Other Securities Owned

12 Months Ended

Dec. 31, 2017

Other Securities Owned [Abstract]

Other Securities Owned

Other Securities Owned

A summary of other securities owned is as follows:

December 31,	2017		2016
Equity and bond mutual funds	$	318	$	272
Schwab Funds® money market funds	135		108
State and municipal debt obligations	52		41
Equity, U.S. Government and corporate debt, and other securities	34		28
Total other securities owned	$	539	$	449

Equity and bond mutual funds include inventory maintained to facilitate certain Schwab Funds and third-party mutual fund clients’ transactions, and investments made relating to our deferred compensation plan. The positions in Schwab Funds^® money market funds arise from certain overnight funding of clients’ redemption, check-writing, and debit card activities. State and municipal debt obligations, equity, U.S. Government and corporate debt, and other securities include securities held to meet clients’ trading activities.