Charles Schwab 2013 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)
- 80 -
Financial Instruments Not Recorded at Fair Value
Descriptions of the valuation methodologies and assumptions used to estimate the fair value of financial instruments not
recorded at fair value are also described in note “2 – Summary of Significant Accounting Policies.” There were no significant
changes in these methodologies or assumptions during 2013. The following table presents the fair value hierarchy for
financial instruments not recorded at fair value at December 31, 2013:
Quoted Prices
in Active Markets Significant Significant
for Identical Other Observable Unobservable
Carrying Assets Inputs Inputs Balance at
December 31, 2013 Amount (Level 1) (Level 2) (Level 3) Fair Value
Assets:
Cash and cash equivalents $ 6,565 $ - $ 6,565 $ - $ 6,565
Cash and investments segregated and     
on deposit for regulatory purposes 18,273 - 18,273 - 18,273
Receivables from brokers, dealers, and 
clearing organizations 509 - 509 - 509
Receivables from brokerage clients – net 13,949 - 13,949 - 13,949
Securities held to maturity:
U.S. agency mortgage-backed securities 29,260 - 28,500 - 28,500
Non-agency commercial mortgage-backed
securities 958
- 890 - 890
Other securities 100 - 100 - 100
Total securities held to maturity 30,318 - 29,490 - 29,490
Loans to banking clients – net:
Residential real estate mortgages 8,006 - 7,930 - 7,930
Home equity lines of credit 3,041 - 3,043 - 3,043
Personal loans secured by securities 1,384 - 1,384 - 1,384
Other 36 - 35 - 35
Total loans to banking clients – net 12,467 - 12,392 - 12,392
Other assets 64 - 64 - 64
Total $ 82,145 $ - $ 81,242 $ - $ 81,242
Liabilities:
Deposits from banking clients $ 92,972 $ - $ 92,972 $ - $ 92,972
Payables to brokers, dealers, and clearing     
organizations 1,467 - 1,467 - 1,467
Payables to brokerage clients 35,333 - 35,333 - 35,333
Accrued expenses and other liabilities 680 - 680 - 680
Long-term debt 1,903 - 1,989 - 1,989
Total $ 132,355 $ - $ 132,441 $ - $ 132,441