FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 * LIFTIN JOHN M   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) Vice Chair and General Counsel (Last) (First) (Middle) ONE WALL STREET 3. Date of Earliest Transaction (Month/Day/Year) 06/29/2007 (Street) NEW YORK, NY 10286 4. If Amendment, Date 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 (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 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) 07/01/2007   D   25,500 D $ 41.5069 (1) 0 D

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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 Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: 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

3/13/2007 Stock Options $38.11

$ 38.11

06/30/2007

D

68,115

03/13/2008(2)

03/13/2017

Common Stock (Par Value $7.50)

68,115

(3)

0

D

3/14/06 Stock Options $34.99

$ 34.99

06/29/2007

D

100,000

03/14/2007

06/29/2012

Common Stock (Par Value $7.50)

100,000

(3)

0

D

4/2/2007 Stock Options $40.41

$ 40.41

06/30/2007

D

33,750

01/01/2007(4)

04/02/2017

Common Stock (Par Value $7.50)

33,750

(3)

0

D

Restricted Stock Units

$ 34.95

06/30/2007

D

23,610

(5)

(5)

Common Stock (Par Value $7.50)

23,610

(6)

0

D

Restricted Stock Units

$ 40.41

06/30/2007

D

11,250

(7)

04/02/2010

Common Stock (Par Value $7.50)

11,250

(6)

0

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
LIFTIN JOHN M ONE WALL STREET NEW YORK, NY 10286			Vice Chair and General Counsel

Signatures

John Liftin		07/03/2007
**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).
(7)	One sixth of these restricted stock units have vested; the remaining units to be cancelled.
(1)	Disposed of in exchange for shares of The Bank of New York Mellon Corporation ("BNY Mellon") pursuant to the merger of The Bank of New York Company, Inc. ("BNY") into BNY Mellon. The exchange ratio in the merger was .9434 shares of BNY Mellon for each share of BNY, with fractional shares paid in cash under the merger agreement at a price of $41.5096 per share, except in the case of certain benefit plans, as to which fractional shares will be rolled over.
(2)	The expiration date of these options has been accelerated to June 29, 2012.
(6)	Disposed of in exchange for restricted stock units of The Bank of New York Mellon Corporation ("BNY Mellon") pursuant to the merger of The Bank of New York Company, Inc. ("BNY") into BNY Mellon. The exchange ratio in the merger was .9434 shares of BNY Mellon for each share of BNY.
(4)	One sixth of these options vest pro rata monthly from January 1, 2007 through June 29, 2007; the remaining options are cancelled. The options expire on June 29, 2012.
(5)	These restricted stock units vested on June 29, 2007.
(3)	Disposed of in exchange for options of The Bank of New York Mellon Corporation ("BNY Mellon") pursuant to the merger of The Bank of New York Company, Inc. ("BNY") into BNY Mellon. The exchange ratio in the merger was .9434 shares of BNY Mellon for each share of BNY.

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