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Receivables From And Payables To Brokers, Dealers And Clearing Organizations
 9 Months Ended
Sep. 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 September 30, 2012 and December 31, 2011, included (in thousands):

 

 

 

 

 

 

 

 

September 30,

 

December 31,

 

2012

 

2011

 

 

 

 

 

 

Deposits paid for securities borrowed

$
173,434 

 

$
193,509 

Receivable from clearing organizations

 
7,984 

 

 
43,642 

Securities failed to deliver

 
31,329 

 

 
15,485 

 

$
212,747 

 

$
252,636 

 

 

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

 

 

 

 

 

 

 

September 30,

 

December 31,

 

2012

 

2011

 

 

 

 

 

 

Deposits received for securities loaned

$
89,634 

 

$
124,711 

Payable to clearing organizations

 
8,664 

 

 
3,984 

Securities failed to receive

 
25,783 

 

 
11,216 

 

$
124,081 

 

$
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.