Preferred Stock (Tables)

3 Months Ended

Mar. 31, 2013

Preferred Shares [Abstract]

Preferred Stock Summary

BNY Mellon has 100 million authorized shares of preferred stock with a par value of $0.01. The tables below presents a summary of BNY Mellon’s preferred stock issued and outstanding at March 31, 2013 and Dec 31, 2012.

Preferred stock summary		Total shares issued and outstanding		Liquidation preference  per share (in dollars)		Carrying value(a)				Per annum dividend rate		Dividends paid per share for the three months ended (in dollars)
(dollars in millions, unless otherwise noted)
Series	Description	March 31, 2013	Dec 31, 2012			March 31, 2013		Dec 31, 2012				March 31, 2013		Dec 31, 2012
Series A	Noncumulative Perpetual Preferred Stock	5,001	5,001	$	100,000	$	500	$	500	Greater of (i) three- month LIBOR plus 0.565% for the related distribution period; or (ii) 4.000%		$	1,000.00	$	1,011.11
Series C	Noncumulative Perpetual Preferred Stock	5,825	5,825	$	100,000	$	568	$	568	5.2	%	$	1,300.00	$	1,314.44

(a) The carrying value of the Series C preferred stock is recorded net of issuance costs.