|
Table II
Analysis of Changes in Net Interest Income—FTE Basis
|
| From 2004 to 2005
|
| From 2003 to 2004
|
|
| (Restated)
|
| (Restated)
|
|
| Due to Change in(1)
|
| Net Change
|
| Due to Change in(1)
|
| Net Change
|
|
| (Dollars in millions) |
|
Volume
|
| Rate
|
|
|
Volume
|
| Rate
|
|
| Increase (decrease) in interest income |
|
| Time deposits placed and other short-term investments |
|
$ |
1 |
|
|
$ |
109 |
|
|
$ |
110 |
|
|
$ |
99 |
| $ |
91 |
| $ |
190 |
|
| Federal funds sold and securities purchased under agreements to resell |
|
|
597 |
|
|
|
2,475 |
|
|
|
3,072 |
|
| 811 |
| (137) |
| 674 |
|
| Trading account assets |
|
|
1,128 |
|
|
|
663 |
|
|
|
1,791 |
|
| 305 |
| (218) |
| 87 |
|
| Securities |
|
|
3,408 |
|
|
|
319 |
|
|
|
3,727 |
|
| 3,533 |
| 652 |
| 4,185 |
|
| Loans and leases: |
|
| Residential mortgage |
|
|
362 |
|
|
|
6 |
|
|
|
368 |
|
| 2,176 |
| 7 |
| 2,183 |
|
| Credit card |
|
|
1,130 |
|
|
|
470 |
|
|
|
1,600 |
|
| 1,557 |
| 210 |
| 1,767 |
|
| Home equity lines |
|
|
788 |
|
|
|
789 |
|
|
|
1,577 |
|
| 753 |
| 42 |
| 795 |
|
| Direct/Indirect consumer |
|
|
381 |
|
|
|
115 |
|
|
|
496 |
|
| 332 |
| (203) |
| 129 |
|
| Other consumer |
|
|
(62) |
| |
135 |
|
|
|
73 |
|
| (76) |
| 82 |
| 6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total consumer |
| |
4,114 |
|
| 4,880 |
|
|
|
|
|
|
|
|
|
| Commercial—domestic |
|
|
819 |
|
|
|
469 |
|
|
|
1,288 |
|
| 1,458 |
| (921) |
| 537 |
|
| Commercial real estate |
|
|
281 |
|
|
|
502 |
|
|
|
783 |
|
| 346 |
| 55 |
| 401 |
|
| Commercial lease financing |
|
|
138 |
|
|
|
35 |
|
|
|
173 |
|
| 290 |
| 134 |
| 424 |
|
| Commercial—foreign |
|
|
102 |
|
|
|
340 |
|
|
|
442 |
|
| 126 |
| 264 |
| 390 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total commercial |
| |
2,686 |
|
| 1,752 |
|
|
|
|
|
|
|
|
|
| Total loans and leases |
| |
6,800 |
|
| 6,632 |
|
|
|
|
|
|
|
|
|
| Other earning assets |
|
|
177 |
|
|
|
111 |
|
|
|
288 |
|
| (136) |
| 222 |
| 86 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total interest income |
| $ |
15,788 |
|
| $ |
11,854 |
|
|
|
|
|
|
|
|
|
| Increase (decrease) in interest expense |
|
| Domestic interest-bearing deposits: |
|
| Savings |
|
$ |
9 |
|
|
$ |
83 |
|
|
$ |
92 |
|
|
$ |
41 |
| $ |
(30) |
| $ |
11 |
|
| NOW and money market deposit accounts |
|
|
128 |
|
|
|
790 |
|
|
|
918 |
|
| 545 |
| 140 |
| 685 |
|
| Consumer CDs and IRAs |
|
|
781 |
|
|
|
770 |
|
|
|
1,551 |
|
| 894 |
| (910) |
| (16) |
|
| Negotiable CDs, public funds and other time deposits |
|
|
43 |
|
|
|
(83) |
| |
(40) |
| (28) |
| 188 |
| 160 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total domestic interest-bearing deposits |
| |
2,521 |
|
| 840 |
|
|
|
|
|
|
|
|
|
| Foreign interest-bearing deposits: |
|
| Banks located in foreign countries |
|
|
165 |
|
|
|
358 |
|
|
|
523 |
|
| 91 |
| 303 |
| 394 |
|
| Governments and official institutions |
|
|
38 |
|
|
|
103 |
|
|
|
141 |
|
| 44 |
| 22 |
| 66 |
|
| Time, savings and other |
|
|
38 |
|
|
|
348 |
|
|
|
386 |
|
| 100 |
| (41) |
| 59 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total foreign interest-bearing deposits |
| |
1,050 |
|
| 519 |
|
|
|
|
|
|
|
|
|
| Total interest-bearing deposits |
| |
3,571 |
|
| 1,359 |
|
|
|
|
|
|
|
|
|
| Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings |
|
|
1,771 |
|
|
|
5,772 |
|
|
|
7,543 |
|
| 1,156 |
| 1,045 |
| 2,201 |
|
| Trading account liabilities |
|
|
835 |
|
|
|
212 |
|
|
|
1,047 |
|
| (64) |
| 95 |
| 31 |
|
| Long-term debt |
|
|
216 |
|
|
|
519 |
|
|
|
735 |
|
| 1,113 |
| (378) |
| 735 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total interest expense |
| |
12,896 |
|
| 4,326 |
|
|
|
|
|
|
|
|
|
| Net increase in net interest income |
| $ |
2,892 |
|
| $ |
7,528 |
|
|
|
|
|
|
|
|
|
| Footnote (1) |
|
The changes for each category of interest income and expense are divided between the portion of change attributable to the variance in volume or rate for that category. The
unallocated change in rate or volume variance has been allocated between the rate and volume variances. |
|
