SEC Info - Bank of New York Mellon Corp - ‘10-Q’ for 3/31/11

SEC Info℠

Home

Help

Please Sign In

Bank of New York Mellon Corp – ‘10-Q’ for 3/31/11 – ‘XML.R21’

On: Monday, 5/9/11, at 4:32pm ET · For: 3/31/11 · Accession #: 1193125-11-132389 · File #: 0-52710

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/09/11  Bank of New York Mellon Corp      10-Q        3/31/11  136:36M                                    Donnelley … Solutions/FA

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   2.70M 
 2: EX-10.1     Form of Executive Restricted Stock Unit Agreement   HTML     68K 
 3: EX-10.2     Form of Executive Stock Option Agreement            HTML     67K 
 4: EX-10.3     Amendment to Robert P. Kelly Letter Agreement       HTML     42K 
 5: EX-10.4     Terms of Employment for Curtis Y. Arledge           HTML     76K 
 6: EX-12.1     Computation of Ratio of Earnings to Fixed Charges   HTML     47K 
 7: EX-31.1     Section 302 CEO Certification                       HTML     44K 
 8: EX-31.2     Section 302 CFO Certification                       HTML     44K 
 9: EX-32.1     Section 906 CEO Certification                       HTML     38K 
10: EX-32.2     Section 906 CFO Certification                       HTML     38K 
103: XML         IDEA XML File -- Definitions and References          XML    372K  
123: XML         IDEA XML File -- Filing Summary                      XML    730K  
116: XML.R1      Document and Entity Information                      XML    130K  
117: XML.R2      Consolidated Income Statement                        XML   1.11M  
63: XML.R3      Consolidated Income Statement (Parenthetical)        XML    126K 
73: XML.R4      Consolidated Balance Sheet                           XML    743K 
100: XML.R5      Consolidated Balance Sheet (Parenthetical)           XML    178K  
95: XML.R6      Consolidated Statement of Cash Flows                 XML    773K 
130: XML.R7      Consolidated Statement of Changes in Equity          XML    657K  
34: XML.R8      Consolidated Statement of Changes in Equity          XML    100K 
                (Parenthetical)                                                  
94: XML.R9      Basis of presentation                                XML     64K 
28: XML.R10     Accounting changes and new accounting guidance       XML     61K 
27: XML.R11     Acquisitions                                         XML     62K 
62: XML.R12     Discontinued operations                              XML     59K 
110: XML.R13     Securities                                           XML    407K  
65: XML.R14     Loans and asset quality                              XML    491K 
69: XML.R15     Goodwill and intangible assets                       XML    158K 
88: XML.R16     Other assets                                         XML     88K 
135: XML.R17     Net interest revenue                                 XML     92K  
52: XML.R18     Employee benefit plans                               XML     80K 
17: XML.R19     Restructuring charges                                XML    119K 
72: XML.R20     Income taxes                                         XML     70K 
107: XML.R21     Securitizations and variable interest entities       XML    142K  
41: XML.R22     Fair value of financial instruments                  XML    139K 
101: XML.R23     Fair value measurement                               XML    780K  
70: XML.R24     Fair value option                                    XML     82K 
129: XML.R25     Derivative instruments                               XML    188K  
112: XML.R26     Commitments and contingent liabilities               XML    126K  
77: XML.R27     Review of businesses                                 XML    148K 
89: XML.R28     Supplemental information to the Consolidated         XML     65K 
                Statement of Cash Flows                                          
26: XML.R29     Accounting changes and new accounting guidance       XML    136K 
                (Policies)                                                       
31: XML.R30     Securities (Tables)                                  XML    445K 
44: XML.R31     Loans and asset quality (Tables)                     XML    531K 
57: XML.R32     Goodwill and intangible assets (Tables)              XML    176K 
87: XML.R33     Other assets (Tables)                                XML     94K 
111: XML.R34     Net interest revenue (Tables)                        XML     91K  
21: XML.R35     Employee benefit plans (Tables)                      XML     79K 
35: XML.R36     Restructuring charges (Tables)                       XML    124K 
119: XML.R37     Income taxes (Tables)                                XML     68K  
128: XML.R38     Securitizations and variable interest entities       XML    195K  
                (Tables)                                                         
79: XML.R39     Fair value of financial instruments (Tables)         XML    139K 
132: XML.R40     Fair value measurement (Tables)                      XML    773K  
36: XML.R41     Fair value option (Tables)                           XML     90K 
134: XML.R42     Derivative instruments (Tables)                      XML    204K  
46: XML.R43     Commitments and contingent liabilities (Tables)      XML    115K 
18: XML.R44     Review of businesses (Tables)                        XML    127K 
45: XML.R45     Supplemental information to the Consolidated         XML     64K 
                Statement of Cash Flows (Tables)                                 
106: XML.R46     Acquisitions - Additional Information (Detail)       XML    437K  
