TD Bank 2014 Annual Report Download - page 160

TD BANK GROUP ANNUAL REPORT 2014 FINANCIAL RESULTS158
In the following table, unrealized losses for available-for-sale securities
are categorized as “12 months or longer” if for each of the consecutive
twelve months preceding October 31, 2014, and October 31, 2013, the
fair value of the securities was less than the amortized cost. If not, they
have been categorized as “Less than 12 months”.
Unrealized Loss Positions for Available-for-Sale Securities1
(millions of Canadian dollars) As at
October 31, 2014
Less than 12 months 12 months or longer Total
Gross Gross Gross
Fair unrealized Fair unrealized Fair unrealized
value losses value losses value losses
Available-for-sale securities
Government and government-related securities
Canadian government debt
Federal $ 954 $ 1 $ – $ – $ 954 $ 1
Provinces 1,166 2 – – 1,166 2
U.S. federal, state and municipal governments, and agencies debt 1,932 11 1,033 17 2,965 28
Other OECD government-guaranteed debt – – 135 2 135 2
Mortgage-backed securities
Residential – – – – – –
4,052 14 1,168 19 5,220 33
Other debt securities
Asset-backed securities 3,616 6 698 6 4,314 12
Corporate and other debt 2,316 14 153 12 2,469 26
5,932 20 851 18 6,783 38
Equity securities
Common shares 32 13 – – 32 13
Preferred shares – – – – – –
32 13 – – 32 13
Debt securities reclassified from trading – – 59 5 59 5
Total $ 10,016 $ 47 $ 2,078 $ 42 $ 12,094 $ 89
October 31, 2013
Available-for-sale securities
Government and government-related securities
Canadian government debt
Federal $ 3,430 $ 4 $ – $ – $ 3,430 $ 4
Provinces 377 1 70 1 447 2
U.S. federal, state and municipal governments, and agencies debt 2,978 50 706 14 3,684 64
Other OECD government-guaranteed debt 1,622 6 312 1 1,934 7
Mortgage-backed securities
Residential 875 3 – – 875 3
9,282 64 1,088 16 10,370 80
Other debt securities
Asset-backed securities 8,465 44 648 24 9,113 68
Corporate and other debt 1,622 11 346 13 1,968 24
10,087 55 994 37 11,081 92
Equity securities
Common shares 59 14 22 14 81 28
Preferred shares 115 1 – – 115 1
174 15 22 14 196 29
Debt securities reclassified from trading – – 85 16 85 16
Total $ 19,543 $ 134 $ 2,189 $ 83 $ 21,732 $ 217
1
Certain comparative amounts have been restated to conform with the presentation
adopted in the current period.
Net Securities Gains (Losses)
(millions of Canadian dollars) For the years ended October 31
2014 2013 2012
Net realized gains (losses)
Available-for-sale securities $ 183 $ 312 $ 423
Impairment losses
Available-for-sale securities1 (10) (8) (50)
Total $ 173 $ 304 $ 373
1 None of the impairment losses for the years ended October 31, 2014, or 2013
related to debt securities in the reclassified portfolio as described in the
“Reclassification of Certain Debt Securities – Trading to Available-for-Sale”
section of the Note.