T ABLE 7
(millions of Canadian dollars, except as noted) Interest-earning assets
Interest-bearing deposits with Banks Canada U.S.
Securities Trading Canada U.S.
Non-trading Canada U.S.
Securities purchased under reverse repurchase agreements Canada U.S.
Loans
Residential mortgages4 Canada U.S.
Consumer instalment and other personal Canada U.S.
Credit card Canada U.S.
Business and government4 Canada U.S.
International
Total interest-earning assets Interest-bearing liabilities
Deposits Personal Canada U.S.
Banks5
Canada U.S.
Business and government5,6 Canada U.S.
Subordinated notes and debentures
Obligations related to securities sold short and under repurchase agreements Canada U.S.
Securitization liabilities7
Other liabilities Canada U.S.
International5 Total interest-bearing liabilities
Total net interest income on average earning assets
1 Net interest income includes dividends on securities. 2
3
11,601 6,514
213,965 148,621 8,769
45,098 47,654 32,027
4,225 35
45,579
55 47
2,100 1,185 395
412 346 452
82 4
367 $ 964,544 $ 6,637 $ 990,983 $ 19,923
Geographic classification of assets and liabilities is based on the domicile of the booking point of assets and liabilities.
Interest income includes loan fees earned by the Bank, which are recognized in net interest income over the life of the loan through the effective interest rate method. 4 Includes average trading loans of $11 billion (2015 – $10 billion, 2014 – $10 billion).
0.47 0.72
0.98 0.80 4.50
0.91 0.73 1.41
1.94
11.43 0.81
197,925 27,331
97,881 40,471
18,414 12,598
71,869
105,929 77,001
4,726 1,029
4,604 1,285
2,223 1,999
1,929 3,348 767
$ 990,983 $ 26,560
2.39 3.76
4.70 3.18
12.07 15.87
2.68 3.16 1.00
188,048 26,336
93,943 35,609
18,096 8,778
62,879 85,553 77,467
4,924 984
4,600 1,144
2,235 1,450
1,759 2,730 800
2.68% $ 913,804 $ 24,830
2.62 3.74
4.90 3.21
12.35 16.52
2.80 3.19 1.03
178,128 22,677
90,512 29,272
17,984 7,200
55,048 64,343 69,494
5,212 858
4,499 1,058
2,245 1,287
1,808 2,308 767
2.72% $ 807,953 $ 23,928
2.93 3.78
4.97 3.61
12.48 17.88
3.28 3.59 1.10
2.96%
$ 6,716 $ 38,658
45,102 22,605
41,531 112,147
42,981 31,824
16 187
1,187 401
614 1,802
254 189
0.24% $ 4,738 $ 0.48
40,684
2.63 1.77
1.48 1.61
0.59 0.59
50,234 23,790
31,639 90,552
39,384 36,074
15 107
1,297 454
479 1,525
249 78
0.32% $ 3,692 $ 0.26
27,179
2.58 1.91
1.51 1.68
0.63 0.22
55,383 18,424
23,169 76,245
33,691 35,512
17 72
1,367 333
377 1,370
288 62
0.46% 0.26
2.47 1.81
1.63 1.80
0.85 0.17
NET INTEREST INCOME ON AVERAGE EARNING BALANCES1,2 2016
Average balance
Interest3
Average rate
Average balance
Interest3
2015
Average rate
Average balance
Interest3
2014
Average rate
$ 193,643 $ 206,813
974 218
0.50% $ 181,101 $ 1,158 0.11
178,287 8,907
11,764
180,596 154,578 7,953
46,340 47,835 34,968
4,889 33
35,693
218 34
32
1,796 909 390
450 186 593
79 4
257 0.69% $ 892,944 $ 6,106
2.01% $ 913,804 $ 18,724 5
6 7
0.64% $ 172,897 $ 1,394 0.12
0.38 0.27
0.99 0.59 4.90
0.97 0.39 1.70
1.62
12.06 0.72
147,025 5,898
7,682
145,233 125,375 7,964
47,360 42,962 41,745
5,652 29
32,673
197 18
16
1,540 1,065 412
535 122 777
88 1
179 0.68% $ 782,495 $ 6,344 2.05% $ 807,953 $ 17,584
Includes average trading deposits with a fair value of $77 billion (2015 – $71 billion, 2014 – $58 billion).
Includes marketing fees incurred on the TD Ameritrade Insured Deposit Accounts (IDA) of $1,235 million (2015 – $1,051 million, 2014 – $895 million).
Includes average securitization liabilities at fair value of $12 billion (2015 – $11 billion, 2014 – $16 billion) and average securitization liabilities at amortized cost of $20 billion (2015 – $24 billion, 2014 – $26 billion).
0.81% 0.13
0.31 0.21
1.06 0.85 5.17
1.13 0.28 1.86
1.56 3.45 0.55
0.81% 2.18%
TD BANK GROUP ANNUAL REPORT 2016 MANAGEMENT’S DISCUSSION AND ANALYSIS
17
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