Schwab Reports Monthly Activity Highlights

Business Wire, June 12, 2009

SAN FRANCISCO -- The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of May 2009 include:

• Net new assets brought to the company by new and existing clients in May 2009 totaled $7.5�billion.
• Total client assets were $1.220�trillion as of month-end May, down 17% from May 2008 and up 5% from April 2009.
• Client daily average trades were 370.9�thousand in May 2009, up 22% from May 2008 and up 1% from April 2009.

The SMART report can be viewed with its accompanying 12-month data at http://www.aboutschwab.com/investor/financials/financial_reports.html

About Charles Schwab

The Charles Schwab Corporation (Nasdaq:SCHW) is a leading provider of financial services, with more than 300�offices and 7.5�million client brokerage accounts, 1.5�million corporate retirement plan participants, 567,000�banking accounts, and $1.2�trillion in client assets. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, http://www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through its Advisor Services division. The Charles Schwab Bank (member FDIC) provides banking and mortgage services and products. More information is available at www.schwab.com.