Chartered banks: Classification of deposit liabilities (formerly K12)

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Quarterly data typically published 60 days after calendar quarter end.

Quarterly series

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Canadian dollar deposits

Quarter-end, Millions of dollars2023Q42024Q12024Q22024Q32024Q4
Demand and notice deposits1,672,7391,680,6251,710,1461,730,5131,799,274
Governments69,77972,01888,69888,83577,355
Other Canadian1,546,8121,534,5471,562,0131,586,7261,667,469
Financial institutions
Deposit-taking institutions19,46419,86919,21221,33021,278
Other98,901101,275125,204129,580138,923
Non-financial corporations537,289521,331533,337536,926572,525
Unincorporated businesses118,244128,523114,053122,597130,166
Individuals
RRSP41,03042,18140,45941,70543,464
Other731,885721,369729,747734,588761,113
Non-residents56,14774,06059,43554,95254,449
Deposit-taking institutions19,76538,91225,71422,23521,131
Other36,38235,14833,72132,71733,318
Fixed-term: Pre-encashable deposits254,754253,563251,050239,079234,772
Governments2,4152,4792,6812,6292,466
Other Canadian235,385236,986233,963225,864217,971
Financial institutions
Deposit-taking institutions10,35712,11612,73511,78412,431
Other10,25710,30610,30310,4139,609
Non-financial corporations75,60473,13973,06070,03666,436
Unincorporated businesses6,5066,2176,6696,5307,132
Individuals
RRSP5,3386,2555,8546,1025,801
Other127,322128,954125,342121,000116,562
Non-residents16,95514,09814,40710,58714,335
Deposit-taking institutions9,2596,1488,1354,7948,781
Other7,6967,9506,2725,7935,553
Fixed-term: Non pre-encashable deposits900,459930,471951,865965,731948,929
Governments10,55011,48913,96513,43913,468
Other Canadian680,735704,958719,802733,919711,525
Financial institutions
Deposit-taking institutions6,8946,4027,2888,7549,357
Other23,47824,58921,57924,60721,769
Non-financial corporations86,50787,85885,56089,95881,548
Unincorporated businesses12,79713,64118,49916,64414,360
Individuals
RRSP49,50251,67552,69752,86651,437
Other501,557520,793534,177541,090533,053
Non-residents21,55222,64121,85222,69422,990
Deposit-taking institutions4,7224,9786,1975,5225,318
Other16,82917,66315,65517,17217,672
Bearer deposit notes and other negotiable notes187,623191,383196,246195,680200,946
Booked at securities subsidiaries23,93924,25828,90027,31428,804
Total Canadian dollar deposits2,851,8902,888,9172,941,9612,962,6383,011,779

Foreign currency deposits

Quarter-end, Millions of dollars2023Q42024Q12024Q22024Q32024Q4
Demand and notice deposits1,223,1391,231,4681,249,3261,259,8061,370,314
Governments3,8833,7333,1103,0282,778
Other Canadian253,736250,204275,210271,508287,027
Financial institutions
Deposit-taking institutions2,4792,8232,1462,3412,358
Other34,78750,19867,78062,80366,172
Non-financial corporations143,649123,292129,508130,976135,515
Unincorporated businesses8,6039,2297,6297,66910,395
Individuals64,21864,66468,14867,71972,587
Non-residents965,519977,531971,007985,2701,080,509
Deposit-taking institutions17,21419,00316,09919,52019,136
Other948,305958,529954,908965,7501,061,373
Fixed-term deposits1,813,7771,792,2581,813,4131,866,8962,032,928
Governments201238250261276
Other Canadian149,265149,390150,827161,971185,444
Financial institutions
Deposit-taking institutions1,5891,1341,3501,3721,492
Other14,36214,32216,80518,40021,389
Non-financial corporations66,38561,78457,09960,29474,311
Unincorporated businesses9088237352,843489
Individuals66,02271,32874,83779,06287,763
Non-residents649,906646,188648,553675,512707,794
Deposit-taking institutions174,056170,436166,674195,935192,416
Other475,850475,752481,879479,577515,378
Bearer deposit notes and other negotiable notes1,014,404996,4421,013,7831,029,1531,139,414
Booked at securities subsidiaries4,5064,1494,9786,0646,465
Total foreign currency deposits3,041,4213,027,8763,067,7173,132,7663,409,708

Notes

Source: Bank of Canada, Office of the Superintendent of Financial Institutions (OSFI)

Federally-regulated credit unions and subsidiaries of non-bank financial institutions are excluded from the universe of chartered banks for the purposes of the Banking and Financial Statistics (BFS) tables. This treatment is consistent with the methodology used by Statistics Canada in their key economic and financial statistical programs (e.g., National Balance Sheet Accounts), which follows the NAICS framework.

Chartered banks: Classification of deposit liabilities (formerly K12) presents a quarterly breakdown of chartered bank deposit liabilities booked worldwide, classified by type of instrument, by currency and by the institutional sector of the depositor. The institutional sectors are based on the definitions in the Statistics Canada publication Financial Flow Accounts, Catalogue 13-002. The deposit liability data are available from the first quarter of 1982 and correspond to data as reported by the banks on Schedule J under the Bank Act and published monthly in table Chartered bank liabilities and shareholders’ equity: Month-end (formerly C4) of the Bank of Canada Banking and Financial Statistics. Beginning with the fourth quarter of 1988, data include deposits booked at majority-owned investment dealer subsidiaries. Foreign currency deposits have been converted into Canadian dollar equivalents at the closing exchange rate on the last business day of the quarter.

Deposits of governments consist of deposits held by federal, provincial and municipal governments within Canada. Other financial institutions include deposit- taking institutions other than banks, insurance companies and pension funds, investment dealers, other private and public sector financial institutions. Beginning with the second quarter of 1994, deposit-taking institutions other than banks are included with deposit- taking institutions. Non-financial corporations comprise private and public sector non- financial corporations. Unincorporated businesses also include non-profit institutions such as religious, health and educational institutions as well as other private non-profit institutions. Deposits of individuals are deposits held by persons for non-business purposes, including registered home ownership savings plans (RHOSP) and registered retirement savings plans (RRSP). Deposits of non-resident banks include deposits of banks and official monetary institutions not resident in Canada. Other non-resident deposits comprise deposits of individuals, corporations and other organizations not resident in Canada. Bearer term notes and other negotiable notes are deposit instruments transferable to third parties.