SMFG Notes to Consolidated Financial Statements 17. Fees and Commissions Fees and commissions for the fiscal years ended March 31, 2011 and 2010 consisted of the following: Millions of yen Millions of  U.S. dollars Year ended March 31 2011 2010 2011 Fees and commissions: Deposits and loans ........................................................................................... ¥ 82,604 ¥ 70,592 $ 993 Remittances and transfers ................................................................................ 127,856  125,792 1,538  Securities-related business ................................................................................ 71,277  54,363 857  Agency ............................................................................................................ 18,054  14,763 217  Safe deposits .................................................................................................... 6,507  6,684 78  Guarantees ....................................................................................................... 62,762  49,365 755  Credit card business ......................................................................................... 185,970  143,770 2,237  Investment trusts ............................................................................................. 163,706  96,243 1,969  Other ............................................................................................................... 178,720 167,789 2,149  ¥897,461  ¥729,364 $10,793 Fees and commissions payments: Remittances and transfers ................................................................................ ¥ 33,958 ¥ 31,050 $ 408 Other ............................................................................................................... 97,272  89,697 1,170  ¥131,230  ¥120,748 $ 1,578 18. Trading Income Trading income for the fiscal years ended March 31, 2011 and 2010 consisted of the following: Millions of yen Millions of  U.S. dollars Year ended March 31 2011 2010 2011 Gains on trading securities .................................................................................. ¥ 94,234 ¥ 63,424 $1,133 Gains on securities related to trading transactions ................................................ 1,538 2,254 18 Gains on trading-related financial derivatives ...................................................... 140,157 127,833 1,686 Other .................................................................................................................. 1,162 576 14 ¥237,093  ¥194,087 $2,851 Millions of yen Millions of  U.S. dollars Year ended March 31 2011 2010 2011 Gains on sale of bonds ......................................................................................... ¥ 209,496 ¥ 90,942 $ 2,520 Gains on redemption of bonds ............................................................................. 105 10 1 Lease-related income ............................................................................................ 693,492 243,237 8,340 Gains on financial derivatives .............................................................................. 11,336 — 136 Other .................................................................................................................. 125,231 118,823 1,506 ¥1,039,662 ¥453,012 $12,503 19. Other Operating Income Other operating income for the fiscal years ended March 31, 2011 and 2010 consisted of the following: Other operating expenses for the fiscal years ended March 31, 2011 and 2010 consisted of the following: Millions of yen Millions of  U.S. dollars Year ended March 31 2011 2010 2011 Losses on sale of bonds ......................................................................................... ¥ 47,874 ¥ 30,122 $ 576 Losses on redemption of bonds ............................................................................. 7,194 17,401 87 Losses on devaluation of bonds ............................................................................. 984 331 12 Bond issuance costs .............................................................................................. 2,701 1,197 32 Lease-related expenses .......................................................................................... 627,378 201,932 7,545 Losses on foreign exchange transactions ............................................................... 44,556 1,591 536 Losses on financial derivatives .............................................................................. — 17,011 — Other .................................................................................................................. 127,554 132,186 1,534 ¥858,243 ¥401,773 $10,322 SMFG  2011 90 20. Other Operating Expenses