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Topic: State Street Bank and Trust Company


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In the News (Mon 21 Dec 09)

  
  Proposed Exemptions; State Street Bank and Trust [Notices] [10/02/1997]
State Street is a wholly-owned subsidiary of State Street Boston Corporation, a bank holding company organized in 1970 under the laws of the Commonwealth of Massachusetts.
State Street itself, however, acting through the SSB Group, is also a borrower of securities, and indeed acts in this capacity, after full disclosure and consent, with respect to many of GSL's institutional clients, such as public pension plans which are not covered by the Act.
As State Street will not be a party to the Primary Lending Agreement, it is represented that the sub-agency arrangement between GSL and the primary lending agent will obligate the primary lending agent to provide assurance that the primary lending agent was independent of the fiduciary of the Client Plan.
www.dol.gov /ebsa/regs/fedreg/notices/97_26072.htm   (9080 words)

  
 Comments of State Street Bank and Trust Company on S7-20-01
State Street believes that actively managed ETFs will be a valuable investment vehicle for both institutional and individual investors and encourages the SEC to grant the exemptive relief needed to facilitate the development of actively managed ETFs.
State Street does not believe that an investment manager of an actively managed ETF should be required to disclose intra-day changes in the portfolio.
State Street further asserts that actively managed ETFs should be permitted to invest in "unsold allotments" provided the fund does not violate Sections 12 and 17 of the Investment Company Act of 1940, as amended.
www.sec.gov /rules/concept/s72001/fleites1.htm   (3153 words)

  
 State Street Bank and Trust Company - Wikipedia, the free encyclopedia
The State Street Bank and Trust Company is a bank.
It was a subsidiary of the State Street Corporation, until it sold off the retail banking portion of this unit in 1999 to Citizens Financial Group (a subsidiary of the Royal Bank of Scotland), of Providence, RI.
The retail banking and commercial lending units were sold for $350 million.
en.wikipedia.org /wiki/State_Street_Bank_and_Trust_Company   (136 words)

  
 Sample Contracts - Indenture - Akamai Technologies Inc. and State Street Bank and Trust Co. - Competitive Intelligence ...
Upon surrender of a Note that is redeemed in part, the Company shall issue and the Trustee shall authenticate for the Holder at the expense of the Company a new Note equal in principal amount to the unredeemed portion of the Note surrendered.
The Company shall not, and shall not permit any Subsidiary to, conduct its business in a fashion that would cause the Company to be required to be registered as an "investment company" (as that term is defined in the Investment Company Act of 1940, as amended).
The payment to the Company described in the preceding sentence shall not be required if, during that period between a record date and the next interest payment date, a conversion occurs on or after the date that the Company has issued a redemption notice and prior to the date of redemption stated in such notice.
contracts.onecle.com /akamai/state.indenture.2000.06.20.shtml   (5749 words)

  
 AG Capital Funding Partners, L.P. v State St. Bank & Trust Co. (2005 NYSlipOp 08763)
State Street again served as the indenture trustee and thus was the secured party representative, as defined in the CTA and ASIRS.
In its third-party complaint, State Street asserts that in the event that it is found liable to the investors in the underlying proceeding, it may recover from the underwriters UBS and Salomon under four causes of action: negligence, common-law indemnity, contribution and unjust enrichment.
State Street argues that the aforementioned actions in conjunction with industry custom and practice demonstrate how any duty it may have owed to the investors or subsequent holders of the notes was assumed by UBS, Salomon and Thelen.
www.courts.state.ny.us /reporter/3dseries/2005/2005_08763.htm   (3502 words)

  
 Careers
State Street has earned its reputation as a world leader in the financial services industry by successfully meeting and exceeding the changing needs of our clients — some of the most sophisticated investors in the world — for more than 200 years.
State Street Global Advisors (SSgA), our investment management business, is one of the largest money managers in the world, creating investment strategies and integrated solutions for all asset classes and investment approaches.
Join State Street, a global leader in the financial services industry, and be part of an enterprise that is regularly recognized by numerous national publications and organizations for programs and resources that enhance our workplace.
www.statestreet.com /company/careers/careers_overview.html   (458 words)

