Magi Astrology


FINANCIAL ASTROLOGY

First Trade Date for Northern Trust Corporation

 

 

Company NameFirst Trade Date (yyyy-mm-dd)
Northern Trust Corporation1971-04-01

Company NameSymbol
Northern Trust CorporationNTRS
History and Business of Company
(this information may include date of incorporation)
Northern Trust Corporation (Corporation) was organized as a bank holding company in Delaware in 1971 to hold all of the outstanding capital stock, except directors' qualifying shares, of The Northern Trust Company (Bank), an Illinois banking corporation headquartered in the Chicago financial district and the Corporation's principal subsidiary. The Corporation also owns national bank subsidiaries with offices in Arizona, California, Colorado, Florida and Texas, a federal savings bank subsidiary with offices in Connecticut, Georgia, Massachusetts, Michigan, Missouri, Nevada, New York, Ohio, Washington and Wisconsin, trust companies in New York and Connecticut and various other nonbank subsidiaries, including an investment management company owned through the Bank, a securities brokerage firm and an institutional investment management company. Effective as of November 20, 2003, the Corporation became a financial holding company under the Gramm-Leach-Bliley Act (GLBA). The Corporation expects that, although the operations of other banking and non-banking subsidiaries will continue to be of increasing significance, the Bank will in the foreseeable future continue to be the major source of the Corporation's assets, revenues and net income. Except where the context otherwise requires, the term "Northern Trust" refers to Northern Trust Corporation and its subsidiaries on a consolidated basis. Northern Trust has not utilized unconsolidated special purpose entities to provide financing, improve liquidity, transfer assets or manage credit risk.

At December 31, 2003, Northern Trust had consolidated total assets of approximately $41.5 billion and stockholders' equity of approximately $3.1 billion. As of September 30, 2003, Northern Trust was the third largest bank holding company in Illinois and the 30th largest in the United States based on consolidated total assets on that date.

The Bank was founded by Byron L. Smith in 1889 to provide banking and trust services to the public. Throughout its 115 years, the Bank's growth has come primarily from internal sources rather than through merger or acquisition. At December 31, 2003, the Bank had consolidated assets of approximately $33.4 billion and common equity capital of approximately $2.1 billion. At September 30, 2003, the Bank was the third largest bank in Illinois and the 35th largest in the United States, based on consolidated total assets of approximately $33.0 billion on that date.

The Bank currently has 18 banking offices in the Chicago area and the following active wholly-owned subsidiaries. Northern Trust Investments, N.A., a registered investment adviser (formerly known and conducting business as Northern Trust Investments, Inc.), provides investment management services and products to domestic and international institutional clients. Norlease, Inc. conducts leasing and leasing-related lending activities. MFC Company, Inc. holds properties that are received from the Bank in connection with certain problem loans. NT Mortgage Holdings LLC, a real estate investment trust, holds a 100% participation in a significant portion of the Bank's residential mortgage portfolio, and its parent, NTG Services LLC, conducts market and other studies for the Bank's global businesses. Nortrust Nominees Limited, located in London, is a United Kingdom (U.K.) trust corporation organized to hold U. K. real estate and securities for trust and agency accounts. The Northern Trust Company U.K. Pension Plan Limited, located in London, was established in connection with the pension plan for London-based employees. Northern Trust Holdings Limited is the holding company for Northern Trust Global Services Limited, a U.K. incorporated bank subsidiary established in the fourth quarter 2003 with authority to conduct a broad range of banking and other activities in the U.K. and, directly or indirectly through other subsidiaries or affiliates, in member states of the European Economic Area. The Northern Trust Company, Canada, located in Toronto, offers institutional trust products and services to Canadian entities.

Also a subsidiary of the Bank, The Northern Trust International Banking Corporation, located in New York, is an Edge Act corporation organized for the purpose of conducting international business. Its business is conducted through the following subsidiaries. Northern Trust (Ireland) Limited, through its three principal subsidiaries, provides trust, custody, fund administration, fund accounting and shareholder registration services to international fund sponsors offering off-shore investment funds. Northern Trust Fund Managers (Ireland) Limited facilitates the offering of off-shore collective investment products to institutional clients. Northern Trust Global Investments (Europe) Limited, a registered investment adviser, provides investment management services to institutional clients in the U. K. and continental Europe. The Northern Trust Company of Hong Kong Limited provides securities lending and relationship servicing for large asset custody clients in Asia and the Pacific Rim. Northern Trust Management Services Limited provides management services to the Bank's London Branch, Northern Trust Global Services Limited and other Northern Trust entities in the U. K. and continental Europe.








 

 

 

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