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2003 Annual Report: Financial Review: Statistical Financial Information: Table III Core Net Interest Income

Table III

Core Net Interest Income(1)

(Dollars in millions) 2003 2002 2001
Net interest income
As reported on a fully taxable-equivalent basis $ 22,107 $ 21,511 $ 20,633
Trading-related net interest income (2,214 ) (1,976 ) (1,609 )
Impact of revolving securitizations 312 523 695
     Core net interest income $ 20,205 $ 20,058 $ 19,719
Average earning assets
As reported $ 657,503 $ 573,521 $ 560,316
Trading-related earning assets (182,030 ) (125,656 ) (102,111 )
Impact of revolving securitizations 3,342 6,292 10,112
     Core average earning assets $ 478,815 $ 454,157 $ 468,317
Net interest yield on earning assets
As reported 3.36 % 3.75 % 3.68 %
Impact of trading-related activities 0.83 0.61 0.47
Impact of revolving securitizations 0.03 0.05 0.06
     Core net interest yield on earning assets 4.22 % 4.41 % 4.21 %
(1)  Certain prior period amounts have been reclassified to conform to current period presentation.


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