v3.25.2
Commitments and Contingent Liabilities (Tables)
 6 Months Ended
Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Fair Value, Off-balance Sheet Risks
The following table provides details of Northern Trust's off-balance sheet financial instruments as of June 30, 2025 and December 31, 2024.
TABLE 71: SUMMARY OF OFF-BALANCE SHEET FINANCIAL INSTRUMENTS
JUNE 30, 2025DECEMBER 31, 2024
(In Millions)ONE YEAR AND LESSOVER ONE YEARTOTALONE YEAR AND LESSOVER ONE YEARTOTAL
Undrawn Commitments(1)
$9,509.3 $17,549.7 $27,059.0 $10,849.6 $17,293.2 $28,142.8 
Standby Letters of Credit and Financial Guarantees(2)(3)
115,678.6 359.5 116,038.1 112,256.3 490.1 112,746.4 
Commercial Letters of Credit29.4 0.3 29.7 20.3 0.2 20.5 
Securities Lent with Indemnification169,168.8 — 169,168.8 144,543.7 — 144,543.7 
Total Off-Balance Sheet Financial Instruments$294,386.1 $17,909.5 $312,295.6 $267,669.9 $17,783.5 $285,453.4 
(1) These amounts exclude $255.5 million and $268.5 million of commitments participated to others at June 30, 2025 and December 31, 2024, respectively.
(2) These amounts include $98.0 million and $109.4 million of standby letters of credit secured by cash deposits or participated to others as of June 30, 2025 and December 31, 2024, respectively.
(3) These amounts include a $114.1 billion and $110.8 billion guarantee to the FICC under the sponsored member program, without taking into consideration the related collateral, as of June 30, 2025 and December 31, 2024, respectively.