State Street Corporation (NYSE: STT), one of the world’s leading providers of financial services to institutional investors, today announced that it has developed a suite of money market fund services designed to help advisors comply with new amendments to the Rule 2a-7 regulations governing money market funds. These new capabilities help funds manage new liquidity, maturity and credit quality guidelines for disclosure and reporting.

“This comprehensive suite of money market fund services is specifically designed to help advisors meet the requirements of the regulations without having to invest in additional infrastructure,” said Alan Greene, executive vice president of Global Services for State Street Corporation. “State Street’s solution provides a range of stress tests to help clients assess the stability of their portfolios in times of market turmoil, as well as new calculations, reporting and filings to help clients meet all of the new SEC guidelines.”

The new capabilities include new weighted average life (WAL) calculation and a monthly portfolio of investment statements and data. State Street will also aggregate data to prepare the new Form N-MFP for SEC filing on a monthly basis. The stress tests detail fund performance in response to hypothetical market scenarios, supplying fund managers with the analytical information necessary to assess a fund’s ability to maintain a stable NAV. Pre-set scenarios that are tested include interest rate shifts, increased shareholder redemptions, downgrades or defaults on portfolio securities, widening and narrowing of spreads, and “combination events” – i.e., an amalgamation of interest rate, credit and liquidity tests. The analytics package can also perform historical stress tests based on past crisis events, such as assessing the impact of the market events of September 2008 on a fund’s current portfolio holdings. These stress tests can be generated on a monthly, weekly or daily basis. Additionally, clients can access the advanced capabilities of State Street’s risk experts for support and consulting if required.

About State Street investment Analytics

State Street’s Investment Analytics team offers services through global locations including Alameda, Amsterdam, Boston, Dublin, Edinburgh, Frankfurt, London, Luxembourg, New York, Paris, Sydney, Toronto and Zurich. It calculates performance for over 1100 clients globally on asset volumes exceeding $6.5 trillion.

About State Street

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors, including investment servicing, investment management, and investment research and trading. With $19 trillion in assets under custody and administration and $1.9 trillion in assets under management at March 31, 2010, State Street operates in 25 countries and more than 100 geographic markets worldwide. For more information, visit State Street at www.statestreet.com.

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