AmericasUnited StatesLicensed-entity research

State Street Bank and Trust Company

State Street Bank and Trust Company (a state-chartered bank in Massachusetts, United States, and a member of the Federal Reserve System; distinct from the holding company State Street Corporation and not an account-opening entity identified solely by the Group brand)

Official public product information shows that State Street provides global custody and cash management services for investment businesses, including securities custody and settlement, and mentions cash management products such as deposit accounts, automated cash sweeps, repos, U.S. Treasury securities, and term deposits. Public pages do not specify this entity’s eligibility rules for individuals, foreign individuals, or foreign companies. This cannot be taken to mean that any applicant can open an account.

Regulator: Federal Reserve System (FFIEC records identify FRS as the primary federal regulator; the Federal Reserve’s official directory lists it as a state member bank in the Boston Fed’s district); the FDIC is the deposit insurer.
Check date: 2026-10-26
Verify status: Some information remains to be confirmed: The FDIC/FFIEC records for the specific US banking entity State Street Bank and Trust Company, certificate number 14, its Federal Reserve supervisory status and State Street's public custody/cash management products have been verified. Eligibility for individuals and overseas companies, product-level account-opening conditions, document lists, remote witnessing, fees and timelines have not been confirmed by the bank's public materials and require written verification.

Research scope and official resources

Topic number:americas-state-street-bank-trust-company

The candidate comes from a group-level mapping of State Street Corporation in a public selection of large financial institutions for 2025/2026; this entry retains the bank entity ID and does not claim a specific ranking for the entity. It is not a current global top 100 ranking, an account admission decision, or a licensing determination.

Bank’s official website

Personal Eligibility and Documents

Public information confirms State Street's global custody and cash management businesses, but the pages reviewed concern investment services/institutional business. They do not confirm that this entity offers public-facing personal checking or savings accounts, or disclose eligibility for U.S.-resident or non-resident individuals, account types, minimum balances, residency restrictions, or application channels. Therefore, the feasibility of opening a personal account and any differences between residents and non-residents must be confirmed in writing by the bank. Group custody services must not be equated with retail personal accounts.

Personal information publicly disclosed or identified

The bank has not published a list of documents for opening a personal account in the public information reviewed. General preparation suggestions (not State Street policy): valid government-issued identification/passport, proof of current and mailing addresses, tax-residency status and applicable TIN details; for payments subject to U.S. withholding tax, prepare W-8BEN if required by the payer. Ask the bank to confirm the types of documents it accepts, authentication methods, and document recency requirements.
General compliance preparation suggestion (not a published requirement of the bank): Explain the expected account use, occupation/income or source of wealth, and prepare verifiable supporting documents. Whether an individual falls within its target customer base and what source-of-funds evidence is required have not been published.

Company eligibility and documents

State Street’s website describes support for opening cash and securities accounts in international investment markets and lists custody and cash management products, confirming that it publicly offers account capabilities related to institutional investment services. However, the page does not list acceptable company types, industries, places of registration, nationalities/residences of beneficial owners, sources of funds, or specific eligibility criteria for overseas entities. Whether a U.S. or overseas company can establish the relevant account relationship directly with State Street Bank and Trust Company, and which institutional client channel to use, must be confirmed in writing with the bank based on the customer entity, product, market, and currency. Public product descriptions are not a promise to open an account.

Company information publicly disclosed or identified

The bank has not published a list of documents for opening a corporate account in the public information reviewed. General preparation suggestions (not State Street policy): certificate of incorporation/good standing, charter or organizational documents, registered and principal business addresses, directors/authorized signatories and account-opening authorization documents, ownership and control structure, and identity details for ultimate beneficial owners and controllers. The bank must confirm the applicable checklist, certification/translation requirements, and document recency requirements.
General tax document preparation guidance (not publicly stated account-opening requirements of this bank): U.S. entities may prepare the applicable federal TIN/EIN and information needed for Form W-9; foreign entities may prepare Form W-8BEN-E for relevant U.S. tax withholding/reporting situations. Applicability of the forms depends on entity classification, account, and income type; submit them as requested in the bank’s tax documentation.
General risk due diligence preparation guidance (not a list published by the bank): A description of the business and account purpose, expected transactions/types of assets, supporting evidence for the source of funds and source of wealth, and information about directors and actual controllers. Whether these are required depends on the bank's risk assessment and written checklist.

