11-K

                                    
                   SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C.  20549
                                    
                                    
                                    
                               FORM  11-K


(Mark One)


[X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES     
  EXCHANGE ACT OF 1934 [FEE REQUIRED] 

For the fiscal year ended December 31, 1993


[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 [NO FEE REQUIRED]


Commission file number 1-6152


A. Full title of the plan and the address of the plan, if
different from that of the issuer named below:

                                    
                  EMPLOYEES' INCENTIVE SAVINGS PLAN OF 
                   THE BANK OF NEW YORK COMPANY, INC.
                                    

B. Name of issuer of the securities held pursuant to the plan and
the address of its principal executive office:


                                    
                   THE BANK OF NEW YORK COMPANY, INC.
                             48 Wall Street
                       New York, New York   10286





Item 1. Not applicable


Item 2. Not applicable


Item 3. Not applicable


Item 4. In lieu of Items 1-3 above, plan financial statments and
supplemental schedules for the years ended December 31, 1993 and
1992 prepared in accordance with the financial reporting
requirements of ERISA have been filed in paper format under cover
of Form SE.






                                    
                                    
                                    
                               SIGNATURES
                                    


Pursuant to the requirements of the Securities Exchange Act of
1934, the trustees (or other persons who administer the employee
benefit plan) have duly caused this annual report to be signed on
its behalf by the undersigned thereunto duly authorized.
                    


                         EMPLOYEES' INCENTIVE SAVINGS PLAN OF 
                         THE BANK OF NEW YORK COMPANY INC.


                         BY: 
                              \s\ Thomas E. Angers
                              ---------------------             
                                  Thomas E. Angers

                              \s\ Alan R. Griffith
                              ---------------------
                                  Alan R. Griffith

                              \s\ Kevin J. Bannon
                              ---------------------
                                  Kevin J. Bannon


Dated:

June 27, 1994





EXHIBIT INDEX
          

Exhibit No.
- - ----------

   23.1             Consent of Deloitte & Touche

   23.2             Consent of Arthur Andersen & Co.

EX-23.1

                                             Exhibit 23.1

CONSENT OF INDEPENDENT AUDITORS


We consent to the incorporation by reference in the Registration
Statement on Form S-8 (No.33-49963) of the Employees' Incentive
Savings Plan of The Bank of New York Company, Inc. (formerly
known as The National Community Bank of New Jersey Employees'
Incentive Savings Plan) and in the related Prospectus, of our
report dated June 17, 1994 of the Employees' Incentive Savings
Plan of The Bank of New York Company, Inc. included in this
Annual Report on Form 11-K for the year ended December 31, 1993.



\s\ Deloitte & Touche
- - ---------------------
Deloitte & Touche

June 28, 1994
New York, New York

EX-23.2

                                             Exhibit 23.2



CONSENT OF INDEPENDENT PUBLIC ACCOUNTANT    S


As independent public accountants, we hereby consent to the
incorporation by reference in this Form 11-K of our report dated
May 17, 1993 (except with respect to the matter discussed in Note
4, as to which the date is August 11, 1993) with respect to the
National Community Bank of New Jersey Employees' Incentive
Savings Plan (the Plan) Financial Statements as of December 31,
1992 and 1991.  It should be noted that we have not audited any
financial statements of the Plan subsequent to December 31, 1992
or performed any audit procedures subsequent to the date of our
report.



\s\ Arthur Andersen & Co.
- - ------------------------
Arthur Andersen & Co.

New York, New York
June 17, 1994