Rendering
Component: (Network and Table) |
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Network | 2311301 - Disclosure - Long-Term Debt (Tables) (http://www.bnymellon.com/role/LongTermDebtTables) |
Table | (Implied) |
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis] | 0001390777 (http://www.sec.gov/CIK) |
Debt Disclosure [Abstract] | Period [Axis] |
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2016-01-01 - 2016-12-31 |
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Debt Disclosure [Abstract] | |
Long-Term Debt | | | | | | | | | | | | | | Long-term debt | Dec. 31, 2016 | | Dec. 31, 2015 | (in millions) | Rate | Maturity | Amount |
| | Rate |
| Amount |
| Senior debt: | | | | | | | Fixed rate | 1.30 - 5.94% | 2017 - 2026 | $ | 20,005 |
| | 0.70 - 5.94% |
| $ | 17,724 |
| Floating rate | 0.80 - 2.05% | 2018 - 2038 | 2,828 |
| | 0.41 - 1.48% |
| 2,378 |
| Subordinated debt (a) | 3.00 - 7.50% | 2017 - 2028 | 1,383 |
| | 5.45 - 7.50% |
| 1,150 |
| Junior subordinated debentures (b) | 1.87% | 2036 | 247 |
| | 6.37 | % | 295 |
| Total | | | $ | 24,463 |
| | | $ | 21,547 |
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| | (b) | Floating rate at Dec. 31, 2016 and fixed rate at Dec. 31, 2015. |
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Trust Preferred Securities Issued by the Trusts | The following tables set forth a summary of the trust preferred securities issued by the Trusts as of Dec. 31, 2016 and Dec. 31, 2015:
| | | | | | | | | | | | | | | | | | Trust preferred securities at Dec. 31, 2016
(dollar amounts in millions) | Trust-preferred securities issued by the trust | | Interest rate |
| Assets of the trust |
| (a) | Due date |
| Call date |
| Call price |
| MEL Capital III (b)(c) | | $ | 247 |
| 1.87 | % | $ | 247 |
| | 2036 |
| 2016 |
| Par |
| MEL Capital IV | | — |
| — | % | 500 |
| | — |
| — |
| — |
| Total | | $ | 247 |
| | $ | 747 |
| | | | |
| | (a) | Represents junior subordinated deferrable interest debentures of BNY Mellon in the case of MEL Capital III and BNY Mellon’s Series A preferred stock in the case of MEL Capital IV. |
| | (b) | Amount was translated from British pound sterling into U.S. dollars on a basis of U.S. $1.23 to £1, the rate of exchange on Dec. 31, 2016. |
| | (c) | Interest rate changed from fixed rate of 6.37% to floating rate of £ LIBOR plus 134 bps at the first call date. |
| | | | | | | | | | | | | | | | | | Trust preferred securities at Dec. 31, 2015
(dollar amounts in millions) | Trust-preferred securities issued by the trust | | Interest rate |
| Assets of the trust |
| (a) | Due date |
| Call date |
| Call price |
| MEL Capital III (b) | | $ | 296 |
| 6.37 | % | $ | 295 |
| | 2036 |
| 2016 |
| Par |
| MEL Capital IV | | — |
| — | % | 500 |
| | — |
| — |
| — |
| Total | | $ | 296 |
| | $ | 795 |
| | | | |
| | (a) | Represents junior subordinated deferrable interest debentures of BNY Mellon in the case of MEL Capital III and BNY Mellon’s Series A preferred stock in the case of MEL Capital IV. |
| | (b) | Amount was translated from British pound sterling into U.S. dollars on a basis of U.S. $1.48 to £1, the rate of exchange on Dec. 31, 2015. |
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