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On top of this solid base, we're providing additional products and services in collaboration with licensed financialinstitutions, which generates high incremental margins as these revenues are recorded on a net fee basis. And at the same time, we want to work on constructive relationships with licensed financialinstitutions.
Secondly, we had the best year we've probably ever had in treasury management as we see increases in the number of operating accounts that we are -- that we're originating and services we're providing to customers. The terminated swaps are in the amortization already. Dave Turner -- Chief Financial Officer Yeah.
First, we moved to a consistent measure of profitability of operating income across each segment of our business that excludes amortization of acquired intangible assets. And book value is a pretty darn good proxy for describing economic progress of insurance operation, a bank, a financialinstitution like that.
An expansion of the CPP would transfer these risks from individual workers to the government, which is much better placed to manage them, as it can pool risks across all Canadian workers and across generations of workers. The CPP is also fully portable, making it easier to change jobs.
This combination not only solidifies our position as the largest commercial bank headquartered in Greater Boston and a leading financialinstitution in New England but also allows us to deliver a broader suite of offerings to our customers, greater opportunities for our colleagues, and even stronger commitment to the communities we serve.
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