  
 Company Fact Sheet
State Street Corporation is the world's leading financial services specialist focused on meeting the needs of sophisticated investors throughout Canada and the world.
State Street combines intellectual capital with a sophisticated array of products and services to set new performance standards, deliver optimum investment strategies and facilitate complex investment processes for our clients.
State Street Global Advisors' expertise extends across all asset classes, risk strategies and investment approaches — index equity, active equity (enhanced, quantitative and fundamental), fixed income, currency, absolute return, private equity and asset allocation.
www.statestreet.ca /company/company_information/fact_sheet.html   (478 words)

  
 State Street Bank & Trust Co. v. Signature Financial Group
State Street and Signature are companies, which, among other things, act as administrators and accounting agents of mutual funds.
State Street serves as the custodian and accounting agent for several multi-tiered fund complexes and had negotiated with Signature for a license for its patented data processing system.
State Street alleges that Signature's patent is not drawn to statutory subject matter under 35 U.S.C. ยง 101 because the invention claims an unpatentable mathematic algorithm as defined by established Supreme Court precedent.
www.kuesterlaw.com /saris.htm   (6999 words)

  
 AMVESCAP National Trust Company: Fund Research: Portfolio Manager Biography
State Street Bank and Trust Company, founded in 1792, is a wholly owned subsidiary of State Street Corporation.
State Street Corporation is a publicly traded bank holding company whose shares are traded on the New York Stock Exchange under the symbol "STT".
State Street Asset Management division, subsequently referred to as SsgA, was established in 1978 as the investment management division of State Street Bank & Trust Company.
www.irt.invesco.com /products/research/managers/ssga.html   (159 words)

  
 United Airlines ESOP Litigation Lawsuit
The court found that State Street did not have a duty to advise the ESOP committee to diversify plaintiffs’ stocks prior to the dramatic value decline in 2001 and 2002.
State Street was the one remaining defendant in this action after the partial settlement with the ESOP Committee Defendants.
The claims against State Street were added as a result of documents Hagens Berman obtained pursuant to a stipulation in the bankruptcy court between the ESOP Plaintiffs, the ESOP Committee, and UAL.
www.hagens-berman.com /united_airlines_esop_lawsuit   (2015 words)

  
 Bank History   (Site not responding. Last check: 2007-10-20)
State Street Bank and Trust Company was founded in 1890 by local businessmen who believed that a community bank would benefit the Quincy area.
The original bank location was on the Southeast corner of State and Eighth, which currently houses Sturhahn Jewelers.
The stately presence is a constant reminder that we reflect a strong, rich heritage of banking in Quincy.
www.statestreetbank.com /BankHistory.aspx   (215 words)

  
 FRBB: Bank Notes Vol. XXIX, No. 12
On November 1, Investors Fiduciary Trust Company, Kansas City, MO, a non-depository trust company, merged with State Street Bank & Trust Company, Boston, MA, under the charter and title of State Street Bank & Trust Company.
As of June 30, 1999, State Street Corp, Boston, MA, parent company of State Street Bank & Trust Company, had total deposits of $13 billion and ranked fourth among all commercial banking and thrift institutions in New England.
As of June 30, 2000, State Street Corp had total assets of $64.6 billion and ranked 20th among all bank holding companies in the United States.
www.bos.frb.org /economic/banknote/bn2000/bn1200.htm   (1563 words)

  
 State Street Bank & Trust Company v. Signature Financial Group, Inc. - Wikipedia, the free encyclopedia
The decision of July 23, 1998 of the United States Court of Appeals for the Federal Circuit in State Street Bank and Trust Company v.
Basically, since this decision, an invention is considered eligible for protection by a patent in the United States if it involves some practical application and "it produces a useful, concrete and tangible result."
That the invention described and claimed in the patent constituted protectible subject matter was affirmed by Court of Appeals for the Federal Circuit in July 1998.
en.wikipedia.org /wiki/State_Street_Bank_decision   (515 words)

  
 Press Release - State Street Global Advisors Launches Six New Exchange-Traded Funds
KBW’s only relationship to State Street Bank and Trust Company is the licensing of certain trademarks and tradenames of KBW and the KBW Regional Banking, Capital Markets, Bank and Insurance Index which is determined, composed and calculated by KBW without regard to State Street Bank and Trust Company, streetTRACKS or the Shares.
The KBW Regional Banking Index (KRX) is calculated as an equal market capitalization-weighted adjusted for float shares methodology and consists of 50 banking institutions.
KRX is a complement to the KBW Bank Index (BKX) which consists of the top 24 banks and thrifts in the United States.
pr.statestreet.com /us/en/2060622_1.html   (1182 words)

