v3.22.4
Deposits
 3 Months Ended
Jan. 31, 2023
Text block [abstract]  
Deposits
Note 7.    Deposits
(1)(2)
 
$ millions, as at
                         
2023
Jan. 31
      2022
Oct. 31		  
    
 
Payable on
demand
 
 
(3)
 
  
 
Payable
after notice
 
 
(4)
 
  
 
Payable on a
fixed date
 
 
(5)(6)
 
   
 
Total
 
      Total  
Personal
   
$
15,289
 
  
$
133,299
 
  
$
87,507
 
   
$
236,095
 
    $ 232,095  
Business and government
(7)
   
 
108,928
 
  
 
89,375
 
  
 
190,922
 
   
 
389,225
 
      397,188  
Bank
   
 
12,306
 
  
 
92
 
  
 
12,163
 
   
 
24,561
 
      22,523  
Secured borrowings
(8)
   
 
–
 
  
 
–
 
  
 
44,843
 
   
 
44,843
 
      45,766  
    
$
    136,523
 
  
$
    222,766
 
  
$
    335,435
 
   
$
    694,724
 
    $     697,572  
Comprises:
                                           
Held at amortized cost
                            
$
663,813
 
    $ 670,770  
Designated at fair value
                            
 
30,911
 
      26,802  
                             
$
694,724
 
    $ 697,572  
Total deposits include
(9)
:
                                           
Non-interest-bearing
deposits
                                           
Canada
                            
$
87,898
 
    $ 93,801  
U.S.
                            
 
14,959
 
      17,053  
Other international
                            
 
6,148
 
      6,452  
Interest-bearing deposits
                                           
Canada
                            
 
461,443
 
      447,409  
U.S.
                            
 
83,277
 
      92,333  
Other international
                            
 
40,999
 
      40,524  
                             
$
694,724
 
    $ 697,572  
(1)
Includes deposits of $236.5 billion (October 31, 2022: $243.3 billion) denominated in U.S. dollars and deposits of $51.4 billion (October 31, 2022: $53.1 billion) denominated in other foreign currencies.
(2)
Net of purchased notes of $2.7 billion (October 31, 2022: $3.0 billion).
(3)
Includes all deposits for which we do not have the right to require notice of withdrawal. These deposits are generally chequing accounts.
(4)
Includes all deposits for which we can legally require notice of withdrawal. These deposits are generally savings accounts.
(5)
Includes all deposits that mature on a specified date. These deposits are generally term deposits, guaranteed investment certificates, and similar instruments.
(6)
Includes $56.9 billion (October 31, 2022: $55.1 billion) of deposits which are subject to the bank recapitalization
(bail-in)
conversion regulations issued by the Department of Finance Canada. These regulations provide certain statutory powers to the Canada Deposit Insurance Corporation (CDIC), including the ability to convert specified eligible shares and liabilities of CIBC into common shares in the event that CIBC is determined to be
non-viable.
(7)
Includes $11.4 billion (October 31, 2022: $10.6 billion) of structured note liabilities that were sold upon issuance to third-party financial intermediaries, who may resell the notes to retail investors in foreign jurisdictions.
(8)
Comprises liabilities issued by, or as a result of, activities associated with the securitization of residential mortgages, Covered Bond Programme, and consolidated securitization vehicles.
(9)
Classification is based on geographical location of the CIBC office.