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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
Date of Report (Date of Earliest Event Reported): March 11, 1997
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STATE STREET BOSTON CORPORATION
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(Exact name of Registrant as specified in its charter)
Massachusetts 0-5108 04-2456637
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(State or Other Jurisdiction (Commission (I.R.S. Employer I.D.
of Incorporation) File No.) Number)
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225 Franklin Street, Boston, Massachusetts 02110
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(Address of Principal Executive Offices) (Zip Code)
(617) 786-3000
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(Registrant's Telephone Number, including area code)
Page 1 of 4 pages
Exhibit Index on Page 4
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Item 5. Other Events
On March 11, 1997, the Registrant completed the sale of $300 million of
8.035% Capital Securities, Series A (the "Capital Securities") issued by State
Street Institutional Capital B (the "Trust"), a newly created subsidiary
business trust of the Registrant. The Capital Securities are fully guaranteed by
the Registrant. In connection with the sale of the Capital Securities, the
Registrant issued and sold to the Trust $309 million of its 8.035% Junior
Subordinated Deferrable Interest Debentures, Series B (the "Debentures").
Neither the Capital Securities nor the Debentures have been registered under
the Securities Act of 1933, as amended (the "Securities Act"), and may not be
offered or sold in the United States absent registration under, or an applicable
exemption from, the registration requirements of the Securities Act and
applicable state securities laws.
Item 7. Financial Statements and Exhibits
Exhibit 1 Junior Subordinated Indenture, dated as of December 15, 1996,
between State Street Boston Corporation and The First National
Bank of Chicago.
Exhibit 2 Amended and Restated Trust Agreement, dated as of March 11,
1997, relating to State Street Institutional Capital B.
Exhibit 3 Capital Securities Guarantee Agreement, dated as of March 11,
1997, between State Street Boston Corporation and The First
National Bank of Chicago.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
STATE STREET BOSTON CORPORATION
By: /s/ Rex S. Schuette
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Title: Senior Vice President
Date: April 17, 1997
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Exhibit Index Page
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Exhibit 1 Junior Subordinated Indenture, dated as of December 15, 1996,
between State Street Boston Corporation and The First National Bank
of Chicago.(1)
Exhibit 2 Amended and Restated Trust Agreement, dated as of
March 11, 1997, relating to State Street Institutional
Capital B.
Exhibit 3 Capital Securities Guarantee Agreement, dated as of
March 11, 1997, between State Street Boston Corporation
and The First National Bank of Chicago.
(1) Filed as an Exhibit to Registrant's Current Report on Form 8-K
covering events on December 20, 1996 and incorporated by reference
herein.
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