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Supplemental Information
BMO Financial Group 193rd Annual Report 2010 101
Table 10: Volume/Rate Analysis of Changes in Net Interest Income ($ millions)
2010/2009 2009/2008
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 Dollar
Deposits with other banks (4) (3) (7) (48) (23) (71)
Securities 248 (422) (174) 403 (722) (319)
Securities borrowed or purchased under resale agreements (37) (62) (99) (139) (341) (480)
Loans
Residential mortgages (5) 95 90 (215) (558) (773)
Non-residential mortgages 25 (10) 15 6 (17) (11)
Consumer instalment and other personal 206 (47) 159 278 (530) (252)
Credit cards 83 (15) 68 (252) 14 (238)
Businesses and governments (12) (130) (142) (21) 87 66
Total loans 297 (107) 190 (204) (1,004) (1,208)
Other non-interest bearing assets – – – – – –
Change in Canadian dollar interest income 504 (594) (90) 12 (2,090) (2,078)
U.S. Dollar and Other Currencies
Deposits with other banks (15) (91) (106) (183) (490) (673)
Securities 48 (166) (118) 192 (636) (444)
Securities borrowed or purchased under resale agreements (36) 1 (35) (7) (638) (645)
Loans
Residential mortgages (103) (16) (119) 33 (10) 23
Non-residential mortgages (21) (10) (31) 9 (11) (2)
Consumer instalment and other personal (64) (40) (104) 93 (127) (34)
Credit cards 28 (25) 3 3 1 4
Businesses and governments (381) (113) (494) 408 (719) (311)
Total loans (541) (204) (745) 546 (866) (320)
Other non-interest bearing assets – – – – – –
Change in U.S. dollar and other currencies interest income (544) (460) (1,004) 548 (2,630) (2,082)
Total All Currencies
Change in total interest income (a) (40) (1,054) (1,094) 560 (4,720) (4,160)
Liabilities
Canadian Dollar
Deposits
Banks (1) (12) (13) 17 (63) (46)
Businesses and governments 95 (526) (431) (116) (833) (949)
Individuals 27 (350) (323) 252 (385) (133)
Total deposits 121 (888) (767) 153 (1,281) (1,128)
Subordinated debt and other interest bearing liabilities 57 (281) (224) 47 (650) (603)
Other non-interest bearing liabilities – – – – – –
Change in Canadian dollar interest expense 178 (1,169) (991) 200 (1,931) (1,731)
U.S. Dollar and Other Currencies
Deposits
Banks (71) (62) (133) (325) (542) (867)
Businesses and governments (102) (483) (585) 15 (1,206) (1,191)
Individuals (31) (164) (195) 88 (199) (111)
Total deposits (204) (709) (913) (222) (1,947) (2,169)
Other interest bearing liabilities (27) 171 144 146 (904) (758)
Other non-interest bearing liabilities – – – – – –
Change in U.S. dollar and other currencies interest expense (231) (538) (769) (76) (2,851) (2,927)
Total All Currencies
Change in total interest expense (b) (53) (1,707) (1,760) 124 (4,782) (4,658)
Change in total net interest income (a – b) 13 653 666 436 62 498