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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Receivables from and Payables to Brokerage Clients
- Receivables from and Payables to Brokerage Clients
Receivables from and payables to brokerage clients are detailed below:
| December 31, | 2023 | 2022 |
|---|---|---|
| Receivables | ||
| Margin loans | $62,582 | $63,065 |
| Other brokerage receivables | 6,085 | 3,526 |
| Receivables from brokerage clients — net (1) | $68,667 | $66,591 |
| Payables | ||
| Interest-bearing payables | $67,675 | $81,583 |
| Non-interest-bearing payables | 17,111 | 15,855 |
| Payables to brokerage clients | $84,786 | $97,438 |
(1)The allowance for credit losses for receivables from brokerage clients and related activity was immaterial for all periods presented.
At December 31, 2023 and 2022, approximately 17% of total CS&Co and TD Ameritrade, Inc. client accounts were located in California.
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