EXHIBIT NUMBER (21) TO 2002 FORM 10-K NORTHERN TRUST CORPORATION SUBSIDIARIES AS OF MARCH 1, 2003 Percent Jurisdiction of Owned Incorporation ----- ------------- The Northern Trust Company 100% Illinois Norlease, Inc. 100% Delaware TNT-NL Leasing I, Inc. 100% Delaware MFC Company, Inc. 100% Delaware The Northern Trust Company, Canada 100% Ontario, Canada Nortrust Nominees, Ltd. 100% England The Northern Trust Company U.K. Pension Plan Limited 100% England The Northern Trust International Banking Corporation 100% Edge Act The Northern Trust Company of Hong Kong Limited 99.99% Hong Kong Northern Trust Trade Services Limited 99% Hong Kong Northern Trust Fund Managers (Ireland) Limited 100% Ireland Northern Trust Global Investments (Europe) Limited 100% England Helaba Northern Trust GmbH 50% Germany Northern Trust (Ireland) Limited 100% Ireland Northern Trust Investor Services (Ireland) Limited 100% Ireland Northern Trust Custodial Services (Ireland) Limited 100% Ireland Northern Trust Fund Services (Ireland) Limited 100% Ireland Nortrust Nominees (Ireland) Limited 100% Ireland Northern Trust Property Services (Ireland) Limited 100% Ireland NTG Services LLC 100% Delaware LLC NT Mortgage Holdings LLC 99.6% Delaware LLC Northern Trust Investments, Inc. 100% Illinois RemitStream Solutions, LLC 20% Delaware Northern Trust of Florida Corporation 100% Florida Northern Trust Cayman International, Ltd. 100% Cayman Islands, BWI Northern Trust Bank of Florida, N.A. 100% National Bank Realnor Properties, Inc. 100% Florida Realnor Special Properties, Inc. 100% Florida Realnor 1177, Inc. 100% Florida Realnor Hallandale, Inc. 100% Florida Northern Annuity Sales, Inc. 100% Florida Nortrust Holding Corporation* 100% Arizona Northern Trust Bank, N.A.* 100% National Bank Northern Trust of California Corporation 100% Delaware Northern Trust Bank of California N.A. 100% National Bank NORTHERN TRUST CORPORATION SUBSIDIARIES AS OF MARCH 1, 2003 (continued) Percent State of Owned Incorporation ----- ------------- Metroplex Bancshares, Inc. 100% Texas Metroplex Delaware Financial Corporation 100% Delaware Northern Trust Bank of Texas N.A. 16.2% National Bank Fiduciary Services Inc. 100% Texas (INACTIVE) Northern Trust of Texas Corporation 100% Texas Northern Trust Bank of Texas N.A. 83.8% National Bank Northern Trust Bank, FSB 100% Federal Savings Bank Northern Trust Holdings L.L.C. 100% Delaware Northern Investment Corporation 100% Delaware Northern Investment Management Company 100% Delaware (INACTIVE) Northern Trust Securities, Inc. 100% Delaware Northern Trust Services, Inc. 100% Illinois Nortrust Realty Management, Inc. 100% Illinois The Northern Trust Company of New York 100% New York Northern Trust Retirement Consulting, L.L.C. 100% Delaware Northern Trust Global Advisors, Inc. 100% Delaware NT Global Advisors, Inc. 100% Ontario, Canada Northern Trust Global Advisors, Limited 100% England The Northern Trust Company of Connecticut 100% Connecticut NT Fund Advisors of Quebec, Inc. 100% Quebec, Canada Northern Trust Global Investments Japan, K.K. 100% Japan NTC Capital I 100% Delaware NTC Capital II 100% Delaware *Effective February 18, 2002, the Corporation's Arizona banking subsidiary changed its name from Northern Trust Bank Arizona N.A. to Northern Trust Bank, N.A. At the same time, Northern Trust Bank of Colorado was merged into Northern Trust Bank, N.A. Effective February 19, 2002, Nortrust of Arizona Holding Corporation changed its name to Nortrust Holding Corporation. At the same time, Northern Trust of Colorado Corporation was merged into Nortrust Holding Corporation.