Receivables from and Payables to Others

9 Months Ended

Sep. 30, 2011

Receivables from and Payables to Others

Receivables from and Payables to Others

7.        Receivables from and Payables to Others

Amounts Receivable from and Payable to others consist of the following:

(In thousands of dollars)	September 30, 2011		December 31, 2010
Interest receivable	$	7,550	$	7,131
Principal paydowns — Agency mortgage-backed securities	4,245		1,052
Investment banking and advisory fees receivable	1,467		7,755
Loans and advances	512		1,007
Management fees receivable	145		119
Others	1,298		1,219
Total receivables from others	$	15,217	$	18,283
Payable to employees for the Employee Investment Funds (see Note 10)	$	977	$	1,007
Customer deposits held in escrow — ClearPoint	402		—
Draft payables	251		978
Others	1,243		362
Total payables to others	$	2,873	$	2,347

The Company maintains a group of “zero balance” bank accounts which are included in Payable to others in 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.