Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
PICCOLI KEVIN C
 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)
Chief Auditor
(Last)
(First)
(Middle)

THE BANK OF NEW YORK, ONE WALL STREET		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2004
(Street)


NEW YORK, NY 10286		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(check applicable line)

_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
(City)
(State)
(Zip)
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 at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock (Par Value $7.50) 03/01/2004   L 31.82 A $ 31.4251 15,709.47 D  
Common Stock (Par Value $7.50) 04/01/2004   L 33.18 A $ 30.143 15,742.65 D  
Common Stock (Par Value $7.50) 05/06/2004   L 59.77 A $ 28.5338 15,802.42 D  
Common Stock (Par Value $7.50) 05/06/2004   L 1.43 A $ 30.0356 15,803.85 D  
Common Stock (Par Value $7.50) 06/01/2004   L 35.25 A $ 28.3673 15,839.1 D  
Common Stock (Par Value $7.50) 07/01/2004   L 36.15 A $ 27.6602 15,875.26 D  
Common Stock (Par Value $7.50) 08/05/2004   L 45.64 A $ 26.986 15,920.9 D  
Common Stock (Par Value $7.50) 08/05/2004   L 1.53 A $ 28.4064 15,922.42 D  
Common Stock (Par Value $7.50) 09/01/2004   L 35.33 A $ 28.3044 15,957.76 D  
Common Stock (Par Value $7.50) 10/01/2004   L 35.52 A $ 28.1504 15,993.28 D  
Common Stock (Par Value $7.50) 11/04/2004   L 55.5 A $ 31.6187 16,048.78 D  
Common Stock (Par Value $7.50) 11/04/2004   L 1.31 A $ 33.2829 16,050.09 D  
Common Stock (Par Value $7.50) 12/01/2004   L 31.77 A $ 31.4766 16,081.86 D  
Stock Units             7,297.94 (1) D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

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 Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
PICCOLI KEVIN C
THE BANK OF NEW YORK
ONE WALL STREET
NEW YORK, NY 10286		       Chief Auditor  

Signatures

Kevin C. Piccoli 02/03/2005
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Represents number of stock units held in employer's stock fund in The Bank of New York Company, Inc. Employee Savings and Investm ent Plan, formerly the Profit Sharing Plan, as of December 31, 2004.

Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.