 2000 and 2001 include the after-tax impact of the amortization of goodwill from purchase acquisitions. Refer to Appendix B for results excluding the after-tax impact of goodwill amortization.

(b) Net income (loss) from discontinued operations has not been allocated to any of the Corporation’s reportable sectors.

(c) Where average deposits are in excess of average loans, average assets include an allocation of investment securities to balance.

n/m — not meaningful

In January 2002, the Corporation began to record customer expense reimbursements as revenue in accordance with a FASB staff announcement. The Corporation had historically reported expense reimbursements as a reduction of expenses. Prior period amounts have been reclassified.

Note: Prior periods sector data reflects immaterial reclassifications resulting from minor changes to be consistent with current period presentation.

Page 7

MELLON FINANCIAL CORPORATION

BUSINESS SECTORS (a)

TREASURY SERVICES—11 Quarter Trend

(dollar amounts in millions, averages in billions; presented on an FTE basis)	2000												2001												2002
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr
Trust fees	$	1		$	1		$	1		$	1		$	1		$	3		$	1		$	1		$	2		$	2		$	2
Other fee revenue		71			76			77			78			83			88			87			92			87			90			91
Net interest revenue / (expense)		88			93			94			94			94			98			105			97			113			120			124
Total revenue		160			170			172			173			178			189			193			190			202			212			217
Credit quality expense		4			3			2			—			1			—			1			—			1			—			1
Operating Expense:
Amortization of goodwill		3			3			3			3			4			2			3			4			—			—			—
Other		94			100			103			105			105			113			108			115			113			118			117
Operating expense		97			103			106			108			109			115			111			119			113			118			117
Income from continuing operations before taxes (benefits)		59			64			64			65			68			74			81			71			88			94			99
Income taxes (benefits)		22			23			24			24			25			27			30			24			31			34			36
Income (loss) from continuing operations		37			41			40			41			43			47			51			47			57			60			63
Income (loss) from discontinued operations after-tax (b)		—			—			—			—			—			—			—			—			—			—			—
Net income (loss)	$	37		$	41		$	40		$	41		$	43		$	47		$	51		$	47		$	57		$	60		$	63
($ billions)
Average Loans	$	7.4		$	6.5		$	6.3		$	6.0		$	5.9		$	5.7		$	5.3		$	5.4		$	5.3		$	5.5		$	5.4
Average Assets (c)	$	10.7		$	10.2		$	9.7		$	9.7		$	10.7		$	9.9		$	9.9		$	10.0		$	10.1		$	9.6		$	12.7
Average Deposits	$	6.9		$	7.4		$	7.1		$	7.9		$	9.0		$	8.3		$	8.6		$	8.7		$	8.5		$	8.0		$	11.0
Average Common Equity	$	0.9		$	0.9		$	1.0		$	0.9		$	0.9		$	0.9		$	0.8		$	0.8		$	1.1		$	1.0		$	1.1
Average Tier I Preferred Equity	$	0.3		$	0.3		$	0.3		$	0.3		$	0.3		$	0.3		$	0.2		$	0.2		$	0.2		$	0.2		$	0.2
Assets under Management (period end)		—			—			—			—			—			—			—			—			—			—			—
Assets under Administration or Custody (period end)		—			—			—			—			—			—			—			—			—			—			—
Return on common equity		16	%		18	%		16	%		18	%		19	%		21	%		26	%		24	%		21	%		24	%		24	%
Pretax Operating Margin		37	%		38	%		37	%		38	%		39	%		39	%		42	%		37	%		44	%		45	%		45	%

(a) Results for 2000 and 2001 include the after-tax impact of the amortization of goodwill from purchase acquisitions. Refer to Appendix B for results excluding the after-tax impact of goodwill amortization.

(b) Net income (loss) from discontinued operations has not been allocated to any of the Corporation’s reportable sectors.

(c) Where average deposits are in excess of average loans, average assets include an allocation of investment securities to balance.

n/m — not meaningful

In January 2002, the Corporation began to record customer expense reimbursements as revenue in accordance with a FASB staff announcement. The Corporation had historically reported expense reimbursements as a reduction of expenses. Prior period amounts have been reclassified.

Note: Prior periods sector data reflects immaterial reclassifications resulting from minor changes to be consistent with current period presentation.

Page 8

MELLON FINANCIAL CORPORATION

BUSINESS SECTORS (a)

CORE BUSINESS SECTORS—11 Quarter Trend

(dollar amounts in millions, averages in billions; presented on an FTE basis)	2000												2001												2002
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr
Trust fees	$	540		$	545		$	556		$	587		$	621		$	640		$	632		$	673		$	775		$	769		$	710
Other fee revenue		133			125			121			125			129			137			129			140			124			131			148
Net interest revenue / (expense)		130			142			149			150			155			160			171			174			183			187			186
Total revenue		803			812			826			862			905			937			932			987			1,082			1,087			1,044
Credit quality expense		4			3			3			—			1			—			1			1			2			—			—
Operating Expense:
Amortization of goodwill		15			16			15			16			16			18			16			18			—			—			—
Other		519			522			531			567			599			611			625			694			764			769			764
Total operating expense		534			538			546			583			615			629			641			712			764			769			764
Income from continuing operations before taxes (benefits)		265			271			277			279			289			308			290			274			316			318			280
Income taxes (benefits)		101			104			106			106			110			116			111			97			116			117			104
Income (loss) from continuing operations		164			167			171			173			179			192			179			177			200			201			176
Income (loss) from discontinued operations after-tax (b)		—			—			—			—			—			—			—			—			—			—			—
Net income (loss)	$	164		$	167		$	171		$	173		$	179		$	192		$	179		$	177		$	200		$	201		$	176
($ billions)
Average Loans	$	9.7		$	8.7		$	8.7		$	8.4		$	8.3		$	8.0		$	7.7		$	7.8		$	7.8		$	8.2		$	8.2
Average Assets (c)	$	21.4		$	21.7		$	21.3		$	21.4		$	22.8		$	21.3		$	21.7		$	22.8		$	23.0		$	22.6		$	26.2
Average Deposits	$	14.2		$	15.1		$	14.9		$	15.9		$	17.2		$	15.7		$	16.4		$	17.1		$	16.3		$	15.9		$	18.8
Average Common Equity	$	2.1		$	2.1		$	2.2		$	2.2		$	2.3		$	2.3		$	2.2		$	2.3		$	2.6		$	2.6		$	2.6
Average Tier I Preferred Equity	$	0.3		$	0.3		$	0.3		$	0.3		$	0.3		$	0.3		$	0.2		$	0.2		$	0.2		$	0.2		$	0.2
Assets under Management (period end)	$	511		$	521		$	540		$	530		$	520		$	546		$	547		$	592		$	610		$	588		$	562
Assets under Administration or Custody (period end)	$	2,261		$	2,257		$	2,298		$	2,267		$	2,251		$	2,295		$	2,077		$	2,082		$	2,324		$	2,213		$	2,209
Return on common equity		31	%		32	%		31	%		31	%		31	%		33	%		32	%		31	%		31	%		31	%		27	%
Pretax Operating Margin		33	%		33	%		34	%		32	%		32	%		33	%		31	%		28	%		29	%		29	%		27	%

(a) Results for 2000 and 2001 include the after-tax impact of the amortization of goodwill from purchase acquisitions. Refer to Appendix B for results excluding the after-tax impact of goodwill amortization.

(b) Net income (loss) from discontinued operations has not been allocated to any of the Corporation’s reportable sectors.

(c) Where average deposits are in excess of average loans, average assets include an allocation of investment securities to balance.

n/m — not meaningful

In January 2002, the Corporation began to record customer expense reimbursements as revenue in accordance with a FASB staff announcement. The Corporation had historically reported expense reimbursements as a reduction of expenses. Prior period amounts have been reclassified.

Note: Prior periods sector data reflects immaterial reclassifications resulting from minor changes to be consistent with current period presentation.

