Offsetting of Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2013

Consolidated Balance Sheet for Securities Purchased under Agreements to Sell and Derivative Assets

The following tables provide information regarding the offsetting of derivative assets and securities purchased under agreements to resell within the consolidated balance sheet as of June 30, 2013 and December 31, 2012.

June 30, 2013
	Gross		Gross		Net		Gross
	Recognized		Amounts		Amounts		Amounts		Net
(In Millions)	Assets		Offset		Presented		Not Offset		Amount (3)
Derivative Assets (1)
Foreign Exchange Contracts Over the Counter (OTC)	$	4,403.4	$	1,403.1	$	3,000.3	$	—	$	3,000.3
Interest Rate Swaps OTC		120.3		60.9		59.4		—		59.4
Interest Rate Swaps Exchange Cleared		5.8		0.5		5.3		—		5.3
Interest Rate Options OTC		0.1		—		0.1		—		0.1
Cross Product Netting Adjustment		—		22.6		—		—		—
Cross Product Collateral Adjustment		—		68.8		—		—		—
Total Derivatives Subject to a Master Netting Arrangement		4,529.6		1,555.9		2,973.7		—		2,973.7
Total Derivatives Not Subject to a Master Netting Arrangement		412.3		—		412.3		—		412.3
Total Derivatives		4,941.9		1,555.9		3,386.0		—		3,386.0
Securities Purchased under Agreements to Resell (2)	$	500.0	$	—	$	500.0	$	500.0	$	—

(1) Derivative assets are reported in other assets in the consolidated balance sheet. Other assets (excluding derivative assets) totaled $2,839.0 million as of June 30, 2013.

(2) Securities purchased under agreements to resell are reported in federal funds sold and securities purchased under agreements to resell in the consolidated balance sheet. Federal funds sold totaled $31.2 million as of June 30, 2013.

(3) Northern Trust did not possess any cash collateral that was not offset in the consolidated balance sheet that could have been used to offset the net amounts presented in the consolidated balance sheet as of June 30, 2013.

December 31, 2012
	Gross		Gross		Net		Gross
	Recognized		Amounts		Amounts		Amounts		Net
(In Millions)	Assets		Offset		Presented		Not Offset		Amount (3)
Derivative Assets (1)
Foreign Exchange Contracts OTC	$	1,756.6	$	877.1	$	879.5	$	—	$	879.5
Interest Rate Swaps OTC		310.3		68.3		242.0		—		242.0
Cross Product Netting Adjustment		—		37.1		—		—		—
Cross Product Collateral Adjustment		—		118.6		—		—		—
Total		2,066.9		1,101.1		965.8		—		965.8
Securities Purchased under Agreements to Resell (2)	$	35.4	$	—	$	35.4	$	35.4	$	—

(1) Derivative assets are reported in other assets in the consolidated balance sheet. Other assets (excluding derivative assets) totaled $2,964.4 million as of December 31, 2012.

(2) Securities purchased under agreements to resell are reported in federal funds sold and securities purchased under agreements to resell in the consolidated balance sheet. Federal funds sold totaled $25.4 million as of December 31, 2012.

(3) Northern Trust did not possess any cash collateral that was not offset in the consolidated balance sheet that could have been used to offset the net amounts presented in the consolidated balance sheet as of December 31, 2012.

Consolidated Balance Sheet for Securities Sold under Agreements to Repurchase and Derivative Liabilities

The following tables provide information regarding the offsetting of derivative liabilities and securities sold under agreements to repurchase within the consolidated balance sheet as of June 30, 2013 and December 31, 2012.

June 30, 2013
	Gross		Gross		Net		Gross
	Recognized		Amounts		Amounts		Amounts		Net
(In Millions)	Liabilities		Offset		Presented		Not Offset		Amount (2)
Derivative Liabilities (1)
Foreign Exchange Contracts OTC	$	4,240.1	$	1,403.1	$	2,837.0	$	—	$	2,837.0
Interest Rate Swaps OTC		167.1		60.9		106.2		—		106.2
Interest Rate Swaps Exchange Cleared		0.5		0.5		—		—		—
Interest Rate Options OTC		0.1		—		0.1		—		0.1
Credit Default Swaps OTC		0.1		—		0.1		—		0.1
Cross Product Netting Adjustment		—		22.6		—		—		—
Cross Product Collateral Adjustment		—		2,193.2		—		—		—
Total Derivatives Subject to a Master Netting Arrangement		4,407.9		3,680.3		727.6		—		727.6
Total Derivatives Not Subject to a Master Netting Arrangement		381.4		—		381.4		—		381.4
Total Derivatives		4,789.3		3,680.3		1,109.0		—		1,109.0
Securities Sold under Agreements to Repurchase	$	777.7	$	—	$	777.7	$	777.7	$	—

(1) Derivative liabilities are reported in other liabilities in the consolidated balance sheet. Other liabilities (excluding derivative liabilities) totaled $3,201.0 million as of June 30, 2013.

(2) Northern Trust did not place any cash collateral with counterparties that was not offset in the consolidated balance sheet that could have been used to offset the net amounts presented in the consolidated balance sheet as of June 30, 2013.

December 31, 2012
	Gross		Gross		Net		Gross
	Recognized		Amounts		Amounts		Amounts		Net
(In Millions)	Liabilities		Offset		Presented		Not Offset		Amount (2)
Derivative Liabilities (1)
Foreign Exchange Contracts OTC	$	1,772.7	$	877.1	$	895.6	$	—	$	895.6
Interest Rate Swaps OTC		249.3		68.3		181.0		—		181.0
Credit Default Swaps OTC		1.0		—		1.0		—		1.0
Cross Product Netting Adjustment		—		37.1		—		—		—
Cross Product Collateral Adjustment		—		425.0		—		—		—
Total		2,023.0		1,407.5		615.5		—		615.5
Securities Sold under Agreements to Repurchase	$	699.8	$	—	$	699.8	$	699.8	$	—

(1) Derivative liabilities are reported in other liabilities in the consolidated balance sheet. Other liabilities (excluding derivative liabilities) totaled $1,961.7 million as of December 31, 2012.

(2) Northern Trust did not place any cash collateral with counterparties that was not offset in the consolidated balance sheet that could have been used to offset the net amounts presented in the consolidated balance sheet as of December 31, 2012.