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Deposits from Banking Clients
12 Months Ended
Dec. 31, 2011
Deposits from Banking Clients

11.     Deposits from Banking Clients

 

Deposits from banking clients consist of interest-bearing and noninterest-bearing deposits as follows:

 

December 31,

   2011      2010  

Interest-bearing deposits:

     

Deposits swept from brokerage accounts

   $     40,617       $     30,980   

Checking

     10,765         9,890   

Savings and other

     8,997         9,241   
  

 

 

    

 

 

 

Total interest-bearing deposits

     60,379         50,111   
  

 

 

    

 

 

 

Noninterest-bearing deposits

     475         479   
  

 

 

    

 

 

 

Total deposits from banking clients

   $ 60,854       $ 50,590   
  

 

 

    

 

 

 

 

Demand deposit overdrafts included as other loans within loans to banking clients were not material at December 31, 2011 or 2010.

 

In 2010, the Company entered into deposit account agreements with existing trust clients and accordingly transferred balances totaling $442 million from payables to brokerage clients and accrued expenses and other liabilities to noninterest-bearing deposits from banking clients.