Exhibit

The Bank of New York Mellon Corporation

Financial Supplement

Third Quarter 2019



Table of Contents




Consolidated Results		Page
Consolidated Financial Highlights		3
Condensed Consolidated Income Statement		4
Condensed Consolidated Balance Sheet		5
Fee and Other Revenue		6
Average Balances and Interest Rates		7
Capital and Liquidity		8

Business Segment Results
Investment Services Business		9
Investment Management Business		11
AUM by Product, AUM Flows and Wealth Management Client Assets		12
Other Segment		13

Other
Investment Securities Portfolio		14
Allowance for Credit Losses and Nonperforming Assets		15

Supplemental Information – Explanation of GAAP and Non-GAAP Financial Measures		16



THE BANK OF NEW YORK MELLON CORPORATION
CONSOLIDATED FINANCIAL HIGHLIGHTS
(dollars in millions, except per common share amounts, or unless otherwise noted)																3Q19 vs.										YTD19 vs.
	3Q19			2Q19			1Q19			4Q18			3Q18			2Q19		3Q18		YTD19			YTD18			YTD18
Selected income statement data
Fee revenue	$	3,129		$	3,105		$	3,031		$	3,146		$	3,168		1	%	(1	)%	$	9,265		$	9,696		(4	)%
Net securities (losses) gains	(1		)	7			1			—			—			N/M		N/M		7			(48		)	N/M
Fee and other revenue	3,128			3,112			3,032			3,146			3,168			1		(1	)	9,272			9,648			(4	)
Income (loss) from consolidated investment management funds	3			10			26			(24		)	10			N/M		N/M		39			11			N/M
Net interest revenue	730			802			841			885			891			(9	)	(18	)	2,373			2,726			(13	)
Total revenue	3,861			3,924			3,899			4,007			4,069			(2	)	(5	)	11,684			12,385			(6	)
Provision for credit losses	(16		)	(8		)	7			—			(3		)	N/M		N/M		(17		)	(11		)	N/M
Noninterest expense	2,590			2,647			2,699			2,987			2,738			(2	)	(5	)	7,936			8,224			(4	)
Income before income taxes	1,287			1,285			1,193			1,020			1,334			—		(4	)	3,765			4,172			(10	)
Provision for income taxes	246			264			237			150			220			(7	)	12		747			788			N/M
Net income	$	1,041		$	1,021		$	956		$	870		$	1,114		2	%	(7	)%	$	3,018		$	3,384		(11	)%
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	1,002		$	969		$	910		$	832		$	1,075		3	%	(7	)%	$	2,881		$	3,265		(12	)%

Diluted earnings per common share	$	1.07		$	1.01		$	0.94		$	0.84		$	1.06		6	%	1	%	$	3.01		$	3.20		(6	)%
Average common shares and equivalents outstanding - diluted (in thousands)	935,677			953,928			965,960			988,650			1,003,665			(2	)%	(7	)%	951,876			1,013,242			(6	)%

Financial ratios (Returns are annualized)
Pre-tax operating margin	33		%	33		%	31		%	25		%	33		%					32		%	34		%
Return on common equity (a)	10.6		%	10.4		%	10.0		%	8.7		%	11.2		%					10.3		%	11.6		%
Return on tangible common equity – Non-GAAP (a)	21.4		%	21.2		%	20.7		%	17.9		%	23.1		%					21.1		%	24.1		%
Non-U.S. revenue as a percentage of total revenue	37		%	36		%	36		%	36		%	37		%					36		%	37		%

Period end
Assets under custody and/or administration (“AUC/A”) (in trillions) (b)	$	35.8		$	35.5		$	34.5		$	33.1		$	34.5		1	%	4	%
Assets under management (“AUM”) (in trillions)	$	1.88		$	1.84		$	1.84		$	1.72		$	1.83		2	%	3	%

Full-time employees	48,700			49,100			49,800			51,300			52,000			(1	)%	(6	)%
Book value per common share (a)	$	40.75		$	40.30		$	39.36		$	38.63		$	38.45
Tangible book value per common share – Non-GAAP (a)	$	20.59		$	20.45		$	19.74		$	19.04		$	19.35
Cash dividends per common share	$	0.31		$	0.28		$	0.28		$	0.28		$	0.28
Common dividend payout ratio	29		%	28		%	30		%	33		%	26		%
Closing stock price per common share	$	45.21		$	44.15		$	50.43		$	47.07		$	50.99
Market capitalization	$	41,693		$	41,619		$	48,288		$	45,207		$	50,418
Common shares outstanding (in thousands)	922,199			942,662			957,517			960,426			988,777

Capital ratios at period end (c)
Common Equity Tier 1 ("CET1") ratio	11.1		%	11.1		%	11.1		%	10.7		%	11.2		%
Tier 1 capital ratio	13.2		%	13.2		%	13.2		%	12.8		%	13.3		%
Total capital ratio	14.0		%	14.0		%	14.0		%	13.6		%	14.1		%
Supplementary leverage ratio ("SLR")	6.1		%	6.3		%	6.3		%	6.0		%	6.4		%
(a) Non-GAAP information, for all periods presented, excludes goodwill and intangible assets, net of deferred tax liabilities. See "Supplemental Information - Explanation of GAAP and Non-GAAP Financial Measures" beginning on page 16 for the reconciliation of Non-GAAP measures.
(b) Includes the AUC/A of CIBC Mellon Global Securities Services Company ("CIBC Mellon"), a joint venture with the Canadian Imperial Bank of Commerce, of $1.4 trillion at Sept. 30, 2019 and June 30, 2019, $1.3 trillion at March 31, 2019, $1.2 trillion at Dec. 31, 2018 and $1.4 trillion at Sept. 30, 2018.
(c) Regulatory capital ratios for Sept. 30, 2019 are preliminary. All risk-based capital ratios are presented using Advanced Approaches.
N/M - Not meaningful.



