State Street Launches New Reporting and Analytics Solution to Meet GASB 67 Requirements

  State Street Launches New Reporting and Analytics Solution to Meet GASB 67
  Requirements

Offering Delivers US Public Funds a Comprehensive Performance Reporting

Business Wire

BOSTON -- June 13, 2014

State Street Corporation (NYSE: STT) announced today the launch of GASB 67
Performance Reporting. The new performance functionality is designed to help
US public funds meet the GASB 67 performance requirements which become
effective after June 15, 2014 and intend to enhance pension plan financial
reporting by standardizing greater accountability and transparency related to
pension plan finances.

In order to meet the new requirements, plan sponsors will have to make
significant changes to the timing and methods used to calculate plan
liabilities and expenses. State Street’s GASB 67 Performance Reporting
solution helps our clients meet these challenges and includes easy access to
information through a performance dashboard with interactive views and
analytics such as:

  *Annual money-weighted rates of return, net of pension plan investment
    expenses
  *Historical annual money-weighted rates of return to support retroactive
    analysis
  *Comprehensive multi-period performance reporting solution on both an
    annualized and cumulative basis

“As the regulatory environment evolves, our clients must continually adapt
their strategies on multiple fronts,” said Mark Schafer, senior vice president
at State Street. “We are focused on leveraging our cutting edge reporting and
web-based delivery tools to help our clients not only comply with new
requirements, but also enrich their portfolio perspective.”

As of March 31, 2014 State Street services public fund clients with assets
under custody and administration totaling over $2 trillion.

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world's leading providers
of financial services to institutional investors including investment
servicing, investment management and investment research and trading. With
$27.5 trillion in assets under custody and administration and $2.4 trillion*
in assets under management as of March 31, 2014, State Street operates in more
than 100 geographic markets worldwide, including the U.S., Canada, Europe, the
Middle East and Asia. For more information, visit State Street’s web site at
www.statestreet.com.

* Assets under management include the assets of the SPDR® Gold ETF
(approximately $34 billion as of March 31, 2014), for which State Street
Global Markets, LLC, an affiliate of SSgA, serves as the distribution agent.

CORP-1042

Contact:

State Street Corporation
Anne McNally, +1 617-664-8576
aemcnally@statestreet.com
@StateStreet
 
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