BNY Mellon, the global leader in investment management and investment services, today confirmed that the Federal Reserve did not object to its comprehensive capital analysis  and review (as part of the 2012 Bank Stress Test).  The company's annual capital plan includes the repurchase of up to $1.16 billion of outstanding common stock and the continuation of its 13¢ per quarter dividend over the next 12 months. Chairman, President, and CEO Gerald Hassell had this to say: "We are pleased to be able to initiate this new stock repurchase program, which has been authorized by our Board of Directors.  Our fee-based business model generates a significant level of excess capital, which allows us to invest in our businesses while maintaining flexibility to return capital to our shareholders." BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team.  It has nearly $26 trillion in assets under custody and administration and nearly $1.3 trillion in assets under management, services nearly $12 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day.    [PR Newswire, 3/13/12]