  
 Zions Bank: Corporate Trust Services   (Site not responding. Last check: 2007-10-20)
Prior to joining Zions, she was a Vice President in the Corporate Trust Department of State Street Bank and Trust Company for 15 years where she participated in the initial start up of the LA Corporate Trust Office.
Pathricia joined Zions Bank in January 2003 as a member of the initial team to launch the Los Angeles Corporate Trust office, bringing 5 years of experience to the department.
Prior to joining Zions, she was an Assistant Vice President and Manager of the Administration Unit in the Corporate Trust Division of State Street Bank and Trust Company.
www.zionsbank.com /trust_los_angeles_bios.jsp   (429 words)

  
 CitiStreet Online   (Site not responding. Last check: 2007-10-20)
State Street is a leading provider of information services, custody, securities lending, investment management, cash management and record keeping services for institutional investors worldwide.
State Street serves pension funds, insurance and investment companies, mutual funds, endowments and foundations.
CitiStreet is a State Street and Citigroup company.
www.citistreetonline.com /com/com_frm_main.asp?lvl=1-4-0-0   (317 words)

  
 Association of Global Custodians
The Association of Global Custodians is an informal group of 10 global custodian banks that are major providers of securities custody and trade settlement services to institutional investors worldwide.
Established in 1997, the Association primarily seeks to address regulatory and market structure issues that are of common interest to global custody banks.
The member banks are competitors, and the Association does not involve itself in member commercial activities or take positions on how members should conduct their custody businesses.
www.theagc.com /index.htm   (79 words)

  
 Preview | Medium-Term Note (Series B) | State Street Bank and Trust Company of California, N.A.; amb property lp
Unless the Holder of this Note is notified otherwise, the place where notices or demands to or upon the Operating Partnership in respect of this Note and the Indenture may be served shall be the Corporate Trust Office of the Trustee at 100 Wall Street, Suite 1600, New York, New York 10005.
The Operating Partnership will pay any administrative costs imposed by banks in connection with sending payments by wire transfer, but any tax, assessment or governmental charge imposed upon payments will be borne by the Holders of the Notes in respect of which payments are made.
Reference is hereby made to the further provisions of this Note set forth on the reverse hereof and, if so specified on the face hereof, in the Addendum hereto, which further provisions shall for all purposes have the same force and effect as though fully set forth on the face hereof.
library.consusgroup.com /library_pvw/172/172993.asp   (570 words)

  
 State Street Global Advisors - KBW Landing Page
Shares of the streetTRACKS funds are not insured by the FDIC or by another governmental agency; they are not obligations of the FDIC nor are they deposits or obligations of or guaranteed by State Street Bank and Trust Company.
KBW's only relationship to State Street Bank and Trust Company, through its State Street Global Advisors division is the licensing of certain trademarks and trade names of KBW and of the KBW Indices which are determined, composed and calculated by KBW without regard to State Street Bank and Trust Company, the Fund, or the Shares.
KBW has no obligation to take the needs of State Street Bank and Trust Company or the owners of the Shares into consideration in determining, composing or calculating the KBW Indices.
www.ssgafunds.com /etf/kbw.html   (551 words)

  
 FRBB: Bank Notes Vol. XXVIII, No. 8
As of June 30, 1998, Andover Bancorp, Inc., parent company of Andover Bank New Hampshire and Andover Bank, had total deposits of $78.8 million and ranked 28th among all commercial banking and thrift institutions in New Hampshire.
On July 15, State Street Bank and Trust Company, Boston, MA, entered into alliance with the Development Bank of Singapore Ltd. (DBS) to provide services to the unit trust marketplace in Singapore.
On July 1, the Federal Reserve Board of Governors (Fed) issued a supervisory letter to emphasize the growing need for large and complex banking organizations to maintain strong internal processes to guarantee that their capital is fully sufficient to support the underlying risks they face as well as to meet minimum regulatory requirements.
www.bos.frb.org /economic/banknote/bn1999/bn0899.htm   (1046 words)

