Bank of Montreal 1998 Annual Report Download - page 77

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69
BANK OF MONTREAL GROUP OF COMPANIES
CONSOLIDATED BALANCE SHEET
As at October 31 (Canadian $ in millions) 1998 19 97
ASSETS
Cash Resources (note 3) $ 19,730 $ 32,245
Securities (notes 4 & 6)
Investment (market value $24,460 in 1998 and $19,023 in 1997) 24,313 18,569
Trading 18,791 22,857
Loan substitutes 361 363
43,465 41,789
Loans (notes 5, 6 & 7)
Residential mortgages 35,847 35,555
Consumer instalment and other personal loans 16,095 14,682
Credit card loans 797 1,912
Loans to businesses and governments 50,598 45,397
Securities purchased under resale agreements 27,520 18,517
130,857 116,063
Allowance for credit losses (1,166) (1,145)
129,691 114,918
Other
Customers’ liability under acceptances 6,944 5,594
Premises and equipment (note 8) 2,311 2,058
Other assets (note 9) 20,449 11,234
29,704 18,886
Total Assets $ 222,590 $ 207,838
LIABILITIES AND SHAREHOLDERS’ EQUITY
Deposits (note 11)
Banks $ 26,256 $ 31,272
Businesses and governments 58,064 54,901
Individuals 59,663 58,039
143,983 144,212
Other Liabilities (note 12)
Acceptances 6,944 5,594
Securities sold but not yet purchased 7,843 10,304
Securities sold under repurchase agreements 29,758 21,389
Other 18,663 13,605
63,208 50,892
Subordinated Debt (note 13) 4,791 3,831
Shareholders’ Equity
Share capital (note 14) 5,053 4,293
Retained earnings 5,555 4,610
10,608 8,903
Total Liabilities and Shareholders’ Equity $ 222,590 $ 207,838
The accompanying notes to consolidated financial statements are an integral part of this statement.
Matthew W. Barrett (signed) F. Anthony Comper (signed)
Chairman and President and
Chief Executive Officer Chief Operating Officer