Receivables From and Payables to Brokers, Dealers and Clearing Organizations

12 Months Ended

Dec. 31, 2023

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, 2023 and 2022, included (in thousands):

	December 31,
	2023		2022
Deposits paid for securities borrowed	$	215,368	$	219,052
Receivable from clearing organizations		178,991		186,800
Securities failed to deliver		19,785		12,239
	$	414,144	$	418,091

Amounts payable to brokers, dealers, and clearing organizations at December 31, 2023 and 2022, included (in thousands):

	December 31,
	2023		2022
Deposits received from securities loaned	$	135,693	$	68,105
Securities failed to receive		91,636		12,385
Payable to clearing organizations		4,407		14,464
	$	231,736	$	94,954

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.