SCHWAB CHARLES CORP
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
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Bank Deposits
- Bank Deposits
Bank deposits consist of interest-bearing and non-interest-bearing deposits as follows:
| December 31, | 2023 | 2022 |
|---|---|---|
| Interest-bearing deposits: | ||
| Deposits swept from brokerage accounts | $220,274 | $333,754 |
| Time certificates of deposit (1) | 48,297 | 6,047 |
| Checking | 15,691 | 19,719 |
| Savings and other | 4,461 | 6,098 |
| Total interest-bearing deposits | 288,723 | 365,618 |
| Non-interest-bearing deposits | 1,230 | 1,106 |
| Total bank deposits | $289,953 | $366,724 |
(1) Time certificates of deposit consist of brokered CDs. The weighted-average interest rates on outstanding time certificates of deposit at December 31, 2023 and 2022 were 5.15% and 4.75%, respectively. As of December 31, 2023 and 2022, there wereno time deposits that were in excess of FDIC insurance limits or otherwise uninsured.
Annual maturities on time certificates of deposit outstanding at December 31, 2023 are as follows:
| Balance | |
|---|---|
| 2024 | $46,659 |
| 2025 | 1,638 |
| Total | $48,297 |
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