DEPARTMENT OF LABOR

Employment and Training Administration

TA-W-92,570

THE BANK OF NEW YORK MELLON
CUSTODY REPORTING DEPARTMENT
A SUBSIDIARY OF THE BANK OF NEW YORK MELLON CORPORATION
BROOKLYN, NEW YORK

Certification Regarding Eligibility
To Apply for Worker Adjustment Assistance

In accordance with Section 223 of the Trade Act of 1974, as
amended ("Act"), 19 U.S.C. § 2273, the Department of Labor
herein presents the results of an investigation regarding
certification of eligibility to apply for worker adjustment
assistance.
The group eligibility requirements for workers of a firm
under Section 222(a) of the Act, 19 U.S.C. § 2272(a), are
satisfied if the following criteria are met:
(1) a significant number or proportion of the
workers in such workers' firm have become totally or
partially separated, or are threatened to become
totally or partially separated;
(2)(B)(i)(I) there has been a shift by the workers'
firm to a foreign country in the production of
articles or supply of services like or directly
competitive with those produced/supplied by the
workers' firm; OR
(II) there has been an acquisition from a
foreign country by the workers' firm of
articles/services that are like or directly
competitive with those produced/supplied by
the workers' firm; AND
(ii) the shift/acquisition must have contributed
importantly to the workers' separation or
threat of separation.

The investigation was initiated in response to a petition
filed on January 25, 2017, by the state workforce office on
behalf of workers of The Bank of New York Mellon, Custody
Reporting Department, a subsidiary of The Bank of New York
Mellon Corporation, Brooklyn, New York (The Bank of New York
Mellon-Custody Reporting Department). Workers of The Bank of New
York Mellon-Custody Reporting Department are engaged in
activities related to the supply of services for client
statements and reconciliation of hedge fund accounts. The
subject worker group does not include on-site leased workers.
During the course of the investigation, information was
collected from the workers' firm and the petitioner.
Section 222(a)(1) has been met because a significant
number or proportion of the workers in The Bank of New York
Mellon-Custody Reporting Department have become totally or
partially separated, or are threatened to become totally or
partially separated.
Section 222(a)(2)(B) has been met because the workers'
firm has shifted to a foreign country the supply of a(n) service
like or directly competitive with the service supplied by the
subject workers which contributed importantly to worker group
separations at The Bank of New York Mellon-Custody Reporting
Department.
Conclusion
After careful review of the facts obtained in the
investigation, I determine that workers of The Bank of New York
Mellon-Custody Reporting Department, who are engaged in
activities related to the supply of services for client
statements and reconciliation of hedge fund accounts, meet the
worker group certification criteria under Section 222(a) of the
Act, 19 U.S.C. § 2272(a). In accordance with Section 223 of the
Act, 19 U.S.C. § 2273, I make the following certification:
"All workers of The Bank of New York Mellon, Custody
Reporting Department, a subsidiary of The Bank of New York
Mellon Corporation, Brooklyn, New York, who became totally
or partially separated from employment on or after January
24, 2016, through two years from the date of certification,
and all workers in the group threatened with total or
partial separation from employment on the date of
certification through two years from the date of
certification, are eligible to apply for adjustment
assistance under Chapter 2 of Title II of the Trade Act of
1974, as amended."
Signed in Washington, D.C. this 14th day of March 2017.
/s/Del Min Amy Chen
______________________________
DEL MIN AMY CHEN
Certifying Officer, Office of
Trade Adjustment Assistance