Regulatory Capital (Tables)

3 Months Ended

Mar. 31, 2020



					State Street Corporation												State Street Bank
(Dollars in millions)					Basel III Advanced Approaches March 31, 2020			Basel III Standardized Approach March 31, 2020			Basel III Advanced Approaches December 31, 2019			Basel III Standardized Approach December 31, 2019			Basel III Advanced Approaches March 31, 2020			Basel III Standardized Approach March 31, 2020			Basel III Advanced Approaches December 31, 2019			Basel III Standardized Approach December 31, 2019
Common shareholders' equity:
Common stock and related surplus					$	10,659		$	10,659		$	10,636		$	10,636		$	12,893		$	12,893		$	12,893		$	12,893
Retained earnings					22,315			22,315			21,918			21,918			13,936			13,936			13,218			13,218
Accumulated other comprehensive income (loss)					(920		)	(920		)	(870		)	(870		)	(650		)	(650		)	(654		)	(654		)
Treasury stock, at cost					(10,664		)	(10,664		)	(10,209		)	(10,209		)	—			—			—			—
Total					21,390			21,390			21,475			21,475			26,179			26,179			25,457			25,457
Regulatory capital adjustments:
Goodwill and other intangible assets, net of associated deferred tax liabilities					(8,994		)	(8,994		)	(9,112		)	(9,112		)	(8,726		)	(8,726		)	(8,839		)	(8,839		)
Other adjustments⁽¹⁾					(281		)	(281		)	(150		)	(150		)	(111		)	(111		)	(1		)	(1		)
Common equity tier 1 capital					12,115			12,115			12,213			12,213			17,342			17,342			16,617			16,617
Preferred stock					2,471			2,471			2,962			2,962			—			—			—			—
Tier 1 capital					14,586			14,586			15,175			15,175			17,342			17,342			16,617			16,617
Qualifying subordinated long-term debt					1,168			1,168			1,095			1,095			1,172			1,172			1,099			1,099
Allowance for credit losses					17			123			5			90			18			123			3			90
Total capital					$	15,771		$	15,877		$	16,275		$	16,360		$	18,532		$	18,637		$	17,719		$	17,806
Risk-weighted assets:
Credit risk⁽²⁾					$	60,468		$	110,913		$	54,763		$	102,367		$	57,169		$	107,380		$	51,610		$	98,979
Operational risk⁽³⁾					46,738			N/A			47,963			N/A			43,925			N/A			44,138			NA
Market risk					1,850			1,850			1,638			1,638			1,850			1,850			1,638			1,638
Total risk-weighted assets					$	109,056		$	112,763		$	104,364		$	104,005		$	102,944		$	109,230		$	97,386		$	100,617
Adjusted quarterly average assets					$	239,861		$	239,861		$	219,624		$	219,624		$	236,431		$	236,431		$	216,397		$	216,397

Capital Ratios:	2020 Minimum Requirements Including Capital Conservation Buffer and G-SIB Surcharge		2019 Minimum Requirements Including Capital Conservation Buffer and G-SIB Surcharge
Common equity tier 1 capital	8.0	%	8.5	%	11.1		%	10.7		%	11.7		%	11.7		%	16.8		%	15.9		%	17.1		%	16.5		%
Tier 1 capital	9.5		10.0		13.4			12.9			14.5			14.6			16.8			15.9			17.1			16.5
Total capital	11.5		12.0		14.5			14.1			15.6			15.7			18.0			17.1			18.2			17.7

⁽¹⁾ Other adjustments within CET1 primarily include the overfunded portion of the firm’s defined benefit pension plan obligation net of associated deferred tax liabilities, disallowed deferred tax assets, and other required credit risk based deductions.

⁽²⁾Includes a CVA which reflects the risk of potential fair value adjustments for credit risk reflected in our valuation of OTC derivative contracts. We used a simple CVA approach in conformity with the Basel III advanced approaches.

⁽³⁾ Under the current advanced approaches rules and regulatory guidance concerning operational risk models, RWA attributable to operational risk can vary substantially from period-to-period, without direct correlation to the effects of a particular loss event on our results of operations and financial condition and impacting dates and periods that may differ from the dates and periods as of and during which the loss event is reflected in our financial statements, with the timing and categorization dependent on the processes for model updates and, if applicable, model revalidation and regulatory review and related supervisory processes. An individual loss event can have a significant effect on the output of our operational RWA under the advanced approaches depending on the severity of the loss event and its categorization among the seven Basel-defined UOMs.

^NANot applicable