Exhibit



STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
CONSOLIDATED FINANCIAL HIGHLIGHTS

	Quarters																								% Change				Year-to-Date						% Change
(Dollars in millions, except per share amounts, or where otherwise noted)	1Q14			2Q14			3Q14			4Q14			1Q15			2Q15			3Q15			4Q15			4Q15 vs. 4Q14		4Q15 vs. 3Q15		2014			2015			2015 vs. 2014
Revenue:
Fee revenue¹	$	1,919		$	2,034		$	2,006		$	2,051		$	2,055		$	2,076		$	2,103		$	2,044		(0.3	)%	(2.8	)%	$	8,010		$	8,278		3.3	%
Net interest revenue	555			561			570			574			546			535			513			494			(13.9	)	(3.7	)	2,260			2,088			(7.6	)
Net gains (losses) from sales of available-for-sale securities	15			—			—			—			—			(3		)	(2		)	—							15			(5		)
Net losses from other-than-temporary impairment	(1		)	—			—			—			(1		)	—			—			—							(1		)	(1		)
Net losses reclassified (from) to other comprehensive income	(8		)	(2		)	—			—			—			—			—			—							(10		)	—
Total revenue¹	2,480			2,593			2,576			2,625			2,600			2,608			2,614			2,538			(3.3	)	(2.9	)	10,274			10,360			0.8
Provision for loan losses	2			2			2			4			4			2			5			1							10			12
Total expenses	2,028			1,850			1,892			2,057			2,097			2,134			1,962			1,857			(9.7	)	(5.4	)	7,827			8,050			2.8
Income before income tax expense¹	450			741			682			564			499			472			647			680			20.6		5.1		2,437			2,298			(5.7	)
Income tax expense¹	91			122			126			76			94			54			67			103			35.5		53.7		415			318			(23.4	)
Net income (loss) from minority interest	—			—			—			—			—			—			1			(1		)	—		nm		—			—			—
Net income¹	359			619			556			488			405			418			581			576			18.0		(0.9	)	2,022			1,980			(2.1	)
Net income available to common shareholders¹	352			599			538			469			373			389			539			547			16.6		1.5		1,958			1,848			(5.6	)
Diluted earnings per common share¹	.80			1.38			1.25			1.11			.89			.93			1.31			1.34			20.7		2.3		4.53			4.47			(1.3	)
Average diluted common shares outstanding (in thousands)	438,815			435,320			429,736			424,339			418,750			416,712			412,167			407,012			(4.1	)	(1.3	)	432,007			413,638			(4.3	)
Cash dividends declared per common share	$	.26		$	.30		$	.30		$	.30		$	.30		$	.34		$	.34		$	.34		13.3		—		$	1.16		$	1.32		13.8
Closing price per share of common stock (as of quarter end)	69.55			67.26			73.61			78.50			73.53			77.00			67.21			66.36			(15.5	)	(1.3	)	78.50			66.36			(15.5	)
Ratios:
Return on average common equity¹	7.2		%	11.9		%	10.6		%	9.4		%	7.9		%	8.2		%	11.3		%	11.6		%	23.4		2.7		9.8		%	9.8		%	—
Pre-tax operating margin¹	18.1			28.6			26.5			21.5			19.2			18.1			24.8			26.8			24.7		8.1		23.7			22.2			(6.3	)
Common equity tier 1 risk-based capital^{1, 2}	NA			12.6			12.6			12.4			12.0			12.0			12.0			12.5			0.8		4.2		12.4			12.5			0.8
Tier 1 risk-based capital^1,2	NA			14.0			14.0			14.5			14.0			14.7			14.7			15.3			5.5		4.1		14.5			15.3			5.5
Total risk-based capital^1,2	NA			16.0			16.1			16.4			16.1			16.8			16.8			17.4			6.1		3.6		16.4			17.4			6.1
Tier 1 leverage^1,2	NA			6.8			6.3			6.3			5.8			6.0			6.3			6.9			9.5		9.5		6.3			6.9			9.5
Tangible common equity^1,3	NA			6.9			6.5			6.7			6.0			6.5			6.6			6.8			1.5		3.0		6.7			6.6			(1.5	)
At quarter-end:
Assets under custody and administration (in trillions)⁴	$	27.48		$	28.40		$	28.47		$	28.19		$	28.49		$	28.65		$	27.27		$	27.51		(2.4	)	0.9		$	28.19		$	27.51		(2.4	)
Asset under management (in trillions)	2.38			2.48			2.42			2.45			2.44			2.37			2.20			2.25			(8.2	)	2.3		2.45			2.25			(8.2	)
Total assets	256,663			282,324			274,805			274,119			279,476			294,571			247,274			245,192			(10.6	)	(0.8	)	274,119			245,192			(10.6	)
Investment securities	117,504			117,303			115,319			112,636			112,857			101,463			97,560			100,022			(11.2	)	2.5		112,636			100,022			(11.2	)
Deposits	194,648			218,834			207,968			209,040			211,352			230,591			186,367			191,627			(8.3	)	2.8		209,040			191,627			(8.3	)
Long-term debt	9,503			9,037			9,016			10,042			9,174			9,085			12,025			11,534			14.9		(4.1	)	10,042			11,534			14.9
Total shareholders' equity¹	21,139			21,562			21,015			21,328			20,670			21,347			21,343			21,103			(1.1	)	(1.1	)	21,328			21,103			(1.1	)

¹ Amounts for the quarterly and annual periods of 2014 as well as the quarterly periods ending March 31, 2015, June 30, 2015 and September 30, 2015 have been revised to reflect adjustments related to certain expenses billed to our asset servicing clients as more fully described within the Reconciliation of Previously Reported and Revised Financial Information, on page 20 of this earnings release addendum.
² In early 2014, we announced that we had completed our Basel III qualification period. As a result, our regulatory capital ratios as of June 30, 2014, September 30, 2014, December 31, 2014, March 31, 2015, June 30, 2015, September 30, 2015 and December 31, 2015 presented in the table above have been calculated under the advanced approaches provisions of the Basel III final rule. Regulatory capital ratios as of March 31, 2014 were calculated under Basel I, are not directly comparable to such ratios as of June 30, 2014, September 30, 2014, December 31, 2014, March 31, 2015, June 30, 2015, September 30, 2015 and December 31, 2015, and are not disclosed. Refer to page 13 of this earnings release addendum for additional information about our regulatory capital ratios as of June 30, 2014, September 30, 2014, December 31, 2014, March 31, 2015, June 30, 2015, September 30, 2015 and December 31, 2015.
³ Tangible common equity ratios as of March 31, 2014, June 30, 2014, September 30, 2014, December 31, 2014, March 31, 2015, June 30, 2015, September 30, 2015 and December 31, 2015 are non-GAAP financial measures. Refer to accompanying reconciliations on page 14 for additional information.
⁴ Included assets under custody of $21.00 trillion, $21.69 trillion, $21.71 trillion, $21.66 trillion, $21.98 trillion, $22.06 trillion, $20.95 trillion and $21.26 trillion as of March 31, 2014, June 30, 2014, September 30, 2014, December 31, 2014, March 31, 2015, June 30, 2015, September 30, 2015 and December 31, 2015, respectively.



STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
CONSOLIDATED RESULTS OF OPERATIONS

	Quarters																						% Change				Year-to-Date						% Change
(Dollars in millions, except per share amounts, or where otherwise noted)	1Q14			2Q14			3Q14		4Q14		1Q15			2Q15			3Q15			4Q15			4Q15 vs. 4Q14		4Q15 vs. 3Q15		2014			2015			2015 vs. 2014
Reported Results
Fee revenue:
Servicing fees¹	$	1,233		$	1,283		$	1,296	$	1,296	$	1,268		$	1,319		$	1,289		$	1,277		(1.5	)%	(0.9	)%	$	5,108		$	5,153		0.9	%
Management fees	292			300			316		299		301			304			287			282			(5.7	)	(1.7	)	1,207			1,174			(2.7	)
Trading services:
Direct sales and trading	71			79			101		110		135			88			108			79			(28.2	)	(26.9	)	361			410			13.6
Indirect foreign exchange trading²	63			65			60		58		68			79			69			64			10.3		(7.2	)	246			280			13.8
Total foreign exchange trading	134			144			161		168		203			167			177			143			(14.9	)	(19.2	)	607			690			13.7
Electronic foreign exchange services	48			43			44		46		48			44			46			37			(19.6	)	(19.6	)	181			175			(3.3	)
Other trading, transition management and brokerage	71			73			73		79		73			70			71			67			(15.2	)	(5.6	)	296			281			(5.1	)
Total brokerage and other trading services	119			116			117		125		121			114			117			104			(16.8	)	(11.1	)	477			456			(4.4	)
Total trading services	253			260			278		293		324			281			294			247			(15.7	)	(16.0	)	1,084			1,146			5.7
Securities finance	85			147			99		106		101			155			113			127			19.8		12.4		437			496			13.5
Processing fees and other	56			44			17		57		61			17			120			111			94.7		(7.5	)	174			309			77.6
Total fee revenue¹	1,919			2,034			2,006		2,051		2,055			2,076			2,103			2,044			(0.3	)	(2.8	)	8,010			8,278			3.3
Net interest revenue:
Interest revenue	655			650			671		676		642			629			614			603			(10.8	)	(1.8	)	2,652			2,488			(6.2	)
Interest expense	100			89			101		102		96			94			101			109			6.9		7.9		392			400			2.0
Net interest revenue	555			561			570		574		546			535			513			494			(13.9	)	(3.7	)	2,260			2,088			(7.6	)
Gains (losses) related to investment securities, net:
Net gains (losses) from sales of available-for-sale securities	15			—			—		—		—			(3		)	(2		)	—							15			(5		)
Losses from other-than-temporary impairment	(1		)	—			—		—		(1		)	—			—			—							(1		)	(1		)
Losses reclassified (from) to other comprehensive income	(8		)	(2		)	—		—		—			—			—			—							(10		)	—
Gains (losses) related to investment securities, net	6			(2		)	—		—		(1		)	(3		)	(2		)	—							4			(6		)
Total revenue¹	2,480			2,593			2,576		2,625		2,600			2,608			2,614			2,538			(3.3	)	(2.9	)	10,274			10,360			0.8
Provision for loan losses	2			2			2		4		4			2			5			1							10			12
Expenses:
Compensation and employee benefits	1,157			978			953		972		1,087			984			1,051			939			(3.4	)	(10.7	)	4,060			4,061			—
Information systems and communications	244			244			242		246		247			249			265			261			6.1		(1.5	)	976			1,022			4.7
Transaction processing services	191			193			199		201		197			201			201			194			(3.5	)	(3.5	)	784			793			1.1
Occupancy	114			115			119		113		113			109			110			112			(0.9	)	1.8		461			444			(3.7	)
Acquisition and restructuring costs	33			28			20		52		6			3			10			6			(88.5	)	(40.0	)	133			25			(81.2	)
Other	289			292			359		473		447			588			325			345			(27.1	)	6.2		1,413			1,705			20.7
Total expenses	2,028			1,850			1,892		2,057		2,097			2,134			1,962			1,857			(9.7	)	(5.4	)	7,827			8,050			2.8
Income before income tax expense¹	450			741			682		564		499			472			647			680			20.6		5.1		2,437			2,298			(5.7	)
Income tax expense¹	91			122			126		76		94			54			67			103			35.5		53.7		415			318			(23.4	)
Net income (loss) from minority interest	—			—			—		—		—			—			1			(1		)	—		nm		—			—			—
Net income¹	$	359		$	619		$	556	$	488	$	405		$	418		$	581		$	576		18.0		(0.9	)	$	2,022		$	1,980		(2.1	)



STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
CONSOLIDATED RESULTS OF OPERATIONS (Continued)

