State Street Corporation · NYSE:STT
State Street — Q1 2009 Earnings Presentation
6 slides from State Street's earnings presentation, Apr 21, 2009
Slide 1: Capital Structure
Capital Structure As of March 31, 2009 April 21, 2009
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements as defined by United States securities laws, including statements about our goals and expectations regarding our business, financial condition, results of operations and strategies, the financial and market outlook, gov
Slide 3: Capital Structure: Position as of 3/31/09
Capital Structure POSITION AS OF 3/31/09 All ratios exclude $740M of AMLF-related investment securities. Tangible common equity ratios exclude $30.0B of Federal Reserve and other central bank deposits in excess of required reserves. *The estimated pro forma impact to State Street Corporation’s preli
Slide 4: Historical Capital Ratios
Capital Structure - Historical Capital Ratios (1)Tier-1 capital/adjusted average assets. (2)Tier-1 capital/risk-weighted assets. (3)TCE + TARP /adjusted tangible assets. (4)TCE/adjusted tangible assets (excludes deferred tax liability of $540M). (5)The estimated pro forma impact to State Street Corp
Slide 5: TCE Improvement Plan
Capital Structure - TCE Improvement Plan (1)TCE/adjusted tangible assets (excludes deferred tax liability of $540M). (2)The estimated pro forma impact to State Street Corporation’s TCE assumes: All four State Street-sponsored unconsolidated conduits, with combined assets of approximately $22.5B at M
Slide 6: Pro Forma Ratios as of March 31, 2009
Capital Structure - Pro Forma Ratios AS OF MARCH 31, 2009 (1)Pro forma common equity is reduced by the after-tax unrealized loss on the conduits’ assets of approximately $3.6B. (2) Regulatory capital is reduced by the unrealized loss of approximately $3.6B and the disallowed deferred tax asset that