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: September 27, 1994
STATE STREET BOSTON CORPORATION
________________________________________________________________
(Exact name of Registrant as specified in its charter)
________________________________________________________________
(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
On September 27, 1994 Registrant announced that it had
signed a definitive agreement with DST Systems, Inc. and
Kemper Financial Services, Inc. to acquire Investors
Fiduciary Trust Company ("IFTC") of Kansas City,
Missouri. The agreement provides for an exchange of
Registrant's Common Stock for all of the shares of stock
of IFTC's holding company. A copy of Registrant's press
release is filed as an exhibit hereto. The execution of
a letter of intent was reported by Registrant on July 19,
1994.
Item 7. Exhibits
1. Form of press release dated September 27, 1994.
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: September 28, 1994
STATE STREET BOSTON CORPORATION
Robert J. Malley
By:____________________________
Robert J. Malley
Senior Vice President and
General Counsel
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EXHIBIT LIST
Form of press release dated September 27, 1994.
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NEWS RELEASE
For Release: Immediately
Contact: George A. Russell
617/654-3886
Investors & analysts
Susanne G. Clark
617/654-3477
STATE STREET BOSTON CORPORATION
ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE
INVESTORS FIDUCIARY TRUST COMPANY
Boston, Massachusetts...September 27, 1994
State Street Boston Corporation announced today that it has
signed a definitive agreement to acquire Investors Fiduciary
Trust Company (IFTC), of Kansas City, Missouri from DST Systems,
Inc. and Kemper Financial Services, Inc. The letter of intent
was previously announced in July. State Street will be
exchanging shares of its common stock valued at approximately
$225 million for all the stock of IFTC's holding company, which
owns IFTC and other assets. The transaction is expected to close
promptly after regulatory and other approvals.
IFTC has approximately $130 billion in assets under custody.
With $1.6 trillion in assets under custody and $139 billion in
assets under management, State Street is a leading servicer of
financial assets worldwide.
