2004 Annual Report: Financial Review: Statistical Financial Information: Table II Analysis of Changes in Net Interest Income- Fully Taxable-equivalent Basis |
Table II
Analysis of Changes in Net Interest Income- Fully Taxable-equivalent Basis
| |
Due to Change in Volume From 2003 to 2004 (1) |
Due to Change in Rate From 2003 to 2004 (1) |
Net Change From 2003 to 2004 (1) |
Due to Change in Volume From 2002 to 2003 (1) |
Due to Change in Rate From 2002 to 2003 (1) |
Net Change From 2002 to 2003 (1) |
| |
From 2003 to 2004 |
From 2002 to 2003 |
|
|
|
|
(Dollars in millions) |
Volume |
Rate |
Net
Change |
Volume |
Rate |
Net
Change |
| Increase (decrease) in interest income |
| Time deposits placed and other short-term investments |
$ 99 |
$ 91 |
$ 190 |
$ (24) |
$ (47) |
$ (71) |
Federal funds sold and securities purchased under agreements to resell |
871 |
(201) |
670 |
636 |
(133) |
503 |
| Trading account assets |
305 |
(218) |
87 |
841 |
(642) |
199 |
| Securities |
3,522 |
673 |
4,195 |
(169) |
(706) |
(875) |
| Loans and leases: |
| Residential mortgage |
2,179 |
23 |
2,202 |
1,976 |
(1,527) |
449 |
| Credit card |
1,557 |
210 |
1,767 |
697 |
(6) |
691 |
| Home equity lines |
753 |
42 |
795 |
5 |
(178) |
(173) |
| Direct/Indirect consumer |
332 |
(203) |
129 |
166 |
(347) |
(181) |
| Other consumer |
(76) |
82 |
6 |
(273) |
(69) |
(342) |
| Total consumer |
|
|
4,899 |
|
|
444 |
| Commercial - domestic |
1,525 |
(1,128) |
397 |
(637) |
355 |
(282) |
| Commercial real estate |
346 |
55 |
401 |
(76) |
(122) |
(198) |
| Commercial lease financing |
290 |
134 |
424 |
(53) |
(57) |
(110) |
| Commercial - foreign |
124 |
265 |
389 |
(159) |
(59) |
(218) |
| Total commercial |
|
|
1,611 |
|
|
(808) |
| Total loans and leases |
|
|
6,510 |
|
|
(364) |
| Other earning assets |
(136) |
221 |
85 |
808 |
(636) |
172 |
| Total interest income |
|
|
$11,737 |
|
|
$ (436) |
Increase (decrease) in interest expense |
| Domestic interest-bearing deposits: |
| Savings |
$ 41 |
$ (30) |
$ 11 |
$ 19 |
$ (49) |
$ (30) |
| NOW and money market deposit accounts |
545 |
140 |
685 |
180 |
(313) |
(133) |
| Consumer CDs and IRAs |
969 |
(1,220) |
(251) |
116 |
(300) |
(184) |
| Negotiable CDs, public funds and other time deposits |
(28) |
188 |
160 |
103 |
(101) |
2 |
| Total domestic interest-bearing deposits |
|
|
605 |
|
|
(345) |
| Foreign interest-bearing deposits: |
| Banks located in foreign countries |
130 |
507 |
637 |
(43) |
4 |
(39) |
| Governments and official institutions |
44 |
22 |
66 |
(2) |
(10) |
(12) |
| Time, savings and other |
100 |
(41) |
59 |
4 |
(134) |
(130) |
| Total foreign interest-bearing deposits |
|
|
762 |
|
|
(181) |
| Total interest-bearing deposits |
|
|
1,367 |
|
|
(526) |
Federal funds purchased, securities sold under agreements
to repurchase and other short-term borrowings |
1,156 |
1,407 |
2,563 |
841 |
(952) |
(111) |
| Trading account liabilities |
(64) |
95 |
31 |
223 |
(197) |
26 |
| Long-term debt |
738 |
(368) |
370 |
91 |
(512) |
(421) |
| Total interest expense |
|
|
4,331 |
|
|
(1,032) |
| Net increase in net interest income |
|
|
$ 7,406 |
|
|
$ 596 |
|
|
|
|
|