THE BANK OF NEW YORK MELLON CORPORATION
CONDENSED CONSOLIDATED INCOME STATEMENT
(dollars in millions, except per share amounts; common shares in thousands)																3Q19 vs.										YTD19 vs.
	3Q19			2Q19			1Q19			4Q18			3Q18			2Q19		3Q18		YTD19			YTD18			YTD18
Revenue
Investment services fees:
Asset servicing fees	$	1,152		$	1,141		$	1,122		$	1,126		$	1,157		1	%	—	%	$	3,415		$	3,482		(2	)%
Clearing services fees (a)	419			410			398			398			393			2		7		1,227			1,218			1
Issuer services fees	324			291			251			286			287			11		13		866			813			7
Treasury services fees	140			140			132			139			137			—		2		412			415			(1	)
Total investment services fees (a)	2,035			1,982			1,903			1,949			1,974			3		3		5,920			5,928			—
Investment management and performance fees (a)	832			833			841			884			912			—		(9	)	2,506			2,763			(9	)
Foreign exchange and other trading revenue	150			166			170			181			155			(10	)	(3	)	486			551			(12	)
Financing-related fees	49			50			51			50			52			(2	)	(6	)	150			157			(4	)
Distribution and servicing	33			31			31			35			34			6		(3	)	95			104			(9	)
Investment and other income	30			43			35			47			41			N/M		N/M		108			193			N/M
Total fee revenue	3,129			3,105			3,031			3,146			3,168			1		(1	)	9,265			9,696			(4	)
Net securities (losses) gains	(1		)	7			1			—			—			N/M		N/M		7			(48		)	N/M
Total fee and other revenue	3,128			3,112			3,032			3,146			3,168			1		(1	)	9,272			9,648			(4	)
Income (loss) from consolidated investment management funds	3			10			26			(24		)	10			N/M		N/M		39			11			N/M
Net interest revenue	730			802			841			885			891			(9	)	(18	)	2,373			2,726			(13	)
Total revenue	3,861			3,924			3,899			4,007			4,069			(2	)	(5	)	11,684			12,385			(6	)
Provision for credit losses	(16		)	(8		)	7			—			(3		)	N/M		N/M		(17		)	(11		)	N/M
Noninterest expense
Staff	1,479			1,421			1,524			1,602			1,478			4		—		4,424			4,543			(3	)
Professional, legal and other purchased services	316			337			325			383			332			(6	)	(5	)	978			951			3
Software and equipment	309			304			283			300			262			2		18		896			762			18
Net occupancy	138			138			137			196			139			—		(1	)	413			434			(5	)
Sub-custodian and clearing	111			115			105			115			106			(3	)	5		331			335			(1	)
Distribution and servicing	97			94			91			95			99			3		(2	)	282			311			(9	)
Business development	47			56			45			64			51			(16	)	(8	)	148			164			(10	)
Bank assessment charges	31			31			31			22			49			—		(37	)	93			148			(37	)
Amortization of intangible assets	30			30			29			35			48			—		(38	)	89			145			(39	)
Other	32			121			129			175			174			(74	)	(82	)	282			431			(35	)
Total noninterest expense	2,590			2,647			2,699			2,987			2,738			(2	)	(5	)	7,936			8,224			(4	)
Income before income taxes	1,287			1,285			1,193			1,020			1,334			—		(4	)	3,765			4,172			(10	)
Provision for income taxes	246			264			237			150			220			(7	)	12		747			788			N/M
Net income	1,041			1,021			956			870			1,114			2		(7	)	3,018			3,384			(11	)
Net (income) loss attributable to noncontrolling interests	(3		)	(4		)	(10		)	11			(3		)	N/M		N/M		(17		)	1			N/M
Preferred stock dividends	(36		)	(48		)	(36		)	(49		)	(36		)	N/M		N/M		(120		)	(120		)	—
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	1,002		$	969		$	910		$	832		$	1,075		3	%	(7	)%	$	2,881		$	3,265		(12	)%

Average common shares and equivalents outstanding: Basic	933,264			951,281			962,397			984,343			999,808			(2	)%	(7	)%	949,035			1,008,967			(6	)%
Diluted	935,677			953,928			965,960			988,650			1,003,665			(2	)%	(7	)%	951,876			1,013,242			(6	)%

Earnings per common share: Basic	$	1.07		$	1.01		$	0.94		$	0.84		$	1.07		6	%	—	%	$	3.02		$	3.21		(6	)%
Diluted	$	1.07		$	1.01		$	0.94		$	0.84		$	1.06		6	%	1	%	$	3.01		$	3.20		(6	)%
(a) In 1Q19, we reclassified certain platform-related fees to clearing services fees from investment management and performance fees. Prior periods have been reclassified.
N/M - Not meaningful.



THE BANK OF NEW YORK MELLON CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEET
	2019									2018
(in millions)	Sept. 30			June 30			March 31			Dec. 31			Sept. 30
Assets
Cash and due from banks	$	6,718		$	5,556		$	5,980		$	5,864		$	5,047
Interest-bearing deposits with the Federal Reserve and other central banks	73,811			69,700			60,699			67,988			74,725
Interest-bearing deposits with banks	15,417			15,491			13,681			14,148			14,519
Federal funds sold and securities purchased under resale agreements	43,723			61,201			40,158			46,795			28,722
Securities	122,340			120,142			117,504			119,791			118,641
Trading assets	10,180			8,629			6,868			7,035			7,804
Loans	54,881			52,396			53,487			56,564			53,987
Allowance for loan losses	(127		)	(146		)	(146		)	(146		)	(140		)
Net loans	54,754			52,250			53,341			56,418			53,847
Premises and equipment (a)	3,149			2,970			3,010			1,832			1,832
Accrued interest receivable	596			658			651			671			640
Goodwill	17,248			17,337			17,367			17,350			17,390
Intangible assets	3,124			3,160			3,193			3,220			3,258
Other assets	21,727			23,737			23,228			21,298			22,846
Subtotal assets of operations	372,787			380,831			345,680			362,410			349,271
Assets of consolidated investment management funds, at fair value	381			337			452			463			499
Total assets	$	373,168		$	381,168		$	346,132		$	362,873		$	349,770
Liabilities
Deposits	$	249,660		$	252,877		$	222,382		$	238,778		$	231,590
Federal funds purchased and securities sold under repurchase agreements	11,796			11,757			11,761			14,243			10,158
Trading liabilities	4,756			3,768			3,892			3,479			3,536
Payables to customers and broker-dealers	18,364			18,946			19,310			19,731			18,683
Commercial paper	3,538			8,894			2,773			1,939			735
Other borrowed funds	820			1,921			3,932			3,227			2,934
Accrued taxes and other expenses	5,081			5,045			4,686			5,669			5,601
Other liabilities (a)	9,796			7,916			8,050			5,774			6,552
Long-term debt	27,872			28,203			27,874			29,163			28,113
Subtotal liabilities of operations	331,683			339,327			304,660			322,003			307,902
Liabilities of consolidated investment management funds, at fair value	15			6			3			2			7
Total liabilities	331,698			339,333			304,663			322,005			307,909
Temporary equity
Redeemable noncontrolling interests	147			136			122			129			211
Permanent equity
Preferred stock	3,542			3,542			3,542			3,542			3,542
Common stock	14			14			14			14			14
Additional paid-in capital	27,471			27,406			27,349			27,118			27,034
Retained earnings	30,789			30,081			29,382			28,652			28,098
Accumulated other comprehensive loss, net of tax	(2,893		)	(2,688		)	(2,990		)	(3,171		)	(2,983		)
Less: Treasury stock, at cost	(17,803		)	(16,822		)	(16,072		)	(15,517		)	(14,145		)
Total The Bank of New York Mellon Corporation shareholders’ equity	41,120			41,533			41,225			40,638			41,560
Nonredeemable noncontrolling interests of consolidated investment management funds	203			166			122			101			90
Total permanent equity	41,323			41,699			41,347			40,739			41,650
Total liabilities, temporary equity and permanent equity	$	373,168		$	381,168		$	346,132		$	362,873		$	349,770
(a) In 1Q19, we adopted new accounting guidance included in Accounting Standards Update 2016-02, Leases, prospectively, which required the recognition of right-of-use assets (included in premises and equipment) and lease liabilities (included in other liabilities).



