Regulatory Capital (Tables)

3 Months Ended

Mar. 31, 2022

Banking and Thrift, Other Disclosures [Abstract]

The following table presents the regulatory capital structure, total RWA, related regulatory capital ratios and the minimum required regulatory capital ratios for us and State Street Bank as of the dates indicated.


					State Street Corporation												State Street Bank
(Dollars in millions)					Basel III Advanced Approaches March 31, 2022			Basel III Standardized Approach March 31, 2022			Basel III Advanced Approaches December 31, 2021			Basel III Standardized Approach December 31, 2021			Basel III Advanced Approaches March 31, 2022			Basel III Standardized Approach March 31, 2022			Basel III Advanced Approaches December 31, 2021			Basel III Standardized Approach December 31, 2021
Common shareholders' equity:
Common stock and related surplus					$	11,266		$	11,266		$	11,291		$	11,291		$	13,033		$	13,033		$	13,047		$	13,047
Retained earnings					25,612			25,612			25,238			25,238			16,286			16,286			15,700			15,700
Accumulated other comprehensive income (loss)					(2,698)			(2,698)			(1,133)			(1,133)			(2,478)			(2,478)			(926)			(926)
Treasury stock, at cost					(9,932)			(9,932)			(10,009)			(10,009)			—			—			—			—
Total					24,248			24,248			25,387			25,387			26,841			26,841			27,821			27,821
Regulatory capital adjustments:
Goodwill and other intangible assets, net of associated deferred tax liabilities					(8,830)			(8,830)			(8,935)			(8,935)			(8,564)			(8,564)			(8,667)			(8,667)
Other adjustments(1)					(392)			(392)			(505)			(505)			(209)			(209)			(309)			(309)
Common equity tier 1 capital					15,026			15,026			15,947			15,947			18,068			18,068			18,845			18,845
Preferred stock					1,976			1,976			1,976			1,976			—			—			—			—


Tier 1 capital					17,002			17,002			17,923			17,923			18,068			18,068			18,845			18,845
Qualifying subordinated long-term debt					1,586			1,586			1,588			1,588			749			749			752			752

Allowance for credit losses					—			105			—			108			—			105			—			108

Total capital					$	18,588		$	18,693		$	19,511		$	19,619		$	18,817		$	18,922		$	19,597		$	19,705
Risk-weighted assets:
Credit risk(2)					$	67,631		$	124,962		$	63,735		$	109,554		$	60,693		$	121,825		$	57,405		$	106,405
Operational risk(3)					45,575			NA			45,550			NA			42,863			NA			42,813			NA
Market risk					1,763			1,763			2,113			2,113			1,763			1,763			2,113			2,113
Total risk-weighted assets					$	114,969		$	126,725		$	111,398		$	111,667		$	105,319		$	123,588		$	102,331		$	108,518

Adjusted quarterly average assets					$	285,788		$	285,788		$	293,567		$	293,567		$	282,685		$	282,685		$	290,403		$	290,403

Capital Ratios:	2022 Minimum Requirements(4)		2021 Minimum Requirements(4)
Common equity tier 1 capital	8.0	%	8.0	%	13.1		%	11.9		%	14.3		%	14.3		%	17.2		%	14.6		%	18.4		%	17.4		%
Tier 1 capital	9.5		9.5		14.8			13.4			16.1			16.1			17.2			14.6			18.4			17.4
Total capital	11.5		11.5		16.2			14.8			17.5			17.6			17.9			15.3			19.2			18.2
Tier 1 leverage	4.0		4.0		5.9			5.9			6.1			6.1			6.4			6.4			6.5			6.5

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

(2) Under the advanced approaches, credit risk RWA 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.
(4) Minimum requirements include a CCB of 2.5% and a SCB of 2.5% for the advanced approaches and the standardized approach, respectively, a G-SIB surcharge of 1.0% and a countercyclical buffer of 0%.
NA Not applicable