Northern Trust : Balance Sheet Third Quarter 2020

THE NORTHERN TRUST COMPANY - FDIC Certificate Number: 913

Submitted to CDR on 11/04/2020 at 04:08 PM

Federal Financial Institutions Examination Council

Board of Governors of the Federal Reserve System	OMB Number: 7100-0036
Federal Deposit Insurance Corporation	OMB Number: 3064-0052
Office of the Comptroller of the Currency	OMB Number: 1557-0081
	Approval expires November 30, 2020
	Page 1 of 89

Consolidated Reports of Condition and Income for

a Bank with Domestic and Foreign Offices-FFIEC 031

Report at the close of business September 30, 2020	(20200930)
This report is required by law: 12 U.S.C. § 324 (State member	(RCON 9999)
dated subsidiaries in U.S. territories and possessions, Edge or
banks); 12 U.S.C. §1817 (State nonmember banks); 12 U.S.C. §161	Agreement subsidiaries, foreign branches, consolidated foreign sub-
(National banks); and 12 U.S.C. §1464 (Savings associations).	sidiaries, or International Banking Facilities, (2) banks with domes-
Unless the context indicates otherwise, the term "bank" in this	tic offices only and total consolidated assets of $100 billion or more,
report form refers to both banks and savings associations. This	and (3) banks that are advanced approaches institutions for regula-
report form is to be filed by (1) banks with branches and consoli-	tory capital purposes.
NOTE: Each bank's board of directors and senior management are	We, the undersigned directors (trustees), attest to the correctness
responsible for establishing and maintaining an effective system of	of the Reports of Condition and Income (including the supporting
internal control, including controls over the Reports of Condition and	schedules) for this report date and declare that the Reports of
Income. The Reports of Condition and Income are to be prepared in	Condition and Income have been examined by us and to the best
accordance with federal regulatory authority instructions. The Reports	of our knowledge and belief have been prepared in conformance
of Condition and Income must be signed by the Chief Financial	with the instructions issued by the appropriate Federal regulatory
Officer (CFO) of the reporting bank (or by the individual performing an	authority and are true and correct.
equivalent function) and attested to by not less than two directors
(trustees) for state nonmember banks and three directors for state
member banks, national banks, and savings associations.
I, the undersigned CFO (or equivalent) of the named bank, attest	Director (Trustee)
that the Reports of Condition and Income (including the supporting
schedules) for this report date have been prepared in conformance	Director (Trustee)
with the instructions issued by the appropriate Federal regulatory
authority and are true and correct to the best of my knowledge
and belief.	Director (Trustee)
Signature of Chief Financial Officer (or Equivalent)
Date of Signature

Submission of Reports

Each bank must file its Reports of Condition and Income (Call Report) data by either:

To fulfill the signature and attestation requirement for the Reports

of Condition and Income for this report date, attach your bank's completed signature page (or a photocopy or a computer generated

1. Using computer software to prepare its Call Report and then submitting the report data directly to the FFIEC's Central Data Repository (CDR), an Internet-based system for data collection (https://cdr.ffiec.gov/cdr/), or

(b)Completing its Call Report in paper form and arranging with a software vendor or another party to convert the data into the electronic format that can be processed by the CDR. The software vendor or other party then must electronically submit the bank's data file to the CDR.

For technical assistance with submissions to the CDR, please contact the CDR Help Desk by telephone at (888) CDR-3111, by

fax at [phone], or by e-mail at [e-mail].

FDIC Certificate Number	0	0	9	1	3
	(RSSD 9050)

version of this page) to the hard-copy record of the data file submitted to the CDR that your bank must place in its files.

The appearance of your bank's hard-copy record of the submitted

data file need not match exactly the appearance of the FFIEC's sample report forms, but should show at least the caption of each Call Report item and the reported amount.

THE NORTHERN TRUST COMPANY

Legal Title of Bank (RSSD 9017)

CHICAGO

City (RSSD 9130)

IL	60603
State Abbrev. (RSSD 9200)			ZIP Code (RSSD 9220)
Legal Entity Identifier (LEI)	6PTKHDJ8HDUF78PFWH30

(Report only if your institution already has an LEI.) (RCON 9224)

The estimated average burden associated with this information collection is 96.30 hours per respondent and is expected to vary by institution, depending on individual circumstances. Burden estimates include the time for reviewing instructions, gathering and maintaining data in the required form, and completing the information collection, but exclude the time for compiling and maintaining business records in the normal course of a respondent's activities. A Federal agency may not conduct or sponsor, and an organization (or a person) is not required to respond to a collection of information, unless it displays a currently valid OMB control number. Comments concerning the accuracy of this burden estimate and suggestions for reducing this burden should be directed to the Office of Information and Regulatory Affairs, Office of Management and Budget, Washington, DC 20503, and to one of the following: Secretary, Board of Governors of the Federal Reserve System, 20th and C Streets, NW, Washington, DC 20551; Legislative and Regulatory Analysis Division, Office of the Comptroller of the Currency, Washington, DC 20219; Assistant Executive Secretary, Federal Deposit Insurance Corporation, Washington, DC 20429.

