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BMO Financial Group 186th Annual Report 2003 59
Table 9 Volume/Rate Analysis of Changes in Net Interest Income (teb) ($ millions)
2003/2002 2002/2001
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 Dollar
Deposits with other banks (20) 4 (16) 11 (47) (36)
Securities 126 (10) 116 169 (450) (281)
Loans
Residential mortgages 229 (127) 102 273 (358) (85)
Non-residential mortgages 7 (7)
–
7 (11) (4)
Consumer instalment and other personal 23 32 55 34 (307) (273)
Credit cards 98 9 107 19 6 25
Businesses and governments 75 100 175 (27) (565) (592)
Total loans 432 7 439 306 (1,235) (929)
Other non-interest bearing assets
––
Change in Canadian dollar interest income 538 1 539 486 (1,732) (1,246)
U.S. Dollar and Other Currencies
Deposits with other banks 15 (147) (132) (118) (236) (354)
Securities 231 (315) (84) (241) (316) (557)
Loans
Residential mortgages 21 (62) (41) 40 (31) 9
Non-residential mortgages 1 (9) (8) 24 (23) 1
Consumer instalment and other personal 50 (65) (15) 104 (107) (3)
Credit cards
–––
1 (1)
–
Businesses and governments (140) (280) (420) (419) (1,333) (1,752)
Total loans (68) (416) (484) (250) (1,495) (1,745)
Other non-interest bearing assets
––
Change in U.S. dollar and other currencies interest income 178 (878) (700) (609) (2,047) (2,656)
Total All Currencies
Change in total interest income 716 (877) (161) (123) (3,779) (3,902)
Liabilities
Canadian Dollar
Deposits
Banks 21820 (16) (39) (55)
Businesses and governments 19 124 143 133 (1,075) (942)
Individuals 128 (79) 49 130 (433) (303)
Total deposits 149 63 212 247 (1,547) (1,300)
Subordinated debt and other interest bearing liabilities 69 (25) 44 73 (163) (90)
Other non-interest bearing liabilities
––
Change in Canadian dollar interest expense 218 38 256 320 (1,710) (1,390)
U.S. Dollar and Other Currencies
Deposits
Banks 105 (139) (34) (287) (426) (713)
Businesses and governments (51) (145) (196) (82) (698) (780)
Individuals (16) (142) (158) 77 (334) (257)
Total deposits 38 (426) (388) (292) (1,458) (1,750)
Subordinated debt and other interest bearing liabilities 42 (187) (145) (249) (807) (1,056)
Other non-interest bearing liabilities
––
Change in U.S. dollar and other currencies interest expense 80 (613) (533) (541) (2,265) (2,806)
Total All Currencies
Change in total interest expense 298 (575) (277) (221) (3,975) (4,196)
Change in total net interest income 418 (302) 116 98 196 294