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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 11-K
[Mark One]
[X] ANNUAL REPORT Pursuant to Section 15(d) 1934 [Fee Required] For the
fiscal year ended December 31, 1995.
OR
[ ] TRANSITION REPORT Pursuant to Section 15(d) of the Securities Exchange
Act of 1934 [No Fee Required] For the Transition Period from __________
to __________ Commission File Number 0-5965.
A. Full Title of Plan:
THE NORTHERN TRUST COMPANY THRIFT-INCENTIVE PLAN
B. Name of Issuer of securities held pursuant to the plan and the address of
its principal executive office:
NORTHERN TRUST CORPORATION
50 South LaSalle Street
Chicago, Illinois 60675
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FINANCIAL STATEMENTS AND EXHIBITS
The following financial statements and schedules are filed as part of this
annual report:
1995 FORM 5500 FOR TIP AND SUCH FINANCIAL STATEMENTS AND SCHEDULES AS FORM A
PART THEREOF.
Those financial statements and schedules are incorporated by reference in the
Form S-8 Registration Statement under the Securities Act of 1933, The Northern
Trust Company Thrift-Incentive Plan, Registration No.333-00809.
All other documents relating to TIP have previously been filed with the
Securities and Exchange Commission in Washington, D.C. with Form S-8
Registration Statement, The Northern Trust Company Thrift-Incentive Plan,
Registration No.333-00809.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Employee Benefit Administrative Committee which is the plan administrator for
TIP has caused this annual report to be signed by the undersigned thereunder
duly authorized.
THE NORTHERN TRUST COMPANY
THRIFT-INCENTIVE PLAN
Date: June 26, 1996 By WILLIAM N. SETTERSTROM
Chairman, Employee Benefit
Administrative Committee
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REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
To The Northern Trust Company Employee Benefit Administrative Committee:
We have audited the financial statements of THE NORTHERN TRUST COMPANY THRIFT-
INCENTIVE PLAN in order to form an opinion on the financial statements and
schedules included in the Form 5500 for The Northern Trust Company Thrift-
Incentive Plan for the 1995 Plan year. These financial statements and schedules
are the responsibility of the Plan's management. Our responsibility is to
express an opinion on these financial statements and schedules based on our
audit.
We conducted our audit in accordance with generally accepted auditing standards.
Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements and schedules are free of
material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements and
schedules. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement and schedule presentation. We believe that our audit
provides a reasonable basis for our opinion.
In our opinion, the financial statements and schedules included in the Form 5500
for The Northern Trust Company Thrift-Incentive Plan for the 1995 Plan year are
presented fairly in conformity with generally accepted accounting principles.
HILL, TAYLOR & CO.
Chicago, Illinois
May 3, 1996
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CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the incorporation of our
report dated May 3, 1996 into this Form 11-K and to incorporation by reference
of such report in Form S-8, No.333-00809, previously filed by Northern Trust
Corporation.
HILL, TAYLOR & CO.
Chicago, Illinois
June 14, 1996
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June 26, 1996
Securities and Exchange Commission
500 North Capitol Street
Washington, D.C. 20549
RE: The Northern Trust Company
Thrift-Incentive Plan: Form 11-K
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Gentlemen:
Enclosed for filing pursuant to the provisions of the Securities and
Exchange Act of 1934, as amended, are Form 11-K, Annual Report for the fiscal
year ended December 31, 1995, of The Northern Trust Company Thrift-Incentive
Plan. An exhibit to the Form 11-K consisting of the 1995 Form 5500 for the plan
and such financial statements and exhibits as form a part thereof has been filed
separately under cover of Form SE.
The Form 11-K is filed in conjunction with Form S-8, Registration Statement
under Securities Act of 1933, Registration No.333-00809.
If you have any questions concerning this filing, please call the
undersigned.
Cordially,
Mark J. Nero
Attorney
Writer's Direct Dial: (312) 444-7765
