SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* MONKS DONALD R (Last) (First) (Middle) ONE WALL STREET (Street) NEW YORK NY 10286 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol BANK OF NEW YORK CO INC [ BK ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) ViceChairThe Bank of New York
	3. Date of Earliest Transaction (Month/Day/Year) 10/24/2006
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock (Par Value $7.50)	10/24/2006		M		74,204	A	$17.25	543,280.71	D
Common Stock (Par Value $7.50)	10/24/2006		S(1)		2,200	D	$33.5	541,080.71	D
Common Stock (Par Value $7.50)	10/24/2006		S(1)		2,500	D	$33.518	538,580.71	D
Common Stock (Par Value $7.50)	10/24/2006		S(1)		1,700	D	$33.54	536,880.71	D
Common Stock (Par Value $7.50)	10/24/2006		S(1)		1,300	D	$33.59	535,580.71	D
Common Stock (Par Value $7.50)	10/24/2006		S(1)		2,900	D	$33.6	532,680.71	D
Common Stock (Par Value $7.50)	10/24/2006		S(1)		1,804	D	$33.631	530,876.71	D
Common Stock (Par Value $7.50)	10/24/2006		S(1)		4,200	D	$33.64	526,676.71	D
Common Stock (Par Value $7.50)	10/24/2006		S(1)		1,600	D	$33.65	525,076.71	D
Common Stock (Par Value $7.50)	10/24/2006		S(1)		2,000	D	$33.66	523,076.71	D
Common Stock (Par Value $7.50)	10/24/2006		S(1)		11,300	D	$33.67	511,776.71	D
Common Stock (Par Value $7.50)	10/24/2006		S(1)		1,400	D	$33.671	510,376.71	D
Common Stock (Par Value $7.50)	10/24/2006		S(1)		4,500	D	$33.68	505,876.71	D
Common Stock (Par Value $7.50)	10/24/2006		S(1)		4,900	D	$33.69	500,976.71	D
Common Stock (Par Value $7.50)	10/24/2006		S(1)		3,900	D	$33.7	497,076.71	D
Common Stock (Par Value $7.50)	10/24/2006		S(1)		3,700	D	$33.71	493,376.71	D
Common Stock (Par Value $7.50)	10/24/2006		S(1)		500	D	$33.72	492,876.71	D
Common Stock (Par Value $7.50)	10/24/2006		S(1)		700	D	$33.726	492,176.71	D
Common Stock (Par Value $7.50)	10/24/2006		S(1)		5,600	D	$33.73	486,576.71(2)	D
Common Stock (Par Value $7.50)								0.00(3)	I	Daughter-Laura
Common Stock (Par Value $7.50)								0.00(4)	I	Son-Brian

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Options	$17.25	10/24/2006		M			74,204	01/14/1998	01/14/2007	Common Stock (Par Value $7.50)	74,204	$17.25	1,490,000	D

Explanation of Responses:

1. The sale is being made pursuant to a Rule 10b5-1 Sales Plan, adopted on August 3, 2006.

2. As of September 30, 2006, reporting person indirectly owns 82,624.564 stock units in employer's stock fund in The Bank of New Yor k Company, Inc. Employee Savings and Investment Plan, a 401(k) Plan, formerly the Profit Sharing Plan.

3. The reporting person no longer has a reportable beneficial interest in 1,717 shares of The Bank of New York Company, Inc. common stock owned by daughter, Laura, and included in the reporting person's prior ownership reports.

4. The reporting person no longer has a reportable, beneficial interest in 1,718.9580 shares of common stock of The Bank of New York Company, Inc. owned by son, Brian, and included in the reporting person's prior ownership reports.

Remarks:

Form 1 of 2

	Donald R. Monks	10/25/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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