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Receivables From And Payables To Brokers, Dealers And Clearing Organizations
 12 Months Ended
Dec. 31, 2021
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, 2021 and 2020, included (in thousands):

 

 

December 31,

 

 

 

2021

 

 

2020

 

Receivables from clearing organizations

 

$

278,482

 

 

$

229,070

 

Deposits paid for securities borrowed

 

 

260,586

 

 

 

313,131

 

Securities failed to deliver

 

 

35,188

 

 

 

7,291

 

 

 

$

574,256

 

 

$

549,492

 

Amounts payable to brokers, dealers, and clearing organizations at December 31, 2021 and 2020, included (in thousands):

 

 

December 31,

 

 

 

2021

 

 

2020

 

Deposits received from securities loaned

 

$

149,219

 

 

$

145,124

 

Securities failed to receive

 

 

64,170

 

 

 

7,273

 

Payable to clearing organizations

 

 

44,340

 

 

 

25,540

 

 

 

$

257,729

 

 

$

177,937

 

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.