BNY Mellon to Exit the FDIC's Transaction Account Guarantee Program

NEW YORK, Nov. 2 /PRNewswire-FirstCall/ -- BNY Mellon announced today that it
intends to opt out of the six-month extension of the Transaction Account
Guarantee Program (TAGP), which guarantees full insurance coverage from the
FDIC on non interest-bearing transactional accounts greater than $250,000.
Participation in the current program will continue through December 31, 2009.

"This decision reflects our strong financial position," said Thomas P. (Todd)
Gibbons, chief financial officer of BNY Mellon. "We have repaid our TARP
funding and ended the third quarter of 2009 with capital ratios -- including
tier 1, tier 1 common and tangible common equity -- stronger than the same
period a year ago."

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation
(NYSE: BK). BNY Mellon is a global financial services company focused on
helping clients manage and service their financial assets, operating in 34
countries and serving more than 100 markets. BNY Mellon is a leading provider
of financial services for institutions, corporations and high-net-worth
individuals, providing superior asset management and wealth management, asset
servicing, issuer services, clearing services and treasury services through a
worldwide client-focused team. It has $22.1 trillion in assets under custody
and administration and $966 billion in assets under management, services $11.9
trillion in outstanding debt and processes global payments averaging $1.6
trillion per day. Additional information is available at www.bnymellon.com.

SOURCE The Bank of New York Mellon Corporation

Ron Gruendl, +1-412-234-7157, ron.gruendl@bnymellon.com, or Kevin Heine,
+1-212-635-1590, kevin.heine@bnymellon.com