TD Bank 2014 Annual Report Download - page 99

TD BANK GROUP ANNUAL REPORT 2014 MANAGEMENT’S DISCUSSION AND ANALYSIS 97
(millions of Canadian dollars) As at
October 31, 2013
Less than 1 to 3 3 to 6 6 to 9 9 months Over 1 to Over 2 to Over No Specific
1 month months months months to 1 year 2 years 5 years 5 years Maturity Total
Assets
Cash and due from banks $ 3,581 $ – $ – $ – $ – $ – $ – $ – $ – $ 3,581
Interest-bearing deposits with banks 22,539 402 350 214 138 – – – 4,940 28,583
Trading loans, securities, and other2 2,087 4,113 2,844 2,919 3,185 7,089 18,528 12,028 49,147 101,940
Derivatives 5,658 2,588 1,887 1,543 1,379 6,801 14,832 14,773 – 49,461
Financial assets designated at fair value
through profit or loss 180 636 539 911 739 2,132 527 693 175 6,532
Available-for-sale securities 3,470 4,284 4,373 1,097 1,851 5,873 22,725 34,033 1,838 79,544
Held-to-maturity securities 293 831 862 548 412 2,825 11,804 12,386 – 29,961
Securities purchased under reverse
repurchase agreements 33,159 16,337 7,290 5,171 2,013 260 53 – – 64,283
Loans
Residential mortgages 1,194 1,842 4,552 7,725 6,219 31,175 108,098 25,015 – 185,820
Consumer instalment and other personal 1,014 1,376 2,147 2,375 2,700 10,460 28,099 8,895 62,126 119,192
Credit card – – – – – – – – 22,222 22,222
Business and government 17,832 3,886 3,340 4,382 3,090 8,059 31,745 32,682 11,783 116,799
Debt securities classified as loans – – 635 41 – 307 893 1,868 – 3,744
Total loans 20,040 7,104 10,674 14,523 12,009 50,001 168,835 68,460 96,131 447,777
Allowance for loan losses – – – – – – – – (2,855) (2,855)
Loans, net of allowance for loan losses 20,040 7,104 10,674 14,523 12,009 50,001 168,835 68,460 93,276 444,922
Customers’ liability under acceptances 4,927 1,381 91 – – – – – – 6,399
Investment in TD Ameritrade – – – – – – – – 5,300 5,300
Goodwill3 – – – – – – – – 13,293 13,293
Other intangibles3 – – – – – – – – 2,493 2,493
Land, buildings, equipment, and other
depreciable assets3 – – – – – – – – 4,635 4,635
Deferred tax assets – – – – – – – – 1,800 1,800
Amounts receivable from broker,
dealers, and clients 9,183 – – – – – – – – 9,183
Other assets 1,630 317 179 55 754 186 224 39 6,727 10,111
Total assets $ 106,747 $ 37,993 $ 29,089 $ 26,981 $ 22,480 $ 75,167 $ 237,528 $ 142,412 $ 183,624 $ 862,021
Liabilities
Trading deposits $ 9,991 $ 14,000 $ 18,430 $ 5,562 $ 1,609 $ 156 $ 807 $ 412 $ – $ 50,967
Derivatives 5,430 2,719 2,425 1,938 1,627 6,868 13,648 14,816 – 49,471
Securitization liabilities at fair value 1,896 2,385 2,619 3,529 2,401 1,962 4,662 2,506 – 21,960
Other financial liabilities designated
at fair value through profit or loss 2 4 1 1 1 3 – – – 12
Deposits4,5
Personal 5,288 8,461 9,116 6,778 6,366 9,180 12,666 150 261,463 319,468
Banks 9,412 3,056 355 255 37 14 25 27 3,968 17,149
Business and government 22,931 13,167 4,058 2,825 3,181 8,824 21,844 1,860 126,298 204,988
Total deposits 37,631 24,684 13,529 9,858 9,584 18,018 34,535 2,037 391,729 541,605
Acceptances 4,927 1,381 91 – – – – – – 6,399
Obligations related to securities sold short2 689 605 1,481 156 777 2,603 9,649 8,526 17,343 41,829
Obligations related to securities sold under
repurchase agreements 27,990 4,201 775 679 682 73 14 – – 34,414
Securitization liabilities at amortized cost 40 517 730 578 1,428 3,482 15,794 3,023 – 25,592
Amounts payable to broker,
dealers, and clients 8,842 3 – – – – – – 37 8,882
Insurance-related liabilities 142 212 284 – 477 703 1,325 866 1,577 5,586
Other liabilities6 4,070 3,355 946 543 694 353 1,552 91 4,335 15,939
Subordinated notes and debentures – – – – 149 – – 7,833 – 7,982
Liability for capital trust securities – – – – – – – – – –
Equity – – – – – – – – 51,383 51,383
Total liabilities and equity $ 101,650 $ 54,066 $ 41,311 $ 22,844 $ 19,429 $ 34,221 $ 81,986 $ 40,110 $ 466,404 $ 862,021
Off-balance sheet commitments
Purchase obligations
Operating lease commitments $ 64 $ 129 $ 193 $ 192 $ 190 $ 732 $ 1,838 $ 2,918 $ – $ 6,256
Network service agreements 2 4 7 7 7 – – – – 27
Automated teller machines 9 20 28 45 46 78 44 – – 270
Contact center technology – – – – – – – – – –
Software licensing and
equipment maintenance 6 69 6 24 7 32 19 – – 163
Credit and liquidity commitments
Financial and performance standby
letters of credit 180 1,007 2,022 2,497 1,485 3,788 5,022 502 – 16,503
Documentary and commercial
letters of credit 41 66 36 14 24 3 15 1 – 200
Commitments to extend
credit and liquidity7,8 11,675 10,806 6,379 3,676 4,056 8,414 40,395 2,655 1,410 89,466
Non-consolidated SPE commitments
Commitments to liquidity facilities for ABCP – 561 226 237 187 4 765 – – 1,980
REMAINING CONTRACTUAL MATURITY (continued)1
TABLE 67
1 Certain comparative amounts have been reclassified to conform with the
presentation adopted in the current year.
2 Amount has been recorded according to the remaining contractual maturity
of the underlying security.
3 For the purposes of this table, non-financial assets have been recorded as having
‘no specific maturity’.
4 As the timing of demand deposits and notice deposits is non-specific and callable
by the depositor, obligations have been included as having ‘no specific maturity’.
5 Includes $10 billion of covered bonds with remaining contractual maturities of
$2 billion in ‘9 months to 1 year’, $2 billion in ‘over 1 to 2 years’ and $6 billion
in ‘over 2 to 5 years’.
6 Includes $103 million of capital lease commitments with remaining contractual
maturities of $3 million in ‘less than 1 month’ , $6 million in ‘1 month to
3 months’, $8 million in ‘3 months to 6 months’, $8 million in ‘6 months to
9 months’, $7 million in ‘9 months to 1 year’, $18 million in ‘over 1 to 2 years’
and $53 million in ‘over 2 to 5 years’.
7 Includes $82 million in commitments to extend credit to private equity investments.
8 Commitments to extend credit exclude personal lines of credit and credit card lines,
which are unconditionally cancellable at the Bank’s discretion at any time.