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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 31, 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 March 31, 1999, Mellon Bank Corporation completed the previously
announced sale of its credit card business to Citibank, a unit of
Citigroup. Terms of the transaction were not disclosed.
By release dated April 1, 1999, Mellon Bank Corporation announced that
it has reached a definitive agreement to sell the $14 billion
commercial mortgage servicing portfolio of Mellon Mortgage Company's
Cleveland-based Income Property Division to GMAC Commerical Mortgage
Corporation. The transaction, terms of which were not disclosed, is
expected to close by the end of the second quarter of 1999.
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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: April 2, 1999 By: STEVEN G. ELLIOTT
Steven G. Elliott
Senior Vice Chairman and Chief
Financial Officer
