The following tables allocate changes in net interest income and net interest expense between volume and rate for 2009 compared with 2008, and for 2008 compared with 2007.
Interest income |
|
|
|
|
|
|
|
|
|
|||||
|
|
|
|
Increase/(decrease) in 2009 compared with 2008 |
|
|
|
Increase/(decrease) |
|
|
||||
|
|
2009 |
|
Volume |
|
Rate |
|
2008 |
|
Volume |
|
Rate |
|
2007 |
|
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
US$m |
Short-term funds and loans and advances to banks |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Europe |
HSBC Bank ............................ |
1,379 |
|
(386) |
|
(422) |
|
2,187 |
|
(166) |
|
(239) |
|
2,592 |
|
HSBC Private Banking |
43 |
|
(149) |
|
(141) |
|
333 |
|
119 |
|
(15) |
|
229 |
|
HSBC France .......................... |
440 |
|
60 |
|
(1,115) |
|
1,495 |
|
173 |
|
28 |
|
1,294 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hong Kong |
Hang Seng Bank ..................... |
202 |
|
(26) |
|
(359) |
|
587 |
|
203 |
|
(225) |
|
609 |
|
The Hongkong and Shanghai Banking Corporation ....................... |
182 |
|
(549) |
|
(613) |
|
1,344 |
|
(139) |
|
(869) |
|
2,352 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rest of Asia-Pacific27 |
The Hongkong and Shanghai Banking Corporation ....................... |
326 |
|
(152) |
|
(403) |
|
881 |
|
362 |
|
(291) |
|
810 |
|
HSBC Bank Malaysia ............. |
81 |
|
(31) |
|
(53) |
|
165 |
|
65 |
|
(3) |
|
103 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Middle East27 |
HSBC Bank Middle East ......... |
52 |
|
(54) |
|
(82) |
|
188 |
|
(15) |
|
(121) |
|
324 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North America |
HSBC Bank USA .................... |
94 |
|
(248) |
|
14 |
|
328 |
|
10 |
|
(159) |
|
477 |
|
HSBC Bank Canada ................ |
10 |
|
(13) |
|
(84) |
|
107 |
|
(21) |
|
(46) |
|
174 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Latin America |
HSBC Mexico ........................ |
149 |
|
3 |
|
(101) |
|
247 |
|
9 |
|
(1) |
|
239 |
|
Brazilian operations34 ............ |
1,003 |
|
302 |
|
(250) |
|
951 |
|
242 |
|
64 |
|
645 |
|
HSBC Bank Panama ............... |
10 |
|
1 |
|
(21) |
|
30 |
|
9 |
|
(12) |
|
33 |
|
HSBC Bank Argentina ............ |
29 |
|
(25) |
|
11 |
|
43 |
|
16 |
|
11 |
|
16 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other operations ............................................... |
199 |
|
(160) |
|
(401) |
|
760 |
|
43 |
|
(181) |
|
898 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,199 |
|
(1,911) |
|
(3,536) |
|
9,646 |
|
915 |
|
(2,064) |
|
10,795 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and advances to customers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Europe |
HSBC Bank ............................ |
10,898 |
|
(749) |
|
(6,940) |
|
18,587 |
|
3,885 |
|
(3,376) |
|
18,078 |
|
HSBC Private Banking |
176 |
|
(94) |
|
(224) |
|
494 |
|
132 |
|
(145) |
|
507 |
|
HSBC France .......................... |
1,932 |
|
(118) |
|
(1,554) |
|
3,604 |
|
257 |
|
128 |
|
3,219 |
|
HSBC Finance ........................ |
319 |
|
(180) |
|
(6) |
|
505 |
|
(76) |
|
(30) |
|
611 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hong Kong |
Hang Seng Bank ..................... |
1,194 |
|
12 |
|
(407) |
|
1,589 |
|
251 |
|
(782) |
|
2,120 |
|
The Hongkong and Shanghai Banking Corporation ....................... |
1,757 |
|
28 |
|
(562) |
|
2,291 |
|
392 |
|
(1,002) |
|
2,901 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rest of Asia-Pacific27 |
The Hongkong and Shanghai Banking Corporation ....................... |
3,668 |
|
(762) |
|
(733) |
|
5,163 |
|
1,345 |
|
(503) |
|
4,321 |
|
HSBC Bank Malaysia ............. |
455 |
|
(19) |
|
(79) |
|
553 |
|
64 |
|
(18) |
|
