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Cash and Cash Equivalents
 12 Months Ended
Dec. 31, 2021
Disclosure of cash and cash equivalents [text block] [Abstract]  
CASH AND CASH EQUIVALENTS

NOTE 04

CASH AND CASH EQUIVALENTS

 

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

 

   As of December 31, 
   2021   2020 
   MCh$   MCh$ 
Cash and deposits in banks        
Cash   883,322    665,397 
Deposits at the Central Bank of Chile   673,396    1,313,394 
Deposits in local banks   30,265    1,571 
Deposits in banks abroad   1,294,575    822,926 
Subtotals – Cash and deposits in banks   2,881,558    2,803,288 
           
Net cash items in process of collection   10,337    91,332 
           
Cash and cash equivalents   2,891,895    2,894,620 

 

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that the Bank must maintain in accordance with the regulations governing minimum reserves although the balance can be withdrawn on demand.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, 
   2021   2020 
   MCh$   MCh$ 
Assets        
Documents held by other banks (documents to be cleared)   122,474    137,396 
Funds receivable   267,797    315,567 
Subtotal   390,271    452,963 
Liabilities          
Funds payable   379,934    361,631 
Subtotal   379,934    361,631 
           
Cash in process of collection, net   10,337    91,332