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Pricing Supplement Dated August 22, 1995          Rule 424(b)(3)
                                               File No. 33-50333
(To Prospectus dated October 8, 1993 and
Prospectus Supplement dated August 1, 1995)

THE BANK OF NEW YORK COMPANY, INC.

Subordinated Retail Medium-Term Notes
(U.S. $ Fixed Rate)
_________________________________________________________________

Trade Date: August 22, 1995  Original Issue Date: August 25, 1995
Principal Amount: $25,000,000 Net Proceeds to Issuer: $24,922,500
Issue Price: (see below)      Agent's Capacity:
Selling Agent's               x Principal Basis      Agency Basis
     Commission/Discount: (see below)
Interest Rate: 7.56% per annum     Interest Payment Dates: The
Maturity Date: August 24, 2007     twenty fourth day of each
                                   August and February
                                   commencing February 24, 1996
_________________________________________________________________

Form:     x    Book Entry
               Certificated

Redemption:
               The Notes cannot be redeemed prior to maturity
          x    The Notes may be redeemed prior to maturity on
               each August 24 and February 24 occurring on or
               after the Initial Redemption Date

     Initial Redemption Date: August 24, 2000

     Initial Redemption Percentage: 100%

     Annual Redemption Percentage Reduction: N/A

Repayment:

          x    The Notes cannot be repaid prior to maturity
               The Notes can be repaid prior to maturity at the
               option of the holder of the Notes

     Optional Repayment Date:  N/A
     Optional Repayment Price:  N/A

Discount Note:      Yes       x  No

The covenant defeasance provisions of the Indenture described
under"Description of Debt Securities -- Defeasance and Covenant
Defeasance" in the Prospectus will apply to the Notes.
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                       Merrill Lynch & Co.
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(continued from previous page)

The Notes described herein are being purchased by Merrill Lynch &
Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated (the
"Agent"), as principal, on the terms and conditions described in
the Prospectus Supplement under the caption "Plan of Distribution
of Retail Medium-Term Notes".  The Notes will be sold to the
public at varying prices relating to prevailing market prices at
the time of resale as determined by the Agent.  The net proceeds
to the Company, before deducting expenses payable by the Company,
will be $24,922,500.