Page 9

MELLON FINANCIAL CORPORATION

BUSINESS SECTORS (a)

OTHER ACTIVITIES—11 Quarter Trend

(dollar amounts in millions, averages in billions; presented on an FTE basis)	2000												2001												2002
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr
Trust fees	$	24		$	12		$	(1	)	$	(2	)	$	(3	)	$	(2	)	$	(3	)	$	(3	)	$	—		$	(1	)	$	—
Other fee revenue		50			42			44			35			40			(114	)		14			(243	)		54			36			35
Net interest revenue / (expense)		3			(4	)		(7	)		(8	)		(13	)		(22	)		(23	)		(20	)		(25	)		(31	)		(27	)
Total revenue		77			50			36			25			24			(138	)		(12	)		(266	)		29			4			8
Credit quality expense		(1	)		6			(11	)		4			(16	)		1			4			4			2			160			2
Operating Expense:
Amortization of goodwill		2			—			2			1			2			—			2			1			—			—			—
Other		28			12			16			—			6			(2	)		(18	)		62			8			(9	)		(8	)
Total operating expense		30			12			18			1			8			(2	)		(16	)		63			8			(9	)		(8	)
Income from continuing operations before taxes (benefits)		48			32			29			20			32			(137	)		—			(333	)		19			(147	)		14
Income taxes (benefits)		18			12			10			8			12			(47	)		—			(112	)		8			(52	)		4
Income (loss) from continuing operations		30			20			19			12			20			(90	)		—			(221	)		11			(95	)		10
Income (loss) from discontinued operations after-tax (b)		—			—			—			—			—			—			—			—			—			—			—
Net income (loss)	$	30		$	20		$	19		$	12		$	20		$	(90	)	$	—		$	(221	)	$	11		$	(95	)	$	10
($ billions)
Average Loans	$	1.8		$	1.8		$	1.7		$	1.9		$	2.0		$	2.1		$	1.9		$	1.6		$	1.3		$	1.5		$	1.6
Average Assets (c)	$	6.4		$	6.3		$	6.3		$	7.2		$	8.2		$	9.4		$	12.8		$	12.0		$	9.0		$	10.3		$	8.0
Average Deposits	$	1.7		$	1.3		$	1.3		$	1.3		$	1.1		$	1.0		$	0.9		$	0.8		$	1.2		$	2.0		$	1.1
Average Common Equity	$	1.8		$	1.7		$	1.7		$	1.8		$	1.7		$	1.4		$	1.2		$	1.5		$	0.9		$	0.8		$	0.7
Average Tier I Preferred Equity	$	0.7		$	0.7		$	0.7		$	0.7		$	0.7		$	0.7		$	0.8		$	0.8		$	0.8		$	0.8		$	0.8
Assets under Management (period end)		—			—			—			—			—			—			—			—			—			—			—
Assets under Administration or Custody (period end)		—			—			—			—			—			—			—			—			—			—			—
Return on common equity		n/m			n/m			n/m			n/m			n/m			n/m			n/m			n/m			n/m			n/m			n/m
Pretax Operating Margin		n/m			n/m			n/m			n/m			n/m			n/m			n/m			n/m			n/m			n/m			n/m

(a) Results for 2000 and 2001 include the after-tax impact of the amortization of goodwill from purchase acquisitions. Refer to Appendix B for results excluding the after-tax impact of goodwill amortization.

(b) Net income (loss) from discontinued operations has not been allocated to any of the Corporation’s reportable sectors.

(c) Where average deposits are in excess of average loans, average assets include an allocation of investment securities to balance.

n/m — not meaningful

In January 2002, the Corporation began to record customer expense reimbursements as revenue in accordance with a FASB staff announcement. The Corporation had historically reported expense reimbursements as a reduction of expenses. Prior period amounts have been reclassified.

Note: Prior periods sector data reflects immaterial reclassifications resulting from minor changes to be consistent with current period presentation.

Page 10

MELLON FINANCIAL CORPORATION

BUSINESS SECTORS (a)

CONSOLIDATED RESULTS—11 Quarter Trend

(dollar amounts in millions, averages in billions; presented on an FTE basis)	2000												2001												2002
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr
Trust fees	$	564		$	557		$	555		$	585		$	618		$	638		$	629		$	670		$	775		$	768		$	710
Other fee revenue		183			167			165			160			169			23			143			(103	)		178			167			183
Net interest revenue / (expense)		133			138			142			142			142			138			148			154			158			156			159
Total revenue		880			862			862			887			929			799			920			721			1,111			1,091			1,052
Credit quality expense		3			9			(8	)		4			(15	)		1			5			5			4			160			2
Operating Expense:
Amortization of goodwill		17			16			17			17			18			18			18			19			—			—			—
Other		547			534			547			567			605			609			607			756			772			760			756
Total operating expense		564			550			564			584			623			627			625			775			772			760			756
Income from continuing operations before taxes (benefits)		313			303			306			299			321			171			290			(59	)		335			171			294
Income taxes (benefits)		119			116			116			114			122			69			111			(15	)		124			65			108
Income (loss) from continuing operations		194			187			190			185			199			102			179			(44	)		211			106			186
Income (loss) from discontinued operations after-tax (b)		59			60			62			70			65			(47	)		13			851			5			3			5
Net income (loss)	$	253		$	247		$	252		$	255		$	264		$	55		$	192		$	807		$	216		$	109		$	191
($ billions)
Average Loans	$	11.5		$	10.5		$	10.4		$	10.3		$	10.3		$	10.1		$	9.6		$	9.4		$	9.1		$	9.7		$	9.8
Average Assets (c)(d)	$	47.2		$	46.9		$	46.1		$	46.7		$	48.2		$	45.8		$	45.5		$	42.5		$	33.0		$	33.4		$	34.2
Average Deposits	$	15.9		$	16.4		$	16.2		$	17.2		$	18.3		$	16.7		$	17.3		$	17.9		$	17.5		$	17.9		$	19.9
Average Common Equity	$	3.9		$	3.8		$	3.9		$	4.0		$	4.0		$	3.7		$	3.4		$	3.8		$	3.5		$	3.4		$	3.3
Average Tier I Preferred Equity	$	1.0		$	1.0		$	1.0		$	1.0		$	1.0		$	1.0		$	1.0		$	1.0		$	1.0		$	1.0		$	1.0
Assets under Management (period end)	$	511		$	521		$	540		$	530		$	520		$	546		$	547		$	592		$	610		$	588		$	562
Assets under Administration or Custody (period end)	$	2,261		$	2,257		$	2,298		$	2,267		$	2,251		$	2,295		$	2,077		$	2,082		$	2,324		$	2,213		$	2,209
Return on common equity (e)		20	%		20	%		19	%		18	%		20	%		11	%		21	%		n/m			25	%		13	%		23	%
Pretax Operating Margin (e)		36	%		35	%		36	%		34	%		35	%		21	%		32	%		n/m			30	%		16	%		28	%

(a) Results for 2000 and 2001 include the after-tax impact of the amortization of goodwill from purchase acquisitions. Refer to Appendix B for results excluding the after-tax impact of goodwill amortization.

(b) Net income (loss) from discontinued operations has not been allocated to any of the Corporation’s reportable sectors.

(c) Where average deposits are in excess of average loans, average assets include an allocation of investment securities to balance.

(d) Consolidated average assets includes average assets of discontinued operations of $1.038 billion, $480 million and $- million for the first, second and third quarter, respectively, of 2002; $17.138 billion, $15.153 billion, $11.030 billion and $7.599 billion for the first, second, third and fourth quarter, respectively, of 2001; and $19.359 billion, $18.932 billion, $18.478 billion and $18.101 billion for the first, second, third and fourth quarter, respectively, of 2000.

(e) On a continuing operations basis.

n/m — not meaningful

In January 2002, the Corporation began to record customer expense reimbursements as revenue in accordance with a FASB staff announcement. The Corporation had historically reported expense reimbursements as a reduction of expenses. Prior period amounts have been reclassified.

