6. SECURITIES OWNED AND SECURITIES SOLD, NOT YET PURCHASED

Securities owned and securities sold, not yet purchased at June 30, 2013 and June 29, 2012 consisted of the following (in thousands):



	2013	2012
Securities owned:
Corporate equity securities	$ 1,520	$ 1,312
Municipal obligations	30,116	117,868
U.S. government and government agency obligations	41,529	41,329
Corporate obligations	127,899	59,092
Other	8,569	11,550
	$ 209,633	$ 231,151

Securities sold, not yet purchased:
Municipal obligations	$ 10	$ -
U.S. government and government agency obligations	54,086	30,462
Corporate obligations	80,639	39,348
Other	-	345
	$ 134,735	$ 70,155

Securities owned and securities sold, not yet purchased are carried at fair value. See additional discussion in Note 1 (x), Fair Value of Financial Instruments.

Some of these securities were pledged to secure short-term borrowings (see Note 13, Short-Term Borrowings) and as security deposits at clearing organizations for the Company’s clearing business. At June 30, 2013 and June 29, 2012, securities pledged as security deposits at clearing organizations were $3,000,000 and $1,850,000, respectively.