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THE BANK OF NEW YORK SELECTED BY SAN BERNARDINO COUNTY OPERATING FUND AS MASTER CUSTODIAN

 NEW YORK, April 1 /PRNewswire/ -- The Bank of New York announced today that San Bernardino County has selected the Bank as Master Custodian for its Operating Fund. The Fund's assets are valued at approximately $1.3 billion.
 Tom O'Donnell, the treasurer and tax collector for San Bernardino, commented, "I was impressed by the extensive number of brokers and dealers who we trade with and also who employ the bank of New York. We believe that this kind of respect and exposure will greatly facilitate our third party agreement transactions. Additionally, we were impressed with the people at the bank."
 Thomas J. Perna, executive vice president and head of the bank's securities processing sector, said, "We are extremely pleased that the bank of New York will be providing custodial service to San Bernardino County's Operating Fund. It is also gratifying that this appointment represents a further expansion of the roster of California counties that the bank works with and confirms the effectiveness of the custody service we offer."
 The Bank of New York is the principal subsidiary of The Bank of New York Company, Inc. (NYSE: BK), which is the 17th-largest bank holding company in the United States. 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 Processing, Trust and Investment Management, and Financial Market Services.
 -0- 4/1/93
 /CONTACT: Michael M. Pascale, VP, 212-495-1041, or Michael Borkan (divisional), VP, 212-635-1709, both of The Bank of New York/
 (BK)


CO: The Bank of New York Company, Inc. ST: New York, California IN: FIN SU:

SH -- NY091 -- 2125 04/01/93 14:52 EST
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Publication:PR Newswire
Date:Apr 1, 1993
Words:281
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