 © 2009 Northern Trust Corporation Service Expertise Integrity Frederick H. Waddell Chairman & Chief Executive Officer Goldman Sachs U.S. Financial Services Conference New York City December 8, 2009 NORTHERN TRUST CORPORATION EXHIBIT 99.1 |
 Integrity Expertise Service 2 Forward Looking Statement This presentation may include forward-looking statements such as statements that relate to Northern Trust’s financial goals, dividend policy, expansion and business development plans, anticipated expense levels and projected profit improvements, business prospects and positioning with respect to market, demographic and pricing trends, strategic initiatives, re-engineering and outsourcing activities, new business results and outlook, changes in securities market prices, credit quality including reserve levels, planned capital expenditures and technology spending, anticipated tax benefits and expenses, and the effects of any extraordinary events and various other matters (including developments with respect to litigation, other contingent liabilities and obligations, and regulation involving Northern Trust and changes in accounting policies, standards and interpretations) on Northern Trust’s business and results. These statements speak of Northern Trust’s plans, goals, targets, strategies, beliefs, and expectations, and refer to estimates or use similar terms. Actual results could differ materially from those indicated by these statements because the realization of those results is subject to many risks and uncertainties. Our 2008 annual report and periodic reports to the SEC contain information about specific factors that could cause actual results to differ, and you are urged to read them. Northern Trust disclaims any continuing accuracy of the information provided in this presentation after today. |
 Integrity Expertise Service 3 Agenda Northern Trust Corporation Strategic Positioning Financial Strength Current Topics of Interest |
 © 2009 Northern Trust Corporation Service Expertise Integrity Strategic Positioning |
 Integrity Expertise Service 5 A Client-centric and Highly Focused Business Model Our Clients Operations & Technology Government Agencies Taft-Hartley Foundations / Endowments / Healthcare Individuals Privately Held Businesses Pension Funds Large Corporations Investment Management Firms Insurance Companies Families Family Foundations Family Offices Personal Financial Services Corporate & Institutional Services Northern Trust Global Investments Sovereign Wealth Funds Assets Under Custody $3.6 Trillion Assets Under Management $610.5 Billion As of 9/30/09 Balance Sheet Assets $78.0 Billion |
 Integrity Expertise Service 6 Personal Financial Services Extensive Reach in High Growth Target Market Network of 81 PFS Offices in 18 States Over 50% of the U.S. millionaire market resides within a 45-minute drive of Northern Trust offices. Arizona (8) Florida (25) Illinois (15) Illinois (15) Colorado (1) Colorado (1) Nevada (1) Nevada (1) Missouri (1) Missouri (1) Washington (1) Michigan (3) Texas (7) California (11) New York (1) Connecticut (1) Delaware (1) Georgia (1) Georgia (1) Wisconsin (1) Wisconsin (1) Ohio (1) Ohio (1) Minnesota (1) Minnesota (1) Massachusetts (1) Northern Trust Named ‘Best Private Bank in ‘Best Private Bank in North America’ North America’ By publications of the Financial Times Group, November 2009 |
 Integrity Expertise Service 7 Corporate & Institutional Services Positioned Globally for Growth Serving clients locally and capitalizing on global opportunities Dublin Limerick 18 Locations Worldwide Trade Settlement in 90+ Markets Clients in 41 Countries Chicago (Corporate Headquarters) Toronto London New York Luxembourg Amsterdam Guernsey Jersey Singapore Beijing Tokyo Bangalore Hong Kong Melbourne Abu Dhabi North America Europe, Middle East, & Africa Asia Pacific 59% of C&IS AUC is Global ~30% of Staff is Outside U.S. Stockholm |
 Integrity Expertise Service 8 $48B / 34% $46B / 32% $38B / 27% Personal Financial Services $141.5 Billion Equities Fixed Income Short Duration Other $10B 7% $258B / 55% $65 / 14% $111B / 24% Corporate & Institutional Services $469.0 Billion Passive Short Duration Sec Lending Collateral Other $1B / <1% Assets Under Management - $610.5 Billion September 30, 2009 Manager of Managers $27B / 6% Northern Trust Global Investments Providing Investment Solutions to Target Clients $65B / 14% Short Duration Active Fixed Income / $7B / 1% |
