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66 Bank of Montreal Group of Companies 1999 Annual Report
Supplemental Information
Table 13 Allowance for Credit Losses
–
Segmented Information ($ millions except as noted)
Canada (a) United States (a) Mexico (a)
As at October 31 1999 1998 1997 1996 1995 1999 1998 1997 1996 1995 1999 1998 1997 1996 1995
Allowance for credit losses
(ACL), beginning of year 868 895 737 590 653 268 246 290 298 359 00000
Provision for credit losses 210 77 330 156 171 98 38 (55) 69 104 00000
Transfer of allowance 0(17) 0 150 0 0000000000
Recoveries 22 29 43 15 15 25 35 115 88 37 00000
Write-offs (e) (131) (116) (216) (174) (255) (47) (76) (118) (170) (195) 00000
Other, including
foreign exchange (6) 0106(9) 25 14 5 (7) 00000
ACL, end of year 963 868 895 737 590 335 268 246 290 298 00000
Allocation of Write-offs
by Market
Individuals (92) (60) (106) (90) (74) (12) (33) (96) (60) (50) 00000
Commercial, corporate
and institutional (39) (56) (110) (84) (181) (35) (43) (22) (110) (145) 00000
Designated lesser-developed
countries (LDC) 000000000000000
Allocation of Recoveries
by Market
Individuals 17 16 11 15 17 57101114 00000
Commercial, corporate
and institutional 513 32 0 (2) 20 28 105 77 23 00000
Designated LDC 000000000000000
Net write-offs as a % of
average loans and acceptances
Table 12 Net Loans and Acceptances
–
Segmented Information ($ millions)
Canada (a) United States (a) Mexico (a)
As at October 31 1999 1998 1997 1996 1995 1999 1998 1997 1996 1995 1999 1998 1997 1996 1995
Individuals
Residential mortgages (b) 31,858 29,823 30,995 26,539 23,412 3,512 3,502 2,594 1,926 1,490 00000
Cards 1,144 783 877 2,528 2,357 16 14 1,035 1,314 1,482 00000
Personal loans 13,900 12,988 12,007 10,739 10,365 3,004 3,098 2,664 2,058 1,388 00000
Total loans to individuals 46,902 43,594 43,879 39,806 36,134 6,532 6,614 6,293 5,298 4,360 00000
Commercial, corporate
and institutional
Diversified commercial 25,083 27,097 26,152 23,326 23,657 38,507 28,683 23,497 19,075 17,132 362 749 433 485 430
Securities purchased under
resale agreements 8,523 6,350 7,679 6,960 4,772 11,202 13,715 10,721 7,121 5,733 00000
Total commercial, corporate
and institutional 33,606 33,447 33,831 30,286 28,429 49,709 42,398 34,218 26,196 22,865 362 749 433 485 430
General allowance (820) (735) (625) (425) (275) (150) (150) (150) (50) (50) 00000
Designated lesser-
developed countries 000000000000000
Total net loans
and acceptances 79,688 76,306 77,085 69,667 64,288 56,091 48,862 40,361 31,444 27,175 362 749 433 485 430
(a) Geographic location is based on the ultimate risk of the underlying asset. Provincial
location is based on the booking location and/or customer residency.
(b)
Excludes residential mortgages classified as commercial corporate loans (1999 – $2.8 billion,
1998
–
$2.5 billion,
1997
–
$2.0 billion, 1996
–
$1.6 billion, 1995
–
$1.5 billion).
(c) No provision for securities purchased under resale agreements.
(d)Excludes the general allowance.
(e) Write-offs on designated lesser-developed countries include losses on sales of performing
assets that were charged directly against the allowance (
1999
–
$0,
1998
–
$0,
1997
–
$3 million, 1996
–
$109 million, 1995
–
$115 million).