Bank of Montreal 2003 Annual Report Download - page 70

BMO Financial Group 186th Annual Report 200366
Supplemental Information
Table 22 Average Deposits ($ millions, except as noted)
2003 2002 2001
Average Average Average Average Average Average
balance rate paid (%) balance rate paid (%) balance rate paid (%)
Deposits Booked in Canada
Demand deposits – interest bearing 7,096 0.87 6,646 1.12 6,589 2.80
Demand deposits – non-interest bearing 9,244 – 8,327 – 7,193 –
Payable after notice 33,392 1.47 32,526 1.22 28,807 2.61
Payable on a fixed date 57,175 2.34 51,670 2.54 49,253 4.93
Total deposits booked in Canada 106,907 1.77 99,169 1.80 91,842 3.66
Deposits Booked in the U.S. and Other Countries
U.S. demand deposits 10,700 0.85 11,449 1.20 12,635 3.09
Other U.S. deposits payable after notice or on a fixed date 32,729 2.02 36,007 2.55 34,759 4.72
Deposits booked in other countries 15,282 2.05 9,764 2.83 16,048 4.86
Total Average Deposits 165,618 1.79 156,389 2.00 155,284 3.98
As at October 31, 2003, 2002 and 2001, deposits by foreign depositors in our Canadian bank offices
amounted to $8,739 million, $8,612 million and $8,668 million, respectively. As at October 31, 2003,
2002 and 2001, total deposits payable after notice included $18,691 million, $19,581 million and
$20,021 million, respectively, of chequing accounts that would have been classified as demand
deposits under U.S. reporting requirements. As at October 31, 2003, 2002 and 2001, total deposits
payable on a fixed date included $18,872 million, $14,953 million and $21,362 million, respectively,
of federal funds purchased and commercial paper issued. These amounts would have been classified
as short-term borrowings for U.S. reporting purposes.
Table 23 Unrealized Gains (Losses) on Investment Securities (a) ($ millions)
Unrealized gains (losses)
As at October 31 Book value Fair value 2003 2002 2001 2000 1999
Government Debt and Other Securities
Canadian governments 1,826 1,827 1 (2) (13) 13 21
U.S. governments 11,097 11,231 134 249 202 (84) (92)
Mortgage-backed securities 1,568 1,583 15 29 53 (139) (175)
Corporate debt 3,055 3,144 89 62 11 (117) (103)
Corporate equity 1,762 1,833 71 (19) 2 101 27
Other governments 352 354 2 23 – 10
Total government debt and other securities 19,660 19,972 312 321 258 (226) (312)
Grupo Financiero Bancomer ––– –– 277 (226)
Equity investment in 724 Solutions Inc. ––– – (14) 134 –
Total investment securities 19,660 19,972 312 321 244 185 (538)
Table 24 Contractual Obligations ($ millions)
Less than 1–3 4–5 Over 5 No fixed
As at October 31 one year years years years maturity Total
Subordinated debt 400 396 395 1,665 – 2,856
Operating leases 204 310 198 431 – 1,143
Deposits (a) 72,592 17,188 8,688 1,154 71,929 171,551
Capital trust securities (b) ––– 1,150 – 1,150
Total 73,196 17,894 9,281 4,400 71,929 176,700
(a) Unrealized gains (losses) may be offset by related losses (gains) on liabilities or by hedge contracts.
(a) Includes fixed maturity deposits of $16.6 billion that are redeemable at the customers’ option
under certain conditions.
(b) Represents Innovative Tier 1 capital instruments.