State Street Bank and Trust Company in Boston, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • State Street Bank and Trust Company in Boston, Massachusetts (MA)
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State Street Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 14
    Status: Active
    Federal Reserve ID: 35301
    Bank Holding Company (Regulatory Top Holder): State Street Corporation (RSSDID: 1111435, Location: Boston, MA)
    Date Established: January 01, 1792
    WWW: http://www.statestreet.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 1, Foreign: 1, Interstate: No)
    OTS Docket #: 14278
    FDIC's unique #: 6
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: Yes
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization > 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: May 18, 2009
    Last Structure Change Process Date: June 22, 2011
    Last Data Update: June 22, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1 Lincoln St. Fl 1, Boston, MA 2111
    County: Suffolk
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: South Boston
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Boston, MA-NH (#1120)
    Consolidated Metropolitan Statistical Area (CMSA): Boston-Worcester-Lawrence, MA-NH-ME-CT (#7)
    Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
    Core Based Statistical Area (CBSA): Boston-Cambridge-Quincy, MA-NH (#14460)
    CBSA Metro Statistical Area: Boston-Cambridge-Quincy, MA-NH (#14460)
    Core Based Statistical Division: Boston-Quincy, MA (#14484)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $212,292.9 mil
    Equity capital: $18,494.5 mil
    Deposits held in domestic offices: $66,318.9 mil
    Return on assets (ROA): 0.96% ($2,038.0 mil)
    Quarterly return on assets: 0.64% ($1,358.7 mil)
    Return on Equity (ROE): 9.89% ($1,829.1 mil)
    Quarterly return on equity: 7.19% ($1,329.7 mil)
    Net income: $1,772.9 mil
    Quarterly Net income: $332.5 mil
    Pretax return on assets: 1.31% ($2,781,037.5 mil)
    Quarterly Pretax return on assets: 1.09% ($2,313,993.1 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 27,523Total employees (full-time equivalent)
  • $212,292,942Total assets
  • $60,496,516Cash and due from depository institutions
  • $58,625,637Interest-bearing balances
  • $108,669,099Securities
  • $7,045,136Federal funds sold & reverse repurchase agreements
  • $10,113,125Net loans & leases
  • $22,115Loan loss allowance
  • $6,740,260Trading account assets
  • $747,898Bank premises and fixed assets
  • $75,146Other real estate owned
  • $7,649,327Goodwill and other intangibles
  • $212,292,942Life insurance assets
  • $10,756,435All other assets
  • $193,568,478Total liabilities and capital
  • $162,720,947Total liabilities
  • $103,227,847Total deposits
  • $66,318,866Interest-bearing deposits
  • $37Deposits held in domestic offices
  • 8832974.00%% insured (estimated)
  • $6,396,182Federal funds purchased & repurchase agreements
  • $3,048,841Trading liabilities
  • $1,618,145Other borrowed funds
  • $10,951,389Subordinated debt
  • $18,724,464All other liabilities
  • $18,494,464Total equity capital
  • $18,494,464Total bank equity capital
  • $0Perpetual preferred stock
  • $29,931Common stock
  • $10,121,855Surplus
  • $8,342,678Undivided profits
  • Memoranda
  • $230,000Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,835Income earned, not collected on loans
  • $0Earning assets
  • $369,228Long-term assets (5+ years)
  • $184,951,084Average Assets, year-to-date
  • $37,811,201Average Assets, quarterly
  • $184,690,533Volatile liabilities
  • $207,891,529Insider loans
  • $69,378,524FHLB advances
  • $183,086,113Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,223,512Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $22,942,647Restructured Loans and leases
  • $0Derivatives
  • $52,195,059Total assets and liabilities in foreign offices

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,947,219Total interest income
  • $411,274Total interest expense
  • $2,535,945Net interest income
  • $907Provision for loan and lease losses
  • $6,283,073Total noninterest income
  • $4,442,950Fiduciary activities
  • $1,825Service charges on deposit accounts
  • $674,655Trading account gains & fees
  • $1,163,643Additional noninterest income
  • $6,471,909Total noninterest expense
  • $3,462,501Salaries and employee benefits
  • $1,072,145Premises and equipment expense
  • $1,937,263Additional noninterest expense
  • $2,346,202Pre-tax net operating income
  • $65,934Securities gains (losses)
  • $639,188Applicable income taxes
  • $1,772,948Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,772,948Net income attributable to bank
  • $0Net charge-offs
  • $1,772,948Cash dividends
  • $77,747Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 1.91%Yield on earning assets
  • 0.27%Cost of funding earning assets
  • 1.65%Net interest margin
  • 4.08%Noninterest income to earning assets
  • 4.20%Noninterest expense to earning assets
  • 0.93%Net operating income to assets
  • 0.96%Return on assets (ROA)
  • 1.31%Pretax return on assets
  • 9.89%Return on equity (ROE)
  • 9.89%Retained earnings to average equity (YTD only)
  • 0.65%Net charge-offs to loans
  • 1.17%Credit loss provision to net charge-offs
  • 30.19%Efficiency ratio
  • 71,372Assets per employee
  • 7.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.22%Loss allowance to noncurrent loans
  • 457.39%Noncurrent assets plus other real estate owned to assets
  • 0.04%Noncurrent loans to loans
  • 0.05%Net loans and leases to deposits
  • 6.22%Net loans and leases to core deposits
  • 16.86%Equity capital to assets
  • 8.71%Core capital (leverage) ratio
  • 6.68%Tier 1 risk-based capital ratio
  • 17.62%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $184,690,533Average earning assets
  • $17,933,457Average equity
  • $153,993,363Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $4,887,604,273Managed Assets
  • 1Number of Accounts
  • $968,453,921Personal trust and agency accounts
  • $3,477,021Employee benefit-defined contribution accounts
  • $197,726,527Employee benefit-defined benefit accounts
  • $417,689,611Other retirement accounts
  • $126,169,786Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $184,428,501Other fiduciary accounts
  • $32,771,949Fiduciary accounts held in foreign offices
  • $6,190,526Non-managed Assets
  • 2184623Number of Accounts
  • $9,649,608Personal trust and agency accounts
  • $11,220,840Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $3,919,150,352Other retirement accounts
  • $45,062,350Corporate trust and agency accounts
  • $568,317,413Other fiduciary accounts
  • $688,608,468Fiduciary accounts held in foreign offices

List of branches

  • 1 Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    22180776Cayman Branch (Frgn)Po Box 501, Grand Cayman, 0April 22, 1969Full Service Brick and Mortar
  • 1 Massachusetts Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06State Street Bank And Trust Company1 Lincoln St. Fl 1, Boston, MA 2111January 01, 1792Full Service Brick and Mortar

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