Address, tax, and remote / witnessed procedures

Address and tax

The bank’s published page lists a U.S. office address for State Street Bank and Trust Company, but does not state that customers must use a U.S. address or publish acceptance standards for proof of overseas residential/registered addresses. Before applying, it is advisable to prepare a personal residential and mailing address, or the company’s registered and principal business address, and ask whether proof-of-address requirements, mailing addresses and beneficial owners’ addresses may be overseas addresses. U.S. tax status may involve an applicable TIN; the IRS states that Form W-9 is used to provide a TIN to a person required to file information returns, and an EIN is a federal tax identification number for businesses. Foreign individuals/entities may use Form W-8BEN/W-8BEN-E, respectively, when documenting U.S. withholding tax status. These are tax baselines and general preparation guidance, not confirmation that the bank has published account opening tax form requirements. Ask about the applicability of U.S. FATCA rules and the account holder’s tax residence self-certification requirements based on the account and income. This profile does not claim that the United States participates in CRS.

Remote / witnessing

The State Street account-opening and product pages reviewed do not state whether individuals or businesses can open accounts entirely remotely, whether global video witnessing, electronic signatures, third-party witnessing/notarisation are supported, or whether an in-person branch visit is required. Do not assume that global video processing is available or that overseas third-party witnessing is accepted. Ask the bank to confirm in writing the requirements for the applicant’s jurisdiction, document authentication, signing method and whether originals are required.

Public process reference

First, make an institutional customer enquiry through State Street’s official contact channels. Its public contact page provides a switchboard number and contact form, but does not publish a dedicated application line or standard application portal for this product.
Please obtain written confirmation from the bank of the specific account/custody or cash-management product proposed, the legal entity handling the application, whether the applicant is an individual or a legal entity, whether the place of incorporation/residence meets the eligibility requirements, and whether the account is a deposit account or a securities custody account.
If the bank confirms it can accept the application, request its current checklist for customer due diligence, beneficial ownership, address, tax status, source of funds, document certification and signature requirements for the product. Public information does not provide complete steps or a document checklist.
There is a practical application route only after the bank has completed its customer and product review and confirmed account opening, fees, methods for receiving funds/securities and applicable terms. These are verification steps, not a fixed account-opening process published by State Street.

Compliance topics, details, and sources

U.S. Federal AML/KYC and Ongoing Due Diligence

FinCEN's U.S. customer due diligence rules require regulated financial institutions to establish procedures for identifying and verifying customers, understanding the nature and purpose of relationships, developing risk profiles, and conducting ongoing monitoring. The review intensity, source-of-funds documents, risk classification, and account conditions for State Street were not disclosed on the account-opening pages reviewed, so the general compliance baseline should not be treated as the bank's published checklist.

Source:FinCEN — Information on Complying with the Customer Due Diligence Final Rule ；FinCEN — Exceptive Relief to Streamline Customer Due Diligence Requirements

Corporate UBOs/controllers and source of funds

The general baseline under the FinCEN CDD Rule involves identifying and verifying natural persons who directly or indirectly hold 25% or more of the ownership interests in a legal entity customer and one control person, as well as understanding the nature and purpose of the relationship and conducting ongoing monitoring. FinCEN issued an exception ruling on 2026-02-13: covered institutions generally identify and verify beneficial owners when the customer first opens an account at that institution; they must also do so if there is a factual basis for reasonably questioning the reliability of information already obtained, or if required by risk-based ongoing due diligence procedures. This change does not mean the bank necessarily requests documents in a particular format. Source-of-funds or source-of-wealth materials may be prepared as part of general risk-based due diligence; State Street’s specific list has not been found publicly.

