TD Bank 2014 Annual Report Download - page 182

TD BANK GROUP ANNUAL REPORT 2014 FINANCIAL RESULTS180
DEPOSITS
NOTE 17
Demand deposits are those for which the Bank does not have the right
to require notice prior to withdrawal. These deposits are in general
chequing accounts.
Notice deposits are those for which the Bank can legally require notice
prior to withdrawal. These deposits are in general savings accounts.
Term deposits are those payable on a fixed date of maturity purchased
by customers to earn interest over a fixed period. The terms are from
one day to ten years. Accrued interest on deposits, calculated using
the EIRM, is included in Other liabilities on the Consolidated Balance
Sheet. The deposits are generally term deposits, guaranteed invest-
ment certificates, senior debt, and similar instruments. The aggregate
amount of term deposits in denominations of $100,000 or more as at
October 31, 2014, was $188 billion (October 31, 2013 – $158 billion).
Certain deposit liabilities are classified as Trading deposits on the
Consolidated Balance Sheet and accounted for at fair value with
the change in fair value recognized on the Consolidated Statement
of Income.
Deposits by Type
(millions of Canadian dollars) As at
October 31 October 31
2014
2013
Demand Notice Term Total Total
Personal $ 11,908 $ 279,072 $ 52,260 $ 343,240 $ 319,468
Banks1 3,242 7 12,522 15,771 17,149
Business and government2 52,182 89,973 99,550 241,705 204,988
Designated at fair value through profit or loss3 – – 3,242 3,242 –
Trading1 – – 59,334 59,334 50,967
Total $ 67,332 $ 369,052 $ 226,908 $ 663,292 $ 592,572
Non-interest-bearing deposits included above
In domestic offices $ 5,739 $ 4,738
In foreign offices 36,962 31,558
Interest-bearing deposits included above
In domestic offices 340,993 306,631
In foreign offices 278,121 247,887
U.S. federal funds deposited1 1,477 1,758
Total2,4 $ 663,292 $ 592,572
1
Includes deposits with the Federal Home Loan Bank.
2
As at October 31, 2014, includes $17 billion in Deposits on the Consolidated
Balance Sheet relating to covered bondholders (October 31, 2013 – $10 billion)
and $2 billion (October 31, 2013 – $2 billion) due to Trust IV. Refer to Note 37
for further details on a covered bond issuance by the Bank subsequent to
October 31, 2014.
3
Included in Other financial liabilities designated at fair value through profit or
loss on the Consolidated Balance Sheet.
4
As at October 31, 2014, includes deposits of $370 billion (October 31, 2013 –
$320 billion) denominated in U.S. dollars and $21 billion (October 31, 2013 –
$16 billion) denominated in other foreign currencies.
Deposits by Country
(millions of Canadian dollars) As at
October 31 October 31
2014
2013
Canada United States International Total Total
Personal $ 177,681 $ 164,142 $ 1,417 $ 343,240 $ 319,468
Banks 6,284 2,408 7,079 15,771 17,149
Business and government 157,464 80,801 3,440 241,705 204,988
Designated at fair value through profit or loss1 3,242 – – 3,242 –
Trading 2,061 51,866 5,407 59,334 50,967
Total $ 346,732 $ 299,217 $ 17,343 $ 663,292 $ 592,572
1
Included in Other financial liabilities designated at fair value through profit
or loss on the Consolidated Balance Sheet.
Term Deposits
(millions of Canadian dollars) As at
October 31 October 31
2014
2013
Over Over Over Over
Within 1 year to 2 years to 3 years to 4 years to Over
1 year 2 years 3 years 4 years 5 years 5 years Total Total
Personal $ 29,399 $ 9,431 $ 6,834 $ 2,893 $ 3,533 $ 170 $ 52,260 $ 58,005
Banks 12,502 3 1 2 3 11 12,522 13,181
Business and government 49,188 17,332 9,719 7,938 8,669 6,704 99,550 78,690
Designated at fair value through profit or loss1 1,849 1,218 175 – – – 3,242 –
Trading 57,655 171 202 312 461 533 59,334 50,967
Total $ 150,593 $ 28,155 $ 16,931 $ 11,145 $ 12,666 $ 7,418 $ 226,908 $ 200,843
1
Included in Other financial liabilities designated at fair value through profit
or loss on the Consolidated Balance Sheet.