TIAA 2015 Annual Report Download

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TIAA-CREF Individual &
Institutional Services, LLC
Statement of Financial Condition (Unaudited)
June 30, 2015

Table of contents

  • Page 1
    TIAA-CREF Individual & Institutional Services, LLC Statement of Financial Condition (Unaudited) June 30, 2015

  • Page 2
    TIAA-CREF Individual & Institutional Services, LLC Index June 30, 2015 Page(s) Financial Statement Statement of Financial Condition (Unaudited) ...1 Notes to Statement of Financial Condition (Unaudited) ...2-6

  • Page 3
    TIAA-CREF Individual & Institutional Services, LLC Statement of Financial Condition (Unaudited) June 30, 2015 Assets Cash Cash segregated under regulatory requirements Advisory fees receivable Receivable from clearing broker Due from affiliated entities Receivable from Non-proprietary funds Other ...

  • Page 4
    ...with TIAA to offer direct sales of selected mutual fund investments ("Non-proprietary Funds") to customers of TIAA. Services receives distribution fees on the sale of these nonproprietary mutual funds. Services maintains a Phone Center and Field Support Agreement with TIAA-CREF Tuition Financing Inc...

  • Page 5
    ... Any investments owned are carried at fair value and held at State Street Bank and Trust Company or Pershing LLC. 3. New Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09 Revenue from Contracts with Customers...

  • Page 6
    ... tax return of TIAA. The IRS completed its examination of TIAA's tax returns for the 2007 through 2009 tax years in 2015 with no adjustments to Services. 6. Special Reserve Bank Account Cash of $53,887,189, which is recorded on the Statement of Financial Condition as cash segregated under regulatory...

  • Page 7
    ... of variable annuity contracts by College Retirement Equities Fund ("CREF") and for the distribution activities on behalf of the TIAA Real Estate Account ("REA"). Such activities performed by Services are at cost, pursuant to a Principal Underwriting and Administrative Services Agreement with CREF...

  • Page 8
    TIAA-CREF Individual & Institutional Services, LLC Notes to Statement of Financial Condition (Unaudited) June 30, 2015 Services distributes shares of various affiliated mutual funds, tuition savings plans and insurance products on a retail basis under agreements with TPIS, TFI, T-C Life, and TIAA. ...