Millions of yen 2011 2010 Year ended March 31 Domestic  operations Overseas operations Elimination Total Domestic  operations Overseas operations Elimination Total Interest income ..................................................... ¥1,227,312 ¥331,747 ¥(73,281) ¥1,485,778 ¥1,302,315 ¥389,577 ¥(93,427) ¥1,598,464 Interest expenses .................................................. 241,960 100,023 (73,372) 268,610 272,565 116,457 (93,407) 295,615 Net interest income ................................................... 985,352 231,724 91 1,217,168 1,029,750 273,119 (19) 1,302,849 Trust fees ................................................................... 2,299 — — 2,299 1,736 — — 1,736 Fees and commissions ......................................... 574,092 92,978 (1,961) 665,109 502,032 80,658 (2,549) 580,142 Fees and commissions payments ........................ 127,305 11,046 (407) 137,944 118,326 10,923 (1,493) 127,756 Net fees and commissions ........................................ 446,786 81,932 (1,553) 527,165 383,705 69,735 (1,055) 452,385 Trading income...................................................... 227,454 2,787 (17,321) 212,920 148,600 28,902 (20,932) 156,570 Trading losses ....................................................... 6,732 10,589 (17,321) — 8,313 12,619 (20,932) — Net trading income .................................................... 220,722 (7,801) — 212,920 140,287 16,283 — 156,570 Other operating income ........................................ 249,252 48,567 (53) 297,766 140,284 16,083 (12) 156,355 Other operating expenses..................................... 135,821 7,190 — 143,012 103,485 9,074 — 112,560 Net other operating income (expenses) .................... 113,430 41,376 (53) 154,753 36,799 7,008 (12) 43,795 Millions of yen 2011 2010  Year ended March 31 Average balance Interest Earnings yield Average balance Interest Earnings yield Interest-earning assets ................................... ¥91,909,190 ¥1,227,312 1.34% ¥85,101,802 ¥1,302,315 1.53% Loans and bills discounted ......................... 54,710,171 953,365 1.74 56,291,108 1,036,964 1.84 Securities .................................................... 31,053,391 225,723 0.73 24,649,455 216,124 0.88 Call loans and bills bought ......................... 352,721 2,248 0.64 337,927 2,495 0.74 Receivables under resale agreements ........ 26,178 32 0.12 13,958 15 0.11  Receivables under securities borrowing transactions ............................. 4,202,003 8,429 0.20 2,277,769 5,394 0.24 Deposits with banks ................................... 292,234 1,419 0.49 268,117 1,704 0.64 Interest-bearing liabilities ............................... ¥95,026,491 ¥ 241,960 0.25% ¥89,290,815 ¥ 272,565 0.31% Deposits...................................................... 71,099,847 71,691 0.10 68,567,643 106,566 0.16 Negotiable certificates of deposit ............... 7,197,270 12,453 0.17 7,227,930 18,280 0.25 Call money and bills sold ............................ 1,613,567 2,166 0.13 1,855,873 2,853 0.15 Payables under repurchase agreements .... 443,352 571 0.13 607,324 668 0.11  Payables under securities lending transactions ................................. 4,545,844 8,743 0.19 2,829,428 6,120 0.22 Commercial paper ...................................... — — — — — — Borrowed money ........................................ 6,205,133 89,516 1.44 4,462,011 104,896 2.35 Short-term bonds ....................................... 359,916 564 0.16 238,247 468 0.20 Bonds ......................................................... 3,347,596 59,612 1.78 3,292,435 60,201 1.83 SMFG  2011 155 SMBC Income Analysis (Consolidated) Sumitomo Mitsui Banking Corporation and Subsidiaries Notes: 1. Domestic operations comprise the operations of SMBC (excluding overseas branches) and its domestic consolidated subsidiaries. Overseas operations  comprise the operations of SMBC’s overseas branches and its overseas consolidated subsidiaries. 2. Income and expenses resulting from money held in trust are included in “Other income” and “Other expenses.” Therefore, “Interest expenses” are shown  after deduction of expenses (2011, ¥16 million; 2010, ¥20 million) related to the management of money held in trust. 3. Intersegment transactions are reported in the “Elimination” column. Domestic Operations Notes: 1. Domestic operations comprise the operations of SMBC (excluding overseas branches) and its domestic consolidated subsidiaries. 2. In principle, average balances are calculated by using daily balances. However, some consolidated subsidiaries use weekly, monthly or quarterly balances  instead. 3. “Interest-earning assets” are shown after deduction of the average balance of noninterest-earning deposits (2011, ¥1,143,287 million; 2010, ¥946,938  million). 4. Income and expenses resulting from money held in trust are included in “Other income” and “Other expenses.” Therefore, “Interest-earning assets” are  shown after deduction of the average balance of money held in trust (2011, ¥18,676 million; 2010, ¥12,392 million). “Interest-bearing liabilities” are shown  after deduction of amounts equivalent to the average balance of money held in trust (2011, ¥18,676 million; 2010, ¥12,392 million) and corresponding  interest (2011, ¥16 million; 2010, ¥20 million). Average Balance, Interest and Earnings Yield of Interest-Earning Assets and Interest-Bearing Liabilities Operating Income, Classified by Domestic and Overseas Operations