Exhibit 99.2

MELLON FINANCIAL CORPORATION

Notes to Financial Trends

Notes:

On Dec. 3, 2006, Mellon Financial Corporation (“Mellon”) and The Bank of New York (“BNY”) entered into an Agreement and Plan of Merger, under which Mellon and BNY will each merge with and into a newly formed corporation called The Bank of New York Mellon Corporation.

As part of the planning process for the integration of Mellon and The Bank of New York after the closing of the proposed merger, during the first quarter of 2007:

We realigned our business sectors creating the new Issuer Services and Treasury Services sectors and eliminating the Payment Solutions & Investor Services (PS&IS) sector. The Issuer Services sector consists of Mellon Investor Services (stock transfer business), which was previously included in the PS&IS sector. The Treasury Services sector consists of Working Capital Solutions (global cash management) and Mellon Financial Markets (capital markets business), both previously included in the PS&IS sector, as well as Mellon Institutional Banking (large corporate banking), which was previously included in the Other sector. All prior periods have been reclassified for these changes. In addition, we renamed the Mellon Asset Management sector to Asset Management, and the Private Wealth Management sector, to Wealth Management. There were no changes to the Asset Servicing sector. These changes did not affect the operation of these lines of business.

In addition, several new line items have been created on the income statement and balance sheet as described on Page 2 of Mellon’s Quarterly Earnings Summary dated April 17, 2007. All prior periods have been reclassified.

Summations may not equal due to rounding. As a result of this rounding convention, there may exist immaterial differences between the sector trends data versus the sector trends data subsequently filed on Form 10-Q.

Discontinued Operations Accounting -

The income/(loss) and average assets from discontinued operations accounting have not been allocated to any sector.

Average Assets -

Where average deposits in a business sector are greater than average loans, average assets include an allocation of investment securities equal to the difference. Consolidated average assets include average assets of discontinued operations.

Return on Common Equity/Pretax Operating Margin -

Ratios are presented on a continuing operations basis. Quarterly return on common equity ratios are annualized.

Page 1

MELLON FINANCIAL CORPORATION

CONSOLIDATED RESULTS - 9 Quarter Trend

(dollar amounts in millions unless otherwise noted; presented on an FTE basis)	2005												2006												2007
	1st Qtr (a)			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr (b)			2nd Qtr			3rd Qtr			4th Qtr (c)			1st Qtr (d)
Revenue:
Asset and wealth management fees	$	399		$	415		$	437		$	445		$	464		$	486		$	516		$	599		$	609
Performance fees		27			26			41			77			58			48			56			196			35
Distribution and servicing		71			74			82			90			98			108			107			102			123
Securities servicing fees
Asset servicing		174			193			197			214			224			244			233			244			252
Issuer services		53			57			46			54			48			54			49			45			52
Total securities servicing fees		227			250			243			268			272			298			282			289			304
Global payment services		76			82			75			70			70			68			66			67			66
Other fee revenue		341			148			147			148			167			159			146			169			153
Total noninterest revenue		1,141			995			1,025			1,098			1,129			1,167			1,173			1,422			1,290
Net interest revenue		117			127			117			120			124			116			123			113			129
Total revenue		1,258			1,122			1,142			1,218			1,253			1,283			1,296			1,535			1,419
Credit quality expense		(2	)		3			12			4			1			(3	)		(1	)		5			3
Amortization of intangible assets		6			7			7			7			7			7			7			23			12
Other operating expenses		782			807			850			896			947			951			956			1,169			1,036
Total operating expenses		788			814			857			903			954			958			963			1,192			1,048
Income from continuing operations before income taxes (benefits)		472			305			273			311			298			328			334			338			368
Income taxes (benefits)		172			108			87			110			105			105			116			40			125
Income from continuing operations		300			197			186			201			193			223			218			298			243
Income from discontinued operations after-tax		(45	)		(72	)		8			7			14			9			4			(61	)		9
Net income (loss)	$	255		$	125		$	194		$	208		$	207		$	232		$	222		$	237		$	252
EPS from Continuing Operations	$	0.71		$	0.47		$	0.45		$	0.48		$	0.47		$	0.54		$	0.52		$	0.72		$	0.58
Average loans (e)	$	6,882		$	7,339		$	7,421		$	7,133		$	6,758		$	6,625		$	6,684		$	6,884		$	6,078
Average assets (f)	$	36,869		$	36,436		$	37,907		$	37,988		$	37,515		$	39,104		$	41,447		$	41,362		$	41,042
Average deposits	$	23,035		$	22,322		$	23,566		$	23,905		$	23,569		$	24,084		$	27,905		$	26,551		$	25,969
Average common equity	$	4,178		$	4,087		$	4,109		$	4,114		$	4,157		$	4,182		$	4,312		$	4,673		$	4,746
Average Tier I preferred equity	$	1,038		$	1,037		$	1,032		$	1,024		$	1,022		$	1,015		$	1,072		$	1,403		$	1,412
Market value of assets under management at period end (in billions)	$	729		$	738		$	766		$	781		$	808		$	870		$	918		$	995		$	1,034
Market value of assets under administration or custody at period end (in billions)	$	3,293		$	3,450		$	3,777		$	3,908		$	4,125		$	4,213		$	4,380		$	4,491		$	4,811
Return on common equity		29	%		19	%		18	%		19	%		19	%		21	%		20	%		25	%		21	%
Pretax operating margin		38	%		27	%		24	%		26	%		24	%		26	%		26	%		22	%		26	%
Pretax operating margin (excluding items in footnotes a to d)		27	%		27	%		24	%		26	%		25	%		26	%		26	%		26	%		27	%

(a) The first quarter of 2005 includes a pre-tax gain of $197 million from the sale of our remaining investment in Shinsei Bank, a $10 million pre-tax charge (included in other expense) for the early extinguishment of debt, and $5 million of additional expense ($2 million of occupancy expense and $3 million of other expenses) related to charges recorded in 2004 for the move to the new Mellon Financial Centre in London and the writedown of a small business.

(b) The first quarter of 2006 includes a $19 million pre-tax charge in connection with payments, awards and benefits payable to Mellon’s former chairman and chief executive officer, pursuant to his employment agreement.

(c) The fourth quarter of 2006 includes $26 million in severance, $16 million of impairment charges, $11 million in merger-related expenses and $6 million in additional occupancy reserves. In addition, the income from continuing operations includes $74 million of tax benefits primarily related to a reversal of deferred tax liabilities due to management’s decision to indefinitely reinvest earnings of certain foreign subsidiaries in accordance with APB opinion No. 23.

(d) The first quarter of 2007 includes $8 million of merger related expenses and a $12 million litigation reserve charge.

