Press Release

The Bank of New York Launches Enhanced Foreign Exchange Website

Interactive Research Tools, Podcasts and Daily Commentaries Featured on New Site

NEW YORK, October 11, 2006 -- The Bank of New York has launched a new website offering its clients enhanced foreign exchange (FX) research and analysis capabilities, including detailed data on cross-border investment trends, daily FX commentary, in-depth examination of economic news and central bank decisions, as well as coverage of daily worldwide events that affect currency, equity and fixed income markets.

A significant highlight of the website is the Bank’s interactive Portfolio Flow Monitor, or iPFM, which monitors more than $12 trillion in cross-border capital flows from the Bank's global custody business. The enhanced iPFM now allows the Bank’s clients to chart two-way, cross-border capital flows, examine equity flows by sector, and review fixed income flows by time to maturity. Clients can also search an expanded historical database of daily, real-time capital flow data using custom beginning and ending dates. Clients can download capital flow data to facilitate independent analysis and modeling, as well as access a weekly iPFM Flash, which provides up-to-date news on important developments in cross-border capital flows.

Michael Woolfolk, senior currency strategist at The Bank of New York, said, "The global markets website is an outstanding source for timely research and commentary with the singular purpose of providing clients with the resources and expertise they need to maximize opportunities in the FX markets. In particular, the iPFM provides world-class research data, real-time information on specific cross-border flows and comprehensive reporting and charting tools for deeper analysis and modeling purposes."

Through the website, clients can also access research reports and proprietary commentary on foreign exchange markets written and analyzed by the Bank’s currency strategists. The Global Markets Morning Update provides news headlines and commentary that is updated twice daily at the open of trading in London and in New York. The FX Comment provides insightful commentary on late-breaking market events during New York trading hours.

Also available on the website are concise audio podcasts delivered by the Bank’s currency strategists on a variety of topics and trends to keep clients updated while away from their offices. The website will also offer expanded iPFM coverage on emerging markets.

To access the new website, visit https://gm.bankofny.com.

The Bank of New York’s Global Markets Division encompasses the Bank’s foreign exchange, interest-rate and equity risk management businesses, including global trading, currency overlay and sales activities. The Bank is a premier foreign exchange provider, trading in over 100 currency markets around the world.

The Bank of New York Company, Inc. (NYSE: BK) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies: securities servicing, treasury management, asset management, and private banking. The Company’s extensive global client base includes a broad range of leading financial institutions, corporations, government entities, endowments and foundations. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide. Additional information is available at www.bankofny.com.

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