State Street Bank and Trust Company

Template:Short description {{#invoke:Infobox|infobox}}Template:Template otherTemplate:Main other{{#invoke:Check for clobbered parameters|check|nested=1|template=Infobox company|cat=Template:Main other|name; company_name|logo; company_logo|logo_alt; alt|trade_name; trading_name|former_names; former_name|type; company_type|predecessors; predecessor|successors; successor|foundation; founded|founders; founder|defunct; dissolved|hq_location; location|hq_location_city; location_city|hq_location_country; location_country|num_locations; locations|areas_served; area_served|net_income; profit|net_income_year; profit_year|owners; owner |homepage; website }}{{#invoke:Check for unknown parameters|check|unknown=Template:Main other|preview=Page using Template:Infobox company with unknown parameter "_VALUE_" | ignoreblank=y | alt | area_served | areas_served | assets | assets_year | aum | brands | company_logo | company_name | company_type | defunct | dissolved | divisions | embed | equity | equity_year | fate | footnotes | headquarters | former_name | former_names | foundation | founded | founder | founders | genre | homepage | hq_location | hq_location_city | hq_location_country | incorporated | image | image_alt | image_caption | image_size | image_upright | income_year | industry | ISIN | key_people | location | location_city | location_country | locations | logo | logo_alt | logo_caption | logo_class | logo_size | logo_upright | members | members_year | module | name | native_name | native_name_lang | net_income | net_income_year | num_employees | num_employees_year | num_locations | num_locations_year | operating_income | owner | owners | parent | predecessor | predecessors | production | production_year | products | profit | profit_year | rating | ratio | revenue | revenue_year | romanized_name | services | subsid | subsidiaries | successor | successors | traded_as | trade_name | trading_name | type | website| qid | fetchwikidata | suppressfields | noicon | nocat | demo | categories }}State Street Bank and Trust Company (SSBT), commonly known as State Street Global Services, is a subsidiary of State Street Corporation organized as a trust company based in Massachusetts. The company is the largest custodian bank in the world and specializes in providing institutional investors, such as mutual funds, with clearing, settlement and payment services.

History

SSBT used to provide retail banking and commercial lending products until it sold off the division in 1999 to Citizens Financial Group, of Providence, Rhode Island. The retail banking and commercial lending units were sold for $350 million.<ref>Template:Cite news</ref>

Operations

SSBT is the largest custodian bank in the world<ref name="Forbes1">Template:Cite magazine</ref><ref name="GCust">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> with Template:USD of assets under custody and administration Template:As of.<ref name=":0">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> The company provides securities services such as clearing, settlement and payment services to entities such as institutional investors.<ref name=":0" /> Other services provided include custody, accounting, financial reporting, investor services, analytics, transaction management, recordkeeping, brokerage, and loans financing.<ref name=":0" />

SSBT is the parent company of State Street Global Advisors Trust Company, the operating company of State Street Global Advisors (SSGA), a leading registered investment advisor.<ref name=":0" /> The State Street Global Advisors Trust Company serves as an trustee for SSGA's US unregistered collective and common trust funds, some SSGA sponsored ETFs including the SPDR S&P 500 ETF Trust, and separately managed accounts.<ref name=":0" /> As a whole, SSBT is the principal operating company within its parent company State Street Corporation.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

Historical data

State Street Bank and Trust Company was the tenth largest bank at the end of 2008 as an individual bank (not including subsidiaries).<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

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  Asset & liability
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  Asset/Liability ratio
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  Net income

See also

• State Street Bank v. Signature Financial Group (1998 U.S. patent law decision)