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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
__________
FORM 10-Q
 
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended August 31, 2019
OR
 
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from                        to
Commission File Number 1-5721
JEFFERIES FINANCIAL GROUP INC.
(Exact name of registrant as specified in its Charter)
New York
13-2615557
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification Number)
 
 
 
 
520 Madison Avenue
New York,
New York
10022
(Address of principal executive offices)
(Zip Code)
(212) 460-1900
(Registrant’s telephone number, including area code)

N/A
(Former name, former address and former fiscal year, if changed since last report)
______________________
Securities registered or to be registered pursuant to Section 12(b) of the Act:

Title of each class
Trading Symbol(s)

Name of each exchange on which registered
 Common Shares, par value $1 per share
JEF
New York Stock Exchange
Indicate by check mark whether the registrant:  (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company.  See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer
 
Accelerated filer 
 
Non-accelerated filer    
 
 
 
 
 
 
 
 
Smaller reporting company  
 
Emerging growth company  
 
 
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No

The number of shares outstanding of each of the issuer’s classes of common stock at September 26, 2019 was 299,871,432.




PART I. FINANCIAL INFORMATION

Item 1. Financial Statements.
 
JEFFERIES FINANCIAL GROUP INC. AND SUBSIDIARIES
Consolidated Statements of Financial Condition
August 31, 2019 and November 30, 2018
(Dollars in thousands, except par value)
(Unaudited)
 
August 31,
2019
 
November 30, 2018
ASSETS
 
 
 
Cash and cash equivalents
$
6,011,350

 
$
5,258,809

Cash and securities segregated and on deposit for regulatory purposes or deposited with clearing and depository organizations
658,335

 
707,960

Financial instruments owned, at fair value (including securities pledged of $12,087,982 and $13,059,802):
 

 
 

Trading assets, at fair value
17,195,916

 
17,463,256

Available for sale securities

 
1,409,886

Total financial instruments owned
17,195,916


18,873,142

Loans to and investments in associated companies
2,346,297

 
2,417,332

Securities borrowed
7,895,149

 
6,538,212

Securities purchased under agreements to resell
4,499,995

 
2,785,758

Receivables
5,826,350

 
6,287,401

Intangible assets, net and goodwill
1,921,793

 
1,890,131

Deferred tax asset, net
509,772

 
512,789

Other assets
2,398,251