Income from continuing operations in the second quarter for the former Bank of New York rose 15 per cent to $448 million and net income fell 1 per cent to $445 million. Fees from securities servicing rose 19 per cent to $1.09 billion. At the former Mellon, income from continuing operations rose 26 per cent to $281 million from $223 million a year earlier. Net income increased 19 per cent to $275 million. Fees from securities servicing rose 11 per cent to $333 million. The merger of the two companies, which closed on 1 July has created the world's largest custodian with $18,000 billion in assets under custody and an asset manager with more than $1,000 billion under management.