The following table presents the regulatory capital structure, total risk-weighted assets and related regulatory capital ratios for State Street and State Street Bank as of the dates indicated. As a result of changes in the methodologies used to calculate our regulatory capital ratios from period to period as the provisions of the Basel III final rule are phased in, the ratios presented in the table for each period-end are not directly comparable. Refer to the footnotes following the table.



					State Street									State Street Bank
(Dollars in millions)					Basel III Advanced Approach June 30, 2014⁽¹⁾			Basel III Transitional June 30, 2014⁽²⁾			December 31, 2013⁽³⁾			Basel III Advanced Approach June 30, 2014⁽¹⁾			Basel III Transitional June 30, 2014⁽²⁾			December 31, 2013⁽³⁾
Common shareholders' equity:
Common stock and related surplus					$	10,269		$	10,269		$	10,280		$	10,832		$	10,832		$	10,786
Retained earnings					14,114			14,114			13,395			9,579			9,579			9,064
Accumulated other comprehensive income (loss)					328			328			215			299			299			209
Treasury stock, at cost					(4,405		)	(4,405		)	(3,693		)	—			—			—
Total					20,306			20,306			20,197			20,710			20,710			20,059
Regulatory capital adjustments:
Goodwill and other intangible assets, net of associated deferred tax liabilities⁽⁴⁾					(6,100		)	(6,100		)	(7,743		)	(5,816		)	(5,816		)	(7,341		)
Other adjustments					(41		)	(41		)	—			(126		)	(126		)	—
Tier 1 common capital					14,165			14,165			12,454			14,768			14,768			12,718
Preferred stock					1,233			1,233			491			—			—			—
Trust preferred capital securities subject to phase-out from tier 1 capital					475			475			950			—			—			—
Other adjustments					(165		)	(165		)	—			—			—			—
Tier 1 capital					15,708			15,708			13,895			14,768			14,768			12,718
Qualifying subordinated long-term debt					1,738			1,738			1,918			1,754			1,754			1,936
Trust preferred capital securities phased out of tier 1 capital					475			475			NA			—			—			NA
Other adjustments					3			3			(26		)	—			—			45
Total capital					$	17,924		$	17,924		$	15,787		$	16,522		$	16,522		$	14,699

Risk-weighted assets:
Credit risk					$	71,093		$	86,928		$	78,864		$	64,617		$	83,524		$	76,197
Operational risk					35,985			NA			NA			35,566			NA			NA
Market risk					3,937			1,679			1,262			3,463			1,679			1,262
Total risk-weighted assets					$	111,015		$	88,607		$	80,126		$	103,646		$	85,203		$	77,459
Adjusted quarterly average assets					$	227,815		$	227,815		$	202,801		$	224,050		$	224,050		$	199,301

Capital Ratios:	Minimum Requirements⁽⁵⁾₂₀₁₄		Minimum Requirements⁽⁶⁾₂₀₁₃
Tier 1 common risk-based capital	4.0	%	NA		12.8		%	16.0		%	15.5		%	14.2		%	17.3		%	16.4		%
Tier 1 risk-based capital	5.5		4.0	%	14.1			17.7			17.3			14.2			17.3			16.4
Total risk-based capital	8.0		8.0		16.1			20.2			19.7			15.9			19.4			19.0
Tier 1 leverage	4.0		4.0		6.9			6.9			6.9			6.6			6.6			6.4

NA: Not applicable.

⁽¹⁾Tier 1 common capital, tier 1 capital and total capital ratios as of June 30, 2014 were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Tier 1 leverage ratio as of June 30, 2014 was calculated in conformity with the Basel III final rule.

⁽²⁾Tier 1 common capital, tier 1 capital, total capital and tier 1 leverage ratios as of June 30, 2014 were calculated in conformity with the transitional provisions of the Basel III final rule. Specifically, these ratios reflect tier 1 common, tier 1 and total capital (the numerator) calculated in conformity with the provisions of the Basel III final rule, and total risk-weighted assets or, with respect to the tier 1 leverage ratio, quarterly average assets (in both cases, the denominator), calculated in conformity with the provisions of Basel I.

⁽³⁾Tier 1 common capital, tier 1 capital, total capital and tier 1 leverage ratios as of December 31, 2013 were calculated in conformity with the provisions of Basel I.

⁽⁴⁾Amounts for State Street and State Street Bank as of June 30, 2014 consisted of goodwill, net of associated deferred tax liabilities, and 20% of other intangible assets, net of associated deferred tax liabilities, the latter phased in as a deduction from capital, in conformity with the Basel III final rule.

⁽⁵⁾Minimum requirements will be phased in up to full implementation beginning on January 1, 2019; minimum requirements listed are as of June 30, 2014.

⁽⁶⁾Minimum requirements listed, governed by Basel I, are as of December 31, 2013.