State Street provides a full range of products and services for portfolios of investment assets. State Street focuses its services on institutional investors and investment management. Its customers include mutual funds and other collective investment funds, corporate and public pension funds, corporations, unions and not-for-profit organizations.

State Street employs over 20,000 people in more than 25 countries, more than one third of whom work in IT. State Street's Global Link platform is used by financial institutions all over the world to transfer funds and track capital flows.

State Street Corporation has been in business since 1792 and is one of the oldest companies in the United States.

State Street Bank & Trust Co. v. Signature Financial Group, Inc. is the landmark case in which the Washington, DC Court of Appeals ruled (July 23, 1998) that a computer algorithm can be patented to the extent that it produces "a useful, concrete and tangible result".

On February 5, 2007, State Street announced the $4.5 Billion acquisition of Investors Financial Services Corporation. The deal is expected to close in the third quarter of 2007 and will result in the 2nd largest custodian bank in the world, providing custody services for $14.1 trillion of assets.

Industry Leadership

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 institutional assets worldwide
No. 1 investment manager of U.S. institutional tax-exempt assets
No. 4 assets under management worldwide
Leading custodian worldwide
Leading offshore fund service provider worldwide
Leading provider of securities finance services worldwide
29 consecutive years of operating-basis EPS growth
IOperating-basis earnings per share growth of 14% compounded annually over the 10 years 1996-2006
Assets under custody of $11.9 trillion as of December 31, 2006
Assets under management of $1.7 trillion as of December 31, 2006

Office locations

State Street Corporation has offices around the world, including, but not limited to, space in the following buildings:

State Street Financial Center, Boston, Massachusetts
One Federal Street, Boston, Massachusetts
Lafayette Corporate Center, Boston, Massachusetts
Two World Financial Center, New York, New York
International Finance Centre, Hong Kong
One Canada Square, London, United Kingdom
State Street Financial Centre, Toronto, Canada
801 Pennsylvania, Kansas City, Missouri
200 Newport Ave, Quincy, Massachusetts
105 Rosemont Rd, Westwood, Massachusetts
22 Saint Cyprians Place, Roxbury Crossing
Guild House, Guild Street, IFSC, Dublin 1, Ireland
Shiroyama Trust Tower (formerly called Shiroyama Hills), Tokyo, Japan
(In May/June 2007, the Tokyo office will move to the new Tokyo Midtown Tower in Roppongi)

Holdings

State Street Bank and Trust Company
International Fund Services
State Street Global Advisors
Boston Financial Data Services