The Charles Schwab Corporation (the Company) is filing this Current Report on Form 8-K for the purpose of conforming certain of its historical segment information to reflect the combination of the Company's Schwab Institutional and Schwab Corporate and Retirement Services segments into a single business unit called Institutional Services. The Company's segments are as follows: Investor Services and Institutional Services. This segment change was made in the first quarter of 2009 in accordance with the provisions of Statement of Financial Accounting Standards No. 131, Disclosures about Segments of an Enterprise and Related Information, and reflects the manner in which the Company currently manages its business.

Additionally, the Company adopted FASB Staff Position (FSP) on Emerging Task Force (EITF) Issue 03-6-1 (FSP EITF 03-6-1) - Determining Whether Instruments Granted in Share-Based Payment Transactions Are Participating Securities, on January 1, 2009. This FSP requires the inclusion of unvested share-based payments awards with non-forfeitable rights to dividends or dividend equivalents as participating securities in the computation of earnings per share (EPS) under the two-class method described in SFAS No. 128 - Earnings Per Share. This FSP requires retrospective adjustment to all prior-period EPS data presented. The Company does have participating securities in the form of unvested restricted common shares related to the Company's stock incentive plans. The adoption of this FSP did not change any of the previously reported EPS data in the Company's Annual Report on Form 10-K for the year ended December 31, 2008, except for the years ended December 31, 2007 and 2006 as shown in bold face in the following table.

For the Year Ended December 31,                              2007                         2006
                                                                     As                           As
                                                       As        Previously        As         Previously
                                                    Adjusted      Reported      Adjusted       Reported
EPS - Basic:
Income from continuing operations                  $      .93    $       .93    $     .70    $        .70
Income from discontinued operations, net of tax    $     1.05    $      1.06    $     .26    $        .27
Net income                                         $     1.98    $      1.99    $     .96    $        .97

EPS - Diluted:
Income from continuing operations                  $      .92    $       .92    $     .69    $        .69
Income from discontinued operations, net of tax    $     1.04    $      1.05    $     .26    $        .26
Net income                                         $     1.96    $      1.97    $     .95    $        .95

This Current Report on Form 8-K updates the following items in the Company's Annual Report on Form 10-K for the year ended December 31, 2008 to reflect the segment change and the impact of FSP EITF 03-6-1 on EPS:

Form 10-K:

Item 1. Business (revisions to segment information)

Item 6. Selected Financial Data (revisions to EPS data)

Item 8. Financial Statements and Supplementary Data (revisions to the
Consolidated Statements of Income and Notes 2, 19, and 27 for EPS data and revisions to Notes 21 and 23 for segment information)

The information in this Current Report on Form 8-K is deemed incorporated by reference into the Company's registration statements filed under the Securities Exchange Act of 1933, as amended.