Financial Instruments Owned and Financial Instruments Sold, But Not Yet Purchased (Tables)

9 Months Ended

Sep. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Components of Trading Securities Owned and Trading Securities Sold, But Not Yet Purchased

The components of financial instruments owned and financial instruments sold, but not yet purchased, at September 30, 2022 and December 31, 2021 are as follows (in thousands):

	September 30, 2022		December 31, 2021
Financial instruments owned:
U.S. government securities	$	40,140	$	10,774
U.S. government agency securities		137,765		143,793
Agency mortgage-backed securities		241,377		335,050
Asset-backed securities		124,339		132,087
Corporate securities:
Fixed income securities		219,271		255,999
Equity securities		44,103		75,056
State and municipal securities		113,846		162,335
Other (1)		76,845		41,910
	$	997,686	$	1,157,004
Financial instruments sold, but not yet purchased:
U.S. government securities	$	378,885	$	377,023
U.S. government agency securities		31,076		37,395
Agency mortgage-backed securities		78,025		156,628
Corporate securities:
Fixed income securities		129,110		153,852
Equity securities		15,794		28,482
Other (2)		4,824		2,770
	$	637,714	$	756,150

(1) Includes loans, non-agency mortgage-backed securities, and sovereign debt.

(2) Includes loans, state and municipal securities, and sovereign debt.