Note: Prior periods sector data reflects immaterial reclassifications resulting from minor changes to be consistent with current period presentation.

Page 11

MELLON FINANCIAL CORPORATION

CONTINUING OPERATIONS—11 Quarter Trend

NONINTEREST REVENUE (non-FTE Basis)

(dollar amounts in millions unless otherwise noted)	2000 (a)												2001 (a)												2002
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr
Investment Management	$	321		$	307		$	325		$	345		$	324		$	332		$	345		$	374		$	370		$	355		$	340
Human Resource Services (b)		98			111			106			121			170			183			168			170			269			264			232
Institutional Trust & Custody		145			139			124			119			124			123			116			126			136			149			138
Trust and investment fee revenue		564			557			555			585			618			638			629			670			775			768			710
Cash management revenue		46			53			52			53			53			61			62			63			68			71			72
Foreign exchange revenue		48			40			36			37			48			42			38			42			35			37			44
Financing-related revenue		34			36			36			46			40			38			39			(20	)		34			38			34
Equity investment revenue		36			17			20			5			6			(146	)		(17	)		(223	)		21			(5	)		(23	)
Securities trading revenue		3			1			7			6			7			5			1			11			4			6			14
Other		8			12			5			5			5			13			9			14			6			8			5
Total fee and other revenue		739			716			711			737			777			651			761			557			943			923			856
Gains on the sales of securities		—			—			—			—			—			—			—			—			—			—			28
Total noninterest revenue	$	739		$	716		$	711		$	737		$	777		$	651		$	761		$	557		$	943		$	923		$	884
Fee revenue as a percentage of fee and net interest revenue (FTE)		85	%		84	%		84	%		84	%		85	%		83	%		84	%		79	%		86	%		86	%		84	%
Trust and investment fee revenue as a percentage of fee and net interest revenue (FTE)		64	%		65	%		64	%		66	%		67	%		80	%		68	%		93	%		70	%		70	%		69	%
Assets under management at period end (in billions)	$	511		$	521		$	540		$	530		$	520		$	546		$	547		$	592		$	610		$	588		$	562
Assets under Administration or custody at period end (in billions)	$	2,261		$	2,257		$	2,298		$	2,267		$	2,251		$	2,295		$	2,077		$	2,082		$	2,324		$	2,213		$	2,209
S&P 500 Index at period end		1,499			1,455			1,437			1,320			1,160			1,224			1,041			1,148			1,147			990			815

(a) In January 2002, the Corporation began to record customer expense reimbursements as revenue in accordance with a FASB staff announcement. The Corporation had historically reported expense reimbursements as a reduction of expenses. Prior period amounts have been reclassified.

(b) Amounts do no necessarily agree with those presented in Business Sectors which include revenue transferred between sectors under revenue transfer agreements. Additionally, sector amounts are reported on a fully taxable equivalent basis.

Page 12

MELLON FINANCIAL CORPORATION

CONTINUING OPERATIONS—11 Quarter Trend

OPERATING EXPENSE

	2000 (a)												2001 (a)											2002
(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
Staff expense	$	335		$	327		$	338		$	347		$	368		$	366		$	363		$	444	$	476		$	458		$	440
Professional, legal and other purchased services		59			62			69			64			75			78			80			114		83			94			105
Net occupancy expense		48			43			46			48			52			53			55			59		63			60			63
Equipment expense		33			32			32			37			38			35			40			44		56			53			51
Business development		33			34			30			32			30			28			27			32		32			34			32
Communications expense		17			17			15			15			22			26			24			23		28			30			25
Amortization of goodwill		17			16			17			17			18			18			18			19		—			—			—
Amortization of other intangible assets		2			1			2			2			2			1			2			2		3			4			3
Other expense		20			18			15			22			18			22			16			38		31			27			37
Total operating expense	$	564		$	550		$	564		$	584		$	623		$	627		$	625		$	775	$	772		$	760		$	756
Efficiency ratio excluding amortization of goodwill in 2000 & 2001 (b)		62	%		62	%		63	%		64	%		65	%		76	%		66	%		n/m		70	%		70	%		74	%

(a) In January 2002, the Corporation began to record customer expense reimbursements as revenue in accordance with a FASB staff announcement. The Corporation had historically reported expense reimbursement as a reduction of expenses. Prior period amounts have been reclassified.

(b) Operating expense as a percentage of fee and net interest revenue, computed on a taxable equivalent basis, excluding the gains on the sales of securities.

n/m — not meaningful

Page 13

MELLON FINANCIAL CORPORATION

CONTINUING OPERATIONS—11 Quarter Trend

PROVISION AND RESERVES FOR CREDIT EXPOSURE

	2000												2001												2002
(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
Provision for credit losses	$	3		$	9		$	(8	)	$	4		$	(15	)	$	1		$	5		$	5		$	4		$	160		$	2
Net credit (losses) recoveries:
Commercial and financial		(5	)		(8	)		(3	)		(11	)		(1	)		(20	)		(21	)		(39	)		(2	)		(7	)		(114	)
Commercial real estate		5			—			—			—			—			—			—			—			—			—			(1	)
Consumer credit		—			—			(1	)		—			—			—			—			(1	)		(1	)		—			—
Total net credit losses (a)	$	—		$	(8	)	$	(4	)	$	(11	)	$	(1	)	$	(20	)	$	(21	)	$	(40	)	$	(3	)	$	(7	)	$	(115	)
Annualized net credit losses to average loans		—			0.32	%		0.14	%		0.41	%		0.06	%		0.79	%		0.89	%		1.67	%		0.15	%		0.26	%		4.64	%
Reserve for loan losses (b)(c):	$	270		$	271		$	255		$	254		$	219		$	217		$	187		$	96		$	106		$	242		$	127
Reserve for unfunded commitments (b)(c)		21			20			24			18			37			19			33			42			32			51			52
Total reserve for credit exposure	$	291		$	291		$	279		$	272		$	256		$	236		$	220		$	138		$	138		$	293		$	179
Reserve for Loan Losses:
As a percentage of total loans (b)		2.55	%		2.58	%		2.43	%		2.49	%		2.09	%		2.28	%		1.89	%		1.12	%		1.11	%		2.47	%		1.36	%
As a percentage of nonperforming loans (b)		199	%		203	%		195	%		154	%		117	%		175	%		153	%		164	%		143	%		138	%		188	%

(a) Includes write-downs resulting from loan sales.

(b) At period end.

(c) In the second quarter of 2002, the Corporation began to record the reserve for unfunded loan commitments in a liability account. Previously, any such reserve was included in the reserve for loan losses. Prior period amounts have been reclassified. A loss of $1 million was charged against the reserve for unfunded commitments in the third quarter of 2002 resulting from the sale of a loan commitment.

Page 14

MELLON FINANCIAL CORPORATION

CONTINUING OPERATIONS—11 Quarter Trend

NONPERFORMING ASSETS

	2000												2001												2002
(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
Nonperforming loans:
Commercial and financial	$	120		$	118		$	121		$	159		$	183		$	121		$	121		$	56		$	69		$	160		$	55
Consumer credit		14			11			7			5			2			2			1			2			2			4			5
Commercial real estate		1			4			3			1			1			1			1			1			3			11			7
Total nonperforming loans		135			133			131			165			186			124			123			59			74			175			67
Acquired property:
Real estate acquired		5			5			4			7			6			3			2			2			1			1			2
Reserve for real estate acquired		(1	)		(1	)		—			—			—			—			—			—			—			—			—
Net real estate acquired		4			4			4			7			6			3			2			2			1			1			2
Other assets acquired		2			2			—			—			—			1			1			1			—			—			—
Total acquired property		6			6			4			7			6			4			3			3			1			1			2
Total nonperforming assets	$	141		$	139		$	135		$	172		$	192		$	128		$	126		$	62		$	75		$	176		$	69
Nonperforming loans as a percentage of total loans (a)		1.28	%		1.27	%		1.25	%		1.61	%		1.78	%		1.30	%		1.24	%		0.69	%		0.77	%		1.78	%		0.72	%
Nonperforming assets as a percentage of total loans and net acquired property (a)		1.34	%		1.33	%		1.29	%		1.68	%		1.84	%		1.34	%		1.28	%		0.72	%		0.79	%		1.79	%		0.74	%
Nonperforming assets as a percentage of Tier I capital plus the reserve for loan losses (a)		4.32	%		4.21	%		3.92	%		4.97	%		6.15	%		4.24	%		4.74	%		2.30	%		3.00	%		7.55	%		3.14	%

(a) At period end.

