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Overview / Commentary
617-786-3000
1 Lincoln St. Fl 1
Boston, MA 02111

State Street Bank and Trust Company is headquartered in Boston and is the largest bank in the state of Massachusetts. It is also the 8th largest bank in the nation. It was established in 1792 and as of March of 2014, it had grown to 27,044 employees at 1 location. State Street Bank and Trust Company has a A health rating.

Reviews (1)

Retirement Account

If you want your money from your account be prepared as they will act as if it is their money. You will need to eat, go to the bathroom and have a lot of minutes on the phone before you call. Expect to be redirected and hung up on and have to call back after listening to endless music.



Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 State Street Bank and Trust Company had $59.94 million in non-current loans and owned real-estate with $20.05 billion in equity and loan loss allowances on hand to cover it. This gives State Street Bank and Trust Company a Texas Ratio of 0.30% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for State Street Bank and Trust Company experienced no significant changes from 0.29% as of March 31, 2013 to 0.30% as of March 31, 2014, resulting in a negative change of 3.58%. This indicates that the balance sheet and financial strength for State Street Bank and Trust Company has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, State Street Bank and Trust Company has increased its total deposits by $41.01 billion, resulting in 25.75% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth State Street Bank and Trust Company has shown is excellent.

Capitalization

GRADE:
C-

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. State Street Bank and Trust Company has $252.49 billion in assets with $20.05 billion in equity, resulting in a capitalization level of 7.94%, which is below average.

Institution Statistics

Overall
FDIC Certificate #14
Year Established1792
Employees27044
Primary RegulatorFED
Assets and Liabilities
Assets$252.49 billion
Loans$16.14 billion
Deposits$200.26 billion
Equity Capital$20.02 billion
Loan Loss Allowance$30.02 million
Unbacked Noncurrent Loans$35,000
Real Estate Owned$59.90 million
Historic Data - March 2013
Assets$214.10 billion
Equity Capital$19.52 billion
Loan Loss Allowance$21.60 million
Unbacked Noncurrent Loans$35,000
Real Estate Owned$56.37 million
Profit Margin - Quarterly
Net Interest Margin1.15%
Return on Assets0.57%
Return on Equity7.05%
Interest Income$667.86 million
Rates

Sorry, we do not have rate data for State Street Bank and Trust Company

Locations


State Street Bank and Trust Company Locations
State Street Bank and Trust Company1 Lincoln St. Fl 1Boston, MA 2111