Line of Business Information

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Line of Business Information

Line of Business Information

We have two lines of business: Investment Servicing and Investment Management. Given our services and management organization, the results of operations for these lines of business are not necessarily comparable with those of other companies, including companies in the financial services industry. Information about our two lines of business, as well as revenues, expenses and capital allocation methodologies associated with them, is provided in note 25 to the consolidated financial statements included in our 2013 Form 10-K.

The following tables provide a summary of our line-of-business results for the periods indicated. The “Other” column for three and six months endedJune 30, 2014 included severance costs associated with staff reductions of $4 million and $76 million, respectively, as well as net acquisition and restructuring costs of $28 million and $61 million, respectively. In addition, the six months endedJune 30, 2014 included net provisions for litigation exposure and other costs of $6 million. The “Other” column for three and six months endedJune 30, 2013 included net acquisition and restructuring costs of $30 million and $44 million, respectively, as well as net provisions for litigation exposure and other costs of $15 million for both periods. The amounts in the “Other” columns were not allocated to State Street's business lines. Results for the 2013 periods reflect reclassifications, for comparative purposes, related to management changes in methodologies associated with allocations of revenue and expenses reflected in line-of-business results for 2014.

	Three Months Ended June 30,
	Investment Servicing						Investment Management						Other						Total
	2014			2013			2014			2013			2014			2013			2014			2013
(Dollars in millions, except where otherwise noted)
Fee revenue:
Servicing fees	$	1,288		$	1,201		$	—		$	—		$	—		$	—		$	1,288		$	1,201
Management fees	—			—			300			277			—			—			300			277
Trading services	249			287			11			17			—			—			260			304
Securities finance	147			131			—			—			—			—			147			131
Processing fees and other	42			58			2			—			—			—			44			58
Total fee revenue	1,726			1,677			313			294			—			—			2,039			1,971
Net interest revenue	545			571			16			25			—			—			561			596
Gains (losses) related to investment securities, net	(2		)	(7		)	—			—			—			—			(2		)	(7		)
Total revenue	2,269			2,241			329			319			—			—			2,598			2,560
Provision for loan losses	2			—			—			—			—			—			2			—
Total expenses	1,593			1,549			225			204			32			45			1,850			1,798
Income before income tax expense	$	674		$	692		$	104		$	115		$	(32	)	$	(45	)	$	746		$	762
Pre-tax margin	30		%	31		%	32		%	36		%							29		%	30		%
Average assets (in billions)	$	231.3		$	203.6		$	3.4		$	4.1								$	234.7		$	207.7

	Six Months Ended June 30,
	Investment Servicing						Investment Management						Other						Total
	2014			2013			2014			2013			2014			2013			2014			2013
(Dollars in millions, except where otherwise noted)
Fee revenue:
Servicing fees	$	2,526		$	2,376		$	—		$	—		$	—		$	—		$	2,526		$	2,376
Management fees	—			—			592			540			—			—			592			540
Trading services	490			552			23			41			—			—			513			593
Securities finance	232			209			—			—			—			—			232			209
Processing fees and other	97			105			3			5			—			—			100			110
Total fee revenue	3,345			3,242			618			586			—			—			3,963			3,828
Net interest revenue	1,083			1,128			33			44			—			—			1,116			1,172
Gains (losses) related to investment securities, net	4			(5		)	—			—			—			—			4			(5		)
Total revenue	4,432			4,365			651			630			—			—			5,083			4,995
Provision for loan losses	4			—			—			—			—			—			4			—
Total expenses	3,266			3,139			469			426			143			59			3,878			3,624
Income before income tax expense	$	1,162		$	1,226		$	182		$	204		$	(143	)	$	(59	)	$	1,201		$	1,371
Pre-tax margin	26		%	28		%	28		%	32		%							24		%	27		%
Average assets (in billions)	$	221.8		$	204.0		$	3.4		$	4.0								$	225.2		$	208.0