All federally regulated financial institutions in Canada with equity greater than $1 billion are required to produce annual public accountability statements for clients and other interested stakeholders, outlining the company’s contributions to the Canadian economy and society.

 
   
 
Declaration
In accordance with regulations, RBC Financial Group is publishing this statement describing the contribution to the Canadian economy and society of Royal Bank of Canada and our prescribed affiliates.

Reporting Period
RBC has included all content required in the Public Accountability Statement in this 2004 Corporate Responsibility Report and Public Accountability Statement, as indicated in the chart below, covering activities from our fiscal 2004 (November 1, 2003 – October 31, 2004).

Affiliates
The information documented in this report captures activities from Royal Bank of Canada and its prescribed affiliates in Canada and is reported collectively under the brand name RBC Financial Group (RBC). Affiliates that are either finance entities or federally regulated financial institutions include RBC General Insurance Company, RBC Life Insurance Company, RBC Travel Insurance Company, Royal Bank Mortgage Corporation, The Royal Trust Company, Royal Trust Corporation of Canada, RBC Action Direct Inc. and RBC Dominion Securities Inc.