Reporting Period: September 30, 2020

November 04, 2020 4:13 PM

THE NORTHERN TRUST COMPANY - FDIC Certificate Number: 913

Consolidated Report of Condition for Insured Banks and Savings Associations for September 30, 2020

Submitted to CDR on 11/04/2020 at 04:08 PM

FFIEC 031

Page 17 of 89

RC-1

All schedules are to be reported in thousands of dollars. Unless otherwise indicated, report the amount outstanding as of the last business day of the quarter.

Schedule RC-Balance Sheet

		Dollar Amounts in Thousands	RCFD	Amount
Assets
1.	Cash and balances due from depository institutions (from Schedule RC-A):
	a. Noninterest-bearing balances and currency and coin (1)........................................................................................				0081	2,686,864	1.a.
	b. Interest-bearing balances (2)...................................................................................................................................				0071	44,772,047	1.b.
2.	Securities:
	a. Held-to-maturity securities (from Schedule RC-B, column A) (3).............................................................................				JJ34	16,021,067	2.a.
	b. Available-for-sale securities (from Schedule RC-B, column D).................................................................................				1773	42,551,030	2.b.
	c. Equity securities with readily determinable fair values not held for trading (4)......................................................				JA22	0	2.c.
3.	Federal funds sold and securities purchased under agreements to resell:
............................................................................................................................................a. Federal funds sold			RCON	B987	0	3.a.
...................................................................................b. Securities purchased under agreements to resell (5,6)			RCFD	B989	1,533,431	3.b.
4.	Loans and lease financing receivables (from Schedule RC-C):					RCFD
	a. Loans and leases held for sale..................................................................................................................................				5369	18,556	4.a.
	b. Loans and leases held for investment.............................................................................	B528	32,747,718			4.b.
	c. LESS: Allowance for loan and lease losses (7).................................................................	3123	215,355			4.c.
	d. Loans and leases held for investment, net of allowance (item 4.b minus 4.c).........................................................				B529	32,532,363	4.d.
5.	Trading assets (from Schedule RC-D)...........................................................................................................................				3545	1,171,931	5.
6.	Premises and fixed assets (including capitalized leases).............................................................................................				2145	1,085,014	6.
7.	Other real estate owned (from Schedule RC-M)..........................................................................................................				2150	942	7.
8.	Investments in unconsolidated subsidiaries and associated companies....................................................................				2130	0	8.
9.	Direct and indirect investments in real estate ventures.............................................................................................				3656	0	9.
......................................................................................................................10. Intangible assets (from Schedule RC-M)				2143	757,197	10.
.........................................................................................................................11. Other assets (from Schedule RC-F) (6)				2160	8,498,482	11.
....................................................................................................................12. Total assets (sum of items 1 through 11)				2170	151,628,924	12.
Liabilities
13. Deposits:					RCON
a. In domestic offices (sum of totals of columns A and C from Schedule RC-E, Part I)					2200	46,316,721	13.a.
	(1) Noninterest-bearing (8)....................................................................................	RCON	6631	16,490,412			13.a.1.
	(2) Interest-bearing................................................................................................	RCON	6636	29,826,309			13.a.2.
b. In foreign offices, Edge and Agreement subsidiaries, and IBFs					RCFN
	(from Schedule RC-E, Part II)					2200	79,365,248	13.b.
	(1) Noninterest-bearing.........................................................................................	RCFN	6631	18,019,612			13.b.1.
	(2) Interest-bearing................................................................................................	RCFN	6636	61,345,636			13.b.2.
14. Federal funds purchased and securities sold under agreements to repurchase:
.............................................................................................a. Federal funds purchased in domestic offices (9)			RCON	B993	2,203,700	14.a.
.....................................................................................b. Securities sold under agreements to repurchase (10)			RCFD	B995	269,828	14.b.
.............................................................................................................15. Trading liabilities (from Schedule RC-D)			RCFD	3548	741,773	15.
..........................................16. Other borrowed money (includes mortgage indebtedness) (from Schedule RC-M)			RCFD	3190	7,385,881	16.

1 Includes cash items in process of collection and unposted debits.

2 Includes time certificates of deposit not held for trading.

3 Institutions that have adopted ASU 2016-13 should report in item 2.a amounts net of any applicable allowance for credit losses, and item 2.a should equal Schedule RC-B, item 8, column A, less Schedule RI-B, Part II, item 7, column B.

