In this Quarterly Report on Form 10-Q, references to “our,” “we,” “us,” “BNY Mellon,” the “Company” and similar terms refer to The Bank of New York Mellon Corporation and its consolidated subsidiaries. The term “Parent” refers to The Bank of New York Mellon Corporation but not to its subsidiaries.

The accounting and financial reporting policies of BNY Mellon, a global financial services company, conform to U.S. generally accepted accounting principles (“GAAP”) and prevailing industry practices. For information on our significant accounting and reporting policies, see Note 1 in our 2020 Annual Report.

The accompanying consolidated financial statements are unaudited. In the opinion of management, all adjustments necessary, consisting of normal recurring adjustments, for a fair presentation of financial position, results of operations and cash flows for the periods presented have been made. These financial statements should be read in conjunction with our 2020 Annual Report.

In order to combine items of a similar nature within total revenue and to simplify our income statement presentation, in the first quarter of 2021, we made the following reporting changes. The reclassifications had no impact on consolidated total revenue or total revenue for the business segments. Prior periods were reclassified to be comparable with the current period presentation.

•Other trading revenue was reclassified from foreign exchange and other trading revenue to investment and other income.

•The impact of foreign currency remeasurement was reclassified from investment and other income to foreign exchange revenue.

•Income (loss) from consolidated investment management funds was reclassified to investment and other income.

•Investment and other income was reclassified from fee revenue to other revenue. Other revenue includes investment and other income and net securities gains (losses).

In addition, the assets and liabilities of consolidated investment management funds were reclassified to other assets and other liabilities, respectively, on the consolidated balance sheet. The reclassifications had no impact on total assets or total liabilities. Prior periods were reclassified to be comparable with the current period presentation.

The table below summarizes the effects of the reclassifications on the consolidated income statement.


Consolidated income statement reclassifications	Quarter ended		Year-to-date
	Sept. 30, 2020		Sept. 30, 2020
(in millions)

Before reclassifications
Foreign exchange and other trading revenue	$	137	$	622
Total fee revenue	$	3,108	$	9,598
Investment and other income	$	46	$	162
Income from consolidated investment management funds	$	27	$	43

After reclassifications
Foreign exchange revenue	$	149	$	587
Total fee revenue	$	3,074	$	9,401
Investment and other income	$	61	$	240


Business segment reclassifications	Year-to-date
	Sept. 30, 2020
(in millions)
Investment Services business
Before reclassifications
Foreign exchange and other trading revenue	$	585
Other revenue	$	391

After reclassifications
Foreign exchange revenue	$	518
Other revenue	$	458

Other segment
Before reclassifications
Fee revenue	$	61
Net securities gains	$	27

After reclassifications
Fee revenue	$	23
Other revenue	$	65

Certain additional immaterial reclassifications have been made to prior periods to place them on a basis comparable with the current period presentation.