Charles Schwab 2014 Annual Report Download - page 96

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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)
- 78 -
Financial Instruments Recorded at Fair Value
The following tables present the fair value hierarchy for assets measured at fair value. 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, 2014 (Level 1) (Level 2) (Level 3) Fair Value
Cash equivalents:
Money market funds $ 2,142 $ - $ - $ 2,142
Commercial paper - 32 - 32
Total cash equivalents 2,142 32 - 2,174
Investments segregated and on deposit for
regulatory purposes:
Certificates of deposit - 4,125 - 4,125
U.S. Government securities - 2,186 - 2,186
Total investments segregated and on deposit for
regulatory purposes - 6,311 - 6,311
Other securities owned:
Schwab Funds® money market funds 224 - - 224
Equity and bond mutual funds 215 - - 215
State and municipal debt obligations - 51 - 51
Equity, U.S. Government and corporate debt, and
other securities 2 24 - 26
Total other securities owned 441 75 - 516
Securities available for sale:
Asset-backed securities - 19,366 - 19,366
U.S. agency mortgage-backed securities - 18,717 - 18,717
Corporate debt securities - 8,045 - 8,045
U.S. agency notes - 3,795 - 3,795
Treasury securities - 2,994 - 2,994
Certificates of deposit - 1,534 - 1,534
Non-agency commercial mortgage-backed securities - 317 - 317
Other securities - 15 - 15
Total securities available for sale - 54,783 - 54,783
Total $ 2,583 $ 61,201 $ - $ 63,784