Update at a Glance

January 15, 2008

2008 Economic Update Available Online

For insight into how the latest economic news reflects on today's markets, The Bank of New York Mellon invites you to read the first Economic Update of 2008 from our Chief Economist Richard Hoey.

Mr. Hoey is responsible for monitoring all aspects of the economic environment for The Bank of New York Mellon, including the U.S. economy, the global economy and currencies. He works closely with the heads of the company's various specialized equity and fixed income teams and serves as our principal spokesman on economic and investment issues. His Economic Update is also available to view in PDF format.

To learn more about Mr. Hoey's economic updates, call us at 1 800 424-3004 or e-mail us at treasury@bnymellon.com.