Source:FinCEN — Information on Complying with the Customer Due Diligence Final Rule ；FinCEN — Exceptive Relief to Streamline Customer Due Diligence Requirements

U.S. Tax Status, FATCA, and the Scope of CRS

U.S. domestic tax documentation should be determined according to the individual/entity and account type: the IRS explains that Form W-9 is used to provide a TIN; Form W-8BEN is used by foreign individuals to certify foreign status in applicable U.S. withholding situations; Form W-8BEN-E is a relevant tax identity document for foreign entities; and an EIN is a federal tax identification number for businesses. The IRS describes FATCA as a reporting framework involving foreign financial institutions and certain foreign entities reporting information about U.S. account holders. The account-opening bank may separately require tax-residency self-certification or tax forms in its own format. This file does not describe the U.S. as a CRS participant; the bank should confirm actual cross-border reporting obligations based on the account-opening entity, product, and tax residence.

Source:IRS — About Form W-9 ；IRS — About Form W-8 BEN ；IRS — About Form W-8 BEN-E ；IRS — Foreign Account Tax Compliance Act FATCA ；IRS — Employer Identification Numbers

U.S. OFAC Sanctions Screening

OFAC enforces U.S. economic and trade sanctions. U.S. persons, including U.S. citizens, permanent residents, individuals and entities in the United States, and entities organized under U.S. law, must comply with the applicable rules; some rules also apply to non-U.S. persons. Transaction restrictions vary by sanctions program and may include blocking or prohibiting transactions. Whether an applicant or related party is subject to restrictions must be assessed on a case-by-case basis under the rules in force at the time; this file should not be understood as advice on evading screening or as the bank’s complete screening policy.

Source:U.S. Treasury OFAC — Basic Information on OFAC and Sanctions

Deposit insurance records and product distinctions

The FDIC record confirms that this legal entity is an FDIC-insured depository institution. Whether a specific account is an insured deposit, its ownership category, and the applicable coverage must be confirmed separately based on the actual product and account structure. Global custody securities, investment products, and other non-deposit assets cannot be presumed to be FDIC-insured deposits merely because the same bank entity has an FDIC insurance record.

Source:FDIC BankFind Suite — State Street Bank and Trust Company details ；FDIC BankFind API — institution record CERT 14 ；FFIEC National Information Center — State Street Bank and Trust Company, RSSD 35301

Account Opening Compliance Information

Account Opening Compliance and Document Preparation Guide

This page lists separately the requirements published by the bank, local regulations, and document preparation suggestions. Acceptance and specific requirements are subject to confirmation by the bank.

State Street’s public global custody materials describe securities safekeeping and settlement, and state that it can assist with opening cash and securities accounts in international investment markets. Cash management products include deposit accounts, automated sweep arrangements, repurchase agreements, U.S. Treasuries, and time deposits. The page does not identify the specific servicing entity, customer types, or eligibility criteria. Therefore, this guidance applies only to customers intending to inquire about State Street institutional investment services; it does not establish eligibility for personal retail account opening, any particular overseas company, or any applicant. 〔cg-1〕

Date information checked:2026-10-26

Document Preparation Checklist

Customer category, product, and account-opening purpose

Who it applies to: Institutional customers intending to apply for custody, securities account, or related cash management services; this is not a document list for opening a personal checking/savings account.
Documents to Prepare: Prepare a one-page account-purpose statement specifying the applicant, intended custody/cash services, asset or securities categories, and relevant markets and currencies.
Prepare registration/existence documents, organizational documents and, where applicable, publicly available registrations, licenses or business documents describing the nature of its investment or fund business.
If applying as a fund, trustee, or representative of a client, prepare an explanation and supporting documents showing the fund/trust relationship, management authority, and relationship to the proposed account holder.
Description: All of the above are general preparation recommendations to help the bank assess product suitability, not a mandatory document list published by State Street. The public product page confirms only the business scope and account opening services across markets; it does not publish an application channel, eligible customer categories, or the contracting/bookkeeping legal entity. Confirm these details before submitting. The page also does not state whether documents must be notarized, certified, or translated. It is advisable to prepare clear scans and originals for verification, and to confirm the format with the bank first.〔cg-1〕

