Receivables From and Payables to Brokers, Dealers and Clearing Organizations

12 Months Ended

Dec. 31, 2011

Receivables From and Payables to Brokers, Dealers and Clearing Organizations

Receivables From and Payables to Brokers, Dealers and Clearing Organizations

NOTE 5 – Receivables From and Payables to Brokers, Dealers and Clearing Organizations

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

	December 31,  2011		December 31,  2010
Deposits paid for securities borrowed	$	193,509	$	94,709
Receivable from clearing organizations		43,642		78,007
Securities failed to deliver		15,485		74,991
	$	252,636	$	247,707

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

	December 31,  2011		December 31,  2010
Deposits received from securities loaned	$	124,711	$	27,907
Securities failed to receive		11,216		78,499
Payable to clearing organizations		3,984		8,463
	$	139,911	$	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.