FOCUS REPORT (FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT) PART II CSE 11

Transcription

1 FORM X-17A-5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION FOCUS REPORT (FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT) 11 (Please read instructions before preparing Form) This report is being filed pursuant to (Check Applicable Block(s)): 1) Rule 17a-5(a) X 16 2) Rule 17a-5(b) 17 3) Rule 17a ) Special request by designated examining authority 19 5) Other 26 NAME OF BROKER-DEALER ADDRESS OF PRINCIPAL PLACE OF BUSINESS (Do not use P.O. Box No.) ONE BRYANT PARK (No. and Street) 13 2 SEC. FILE NO FIRM ID NO FOR PERIOD BEGINNING (MM/DD/YY) 1/1/14 24 AND ENDING (MM/DD/YY) NEW YORK 21 NY (City) (State) (Zip Code) 25 NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT (Area code) - Telephone No. William E. Tirrell 3 (212) NAME(S) OF SUBSIDIARIES OR AFFILIATES CONSOLIDATED IN THIS REPORT OFFICIAL USE DOES RESPONDENT CARRY ITS OWN CUSTOMER ACCOUNTS? YES X 4 NO 41 CHECK HERE IF RESPONDENT IS FILING AN AUDITED REPORT 42 EXECUTION: The registrant/broker or dealer submitting this Form and its attachments and the person(s) by whom it is executed represent hereby that all information contained therein is true, correct and complete. It is understood that all required items, statements, and schedules are considered integral parts of this Form and that the submisson of any amendment represents that all unamended items, statements and schedules remain true, correct and complete as previously submitted. 27th January 15 Dated the day of 2 Manual Signatures of: 1) 2) 3) Principal Executive Officer or Managing Partner Principal Financial Officer or Partner Principal Operations Officer or Partner ATTENTION - Intentional misstatements or omissions of facts constitute Federal Criminal Violations. (See 18 U.S.C. 11 and 15 U.S.C. 78:f (a) ) FINRA

2 N 2 1 (MM/DD/YY) SEC FILE NO Consolidated 198 Unconsolidated X 199 ASSETS Allowable Nonallowable 1. Cash ,45, Cash segregated in compliance with federal and other regulations... 6,676,257, Receivable from brokers or dealers and clearing organizations: A. Failed to deliver: Requirements" ,41, ,651, B. Securities borrowed: 15,677,931, ,821,74, C. Omnibus accounts: ,796, D. Clearing Organizations: 1.Includable in "Formula for Reserve 28 12,92,473,89 29 E. Other... 1,259,499, Receivables from customers: A. Securities accounts: 1. Cash and fully secured accounts... 6,852,57, Partly secured accounts Unsecured Accounts B. Commodity accounts ,962, C. Allowance for doubtful accounts... ( ) 335 ( 5. Receivables from non-customers: A. Cash and fully secured accounts... 58,467,66 34 B. Partly secured and unsecured accounts Securities purchased under agreements to resell... 64,97,344, ,924,93 16,417, ,794, , ,4,19 ) 59 73,38 888,45,188 6,676,257,593 1,59,52,858 85,499,672, ,796,148 12,92,473,89 1,519,424,22 7,165,728,262 58,541,4 64,97,344, Derivative Receivables: ,15, ,15, Trade Date Receivable: Securities and spot commodities owned, at market value: Includes encumbered securities of... 2,993,313, ,51,132, ,51,132, Page 1

3 ASSETS (continued) Allowable Nonallowable 1. Securities owned not readily marketable: A. At Cost ,758,1, Other investments not readily marketable: A. At Cost B. At estimated fair value ,716, Securities borrowed under subordination agreements and partners' individual and capital securities accounts, at market value: A. Exempted securities B. Other Secured demand notesmarket value of collateral: A. Exempted securities B. Other Memberships in exchanges: A. Owned, at market value... 9,35,92 19 B. Owned at cost , C. Contributed for use of company, at market value Investment in and receivables from affiliates, subsidiaries and associated partnerships Property, furniture, equipment, leasehold improvements and rights under lease agreements: At cost (net of accumulated depreciation and amortization) Other Assets: A. Dividends and interest receivable... B. Free shipments... C. Loans and advances... D. Miscellaneous... E. Collateral accepted under SFAS F. SPE Assets TOTAL ASSETS ,298,16, ,359, ,878, ,655,172, ,885,464, ,12,276, ,136, ,46, ,223, ,656,413, ,758,1, ,716, , ,12,276, ,136, ,568,78, ,15,568, ,117,811, ,223,38, Page 2