(e) Consolidated average loans include average loans of discontinued operations of $397 million, $749 million, $802 million and $779 million for the first, second, third and fourth quarters of 2005; $779 million, $753 million, $832 million and $784 million for the first, second, third and fourth quarters of 2006; $0 million for the first quarter of 2007.

(f) Consolidated average assets include average assets of discontinued operations of $1,586 million, $1,616 million, $1,456 million and $1,427 million for the first, second, third and fourth quarters of 2005; $1,408 million, $1,381 million, $1,408 million and $1,320 million for the first, second, third and fourth quarters of 2006; $658 million for the first quarter of 2007.

Page 2

MELLON FINANCIAL CORPORATION

CONTINUING OPERATIONS - 9 Quarter Trend

NONINTEREST REVENUE

(dollar amounts in millions unless otherwise noted)	2005												2006												2007
	1st Qtr (a)			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr
Asset and wealth management	$	399		$	415		$	437		$	445		$	464		$	486		$	516		$	599		$	609
Performance fees		27			26			41			77			58			48			56			196			35
Distribution and service		71			74			82			90			98			108			107			102			123
Securities servicing fees
Asset servicing		174			193			197			214			224			244			233			244			252
Issuer services		53			57			46			54			48			54			49			45			52
Total securities servicing fees		227			250			243			268			272			298			282			289			304
Global payment services		76			82			75			70			70			68			66			67			66
Foreign exchange and other trading activities		57			50			57			53			71			68			57			75			60
Asset/investment income		225			29			25			24			21			21			19			23			23
Financing-related fees		9			9			8			10			15			11			9			10			11
Securities gain		—			—			1			—			—			—			3			—			—
Other		40			47			48			51			51			50			49			52			49
Total noninterest revenue (non-FTE)	$	1,131		$	982		$	1,017		$	1,088		$	1,120		$	1,158		$	1,164		$	1,413		$	1,280
FTE impact		10			13			8			10			9			9			9			9			10
Total noninterest revenue (FTE)	$	1,141		$	995		$	1,025		$	1,098		$	1,129		$	1,167		$	1,173		$	1,422		$	1,290
Fee and other revenue as a percentage of fee and net interest revenue (FTE) (a)		91	%		89	%		90	%		90	%		90	%		91	%		91	%		93	%		91	%
Market value of assets under management at period end (in billions)	$	729		$	738		$	766		$	781		$	808		$	870		$	918		$	995		$	1,034
Market value of assets under administration or custody at period end (in billions)	$	3,293		$	3,450		$	3,777		$	3,908		$	4,125		$	4,213		$	4,380		$	4,491		$	4,811
S&P 500 Index - period end		1181			1191			1229			1248			1295			1270			1336			1418			1421
S&P 500 Index - daily average		1192			1182			1224			1231			1284			1281			1288			1389			1424

(a) The first quarter 2005 includes a gain from the sale of the Corporation’s investment in Shinsei Bank $197 million. Excluding this gain, fee and other revenue as a percentage of fee and net interest revenue (FTE) would have totaled 89%.

Page 3

MELLON FINANCIAL CORPORATION

CONTINUING OPERATIONS - 9 Quarter Trend

Average Balances (a)

	2005												2006												2007
(dollar amounts in millions)	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr
Average assets:
Investment Securities:
Fixed rate	$	6,231		$	6,001		$	5,772		$	5,704		$	5,557		$	5,444		$	5,319		$	5,196		$	5,105
Adjustable rate		2,490			2,791			3,053			3,355			3,645			3,584			3,360			3,161			2,979
Floating rate		4,207			4,847			6,315			7,040			7,595			8,366			9,164			9,421			9,738
Obligations of states and political subdivisions		749			794			819			829			814			771			749			722			705
Other (b)		21			24			22			5			6			7			17			18			19
Total investment securities	$	13,698		$	14,457		$	15,981		$	16,933		$	17,617		$	18,172		$	18,609		$	18,518		$	18,546
Trading account securities		308			294			309			283			309			439			456			480			504
Money Market Assets		4,234			3,293			2,700			2,812			2,317			2,897			4,903			3,774			4,160
Loans, net of unearned discount		6,483			6,589			6,618			6,354			5,979			5,872			5,852			6,101			6,085
Total interest-earning assets		24,723			24,633			25,608			26,382			26,222			27,380			29,820			28,873			29,295
Total non interest-earning assets (c)		12,192			11,876			12,371			11,775			11,465			11,984			11,851			12,599			11,846
Total Assets	$	36,915		$	36,509		$	37,979		$	38,157		$	37,687		$	39,364		$	41,671		$	41,472		$	41,141
Average liabilities and shareholders’ equity:
Deposits in domestic offices	$	9,653		$	9,298		$	9,760		$	10,087		$	9,748		$	9,673		$	13,328		$	13,157		$	11,919
Deposits in foreign offices		6,256			6,004			6,395			5,926			5,547			6,049			6,589			5,987			5,652
Total interest-bearing deposits		15,909			15,302			16,155			16,013			15,295			15,722			19,917			19,144			17,571
Federal funds purchased and securities under repurchase agreements		978			1,627			2,135			1,763			1,765			2,394			1,376			1,560			1,357
Other funds borrowed		421			442			411			438			468			590			144			297			212
Long term debt		5,511			5,293			4,836			4,692			4,633			4,584			4,669			5,042			5,053
Funding of disc ops		(1,428	)		(1,611	)		(1,418	)		(1,390	)		(1,374	)		(1,343	)		(1,373	)		(1,283	)		(98	)
Total interest-bearing liabilities		21,391			21,053			22,119			21,516			20,787			21,947			24,733			24,760			24,095
Total non interest-bearing deposits		7,094			7,012			7,411			7,892			8,274			8,362			7,988			7,407			8,397
Other liabilities (c)		4,223			4,310			4,294			4,525			4,357			4,704			4,492			4,560			3,838
Total liabilities		32,708			32,375			33,824			33,933			33,418			35,013			37,213			36,727			36,330
Shareholders’ equity		4,207			4,134			4,155			4,224			4,269			4,351			4,458			4,745			4,811
Total liabilities and shareholders’ equity	$	36,915		$	36,509		$	37,979		$	38,157		$	37,687		$	39,364		$	41,671		$	41,472		$	41,141

(a) Amounts and yields exclude adjustments for fair value and the related deferred tax effect required by SFAS No. 115. Prior periods calculated on a continuing operations basis even though the balance sheet, in accordance with GAAP, is not restated for discontinued operations.

(b) Balances include Preferred Stock, Loan Securitizations and other Investment Securities.

(c) Includes assets and liabilities of discontinued operations.

