TD Bank 2003 Annual Report Download - page 49

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TD BANK FINANCIAL GROUP ANNUAL REPORT 2003 • Management’s Discussion and Analysis 47
Reported basis
(millions of dollars) 2003 2002 2001
Net interest income $ 889 $ 672 $ (43)
Other income 104 529 1,318
Total trading related income $ 993 $1,201 $1,275
By business
Interest rate and credit portfolios $ 580 $ 754 $ 678
Foreign exchange portfolios 248 217 247
Equity and other portfolios 165 230 350
Total trading related income $ 993 $1,201 $1,275
TABLE 6Trading related income1
Operating cash basis
(millions of dollars) 2003 2002 2001
Net interest income (TEB) $1,054 $ 824 $ 219
Other income 104 529 1,318
Total trading related income (TEB) $1,158 $1,353 $1,537
By business
Interest rate and credit portfolios $ 580 $ 746 $ 780
Foreign exchange portfolios 248 217 247
Equity and other portfolios 330 390 510
Total trading related income (TEB) $1,158 $1,353 $1,537
TABLE 5Other income
(millions of dollars) 2003 2002 2001 2000 1999
TD Waterhouse fees and commissions $ 957 $ 922 $1,002 $1,521 $ 979
Full service brokerage and other securities services 667 641 701 667 484
Mutual fund management 508 522 502 452 258
Credit fees 415 415 425 545 463
Net investment securities gains 23 26 216 382 1,080
Trading income 104 529 1,318 1,225 679
Service charges 641 596 561 441 289
Loan securitizations 250 218 272 236 94
Card services 252 249 249 233 190
Insurance, net of claims 420 375 326 198 65
Trust fees 70 76 86 75 23
Gains on sale of investment real estate ––350 ––
Gain on sale of mutual fund record keeping and custody business –40 –––
Gain on sale of TD Waterhouse Group, Inc. ––––1,122
Write down of investment in joint ventures (39) ––––
Other 156 320 439 425 206
Tota l $4,424 $4,929 $6,447 $6,400 $5,932
Percentage increase (decrease) over previous year (10.2)% (23.5)% .7% 7.9% 85.5%
1Trading related income includes both trading income reported in
other income and net interest income derived from trading instruments.