XML 26 R14.htm IDEA: XBRL DOCUMENT v3.22.1
Investment securities
 6 Months Ended
Apr. 30, 2022
Text Block [Abstract]  
Investment securities
6.
Investment securities
The following table presents the carrying amounts of the Bank’s investment securities per measurement category.

  
  
As at
 
($ millions)
  
April 30
2022
 
  
January 31
2022
 
  
October 31
2021
 
Debt investment securities measured at FVOCI
   
$
78,343
 
    $ 59,249      $ 52,611  
Debt investment securities measured at amortized cost
   
 
16,699
 
      17,576        18,157  
Equity investment securities designated at FVOCI
   
 
3,797
 
      3,542        3,178  
Equity investment securities measured at FVTPL
   
 
1,576
 
      1,301        1,223  
Debt investment securities measured at FVTPL
   
 
72
 
      31        30  
Total investment securities
   
$
 
100,487
 
    $   81,699      $   75,199  
(a) Debt investment securities measured at fair value through other comprehensive income (FVOCI)
 
As at April 30, 2022 ($ millions)
   
Cost
     
Gross
unrealized
gains
     
Gross
unrealized
losses
     
Fair value
  
Canadian federal government issued or guaranteed debt
   
$
9,913
 
   
$
3
 
   
$
205
 
   
$
9,711
 
Canadian provincial and municipal debt
   
 
5,494
 
   
 
2
 
   
 
295
 
   
 
5,201
 
U.S. treasury and other U.S. agency debt
   
 
36,576
 
   
 
17
 
   
 
1,059
 
   
 
35,534
 
Other foreign government debt
   
 
27,329
 
   
 
31
 
   
 
911
 
   
 
26,449
 
Other debt
   
 
1,477
 
   
 
1
 
   
 
30
 
   
 
1,448
 
Total
   
$
80,789
 
   
$
54
 
   
$
2,500
 
   
$
78,343
 
         
As at January 31, 2022 ($ millions)
    Cost      Gross
unrealized
gains		      Gross
unrealized
losses		      Fair value  
Canadian federal government issued or guaranteed debt
    $ 8,355      $ 93      $ 44      $ 8,404  
Canadian provincial and municipal debt
      5,428        7        92        5,343  
U.S. treasury and other U.S. agency debt
      16,264        115        216        16,163  
Other foreign government debt
      28,667        48        565        28,150  
Other debt
      1,189        5        5        1,189  
Total
    $ 59,903      $ 268      $ 922      $ 59,249  
         
As at October 31, 2021 ($ millions)
    Cost      Gross
unrealized
gains		      Gross
unrealized
losses		      Fair value  
Canadian federal government issued or guaranteed debt
    $ 5,694      $ 135      $ 25      $ 5,804  
Canadian provincial and municipal debt
      5,202        12        59        5,155  
U.S. treasury and other U.S. agency debt
      13,528        188        79        13,637  
Other foreign government debt
      27,126        60        515        26,671  
Other debt
      1,339        9        4        1,344  
Total
    $   52,889      $   404      $   682      $   52,611  
 
(b) Debt investment securities measured at amortized cost

 
  
  
As at
 
  
  
April 30, 2022
 
  
January 31, 2022
 
  
October 31, 2021
 
($ millions)
  
Fair value
 
  
Carrying
value
 
  
Fair value
 
  
Carrying
value
 
  
Fair value
 
  
Carrying
value
 
Canadian federal and provincial government issued or guaranteed debt
   
$
10,437
 
   
$
10,713
 
    $ 11,674      $ 11,770      $ 12,310      $ 12,372  
U.S. treasury and other U.S. agency debt
   
 
4,536
 
   
 
4,863
 
      4,651        4,694        4,712        4,687  
Other foreign government debt
   
 
1,013
 
   
 
1,013
 
      996        986        970        960  
Corporate debt
   
 
121
 
   
 
110
 
      132        126        141        138  
Total
   
$
  16,107
 
   
$
  16,699
 
    $   17,453      $   17,576      $   18,133      $   18,157  
(c) Equity investment securities designated at fair value through other comprehensive income (FVOCI)
The Bank has designated certain instruments at FVOCI shown in the following table as these equity securities are held for strategic purposes.
 
As at April 30, 2022 ($ millions)
   
Cost
     
Gross
unrealized
gains
     
Gross
unrealized
losses
     
Fair value
  
Preferred equity instruments
   
$
–
 
   
$
–
 
   
$
–
 
   
$
–
 
Common shares
   
 
3,209
 
   
 
676
 
   
 
88
 
   
 
3,797
 
Total
   
$
3,209
 
   
$
676
 
   
$
88
 
   
$
3,797
 
         
As at January 31, 2022 ($ millions)
    Cost      Gross
unrealized
gains		      Gross
unrealized
losses		      Fair value  
Preferred equity instruments
    $ 36      $ 5      $ 5      $ 36  
Common shares
      2,909        653        56        3,506  
Total
    $ 2,945      $ 658      $ 61      $ 3,542  
         
As at October 31, 2021 ($ millions)
    Cost      Gross
unrealized
gains		      Gross
unrealized
losses		      Fair value  
Preferred equity instruments
    $ 27      $ 4      $ 3      $ 28  
Common shares
      2,710        528        88        3,150  
Total
    $   2,737      $   532      $   91      $   3,178  
Dividend income earned on equity securities designated at FVOCI of $42 million for the three months ended April 30, 2022 (January 31, 2022 – $38 million; April 30, 2021 – $26 million) and for the six months ended April 30, 2022 – $80 million (April 30, 2021 – $52 million) has been recognized in interest income.
During the three months ended April 30, 2022, the Bank has disposed of certain equity securities designated at FVOCI with a fair value of $196 million (January 31, 2022 – $381 million; April 30, 2021 – $523 million) and for the six months ended April 30, 2022 – $577 million (April 30, 2021 – $704 million). This has resulted in a realized gain of $43 million in the three months ended April 30, 2022 (January 31, 2022 – $36 million; April 30, 2021 – $72 million) and for the six months ended a realized gain of $79 million (April 30, 2021 – $111 million).