Receivables From and Payables to Brokers, Dealers, and Clearing Organizations

3 Months Ended

Mar. 31, 2023

Due to and from Broker-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, 2023 and December 31, 2022, included (in thousands):

	March 31, 2023		December 31, 2022
Receivables from clearing organizations	$	237,776	$	186,800
Deposits paid for securities borrowed		200,533		219,052
Securities failed to deliver		19,430		12,239
	$	457,739	$	418,091

Amounts payable to brokers, dealers, and clearing organizations at March 31, 2023 and December 31, 2022, included (in thousands):

	March 31, 2023		December 31, 2022
Deposits received from securities loaned	$	100,973	$	68,105
Securities failed to receive		23,461		12,385
Payable to clearing organizations		6,757		14,464
	$	131,191	$	94,954

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.