127: XML.R47     Discontinued Operations - Additional Information     XML     73K  
                (Detail)                                                         
67: XML.R48     Amortized Cost and Fair Values of Securities         XML   2.05M 
                (Detail)                                                         
48: XML.R49     Amortized Cost and Fair Values of Securities         XML    219K 
                (Parenthetical) (Detail)                                         
86: XML.R50     Amortized Cost and Fair Values of Securities by      XML    407K 
                Contractual Maturity (Detail)                                    
24: XML.R51     Realized Gross Gains, Realized Gross Losses and      XML    125K 
                Recognized Gross Impairments on Securities                       
                (Detail)                                                         
92: XML.R52     Aggregate Fair Value of Investments with a           XML   1.95M 
                Continuous Unrealized Loss Position (Detail)                     
50: XML.R53     Projected Weighted-Average Default Rates and Loss    XML    216K 
                Severities (Detail)                                              
33: XML.R54     Securities - Additional Information (Detail)         XML    185K 
126: XML.R55     Pre-Tax Securities Gains (Losses) by Type (Detail)   XML    320K  
121: XML.R56     Debt Securities Credit Losses Rollforward Recorded   XML    116K  
                In Earnings (Detail)                                             
61: XML.R57     Details of our Loan Distribution and Industry        XML    644K 
                Concentrations of Credit Risk (Detail)                           
40: XML.R58     Details of our Loan Distribution and Industry        XML     71K 
                Concentrations of Credit Risk (Parenthetical)                    
                (Detail)                                                         
114: XML.R59     Allowance for Credit Losses Activity (Detail)        XML   1.30M  
30: XML.R60     Allowance for Credit Losses Activity                 XML    301K 
                (Parenthetical) (Detail)                                         
96: XML.R61     Nonperforming Assets and Impaired Loans (Detail)     XML    373K 
93: XML.R62     Nonperforming Assets and Impaired Loans              XML     75K 
                (Parenthetical) (Detail)                                         
120: XML.R63     Lost Interest (Detail)                               XML    103K  
115: XML.R64     Information About our Impaired Loans (Detail)        XML   1.14M  
131: XML.R65     Information About our Impaired Loans                 XML    378K  
                (Parenthetical) (Detail)                                         
38: XML.R66     Information About our Past Due Loans (Detail)        XML    655K 
60: XML.R67     Credit Quality Indicators - Commercial Portfolio     XML    485K 
                Credit Risk Profile by Creditworthiness Category                 
                (Detail)                                                         
84: XML.R68     Credit Quality Indicators - Wealth Management        XML    259K 
                Loans and Mortgages - Credit Risk Profile by                     
                Internally Assigned Grade (Detail)                               
71: XML.R69     Loans and Asset Quality - Additional Information     XML    683K 
                (Detail)                                                         
85: XML.R70     Goodwill by Business Segment (Detail)                XML    259K 
133: XML.R71     Goodwill and Intangible Assets - Additional          XML    103K  
                Information (Detail)                                             
39: XML.R72     Intangible Assets by Business Segment (Detail)       XML    449K 
47: XML.R73     Intangible Assets (Detail)                           XML    789K 
43: XML.R74     Estimated Annual Amortization Expense (Detail)       XML     92K 
81: XML.R75     Other Assets (Detail)                                XML    184K 
91: XML.R76     Other Assets (Parenthetical) (Detail)                XML     79K 
76: XML.R77     Seed Capital And Private Equity Investments Valued   XML    158K 
                Using NAV (Detail)                                               
68: XML.R78     Net Interest Revenue (Detail)                        XML    311K 
37: XML.R79     Net Periodic Benefit Cost (Credit) (Detail)          XML    294K 
19: XML.R80     Restructuring Charge - Additional Information        XML    239K 
                (Detail)                                                         
82: XML.R81     Activity in Restructuring Reserve (Detail)           XML    518K 
59: XML.R82     Restructuring Charges by Business Segment (Detail)   XML    429K 
75: XML.R83     Reconciliation of Statutory Federal Income Tax       XML    133K 
                Rate to Effective Income Tax Rate (Detail)                       
105: XML.R84     Income Taxes - Additional information (Detail)       XML    118K  
99: XML.R85     Incremental Assets and Liabilities of VIEs           XML    390K 
                Included in Consolidated Financial Statements                    
                (Detail)                                                         
54: XML.R86     Non-consolidated VIEs (Detail)                       XML    212K 
109: XML.R87     Financial Statement Items Related to                 XML    281K  
                Non-Consolidated VIEs Provided Credit Support                    
                Agreements (Detail)                                              
