Bank of New York Mellon Corp. was the No. 1 trustee in the United States last year, according to data from Thomson Reuters.

The company served as trustee on 1,656 new issues, or about 45% more than its closest competitor, according to the data, which Bank of New York Mellon released Monday. These issues generated over $529 billion of proceeds, or more than three times the amount serviced by another U.S. trustee.

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