Page 15

Appendix A

MELLON FINANCIAL CORPORATION

BUSINESS SECTORS (a)

(dollar amounts in millions, averages in billions; presented on an FTE basis)	Institutional Asset Mgmt						Mutual Funds						Private Wealth Mgmt						Asset Servicing
	2001			2000			2001			2000			2001			2000			2001			2000
Trust fees	$	527		$	495		$	538		$	538		$	312		$	313		$	451		$	408
Other fee revenue		19			22			3			24			15			11			151			148
Net interest revenue / (expense)		(13	)		(3	)		1			(8	)		165			125			125			95
Total revenue		533			514			542			554			492			449			727			651
Credit quality expense		—			—			—			—			1			1			—			—
Operating Expense:
Amortization of goodwill		—			—			—			—			—			—			—			—
Other		386			343			328			326			254			233			451			395
Total operating expense		386			343			328			326			254			233			451			395
Income from continuing operations before taxes (benefits)		147			171			214			228			237			215			276			256
Income taxes (benefits)		55			64			86			93			83			77			95			90
Income (loss) from continuing operations		92			107			128			135			154			138			181			166
Income (loss) from discontinued operations after-tax (b)		—			—			—			—			—			—			—			—
Net income (loss)	$	92		$	107		$	128		$	135		$	154		$	138		$	181		$	166
($ billions)
Average Loans		—			—			—			—		$	2.3		$	2.3			—			—
Average Assets (c)(d)	$	0.9		$	0.8		$	0.7		$	0.7		$	4.8		$	4.6		$	4.7		$	4.6
Average Deposits		—			—			—			—		$	4.2		$	4.1		$	3.7		$	3.5
Average Common Equity	$	0.2		$	0.2		$	0.4		$	0.3		$	0.2		$	0.3		$	0.5		$	0.4
Average Tier I Preferred Equity		—			—			—			—			—			—			—			—
Assets under Management (period end)	$	349		$	322		$	152		$	112		$	50		$	56		$	41		$	40
Assets under Administration or Custody (period end)		—			—			—			—		$	21		$	33		$	2,029		$	2,226
Return on common equity (e)		41	%		57	%		36	%		42	%		69	%		60	%		39	%		40	%
Pretax Operating Margin (e)		28	%		33	%		39	%		41	%		48	%		48	%		38	%		39	%

(a) Results exclude the after-tax impact of the amortization of goodwill from purchased acquisitions.

(b) Net income (loss) from discontinued operations has not been allocated to any of the Corporation’s reportable sectors.

(c) Where average deposits are in excess of average loans, average assets include an allocation of investment securities to balance.

(d) Consolidated average assets includes average assets of discontinued operations of $12.714 billion and $18.713 billion for 2001 and 2000 respectively.

(e) On a continuing operations basis.

n/m — not meaningful

In January 2002, the Corporation began to record customer expense reimbursements as revenue in accordance with a FASB staff announcement. The Corporation had historically reported expense reimbursements as a reduction of expenses. Prior period amounts have been reclassified.

Note: Prior periods sector data reflects immaterial reclassifications resulting from minor changes to be consistent with current period presentation.

Page 16

Appendix A (continued)

MELLON FINANCIAL CORPORATION

BUSINESS SECTORS (a)

(dollar amounts in millions, averages in billions; presented on an FTE basis)	Human Resources Services						Treasury Services						Total Core						Other Activities						Consolidated Results
	2001			2000			2001			2000			2001			2000			2001			2000			2001			2000
Trust fees	$	732		$	470		$	6		$	4		$	2,566		$	2,228		$	(11	)	$	33		$	2,555		$	2,261
Other fee revenue		1			2			350			302			539			509			(303	)		171			236			680
Net interest revenue / (expense)		(12	)		(7	)		394			369			660			571			(78	)		(16	)		582			555
Total revenue		721			465			750			675			3,765			3,308			(392	)		188			3,373			3,496
Credit quality expense		—			—			2			9			3			10			(7	)		(2	)		(4	)		8
Operating Expense:
Amortization of goodwill		—			—			—			—			—			—			—			—			—			—
Other		669			440			441			402			2,529			2,139			48			56			2,577			2,195
Total operating expense		669			440			441			402			2,529			2,139			48			56			2,577			2,195
Income from continuing operations before taxes (benefits)		52			25			307			264			1,233			1,159			(433	)		134			800			1,293
Income taxes (benefits)		17			8			108			94			444			426			(146	)		48			298			474
Income (loss) from continuing operations		35			17			199			170			789			733			(287	)		86			502			819
Income (loss) from discontinued operations after-tax (b)		—			—			—			—			—			—			—			—			912			291
Net income (loss)	$	35		$	17		$	199		$	170		$	789		$	733		$	(287	)	$	86		$	1,414		$	1,110
($ billions)
Average Loans		—			—		$	5.6		$	6.6		$	7.9		$	8.9		$	1.9		$	1.8		$	9.8		$	10.7
Average Assets (c)(d)	$	1.0		$	0.7		$	10.1		$	10.1		$	22.2		$	21.5		$	10.6		$	6.5		$	45.5		$	46.7
Average Deposits	$	0.1		$	0.1		$	8.6		$	7.3		$	16.6		$	15.0		$	1.0		$	1.4		$	17.6		$	16.4
Average Common Equity	$	0.2		$	0.1		$	0.8		$	0.9		$	2.3		$	2.2		$	1.4		$	1.7		$	3.7		$	3.9
Average Tier I Preferred Equity		—			—		$	0.2		$	0.3		$	0.2		$	0.3		$	0.8		$	0.7		$	1.0		$	1.0
Assets under Management (period end)		—			—			—			—		$	592		$	530			—			—		$	592		$	530
Assets under Administration or Custody (period end)	$	32		$	8			—			—		$	2,082		$	2,267			—			—		$	2,082		$	2,267
Return on common equity (e)		21	%		19	%		24	%		18	%		35	%		34	%		n/m			n/m			14	%		21	%
Pretax Operating Margin (e)		7	%		5	%		41	%		39	%		33	%		35	%		n/m			n/m			24	%		37	%

(a) Results exclude the after-tax impact of the amortization of goodwill from purchase acquisitions.

(b) Net income (loss) from discontinued operations has not been allocated to any of the Corporation’s reportable sectors.

(c) Where average deposits are in excess of average loans, average assets include an allocation of investment securities to balance.

(d) Consolidated average assets includes average assets of discontinued operations of $12.714 billion and $18.713 billion for 2001 and 2000 respectively.

(e) On a continuing operations basis.

n/m — not meaningful

In January 2002, the Corporation began to record customer expense reimbursements as revenue in accordance with a FASB staff announcement. The Corporation had historically reported expense reimbursement as a reduction of expenses. Prior period amounts have been reclassified.

Note: Prior periods sector data reflects immaterial reclassifications resulting from minor changes to be consistent with current period presentation.