97: XML.R88     Consolidated Credit Supported VIEs (Detail)          XML    257K 
42: XML.R89     Securitizations and Variable Interest Entities -     XML     59K 
                Additional Information (Detail)                                  
66: XML.R90     Fair Value of Financial Instruments - Additional     XML     89K 
                Information (Detail)                                             
98: XML.R91     Carrying Amount And Fair Value of Financial          XML    738K 
                Instruments (Detail)                                             
51: XML.R92     Summary of Carrying Amount of Hedged Financial       XML    319K 
                Instruments, Related Notional Amount of the Hedge                
                And Estimated Fair Value of Derivatives (Detail)                 
113: XML.R93     Fair Value Measurement - Additional Information      XML     86K  
                (Detail)                                                         
56: XML.R94     Assets and Liabilities Measured at Fair Value on a   XML   4.98M 
                Recurring Basis (Detail)                                         
104: XML.R95     Details Of Certain Items Measured At Fair Value On   XML   8.10M  
                A Recurring Basis (Detail)                                       
83: XML.R96     Fair Value Measurements Using Significant            XML   1.43M 
                Unobservable Inputs (Detail)                                     
20: XML.R97     Assets Measured at Fair Value on a Nonrecurring      XML    386K 
                Basis (Detail)                                                   
55: XML.R98     Assets Measured at Fair Value on a Nonrecurring      XML     87K 
                Basis (Parenthetical) (Detail)                                   
108: XML.R99     Fair Value Option of Consolidated Investment         XML    198K  
                Management Funds at Fair Value (Detail)                          
32: XML.R100    Fair Value Option - Additional Information           XML    165K 
                (Detail)                                                         
78: XML.R101    Fair Value Option - Changes in Fair Value Included   XML     72K 
                in Foreign Exchange and Other Trading Activities                 
                (Detail)                                                         
90: XML.R102    Derivative Instruments - Additional Information      XML    998K 
                (Detail)                                                         
118: XML.R103    Ineffectiveness Related to Derivatives and Hedging   XML    340K  
                Relationships Recorded in Income (Detail)                        
136: XML.R104    Impact of Derivative Instruments on the Balance      XML    551K  
                Sheet (Detail)                                                   
49: XML.R105    Impact of Derivative Instruments on the Balance      XML     88K 
                Sheet (Parenthetical) (Detail)                                   
22: XML.R106    Impact of Derivative Instruments on the Income       XML    427K 
                Statement (Detail)                                               
53: XML.R107    Revenue from Foreign Exchange and Other Trading      XML    317K 
                Activities (Detail)                                              
58: XML.R108    Fair Value of Derivative Contracts Falling Under     XML    130K 
                Close-Out Agreements that were in a Net Liability                
                Position (Detail)                                                
29: XML.R109    Off-Balance Sheet Risks Significant Industry         XML    574K 
                Concentrations (Detail)                                          
125: XML.R110    Summary of Off-Balance Sheet Credit Transactions,    XML    262K  
                Net of Participations (Detail)                                   
122: XML.R111    Summary of Off-Balance Sheet Credit Transactions,    XML    135K  
                Net of Participations (Parenthetical) (Detail)                   
23: XML.R112    Commitments and Contingent Liabilities -             XML    477K 
                Additional Information (Detail)                                  
64: XML.R113    Standby Letters of Credits (SBLCs) by Investment     XML    144K 
                Grade (Detail)                                                   
74: XML.R114    Contribution of Segments to Overall Profitability    XML    569K 
                (Detail)                                                         
102: XML.R115    Contribution of Segments to Overall Profitability    XML    209K  
                (Parenthetical) (Detail)                                         
25: XML.R116    Noncash Investing and Financing Transactions that,   XML    106K 
                appropriately, are not Reflected in the                          
                Consolidated Statement of Cash Flows (Detail)                    
124: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS   4.89M  
11: EX-101.INS  XBRL Instance -- bk-20110331                         XML   8.45M 
13: EX-101.CAL  XBRL Calculations -- bk-20110331_cal                 XML    480K 
14: EX-101.DEF  XBRL Definitions -- bk-20110331_def                  XML   2.03M 
15: EX-101.LAB  XBRL Labels -- bk-20110331_lab                       XML   2.03M 
16: EX-101.PRE  XBRL Presentations -- bk-20110331_pre                XML   2.13M 
12: EX-101.SCH  XBRL Schema -- bk-20110331                           XSD    494K 
80: ZIP         XBRL Zipped Folder -- 0001193125-11-132389-xbrl      Zip    417K