Source:State Street — Global Custody Services

Company, ownership chain and authorization documents

Who it applies to: Corporate entities, funds, trusts or other institutional applicants; whether a specific legal structure falls within the bank’s CDD definition must be determined by the bank.
Documents to Prepare: Prepare an ownership/control structure chart from the applicant entity through to the ultimate natural-person owners, indicating direct and indirect ownership percentages, controllers and place of registration for each tier. Explain the roles and control arrangements for any trusts or nominee holdings.
Prepare proof of registration/existence, articles or equivalent organizational documents, and the directors’ register, board/authorization resolutions, and proof of identity and authority of authorized signatories.
Compile each relevant individual’s name, date of birth, place of residence and identity-document information, and state their relationship to the applicant. Do not assume which documents or authentication methods the bank accepts.
Description: Under the U.S. FinCEN CDD Rule, covered regulated financial institutions must identify and verify legal-entity customers’ equity owners with 25% or more ownership and one control person. Certain customer categories may fall outside the rule’s definition of a legal-entity customer; applicability must be assessed under the definitions and exceptions. The 2026 ruling relaxed beneficial-owner identification and verification in repeat account openings; it does not mean that banks no longer conduct due diligence. This is the regulatory baseline, not a statement of State Street’s published internal forms or document requirements.〔cg-2〕〔cg-3〕

Source:FinCEN — Information on Complying with the Customer Due Diligence Final Rule；FinCEN — FinCEN Issues Exceptive Relief to Streamline Customer Due Diligence Requirements

Business, expected transactions and source of funds/wealth

Who it applies to: Institutional applicants and, where applicable, their controlling persons/owners; prepare according to customer risk, product, and transaction type.
Documents to Prepare: Prepare a business overview, types of main customers/suppliers or investment targets, regions of operation, main markets, and an explanation of expected cross-border fund flows.
Prepare a projected transaction schedule listing the main transaction types, currencies, monthly or annual volume ranges, payer/payee types, and their relationship to the settlement of assets in custody.
Prepare traceable documents for the source of funds, such as audited financial statements, investment/subscription agreements, asset sale or business income evidence. For an individual’s source of wealth, prepare supporting documents consistent with how the wealth was accumulated.
Description: The FFIEC Examination Manual states that banks should develop customer risk profiles and conduct ongoing monitoring based on risk. In higher-risk situations, banks may consider examining source of funds and wealth, the business, financial statements, main trading regions and volumes, and business operations. These are types of evidence applicants may prepare; they do not mean that State Street will necessarily require each item or has publicly disclosed its risk classifications. [cg-4]

Source:FFIEC BSA/AML Examination Manual — Customer Due Diligence Overview

Due diligence and enhanced verification

Beneficial Owners and Control Relationships

Basis for Verification: The general baseline under the FinCEN CDD Rule requires regulated financial institutions to identify and verify natural persons who directly or indirectly hold 25% or more of the ownership interests in a legal entity customer, as well as one control person; applicability, excluded categories, and specific verification methods must be determined under the regulatory definitions. The FinCEN ruling of 2026-02-13 provides that covered institutions generally identify and verify at the first account opening for that customer at the institution; they must also do so if facts reasonably call into question the reliability of existing information or if required by risk-based ongoing due diligence procedures. 〔cg-2〕〔cg-3〕
Preparation recommendation: It is advisable to map each layer of the ownership and control chain and prepare the basis for percentage calculations, controller identity and authorization documents. For trusts, funds, complex holding structures or cases where no natural person meets the threshold, separately explain governance/control arrangements and confirm with the bank how to complete the forms. Do not assume that submitting a government beneficial ownership filing or qualifying for a particular filing exemption means the bank will no longer make CDD inquiries.
Scope: U.S. regulatory baseline; not a publicly disclosed State Street client checklist or its risk policy.