507 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Middle East27 |
HSBC Bank Middle East ......... |
1,593 |
|
(71) |
|
115 |
|
1,549 |
|
680 |
|
(331) |
|
1,200 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North America |
HSBC Bank USA .................... |
5,541 |
|
330 |
|
(547) |
|
5,758 |
|
219 |
|
(1,046) |
|
6,585 |
|
HSBC Finance ........................ |
9,941 |
|
(4,472) |
|
(1,422) |
|
15,835 |
|
(1,495) |
|
(756) |
|
18,086 |
|
HSBC Bank Canada ................ |
1,499 |
|
(267) |
|
(689) |
|
2,455 |
|
284 |
|
(427) |
|
2,598 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Latin America |
HSBC Mexico ........................ |
1,708 |
|
(753) |
|
(104) |
|
2,565 |
|
104 |
|
274 |
|
2,187 |
|
Brazilian operations34 ............ |
4,494 |
|
(233) |
|
(152) |
|
4,879 |
|
1,744 |
|
(760) |
|
3,895 |
|
HSBC Bank Panama ............... |
864 |
|
64 |
|
(10) |
|
810 |
|
49 |
|
(17) |
|
778 |
|
HSBC Bank Argentina ............ |
357 |
|
(35) |
|
14 |
|
378 |
|
68 |
|
69 |
|
241 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other operations ............................................... |
1,905 |
|
100 |
|
98 |
|
1,707 |
|
564 |
|
(647) |
|
1,790 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
48,301 |
|
(5,358) |
|
(15,063) |
|
68,722 |
|
8,887 |
|
(9,789) |
|
69,624 |
Interest income (continued)
|
|
|
|
Increase/(decrease) in 2009 compared with 2008 |
|
|
|
Increase/(decrease) in 2008 compared with 2007 |
|
|
||||
|
|
2009 |
|
Volume |
|
Rate |
|
2008 |
|
Volume |
|
Rate |
|
2007 |
|
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
US$m |
Financial investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Europe |
HSBC Bank ....................... |
2,321 |
|
(182) |
|
(1,337) |
|
3,840 |
|
2,006 |
|
(597) |
|
2,431 |
|
HSBC Private Banking |
363 |
|
165 |
|
(355) |
|
553 |
|
81 |
|
(39) |
|
511 |
|
HSBC France ..................... |
141 |
|
(510) |
|
(144) |
|
795 |
|
222 |
|
62 |
|
511 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hong Kong |
Hang Seng Bank ................ |
630 |
|
25 |
|
(458) |
|
1,063 |
|
(340) |
|
(147) |
|
1,550 |
|
The Hongkong and Shanghai Banking Corporation .................. |
644 |
|
1,380 |
|
(1,299) |
|
563 |
|
(263) |
|
(191) |
|
1,017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rest of Asia-Pacific27 |
The Hongkong and Shanghai Banking Corporation .................. |
1,039 |
|
97 |
|
(565) |
|
1,507 |
|
371 |
|
71 |
|
1,065 |
|
HSBC Bank Malaysia ........ |
37 |
|
11 |
|
(10) |
|
36 |
|
(21) |
|
1 |
|
56 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Middle East27 |
HSBC Bank Middle East .... |
118 |
|
34 |
|
(60) |
|
144 |
|
96 |
|
(126) |
|
174 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North America |
HSBC Bank USA ............... |
969 |
|
106 |
|
(369) |
|
1,232 |
|
87 |
|
(44) |
|
1,189 |
|
HSBC Finance ................... |
120 |
|
(24) |
|
1 |
|
143 |
|
(65) |
|
(21) |
|
229 |
|
HSBC Bank Canada ........... |
205 |
|
91 |
|
(83) |
|
197 |
|
41 |
|
(102) |
|
258 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Latin America |
HSBC Mexico ................... |
227 |
|
31 |
|
(48) |
|
244 |
|
14 |
|
(89) |
|
319 |
|
Brazilian operations34 ....... |
820 |
|
22 |
|
(55) |
|
853 |
|
140 |
|
41 |
|
672 |
|
HSBC Bank Panama .......... |
39 |
|
(1) |
|
(7) |
|
47 |
|
(7) |
|
(4) |
|
58 |
|
HSBC Bank Argentina ....... |
35 |
|
(17) |
|
5 |
|
47 |
|
(33) |
|
12 |
|
68 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other operations ....................................... |
1,717 |
|
966 |
|
(603) |
|
1,354 |
|
123 |
|
(176) |
|
1,407 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,425 |
|
2,790 |
|
(5,983) |
|
12,618 |
|
2,450 |
|
(1,347) |
|
11,515 |
For footnotes, see page 149.
