Northern Tel-Com

Northern Trust Corporation is an international financial services company headquartered in Chicago, Illinois, USA. It provides investment management, asset and fund administration, fiduciary and banking services through a network of 85 offices in 18 U.S. states and 12 international offices in North America, Europe and the Asia-Pacific region. As of September 30, 2011, Northern Trust Corporation had $97 billion in banking assets, $4.2 trillion in assets under custody and $644.2 billion in assets under management. In March 2010, Forbes Magazine ranked Northern Trust as the world's most admired company in the "Super regional Banks" category.

1 History
2 Services
2.1 Corporate and Institutional Services (C&IS)
2.2 Personal Financial Services (PFS)
2.3 Northern Trust Global Investments (NTGI)
3 Businesses and other subsidiaries
4 Locations
5 Sponsorships
6 Community initiatives
7 References
8 External links
History

Northern Trust was founded in 1889 by Byron Laflin Smith in a one-room office in the Rookery Building in Chicago's Loop, with a focus on providing trust and banking services for the city's prosperous citizens.[3] Smith provided 40% of the bank's original capitalization of $1 million, and counted such businessmen and civic leaders as Marshall Field, Martin A. Ryerson, and Philip D. Armour among the original 27 shareholders.


Intimately acquainted with the operations of the bank, these men would personally examine Northern's assets and records at each year's end.

In October 1929, however, the flamboyant decade of the 1920s came to a sudden halt—the stock market crash led to a spectacular drop in prices, employment and production.


As these troubles swept across the country, one bank after another closed. Two days after his inauguration on March 6, 1933, Franklin D. Roosevelt closed all the banks in the United States. When they reopened a short time later, there was a great deal of uncertainty as to what might occur. Fortunately, the people in line outside the Northern bank offices were there to deposit money instead of withdraw it. Northern's conservative policies had served it well during the 1920s.[4]