Short-Term Borrowings	6 Months Ended
Jun. 30, 2011
Short-Term Borrowings
Short-Term Borrowings	NOTE 11 - Short-Term Borrowings Our short-term financing is generally obtained through short-term bank line financing on a secured basis, uncommitted short-term bank line financing on an unsecured basis and securities lending arrangements. We borrow from various banks on a demand basis with company-owned and customer securities pledged as collateral. The value of customer-owned securities used as collateral is not reflected in the consolidated statements of financial condition. We maintain available ongoing credit arrangements with banks that provided a peak daily borrowing of $340.4 million during the six months ended June 30, 2011. There are no compensating balance requirements under these arrangements. At June 30, 2011, short-term borrowings from banks were $230.4 million at an average rate of 1.08%, which were collateralized by company-owned securities valued at $287.8 million. At December 31, 2010, short-term borrowings from banks were $109.6 million at an average rate of 1.05%, which were collateralized by company-owned securities valued at $162.6 million. The average bank borrowing was $206.0 million and $126.8 million for the three months ended June 30, 2011 and 2010, respectively, at weighted average daily interest rates of 0.95% and 1.03%, respectively. The average bank borrowing was $187.7 million and $116.6 million for the six months ended June 30, 2011 and 2010, respectively, at weighted average daily interest rates of 1.10% and 1.02%, respectively. At June 30, 2011 and December 31, 2010, Stifel Nicolaus had a stock loan balance of $115.0 million and $27.9 million, respectively, at weighted average daily interest rates of 0.33% and 0.26%, respectively. The average outstanding securities lending arrangements utilized in financing activities were $121.8 million and $62.6 million during the three months ended June 30, 2011 and 2010, respectively, at weighted average daily effective interest rates of 1.36% and 1.53%, respectively. The average outstanding securities lending arrangements utilized in financing activities were $110.2 million and $49.5 million during the six months ended June 30, 2011 and 2010, respectively, at weighted average daily effective interest rates of 1.35% and 1.66%, respectively. Customer-owned securities were utilized in these arrangements.

Short-Term Borrowings

6 Months Ended

Jun. 30, 2011

NOTE 11 - Short-Term Borrowings

Our short-term financing is generally obtained through short-term bank line financing on a secured basis, uncommitted short-term bank line financing on an unsecured basis and securities lending arrangements. We borrow from various banks on a demand basis with company-owned and customer securities pledged as collateral. The value of customer-owned securities used as collateral is not reflected in the consolidated statements of financial condition. We maintain available ongoing credit arrangements with banks that provided a peak daily borrowing of $340.4 million during the six months ended June 30, 2011. There are no compensating balance requirements under these arrangements.

At June 30, 2011, short-term borrowings from banks were $230.4 million at an average rate of 1.08%, which were collateralized by company-owned securities valued at $287.8 million. At December 31, 2010, short-term borrowings from banks were $109.6 million at an average rate of 1.05%, which were collateralized by company-owned securities valued at $162.6 million. The average bank borrowing was $206.0 million and $126.8 million for the three months ended June 30, 2011 and 2010, respectively, at weighted average daily interest rates of 0.95% and 1.03%, respectively. The average bank borrowing was $187.7 million and $116.6 million for the six months ended June 30, 2011 and 2010, respectively, at weighted average daily interest rates of 1.10% and 1.02%, respectively.

At June 30, 2011 and December 31, 2010, Stifel Nicolaus had a stock loan balance of $115.0 million and $27.9 million, respectively, at weighted average daily interest rates of 0.33% and 0.26%, respectively. The average outstanding securities lending arrangements utilized in financing activities were $121.8 million and $62.6 million during the three months ended June 30, 2011 and 2010, respectively, at weighted average daily effective interest rates of 1.36% and 1.53%, respectively. The average outstanding securities lending arrangements utilized in financing activities were $110.2 million and $49.5 million during the six months ended June 30, 2011 and 2010, respectively, at weighted average daily effective interest rates of 1.35% and 1.66%, respectively. Customer-owned securities were utilized in these arrangements.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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