UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
| For the month of February, 2006 |
Commission File Number: 001-14678 |
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CANADIAN IMPERIAL BANK OF COMMERCE |
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(Translation of registrant's name into English) |
| Commerce Court |
| Toronto, Ontario |
| Canada M5L 1A2 |
| (Address of principal executive offices) |
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F o Form 40-F x
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
Yes o No x
The following document is hereby filed with the Securities and Exchange Commission for the purpose of being (and hereby is) incorporated by reference into the Registration Statement on Form F-3 (File No. 333-104577) and the Registration Statements on Form S-8 (File Nos. 333 130283 and 333-09874):
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.|
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CANADIAN IMPERIAL BANK OF COMMERCE |
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Date: February 14, 2006 |
By: |
/s/ Linda A. Wallace |
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Name: Linda A. Wallace |
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Title: Authorized Signatory |
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By: |
/s/ William Haney |
| Name: William Haney | ||
| Title: Authorized Signatory | ||
Exhibit Index
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Exhibit Number |
Description of Document | |
| 12.1 | Computation of Ratio of Earnings to Fixed Charges |
Exhibit 12.1
Canadian Imperial Bank
of Commerce
Computation of Ratio of Earnings to Fixed Charges
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Twelve Months Ended October 31, |
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2005 |
2004 |
2003 |
2002 |
2001 |
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(C$ millions except ratios) |
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Canadian GAAP(1) |
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| Earnings: | ||||||
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Income before income taxes, minority interests and income/loss from equity investees |
828 |
2,848 |
2,162 |
282 |
1,737 |
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| Fixed charges, excluding interest on deposits |
2,190 |
1,757 |
2,095 |
1,626 |
2,568 |
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| Subtotal |
3,018 |
4,605 |
4,257 |
1,908 |
4,305 |
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| Interest on Deposits |
4,346 |
3,391 |
3,776 |
4,647 |
7,889 |
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| Total |
7,364 |
7,996 |
8,033 |
6,555 |
12,194 |
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| Fixed Charges: |
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| Interest expense, excluding interest on deposits |
1,978 |
1,545 |
1,883 |
1,478 |
2,442 |
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| Interest component of rental expense (2) |
211 |
212 |
219 |
146 |
124 |
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| Interest capitalized |
- |
13 |
78 |
23 |
- |
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| Amortization of subordinated indebtedness |
- |
- |
- |
2 |
2 |
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| Subtotal |
2,189 |
1,770 |
2,180 |
1,649 |
2,568 |
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| Interest on Deposits |
4,346 |
3,391 |
3,776 |
4,647 |
7,889 |
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| Total |
6,535 |
5,161 |
5,956 |
6,296 |
10,457 |
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| Ratio of Earnings to Fixed Charges: |
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| Excluding interest on Deposits |
1.38 |
2.60 |
1.95 |
1.16 |
1.68 |
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| Including interest on Deposits |
1.13 |
1.55 |
1.35 |
1.04 |
1.17 |
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U.S. GAAP |
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| Earnings: |
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Income before income taxes, minority interests and income/loss from equity investees |
710 |
2,974 |
2,515 |
(268) |
2,031 |
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| Fixed charges, excluding interest on deposits |
2,190 |
1,649 |
1,982 |
1,515 |
2,462 |
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| Subtotal |
2,900 |
4,623 |
4,497 |
1,247 |
4,493 |
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| Interest on Deposits |
4,346 |
3,391 |
3,776 |
4,647 |
7,889 |
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| Total |
7,246 |
8,014 |
8,273 |
5,894 |
12,382 |
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| Fixed Charges: |
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| Interest expense, excluding interest on deposits |
1,978 |
1,437 |
1,770 |
1,367 |
2,336 |
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| Interest component of rental expense (2) |
211 |
212 |
219 |
146 |
124 |
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| Interest capitalized |
- |
13 |
78 |
23 |
- |
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| Amortization of subordinated indebtedness |
- |
- |
- |
2 |
2 |
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| Subtotal |
2,189 |
1,662 |
2,067 |
1,538 |
2,462 |
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| Interest on Deposits |
4,346 |
3,391 |
3,776 |
4,647 |
7,889 |
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| Total |
6,535 |
5,053 |
5,843 |
6,185 |
10,351 |
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| Ratio of Earnings to Fixed Charges: |
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| Excluding interest on Deposits |
1.32 |
2.78 |
2.18 |
(3) |
1.82 |
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| Including interest on Deposits |
1.11 |
1.59 |
1.42 |
(3) |
1.20 |
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| (1) | Ratios for the twelve month period ended October 31 for the years 2001 through 2004 have been restated due to retroactive adoption of amendments to the Canadian Institute of Chartered Accountants handbook section "Financial Instruments--Disclosure and Presentation" on November 1, 2004. | |
| (2) | The interest component of rental expense is 30% of rent expense because it is the proportion deemed representative of the interest factor. | |
| (3) | Earnings for the year ended October 31, 2002 were inadequate to cover fixed charges as calculated under U.S. GAAP (both excluding and including interest on deposits) by C$291 million. | |