XML 112 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
Other Securities Owned
 12 Months Ended
Dec. 31, 2011
Other Securities Owned

5.     Other Securities Owned

 

A summary of other securities owned is as follows:

 

December 31,

    2011      2010  

Schwab Funds® money market funds

    $     332       $     172   

Equity and bond mutual funds

      183         99   

State and municipal debt obligations

      46         47   

Equity, U.S. Government and corporate debt, and other securities

      32         19   
  

 

 

     

 

 

  

Total other securities owned (1)

    $ 593       $ 337   
  

 

 

     

 

 

  

 

(1) 

Securities pledged were not material at December 31, 2011 or 2010.

 

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

 

Securities sold, but not yet purchased were not material at December 31, 2011 or 2010, and are recorded at fair value in accrued expenses and other liabilities.