THE BANK OF NEW YORK MELLON CORPORATION
FEE AND OTHER REVENUE

																3Q19 vs.										YTD19 vs.
(dollars in millions)	3Q19			2Q19			1Q19			4Q18			3Q18			2Q19		3Q18		YTD19			YTD18			YTD18
Investment services fees:
Asset servicing fees	$	1,109		$	1,097		$	1,074		$	1,079		$	1,099		1	%	1	%	$	3,280		$	3,309		(1	)%
Securities lending revenue	43			44			48			47			58			(2	)	(26	)	135			173			(22	)
Clearing services fees (a)	419			410			398			398			393			2		7		1,227			1,218			1
Issuer services fees	324			291			251			286			287			11		13		866			813			7
Treasury services fees	140			140			132			139			137			—		2		412			415			(1	)
Total investment services fees (a)	2,035			1,982			1,903			1,949			1,974			3		3		5,920			5,928			—
Investment management and performance fees (a)(b)(c)	832			833			841			884			912			—		(9	)	2,506			2,763			(9	)
Foreign exchange and other trading revenue:
Foreign exchange	129			150			160			159			150			(14	)	(14	)	439			504			(13	)
Other trading revenue	21			16			10			22			5			N/M		N/M		47			47			N/M
Total foreign exchange and other trading revenue	150			166			170			181			155			(10	)	(3	)	486			551			(12	)
Financing-related fees	49			50			51			50			52			(2	)	(6	)	150			157			(4	)
Distribution and servicing	33			31			31			35			34			6		(3	)	95			104			(9	)
Investment and other income:
Corporate/bank-owned life insurance	33			32			30			42			36			N/M		N/M		95			103			N/M
Expense reimbursements from joint venture	21			19			19			19			17			N/M		N/M		59			52			N/M
Asset-related gains	2			1			1			2			7			N/M		N/M		4			68			N/M
Seed capital gains (losses) (b)	—			8			2			(8		)	8			N/M		N/M		10			11			N/M
Other (loss)	(26		)	(17		)	(17		)	(8		)	(27		)	N/M		N/M		(60		)	(41		)	N/M
Total investment and other income (b)	30			43			35			47			41			N/M		N/M		108			193			N/M
Total fee revenue	3,129			3,105			3,031			3,146			3,168			1		(1	)	9,265			9,696			(4	)
Net securities (losses) gains	(1		)	7			1			—			—			N/M		N/M		7			(48		)	N/M
Total fee and other revenue	$	3,128		$	3,112		$	3,032		$	3,146		$	3,168		1	%	(1	)%	$	9,272		$	9,648		(4	)%
(a) In 1Q19, we reclassified certain platform-related fees to clearing services fees from investment management and performance fees. Prior periods have been reclassified.
(b) Excludes seed capital gains related to consolidated investment management funds, which are reflected in operations of consolidated investment management funds.
(c) On a constant currency basis (Non-GAAP), investment management and performance fees decreased 7% compared with 3Q18. See "Supplemental Information - Explanation of GAAP and Non-GAAP Financial Measures" beginning on page 16 for the reconciliation of this Non-GAAP measure.
N/M - Not meaningful.



THE BANK OF NEW YORK MELLON CORPORATION
AVERAGE BALANCES AND INTEREST RATES
	3Q19					2Q19				1Q19				4Q18				3Q18
	Average balance		Average rate			Average balance		Average rate		Average balance		Average rate		Average balance		Average rate		Average balance		Average rate
(dollars in millions; average rates are annualized)	Average balance		Average rate			Average balance		Average rate		Average balance		Average rate		Average balance		Average rate		Average balance		Average rate
Assets
Interest-earning assets:
Interest-bearing deposits with the Federal Reserve and other central banks	$	60,030	0.67	%		$	61,756	0.72	%	$	63,583	0.87	%	$	63,916	0.89	%	$	61,216	0.80	%
Interest-bearing deposits with banks (primarily foreign banks)	15,324		1.89			13,666		1.87		13,857		1.85		14,666		1.67		14,691		1.58
Federal funds sold and securities purchased under resale agreements (a)	40,816		6.42			38,038		5.99		28,968		6.63		28,843		5.98		26,738		4.18
Margin loans	10,303		4.02			10,920		4.36		12,670		4.34		13,369		4.08		13,738		3.74
Non-margin loans:
Domestic offices	29,285		2.75		(b)	29,492		3.86		28,177		3.85		29,576		3.73		28,628		3.59
Foreign offices	11,247		2.97			9,961		3.29		10,511		3.32		10,889		3.10		11,441		2.98
Total non-margin loans	40,532		2.81		(b)	39,453		3.71		38,688		3.70		40,465		3.56		40,069		3.42
Securities:
U.S. government obligations	19,315		2.11			18,870		2.19		23,597		2.22		24,531		2.14		24,423		2.09
U.S. government agency obligations	67,235		2.49			66,445		2.58		64,867		2.63		64,496		2.54		64,612		2.40
State and political subdivisions (c)	1,217		3.05			1,735		2.89		2,206		2.71		2,263		2.63		2,453		2.77
Other securities (c)	33,729		1.75			30,770		2.04		28,647		2.13		27,614		1.91		27,017		1.98
Trading securities (c)	5,653		2.80			5,764		2.72		5,102		2.91		5,543		2.77		4,261		3.05
Total securities	127,149		2.25			123,584		2.40		124,419		2.45		124,447		2.33		122,766		2.28
Total interest-earning assets	$	294,154	2.63	%	(b)	$	287,417	2.74	%	$	282,185	2.75	%	$	285,706	2.60	%	$	279,218	2.33	%
Noninterest-earning assets	56,525					54,967				53,980				52,885				53,123
Total assets	$	350,679				$	342,384			$	336,165			$	338,591			$	332,341

