Charles Schwab 2015 Annual Report Download - page 105

Download and view the complete annual report

Please find page 105 of the 2015 Charles Schwab annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 150

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150

THE CHARLES SCHWAB CORPORATION
Notes to Consolidated Financial Statements
(Tabular Amounts in Millions, Except Per Share Data, Option Price Amounts, Ratios, or as Noted)
- 85 -
Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following tables present the fair value hierarchy for assets measured at fair value on a recurring basis. Liabilities
recorded at fair value were not material, and therefore are not included in the following tables:
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