Bank of Montreal 1998 Annual Report Download - page 64

Download and view the complete annual report

Please find page 64 of the 1998 Bank of Montreal annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 106

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106

56
BANK OF MONTREAL GROUP OF COMPANIES
TABLE 5 AVERAGE BALANCES AND AVERAGE INTEREST RATES OF ASSETS AND LIABILITIES ($ millions except as noted)
1998 19 9 7 19 9 6
Average Average Average
Average interest Interest Average interest Interest Average interest Interest
For the year ended October 31 balances yield (%) income balances yield (%) income balances yield (%) income
Assets
Canadian Dollars
Deposits with other banks 1,931 4.36 84 2,387 3.19 76 2,097 4.87 102
Securities 23,322 5.20 1,214 21,693 4.93 1,069 20,475 6.44 1,319
Loans
Residential mortgages 33,945 6.58 2,233 30,415 6.88 2,091 26,625 7.83 2,084
Non-residential mortgages 1,801 7.16 129 1,621 7.86 128 1,531 8.94 137
Consumer instalment and other personal loans 12,575 7.64 960 11,389 6.76 769 10,509 8.18 859
Credit card loans 810 11.69 95 2,264 11.10 251 2,405 12.93 311
Loans to businesses and governments (a) 25,072 7.09 1,777 24,802 5.72 1,419 19,295 7.27 1,402
Total loans 74,203 7.00 5,194 70,491 6.61 4,658 60,365 7.94 4,793
Other non-interest bearing assets 11,053 10,191 6,087
Total Canadian dollars 110,509 5.88 6,492 104,762 5.54 5,803 89,024 6.98 6,214
U.S. Dollar and Other Currencies
Deposits with other banks 24,595 5.80 1,427 22,909 5.48 1,256 16,462 5.36 882
Securities 24,005 6.28 1,508 17,118 6.90 1,182 12,842 7.08 909
Loans
Residential mortgages 3,033 7.36 223 2,009 7.66 154 1,538 7.82 120
Non-residential mortgages 965 8.47 83 671 8.42 56 358 8.53 30
Consumer instalment and other personal loans 2,883 8.45 243 2,404 8.49 204 1,612 8.36 135
Credit card loans 341 15.77 54 1,194 14.27 170 1,356 13.34 181
Loans to businesses and governments (a) 49,261 8.57 4,219 36,367 7.75 2,818 29,369 7.22 2,121
Total loans 56,483 8.54 4,822 42,645 7.98 3,402 34,233 7.56 2,587
Other non-interest bearing assets 11,858 9,287 5,755
Total U.S. dollar and other currencies 116,941 6.63 7,757 91,959 6.35 5,840 69,292 6.32 4,378
Total All Currencies
Total assets and interest income 227,450 6.27 14,249 196,721 5.92 11,643 158,316 6.69 10,592
1998 19 9 7 19 9 6
Average Average Average
Average interest Interest Average interest Interest Average interest Interest
For the year ended October 31 balances cost (%) expense balances cost (%) expense balances cost (%) expense
Liabilities
Canadian Dollars
Deposits
Banks 3,638 4.57 166 3,468 2.99 104 2,749 4.13 114
Businesses and governments 26,895 3.75 1,009 19,901 1.35 269 13,288 3.87 514
Individuals 43,291 3.17 1,373 43,784 3.25 1,421 44,156 4.50 1,985
Total deposits 73,824 3.45 2,548 67,153 2.67 1,794 60,193 4.34 2,613
Subordinated debt and other interest bearing liabilities 19,086 6.11 1,165 21,599 5.49 1,184 15,667 6.27 982
Other non-interest bearing liabilities 8,159 8,080 6,185
Total Canadian dollars 101,069 3.67 3,713 96,832 3.08 2,978 82,045 4.38 3,595
U.S. Dollar and Other Currencies
Deposits
Banks 30,105 5.53 1,664 25,457 5.35 1,362 21,896 5.37 1,175
Businesses and governments 34,202 7.25 2,480 26,156 5.67 1,483 21,249 4.43 942
Individuals 15,003 3.76 563 13,275 4.29 569 9,809 4.12 404
Total deposits 79,310 5.93 4,707 64,888 5.26 3,414 52,954 4.76 2,521
Subordinated debt and other interest bearing liabilities 27,867 6.02 1,677 19,693 5.41 1,065 14,155 5.40 765
Other non-interest bearing liabilities 9,398 7,034 1,842
Total U.S. dollar and other currencies 116,575 5.48 6,384 91,615 4.89 4,479 68,951 4.76 3,286
Total All Currencies
Total liabilities and interest expense 217,644 4.64 10,097 188,447 3.96 7,457 150,996 4.56 6,881
Shareholders’ equity 9,806 8,274 7,320
Total liabilities, interest expense
and shareholders’ equity 227,450 4.44 10,097 196,721 3.79 7,457 158,316 4.35 6,881
Net interest spread on average assets
and net interest income 1.83 4,152 2.13 4,186 2.34 3,711
SUPPLEMENTAL INFORMATION
The above table presents daily average balances and average yield and cost on assets and liabilities on a taxable equivalent basis.
Refer to the Glossary on page 92 for a definition
of the taxable equivalent basis (TEB) adjustment.
(a) Includes securities purchased under resale agreements.