Source:FinCEN — Information on Complying with the Customer Due Diligence Final Rule；FinCEN — FinCEN Issues Exceptive Relief to Streamline Customer Due Diligence Requirements

Purpose of the business relationship and expected activity

Basis for Verification: CDD rules require procedures to understand the nature and purpose of customer relationships, develop a customer risk profile and conduct ongoing monitoring. The FFIEC manual explains that business type, products and services, geography and expected activity can affect risk assessment. The bank's specific document requirements and approval criteria have not been published.〔cg-2〕〔cg-4〕
Preparation recommendation: Prepare a consistent explanation of the account’s purpose, applicant, assets under custody, expected flow of funds, currencies/markets, transaction frequency and scale. Link expected activity to business contracts, fund documents, audited statements or settlement arrangements; avoid submitting only a generic business overview.
Scope: Regulatory/inspection baseline plus general preparation recommendations; this does not support inferring the bank’s internal limits or target industries.

Source:FinCEN — Information on Complying with the Customer Due Diligence Final Rule；FFIEC BSA/AML Examination Manual — Customer Due Diligence Overview

Source of Funds, Source of Wealth, and Enhanced Scrutiny

Basis for Verification: The FFIEC notes that banks may consider collecting more extensive information for higher-risk customers based on risk, such as source of funds and wealth, business financial statements, business locations, expected transaction volumes, and operational information. The specific level of detail is determined by the bank’s risk-based procedures; no uniform document checklist is established by the public materials cited here. [cg-4]
Preparation recommendation: Explain the source, ownership, and path of each expected incoming payment, and prepare contracts, statements, bank records, or transaction documents that can verify the full chain. The explanation of controllers’ sources of wealth should be consistent with their occupations/business interests and the amounts involved. State why any unavailable documents cannot be provided and propose alternative evidence; ask the bank to confirm whether it will accept it.
Scope: Risk-based regulatory guidance and general preparation suggestions; no public State Street enhanced due diligence thresholds, checklist or acceptance criteria have been found.

Source:FFIEC BSA/AML Examination Manual — Customer Due Diligence Overview

Cross-Border Structures and Tax Information

Basis for Verification: State Street’s public page mentions custody accounts across international investment markets and tax services, but does not disclose customer tax forms, tax-residency self-certification, country eligibility for cross-border customers, or document certification rules. U.S. CDD requirements still require banks to understand customer relationships and conduct ongoing monitoring; the relevant account-opening entity must separately confirm the specific tax forms in light of the customer and product. 〔cg-1〕〔cg-2〕
Preparation recommendation: First list the applicant entity’s and controllers’ place of registration/tax residence, tax identification numbers (if applicable), and cross-border payment/holding markets. Ask which tax forms apply, who must sign them, what changes trigger updates, and whether originals are required. Do not assume in advance that a particular U.S. tax form applies to every entity or account.
Scope: The scope of State Street’s publicly disclosed services is limited; this is a list of points to confirm and general preparation advice, and does not assert any additional cross-border reporting regime.

Source:State Street — Global Custody Services；FinCEN — Information on Complying with the Customer Due Diligence Final Rule

Ongoing Compliance Requirements After Account Opening

Ongoing bank monitoring and risk-based information updates

U.S. CDD rules require covered institutions to conduct ongoing monitoring to identify and report suspicious transactions and to maintain and update customer information on a risk basis. This is a bank compliance procedure; public materials do not disclose State Street’s review cycle or specific submission channels for this type of customer.〔cg-2〕〔cg-3〕

Source:FinCEN — Information on Complying with the Customer Due Diligence Final Rule；FinCEN — FinCEN Issues Exceptive Relief to Streamline Customer Due Diligence Requirements

