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Deposits (Tables)
 12 Months Ended
Oct. 31, 2024
Text Block [Abstract]  
Summary of Deposits and Components
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$ millions, as at October 31
  
Payable on
demand
(3)
 
  
Payable after
notice
(4)
 
  
Payable on a
fixed date
(5)(6)
 
  
2024
Total
 
  
2023
Total
 
Personal
   
$
14,093
 
   
$
  134,132
 
   
$
104,669
 
   
$
  252,894
 
    $ 239,035  
Business and government
(7)
   
 
105,191
 
   
 
113,982
 
   
 
216,326
 
   
 
435,499
 
      412,561  
Bank
   
 
10,340
 
   
 
249
 
   
 
9,420
 
   
 
20,009
 
      22,296  
Secured borrowings
(8)
   
 
–
 
   
 
–
 
   
 
56,455
 
   
 
56,455
 
      49,484  
    
$
  129,624
 
   
$
  248,363
 
   
$
  386,870
 
   
$
764,857
 
    $ 723,376  
Comprises:
               
Held at amortized cost
            
$
725,849
 
    $ 687,737  
Designated at fair value
                              
 
39,008
 
      35,639  
                               
$
764,857
 
    $ 723,376  
Total deposits include:
(9)
               
Non-interest-bearing deposits
               
Canada
            
$
84,460
 
    $ 84,165  
U.S.
            
 
12,927
 
      12,816  
Other international
            
 
5,691
 
      5,821  
Interest-bearing deposits
               
Canada
            
 
526,186
 
      488,490  
U.S.
            
 
101,141
 
      95,109  
Other international
                              
 
34,452
 
      36,975  
                               
$
764,857
 
    $   723,376  
 
(1)
Includes deposits of $
288.4
billion (2023: $
258.4
billion) denominated in U.S. dollars and deposits of $
52.9
billion (2023: $
53.6
billion) denominated in other foreign currencies.
(2)
Net of purchased notes of $
0.6
billion (2023: $
1.6
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 $
61.1
billion (2023: $
60.8
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, 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 $
15.5
billion (2023: $
14.6
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.
(8)
Comprises liabilities issued by or as a result of activities associated with the securitization of residential mortgages, Covered Bond Programme, and consolidated securitization vehicles.
(9)
Classification is based on geographical location of the CIBC office.