Fair Values of Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2014

Fair Values of Assets and Liabilities [Abstract]

Fair Value Hierarchy for Assets Measured at Fair Value

	Quoted Prices
	in Active Markets			Significant			Significant
	for Identical			Other Observable			Unobservable
	Assets			Inputs			Inputs			Balance at
June 30, 2014	(Level 1)			(Level 2)			(Level 3)			Fair Value
Cash equivalents:
Money market funds		$	1,422		$	-		$	-		$	1,422
Commercial paper			-			41			-			41
Total cash equivalents			1,422			41			-			1,463
Investments segregated and on deposit for regulatory
purposes:
Certificates of deposit			-			3,825			-			3,825
U.S. Government securities			-			322			-			322
Total investments segregated and on deposit for
regulatory purposes			-			4,147			-			4,147
Other securities owned:
Schwab Funds® money market funds			297			-			-			297
Equity and bond mutual funds			219			-			-			219
State and municipal debt obligations			-			35			-			35
Equity, U.S. Government and corporate debt, and
other securities			1			31			-			32
Total other securities owned			517			66			-			583
Securities available for sale:
U.S. agency mortgage-backed securities			-			18,133			-			18,133
Asset-backed securities			-			17,617			-			17,617
Corporate debt securities			-			9,262			-			9,262
U.S. agency notes			-			4,184			-			4,184
Certificates of deposit			-			3,127			-			3,127
Non-agency residential mortgage-backed securities			-			560			-			560
Non-agency commercial mortgage-backed securities			-			320			-			320
Total securities available for sale			-			53,203			-			53,203
Total		$	1,939		$	57,457		$	-		$	59,396

	Quoted Prices
	in Active Markets			Significant			Significant
	for Identical			Other Observable			Unobservable
	Assets			Inputs			Inputs			Balance at
December 31, 2013	(Level 1)			(Level 2)			(Level 3)			Fair Value
Cash equivalents:
Money market funds		$	1,141		$	-		$	-		$	1,141
Commercial paper			-			22			-			22
Total cash equivalents			1,141			22			-			1,163
Investments segregated and on deposit for regulatory
purposes:
Certificates of deposit			-			2,737			-			2,737
U.S. Government securities			-			2,539			-			2,539
Total investments segregated and on deposit for
regulatory purposes			-			5,276			-			5,276
Other securities owned:
Schwab Funds® money market funds			261			-			-			261
Equity and bond mutual funds			208			-			-			208
State and municipal debt obligations			-			32			-			32
Equity, U.S. Government and corporate debt, and
other securities			1			15			-			16
Total other securities owned			470			47			-			517
Securities available for sale:
U.S. agency mortgage-backed securities			-			18,645			-			18,645
Asset-backed securities			-			15,206			-			15,206
Corporate debt securities			-			9,007			-			9,007
U.S. agency notes			-			4,136			-			4,136
Certificates of deposit			-			3,652			-			3,652
Non-agency residential mortgage-backed securities			-			593			-			593
Non-agency commercial mortgage-backed securities			-			279			-			279
Other securities			-			100			-			100
Total securities available for sale			-			51,618			-			51,618
Total		$	1,611		$	56,963		$	-		$	58,574

Fair Value Hierarchy for Financial Instruments Not Recorded at Fair Value

			Quoted Prices
			in Active Markets			Significant			Significant
			for Identical			Other Observable			Unobservable
	Carrying		Assets			Inputs			Inputs			Balance at
June 30, 2014	Amount		(Level 1)			(Level 2)			(Level 3)			Fair Value
Assets:
Cash and cash equivalents	$	5,369		$	-		$	5,369		$	-	$	5,369
Cash and investments segregated and
on deposit for regulatory purposes		14,943			-			14,943			-		14,943
Receivables from brokers, dealers, and
clearing organizations		522			-			522			-		522
Receivables from brokerage clients – net		14,664			-			14,664			-		14,664
Securities held to maturity:
U.S. agency mortgage-backed securities		31,393			-			31,563			-		31,563
Non-agency commercial mortgage-backed
securities		1,002			-			984			-		984
Other securities		100			-			100			-		100
Total securities held to maturity		32,495			-			32,647			-		32,647
Loans to banking clients: (1)
Residential real estate mortgages		8,055			-			8,047			-		8,047
Home equity lines of credit		3,017			-			3,048			-		3,048
Personal loans secured by securities		1,804			-			1,804			-		1,804
Other		34			-			34			-		34
Total loans to banking clients		12,910			-			12,933			-		12,933
Other assets		72			-			72			-		72
Total	$	80,975		$	-		$	81,150		$	-	$	81,150
Liabilities:
Deposits from banking clients	$	95,688		$	-		$	95,688		$	-	$	95,688
Payables to brokers, dealers, and clearing
organizations		1,725			-			1,725			-		1,725
Payables to brokerage clients		31,484			-			31,484			-		31,484
Accrued expenses and other liabilities		519			-			519			-		519
Long-term debt		1,901			-			2,016			-		2,016
Total	$	131,317		$	-		$	131,432		$	-	$	131,432

(1) The carrying value of loans to banking clients excludes the allowance for loan losses of $41 million at June 30, 2014.

			Quoted Prices
			in Active Markets			Significant			Significant
			for Identical			Other Observable			Unobservable
	Carrying		Assets			Inputs			Inputs			Balance at
December 31, 2013	Amount		(Level 1)			(Level 2)			(Level 3)			Fair Value
Assets:
Cash and cash equivalents	$	6,565		$	-		$	6,565		$	-	$	6,565
Cash and investments segregated and
on deposit for regulatory purposes		18,273			-			18,273			-		18,273
Receivables from brokers, dealers, and
clearing organizations		509			-			509			-		509
Receivables from brokerage clients – net		13,949			-			13,949			-		13,949
Securities held to maturity:
U.S. agency mortgage-backed securities		29,260			-			28,500			-		28,500
Non-agency commercial mortgage-backed
securities		958			-			890			-		890
Other securities		100			-			100			-		100
Total securities held to maturity		30,318			-			29,490			-		29,490
Loans to banking clients: (1)
Residential real estate mortgages		8,006			-			7,930			-		7,930
Home equity lines of credit		3,041			-			3,043			-		3,043
Personal loans secured by securities		1,384			-			1,384			-		1,384
Other		36			-			35			-		35
Total loans to banking clients		12,467			-			12,392			-		12,392
Other assets		64			-			64			-		64
Total	$	82,145		$	-		$	81,242		$	-	$	81,242
Liabilities:
Deposits from banking clients	$	92,972		$	-		$	92,972		$	-	$	92,972
Payables to brokers, dealers, and clearing
organizations		1,467			-			1,467			-		1,467
Payables to brokerage clients		35,333			-			35,333			-		35,333
Accrued expenses and other liabilities		680			-			680			-		680
Long-term debt		1,903			-			1,989			-		1,989
Total	$	132,355		$	-		$	132,441		$	-	$	132,441

(1) The carrying value of loans to banking clients excludes the allowance for loan losses of $48 million at December 31, 2013.