FAIR VALUE DISCLOSURES (Tables)

3 Months Ended

Sep. 30, 2013

Fair Value Measurements on Recurring Basis

The following table presents fair value measurements, as of September 30, 2013, for the three major categories of U.S. Global’s investments measured at fair value on a recurring basis:


	Fair Value Measurement using (in thousands)
	September 30, 2013
	Quoted Prices		Significant Other Inputs		Significant Unobservable Inputs		Total
	(Level 1)		(Level 2)		(Level 3)
Trading securities
Common stock	$	23	$	-	$	-	$	23
Offshore fund		-		902		-		902
Mutual funds		3,942		-		-		3,942

Total trading securities		3,965		902		-		4,867

Available-for-sale securities
Common stock		1,642		-		97		1,739
Venture capital investments		-		-		163		163
Offshore fund		-		4,778		-		4,778
Mutual funds		1,544		-		-		1,544

Total available-for-sale securities		3,186		4,778		260		8,224

Total Investments	$	7,151	$	5,680	$	260	$	13,091

Summary of Investments Measured at Fair Value on Recurring Basis

The following table presents additional information about investments measured at fair value on a recurring basis and for which the Company has utilized significant unobservable inputs to determine fair value:


Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis
	Three Months Ended September 30,
	2013				2012
(Dollars in Thousands)	Venture Capital Investments		Common Stock		Venture Capital Investments		Common Stock
Beginning Balance	$	163	$	95	$	168	$	-
Return of capital		-		-		-		-
Total gains or losses (realized/unrealized)
Included in earnings (investment income)		-		-		-		-
Included in other comprehensive income		-		2		-		-
Purchases, sales, issuances, and settlements		-		-		-		-
Transfers in and/or out of Level 3		-		-		-		-

Ending Balance	$	163	$	97	$	168	$	-

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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