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State Street Corp – ‘10-Q’ for 3/31/19 – ‘EX-18.1’

On:  Wednesday, 5/1/19, at 11:26am ET   ·   For:  3/31/19   ·   Accession #:  93751-19-387   ·   File #:  1-07511

Previous ‘10-Q’:  ‘10-Q’ on 10/31/18 for 9/30/18   ·   Next:  ‘10-Q’ on 7/26/19 for 6/30/19   ·   Latest:  ‘10-Q’ on 10/27/23 for 9/30/23   ·   1 Reference:  By:  State Street Corp. – ‘10-K’ on 2/19/21 for 12/31/20

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  As Of               Filer                 Filing    For·On·As Docs:Size

 5/01/19  State Street Corp                 10-Q        3/31/19  127:112M

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   3.67M 
 2: EX-10.1     Material Contract                                   HTML    126K 
 3: EX-10.2     Material Contract -- exhibit102                     HTML    268K 
 4: EX-10.3     Material Contract                                   HTML    615K 
 5: EX-10.4     Material Contract                                   HTML    101K 
 6: EX-10.5     Material Contract                                   HTML    111K 
 7: EX-15       Letter re: Unaudited Interim Financial Info         HTML     36K 
 8: EX-18.1     Letter re: Change in Accounting Principles          HTML     34K 
 9: EX-31.1     Certification -- §302 - SOA'02                      HTML     41K 
10: EX-31.2     Certification -- §302 - SOA'02                      HTML     41K 
11: EX-32       Certification -- §906 - SOA'02                      HTML     38K 
18: R1          Document And Entity Information                     HTML     57K 
19: R2          Consolidated Statement of Income                    HTML    127K 
20: R3          Consolidated Statement of Comprehensive Income      HTML     64K 
21: R4          Consolidated Statement of Comprehensive Income      HTML     48K 
                (Parenthetical)                                                  
22: R5          Consolidated Statement of Condition                 HTML    144K 
23: R6          Consolidated Statement of Condition                 HTML     82K 
                (Parenthetical)                                                  
24: R7          Consolidated Statement of Changes In Shareholders'  HTML     90K 
                Equity                                                           
25: R8          Consolidated Statement of Changes In Shareholders'  HTML     36K 
                Equity (Parenthetical)                                           
26: R9          Consolidated Statement of Cash Flows                HTML    140K 
27: R10         Summary of Significant Accounting Policies          HTML    118K 
28: R11         Fair Value                                          HTML    674K 
29: R12         Investment Securities                               HTML    642K 
30: R13         Loans and Leases                                    HTML    104K 
31: R14         Goodwill and Other Intangible Assets                HTML    117K 
32: R15         Other Assets                                        HTML     59K 
33: R16         Derivative Financial Instruments                    HTML    232K 
34: R17         Offsetting Arrangements                             HTML    244K 
35: R18         Commitments and Guarantees                          HTML     57K 
36: R19         Contingencies                                       HTML     54K 
37: R20         Variable Interest Entities                          HTML     42K 
38: R21         Shareholders' Equity                                HTML    231K 
39: R22         Regulatory Capital                                  HTML    200K 
40: R23         Net Interest Income                                 HTML     63K 
41: R24         Expenses                                            HTML     80K 
42: R25         Occupancy Expense and Information Systems and       HTML    132K 
                Communications Expense                                           
43: R26         Earnings Per Common Share                           HTML     59K 
44: R27         Line of Business Information                        HTML    110K 
45: R28         Revenue from Contracts with Customers               HTML    151K 
46: R29         Non-U.S. Activities                                 HTML     53K 
47: R30         Summary of Significant Accounting Policies          HTML     66K 
                (Policies)                                                       
48: R31         Summary of Significant Accounting Policies          HTML    105K 
                (Tables)                                                         
49: R32         Fair Value (Tables)                                 HTML    678K 
50: R33         Investment Securities (Tables)                      HTML    642K 
51: R34         Loans and Leases (Tables)                           HTML     99K 
52: R35         Goodwill and Other Intangible Assets (Tables)       HTML    120K 
53: R36         Other Assets (Tables)                               HTML     59K 
54: R37         Derivative Financial Instruments (Tables)           HTML    264K 
55: R38         Offsetting Arrangements (Tables)                    HTML    246K 
56: R39         Commitments and Guarantees (Tables)                 HTML     57K 
57: R40         Shareholders' Equity (Tables)                       HTML    245K 
58: R41         Regulatory Capital (Tables)                         HTML    195K 
59: R42         Net Interest Income (Tables)                        HTML     62K 
60: R43         Expenses (Tables)                                   HTML     80K 
61: R44         Occupancy Expense and Information Systems and       HTML    101K 
                Communications Expense (Tables)                                  
62: R45         Earnings Per Common Share (Tables)                  HTML     58K 
63: R46         Line of Business Information (Tables)               HTML    111K 
64: R47         Revenue from Contracts with Customers (Tables)      HTML    147K 
65: R48         Non-U.S. Activities (Tables)                        HTML     51K 
66: R49         Summary of Significant Accounting Policies - New    HTML     44K 
                Accounting Pronouncement (Details)                               
67: R50         Summary of Significant Accounting Policies -        HTML     92K 
                Change in Accounting Policy (Details)                            
68: R51         Fair Value - Schedule of Fair Value Measurements    HTML    221K 
                on a Recurring Basis (Details)                                   
69: R52         Fair Value - Schedule of Fair Value Measurements,   HTML    120K 
                Assets, Using Significant Unobservable Inputs                    
                (Details)                                                        
70: R53         Fair Value - Fair Value Inputs, Assets and          HTML     59K 
                Liabilities, Quantitative Information (Details)                  
71: R54         Fair Value - Carrying Value and Estimated Fair      HTML    104K 
                Value of Financial Instruments (Details)                         
72: R55         Investment Securities - Narrative (Details)         HTML     47K 
73: R56         Investment Securities - Schedule of Marketable      HTML    134K 
                Securities (Details)                                             
74: R57         Investment Securities - Schedule of Gross Pre-Tax   HTML    147K 
                Unrealized Losses on Investment Securities                       
                (Details)                                                        
75: R58         Investment Securities - Schedule of Contractual     HTML    147K 
                Maturities of Debt Securities (Details)                          
76: R59         Investment Securities - Schedule of Credit-Related  HTML     41K 
                Loss Activity Recognized In Earnings (Details)                   
77: R60         Loans and Leases - Narrative (Details)              HTML     54K 
78: R61         Loans and Leases - Net Loans (Details)              HTML     62K 
79: R62         Loans and Leases - Recorded Investment in Each      HTML     55K 
