Bank of Montreal 2015 Annual Report Download - page 185

Notes
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Note 30: Contractual Maturities of Assets and Liabilities and Off-Balance
Sheet Commitments
The tables below show the remaining contractual maturity of on-balance sheet assets and liabilities and off-balance sheet commitments. The
contractual maturity of financial assets and liabilities is an input to, but is not necessarily consistent with, the expected maturity of assets and
liabilities that is used in the management of liquidity and funding risk. We forecast asset and liability cash flows, both under normal market
conditions and under a number of stress scenarios to manage liquidity and funding risk. Stress scenarios include assumptions for loan repayments,
deposit withdrawals, and credit commitment and liquidity facility drawdowns by counterparty and product type. Stress scenarios also consider the
time horizon over which liquid assets can be monetized and the related haircuts and potential collateral requirements that may result from both
market volatility and credit rating downgrades, among other assumptions. For further details, see the blue tinted font portion of the Liquidity and
Funding Risk section of Management’s Discussion and Analysis.
(Canadian $ in millions) 2015
0to1
month
1to3
months
3to6
months
6to9
months
9to12
months
1to2
years
2to5
years
Over 5
years
No
maturity Total
On-Balance Sheet Financial Instruments
Assets
Cash and cash equivalents 39,438 ––––– ––85740,295
Interest bearing deposits with banks 5,077 1,728 411 94 70 2 – – – 7,382
Securities
Trading securities 954 1,432 633 3,900 2,241 3,639 5,993 15,940 37,728 72,460
Available-for-sale securities 1,260 1,198 995 590 2,434 4,641 18,699 16,476 1,713 48,006
Held-to-maturity securities 66 96 367 311 318 658 3,721 3,895 – 9,432
Other securities 3–––––61139431,020
Total securities 2,283 2,726 1,995 4,801 4,993 8,938 28,474 36,324 40,384 130,918
Securities borrowed or purchased under resale
agreements 44,959 17,564 4,400 714 389 40 – – – 68,066
Loans
Residential mortgages 1,189 2,022 4,014 4,758 4,567 17,807 61,913 9,648 – 105,918
Consumer instalment and other personal 475 619 1,334 1,509 1,513 3,844 23,578 9,228 23,498 65,598
Credit cards –––––– ––7,980 7,980
Businesses and governments 6,406 8,895 5,929 6,482 16,426 16,118 45,541 8,203 31,076 145,076
Customers’ liability under acceptances 8,607 2,692 8 – – – – – – 11,307
Allowance for credit losses –––––– ––(1,855) (1,855)
Total loans and acceptances, net of allowance 16,677 14,228 11,285 12,749 22,506 37,769 131,032 27,079 60,699 334,024
Other Assets
Derivative instruments 3,611 2,862 1,043 1,827 752 4,961 9,591 13,591 – 38,238
Premises and equipment –––––– ––2,285 2,285
Goodwill –––––– ––6,069 6,069
Intangible assets –––––– ––2,208 2,208
Current tax assets –––––– ––561561
Deferred tax assets –––––– ––3,162 3,162
Other 1,249 445 47 4 – – 12 4,347 2,569 8,673
Total other assets 4,860 3,307 1,090 1,831 752 4,961 9,603 17,938 16,854 61,196
Total Assets 113,294 39,553 19,181 20,189 28,710 51,710 169,109 81,341 118,794 641,881
198 BMO Financial Group 198th Annual Report 2015