TABLE 9 Volume/Rate Analysis of Changes in Net Interest In come (teb) ($ millions) 2002/2001 2001/2000 Increase (decrease) due to change in: Increase (decrease) due to change in: A verage Average Average Average For the year ended October 31 balance rate Total balance rate Total Assets Canadian Dollars Deposits with other banks 11 (47) (36) (5) (16) (21) Securities 169 (450) (281) 19 (115) (96) Loans Residential mortgages 273 (358) (85) 18 6 24 Non-residential mortgages 7 (11) (4) 1 (1) — Consumer instalment and other personal  34 (307) (273) 8 (58) (50) Credit card  19 6 25 19 1 20 Businesses and governments (27) (565) (592) 114 (95) 19 Total loans 306 (1,235) (929) 160 (147) 13 Other non-interest bearing assets — — Change in Canadian dollar interest income 486 (1,732) (1,246) 174 (278) (104) U.S. Dollar and Other Currencies Deposits with other banks (118) (236) (354) (114) (16) (130) Securities (241) (316) (557) (195) (138) (333) Loans Residential mortgages 40 (31) 9 66 (1) 65 Non-residential mortgages 24 (23) 1 23 (2) 21 Consumer instalment and other personal  104 (107) (3) 75 (14) 61 Credit card  1 (1) — 1 — 1 Businesses and governments (419) (1,333) (1,752) (68) (808) (876) Total loans (250) (1,495) (1,745) 97 (825) (728) Other non-interest bearing assets — — Change in U.S. dollar and other currencies interest income (609) (2,047) (2,656) (212) (979) (1,191) Total All Currencies Change in total interest income (123) (3,779) (3,902) (38) (1,257) (1,295) Liabilities Canadian Dollars Deposits Banks (16) (39) (55) (20) (4) (24) Businesses and governments 133 (1,075) (942) 2 (56) (54) Individuals 130 (433) (303) 28 (60) (32) Total deposits 247 (1,547) (1,300) 10 (120) (110) Subordinated debt and other interest bearing liabilities 73 (163) (90) 105 (115) (10) Other non-interest bearing liabilities — — Change in Canadian dollar interest expense 320 (1,710) (1,390) 115 (235) (120) U.S. Dollar and Other Currencies Deposits Banks (287) (426) (713) (296) (164) (460) Businesses and governments (82) (698) (780) (72) (603) (675) Individuals 77 (334) (257) 88 (86) 2 Total deposits (292) (1,458) (1,750) (280) (853) (1,133) Subordinated debt and other interest bearing liabilities (249) (807) (1,056) (37) (308) (345) Other non-interest bearing liabilities — — Change in U.S. dollar and other currencies interest expense (541) (2,265) (2,806) (317) (1,161) (1,478) Total All Currencies Change in total interest expense (221) (3,975) (4,196) (202) (1,396) (1,598) Change in total net interest income 98 196 294 164 139 303 BMO FINANCIAL GROUP ANNUAL REPORT 2002 57