Page 4

MELLON FINANCIAL CORPORATION

CONTINUING OPERATIONS - 9 Quarter Trend

Interest Yields/Rates (a)

	2005								2006								2007
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		1st Qtr
Average Rates:
Investment Securities:
Fixed rate	4.34	%	4.34	%	4.31	%	4.30	%	4.39	%	4.41	%	4.37	%	4.37	%	4.44	%
Adjustable rate	3.57		3.71		3.81		3.93		4.21		4.27		4.31		4.45		4.61
Floating rate	3.17		3.64		4.03		4.52		5.02		5.36		5.67		5.67		5.78
Obligations of states and political subdivisions	7.13		6.97		6.80		6.69		6.88		6.70		6.59		6.52		6.78
Other (b)	NM		NM		NM		NM		NM		NM		NM		NM		NM
Total investment securities	4.03		4.12		4.24		4.47		4.78		4.94		5.10		5.14		5.29
Trading account securities	1.75		2.24		2.21		2.16		1.86		2.19		2.32		2.41		2.09
Money market assets	2.93		2.98		3.11		3.67		3.80		4.12		4.20		4.33		4.78
Loans, net of unearned discount	4.91		6.01		5.60		5.85		6.17		6.51		6.97		7.02		7.35
Total interest-earning assets	4.04	%	4.45	%	4.45	%	4.69	%	4.97	%	5.15	%	5.28	%	5.39	%	5.59	%
Deposits in domestic offices	1.64	%	1.98	%	2.39	%	2.79	%	3.18	%	3.61	%	4.06	%	3.96	%	4.17	%
Deposits in foreign offices	2.18		2.43		2.52		3.13		3.24		3.59		3.44		3.72		3.83
Total interest-bearing deposits	1.85		2.16		2.44		2.92		3.20		3.60		3.86		3.88		4.06
Federal funds purchased and securities under repurchase agreements	2.05		2.46		3.19		3.62		3.74		4.75		4.45		4.67		4.53
Other funds borrowed	1.97		3.00		3.34		3.96		4.34		4.80		5.23		5.02		5.17
Long term debt	4.28		4.53		5.01		5.47		5.90		6.21		6.53		6.42		6.59
Funding of disc ops (c)	NM		NM		NM		NM		NM		NM		NM		NM		NM
Total interest-bearing liabilities	2.47	%	2.77	%	3.07	%	3.54	%	3.85	%	4.29	%	4.40	%	4.47	%	4.63	%
Rates
Yield on total interest-earning assets	4.04	%	4.45	%	4.45	%	4.69	%	4.97	%	5.15	%	5.28	%	5.39	%	5.59	%
Cost of funds supporting interest-earning assets	2.11	%	2.37	%	2.65	%	2.88	%	3.05	%	3.45	%	3.65	%	3.84	%	3.81	%
Net interest Margin:
Taxable equivalent basis	1.93	%	2.08	%	1.80	%	1.81	%	1.92	%	1.70	%	1.63	%	1.55	%	1.78	%
Without taxable equivalent increments	1.85	%	2.01	%	1.73	%	1.74	%	1.85	%	1.64	%	1.58	%	1.50	%	1.72	%

(a) Amounts and yields exclude adjustments for fair value and the related deferred tax effect required by SFAS No. 115. Prior periods calculated on a continuing operations basis even though the balance sheet, in accordance with GAAP, is not restated for discontinued operations.

(b) Yields are not meaningful.

(c) Rates are not meaningful as the reduction in interest expense represents the cost of allocated funding of the assets of discontinued operations.

Page 5

MELLON FINANCIAL CORPORATION

CONTINUING OPERATIONS - 9 Quarter Trend

NONINTEREST EXPENSE

	2005								2006								2007
(dollar amounts in millions)	1st Qtr (b)		2nd Qtr		3rd Qtr		4th Qtr		1st Qtr (c)		2nd Qtr		3rd Qtr		4th Qtr (d)		1st Qtr (e)
Staff:
Compensation	$	243	$	248	$	254	$	260	$	268	$	270	$	279	$	309	$	282
Incentive (a)		105		114		124		133		170		145		160		248		181
Employee benefits		66		61		67		65		76		71		73		78		77
Total staff		414		423		445		458		514		486		512		635		540
Distribution and servicing		81		90		100		106		115		126		122		140		142
Professional, legal and other purchased services		91		100		104		114		104		114		121		134		120
Net occupancy		58		57		59		59		59		58		51		68		56
Furniture and equipment		26		30		27		31		25		24		26		31		28
Business development		20		24		23		28		25		28		25		36		28
Software expense		16		14		17		17		20		21		16		20		18
Sub-custodian expense		11		12		12		11		13		14		14		14		17
Communications		8		8		9		8		9		8		8		8		6
Amortization of intangible assets		6		7		7		7		7		7		7		23		12
Other		57		49		54		64		63		72		61		83		81
Total noninterest expense	$	788	$	814	$	857	$	903	$	954	$	958	$	963	$	1,192	$	1,048
Employees at period-end		15,700		16,000		16,700		16,500		16,600		16,700		16,700		16,800		17,100

(a) Effective Jan. 1, 2003, Mellon began recording an expense for the estimated fair value of stock options using the prospective method under transitional guidance provided in the Statement of Financial Accounting Standards (SFAS) No. 148, “Accounting for Stock-Based Compensation - Transition and Disclosure.” Stock option expense totaled $6 million, $6 million, $7 million and $6 million for each of the quarters of 2005. It totaled $11 million for the 1st quarter of 2006, including $3 million to Mellon’s former chairman and chief executive officer, pursuant to his employment agreement, $9 million for the 2nd quarter of 2006, $8 million for both the 3rd quarter and the 4th quarter of 2006. It totaled $7 million for the 1st quarter of 2007.

(b) The first quarter of 2005 includes a $10 million pre-tax charge (included in other expense) for the early extinguishment of debt and $5 million of additional expense ($2 million of occupancy expense and $3 million of other expenses) related to charges recorded in 2004 for the move to the new Mellon Financial Centre in London and the writedown of a small business.

(c) The first quarter of 2006 includes a $19 million pre-tax charge in connection with payments, awards and benefits payable to Mellon’s former chairman and chief executive officer, pursuant to his employment agreement.

(d) The fourth quarter of 2006 includes $26 million in severance, $16 million of impairment charges, $11 million in merger-related expenses and $6 million in additional occupancy reserves.

(e) The first quarter of 2007 includes $8 million of merger related expenses and a $12 million litigation reserve charge.