‘XML.R21’ — Securitizations and variable interest entities

This Financial Report is an XBRL XML File.

<?xml version="1.0" encoding="windows-1252"?>

<hasSegments> false </hasSegments>

<hasScenarios> false </hasScenarios>

<ReportLongName> 1022 - Disclosure - Securitizations and variable interest entities </ReportLongName>

<ShowElementNames> false </ShowElementNames>

<HasEmbeddedReports> false </HasEmbeddedReports>

<IsAbstractGroupTitle> false </IsAbstractGroupTitle>

<LabelColumn> false </LabelColumn>

<hasSegments> false </hasSegments>

<hasScenarios> false </hasScenarios>

<MCU>

<KeyName> 1/1/2011 - 3/31/2011 USD ($) USD ($) / shares </KeyName>

<PeriodType> duration </PeriodType>

</contextRef>

<UPS>

<UnitType> Standard </UnitType>

</StandardMeasure>

</UnitProperty>

<UnitID> shares </UnitID>

<UnitType> Standard </UnitType>

<MeasureSchema> http://www.xbrl.org/2003/instance </MeasureSchema>

<MeasureValue> shares </MeasureValue>

</StandardMeasure>

</UnitProperty>

<UnitType> Standard </UnitType>

<MeasureSchema> http://www.xbrl.org/2003/instance </MeasureSchema>

</StandardMeasure>

</UnitProperty>

<UnitID> iso4217_USD_per_shares </UnitID>

<UnitType> Divide </UnitType>

</NumeratorMeasure>

<MeasureSchema> http://www.xbrl.org/2003/instance </MeasureSchema>

<MeasureValue> shares </MeasureValue>

</DenominatorMeasure>

</UnitProperty>

<UnitID> LegalMatter </UnitID>

<UnitType> Standard </UnitType>

<MeasureSchema> http://www.bnymellon.com/20110331 </MeasureSchema>

<MeasureValue> LegalMatter </MeasureValue>

</StandardMeasure>

</UnitProperty>

<UnitType> Standard </UnitType>

<MeasureSchema> http://www.bnymellon.com/20110331 </MeasureSchema>

</StandardMeasure>

</UnitProperty>

</UPS>

</MCU>

</Labels>

</Column>

</Columns>

<Rows>

<Row>

<IsAbstractGroupTitle> false </IsAbstractGroupTitle>

<ElementName> bk_AssetSecuritizationTextBlock </ElementName>

<IsBaseElement> false </IsBaseElement>

<PeriodType> duration </PeriodType>

<ShortDefinition> Description of securitization transactions, including exposure at period-end. Description of exposure to variable interest... </ShortDefinition>