Liabilities and total equity
Interest-bearing liabilities:
Interest-bearing deposits:
Domestic offices	$	82,663	1.28	%		$	74,180	1.36	%	$	70,562	1.29	%	$	72,929	1.19	%	$	57,942	0.97	%
Foreign offices	94,738		0.71			93,365		0.78		89,317		0.76		88,734		0.59		90,694		0.42
Total interest-bearing deposits	177,401		0.98			167,545		1.04		159,879		0.99		161,663		0.86		148,636		0.63
Federal funds purchased and securities sold under repurchase agreements (a)	13,432		13.08			11,809		12.64		11,922		11.26		10,980		10.95		14,199		5.33
Trading liabilities	1,371		2.33			1,735		2.47		1,305		2.25		1,330		1.86		1,150		2.32
Other borrowed funds	1,148		3.24			2,455		3.36		3,305		2.87		2,903		2.44		2,747		2.33
Commercial paper	3,796		2.26			2,957		2.43		1,377		2.44		353		2.41		3,102		2.10
Payables to customers and broker-dealers	15,440		1.52			15,666		1.76		16,108		1.76		15,727		1.61		16,252		1.23
Long-term debt	28,386		3.24			27,681		3.45		28,254		3.52		28,201		3.29		28,074		3.17
Total interest-bearing liabilities	$	240,974	1.99	%		$	229,848	2.03	%	$	222,150	1.96	%	$	221,157	1.75	%	$	214,160	1.37	%
Total noninterest-bearing deposits	49,027					52,956				54,583				58,972				60,677
Other noninterest-bearing liabilities	19,280					18,362				18,628				16,754				15,660
Total The Bank of New York Mellon Corporation shareholders’ equity	41,139					41,029				40,628				41,428				41,578
Noncontrolling interests	259					189				176				280				266
Total liabilities and shareholders’ equity	$	350,679				$	342,384			$	336,165			$	338,591			$	332,341
Net interest margin			0.99	%	(b)			1.12	%			1.20	%			1.24	%			1.27	%
Net interest margin (FTE) – Non-GAAP (d)			1.00	%	(b)			1.12	%			1.20	%			1.24	%			1.28	%
(a) Includes the average impact of offsetting under enforceable netting agreements of approximately $68 billion for 3Q19, $51 billion for 2Q19, $44 billion for 1Q19, $43 billion for 4Q18 and $26 billion for 3Q18. On a Non-GAAP basis, excluding the impact of offsetting, the yield on federal funds sold and securities purchased under resale agreements would have been 2.42% for 3Q19, 2.57% for 2Q19, 2.63% for 1Q19, 2.41% for 4Q18 and 2.12% for 3Q18. On a Non-GAAP basis, excluding the impact of offsetting, the rate on federal funds purchased and securities sold under repurchase agreements would have been 2.17% for 3Q19, 2.39% for 2Q19, 2.40% for 1Q19, 2.24% for 4Q18 and 1.88% for 3Q18. We believe providing the rates excluding the impact of netting is useful to investors as it is more reflective of the actual rates earned and paid.
(b) Includes the impact of the lease-related impairment of $70 million. On a Non-GAAP basis, excluding the lease-related impairment, the yield on non-margin loans in domestic offices would have been 3.70%, the yield on total non-margin loans would have been 3.50%, the yield on total interest-earning assets would have been 2.72% and the net interest margin and the net interest margin (FTE) – Non-GAAP would have been 1.09%.
(c) Average rates were calculated on an FTE basis, at tax rates of approximately 21%.
(d) See "Supplemental Information - Explanation of GAAP and Non-GAAP Financial Measures" beginning on page 16 for the reconciliation of this Non-GAAP measure.



THE BANK OF NEW YORK MELLON CORPORATION
CAPITAL AND LIQUIDITY
	2019									2018
(dollars in millions)	Sept. 30			June 30			March 31			Dec. 31			Sept. 30
Consolidated regulatory capital ratios (a)
Standardized Approach:
CET1 capital	$	18,258		$	18,534		$	18,156		$	17,567		$	18,517
Tier 1 capital	21,738			22,015			21,639			21,044			22,002
Total capital	23,206			23,500			23,136			22,536			23,497
Risk-weighted assets	148,523			149,226			151,101			149,618			149,348

CET1 ratio	12.3		%	12.4		%	12.0		%	11.7		%	12.4		%
Tier 1 capital ratio	14.6			14.8			14.3			14.1			14.7
Total capital ratio	15.6			15.7			15.3			15.1			15.7

Advanced Approaches:
CET1 capital	$	18,258		$	18,534		$	18,156		$	17,567		$	18,517
Tier 1 capital	21,738			22,015			21,639			21,044			22,002
Total capital	23,001			23,300			22,941			22,349			23,299
Risk-weighted assets	164,329			166,570			163,618			164,671			165,137

CET1 ratio	11.1		%	11.1		%	11.1		%	10.7		%	11.2		%
Tier 1 capital ratio	13.2			13.2			13.2			12.8			13.3
Total capital ratio	14.0			14.0			14.0			13.6			14.1

Tier 1 leverage ratio	6.6		%	6.8		%	6.8		%	6.6		%	7.0		%

SLR:
Leverage exposure	$	359,084		$	350,747		$	344,829		$	347,943		$	341,566
SLR	6.1		%	6.3		%	6.3		%	6.0		%	6.4		%

Average liquidity coverage ratio	117		%	117		%	118		%	118		%	121		%
(a) Regulatory capital ratios for Sept. 30, 2019 are preliminary. For our CET1, Tier 1 capital and Total capital ratios, our effective capital ratios under the U.S. capital rules are the lower of the ratios as calculated under the Standardized and Advanced Approaches, which for the periods noted above was the Advanced Approaches.



