Note 7. Deposits

(1)(2)


$ millions, as at										2022 Jul. 31		2021 Oct. 31
		Payable on demand	(3)		Payable after notice	(4)		Payable on a fixed date	(5)(6)		Total		Total
Personal	$	17,017		$	144,193		$	67,699		$	228,909	$	213,932
Business and government (7)(8)		106,543			85,249			186,571			378,363		344,388
Bank		13,266			76			9,929			23,271		20,246
Secured borrowings (9)		–			–			47,914			47,914		42,592
	$	136,826		$	229,518		$	312,113		$	678,457	$	621,158
Comprises:
Held at amortized cost										$	653,562	$	602,628
Designated at fair value											24,895		18,530
										$	678,457	$	621,158
Total deposits include (10) :
Non-interest-bearing deposits
Canada										$	96,618	$	93,850
U.S.											16,367		16,522
Other international											6,083		5,601
Interest-bearing deposits
Canada											431,974		406,642
U.S.											87,504		70,312
Other international											39,911		28,231
										$	678,457	$	621,158

(1)	Includes deposits of $234.8 billion (October 31, 2021: $215.4 billion) denominated in U.S. dollars and deposits of $51.6 billion (October 31, 2021: $37.1 billion) denominated in other foreign currencies.

(2)	Net of purchased notes of $2.6 billion (October 31, 2021: $2.2 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 $49.7 billion (October 31, 2021: $32.6 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 nil (October 31, 2021: $300 million) of Notes issued to CIBC Capital Trust. These Notes were redeemed on November 1, 2021.

(8)	Includes $9.0 billion (October 31, 2021: $8.8 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.

(9)	Comprises liabilities issued by, or as a result of, activities associated with the securitization of residential mortgages, Covered Bond Programme, and consolidated securitization vehicles.

(10)	Classification is based on geographical location of the CIBC office.