Page 17

Appendix B

MELLON FINANCIAL CORPORATION

BUSINESS SECTORS (a)

INSTITUTIONAL ASSET MANAGEMENT—11 Quarter Trend

(dollar amounts in millions, averages in billions; presented on an FTE basis)	2000												2001												2002
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr
Trust fees	$	127		$	110		$	120		$	138		$	121		$	119		$	127		$	160		$	147		$	134		$	128
Other fee revenue		5			6			7			4			2			6			7			4			7			4			3
Net interest revenue / (expense)		(2	)		(1	)		(1	)		1			(1	)		(1	)		(6	)		(5	)		(7	)		(7	)		(8	)
Total revenue		130			115			126			143			122			124			128			159			147			131			123
Credit quality expense		—			—			—			—			—			—			—			—			—			—			—
Operating Expense:
Amortization of goodwill		—			—			—			—			—			—			—			—			—			—			—
Other		87			77			78			101			87			83			98			118			117			109			112
Total operating expense		87			77			78			101			87			83			98			118			117			109			112
Income from continuing operations before taxes (benefits)		43			38			48			42			35			41			30			41			30			22			11
Income taxes (benefits)		16			14			19			15			13			16			11			15			11			9			4
Income (loss) from continuing operations		27			24			29			27			22			25			19			26			19			13			7
Income (loss) from discontinued operations after-tax (b)		—			—			—			—			—			—			—			—			—			—			—
Net income (loss)	$	27		$	24		$	29		$	27		$	22		$	25		$	19		$	26		$	19		$	13		$	7
($ billions)
Average Loans		—			—			—			—			—			—			—			—			—			—			—
Average Assets (c)	$	0.8		$	0.8		$	0.8		$	0.7		$	0.7		$	0.8		$	1.0		$	1.1		$	1.2		$	1.2		$	1.3
Average Deposits		—			—			—			—			—			—			—			—			—			—			—
Average Common Equity	$	0.2		$	0.2		$	0.2		$	0.2		$	0.2		$	0.2		$	0.2		$	0.2		$	0.2		$	0.2		$	0.2
Average Tier I Preferred Equity		—			—			—			—			—			—			—			—			—			—			—
Assets under Management (period end)	$	304		$	316		$	330		$	322		$	306		$	318		$	331		$	349		$	350		$	334		$	313
Assets under Administration or Custody (period end)		—			—			—			—			—			—			—			—		$	7		$	7		$	7
Return on common equity		59	%		51	%		62	%		54	%		44	%		48	%		32	%		43	%		32	%		24	%		12	%
Pretax Operating Margin		33	%		33	%		38	%		30	%		29	%		33	%		24	%		26	%		20	%		17	%		9	%

(a) Results exclude the after-tax impact of the amortization of goodwill from purchased acquisitions.

(b) Net income (loss) from discontinued operations has not been allocated to any of the Corporation’s reportable sectors.

(c) Where average deposits are in excess of average loans, average assets include an allocation of investment securities to balance.

n/m — not meaningful

In January 2002, the Corporation began to record customer expense reimbursements as revenue in accordance with a FASB staff announcement. The Corporation had historically reported expense reimbursements as a reduction of expenses. Prior period amounts have been reclassified.

Note: Prior periods sector data reflects immaterial reclassifications resulting from minor changes to be consistent with current period presentation.

Page 18

Appendix B (continued)

MELLON FINANCIAL CORPORATION

BUSINESS SECTORS (a)

MUTUAL FUNDS—11 Quarter Trend

(dollar amounts in millions, averages in billions; presented on an FTE basis)	2000												2001												2002
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr
Trust fees	$	134		$	134		$	138		$	132		$	128		$	126		$	140		$	144		$	142		$	143		$	134
Other fee revenue		12			3			2			7			2			2			—			(1	)		(1	)		(1	)		(1	)
Net interest revenue / (expense)		(3	)		(2	)		(1	)		(2	)		(1	)		1			—			1			1			2			2
Total revenue		143			135			139			137			129			129			140			144			142			144			135
Credit quality expense		—			—			—			—			—			—			—			—			—			—			—
Operating Expense:
Amortization of goodwill		—			—			—			—			—			—			—			—			—			—			—
Other		81			84			82			79			79			73			84			92			84			86			83
Total operating expense		81			84			82			79			79			73			84			92			84			86			83
Income from continuing operations before taxes (benefits)		62			51			57			58			50			56			56			52			58			58			52
Income taxes (benefits)		25			21			23			24			20			23			23			20			24			23			22
Income (loss) from continuing operations		37			30			34			34			30			33			33			32			34			35			30
Income (loss) from discontinued operations after-tax (b)		—			—			—			—			—			—			—			—			—			—			—
Net income (loss)	$	37		$	30		$	34		$	34		$	30		$	33		$	33		$	32		$	34		$	35		$	30
($ billions)
Average Loans		—			—			—			—			—			—			—			—			—			—			—
Average Assets (c)	$	0.7		$	0.7		$	0.7		$	0.7		$	0.7		$	0.6		$	0.6		$	0.7		$	0.7		$	0.7		$	0.7
Average Deposits		—			—			—			—			—			—			—			—			—			—			—
Average Common Equity	$	0.3		$	0.3		$	0.3		$	0.4		$	0.4		$	0.4		$	0.4		$	0.4		$	0.4		$	0.4		$	0.4
Average Tier I Preferred Equity		—			—			—			—			—			—			—			—			—			—			—
Assets under Management (period end)	$	109		$	106		$	113		$	112		$	120		$	133		$	131		$	152		$	164		$	164		$	162
Assets under Administration or Custody (period end)		—			—			—			—			—			—			—			—			—			—			—
Return on common equity		48	%		38	%		41	%		40	%		36	%		38	%		36	%		35	%		36	%		34	%		29	%
Pretax Operating Margin		43	%		38	%		41	%		42	%		39	%		43	%		40	%		36	%		41	%		40	%		39	%

(a) Results exclude the after-tax impact of the amortization of goodwill from purchased acquisitions.

(b) Net income (loss) from discontinued operations has not been allocated to any of the Corporation’s reportable sectors.

(c) Where average deposits are in excess of average loans, average assets include an allocation of investment securities to balance.

n/m — not meaningful

In January 2002, the Corporation began to record customer expense reimbursements as revenue in accordance with a FASB staff announcement. The Corporation had historically reported expense reimbursements as a reduction of expenses. Prior period amounts have been reclassified.

Note: Prior periods sector data reflects immaterial reclassifications resulting from minor changes to be consistent with current period presentation.

Page 19

Appendix B (continued)

MELLON FINANCIAL CORPORATION

BUSINESS SECTORS (a)

PRIVATE WEALTH MANAGEMENT—11 Quarter Trend

(dollar amounts in millions, averages in billions; presented on an FTE basis)	2000												2001												2002
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr
Trust fees	$	74		$	75		$	79		$	85		$	81		$	81		$	80		$	70		$	80		$	78		$	75
Other fee revenue		2			4			3			2			3			3			2			7			3			3			4
Net interest revenue / (expense)		28			32			32			33			34			38			44			49			54			54			52
Total revenue		104			111			114			120			118			122			126			126			137			135			131
Credit quality expense		—			—			1			—			—			—			—			1			1			—			(1	)
Operating Expense:
Amortization of goodwill		—			—			—			—			—			—			—			—			—			—			—
Other		57			58			60			58			60			63			62			69			70			66			68
Total operating expense		57			58			60			58			60			63			62			69			70			66			68
Income from continuing operations before taxes (benefits)		47			53			53			62			58			59			64			56			66			69			64
Income taxes (benefits)		17			19			18			23			21			21			23			18			23			25			23
Income (loss) from continuing operations		30			34			35			39			37			38			41			38			43			44			41
Income (loss) from discontinued operations after-tax (b)		—			—			—			—			—			—			—			—			—			—			—
Net income (loss)	$	30		$	34		$	35		$	39		$	37		$	38		$	41		$	38		$	43		$	44		$	41
($ billions)
Average Loans	$	2.3		$	2.2		$	2.4		$	2.4		$	2.4		$	2.3		$	2.4		$	2.4		$	2.5		$	2.7		$	2.8
Average Assets (c)	$	4.4		$	4.6		$	4.7		$	4.8		$	4.8		$	4.7		$	4.6		$	5.2		$	5.1		$	5.0		$	4.8
Average Deposits	$	3.9		$	4.1		$	4.2		$	4.2		$	4.2		$	4.0		$	3.9		$	4.6		$	4.5		$	4.4		$	4.3
Average Common Equity	$	0.2		$	0.2		$	0.2		$	0.2		$	0.2		$	0.2		$	0.2		$	0.2		$	0.2		$	0.2		$	0.2
Average Tier I Preferred Equity		—			—			—			—			—			—			—			—			—			—			—
Assets under Management (period end)	$	57		$	56		$	57		$	56		$	50		$	52		$	46		$	50		$	51		$	47		$	43
Assets under Administration or Custody (period end)	$	37		$	35		$	33		$	33		$	31		$	24		$	21		$	21		$	20		$	19		$	17
Return on common equity		57	%		60	%		57	%		66	%		66	%		70	%		73	%		65	%		84	%		82	%		78	%
Pretax Operating Margin		45	%		47	%		47	%		51	%		49	%		49	%		51	%		44	%		48	%		51	%		49	%

