Receivables From and Payables to Brokers, Dealers and Clearing Organizations

12 Months Ended

Dec. 31, 2024

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, 2024 and 2023, included (in thousands):

	December 31,
	2024		2023
Deposits paid for securities borrowed	$	269,831	$	215,368
Receivable from clearing organizations		201,748		178,991
Securities failed to deliver		14,886		19,785
	$	486,465	$	414,144

Amounts payable to brokers, dealers, and clearing organizations at December 31, 2024 and 2023, included (in thousands):

	December 31,
	2024		2023
Deposits received from securities loaned	$	178,928	$	135,693
Securities failed to receive		25,010		91,636
Payable to clearing organizations		11,311		4,407
	$	215,249	$	231,736

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.