Bank of Montreal 1998 Annual Report Download - page 65

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57
BANK OF MONTREAL GROUP OF COMPANIES
TABLE 6 VOLUME/RATE ANALYSIS OF CHANGES IN NET INTEREST INCOME ($ millions)
1998/1997 199 7/ 19 9 6
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 Dollars
Deposits with other banks (15) 23 8 14 (40) (26)
Securities 81 64 145 78 (328) (250)
Loans
Residential mortgages 243 (101) 142 296 (289) 7
Non-residential mortgages 14 (13) 1 9 (18) (9)
Consumer instalment and other personal loans 81 110 191 72 (162) (90)
Credit card loans (161) 5 (156) (19) (41) (60)
Loans to businesses and governments (a) 14 344 358 401 (384) 17
Total loans 191 345 536 759 (894) (135)
Change in Canadian dollar interest income 257 432 689 851 (1,262) (411)
U.S. Dollar and Other Currencies
Deposits with other banks 93 78 171 345 29 374
Securities 475 (149) 326 303 (30) 273
Loans
Residential mortgages 78 (9) 69 37 (3) 34
Non-residential mortgages 27 0 27 27 (1) 26
Consumer instalment and other personal loans 40 (1) 39 66 3 69
Credit card loans (121) 5 (116) (22) 11 (11)
Loans to businesses and governments (a) 998 403 1,401 506 191 697
Total loans 1,022 398 1,420 614 201 815
Change in U.S. dollar and other currencies interest income 1,590 327 1,917 1,262 200 1,462
Total All Currencies
Change in total interest income 1,847 759 2,606 2,113 (1,062) 1,051
Liabilities
Canadian Dollars
Deposits
Banks 4586230 (40) (10)
Businesses and governments 96 644 740 255 (500) (245)
Individuals (16) (32) (48) (16) (548) (564)
Total deposits 84 670 754 269 (1,088) (819)
Subordinated debt and other interest bearing liabilities (138) 119 (19) 371 (169) 202
Change in Canadian dollar interest expense (54) 789 735 640 (1,257) (617)
U.S. Dollar and Other Currencies
Deposits
Banks 249 53 302 191 (4) 187
Businesses and governments 457 540 997 217 324 541
Individuals 74 (80) (6) 143 22 165
Total deposits 780 513 1,293 551 342 893
Subordinated debt and other interest bearing liabilities 441 171 612 299 1 300
Change in U.S. dollar and other currencies interest expense 1,221 684 1,905 850 343 1,193
Total All Currencies
Change in total interest expense 1,167 1,473 2,640 1,490 (914) 576
Change in total net interest income 680 (714) (34) 623 (148) 475
The above table presents changes in net interest income, on a taxable equivalent basis, due to changes in either average daily balances (i.e., volume), or average rates.
Refer
to the Glossary on page 92 for a definition of the taxable equivalent basis (TEB) adjustment.
(a) Includes securities purchased under resale agreements.