THE BANK OF NEW YORK MELLON CORPORATION
INVESTMENT SERVICES BUSINESS

																3Q19 vs.										YTD19 vs.
(dollars in millions)	3Q19			2Q19			1Q19			4Q18			3Q18			2Q19		3Q18		YTD19			YTD18			YTD18
Revenue:
Investment services fees:
Asset servicing fees (ex. securities lending revenue) (a)	$	1,093		$	1,080		$	1,059		$	1,063		$	1,084		1	%	1	%	$	3,232		$	3,259		(1	)%
Securities lending revenue	39			40			44			43			52			(3	)	(25	)	123			155			(21	)
Clearing services fees (b)	419			411			398			398			393			2		7		1,228			1,217			1
Issuer services fees	324			291			251			286			288			11		13		866			813			7
Treasury services fees	139			140			132			139			136			(1	)	2		411			414			(1	)
Total investment services fees (b)	2,014			1,962			1,884			1,929			1,953			3		3		5,860			5,858			—
Foreign exchange and other trading revenue	160			153			157			163			161			5		(1	)	470			502			(6	)
Other (b)(c)	117			112			113			121			116			4		1		342			353			(3	)
Total fee and other revenue	2,291			2,227			2,154			2,213			2,230			3		3		6,672			6,713			(1	)
Net interest revenue	753			775			796			827			827			(3	)	(9	)	2,324			2,545			(9	)
Total revenue	3,044			3,002			2,950			3,040			3,057			1		—		8,996			9,258			(3	)
Provision for credit losses	(15		)	(4		)	8			6			1			N/M		N/M		(11		)	(5		)	N/M
Noninterest expense (ex. amortization of intangible assets)	1,944			1,934			1,949			2,090			1,995			1		(3	)	5,827			5,839			—
Amortization of intangible assets	21			20			20			22			35			5		(40	)	61			107			(43	)
Total noninterest expense	1,965			1,954			1,969			2,112			2,030			1		(3	)	5,888			5,946			(1	)
Income before taxes	$	1,094		$	1,052		$	973		$	922		$	1,026		4	%	7	%	$	3,119		$	3,317		(6	)%

Pre-tax operating margin	36		%	35		%	33		%	30		%	34		%					35		%	36		%

Total revenue by line of business:
Asset Servicing	$	1,405		$	1,391		$	1,407		$	1,435		$	1,458		1	%	(4	)%	$	4,203		$	4,497		(7	)%
Pershing	568			564			554			558			558			1		2		1,686			1,697			(1	)
Issuer Services	466			446			396			441			453			4		3		1,308			1,302			—
Treasury Services	312			317			317			328			324			(2	)	(4	)	946			974			(3	)
Clearance and Collateral Management	293			284			276			278			264			3		11		853			788			8
Total revenue by line of business	$	3,044		$	3,002		$	2,950		$	3,040		$	3,057		1	%	—	%	$	8,996		$	9,258		(3	)%
(a) Asset servicing fees include the fees from the Clearance and Collateral Management business.
(b) In 1Q19, we reclassified certain platform-related fees to clearing services fees from investment management and performance fees. Prior periods have been reclassified.
(c) Other revenue includes investment management fees, financing-related fees, distribution and servicing revenue and investment and other income.
N/M - Not meaningful.



THE BANK OF NEW YORK MELLON CORPORATION
INVESTMENT SERVICES BUSINESS

											3Q19 vs.								YTD19 vs.
(dollars in millions, unless otherwise noted)	3Q19		2Q19		1Q19		4Q18		3Q18		2Q19		3Q18		YTD19		YTD18		YTD18
Average loans	$	32,758	$	32,287	$	33,171	$	35,540	$	35,044	1	%	(7	)%	$	32,737	$	37,400	(12	)%
Average assets	$	269,784	$	264,639	$	255,891	$	262,584	$	246,276	2	%	10	%	$	263,489	$	262,804	—	%
Average deposits	$	208,044	$	201,146	$	195,082	$	203,416	$	192,741	3	%	8	%	$	201,472	$	203,233	(1	)%

AUC/A at period end (in trillions) (a)(b)	$	35.8	$	35.5	$	34.5	$	33.1	$	34.5	1	%	4	%
Market value of securities on loan at period end (in billions) (c)	$	362	$	369	$	377	$	373	$	415	(2	)%	(13	)%

Pershing
Average active clearing accounts (U.S. platform) (in thousands)	6,283		6,254		6,169		6,125		6,108		—		3	%
Average long-term mutual fund assets (U.S. platform)	$	547,522	$	532,384	$	507,606	$	489,491	$	527,336	3	%	4	%
Average investor margin loans (U.S. platform)	$	9,222	$	9,440	$	10,093	$	10,921	$	10,696	(2	)%	(14	)%

Clearance and Collateral Management
Average tri-party collateral management balances (in billions)	$	3,550	$	3,400	$	3,266	$	3,181	$	2,995	4	%	19	%
(a) Sept. 30, 2019 information is preliminary.
(b) Includes the AUC/A of CIBC Mellon of $1.4 trillion at Sept. 30, 2019 and June 30, 2019, $1.3 trillion at March 31, 2019, $1.2 trillion at Dec. 31, 2018 and $1.4 trillion at Sept. 30, 2018.
(c) Represents the total amount of securities on loan in our agency securities lending program managed by the Investment Services business. Excludes securities for which BNY Mellon acts as agent on behalf of CIBC Mellon clients, which totaled $66 billion at Sept. 30, 2019, $64 billion at June 30, 2019, $62 billion at March 31, 2019, $58 billion at Dec.31, 2018 and $69 billion at Sept. 30, 2018.