Page 6

MELLON FINANCIAL CORPORATION

ASSETS UNDER MANAGEMENT/ ADMINISTRATION OR CUSTODY- 9 Quarter Trend

	2005												2006												2007
(dollar amounts in billions unless otherwise noted)	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr
Market value of assets under management at period end
Institutional	$	463		$	469		$	490		$	501		$	527		$	585		$	607		$	667		$	697
Mutual Funds		203			205			212			216			214			219			244			251			258
Private Client		63			64			64			64			67			66			67			77			79
Total market value of assets under management		729			738			766			781			808			870			918			995			1,034
Composition of assets under management at period end
Equity		37	%		37	%		37	%		37	%		37	%		35	%		35	%		41	%		40	%
Fixed Income		20	%		19	%		18	%		18	%		19	%		21	%		20	%		19	%		19	%
Money Market		19	%		20	%		20	%		20	%		19	%		20	%		21	%		19	%		19	%
Securities lending cash collateral		15	%		16	%		16	%		15	%		15	%		13	%		14	%		13	%		14	%
Overlay and alternative investments		9	%		8	%		9	%		10	%		10	%		11	%		10	%		8	%		8	%
Total		100	%		100	%		100	%		100	%		100	%		100	%		100	%		100	%		100	%
Managed mutual funds fee revenue (millions)
Equity Funds	$	85		$	87		$	93		$	93		$	93		$	96		$	96		$	113		$	118
Money Market Funds		49			54			58			58			58			59			63			65			63
Fixed Income Funds		30			31			30			31			29			29			30			31			31
Nonproprietary		15			16			19			19			14			17			15			20			20
Total managed mutual funds fee revenue		179			188			200			201			194			201			204			229			232
Average assets of proprietary mutual funds
Equity Funds	$	54		$	54		$	57		$	57		$	59		$	60		$	60		$	65		$	68
Money Market Funds		85			90			96			100			99			101			110			120			110
Fixed Income Funds		22			22			21			21			21			21			21			21			21
Total average assets of proprietary mutual funds		161			166			174			178			179			182			191			206			199
Market value of assets under administration or custody at period end (a)	$	3,293		$	3,450		$	3,777		$	3,908		$	4,125		$	4,213		$	4,380		$	4,491		$	4,811
Total Assets
Managed	$	729		$	738		$	766		$	781		$	808		$	870		$	918		$	995		$	1,034
Administration/Custody (a)		3,293			3,450			3,777			3,908			4,125			4,213			4,380			4,491			4,811
Total	$	4,022		$	4,188		$	4,543		$	4,689		$	4,933		$	5,083		$	5,298		$	5,486		$	5,845

(a) Excludes assets of $310 billion at June 30, 2005, $328 billion at Sept. 30, 2005, $333 billion at Dec. 31, 2005, $359 billion at March 31, 2006, $364 billion at June 30, 2006, $376 billion at Sept. 30, 2006, $393 billion at Dec. 31, 2006 and $398 billion at Mar. 31, 2007 that we manage and are also under administration or custody. These assets are included in assets under management.

Page 7

MELLON FINANCIAL CORPORATION

ASSETS UNDER MANAGEMENT NET FLOWS - 9 Quarter Trend

	2005											2006										2007
(dollar amounts in billions )	1st Qtr			2nd Qtr			3rd Qtr		4th Qtr			1st Qtr			2nd Qtr			3rd Qtr		4th Qtr		1st Qtr
Market value of assets under management at beginning of period	$	707		$	729		$	738	$	766		$	781		$	808		$	870	$	918	$	995
Net Flows
Long-term		5			(1	)		9		7			11			11			6		10		(3	)
Money market		6			—			4		4			(3	)		10			19		3		6
Securities lending		21			9			2		(3	)		1			(4	)		7		1		24
Total net inflows		32			8			15		8			9			17			32		14		27
Net Market appreciation		(10	)		1			13		6			18			(2	)		16		36		12
Acquisitions/divestitures		—			—			—		1			—			47			—		27		—
Market value of assets under management at end of period	$	729		$	738		$	766	$	781		$	808		$	870		$	918	$	995	$	1,034

Page 8

MELLON FINANCIAL CORPORATION

BUSINESS SECTORS

ASSET MANAGEMENT - 9 Quarter Trend

	2005												2006												2007
(dollar amounts in millions unless otherwise noted; presented on an FTE basis)	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr (a)			1st Qtr
Revenue:
Asset and wealth management
Mutual funds		179			187			200			201			194			201			204			228			232
Institutional clients		119			127			132			134			156			167			194			244			249
Private clients		20			21			22			23			24			26			25			28			29
Total asset and wealth management		318			335			354			358			374			394			423			500			510
Performance fees		27			26			41			77			58			48			56			196			35
Distribution and service		71			74			82			90			98			108			107			102			123
Securities servicing fees		15			17			15			15			17			16			16			19			18
Other fee revenue		5			—			4			—			11			(1	)		9			21			8
Total noninterest revenue		436			452			496			540			558			565			611			838			694
Net interest revenue (expense)		(4	)		(6	)		(6	)		(4	)		(4	)		(10	)		(10	)		(18	)		(9	)
Total revenue		432			446			490			536			554			555			601			820			685
Amortization of intangible assets		3			4			3			3			3			3			3			8			9
Other operating expenses		321			335			357			372			392			396			412			537			468
Total operating expenses		324			339			360			375			395			399			415			545			477
Income from continuing operations before taxes (benefits)		108			107			130			161			159			156			186			275			208
Income taxes (benefits)		39			38			42			57			52			50			60			90			67
Net income (loss)	$	69		$	69		$	88		$	104		$	107		$	106		$	126		$	185		$	141
Average loans	$	—		$	—		$	—		$	—		$	4		$	—		$	—		$	—		$	—
Average assets	$	1,976		$	1,987		$	1,994		$	1,958		$	1,990		$	2,362		$	2,518		$	3,096		$	3,285
Average deposits	$	19		$	8		$	10		$	14		$	13		$	8		$	27		$	21		$	46
Average common equity	$	966		$	966		$	966		$	966		$	997		$	997		$	997		$	997		$	1,449
Average Tier I preferred equity	$	476		$	476		$	476		$	476		$	399		$	399		$	399		$	399		$	528
Market value of assets under management at period end (in billions) (b),(c),(d)	$	587		$	587		$	612		$	629		$	653		$	711		$	751		$	824		$	840
Market value of assets under administration or custody at period end (in billions)	$	9		$	8		$	3		$	3		$	3		$	3		$	3		$	3		$	4
Return on common equity		29	%		29	%		37	%		43	%		44	%		42	%		50	%		74	%		39	%
Pretax operating margin (GAAP)		25	%		24	%		27	%		30	%		29	%		28	%		31	%		34	%		30	%
Adjusted pretax operating margin (e)		31	%		30	%		33	%		38	%		36	%		36	%		39	%		40	%		38	%
Employees at period-end		2,600			2,600			2,600			2,600			2,600			2,600			2,600			2,700			2,800

(a) Includes $6 million of severance expense as well as $5 million of impairment related to the sale of HBV Alternative Investment Strategies.

