Bank of Montreal 2000 Annual Report Download - page 97

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Bank of Montreal Group of Companies Annual Report 2000 ■73
Table 6 Volume/Rate Analysis of Changes in Net Interest Income ($ millions)
2000/1999 1999/1998
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 42 10 52 (21) 10 (11)
Securities 385 (38) 347 (500) 133 (367)
Loans
Residential mortgages 135 21 156 (54) (52) (106)
Non-residential mortgages 921115 0 15
Consumer instalment and other personal loans 63 94 157 52 15 67
Credit card loans 33 (3) 30 14 (14) 0
Loans to businesses and governments (a) 95 28 123 (12) (71) (83)
Total loans 335 142 477 15 (122) (107)
Change in Canadian dollar interest income 762 114 876 (506) 21 (485)
U.S. Dollar and Other Currencies
Deposits with other banks (157) 81 (76) (201) (230) (431)
Securities (3) 58 55 174 56 230
Loans
Residential mortgages 17 2 19 34 (25) 9
Non-residential mortgages 13 (2) 11 22 (3) 19
Consumer instalment and other personal loans 25 20 45 13 (18) (5)
Credit card loans 000(50) (3) (53)
Loans to businesses and governments (a) (429) 624 195 373 (594) (221)
Total loans (374) 644 270 392 (643) (251)
Change in U.S. dollar and other currencies interest income (534) 783 249 365 (817) (452)
Total All Currencies
Change in total interest income 228 897 1,125 (141) (796) (937)
Liabilities
Canadian Dollars
Deposits
Banks (9) 6 (3) (48) (19) (67)
Businesses and governments 232 298 530 (113) (162) (275)
Individuals 55 197 252 21 6 27
Total deposits 278 501 779 (140) (175) (315)
Subordinated debt and other interest bearing liabilities (23) (27) (50) (380) 8 (372)
Change in Canadian dollar interest expense 255 474 729 (520) (167) (687)
U.S. Dollar and Other Currencies
Deposits
Banks (26) 276 250 (158) (245) (403)
Businesses and governments 33336189 (508) (319)
Individuals 11 22 33 43 67 110
Total deposits (12) 331 319 74 (686) (612)
Subordinated debt and other interest bearing liabilities (322) 478 156 260 (163) 97
Change in U.S. dollar and other currencies interest expense (334) 809 475 334 (849) (515)
Total All Currencies
Change in total interest expense (79) 1,283 1,204 (186) (1,016) (1,202)
Change in total net interest income 307 (386) (79) 45 220 265
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.
Refertotheglossaryonpage88foradefinitionofthetaxableequivalentbasis(TEB)adjustment.
(a) Includes securities purchased under resale agreements.