The following table provides details regardingthe Bank’s loans and acceptances as at April30, 2024 and October 31, 2023.

Loans and Acceptances

(millions of Canadian dollars)

As at

April 30, 2024

October 31, 2023

Residential mortgages

$

326,032

$

320,341

Consumer instalment and other personal

221,197

217,554

Credit card

39,421

38,660

Business and government

349,019

326,528

935,669

903,083

Customers’ liability under acceptances

4,183

17,569

Loans at FVOCI

(Note 4)

206

421

Total loansand acceptances

940,058

921,073

Total allowance for loan losses

7,545

7,136

Total loansand acceptances, net of allowance

$

932,513

$

913,937

Business and government loans (includingloans at FVOCI) and customers’ liabilityunder acceptances are grouped togetheras reflected below for presentation in

the “Loans and Acceptances by Risk Ratings”table.

The following table provides the gross carryingamounts of loans,acceptances and credit risk exposureson loan commitments and financial guaranteecontracts

by internal risk ratings for credit risk managementpurposes, presenting separately those thatare subject to Stage 1, Stage 2, and Stage3 allowances.

Loans and Acceptances by Risk Ratings

(millions of Canadian dollars)

As at

April 30, 2024

October 31, 2023

Stage 1

Stage 2

Stage 3

Total

Stage 1

Stage 2

Stage 3

Total

Residential mortgages

1,2,3

Low Risk

$

228,023

$

769

$

n/a

$

228,792

$

225,596

$

46

$

n/a

$

225,642

Normal Risk

69,156

13,473

n/a

82,629

70,423

11,324

n/a

81,747

Medium Risk

382

10,446

n/a

10,828

110

9,581

n/a

9,691

High Risk

4

3,096

308

3,408

10

2,573

325

2,908

Default

n/a

n/a

375

375

n/a

n/a

353

353

Total loans

297,565

27,784

683

326,032

296,139

23,524

678

320,341

Allowance for loan losses

129

214

60

403

154

192

57

403

Loans, net of allowance

297,436

27,570

623

325,629

295,985

23,332

621

319,938

Consumer instalment and other personal

4

Low Risk

98,382

2,637

n/a

101,019

100,102

2,278

n/a

102,380

Normal Risk

61,842

12,648

n/a

74,490

60,613

13,410

n/a

74,023

Medium Risk

26,283

6,376

n/a

32,659

24,705

5,816

n/a

30,521

High Risk

4,607

7,533

365

12,505

4,122

5,700

323

10,145

Default

n/a

n/a

524

524

n/a

n/a

485

485

Total loans

191,114

29,194

889

221,197

189,542

27,204

808

217,554

Allowance for loan losses

658

1,091

238

1,987

653

959

197

1,809

Loans, net of allowance

190,456

28,103

651

219,210

188,889

26,245

611

215,745

Credit card

Low Risk

6,320

16

n/a

6,336

6,499

12

n/a

6,511

Normal Risk

11,126

182

n/a

11,308

11,171

134

n/a

11,305

Medium Risk

12,736

1,126

n/a

13,862

12,311

1,163

n/a

13,474

High Risk

2,767

4,605

427

7,799

2,567

4,289

401

7,257

Default

n/a

n/a

116

116

n/a

n/a

113

113

Total loans

32,949

5,929

543

39,421

32,548

5,598

514

38,660

Allowance for loan losses

667

979

384

2,030

709

913

312

1,934

Loans, net of allowance

32,282

4,950

159

37,391

31,839

4,685

202

36,726

Business and government

1,2,3,5

Investment grade or Low/Normal Risk

163,179

112

n/a

163,291

159,477

101

n/a

159,578

Non-investment grade or Medium Risk

162,642

10,685

n/a

173,327

161,651

10,278

n/a

171,929

Watch and classified or High Risk

698

14,312

69

15,079

604

11,017

75

11,696

Default

n/a

n/a

1,711

1,711

n/a

n/a

1,315

1,315

Total loans and acceptances

326,519

25,109

1,780

353,408

321,732

21,396

1,390

344,518

Allowance for loan and acceptanceslosses

1,025

