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Table 6 Other Statistical Information
As at October 31 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Other Information
Employees (1) 33,593 33,993 34,568 34,693 33,884 33,464 33,400 34,286 33,468 33,341
Bank branches 1,174 1,142 1,134 1,129 1,135 1,198 1,216 1,246 1,296 1,245
Automated banking machines (Canada) 1,993 2,023 2,000 1,982 1,987 2,039 2,069 2,035 2,017 1,763
Rates
Average Canadian prime rate (%) 4.05 4.69 4.15 6.55 7.05 6.49 6.44 4.80 6.67 8.58
Average U.S. prime rate (%) 4.17 4.17 4.79 7.68 9.18 8.00 8.59 8.51 8.49 8.89
Canadian/U.S. dollar exchange rates ($)
High 1.40 1.59 1.61 1.49 1.44 1.45 1.40 1.33 1.34 1.33
Low 1.22 1.30 1.51 1.59 1.53 1.56 1.58 1.41 1.38 1.42
Average 1.32 1.44 1.57 1.54 1.48 1.50 1.46 1.37 1.37 1.38
End of period 1.22 1.32 1.56 1.59 1.52 1.47 1.54 1.41 1.34 1.34
(1) Reflects full-time equivalent number of employees, comprising full-time and part-time employees
and adjustments for overtime hours.
Table 7 Revenue and Revenue Growth ($ millions, except as noted)
5-year 10-year
For the year ended October 31 2004 2003 2002 2001 2000 CAGR CAGR
Net Interest Income
Net interest income as reported 4,922 4,899 4,829 4,499 4,204 2.8 4.2
Taxable equivalent basis adjustment (teb) 139 152 106 142 134 0.3 7.6
Net interest income (teb) 5,061 5,051 4,935 4,641 4,338 2.8 4.3
Year-over-year growth (%) 0.2 2.3 6.3 7.0 (1.8) na na
Net Interest Margin
Total average assets 269,792 263,966 247,990 243,248 234,944 3.5 8.2
Net interest margin (as reported) (%) 1.82 1.86 1.95 1.85 1.79 na na
Net interest margin (teb) (%) 1.88 1.91 1.99 1.91 1.85 na na
Canadian dollar net interest margin (teb) (%) 2.16 2.36 2.58 2.78 2.70 na na
U.S. dollar and other currencies net interest margin (teb) (%) 1.37 1.32 1.37 1.15 1.01 na na
Non-Interest Revenue
Securities commissions and fees 1,055 894 813 742 859 9.6 12.9
Deposit and payment service charges 746 756 732 670 646 3.9 5.5
Trading revenues 200 275 209 490 388 (7.4) (1.2)
Lending fees 317 293 306 352 322 (0.8) 5.8
Card fees 261 290 260 204 216 5.0 2.1
Investment management and custodial fees 307 303 314 336 373 (6.0) 4.5
Mutual fund revenues 378 321 309 251 232 12.8 21.0
Securitization revenues 177 244 329 331 343 (9.7) NA
Underwriting and advisory fees 343 268 228 234 210 14.4 NA
Investment securities gains (losses) 175 (41) (146) 123 183 nm 16.9
Foreign exchange, other than trading 177 160 151 127 146 5.9 7.1
Insurance income 139 124 105 125 96 13.7 10.6
Other revenues 276 333 314 237 312 8.8 14.0
Total non-interest revenue 4,551 4,220 3,924 4,222 4,326 5.3 9.3
Year-over-year growth (%) 7.8 7.6 (7.1) (2.4) 23.2 na na
Non-interest revenue as a % of total revenue (teb) 47.3 45.5 44.3 47.6 49.9 na na
Total Revenue (as reported) 9,473 9,119 8,753 8,721 8,530 4.0 6.3
Total Revenue (teb) 9,612 9,271 8,859 8,863 8,664 3.9 6.3
Year-over-year growth (teb) (%) 3.7 4.7
–
2.3 9.3 na na
NA
–
not available
na
–
not applicable
nm
–
not meaningful
BMO Financial Group Annual Report 200472
Supplemental Information
Supplemental Information