4 Item 2.c is to be completed only by institutions that have adopted ASU 2016-01, which includes provisions governing the accounting for investments in equity securities. See the instructions for further detail on ASU 2016-01.

5 Includes all securities resale agreements, regardless of maturity.

6 Institutions that have adopted ASU 2016-13 should report in items 3.b and 11 amounts net of any applicable allowance for credit losses. 7 Institutions that have adopted ASU 2016-13 should report in item 4.c the allowance for credit losses on loans and leases.

8 Includes noninterest-bearing, demand, time, and savings deposits.

9 Report overnight Federal Home Loan Bank advances in Schedule RC, item 16, "Other borrowed money." 10 Includes all securities repurchase agreements, regardless of maturity.

Reporting Period: September 30, 2020

November 04, 2020 4:13 PM

THE NORTHERN TRUST COMPANY - FDIC Certificate Number: 913

Schedule RC-Continued

Submitted to CDR on 11/04/2020 at 04:08 PM

FFIEC 031

Page 18 of 89

RC-2

		Dollar Amounts in Thousands	RCFD			Amount
Liabilities - continued
17. and 18. Not applicable
......................................................................................................................19. Subordinated notes and debentures (1)	3200			915,631	19.
.........................................................................................................................20. Other liabilities (from Schedule RC-G)	2930			3,571,543	20.
..............................................................................................................21. Total liabilities (sum of items 13 through 20)	2948			140,770,325	21.
22. Not applicable
Equity Capital
Bank Equity Capital
............................................................................................................23. Perpetual preferred stock and related surplus	3838			0	23.
.............................................................................................................................................................24. Common stock	3230			3,563	24.
............................................................................................25. Surplus (excludes all surplus related to preferred stock)	3839			2,328,257	25.
....................................................................................................................................................26. a. Retained earnings	3632			8,048,645	26.a.
.......................................................................................................b. Accumulated other comprehensive income (2)	B530			475,157	26.b.
........................................................................................................................c. Other equity capital components (3)	A130			0	26.c.
.......................................................................................27. a. Total bank equity capital (sum of items 23 through 26.c)	3210			10,855,622	27.a.
...........................................................................b. Noncontrolling (minority) interests in consolidated subsidiaries	3000			2,977	27.b.
.......................................................................................................28. Total equity capital (sum of items 27.a and 27.b)	G105			10,858,599	28.
.......................................................................................29. Total liabilities and equity capital (sum of items 21 and 28)	3300			151,628,924	29.
Memoranda
To be reported with the March Report of Condition.
1. Indicate in the box at the right the number of the statement below that best describes the
most comprehensive level of auditing work performed for the bank by independent external		RCFD		Number
.................................................................................................................................auditors as of any date during 2019		6724		NR	M.1.
1a = An integrated audit of the reporting institution's financial	2b = An audit of the reporting institution's parent holding
statements and its internal control over financial reporting	company's consolidated financial statements only conducted in
conducted in accordance with the standards of the American	accordance with the auditing standards of the AICPA or the
Institute of Certified Public Accountants (AICPA) or the Public	PCAOB by an independent public accountant that submits
Company Accounting Oversight Board (PCAOB) by an indepen-	a report on the consolidated holding company (but not on
dent publicaccountant that submits a report on the institution	the institution separately)
1b = An audit of the reporting institution's financial statements only	3 = This number is not to be used
conducted in accordance with the auditing standards of the	4 = Directors' examination of the bank conducted in accordance
AICPA or the PCAOB by an independent public accountant that	with generally accepted auditing standards by a certified public
submits a report on the institution	accounting firm (may be required by state-chartering authority)
2a = An integrated audit of the reporting institution's parent	5 = Directors' examination of the bank performed by other external
holding company's consolidated financial statements and its	auditors (may be required by state-chartering authority)
internal control over financial reporting conducted in	6 = Review of the bank's financial statements by external auditors
accordance with the standards of the AICPA or the PCAOB by	7 = Compilation of the bank's financial statements by external
an independent public accountant that submits a report on the	auditors
consolidated holding company (but not on the	8 = Other audit procedures (excluding tax preparation work)
institution separately)	9 = No external audit work
To be reported with the March Report of Condition.
		RCON		Date
......................................................................................2. Bank's fiscal year-end date (report the date in MMDD format)		8678		NR	M.2.
1 Includes limited-life preferred stock and related surplus.

2	Includes, but is not limited to, net unrealized holding gains (losses) on available-for-sale securities, accumulated net gains (losses)
	on cash flow hedges, and accumulated defined benefit pension and other postretirement plan adjustments.
3	Includes treasury stock and unearned Employee Stock Ownership Plan shares.

Reporting Period: September 30, 2020

November 04, 2020 4:13 PM