State Street Corporation (NYSE:STT) today announced that its Board of Directors has approved a new common stock purchase program authorizing the purchase of up to $1.7 billion of its common stock through March 31, 2015, reinforcing the Company's priority to return capital to its shareholders. This new common stock purchase program authorization follows the 2014 Comprehensive Capital Analysis and Review (CCAR) process under which the Federal Reserve Board reviewed State Street's 2014 capital plan and did not object to the Company's requested capital actions. State Street may commence purchases of its common stock under this new authorization at any time. Stock purchases may be made using various types of transactions, including open-market purchases or transactions off the market, and may also be made under Rule 10b5-1 trading programs. The timing of stock purchases, type of transaction and number of shares purchased will depend on several factors, including market conditions and State Street's capital position, its financial performance and investment opportunities. The common stock purchase program does not have specific price targets and may be suspended at any time. Additionally, the 2014 capital plan includes a proposed dividend rate of $0.30 per share of State Street’s common stock for the second quarter of 2014, subject to consideration and approval by the State Street Board of Directors at its regularly scheduled meeting in May. 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 $27.4 trillion in assets under custody and administration and $2.3 trillion 1 in assets under management at December 31, 2013, State Street operates globally in more than 100 geographic markets worldwide and employs 29,430 worldwide. For more information, visit State Street's website at www.statestreet.com or call +1 877/639-7788 [NEWS STT] toll-free in the United States and Canada, or +1 678/999-4577 outside those countries. Additional Information State Street, like other companies covered by the provisions of Section 165 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, is required to conduct company-run stress tests semi-annually and to disclose summary results of those company-run stress tests under the severely adverse scenario. State Street's disclosure can be found on its website, at www.statestreet.com/stockholder under "Investor Relations".