TD Bank 2006 Annual Report Download - page 89

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TD BANK FINANCIAL GROUP ANNUAL REPORT 2006 Financial Results 85
(millions of Canadian dollars) 2006 2005
Amounts payable to brokers, dealers and clients $ 6,748 $ 6,677
Accrued interest 1,980 1,867
Current income taxes payable 358 270
Accounts payable, accrued expenses and other items 3,168 3,470
Insurance-related liabilities 2,959 2,681
Accrued benefit liability 581 503
Accrued salaries and employee benefits 826 1,089
Cheques and other items in transit 841 1,988
Total $17,461 $18,545
(millions of Canadian dollars) 2006 2005
Amounts receivable from brokers, dealers and clients $ 5,458 $ 7,484
Accrued interest 1,458 1,199
Accounts receivable, prepaid expenses and other items 4,983 4,172
Insurance-related assets, excluding investments 962 1,014
Net future income tax asset 537 520
Prepaid pension expense 603 606
Total $14,001 $14,995
OTHER ASSETS
NOTE 9
OTHER LIABILITIES
NOTE 10
Deposits by Type
(millions of Canadian dollars) 2006 2005
Demand Notice Term Total Total
Personal $23,633 $55,991 $ 67,012 $146,636 $131,783
Banks 1,683 93 12,410 14,186 11,505
Business and government 18,788 27,251 54,046 100,085 103,693
Total1$44,104 $83,335 $133,468 $260,907 $246,981
Non-interest-bearing deposits included above
In domestic offices $6,217 $6,459
In foreign offices 4,328 3,067
Interest-bearing deposits included above
In domestic offices 166,084 162,640
In foreign offices 82,870 73,577
U.S. federal funds deposited 1,408 1,238
Total1$260,907 $246,981
1Included in deposit liabilities on the Consolidated Balance Sheet is $350 million
due to TD Capital Trust ll.
Term Deposits
(millions of Canadian dollars) 2006 2005
Within 1 to 2 2 to 3 3 to 4 4 to 5 Over 5
1year years years years years years Total Total
Personal $20,188 $26,327 $ 4,301 $1,334 $14,820 $ 42 $ 67,012 $58,742
Banks 11,798 228 203 1 32 148 12,410 8,787
Business and government 43,230 1,898 6,349 368 832 1,369 54,046 61,835
Total $75,216 $28,453 $10,853 $1,703 $15,684 $1,559 $133,468 $129,364
Subordinated 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. In
some cases, the Bank has entered into interest rate options, interest
rate swaps and currency swaps to modify the related interest rate
and foreign currency risks. Redemptions, cancellations, exchanges
and modifications of subordinated debentures are subject to the
consent and approval of the Superintendent of Financial Institutions
Canada.
Interest expense is recognized on the accrual basis.
SUBORDINATED NOTES AND DEBENTURES
NOTE 11