Derecognition of financial assets (Tables)

3 Months Ended

Jan. 31, 2025

Text Block [Abstract]

Summary of Carrying Amount of Transferred Assets Do Not Qualify for Derecognition and Associated Liabilities

The following table provides the carrying amount of transferred assets that do not qualify for derecognition and the associated liabilities:

	As at
($ millions)	January 31 2025(1)		October 31 2024(1)
Assets
Carrying value of residential mortgage loans	$	10,202	$	11,190
Other related assets(2)		6,747		7,202
Liabilities
Carrying value of associated liabilities	$	16,807	$	17,923

(1) The fair value of the transferred assets is $16,772 (October 31, 2024 – $18,092) and the fair value of the associated liabilities is $16,769 (October 31, 2024 – $17,692) for a net position of $3 (October 31, 2024 – $400).

(2) These include cash held in trust and trust permitted investment assets, including repurchase style transactions of mortgage-backed securities, acquired as part of the principal reinvestment account that the Bank is required to maintain in order to participate in the programs.

The following table provides the carrying amount of the transferred assets and the associated liabilities:

	As at
($ millions)	January 31 2025(1)		October 31 2024(1)
Carrying value of securities associated with:
Repurchase agreements(2)	$	163,805	$	174,334
Securities lending agreements		71,189		58,477
Total		234,994		232,811
Carrying value of associated liabilities(3)	$	182,259	$	190,449

(1) The fair value of transferred assets is $234,994 (October 31, 2024 – $232,811) and the fair value of the associated liabilities is $182,259 (October 31, 2024 – $190,449) for a net position of $52,735 (October 31, 2024 – $42,362).

(2) Does not include over-collateralization of assets pledged.

(3) Liabilities for securities lending arrangements only include amounts related to cash collateral received. In most cases, securities are received as collateral.