Significant changes and activity inconsistent with the account profile

The FFIEC Manual explains that if routine monitoring identifies a material change in customer information, including beneficial ownership information, the bank should update it accordingly; significant and unexplained changes in activity or changes in the business or ownership may trigger a review of the relationship. Regulatory guidance does not require customer information to be updated continuously or at a fixed interval in all cases, but banks may set periodic reviews based on risk. Customers should proactively confirm with the bank and promptly report changes in control, address, business, authorized persons, or expected transactions. [cg-4]

Source:FFIEC BSA/AML Examination Manual — Customer Due Diligence Overview

Transaction explanations and responses to review requests

Ongoing monitoring focuses on actual transactions and risks associated with the customer relationship. If the bank asks about unusual transactions or transactions that depart from the stated purpose, it is advisable to promptly provide evidence such as contracts, invoices, settlement instructions, details of counterparties, and the flow of funds, and to update any outdated descriptions of the business or expected activity. This is a practical suggestion for cooperating with a review, not a response deadline published specifically by State Street; the frequency of routine reviews and consequences of missing a deadline are not public.〔cg-2〕〔cg-4〕

Source:FinCEN — Information on Complying with the Customer Due Diligence Final Rule；FFIEC BSA/AML Examination Manual — Customer Due Diligence Overview

Please confirm with the bank before booking

Will State Street Bank and Trust Company establish the relationship with us? Which legal entity will contract, maintain records for, and provide services for each proposed custody, cash, or securities account?
Does the bank accept our type of customer, place of registration/residence, industry, and investment business? Must the application be made through a custodian, fund manager, or another institution?
Please provide the current account-opening/KYC forms for this product and the UBO and controller identification requirements applicable to our ownership structure. Which identity documents, company records, translations, notarisation/authentication, or originals must be submitted?
For the proposed assets and transaction volumes, what evidence of business purpose, expected transactions, source of funds, and source of wealth does the bank require? If a particular type of evidence cannot be obtained, are alternative documents accepted?
Can the applicant and signatories sign or complete verification remotely? Are electronic signatures, overseas addresses, and scanned copies accepted, and what are the requirements for submitting, certifying, or witnessing originals?
After account opening, which changes must be reported proactively, and how does the bank typically initiate information reviews? What are the applicable tax forms, fees, minimum assets/deposits, estimated processing time, and transaction limits?

Not confirmed by public information

Public information does not confirm whether retail personal accounts exist or are open to the public. Nor does it disclose the eligibility scope for institutional clients by place of incorporation, industry, or actual controller's place of residence.
The global custody page does not clearly specify the legal entity responsible for account opening, an account application portal, complete KYC/UBO forms, document language/validity/certification requirements, remote verification or requirements for original documents.
Minimum assets/deposit, fees, currencies and market coverage, account-opening processing times, transaction limits, the frequency of periodic reviews after account opening, and the bank’s internal risk appetite are not publicly disclosed. Obtain written answers for the specific product.
State Street’s public product descriptions do not constitute a promise to open an account and cannot be used to infer approval for overseas customers, FDIC protection for a particular type of account, or shared eligibility across different entities within the group.

Sources & Scope of Verification

State Street — Global Custody Services
State Street’s official global custody page describes custody/settlement, support for opening cross-market cash and securities accounts, and categories of cash management products. It does not publish customer eligibility, the specific servicing entity, due diligence document lists, fees, or timeframes.
FinCEN — Information on Complying with the Customer Due Diligence Final Rule
FinCEN explains the four core CDD requirements for covered financial institutions, including identification and verification of customers and beneficial owners, relationship purpose and risk profiling, ongoing monitoring, and risk-based updates. It outlines the legal-entity customer 25% ownership and control-person baseline and lists related exception determinations.
FinCEN — FinCEN Issues Exceptive Relief to Streamline Customer Due Diligence Requirements
FinCEN 2026-02-13 announcement states that covered institutions generally identify and verify beneficial owners when a legal entity customer first opens an account, when facts call the reliability of existing beneficial ownership information into question, or when required by risk-based procedures. Other AML obligations and ongoing monitoring/risk-based information update obligations continue to apply.
FFIEC BSA/AML Examination Manual — Customer Due Diligence Overview
The regulatory examination manual details risk-based CDD and information that may be considered for higher-risk cases, including business, financial, source-of-funds and source-of-wealth information, and expected transaction information. It addresses updates after material changes, risk-based reviews and the fact that updates are not required continuously or at fixed intervals in every case. The manual describes the regulatory baseline for banks, not State Street customer policy.

