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1998 Annual Report Main Page
Balance Sheet
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Consolidated Balance Sheet
Consolidated Balance Sheet
  As at October 31 ($ millions) 1998 1997
  ASSETS
   
  Cash Resources    
  Cash and deposits with Bank of Canada $ 2,360 $ 1,058
  Deposits with other banks 20,540 17,116
  

    22,900 18,174
  

  Securities (Note 3)    
  Issued or guaranteed by:    
      Canada 7,650 8,782
      Provinces and municipalities 2,073 1,869
  Other securities 19,777 17,348
 

   29,500 27,999
  

     
  Assets purchased under resale agreements 11,189 8,520
 

     
  Loans (Note 4)    
  Residential mortgages 45,818 41,647
  Personal and credit cards 18,574 17,668
  Business and governments 74,901 57,904
 

  139,293 117,219
  

  Other    
  Customers’ liability under acceptances 8,888 7,575
  Land, buildings and equipment (Note 6) 1,759 1,716
  Other assets (Note 7) 20,059 13,950
  

    30,706 23,241
  

  $ 233,588 $ 195,153
  

     
  LIABILITIES AND SHAREHOLDERS' EQUITY
   
  Deposits (Note 8)    
  Personal $ 62,656 $ 59,239
  Business and governments 70,779 56,928
  Banks 32,925 22,808
 

  166,360 138,975
  

  Other    
  Cheques and other items in transit, net 304 340
  Acceptances 8,888 7,575
  Obligations related to assets sold
      under repurchase agreements
14,603 11,559
  Obligations related to securities sold short 3,121 3,739
  Other liabilities (Note 9) 23,843 18,263
  Non-controlling interest in subsidiaries 173 137
 

   50,932 41,613
  

     
  Subordinated debentures (Note 10) 5,482 5,167
 

     
  Shareholders’ equity    
  Capital stock (Note 11)    
      Preferred shares 1,775 1,468
      Common shares 2,625 2,567
  Retained earnings 6,414 5,363
  

  10,814 9,398
  

  $ 233,588 $ 195,153
  

     
Peter C. Godsoe
Chairman of the Board and
Chief Executive Officer

Bruce R. Birmingham
President

     
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