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Strategies & Market Trends : US Economic Trend Analysis

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To: Drygulch Dan who wrote (79)	9/22/2008 8:30:44 PM
From: gpowell	Read Replies (1) of 97

If I were a customer of Schwab Bank, I would ensure all my accounts were within FDIC limits. Everything Schwab reports about themselves looks good, but they do hold about 15.5 billion in mortgage related assets (7.6 billion in MBS issued or guaranteed by FNMA, FHLMC, or GNMA) against total assets of $21.6 billion. This is what they say about their asset portfolio: * $21.6 billion in assets * Strong credit quality of the Bank's portfolio of mortgages and HELOCs * Payment delinquencies representing a very small fraction of outstanding loan balances (less than one-half of 1 percent), substantially less than the national average delinquency rate of over 6.4%. * High-quality investment portfolio, including U.S. agency and non-agency mortgage-backed securities, corporate debt securities, asset-backed securities, and long-term certificates of deposit. No subprime securities or collateralized debt obligations (CDOs).

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