The Bank of New York Ranked Top Trustee for First Quarter 2007

NEW YORK, May 29 /PRNewswire-FirstCall/ -- The Bank of New York, a global leader in securities servicing, was the number one overall trustee for all U.S. debt for the first quarter of 2007, according to data compiled by Thomson Financial, a leading provider of financial technology and information.

The Bank's top trustee ranking includes lead positions across all significant U.S. debt segments, including long-term municipal, high yield, investment grade, asset-backed, mortgage-backed and collateralized debt.

In all, the Bank served as trustee for approximately 555 issues, a 12.7% market share, valued at more than $234 billion in proceeds. The next closest competitor had approximately 355 issues, an 8.1% market share, valued at $89 billion.

Karen Peetz, senior executive vice president and head of global corporate trust at The Bank of New York, said, "Our number one ranking underscores our leadership across the wide range of debt segments in the United States and reflects our unique ability to meet the increasingly complex needs of our clients through our single-point-of-contact relationship management approach."

The Bank of New York services $8 trillion in outstanding debt from offices in 54 cities and 18 countries around the world. The Bank and its subsidiaries and affiliates provide trust services for all major debt categories, including corporate and municipal debt, mortgage-backed and asset-backed securities, collateralized debt obligations, derivative securities services and international debt offerings.

The Bank of New York Company, Inc. 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, asset management, and wealth management. 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 http://www.bankofny.com/.