Note 18 - Deposits and Related Interest >. Deposits and related interest consist of the following: The weighted average interest rate on total deposits at December 31, 2001 and 2000 was 3.82% and 5.83%, respectively. At December 31, 2001, the aggregate amount of overdraft in demand deposits that were reclassified as loans amounted to $7,807,724 (2000 - $4,106,412). The following table presents a summary of certificates of deposits with remaining term of more than one year at December 31, 2001: At December 31, 2001 certificates of deposit (CD’s) in denominations of $100,000 or higher amounted to $2,669,536,603 (2000 - $1,995,730,680) including brokered certificates of deposit of $2,189,687,222 (2000 - $1,499,104,222) at a weighted average rate of 4.0% (2000 - 6.60%). At December 31, 2001, deposit accounts issued to government agencies with a carrying value of $63,639,152 (2000 - $101,661,753) were collater- alized by securities with a carrying value of $75,126,925 (2000 - $106,917,690) and estimated market value of $71,979,923 (2000 - $104,868,113) and by specific mortgage loans with a carrying value of $2,895,723 (2000 - $3,539,882) and estimated market value of $3,370,043 (2000 - $3,882,189). A table showing interest expense on deposits follows: Over one year to two years $207,402 Over two years to three years 211,183 Over three years to four years 128,122 Over four years to five years 356,040 Over five years 1,431,373 Total $2,334,120 Total (In thousands) December 31, 2001 2000 (In thousands) Type of account and interest rate: Savings accounts - 2.25% to 3.50% (2000 - 2.75% to 4.00%) $ 469,452 $ 430,298 Interest bearing checking accounts - 2.25% to 3.05% (2000 -  2.75% to 4.50%) 205,760 170,631 Non-interest bearing checking accounts 239,851 232,164 Certificate accounts - 2.00% to 7.50% (2000 - 4.15% to 7.60%) 3,183,491 2,512,891 $4,098,554 $3,345,984 Year ended December 31, 2001 2000 1999 (In thousands) Savings  $ 12,954 $ 12,792 $12,381 Interest bearing checking accounts 5,296 5,546 4,931 Certificates of deposit 142,508 134,945 73,177 Total $160,758 $153,283 $90,489 First BanCorp.> 2001 0 68