XML 35 R12.htm IDEA: XBRL DOCUMENT

Cash and Cash Equivalents

12 Months Ended

Dec. 31, 2022

Cash and Cash Equivalents [Abstract]

NOTE 04 - CASH AND CASH EQUIVALENTS

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

	As of December 31,
	2022		2021
	MCh$		MCh$
Cash and deposits in banks
Cash		1,110,830		883,322
Deposits at the Central Bank of Chile		444,491		673,396
Deposits in local banks		2,646		30,265
Deposits in banks abroad		424,975		1,294,575
Subtotals – Cash and deposits in banks		1,982,942		2,881,558

Net cash items in process of collection		96,944		10,337

Cash and cash equivalents		2,079,886		2,891,895

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that the Bank must maintain in accordance with the regulations governing minimum reserves although the balance can be withdrawn on demand.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,
	2022		2021
	MCh$		MCh$
Assets
Documents held by other banks (documents to be cleared)		93,650		122,474
Funds receivable		750,166		267,797
Subtotal		843,816		390,271
Liabilities
Funds payable		746,872		379,934
Subtotal		746,872		379,934

Cash in process of collection, net		96,944		10,337