The Toronto-Dominion Bank – U.S. Resolution Plan
Public Section
I. Summary of Resolution Plan
A. Resolution Plan Requirements
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I. SUMMARY of RESOLUTION PLAN
A. Resolution Plan Requirements
This Public Section provides a summary of the Resolution Plan (the “Plan”) developed by The Toronto-
Dominion Bank ("TD" or "Parent") covering the Core Business Lines (“CBLs”) and Material Entities (“MEs”) of
its U.S.-based material operations (the “U.S. Operations”), in accordance with the rules and guidance
described below. The Resolution Planning Rule (the “Joint Rule”) was jointly promulgated in 2011 as
Regulation QQ by the Board of Governors of the Federal Reserve System (“FRB”) and as Part 381 by the
Federal Deposit Insurance Corporation (“FDIC”), in each case implementing the resolution plan requirements
of Title I, Section 165(d) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”).
The Joint Rule requires that each bank holding company (“BHC”) with USD 50 billion or more in total
consolidated assets (each, a “Covered Company”), such as the Parent, develop a resolution plan that describes
the strategy for its orderly resolution. The Joint Rule sets forth the specific requirements for resolution
planning. Covered Companies that are foreign banking organizations
such as TD are required to periodically
submit resolution plans to the FRB and the FDIC for their U.S.-based operations and entities. Such Resolution
Plans demonstrate how the MEs and CBLs can be resolved in a rapid and orderly manner and in a way that
mitigates risks to financial stability, in the event that the Covered Company faces material financial distress
and fails.
TD initially filed its Plan with both the FDIC and FRB on December 31, 2013. Pursuant to the Rules, TD has
submitted periodic updates of its Plan to the FDIC and FRB including as of December 31, 2015 and will have
filed this Plan update on or before December 31, 2018. All financial and other data is presented as of October
31, 2017, unless otherwise noted.
Overview of The Toronto-Dominion Bank & its U.S. Operations
As of October 31, 2017, TD, together with its subsidiaries (collectively known as "TD Bank Group", or "TDBG"),
is the sixth largest bank in North America by branches. TD serves more than 25 million customers in three key
businesses operating in a number of locations in financial centers around the globe: Canadian Retail, including
TD Canada Trust, TD Auto Finance Canada, TD Wealth (Canada), TD Direct Investing, and TD Insurance; U.S.
Retail, including TD Bank, America’s Most Convenient Bank® ("TDBNA"), TD Auto Finance U.S., TD Wealth
(U.S.), and an investment in TD Ameritrade; and Wholesale Banking, including TD Securities. TD also ranks
among the world’s leading online financial services firms, with approximately 11.5 million active online and
mobile customers. TD had $1.3 trillion (Canadian) in assets on October 31, 2017. The Toronto-Dominion Bank
trades under the symbol “TD” on the Toronto and New York Stock Exchanges.
1. Canadian Retail: Canadian Retail provides a full range of financial products and services to over 15 million
customers in the Canadian personal and commercial banking, wealth, and insurance businesses.
2. Wholesale Banking: Operating under the brand name TD Securities, Wholesale Banking offers a wide
range of capital markets and , corporate, and investment banking services, to corporate, government, and
institutional clients in key global financial centers.
“Foreign banking organization” is defined as any foreign bank or company that is a BHC or is treated as a BHC under Section 8(a) of the
International Banking Act of 1978.