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Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase (Tables)
 12 Months Ended
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Securities Purchased under Agreements to Resell
($ In Millions)20242023
Balance at December 31$426.0 $784.7 
Average Balance During the Year727.5 950.9 
Average Interest Rate Earned During the Year459.13 %166.71 %
Maximum Month-End Balance During the Year$1,034.6 $1,326.2 
Note: The table above includes the impact of balance sheet netting of approximately $62.4 billion and $29.1 billion in 2024 and 2023, respectively. Excluding the impact of netting, the average interest rate on Securities Purchased under Agreements to Resell would be approximately 5.29% and 5.27% in 2024 and 2023, respectively. Northern Trust nets securities sold under repurchase agreements against those purchased under resale agreements when there is a legally enforceable master netting arrangement.
Securities Sold under Agreements to Repurchase
($ In Millions)20242023
Balance at December 31$462.0 $784.7 
Average Balance During the Year518.5 401.5 
Average Interest Rate Paid During the Year632.65 %383.84 %
Maximum Month-End Balance During the Year$811.8 $988.1 
Note: The table above includes the impact of balance sheet netting of approximately $62.4 billion and $29.1 billion in 2024 and 2023, respectively. Excluding the impact of netting, the average interest rate on Securities Sold under Agreements to Repurchase would be approximately 5.21% and 5.22% in 2024 and 2023, respectively. Northern Trust nets securities sold under repurchase agreements against those purchased under resale agreements when there is a legally enforceable master netting arrangement.
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
REMAINING CONTRACTUAL MATURITY OF THE AGREEMENTS
OVERNIGHT AND CONTINUOUS
(In Millions)December 31, 2024December 31, 2023
U.S. Treasury and Agency Securities$65,374.8 $62,860.2 
Total Borrowings65,374.8 62,860.2