Pricing Supplement Dated November 21, 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: November 21, 1995  Original Issue Date: November 30,
                                                    1995
Principal Amount: $10,000,000 Net Proceeds to Issuer: $10,000,000
Issue Price: 100%             Agent's Capacity:
Selling Agent's               x Principal Basis      Agency Basis
     Commission/Discount: None
Interest Rate: 7.125% per annum    Interest Payment Dates: The
Maturity Date: November 30, 2015   30th day of each month,       
                                   commencing December 30, 1995
_________________________________________________________________

Form:     x    Book Entry
               Certificated

Redemption:
               The Notes cannot be redeemed prior to maturity
          x    The Notes may be redeemed prior to maturity on    
               November 30, 1999 and semi-annually thereafter    
               on 30 calendar days notice

     Initial Redemption Date: November 30, 1999

     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.
                                
                        Smith Barney Inc.