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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) - January 8, 1998
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 EVENTS
By press release dated January 8, 1998, Mellon Bank Corporation (the
"Corporation") announced that all outstanding shares of its 8.20%
Series K Preferred Stock will be redeemed on February 17, 1998, at a
redemption price of $25.00 per share, plus accrued dividends.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit Description
Number
99.1 Mellon Bank Corporation Press Release, dated January 8, 1998,
announcing the matter referenced in Item 5 above.
SIGNATURES
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: January 8, 1998 By: /s/ STEVEN G. ELLIOTT
Steven G. Elliott
Vice Chairman, Chief Financial
Officer & Treasurer
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EXHIBIT INDEX
Number Description Method of Filing
99.1 Press Release dated Filed herewith
January 8, 1998
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Exhibit 99.1
Media Analysts
Stephen K. Dishart Donald J. MacLeod
(412) 234-0850 (412) 234-5601
FOR IMMEDIATE RELEASE
MELLON BANK CORPORATION TO REDEEM
SERIES K PREFERRED STOCK
PITTSBURGH, Jan. 8, 1998--Mellon Bank Corporation today announced that its
Series K preferred stock (NYSE: MEL Pr K) will be redeemed at a price of $25 per
share plus accrued dividends. The $200 million of outstanding Series K preferred
stock carries an annual fixed dividend of $2.05 per share until its redemption
date of Feb. 17, 1998. The redemption is subject to Federal Reserve Board
approval.
A broad-based financial services company with a bank at its core, Mellon
Bank Corporation ranks among the nation's largest bank holding companies in
market capitalization. With approximately $1.8 trillion of assets under
management or administration, Mellon provides a full range of banking,
investment and trust products and services to individuals and small, midsize and
large businesses and institutions. Its mutual fund company, The Dreyfus
Corporation, places Mellon as the leading bank manager of mutual funds.
Headquartered in Pittsburgh, Mellon's principal subsidiary is Mellon Bank, N.A.
Press releases and other information about Mellon Bank Corporation and its
products and services are available at http://www.mellon.com on the Internet.
For Mellon press releases by fax, call 1 800 758-5804, identification number
552187.
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