THE BANK OF NEW YORK MELLON CORPORATION
INVESTMENT MANAGEMENT BUSINESS

																3Q19 vs.										YTD19 vs.
(dollars in millions)	3Q19			2Q19			1Q19			4Q18			3Q18			2Q19		3Q18		YTD19			YTD18			YTD18
Revenue:
Investment management fees (a)	$	826		$	827		$	806		$	826		$	879		—	%	(6	)%	$	2,459		$	2,662		(8	)%
Performance fees	2			2			31			54			30			N/M		(93	)	35			90			(61	)
Investment management and performance fees (b)	828			829			837			880			909			—		(9	)	2,494			2,752			(9	)
Distribution and servicing	45			44			45			45			47			2		(4	)	134			145			(8	)
Other (a)	(40		)	(23		)	(18		)	(35		)	(18		)	N/M		N/M		(81		)	(6		)	N/M
Total fee and other revenue (a)	833			850			864			890			938			(2	)	(11	)	2,547			2,891			(12	)
Net interest revenue	57			67			75			73			77			(15	)	(26	)	199			230			(13	)
Total revenue	890			917			939			963			1,015			(3	)	(12	)	2,746			3,121			(12	)
Provision for credit losses	—			(2		)	1			1			(2		)	N/M		N/M		(1		)	2			N/M
Noninterest expense (ex. amortization of intangible assets)	580			645			660			702			688			(10	)	(16	)	1,885			2,065			(9	)
Amortization of intangible assets	10			9			9			13			13			11		(23	)	28			38			(26	)
Total noninterest expense	590			654			669			715			701			(10	)	(16	)	1,913			2,103			(9	)
Income before taxes	$	300		$	265		$	269		$	247		$	316		13	%	(5	)%	$	834		$	1,016		(18	)%

Pre-tax operating margin	34		%	29		%	29		%	26		%	31		%					30		%	33		%
Adjusted pre-tax operating margin – Non-GAAP (c)	38		%	32		%	32		%	29		%	35		%					34		%	36		%

Total revenue by line of business:
Asset Management	$	605		$	618		$	637		$	660		$	704		(2	)%	(14	)%	$	1,860		$	2,176		(15	)%
Wealth Management	285			299			302			303			311			(5	)	(8	)	886			945			(6	)
Total revenue by line of business	$	890		$	917		$	939		$	963		$	1,015		(3	)%	(12	)%	$	2,746		$	3,121		(12	)%

Average loans	$	16,260		$	16,322		$	16,403		$	16,485		$	16,763		—	%	(3	)%	$	16,328		$	16,871		(3	)%
Average assets	$	30,326		$	30,709		$	31,857		$	31,043		$	31,283		(1	)%	(3	)%	$	30,724		$	31,577		(3	)%
Average deposits	$	14,083		$	14,615		$	15,815		$	14,893		$	14,634		(4	)%	(4	)%	$	14,831		$	14,088		5	%
(a) Total fee and other revenue includes the impact of the consolidated investment management funds, net of noncontrolling interests. Additionally, other revenue includes asset servicing fees, treasury services fees, foreign exchange and other trading revenue and investment and other income.
(b) On a constant currency basis, investment management and performance fees decreased 7% (Non-GAAP) compared with 3Q18. See "Supplemental Information - Explanation of GAAP and Non-GAAP Financial Measures" beginning on page 16 for the reconciliation of this Non-GAAP measure.
(c) Net of distribution and servicing expense. See "Supplemental Information - Explanation of GAAP and Non-GAAP Financial Measures" beginning on page 16 for the reconciliation of this Non-GAAP measure.
N/M - Not meaningful.



THE BANK OF NEW YORK MELLON CORPORATION
AUM BY PRODUCT, AUM FLOWS AND WEALTH MANAGEMENT CLIENT ASSETS

																3Q19 vs.										YTD19 vs.
(dollars in billions)	3Q19			2Q19			1Q19			4Q18			3Q18			2Q19		3Q18		YTD19			YTD18			YTD18
AUM by product type (a)(b)
Equity	$	147		$	152		$	149		$	135		$	167		(3	)%	(12	)%
Fixed income	211			209			208			200			202			1		4
Index	321			322			333			301			352			—		(9	)
Liability-driven investments	742			709			709			659			652			5		14
Multi-asset and alternative investments	182			184			178			167			184			(1	)	(1	)
Cash	278			267			264			260			271			4		3
Total AUM by product type	$	1,881		$	1,843		$	1,841		$	1,722		$	1,828		2	%	3	%

Changes in AUM (a)(b)
Beginning balance of AUM	$	1,843		$	1,841		$	1,722		$	1,828		$	1,805						$	1,722		$	1,893
Net inflows (outflows):
Long-term strategies:
Equity	(4		)	(2		)	(4		)	(8		)	(2		)					(10		)	(5		)
Fixed income	2			(4		)	3			(1		)	2							1			5
Liability-driven investments	(4		)	1			5			14			16							2			31
Multi-asset and alternative investments	(1		)	1			(4		)	(2		)	2							(4		)	(4		)
Total long-term active strategies (outflows) inflows	(7		)	(4		)	—			3			18							(11		)	27
Index	(3		)	(22		)	(2		)	(11		)	(3		)					(27		)	(23		)
Total long-term strategies (outflows) inflows	(10		)	(26		)	(2		)	(8		)	15							(38		)	4
Short-term strategies:
Cash	11			2			2			(10		)	—							15			(25		)
Total net inflows (outflows)	1			(24		)	—			(18		)	15							(23		)	(21		)
Net market impact	66			42			103			(69		)	18							211			21
Net currency impact	(29		)	(16		)	16			(19		)	(10		)					(29		)	(34		)
Divestiture/Other	—			—			—			—			—							—			(31		)
Ending balance of AUM	$	1,881		$	1,843		$	1,841		$	1,722		$	1,828		2	%	3	%	$	1,881		$	1,828		3	%

Wealth Management client assets (a)(c)	$	259		$	257		$	253		$	239		$	261		1	%	(1	)%
(a) Sept. 30, 2019 information is preliminary.
(b) Excludes securities lending cash management assets and assets managed in the Investment Services business.
(c) Includes AUM and AUC/A in the Wealth Management business.