<IsReportTitle> false </IsReportTitle>

<IsSegmentTitle> false </IsSegmentTitle>

<IsSubReportEnd> false </IsSubReportEnd>

<IsCalendarTitle> false </IsCalendarTitle>

<IsTuple> false </IsTuple>

<IsEquityPrevioslyReportedAsRow> false </IsEquityPrevioslyReportedAsRow>

<IsEquityAdjustmentRow> false </IsEquityAdjustmentRow>

<IsBeginningBalance> false </IsBeginningBalance>

<IsEndingBalance> false </IsEndingBalance>

<IsReverseSign> false </IsReverseSign>

<Cells>

<Cell>

<IsNumeric> false </IsNumeric>

<IsRatio> false </IsRatio>

<DisplayZeroAsNone> false </DisplayZeroAsNone>

<div> Note 13 – Securitizations and variable interest entities Variable Interest Entities Accounting guidance on the consolidation of Variable Interest Entities (“VIEs”), is included in ASC 810, Consolidation, and ASU 2009-17, “Improvements to Financial Reporting by Enterprises Involved with Variable Interest Entities.” Effective Jan. 1, 2010, the FASB approved ASU 2010-10 “Amendments for Certain Investment Funds” which defers the requirements of ASU 2009-17 for asset managers’ interests in entities that apply the specialized accounting guidance for investment companies or that have the attributes of investment companies and for interests in money market funds. Accounting guidance on the consolidation of VIEs applies to certain entities in which the equity investors: <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="26" align="left">•</td> <td valign="top" width="1"> </td> <td valign="top" align="left"> do not have sufficient equity at risk for the entity to finance its activities without additional financial support, or </td> </tr> </table> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="26" align="left">•</td> <td valign="top" width="1"> </td> <td valign="top" align="left"> lack one or more of the following characteristics of a controlling financial interest: </td> </tr> </table> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="27"> </td> <td valign="top" width="27" align="left">-</td> <td valign="top" align="left">The power through voting rights or similar rights, to direct the activities of an entity that most significantly impact the entity’s economic performance (ASU 2009-17 model).</td> </tr> </table> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="27"> </td> <td valign="top" width="27" align="left">-</td> <td valign="top" align="left">The direct or indirect ability to make decisions about the entity’s activities through voting rights or similar rights (ASC 810 model).</td> </tr> </table> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="27"> </td> <td valign="top" width="27" align="left">-</td> <td valign="top" align="left">The obligation to absorb the expected losses of the entity.</td> </tr> </table> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="27"> </td> <td valign="top" width="27" align="left">-</td> <td valign="top" align="left">The right to receive the expected residual returns of the entity.</td> </tr> </table> BNY Mellon’s VIEs generally include retail, institutional and alternative investment funds offered to its retail and institutional customers in which it acts as the fund’s investment manager. BNY Mellon earns management fees on these funds as well as performance fees in certain funds. It may also provide start-up capital in its new funds. These VIEs are included in the scope of ASU 2010-10 and are reviewed for consolidation based on the guidance in ASC 810. BNY Mellon applies ASC 810 to its mutual funds, hedge funds, private equity funds, collective investment funds and real estate investment trusts. If these entities are determined to be VIEs, primary beneficiary calculations are prepared in accordance with ASC 810 to determine whether or not BNY Mellon is the primary beneficiary and required to consolidate the VIE. The primary beneficiary of a VIE is the party that absorbs a majority of the variable interests’ expected losses, receives a majority of its expected residual returns or both. The primary beneficiary calculations include estimates of ranges and probabilities of losses and returns from the funds. The calculated expected gains and expected losses are allocated to the variable interest holders of the funds, which are generally the fund’s investors and which may include BNY Mellon, in order to determine which entity is required to consolidate the VIE, if any. BNY Mellon has other VIEs, including securitization trusts, which are no longer considered QSPEs, and CLOs, in which BNY Mellon serves as the investment manager. In addition, we provide trust and custody services for a fee to entities sponsored by other corporations in which we have no other interest. These VIEs are evaluated under the guidance included in ASU 2009-17. BNY Mellon has two securitizations and several CLOs, which are assessed for consolidation in accordance with ASU 2009-17. The primary beneficiary of these VIEs is the entity whose variable interests provide it with a controlling financial interest, which includes the power to direct the activities that most significantly impact the VIE’s economic performance and the obligation to absorb losses of the VIE or the right to receive benefits of the VIE that could potentially be significant to the VIE. In order to determine if it has a controlling financial interest in these VIEs, BNY Mellon assesses the VIE’s purpose and design along with the risks it was designed to create and pass through to its variable interest holders. We also assess our involvement in the VIE and the involvement of any other variable interest holders in the VIE. Generally, as the sponsor and the manager of its VIEs, BNY Mellon has the power to control the activities that significantly impact the VIE’s economic performance. Both a qualitative and quantitative analysis of BNY Mellon’s variable interests are performed to determine if BNY Mellon has the obligation to absorb losses of the VIE or the right to receive benefits of the VIE that could potentially be significant to the VIE. The analyses included assessments related to the expected performance of the VIEs and its related impact on BNY Mellon’s seed capital, management fees or residual interests in the VIEs. We also assess any potential impact the VIE’s expected performance has on our performance fees. The following tables present the incremental assets and liabilities included in BNY Mellon’s consolidated financial statements, after applying intercompany eliminations, as of March 31, 2011 based on the assessments performed in accordance with ASC 810 and ASU 2009-17. The net assets of any consolidated VIE are solely available to settle the liabilities of the VIE and to settle any investors’ ownership liquidation requests, including any seed capital invested in the VIE by BNY Mellon. <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="75%"></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> </tr> <tr> <td style="BORDER-TOP: #000000 1px solid" valign="top">Investments consolidated under ASC 810 at March 31, 2011</td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom" rowspan="2" colspan="2"> Investment Management funds </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom" rowspan="2"> </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom" rowspan="2" colspan="2"> Securitizations </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom" rowspan="2"> </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom" rowspan="2" colspan="2"> Total consolidated investments </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom" rowspan="2"> </td> </tr> <tr> <td valign="bottom">(in millions)</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> </tr> <tr bgcolor="#CCEEFF"> <td style="BORDER-TOP: #000000 1px solid" valign="top"> Available-for-sale </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom" align="right">-</td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom" align="right">481</td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom" align="right">481</td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> </tr> <tr> <td