Bank of Montreal 2004 Annual Report Download - page 85

BMO Financial Group Annual Report 2004 81
Supplemental Information
Table 22 Average Deposits ($ millions, except as noted)
2004 2003 2002
Average Average Average Average Average Average
balance rate paid (%) balance rate paid (%) balance rate paid (%)
Deposits Booked in Canada
Demand deposits – interest bearing 7,717 0.69 7,096 0.87 6,646 1.12
Demand deposits – non-interest bearing 10,000 – 9,244 – 8,327 –
Payable after notice 36,187 1.26 33,392 1.47 32,526 1.22
Payable on a fixed date 64,413 2.07 57,175 2.34 51,670 2.54
Total deposits booked in Canada 118,317 1.56 106,907 1.77 99,169 1.80
Deposits Booked in the U.S. and Other Countries
U.S. demand deposits 10,174 0.75 10,700 0.85 11,449 1.20
Other U.S. deposits payable after notice or on a fixed date 29,372 1.40 32,729 2.02 36,007 2.55
Deposits booked in other countries 20,077 2.05 15,282 2.05 9,764 2.83
Total Average Deposits 177,940 1.54 165,618 1.79 156,389 2.00
As at October 31, 2004, 2003 and 2002: deposits by foreign depositors in our Canadian bank
offices amounted to $9,838 million, $8,739 million and $8,612 million, respectively; total deposits
payable after notice included $19,225 million, $18,691 million and $19,581 million, respectively,
of chequing accounts that would have been classified as demand deposits under U.S. reporting
requirements; and total deposits payable on a fixed date included $19,542 million, $18,872 million
and $14,953 million, respectively, of federal funds purchased and commercial paper issued.
These amounts would have been classified as short-term borrowings for U.S. reporting purposes.
Table 24 Contractual Obligations ($ millions)
Less than 1–3 4–5 Over 5 No fixed
As at October 31, 2004 one year years years years maturity Total
Subordinated debt 365 365 140 1,525 – 2,395
Operating leases 220 320 198 444 – 1,182
Deposits (1) 68,617 20,915 6,589 1,924 77,145 175,190
Capital trust securities (2) ––– 1,745 – 1,745
Total 69,202 21,600 6,927 5,638 77,145 180,512
(1) Includes fixed maturity deposits of $17.7 billion that are redeemable at the customers’ option
under certain conditions.
(2) Represents Innovative Tier 1 capital instruments.
Table 23 Unrealized Gains (Losses) on Investment Securities ($ millions)
Unrealized gains (losses) (1)
As at October 31 Book value Fair value 2004 2003 2002 2001 2000
Government Debt and Other Securities
Canadian governments 211 211 – 1 (2) (13) 13
U.S. governments 8,257 8,257 – 134 249 202 (84)
Mortgage-backed securities 1,365 1,369 4 15 29 53 (139)
Corporate debt 2,885 2,906 21 89 62 11 (117)
Corporate equity 1,984 2,044 60 71 (19) 2 101
Other governments 315 316 1 223 –
Total government debt and other securities 15,017 15,103 86 312 321 258 (226)
Grupo Financiero Bancomer ––– ––– 277
Equity investment in 724 Solutions Inc. ––– –– (14) 134
Total investment securities 15,017 15,103 86 312 321 244 185
(1) Unrealized gains (losses) may be offset by related losses (gains) on liabilities or by hedge contracts.