THE BANK OF NEW YORK MELLON CORPORATION
OTHER SEGMENT

(in millions)	3Q19			2Q19			1Q19			4Q18			3Q18			YTD19			YTD18
Fee revenue	$	5		$	34		$	29		$	29		$	7		$	68		$	104
Net securities (losses) gains	(1		)	7			1			—			—			7			(48		)
Total fee and other revenue	4			41			30			29			7			75			56
Net interest (expense)	(80		)	(40		)	(30		)	(15		)	(13		)	(150		)	(49		)
Total (loss) revenue	(76		)	1			—			14			(6		)	(75		)	7
Provision for credit losses	(1		)	(2		)	(2		)	(7		)	(2		)	(5		)	(8		)
Noninterest expense	35			39			61			160			6			135			174
(Loss) before taxes	$	(110	)	$	(36	)	$	(59	)	$	(139	)	$	(10	)	$	(205	)	$	(159	)

Average loans and leases	$	1,817		$	1,764		$	1,784		$	1,809		$	2,000		$	1,789		$	2,204
Average assets	$	50,569		$	47,036		$	48,417		$	44,964		$	54,782		$	48,916		$	51,139



THE BANK OF NEW YORK MELLON CORPORATION
INVESTMENT SECURITIES PORTFOLIO

(dollars in millions)	June 30, 2019			3Q19 change in unrealized gain (loss)			Sept. 30, 2019					Fair value as a % of amortized cost (a)		Unrealized gain (loss)				Ratings (b)
	June 30, 2019						Amortized cost		Fair value									AAA/ AA-		A+/ A-		BBB+/ BBB-		BB+ and lower		Not rated
	Fair value						Amortized cost		Fair value									AAA/ AA-		A+/ A-		BBB+/ BBB-		BB+ and lower		Not rated
Agency RMBS	$	52,860		$	199		$	53,011	$	53,254		100	%	$	243			100	%	—	%	—	%	—	%	—	%
U.S. Treasury	18,284			32			18,497		18,541			100		44				100		—		—		—		—
Sovereign debt/sovereign guaranteed	13,146			26			13,767		13,932			101		165				76		4		19		1		—
Agency commercial MBS	10,689			86			10,501		10,598			101		97				100		—		—		—		—
Supranational	3,925			14			4,077		4,113			101		36				100		—		—		—		—
CLOs	3,649			2			3,882		3,868			100		(14		)		99		—		—		1		—
Foreign covered bonds	3,479			5			3,651		3,670			101		19				100		—		—		—		—
U.S. government agencies	3,866			31			3,308		3,344			101		36				100		—		—		—		—
Other asset-backed securities	2,470			3			2,477		2,484			100		7				100		—		—		—		—
Non-agency commercial MBS	1,993			18			2,207		2,250			102		43				98		2		—		—		—
Foreign government agencies	1,599			8			2,175		2,183			100		8				95		5		—		—		—
Non-agency RMBS (c)	1,314			(12		)	1,089		1,301			120		212				19		11		5		41		24
State and political subdivisions	1,297			(2		)	1,175		1,200			102		25				70		29		—		—		1
Corporate bonds	905			5			858		879			103		21				16		68		16		—		—
Other	75			—			71		74			104		3				—		—		—		—		100
Total investment securities	$	119,551	(d)	$	415		$	120,746	$	121,691	(d)	101	%	$	945		(d)(e)	95	%	2	%	2	%	1	%	—	%
(a) Amortized cost reflects historical impairments.
(b) Represents ratings by S&P, or the equivalent.
(c) Includes RMBS that were included in the former Grantor Trust of $753 million at June 30, 2019 and $689 million at Sept. 30, 2019.
(d) Includes net unrealized losses on derivatives hedging securities available-for-sale of $737 million at June 30, 2019 and $963 million at Sept. 30, 2019.
(e) Includes unrealized gains of $631 million at Sept. 30, 2019 related to available-for-sale securities, net of hedges.



THE BANK OF NEW YORK MELLON CORPORATION
ALLOWANCE FOR CREDIT LOSSES AND NONPERFORMING ASSETS

	2019											2018
(dollars in millions)	Sept. 30			June 30				March 31				Dec. 31			Sept. 30
Allowance for credit losses - beginning of period:
Allowance for loan losses	$	146		$	146			$	146			$	140		$	145
Allowance for lending-related commitments	95			102				106				111			109
Allowance for credit losses - beginning of period	$	241		$	248			$	252			$	251		$	254

Net (charge-offs) recoveries:
Charge-offs	(1		)	(1		)		(11		)		—			(1		)
Recoveries	—			2				—				1			1
Total net (charge-offs) recoveries	(1		)	1				(11		)		1			—
Provision for credit losses	(16		)	(8		)		7				—			(3		)
Allowance for credit losses - end of period	$	224		$	241			$	248			$	252		$	251

Allowance for credit losses - end of period:
Allowance for loan losses	$	127		$	146			$	146			$	146		$	140
Allowance for lending-related commitments	97			95				102				106			111
Allowance for credit losses - end of period	$	224		$	241			$	248			$	252		$	251

Allowance for loan losses as a percentage of total loans	0.23		%	0.28		%		0.27		%		0.26		%	0.26		%

Nonperforming assets	$	88		$	186		(a)	$	174		(a)	$	79		$	81
(a) Includes nonperforming loans to a California utility company that filed for bankruptcy that were sold in 3Q19.



THE BANK OF NEW YORK MELLON CORPORATION
SUPPLEMENTAL INFORMATION – EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES

BNY Mellon has included in this Financial Supplement certain Non-GAAP financial measures on a tangible basis as a supplement to GAAP information, which exclude goodwill and intangible assets, net of deferred tax liabilities. BNY Mellon believes that the return on tangible common equity is additional useful information for investors because it presents a measure of those assets that can generate income, and the tangible book value per common share is additional useful information because it presents the level of tangible assets in relation to shares of common stock outstanding.

Net interest revenue, on a fully taxable equivalent ("FTE") basis – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income which allows for the comparison of amounts arising from both taxable and tax-exempt sources and is consistent with industry practice. The adjustment to an FTE basis has no impact on net income.

