Overview
Messages
Performance compared to objectives
Client First initiative
Serving our clients
Frequently asked questions
First for our stakeholders
Financial review
Other information
 
Management's discussion and analysis Consolidated statement of changes in shareholders' equity
Management's responsibility for financial reporting Consolidated statement of cash flows
Auditors' report Notes to the consolidated financial statements
Consolidated balance sheet Consolidated financial statements and notes
Consolidated statement of income Supplemenatry information
Consolidated balance sheet Microsoft Excel
As at October 31 (C$ millions) 2004 2003
Assets
Cash and due from banks $ 4,758 $ 2,887
Interest-bearing deposits with banks 5,220 3,126
Securities
Trading account (pledged – $14,850 and $11,791) 89,322 87,532
Investment account 38,923 41,074
Loan substitute 701 325
128,946 128,931
Assets purchased under reverse repurchase agreements 34,862 36,289
Loans
Residential mortgage 84,170 78,817
Personal 36,848 32,186
Credit card 6,456 4,816
Business and government 60,713 56,630
188,187 172,449
Allowance for loan losses (1,644 ) (2,055 )
186,543 170,394
Other
Customers' liability under acceptances 6,184 5,943
Derivative-related amounts 38,891 35,612
Premises and equipment 1,756 1,670
Goodwill 4,369 4,587
Other intangibles 523 580
Other assets 17,144 13,014
68,867 61,406
$ 429,196 $ 403,033
Liabilities and shareholders' equity
Deposits
Personal $ 113,009 $ 106,709
Business and government 132,070 129,860
Bank 25,880 22,576
270,959 259,145
Other
Acceptances 6,184 5,943
Obligations related to securities sold short 25,005 22,855
Obligations related to assets sold under repurchase agreements 21,705 23,735
Derivative-related amounts 42,201 37,775
Insurance claims and policy benefit liabilities 6,838 5,256
Other liabilities 27,575 21,318
129,508 116,882
Subordinated debentures 8,116 6,243
Non-controlling interest in subsidiaries 2,409 2,388
Shareholders' equity
Preferred shares 832 832
Common shares (shares issued and outstanding – 644,747,812 and 656,021,122) 6,988 7,018
Additional paid-in capital 169 85
Retained earnings 12,065 11,333
Treasury stock (shares held – 4,862,782 and nil) (294 )
Foreign currency translation adjustments (1,556 ) (893 )
18,204 18,375
$ 429,196 $ 403,033
     

Gordon M. Nixon
President and Chief Executive Officer

Robert B. Peterson
Director

 

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