The jobs are in the bank's Pershing securities clearing business, which it bought from Credit Suisse First Boston last year, according to the report filed on Wednesday with the Securities and Exchange Commission (SEC).

Bank of New York will continue to move jobs to upstate New York and Florida. Internationally, the company is moving positions from London to Liverpool.

Bank of New York also said it expects its provision for credit losses in 2004 to be less than charge-offs. The company cited improving economic conditions in the first quarter.

In 2003, the provision for credit losses was $155 million compared with $685 million in 2002 and $375 million in 2001.

The bank expects to contribute $16 million to its pension plans in 2004. The accumulated benefit obligation for all defined benefit plans was $777 million on September 30.