Pricing Supplement Dated August 6, 1999            Rule 424(b)(3)
(To Prospectus dated February 4, 1999 and       File Nos. 333-70187,
Prospectus Supplement dated July 30, 1999)      333-70187-01, 333-
                                                70187-02, 333-70187-
                                                03, 333-70187-04 and
                                                33-61957
THE BANK OF NEW YORK COMPANY, INC.

Senior Subordinated Medium-Term Notes Series D
(U.S. $ Fixed Rate)
_________________________________________________________________

Trade Date: August 6, 1999     Original Issue Date: August 25, 1999
Principal Amount: $35,000,000  Net Proceeds to Issuer: $34,343,750
Issue Price: 98.125%           Agent's Capacity:
Selling Agent's                x Principal Basis      Agency Basis
Commission/Discount: 1.875%
Interest Rate: 7.55% per annum      Interest Payment Dates:
Maturity Date: August 25, 2009      Monthly on the 25th
                                    Commencing September 25, 1999
__________________________________________________________________
Form:       x     Book Entry
                  Certificated

Redemption:
                  The Notes cannot be redeemed prior to maturity
           x      The Notes may be redeemed prior to maturity on
                  August 25, 2002 and on any February 25 or August 25
                  thereafter with 30 calendar days notice.

      Initial Redemption Date: August 25, 2002

      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 Senior Debt Securities and Senior Subordinated Debt
Securities -- Defeasance and Covenant Defeasance" in the Prospectus
will apply to the Notes. The Notes described herein are being
purchased by Merrill Lynch & Co. (the "Agent"), as principal, on the
terms and conditions described in the Prospectus Supplement under the
caption "Plan of Distribution of 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 will be $34,343,750.

                       Merrill Lynch & Co.