STT Q1 08

--EPS 1.39 vs 1.3 est --Rev 2.57 vw 2.48 Q4 07, almost flat --Salaries and employee benefits 1.062 vs 0.793 bil, 20% increase Others --Agency MBS 14 bil, 100 mil mark down in Q4 --ABS 26 bil, 1 bil mark down in Q4 Conduits/ABCP --1.5 bil mark down --exposure 28.3 bil --3.3 bil are wrapped by monoline insurer --4 bil exposure to US RMBS (collateral are floating rate, Alt-A, HEL), WA FICO 714, WA LTV 74.8% --Tier 1 leverage will decreased from 6.08% to 4.99% had these conduits consolidated Investment Portfolio --unrealzied loss 3.1 bil HTM and AFS --exposure: AFS 68 bil, HTM 4.3 bil, 87% of them are AAA --ABS collaterized by subprime mortgages 5.9 bil vs 6.2 bil Q4 2007