(a) Results exclude the after-tax impact of the amortization of goodwill from purchased acquisitions.

(b) Net income (loss) from discontinued operations has not been allocated to any of the Corporation’s reportable sectors.

(c) Where average deposits are in excess of average loans, average assets include an allocation of investment securities to balance.

n/m — not meaningful

In January 2002, the Corporation began to record customer expense reimbursements as revenue in accordance with a FASB staff announcement. The Corporation had historically reported expense reimbursements as a reduction of expenses. Prior period amounts have been reclassified.

Note: Prior periods sector data reflects immaterial reclassifications resulting from minor changes to be consistent with current period presentation.

Page 20

Appendix B (continued)

MELLON FINANCIAL CORPORATION

BUSINESS SECTORS (a)

ASSET SERVICING—11 Quarter Trend

(dollar amounts in millions, averages in billions; presented on an FTE basis)	2000												2001												2002
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr
Trust fees	$	99		$	106		$	103		$	100		$	109		$	118		$	106		$	118		$	125		$	138		$	130
Other fee revenue		43			36			34			35			41			39			35			36			27			30			35
Net interest revenue / (expense)		20			22			26			27			31			28			31			35			28			24			23
Total revenue		162			164			163			162			181			185			172			189			180			192			188
Credit quality expense		—			—			—			—			—			—			—			—			—			—			—
Operating Expense:
Amortization of goodwill		—			—			—			—			—			—			—			—			—			—			—
Other		93			95			102			105			108			110			108			125			128			134			138
Total operating expense		93			95			102			105			108			110			108			125			128			134			138
Income from continuing operations before taxes (benefits)		69			69			61			57			73			75			64			64			52			58			50
Income taxes (benefits)		24			24			22			20			25			27			22			21			19			20			18
Income (loss) from continuing operations		45			45			39			37			48			48			42			43			33			38			32
Income (loss) from discontinued operations after-tax (b)		—			—			—			—			—			—			—			—			—			—			—
Net income (loss)	$	45		$	45		$	39		$	37		$	48		$	48		$	42		$	43		$	33		$	38		$	32
($ billions)
Average Loans		—			—			—			—			—			—			—			—			—			—			—
Average Assets (c)	$	4.1		$	4.7		$	4.7		$	4.8		$	5.0		$	4.4		$	4.7		$	4.6		$	4.2		$	4.4		$	4.7
Average Deposits	$	3.2		$	3.5		$	3.5		$	3.7		$	3.9		$	3.3		$	3.8		$	3.7		$	3.2		$	3.4		$	3.4
Average Common Equity	$	0.4		$	0.4		$	0.4		$	0.4		$	0.4		$	0.4		$	0.4		$	0.5		$	0.4		$	0.5		$	0.4
Average Tier I Preferred Equity		—			—			—			—			—			—			—			—			—			—			—
Assets under Management (period end)	$	41		$	43		$	40		$	40		$	44		$	43		$	39		$	41		$	45		$	43		$	44
Assets under Administration or Custody (period end)	$	2,215		$	2,213		$	2,256		$	2,226		$	2,193		$	2,243		$	2,030		$	2,029		$	2,162		$	2,066		$	2,071
Return on common equity		44	%		43	%		37	%		35	%		42	%		42	%		35	%		36	%		29	%		33	%		28	%
Pretax Operating Margin		42	%		42	%		37	%		35	%		40	%		40	%		37	%		34	%		29	%		30	%		26	%

(a) Results exclude the after-tax impact of the amortization of goodwill from purchased acquisitions.

(b) Net income (loss) from discontinued operations has not been allocated to any of the Corporation’s reportable sectors.

(c) Where average deposits are in excess of average loans, average assets include an allocation of investment securities to balance.

n/m — not meaningful

In January 2002, the Corporation began to record customer expense reimbursements as revenue in accordance with a FASB staff announcement. The Corporation had historically reported expense reimbursements as a reduction of expenses. Prior period amounts have been reclassified.

Note: Prior periods sector data reflects immaterial reclassifications resulting from minor changes to be consistent with current period presentation.

Page 21

Appendix B (continued)

MELLON FINANCIAL CORPORATION

BUSINESS SECTORS (a)

HUMAN RESOURCES SERVICES—11 Quarter Trend

(dollar amounts in millions, averages in billions; presented on an FTE basis)	2000												2001												2002
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr
Trust fees	$	105		$	119		$	115		$	131		$	181		$	193		$	178		$	180		$	279		$	274		$	241
Other fee revenue		1			1			—			—			(1	)		—			(1	)		3			1			5			16
Net interest revenue / (expense)		(1	)		(2	)		(1	)		(3	)		(2	)		(4	)		(3	)		(3	)		(6	)		(6	)		(7	)
Total revenue		105			118			114			128			178			189			174			180			274			273			250
Credit quality expense		—			—			—			—			—			—			—			—			—			—			—
Operating Expense:
Amortization of goodwill		—			—			—			—			—			—			—			—			—			—			—
Other		107			108			106			119			160			169			165			175			252			256			246
Total operating expense		107			108			106			119			160			169			165			175			252			256			246
Income from continuing operations before taxes (benefits)		(2	)		10			8			9			18			20			9			5			22			17			4
Income taxes (benefits)		(1	)		4			2			3			6			7			3			1			8			6			1
Income (loss) from continuing operations		(1	)		6			6			6			12			13			6			4			14			11			3
Income (loss) from discontinued operations after-tax (b)		—			—			—			—			—			—			—			—			—			—			—
Net income (loss)	$	(1	)	$	6		$	6		$	6		$	12		$	13		$	6		$	4		$	14		$	11		$	3
($ billions)
Average Loans		—			—			—			—			—			—			—			—			—			—			—
Average Assets (c)	$	0.7		$	0.7		$	0.7		$	0.7		$	0.9		$	0.9		$	0.9		$	1.2		$	1.7		$	1.7		$	2.0
Average Deposits	$	0.2		$	0.1		$	0.1		$	0.1		$	0.1		$	0.1		$	0.1		$	0.1		$	0.1		$	0.1		$	0.1
Average Common Equity	$	0.1		$	0.1		$	0.1		$	0.1		$	0.2		$	0.2		$	0.2		$	0.2		$	0.3		$	0.3		$	0.3
Average Tier I Preferred Equity		—			—			—			—			—			—			—			—			—			—			—
Assets under Management (period end)		—			—			—			—			—			—			—			—			—			—			—
Assets under Administration or Custody (period end)	$	9		$	9		$	9		$	8		$	27		$	28		$	26		$	32		$	135		$	121		$	114
Return on common equity		n/m			34	%		26	%		18	%		29	%		31	%		15	%		11	%		21	%		16	%		4	%
Pretax Operating Margin		n/m			8	%		7	%		6	%		10	%		10	%		5	%		3	%		8	%		6	%		2	%

(a) Results exclude the after-tax impact of the amortization of goodwill from purchased acquisitions.

