Bank of Montreal 1999 Annual Report Download - page 80

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74 Bank of Montreal Group of Companies 1999 Annual Report
Consolidated Balance Sheet
As at October 31 (Canadian $ in millions) 1999 1998
Assets
Cash Resources (note 2) $ 24,036 $ 19,730
Securities (notes 3 & 5)
Investment (market value $25,487 in 1999 and $24,460 in 1998) 26,027 24,313
Trading 17,246 18,791
Loan substitutes
–
361
43,273 43,465
Loans (notes 4, 5 & 6)
Residential mortgages 38,189 35,847
Consumer instalment and other personal loans 16,912 16,095
Credit card loans 1,160 797
Loans to businesses and governments 57,998 50,598
Securities purchased under resale agreements 25,090 27,520
139,349 130,857
Allowance for credit losses (1,348) (1,166)
138,001 129,691
Other
Customers’ liability under acceptances 6,753 6,944
Premises and equipment (note 7) 2,228 2,311
Other assets (note 8) 16,324 20,449
25,305 29,704
Total Assets $ 230,615 $ 222,590
Liabilities and Shareholders’ Equity
Deposits (note 10)
Banks $ 30,398 $ 26,256
Businesses and governments 65,459 58,064
Individuals 61,017 59,663
156,874 143,983
Other Liabilities (note 11)
Acceptances 6,753 6,944
Securities sold but not yet purchased 10,450 7,843
Securities sold under repurchase agreements 24,177 29,758
Other 16,668 18,663
58,048 63,208
Subordinated Debt (note 12) 4,712 4,791
Shareholders’ Equity
Share capital (note 13) 4,858 5,053
Retained earnings 6,123 5,555
10,981 10,608
Total Liabilities and Shareholders’ Equity $ 230,615 $ 222,590
The accompanying notes to consolidated financial statements are an integral part of this statement.
F. Anthony Comper (signed) Jeremy H. Reitman (signed)
Chairman and Chief Executive Officer Chairman, Audit Committee