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 Supplementary 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 5,236 3,092
Securities
Trading account (pledged – $14,850 and $11,791) 87,635 86,719
Available for sale 39,861 41,619
127,496 128,338
Assets purchased under reverse repurchase agreements 34,862 36,289
Loans
Residential mortgage 84,172 78,819
Personal 36,848 32,186
Credit card 6,456 4,816
Business and government 61,678 56,726
189,154 172,547
Allowance for loan losses (1,644 ) (2,055 )
187,510 170,492
Other
Customers' liability under acceptances 6,184 5,943
Derivative-related amounts 40,081 36,640
Premises and equipment 1,731 1,655
Goodwill 4,416 4,633
Other intangibles 523 580
Reinsurance recoverables 1,701 3,321
Separate account assets 120 224
Other assets 33,064 18,497
87,820 71,493
$ 447,682 $ 412,591
Liabilities and shareholders' equity
Deposits
Canada
Non-interest-bearing $ 28,273 $ 24,388
Interest-bearing 141,177 130,135
International
Non-interest-bearing 3,169 3,183
Interest-bearing 98,956 102,812
271,575 260,518
Other
Acceptances 6,184 5,943
Obligations related to securities sold short 23,815 22,743
Obligations related to assets sold under repurchase agreements 21,705 23,735
Derivative-related amounts 42,870 38,427
Insurance claims and policy benefit liabilities 9,352 8,630
Separate account liabilities 120 224
Other liabilities 43,640 26,199
147,686 125,901
Subordinated debentures 8,522 6,581
Non-controlling interest in subsidiaries 1,524 1,474
Shareholders' equity
Preferred shares 813 813
Common shares (shares issued and outstanding – 644,747,812 and 656,021,122) 6,966 6,999
Additional paid-in capital 229 88
Retained earnings 12,347 11,591
Treasury stock (shares held – 5,815,487 and nil) (348 )
Accumulated other comprehensive income (loss) (1,632 ) (1,374 )
18,375 18,117
$ 447,682 $ 412,591
     

Gordon M. Nixon
President and Chief Executive officer

Robert B. Peterson
Director

 

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