	Quarters																								% Change				Year-to-Date						% Change
(Dollars in millions, except per share amounts, or where otherwise noted)	1Q14			2Q14			3Q14			4Q14			1Q15			2Q15			3Q15			4Q15			4Q15 vs. 4Q14		4Q15 vs. 3Q15		2014			2015			2015 vs. 2014
Adjustments to net income:
Dividends on preferred stock	$	(6	)	$	(19	)	$	(18	)	$	(18	)	$	(31	)	$	(29	)	$	(42	)	$	(28	)	55.6	%	(33.3	)%	$	(61	)	$	(130	)	113.1	%
Earnings allocated to participating securities	(1		)	(1		)	—			(1		)	(1		)	—			—			(1		)	—		—		(3		)	(2		)	(33.3	)
Net income available to common shareholders¹	$	352		$	599		$	538		$	469		$	373		$	389		$	539		$	547		16.6		1.5		$	1,958		$	1,848		(5.6	)
Earnings per common share:
Basic¹	$	.82		$	1.40		$	1.28		$	1.13		$	.90		$	.95		$	1.33		$	1.36		20.4		2.3		$	4.62		$	4.53		(1.9	)
Diluted¹	.80			1.38			1.25			1.11			.89			.93			1.31			1.34			20.7		2.3		4.53			4.47			(1.3	)
Average common shares outstanding:
Basic	430,621			427,824			421,974			416,651			412,225			410,674			406,612			402,041			(3.5	)	(1.1	)	424,223			407,856			(3.9	)
Diluted	438,815			435,320			429,736			424,339			418,750			416,712			412,167			407,012			(4.1	)	(1.3	)	432,007			413,638			(4.3	)
Cash dividends declared per common share	$	.26		$	.30		$	.30		$	.30		$	.30		$	.34		$	.34		$	.34		13.3		—		$	1.16		$	1.32		13.8
Closing price per share of common stock (as of quarter end)	69.55			67.26			73.61			78.50			73.53			77.00			67.21			66.36			(15.5	)	(1.3	)	78.50			66.36			(17.1	)
Financial ratios:
Return on average common equity¹	7.2		%	11.9		%	10.6		%	9.4		%	7.9		%	8.2		%	11.3		%	11.6		%	23.4		2.7		9.8		%	9.8		%	—
Pre-tax operating margin¹	18.1			28.6			26.5			21.5			19.2			18.1			24.8			26.8			24.7		8.1		23.7			22.2			(6.3	)
After-tax margin¹	14.5			23.9			21.6			18.6			15.6			16.0			22.2			22.7			22.0		2.3		19.7			19.1			(3.0	)
Internal capital generation rate¹	4.9			9.4			8.1			6.9			5.3			5.3			8.3			8.7			26.1		4.8		7.4			6.9			(6.8	)
Common dividend payout ratio¹	31.8			21.3			23.4			26.5			33.1			35.6			25.5			24.9			(6.0	)	(2.4	)	25.0			29.0			16.0

¹ Amounts for the quarterly and annual periods of 2014 as well as the quarterly periods ending March 31, 2015, June 30, 2015 and September 30, 2015 have been revised to reflect adjustments related to certain expenses billed to our asset servicing clients as more fully described within the Reconciliation of Previously Reported and Revised Financial Information, on page 20 of this earnings release addendum.
² We calculate revenue for indirect foreign exchange using an attribution methodology. This methodology takes into consideration estimated effective mark-ups/downs and observed client volumes. Direct sales and trading revenue is total foreign exchange trading revenue excluding the revenue attributed to indirect foreign exchange.
^nm Not meaningful



STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
CONSOLIDATED STATEMENT OF CONDITION

	As of Quarter End																								% Change
(Dollars in millions, except per share amounts)	1Q14			2Q14			3Q14			4Q14			1Q15			2Q15			3Q15			4Q15			4Q15 vs. 4Q14		4Q15 vs. 3Q15
Assets:
Cash and due from banks	$	3,877		$	6,247		$	4,146		$	1,855		$	3,149		$	3,084		$	3,660		$	1,207		(34.9	)%	(67.0	)%
Interest-bearing deposits with banks	75,796			98,386			86,946			93,523			83,398			116,728			68,361			75,338			(19.4	)	10.2
Securities purchased under resale agreements	6,087			3,681			2,603			2,390			11,331			4,447			9,155			3,404			42.4		(62.8	)
Trading account assets	889			941			1,033			924			1,145			1,373			1,223			849			(8.1	)	(30.6	)
Investment securities:
Investment securities available for sale	99,162			98,546			96,552			94,913			96,612			85,308			80,097			70,070			(26.2	)	(12.5	)
Investment securities held to maturity²	18,342			18,757			18,767			17,723			16,245			16,155			17,463			29,952			69.0		71.5
Total investment securities	117,504			117,303			115,319			112,636			112,857			101,463			97,560			100,022			(11.2	)	2.5
Loans and leases³	16,084			16,767			18,364			18,161			18,278			18,547			19,019			18,753			3.3		(1.4	)
Premises and equipment⁴	1,896			1,920			1,911			1,937			1,933			2,035			1,984			1,894			(2.2	)	(4.5	)
Accrued interest and fees receivable	2,197			2,221			2,318			2,242			2,281			2,385			2,271			2,346			4.6		3.3
Goodwill	6,038			6,037			5,899			5,826			5,663			5,729			5,716			5,671			(2.7	)	(0.8	)
Other intangible assets	2,306			2,247			2,121			2,025			1,892			1,871			1,820			1,768			(12.7	)	(2.9	)
Other assets	23,989			26,574			34,145			32,600			37,549			36,909			36,505			33,940			4.1		(7.0	)
Total assets	$	256,663		$	282,324		$	274,805		$	274,119		$	279,476		$	294,571		$	247,274		$	245,192		(10.6	)	(0.8	)
Liabilities:
Deposits:
Non-interest-bearing	$	72,800		$	73,109		$	66,134		$	70,490		$	72,704		$	83,120		$	58,426		$	65,800		(6.7	)	12.6
Interest-bearing -- U.S.	15,327			27,584			24,435			33,012			30,769			32,839			30,407			29,958			(9.3	)	(1.5	)
Interest-bearing -- Non-U.S.	106,521			118,141			117,399			105,538			107,879			114,632			97,534			95,869			(9.2	)	(1.7	)
Total deposits	194,648			218,834			207,968			209,040			211,352			230,591			186,367			191,627			(8.3	)	2.8
Securities sold under repurchase agreements	8,953			9,168			9,385			8,925			10,158			10,978			7,760			4,499			(49.6	)	(42.0	)
Federal funds purchased	18			14			17			21			17			15			25			6			(71.4	)	(76.0	)
Other short-term borrowings	3,811			4,322			4,307			4,381			4,346			4,756			3,761			1,748			(60.1	)	(53.5	)
Accrued expenses and other liabilities¹	18,591			19,387			23,097			20,382			23,759			17,799			15,961			14,643			(28.2	)	(8.3	)
Long-term debt	9,503			9,037			9,016			10,042			9,174			9,085			12,025			11,534			14.9		(4.1	)
Total liabilities¹	235,524			260,762			253,790			252,791			258,806			273,224			225,899			224,057			(11.4	)	(0.8	)
Shareholders' equity:
Preferred stock, no par, 3,500,000 shares authorized:
Series C, 5,000 shares issued and outstanding	491			491			491			491			491			491			491			491			—		—
Series D, 7,500 shares issued and outstanding	742			742			742			742			742			742			742			742			—		—
Series E, 7,500 shares issued and outstanding	—			—			—			728			728			728			728			728			—		—
Series F, 7,500 shares issued and outstanding	—			—			—			—			—			742			742			742			—		—
Common stock, $1 par, 750,000,000 shares authorized⁵	504			504			504			504			504			504			504			504			—		—
Surplus	9,737			9,765			9,780			9,791			9,744			9,744			9,742			9,746			(0.5	)	—
Retained earnings¹	13,505			13,976			14,390			14,737			14,986			15,237			15,638			16,049			8.9		2.6
Accumulated other comprehensive income (loss)	188			489			(107		)	(507		)	(1,006		)	(1,011		)	(1,101		)	(1,442		)	184.4		31.0
Treasury stock, at cost⁶	(4,028		)	(4,405		)	(4,785		)	(5,158		)	(5,519		)	(5,830		)	(6,143		)	(6,457		)	25.2		5.1
Total shareholders' equity¹	21,139			21,562			21,015			21,328			20,670			21,347			21,343			21,103			(1.1	)	(1.1	)
Non-controlling interest-equity	—			—			—			—			—			—			32			32
Total equity¹	21,139			21,562			21,015			21,328			20,670			21,347			21,375			21,135
Total liabilities and equity¹	$	256,663		$	282,324		$	274,805		$	274,119		$	279,476		$	294,571		$	247,274		$	245,192		(10.6	)	(0.8	)

¹ Amounts for the quarterly and annual periods of 2014 as well as the quarterly periods ending March 31, 2015, June 30, 2015 and September 30, 2015 have been revised to reflect adjustments related to certain expenses billed to our asset servicing clients as more fully described within the Reconciliation of Previously Reported and Revised Financial Information, on page 20 of this earnings release addendum.
	1Q14			2Q14			3Q14			4Q14			1Q15			2Q15			3Q15			4Q15
² Fair value of investment securities held to maturity	$	18,326		$	18,864		$	18,865		$	17,842		$	16,417		$	16,198		$	17,536		$	29,798
³ Allowance for loan losses	30			32			34			38			41			43			48			46
⁴ Accumulated depreciation for premises and equipment	4,521			4,620			4,538			4,599			4,653			4,780			4,768			4,820
⁵ Common stock shares issued	503,881,095			503,881,095			503,880,120			503,880,120			503,879,642			503,879,642			503,879,642			503,879,642
⁶ Treasury stock shares	73,440,407			78,910,844			83,948,535			88,684,969			92,569,079			96,125,524			100,086,970			104,227,647



(Dollars in millions)	Quarters																								% Change
Investment Securities - Appreciation (Depreciation)	1Q14			2Q14			3Q14			4Q14			1Q15			2Q15			3Q15			4Q15			4Q15 vs. 4Q14		4Q15 vs. 3Q15
Held to maturity:
Amortized cost (book value)	$	18,342		$	18,757		$	18,767		$	17,723		$	16,245		$	16,155		$	17,463		$	29,952		69.0	%	71.5	%
Fair value	18,326			18,864			18,865			17,842			16,417			16,198			17,536			29,798			67.0		69.9
Appreciation (depreciation)	(16		)	107			98			119			172			43			73			(154		)	(229.4	)	(311.0	)
Available for sale:
Amortized cost	98,770			97,739			95,834			94,108			95,524			84,689			79,415			69,843			(25.8	)	(12.1	)
Fair value (book value)	99,162			98,546			96,552			94,913			96,612			85,308			80,097			70,070			(26.2	)	(12.5	)
Appreciation (depreciation)	392			807			718			805			1,088			619			682			227			(71.8	)	(66.7	)
Pre-tax depreciation related to securities available for sale transferred to held to maturity	(170		)	(153		)	(130		)	(112		)	(95		)	(86		)	(70		)	23			(120.5	)	(132.9	)
Total pre-tax appreciation (depreciation) related to investment securities portfolio	206			761			686			812			1,165			576			685			96			(88.2	)	(86.0	)
Total after-tax appreciation (depreciation) related to investment securities portfolio	124			456			411			487			699			346			411			58			(88.1	)	(85.9	)



(Dollars in billions)	Quarters																% Change
Securities on Loan	1Q14		2Q14		3Q14		4Q14		1Q15		2Q15		3Q15		4Q15		4Q15 vs. 4Q14		4Q15 vs. 3Q15
Average securities on loan	$	333	$	357	$	354	$	346	$	350	$	356	$	331	$	341	(1.4	)%	3.0	%
End-of-period securities on loan	348		364		341		351		350		333		332		323		(8.0	)	(2.7	)



STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
AVERAGE STATEMENT OF CONDITION - RATES EARNED AND PAID - FULLY TAXABLE-EQUIVALENT BASIS