                Class of Total Loans and Leases by Credit Quality                
                Indicator (Details)                                              
80: R63         Loans and Leases - Schedule of Activity In The      HTML     43K 
                Allowance For Loan Losses (Details)                              
81: R64         Goodwill and Other Intangible Assets - Changes In   HTML     54K 
                The Carrying Amount Of Goodwill (Details)                        
82: R65         Goodwill and Other Intangible Assets - Changes In   HTML     58K 
                The Carrying Amount Of Other Intangible Assets                   
                (Details)                                                        
83: R66         Goodwill and Other Intangible Assets - Gross        HTML     55K 
                Carrying Amount, Accumulated Amortization And Net                
                Carrying Amount Of Other Intangible Assets                       
                (Details)                                                        
84: R67         Other Assets (Details)                              HTML     69K 
85: R68         Derivative Financial Instruments - Narrative        HTML     54K 
                (Details)                                                        
86: R69         Derivative Financial Instruments - Schedule of      HTML     60K 
                Outstanding Hedges (Notional Amount) (Details)                   
87: R70         Derivative Financial Instruments - Schedule of The  HTML     66K 
                Fair Values of Derivative Financial Instruments                  
                (Details)                                                        
88: R71         Derivative Financial Instruments - Impact of        HTML     66K 
                Derivatives on Consolidated Statement of Income                  
                (Details)                                                        
89: R72         Derivative Financial Instruments - Carrying Amount  HTML     54K 
                and Cumulative Basis Adjustments for Hedge                       
                Accounting (Details)                                             
90: R73         Derivative Financial Instruments - Impact on        HTML     58K 
                Derivatives and Hedged Items on Consolidated                     
                Statement of Income (Details)                                    
91: R74         Derivative Financial Instruments - Schedule of      HTML     61K 
                Differences Between the Gains (Losses) on the                    
                Derivative and The Gains (Losses) on the Hedged                  
                Item (Details)                                                   
92: R75         Offsetting Arrangements - Narrative (Details)       HTML     39K 
93: R76         Offsetting Arrangements - Assets With Offsetting    HTML     96K 
                Arrangements (Details)                                           
94: R77         Offsetting Arrangements - Liabilities With          HTML     96K 
                Offsetting Arrangements (Details)                                
95: R78         Offsetting Arrangements - Repo, Sec Lending         HTML     69K 
                Transactions Maturity By Category (Details)                      
96: R79         Commitments and Guarantees - Contractual Amounts    HTML     43K 
                of Credit-Related Off-Balance Sheet Financial                    
                Instruments (Details)                                            
97: R80         Commitments and Guarantees - Narrative (Details)    HTML     41K 
98: R81         Commitments and Guarantees - Schedule Of            HTML     42K 
                Repurchase Agreements (Details)                                  
99: R82         Contingencies - Narrative (Details)                 HTML     51K 
100: R83         Variable Interest Entities (Details)                HTML     45K  
101: R84         Shareholders' Equity - Schedule of Preferred Stock  HTML     86K  
                (Details)                                                        
102: R85         Shareholders' Equity - Schedule of Dividends        HTML     71K  
                Declared (Details)                                               
103: R86         Shareholders' Equity - Common Stock (Details)       HTML     43K  
104: R87         Shareholders' Equity - Schedule of Common Stock     HTML     46K  
                (Details)                                                        
105: R88         Shareholders' Equity - Schedule of Accumulated      HTML     62K  
                Other Comprehensive (Loss) Income (Details)                      
106: R89         Shareholders' Equity - Accumulated Other            HTML     82K  
                Comprehensive Income by Component (Details)                      
107: R90         Shareholders' Equity - Adjustments to Accumulated   HTML     67K  
                Other Comprehensive Income (Details)                             
108: R91         Regulatory Capital (Details)                        HTML    117K  
109: R92         Net Interest Income - Components of Interest        HTML     76K  
                Revenue and Interest Expenses (Details)                          
110: R93         Expenses - Schedule of Expenses (Details)           HTML     50K  
111: R94         Expenses - Narrative (Details)                      HTML     50K  
112: R95         Expenses - Restructuring Reserve (Details)          HTML     57K  
113: R96         Occupancy Expense and Information Systems and       HTML     63K  
                Communications Expense - Narrative (Details)                     
114: R97         Occupancy Expense and Information Systems and       HTML     73K  
                Communications Expense - Summary of Lease Cost                   
                (Details)                                                        
115: R98         Occupancy Expense and Information Systems and       HTML     90K  
                Communications Expense - Summary of Future Minimum               
                Lease Payments (Details)                                         
116: R99         Occupancy Expense and Information Systems and       HTML     46K  
                Communications Expense - Summary of Other Lease                  
                Information (Details)                                            
117: R100        Earnings Per Common Share (Details)                 HTML     69K  
118: R101        Line of Business Information - Narrative (Details)  HTML     36K  
119: R102        Line of Business Information - Summary of Line of   HTML     82K  
                Business (Details)                                               
120: R103        Revenue from Contracts with Customers - Narrative   HTML     42K  
                (Details)                                                        
121: R104        Revenue from Contracts with Customers -             HTML    136K  
                Disaggregation of Revenues (Details)                             
122: R105        Non-U.S. Activities - Schedule Of Results From      HTML     46K  
                Non-U.S. Operations (Details)                                    
123: R106        Non-U.S. Activities - Narrative (Details)           HTML     40K  
125: XML         IDEA XML File -- Filing Summary                      XML    232K  
17: XML         XBRL Instance -- stt-2019331_htm                     XML   9.26M 
124: EXCEL       IDEA Workbook of Financial Reports                  XLSX    160K  
13: EX-101.CAL  XBRL Calculations -- stt-20190331_cal                XML    508K 
14: EX-101.DEF  XBRL Definitions -- stt-20190331_def                 XML   1.33M 
15: EX-101.LAB  XBRL Labels -- stt-20190331_lab                      XML   2.65M 
16: EX-101.PRE  XBRL Presentations -- stt-20190331_pre               XML   1.77M 
12: EX-101.SCH  XBRL Schema -- stt-20190331                          XSD    298K 
126: JSON        XBRL Instance as JSON Data -- MetaLinks              567±   893K  
127: ZIP         XBRL Zipped Folder -- 0000093751-19-000387-xbrl      Zip    829K  


