Error Creating Integration Services Catalog

For a SQL Server 11.0.2218 database, I am attempting to create a catalog under the Integration Folders Catalog folder. The folder is empty, this will be the first catalog. In the Create Catalog Dialogue, I type and retype the password into the appropriate text boxes, and click OK. An Execution Error states: 'Invalid length parameter passed to the LEFT or SUBSTRING function. (Microsoft SQL Server, Error: 537)'.  I have tried passwords of various lengths with the same results. 

I am using MS SQL Server Management Studio:

Microsoft SQL Server Management Studio11.0.2100.60
Microsoft Analysis Services Client Tools11.0.2218.0
Microsoft Data Access Components (MDAC)6.1.7601.17514
Microsoft MSXML3.0 4.0 5.0 6.0 
Microsoft Internet Explorer9.0.8112.16421
Microsoft .NET Framework4.0.30319.296
Operating System6.1.7601

Thanks for any help with this.