Offsetting of Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2015

Securities Purchased Under Agreements to Resell and Derivative Assets in the Consolidated Balance Sheets

The following tables provide information regarding the offsetting of derivative assets and securities purchased under agreements to resell within the consolidated balance sheets as of June 30, 2015, and December 31, 2014.

Table 66: Offsetting of Derivative Assets and Securities Purchased Under Agreements to Resell

June 30, 2015
(In Millions)	Gross Recognized Assets		Gross Amounts Offset		Net Amounts Presented		Gross Amounts Not Offset		Net Amount (3)
Derivative Assets (1)
Foreign Exchange Contracts Over the Counter (OTC)	$	2,093.4	$	1,232.9	$	860.5	$	—	$	860.5
Interest Rate Swaps OTC		167.8		30.3		137.5		—		137.5
Interest Rate Swaps Exchange Cleared		36.4		19.2		17.2		—		17.2
Other Financial Derivatives		—		—		—		—		—
Cross Product Netting Adjustment		—		27.7		—		—		—
Cross Product Collateral Adjustment		—		387.9		—		—		—
Total Derivatives Subject to a Master Netting Arrangement		2,297.6		1,698.0		599.6		—		599.6
Total Derivatives Not Subject to a Master Netting Arrangement		388.7		—		388.7		—		388.7
Total Derivatives		2,686.3		1,698.0		988.3		—		988.3
Securities Purchased under Agreements to Resell (2)	$	1,000.0	$	—	$	1,000.0	$	1,000.0	$	—

December 31, 2014
(In Millions)	Gross Recognized Assets		Gross Amounts Offset		Net Amounts Presented		Gross Amounts Not Offset		Net Amount (3)
Derivative Assets (1)
Foreign Exchange Contracts OTC	$	3,442.8	$	1,889.8	$	1,553.0	$	—	$	1,553.0
Interest Rate Swaps OTC		183.9		32.1		151.8		—		151.8
Interest Rate Swaps Exchange Cleared		48.4		13.1		35.3		—		35.3
Cross Product Netting Adjustment		—		6.3		—		—		—
Cross Product Collateral Adjustment		—		315.8		—		—		—
Total Derivatives Subject to a Master Netting Arrangement		3,675.1		2,257.1		1,418.0		—		1,418.0
Total Derivatives Not Subject to a Master Netting Arrangement		832.4		—		832.4		—		832.4
Total Derivatives		4,507.5		2,257.1		2,250.4		—		2,250.4
Securities Purchased under Agreements to Resell (2)	$	1,000.0	$	—	$	1,000.0	$	1,000.0	$	—

(1) Derivative assets are reported in other assets in the consolidated balance sheets. Other assets (excluding derivative assets) totaled $3,113.6 million and $3,614.7 million as of June 30, 2015, and December 31, 2014, respectively.

(2) Securities purchased under agreements to resell are reported in federal funds sold and securities purchased under agreements to resell in the consolidated balance sheets. Federal funds sold totaled $20.0 million and $62.7 million as of June 30, 2015, and December 31, 2014, respectively.

(3) Northern Trust did not possess any cash collateral that was not offset in the consolidated balance sheets that could have been used to offset the net amounts presented in the consolidated balance sheets as of June 30, 2015, and December 31, 2014.

Securities Sold Under Agreements to Repurchase and Derivative Liabilities in the Consolidated Balance Sheets

The following tables provide information regarding the offsetting of derivative liabilities and securities sold under agreements to repurchase within the consolidated balance sheets as of June 30, 2015, and December 31, 2014.

Table 67: Offsetting of Derivative Liabilities and Securities Sold Under Agreements to Repurchase

June 30, 2015
(In Millions)	Gross Recognized Liabilities		Gross Amounts Offset		Net Amounts Presented		Gross Amounts Not Offset		Net Amount (2)
Derivative Liabilities (1)
Foreign Exchange Contracts OTC	$	1,570.5	$	1,232.9	$	337.6	$	—	$	337.6
Interest Rate Swaps OTC		101.3		30.3		71.0		—		71.0
Interest Rate Swaps Exchange Cleared		19.2		19.2		—		—		—
Other Financial Derivatives		11.3		—		11.3		—		11.3
Cross Product Netting Adjustment		—		27.7		—		—		—
Cross Product Collateral Adjustment		—		151.7		—		—		—
Total Derivatives Subject to a Master Netting Arrangement		1,702.3		1,461.8		240.5		—		240.5
Total Derivatives Not Subject to a Master Netting Arrangement		904.9		—		904.9		—		904.9
Total Derivatives		2,607.2		1,461.8		1,145.4		—		1,145.4
Securities Sold under Agreements to Repurchase	$	29.8	$	—	$	29.8	$	29.8	$	—

December 31, 2014
(In Millions)	Gross Recognized Liabilities		Gross Amounts Offset		Net Amounts Presented		Gross Amounts Not Offset		Net Amount (2)
Derivative Liabilities (1)
Foreign Exchange Contracts OTC	$	3,431.0	$	1,889.8	$	1,541.2	$	—	$	1,541.2
Interest Rate Swaps OTC		118.7		32.1		86.6		—		86.6
Interest Rate Swaps Exchange Cleared		13.1		13.1		—		—		—
Cross Product Netting Adjustment		—		6.3		—		—		—
Cross Product Collateral Adjustment		—		1,232.0		—		—		—
Total Derivatives Subject to a Master Netting Arrangement		3,562.8		3,173.3		389.5		—		389.5
Total Derivatives Not Subject to a Master Netting Arrangement		664.5		—		664.5		—		664.5
Total Derivatives		4,227.3		3,173.3		1,054.0		—		1,054.0
Securities Sold under Agreements to Repurchase	$	885.1	$	—	$	885.1	$	885.1	$	—

(1) Derivative liabilities are reported in other liabilities in the consolidated balance sheets. Other liabilities (excluding derivative liabilities) totaled $2,519.5 million and $2,794.1 million as of June 30, 2015, and December 31, 2014, respectively.

(2) Northern Trust did not place any cash collateral with counterparties that was not offset in the consolidated balance sheets that could have been used to offset the net amounts presented in the consolidated balance sheets as of June 30, 2015, and December 31, 2014.