XML 36 R13.htm IDEA: XBRL DOCUMENT

CASH AND CASH EQUIVALENTS

12 Months Ended

Dec. 31, 2018

Cash and cash equivalents [abstract]

NOTE 05

CASH AND CASH EQUIVALENTS

a) The detail of the balances included under cash and cash equivalents is as follows:

		As of December 31,
		2018		2017
		MCh$		MCh$

Cash and deposits in banks
	Cash	824,863		613,361
	Deposits at the Central Bank of Chile	953,016		441,683
	Deposits in local banks	664		393
	Deposits in banks abroad	286,898		397,485
Subtotals – Cash and deposits in banks		2,065,411		1,452,922

	Net cash items in process of collection		190,714		181,419

Cash and cash equivalents		2,256,155		1,634,341

The balance of funds held in cash and at the Central Bank of Chile reflects the monthly average that the Bank must maintain in accordance with the regulations governing minimum reserves although the balance can be withdrawn on demand.

b) Cash in process of collection and in process of being cleared:

Cash items in process of collection and in process of being cleared represent domestic transactions which have not been processed through the central domestic clearinghouse or international transactions which may be delayed in settlement due to timing differences. These transactions were as follows:

		As of December 31,
		2018	2017
		MCh$	MCh$

Assets
	Documents held by other banks (documents to be cleared)	210,546	199,619
	Funds receivable	143,211	468,526
Subtotal		353,757	668,145
Liabilities
	Funds payable	163,043	486,726
	Subtotal	163,043	486,726

Cash in process of collection, net		190,714	181,419