Exhibit 21.1

THE BANK OF NEW YORK MELLON CORPORATION

PRIMARY SUBSIDIARIES

DEC. 31, 2010

• 4101 Austin Boulevard Corp. – State of Incorporation: New York

• Agency Brokerage Holding, LLC – State of Organization: Delaware

• Alcentra NY LLC – State of Incorporation: Delaware

• Allomon Corporation – State of Incorporation: Pennsylvania

• Albridge Solutions, Inc. – State of Incorporation: Delaware

• Alternative Holding II, LLC – State of Organization: Delaware

• APT Holdings Corporation – State of Incorporation: Delaware

• BB&T AM Distributors, Inc. – State of Incorporation: Delaware

• B.N.Y. Holdings (Delaware) Corporation – State of Incorporation: Delaware

• BNY Aurora Holding Corp. – State of Incorporation: New York

• BNY Capital IV – State of Incorporation: Delaware

• BNY Capital V – State of Incorporation: Delaware

• BNY Capital VI – State of Incorporation: Delaware

• BNY Capital VII – State of Incorporation: Delaware

• BNY Capital VIII – State of Incorporation: Delaware

• BNY Capital IX – State of Incorporation: Delaware

• BNY Capital X – State of Incorporation: Delaware

• BNY Capital Funding, LLC – State of Organization: Delaware

• BNY Capital Resources Corp. – State of Incorporation: New York

• BNY ConvergEx Group LLC – State of Organization: Delaware

• BNY International Financing Corporation – Incorporation: United States

• BNY International Leasing LLC – State of Organization: Delaware

• BNY ITC Leasing LLC – State of Organization: Delaware

• BNY Lease Equities (Cap Funding) LLC – State of Organization: Delaware

• BNY Real Estate Holdings LLC – State of Organization: Delaware

• BNY Mellon ARX Investimentos Ltda. – Incorporation: Brazil

• BNY Mellon Asset Management (USA) LLC – State of Organization: Delaware

• BNY Mellon Asset Management International Limited – Incorporation: England

• BNY Mellon Asset Management Japan Limited – Incorporation: Japan

• BNY Mellon Asset Servicing GmbH – Incorporation: Germany

• BNY Mellon Capital Markets, LLC – State of Organization: Delaware

• BNY Mellon Capital Markets Holdings, Inc. – State of Incorporation: New York

• BNY Mellon (Cayman) Limited – Incorporation: Cayman Islands

• BNY Mellon Clearing, LLC – State of Organization: Delaware

• BNY Mellon Community Development Corporation – State of Incorporation: Delaware

• BNY Mellon Distributors Holdings Inc. – State of Incorporation: Delaware

• BNY Mellon Distributors Inc. – State of Incorporation: Massachusetts

• BNY Mellon Global Management Limited – Incorporation: Ireland

• BNY Mellon International Asset Management Group Limited – Incorporation: England

• BNY Mellon International Bank Limited – Incorporation: Ireland

• BNY Mellon International Operations (India) Private Limited – Incorporation: India

THE BANK OF NEW YORK MELLON CORPORATION

PRIMARY SUBSIDIARIES

DEC. 31, 2010

Continued

• BNY Mellon International Management Limited – Incorporation: Cayman Islands

• BNY Mellon Investment Servicing (International) Limited – Incorporation: Ireland

• BNY Mellon Investment Servicing (US) Inc. – State of Incorporation: Massachusetts

• BNY Mellon Managed Investments Inc. – State of Incorporation: Delaware

• BNY Mellon Performance & Risk Analytics, Inc. – State of Incorporation: Delaware

• BNY Mellon (Poland) sp. z o.o. – Incorporation: Poland

• BNY Mellon Securities LLC – State of Organization: Delaware

• BNY Mellon Servicos Financeiros Distribuidora de Titulos e Valores Mobiliarios S.A. – Incorporation: Brazil

• BNY Mellon Trust Company of Illinois – State of Incorporation: Illinois

• BNY Mellon Trust Company (Ireland) Limited – Incorporation: Ireland

• BNY Mellon Trust of Delaware – State of Incorporation: Delaware

• BNY Mellon, National Association – Incorporation: United States

• Boston Safe Deposit Finance Company, Inc. – State of Incorporation: Massachusetts