1,631

469

3,125

1,157

1,371

462

2,990

Loans and acceptances, net of allowance

325,494

23,478

1,311

350,283

320,575

20,025

928

341,528

Total loans and acceptances

6

848,147

88,016

3,895

940,058

839,961

77,722

3,390

921,073

Total allowance for loan losses

6,7

2,479

3,915

1,151

7,545

2,673

3,435

1,028

7,136

Total loans and acceptances, net of

allowance

6

$

845,668

$

84,101

$

2,744

$

932,513

$

837,288

$

74,287

$

2,362

$

913,937

Includes impaired loans with a balance of $

192

million (October 31, 2023 – $

271

million) which did not have a related allowance for loan losses as the realizable value of the collateral

exceeded the loan amount.

Excludes trading loans and non-trading loans at fair value through profit or loss (FVTPL) with a fair value of $

19

billion (October 31, 2023 – $

17

billion) and $

3

billion (October 31, 2023 –

$

3

billion), respectively.

Includes insured mortgages of $

73

billion (October 31, 2023 – $

74

billion).

4

Includes Canadian government-insured real estate personal loans of $

6

billion (October 31, 2023 – $

7

billion).

Includes loans guaranteed by government agencies of $

25

billion (October 31, 2023 – $

26

billion), which are primarily reported in Non-investment grade or a lower risk rating based on

the borrowers’ credit risk.

6

Stage 3 includes acquired credit-impaired (ACI) loans of

nil

(October 31, 2023 – $

91

million) and a related allowance for loan losses of

nil

(October 31, 2023 – $

6

million), which have

been included in the “Default”risk rating category as they were impaired at acquisition.

7

Includes allowance for loan losses related to loans that are measured at FVOCI of

nil

(October 31, 2023 –

nil

).

Loans and Acceptances by Risk Ratings

(Continued)

– Off-Balance Sheet Credit Instruments

1

(millions of Canadian dollars)

As at

April 30, 2024

October 31, 2023

Stage 1

Stage 2

Stage 3

Total

Stage 1

Stage 2

Stage 3

Total

Retail Exposures

2

Low Risk

$

256,848

$

1,397

$

n/a

$

258,245

$

254,231

$

1,093

$

n/a

$

255,324

Normal Risk

92,179

1,301

n/a

93,480

91,474

1,112

n/a

92,586

Medium Risk

19,866

1,235

n/a

21,101

19,774

1,079

n/a

20,853

High Risk

1,229

1,278

–

2,507

1,209

1,198

–

2,407

Default

n/a

n/a

–

–

n/a

n/a

–

–

Non-Retail Exposures

3

Investment grade

275,384

–

n/a

275,384

264,029

–

n/a

264,029

Non-investment grade

97,750

5,328

n/a

103,078

98,068

4,396

n/a

102,464

Watch and classified

305

4,533

–

4,838

218

4,158

–

4,376

Default

n/a

n/a

204

204

n/a

n/a

107

107

Total off-balance sheet credit

instruments

743,561

15,072

204

758,837

729,003

13,036

107

742,146

Allowance for off-balance sheet credit

instruments

423

568

11

1,002

476

565

8

1,049

Total off-balance sheet credit

instruments, net of allowance

$

743,138

$

14,504

$

193

$

757,835

$

728,527

$

12,471

$

99

$

741,097

Excludes mortgage commitments.

2

Includes $

373

billion (October 31, 2023 – $

369

billion) of personal lines of credit and credit card lines, which are unconditionally cancellable at the Bank’sdiscretion at any time.

3

Includes $

64

billion (October 31, 2023 – $

62

billion) of the undrawn component of uncommitted credit and liquidity facilities.

The following table provides details onthe Bank’s allowance for credit losses as at andfor the three and six months ended April 30,2024and April 30,2023,

including allowance for off-balance sheet instrumentsin the applicable categories.

