| Business Summary | | State
Street
Corporation,
a
financial
holding
company,
provides
investment
services
and
management
through
its
subsidiary,
State
Street
Bank
and
Trust
Company.
The
Investment
Services
business
line
includes
accounting,
administration,
custody,
daily
pricing,
operations
outsourcing,
securities
lending,
foreign
exchange,
record
keeping,
deposit
and
short-term
investment
facilities,
lease
financing
and
information
services.
Management
Services
are
comprised
of
a
range
of
investment
management
strategies,
securities
lending,
specialized
investment
management
advisory
services
and
investment
management
and
other
financial
services.
Clients
include
mutual
funds
and
other
collective
investment
funds,
corporate
and
public
pension
funds,
investment
managers
and
others.
Services
are
provided
from
31
offices
in
the
United
States
and
numerous
other
offices
internationally. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | STT,
a
bank
holding
company
for
State
Street
Bank
and
Trust
Company,
provides
financial
asset
services,
investment
management
and
commercial
lending
services.
For
the
six
months
ended
6/01,
interest
income
rose
6%
to
$1.59
billion.
Net
interest
income
after
loan
prov.
rose
14%
to
$482
million.
Net
income
fell
3%
to
$288
million.
Net
interest
income
reflects
customer
growth
and
improved
spreads.
Earnings
were
offset
by
lower
management
fees
due
to
equity
portfolio's
declining
market
values. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| David Spina, 57 Chairman,
Pres, CEO | $1.5M | -- | Ronald Logue, 54 Vice
Chairman | 975K | $4.9M | John Towers, 57 Vice
Chairman | -- | -- | Ronald O'Kelley, 54 Exec.
VP, CFO and Treasurer | -- | -- | John Fiore, 48 Exec.
VP and CIO | -- | -- | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|