The following table presents consolidated average interest-earning assets, average interest-bearing liabilities and related average rates earned and paid, respectively, for the quarters indicated, on a fully taxable-equivalent basis, which is a non-GAAP measure. Tax-equivalent adjustments were calculated using a federal income tax rate of 35%, adjusted for applicable state income taxes, net of related federal benefit. Refer to page 9 of this earnings release addendum for reconciliations of GAAP basis to fully taxable-equivalent basis net interest revenue for each of the periods shown below.
	Quarters																																								% Change
	1Q14					2Q14					3Q14					4Q14					1Q15					2Q15					3Q15					4Q15					4Q15 vs. 4Q14		4Q15 vs. 3Q15
(Dollars in millions; fully-taxable equivalent basis)	Average balance		Average rates			Average balance		Average rates			Average balance		Average rates			Average balance		Average rates			Average balance		Average rates			Average balance		Average rates			Average balance		Average rates			Average balance		Average rates			Average balance		Average balance
Assets:
Interest-bearing deposits with banks	$	33,410	0.42		%	$	53,564	0.38		%	$	63,160	0.33		%	$	70,780	0.32		%	$	71,568	0.30		%	$	79,435	0.27		%	$	73,466	0.29		%	$	54,689	0.34		%	(22.7	)%	(25.6	)%
Securities purchased under resale agreements	6,631		0.53			4,307		0.94			3,249		1.05			2,178		1.99			2,449		1.88			2,662		2.24			4,838		1.51			2,960		2.36			35.9		(38.8	)
Trading account assets	901		—			953		—			985		—			995		—			1,117		—			1,243		—			1,338		—			1,078		—			8.3		(19.4	)
Investment securities
U.S. Treasury and federal agencies
Direct obligations	5,992		2.02			8,027		1.97			11,570		1.69			15,858		1.65			17,123		1.60			18,189		1.57			20,179		1.56			25,275		1.54			59.4		25.3
Mortgage- and asset-backed securities	23,506		2.26			22,547		2.21			21,544		2.17			20,797		2.18			20,944		2.18			20,217		2.08			19,123		2.08			19,112		2.12			(8.1	)	(0.1	)
State and political subdivisions	10,452		4.37			10,562		3.30			10,636		3.80			10,821		3.76			10,963		3.73			10,827		3.77			10,300		3.87			9,848		3.86			(9.0	)	(4.4	)
Other investments
Asset-backed securities	54,668		1.35			53,369		1.38			50,622		1.45			44,830		1.43			41,599		1.36			38,679		1.40			32,204		1.61			29,042		1.56			(35.2	)	(9.8	)
Collateralized mortgage-backed securities and obligations	8,068		2.80			7,972		2.78			7,979		2.72			7,490		2.59			7,757		2.57			7,226		2.60			5,632		2.66			4,855		2.57			(35.2	)	(13.8	)
Money market mutual funds	670		—			442		—			390		—			232		—			531		—			493		—			166		—			258		—			11.2		55.4
Other debt investments and equity securities	14,479		2.14			14,674		2.12			14,877		2.21			14,194		2.14			13,739		1.97			13,322		1.94			12,571		1.89			12,461		1.83			(12.2	)	(0.9	)
Total investment securities	117,835		2.02			117,593		1.94			117,618		1.99			114,222		1.98			112,656		1.93			108,953		1.93			100,175		2.02			100,851		1.96			(11.7	)	0.7
Loans and leases	14,602		1.61			15,061		1.62			16,002		1.59			17,945		1.84			18,025		1.65			17,508		1.77			17,606		1.77			18,650		1.74			3.9		5.9
Other interest-earning assets	13,527		0.02			14,845		0.06			17,003		0.05			18,338		0.05			20,544		0.06			23,610		0.03			24,001		0.03			22,671		0.05			23.6		(5.5	)
Total interest-earning assets	186,906		1.52			206,323		1.34			218,017		1.30			224,458		1.27			226,359		1.23			233,411		1.16			221,424		1.18			200,899		1.27		%	(10.5	)	(9.3	)
Cash and due from banks	4,618					5,304					4,240					2,416					2,397					2,807					2,526					2,114					(12.5	)	(16.3	)
Other assets	24,045					23,037					25,053					27,565					30,326					27,644					27,096					25,188					(8.6	)	(7.0	)
Total assets	$	215,569				$	234,664				$	247,310				$	254,439				$	259,082				$	263,862				$	251,046				$	228,201				(10.3	)%	(9.1	)%
Liabilities:
Interest-bearing deposits:
U.S.	$	12,072	0.03		%	$	20,698	0.09		%	$	24,144	0.11		%	$	28,063	0.12		%	$	30,174	0.13		%	$	28,165	0.13		%	$	36,033	0.16		%	$	28,863	0.23		%	2.9	%	(19.9	)%
Non-U.S. transaction accounts	99,808					106,894					112,856					109,260					102,624					109,560					99,873					92,985					(14.9	)	(6.9	)
Non-U.S. nontransaction accounts	1,474					2,396					1,900					1,258					1,207					1,382					1,424					1,030					(18.1	)	(27.7	)
Total Non-U.S.	101,282		0.06			109,290		0.05			114,756		0.09			110,518		0.08			103,831		0.06			110,942		0.02			101,297		0.05			94,015		0.05			(14.9	)	(7.2	)
Securities sold under repurchase agreements	8,424		—			8,747		—			9,111		—			8,977		—			9,354		—			10,155		0.02			9,220		—			6,796		—			(24.3	)	(26.3	)
Federal funds purchased	20		—			19		—			18		—			22		—			24		—			22		—			17		—			19		—			(13.6	)	11.8
Other short-term borrowings	3,909		1.57			4,000		(1.20		)	4,376		—			4,415		0.13			4,448		0.13			4,400		0.16			3,791		0.18			2,684		0.14			(39.2	)	(29.2	)
Long-term debt	9,668		2.60			9,340		2.73			9,020		2.64			9,216		2.56			9,736		2.54			9,154		2.67			10,530		2.35			11,886		2.21			29.0		12.9
Other interest-bearing liabilities	6,758		0.43			7,559		0.99			7,386		0.42			7,690		0.50			7,465		0.41			8,609		0.74			4,463		0.88			5,392		0.91			(29.9	)	20.8
Total interest-bearing liabilities	142,133		0.29			159,653		0.22			168,811		0.24			168,901		0.24			165,032		0.24			171,447		0.22			165,351		0.24			149,655		0.29			(11.4	)	(9.5	)
Non-interest bearing deposits	40,711					41,906					44,503					48,951					55,066					56,281					51,155					44,323					(9.5	)	(13.4	)
Other liabilities¹	12,166					11,677					12,652					15,212					17,914					14,864					12,969					12,832					(15.6	)	(1.1	)
Preferred shareholders' equity	722					1,233					1,233					1,526					1,961					2,295					2,703					2,703					77.1		—
Common shareholders' equity¹	19,837					20,195					20,111					19,849					19,109					18,975					18,868					18,688					(5.8	)	(1.0	)
Total liabilities and shareholders' equity¹	$	215,569				$	234,664				$	247,310				$	254,439				$	259,082				$	263,862				$	251,046				$	228,201				(10.3	)%	(9.1	)%
Excess of rate earned over rate paid			1.23		%			1.12		%			1.06		%			1.03		%			0.99		%			0.94		%			0.94		%			0.98		%
Net interest margin			1.30		%			1.17		%			1.12		%			1.09		%			1.06		%			1.00		%			1.00		%			1.06		%
Net interest revenue, fully taxable-equivalent basis			$	599				$	603				$	613				$	618				$	590				$	579				$	556				$	536
Tax-equivalent adjustment			(44		)			(42		)			(43		)			(44		)			(44		)			(44		)			(43		)			(42		)
Net interest revenue, GAAP basis			$	555				$	561				$	570				$	574				$	546				$	535				$	513				$	494

¹ Amounts for the quarterly and annual periods of 2014 as well as the quarterly periods ending March 31, 2015, June 30, 2015 and September 30, 2015 have been revised to reflect adjustments related to certain expenses billed to our asset servicing clients as more fully described within the Reconciliation of Previously Reported and Revised Financial Information, on page 20 of this earnings release addendum.



STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
ASSETS UNDER CUSTODY AND ADMINISTRATION¹

	Quarters																% Change
(Dollars in billions)	1Q14		2Q14		3Q14		4Q14		1Q15		2Q15		3Q15		4Q15		4Q15 vs. 4Q14		4Q15 vs. 3Q15
Assets Under Custody and Administration
By Product Classification:
Mutual funds	$	6,908	$	7,122	$	7,035	$	6,992	$	7,073	$	7,107	$	6,698	$	6,768	(3.2	)%	1.0	%
Collective funds	6,637		6,956		6,919		6,949		7,113		7,189		6,883		7,088		2.0		3.0
Pension products	5,472		5,613		5,780		5,746		5,745		5,830		5,497		5,510		(4.1	)	0.2
Insurance and other products	8,460		8,709		8,731		8,501		8,560		8,524		8,187		8,142		(4.2	)	(0.5	)
Total Assets Under Custody and Administration	$	27,477	$	28,400	$	28,465	$	28,188	$	28,491	$	28,650	$	27,265	$	27,508	(2.4	)	0.9
By Financial Instrument:
Equities	$	15,040	$	15,607	$	15,616	$	15,876	$	15,660	$	16,006	$	14,223	$	14,888	(6.2	)%	4.7	%
Fixed-income	9,053		9,255		9,298		8,739		9,157		8,939		9,470		9,264		6.0		(2.2	)
Short-term and other investments	3,384		3,538		3,551		3,573		3,674		3,705		3,572		3,356		(6.1	)	(6.0	)
Total Assets Under Custody and Administration	$	27,477	$	28,400	$	28,465	$	28,188	$	28,491	$	28,650	$	27,265	$	27,508	(2.4	)	0.9
By Geographic Location²:
North America	$	20,540	$	21,199	$	21,255	$	21,217	$	21,554	$	21,667	$	20,536	$	20,842	(1.8	)%	1.5	%
Europe/Middle East/Africa	5,704		5,923		5,869		5,633		5,590		5,621		5,452		5,387		(4.4	)	(1.2	)
Asia/Pacific	1,233		1,278		1,341		1,338		1,347		1,362		1,277		1,279		(4.4	)	0.2
Total Assets Under Custody and Administration	$	27,477	$	28,400	$	28,465	$	28,188	$	28,491	$	28,650	$	27,265	$	27,508	(2.4	)	0.9
Assets Under Custody³
By Product Classification:
Mutual funds	$	6,596	$	6,812	$	6,669	$	6,634	$	6,786	$	6,744	$	6,369	$	6,413	(3.3	)%	0.7	%
Collective funds	5,110		5,375		5,354		5,475		5,626		5,674		5,412		5,642		3.1		4.2
Pension products	4,868		4,985		5,188		5,161		5,160		5,243		4,921		4,944		(4.2	)	0.5
Insurance and other products	4,422		4,515		4,496		4,386		4,406		4,403		4,245		4,259		(2.9	)	0.3
Total Assets Under Custody	$	20,996	$	21,687	$	21,707	$	21,656	$	21,978	$	22,064	$	20,947	$	21,258	(1.8	)	1.5
By Geographic Location²:
North America	$	16,220	$	16,743	$	16,813	$	16,903	$	17,221	$	17,255	$	16,379	$	16,664	(1.4	)%	1.7	%
Europe/Middle East/Africa	3,806		3,956		3,858		3,729		3,732		3,779		3,615		3,635		(2.5	)	0.6
Asia/Pacific	970		988		1,036		1,024		1,025		1,030		953		959		(6.3	)	0.6
Total Assets Under Custody	$	20,996	$	21,687	$	21,707	$	21,656	$	21,978	$	22,064	$	20,947	$	21,258	(1.8	)	1.5
¹ Amounts as of quarter-end.
² Geographic mix is based on the location at which the assets are serviced.
³ Assets under custody are a component of assets under custody and administration presented above.



STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
ASSETS UNDER MANAGEMENT¹

	Quarters																% Change
(Dollars in billions)	1Q14		2Q14		3Q14		4Q14		1Q15		2Q15		3Q15		4Q15		4Q15 vs. 4Q14		4Q15 vs. 3Q15
Assets Under Management
By Asset Class and Investment Approach:
Equity:
Active	$	42	$	42	$	40	$	39	$	38	$	36	$	29	$	32	(17.9	)%	10.3	%
Passive	1,323		1,390		1,371		1,436		1,434		1,386		1,237		1,293		(10.0	)	4.5
Total Equity	1,365		1,432		1,411		1,475		1,472		1,422		1,266		1,325		(10.2	)	4.7
Fixed-Income:
Active	16		16		16		17		17		17		16		18		5.9		12.5
Passive	320		336		322		302		306		303		300		294		(2.6	)	(2.0	)
Total Fixed-Income	336		352		338		319		323		320		316		312		(2.2	)	(1.3	)
Cash²	419		413		410		399		393		376		380		369		(7.5	)	(2.9	)
Multi-Asset-Class Solutions:
Active	25		34		34		30		31		29		26		17		(43.3	)	(34.6	)
Passive	108		116		104		97		84		89		85		86		(11.3	)	1.2
Total Multi-Asset-Class Solutions	133		150		138		127		115		118		111		103		(18.9	)	(7.2	)
Alternative Investments³:
Active	16		18		17		17		17		18		17		17		—		—
Passive	112		115		107		111		123		120		113		119		7.2		5.3
Total Alternative Investments	128		133		124		128		140		138		130		136		6.3		4.6
Total Assets Under Management	$	2,381	$	2,480	$	2,421	$	2,448	$	2,443	$	2,374	$	2,203	$	2,245	(8.3	)	1.9
By Geographic Location⁴:
North America	$	1,480	$	1,533	$	1,502	$	1,568	$	1,549	$	1,486	$	1,409	$	1,452	(7.4	)%	3.1	%
Europe/Middle East/Africa	562		589		565		559		566		563		500		489		(12.5	)	(2.2	)
Asia/Pacific	339		358		354		321		328		325		294		304		(5.3	)	3.4
Total Assets Under Management	$	2,381	$	2,480	$	2,421	$	2,448	$	2,443	$	2,374	$	2,203	$	2,245	(8.3	)	1.9
¹ Amounts as of quarter-end.
² Includes both floating- and constant-net-asset-value portfolios held in commingled structures or separate accounts.
³ Includes real estate investment trusts, currency and commodities, including SPDR^® Gold Fund for which State Street is not the investment manager, but acts as distribution agent.
⁴ Geographic mix is based on client location or fund management location.
Exchange-Traded Funds⁵
By Asset Class:
Alternative investments	$	42	$	43	$	40	$	38	$	40	$	37	$	35	$	34	(10.5	)%	(2.9	)%
Cash	1		1		1		1		1		2		3		3		200.0		—
Equity	308		331		338		388		356		342		323		350		(9.8	)	8.4
Fixed-income	36		38		37		39		43		41		39		41		5.1		5.1
Total Exchange-Traded Funds	$	387	$	413	$	416	$	466	$	440	$	422	$	400	$	428	(8.2	)	7.0

⁵ Exchange-traded funds are a component of assets under management presented above.



STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
RECONCILIATIONS OF OPERATING-BASIS (NON-GAAP) FINANCIAL INFORMATION

In addition to presenting State Street’s financial results in conformity with U.S. generally accepted accounting principles, referred to as GAAP, management also presents results on a non-GAAP, or "operating" basis, as it believes that this presentation supports meaningful comparisons from period to period and the analysis of comparable financial trends with respect to State Street’s normal ongoing business operations.
Management believes that operating-basis financial information, which reports revenue from non-taxable sources, such as interest revenue from tax-exempt investment securities and processing fees and other revenue associated with tax-advantaged investments, on a fully taxable-equivalent basis and excludes the impact of revenue and expenses outside of State Street's normal course of business, facilitates an investor's understanding and analysis of State Street's underlying financial performance and trends in addition to financial information prepared and reported in conformity with GAAP. Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP.
The accompanying materials present financial information prepared on a GAAP as well as on an operating basis; accordingly, this earnings release addendum provides reconciliations of operating-basis financial measures. The following tables reconcile operating-basis financial information presented in the accompanying earnings release to financial information prepared and reported in conformity with GAAP.
		Quarters																								% Change						Year-to-Date						% Change
(Dollars in millions, except per share amounts, or where otherwise noted)		1Q14			2Q14			3Q14			4Q14			1Q15			2Q15			3Q15			4Q15			4Q15 vs. 4Q14			4Q15 vs. 3Q15			2014			2015			2015 vs. 2014
Total Revenue¹:
Total revenue, GAAP basis¹		$	2,480		$	2,593		$	2,576		$	2,625		$	2,600		$	2,608		$	2,614		$	2,538		(3.3	)%		(2.9	)%		$	10,274		$	10,360		0.8	%
	Adjustment to processing fees and other revenue (see below)	57			64			86			81			53			98			12			31									288			194
	Adjustment to net interest revenue (see below)	44			42			43			44			44			44			43			42									173			173
	Adjustment to net interest revenue (see below)	(27		)	(28		)	(33		)	(31		)	(25		)	(23		)	(27		)	(23		)							(119		)	(98		)
Total revenue, operating basis^1,2,3,4		$	2,554		$	2,671		$	2,672		$	2,719		$	2,672		$	2,727		$	2,642		$	2,588		(4.8	)		(2.0	)		$	10,616		$	10,629		0.1

Fee Revenue¹:
Total fee revenue, GAAP basis¹		$	1,919		$	2,034		$	2,006		$	2,051		$	2,055		$	2,076		$	2,103		$	2,044		(0.3	)		(2.8	)		$	8,010		$	8,278		3.3
	Tax-equivalent adjustment associated with tax-advantaged investments	57			64			86			81			53			98			95			113									288			359
	Gain on sale of CRE and paydown of CRE loan	—			—			—			—			—			—			(83		)	(82		)							—			(165		)
Total fee revenue, operating basis¹		$	1,976		$	2,098		$	2,092		$	2,132		$	2,108		$	2,174		$	2,115		$	2,075		(2.7	)		(1.9	)		$	8,298		$	8,472		2.1

Processing Fees and Other Revenue:
Total processing fees and other revenue, GAAP basis		$	56		$	44		$	17		$	57		$	61		$	17		$	120		$	111		94.7			(7.5	)		$	174		$	309		77.6
	Tax-equivalent adjustment associated with tax-advantaged investments	57			64			86			81			53			98			95			113									288			359
	Gain on sale of CRE and paydown of CRE loan	—			—			—			—			—			—			(83		)	(82		)							—			(165		)
Total processing fees and other revenue, operating basis		$	113		$	108		$	103		$	138		$	114		$	115		$	132		$	142		2.9			7.6			$	462		$	503		8.9

Net Interest Revenue:
Net interest revenue, GAAP basis		$	555		$	561		$	570		$	574		$	546		$	535		$	513		$	494		(13.9	)		(3.7	)		$	2,260		$	2,088		92.4
	Tax-equivalent adjustment associated with tax-exempt investment securities	44			42			43			44			44			44			43			42									173			173
Net interest revenue, fully taxable-equivalent basis⁵		599			603			613			618			590			579			556			536									2,433			2,261
	Discount accretion associated with former conduit securities	(27		)	(28		)	(33		)	(31		)	(25		)	(23		)	(27		)	(23		)							(119		)	(98		)
Net interest revenue, operating basis⁵		$	572		$	575		$	580		$	587		$	565		$	556		$	529		$	513		(12.6	)		(3.0	)		$	2,314		$	2,163		(6.5	)

Net Interest Margin:
Net interest margin, fully taxable-equivalent basis⁽⁵⁾		1.30		%	1.17		%	1.12		%	1.09		%	1.06		%	1.00		%	1.00		%	1.06		%	(3	)	bps	6		bps	1.16		%	1.03		%	(13	)	bps
	Effect of discount accretion	0.06			0.05			0.06			0.05			0.05			0.04			0.05			0.05									0.05			0.05
Net interest margin, operating basis		1.24		%	1.12		%	1.06		%	1.04		%	1.01		%	0.96		%	0.95		%	1.01		%	(3	)		6			1.11		%	0.98		%	(13	)



STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
RECONCILIATIONS OF OPERATING-BASIS (NON-GAAP) FINANCIAL INFORMATION (Continued)

		Quarters																								% Change				Year-to-Date						% Change
(Dollars in millions, except per share amounts, or where otherwise noted)		1Q14			2Q14			3Q14			4Q14			1Q15			2Q15			3Q15			4Q15			4Q15 vs. 4Q14		4Q15 vs. 3Q15		2014			2015			2015 vs. 2014
Expenses:
Total expenses, GAAP basis		$	2,028		$	1,850		$	1,892		$	2,057		$	2,097		$	2,134		$	1,962		$	1,857		(9.7	)%	(5.4	)%	$	7,827		$	8,050		2.8	%
	Severance costs associated with staffing realignment	(72		)	(4		)	2			(10		)	1			—			(75		)	1							(84		)	(73		)
	Provisions for legal contingencies	(6		)	—			(66		)	(115		)	(150		)	(250		)	—			(15		)					(187		)	(415		)
	Expense billing matter	—			—			—			—			—			—			—			(17		)					—			(17		)
	Acquisition costs	(21		)	(15		)	(12		)	(10		)	(5		)	(3		)	(7		)	(5		)					(58		)	(20		)
	Restructuring charges, net	(12		)	(13		)	(8		)	(42		)	(1		)	—			(3		)	(1		)					(75		)	(5		)
Total expenses, operating basis^2,3,4		$	1,917		$	1,818		$	1,808		$	1,880		$	1,942		$	1,881		$	1,877		$	1,820		(3.2	)	(3.0	)	$	7,423		$	7,520		1.3

Compensation and Employee Benefits Expenses:
Total compensation and employee benefits expenses, GAAP basis		$	1,157		$	978		$	953		$	972		$	1,087		$	984		$	1,051		$	939		(3.4	)	(10.7	)	$	4,060		$	4,061		—
	Severance costs associated with staffing realignment	(72		)	(4		)	2			(10		)	1			—			(75		)	1							(84		)	(73		)
Total compensation and employee benefits expenses, operating basis		$	1,085		$	974		$	955		$	962		$	1,088		$	984		$	976		$	940		(2.3	)	(3.7	)	$	3,976		$	3,988		0.3

Other Expenses:
Total other expenses, GAAP basis		$	289		$	292		$	359		$	473		$	447		$	588		$	325		$	345		(27.1	)	6.2		$	1,413		$	1,705		20.7
	Provisions for legal contingencies	(6		)	—			(66		)	(115		)	(150		)	(250		)	—			(15		)					(187		)	(415		)
	Expense billing matter	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	(17	)					$	—		$	(17	)
Total other expenses, operating basis		$	283		$	292		$	293		$	358		$	297		$	338		$	325		$	313		(12.6	)	(3.7	)	$	1,226		$	1,273		3.8

Income Before Income Tax Expense¹:
Income before income tax expense, GAAP basis¹		$	450		$	741		$	682		$	564		$	499		$	472		$	647		$	680		20.6		5.1		$	2,437		$	2,298		(5.7	)
	Net pre-tax effect of non-operating adjustments to revenue and expenses	185			110			180			271			227			372			113			87							746			799
Income before income tax expense, operating basis¹		$	635		$	851		$	862		$	835		$	726		$	844		$	760		$	767		(8.1	)	0.9		$	3,183		$	3,097		(2.7	)

Pre-tax operating margin¹:
Pre-tax operating margin, GAAP basis¹		18.1		%	28.6		%	26.5		%	21.5		%	19.2		%	18.1		%	24.8		%	26.8		%					23.7		%	22.2		%
	Net effect of non-operating adjustments	6.8			3.3			5.8			9.2			8.0			12.8			4.0			2.8							6.3			6.9
Pre-tax operating margin, operating basis^1,6		24.9		%	31.9		%	32.3		%	30.7		%	27.2		%	30.9		%	28.8		%	29.6		%					30.0		%	29.1		%

Income Tax Expense¹:
Income tax expense, GAAP basis¹		$	91		$	122		$	126		$	76		$	94		$	54		$	67		$	103		35.5		53.7		$	415		$	318		(23.4	)
	Aggregate tax-equivalent adjustments	101			106			129			125			97			142			138			155							461			532
	Gain on sale of CRE and paydown of CRE loan	—			—			—			—			—			—			(34		)	(33		)					—			(67		)
	Italian deferred tax liability	—			—			—			—			—			—			59			—							—			59
	One-time Italian tax on banks and insurance companies	(11		)	—			—			—			—			—			—			—							(11		)	—
	Net tax effect of non-operating adjustments	18			3			12			37			16			54			13			18							70			101
Income tax expense, operating basis¹		$	199		$	231		$	267		$	238		$	207		$	250		$	243		$	243		2.1		—		$	935		$	943		0.9



STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
RECONCILIATIONS OF OPERATING-BASIS (NON-GAAP) FINANCIAL INFORMATION (Continued)

		Quarters																								% Change						Year-to-Date						% Change
(Dollars in millions, except per share amounts, or where otherwise noted)		1Q14			2Q14			3Q14			4Q14			1Q15			2Q15			3Q15			4Q15			4Q15 vs. 4Q14			4Q15 vs. 3Q15			2014			2015			2015 vs. 2014
Effective Tax Rate¹:
Income before income tax expense, operating basis¹		$	635		$	851		$	862		$	835		$	726		$	844		$	760		$	767								$	3,183		$	3,097
Income tax expense, operating basis¹		199			231			267			238			207			250			243			243									935			943
Effective tax rate, operating basis¹		31.2		%	27.1		%	31.0		%	28.6		%	28.4		%	29.6		%	32.0		%	31.8		%							29.4		%	30.4		%

