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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported) June 21,
1995
J.P. MORGAN & CO. INCORPORATED
(Exact name of registrant as specified in its charter)
DELAWARE 1-5885 13-2625764
(State or other juris- (Commission (IRS Employer
diction of File Number) Identification No.)
incorporation)
60 WALL STREET, NEW YORK, NEW YORK
10260-0060
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code (212)
483-2323
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_____
(Former name or former address, if changed since last
report)
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ITEM 5. OTHER EVENTS
On June 21, 1995, the Registrant issued a press
release announcing
the sale of its U.S. commercial paper processing
business and the
outsourcing of some processing services. A copy of
such press release
is filed herein as Exhibit 99.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION AND EXHIBITS
(a) Financial Statements
NONE.
(b) Pro Forma Financial Information
NONE.
(c) Exhibits
99. Copy of press release of J.P. Morgan & Co.
Incorporated dated June 21, 1995.
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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 hereunto duly authorized.
J.P. MORGAN & CO. INCORPORATED
______________________________
(REGISTRANT)
/s/ PATRICIA A. JONES
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NAME: PATRICIA A. JONES
TITLE: MANAGING DIRECTOR
DATE: June 22, 1995
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EXHIBIT INDEX
Exhibit 99 - Press release of J.P. Morgan & Co.
Incorporated
dated June 21, 1995
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Exhibit 99
June 21, 1995
J.P. Morgan sells its U.S. commercial paper processing business
and outsources some processing services
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J.P. Morgan announced today that The Chase Manhattan
Corporation has agreed to acquire Morgan's U.S. commercial paper
issuing and paying agency business. The terms were not
disclosed. Morgan also announced that it will outsource certain
cash and check processing services to Transys, the operational
services subsidiary of CoreStates Financial Corp.
These announcements follow Morgan's recent agreement to sell
its global securities custody business. That decision and those
announced today reflect a sharpening of the firm's strategic
focus on core global banking activities. The firm will continue
to provide clients with money transfer services, in which Morgan
has a leading position and can leverage systems that support its
own operating needs.
Processing transactions is a core service of Chase
Manhattan, and its expertise in the commercial paper issuing and
paying agency business will ensure that Morgan's clients continue
to receive excellent service. Morgan is a major provider of
commercial paper processing in the United States.
J.P. Morgan is a global banking firm that serves clients
with complex financial needs through an integrated range of
advisory, financing, trading, investment, and related
capabilities.
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