Charles Schwab 2015 Annual Report Download - page 91

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THE CHARLES SCHWAB CORPORATION
Notes to Consolidated Financial Statements
(Tabular Amounts in Millions, Except Per Share Data, Option Price Amounts, Ratios, or as Noted)
- 71 -
The following table is a roll forward of the amount of credit losses recognized in earnings for OTTI securities held by the
Company during the period for which a portion of the impairment was reclassified from or recognized in other
comprehensive income (loss):
Year Ended December 31, 2015 2014 2013
Balance at beginning of year $ 2 $ 169 $ 159
Credit losses recognized into current year earnings on debt securities for  
which an OTTI was not previously recognized - 1 1
Credit losses recognized into current year earnings on debt securities for
which an OTTI was previously recognized - - 9
Reductions due to sale of debt securities for which an OTTI was
previously recognized (1)
(168)
-
Balance at end of year $ 1 $ 2 $ 169
The maturities of securities available for sale and securities held to maturity are as follows:
After 1 year After 5 years
Within through through After
December 31, 2015 1 year 5 years 10 years 10 years Total
Securities available for sale:
U.S. agency mortgage-backed securities (1) $ - $ 1,883 $ 10,372 $ 9,894 $ 22,149
Asset-backed securities - 7,014 3,555 10,916 21,485
Corporate debt securities 2,344 8,403 - - 10,747
U.S. Treasury securities 2,494 3,015 195 - 5,704
U.S. agency notes - 3,150 - - 3,150
Certificates of deposit 935 748 - - 1,683
U.S. state and municipal securities - - 19 405 424
N
on-agency commercial mortgage-backed
securities (1) - - - 299 299
Other securities - - - 5 5
Total fair value $ 5,773 $ 24,213 $ 14,141 $ 21,519 $ 65,646
Total amortized cost $ 5,774 $ 24,247 $ 14,160 $ 21,679 $ 65,860
Securities held to maturity:
U.S. agency mortgage-backed securities (1) $ - $ 2,380 $ 20,337 $ 26,166 $ 48,883
N
on-agency commercial mortgage-backed
securities (1) -
- 357 628 985
U.S. Treasury securities - - 220 - 220
Total fair value $ - $ 2,380
$ 20,914 $ 26,794 $ 50,088
Total amortized cost $ - $ 2,311 $ 20,878 $ 26,818 $ 50,007
(1) Mortgage-backed securities have been allocated to maturity groupings based on final contractual maturities. Actual
maturities will differ from final contractual maturities because borrowers on a certain portion of loans underlying these
securities have the right to prepay their obligations.
Proceeds and gross realized gains and losses from sales of securities available for sale are as follows:
Year Ended December 31, 2015 2014 2013
Proceeds $ 2,424 $ 6,556 $ 6,167
Gross realized gains 1 30 7
Gross realized losses 1 23 -