Net Income Available to Common Shareholders¹:
Net income available to common shareholders, GAAP basis¹		$	352		$	599		$	538		$	469		$	373		$	389		$	539		$	547		16.6	%		1.5	%		$	1,958		$	1,848		(5.6	)%
Net after-tax effect of non-operating adjustments to processing fees and other revenue, net interest revenue, expenses and income tax expense		77			1			39			109			114			176			(63		)	(53		)							226			174
Net income available to common shareholders, operating basis¹		$	429		$	600		$	577		$	578		$	487		$	565		$	476		$	494		(14.5	)		3.8			$	2,184		$	2,022		(7.4	)

Diluted Earnings per Common Share¹:
Diluted earnings per common share, GAAP basis¹		$	.80		$	1.38		$	1.25		$	1.11		$	.89		$	.93		$	1.31		$	1.34		20.7			2.3			$	4.53		$	4.47		(1.3	)
	Severance costs	.11			.01			—			.01			—			—			.11			—									.13			.11
	Provisions for legal contingencies	.01			—			.12			.22			.36			.37			—			.02									.34			.76
	Expense billing matter	—			—			—			—			—			—			—			.03									—			.03
	Acquisition costs	.03			.02			.02			.01			.01			—			.01			.01									.09			.03
	Restructuring charges, net	.02			.02			.01			.06			—			—			—			—									.11			.01
	Effect on income tax of non-operating adjustments	.02			—			(.01		)	(.01		)	(.06		)	.08			.02			(.04		)							—			—
	Discount accretion associated with former conduit securities	(.04		)	(.04		)	(.05		)	(.04		)	(.04		)	(.02		)	(.04		)	(.03		)							(.17		)	(.14		)
	Gain on sale of CRE and paydown of CRE loan	—			—			—			—			—			—			(.12		)	(.12		)							—			(.24		)
	Italian deferred tax liability	—			—			—			—			—			—			(.14		)	—									—			(.14		)
	One-time Italian tax on banks and insurance companies	.03			—			—			—			—			—			—			—									.02			—
Diluted earnings per common share, operating basis¹		$	.98		$	1.39		$	1.34		$	1.36		$	1.16		$	1.36		$	1.15		$	1.21		(11.0	)		5.2			$	5.05		$	4.89		(3.2	)

Return on Average Common Equity¹:
Return on average common equity, GAAP basis¹		7.2		%	11.9		%	10.6		%	9.4		%	7.9		%	8.2		%	11.3		%	11.6		%	220		bps	30		bps	9.8		%	9.8		%	—		bps
	Severance costs	1.0			—			—			.1			—			—			1.0			—									.3			.2
	Provisions for legal contingencies	.1			—			.9			1.8			3.2			3.3			—			.2									.7			1.6
	Expense billing matter	—			—			—			—			—			—			—			.3									—			.1
	Acquisition costs	.3			.2			.2			.2			.1			—			.1			.1									.2			.1
	Restructuring charges, net	.1			.1			.1			.6			—			—			—			—									.2			—
	Effect on income tax of non-operating adjustments	.2			—			—			(.1		)	(.5		)	.7			.1			(.3		)							—			—
	Discount accretion associated with former conduit securities	(.3		)	(.3		)	(.4		)	(.4		)	(.3		)	(.3		)	(.3		)	(.3		)							(.4		)	(.3		)
	Gain on sale of CRE and paydown of CRE loan	—			—			—			—			—			—			(1.0		)	(1.1		)							—			(.5		)
	Italian deferred tax liability	—			—			—			—			—			—			(1.2		)	—									—			(.3		)
	One-time Italian tax on banks and insurance companies	.2			—			—			—			—			—			—			—									.1			—
Return on average common equity, operating basis¹		8.8		%	11.9		%	11.4		%	11.6		%	10.4		%	11.9		%	10.0		%	10.5		%	(110	)		50			10.9		%	10.7		%	(20	)

STATE STREET CORPORATION

EARNINGS RELEASE ADDENDUM

RECONCILIATIONS OF OPERATING-BASIS (NON-GAAP) FINANCIAL INFORMATION (Continued)

¹ Amounts for the quarterly and annual periods of 2014 as well as the quarterly periods ending March 31, 2015, June 30, 2015 and September 30, 2015 have been revised to reflect adjustments related to certain expenses billed to our asset servicing clients as more fully described within the Reconciliation of Previously Reported and Revised Financial Information, on page 20 of this earnings release addendum.

²For the quarters ended December 31, 2015 and December 31, 2014, negative operating leverage in the year-over-year comparison was approximately 163 basis points, based on an decrease in total operating-basis revenue of 4.82% and an decrease in total operating-basis expenses of 3.19%.

³For the quarters ended December 31, 2015 and September 30, 2015, positive operating leverage in the quarter-over-quarter comparison was approximately 100 basis points, based on an decrease in total operating-basis revenue of 2.04% and a decrease in total operating-basis expenses of 3.04%.

⁴ For the years ended December 31, 2015 and December 31, 2014, negative operating leverage in the year-over-year comparison was approximately 119 basis points, based on an increase in total operating-basis revenue of 0.12% and an increase in total operating-basis expenses of 1.31%.

⁵Fully taxable-equivalent net interest margin for the first, second, third and fourth quarters of 2014 and first, second, third and fourth quarters of 2015 represented fully taxable-equivalent net interest revenue of $599 million, $603 million, $613 million, $618 million, $590 million, $579 million, 556 million and $536 million, respectively (GAAP-basis net interest revenue of $555 million, $561 million, $570 million, $574 million, $546 million, $535 million $513 million and $494 million plus tax-equivalent adjustments of $44 million, $42 million, $43 million, $44 million, $44 million, $44 million $43 million and $42 million, respectively), on an annualized basis, as a percentage of average total interest-earning assets for the quarters presented.

⁶Pre-tax operating margin for the first, second, third and fourth quarters of 2014 and first, second, third and fourth quarters of 2015 was calculated by dividing income before income tax expense by total revenue.

STATE STREET CORPORATION

EARNINGS RELEASE ADDENDUM

REGULATORY CAPITAL

The accompanying materials present capital ratios in addition to, or adjusted from, those calculated in conformity with applicable regulatory requirements. These include capital ratios based on tangible common equity, as well as capital ratios adjusted to reflect our estimate of the impact of the relevant Basel III requirements, as specified in the July 2013 final rule issued by the Board of Governors of the Federal Reserve System, referred to as the Basel III final rule. These non-regulatory and adjusted capital measures are non-GAAP financial measures. Management currently calculates the non-GAAP capital ratios presented in the news release to aid in its understanding of State Street’s capital position under a variety of standards, including currently applicable and transitioning regulatory requirements. Management believes that the use of the non-GAAP capital ratios presented in the accompanying materials similarly aids in an investor's understanding of State Street's capital position and therefore is of interest to investors.

The common equity tier 1 risk-based capital, or CET1, tier 1 risk-based capital, total risk-based capital and tier 1 leverage ratios have each been calculated in conformity with applicable regulatory requirements as of the dates that each was first publicly disclosed. The capital component, or numerator, of these ratios was calculated in conformity with the provisions of the Basel III final rule. As of June 30, 2014, September 30, 2014 and December 31, 2014, the total risk-weighted assets component, or denominator, used in the calculation of the CET1, tier 1 risk-based capital and total risk-based capital ratios were each calculated in conformity with both the advanced approaches and transitional provisions of Basel III, as the case may be. As of March 31, 2015, June 30, 2015, September 30, 2015 and December 31, 2015, the total risk-weighted assets component, or denominator, used in the calculation of the CET1, tier 1 risk-based capital and total risk-based capital ratios were each calculated in conformity with the advanced approaches and standardized approach provisions of Basel III, as the case may be.

The tangible common equity, or TCE, ratio is an additional capital ratio that management believes provides context useful in understanding and assessing State Street's capital adequacy. The TCE ratio is calculated by dividing consolidated total common shareholders’ equity by consolidated total assets, after reducing both amounts by goodwill and other intangible assets net of related deferred taxes. Total assets reflected in the TCE ratio also exclude cash balances on deposit at the Federal Reserve Bank and other central banks in excess of required reserves. The TCE ratio is not required by GAAP or by banking regulations, but is a metric used by management to evaluate the adequacy of State Street’s capital levels. Since there is no authoritative requirement to calculate the TCE ratio, our TCE ratio is not necessarily comparable to similar capital measures disclosed or used by other companies in the financial services industry. Tangible common equity and adjusted tangible assets are non-GAAP financial measures and should be considered in addition to, not as a substitute for or superior to, financial measures determined in accordance with GAAP or other applicable requirements. Reconciliations with respect to the calculation of the TCE ratios are provided on page 14 of this earnings release addendum.

The following table presents State Street's regulatory capital ratios and underlying components, calculated in conformity with applicable regulatory requirements as described above.



	Quarters
	2Q14						3Q14						4Q14						1Q15						2Q15						3Q15						4Q15
(Dollars in millions)	Basel III Advanced Approach³			Basel III Transitional Approach²			Basel III Advanced Approach³			Basel III Transitional Approach²			Basel III Advanced Approach³			Basel III Transitional Approach²			Basel III Advanced Approach³			Basel III Standardized Approach⁴			Basel III Advanced Approach³			Basel III Standardized Approach⁴			Basel III Advanced Approach³			Basel III Standardized Approach⁴			Basel III Advanced Approach³			Basel III Standardized Approach⁴
RATIOS:
Common equity tier 1 capital¹	12.6		%	15.8		%	12.6		%	14.9		%	12.4		%	14.7		%	12.0		%	10.2		%	12.0		%	11.4		%	12.0		%	11.8		%	12.5		%	12.9		%
Tier 1 capital¹	14.0			17.6			14.0			16.5			14.5			17.3			14.0			12.0			14.7			14.0			14.7			14.5			15.3			15.9
Total capital¹	16.0			20.1			16.1			18.9			16.4			19.6			16.1			13.7			16.8			16.0			16.8			16.6			17.4			18.1
Tier 1 leverage¹	6.8			6.8			6.3			6.3			6.3			6.3			5.8			5.8			6.0			6.0			6.3			6.3			6.9			6.9

Supporting Calculations:

Common equity tier 1 capital¹	$	14,027		$	14,027		$	13,639		$	13,639		$	13,327		$	13,327		$	12,494		$	12,494		$	12,559		$	12,559		$	12,515		$	12,515		$	12,433		$	12,433
Total risk-weighted assets	111,015			88,607			108,078			91,800			107,827			90,412			103,998			121,946			104,533			109,788			104,365			105,765			99,807			96,103
Common equity tier 1 risk-based capital¹	12.6		%	15.8		%	12.6		%	14.9		%	12.4		%	14.7		%	12.0		%	10.2		%	12.0		%	11.4		%	12.0		%	11.8		%	12.5		%	12.9		%

Tier 1 capital¹	$	15,570		$	15,570		$	15,176		$	15,176		$	15,618		$	15,618		$	14,598		$	14,598		$	15,401		$	15,401		$	15,361		$	15,361		$	15,264		$	15,264
Total risk-weighted assets	111,015			88,607			108,078			91,800			107,827			90,412			103,998			121,946			104,533			109,788			104,365			105,765			99,807			96,103
Tier 1 risk-based capital ratio¹	14.0		%	17.6		%	14.0		%	16.5		%	14.5		%	17.3		%	14.0		%	12.0		%	14.7		%	14.0		%	14.7		%	14.5		%	15.3		%	15.9		%

Total capital¹	$	17,786		$	17,786		$	17,392		$	17,392		$	17,715		$	17,715		$	16,752		$	16,752		$	17,554		$	17,554		$	17,526		$	17,583		$	17,349		$	17,403
Total risk-weighted assets	111,015			88,607			108,078			91,800			107,827			90,412			103,998			121,946			104,533			109,788			104,365			105,765			99,807			96,103
Total risk-based capital ratio¹	16.0		%	20.1		%	16.1		%	18.9		%	16.4		%	19.6		%	16.1		%	13.7		%	16.8		%	16.0		%	16.8		%	16.6		%	17.4		%	18.1		%

Tier 1 capital¹	$	15,570		$	15,570		$	15,176		$	15,176		$	15,618		$	15,618		$	14,598		$	14,598		$	15,401		$	15,401		$	15,361		$	15,361		$	15,264		$	15,264
Adjusted quarterly average assets	227,815			227,815			240,529			240,529			247,740			247,740			252,406			252,406			257,227			257,227			244,553			244,553			221,880			221,880
Tier 1 leverage ratio¹	6.8		%	6.8		%	6.3		%	6.3		%	6.3		%	6.3		%	5.8		%	5.8		%	6.0		%	6.0		%	6.3		%	6.3		%	6.9		%	6.9		%




¹ Amounts for the quarterly and annual periods of 2014 as well as the quarterly periods ending March 31, 2015, June 30, 2015 and September 30, 2015 have been revised to reflect adjustments related to certain expenses billed to our asset servicing clients as more fully described within the Reconciliation of Previously Reported and Revised Financial Information, on page 20 of this earnings release addendum.
² CET1, tier 1 capital, total capital, and tier 1 leverage ratios as of June 30, 2014, September 30, 2014 and December 31, 2014 were calculated in conformity with the transitional provisions of the Basel III final rule. Specifically, these ratios reflect total and tier 1 capital, as applicable (the numerator), calculated in conformity with the advanced approaches 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.
³CET1, tier 1 capital, total capital and tier 1 leverage ratios as of June 30, 2014, September 30, 2014, December 31, 2014, March 31, 2015, June 30, 2015, September 30, 2015 and December 31, 2015 were calculated in conformity with the advanced approaches provisions of the Basel III final rule.
⁴ CET1, tier 1 capital, total capital, and tier 1 leverage ratios as of March 31, 2015, June 30, 2015, September 30, 2015 and December 31, 2015 were calculated in conformity with the standardized approaches provisions of the Basel III final rule.



STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
RECONCILIATION OF TANGIBLE COMMON EQUITY RATIO

The following table presents the calculation of State Street's ratios of tangible common equity to total tangible assets.

(Dollars in millions)		2Q14			3Q14			4Q14			1Q15			2Q15			3Q15			4Q15
Consolidated total assets		$	282,324		$	274,805		$	274,119		$	279,476		$	294,571		$	247,274		$	245,192
Less:
Goodwill		6,037			5,899			5,826			5,663			5,729			5,716			5,671
Other intangible assets		2,247			2,121			2,025			1,892			1,871			1,820			1,768
Cash balances held at central banks in excess of required reserves		87,081			74,570			83,402			71,740			106,202			60,160			66,259
Adjusted assets		186,959			192,215			182,866			200,181			180,769			179,578			171,494
Plus related deferred tax liabilities		898			874			821			814			834			713			694
Total tangible assets	A	187,857			193,089			183,687			200,995			181,603			180,291			172,188
Consolidated total common shareholders' equity¹		$	20,329		$	19,782		$	19,367		$	18,709		$	18,643		$	18,640		$	18,399
Less:
Goodwill		6,037			5,899			5,826			5,663			5,729			5,716			5,671
Other intangible assets		2,247			2,121			2,025			1,892			1,871			1,820			1,768
Adjusted equity¹		12,045			11,762			11,516			11,154			11,043			11,104			10,960
Plus related deferred tax liabilities		898			874			821			814			834			713			694
Total tangible common equity¹	B	$	12,943		$	12,636		$	12,337		$	11,968		$	11,877		$	11,817		$	11,654
Tangible common equity ratio¹	B/A	6.9		%	6.5		%	6.7		%	6.0		%	6.5		%	6.6		%	6.8		%

¹ Amounts for the quarterly and annual periods of 2014 as well as the quarterly periods ending March 31, 2015, June 30, 2015 and September 30, 2015 have been revised to reflect adjustments related to certain expenses billed to our asset servicing clients as more fully described within the Reconciliation of Previously Reported and Revised Financial Information, on page 20 of this earnings release addendum.



STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
RECONCILIATION OF FULL PHASE-IN CAPITAL RATIOS

Fully phased-in pro-forma estimates of common equity tier 1 capital include 100% of the accumulated other comprehensive income component of common shareholder’s equity, including accumulated other comprehensive income attributable to available-for-sale securities, cash flow hedges and defined benefit pension plans, as well as 100% of applicable deductions, including but not limited to, intangible assets net of deferred tax liabilities. Fully phased-in pro-forma estimates of tier 1 and total capital both reflect the transition of trust preferred capital securities from tier 1 capital to total capital. For both Basel III advanced and standardized approaches, fully phased-in pro-forma estimates of risk-weighted assets reflect the exclusion of intangible assets, offset by additions related to non-significant equity exposures and deferred tax assets related to temporary differences. All fully phased-in ratios are preliminary estimates, based on our interpretations of the Basel III final rule as of the date each such ratio was first announced publicly and as applied to our businesses and operations as of the date of such ratio.
The following tables reconcile our fully phased-in estimated pro-forma common equity tier 1 capital, tier 1 capital, total capital and tier 1 leverage ratios, calculated in conformity with the Basel III final rule, as of the dates indicated, to those same ratios calculated in conformity with the applicable regulatory requirements as of such dates.

As of December 31, 2015 (Dollars in millions)	Basel III Advanced Approaches			Phase-In Provisions			Basel III Advanced Approaches Fully Phased-In Pro-Forma Estimate			Basel III Standardized Approach			Phase-In Provisions			Basel III Standardized Approach Fully Phased-In Pro-Forma Estimate
Common equity tier 1 capital	$	12,433		$	(929	)	$	11,504		$	12,433		$	(929	)	$	11,504
Tier 1 capital	15,264			(1,076		)	14,188			15,264			(1,076		)	14,188
Total capital	17,349			(946		)	16,403			17,403			(946		)	16,457
Risk weighted assets	99,807			(405		)	99,402			96,103			(382		)	95,721
Adjusted average assets	221,880			(546		)	221,334			221,880			(546		)	221,334

Capital ratios:
Common equity tier 1 capital	12.5		%				11.6		%	12.9		%				12.0		%
Tier 1 capital	15.3						14.3			15.9						14.8
Total capital	17.4						16.5			18.1						17.2
Tier 1 leverage	6.9						6.4			6.9						6.4

As of September 30, 2015 (Dollars in millions)	Basel III Advanced Approaches			Phase-In Provisions			Basel III Advanced Approaches Fully Phased-In Pro-Forma Estimate			Basel III Standardized Approach			Phase-In Provisions			Basel III Standardized Approach Fully Phased-In Pro-Forma Estimate
Common equity tier 1 capital¹	$	12,515		$	(855	)	$	11,660		$	12,515		$	(855	)	$	11,660
Tier 1 capital ¹	15,361			(998		)	14,363			15,361			(998		)	14,363
Total capital¹	17,526			(868		)	16,658			17,583			(868		)	16,715
Risk weighted assets	104,365			(478		)	103,887			105,765			(451		)	105,314
Adjusted average assets	244,553			(488		)	244,065			244,553			(488		)	244,065

Capital ratios:
Common equity tier 1 capital¹	12.0		%				11.2		%	11.8		%				11.1		%
Tier 1 capital¹	14.7						13.8			14.5						13.6
Total capital¹	16.8						16.0			16.6						15.9
Tier 1 leverage	6.3						5.9			6.3						5.9

¹ Amounts for the quarterly and annual periods of 2014 as well as the quarterly periods ending March 31, 2015, June 30, 2015 and September 30, 2015 have been revised to reflect adjustments related to certain expenses billed to our asset servicing clients as more fully described within the Reconciliation of Previously Reported and Revised Financial Information, on page 20 of this earnings release addendum.



STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
RECONCILIATION OF FULL PHASE-IN CAPITAL RATIOS

As of June 30, 2015 (Dollars in millions)	Basel III Advanced Approaches			Phase-In Provisions			Basel III Advanced Approaches Fully Phased-In Pro-Forma Estimate			Basel III Standardized Approach			Phase-In Provisions			Basel III Standardized Approach Fully Phased-In Pro-Forma Estimate
Common equity tier 1 capital¹	$	12,559		$	(846	)	$	11,713		$	12,559		$	(846	)	$	11,713
Tier 1 capital ¹	15,401			(985		)	14,416			15,401			(985		)	14,416
Total capital¹	17,554			(855		)	16,699			17,554			(855		)	16,699
Risk weighted assets	104,533			(481		)	104,052			109,788			(453		)	109,335
Adjusted average assets	257,227			(295		)	256,932			257,227			(295		)	256,932

Capital ratios:
Common equity tier 1 capital¹	12.0		%				11.3		%	11.4		%				10.7		%
Tier 1 capital¹	14.7						13.9			14.0						13.2
Total capital¹	16.8						16.0			16.0						15.3
Tier 1 leverage	6.0						5.6			6.0						5.6

As of March 31, 2015 (Dollars in millions)	Basel III Advanced Approaches			Phase-In Provisions			Basel III Advanced Approaches Fully Phased-In Pro-Forma Estimate			Basel III Standardized Approach			Phase-In Provisions			Basel III Standardized Approach Fully Phased-In Pro-Forma Estimate
Common equity tier 1 capital¹	$	12,494		$	(684	)	$	11,810		$	12,494		$	(684	)	$	11,810
Tier 1 capital ¹	14,598			(827		)	13,771			14,598			(827		)	13,771
Total capital¹	16,752			(697		)	16,055			16,752			(697		)	16,055
Risk weighted assets	103,998			(552		)	103,446			121,946			(520		)	121,426
Adjusted average assets	252,406			(215		)	252,191			252,406			(215		)	252,191

Capital ratios:
Common equity tier 1 capital¹	12.0		%				11.4		%	10.2		%				9.7		%
Tier 1 capital¹	14.0						13.3			12.0						11.3
Total capital¹	16.1						15.5			13.7						13.2
Tier 1 leverage	5.8						5.5			5.8						5.5

¹ Amounts for the quarterly and annual periods of 2014 as well as the quarterly periods ending March 31, 2015, June 30, 2015 and September 30, 2015 have been revised to reflect adjustments related to certain expenses billed to our asset servicing clients as more fully described within the Reconciliation of Previously Reported and Revised Financial Information, on page 20 of this earnings release addendum.



STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
RECONCILIATION OF FULL PHASE-IN CAPITAL RATIOS

As of December 31, 2014 (Dollars in millions)	Basel III Advanced Approaches			Phase-In Provisions			Basel III Advanced Approaches Fully Phased-In Pro-Forma Estimate			Basel III Standardized Approach			Phase-In Provisions			Basel III Standardized Approach Fully Phased-In Pro-Forma Estimate
Common equity tier 1 capital¹	$	13,327		$	(1,173	)	$	12,154		$	13,327		$	(1,173	)	$	12,154
Tier 1 capital ¹	15,618			(1,503		)	14,115			15,618			(1,503		)	14,115
Total capital¹	17,715			(1,137		)	16,578			17,715			(1,137		)	16,578
Risk weighted assets	107,827			(1,010		)	106,817			125,011			(953		)	124,058
Adjusted average assets	247,740			(433		)	247,307			247,740			(433		)	247,307

Capital ratios:
Common equity tier 1 capital¹	12.4		%				11.4		%	10.7		%				9.8		%
Tier 1 capital¹	14.5						13.2			12.5						11.4
Total capital¹	16.4						15.5			14.2						13.4
Tier 1 leverage	6.3						5.7			6.3						5.7

¹ Amounts for the quarterly and annual periods of 2014 as well as the quarterly periods ending March 31, 2015, June 30, 2015 and September 30, 2015 have been revised to reflect adjustments related to certain expenses billed to our asset servicing clients as more fully described within the Reconciliation of Previously Reported and Revised Financial Information, on page 20 of this earnings release addendum.



STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
RECONCILIATIONS OF SUPPLEMENTARY LEVERAGE RATIOS

In 2014, U.S. banking regulators issued final rules implementing a supplementary leverage ratio, or SLR, for certain bank holding companies, like State Street, and their insured depository institution subsidiaries, like State Street Bank. We refer to these final rules as the SLR final rule. Under the SLR final rule, upon implementation as of January 1, 2018, (i) State Street Bank must maintain an SLR of at least 6% to be well capitalized under the U.S. banking regulators’ Prompt Corrective Action framework and (ii) if State Street maintains an SLR of at least 5%, it is not subject to limitations on distribution and discretionary bonus payments under the SLR final rule. Beginning with reporting for March 31, 2015, State Street was required to include SLR disclosures with its other Basel disclosures.
Estimated pro forma fully phased-in SLR ratios as of December 31, 2015, September 30, 2015, June 30, 2015 and March 31, 2015 are preliminary estimates by State Street (in each case, fully phased-in as of January 1, 2018, as per the phase-in requirements of the SLR final rule), calculated based on our interpretations of the SLR final rule as of January 27, 2016 and as applied to our businesses and operations as of December 31, 2015, September 30, 2015, June 30, 2015 and March 31, 2015. Estimated pro forma fully phased-in SLR ratios as of December 31, 2014 are preliminary estimates by State Street, calculated based on our interpretations of the SLR final rule as of January 23, 2015 and as applied to our businesses and operations as of December 31, 2014.
The following tables reconcile our estimated pro forma fully-phased in SLR ratios as of December 31, 2015, September 30, 2015, June 30, 2015, March 31, 2015 and December 31, 2014 calculated in conformity with the SLR final rule, as described, to our SLR ratios calculated in conformity with applicable regulatory requirements as of the dates indicated.

	State Street							State Street Bank
As of December 31, 2015 (Dollars in millions)	Transitional SLR				Fully Phased-In SLR			Transitional SLR			Fully Phased-In SLR
Tier 1 Capital	$	15,264		A	$	14,188		$	14,647		$	13,869
On-and off-balance sheet leverage exposure	252,733				252,733			247,736			247,736
Less: regulatory deductions	(5,895		)		(6,440		)	(5,536		)	(6,036		)
Total assets for SLR	246,838			B	246,293			242,200			241,700
Supplementary Leverage Ratio	6.2		%	A/B	5.8		%	6.0		%	5.7		%


	State Street							State Street Bank
As of September 30, 2015 (Dollars in millions)	Transitional SLR				Fully Phased-In SLR			Transitional SLR			Fully Phased-In SLR
Tier 1 Capital¹	$	15,361		C	$	14,363		$	14,863		$	14,162
On-and off-balance sheet leverage exposure	276,673				276,673			271,347			271,347
Less: regulatory deductions	(5,911		)		(6,399		)	(5,550		)	(5,993		)
Total assets for SLR	270,762			D	270,274			265,797			265,354
Supplementary Leverage Ratio¹	5.7		%	C/D	5.3		%	5.6		%	5.3		%


	State Street							State Street Bank
As of June 30, 2015 (Dollars in millions)	Transitional SLR				Fully Phased-In SLR			Transitional SLR			Fully Phased-In SLR
Tier 1 Capital¹	$	15,401		E	$	14,416		$	14,352		$	13,667
On-and off-balance sheet leverage exposure	291,875				291,875			286,851			286,851
Less: regulatory deductions	(6,138		)		(6,930		)	(5,776		)	(6,515		)
Total assets for SLR	285,737			F	284,945			281,075			280,336
Supplementary Leverage Ratio¹	5.4		%	E/F	5.1		%	5.1		%	4.9		%
¹ Amounts for the quarterly and annual periods of 2014 as well as the quarterly periods ending March 31, 2015, June 30, 2015 and September 30, 2015 have been revised to reflect adjustments related to certain expenses billed to our asset servicing clients as more fully described within the Reconciliation of Previously Reported and Revised Financial Information, on page 20 of this earnings release addendum.




STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
RECONCILIATIONS OF SUPPLEMENTARY LEVERAGE RATIOS (Continued)
	State Street							State Street Bank
As of March 31, 2015 (Dollars in millions)	Transitional SLR				Fully Phased-In SLR			Transitional SLR			Fully Phased-In SLR
Tier 1 Capital¹	$	14,598		G	$	13,772		$	13,770		$	13,245
On-and off-balance sheet leverage exposure	288,932				288,932			284,060			284,060
Less: regulatory deductions	(6,088		)		(6,898		)	(5,734		)	(6,489		)
Total assets for SLR	282,844			H	282,034			278,326			277,571
Supplementary Leverage Ratio¹	5.2		%	G/H	4.9		%	4.9		%	4.8		%

	State Street							State Street Bank
As of December 31, 2014 (Dollars in millions)	Transitional SLR				Fully Phased-In SLR			Transitional SLR			Fully Phased-In SLR
Tier 1 Capital¹	$	15,618		I	$	14,116		$	13,897		$	12,957
On-and off-balance sheet leverage exposure	284,740				284,740			280,036			280,036
Less: regulatory deductions	(6,050		)		(7,211		)	(5,705		)	(6,790		)
Total assets for SLR	278,690			J	277,529			274,331			273,246
Supplementary Leverage Ratio¹	5.6		%	I/J	5.1		%	5.1		%	4.7		%

	State Street				State Street Bank
As of September 30, 2014 (Dollars in millions)	Transitional SLR
Tier 1 Capital¹	$	15,176		K	$	14,174
On-and off-balance sheet leverage exposure	276,529				271,547
Less: regulatory deductions	(6,156		)		(5,804		)
Total assets for SLR	270,373			L	265,743
Supplementary Leverage Ratio¹	5.6		%	K/L	5.3		%


	State Street				State Street Bank
As of June 30, 2014 (Dollars in millions)	Transitional SLR
Tier 1 Capital¹	$	15,570		M	$	14,630
On-and off-balance sheet leverage exposure	264,432				259,912
Less: regulatory deductions	(6,308		)		(5,942		)
Total assets for SLR	258,124			N	253,970
Supplementary Leverage Ratio¹	6.0		%	M/N	5.8		%
¹ Amounts for the quarterly and annual periods of 2014 as well as the quarterly periods ending March 31, 2015, June 30, 2015 and September 30, 2015 have been revised to reflect adjustments related to certain expenses billed to our asset servicing clients as more fully described within the Reconciliation of Previously Reported and Revised Financial Information, on page 20 of this earnings release addendum.



STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
RECONCILIATION OF PREVIOUSLY REPORTED AND REVISED FINANCIAL INFORMATION

Prior periods, including Q1 through Q3 of 2015 and all quarters and full year for 2014 have been revised to reflect the impact on those periods of our previously disclosed review of amounts we invoiced clients for certain expenses during an 18 year period. The revision is shown as a reduction in revenue in each period, as well as the cumulative liability and retained earnings impact as of the end of each period presented.

	1Q14									2Q14									3Q14									4Q14									2014
(Dollars in millions, except per share amounts or where otherwise noted)	Reported			Adjustment			Revised			Reported			Adjustment			Revised			Reported			Adjustment			Revised			Reported			Adjustment			Revised			Reported			Adjustment			Revised

Consolidated Results of Operations
Fee revenue:
Servicing fees	$	1,238		$	(5	)	$	1,233		$	1,288		$	(5	)	$	1,283		$	1,302		$	(6	)	$	1,296		$	1,301		$	(5	)	$	1,296		$	5,129		$	(21	)	$	5,108
Total fee revenue	1,924			(5		)	1,919			2,039			(5		)	2,034			2,012			(6		)	2,006			2,056			(5		)	2,051			8,031			(21		)	8,010
Total revenue	2,485			(5		)	2,480			2,598			(5		)	2,593			2,582			(6		)	2,576			2,630			(5		)	2,625			10,295			(21		)	10,274

Income before income tax expense	455			(5		)	450			746			(5		)	741			688			(6		)	682			569			(5		)	564			2,458			(21		)	2,437
Income tax expense	92			(1		)	91			124			(2		)	122			128			(2		)	126			77			(1		)	76			421			(6		)	415

Net income	363			(4		)	359			622			(3		)	619			560			(4		)	556			492			(4		)	488			2,037			(15		)	2,022
Net income available to common shareholders	356			(4		)	352			602			(3		)	599			542			(4		)	538			473			(4		)	469			1,973			(15		)	1,958

Consolidated Statement of Condition
Liabilities:
Accrued expenses and other liabilities	18,457			134			18,591			19,249			138			19,387			22,956			141			23,097			20,237			145			20,382			20,237			145			20,382
Total liabilities	235,390			134			235,524			260,624			138			260,762			253,649			141			253,790			252,646			145			252,791			252,646			145			252,791

Shareholders' Equity:
Retained earnings	13,639			(134		)	13,505			14,114			(138		)	13,976			14,531			(141		)	14,390			14,882			(145		)	14,737			14,882			(145		)	14,737
Total shareholders' equity	21,273			(134		)	21,139			21,700			(138		)	21,562			21,156			(141		)	21,015			21,473			(145		)	21,328			21,473			(145		)	21,328
Total equity	21,273			(134		)	21,139			21,700			(138		)	21,562			21,156			(141		)	21,015			21,473			(145		)	21,328			21,473			(145		)	21,328
Total liabilities and equity	$	256,663		$	—		$	256,663		$	282,324		$	—		$	282,324		$	274,805		$	—		$	274,805		$	274,119		$	—		$	274,119		$	274,119		$	—		$	274,119

Ratios:
Diluted earnings per common share	$	0.81		$	(0.01	)	$	0.80		$	1.38		$	—		$	1.38		$	1.26		$	—		$	1.25		$	1.12		$	—		$	1.11		$	4.57		$	(0.04	)	$	4.53
Return on average common equity	7.2		%	—		%	7.2		%	11.9		%	—		%	11.9		%	10.6		%	—		%	10.6		%	9.4		%	—		%	9.4		%	9.8		%	—		%	9.8		%
Pre-tax operating margin	18.3			(0.2		)	18.1			28.7			(0.1		)	28.6			26.6			(0.1		)	26.5			21.6			(0.1		)	21.5			23.9		%	(0.2		)%	23.7		%
After-tax margin	14.6		%	(0.1		)%	14.5		%	23.9			—			23.9			21.7			(0.1		)	21.6			18.7			(0.1		)	18.6			19.8		%	(0.1		)%	19.7		%
Common equity tier 1 risk-based capital¹	NA			NA			NA			12.8			(0.2		)	12.6			12.8			(0.2		)	12.6			12.5			(0.1		)	12.4			12.5		%	(0.1		)%	12.4		%
Tier 1 risk-based capital¹	NA			NA			NA			14.1			(0.1		)	14.0			14.2			(0.2		)	14.0			14.6			(0.1		)	14.5			14.6		%	(0.1		)%	14.5		%
Total risk-based capital¹	NA			NA			NA			16.1			(0.1		)	16.0			16.2			(0.1		)	16.1			16.6			(0.2		)	16.4			16.6		%	(0.2		)%	16.4		%
Tier 1 leverage¹	NA			NA			NA			6.9			(0.1		)	6.8			6.4			(0.1		)	6.3			6.4			(0.1		)	6.3			6.4		%	(0.1		)%	6.3		%
Tangible common equity	N/A			N/A			N/A			7.0			(0.1		)	6.9			6.6			(0.1		)	6.5			6.8			(0.1		)	6.7			6.8		%	(0.1		)%	6.7		%
Internal capital generation rate	5.0			(0.1		)	4.9			9.4			—			9.4			8.2			(0.1		)	8.1			6.9			—			6.9			7.4		%	—		%	7.4		%
Common dividend payout ratio	31.5			0.3			31.8			21.2			0.1			21.3			23.3			0.1			23.4			26.3			0.2			26.5			24.8		%	0.2		%	25.0		%



STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
RECONCILIATION OF PREVIOUSLY REPORTED AND REVISED FINANCIAL INFORMATION (Continued)

	1Q15									2Q15									3Q15
(Dollars in millions, except per share amounts or where otherwise noted)	Reported			Adjustment			Revised			Reported			Adjustment			Revised			Reported			Adjustment			Revised

Consolidated Results of Operations
Fee revenue:
Servicing fees	$	1,273		$	(5	)	1,268			$	1,325		$	(6	)	1,319			$	1,294		$	(5	)	1,289
Total fee revenue	2,060			(5		)	2,055			2,082			(6		)	2,076			2,108			(5		)	2,103
Total revenue	2,605			(5		)	2,600			2,614			(6		)	2,608			2,619			(5		)	2,614

Income before income tax expense	504			(5		)	499			478			(6		)	472			652			(5		)	647
Income tax expense	95			(1		)	94			56			(2		)	54			68			(1		)	67

Net income	409			(4		)	405			422			(4		)	418			585			(4		)	581
Net income available to common shareholders	377			(4		)	373			393			(4		)	389			543			(4		)	539

Consolidated Statement of Condition
Liabilities:
Accrued expenses and other liabilities	23,610			149			23,759			17,646			153			17,799			15,804			157			15,961
Total liabilities	258,657			149			258,806			273,071			153			273,224			225,742			157			225,899

