EXHIBIT 21.1 THE CHARLES SCHWAB CORPORATION Subsidiaries of the Registrant Pursuant to Item 601 (b)(21)(ii) of Regulation S-K, certain subsidiaries of the Registrant have been omitted which, considered in the aggregate as a single subsidiary, would not constitute a significant subsidiary (as defined in Rule 1-02(w) of Regulation S-X) as of December 31, 2002. The following is a listing of the significant subsidiaries of the Registrant: Schwab Holdings, Inc. (holding company for Charles Schwab & Co., Inc.), a Delaware corporation Charles Schwab & Co., Inc., a California corporation Charles Schwab Investment Management, Inc., a Delaware corporation U.S. Trust Corporation (holding company for United States Trust Company of New York), a New York corporation United States Trust Company of New York, a New York corporation Other subsidiaries of the Registrant include: The Charles Schwab Trust Company, a California corporation Mayer & Schweitzer, Inc. (holding company for Schwab Associates & Co.), a New Jersey corporation Schwab Associates & Co. (99% limited partner of Schwab Capital Markets L.P.), a Delaware corporation Schwab Capital Markets L.P., a New Jersey limited partnership U.S. Trust Mortgage Service Company (holding company for Co-op Holdings), a Florida corporation Co-op Holdings, a Nevada corporation U.S. Trust Company, a Connecticut corporation