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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) March 23, 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
In a press release dated March 23, 1999, Mellon Bank Corporation
("Mellon") announced that it and Citibank, a unit of Citigroup, had
signed an agreement whereby Citibank will acquire Mellon's credit card
business, including a portfolio of $1.9 billion in credit card
receivables. Terms of the transaction were not disclosed. The
transaction is expected to be completed by the end of the first
quarter of 1999.
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: March 26, 1999 By: /s/ CARL KRASIK
Carl Krasik
Secretary