Allowance for Credit Losses

(millions of Canadian dollars)

Foreign

Foreign

exchange,

exchange,

Balance at

Provision

Write-offs,

disposals,

Balance

Balance at

Provision

Write-offs,

disposals,

Balance

beginning

for credit

net of

and other

at end of

beginning

for credit

net of

and other

at end of

of period

losses

recoveries

adjustments

period

of period

losses

recoveries

adjustments

period

For the three months ended

April 30, 2024

April 30, 2023

Residential mortgages

$

410

$

(8)

$

(1)

$

2

$

403

$

330

$

4

$

(3)

$

3

$

334

Consumer instalment and other

personal

1,979

361

(288)

20

2,072

1,753

183

(181)

11

1,766

Credit card

2,577

423

(403)

47

2,644

2,407

327

(283)

29

2,480

Business and government

3,299

296

(207)

40

3,428

2,987

86

(57)

48

3,064

Total allowance for loan losses,

including off-balance sheet

instruments

8,265

1,072

(899)

109

8,547

7,477

600

(524)

91

7,644

Debt securities at amortized cost

2

–

–

–

2

1

–

–

1

2

Debt securities at FVOCI

1

(1)

–

1

1

1

(1)

–

1

1

Total allowance for credit

losses on debt securities

3

(1)

–

1

3

2

(1)

–

2

3

Total allowance for credit losses

$

8,268

$

1,071

$

(899)

$

110

$

8,550

$

7,479

$

599

$

(524)

$

93

$

7,647

Comprising:

Allowance for credit losses on

loans at amortized cost

$

7,265

$

7,545

$

6,492

$

6,644

Allowance for credit losses on

loans at FVOCI

–

–

–

–

Allowance for loan losses

7,265

7,545

6,492

6,644

Allowance for off-balance sheet

instruments

1,000

1,002

985

1,000

Allowance for credit losses on

debt securities

3

3

2

3

For the six months ended

April 30, 2024

April 30, 2023

Residential mortgages

$

403

$

–

$

(3)

$

3

$

403

$

323

$

16

$

(4)

$

(1)

$

334

Consumer instalment and other

personal

1,895

743

(563)

(3)

2,072

1,704

445

(377)

(6)

1,766

Credit card

2,577

853

(772)

(14)

2,644

2,352

664

(528)

(8)

2,480

Business and government

3,310

477

(320)

(39)

3,428

2,984

165

(88)

3

3,064

Total allowance for loan losses,

including off-balance sheet

instruments

8,185

2,073

(1,658)

(53)

8,547

7,363

1,290

(997)

(12)

7,644

Debt securities at amortized cost

2

–

–

–

2

1

–

–

1

2

Debt securities at FVOCI

2

(1)

–

–

1

2

(1)

–

–

1

Total allowance for credit

losses on debt securities

4

(1)

–

–

3

3

(1)

–

1

3

Total allowance for credit losses

$

8,189

$

2,072

$

(1,658)

$

(53)

$

8,550

$

7,366

$

1,289

$

(997)

$

(11)

$

7,647

Comprising:

Allowance for credit losses on

loans at amortized cost

$

7,136

$

7,545

$

6,432

$

6,644

Allowance for credit losses on

loans at FVOCI

–

–

–

–

Allowance for loan losses

7,136

7,545

6,432

6,644

Allowance for off-balance sheet

instruments

1,049

1,002

931

1,000

Allowance for credit losses on

debt securities

4

3

3

3

The following table provides details onthe Bank’s allowance for loan losses by stage asat and for the three months ended April 30,2024 and April 30, 2023.

Allowance for Loan Losses by Stage

(millions of Canadian dollars)

For the three months ended

April 30, 2024

April 30, 2023

Stage 1

Stage 2

Stage 3

1

Total

Stage 1

Stage 2

Stage 3

1

Total

Residential Mortgages

Balance at beginning of period

$

137

$

212

$

61

$

410

$

129

$

150

$

51

$

330

Provision for credit losses

Transfer to Stage 1

2

32

(32)

–

–

21

(21)

–

–

Transfer to Stage 2

(7)

13

(6)

–

(8)

12

(4)

–

Transfer to Stage 3

–

(8)

8

–

(1)

(3)

4

–

Net remeasurement due to transfers into stage

3

(8)

6

–

(2)

(4)

5

–

1

New originations or purchases

4

7

n/a

n/a

7

8

n/a

n/a

8

Net repayments

5

(1)

–

–

(1)

(1)

(1)

–

(2)

Derecognition of financial assets (excluding

disposals and write-offs)

6

(1)

(7)

(19)

(27)

(1)

(4)

(3)

(8)

Changes to risk, parameters, and models

7

(31)

29

17

15

(28)

30

3

5

Disposals

–

–

–

–

–

–

–

–

Write-offs

–

–

(2)

(2)

–

–

(3)

(3)

Recoveries

–

–

1

1

–

–

–

–

Foreign exchange and other adjustments

1

1

–

2

1

1

1

3

Balance at end of period

$

129

$

214

$

60

$

403

$

116

$

169

$

49

$

334

Consumer Instalment and Other Personal

Balance, including off-balance sheet instruments,

at beginning of period

$

664

$

1,090

$

225

$

1,979

$

675

$

916

$

162

$

1,753

Provision for credit losses

Transfer to Stage 1

2

142

(141)

(1)

–

136

(135)

(1)

–

Transfer to Stage 2

(58)

81

(23)

–

(48)

67

(19)

–

Transfer to Stage 3

(3)

(62)

65

–

(2)

(49)

51

–

Net remeasurement due to transfers into stage

3

(63)

71

2

10

(48)

49

3

4

New originations or purchases

4

87

n/a

n/a

87

99

n/a

n/a

99

Net repayments

5

(18)

(24)

(4)

(46)

(1)

(26)

(3)

(30)

Derecognition of financial assets (excluding

disposals and write-offs)

6

(16)

(26)

(16)

(58)

(17)

(23)

(8)

(48)

Changes to risk, parameters, and models

7

(55)

148

275

368

(124)

117

165

158

Disposals

–

–

–

–

–

–

–

–

Write-offs

–

–

(370)

(370)

–

–

(254)

(254)

Recoveries

–

–

82

82

–

–

73

73

Foreign exchange and other adjustments

8

9

3

20

5

5

1

11

Balance, including off-balance sheet instruments,

at end of period

688

1,146

238

2,072

675

921

170

1,766

Less: Allowance for off-balance sheet instruments

8

30

55

–

85

37

51

–

88

Balance at end of period

$

658

$

1,091

$

238

$

1,987

$

638

$

870

$

170

$

1,678

Credit Card

9

Balance, including off-balance sheet instruments,

at beginning of period

$

880

$

1,325

$

372

$

2,577

$

956

$

1,198

$

253

$

2,407

Provision for credit losses

Transfer to Stage 1

2

263

(255)

(8)

–

270

(264)

(6)

–

Transfer to Stage 2

(81)

101

(20)

–

(76)

90

(14)

–

Transfer to Stage 3

(5)

(239)

244

–

(5)

(179)

184

–

Net remeasurement due to transfers into stage

3

(118)

121

6

9

(127)

121

5

(1)

New originations or purchases

4

40

n/a

n/a

40

46

n/a

n/a

46

Net repayments

5

(8)

1

18

11

34

(6)

15

43

Derecognition of financial assets (excluding

disposals and write-offs)

6

(10)

(18)

(88)

(116)

(10)

(23)

(65)

(98)

Changes to risk, parameters, and models

7

(61)

286

254

479

(135)

284

188

337

Disposals

–

–

–

–

–

–

–

–

Write-offs

–

–

(486)

(486)

–

–

(357)

(357)

Recoveries

–

–

83

83

–

–

74

74

Foreign exchange and other adjustments

15

23

9

47

11

14

4

29

Balance, including off-balance sheet instruments,

at end of period

915

1,345

384

2,644

964

1,235

281

2,480

Less: Allowance for off-balance sheet instruments

8

248

366

–

614

278

361

–

639

Balance at end of period

$

667

$

979

$

384

$

2,030

$

686

$

874

$

281

$

1,841

Includes allowance for loan losses related to ACI loans.

2

Transfers represent stage transfer movements prior to ECL remeasurement.

3

Represents the mechanical remeasurement between twelve-month (i.e., Stage 1) and lifetime ECLs (i.e., Stage 2or 3) due to stage transfers necessitated by credit risk migration, as

described in the “Significant Increase in Credit Risk” section of Note 2 and Note 3 of the Bank’s 2023Annual Consolidated Financial Statements, holding all other factors impacting the

change in ECLs constant.

4

Represents the increase in the allowance resulting from loans that were newly originated, purchased, or renewed.

5

Represents the changes in the allowance related to cash flow changes associated with new draws or repaymentson loans outstanding.

6

Represents the decrease in the allowance resulting from loans that were fully repaid and excludes the decreaseassociated with loans that were disposed or fully written off.

7

Represents the changes in the allowance related to current period changes in risk (e.g.,PD) caused by changes to macroeconomic factors, level of risk, parameters,and/or models,

subsequent to stage migration. Refer to the “Measurement of Expected Credit Losses”, “Forward-Looking Information”and “Expert Credit Judgment”sections of Note 2 and Note 3 of the

Bank’s 2023 Annual Consolidated Financial Statements for further details.

8

The allowance for loan losses for off-balance sheet instruments is recorded in Other liabilities on the InterimConsolidated Balance Sheet.

9

Credit cards are considered impaired and migrate to Stage 3 when they are 90 days past due and written offat 180 days past due. Refer to Note 2 of the Bank’s 2023 Annual

Consolidated Financial Statements for further details.

Allowance for Loan Losses by Stage

(Continued)

(millions of Canadian dollars)

For the three months ended

April 30, 2024

April 30, 2023

Stage 1

Stage 2

Stage 3

1

Total

Stage 1

Stage 2

Stage 3

1

Total

Business and Government

2

Balance, including off-balance sheet instruments,

at beginning of period

$

1,139

$

1,631

$

529

$

3,299

$

1,265

$

1,356

$

366

$

2,987

Provision for credit losses

Transfer to Stage 1

3

52

(52)

–

–

122

(122)

–

–

Transfer to Stage 2

(166)

170

(4)

–

(124)

127

(3)

–

Transfer to Stage 3

(2)

(80)

82

–

(4)

(18)

22

–

Net remeasurement due to transfers into stage

3

(18)

51

1

34

(36)

27

–

(9)

New originations or purchases

3

297

n/a

n/a

297

265

n/a

n/a

265

Net repayments

3

9

(11)

(3)

(5)

28

(18)

(19)

(9)

Derecognition of financial assets (excluding

disposals and write-offs)

3

(161)

(155)

(100)

(416)

(163)

(121)

(106)

(390)

Changes to risk, parameters, and models

3

2

194

190

386

(125)

192

162

229

Disposals

–

–

–

–

–

–

–

–

Write-offs

–

–

(222)

(222)

–

–

(65)

(65)

Recoveries

–

–

15

15

–

–

8

8

Foreign exchange and other adjustments

18

30

(8)

40

33

18

(3)

48

Balance, including off-balance sheet instruments,

at end of period

1,170

1,778

480

3,428

1,261

1,441

362

3,064

Less: Allowance for off-balance sheet instruments

4

145

147

11

303

150

120

3

273

Balance at end of period

1,025

1,631

469

3,125

1,111

1,321

359

2,791

Total Allowance, includingoff-balance sheet

instruments, at end of period

2,902

4,483

1,162

8,547

3,016

3,766

862

7,644

Less: Total Allowance foroff-balance sheet

instruments

4

423

568

11

1,002

465

532

3

1,000

Total Allowance for Loan Lossesat end of period

$

2,479

$

3,915

$

1,151

$

7,545

$

2,551

$

3,234

$

859

$

6,644

Includes allowance for loan losses related to ACI loans.

2

Includes allowance for loan losses related to customers’ liability under acceptances.

3

For explanations regarding this line item, refer to the “Allowance for Loan Losses by Stage” table on the previouspage in this Note.

4

The allowance for loan losses for off-balance sheet instruments is recorded in Other liabilities on the InterimConsolidated Balance Sheet.

The numbers represent average values for the quoted periods, and average of year-on-year growth for real GDP and home prices.

2

The average home price is the average transacted sale price of homes sold via the Multiple Listing Service; data is collected by the Canadian Real Estate Association.

3

The CoreLogic home price index (HPI) is a repeat-sales index which tracks increases and decreases in the same home’s sales price over time.

Incremental Lifetime ECLs Impact

(millions of Canadian dollars)

As at

April 30, 2024

October 31, 2023

Probability-weighted ECLs

$

7,385

$

7,149

All performing loans and off-balance sheet instrumentsusing 12-month ECLs

5,403

5,295

Incremental lifetime ECLs impact

$

1,982

$

1,854

The following table summarizes loans thatare past

due but not impaired.Loans less than 31 days contractually pastdue are excluded as they do not generallyreflect a borrower’s ability to meettheir payment

obligations.

Loans Past Due but not Impaired

1

(millions of Canadian dollars)

As at

April 30, 2024

October 31, 2023

31-60

61-89

31-60

61-89

days

days

Total

days

days

Total

Residential mortgages

$

284

$

97

$

381

$

286

$

81

$

367

Consumer instalment and other personal

862

330

1,192

870

287

1,157

Credit card

337

245

582

359

242

601

Business and government

234

121

355

264

103

367

Total

$

1,717

$

793

$

2,510

$

1,779

$

713

$

2,492

Includes loans that are measured at FVOCI.

The following table presents the base ECLscenario compared to the probability-weightedECLs, with the latter derived fromthree ECL scenarios for performing

loans and off-balance sheet instruments. The differencereflects the impact of deriving multiplescenarios around the base ECLs and resultantchange in ECLs due

to non-linearity and sensitivity to usingmacroeconomic forecasts.

Change from Base to Probability-WeightedECLs

(millions of Canadian dollars, exceptas noted)

As at

April 30, 2024

October 31, 2023

Probability-weighted ECLs

$

7,385

$

7,149

Base ECLs

6,849

6,658

Difference – in amount

$

536

$

491

Difference – in percentage

7.8

%

7.4

%

The following table shows the estimatedimpact of staging on ECLs by presentingall performing loans and off-balance sheet instrumentscalculated using

twelve-month ECLs compared to the currentaggregate probability-weighted ECLs, holdingall risk profiles constant.

The following table provides details onthe Bank’s allowance for loan losses by stage asat and for the six months ended April 30,2024 and April 30, 2023.

Allowance for Loan Losses by Stage

(millions of Canadian dollars)

For the six months ended

April 30, 2024

April 30, 2023

Stage 1

Stage 2

Stage 3

1

Total

Stage 1

Stage 2

Stage 3

1

Total

Residential Mortgages

Balance at beginning of period

$

154

$

192

$

57

$

403

$

127

$

140

$

56

$

323

Provision for credit losses

Transfer to Stage 1

2

68

(65)

(3)

–

56

(55)

(1)

–

Transfer to Stage 2

(17)

28

(11)

–

(14)

23

(9)

–

Transfer to Stage 3

–

(17)

17

–

(1)

(8)

9

–

Net remeasurement due to transfers into stage

3

(14)

13

–

(1)

(11)

11

–

–

New originations or purchases

4

15

n/a

n/a

15

16

n/a

n/a

16

Net repayments

5

(2)

–

–

(2)

(2)

(2)

–

(4)

Derecognition of financial assets (excluding

disposals and write-offs)

6

(3)

(12)

(23)

(38)

(2)

(8)

(6)

(16)

Changes to risk, parameters, and models

7

(71)

74

23

26

(52)

68

4

20

Disposals

–

–

–

–

–

–

–

–

Write-offs

–

–

(4)

(4)

–

–

(5)

(5)

Recoveries

–

–

1

1

–

–

1

1

Foreign exchange and other adjustments

(1)

1

3

3

(1)

–

–

(1)

Balance at end of period

$

129

$

214

$

60

$

403

$

116

$

169

$

49

$

334

Consumer Instalment and Other Personal

Balance, including off-balance sheet instruments,

at beginning of period

$

688

$

1,010

$

197

$

1,895

$

654

$

896

$

154

$

1,704

Provision for credit losses

Transfer to Stage 1

2

273

(271)

(2)

–

306

(303)

(3)

–

Transfer to Stage 2

(130)

172

(42)

–

(100)

137

(37)

–

Transfer to Stage 3

(6)

(122)

128

–

(4)

(95)

99

–

Net remeasurement due to transfers into stage

3

(117)

157

4

44

(101)

103

5

7

New originations or purchases

4

176

n/a

n/a

176

198

n/a

n/a

198

Net repayments

5

(36)

(45)

(7)

(88)

(23)

(44)

(6)

(73)

Derecognition of financial assets (excluding

disposals and write-offs)

6

(33)

(46)

(26)

(105)

(35)

(47)

(17)

(99)

Changes to risk, parameters, and models

7

(126)

294

548

716

(218)

277

353

412

Disposals

–

–

–

–

–

–

–

–

Write-offs

–

–

(717)

(717)

–

–

(520)

(520)

Recoveries

–

–

154

154

–

–

143

143

Foreign exchange and other adjustments

(1)

(3)

1

(3)

(2)

(3)

(1)

(6)

Balance, including off-balance sheet instruments,

at end of period

688

1,146

238

2,072

675

921

170

1,766

Less: Allowance for off-balance sheet instruments

8

30

55

–

85

37

51

–

88

Balance at end of period

$

658

$

1,091

$

238

$

1,987

$

638

$

870

$

170

$

1,678

Credit Card

9

Balance, including off-balance sheet instruments,

at beginning of period

$

988

$

1,277

$

312

$

2,577

$

954

$

1,191

$

207

$

2,352

Provision for credit losses

Transfer to Stage 1

2

509

(494)

(15)

–

569

(558)

(11)

–

Transfer to Stage 2

(176)

212

(36)

–

(162)

188

(26)

–

Transfer to Stage 3

(11)

(462)

473

–

(10)

(343)

353

–

Net remeasurement due to transfers into stage

3

(226)

260

13

47

(266)

248

10

(8)

New originations or purchases

4

79

n/a

n/a

79

97

n/a

n/a

97

Net repayments

5

14

6

35

55

62

1

28

91

Derecognition of financial assets (excluding

disposals and write-offs)

6

(20)

(34)

(172)

(226)

(22)

(41)

(111)

(174)

Changes to risk, parameters, and models

7

(236)

586

548

898

(255)

554

359

658

Disposals

–

–

–

–

–

–

–

–

Write-offs

–

–

(930)

(930)

–

–

(671)

(671)

Recoveries

–

–

158

158

–

–

143

143

Foreign exchange and other adjustments

(6)

(6)

(2)

(14)

(3)

(5)

–

(8)

Balance, including off-balance sheet instruments,

at end of period

915

1,345

384

2,644

964

1,235

281

2,480

Less: Allowance for off-balance sheet instruments

8

248

366

–

614

278

361

–

639

Balance at end of period

$

667

$

979

$

384

$

2,030

$

686

$

874

$

281

$

1,841

Includes allowance for loan losses related to ACI loans.

2

Transfers represent stage transfer movements prior to ECL remeasurement.