Interest expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deposits by banks |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Europe |
HSBC Bank ....................... |
553 |
|
(504) |
|
(818) |
|
1,875 |
|
162 |
|
(435) |
|
2,148 |
|
HSBC Private Banking |
1 |
|
(80) |
|
(24) |
|
105 |
|
121 |
|
(38) |
|
22 |
|
HSBC France ..................... |
536 |
|
258 |
|
(1,394) |
|
1,672 |
|
310 |
|
4 |
|
1,358 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hong Kong |
Hang Seng Bank ................ |
5 |
|
(21) |
|
(29) |
|
55 |
|
(53) |
|
(15) |
|
123 |
|
The Hongkong and Shanghai Banking Corporation .................. |
9 |
|
62 |
|
(123) |
|
70 |
|
1 |
|
(81) |
|
150 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rest of Asia-Pacific27 |
The Hongkong and Shanghai Banking Corporation .................. |
165 |
|
(153) |
|
(132) |
|
450 |
|
260 |
|
(255) |
|
445 |
|
HSBC Bank Malaysia......... |
2 |
|
(7) |
|
(1) |
|
10 |
|
(1) |
|
(1) |
|
12 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Middle East27 |
HSBC Bank Middle East .... |
9 |
|
(16) |
|
(4) |
|
29 |
|
48 |
|
(51) |
|
32 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North America |
HSBC Bank USA ............... |
9 |
|
(53) |
|
(158) |
|
220 |
|
244 |
|
(438) |
|
414 |
|
HSBC Bank Canada ........... |
8 |
|
- |
|
(33) |
|
41 |
|
(16) |
|
(36) |
|
93 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Latin America |
HSBC Mexico ................... |
49 |
|
25 |
|
(8) |
|
32 |
|
(10) |
|
(21) |
|
63 |
|
Brazilian operations34 ....... |
241 |
|
34 |
|
17 |
|
190 |
|
85 |
|
(1) |
|
106 |
|
HSBC Bank Panama .......... |
26 |
|
(5) |
|
(12) |
|
43 |
|
(7) |
|
(16) |
|
66 |
|
HSBC Bank Argentina ....... |
1 |
|
(1) |
|
1 |
|
1 |
|
(7) |
|
(1) |
|
9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other operations ....................................... |
45 |
|
(61) |
|
(60) |
|
166 |
|
4 |
|
(129) |
|
291 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,659 |
|
(653) |
|
(2,647) |
|
4,959 |
|
1,183 |
|
(1,556) |
|
5,332 |
|
|
|
|
|
|
|
|
|
|
|||||
|
|
|
|
Increase/(decrease) in 2009 compared with 2008 |
|
|
|
Increase/(decrease) |
|
|
||||
|
|
2009 |
|
Volume |
|
Rate |
|
2008 |
|
Volume |
|
Rate |
|
2007 |
|
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
US$m |
Customer accounts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Europe |
HSBC Bank ........................... |
2,407 |
|
(1,015) |
|
(6,670) |
|
10,092 |
|
1,355 |
|
(1,839) |
|
10,576 |
|
HSBC Private Banking |
256 |
|
(376) |
|
(717) |
|
1,349 |
|
328 |
|
(464) |
|
1,485 |
|
HSBC France ........................ |
645 |
|
884 |
|
(1,822) |
|
1,583 |
|
292 |
|
65 |
|
1,226 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hong Kong |
Hang Seng Bank .................... |
200 |
|
69 |
|
(783) |
|
914 |
|
152 |
|
(1,138) |
|
1,900 |
|
The Hongkong and Shanghai Banking Corporation ...................... |
211 |
|
111 |
|
(1,265) |
|
1,365 |
|
382 |
|
(2,516) |
|
3,499 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rest of Asia-Pacific27 |
The Hongkong and Shanghai Banking Corporation ...................... |
1,494 |
|
(124) |
|
(1,251) |
|
2,869 |
|
711 |
|
(487) |
|
2,645 |
|
HSBC Bank Malaysia ............ |
191 |
|
(17) |
|
(87) |
|
295 |
|
43 |
|
(8) |
|
260 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Middle East27 |
