Regulatory Requirements (Tables)

3 Months Ended

Mar. 31, 2018

Regulatory Capital Requirements [Abstract]

Schedule Of Subsidiary Compliance With Regulatory Capital Requirements

The following table presents a summary of the minimum net capital requirements and excess capital for the Company’s broker-dealer and FCM subsidiaries (dollars in millions):



	Required Net Capital		Net Capital		Excess Net Capital
March 31, 2018:
E*TRADE Securities⁽¹⁾	$	240	$	1,283	$	1,043
E*TRADE Futures	1		26		25
International broker-dealer	—		19		19
Total	$	241	$	1,328	$	1,087
December 31, 2017:
E*TRADE Securities	$	211	$	1,213	$	1,002
E*TRADE Futures	4		19		15
International broker-dealer	—		19		19
Total	$	215	$	1,251	$	1,036


(1)	E*TRADE Securities paid dividends of $125 million to the parent company during the three months ended March 31, 2018 and $100 million in May 2018.

Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations

E*TRADE Financial, E*TRADE Bank and E*TRADE Savings Bank were categorized as "well capitalized" under the regulatory framework for prompt corrective action for the periods presented in the following table (dollars in millions):



	March 31, 2018										December 31, 2017
	Actual				Well Capitalized Minimum Capital				Excess Capital		Actual				Well Capitalized Minimum Capital				Excess Capital
	Amount		Ratio		Amount		Ratio		Amount		Amount		Ratio		Amount		Ratio		Amount
E*TRADE Financial⁽¹⁾
Tier 1 leverage	$	4,493	7.3	%	$	3,096	5.0	%	$	1,397	$	4,386	7.4	%	$	2,976	5.0	%	$	1,410
Common equity Tier 1 capital	$	3,804	35.0	%	$	706	6.5	%	$	3,098	$	3,773	33.9	%	$	722	6.5	%	$	3,051
Tier 1 risk-based capital	$	4,493	41.4	%	$	868	8.0	%	$	3,625	$	4,386	39.5	%	$	889	8.0	%	$	3,497
Total risk-based capital	$	4,965	45.7	%	$	1,086	10.0	%	$	3,879	$	4,874	43.8	%	$	1,111	10.0	%	$	3,763
E*TRADE Bank⁽¹⁾
Tier 1 leverage	$	3,793	7.6	%	$	2,498	5.0	%	$	1,295	$	3,620	7.6	%	$	2,394	5.0	%	$	1,226
Common equity Tier 1 capital	$	3,793	37.4	%	$	659	6.5	%	$	3,134	$	3,620	35.7	%	$	660	6.5	%	$	2,960
Tier 1 risk-based capital	$	3,793	37.4	%	$	811	8.0	%	$	2,982	$	3,620	35.7	%	$	812	8.0	%	$	2,808
Total risk-based capital	$	3,851	38.0	%	$	1,013	10.0	%	$	2,838	$	3,694	36.4	%	$	1,015	10.0	%	$	2,679
E*TRADE Savings Bank⁽¹⁾
Tier 1 leverage	$	1,522	30.4	%	$	250	5.0	%	$	1,272	$	904	26.6	%	$	170	5.0	%	$	734
Common equity Tier 1 capital	$	1,522	145.6	%	$	68	6.5	%	$	1,454	$	904	111.1	%	$	53	6.5	%	$	851
Tier 1 risk-based capital	$	1,522	145.6	%	$	84	8.0	%	$	1,438	$	904	111.1	%	$	65	8.0	%	$	839
Total risk-based capital	$	1,522	145.6	%	$	105	10.0	%	$	1,417	$	905	111.2	%	$	81	10.0	%	$	824

(1)

Basel III includes a capital conservation buffer that limits a banking organization’s ability to make capital distributions and discretionary bonus payments to executive officers if a banking organization fails to maintain a Common Equity Tier 1 capital conservation buffer of more than 2.5%, on a fully phased-in basis, of total risk-weighted assets above each of the following minimum risk-based capital ratio requirements: Common Equity Tier 1 capital (4.5%), Tier 1 (6.0%), and total risk-based capital (8.0%). This requirement was effective beginning on January 1, 2016, and will be fully phased-in by 2019. See Part I. Item 1. Business—Regulation in our Annual Report on Form 10-K for the year ended December 31, 2017 for additional information.