TD Bank 2014 Annual Report Download - page 109

TD BANK GROUP ANNUAL REPORT 2014 MANAGEMENT’S DISCUSSION AND ANALYSIS 107
(millions of Canadian dollars) As at
October 31, 2014
Remaining terms to maturities2
Over 1 Over 3 Over 5 With no
Within year to years to years to Over 10 specific
1 year 3 years 5 years 10 years years maturity Total
Available-for-sale securities
Government and government-related securities
Canadian government debt
Federal
Fair value $ 2,220 $ 718 $ 4,694 $ 752 $ 20 $ – $ 8,404
Amortized cost 2,215 710 4,672 740 18 – 8,355
Yield 1.22% 1.79% 2.06% 2.04% 3.99% –% 1.82%
Provinces
Fair value 655 741 1,876 1,264 9 – 4,545
Amortized cost 651 737 1,859 1,263 8 – 4,518
Yield 1.56% 1.76% 2.08% 2.52% 4.44% –% 2.08%
U.S. federal government debt
Fair value 152 – – – – – 152
Amortized cost 152 – – – – – 152
Yield 0.12% –% –% –% –% –% 0.12%
U.S. states, municipalities and agencies
Fair value 1,490 1,047 441 2,567 6,433 – 11,978
Amortized cost 1,491 1,032 431 2,433 6,411 – 11,798
Yield 1.21% 1.90% 2.43% 2.75% 1.53% –% 1.81%
Other OECD government-guaranteed debt
Fair value 1,171 578 1,165 408 – – 3,322
Amortized cost 1,170 574 1,164 405 – – 3,313
Yield 1.10% 2.16% 1.80% 2.26% –% –% 1.67%
Canadian mortgage-backed securities
Fair value – 787 2,519 – – – 3,306
Amortized cost – 779 2,477 – – – 3,256
Yield –% 2.13% 2.28% –% –% –% 2.24%
Other debt securities
Asset-backed securities
Fair value 1,004 4,168 2,756 6,480 4,495 – 18,903
Amortized cost 1,003 4,157 2,753 6,445 4,473 – 18,831
Yield 1.20% 1.08% 0.73% 1.21% 1.00% –% 1.06%
Non-agency CMO
Fair value – – – – 1,722 – 1,722
Amortized cost – – – – 1,713 – 1,713
Yield –% –% –% –% 2.77% –% 2.77%
Corporate and other debt
Fair value 1,542 3,154 2,830 428 145 – 8,099
Amortized cost 1,530 3,107 2,812 417 142 – 8,008
Yield 2.66% 2.98% 2.72% 3.79% 5.41% –% 2.91%
Equity securities
Common shares
Fair value – – – – – 1,760 1,760
Amortized cost – – – – – 1,642 1,642
Yield –% –% –% –% –% 4.74% 4.74%
Preferred shares
Fair value – – – – – 171 171
Amortized cost – – – – – 153 153
Yield –% –% –% –% –% 1.26% 1.26%
Debt securities reclassified from trading
Fair value 112 236 31 203 64 – 646
Amortized cost 109 216 27 182 62 – 596
Yield 4.07% 3.93% 3.97% 5.61% 5.27% –% 4.61%
Total available-for-sale securities
Fair value $ 8,346 $ 11,429 $ 16,312 $ 12,102 $ 12,888 $ 1,931 $ 63,008
Amortized cost 8,321 11,312 16,195 11,885 12,827 1,795 62,335
Yield 1.51% 1.94% 1.98% 1.91% 1.58% 4.44% 1.89%
INVESTMENT PORTFOLIO – Securities Maturity Schedule1
TABLE 68
Unless otherwise indicated, all amounts are expressed in Canadian
dollars and have been primarily derived from the Bank’s annual
Consolidated Financial Statements, prepared in accordance with
IFRS as issued by the IASB.
ADDITIONAL FINANCIAL INFORMATION
1 Yields represent the weighted-average yield of each security owned at the end of
the period. The effective yield includes the contractual interest or stated dividend
rate and is adjusted for the amortization of premiums and discounts; the effect
of related hedging activities is excluded.
2 Represents contractual maturities. Actual maturities may differ due to prepayment
privileges in the applicable contract.