Charles Schwab 2014 Annual Report Download - page 18

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THE CHARLES SCHWAB CORPORATION
Annual Report On Form 10-K
For Fiscal Year Ended December 31, 2014
TABLE OF CONTENTS
Part I
Item 1. Business 1
General Corporate Overview 1
Business Acquisitions 1
Business Strategy and Competitive Environment 2
Products and Services 2
Regulation 5
Sources of Net Revenues 6
Available Information 6
Item 1A. Risk Factors 7
Item 1B. Unresolved Securities and Exchange Commission Staff Comments 13
Item 2. Properties 14
Item 3. Legal Proceedings 14
Item 4. Mine Safety Disclosures 14
Part II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer
Purchases of Equity Securities 15
Item 6. Selected Financial Data 17
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations 18
Forward-Looking Statements 18
Overview 20
Current Market and Regulatory Environment and Other Developments 22
Results of Operations 24
Liquidity and Capital Resources 32
Risk Management 37
Fair Value of Financial Instruments 45
Critical Accounting Estimates 45
Item 7A. Quantitative and Qualitative Disclosures About Market Risk 48
Item 8. Financial Statements and Supplementary Data 50
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 96
Item 9A. Controls and Procedures 96
Item 9B. Other Information 96
Part III
Item 10. Directors, Executive Officers, and Corporate Governance 96
Item 11. Executive Compensation 98
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 98
Item 13. Certain Relationships and Related Transactions, and Director Independence 98
Item 14. Principal Accountant Fees and Services 98
Part IV
Item 15. Exhibits and Financial Statement Schedule 99
Exhibit Index 99
Signatures 103
Index to Financial Statement Schedule F-1