(b) Includes amounts subadvised for/by other sectors.

(c) Includes assets of $47 billion at June 30, 2006, $46 billion at Sept. 30, 2006, $47 billion at Dec. 31, 2006 and $49 billion March 31, 2007 managed by WestLB Mellon Asset Management (a 50:50 joint venture).

(d) Reflects the June 30, 2006 transfer of $8 billion of securities lending cash collateral to the Asset Servicing Sector.

(e) Pretax margin adjusted for Distribution and servicing expense netted against revenue.

Note: In the fourth quarter of 2006, our asset administration business in Brazil was moved to this sector from Business Exits in the Other sector. All periods have been restated.

Page 9

MELLON FINANCIAL CORPORATION

BUSINESS SECTORS

WEALTH MANAGEMENT - 9 Quarter Trend

	2005												2006												2007
(dollar amounts in millions unless otherwise noted; presented on an FTE basis)	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr (a)			1st Qtr
Revenue:
Asset and wealth management		81			80			83			87			90			92			93			99			99
Securities servicing fees - Asset servicing		3			2			3			2			3			2			3			2			3
Other fee revenue		5			5			5			6			5			6			4			5			4
Total noninterest revenue		89			87			91			95			98			100			100			106			106
Net interest revenue (expense)		80			79			77			76			74			77			77			77			75
Total revenue		169			166			168			171			172			177			177			183			181
Credit quality expense		—			—			—			—			—			—			—			—			—
Amortization of intangible assets		1			1			1			1			1			1			1			1			1
Other operating expenses		90			91			95			99			102			104			105			111			109
Total operating expenses		91			92			96			100			103			105			106			112			110
Income from continuing operations before taxes (benefits)		78			74			72			71			69			72			71			71			71
Income taxes (benefits)		28			26			23			26			22			24			23			23			23
Net income (loss)	$	50		$	48		$	49		$	45		$	47		$	48		$	48		$	48		$	48
Average loans	$	4,506		$	4,623		$	4,651		$	4,563		$	4,615		$	4,688		$	4,669		$	4,762		$	4,834
Average assets	$	9,431		$	9,462		$	10,062		$	10,860		$	10,279		$	10,395		$	10,544		$	10,760		$	11,008
Average deposits	$	8,295		$	8,286		$	8,846		$	9,474		$	8,824		$	8,865		$	8,827		$	8,936		$	9,219
Average common equity	$	571		$	571		$	571		$	571		$	553		$	553		$	553		$	553		$	566
Average Tier I preferred equity	$	215		$	215		$	215		$	215		$	184		$	184		$	184		$	184		$	169
Market value of total client assets at period end (in billions) (b)	$	77		$	78		$	82		$	86		$	89		$	87		$	90		$	95		$	99
Return on common equity		35	%		34	%		34	%		32	%		34	%		35	%		34	%		35	%		34	%
Pretax operating margin		46	%		45	%		43	%		41	%		40	%		41	%		40	%		39	%		39	%
Employees at period-end		1,900			1,900			1,900			1,900			1,900			2,000			2,000			2,000			2,000

(a) Includes $1 million of severance expense.

(b) Includes assets under management, before amounts subadvised by/for other sectors, of $49 billion, $50 billion, $51 billion and $53 billion in the first, second, third and fourth quarters of 2005, $55 billion, $54 billion, $55 billion and $59 billion in the first, second, third and fourth quarters of 2006; and $60 billion in the first quarter of 2007.

Page 10

MELLON FINANCIAL CORPORATION

BUSINESS SECTORS

ASSET SERVICING - 9 Quarter Trend

(dollar amounts in millions unless otherwise noted; presented on an FTE basis)	2005												2006												2007
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr(a)			1st Qtr
Revenue:
Securities servicing fees - Asset servicing		156			174			179			197			204			226			214			223			231
Foreign Exchange and other trading activities		55			49			56			50			62			75			56			63			55
Other fee revenue		13			18			14			22			21			20			21			25			23
Total noninterest revenue		224			241			249			269			287			321			291			311			309
Net interest revenue (expense)		19			21			22			20			26			27			29			24			32
Total revenue		243			262			271			289			313			348			320			335			341
Amortization of intangible assets		2			2			2			3			3			3			2			14			2
Other operating expenses		186			198			215			235			242			258			255			278			262
Total operating expenses		188			200			217			238			245			261			257			292			264
Income from continuing operations before taxes (benefits)		55			62			54			51			68			87			63			43			77
Income taxes (benefits)		20			22			17			18			22			28			21			14			25
Net income (loss)	$	35		$	40		$	37		$	33		$	46		$	59		$	42		$	29		$	52
Average loans	$	(25	)	$	1		$	(1	)	$	(20	)	$	(1	)	$	(30	)	$	(1	)	$	—		$	11
Average assets	$	8,211		$	8,117		$	9,048		$	8,484		$	8,376		$	9,248		$	10,159		$	10,523		$	9,641
Average deposits	$	7,010		$	6,859		$	7,753		$	7,077		$	7,111		$	7,570		$	8,737		$	8,975		$	8,536
Average common equity	$	482		$	482		$	482		$	482		$	551		$	551		$	551		$	551		$	593
Average Tier I preferred equity	$	125		$	125		$	125		$	125		$	132		$	132		$	132		$	132		$	114
Market value of assets under management at period end (in billions) (b),(c)	$	95		$	104		$	106		$	103		$	104		$	108		$	115		$	116		$	140
Market value of assets under administration or custody at period end (in billions) (d)	$	3,259		$	3,416		$	3,746		$	3,874		$	4,091		$	4,180		$	4,344		$	4,453		$	4,769
Return on common equity		30	%		33	%		30	%		27	%		34	%		42	%		31	%		21	%		36	%
Pretax operating margin		23	%		24	%		20	%		18	%		22	%		25	%		20	%		13	%		23	%
MEMO:
Securities lending revenue	$	24		$	33		$	25		$	26		$	30		$	38		$	26		$	26		$	29
Total joint venture revenue (e)	$	93		$	101		$	102		$	107		$	119		$	149		$	140		$	143		$	153
Securities on Loan (in billions) (f)	$	150		$	160		$	165		$	161		$	178		$	187		$	206		$	214		$	272
Employees at period-end		3,700			3,800			4,500			4,500			4,500			4,500			4,600			4,600			4,700

(a) Includes $11 million of impairment charges and $6 million of severance expense.

(b) Represents the investment of securities lending cash collateral managed by the Asset Servicing Sector.

(c) Reflects the June 30, 2006 transfer of $8 billion securities lending cash collateral from Asset Management Sector.

