NORTHERN TRUST CORPORATION
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Northern Trust Corporation operates as the holding company of The Northern Trust Company (bank). It provides investment management, asset and fund administration, fiduciary and banking solutions for corporations, institutions, and individuals worldwide. As of December 31, 2003, the bank operated 18 banking offices in the Chicago area. The company also owns national bank subsidiaries; a federal savings bank; trust companies, and various other nonbank subsidiaries, including an investment management company; a securities brokerage firm; and an institutional investment management company. The company operates in two units, Personal Financial Services (PFS) and Corporate and Institutional Services (C&amp;IS). C&amp;IS unit offers investment asset administration and related services to corporate and public entity retirement funds, foundation and endowment clients, fund managers, insurance companies, and government funds, as well as provides a range of commercial banking and treasury management services. PFS unit provides personal trust, custody and investment management services, individual retirement accounts, guardianship, estate administration, and residential real estate mortgage lending. The company provides investment management and related services and products to domestic and international clients of C&amp;IS and PFS. Northern Trust Corporation is based in Chicago, Illinois.