Receivables From and Payables to Brokers, Dealers and Clearing Organizations

9 Months Ended

Sep. 30, 2011

Receivables From and Payables to Brokers, Dealers and Clearing Organizations

Receivables From and Payables to Brokers, Dealers and Clearing Organizations

NOTE 4 - Receivables From and Payables to Brokers, Dealers and Clearing Organizations

Amounts receivable from brokers, dealers, and clearing organizations at September 30, 2011 and December 31, 2010, included (in thousands):

	September 30, 2011		December 31,  2010
Deposits paid for securities borrowed	$	171,033	$	94,709
Securities failed to deliver		56,304		74,991
Receivable from clearing organizations		8,613		78,007
	$	235,950	$	247,707

Amounts payable to brokers, dealers, and clearing organizations at September 30, 2011 and December 31, 2010, included (in thousands):

	September 30, 2011		December 31,  2010
Deposits received from securities loaned	$	119,533	$	27,907
Securities failed to receive		19,355		78,499
Payable to clearing organizations		4,522		8,463
	$	143,410	$	114,869

Deposits paid for securities borrowed approximate the market value of the securities. Securities failed to deliver and receive represent the contract value of securities that have not been delivered or received on settlement date.