(d) Excludes assets of $310 billion at June 30, 2005, $328 billion at Sept. 30, 2005, $333 billion at Dec. 31, 2005, $359 billion at Mar. 31, 2006, $364 billion at June 30, 2006, $376 billion at Sept. 30, 2006, $393 billion at Dec. 31, 2006 and $398 billion Mar. 31, 2007 that we manage and are also under administration or custody. These assets are included in the Corporation’s assets under management.

(e) Restated to reflect the acquisition of the remaining 50% interest of Russell Mellon, previously a joint venture.

(f) Represents the total dollar amount of securities on loan, both cash and non-cash, at period end by the Corporation.

Page 11

MELLON FINANCIAL CORPORATION

BUSINESS SECTORS

ISSUER SERVICES - 9 Quarter Trend

(dollar amounts in millions unless otherwise noted; presented on an FTE basis)	2005												2006												2007
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr(a)			1st Qtr
Revenue:
Securities servicing fees - Issuer Services		53			57			46			54			48			54			49			45			52
Other fee revenue		5			—			1			1			1			2			1			2			2
Total noninterest revenue		58			57			47			55			49			56			50			47			54
Net interest revenue (expense)		9			9			10			14			18			20			19			22			24
Total revenue		67			66			57			69			67			76			69			69			78
Amortization of intangible assets		—			—			—			—			—			—			—			—			—
Other operating expenses		60			58			52			60			57			62			56			63			62
Total operating expenses		60			58			52			60			57			62			56			63			62
Income from continuing operations before taxes (benefits)		7			8			5			9			10			14			13			6			16
Income taxes (benefits)		2			3			2			3			3			5			4			2			5
Net income (loss)	$	5		$	5		$	3		$	6		$	7		$	9		$	9		$	4		$	11
Average loans	$	—		$	—		$	—		$	—		$	—		$	1		$	—		$	—		$	2
Average assets	$	1,174		$	1,112		$	1,272		$	1,608		$	1,884		$	1,906		$	1,738		$	1,974		$	2,148
Average deposits	$	921		$	866		$	1,017		$	1,356		$	1,639		$	1,665		$	1,497		$	1,726		$	1,897
Average common equity	$	145		$	145		$	145		$	145		$	149		$	149		$	149		$	149		$	155
Average Tier I preferred equity	$	63		$	63		$	63		$	63		$	53		$	53		$	53		$	53		$	48
Market value of assets under management at period end (in billions)	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Market value of assets under administration or custody at period end (in billions)	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Return on common equity		12	%		15	%		8	%		16	%		18	%		26	%		23	%		11	%		28	%
Pretax operating margin		10	%		12	%		8	%		13	%		15	%		19	%		19	%		9	%		20	%
Employees at period-end		800			800			800			800			800			800			800			800			800

(a) Includes $4 million of severance expense.

Page 12

MELLON FINANCIAL CORPORATION

BUSINESS SECTORS

TREASURY SERVICES - 9 Quarter Trend

(dollar amounts in millions unless otherwise noted; presented on an FTE basis)	2005												2006												2007
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr
Revenue:
Global payment services		65			70			64			62			64			62			61			62			63
Other fee revenue		9			8			7			10			8			9			9			10			12
Total noninterest revenue		74			78			71			72			72			71			70			72			75
Net interest revenue (expense)		34			32			30			32			30			31			29			30			32
Total revenue		108			110			101			104			102			102			99			102			107
Amortization of intangible assets		—			—			1			—			—			—			1						—
Other operating expenses		73			74			73			74			73			73			74			78			79
Total operating expenses		73			74			74			74			73			73			75			78			79
Income from continuing operations before taxes (benefits)		35			36			27			30			29			29			24			24			28
Income taxes (benefits)		13			13			8			11			9			10			8			8			9
Net income (loss)	$	22		$	23		$	19		$	19		$	20		$	19		$	16		$	16		$	19
Average loans	$	529		$	575		$	634		$	543		$	520		$	593		$	615		$	772		$	688
Average assets	$	6,582		$	6,258		$	5,915		$	5,782		$	5,667		$	5,462		$	5,355		$	5,628		$	5,952
Average deposits	$	5,830		$	5,540		$	5,194		$	5,184		$	5,099		$	4,851		$	4,714		$	5,036		$	5,353
Average common equity	$	353		$	353		$	353		$	353		$	342		$	342		$	342		$	342		$	350
Average Tier I preferred equity	$	12		$	12		$	12		$	12		$	11		$	11		$	11		$	11		$	13
Market value of assets under management at period end (in billions)	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Market value of assets under administration or custody at period end (in billions)	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Return on common equity		26	%		26	%		21	%		22	%		23	%		23	%		19	%		18	%		22	%
Pretax operating margin		33	%		32	%		27	%		29	%		28	%		29	%		24	%		23	%		27	%
Employees at period-end		2,700			2,700			2,700			2,700			2,600			2,600			2,600			2,600			2,600

Page 13

MELLON FINANCIAL CORPORATION

BUSINESS SECTORS

OTHER - 9 Quarter Trend

(dollar amounts in millions unless otherwise noted; presented on an FTE basis)	2005												2006												2007
	1st Qtr (a)			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr (b)			2nd Qtr			3rd Qtr			4th Qtr (c)			1st Qtr(d)
Revenue:
Global payment services		11			12			11			8			6			6			5			5			3
Other fee revenue		249			68			60			59			59			48			46			43			49
Total noninterest revenue		260			80			71			67			65			54			51			48			52
Net interest revenue (expense)		(21	)		(8	)		(16	)		(18	)		(20	)		(29	)		(21	)		(22	)		(25	)
Total revenue		239			72			55			49			45			25			30			26			27
Credit quality expense		(2	)		3			12			4			1			(3	)		(1	)		5			3
Amortization of intangible assets		—			—			—			—			—			—			—			—			—
Other operating expenses		52			51			58			56			81			58			54			102			56
Total operating expenses		52			51			58			56			81			58			54			102			56
Income from continuing operations before taxes (benefits)		189			18			(15	)		(11	)		(37	)		(30	)		(23	)		(81	)		(32	)
Income taxes (benefits)		70			6			(5	)		(5	)		(3	)		(12	)		—			(97	)		(4	)
Net income (loss)	$	119		$	12		$	(10	)	$	(6	)	$	(34	)	$	(18	)	$	(23	)	$	16		$	(28	)
Average loans	$	1,475		$	1,391		$	1,335		$	1,268		$	841		$	620		$	569		$	566		$	543
Average assets	$	7,909		$	7,884		$	8,160		$	7,869		$	7,911		$	8,350		$	9,725		$	8,061		$	8,350
Average deposits	$	960		$	763		$	746		$	800		$	883		$	1,125		$	4,103		$	1,857		$	918
Average common equity	$	1,661		$	1,570		$	1,592		$	1,597		$	1,565		$	1,590		$	1,720		$	2,081		$	1,633
Average Tier I preferred equity	$	147		$	146		$	141		$	133		$	243		$	236		$	293		$	624		$	540
Market value of assets under management at period end (in billions)	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Market value of assets under administration or custody at period end (in billions)	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Return on common equity		n/m			n/m			n/m			n/m			n/m			n/m			n/m			n/m			n/m
Pretax operating margin		n/m			n/m			n/m			n/m			n/m			n/m			n/m			n/m			n/m
Employees at period-end (e)		4,000			4,200			4,200			4,000			4,200			4,200			4,100			4,100			4,200

