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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)
Debt Disclosure [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
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

(a)
Fixed rate.
(b)
Floating rate at Dec. 31, 2016 and fixed rate at Dec. 31, 2015.
 
 
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.