TD Bank 2014 Annual Report Download - page 113

TD BANK GROUP ANNUAL REPORT 2014 MANAGEMENT’S DISCUSSION AND ANALYSIS 111
(millions of Canadian dollars) As at
October 31, 2012
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 $ 9,943 $ 122 $ 132 $ 630 $ 28 $ – $ 10,855
Amortized cost 9,942 119 123 610 24 – 10,818
Yield 1.06% 2.42% 3.21% 2.34% 3.82% –% 1.18%
Provinces
Fair value 2,178 97 54 165 9 – 2,503
Amortized cost 2,177 93 50 157 8 – 2,485
Yield 1.17% 3.47% 3.62% 3.34% 4.44% –% 1.45%
U.S. federal government debt
Fair value 241 – – – – – 241
Amortized cost 241 – – – – – 241
Yield 0.13% –% –% –% –% –% 0.13%
U.S. states, municipalities and agencies
Fair value 1,835 1,369 1,221 11,670 13,319 – 29,414
Amortized cost 1,833 1,338 1,168 11,188 13,053 – 28,580
Yield 0.49% 1.26% 1.82% 2.25% 2.00% –% 1.96%
Other OECD government-guaranteed debt
Fair value 2,479 11,379 3,323 29 – – 17,210
Amortized cost 2,433 11,193 3,203 27 – – 16,856
Yield 2.86% 1.55% 1.73% 2.62% –% –% 1.77%
Canadian mortgage-backed securities
Fair value 61 31 1,050 – – – 1,142
Amortized cost 61 30 1,043 – – – 1,134
Yield 0.11% 0.10% 2.06% –% –% –% 1.91%
Other debt securities
Asset-backed securities
Fair value 1,031 4,152 5,718 7,305 6,839 – 25,045
Amortized cost 1,024 4,131 5,683 7,202 6,828 – 24,868
Yield 3.96% 1.54% 0.97% 1.20% 1.26% –% 1.34%
Non-agency CMO
Fair value – – – – 961 – 961
Amortized cost – – – – 939 – 939
Yield –% –% –% –% 1.88% –% 1.88%
Corporate and other debt
Fair value 670 4,781 1,782 456 169 – 7,858
Amortized cost 654 4,656 1,705 423 149 – 7,587
Yield 3.30% 2.93% 3.80% 5.28% 6.38% –% 3.35%
Equity securities
Common shares
Fair value – – – – – 1,851 1,851
Amortized cost – – – – – 1,749 1,749
Yield –% –% –% –% –% 2.67% 2.67%
Preferred shares
Fair value – – – – – 232 232
Amortized cost – – – – – 194 194
Yield –% –% –% –% –% 1.85% 1.85%
Debt securities reclassified from trading
Fair value 152 333 442 151 186 – 1,264
Amortized cost 147 301 378 124 215 – 1,165
Yield 7.85% 8.16% 7.51% 7.90% 5.86% –% 7.46%
Total available-for-sale securities
Fair value $ 18,590 $ 22,264 $ 13,722 $ 20,406 $ 21,511 $ 2,083 $ 98,576
Amortized cost 18,512 21,861 13,353 19,731 21,216 1,943 96,616
Yield 1.53% 1.93% 1.89% 1.98% 1.83% 2.59% 1.85%
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.