Consolidated Statement of Income   For the year ended October 31   ($ millions except per share amounts) 1998 1997 1996   INTEREST INCOME         Loans $ 10,269 $ 8,082 $ 7,881   Securities 1,815 1,636 1,757   Deposits with banks 1,007 770 740        13,091 10,488 10,378      INTEREST EXPENSE         Deposits   7,303 5,714 5,969   Subordinated debentures 354 260 214   Other 1,057 797 841      8,714 6,771 7,024      Net Interest Income 4,377 3,717 3,354   Provision for credit losses (Note 5) 595 35 380    Net interest income after provision for credit losses 3,782 3,682 2,974              OTHER INCOME         Deposit and payment services 619 531 499   Investment management and trust 310 250 230   Credit fees 472 395 333   Investment banking 798 847 689   Net gains on investment securities 322 403 129   Other 337 257 128      2,858 2,683 2,008      Net interest and other income 6,640 6,365 4,982              NON-INTEREST EXPENSE         Salaries 2,193 1,973 1,702   Pension contributions and other staff benefits 308 229 208   Premises and equipment, including depreciation 958 778 664   Other 987 829 663   Restructuring costs (Note 19) - 250 (20)      4,446 4,059 3,217      Income before the undernoted: 2,194 2,306 1,765       Provision for income taxes (Note 12) 762 758 665       Non-controlling interest in net income           of subsidiaries 38 34 31      Net income $ 1,394 $ 1,514 $ 1,069      Preferred dividends paid $ 97 $ 99 $ 113   Net income available to common shareholders $ 1,297 $ 1,415 $ 956              Average number of common shares   outstanding (000’s) (1) 490,914 478,972 468,716   Net income per common share(1) $ 2.64 $ 2.95 $ 2.04   Dividends per common share(1) $ 0.80 $ 0.74 $ 0.65         (1) Amounts have been retroactively adjusted to reflect the two-for-one stock split on February 12, 1998.