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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) August 3, 1999
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
On August 3, 1999, Mellon Bank Corporation ("Mellon") entered into an
agreement with Chase Mortgage Company, a subsidiary of The Chase
Manhattan Corporation, providing for the sale of the residential
mortgage business of Mellon Bank, N.A. The sale includes a $55 billion
servicing portfolio with 630,000 customers, warehouse loans and other
assets. Terms of the transaction were not disclosed. The sale is
subject to regulatory approvals and is expected to close by the end of
the third quarter.
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: August 4, 1999 By: /s/ STEVEN G. ELLIOTT
Steven G. Elliott
Senior Vice Chairman and Chief
Financial Officer
