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Supplemental Information
BMO Financial Group 191st Annual Report 2008 | 95
Table 10: Volume/Rate Analysis of Changes in Net Interest Income ($ millions)
2008/2007 2007/2006
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 (59) (4) (63) 16 13 29
Securities 447 72 519 375 78 453
Loans
Residential mortgages (452) (67) (519) (91) 102 11
Non-residential mortgages 22 (7) 15 13 2 15
Consumer instalment and other personal 403 (297) 106 169 102 271
Credit cards 38 16 54 (85) 16 (69)
Businesses and governments (14) (193) (207) 239 201 440
Total loans (3) (548) (551) 245 423 668
Other non-interest bearing assets ––– –––
Change in Canadian dollar interest income 385 (480) (95) 636 514 1,150
U.S. Dollar and Other Currencies
Deposits with other banks 14 (149) (135) 171 159 330
Securities (215) (251) (466) 424 118 542
Loans
Residential mortgages 91524 20 17 37
Non-residential mortgages 34 (11) 23 25 5 30
Consumer instalment and other personal 7 (64) (57) 24 52 76
Credit cards 123 (1) 1 –
Businesses and governments 1,212 (1,597) (385) 618 143 761
Total loans 1,263 (1,655) (392) 686 218 904
Other non-interest bearing assets ––– –––
Change in U.S. dollar and other currencies interest income 1,062 (2,055) (993) 1,281 495 1,776
Total All Currencies
Change in total interest income (a) 1,447 (2,535) (1,088) 1,917 1,009 2,926
Liabilities
Canadian Dollar
Deposits
Banks (1) (39) (40) (10) 17 7
Businesses and governments 139 104 243 102 608 710
Individuals 157 (161) (4) 28 148 176
Total deposits 295 (96) 199 120 773 893
Subordinated debt and other interest bearing liabilities (120) (148) (268) 118 204 322
Other non-interest bearing liabilities ––– –––
Change in Canadian dollar interest expense 175 (244) (69) 238 977 1,215
U.S. Dollar and Other Currencies
Deposits
Banks 114 (347) (233) 299 145 444
Businesses and governments 447 (860) (413) 588 111 699
Individuals 18 (135) (117) 14 112 126
Total deposits 579 (1,342) (763) 901 368 1,269
Other interest bearing liabilities 428 (928) (500) 355 (12) 343
Other non-interest bearing liabilities ––– –––
Change in U.S. dollar and other currencies interest expense 1,007 (2,270) (1,263) 1,256 356 1,612
Total All Currencies
Change in total interest expense (b) 1,182 (2,514) (1,332) 1,494 1,333 2,827
Change in total net interest income (a – b) 265 (21) 244 423 (324) 99