Cash and Securities Segregated Under Federal Regulations and Other Requirements

3 Months Ended

Mar. 31, 2013

Cash and Securities Segregated Under Federal Regulations and Other Requirements [Abstract]

Cash and Securities Segregated Under Federal Regulations and Other Requirements

7.Cash and Securities Segregated Under Federal Regulations and Other Requirements

As of March 31, 2013 and December 31, 2012, $1.1 billion and $1.5 billion, respectively, of United States Treasury Bills were segregated in a special reserve bank custody account for the exclusive benefit of brokerage customers of Sanford C. Bernstein & Co., LLC (a wholly-owned subsidiary of AllianceBernstein, "SCB LLC") under Rule 15c3-3 of the Exchange Act.

AllianceBernstein Investments, Inc. ("AllianceBernstein Investments"), a wholly-owned subsidiary of AllianceBernstein and the distributor of company-sponsored mutual funds, maintains several special bank accounts for the exclusive benefit of customers. As of March 31, 2013 and December 31, 2012, $17.4 million and $42.2 million, respectively, of cash was segregated in these bank accounts.