TD Bank 2002 Annual Report Download - page 44

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Management’s Discussion and Analysis of Operating Performance
42
HOW WE PERFORMED IN 2002
TABLE 16 Assets under administration and assets under management
(millions of dollars) 2002 2001 2000
Assets under administration
TD Canada Trust
Retail custody and other $ 15,235 $ 16,754 $ 16,875
Loans securitized 14,716 18,256 21,373
Total TD Canada Trust 29,951 35,010 38,248
TD Wealth Management
TD Waterhouse retail brokerage – Canada 52,029 47,602 52,739
– United States and other international 141,400 151,721 189,195
193,429 199,323 241,934
TD Waterhouse investment advice and trust services 40,281 40,790 40,442
Total TD Wealth Management 233,710 240,113 282,376
Total assets under administration $ 263,661 $ 275,123 $ 320,624
Assets under management
TD Wealth Management $ 111,920 $ 119,467 $ 112,299
TABLE 17 Off-balance sheet lending-related commitments by remaining maturity
2002
Within 1 1 to 3 3 to 5 Over 5
(millions of dollars) year years years years Total
Credit instruments:
Guarantees and standby letters of credit $ 5,611 $ 2,279 $ 789 $ 88 $ 8,767
Documentary and commercial letters of credit 1,422 15 –60 1,497
Commitments to extend credit 54,974 6,187 4,640 1,768 67,569
$ 62,007 $ 8,481 $ 5,429 $ 1,916 $ 77,833
Contractual obligations relating to subordinated notes and debentures, and
operating lease commitments as at October 31, 2002 are disclosed by
remaining maturity in Note 8 and 16, respectively, of the Bank’s consoli-
dated financial statements on pages 56 and 69 of this annual report.
TABLE 15 Current replacement cost of derivatives
(millions of dollars)
Canada 1United States 1Other international1Total
By sector 2002 2001 2002 2001 2002 2001 2002 2001 2000
Financial $ 12,155 $ 10,485 $ 909 $ 1,212 $ 10,317 $ 9,044 $ 23,381 $ 20,741 $ 13,082
Government 797 891 12252 313 1,050 1,206 668
Other 863 1,271 437 798 1,074 806 2,374 2,875 1,912
Current replacement cost $ 13,815 $ 12,647 $ 1,347 $ 2,012 $ 11,643 $ 10,163 $ 26,805 $ 24,822 $ 15,662
Less impact of master netting
agreements and collateral 18,176 15,779 7,847
$ 8,629 $ 9,043 $ 7,815
2002 2001
By location of ultimate risk (after impact of master netting agreements and collateral) 2002 2001 % mix % mix
Canada $ 2,035 $ 2,900 23.6 32.1
United States 2,037 2,200 23.6 24.3
Other international
United Kingdom 1,277 1,165 14.8 12.9
Europe – other 2,475 1,790 28.7 19.8
Australia and New Zealand 272 310 3.2 3.4
Japan 90 187 1.0 2.1
Asia – other 155 156 1.8 1.7
Latin America and Caribbean 123 115 1.4 1.3
Middle East and Africa 165 220 1.9 2.4
Total other international 4,557 3,943 52.8 43.6
Total current replacement cost $ 8,629 $ 9,043 100.0 100.0
1Based on geographic location of unit responsible for recording revenue.