‘EX-18.1’   —   Letter re: Change in Accounting Principles


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 C: 
  exhibit181ssclihtcprefle  
Exhibit 18.1 May 1, 2019 Board of Directors State Street Corporation 1 Lincoln Street Boston, MA 02111 Ladies and Gentlemen: Note 1 of the Notes to the consolidated financial statements of State Street Corporation included in its Form 10-Q for the three months ended March 31, 2019, describes a change in the method of accounting for investments in low income housing tax credits investments from the equity method of accounting to the proportional amortization method of accounting. There are no authoritative criteria for determining a ‘preferable’ method of accounting for low income housing tax credit investments based on the particular circumstances; however, we conclude that such change in the method of accounting is to an acceptable alternative method which, based on your business judgment to make this change and for the stated reason, is preferable in your circumstances. We have not conducted an audit in accordance with the standards of the Public Company Accounting Oversight Board (United States) of any financial statements of the Company as of any date or for any period subsequent to December 31, 2018, and therefore we do not express any opinion on any financial statements of State Street Corporation subsequent to that date. Very truly yours, /s/ Ernst & Young LLP Boston, Massachusetts


 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:5/1/19
For Period end:3/31/1913F-HR
12/31/1810-K,  11-K,  13F-HR
 List all Filings 


1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/19/21  State Street Corp.                10-K       12/31/20  166:59M
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Filing Submission 0000093751-19-000387   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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