Shareholders' Equity:
Retained earnings	15,135			(149		)	14,986			15,390			(153		)	15,237			15,795			(157		)	15,638
Total shareholders' equity	20,819			(149		)	20,670			21,500			(153		)	21,347			21,500			(157		)	21,343
Non-controlling interest-equity	—			—			—			—			—			—			32			—			32
Total equity	20,819			(149		)	20,670			21,500			(153		)	21,347			21,532			(157		)	21,375
Total liabilities and equity	$	279,476		$	—		$	279,476		$	294,571		$	—		$	294,571		$	247,274		$	—		$	247,274

Ratios:
Diluted earnings per common share	$	0.90		$	—		$	0.9		$	0.94		$	—		$	0.93		$	1.32		$	—		$	1.31
Return on average common equity	7.9		%	—		%	7.9		%	8.3		%	(0.1		)%	8.2		%	11.3		%	—		%	11.3		%
Pre-tax operating margin	19.3			(0.1		)	19.2			18.3			(0.2		)	18.1			24.9			(0.1		)	24.8
After-tax margin	15.7			(0.1		)	15.6			16.2			(0.2		)	16.0			22.3			(0.1		)	22.2
Common equity tier 1 risk-based capital¹	12.2			(0.2		)	12.0			12.2			(0.2		)	12.0			12.1			(0.1		)	12.0
Tier 1 risk-based capital¹	14.2			(0.2		)	14.0			14.9			(0.2		)	14.7			14.9			(0.2		)	14.7
Total risk-based capital¹	16.3			(0.2		)	16.1			16.9			(0.1		)	16.8			16.9			(0.1		)	16.8
Tier 1 leverage¹	5.8			—			5.8			6.0			—			6.0			6.3			—			6.3
Tangible common equity	6.0			—			6.0			6.6			(0.1		)	6.5			6.6			—			6.6
Internal capital generation rate	5.3			—			5.3			5.3			—			5.3			8.5			(0.2		)	8.3
Common dividend payout ratio	32.8			0.3			33.1			35.3			0.3			35.6			25.3			0.2			25.5



STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
OPERATING-BASIS RECONCILIATION OF PREVIOUSLY REPORTED AND REVISED FINANCIAL INFORMATION

Prior periods, including Q1 through Q3 of 2015 and all quarters and full year for 2014 have been revised to reflect the impact on those periods of our previously disclosed review of amounts we invoiced clients for certain expenses during an 18 year period. The revision is shown as a reduction in revenue in each period, as well as the cumulative liability and retained earnings impact as of the end of each period presented.

	1Q14									2Q14									3Q14									4Q14									2014
(Dollars in millions, except per share amounts or where otherwise noted)	Reported			Adjustment			Revised			Reported			Adjustment			Revised			Reported			Adjustment			Revised			Reported			Adjustment			Revised			Reported			Adjustment			Revised

Consolidated Results of Operations
Fee revenue:
Servicing fees	$	1,238		$	(5	)	$	1,233		$	1,288		$	(5	)	$	1,283		$	1,302		$	(6	)	$	1,296		$	1,301		$	(5	)	$	1,296		$	5,129		$	(21	)	$	5,108
Total fee revenue	1,981			(5		)	1,976			2,103			(5		)	2,098			2,098			(6		)	2,092			2,137			(5		)	2,132			8,319			(21		)	8,298
Total revenue	2,559			(5		)	2,554			2,676			(5		)	2,671			2,678			(6		)	2,672			2,724			(5		)	2,719			10,637			(21		)	10,616

Income before income tax expense	640			(5		)	635			856			(5		)	851			868			(6		)	862			840			(5		)	835			3,204			(21		)	3,183
Income tax expense	200			(1		)	199			233			(2		)	231			269			(2		)	267			239			(1		)	238			941			(6		)	935

Net income	440						436			623			(3		)	620			599			(4		)	595			601			(4		)	597			2,263			(15		)	2,248
Net income available to common shareholders	433			(4		)	429			603			(3		)	600			581			(4		)	577			582			(4		)	578			2,199			(15		)	2,184

Consolidated Statement of Condition
Liabilities:
Accrued expenses and other liabilities	18,457			134			18,591			19,249			138			19,387			22,956			141			23,097			20,237			145			20,382			20,237			145			20,382
Total liabilities	235,390			134			235,524			260,624			138			260,762			253,649			141			253,790			252,646			145			252,791			252,646			145			252,791

Shareholders' Equity:
Retained earnings	13,639			(134		)	13,505			14,114			(138		)	13,976			14,531			(141		)	14,390			14,882			(145		)	14,737			14,882			(145		)	14,737
Total shareholders' equity	21,273			(134		)	21,139			21,700			(138		)	21,562			21,156			(141		)	21,015			21,473			(145		)	21,328			21,473			(145		)	21,328
Total equity	21,273			(134		)	21,139			21,700			(138		)	21,562			21,156			(141		)	21,015			21,473			(145		)	21,328			21,473			(145		)	21,328
Total liabilities and equity	$	256,663		$	—		$	256,663		$	282,324		$	—		$	282,324		$	274,805		$	—		$	274,805		$	274,119		$	—		$	274,119		$	274,119		$	—		$	274,119

Ratios:
Diluted earnings per common share	$	0.99		$	(0.01	)	$	0.98		$	1.39		$	—		$	1.39		$	1.35		$	(0.01	)	$	1.34		$	1.37		$	(0.01	)	$	1.36		$	5.09		$	(0.04	)	$	5.05
Return on average common equity	8.8		%	—		%	8.8		%	11.9		%	—		%	11.9		%	11.4		%	—		%	11.4		%	11.6		%	—		%	11.6		%	10.9		%	—		%	10.9		%
Pre-tax operating margin	25.0			(0.1		)	24.9			32.0			(0.1		)	31.9			32.4			(0.1		)	32.3			30.8			(0.1		)	30.7			30.1			(0.1		)	30.0
After-tax margin	17.0			(0.2		)	16.8			22.6			(0.1		)	22.5			21.7			(0.1		)	21.6			21.4			(0.1		)	21.3			20.7			(0.1		)	20.6
Common equity tier 1 risk-based capital¹	NA			NA			NA			12.8			(0.2		)	12.6			12.8			(0.2		)	12.6			12.5			(0.1		)	12.4			12.5			(0.1		)	12.4
Tier 1 risk-based capital¹	NA			NA			NA			14.1			(0.1		)	14.0			14.2			(0.2		)	14.0			14.6			(0.1		)	14.5			14.6			(0.1		)	14.5
Total risk-based capital¹	NA			NA			NA			16.1			(0.1		)	16.0			16.2			(0.1		)	16.1			16.6			(0.2		)	16.4			16.6			(0.2		)	16.4
Tier 1 leverage¹	NA			NA			NA			6.9			(0.1		)	6.8			6.4			(0.1		)	6.3			6.4			(0.1		)	6.3			6.4			(0.1		)	6.3
Tangible common equity	N/A			N/A			N/A			7.0			(0.1		)	6.9			6.6			(0.1		)	6.5			6.8			(0.1		)	6.7			6.8			(0.1		)	6.7
Internal capital generation rate	6.6			(0.1		)	6.5			9.4			—			9.4			8.9			—			8.9			9.1			—			9.1			8.5			—			8.5
Common dividend payout ratio	25.8			0.3			26.1			21.1			0.2			21.3			21.7			0.2			21.9			21.4			0.2			21.6			22.3			0.1			22.4

⁽¹⁾CET1, tier 1 capital, total capital and tier 1 leverage ratios as of June 30, 2014, September 30, 2014, December 31, 2014, March 31, 2015, June 30, 2015, September 30, 2015 and December 31, 2015 were calculated in conformity with the advanced approaches provisions of the Basel III final rule.



STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
OPERATING-BASIS RECONCILIATION OF PREVIOUSLY REPORTED AND REVISED FINANCIAL INFORMATION (Continued)

Prior periods, including Q1 through Q3 of 2015 and all quarters and full year for 2014 have been revised to reflect the impact on those periods of our previously disclosed review of amounts we invoiced clients for certain expenses during an 18 year period. The revision is shown as a reduction in revenue in each period, as well as the cumulative liability and retained earnings impact as of the end of each period presented.

	1Q15									2Q15									3Q15
(Dollars in millions, except per share amounts or where otherwise noted)	Reported			Adjustment			Revised			Reported			Adjustment			Revised			Reported			Adjustment			Revised

Consolidated Results of Operations
Fee revenue:
Servicing fees	$	1,273		$	(5	)	$	1,268		$	1,325		$	(6	)	$	1,319		$	1,294		$	(5	)	$	1,289
Total fee revenue	2,113			(5		)	2,108			2,180			(6		)	2,174			2,120			(5		)	2,115
Total revenue	2,677			(5		)	2,672			2,733			(6		)	2,727			2,647			(5		)	2,642

Income before income tax expense	731			(5		)	726			850			(6		)	844			765			(5		)	760
Income tax expense	208			(1		)	207			252			(2		)	250			244			(1		)	243

Net income	523			(4		)	519			598			(4		)	594			522			(4		)	518
Net income available to common shareholders	491			(4		)	487			569			(4		)	565			480			(4		)	476

Consolidated Statement of Condition
Liabilities:
Accrued expenses and other liabilities	23,610			149			23,759			17,646			153			17,799			15,804			157			15,961
Total liabilities	258,657			149			258,806			273,071			153			273,224			225,742			157			225,899

Shareholders' Equity:
Retained earnings	15,135			(149		)	14,986			15,390			(153		)	15,237			15,795			(157		)	15,638
Total shareholders' equity	20,819			(149		)	20,670			21,500			(153		)	21,347			21,500			(157		)	21,343
Non-controlling interest-equity	—			—			—			—			—			—			32			—			32
Total equity	20,819			(149		)	20,670			21,500			(153		)	21,347			21,532			(157		)	21,375
Total liabilities and equity	$	279,476		$	—		$	279,476		$	294,571		$	—		$	294,571		$	247,274		$	—		$	247,274

Ratios:
Diluted earnings per common share	$	1.17		$	(0.01	)	$	1.16		$	1.37		$	—		$	1.36		$	1.16		$	—		$	1.15
Return on average common equity	10.4		%	—		%	10.4		%	12.0		%	(0.1		)%	11.9		%	10.0		%	—		%	10.0		%
Pre-tax operating margin	27.3			(0.1		)	27.2			31.1			(0.2		)	30.9			28.9			(0.1		)	28.8
After-tax margin	18.3			(0.1		)	18.2			20.8			(0.1		)	20.7			18.1			(0.1		)	18.0
Common equity tier 1 risk-based capital¹	12.2			(0.2		)	12.0			12.2			(0.2		)	12.0			12.1			(0.1		)	12.0
Tier 1 risk-based capital¹	14.2			(0.2		)	14.0			14.9			(0.2		)	14.7			14.9			(0.2		)	14.7
Total risk-based capital¹	16.3			(0.2		)	16.1			16.9			(0.1		)	16.8			16.9			(0.1		)	16.8
Tier 1 leverage¹	5.8			—			5.8			6.0			—			6.0			6.3			—			6.3
Tangible common equity	6.0			—			6.0			6.6			(0.1		)	6.5			6.6			—			6.6
Internal capital generation rate	7.8			(0.1		)	7.7			9.0			—			9.0			7.1			(0.1		)	7.0
Common dividend payout ratio	25.1			0.2			25.3			24.4			0.2			24.6			28.6			0.3			28.9



	Exhibit 99.2
STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
December 31, 2015

Table of Contents

	Page
GAAP-Basis Financial Information:
Consolidated Financial Highlights	1
Consolidated Results of Operations	2
Consolidated Statement of Condition	4
Average and Period-End Balance Sheet Trends	5
Average Statement of Condition - Rates Earned and Paid - Fully Taxable-Equivalent Basis	6
Assets Under Custody and Administration	7
Assets Under Management	8

Operating-Basis (Non-GAAP) Financial Information:
Reconciliations of Operating-Basis (Non-GAAP) Financial Information	9

Capital
Regulatory Capital	13
Reconciliation of Tangible Common Equity Ratio	14
Reconciliations of Fully Phased-In Ratios	15
Reconciliations of Supplementary Leverage Ratios	18

Reconciliation of Previously Reported and Revised Financial Information, GAAP basis	20
Reconciliation of Previously Reported and Revised FInancial Information, operating basis	22