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Are you familiar with State Street Bank? You should be!

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seemslikeadream Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-12-06 12:05 AM
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Are you familiar with State Street Bank? You should be!
The Great American Cockroach Check

No. 1 provider of U.S. mutual fund, custody and accounting services
No. 1 servicer of U.S. pension plans
No. 1 investment manager of U.S. tax-exempt assets
No. 2 investment manager overall in the world
Largest custodian worldwide
Largest investment manager of institutional assets worldwide
Leading offshore fund service provider worldwide
Leading provider of securities finance services worldwide
28 consecutive years of operating-basis EPS growth
Operating-basis earnings per share growth of 13% compounded annually over the 10 years 1995-2005
Assets under custody of $10.7 trillion as of March 31, 2006
Assets under management of $1.5 trillion as of March 31, 2006
Corporate headquarters are located in Boston, Massachusetts
Founded in 1792
Operations in more than 26 countries
Global network spanning more than 100 markets
More than 21,000 employees worldwide
NYSE ticker symbol: STT

2003 State Street successfully completes its acquisition of substantial parts of Deutsche Bank's Global Securities Services (GSS) businesses and gains important strategic benefits, including a broadened global client base, leadership in the high-growth European market and considerable economies of scale. And, over 3,000 Deutsche Bank staff members around the world join as State Street employees.
2001 David A. Spina takes over as State Street's chairman and CEO, following the retirement of Marshall N. Carter. Mr. Spina is a veteran of State Street, having joined the company in 1969 and previously serving as chief operating officer, chief financial officer and treasurer, vice chairman and president. With the release of its 2001 financial results, State Street announces 24 consecutive years of double-digit operating EPS growth a distinction that few U.S. companies can claim.
1999 State Street's total assets under custody grow to $6 trillion, while assets under management exceed $600 billion.
1991 State Street's assets under custody surpass $1 trillion, and in 1992 assets under management reach $100 billion.

1982 The company continues its global expansion, opening its first Asian office in Hong Kong. Over the next decade, State Street will add offices in Belgium, Australia, Japan, Luxembourg, Canada, France and New Zealand.
1978 The State Street Plan is written to establish the company's long-term vision. It proclaims State Street's commitment to being a quality institution for all of its constituencies: clients, employees, stockholders and communities.
1977 With the establishment of the State Street Foundation, the company takes a leadership role in community development, improving local schools and increasing the availability of affordable housing through the founding of the Boston Compact and Boston Housing Partnership. Both organizations are considered models for public-private partnerships in the United States.

1961 State Street Bank and Trust Company the legal entity under which State Street does business today is formed by the merger of the Rockland-Atlas National Bank and the Second Bank-State Street Trust Company.
1933 During the Depression, the Federal Reserve Bank would occasionally declare bank holidays to prevent runs on banks. On one such holiday, only State Street Trust Company keeps its door open, to demonstrate financial stability and commitment to our customers.
1924 State Street is named custodian of the first U.S. mutual fund. The company never relinquishes its leadership role in servicing the nation's mutual fund companies, and today is the largest U.S. mutual fund custodian, with responsibility for more than 40% of the industry's funds.

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seemslikeadream Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-12-06 08:51 AM
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1. kick
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mainegreen Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-12-06 09:33 AM
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2. Are these the people who lost 6 of 9 billion in bonds in like a week?
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Laurab Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-12-06 09:56 AM
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3. K & R
I love the rolling sentence at the top!
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