(a) The first quarter of 2005 includes a pre-tax gain of $197 million from the sale of our remaining investment in Shinsei Bank, a $10 million pre-tax charge (included in other expense) for the early extinguishment of debt and $5 million of additional expense ($2 million of occupancy expense and $3 million of other expenses) related to charges recorded in 2004 for the move to the new Mellon Financial Centre in London and the writedown of a small business.

(b) The first quarter of 2006 includes a $19 million pre-tax charge in connection with payments, awards and benefits payable to Mellon’s former chairman and chief executive officer, pursuant to his employment agreement.

(c) Includes $7 million in severance, $11 million in merger-related expenses and $6 million in occupancy expenses as well as $74 million of tax benefits primarily related to a reversal of deferred tax liabilities due to management’s decision to indefinitely reinvest earnings of certain foreign subsidiaries in accordance with APB opinion No. 23.

(d) Includes $8 million in merger-related expenses and a $12 million litigation reserve charge.

(e) Primarily relates to employees in Technology, Finance and Human Resources supporting the business sectors; the cost of these employees are fully allocated to the business sectors.

n/m - not meaningful

Page 14

MELLON FINANCIAL CORPORATION

BUSINESS SECTORS

(dollar amounts in millions unless otherwise noted; presented on an FTE basis)	Asset Management									Wealth Management									Asset Servicing
	2006			2005			2004			2006			2005			2004			2006			2005			2004
Revenue:
Asset and wealth management		1,691			1,365			1,191			374			331			300			—			—			—
Performance fees		358			171			127			—			—			—			—			—			—
Distribution and service fees		415			317			269			—			—			—			—			—			—
Securities servicing fees
Asset servicing		68			62			62			10			10			9			865			706			554
Issuer services		—			—			—			—			—			—			—			—			—
Total securities servicing fees		68			62			62			10			10			9			865			706			554
Global payment services		—			—			—			—			—			—			—			—			—
Other fee revenue		40			9			10			20			21			22			345			277			252
Total noninterest revenue		2,572			1,924			1,659			404			362			331			1,210			983			806
Net interest revenue (expense)		(42	)		(20	)		(22	)		305			312			302			106			82			69
Total revenue		2,530			1,904			1,637			709			674			633			1,316			1,065			875
Credit quality expense		—			—			—			—			—			1			—			—			—
Amortization of intangible assets		17			13			9			4			4			5			22			9			5
Other operating expenses		1,737			1,385			1,213			422			375			350			1,033			834			691
Total operating expenses		1,754			1,398			1,222			426			379			355			1,055			843			696
Income from continuing operations before taxes (benefits)		776			506			415			283			295			277			261			222			179
Income taxes (benefits)		252			176			142			92			103			94			85			77			62
Income from continuing operations		524			330			273			191			192			183			176			145			117
Income from discontinued operations after-tax		—			—			—			—			—			—			—			—			—
Net income (loss)	$	524		$	330		$	273		$	191		$	192		$	183		$	176		$	145		$	117
Average loans	$	1		$	—		$	5		$	4,684		$	4,586		$	4,339		$	(8	)	$	(11	)	$	45
Average assets	$	2,494		$	1,979		$	2,017		$	10,496		$	9,958		$	8,898		$	9,584		$	8,467		$	7,244
Average deposits	$	17		$	13		$	13		$	8,864		$	8,729		$	7,624		$	8,105		$	7,176		$	5,785
Average common equity	$	997		$	966		$	805		$	553		$	571		$	691		$	551		$	482		$	599
Average Tier I preferred equity	$	399		$	476		$	453		$	184		$	215		$	217		$	132		$	125		$	133
Market value of assets under management at period end (in billions)	$	824		$	629		$	585		$	55		$	49		$	48		$	116		$	103		$	74
Market value of assets under administration or custody at period end (in billions)	$	3		$	3		$	8		$	35		$	31		$	26		$	4,453		$	3,874		$	3,199
Return on common equity		53	%		34	%		34	%		34	%		34	%		26	%		32	%		30	%		20	%
Pretax operating margin		31	%		27	%		25	%		40	%		44	%		44	%		20	%		21	%		20	%
Employees at period-end		2,700			2,600			2,600			2,000			1,900			1,800			4,600			4,500			3,500
MEMO:
Securities lending revenue																				120			108			76

Note: See pages 9-14 for revenue/expense items impacting respective sector results.