HSBC Bank Middle East ........ |
432 |
|
(25) |
|
35 |
|
422 |
|
156 |
|
(312) |
|
578 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North America |
HSBC Bank USA ................... |
975 |
|
(40) |
|
(1,054) |
|
2,069 |
|
334 |
|
(1,316) |
|
3,051 |
|
HSBC Bank Canada ............... |
385 |
|
27 |
|
(609) |
|
967 |
|
146 |
|
(269) |
|
1,090 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Latin America |
HSBC Mexico ....................... |
391 |
|
(114) |
|
(56) |
|
561 |
|
15 |
|
(2) |
|
548 |
|
Brazilian operations34 ........... |
2,946 |
|
274 |
|
(438) |
|
3,110 |
|
741 |
|
206 |
|
2,163 |
|
HSBC Bank Panama ............. |
353 |
|
32 |
|
25 |
|
296 |
|
6 |
|
(24) |
|
314 |
|
HSBC Bank Argentina .......... |
99 |
|
(7) |
|
(39) |
|
145 |
|
17 |
|
43 |
|
85 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other operations ............................................. |
361 |
|
(12) |
|
(1,579) |
|
1,952 |
|
369 |
|
(714) |
|
2,297 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,346 |
|
(292) |
|
(16,351) |
|
27,989 |
|
4,710 |
|
(8,438) |
|
31,717 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities designated at fair value - |
1,558 |
|
(177) |
|
(1,398) |
|
3,133 |
|
304 |
|
(739) |
|
3,568 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt securities in issue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Europe |
HSBC Bank ........................... |
1,305 |
|
(615) |
|
(2,081) |
|
4,001 |
|
1,290 |
|
(1,042) |
|
3,753 |
|
HSBC France ........................ |
330 |
|
(270) |
|
(847) |
|
1,447 |
|
86 |
|
154 |
|
1,207 |
|
HSBC Finance ....................... |
- |
|
(8) |
|
- |
|
8 |
|
(2) |
|
(8) |
|
18 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hong Kong |
Hang Seng Bank .................... |
21 |
|
(16) |
|
(20) |
|
57 |
|
(2) |
|
(21) |
|
80 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rest of Asia-Pacific27 |
The Hongkong and Shanghai Banking Corporation ...................... |
218 |
|
(255) |
|
(167) |
|
640 |
|
1 |
|
80 |
|
559 |
|
HSBC Bank Malaysia............. |
16 |
|
(3) |
|
(1) |
|
20 |
|
6 |
|
1 |
|
13 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Middle East27 |
HSBC Bank Middle East ........ |
62 |
|
11 |
|
(39) |
|
90 |
|
32 |
|
(61) |
|
119 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North America |
HSBC Bank USA ................... |
590 |
|
(37) |
|
(225) |
|
852 |
|
(182) |
|
(198) |
|
1,232 |
|
HSBC Finance ....................... |
2,510 |
|
(1,326) |
|
71 |
|
3,765 |
|
(802) |
|
(744) |
|
5,311 |
|
HSBC Bank Canada ............... |
322 |
|
(147) |
|
(135) |
|
604 |
|
95 |
|
(131) |
|
640 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Latin America |
HSBC Mexico ....................... |
67 |
|
(111) |
|
(65) |
|
243 |
|
148 |
|
(15) |
|
110 |
|
Brazilian operations34 ........... |
86 |
|
(24) |
|
(46) |
|
156 |
|
36 |
|
5 |
|
115 |
|
HSBC Bank Panama ............. |
34 |
|
(4) |
|
5 |
|
33 |
|
(4) |
|
(8) |
|
45 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other operations ............................................. |
340 |
|
15 |
|
259 |
|
66 |
|
(14) |
|
93 |
|
(13) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,901 |
|
(2,557) |
|
(3,524) |
|
11,982 |
|
(723) |
|
(1,930) |
|
13,189 |
For footnotes, see page 149.
