CONSOLIDATED BALANCE SH EET The accompanying notes to consolidated financial statements are an integral part of this statement. Jeremy H. Reitman Ch airman, Audit Committee F. Anthony Comper Chairman and Chief Executive Officer 68 BMO FINANCIAL GROUP ANNUAL REPORT 2002 As at October 31 (Canadian $ in millions) 2002 2001 Assets Cash Resources (Notes 2 & 22) $ 19,305 $ 17,656 Securities  (Notes 3 & 22) Investment (fair value $21,592 in 2002 and $21,714 in 2001) 21,271 21,470 Trading 22,427 16,200 Loan substitutes 17 6 43,715 37,676 Loans (Notes 4 & 6) Residential mortgages 47,569 41,941 Consumer instalment and other personal 21,168 19,107 Credit cards 2,280 1,527 Businesses and governments 57,963 61,249 Securities purchased under resale agreements 15,664 14,954 144,644 138,778 Allowance for credit losses (1,949) (1,949) 142,695 136,829 Other CustomersGLYPH<213> liability under acceptances 6,901 7,936 Premises and equipment (Note 8) 2,159 2,170 Other assets (Note 9) 38,089 37,142 47,149 47,248 Total Assets $ 252,864 $ 239,409 Liabilities and ShareholdersGLYPH<213> Equity Deposits (Note 12) Banks $ 15,273 $ 20,539 Businesses and governments 71,411 66,132 Individuals 75,154 67,619 161,838 154,290 Other Liabilities (Note 13) Acceptances 6,901 7,936 Securities sold but not yet purchased 7,654 6,609 Securities sold under repurchase agreements 24,796 17,480 Other 35,987 37,738 75,338 69,763 Subordinated Debt (Note 14) 3,794 4,674 ShareholdersGLYPH<213> Equity Share capital (Note 15) 4,976 4,425 Retained earnings 6,918 6,257 11,894 10,682 Total Liabilities and ShareholdersGLYPH<213> Equity $ 252,864 $ 239,409