Fees and timelines

As of 2026-10-26, the State Street official website pages reviewed for global custody services, account opening information, and public contact details did not disclose account-opening fees, minimum deposits/assets, account-opening timelines, transaction/account limits, or product currency quotes applicable to this entity and a specific applicant. Fees, thresholds, funding/account-opening times, and limits should be confirmed in writing with the bank according to account type, currency, customer’s place of incorporation, and scope of service. Data for other State Street Group entities or retail banks should not be used as a substitute.

Limitations and practical considerations

The official materials focus on investment services, global custody, and cash management and do not establish that personal checking or savings accounts are offered to the public. Eligibility for personal accounts and the distinction between U.S. residents and nonresidents remain unconfirmed.
Public information does not state whether foreign companies, residents of specific countries, or businesses in specific industries may apply, nor does it disclose cross-border application lists, minimum assets, or product-level regional restrictions. Institutional product descriptions are not a promise of acceptance.
FDIC/FFIEC records verify the specific U.S. legal bank entity State Street Bank and Trust Company. They do not mean that State Street Corporation, its holding company, brand, foreign branches or other group subsidiaries share the same entity or product eligibility with this bank.
The account must comply with US AML/KYC, beneficial ownership, tax-documentation and applicable sanctions requirements. The bank may request additional information or decline the application based on its risk and product policies.
Contact details visible on public websites do not establish the existence of any specific intermediary or appointment channel. This information is not a channel that Rengangyongsheng currently can book appointments for, and does not indicate an account-opening partnership with State Street.

Licensing evidence and regulatory verification

Specific entity records have been located and cross-checked: FDIC BankFind lists State Street Bank and Trust Company under FDIC Cert #14, with data as of 2026-10-23. It identifies the institution as an FDIC-insured depository institution and a State Chartered Banks member (FRS), with the Federal Reserve Board as its primary federal regulator. The FDIC API record gives the name, CERT=14, ACTIVE=1, location Boston/Massachusetts, and federal regulator code FED. FFIEC/NIC lists the same institution under RSSD ID 35301, classified as a State Member Bank, with FRS as Primary Federal Regulator, Active status, and FDIC/DIF number 14. The Federal Reserve directory also lists the institution with the Federal Reserve Bank of Boston. This confirms the specific U.S. banking entity and its regulatory/deposit-insurance directory records; it does not mean that any particular product is available to individuals or overseas customers, nor does it treat State Street Corporation or any other name as this bank’s licensed entity.

Federal Reserve System (FFIEC records identify FRS as the primary federal regulator; the Federal Reserve’s official directory lists it as a state member bank in the Boston Fed’s district); the FDIC is the deposit insurer. Official registration or record