(b) Net income (loss) from discontinued operations has not been allocated to any of the Corporation’s reportable sectors.

(c) Where average deposits are in excess of average loans, average assets include an allocation of investment securities to balance.

n/m — not meaningful

In January 2002, the Corporation began to record customer expense reimbursements as revenue in accordance with a FASB staff announcement. The Corporation had historically reported expense reimbursements as a reduction of expenses. Prior period amounts have been reclassified.

Note: Prior periods sector data reflects immaterial reclassifications resulting from minor changes to be consistent with current period presentation.

Page 22

Appendix B (continued)

MELLON FINANCIAL CORPORATION

BUSINESS SECTORS (a)

TREASURY SERVICES—11 Quarter Trend

(dollar amounts in millions, averages in billions; presented on an FTE basis)	2000												2001												2002
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr
Trust fees	$	1		$	1		$	1		$	1		$	1		$	3		$	1		$	1		$	2		$	2		$	2
Other fee revenue		71			76			77			78			83			88			87			92			87			90			91
Net interest revenue / (expense)		88			93			94			94			94			98			105			97			113			120			124
Total revenue		160			170			172			173			178			189			193			190			202			212			217
Credit quality expense		4			3			2			—			1			—			1			—			1			—			1
Operating Expense:
Amortization of goodwill		—			—			—			—			—			—			—			—			—			—			—
Other		94			100			103			105			105			113			108			115			113			118			117
Total operating expense		94			100			103			105			105			113			108			115			113			118			117
Income from continuing operations before taxes (benefits)		62			67			67			68			72			76			84			75			88			94			99
Income taxes (benefits)		22			24			24			24			26			26			31			25			31			34			36
Income (loss) from continuing operations		40			43			43			44			46			50			53			50			57			60			63
Income (loss) from discontinued operations after-tax (b)		—			—			—			—			—			—			—			—			—			—			—
Net income (loss)	$	40		$	43		$	43		$	44		$	46		$	50		$	53		$	50		$	57		$	60		$	63
($ billions)
Average Loans	$	7.4		$	6.5		$	6.3		$	6.0		$	5.9		$	5.7		$	5.3		$	5.4		$	5.3		$	5.5		$	5.4
Average Assets (c)	$	10.7		$	10.2		$	9.7		$	9.7		$	10.7		$	9.9		$	9.9		$	10.0		$	10.1		$	9.6		$	12.7
Average Deposits	$	6.9		$	7.4		$	7.1		$	7.9		$	9.0		$	8.3		$	8.6		$	8.7		$	8.5		$	8.0		$	11.0
Average Common Equity	$	0.9		$	0.9		$	1.0		$	0.9		$	0.9		$	0.9		$	0.8		$	0.8		$	1.1		$	1.0		$	1.1
Average Tier I Preferred Equity	$	0.3		$	0.3		$	0.3		$	0.3		$	0.3		$	0.3		$	0.2		$	0.2		$	0.2		$	0.2		$	0.2
Assets under Management (period end)		—			—			—			—			—			—			—			—			—			—			—
Assets under Administration or Custody (period end)		—			—			—			—			—			—			—			—			—			—			—
Return on common equity		18	%		19	%		18	%		19	%		20	%		22	%		28	%		25	%		21	%		24	%		24	%
Pretax Operating Margin		39	%		40	%		39	%		39	%		40	%		41	%		44	%		39	%		44	%		45	%		45	%

(a) Results exclude the after-tax impact of the amortization of goodwill from purchased acquisitions.

(b) Net income (loss) from discontinued operations has not been allocated to any of the Corporation’s reportable sectors.

(c) Where average deposits are in excess of average loans, average assets include an allocation of investment securities to balance.

n/m — not meaningful

In January 2002, the Corporation began to record customer expense reimbursements as revenue in accordance with a FASB staff announcement. The Corporation had historically reported expense reimbursements as a reduction of expenses. Prior period amounts have been reclassified.

Note: Prior periods sector data reflects immaterial reclassifications resulting from minor changes to be consistent with current period presentation.

Page 23

Appendix B (continued)

MELLON FINANCIAL CORPORATION

BUSINESS SECTORS (a)

CORE BUSINESS SECTORS—11 Quarter Trend

(dollar amounts in millions, averages in billions; presented on an FTE basis)	2000												2001												2002
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr
Trust fees	$	540		$	545		$	556		$	587		$	621		$	640		$	632		$	673		$	775		$	769		$	710
Other fee revenue		134			126			123			126			130			138			130			141			124			131			148
Net interest revenue / (expense)		130			142			149			150			155			160			171			174			183			187			186
Total revenue		804			813			828			863			906			938			933			988			1,082			1,087			1,044
Credit quality expense		4			3			3			—			1			—			1			1			2			—			—
Operating Expense:
Amortization of goodwill		—			—			—			—			—			—			—			—			—			—			—
Other		519			522			531			567			599			611			625			694			764			769			764
Total operating expense		519			522			531			567			599			611			625			694			764			769			764
Income from continuing operations before taxes (benefits)		281			288			294			296			306			327			307			293			316			318			280
Income taxes (benefits)		103			106			108			109			111			120			113			100			116			117			104
Income (loss) from continuing operations		178			182			186			187			195			207			194			193			200			201			176
Income (loss) from discontinued operations after-tax (b)		—			—			—			—			—			—			—			—			—			—			—
Net income (loss)	$	178		$	182		$	186		$	187		$	195		$	207		$	194		$	193		$	200		$	201		$	176
($ billions)
Average Loans	$	9.7		$	8.7		$	8.7		$	8.4		$	8.3		$	8.0		$	7.7		$	7.8		$	7.8		$	8.2		$	8.2
Average Assets (c)	$	21.4		$	21.7		$	21.3		$	21.4		$	22.8		$	21.3		$	21.7		$	22.8		$	23.0		$	22.6		$	26.2
Average Deposits	$	14.2		$	15.1		$	14.9		$	15.9		$	17.2		$	15.7		$	16.4		$	17.1		$	16.3		$	15.9		$	18.8
Average Common Equity	$	2.1		$	2.1		$	2.2		$	2.2		$	2.3		$	2.3		$	2.2		$	2.3		$	2.6		$	2.6		$	2.6
Average Tier I Preferred Equity	$	0.3		$	0.3		$	0.3		$	0.3		$	0.3		$	0.3		$	0.2		$	0.2		$	0.2		$	0.2		$	0.2
Assets under Management (period end)	$	511		$	521		$	540		$	530		$	520		$	546		$	547		$	592		$	610		$	588		$	562
Assets under Administration or Custody (period end)	$	2,261		$	2,257		$	2,298		$	2,267		$	2,251		$	2,295		$	2,077		$	2,082		$	2,324		$	2,213		$	2,209
Return on common equity		34	%		34	%		33	%		33	%		34	%		36	%		35	%		34	%		31	%		31	%		27	%
Pretax Operating Margin		35	%		35	%		36	%		34	%		34	%		35	%		33	%		30	%		29	%		29	%		27	%

(a) Results exclude the after-tax impact of the amortization of goodwill from purchased acquisitions.

(b) Net income (loss) from discontinued operations has not been allocated to any of the Corporation’s reportable sectors.

(c) Where average deposits are in excess of average loans, average assets include an allocation of investment securities to balance.

n/m — not meaningful

In January 2002, the Corporation began to record customer expense reimbursements as revenue in accordance with a FASB staff announcement. The Corporation had historically reported expense reimbursements as a reduction of expenses. Prior period amounts have been reclassified.

Note: Prior periods sector data reflects immaterial reclassifications resulting from minor changes to be consistent with current period presentation.