BNY Mellon has also included the operating margin for the Investment Management business net of distribution and servicing expense that was passed to third parties who distribute or service our managed funds. BNY Mellon believes that this measure is useful when evaluating the performance of the Investment Management business relative to industry competitors.

The presentation of the growth rates of investment management and performance fees on a constant currency basis permits investors to assess the significance of changes in foreign currency exchange rates. Growth rates on a constant currency basis were determined by applying the current period foreign currency exchange rates to the prior period revenue. BNY Mellon believes that this presentation, as a supplement to GAAP information, gives investors a clearer picture of the related revenue results without the variability caused by fluctuations in foreign currency exchange rates.

Notes:
Certain immaterial reclassifications/revisions have been made to prior periods to place them on a basis comparable with the current period's presentation.

In businesses where average deposits are greater than average loans, average assets include an allocation of investment securities equal to the difference.

Quarterly return on common and tangible common equity ratios are annualized.


Return on common equity and tangible common equity reconciliation
(dollars in millions)	3Q19			2Q19			1Q19			4Q18			3Q18			YTD19			YTD18
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP	$	1,002		$	969		$	910		$	832		$	1,075		$	2,881		$	3,265
Add: Amortization of intangible assets	30			30			29			35			48			89			145
Less: Tax impact of amortization of intangible assets	7			7			7			8			11			21			34
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets – Non-GAAP	$	1,025		$	992		$	932		$	859		$	1,112		$	2,949		$	3,376

Average common shareholders’ equity	$	37,597		$	37,487		$	37,086		$	37,886		$	38,036		$	37,392		$	37,795
Less: Average goodwill	17,267			17,343			17,376			17,358			17,391			17,328			17,492
Average intangible assets	3,141			3,178			3,209			3,239			3,283			3,176			3,340
Add: Deferred tax liability – tax deductible goodwill	1,103			1,094			1,083			1,072			1,066			1,103			1,066
Deferred tax liability – intangible assets	679			687			690			692			699			679			699
Average tangible common shareholders’ equity – Non-GAAP	$	18,971		$	18,747		$	18,274		$	19,053		$	19,127		$	18,670		$	18,728

Return on common equity – GAAP	10.6		%	10.4		%	10.0		%	8.7		%	11.2		%	10.3		%	11.6		%
Return on tangible common equity – Non-GAAP	21.4		%	21.2		%	20.7		%	17.9		%	23.1		%	21.1		%	24.1		%



THE BANK OF NEW YORK MELLON CORPORATION
SUPPLEMENTAL INFORMATION – EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES
Book value and tangible book value per common share reconciliation	2019									2018
(dollars in millions, except common shares)	Sept. 30			June 30			March 31			Dec. 31			Sept. 30
BNY Mellon shareholders’ equity at period end – GAAP	$	41,120		$	41,533		$	41,225		$	40,638		$	41,560
Less: Preferred stock	3,542			3,542			3,542			3,542			3,542
BNY Mellon common shareholders’ equity at period end – GAAP	37,578			37,991			37,683			37,096			38,018
Less: Goodwill	17,248			17,337			17,367			17,350			17,390
Intangible assets	3,124			3,160			3,193			3,220			3,258
Add: Deferred tax liability – tax deductible goodwill	1,103			1,094			1,083			1,072			1,066
Deferred tax liability – intangible assets	679			687			690			692			699
BNY Mellon tangible common shareholders’ equity at period end – Non-GAAP	$	18,988		$	19,275		$	18,896		$	18,290		$	19,135

Period-end common shares outstanding (in thousands)	922,199			942,662			957,517			960,426			988,777

Book value per common share – GAAP	$	40.75		$	40.30		$	39.36		$	38.63		$	38.45
Tangible book value per common share – Non-GAAP	$	20.59		$	20.45		$	19.74		$	19.04		$	19.35



Net interest margin reconciliation
(dollars in millions)	3Q19			2Q19			1Q19			4Q18			3Q18
Net interest revenue – GAAP	$	730		$	802		$	841		$	885		$	891
Add: Tax equivalent adjustment	3			4			4			4			5
Net interest revenue (FTE) – Non-GAAP	$	733		$	806		$	845		$	889		$	896

Average interest-earning assets	$	294,154		$	287,417		$	282,185		$	285,706		$	279,218

Net interest margin – GAAP (a)	0.99		%	1.12		%	1.20		%	1.24		%	1.27		%
Net interest margin (FTE) – Non-GAAP (a)	1.00		%	1.12		%	1.20		%	1.24		%	1.28		%
(a) Net interest margin is annualized.



THE BANK OF NEW YORK MELLON CORPORATION
SUPPLEMENTAL INFORMATION – EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES
Pre-tax operating margin reconciliation - Investment Management business
(dollars in millions)	3Q19			2Q19			1Q19			4Q18			3Q18			YTD19			YTD18
Income before income taxes – GAAP	$	300		$	265		$	269		$	247		$	316		$	834		$	1,016

Total revenue – GAAP	$	890		$	917		$	939		$	963		$	1,015		$	2,746		$	3,121
Less: Distribution and servicing expense	98			94			91			95			99			283			312
Adjusted total revenue, net of distribution and servicing expense – Non-GAAP	$	792		$	823		$	848		$	868		$	916		$	2,463		$	2,809

Pre-tax operating margin – GAAP (a)	34		%	29		%	29		%	26		%	31		%	30		%	33		%
Adjusted pre-tax operating margin, net of distribution and servicing expense – Non-GAAP (a)	38		%	32		%	32		%	29		%	35		%	34		%	36		%
(a) Income before income taxes divided by total revenue.



Constant currency reconciliations							3Q19 vs.
(dollars in millions)	3Q19			3Q18			3Q18
Consolidated:
Investment management and performance fees – GAAP	$	832		$	912		(9		)%
Impact of changes in foreign currency exchange rates	—			(14		)
Adjusted investment management and performance fees – Non-GAAP	$	832		$	898		(7		)%


Investment Management business:
Investment management and performance fees – GAAP	$	828		$	909		(9		)%
Impact of changes in foreign currency exchange rates	—			(14		)
Adjusted investment management and performance fees – Non-GAAP	$	828		$	895		(7		)%