Receivables from and Payables to Others

12 Months Ended

Dec. 31, 2011

Receivables from and Payables to Others

Receivables from and Payables to Others

NOTE 7. Receivables from and Payables to Others

        Amounts Receivable from or Payable to others consists of the following at December 31:

(In thousands)	2011		2010
Interest receivable	$	7,250	$	7,131
Principal paydowns—Agency mortgage-backed securities		4,468		1,052
Investment banking and advisory fees receivable		1,713		7,755
Loans and advances		280		1,007
Management fees receivable		140		119
Others		2,310		1,219
Total receivables from others	$	16,161	$	18,283
Payable to employees for the Employee Investment Funds (Refer to Note 10)	$	972	$	1,007
Customer deposits held in escrow—ClearPoint		849		—
Draft payables		135		978
Others		1,287		362
Total payables to others	$	3,243	$	2,347

        The Company maintains a group of "zero balance" bank accounts which are included in Payables to others on the Consolidated Statements of Financial Condition. Drafts payable represent the balance in these accounts related to outstanding checks that have not yet been presented for payment at the bank. The Company has sufficient funds on deposit to clear these checks, and these funds will be transferred to the "zero-balance" accounts upon presentment of these checks.