State Street
State Street returned its bailout funds on Jun. 9, 2009
| Disbursed | $2,000,000,000 |
| Returned | $2,000,000,000 |
| Revenue to Gov't | $123,611,111 |
| Profit | $123,611,111 |
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Map: Corporate headquarters of State Street.
Boston,
Mass.
See all recipients in Massachusetts
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State Street was among the eight large U.S. banks to receive the Treasury Department's initial round of capital investments -- money described by Treasury officials not as a bailout, but rather as funds to help bolster "healthy" banks in tough times.
Stress Tested
This company is among the 19 companies that underwent a "stress test." Regulators determined that it does not need to raise additional capital.
See the list of all 19 stress-tested companies here.
Events
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$60M Revenue
Jul. 8, 2009 Warrant Proceeds
Part of Capital Purchase ProgramMore info from www.financialstability.gov -
$556K Revenue
Jun. 17, 2009 Dividend Paid
Part of Capital Purchase ProgramMore info from www.financialstability.gov -
$25M Revenue
Jun. 15, 2009 Dividend Paid
Part of Capital Purchase ProgramMore info from www.financialstability.gov -
$2B Payback
Jun. 9, 2009
The Treasury announces 10 banks have been approved to pay back their TARP funds. State Street announces it is among them.
Part of Capital Purchase ProgramMore info from pr.statestreet.com -
$38M Revenue
May 31, 2009 Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009
Part of Capital Purchase Program -
May 7, 2009 Federal releases the results of its stress tests
According to the results of the Federal Reserve's "stress tests," 10 of the 19 largest banks will have to raise a total of $74.6 billion in additional capital to withstand a dire economic scenario. Ultimately, all of the banks raise the money privately, with the exception of GMAC.
More info from www.propublica.org -
$2B Bailout
Oct. 28, 2008 Purchase - Preferred Stock w/ Warrants
Part of Capital Purchase Program
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 07/08/2009 | Warrant | $60,000,000 | CPP | Warrant Proceeds |
| 06/17/2009 | Dividend | $555,556 | CPP | Dividend Paid |
| 06/15/2009 | Dividend | $25,000,000 | CPP | Dividend Paid |
| 06/09/2009 | Refund | $2,000,000,000 | CPP | |
| 05/31/2009 | Dividend | $38,055,556 | CPP | Dividends Paid Through 5/31/2009 |
| 10/28/2008 | Purchase | $2,000,000,000 | CPP | Purchase - Preferred Stock w/ Warrants |
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