Deposits and Subordinated Debt

9 Months Ended

Jul. 31, 2026

Disclosure of Deposits and Subordinated Debt [Abstract]

Note 4: Deposits and Subordinated Debt

Deposits


	Payable on demand
			Non-interest		Payable		Payable on a
(Canadian $ in millions)	Interest bearing		bearing		after notice (1)		fixed date (2) (3)		July 31, 2026		October 31, 2025
Amortized cost deposits by:
Banks (4)	$	4,313	$	1,924	$	1,316	$	27,309	$	34,862	$	27,621
Business and government (5)	82,965		44,683		229,298		265,379		622,325		585,497
Individuals (5)	4,073		39,414		156,479		96,002		295,968		306,922
Total amortized cost deposits	91,351		86,021		387,093		388,690		953,155		920,040
Deposits at FVTPL	–		–		–		64,679		64,679		56,162
Total (6)	$	91,351	$	86,021	$	387,093	$	453,369	$	1,017,834	$	976,202
Booked in:
Canada	$	75,730	$	73,850	$	176,883	$	315,587	$	642,050	$	620,858
United States	15,514		12,171		206,070		77,626		311,381		305,472
Other countries	107		–		4,140		60,156		64,403		49,872
Total	$	91,351	$	86,021	$	387,093	$	453,369	$	1,017,834	$	976,202

(1)Includes $45,438 million of non-interest bearing deposits as at July 31, 2026 ($43,766 million as at October 31, 2025).

(2)Includes $73,838 million of senior unsecured debt as at July 31, 2026 subject to the Bank Recapitalization (Bail-In) regime ($62,843 million as at October 31, 2025). The Bail-In regime provides certain statutory powers to the Canada Deposit Insurance Corporation, including the ability to convert specified eligible shares and liabilities into common shares if the bank becomes non-viable.

(3)Deposits totalling $26,570 million as at July 31, 2026 ($27,819 million as at October 31, 2025) can be redeemed early, either fully or partially, by customers without penalty. These are classified as payable on a fixed date, based on their remaining contractual maturities.

(4)Includes regulated and central banks.

(5)The carrying value of deposits that are part of fair value hedging relationships are adjusted for related gains (losses) on hedge contracts.

(6)Includes $535,463 million of deposits denominated in U.S. dollars as at July 31, 2026 ($508,058 million as at October 31, 2025), and $69,542 million of deposits denominated in other foreign currencies ($59,697 million as at October 31, 2025).

The following table presents deposits payable on a fixed date and greater than one hundred thousand dollars:


(Canadian $ in millions)	Canada		United States		Other		Total
As at July 31, 2026	$	273,963	$	70,995	$	60,156	$	405,114
As at October 31, 2025	259,670		69,206		47,386		376,262

The following table presents the maturity schedule for deposits payable on a fixed date greater than one hundred thousand dollars, which are booked in Canada:


(Canadian $ in millions)	Less than 3 months		3 to 6 months		6 to 12 months		Over 12 months		Total
As at July 31, 2026	$	51,867	$	37,203	$	53,520	$	131,373	$	273,963
As at October 31, 2025	51,591		32,105		56,129		119,845		259,670

Subordinated Debt

On July 22, 2026, we redeemed all of our $1,000 million 1.928% Series K Medium-Term Notes (NVCC) First Tranche, at a redemption price of 100% of the principal amount plus accrued and unpaid interest to, but excluding, the redemption date.

On December 15, 2025, $25 million of the $150 million Subordinated Debentures Series 20 matured. $25 million will mature on December 15 every three years starting 2025 with the final maturity in 2040.