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Supplemental Information
62 Bank of Montreal Group of Companies 1999 Annual Report
Table 6 Volume/Rate Analysis of Changes in Net Interest Income ($ millions)
1999/1998 1998/1997
Increase (decrease) due to change in: Increase (decrease) due to change in:
Average Average Average Average
For the year ended October 31 balance rate Total balance rate Total
Assets
Canadian Dollars
Deposits with other banks (21) 10 (11) (15) 23 8
Securities (500) 133 (367) 81 64 145
Loans
Residential mortgages (54) (52) (106) 243 (101) 142
Non-residential mortgages 15 0 15 14 (13) 1
Consumer instalment and other personal loans 52 15 67 81 110 191
Credit card loans 14 (14) 0 (161) 5 (156)
Loans to businesses and governments (a) (12) (71) (83) 14 344 358
Total loans 15 (122) (107) 191 345 536
Change in Canadian dollar interest income (506) 21 (485) 257 432 689
U.S. Dollar and Other Currencies
Deposits with other banks (201) (230) (431) 93 78 171
Securities 174 56 230 475 (149) 326
Loans
Residential mortgages 34 (25) 9 78 (9) 69
Non-residential mortgages 22 (3) 19 27 0 27
Consumer instalment and other personal loans 13 (18) (5) 40 (1) 39
Credit card loans (50) (3) (53) (121) 5 (116)
Loans to businesses and governments (a) 373 (594) (221) 998 403 1,401
Total loans 392 (643) (251) 1,022 398 1,420
Change in U.S. dollar and other currencies interest income 365 (817) (452) 1,590 327 1,917
Total All Currencies
Change in total interest income (141) (796) (937) 1,847 759 2,606
Liabilities
Canadian Dollars
Deposits
Banks (48) (19) (67) 45862
Businesses and governments (113) (162) (275) 96 644 740
Individuals 21 6 27 (16) (32) (48)
Total deposits (140) (175) (315) 84 670 754
Subordinated debt and other interest bearing liabilities (380) 8 (372) (138) 119 (19)
Change in Canadian dollar interest expense (520) (167) (687) (54) 789 735
U.S. Dollar and Other Currencies
Deposits
Banks (158) (245) (403) 249 53 302
Businesses and governments 189 (508) (319) 457 540 997
Individuals 43 67 110 74 (80) (6)
Total deposits 74 (686) (612) 780 513 1,293
Subordinated debt and other interest bearing liabilities 260 (163) 97 441 171 612
Change in U.S. dollar and other currencies interest expense 334 (849) (515) 1,221 684 1,905
Total All Currencies
Change in total interest expense (186) (1,016) (1,202) 1,167 1,473 2,640
Change in total net interest income 45 220 265 680 (714) (34)
The above table presents changes in net interest income, on a taxable equivalent basis, due to changes in either average daily balances (i.e., volume) or average rates.
Refer to the glossary on page 104 for a definition of the taxable equivalent basis (TEB) adjustment.
(a) Includes securities purchased under resale agreements.