Page 24

Appendix B (continued)

MELLON FINANCIAL CORPORATION

BUSINESS SECTORS (a)

OTHER ACTIVITIES—11 Quarter Trend

(dollar amounts in millions, averages in billions; presented on an FTE basis)	2000												2001												2002
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr
Trust fees	$	24		$	12		$	(1	)	$	(2	)	$	(3	)	$	(2	)	$	(3	)	$	(3	)	$	—		$	(1	)	$	—
Other fee revenue		50			42			44			35			40			(114	)		15			(244	)		54			36			35
Net interest revenue / (expense)		3			(4	)		(7	)		(8	)		(13	)		(22	)		(23	)		(20	)		(25	)		(31	)		(27	)
Total revenue		77			50			36			25			24			(138	)		(11	)		(267	)		29			4			8
Credit quality expense		(1	)		6			(11	)		4			(16	)		1			4			4			2			160			2
Operating Expense:
Amortization of goodwill		—			—			—			—			—			—			—			—			—			—			—
Other		28			12			16			—			6			(2	)		(18	)		62			8			(9	)		(8	)
Total operating expense		28			12			16			—			6			(2	)		(18	)		62			8			(9	)		(8	)
Income from continuing operations before taxes (benefits)		50			32			31			21			34			(137	)		3			(333	)		19			(147	)		14
Income taxes (benefits)		18			12			11			7			13			(48	)		1			(112	)		8			(52	)		4
Income (loss) from continuing operations		32			20			20			14			21			(89	)		2			(221	)		11			(95	)		10
Income (loss) from discontinued operations after-tax (b)		—			—			—			—			—			—			—			—			—			—			—
Net income (loss)	$	32		$	20		$	20		$	14		$	21		$	(89	)	$	2		$	(221	)	$	11		$	(95	)	$	10
($ billions)
Average Loans	$	1.8		$	1.8		$	1.7		$	1.9		$	2.0		$	2.1		$	1.9		$	1.6		$	1.3		$	1.5		$	1.6
Average Assets (c)	$	6.4		$	6.3		$	6.3		$	7.2		$	8.2		$	9.4		$	12.8		$	12.0		$	9.0		$	10.3		$	8.0
Average Deposits	$	1.7		$	1.3		$	1.3		$	1.3		$	1.1		$	1.0		$	0.9		$	0.8		$	1.2		$	2.0		$	1.1
Average Common Equity	$	1.8		$	1.7		$	1.7		$	1.8		$	1.7		$	1.4		$	1.2		$	1.5		$	0.9		$	0.8		$	0.7
Average Tier I Preferred Equity	$	0.7		$	0.7		$	0.7		$	0.7		$	0.7		$	0.7		$	0.8		$	0.8		$	0.8		$	0.8		$	0.8
Assets under Management (period end)		—			—			—			—			—			—			—			—			—			—			—
Assets under Administration or Custody (period end)		—			—			—			—			—			—			—			—			—			—			—
Return on common equity		n/m			n/m			n/m			n/m			n/m			n/m			n/m			n/m			n/m			n/m			n/m
Pretax Operating Margin		n/m			n/m			n/m			n/m			n/m			n/m			n/m			n/m			n/m			n/m			n/m

(a) Results exclude the after-tax impact of the amortization of goodwill from purchased acquisitions.

(b) Net income (loss) from discontinued operations has not been allocated to any of the Corporation’s reportable sectors.

(c) Where average deposits are in excess of average loans, average assets include an allocation of investment securities to balance

n/m — not meaningful

In January 2002, the Corporation began to record customer expense reimbursements as revenue in accordance with a FASB staff announcement. The Corporation had historically reported expense reimbursements as a reduction of expenses. Prior period amounts have been reclassified.

Note: Prior periods sector data reflects immaterial reclassifications resulting from minor changes to be consistent with current period presentation.

Page 25

Appendix B (continued)

MELLON FINANCIAL CORPORATION

BUSINESS SECTORS (a)

CONSOLIDATED RESULTS—11 Quarter Trend

(dollar amounts in millions, averages in billions; presented on an FTE basis)	2000												2001												2002
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr
Trust fees	$	564		$	557		$	555		$	585		$	618		$	638		$	629		$	670		$	775		$	768		$	710
Other fee revenue		184			168			167			161			170			24			145			(103	)		178			167			183
Net interest revenue / (expense)		133			138			142			142			142			138			148			154			158			156			159
Total revenue		881			863			864			888			930			800			922			721			1,111			1,091			1,052
Credit quality expense		3			9			(8	)		4			(15	)		1			5			5			4			160			2
Operating Expense:
Amortization of goodwill		—			—			—			—			—			—			—			—			—			—			—
Other		547			534			547			567			605			609			607			756			772			760			756
Total operating expense		547			534			547			567			605			609			607			756			772			760			756
Income from continuing operations before taxes (benefits)		331			320			325			317			340			190			310			(40	)		335			171			294
Income taxes (benefits)		121			118			119			116			124			72			114			(12	)		124			65			108
Income (loss) from continuing operations		210			202			206			201			216			118			196			(28	)		211			106			186
Income (loss) from discontinued operations after-tax (b)		69			71			72			79			75			(39	)		20			856			5			3			5
Net income (loss)	$	279		$	273		$	278		$	280		$	291		$	79		$	216		$	828		$	216		$	109		$	191
($ billions)
Average Loans	$	11.5		$	10.5		$	10.4		$	10.3		$	10.3		$	10.1		$	9.6		$	9.4		$	9.1		$	9.7		$	9.8
Average Assets (c)(d)	$	47.2		$	46.9		$	46.1		$	46.7		$	48.2		$	45.8		$	45.5		$	42.5		$	33.0		$	33.4		$	34.2
Average Deposits	$	15.9		$	16.4		$	16.2		$	17.2		$	18.3		$	16.7		$	17.3		$	17.9		$	17.5		$	17.9		$	19.9
Average Common Equity	$	3.9		$	3.8		$	3.9		$	4.0		$	4.0		$	3.7		$	3.4		$	3.8		$	3.5		$	3.4		$	3.3
Average Tier I Preferred Equity	$	1.0		$	1.0		$	1.0		$	1.0		$	1.0		$	1.0		$	1.0		$	1.0		$	1.0		$	1.0		$	1.0
Assets under Management (period end)	$	511		$	521		$	540		$	530		$	520		$	546		$	547		$	592		$	610		$	588		$	562
Assets under Administration or Custody (period end)	$	2,261		$	2,257		$	2,298		$	2,267		$	2,251		$	2,295		$	2,077		$	2,082		$	2,324		$	2,213		$	2,209
Return on common equity (e)		22	%		22	%		21	%		20	%		22	%		13	%		23	%		n/m			25	%		13	%		23	%
Pretax Operating Margin (e)		38	%		37	%		38	%		36	%		37	%		24	%		34	%		n/m			30	%		16	%		28	%

(a) Results exclude the after-tax impact of the amortization of goodwill from purchased acquisitions.

(b) Net income (loss) from discontinued operations has not been allocated to any of the Corporation’s reportable sectors.

(c) Where average deposits are in excess of average loans, average assets include an allocation of investment securities to balance.

(d) Consolidated average assets includes average assets of discontinued operations of $1.038 billion, $480 million and $- million for the first, second and third quarter, respectively, of 2002; $17.138 billion, $15.153 billion, $11.030 billion and $7.599 billion for the first, second, third and fourth quarter, respectively, of 2001; and $19.359 billion, $18.932 billion, $18.478 billion and $18.101 billion for the first, second, third and fourth quarter, respectively, of 2000.

(e) On a continuing operations basis.

n/m — not meaningful

In January 2002, the Corporation began to record customer expense reimbursements as revenue in accordance with a FASB staff announcement. The Corporation had historically reported expense reimbursements as a reduction of expenses. Prior period amounts have been reclassified.

Note: Prior periods sector data reflects immaterial reclassifications resulting from minor changes to be consistent with current period presentation.

Page 26