Bank of Montreal 1997 Annual Report Download - page 73

Download and view the complete annual report

Please find page 73 of the 1997 Bank of Montreal annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 104

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104

Bank of Montreal 180th Annual Report 1997 67
Consolidated Balance Sheet
As at October 31
(Canadian $ in millions)
1997 1996
Assets
Cash Resources
(note 2)
$ 32,245 $ 24,187
Securities
(notes 3 & 5)
Investment (market value $19,023 in 1997 and $17,556 in 1996) 18,569 17,185
Trading 22,857 19,044
Loan substitutes 363 380
41,789 36,609
Loans
(notes 4, 5 & 16)
Residential mortgages 35,555 30,086
Consumer instalment and other personal loans 14,682 12,812
Credit card loans 1,912 3,842
Loans to businesses and governments 45,397 38,625
Securities purchased under resale agreements 18,517 14,081
116,063 99,446
Allowance for credit losses (1,145) (1,033)
114,918 98,413
Other
Customers’ liability under acceptances 5,594 4,397
Premises and equipment
(note 6)
2,058 1,867
Other assets
(note 7)
11,234 4,359
18,886 10,623
Total Assets $ 207,838 $ 169,832
Liabilities and Shareholders’ Equity
Deposits
(note 9)
Banks $ 31,272 $ 24,740
Businesses and governments 54,901 37,474
Individuals 58,039 57,048
144,212 119,262
Other Liabilities
(note 10)
Acceptances 5,594 4,397
Securities sold but not yet purchased 10,304 13,716
Securities sold under repurchase agreements 21,389 15,523
Other 13,605 6,034
50,892 39,670
Subordinated Debt
(note 11)
3,831 3,314
Shareholders’ Equity
Share capital
(note 12)
4,293 3,846
Retained earnings 4,610 3,740
8,903 7,586
Total Liabilities and Shareholders’ Equity $ 207,838 $ 169,832
The accompanying notes to consolidated financial statements are an integral part of this statement.
Matthew W.Barrett F. Anthony Comper
Chairman and President and
Chief Executive Officer Chief Operating Officer