Information sources

State Street — Global Custody Services
State Street’s public description of global custody services lists custody and settlement, cash management, and account-opening support in international investment markets, as well as cash management products such as deposit accounts, automated sweep arrangements, repurchase agreements, U.S. Treasuries, and time deposits. The page does not list eligibility criteria for individuals or overseas entities.
State Street — Transforming custody account opening with technology
A 2025 State Street industry article on custody account opening states that custody account opening involves access to multiple markets, repeated documentation, compliance complexity, and process-efficiency challenges; it does not publish customer documents for this bank, remote witnessing methods, or a fixed account-opening timeframe.
FDIC BankFind Suite — State Street Bank and Trust Company details
The FDIC Details page lists State Street Bank and Trust Company under Certificate #14, states that the data is as of 2026-10-23, and identifies it as an FDIC-insured depository institution, with insured-deposit start date 1934-01-01, state-chartered and a member bank of the Federal Reserve System, and with the Federal Reserve Board as its primary federal regulator.
FDIC BankFind API — institution record CERT 14
The FDIC official API returns a unique record for CERT 14: name State Street Bank and Trust Company, ACTIVE=1, Boston/Massachusetts, and REGAGNT=FED. API metadata snapshot time: 2026-10-23.
FFIEC National Information Center — State Street Bank and Trust Company, RSSD 35301
The FFIEC/NIC entity profile shows RSSD ID 35301, legal name, State Member Bank, FRS Primary Federal Regulator, Active status, FDIC/DIF, and number 14, and lists the LEI.
Federal Reserve — State Member Banks Supervised by the Federal Reserve
The Federal Reserve’s official list of state member banks explains the supervisory arrangements of Reserve Banks in each district and lists State Street Bank and Trust Company, Boston, MA, and RSSD 35301 in the Boston Fed directory.
FinCEN — Information on Complying with the Customer Due Diligence Final Rule
FinCEN’s explanation of the U.S. CDD Rule covers general customer identification and verification, beneficial owners of legal entities, relationship purpose/risk profiling, and ongoing monitoring; it sets out the 25% beneficial-ownership and control-person baseline and notes subsequent exemption rulings.
FinCEN — Exceptive Relief to Streamline Customer Due Diligence Requirements
FinCEN 2026-02-13 announcement explains exemptive rulings concerning one-time identification and verification of beneficial owners at initial account opening, reasonable doubts about the reliability of existing information, and risk-based ongoing due diligence, while retaining other obligations such as ongoing monitoring.
IRS — About Form W-9
The IRS states that Form W-9 is used to provide a correct taxpayer identification number (TIN) to a person required to file an information return with the IRS.
IRS — About Form W-8 BEN
The IRS states that a foreign individual submits Form W-8BEN to the withholding agent/payer when the individual is the beneficial owner of relevant amounts subject to withholding tax; whether this applies to an account application depends on the circumstances.
IRS — About Form W-8 BEN-E
The IRS explains that W-8BEN-E is used by foreign entities to document their status under Chapter Three, Chapter Four and other tax law provisions.
IRS — Foreign Account Tax Compliance Act FATCA
The IRS explains the background to FATCA’s reporting regime for foreign financial institutions and certain non-financial foreign entities regarding foreign assets of U.S. account holders, and links separately to information for financial institutions, individuals, and governments; this source is not used to claim that the United States participates in CRS.
IRS — Employer Identification Numbers
The IRS states that an EIN is a federal tax identification number for businesses and other entities, that businesses may apply for an EIN for banking or state-tax purposes, and provides information on entity names/addresses and applications from abroad.
U.S. Treasury OFAC — Basic Information on OFAC and Sanctions
OFAC’s official FAQ explains the U.S. sanctions regime, the obligations of U.S. persons to comply, and restrictions that may arise under sanctions programs, such as asset blocking and transaction prohibitions; specific rules vary by sanctions program.
State Street — Contact Us
State Street’s official contact page provides a main telephone number, a contact form, and publicly listed U.S. office locations for State Street Bank and Trust Company; it does not publish account eligibility or the specific process followed by its application team.

Verification

Research verification

Most recently verified: 2026-10-26
Status: Some information remains to be confirmed: The FDIC/FFIEC records for the specific US banking entity State Street Bank and Trust Company, certificate number 14, its Federal Reserve supervisory status and State Street's public custody/cash management products have been verified. Eligibility for individuals and overseas companies, product-level account-opening conditions, document lists, remote witnessing, fees and timelines have not been confirmed by the bank's public materials and require written verification.
Author: Drew

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To inquire about service fees, please contact Mr. Tang at Rengangyongsheng. An appointment is only for discussing document preparation and possible approaches; it does not mean the bank has accepted or approved an application.

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