content_image/45053.jpg content_image/45057.jpg
<img src='content_image/45053.jpg'>

Results for 2001 include a one-time cumulative charge of $39 million ($24 million after tax) resulting from a prescribed change, applicable to all companies, in the accounting for retained interests in securitized assets. 

TE = Taxable Equivalent, N/A = Not Applicable 

## ADDITIONAL CONSUMER BANKING DATA 

<img src='content_image/45057.jpg'>

In 2002, the increase in net income reflected the $24 million cumulative after-tax effect of the 2001 change in accounting for retained interests in securitized assets. Also contributing to the improvement was a $14 million, or 3%, increase in noninterest income, a $43 million, or 3%, reduction in noninterest expense and a $2 million decrease in the 

provision for loan losses. Most of the reduction in noninterest expense came from a decrease in goodwill amortization following the adoption in 2002 of a new accounting standard. These positive results were offset in part by a $45 million, or 2%, decline in taxable-equivalent net interest income. 

