Fair Values of Assets and Liabilities (Tables)

9 Months Ended

Sep. 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
September 30, 2014	(Level 1)			(Level 2)			(Level 3)			Fair Value
Cash equivalents:
Money market funds		$	1,667		$	-		$	-		$	1,667
Commercial paper			-			56			-			56
Total cash equivalents			1,667			56			-			1,723
Investments segregated and on deposit for regulatory
purposes:
Certificates of deposit			-			3,776			-			3,776
U.S. Government securities			-			-			-			-
Total investments segregated and on deposit for
regulatory purposes			-			3,776			-			3,776
Other securities owned:
Schwab Funds® money market funds			293			-			-			293
Equity and bond mutual funds			210			-			-			210
State and municipal debt obligations			-			44			-			44
Equity, U.S. Government and corporate debt, and
other securities			1			24			-			25
Total other securities owned			504			68			-			572
Securities available for sale:
Asset-backed securities			-			19,503			-			19,503
U.S. agency mortgage-backed securities			-			18,201			-			18,201
Corporate debt securities			-			7,684			-			7,684
U.S. agency notes			-			3,923			-			3,923
Certificates of deposit			-			1,534			-			1,534
Non-agency residential mortgage-backed securities			-			538			-			538
Treasury securities			-			500			-			500
Non-agency commercial mortgage-backed securities			-			318			-			318
Total securities available for sale			-			52,201			-			52,201
Total		$	2,171		$	56,101		$	-		$	58,272

	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
September 30, 2014	Amount		(Level 1)			(Level 2)			(Level 3)			Fair Value
Assets:
Cash and cash equivalents	$	6,865		$	-		$	6,865		$	-	$	6,865
Cash and investments segregated and
on deposit for regulatory purposes		16,111			-			16,111			-		16,111
Receivables from brokers, dealers, and
clearing organizations		458			-			458			-		458
Receivables from brokerage clients – net		15,413			-			15,413			-		15,413
Securities held to maturity:
U.S. agency mortgage-backed securities		33,005			-			32,964			-		32,964
Non-agency commercial mortgage-backed
securities		1,002			-			975			-		975
Total securities held to maturity		34,007			-			33,939			-		33,939
Loans to banking clients: (1)
Residential real estate mortgages		8,075			-			8,056			-		8,056
Home equity lines of credit		2,982			-			3,046			-		3,046
Personal loans secured by securities		2,033			-			2,033			-		2,033
Other		30			-			29			-		29
Total loans to banking clients		13,120			-			13,164			-		13,164
Other assets		75			-			75			-		75
Total	$	86,049		$	-		$	86,025		$	-	$	86,025
Liabilities:
Deposits from banking clients	$	97,345		$	-		$	97,345		$	-	$	97,345
Payables to brokers, dealers, and clearing
organizations		2,099			-			2,099			-		2,099
Payables to brokerage clients		33,131			-			33,131			-		33,131
Accrued expenses and other liabilities		471			-			471			-		471
Long-term debt		1,900			-			2,012			-		2,012
Total	$	134,946		$	-		$	135,058		$	-	$	135,058

(1) The carrying value of loans to banking clients excludes the allowance for loan losses of $40 million at September 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.