Mellon Bank Corp. and MBNA Corp. are the latest banks to issue or plan the issuance of trust preferred securities.

Mellon issued $500 million of the securities priced to yield 7.72%

MBNA filed a shelf registration with the Securities and Exchange Commission for $600 million of debt securities and preferred shares.

MBNA, Wilmington, Del., said its securities would be added to $400 million worth previously registered, for a total shelf amount of $1 billion.

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