Receivables From and Payables to Brokers, Dealers and Clearing Organizations

12 Months Ended

Dec. 31, 2022

Due to and from Broker-Dealers and Clearing Organizations [Abstract]

Receivables From And Payables To Brokers, Dealers And Clearing Organizations

NOTE 4 – Receivables From and Payables to Brokers, Dealers, and Clearing Organizations

Amounts receivable from brokers, dealers, and clearing organizations at December 31, 2022 and 2021, included (in thousands):

	December 31,
	2022		2021
Deposits paid for securities borrowed	$	219,052	$	260,586
Receivables from clearing organizations		186,800		278,482
Securities failed to deliver		12,239		35,188
	$	418,091	$	574,256

Amounts payable to brokers, dealers, and clearing organizations at December 31, 2022 and 2021, included (in thousands):

	December 31,
	2022		2021
Deposits received from securities loaned	$	68,105	$	149,219
Payable to clearing organizations		14,464		44,340
Securities failed to receive		12,385		64,170
	$	94,954	$	257,729

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.