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Supplemental Information
Table 6: Volume/Rate Analysis of Changes in Net Interest Income ($ millions)
2014/2013 2013/2012
Increase (decrease) due to change in Increase (decrease) due to change in
For the year ended October 31
Average
balance
Average
rate Total
Average
balance
Average
rate Total
Assets
Canadian Dollar
Deposits with other banks (11) 4 (7) 11 2
Securities 208 (471) (263) 42 (23) 19
Securities borrowed or purchased under resale agreements 4 (16) (12) 16 (127) (111)
Loans
Residential mortgages 266 (63) 203 352 (182) 170
Non-residential mortgages – (13) (13) – (24) (24)
Personal and credit cards 44 88 132 82 (45) 37
Businesses and governments 134 (136) (2) 173 (190) (17)
Total loans 444 (124) 320 607 (441) 166
Change in Canadian dollar interest income 645 (607) 38 666 (590) 76
U.S. Dollar and Other Currencies
Deposits with other banks 23 10 33 (19) 23 4
Securities 72 (111) (39) 10 (149) (139)
Securities borrowed or purchased under resale agreements – (19) (19) 15 (47) (32)
Loans
Residential mortgages (49) (73) (122) (39) (32) (71)
Non-residential mortgages (21) (26) (47) (57) (200) (257)
Personal and credit cards 34 (43) (9) 23 (164) (141)
Businesses and governments 614 (672) (58) 232 (182) 50
Total loans 578 (814) (236) 159 (578) (419)
Change in U.S. dollar and other currencies interest income 673 (934) (261) 165 (751) (586)
Total All Currencies
Change in total interest income (a) 1,318 (1,541) (223) 831 (1,341) (510)
Liabilities
Canadian Dollar
Deposits
Banks (2) 3 1 6– 6
Businesses and governments 145 (143) 2 176 (66) 110
Individuals 65 10 75 11 (31) (20)
Total deposits 208 (130) 78 193 (97) 96
Securities sold but not yet purchased and securities lent or sold 91 (89) 2 (126) 148 22
Subordinated debt and other interest bearing liabilities (107) (34) (141) (205) 7 (198)
Change in Canadian dollar interest expense 192 (253) (61) (138) 58 (80)
U.S. Dollar and Other Currencies
Deposits
Banks 6 (18) (12) – (2) (2)
Businesses and governments 71 31 102 78 (70) 8
Individuals 3 (32) (29) 1 (48) (47)
Total deposits 80 (19) 61 79 (120) (41)
Securities sold but not yet purchased and securities lent or sold 1 (28) (27) 1 (72) (71)
Subordinated debt and other interest bearing liabilities 19 1 20 26 (84) (58)
Change in U.S. dollar and other currencies interest expense 100 (46) 54 106 (276) (170)
Total All Currencies
Change in total interest expense (b) 292 (299) (7) (32) (218) (250)
Change in total net interest income (a - b) 1,026 (1,242) (216) 863 (1,123) (260)
BMO Financial Group 197th Annual Report 2014 111