Securitizations and Variable Interest Entities (Tables)

12 Months Ended

Dec. 31, 2012

Incremental Assets and Liabilities of Variable Interest Entities Included in Consolidated Financial Statements

The following tables present the incremental assets and liabilities included in BNY Mellon’s consolidated financial statements, after applying intercompany eliminations, as of Dec. 31, 2012 and Dec. 31, 2011, based on the assessments performed in accordance with ASC 810 and ASU 2009-17. The net assets of any consolidated VIE are solely available to settle the liabilities of the VIE and to settle any investors’ ownership liquidation requests, including any seed capital invested in the VIE by BNY Mellon.

Investments consolidated under ASC 810 and ASU 2009-17 at Dec. 31, 2012
(in millions)	Investment Management funds		Securitizations		Total consolidated investments
Available-for-sale	$	-	$	499	$	499
Trading assets		10,961		-		10,961
Other assets		520		-		520
Total assets	$	11,481	$	499	$	11,980
Trading liabilities		10,152		-		10,152
Other liabilities		29		461		490
Total liabilities	$	10,181	$	461	$	10,642
Non-redeemable noncontrolling interests	$	833	$	-	$	833

Investments consolidated under ASC 810 and ASU 2009-17 at Dec. 31, 2011
(in millions)	Investment Management funds		Securitizations		Total consolidated investments
Available-for-sale	$	-	$	479	$	479
Trading assets		10,751		-		10,751
Other assets		596		-		596
Total assets	$	11,347	$	479	$	11,826
Trading liabilities		10,053		-		10,053
Other liabilities		32		443		475
Total liabilities	$	10,085	$	443	$	10,528
Non-redeemable noncontrolling interests	$	670	$	-	$	670

Variable Interest Entity, Not Primary Beneficiary

Schedule of Variable Interest Entities

As of Dec. 31, 2012 and Dec. 31, 2011, the following assets related to the VIEs, where BNY Mellon is not the primary beneficiary, are included in our consolidated financial statements.

Non-consolidated VIEs at Dec. 31, 2012					Maximum loss exposure
(in millions)	Assets		Liabilities
Other	$	100	$	-	$	100

Non-consolidated VIEs at Dec. 31, 2011					Maximum loss exposure
(in millions)	Assets		Liabilities
Trading	$	1	$	-	$	1
Other		41		-		41
Total	$	42	$	-	$	42

Credit Supported | Variable Interest Entity, Primary Beneficiary

Schedule of Variable Interest Entities

At Dec. 31, 2012, BNY Mellon had no remaining consolidated credit supported VIEs. At Dec. 31, 2011, BNY Mellon’s financial statements included certain funds created solely with securities subject to credit support agreements where we agreed to absorb the majority of loss.

Consolidated credit supported VIEs at Dec. 31, 2011					Maximum loss exposure
(in millions)	Assets		Liabilities
Available-for-sale	$	14	$	-	$	14
Other		-		22		10
Total	$	14	$	22	$	24