In this paper, the Time-Division Multiplexing (TDM) architecture for the Hybrid Filter Bank (HFB) A/D Converters (ADCs) is studied in the time domain. Giving a brief survey on the TDM structure, the classical and TDM HFB-based ADCs are compared in terms of the output resolution for some input signals. To study the sensitivity to the realization errors, both structures are simulated assuming the same realization errors in the analysis filter banks. The TDM HFBbased ADC exhibits a better performance either in the presence or in the absence of realization errors than the classical one. Besides, the input-output relationship is demonstrated to be Linear Time-Invariant (LTI) for the TDM HFB, but it is non-LTI in the the classical HFB case. Thus, it is possible only in the TDM case that a blind deconvolution method is employed for adaptively compensating the realization errors.