State Street Corporation · NYSE:STT
State Street — Earnings Presentation (January 2012)
7 slides from State Street's earnings presentation, Jan 18, 2012
Slide 1: Investment Portfolio As of December 31, 2011
Investment Portfolio As of December 31, 2011
Slide 2: Assets: Investment Portfolio (Period End 12/31/11)
Investment Portfolio ASSETS: INVESTMENT PORTFOLIO (PERIOD END 12/31/11) Government/Agency Structured Securities Unsecured Credit Treasuries Agency debentures Agency mortgages Small Business Administration loans OECD governments FFELP Student Loans $52 billion Asset-backed securities (ABS) Mortgage-b
Slide 3: Investment Portfolio Detail (Period End 12/31/11)
Investment Portfolio INVESTMENT PORTFOLIO DETAIL (PERIOD END 12/31/11) 89.2% AAA / AA rated Constructed to perform well through periods of economic weakness Unrealized after-tax available for sale (AFS) & held to maturity (HTM) mark to market (MTM) loss = $(0.374)B(1) Assets selected using rigorous
Slide 4: Holdings by Asset Class
Investment Portfolio HOLDINGS BY ASSET CLASS (PERIOD END 12/31/11) Investment Ratings (1) UST/AGY AAA AA A BBB <BBB Not Rated Book Value ($B) Book Value (% Total) Unrealized After-tax MTM Gain/(Loss) ($M) Fixed Rate/Floating Rate Government/Agency securities 46% 54% — — — — — 6.1 5.5 24 82% / 18% As
Slide 5: Asset-Backed Securities Holdings
Investment Portfolio ASSET-BACKED SECURITIES HOLDINGS (PERIOD END 12/31/11) Investment Ratings (1) UST/AGY AAA AA A BBB <BBB Not Rated Book Value ($B) Book Value (% Total) Unrealized After-tax MTM Gain/(Loss) ($M) Student Loans — 66% 31% 2% 1% — — 17.2 32.0 (401) Credit Cards — 98% — 1% 1% — — 12.0
Slide 6: Mortgage-Backed Securities Holdings
Investment Portfolio MORTGAGE-BACKED SECURITIES HOLDINGS (PERIOD END 12/31/11) Investment Ratings (1) UST/AGY AAA AA A BBB <BBB Not Rated Book Value ($B) Book Value (% Total) Unrealized Aftertax MTM Gain/(Loss) ($M) Agency MBS 100% — — — — — — 29.7 79.4 329 Non-Agency MBS — 34% 5% 22% 8% 31% — 2.9 7
Slide 7: Non-US Investment Summary (Period End 12/31/11)
Investment Portfolio NON-US INVESTMENT SUMMARY (PERIOD END 12/31/11) Non-US Investments: Ratings AA 7.4% A 9.3% BBB 2.0% BB 0.8% <BB 0.1% NR 0.0% AAA 80.4% Non-US Investments: Asset Class ABS: All Other 18.7% CMBS 0.1% Corp 5.1% Cov'd 0.2% Gov't/Agency 12.9% ABS: FRMBS 63.0% December 31, 2011 Book V