valign="top"> Trading assets </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">13,760</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">-</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">13,760</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr bgcolor="#CCEEFF"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> Other assets </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">939</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">-</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">939</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> Total assets </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">14,699</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">481</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">15,180</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> Trading liabilities </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">13,313</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">-</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">13,313</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> Other liabilities </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">4</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">385</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">389</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> </tr> <tr bgcolor="#CCEEFF"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> Total liabilities </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">13,317</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">385</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">13,702</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> Non-redeemable noncontrolling interests </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">777</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">-</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">777</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> </tr> </table> <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="75%"></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> </tr> <tr> <td style="BORDER-TOP: #000000 1px solid" valign="top">Investments consolidated under ASC 810 at Dec. 31, 2010</td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom" rowspan="2" colspan="2" align="right">Investment Management funds</td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom" rowspan="2"> </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom" rowspan="2" colspan="2" align="right">Securitizations</td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom" rowspan="2"> </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom" rowspan="2" colspan="2"> Total consolidated investments </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom" rowspan="2"> </td> </tr> <tr> <td valign="bottom">(in millions)</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> </tr> <tr bgcolor="#CCEEFF"> <td style="BORDER-TOP: #000000 1px solid" valign="top"> Available for sale </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom" align="right">-</td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom" align="right">483</td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom" align="right">483</td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> </tr> <tr> <td valign="top"> Trading assets </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">14,121</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">-</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">14,121</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr bgcolor="#CCEEFF"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> Other assets </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">645</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">-</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">645</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> Total assets </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">14,766</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">483</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">15,249</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> Trading liabilities </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">13,561</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">-</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">13,561</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> Other liabilities </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">2</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">386</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">388</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> </tr> <tr bgcolor="#CCEEFF"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> Total liabilities </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">13,563</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">386</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">13,949</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> Non-redeemable noncontrolling interests </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">699</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">-</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">699</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> </tr> </table> BNY Mellon voluntarily provided capital support agreements to certain VIEs (see below). With the exception of these agreements, we are not contractually required to provide financial or any other support to any of our VIEs. Additionally, creditors of any consolidated VIEs do not have any recourse to the general credit of BNY Mellon. Non-consolidated VIEs As of March 31, 2011, the following assets related to the VIEs, where BNY Mellon is not the primary beneficiary, are included in its consolidated financial statements. <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="59%"></td> <td valign="bottom" width="12%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="12%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="12%"></td> <td></td> <td></td> <td></td> </tr> <tr> <td style="BORDER-TOP: #000000 1px solid" valign="bottom" colspan="12">Non-consolidated VIEs at March 31, 2011</td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom"> </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> (in millions)</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="right">Assets</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="right">Liabilities</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="right">Maximum loss exposure</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> </tr> <tr bgcolor="#CCEEFF"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> Other </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">33</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">-</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">33</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> </tr> </table> <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="59%"></td> <td valign="bottom" width="12%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="12%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="12%"></td> <td></td> <td></td> <td></td> </tr> <tr> <td style="BORDER-TOP: #000000 1px solid" valign="bottom" colspan="12">Non-consolidated VIEs at Dec. 31, 2010</td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom"> </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> (in millions)</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="right">Assets</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="right">Liabilities</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="right">Maximum loss exposure</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> Trading </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">24</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">-</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">24</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> Other </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">34</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">-</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">34</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> </tr> <tr bgcolor="#CCEEFF"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> Total </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">58</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">-</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">58</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> </tr> </table> The maximum loss exposure indicated in the above tables relates solely to BNY Mellon’s seed capital or residual interests invested in the VIEs. Credit supported VIEs BNY Mellon voluntarily provided limited credit support to certain money market, collective, commingled and separate account funds (the “Funds”). Entering into such support agreements represents an event under ASC 810, and is subject to its interpretations. In analyzing the Funds for which credit support was provided, it was determined that interest rate risk and credit risk are the two main risks that the Funds are designed to create and pass through to their investors. Accordingly, interest rate and credit risk were analyzed to determine if BNY Mellon was the primary beneficiary of each of the Funds. BNY Mellon’s analysis of the credit risk variability and interest rate risk variability associated with the supported Funds resulted in BNY Mellon not being the primary beneficiary and therefore the Funds were not consolidated. The table below shows the financial statement items related to non-consolidated VIEs to which we have provided credit support agreements at March 31, 2011 and Dec. 31, 2010. <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="58%"></td> <td valign="bottom" width="13%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="13%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="13%"></td> <td></td> <td></td> <td></td> </tr> <tr> <td style="BORDER-TOP: #000000 1px solid" valign="bottom" colspan="12">Credit supported VIEs at March 31, 2011</td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom"> </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> (in millions)</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="right">Assets</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="right">Liabilities</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="right">Maximum loss exposure</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> </tr> <tr bgcolor="#CCEEFF"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> Other </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">-</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">-</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">9</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> </tr> </table> <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="57%"></td> <td valign="bottom" width="13%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="13%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="13%"></td> <td></td> <td></td> <td></td> </tr> <tr> <td style="BORDER-TOP: #000000 1px solid" valign="bottom" colspan="12">Credit supported VIEs at Dec. 31, 2010</td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom"> </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> (in millions)</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="right">Assets</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="right">Liabilities</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="right">Maximum loss exposure</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> </tr> <tr bgcolor="#CCEEFF"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> Other </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">-</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">-</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">13</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> </tr> </table> Consolidated credit supported VIEs Certain funds have been created solely with securities that are subject to credit support agreements where we have agreed to absorb the majority of loss. Accordingly, these funds have been consolidated into BNY Mellon and have affected the following financial statement items at March 31, 2011 and Dec. 31, 2010. <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="57%"></td> <td valign="bottom" width="11%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="11%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="11%"></td> <td></td> <td></td> <td></td> </tr> <tr> <td style="BORDER-TOP: #000000 1px solid" valign="bottom" colspan="12">Consolidated credit supported VIEs at March 31, 2011</td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom"> </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> (in millions)</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="right">Assets</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="right">Liabilities</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="right">Maximum loss exposure</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> Available-for-sale </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">59</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">-</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">59</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> Other </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">-</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">121</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">56</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> </tr> <tr bgcolor="#CCEEFF"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> Total </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">59</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">121</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">115</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> </tr> </table> <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="57%"></td> <td valign="bottom" width="11%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="11%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="11%"></td> <td></td> <td></td> <td></td> </tr> <tr> <td style="BORDER-TOP: #000000 1px solid" valign="bottom" colspan="12">Consolidated credit supported VIEs at Dec. 31, 2010</td> <td style="BORDER-TOP: #000000 1px solid" valign="bottom"> </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> (in millions)</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="right">Assets</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="right">Liabilities</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="right">Maximum loss exposure</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> Available-for-sale </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">53</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">-</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">53</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> Other </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">-</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">126</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">51</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> </tr> <tr bgcolor="#CCEEFF"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> Total </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">53</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">126</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> $</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right">104</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"> </td> </tr> </table> The maximum loss exposure shown above for the credit support agreements provided to BNY Mellon’s VIEs primarily reflects a complete loss on securities of Lehman Brothers Holdings Inc. for BNY Mellon’s clients that accepted our offer of support. As of March 31, 2011, BNY Mellon recorded $121 million in liabilities related to its VIEs for which credit support agreements were provided. </div>

