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Payables to Brokerage Clients
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12 Months Ended | ||
|---|---|---|---|
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Dec. 31, 2012
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| Payables to Brokerage Clients |
The principal source of funding for Schwab’s margin lending is cash balances in brokerage client accounts, which are included in payables to brokerage clients. Cash balances in interest-bearing brokerage client accounts were $32.6 billion and $30.6 billion at December 31, 2012 and 2011, respectively. The average rate paid on cash balances in interest-bearing brokerage client accounts was 0.01% in 2012 and 2011. |