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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) - December 19, 1994
MELLON BANK CORPORATION
(Exact name of registrant as specified in charter)
Pennsylvania 1-7410 25-1233834
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
One Mellon Bank Center
500 Grant Street
Pittsburgh, Pennsylvania 15258
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code - (412) 234-5000
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ITEM 5. OTHER EVENT
On December 19, 1994, Mellon Bank Corporation announced the upcoming redemption
of its Series H Preferred Stock.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit
Number Description
99.1 Mellon Bank Corporation's Press Release, dated December 19, 1994,
announcing the upcoming redemption of the Corporation's Series H
Preferred Stock.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
MELLON BANK CORPORATION
Date: December 21, 1994 By: James M. Gockley
James M. Gockley
Assistant General Counsel
and Secretary
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EXHIBIT INDEX
Number Description Method of Filing
99.1 Press Release dated Filed herewith
December 19, 1994
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[LOGO OF MELLON BANK] Mellon News Release
EX 99-1
ANALYSTS:
John W. Calnan
(412) 234-4633
Contact: Corporate Affairs Group
MEDIA: One Mellon Bank Center
Margaret K. Cohen Pittsburgh, PA 15258-0001
(412) 234-0850
FOR IMMEDIATE RELEASE
MELLON BANK CORPORATION TO REDEEM SERIES H PREFERRED STOCK
PITTSBURGH, Dec. 19, l994 -- Mellon Bank Corporation today announced that its
Series H preferred stock (NYSE: MEL Pr H) will be redeemed at a price of $26.30
per share plus accrued dividends. The $160 million of outstanding Series H
preferred stock carries an annual fixed dividend of $2.60 per share until its
redemption date of March 1, 1995. The redemption is subject to Federal Reserve
Board approval. Mellon said its fourth quarter 1994 earnings would decrease by
approximately 11 cents per share as a result of the redemption of the Series H
preferred stock, reflecting the premium, issuance costs and dividends accrued
through the redemption date.
With balance sheet assets of approximately $39 billion and assets under
management or administration of more than $850 billion, Mellon Bank Corporation
is a major financial services company headquartered in Pittsburgh, providing a
full range of banking and investment products and services to individuals,
businesses and institutions.
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