Pledged and Restricted Assets (Tables)

12 Months Ended

Dec. 31, 2021

Financial Instruments Owned and Pledged as Collateral [Abstract]

Type of Pledged Assets

The following table presents Northern Trust’s pledged assets.

TABLE 131: TYPE OF PLEDGED ASSETS

	FOR THE YEAR ENDED DECEMBER 31,
(In Billions)	2021		2020
Securities
Obligations of States and Political Subdivisions	$	3.7	$	2.9
Government Sponsored Agency and Other Securities	35.6		32.5
Loans	15.3		12.1
Total Pledged Assets	$	54.6	$	47.5

The following table presents the AFS debt securities pledged as collateral that are included in pledged assets.

TABLE 132: FAIR VALUE OF AVAILABLE FOR SALE DEBT SECURITIES INCLUDED IN PLEDGED ASSETS

	SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE				DERIVATIVE CONTRACTS
(In Millions)	DECEMBER 31, 2021		DECEMBER 31, 2020		DECEMBER 31, 2021		DECEMBER 31, 2020
Debt Securities
Available for Sale	$	524.1	$	33.0	$	17.6	$	27.1

Accepted Collateral

The following table presents the fair value of securities accepted as collateral.

TABLE 133: ACCEPTED COLLATERAL

	FOR THE YEAR ENDED DECEMBER 31,
(In Millions)	2021		2020
Collateral that may be repledged or sold
Reverse repurchase agreements(1)	$	1,457.0	$	1,179.8
Derivative contracts	2.8		0.9
Collateral that may not be repledged or sold
Reverse repurchase agreements	650.0		500.0
Total Collateral Accepted	$	2,109.8	$	1,680.7

(1) The fair value of securities collateral that was repledged or sold totaled $1,419.0 million at December 31, 2021. There was no repledged or sold collateral as of December 31, 2020.