-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 PkrPAot6vEiKHKQsdNttUO/ZqE+90n8iP/JLds1Urf3eF5bpewgrZN7VU5RDKnSf
 drlOgRATEyyvrYYZBxmT/w==

<SEC-DOCUMENT>0001181431-05-014606.txt : 20050304
<SEC-HEADER>0001181431-05-014606.hdr.sgml : 20050304
<ACCEPTANCE-DATETIME>20050304171955
ACCESSION NUMBER:		0001181431-05-014606
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20050302
FILED AS OF DATE:		20050304
DATE AS OF CHANGE:		20050304

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CUTRELL CHARLES C III
		CENTRAL INDEX KEY:			0001284271

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-07511
		FILM NUMBER:		05662106

	BUSINESS ADDRESS:	
		STREET 1:		STATE STREET CORP
		STREET 2:		ONE LINCOLN ST
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02111-2900
		BUSINESS PHONE:		6176643504

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STATE STREET CORP
		CENTRAL INDEX KEY:			0000093751
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				042456637
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		225 FRANKLIN ST
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
		BUSINESS PHONE:		6177863000

	MAIL ADDRESS:	
		STREET 1:		225 FRANKLIN STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	STATE STREET BOSTON FINANCIAL CORP
		DATE OF NAME CHANGE:	19780525
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd69943.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2005-03-02</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000093751</issuerCik>
        <issuerName>STATE STREET CORP</issuerName>
        <issuerTradingSymbol>STT</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001284271</rptOwnerCik>
            <rptOwnerName>CUTRELL CHARLES C III</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>STATE STREET CORPORATION</rptOwnerStreet1>
            <rptOwnerStreet2>ONE LINCOLN STREET</rptOwnerStreet2>
            <rptOwnerCity>BOSTON</rptOwnerCity>
            <rptOwnerState>MA</rptOwnerState>
            <rptOwnerZipCode>02111</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>EVP, General Counsel &amp; Sec.</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2005-03-02</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1863</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>44.53</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>9704</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1538</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>401(k) Plan</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>44.53</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2005-03-02</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F3"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>42400</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F4"/>
            </exerciseDate>
            <expirationDate>
                <value>2015-03-01</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>42400</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>42400</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Cash only Right</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0</value>
                <footnoteId id="F6"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2005-02-01</value>
                <footnoteId id="F5"/>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F5"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>0</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                    <footnoteId id="F5"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F5"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F5"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1653</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1653</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F5"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Deferred stock award granted pursuant to State Street Corporation 1997 Equity Incentive Plan.</footnote>
        <footnote id="F2">The reporting person indirectly beneficially owns 1,538 shares of State Street common stock through State Street Corporation's 401(k) plan, as of February 1, 2005. The plan accounts for interest in units of shares and a small amount of cash. As a result the number of underlying shares may fluctuate from time to time.</footnote>
        <footnote id="F3">Employee Stock option grant pursuant to State Street Corporation 1997 Equity Incentive Plan.</footnote>
        <footnote id="F4">Options become exercisable in 25% installments over a four-year period commencing on March 2, 2006.</footnote>
        <footnote id="F5">These rights, which represent the right to receive cash in an amount equal to the fair market value of the underlying common stock, had previously been reported in Table 1. They are held under State Street Corporation's 401(k) Restoration and Voluntary Deferral Plan, as of February 1, 2005, and will be settled upon reporting person's retirement.</footnote>
        <footnote id="F6">1-for-1</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Richard P. Jacobson, Attorney-in-fact</signatureName>
        <signatureDate>2005-03-04</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24.
<SEQUENCE>2
<FILENAME>rrd59304_67216.htm
<DESCRIPTION>POWER OF ATTORNEY
<TEXT>
<HTML>
<HEAD>
<TITLE>
rrd59304_67216.html
</TITLE>
</HEAD>
<BODY>
<PRE>
                                POWER OF ATTORNEY
                   For Executing Forms 3, 4 and 5 and Form 144

        Know all by these presents,  that the undersigned hereby constitutes and
appoints each of Simon Zornoza and Richard P. Jacobson  (signing  singly) as the
undersigned's true and lawful attorneys-in-fact to:

        (1)     execute   for  and  on  behalf  of  the   undersigned,   in  the
                undersigned's  capacity as an officer  and/or  director of State
                Street Corporation (the "Company"), Forms 3, 4 and 5 and/or Form
                144 in accordance with Section 16(a) of the Securities  Exchange
                Act of  1934  and  the  rules  thereunder  and  Rule  144 of the
                Securities Act of 1933, respectively;

        (2)     do and  perform  any  and all  acts  for  and on  behalf  of the
                undersigned  which may be necessary or desirable to complete the
                execution  of any such  Forms 3, 4 and 5 and Form 144 and timely
                file such form with the United  States  Securities  and Exchange
                Commission and any other authority; and

        (3)     take any other action of any type  whatsoever in connection with
                the foregoing  which,  in the opinion of such  attorney-in-fact,
                may be of  benefit  to,  in the best  interest  of,  or  legally
                required  by,  the  undersigned,  it being  understood  that the
                documents  executed  by such  attorney-in-fact  on behalf of the
                undersigned  pursuant to this Power of Attorney shall be in such
                form  and  shall  contain  such  terms  and  conditions  as such
                attorney-in-fact   may   approve   in  such   attorney-in-fact's
                discretion.

        The undersigned  hereby grants to each  attorney-in-fact  full power and
authority  to do and perform all and every act and thing  whatsoever  requisite,
necessary  and proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as the undersigned might or
could do if personally  present,  with full power of substitution or revocation,
hereby  ratifying  and  confirming  all  that  such  attorney-in-fact,  or  such
attorney-in-fact's  substitute or substitutes,  shall lawfully do or cause to be
done by virtue of this  power of  attorney  and the  rights  and  powers  herein
granted. The undersigned acknowledges that the foregoing  attorneys-in-fact,  in
serving in such  capacity at the request of the  undersigned,  are not assuming,
nor is the Company assuming, any of the undersigned's responsibilities to comply
with  Section  16 of the  Securities  Exchange  Act of 1934  or Rule  144 of the
Securities Act of 1933.

        This Power of Attorney  shall  remain in full force and effect until the
undersigned  is no longer  required  to file  Forms 3, 4 and 5 and Form 144 with
respect to the  undersigned's  holdings of and transactions in securities issued
by the Company,  unless earlier  revoked by the  undersigned in a signed writing
delivered to the foregoing attorneys-in-fact.

        IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to
be executed as of this 22nd day of February, 2005.


                                   /s/ Charles C. Cutrell, III
                                   ---------------------------------------------
                                   Charles C. Cutrell, III



</PRE>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
