NOTE 7. Receivables from and Payables to Others

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

(In thousands)	2012		2011

Principal paydown—Agency mortgage-backed securities	$	5,744	$	4,468
Interest receivable		4,370		7,250
Loans and advances		234		280
Management fees receivable		189		140
Investment banking and advisory fees receivable		144		1,713
Others		1,882		2,310

Total receivables from others	$	12,563	$	16,161

Payable to employees for the Employee Investment Funds (Refer to Note 10)	$	941	$	972
Customer deposits held in escrow—ClearPoint		360		849
Draft payables		133		135
Others		817		1,287

Total payables to others	$	2,251	$	3,243

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.