TD Bank 2009 Annual Report Download - page 142

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TD BANK FINANCIAL GROUP ANNUAL REPORT 2009 FINANCIAL RESULTS138
Gross Maximum Credit Risk Exposure
(millions of Canadian dollars) 2009 2008
Cash and due from banks $ 1,337 $ 1,543
Interest-bearing deposits with banks 19,103 15,429
Securities1
Trading
Government and government-insured securities 21,023 20,993
Other debt securities 9,331 15,281
Retained Interest 1,339 526
Available-for-sale2
Government and government-insured securities 47,953 44,579
Other debt securities 34,973 27,241
Held-to-maturity2
Government and government-insured securities 9,024 6,622
Other debt securities 638 2,885
Securities purchased under reverse repurchase agreements 32,948 42,425
Loans
Residential mortgages 65,613 57,563
Consumer instalment and other personal loans 93,867 79,217
Credit card loans 7,853 7,115
Business and government loans 74,971 75,729
Debt securities classified as loans210,824 –
Customers’ liability under acceptances 9,946 11,040
Derivatives384,000 123,601
Other assets 9,439 12,758
Total assets 534,182 544,547
Credit instruments475,044 80,735
Unconditionally cancellable commitments to extend credit relating
to personal lines of credit and credit card lines 112,354 109,986
Total credit exposure $ 721,580 $ 735,268
The following table presents the maximum exposure to credit risk of
financial instruments, before taking account of any collateral held or
other credit enhancements.
1Excludes equity securities.
2As a result of the 2009 Amendments to CICA Handbook Section 3855, certain
available-for-sale and held-to-maturity securities were reclassified to loans, as
described in Note 1a).
3The gross maximum credit exposure for derivatives is based on the credit
equivalent amount. See Note 8.
4The balance represents the maximum amount of additional funds that the Bank
could be obligated to extend should the contracts be fully utilized. The actual
maximum exposure may differ from the amount reported above. See Note 32.