 © 2009 Northern Trust Corporation Service Expertise Integrity Financial Strength |
 Integrity Expertise Service 10 Consistently Strong and Conservative Balance Sheet 90% of Northern Trust’s total securities portfolio composed of triple-A rated securities 81% of Asset-Backed Securities rated triple-A Exposure to subprime Asset-Backed securities relative to the overall portfolio minimal at ~1% Total net, pre-tax unrealized losses of only $52 million High Quality, Short Duration Securities Portfolio Relationship-based lending practices Consistent and conservative underwriting standards Loan quality is notably better than peer averages* Diversified, High Quality Loan Portfolio All data is as of September 30, 2009. *Top 20 U.S. banks in terms of balance sheet assets. Consistently Outstanding Capital Strength Northern Trust Corporation Tier 1 Capital Ratio 13.3% Well Capitalized Guideline 6.0% Total Risk-Based Ratio 15.7% Well Capitalized Guideline 10.0% Leverage Ratio 9.0% Well Capitalized Guideline 5.0% Tier 1 Common Equity 12.7% Tangible Common Equity 7.5% $4.9 $2.7 $3.9 $3.6 $3.3 $3.1 $4.5 $6.2 $2.9 2001 2002 2003 2004 2005 2006 2007 2008 3Q09 COMMON EQUITY ($ Billions) CAGR: +12% 3.86% 2.78% 1.07% 0.65% EOP NPAs to Loans NCOs to Avg Loans NTRS Top 20 Peers' Average |
 Integrity Expertise Service 11 Strong Year-to-Date 2009 Financial Performance Despite Market Headwinds Operating Basis e.g. excluding VISA related items *Includes $561.5 million in voluntary client support related charges or ($1.59) of earnings per share. Year-to-Date 9/30/08 Trust, Inv. & Other Servicing Fees Foreign Exchange Trading Income Other Non-Interest Income Net Interest Income Total Revenues Non-Interest Expenses Provision for Credit Losses Pre-Tax Income Taxes Net Income Operating EPS $1,535 $358 $188 $796 $2,877 $1,713 $175 $989 $336 $653 $2.29 Year-to-Date 9/30/09 ($ in millions, except EPS) $1,647 $382 $201 $781 $3,011 $2,379* $55 $577 $259 $318 $1.40 |
 © 2009 Northern Trust Corporation Service Expertise Integrity Current Topics of Interest |
 Integrity Expertise Service 13 $513 $557 $622 $648 $651 $601 $621 $735 $810 $908 $1,129 $796 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 YTD 2009 $66 $64 $53 $46 $41 $37 $35 $34 $32 $31 $27 $25 Average Earning Assets ($Billions) Spotlight: Net Interest Income 2.08% 2.05% 2.02% 2.02% 1.93% 1.73% 1.68% 1.82% 1.76% 1.70% 1.76% 1.60% Net Interest Income is driven by balance sheet composition, trends in earnings assets and interest rate dynamics. Net Interest Margin Net Interest Income ($Millions) |
 Integrity Expertise Service 14 $104 $108 $153 $140 $106 $110 $158 $180 $247 $351 $616 $358 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 YTD 2009 $200 $312 $385 $452 $471 $727 $965 $1,240 $1,691 $2,087 $1,422 $1,898 Global Custody Assets ($Billions) Spotlight: Foreign Exchange Trading Income Foreign Exchange Trading Income is an outgrowth of our successful global custody business, and is primarily driven by currency volatility and client volumes. Foreign Exchange Trading Income ($Millions) |
 Integrity Expertise Service 15 $85 $98 $117 $136 $100 $99 $120 $149 $192 $293 $434 $113 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 YTD 2009 $65 $81 $95 $92 $89 $133 $188 $217 $248 $270 $110 $111 Securities Lending Collateral ($Billions) Spotlight: Securities Lending Fees Securities Lending is a client-directed asset management service driven by capital markets supply and demand dynamics, and the interest rate and credit spread environment. Securities Lending Fees ($Millions) *Securities lending mark-to-market collateral fund marks have been excluded in 2007, 2008 and YTD 2009. |
 © 2009 Northern Trust Corporation Service Expertise Integrity Concluding Thoughts |
 Integrity Expertise Service 17 1889 2009 120-Year Heritage of Service, Expertise and Integrity Leadership positions in client-focused business segments Attractive market and geographic growth opportunities Comprehensive product capabilities Distinctive balance sheet and capital strength Invested, experienced and stable management team Proven record of managing the business for long-term growth and profitability Long-Term Success Due to Enduring Strategies: |
 © 2009 Northern Trust Corporation Service Expertise Integrity Frederick H. Waddell Chairman & Chief Executive Officer Goldman Sachs U.S. Financial Services Conference New York City December 8, 2009 NORTHERN TRUST CORPORATION |