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Receivables From And Payables To Brokers, Dealers And Clearing Organizations
 12 Months Ended
Dec. 31, 2012
Receivables From And Payables To Brokers, Dealers And Clearing Organizations [Abstract]  
Receivables From And Payables To Brokers, Dealers And Clearing Organizations

NOTE 5 – Receivables From and Payables to Brokers, Dealers and Clearing Organizations

Amounts receivable from brokers, dealers, and clearing organizations at December 31, 2012 and 2011, included (in thousands):

 

 

 

 

 

 

 

 

December 31,

 

2012

 

2011

 

 

 

 

 

 

Deposits paid for securities borrowed

$
153,819 

 

$
193,509 

Receivable from clearing organizations

 
115,996 

 

 
43,642 

Securities failed to deliver

 
6,409 

 

 
15,485 

 

$
276,224 

 

$
252,636 

 

 

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

 

 

 

 

 

 

 

December 31,

 

2012

 

2011

 

 

 

 

 

 

Deposits received from securities loaned

$
19,218 

 

$
124,711 

Payable to clearing organizations

 
9,246 

 

 
3,984 

Securities failed to receive

 
4,747 

 

 
11,216 

 

$
33,211 

 

$
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.