The Northern Trust Company: Liquidity and Borrowings
Data as of · Call Report Schedules RC and RC-M How we update
Cash, the assets that can be turned into cash, and the borrowed money standing behind the deposit base. Heavy reliance on non-core wholesale funding is what turns a deposit outflow into a forced sale of securities.
Fed funds sold and reverse repos dropped 74.6% in Q2 2026, from $1.68B to $426.5M. It was the largest change from Q1 2026 among the key lines here. The Northern Trust Company has the 5th lowest loan-to-deposit ratio of the 323 banks headquartered in Illinois, at 29.59% as of Q2 2026. The Northern Trust Company's loan-to-deposit ratio of 29.59% is well below the 81.12% median for banks in the $100B-250B asset tier, a gap of 51.53 points (Q2 2026).
Liquid assets
| Line item | Q2 2026 |
|---|---|
| Cash and balances due from depository institutions | $58.66B |
| Cash and noninterest-bearing balances to assets | 32.85% |
| Cash and securities | $119.90B |
| Fed funds sold and reverse repos | $426.5M |
| Fed funds sold and reverse repos to assets | 0.24% |
Borrowed funds
| Line item | Q2 2026 |
|---|---|
| Fed funds purchased and repos | $1.58B |
| Other borrowed money | $10.53B |
| Subordinated notes and debentures | $1.76B |
| Other borrowed money to assets | 5.90% |
| Trading liabilities | $555.0M |
Funding structure
| Line item | Q2 2026 |
|---|---|
| Loan-to-deposit ratio | 29.59% |
| Net loans and leases to deposits | 29.48% |
| Loans and leases to core deposits | 82.60% |
| Core deposits to total deposits | 35.82% |
| Brokered deposits to total deposits | 0.00% |
Liquidity and Borrowings trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Liquidity and Borrowings by quarter
| Quarter | Loan-to-deposit | Core deposits share | Fed funds purchased and repos | Other borrowed money |
|---|---|---|---|---|
| Q3 2023 | 39.32% | 34.68% | $5.76B | $10.91B |
| Q4 2023 | 40.69% | 35.06% | $3.47B | $10.66B |
| Q1 2024 | 37.83% | 35.41% | $2.67B | $10.70B |
| Q2 2024 | 33.91% | 34.24% | $2.63B | $10.95B |
| Q3 2024 | 34.07% | 32.00% | $2.52B | $11.06B |
| Q4 2024 | 34.73% | 34.98% | $2.20B | $10.67B |
| Q1 2025 | 30.59% | 32.28% | $2.26B | $10.72B |
| Q2 2025 | 31.09% | 32.74% | $2.82B | $10.68B |
| Q3 2025 | 31.14% | 32.22% | $1.77B | $10.67B |
| Q4 2025 | 28.89% | 32.39% | $2.04B | $10.69B |
| Q1 2026 | 29.87% | 33.95% | $1.98B | $10.71B |
| Q2 2026 | 29.59% | 35.82% | $1.58B | $10.53B |
The Northern Trust Company liquidity and borrowings, all the way back
Liquidity and Borrowings back to 2001 · peer percentiles on every line item · Excel export
Unlock The Northern Trust Company, freeSource: Call Report Schedules RC and RC-M, as filed with the FFIEC and standardized by BankRegReports. Dollar amounts are as reported, point-in-time; income statement items are year-to-date through the report date. See the full The Northern Trust Company profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 913) · FFIEC NIC profile (RSSD 210434)