Bank of Montreal 2014 Annual Report Download - page 168
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Notes
For the year ended October 31, 2013
(Canadian $ in millions) 2013
Carrying
value
Fair
value
Valued using
quoted market
prices
Valued using
models (with
observable inputs)
Valued using
models (without
observable inputs)
Securities
Held to maturity 6,032 6,041 640 5,401 –
Other (1) 411 1,921 – – 1,921
6,443 7,962 640 5,401 1,921
Securities purchased under resale agreements (2) 23,174 22,998 – 22,998 –
Loans
Residential mortgages 96,392 95,944 – – 95,944
Consumer instalment and other personal 63,640 62,770 – – 62,770
Credit cards 7,870 7,619 – – 7,619
Businesses and governments 104,585 103,268 – – 103,268
272,487 269,601 – – 269,601
Deposits 368,369 368,521 – 368,521 –
Securities sold under repurchase agreements (3) 17,215 17,324 – 17,324 –
Other liabilities (4) 22,896 23,182 – 23,182 –
Subordinated debt 3,996 4,217 – 4,217 –
This table excludes financial instruments with a carrying value approximating fair value such as
cash and cash equivalents, interest bearing deposits with banks, securities borrowed, customers’
liabilities under acceptances, other assets, acceptances, securities lent and certain other
liabilities.
(1) Excluded from other securities is $488 million of securities related to our merchant banking
business that are carried at fair value on the balance sheet.
(2) Excludes $16,625 million of securities borrowed for which carrying value approximates fair
value.
(3) Excludes $11,669 million of securities lent for which carrying value approximates fair value.
(4) Other liabilities include securitization and SE liabilities and certain other liabilities of
subsidiaries, other than deposits.
BMO Financial Group 197th Annual Report 2014 181