exhibit1015descriptionof






                                 DESCRIPTION OF COMPENSATION ARRANGEMENTS                                        FOR NON-EMPLOYEE DIRECTORS         For the period between each annual meeting  of shareholders (the “Board Year”), non-employee directors    receive the following compensation:         • an annual equity award of $195,000 granted in shares of State Street common stock; and        • an annual retainer of $90,000, plus the following additional annual retainers:                •  Lead Director: $125,000;                •  Examining and Audit Committee Chair and Risk Committee Chair: $30,000;                 •  Executive Compensation Committee Chair: $25,000;                 •  Nominating  and  Corporate Governance  Committee   Chair  and Technology Committee  Chair:                    $20,000; and                 •  Each member of the Examining and Audit Committee and each member of the Risk Committee,                   other than the Chairs: $20,000.         Each retainer is payable at the director’s election in shares of State Street common stock or in cash. All   awards of  shares of State Street common stock are calculated based on the closing price of our common stock on   the NYSE   on the date of election (or the date of joining the Board, if later), rounded up to the nearest whole   share. Annual  retainers and annual equity awards  are prorated for any director joining the Board after the   beginning of the Board Year.        Beginning with the eleventh Board meeting attended during the Board Year, each non-employee director is   entitled to meeting fees of $1,500 per Board meeting attended, payable in cash.        Pursuant to State Street’s Deferred Compensation Plan for Directors, directors may elect to defer the receipt   of 0% or 100% of their (1) annual equity award, (2) retainers or (3) meeting fees. Directors who elect to defer the   cash payment  of their retainers or meeting fees may choose from four notional investment fund returns for such   deferred cash. Deferrals of shares  of State Street common   stock  are adjusted to reflect the hypothetical   reinvestment in additional shares of State Street common stock for any dividends or distributions on State Street   common   stock. Deferred amounts will be paid (a) as elected by the director, on either the date of the director’s   termination of service on the Board or on the earlier of such termination and a future date specified, and (b) in the   form elected by the director as either a lump sum or in installments over a two- to five-year period.        Non-employee  directors are also entitled to reimbursement of expenses incurred as a result of attending   Board and committee meetings.    Non-Executive Chairman Compensation          For Mr.  Hooley’s 2019 service  as  a director  and  Chairman, he will  receive a $250,000  cash retainer  and  a   $250,000 equity award. The cash retainer will be payable on January 2, 2019, and the equity award will be made in   shares of State Street common stock on the date of State Street’s 2019 annual meeting of shareholders based on   the closing price of State Street’s common stock on the New York Stock Exchange on that date. The equity award   is  subject  to  Mr.  Hooley’s  re-election  to  the  Board  at  the  2019  annual  meeting.  Mr.  Hooley’s  2019  director   compensation  will  be  eligible for  deferral  under  State Street’s  Deferred  Compensation  Plan  for  Directors. He  will   serve as Chairman until December 31, 2019.