State Street Bank & Trust
City-funded organization
State Street Bank and Trust Company, headquartered in Boston, Massachusetts, is a subsidiary of State Street Corporation that provides custody, accounting, fund administration, and related securities services to institutional investors, per its SEC filings. The NYC Office of the Comptroller has used State Street for standby bond purchase agreement and letter of credit and liquidity services on the city's General Obligation bonds, including active contracts such as "Liquidity Services for NYC GO 2017 Series A, Subseries A-4" ($4,853,000) and "SBPA NYC GO BOND SERIES 2022 D-3" ($4,526,000). The city has awarded it $53 million since 1994, with 10% of contract value awarded without a fresh competitive bid, and it maintains NYC lobbying filings on procurement of banking and financial services.
- Industry (per city contracts)
- Professional Services
- City contracts (active)
- $18,689,000 · 5 contracts
- Awarded all-time
- $52,840,280 · 20 since 1994, incl. expired
- Paid to date
- $30,042,718
- Won without a fresh bid
- 10% of contract value · $5,243,015 · 5 contracts
- Council members lobbied
- None named (agencies/administration)
- Filings (since 2024)
- 3
- Lobbyist firm(s)
- In-house
- Based in
- Boston, MA (out of state)
- Also appears as
- State Street Bank and Trust Company
Holds contracts at
- Office of the Comptroller City agency
City contracts
Registered city contracts, largest first by current contract value (not amount spent): running now, then registered to start later, then ended. Totals count every registered contract. Each line shows its Checkbook contract ID. The tag on each row is how it was awarded (“no-bid” = non-competitive).
- Liquidity Services for NYC GO 2017 Series A, Subseries A-4 Office of the Comptroller · CT101520260001517 $4,853,000
- SBPA NYC GO BOND SERIES 2022 D-3 Office of the Comptroller · CT101520231402521 $4,526,000
- NYC SBPA GO BOND SERIES '06 I-8 Office of the Comptroller · CT101520151409609 $3,621,000
- RFA SBPA FY19 Series D, Subseries D-4 Office of the Comptroller · CT101520231413651 $3,415,000
- SBPA NYC GO BOND SERIES 2022 D-4 Office of the Comptroller · CT101520231402507 $2,274,000
- PROVIDE LETTER OF CREDIT SERVICES FOR NYC BONDS Office of the Comptroller · CT10159956281 · ended 2022 $17,148,764
- LETTER OF CREDIT AGREEMENT Office of the Comptroller · CT101599B2815 · ended 2023 $9,115,000
- INVESTMENT ADVISORY SERVICES FOR POLICE, FIRE FUNDS & BERS Office of the Comptroller · CT101520090010213 · ended 2011 $3,460,000
- PROVIDE LETTER OF CREDIT SERVICES FOR 2006 SERIES I-8 Office of the Comptroller · CT101520111442287 · ended 2014 $1,624,000
- INVESTMENT ADVISORY SERVICES FOR POLICE, FIRE FUNDS & BERS Office of the Comptroller · CT101520121432102 · ended 2015 $1,320,000
What they lobbied on
subjects from their filings
- Procurement - Banking and financial services