Ownership Submission
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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(Print or Type Responses)
1. Name and Address of Reporting Person *
PALERMO JAMES P
   2. Issuer Name and Ticker or Trading Symbol
Bank of New York Mellon CORP [BK] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice Chairman
(Last)
(First)
(Middle)
MELLON FINANCIAL CENTER, SUITE 0152		 3. Date of Earliest Transaction (Month/Day/Year)
07/01/2007
(Street)

BOSTON, MA 02108		 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 07/01/2007   A   132,419.22 A (1) 132,419.22 D  
Common Stock 07/01/2007   A   3,481.32 A (1) 3,481.32 I 401(k) Plan (2)

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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
EMP OPT-Right to buy-Type I 1/98 $ 29.6563 07/01/2007   A   3,200   01/21/1999(3) 01/20/2008 Common Stock 3,200 (3) 3,200 D  
EMP OPT-Right to Buy-Type I 10/98 $ 29.3125 07/01/2007   A   10,400   10/23/1999(3) 10/22/2008 Common Stock 10,400 (3) 10,400 D  
EMP OPT (Right to Buy) Type I 1/01 $ 44 07/01/2007   A   13,100   01/19/2002(3) 01/18/2011 Common Stock 13,100 (3) 13,100 D  
EMP OPT-Right to Buy-Type NQ 1/01 $ 44 07/01/2007   A   950   01/19/2002(3) 01/18/2011 Common Stock 950 (3) 950 D  
EMP OPT-Right to Buy-Type I 1/02 $ 38.7 07/01/2007   A   14,740   01/18/2003(3) 01/17/2012 Common Stock 14,740 (3) 14,740 D  
EMP OPT-Right to Buy-Type I 1/03 $ 23.19 07/01/2007   A   49,400   01/24/2004(3) 01/23/2013 Common Stock 49,400 (3) 49,400 D  
EMP OPT-Right to Buy-Type I 1/04 $ 33.47 07/01/2007   A   25,266   01/23/2005(3) 01/22/2014 Common Stock 25,266 (3) 25,266 D  
EMP OPT-Right to Buy-Type I 1/05 $ 29.21 07/01/2007   A   30,938   01/24/2006(3) 01/23/2015 Common Stock 30,938 (3) 30,938 D  
EMP OPT-Right to Buy-Type NQ 01/06 $ 35.02 07/01/2007   A   66,798   01/23/2007(3) 01/22/2016 Common Stock 66,798 (3) 66,798 D  
EMP OPT (Right to Buy) Type NQ 02/20/07 $ 45.97 07/01/2007   A   148,257   02/20/2008(4) 02/19/2017 Common Stock 148,257 (4) 148,257 D  
EMP OPT 02/07 Type NQS $ 45.97 07/01/2007   A   4,064   07/01/2010(5) 02/19/2017 Common Stock 4,064 (5) 4,064 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
PALERMO JAMES P
MELLON FINANCIAL CENTER
SUITE 0152
BOSTON, MA 02108		       Vice Chairman  

Signatures

 /s/ Arlie R. Nogay, Attorney-in-Fact   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).
(1) Acquired in exchange for an equal number of shares of Mellon Financial Corporation ("MFC") common stock pursuant to the merger of MFC into The Bank of New York Mellon Corporation (the "Merger").
(2) Holdings reported as of 06/30/2007.
(3) The options, which provide for vesting in three equal annual installments beginning on the date shown, were acquired in the Merger in exchange for an equal number of MFC options.
(4) The options, which provide for vesting in five equal annual installments beginning on the date shown, were acquired in the Merger in exchange for an equal number of MFC options.
(5) The options, which provide for vesting on the third anniversary of the consummation of the Merger, were acquired in the Merger in exchange for an equal number of MFC options.

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