DEPARTMENT OF LABOR

Employment and Training Administration

TA-W-95,768

STATE STREET BANK & TRUST CO.
INVESTABLE CASH F/K/A USIS GLOBAL OPERATION
CASH & CUSTODY DIVISION
A SUBSIDIARY OF STATE STREET CORPORATION
NORTH QUINCY, MASSACHUSETTS

Certification Regarding Eligibility
To Apply for Worker Adjustment Assistance

In accordance with Section 223 of the Trade Act of 1974, as
amended ("Act"), 19 U.S.C. § 2273, the Department of Labor
herein presents the results of an investigation regarding
certification of eligibility to apply for worker adjustment
assistance.
The group eligibility requirements for workers of a firm
under Section 222(a) of the Act, 19 U.S.C. § 2272(a), are
satisfied if the following criteria are met:
(1) a significant number or proportion of the
workers in such workers' firm have become totally or
partially separated, or are threatened to become
totally or partially separated;
(2)(B)(i)(I) there has been a shift by the workers'
firm to a foreign country in the production of
articles or supply of services like or directly
competitive with those produced/supplied by the
workers' firm; OR
(II) there has been an acquisition from a
foreign country by the workers' firm of
articles/services that are like or directly
competitive with those produced/supplied by
the workers' firm; AND
(ii) the shift/acquisition must have contributed
importantly to the workers' separation or
threat of separation.

The investigation was initiated in response to a petition
filed on March 4, 2020 by a state workforce office on behalf of
workers of State Street Bank & Trust Co., Investable Cash f/k/a
USIS Global Operation, Cash & Custody division, a subsidiary of
State Street Corporation, North Quincy, Massachusetts.
The workers' firm is engaged in activities related to the
supply of availability and liquidity services.
During the course of the investigation, information was
collected from the workers' firm and the petitioner.
Section 222(a)(1) has been met because a significant
number or proportion of the workers in such workers' firm have
become totally or partially separated, or are threatened to
become totally or partially separated.
Section 222(a)(2)(B) has been met because the workers'
firm has acquired from a foreign country services like or
directly competitive with services supplied by the workers which
contributed importantly to worker group separations at State
Street Bank & Trust Co.
Conclusion
After careful review of the facts obtained in the
investigation, I determine that workers of State Street Bank &
Trust Co., Investable Cash f/k/a USIS Global Operation, Cash &
Custody division, a subsidiary of State Street Corporation,
North Quincy, Massachusetts, who are engaged in activities
related to the supply of availability and liquidity services
meet the worker group certification criteria under Section
222(a) of the Act, 19 U.S.C. § 2272(a). In accordance with
Section 223 of the Act, 19 U.S.C. § 2273, I make the following
certification:
"All workers of State Street Bank & Trust Co., Investable
Cash f/k/a USIS Global Operation, Cash & Custody division,
a subsidiary of State Street Corporation, North Quincy,
Massachusetts, who became totally or partially separated
from employment on or after March 3, 2019, through two
years from the date of certification, and all workers in
the group threatened with total or partial separation from
employment on the date of certification through two years
from the date of certification, are eligible to apply for
adjustment assistance under Chapter 2 of Title II of the
Trade Act of 1974, as amended."
Signed in Washington, D.C. this 16th day of June 2020.

/s/Hope D. Kinglock
______________________________
HOPE D. KINGLOCK
Certifying Officer, Office of
Trade Adjustment Assistance