Receivables from and Payables to Others

3 Months Ended

Mar. 31, 2012

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)	March 31, 2012		December 31, 2011
Interest receivable	$	6,363	$	7,250
Principal paydowns — Agency mortgage-backed securities	3,901		4,468
Investment banking and advisory fees receivable	1,201		1,713
Receivable from customers	1,092		—
Loans and advances	332		280
Management fees receivable	163		140
Others	2,312		2,310
Total receivables from others	$	15,364	$	16,161
Payable to employees for the Employee Investment Funds (Refer to Note 10)	$	947	$	972
Customer deposits held in escrow — ClearPoint	801		849
Draft payables	404		135
Others	1,621		1,287
Total payables to others	$	3,773	$	3,243

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