Pricing Supplement Dated February 22, 1996  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: February 22, 1996  Original Issue Date: March 14, 1996
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
Commission/Discount: none                              Basis
Interest Rate: 7.00% per annum     Interest Payment Dates:
                                   Monthly on the 14th of   
                                   each month commencing
Maturity Date: March 14, 2011      April 14, 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 March 14, 2000 and semi-annually
               thereafter on 30 calendar days notice

     Initial Redemption Date: March 14, 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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                       Lehman Brothers Inc.

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The Notes described herein are being purchased by Lehman
Brothers Inc. (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 $10,000,000.