Short-term borrowings
HSBC includes short-term borrowings within customer accounts, deposits by banks and debt securities in issue and does not show short-term borrowings separately on the balance sheet.
Short-term borrowings are defined by the US Securities and Exchange Commission ('SEC') as Federal funds purchased and securities sold under agreements to repurchase, commercial paper and other short-term borrowings. HSBC's only significant short-term borrowings are securities sold under agreements to repurchase and certain debt securities in issue. Additional information on these is provided in the table below.
Repos and short-term bonds
|
2009 |
|
2008 |
|
2007 |
|
US$m |
|
US$m |
|
US$m |
Securities sold under agreements to repurchase |
|
|
|
|
|
Outstanding at 31 December ...................................................................... |
152,218 |
|
145,180 |
|
140,001 |
Average amount outstanding during the year .............................................. |
170,671 |
|
177,256 |
|
129,779 |
Maximum quarter-end balance outstanding during the year ......................... |
157,778 |
|
190,651 |
|
148,601 |
|
|
|
|
|
|
Weighted average interest rate during the year ........................................... |
0.8% |
|
3.8% |
|
5.4% |
Weighted average interest rate at the year-end ........................................... |
0.4% |
|
2.9% |
|
4.8% |
|
|
|
|
|
|
Short-term bonds |
|
|
|
|
|
Outstanding at 31 December ...................................................................... |
38,776 |
|
40,279 |
|
51,792 |
Average amount outstanding during the year .............................................. |
33,010 |
|
45,330 |
|
39,153 |
Maximum quarter-end balance outstanding during the year ......................... |
38,776 |
|
55,842 |
|
51,792 |
|
|
|
|
|
|
Weighted average interest rate during the year ........................................... |
3.2% |
|
5.0% |
|
7.0% |
Weighted average interest rate at the year-end ........................................... |
0.6% |
|
3.1% |
|
6.5% |
The table below provides details of HSBC's material contractual obligations as at 31 December 2009.
|
Payments due by period |
||||||
|
Total |
|
Less than 1 year |
|
1-5 years |
|
More than 5 years |
|
US$m |
|
US$m |
|
US$m |
|
US$m |
|
|
|
|
|
|
|
|
Long-term debt obligations ............................................. |
234,297 |
|
71,482 |
|
93,778 |
|
69,037 |
Term deposits and certificates of deposit ........................ |
211,434 |
|
198,081 |
|
13,353 |
|
- |
Capital (finance) lease obligations .................................. |
971 |
|
103 |
|
249 |
|
619 |
Operating lease obligations ............................................. |
5,655 |
|
857 |
|
2,264 |
|
2,534 |
Purchase obligations ....................................................... |
1,359 |
|
1,045 |
|
314 |
|
- |
Short positions in debt securities and equity shares .......... |
90,067 |
|
73,437 |
|
5,332 |
|
11,298 |
Current tax liability ........................................................ |
2,141 |
|
2,141 |
|
- |
|
- |
Pension/healthcare obligation ......................................... |
15,979 |
|
1,188 |
|
5,548 |
|
9,243 |
|
|
|
|
|
|
|
|
|
561,903 |
|
348,334 |
|
120,838 |
|
92,731 |
Ratios of earnings to combined fixed charges (and preference share dividends)
|
2009 |
|
2008 |
|
2007 |
|
2006 |
|
2005 |
|
% |
|
% |
|
% |
|
% |
|
% |
Ratios of earnings to combined fixed charges and preference share dividends:38 |
|
|
|
|
|
|
|
|
|
- excluding interest on deposits ...................................... |
2.64 |
|
2.97 |
|
6.96 |
|
7.22 |
|
9.16 |
- including interest on deposits ....................................... |
1.20 |
|
1.13 |
|
1.34 |
|
1.40 |
|
1.59 |
|
|
|
|
|
|
|
|
|
|
Ratios of earnings to combined fixed charges:38 |
|
|
|
|
|
|
|
|
|
- excluding interest on deposits ...................................... |
2.99 |
|
3.17 |
|
7.52 |
|
7.93 |
|
9.60 |
- including interest on deposits ....................................... |
1.22 |
|
1.14 |
|
1.34 |
|
1.41 |
|
1.59 |
For footnote, see page 149.