  
 NYSE Group, Inc. > About NYSE Group > Listed Companies > Listed Company Directory State Street Corp.
State Street Corporation (State Street) is a financial holding company.
Through its banking subsidiary, State Street Bank and Trust Company (the Bank), it operates in two business: Investment Servicing and Investment Management.
The Company operates in the United Stats, Australia, Austria, Belgium, Canada, Cayman Islands, Chile, France, Germany, India, Ireland, Italy, Japan, Luxembourg, Mauritius, Netherlands, New Zealand, China, Singapore, South Africa, South Korea, Switzerland, Taiwan, Thailand, United Arab Emirates and the United Kingdom.
www.nyse.com /listed/stt.html   (148 words)

  
 Sample Contracts - CA-San Francisco-44 Montgomery Street Lease - State Street Bank and Trust Co., Telephone Real Estate ...
This Lease shall be governed by, and construed in ------------- accordance with, the laws of the State of California.
In addition, Tenant hereby submits to local jurisdiction in the State of California and agrees that any action by Tenant against Landlord shall be instituted in the State of California and that Landlord -35- shall have personal jurisdiction over Tenant for any action brought by Landlord against Tenant in the State of California.
Landlord shall permit Tenant to receive such service directly from such utility company at Tenant's cost (except as otherwise provided herein) and shall permit Landlord's wire and conduits, to the extent available, suitable and safely capable, to be used for such purposes.
contracts.onecle.com /icg/montgomery.lease.1996.09.20.shtml   (7484 words)

  
 American State Bank & Trust Company, N.A.
WELCOME TO AMERICAN STATE BANK and TRUST COMPANY, N.A. Locally owned, locally managed and locally based, American State Bank offers full service commercial, agricultural and household banking the way you want it.
Regardless of your banking need, we can provide it, and more importantly, we'll design it especially for you.
With our internet banking services, you can access your business or household accounts and records, and pay bills online, 24 hours a day, 7 days a week.
www.americanstatebankna.com   (177 words)

  
 Preview | Investment Advisor Agreement | State Street Bank and Trust Company; Pacific Investment Management Company ...
This INVESTMENT ADVISOR AGREEMENT (the Agreement) is effective as of June 1, 2004 by and between STATE STREET BANK AND TRUST COMPANY, a trust company organized under the laws of the Commonwealth of Massachusetts (State Street), and PACIFIC INVESTMENT MANAGEMENT COMPANY LLC (the Advisor).
WHEREAS, the Fund is established under a group trust maintained by the Trustee and is exempt from tax pursuant to Revenue Ruling 81-100;
The Advisor represents that it is registered, or exempt from registration, under the Investment Advisers Act of 1940, as amended (the Advisers Act), and that it is in the business of acting as a fiduciary with respect to assets of various retirement plans and trusts.
library.consusgroup.com /library_pvw/197/197675.asp   (430 words)

  
 Section 100-305 Ord. 16057; Execution of an Escrow Agreement w/State Street Bank and Trust Company of Missouri, N.A.; ...   (Site not responding. Last check: 2007-10-20)
authorizing execution of an escrow agreement with State Street Bank and Trust Company of Missouri, N.A.; authorizing the purchase and deposit of government securities to provide for payment of a portion of the City of Columbia General Obligation Refunding Bonds, Series 1992; and fixing the time when this ordinance shall become effective.
The City Manager is authorized to execute an escrow trust agreement with State Street Bank and Trust Company of Missouri, N.A. The form and content of the agreement shall be substantially as set forth in “Exhibit A” which is attached to and made a part of this agreement.
The City Manager is authorized and directed to have the United States Government Securities described in Schedule II of Exhibit A purchased for deposit in the escrow fund established by Exhibit A to pay the principal and interest on the Defeased Series 1992 Bonds described in Exhibit A.
www.gocolumbiamo.com /Council/Final_Ordinances/Series_100/305.html   (200 words)

  
 Presentation by State Street Bank and Trust Company on Custodial Services Provided to the PSF   (Site not responding. Last check: 2007-10-20)
SUMMARY: This item provides an opportunity for State Street Bank and Trust Company to review the custodial services provided to the Permanent School Fund.
The master trust custodian maintains custody of all securities owned by the Permanent School Fund.
FISCAL IMPACT: The master trust custodian is paid approximately $3,500,000 per year under the terms of the contract entered into between the State Board of Education and the master trust custodian.
www.tea.state.tx.us /sboe/schedule/0901/statestreet.html   (229 words)

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