</NonNumbericText>

<NonNumericTextHeader> Note 13 – Securitizations and variable interest entities Variable Interest Entities Accounting guidance on the consolidation of Variable Interest </NonNumericTextHeader>

<IsIndependantCurrency> false </IsIndependantCurrency>

<ShowCurrencySymbol> false </ShowCurrencySymbol>

<DisplayDateInUSFormat> false </DisplayDateInUSFormat>

<hasSegments> false </hasSegments>

<hasScenarios> false </hasScenarios>

</Cell>

</Cells>

<Unit> Other </Unit>

<ElementDataType> us-types:textBlockItemType </ElementDataType>

<SimpleDataType> string </SimpleDataType>

<ElementDefenition> Description of securitization transactions, including exposure at period-end. Description of exposure to variable interest entities (VIEs), including consolidation of VIEs and credit support that has been provided. </ElementDefenition>

<ElementReferences> No authoritative reference available. </ElementReferences>

<IsTotalLabel> false </IsTotalLabel>

<IsEPS> false </IsEPS>

<Label> Securitizations and variable interest entities </Label>

</Row>

</Rows>

<ReportName> Securitizations and variable interest entities </ReportName>

<MonetaryRoundingLevel> UnKnown </MonetaryRoundingLevel>

<SharesRoundingLevel> UnKnown </SharesRoundingLevel>

<PerShareRoundingLevel> UnKnown </PerShareRoundingLevel>

<ExchangeRateRoundingLevel> UnKnown </ExchangeRateRoundingLevel>

<HasCustomUnits> false </HasCustomUnits>

</InstanceReport>

2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/25/22  Bank of New York Mellon Corp.     10-K       12/31/21  183:46M
 2/25/21  Bank of New York Mellon Corp.     10-K       12/31/20  185:44M

↑Top

Filing Submission 0001193125-11-132389 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Bank of New York Mellon Corp – ‘10-Q’ for 3/31/11 – ‘XML.R21’

On: Monday, 5/9/11, at 4:32pm ET · For: 3/31/11 · Accession #: 1193125-11-132389 · File #: 0-52710

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34Filing Table of Contents

‘XML.R21’ — Securitizations and variable interest entities

This Financial Report is an XBRL XML File.

2 Subsequent Filings that Reference this Filing

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents