Recovery and settlement of on-balance sheet assets and liabilities

12 Months Ended

Oct. 31, 2024

Recovery and settlement of on-balance sheet assets and liabilities

Note 30 Recovery and settlement of on-balance sheet assets and liabilities

The table below presents an analysis of assets and liabilities recorded on our Consolidated Balance Sheets by amounts to be recovered or settled within one year and after one year, as at the balance sheet date, based on contractual maturities and certain other assumptions outlined in the footnotes below. As warranted, we manage the liquidity risk of various products based on historical behavioural patterns that are often not aligned with contractual maturities. Amounts to be recovered or settled within one year, as presented below, may not be reflective of our long-term view of the liquidity profile of certain balance sheet categories.


	As at
	October 31, 2024							October 31, 2023 (Restated – Note 2)
(Millions of Canadian dollars)	Within one year		After one year		Total			Within one year		After one year		Total
Assets
Cash and due from banks (1)	$	55,003	$	1,720	$	56,723		$	59,793	$	2,196	$	61,989
Interest-bearing deposits with banks		66,020		–		66,020			71,086		–		71,086
Securities
Trading (2)		170,460		12,840		183,300			180,929		9,222		190,151
Investment, net of applicable allowance		45,418		211,200		256,618			33,363		186,216		219,579
Assets purchased under reverse repurchase agreements and securities borrowed		350,622		181		350,803			336,437		3,754		340,191
Loans
Retail		174,761		452,217		626,978			120,247		449,704		569,951
Wholesale		89,492		270,947		360,439			76,249		211,577		287,826
Allowance for loan losses						(6,037	)						(5,004	)
Other
Customers’ liability under acceptances		24		11		35			21,690		5		21,695
Derivatives (2)		148,605		2,007		150,612			140,261		2,189		142,450
Premises and equipment		156		6,696		6,852			65		6,684		6,749
Goodwill		–		19,286		19,286			–		12,594		12,594
Other intangibles		–		7,798		7,798			–		5,903		5,903
Other assets		69,263		22,892		92,155			61,346		20,025		81,371
	$	1,169,824	$	1,007,795	$	2,171,582		$	1,101,466	$	910,069	$	2,006,531
Liabilities
Deposits (3)	$	1,144,860	$	264,671	$	1,409,531		$	991,484	$	240,203	$	1,231,687
Other
Acceptances		24		11		35			21,740		5		21,745
Obligations related to securities sold short		32,824		2,462		35,286			32,602		1,049		33,651
Obligations related to assets sold under repurchase agreements and securities loaned		304,855		466		305,321			334,959		279		335,238
Derivatives (2)		158,622		5,141		163,763			131,352		11,277		142,629
Insurance contract liabilities (4)		459		21,772		22,231			395		18,631		19,026
Other liabilities		70,475		24,202		94,677			69,187		26,835		96,022
Subordinated debentures		–		13,546		13,546			–		11,386		11,386
	$	1,712,119	$	332,271	$	2,044,390			$ 1,581,719	$	309,665	$	1,891,384

(1)

Cash and due from banks are assumed to be recovered within one year, except for cash balances not available for use by the Bank

beyond one year

(2)

Trading securities classified as FVTPL and trading derivatives are presented as within one year as this best represents in most instances the short-term nature of our trading activities

, except for debt securities relating to the Insurance segment which are presented based on contractual maturity.

Trading securities designated as FVTPL are generally presented based on contractual maturity. Non-trading derivatives are presented according to the recovery or settlement of the hedging transaction.

(3)

Demand deposits of $

585

billion (October 31, 2023 – $511 billion) are presented as within one year due to their being repayable on demand or at short notice on a contractual basis. In practice, these deposits relate to a broad range of individuals and customer-types which form a stable base for our operations and liquidity needs.

(4)

The amounts reflect the estimated timing of when settlement of those amounts are expected to occur. The amounts payable on demand relating to policyholders’ cash and/or account values for insurance contract liabilities, including segregated fund insurance contract liabilities, is $8 billion (October 31, 2023 – $7 billion).