3

Represents the mechanical remeasurement between twelve-month (i.e., Stage 1) and lifetime ECLs (i.e., Stage 2or 3) due to stage transfers necessitated by credit risk migration, as

described in the “Significant Increase in Credit Risk” section of Note 2 and Note 3 of the Bank’s 2023Annual Consolidated Financial Statements, holding all other factors impacting the

change in ECLs constant.

4

Represents the increase in the allowance resulting from loans that were newly originated, purchased, or renewed.

5

Represents the changes in the allowance related to cash flow changes associated with new draws or repaymentson loans outstanding.

6

Represents the decrease in the allowance resulting from loans that were fully repaid and excludes the decreaseassociated with loans that were disposed or fully written off.

7

Represents the changes in the allowance related to current period changes in risk (e.g.,PD) caused by changes to macroeconomic factors, level of risk, parameters,and/or models,

subsequent to stage migration. Refer to the “Measurement of Expected Credit Losses”, “Forward-Looking Information”and “Expert Credit Judgment”sections of Note 2 and Note 3 of the

Bank’s 2023 Annual Consolidated Financial Statements for further details.

8

The allowance for loan losses for off-balance sheet instruments is recorded in Other liabilities on the InterimConsolidated Balance Sheet.

9

Credit cards are considered impaired and migrate to Stage 3 when they are 90 days past due and written offat 180 days past due. Refer to Note 2 of the Bank’s 2023 Annual

Consolidated Financial Statements for further details.

Allowance for Loan Losses by Stage

(Continued)

(millions of Canadian dollars)

For the six months ended

April 30, 2024

April 30, 2023

Stage 1

Stage 2

Stage 3

1

Total

Stage 1

Stage 2

Stage 3

1

Total

Business and Government

2

Balance, including off-balance sheet instruments,

at beginning of period

$

1,319

$

1,521

$

470

$

3,310

$

1,220

$

1,417

$

347

$

2,984

Provision for credit losses

Transfer to Stage 1

3

114

(114)

–

–

222

(220)

(2)

–

Transfer to Stage 2

(283)

290

(7)

–

(283)

289

(6)

–

Transfer to Stage 3

(16)

(135)

151

–

(9)

(39)

48

–

Net remeasurement due to transfers into stage

3

(39)

93

5

59

(64)

51

–

(13)

New originations or purchases

3

568

n/a

n/a

568

597

n/a

n/a

597

Net repayments

3

17

(19)

(29)

(31)

32

(39)

(43)

(50)

Derecognition of financial assets (excluding

disposals and write-offs)

3

(333)

(254)

(145)

(732)

(351)

(272)

(239)

(862)

Changes to risk, parameters, and models

3

(160)

396

377

613

(116)

256

353

493

Disposals

–

–

–

–

–

–

–

–

Write-offs

–

–

(346)

(346)

–

–

(108)

(108)

Recoveries

–

–

26

26

–

–

20

20

Foreign exchange and other adjustments

(17)

–

(22)

(39)

13

(2)

(8)

3

Balance, including off-balance sheet instruments,

at end of period

1,170

1,778

480

3,428

1,261

1,441

362

3,064

Less: Allowance for off-balance sheet instruments

4

145

147

11

303

150

120

3

273

Balance at end of period

1,025

1,631

469

3,125

1,111

1,321

359

2,791

Total Allowance, includingoff-balance sheet

instruments, at end of period

2,902

4,483

1,162

8,547

3,016

3,766

862

7,644

Less: Total Allowance foroff-balance sheet

instruments

4

423

568

11

1,002

465

532

3

1,000

Total Allowance for Loan Lossesat end of period

$

2,479

$

3,915

$

1,151

$

7,545

$

2,551

$

3,234

$

859

$

6,644

Includes allowance for loan losses related to ACI loans.

2

Includes allowance for loan losses related to customers’ liability under acceptances.

3

For explanations regarding this line item, refer to the “Allowance for Loan Losses by Stage” table on the previouspage in this Note.

4

The allowance for loan losses for off-balance sheet instruments is recorded in Other liabilities on the InterimConsolidated Balance Sheet.