At June 30, 2012, checking and savings accounts were 86% of total deposits, compared to 82% at year-end. Such accounts increased 13% since year-end, from $18.5 billion to $20.8 billion.The contractual rate paid on all deposits averaged 0.38% during the second quarter of 2012, compared to 0.40% for the first quarter of 2012 and 0.73% during the second quarter a year ago, with the reduction in the average rate paid coming both from an improved deposit mix and lower market rates of interest.
First Republic Reports Strong Second Quarter Results
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