Fair Values of Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2015

Fair Values of Assets and Liabilities [Abstract]

Fair Value Hierarchy for Assets and Liabilities Measured at Fair Value on a Recurring Basis

	Quoted Prices
	in Active Markets			Significant			Significant
	for Identical			Other Observable			Unobservable
	Assets			Inputs			Inputs		Balance at
December 31, 2015	(Level 1)			(Level 2)			(Level 3)		Fair Value
Cash equivalents:
Money market funds		$	1,968		$	-	$	-	$	1,968
Commercial paper			-			360		-		360
Total cash equivalents			1,968			360		-		2,328
Investments segregated and on deposit for
regulatory purposes:
Certificates of deposit			-			3,430		-		3,430
U.S. Government securities			-			4,517		-		4,517
Total investments segregated and on deposit for
regulatory purposes			-			7,947		-		7,947
Other securities owned:
Schwab Funds® money market funds			261			-		-		261
Equity and bond mutual funds			205			-		-		205
State and municipal debt obligations			-			50		-		50
Equity, U.S. Government and corporate debt, and
other securities			1			16		-		17
Total other securities owned			467			66		-		533
Securities available for sale:
U.S. agency mortgage-backed securities			-			22,149		-		22,149
Asset-backed securities			-			21,485		-		21,485
Corporate debt securities			-			10,747		-		10,747
U.S. Treasury securities			-			5,704		-		5,704
U.S. agency notes			-			3,150		-		3,150
Certificates of deposit			-			1,683		-		1,683
U.S. state and municipal securities			-			424		-		424
Non-agency commercial mortgage-backed securities			-			299		-		299
Other securities			-			5		-		5
Total securities available for sale			-			65,646		-		65,646
Total		$	2,435		$	74,019	$	-	$	76,454

	Quoted Prices
	in Active Markets			Significant				Significant
	for Identical			Other Observable				Unobservable
	Assets			Inputs				Inputs	Balance at
December 31, 2014	(Level 1)			(Level 2)				(Level 3)	Fair Value
Cash equivalents:
Money market funds		$	2,142		$	-	$	-	$	2,142
Commercial paper			-			32		-		32
Total cash equivalents			2,142			32		-		2,174
Investments segregated and on deposit for
regulatory purposes:
Certificates of deposit			-			4,125		-		4,125
U.S. Government securities			-			2,186		-		2,186
Total investments segregated and on deposit for
regulatory purposes			-			6,311		-		6,311
Other securities owned:
Schwab Funds® money market funds			224			-		-		224
Equity and bond mutual funds			215			-		-		215
State and municipal debt obligations			-			51		-		51
Equity, U.S. Government and corporate debt, and
other securities			2			24		-		26
Total other securities owned			441			75		-		516
Securities available for sale:
U.S. agency mortgage-backed securities			-			18,717		-		18,717
Asset-backed securities			-			19,366		-		19,366
Corporate debt securities			-			8,045		-		8,045
U.S. Treasury securities			-			2,994		-		2,994
U.S. agency notes			-			3,795		-		3,795
Certificates of deposit			-			1,534		-		1,534
Non-agency commercial mortgage-backed securities			-			317		-		317
Other securities			-			15		-		15
Total securities available for sale			-			54,783		-		54,783
Total		$	2,583		$	61,201	$	-	$	63,784

Fair Value of Other Financial Instruments

			Quoted Prices
			in Active Markets			Significant			Significant
			for Identical			Other Observable			Unobservable
	Carrying		Assets			Inputs			Inputs			Balance at
December 31, 2015	Amount		(Level 1)			(Level 2)			(Level 3)			Fair Value
Assets:
Cash and cash equivalents	$	9,650		$	-		$	9,650		$	-	$	9,650
Cash and investments segregated and
on deposit for regulatory purposes		11,647			-			11,647			-		11,647
Receivables from brokers, dealers, and
clearing organizations		582			-			582			-		582
Receivables from brokerage clients – net		17,310			-			17,310			-		17,310
Securities held to maturity:
U.S. agency mortgage-backed securities		48,785			-			48,883			-		48,883
Non-agency commercial mortgage-backed
securities		999			-			985			-		985
U.S. Treasury securities		223			-			220			-		220
Total securities held to maturity		50,007			-			50,088			-		50,088
Bank loans: (1)
Residential real estate mortgages		8,334			-			8,347			-		8,347
Home equity loans and lines of credit		2,735			-			2,857			-		2,857
Pledged asset lines		3,232			-			3,232			-		3,232
Other		64			-			64			-		64
Total bank loans		14,365			-			14,500			-		14,500
Other assets		184			-			184			-		184
Total	$	103,745		$	-		$	103,961		$	-	$	103,961
Liabilities:
Bank deposits	$	129,502		$	-		$	129,502		$	-	$	129,502
Payables to brokers, dealers, and clearing
organizations		2,588			-			2,588			-		2,588
Payables to brokerage clients		33,185			-			33,185			-		33,185
Accrued expenses and other liabilities		1,115			-			1,115			-		1,115
Long-term debt		2,890			-			2,980			-		2,980
Total	$	169,280		$	-		$	169,370		$	-	$	169,370

(1) The carrying value of bank loans excludes the allowance for loan losses of $31 million at December 31, 2015.

			Quoted Prices
			in Active Markets			Significant			Significant
			for Identical			Other Observable			Unobservable
	Carrying		Assets			Inputs			Inputs			Balance at
December 31, 2014	Amount		(Level 1)			(Level 2)			(Level 3)			Fair Value
Assets:
Cash and cash equivalents	$	9,189		$	-		$	9,189		$	-	$	9,189
Cash and investments segregated and
on deposit for regulatory purposes		14,466			-			14,466			-		14,466
Receivables from brokers, dealers, and
clearing organizations		469			-			469			-		469
Receivables from brokerage clients – net		15,666			-			15,666			-		15,666
Securities held to maturity:
U.S. agency mortgage-backed securities		33,388			-			33,745			-		33,745
Non-agency commercial mortgage-backed
securities		1,001			-			998			-		998
Total securities held to maturity		34,389			-			34,743			-		34,743
Bank loans: (1)
Residential real estate mortgages		8,127			-			8,158			-		8,158
Home equity loans and lines of credit		2,955			-			3,026			-		3,026
Pledged asset lines		2,320			-			2,320			-		2,320
Other		39			-			38			-		38
Total bank loans		13,441			-			13,542			-		13,542
Other assets		76			-			76			-		76
Total	$	87,696		$	-		$	88,151		$	-	$	88,151
Liabilities:
Bank deposits	$	102,815		$	-		$	102,815		$	-	$	102,815
Payables to brokers, dealers, and clearing
organizations		2,004			-			2,004			-		2,004
Payables to brokerage clients		34,305			-			34,305			-		34,305
Accrued expenses and other liabilities		687			-			687			-		687
Long-term debt		1,899			-			2,010			-		2,010
Total	$	141,710		$	-		$	141,821		$	-	$	141,821

(1) The carrying value of bank loans excludes the allowance for loan losses of $42 million at December 31, 2014.