TD Bank 2001 Annual Report Download - page 54

Download and view the complete annual report

Please find page 54 of the 2001 TD Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 88

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88

52
FINANCIAL RESULTS
(millions of dollars) 2001 2000
Demand Notice Term Total Total
Personal $ 16,278 $ 30,190 $ 49,514 $ 95,982 $ 92,488
Banks 1,845 41 21,287 23,173 25,324
Business and government 11,843 11,023 51,893 74,759 67,996
Total $ 29,966 $ 41,254 $ 122,694 $ 193,914 $ 185,808
Non-interest-bearing deposits included above
In domestic offices $ 3,875 $ 2,952
In foreign offices 10 –
Interest-bearing deposits included above
In domestic offices 122,806 122,575
In foreign offices 65,668 57,947
U.S. federal funds purchased 1,555 2,334
Total $ 193,914 $ 185,808
The notes and debentures are direct unsecured obligations of the
Bank or its subsidiaries and are subordinated in right of payment
to the claims of
depositors and certain other creditors of the Bank
or its subsidiaries. Where
appropriate, the Bank has entered into
interest rate
options, interest rate swaps and currency swaps to
modify the related interest rate and foreign currency risks.
NOTE 6 Deposits
NOTE 7 Subordinated notes and debentures
(millions of dollars)
Redeemable7Foreign
Interest Maturity by issuer currency Outstanding October 31
rate (%) date beginning amount 2001 2000
Various1Jan. 2001 to Oct. 2001 – $– $22
Various2Jan. 2002 to Oct. 2002 – 29 27
Various3Dec. 2002 to Aug. 2004 – 13 4
Floating rate4Oct. 2002 – US$150 million 238 228
Floating rate5Aug. 2003 – US$75 million 119 228
Floating rate6Oct. 2003 – 100 100
8.00 Dec. 2003 July 1998 150 150
5.60 Sept. 2006 Sept. 2001 –400
6.45 Oct. 2006 Oct. 2001 –350
6.50 Jan. 2007 Jan. 2002 US$300 million 477 457
6.75 Mar. 2007 Mar. 2002 US$200 million 318 305
5.65 Sept. 2007 Sept. 2002 25 25
6.50 Aug. 2008 – US$150 million 238 228
6.15 Oct. 2008 – US$150 million 238 228
6.13 Nov. 2008 – US$100 million 159 153
6.45 Jan. 2009 – US$150 million 238 228
6.60 Apr. 2010 – 750 750
8.40 Dec. 2010 Dec. 2005 150 150
6.00 July 2011 – 800 –
6.55 July 2012 – 500 500
10.05 Aug. 2014 – 150 150
9.15 May 2025 – 200 200
$ 4,892 $ 4,883
1Interest is payable at various rates, from .13% to 5.00%.
2Interest is payable at various rates, from .13% to 3.10%.
3Interest is payable at various rates, from .70% to 2.85%.
4Interest at six-month U.S. dollar LIBOR less .13%, subject to minimum
and maximum rates of 5% and 10% respectively.
5Interest at three-month U.S. dollar LIBOR, subject to a minimum of 4.10%.
6Interest at three-month customers’ liability under acceptance rate less .30%,
subject to minimum and maximum rates of 6.50% and 9% respectively.
7Subject to prior approval of the Superintendent of Financial Institutions
Canada.