TD Bank 2014 Annual Report Download - page 111

TD BANK GROUP ANNUAL REPORT 2014 MANAGEMENT’S DISCUSSION AND ANALYSIS 109
(millions of Canadian dollars) As at
October 31, 2013
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 $ 5,041 $ 206 $ 2,979 $ 1,043 $ 60 $ – $ 9,329
Amortized cost 5,040 203 2,967 1,034 57 – 9,301
Yield 0.58% 1.56% 0.69% 0.94% 3.16% –% 0.69%
Provinces
Fair value 175 540 1,417 448 8 – 2,588
Amortized cost 174 536 1,408 443 8 – 2,569
Yield 0.66% 0.84% 1.27% 1.34% 4.44% –% 1.16%
U.S. federal government debt
Fair value 141 – – – – – 141
Amortized cost 141 – – – – – 141
Yield 0.14% –% –% –% –% –% 0.14%
U.S. states, municipalities and agencies
Fair value 36 1,769 2,117 5,545 5,568 – 15,035
Amortized cost 36 1,757 2,089 5,398 5,550 – 14,830
Yield 1.71% 1.48% 1.91% 2.34% 1.47% –% 1.85%
Other OECD government-guaranteed debt
Fair value 5,568 1,933 371 122 – – 7,994
Amortized cost 5,553 1,926 372 127 – – 7,978
Yield 1.27% 1.12% 1.65% 1.50% –% –% 1.25%
Canadian mortgage-backed securities
Fair value 22 922 1,866 – – – 2,810
Amortized cost 22 914 1,855 – – – 2,791
Yield 0.12% 2.13% 2.35% –% –% –% 2.26%
Other debt securities
Asset-backed securities
Fair value 1,813 3,229 4,776 10,464 9,038 – 29,320
Amortized cost 1,814 3,219 4,742 10,434 9,043 – 29,252
Yield 1.97% 1.03% 1.16% 0.75% 1.02% –% 1.01%
Non-agency CMO
Fair value – – – – 963 – 963
Amortized cost – – – – 948 – 948
Yield –% –% –% –% 1.75% –% 1.75%
Corporate and other debt
Fair value 2,161 3,819 2,127 394 152 – 8,653
Amortized cost 2,125 3,738 2,081 379 148 – 8,471
Yield 3.08% 3.03% 2.84% 4.79% 5.48% –% 3.12%
Equity securities
Common shares
Fair value – – – – – 1,640 1,640
Amortized cost – – – – – 1,560 1,560
Yield –% –% –% –% –% 3.69% 3.69%
Preferred shares
Fair value – – – – – 166 166
Amortized cost – – – – – 152 152
Yield –% –% –% –% –% 3.70% 3.70%
Debt securities reclassified from trading
Fair value 118 353 174 171 57 32 905
Amortized cost 115 313 146 161 64 36 835
Yield 7.91% 8.03% 8.12% 6.22% 5.22% 7.92% 7.46%
Total available-for-sale securities
Fair value $ 15,075 $ 12,771 $ 15,827 $ 18,187 $ 15,846 $ 1,838 $ 79,544
Amortized cost 15,020 12,606 15,660 17,976 15,818 1,748 78,828
Yield 1.41% 1.95% 1.62% 1.39% 1.29% 3.77% 1.56%
INVESTMENT PORTFOLIO – Securities Maturity Schedule (continued)1
TABLE 68
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.