Charles Schwab 2010 Annual Report Download - page 15

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THE CHARLES SCHWAB CORPORATION
Annual Report On Form 10-K
For Fiscal Year Ended December 31, 2010
TABLE OF CONTENTS
Part I
Item 1.
Business
1
General Cor
p
orate Overview
1
Ac
q
uisitions and Divestiture
1
Business Strate
gy
and Com
p
etitive Environment
1
Products and Services
2
Re
g
ulation
5
Sources of Net Revenues
6
Available Information
6
Item 1A.
Risk Factors
6
Item 1B.
Unresolved Securities and Exchan
g
e Commission Staff Comments
12
Item 2.
Pro
p
erties
12
Item 3.
Le
g
al Proceedin
g
s
12
Part II
Item 5.
Market for Re
g
istrant’s Common E
q
uit
y
, Related Stockholder Matters and Issuer Purchases of E
q
uit
y
Securities
13
Item 6.
Selected Financial Data
15
Item 7.
Mana
g
ement’s Discussion and Anal
y
sis of Financial Condition and Results of O
p
erations
16
Overview
16
Current Market and Re
g
ulator
y
Environment
18
Results of O
p
erations
19
Li
q
uidit
y
and Ca
p
ital Resources
29
Risk Mana
g
ement
34
Fair Value of Financial Instruments
39
Critical Accountin
g
Estimates
40
Forward-Lookin
g
Statements
41
Item 7A.
Quantitative and Qualitative Disclosures About Market Ris
k
43
Item 8.
Financial Statements and Su
pp
lementar
y
Data
45
Item 9.
Chan
g
es in and Disa
g
reements With Accountants on Accountin
g
and Financial Disclosure
89
Item 9A.
Controls and Procedures
89
Item 9B.
Other Information
89
Part III
Item 10.
Directors, Executive Officers, and Cor
p
orate Governance
89
Item 11.
Executive Com
p
ensation
91
Item 12.
Securit
y
Ownershi
p
of Certain Beneficial Owners and Mana
g
ement and Related Stockholder Matters
91
Item 13.
Certain Relationshi
p
s and Related Transactions, and Director Inde
p
endence
91
Item 14.
Princi
p
al Accountant Fees and Services
92
Part IV
Item 15.
Exhibits and Financial Statement Schedule
92
Exhibit Index
92
Si
g
natures
97
Index to Financial Statement Schedule
F-1