State Street Corporation operates as the holding company for State Street Bank and Trust Company, which provides a range of products and services for investors worldwide. The company operates in two lines of businesses, Investment Servicing and Investment Management. Investment Servicing business provides services for U.S. mutual funds, collective funds worldwide, corporate and public retirement plans, insurance companies, foundations, endowments, and other investment pools. Its products include custody, accounting, daily pricing, and administration; master trust and master custody; recordkeeping; foreign exchange and trading services; securities lending; deposit and short-term investment facilities; loans and lease financing; investment and hedge fund manager operations outsourcing; and performance, risk, and compliance analytics to support institutional investors. Investment Management business offers an array of services for managing financial assets, including investment management and investment research services, primarily for institutional investors. Its services include U.S. and non-U.S. equity and fixed income strategies, and other related services, such as securities lending. As of December 31, 2004, the company provided its services from 21 offices in the United States; and from offices in Australia, Austria, Belgium, Canada, Cayman Islands, Chile, France, Germany, Ireland, Italy, Japan, Luxembourg, the Netherlands, Netherlands Antilles, New Zealand, People’s Republic of China, Singapore, South Africa, South Korea, Switzerland, Taiwan, Thailand, United Arab Emirates, and the United Kingdom. State Street Corporation was organized in 1832 and is headquartered in Boston, Massachusetts.