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Receivables From And Payables To Brokers, Dealers And Clearing Organizations
 12 Months Ended
Dec. 31, 2019
Due To And From Broker Dealers And Clearing Organizations [Abstract]  
Receivables From And Payables To Brokers, Dealers And Clearing Organizations

NOTE 4 – Receivables From and Payables to Brokers, Dealers, and Clearing Organizations

Amounts receivable from brokers, dealers, and clearing organizations at December 31, 2019 and 2018, included (in thousands):

 

 

December 31,

 

 

 

2019

 

 

 

2018

 

Receivables from clearing organizations

 

$

471,122

 

 

$

320,277

 

Deposits paid for securities borrowed

 

 

135,373

 

 

 

109,795

 

Securities failed to deliver

 

 

21,295

 

 

 

85,502

 

 

 

$

627,790

 

 

$

515,574

 

Amounts payable to brokers, dealers, and clearing organizations at December 31, 2019 and 2018, included (in thousands):

 

 

December 31,

 

 

 

2019

 

 

 

2018

 

Deposits received from securities loaned

 

$

608,333

 

 

$

392,163

 

Payable to clearing organizations

 

 

78,702

 

 

 

12,161

 

Securities failed to receive

 

 

25,256

 

 

 

27,975

 

 

 

$

712,291

 

 

$

432,299

 

Deposits paid for securities borrowed approximate the market value of the securities. Securities failed to deliver and receive represent the contract value of securities that have not been delivered or received on settlement date.