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THE BANK OF NEW YORK SELECTED AS MASTER CUSTODIAN BY THE IDAHO TREASURER'S OFFICE

 NEW YORK, Aug. 19 /PRNewswire/ -- The Bank of New York announced today that the Idaho Treasurer's Office has selected the Bank as its Master Custodian for the Idaho State General Fund and the Idaho Pooled Government Fund. Assets for these funds are valued at approximately $750 million.
 Liza Carberry, investment officer for the state treasurer's office, commented, "We were looking for an experienced custodian that could help us initiate our securities lending program. The Bank of New York was able to provide both of these services at attractive rates."
 Thomas J. Perna, executive vice president and head of the Bank's Securities Processing Sector, said, "We are extremely happy to have won the Idaho business. Once again, we have seen that our ability to augment our excellent core business with value-added services has made the difference in serving our clients. They are looking for more advanced products, and we are able to deliver."
 The Bank of New York was founded in 1784 by Alexander Hamilton and is the nation's oldest bank operating under its original name. It is the principal subsidiary of The Bank of New York Company, Inc. (NYSE: BK), which is the sixteenth-largest bank holding company in the United States, with total assets of $41 billion as of June 30, 1993. The company provides a complete range of banking and other financial services to corporations and individuals worldwide through its five basic businesses: Corporate Banking, Retail banking, Securities and Other Processing, Trust and Investment Management, and Financial Market Services.
 -0- 8/19/93
 /CONTACT: Michael M. Pascale, vice president, 212-495-1041, or (divisional) Michael Borkan, vice president, 212-635-1709, both of The Bank of New York/
 (BK)


CO: The Bank of New York ST: New York, Idaho IN: FIN SU:

TS -- NY066 -- 4425 08/19/93 15:16 EDT
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Publication:PR Newswire
Date:Aug 19, 1993
Words:298
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