CUSTOMER DEPOSIT ACCOUNTS

12 Months Ended

Dec. 31, 2011

CUSTOMER DEPOSIT ACCOUNTS

CUSTOMER DEPOSIT ACCOUNTS

15.         CUSTOMER DEPOSIT ACCOUNTS

              Customer deposit account balances are summarized as follows:

	December 31,
	2011		2010
	(In thousands)
Noninterest-bearing demand	$	3,492,795	$	2,676,466
Interest-bearing checking		971,179		757,446
Money market accounts		4,678,409		4,457,376
Savings deposits		1,164,618		984,518
Total core deposits		10,307,001		8,875,806
Time deposits:
Less than $100,000		2,186,604		2,239,836
$100,000 or greater		4,959,397		4,525,617
Total time deposits		7,146,001		6,765,453
Total deposits	$	17,453,002	$	15,641,259

              The $4.96 billion and $4.53 billion balance of time deposits $100 thousand or greater at December 31, 2011 and 2010, includes $264.6 million and $481.8 million of deposits held by the Company's foreign branch located in Hong Kong.

              At December 31, 2011, the scheduled maturities of time deposits are as follows:

	$100,000 or Greater		Less Than $100,000		Total
	(In thousands)
2012	$	4,241,832	$	1,962,274	$	6,204,106
2013		345,327		165,990		511,317
2014		101,042		6,648		107,690
2015		43,151		45,776		88,927
2016		73,520		5,908		79,428
Thereafter		154,525		8		154,533
Total	$	4,959,397	$	2,186,604	$	7,146,001

              Accrued interest payable totaled $7.1 million and $2.6 million at December 31, 2011 and 2010, respectively. Interest expense on customer deposits by account type is summarized as follows:

	December 31,
	2011		2010		2009
			(In thousands)
Interest-bearing checking	$	3,009	$	2,349	$	1,507
Money market accounts		20,610		29,514		25,583
Savings deposits		2,988		3,986		3,322
Time deposits:
Less than $100,000		29,329		34,958		32,073
$100,000 or greater		51,174		45,930		66,992
Total	$	107,110	$	116,737	$	129,477

              As of December 31, 2011, time deposits within the Certificate of Deposit Account Registry Service ("CDARS") program decreased to $580.9 million, compared to $713.5 million at December 31, 2010. The CDARS program allows customers with deposits in excess of FDIC-insured limits to obtain full coverage on time deposits through a network of banks within the CDARS program. Additionally, the Company is partnered with another financial institution and offers a retail sweep product for non-time deposit accounts to provide added deposit insurance coverage for deposits in excess of FDIC-insured limits. Deposits gathered through these programs are considered brokered deposits under current regulatory reporting guidelines.