Press Release

The Bank of New York to Host Seminar on its Clearing Businesses

NEW YORK, October 13, 2005 - The Bank of New York Company, Inc. announced today that it will hold an investor seminar on its clearing businesses on Tuesday, November 1, 2005 from 8:30 a.m. to approximately 10:30 a.m. EDT. Company President Gerald L. Hassell will host the seminar, which will include presentations by Richard F. Brueckner, chief executive officer of Pershing LLC; Brian T. Shea, chief operating officer of Pershing LLC; and Arthur Certosimo, executive vice president of broker-dealer services. The seminar will include information about the Company, its businesses and future outlook.

The presentation will be accessible on a listen-only basis from the Company’s website at www.bankofny.com/presentations and by telephone at (888) 677-2456 within the United States or (517) 623-4161 internationally. The passcode is "The Bank of New York." It is recommended that interested parties check the website at least 15 minutes beforehand to register and confirm software compatibility. A recorded replay of the presentation will also be available following the presentation on the Company’s website at www.bankofny.com/presentations and by telephone at (800) 759-3449 within the United States or (203) 369-3657 internationally.

The Bank of New York Company, Inc. (NYSE: BK) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies: securities servicing, treasury management, investment management, and individual & regional banking services. The Company’s extensive global client base includes a broad range of leading financial institutions, corporations, government entities, endowments and foundations. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide. Additional information is available at www.bankofny.com.

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