• Coates Analytics, LP – State of Organization: Pennsylvania

• Coates Holding LLC – State of Organization: Delaware

• Colson Services Corp. – State of Incorporation: Delaware

• ConvergEx Holdings, LLC – State of Organization: Delaware

• DPM Mellon LLC – State of Organization: Nevada

• Dreyfus Service Organization, Inc. – State of Incorporation: Delaware

• Dreyfus Transfer Inc. – State of Incorporation: Maryland

• EACM Advisors LLC – State of Organization: Delaware

• Eagle Investment Systems LLC – State of Organization: Delaware

• Fairholme Distributors, Inc. – State of Incorporation: Delaware

• GIS Holdings (International) Inc. – State of Incorporation: Delaware

• Global Investment Servicing (Luxembourg) S.a.r.l. – Incorporation: Luxembourg

• Hamilton Insurance Corp. (The) – State of Incorporation: New York

• HighMark Funds Distributors, Inc. – State of Incorporation: Delaware

• Insight Investment Funds Management Limited – Incorporation: England

• Insight Investment Management (Global) Limited – Incorporation: England

• Insight Investment Management Limited – Incorporation: England

• Investor Analytics LLC – State of Organization: New York

• Ivy Asset Management LLC – State of Organization: Delaware

• Lockwood Advisors, Inc. – State of Incorporation: Delaware

• MBC Investments Corporation – State of Incorporation: Delaware

• MBSC Securities Corporation – State of Incorporation: New York

• MELDEL Leasing Corporation #2 – State of Incorporation: Delaware

• Mellon Canada Holding Company – Incorporation: Canada

• Mellon Capital III – State of Incorporation: Delaware

• Mellon Capital IV – State of Incorporation: Delaware

• Mellon Capital Management Corporation – State of Incorporation: Delaware

• Mellon Financial Services Corporation #1 – State of Incorporation: Delaware

• Mellon Funding Corporation – State of Incorporation: Pennsylvania

• Mellon Hedge Advisors LLC – State of Organization: Delaware

• Mellon Holdings LLC – State of Organization: Delaware

• Mellon International Investment Corporation – Incorporation: United States

• Mellon Investor Services LLC – State of Organization: New Jersey

• Mellon Investor Services Holdings LLC – State of Organization: Delaware

• Mellon Life Insurance Company – State of Incorporation: Delaware

THE BANK OF NEW YORK MELLON CORPORATION

PRIMARY SUBSIDIARIES

DEC. 31, 2010

Continued

• Mellon Overseas Investment Corporation – Incorporation: United States

• Mellon Securities Investments LLC – State of Organization: Delaware

• Mellon Ventures III, LP – State of Organization: Delaware

• Mellon Ventures IV, LP – State of Organization: Delaware

• MFS Leasing Corp. – State of Incorporation: Delaware

• MGI Funds Distributors, Inc. – State of Incorporation: Delaware

• MIPA, LLC – State of Organization: Delaware

• Neptune LLC – State of Organization: Delaware

• Newton Fund Managers (C.I.) Limited – Incorporation: Jersey

• One Wall Street Corporation – State of Incorporation: New York

• Pershing Advisor Solutions LLC – State of Organization: Delaware

• Pershing Group LLC – State of Organization: Delaware

• Pershing Investment LLC – State of Organization: Delaware

• Pershing LLC – State of Organization: Delaware

• Pershing Securities Limited LLC – Incorporation: England

• PFPC Trust Company – State of Incorporation: Delaware

• Promontory Interfinancial Network, LLC – State of Organization: Delaware

• Riverside Pension Plan Limited – Incorporation: Ireland

• Standish Mellon Asset Management Company LLC – State of Organization: Delaware

• TBC Securities Co., Inc. – State of Incorporation: Massachusetts

• TBCAM, LLC – State of Organization: Delaware

• The Bank of New York Mellon – Organized: New York

• The Bank of New York Mellon (Luxembourg) S.A. – Incorporation: Luxembourg

• The Bank of New York Mellon (International) Limited – Incorporation: England

• The Bank of New York Mellon Trust Company, National Association – Incorporation: United States

• The Bank of New York Mellon SA/NV – Incorporation: Belgium

• The Boston Company Asset Management LLC – State of Organization: Massachusetts

• The Dreyfus Corporation – State of Incorporation: New York

• Urdang Capital Management, Inc. – State of Incorporation: Delaware

• Urdang Securities Management, Inc. – State of Incorporation: Pennsylvania

• Walter Scott & Partners Limited – Incorporation: Scotland