NEW YORK, Aug. 14 /PRNewswire-FirstCall/ -- TD Waterhouse reports the
following monthly activity for the period ended July 31, 2002:
* Total trades per day averaged 102,500. This is a 13% increase from
June 2002, and 20% higher than July 2001.
* Total customer assets were $124 billion as of July 31, 2002, down
5% from June 2002 and a 9% decrease from July 2001.
* New accounts opened totaled 34,000. This is a 22% increase from
June 2002 and 2% lower than July 2001.
* Margin loans were $3.0 billion at July 31, 2002, a 12% decrease from a
month earlier and a decrease of 30% from July 31, 2001.
* In the early part of August 2002, the firm has experienced roughly a
20% decrease in trades per day activity from the previous month's
average.
TD Waterhouse provides investors and financial advisors with a broad range
of brokerage, mutual fund, banking and other consumer financial products on an
integrated basis. Worldwide, TD Waterhouse currently services 3.3 million
active customer accounts in the United States, Canada, the United Kingdom, and
Australia. The firm also has joint ventures in Singapore, Japan, Luxembourg,
Hong Kong and India to serve investors in those countries. TD Waterhouse can
be found on the Internet at http://www.tdwaterhouse.com. TD Waterhouse
operates through subsidiaries of The Toronto-Dominion Bank (NYSE: TD; TSE) as
part of its wealth management businesses. TD Bank and its subsidiaries are
collectively known as TD Bank Financial Group. Headquartered in Toronto,
Canada, with offices around the world, TD Bank Financial Group offers a full
range of financial products and services to more than 13 million customers
worldwide.
SOURCE TD Waterhouse
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Related links:
http://www.tdwaterhouse.com
CONTACT:
Melissa Gitter, +1-212-806-3522, for TD
Waterhouse
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