Filed under Rule 424 (b)(2), Registration Statement No. 333-134738,
333-134738-01, 333-134738-02, 333-134738-03, 333-134738-04 and 333-134738-05
Pricing Supplement No. 11 Subject to Completion - dated August 28, 2006
(To prospectus dated June 5, 2006 and
prospectus supplement dated June 15, 2006)
The Bank of New York Company, Inc. [LOGO]
The Bank of New York Company, Inc.
$1,000,000,000
The Bank of New York Company, Inc. CoreNotes(Registered Service Mark)
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Aggregate Purchasing Proceeds
CUSIP Principal Price to Agent's Before
Number Amount Public(1) Discount(1) Expenses(1)
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0640P1JE4 TBD 100% 2.00% 98.00%
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Interest Interest Stated
Rate Per Payment Maturity Survivor's
Annum Frequency Date Option
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5.95% Semi-Annual 9/15/2021 Yes
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Senior Subordinated Medium-Term Notes, Series I
Interest Payment Dates: The 15th day of March and September of each year
commencing 03/15/2007.
Redemption Information: Redeemable at the option of The Bank of New York
Company, Inc. on 09/15/2009 and each Interest Payment
Date thereafter, at a price equal to 100% on 30
calendar days notice.
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Aggregate Purchasing Proceeds
CUSIP Principal Price to Agent's Before
Number Amount Public(1) Discount(1) Expenses(1)
=================================================================
0640P1JF1 TBD 100% 2.50% 97.50%
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Interest Interest Stated
Rate Per Payment Maturity Survivor's
Annum Frequency Date Option
=================================================================
6.00% Semi-Annual 9/15/2031 Yes
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Senior Subordinated Medium-Term Notes, Series I
Interest Payment Dates: The 15th day of March and September of each year
commencing 03/15/2007.
Redemption Information: Redeemable at the option of The Bank of New York
Company, Inc. on 09/15/2011 and each Interest Payment
Date thereafter, at a price equal to 100% on 30
calendar days notice.
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The Bank of New York Company, Inc.
One Wall Street
New York, New York 10286
Trade Date: 09/01/2006
Issue Date: 09/07/2006
Minimum Denominations/Increments: $1,000/$1,000
Original Issue Discount: No
All trades settle without accrued interest and clear SDFS: DTC Book-Entry only
Merrill Lynch DTC Participant Number: 161
The defeasance and covenant defeasance provisions of the Senior Indenture and
the Senior Subordinated Indenture described under "Description of Senior Debt
Securities and Senior Subordinated Debt Securities-Legal Defeasance and Covenant
Defeasance" in the Prospectus will apply to the Senior and Senior Subordinated
Notes respectively.
(1) Expressed as a percentage of the aggregate principal amount
"CoreNotes(Registered Service Mark)" is a registered service mark of Merrill
Lynch & Co., Inc.
Merrill Lynch & Co.
Purchasing Agent
Acting as Principal
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