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Pledged Assets (Tables)
9 Months Ended
Sep. 30, 2020
Transfers and Servicing [Abstract]  
Schedule of Financial Instruments Owned and Pledged as Collateral
The following table presents Northern Trust's pledged assets.
TABLE 61: TYPE OF PLEDGED ASSETS
(In Billions)SEPTEMBER 30, 2020DECEMBER 31, 2019
Securities
   Obligations of States and Political Subdivisions$1.6 $1.0 
   Government Sponsored Agency and Other Securities30.0 33.4 
Loans11.8 7.7 
Total Pledged Assets$43.4 $42.1 
The following table presents the available for sale debt securities pledged as collateral that are included in pledged assets.
TABLE 62: FAIR VALUE OF AVAILABLE FOR SALE DEBT SECURITIES INCLUDED IN PLEDGED ASSETS
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASEDERIVATIVE CONTRACTS
(In Millions)SEPTEMBER 30, 2020DECEMBER 31, 2019SEPTEMBER 30, 2020DECEMBER 31, 2019
Debt Securities
   Available for Sale$268.6 $487.1 $30.0 $14.4 
Schedule of Customer Securities for which Entity has Right to Sell or Repledge The following table presents the fair value of securities accepted as collateral. There was no repledged or sold collateral at September 30, 2020 or December 31, 2019.
TABLE 63: ACCEPTED COLLATERAL
(In Millions)SEPTEMBER 30, 2020DECEMBER 31, 2019
Collateral that may be repledged or sold
   Reverse repurchase agreements$1,533.4 $707.8 
   Derivative contracts30.6 16.8