Receivables From And Payables To Brokers, Dealers And Clearing Organizations

6 Months Ended

Jun. 30, 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 June 30, 2012 and December 31, 2011, included (in thousands):

	June 30,		December 31,
	2012		2011
Deposits paid for securities borrowed	$	179,119	$	193,509
Receivable from clearing organizations		121,963		43,642
Securities failed to deliver		10,479		15,485
	$	311,561	$	252,636

Amounts payable to brokers, dealers, and clearing organizations at June 30, 2012 and December 31, 2011, included (in thousands):

	June 30,		December 31,
	2012		2011
Deposits received for securities loaned	$	151,313	$	124,711
Payable to clearing organizations		9,249		3,984
Securities failed to receive		8,526		11,216
	$	169,088	$	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.