Delaware SpendingNorthern Trust Company
Delaware state vendor profile · FY2018–FY2026 · 1,571 payments on the state checkbook
Payments by Fiscal Year
Who Pays Them
What the Money Buys (categories)
Northern Trust is a Chicago custodian bank founded in 1889 — one of the world's largest asset-servicing firms, safeguarding trillions in institutional assets.
Since July 1, 2006, Northern Trust has been the global custodian for the Delaware Public Employees' Retirement System — the roughly $14 billion fund that pays state pensions. The billions on this page are overwhelmingly categorized as Investments: pension contributions and transfers moving into custody, not the state buying services. Think of it as the state's vault, not its vendor.
Northern Trust Company received $4.47 billion from the State of Delaware between FY2018 and FY2026, across 1,571 payments — an average of $2,843,009 per payment. The largest payer was Executive, accounting for 100% of the total. In the most recent year (FY2026), the state paid Northern Trust Company $611.4 million. Annual payments grew 130% between FY2018 and FY2026 and peaked in FY2025 at $797.1 million.