NOTE 4 – TRADING INSTRUMENTS AND TRADING INSTRUMENTS SOLD BUT NOT YET PURCHASED

	June 30, 2011				September 30, 2010
	Trading Instruments		Instruments Sold but Not Yet Purchased		Trading Instruments		Instruments Sold but Not Yet Purchased
	(in thousands)

Municipal and provincial obligations	$	184,097	$	720	$	168,353	$	296
Corporate obligations		37,151		1,610		38,471		693
Government and agency obligations		41,366		173,371		36,894		99,631
Agency MBS and CMOs		232,217		5		278,578		105
Non-agency CMOs and ABS		12,806		-		8,297		-
Total debt securities		507,637		175,706		530,593		100,725

Derivative contracts		21,870		262		26,367		1,649
Equity securities		34,131		19,675		31,644		28,664
Other securities		11,439		150		2,843		-
Total	$	575,077	$	195,793	$	591,447	$	131,038

Auction rate securities totaling $7.4 million and $9.1 million at June 30, 2011 and September 30, 2010, respectively, are included predominately within the municipal and provincial obligations presented in the table above. There were no auction rate securities in trading instruments sold but not yet purchased as of either June 30, 2011 or September 30, 2010. See Note 13 for additional information regarding auction rate securities matters.

See Note 3 for additional information regarding the fair value of trading instruments and trading instruments sold but not yet purchased.