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Cash and Cash Equivalents

12 Months Ended

Dec. 31, 2019

Cash and cash equivalents [abstract]

NOTE 05

CASH AND CASH EQUIVALENTS

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

	As of December 31,
	2019		2018
	MCh$		MCh$

Cash and deposits in banks
Cash		861,178		824,863
Deposits at the Central Bank of Chile		1,731,079		953,016
Deposits in local banks		948		664
Deposits in banks abroad		961,315		286,898
Subtotals – Cash and deposits in banks		3,554,520		2,065,411

Net cash items in process of collection		156,814		190,714

Cash and cash equivalents		3,711,334		2,256,155

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that the Bank must maintain in accordance with the regulations governing minimum reserves although the balance can be withdrawn on demand.

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,
	2019		2018
	MCh$		MCh$

Assets
Documents held by other banks (documents to be cleared)		217,394		210,546
Funds receivable		137,668		143,211
Subtotal		355,062		353,757
Liabilities
Funds payable		198,248		163,043
Subtotal		198,248		163,043

Cash in process of collection, net		156,814		190,714