STATE STREET BOSTON CORP
8-K, 1994-02-11
STATE COMMERCIAL BANKS
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<PAGE>   1
                                      
                     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:    February 1, 1994


                       STATE STREET BOSTON CORPORATION
- -----------------------------------------------------------------------------
            (Exact name of Registrant as specified in its charter)


                                Massachusetts
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                (State or other jurisdiction of incorporation)

    
       0-5108                                        04-2456637
- ----------------------------               ----------------------------------
    Commission File No.                    (IRS Employer Identification No.)


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









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Item 5.         Other Events
                ------------

                Registrant has been notified by the U.S. Environmental
                Protection Agency - Region 1, by letter dated February
                1, 1994 that the EPA has removed the Registrant and its
                principal subsidiary, State Street Bank and Trust Company,
                together with the former Union National Bank, a former
                subsidiary of Registrant now in receivership of the
                Federal Deposit Insurance Corporation, "from its list
                of potentially responsible parties" for the Silresim 
                Chemical Corporation Superfund Site.  The EPA's 
                notification stated that it does not intend to take
                further steps to hold Registrant, State Street Bank
                and/or Union responsible for the hazardous wastes at
                the Site or for the cleanup costs associated with the
                Site; the EPA did reserve its rights to reassess this
                determination if new facts are discovered in the 
                future.



                                  SIGNATURE


        Pursuant to the requirements of the Securities Exchange Act of 1934,
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


Dated:   February 10, 1994



                                    STATE STREET BOSTON CORPORATION


                                                       

                                    By:  /s/ Robert J. Malley
                                         ----------------------------
                                         Robert J. Malley
                                         Senior Vice President and 
                                         General Counsel






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