Receivables From And Payables To Brokers, Dealers And Clearing Organizations

3 Months Ended

Mar. 31, 2012

Receivables From And Payables To Brokers, Dealers And Clearing Organizations [Abstract]

Receivables From And Payables To Brokers, Dealers And Clearing Organizations

NOTE 3 – Receivables From and Payables to Brokers, Dealers and Clearing Organizations

Amounts receivable from brokers, dealers, and clearing organizations at March 31, 2012 and December 31, 2011, included (in thousands):

	March 31,2012		December 31,2011
Deposits paid for securities borrowed	$	200,734	$	193,509
Receivable from clearing organizations		14,188		43,642
Securities failed to deliver		22,336		15,485
	$	237,258	$	252,636

Amounts payable to brokers, dealers, and clearing organizations at March 31, 2012 and December 31, 2011, included (in thousands):

	March 31,2012		December 31,2011
Deposits received from securities loaned	$	141,101	$	124,711
Securities failed to receive		24,791		11,216
Payable to clearing organizations		3,545		3,984
	$	169,437	$	139,911

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.