Page 15

MELLON FINANCIAL CORPORATION

BUSINESS SECTORS

(dollar amounts in millions unless otherwise noted; presented on an FTE basis)	Issuer Services									Treasury Services									Other									Consolidated Results
	2006			2005			2004			2006			2005			2004			2006			2005			2004			2006			2005			2004
Revenue:
Asset and wealth management		—			—			—			—			—			—			—			—			—			2,065			1,696			1,491
Performance fees		—			—			—			—			—			—			—			—			—			358			171			127
Distribution and service		—			—			—			—			—			—			—			—			—			415			317			269
Securities servicing fees																				—			—
Asset servicing		—			—			—			2			—			3			—			—			—			945			778			628
Issuer services		196			210			255			—			—			—			—			—			—			196			210			255
Total securities servicing fees		196			210			255			2			—			3			—			—			—			1,141			988			883
Global payment services		—			—			—			249			261			260			22			42			38			271			303			298
Other fee revenue		6			7			2			34			34			30			196			436			323			641			784			639
Total noninterest revenue (a)		202			217			257			285			295			293			218			478			361			4,891			4,259			3,707
Net interest revenue (expense) (b)		79			42			27			120			128			146			(92	)		(63	)		(55	)		476			481			467
Total revenue (c)		281			259			284			405			423			439			126			415			306			5,367			4,740			4,174
Credit quality expense		—			—			—			—			—			—			2			17			(15	)		2			17			(14	)
Amortization of intangible assets		—			—			—			1			1			—			—			—			—			44			27			19
Other operating expenses		238			230			230			298			294			281			295			217			216			4,023			3,335			2,981
Total operating expenses		238			230			230			299			295			281			295			217			216			4,067			3,362			3,000
Income from continuing operations before taxes (benefits)		43			29			54			106			128			158			(171	)		181			105			1,298			1,361			1,188
Income taxes (benefits) (c)		14			10			18			35			45			54			(112	)		66			37			366			477			407
Income (loss) from continuing operations before cumulative effect of accounting change		29			19			36			71			83			104			(59	)		115			68			932			884			781
Income from discontinued operations after-tax		—			—			—			—			—			—			—			—			—			(34	)		(102	)		15
Net income (loss)	$	29		$	19		$	36		$	71		$	83		$	104		$	(59	)	$	115		$	68		$	898		$	782		$	796
Average loans (d)	$	—		$	—		$	—		$	626		$	571		$	620		$	648		$	1,365		$	1,702		$	6,738		$	7,194		$	7,307
Average assets (e)	$	1,875		$	1,293		$	1,053		$	5,527		$	6,131		$	6,453		$	8,517		$	7,955		$	6,508		$	39,872		$	37,304		$	34,003
Average deposits	$	1,632		$	1,041		$	788		$	4,924		$	5,435		$	5,488		$	2,000		$	816		$	652		$	25,542		$	23,210		$	20,350
Average common equity	$	149		$	145		$	133		$	342		$	353		$	611		$	1,740		$	1,604		$	993		$	4,332		$	4,121		$	3,832
Average Tier I preferred equity	$	53		$	63		$	62		$	11		$	12		$	2		$	350		$	142		$	157		$	1,129		$	1,033		$	1,024
Market value of assets under management at period end (in billions)	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	995		$	781		$	707
Market value of assets under administration or custody at period end (in billions)	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	4,491		$	3,908		$	3,233
Return on common equity		20	%		13	%		27	%		21	%		24	%		17	%		n/m			n/m			n/m			22	%		21	%		20	%
Pretax operating margin		15	%		11	%		19	%		26	%		30	%		36	%		n/m			n/m			n/m			24	%		29	%		28	%
Pretax operating margin (f)																													26	%		28	%		27	%
Employees at period-end		800			800			800			2,600			2,700			2,700			4,100			4,000			4,100			16,800			16,500			15,500

(a) Consolidated results include FTE impact of $36 million, $41 million and $42 million for 2006, 2005 and 2004, respectively.

(b) Consolidated results include FTE impact of $16 million, $18 million and $17 million for 2006, 2005 and 2004, respectively.

(c) Consolidated results include FTE impact of $52 million, $59 million and $59 million for 2006, 2005 and 2004, respectively.

(d) Consolidated average loans include average loans from discontinued operations of $787 million, $683 million and $596 million for 2006, 2005 and 2004, respectively.

(e) Consolidated average assets include average assets of discontinued operations of $1,379 million, $1,521 million and $1,830 million for 2006, 2005 and 2004, respectively.

(f) Excludes footnote items listed on Consolidated Results—9 Quarter Trend page.

Note: See pages 9-14 for revenue/expense items impacting respective sector results.

n/m - not meaningful

Page 16

MELLON FINANCIAL CORPORATION

CONTINUING OPERATIONS - 9 Quarter Trend

NONPERFORMING ASSETS

	2005												2006												2007
(dollar amounts in millions)	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr
Nonperforming loans:
Commercial and financial	$	9		$	7		$	7		$	1		$	1		$	—		$	1		$	—		$	—
Personal		4			4			3			2			2			2			2			1			1
Commercial real estate		—			—			—			—			—			—			—			—			1
Lease finance assets		15			15			27			13			10			12			1			1			1
Total nonperforming loans		28			26			37			16			13			14			4			2			3
Total acquired property		—			—			—			—			3			—			—			2			—
Total nonperforming assets	$	28		$	26		$	37		$	16		$	16		$	14		$	4		$	4		$	3
Nonperforming loans as a percentage of total loans		0.39	%		0.34	%		0.48	%		0.24	%		0.19	%		0.20	%		0.07	%		0.04	%		0.05	%
Nonperforming assets as a percentage of Tier I capital plus the reserve for loan losses		0.98	%		0.87	%		1.23	%		0.53	%		0.51	%		0.44	%		0.12	%		0.12	%		0.08	%(a)

(a) Preliminary

Page 17

MELLON FINANCIAL CORPORATION

CONTINUING OPERATIONS - 9 Quarter Trend

PROVISION AND RESERVE FOR CREDIT EXPOSURE

	2005												2006												2007
(dollar amounts in millions)	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr
Reserve Activity:
Loan losses		98			87			87			80			63			60			58			55			56
Unfunded commitments		67			77			81			77			78			82			81			80			84
Reserve at beginning of period	$	165		$	164		$	168		$	157		$	141		$	142		$	139		$	135		$	140
Total credit losses		(1	)		—			(24	)		(15	)		—			(1	)		—			—			—
Total recoveries		1			1			1			1			—			1			—			—			—
Sub-total - net credit recoveries (losses)	$	—		$	1		$	(23	)	$	(14	)	$	—		$	—		$	—		$	—		$	—
Credit losses on loans transferred to held for sale		—			—			—			—			—			—			—			—			—
Total net credit recoveries (losses)	$	—		$	1		$	(23	)	$	(14	)	$	—		$	—		$	—		$	—		$	—
Impact of disposals and acquisitions		—			—			—			—			—			—			—			—			—
Securitizations		—			—			—			—			—			—			—			—			—
Loss on sale of commitments		—			—			—			—			—			—			—			—			—
Provision for credit losses		(2	)		3			12			4			1			(3	)		(1	)		5			3
Reclass of provision to discontinued operations		1			—			—			1			—			—			—			—			—
Reserves transferred to assets of discontinued operations		—			—			—			—			—			—			(3	)		—			—
Reserves transferred to held for sale		—			—			—			(7	)		—			—			—			—			—
Reserve at end of period	$	164		$	168		$	157		$	141		$	142		$	139		$	135		$	140		$	143
Reserve for loan losses	$	87		$	87		$	80		$	63		$	60		$	58		$	55		$	56		$	52
Reserve for unfunded commitments		77			81			77			78			82			81			80			84			91
Reserve at end of period	$	164		$	168		$	157		$	141		$	142		$	139		$	135		$	140		$	143
Reserve for loan losses as a percentage of total loans (a)		1.23	%		1.15	%		1.05	%		0.96	%		0.91	%		0.84	%		0.93	%		0.94	%		0.85	%
Reserve for unfunded commitments as a percentage of unfunded commitments (a)		0.54	%		0.58	%		0.55	%		0.58	%		0.62	%		0.61	%		0.60	%		0.62	%		0.66	%
Annualized net credit losses to average loans		—	%		—	%		1.23	%		0.77	%		—	%		—	%		—	%		—	%		—	%

(a) At period end.

Page 18