8-K

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                                UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION

                          Washington, D.C.  20549


                                 FORM 8-K

                               CURRENT REPORT


                     Pursuant to Section 13 or 15(d) of
                     the Securities Exchange Act of 1934


                                Date of Report
                      (Date of earliest event reported):
                                August 9, 2005


                      THE BANK OF NEW YORK COMPANY, INC.
                      ----------------------------------
            (exact name of registrant as specified in its charter)


                                   NEW YORK
                                   --------
                (State or other jurisdiction of incorporation)


                 001-06152                          13-2614959
                 ---------                          ----------
       (Commission file number)      (I.R.S. employer identification number)


        One Wall Street, New York, NY                10286
        -----------------------------                -----
   (Address of principal executive offices)        (Zip code)


                                  212-495-1784
                                  ------------
                        (Registrant's telephone number,
                              including area code)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(c))



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Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
          Appointment of Principal Officers.

On August 9, 2005, the Board of Directors of The Bank of New York Company,
Inc. (the "Company") elected Richard C. Vaughan a member of the Company's
Board of Directors effective October 10, 2005.

Mr. Vaughan is expected to serve on the Risk, Audit and Examining and Pension
Committees.

A press release announcing the election was issued on August 15, 2005, a copy
of which is being filed as Exhibit 99.1 to this Form 8-K and which is
incorporated herein by reference in its entirety.

Mr. Vaughan, 55, was Executive Vice President and Chief Financial Officer of
Lincoln Financial Group from 1995 until his retirement in May 2005. He has
served as a director of DaVita Inc. since May 2005.


ITEM 9.01   Financial Statements and Exhibits
            ---------------------------------

Index to and Description of Exhibits

(c)  Exhibit        Description
     -------        -----------
       99.1         Press release dated August 15, 2005 announcing the
                    election of Mr. Vaughan as a member of the Company?s
                    Board of Directors.






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                                   SIGNATURE
                                   ---------



     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


Dated: August 15, 2005

                                       THE BANK OF NEW YORK COMPANY, INC.
                                       (Registrant)


                                       By:  /s/ Thomas J. Mastro
                                       -------------------------
                                       Name:   Thomas J. Mastro
                                       Title:  Comptroller

EX-99

Contact:  Jeep Bryant
	  212-635-1569

For Immediate Release


   Richard Vaughan to Join The Bank of New York Company, Inc. Board of Directors

NEW YORK, August 15, 2005 - The Bank of New York Company, Inc. today announced
that Richard C. Vaughan has been elected to the Boards of Directors of
The Bank of New York Company, Inc., and its principal subsidiary, The Bank of
New York, effective October 10, 2005.  Mr. Vaughan is expected to serve on
the Risk, Audit and Examining and Pension Committees.

Mr. Vaughan served as executive vice president and chief financial officer of
Lincoln Financial Group from 1995 until his retirement in May 2005.  He joined
Lincoln in July 1990 as senior vice president and chief financial officer of
Lincoln National's Employee Benefits Division.  In June 1992, he was appointed
chief financial officer for the corporation.  He was promoted to executive
vice president in January 1995. He was previously employed with EQUICOR from
September 1988 to July 1990, where he served as a vice president in charge of
public offerings and insurance accounting.  Prior to that, Mr. Vaughan was
a partner at KPMG Peat Marwick in St. Louis, from July 1980 to September 1988.

"We are fortunate to have the benefit of Rich's experience and insight as he
joins our corporate board," said Chairman and Chief Executive Officer
Thomas A. Renyi. "He brings extensive expertise in financial management and
a keen understanding of the financial services industry."

Mr. Vaughan holds a bachelor's degree in accounting from the University of
Missouri. A Certified Public Accountant (CPA), his professional affiliations
include the American Institute of Certified Public Accountants and the
Pennsylvania Institute of Certified Public Accountants.

Mr. Vaughan joined the DaVita, Inc. Board of Directors in May 2005 where
he chairs its audit committee. He also served on the Board of Directors of
Oxford Health Plans, Inc., and was chair of Oxford's Audit Committee when it
was acquired by United Health Plans in July 2004.  Other recent board and
committee activities include: Chairman of the Philadelphia Museum of Art's
Corporate Executive Board 2003-2005, Chairman of the Board of the YMCA of
Philadelphia and Vicinity 2003-2005, Moody's Financial Institutions CFO Council
2003-2004 and Standard & Poor's Insurance Ratings CFO Roundtable 2002-2005.

The Bank of New York Company, Inc. (NYSE: BK) is a global leader in providing
a comprehensive array of services that enable institutions and individuals
to move and manage their financial assets in more than 100 markets worldwide.
The Company has a long tradition of collaborating with clients to deliver
innovative solutions through its core competencies: securities servicing,
treasury management, investment management, and individual & regional banking
services. The Company's extensive global client base includes a broad range of
leading financial institutions, corporations, government entities, endowments
and foundations.  Its principal subsidiary, The Bank of New York, founded in
1784, is the oldest bank in the United States and has consistently played a
prominent role in the evolution of financial markets worldwide.  Additional
information is available at www.bankofny.com.

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