The following table summarizes the estimated fair values of the assets  acquired and the liabilities assumed at the date of acquisition: We conduct our business through operating segments, each of which has a distinct market and product mandate. Our Personal and Com- mercial Client Group provides financial services to personal and commercial customers; our Private Client Group provides wealth management services; and our Investment Banking Group offers cor - porate, institutional and government clients comprehensive financial services including advisory, investment and operating services. In addition, Corporate Support, including Technology and Solu- tions, provides enterprise-wide services including overall technology support and risk management.  Information concerning these operating segments, including dis- closure of their revenues, expenses, net income, average assets, loans and deposits, is presented in the tables on pages 36 to 47 of our Management’s Discussion and Analysis. Demand deposits are comprised primarily of our customers’ chequing accounts, some of which we pay interest on. Our customers need not notify us prior to withdrawing money from their chequing accounts. Deposits payable after notice are comprised primarily of our cus- tomers’ savings accounts, on which we pay interest. Our customers are often required to give us notice prior to withdrawing money from these accounts. Deposits payable on a fixed date are comprised primarily of  various investment instruments purchased by our customers, such as term deposits and guaranteed investment certificates, to earn interest over a fixed period. The term of these deposits can vary from one day to ten years. Deposits include federal funds purchased, which are overnight borrowings of other banks’ excess reserve funds at a United States Federal Reserve Bank. As at October 31, 2002 we had purchased $4,096 of federal funds and $4,160 as at October 31, 2001. Deposits include commercial paper totalling $597 as at Octo- ber 31, 2002 and $505 as at October 31, 2001. Included in our deposits payable on a fixed date as at October 31, 2002 are $65,304 of individual deposits greater than one hundred  thousand dollars of which $31,529 were booked in Canada and $33,775 were booked outside Canada. We had $61,789 of such deposits as at October 31, 2001 of which $24,746 were booked in Canada and $37,043 were booked outside Canada. Of these deposits booked in Canada as at October 31, 2002, the amount maturing within three months was $20,054, between three and six months was $1,642, between six and twelve months was $3,708 and over twelve months was $6,125. As at October 31, 2001, the amount maturing within three months was $13,101, between three and six months was $2,139, between six and twelve months was $3,610 and over twelve months was $5,896. BMO FINANCIAL GROUP ANNUAL REPORT 2002 79 NOTE 11 Operating and Geographic Segmentation 2002 2001 Morgan Stanley  CSFB direct , Inc. client accounts Joliet Guardian Cash resources $ 51  $ — $ 193 $  — Premises and equipment 10  — — — Investment securities — — 653 — Loans — — 852 — Other assets Other 6  — 23 9 Customer relationships 200 153 — — Core deposit intangible  — — 76 — Other intangible assets 9  — — 18 Goodwill 597  — 152 187 812 153 251 214 Total assets 873 153 1,949 214 Deposits — — 1,347 — Securities sold under repurchase agreements — — 230 — Other liabilities 19 — 35 27 Total liabilities 19  — 1,612 27 Purchase price $ 854  $ 153  $ 337 $ 187 NOTE 12 Deposits Demand deposits Payable Payable on Interest bearing Non-interest bearing after notice a fixed date Total 2002 2001 2002 2001 2002 2001 2002 2001 2002 2001 Deposits by: Banks $ 210 $ 237 $ 363 $ 512 $ 188 $ 462 $ 14,512 $ 19,328 $ 15,273 $ 20,539 Businesses and governments 4,659 5,042 9,008 10,103 16,028 15,288 41,716 35,699 71,411 66,132 Individuals 2,450 2,425 3,346 2,733 32,949 28,819 36,409 33,642 75,154 67,619 Total $ 7,319 $ 7,704 12,717 $ 13,348 $ 49,165 $ 44,569 $ 92,637 $ 88,669 $ 161,838 $ 154,290 Booked in: Canada $ 6,561 $ 6,822 8,941 $ 7,861 $ 32,671 $ 31,390 $ 54,799 $ 47,358 $ 102,972 $ 93,431 United States 730 842 3,766 5,474 16,102 12,916 28,595 31,488 49,193 50,720 Other countries 28 40 10 13 392 263 9,243 9,823 9,673 10,139 Total $ 7,319 $ 7,704 12,717 $ 13,348 $ 49,165 $ 44,569 $ 92,637 $ 88,669 $ 161,838 $ 154,290