4 LIABILITIES AND OWNERSHIP EQUITY Liabilities 19. Bank loans payable: A. Includable in "Formula for Reserve B. Other Securities sold under repurchase agreements. 21. Payable to brokers or dealers and clearing organizations: A. Failed to receive: Requirements"... B. Securities loaned: Requirements"... C. Omnibus accounts: Requirements"... D. Clearing organizations: Requirements"... E. Other Payable to customers: A. Securities accounts - including free credits 24. Derivative Payables: ,292, Trade Date Payable:... 42,42, Securities sold not yet purchased at market value - including arbitrage of ,21, ,446,66, Accounts payable and accrued liabilities and expenses: A. Drafts payable ,182, B. Accounts payable... 6,877,666, C. Income taxes payable D. Deferred income taxes E. Accrued expenses and other liabilities.. 2,138,734, F. Other G. Obligation to return securities... 9,655,172, H. SPE Liabilities... 1,885,464, ,628,11, ,36,2 337,89,735 2,328,572,721 28,61,328,299 12,7,972,625 8,91, ,237,338 1,68,338,429 of... 12,772,597, ,339,746, B. Commodities accounts... 13,698,73, Payable to non customers:... A. Securities accounts... 4,561,87, B. Commodities accounts... 2,587,197, Page 3

5 LIABILITIES AND OWNERSHIP EQUITY (continued) Liabilities 28. Notes and mortgages payable: A. Unsecured... B. Secured Liabilities subordinated to claims of general creditors: A. Cash borrowings: from outsiders Includes equity subordination(15c3-1(d)) of... 5,858,, 98 B. Securities borrowings, at market value:... from outsiders 99 C. Pursuant to secured demand note collateral agreements: from outsiders 1 2. Includes equity subordination(15c3-1(d)) of D. Exchange memberships contributed for use of company, at market value... E. Accounts and other borrowings not qualified for net capital purposes TOTAL LIABILITIES ,78,, ,534,611, Ownership Equity 31. Sole proprietorship Partnership - limited partners Corporation:... A. Preferred stock B. Common stock , C. Additional paid- in capital... 1,366,527, D. Retained Earnings... 5,322,24, E ,688,768, F. Less capital stock in treasury... ( ) TOTAL OWNERSHIP EQUITY... 15,688,768, TOTAL LIABILITIES AND OWNERSHIP EQUITY ,223,38, Page 4

6 COMPUTATION OF NET CAPITAL 1. ownership equity (from Statement of Financial Condition - Item 18) Deduct: Ownership equity not allowable for Net Capital... ( 3. ownership equity qualified for Net Capital Add: A. Liabilities subordinated to claims of general creditors allowable in computation of net capital... B. Other (deductions) or allowable credits (List) capital and allowable subordinated liabilities Deductions and/or charges: A. non-allowable assets from 15,688,768, ) ,688,768, ,78,, 27,766,768,83 Statement of Financial Condition (Notes B and C)... 16,117,811, Additional charges for customers' and non-customers' security accounts... 3,8, Additional charges for customers' and non-customers' commodity accounts B. Aged fail-to-deliver: ,92, number of items... 1, C. Aged short security differences-less reserve of number of items D. Secured demand note deficiency E. Commodity futures contracts and spot commodities - proprietary capital charges F. Other deductions and/or charges ,931, G. Deductions for accounts carried under Rule 15c3-1(a)(6), (a)(7) and (c)(2)(x) H. deductions and/or charges... ( 16,78,635,882 ) Other additions and/or allowable credits (List) Tentative Net Capital... 11,58,132, Market Risk Exposure... 1,379,279, Credit Risk Exposure... 1,259, Net Capital... 9,668,593, Page 5

7 COMPUTATION OF NET CAPITAL REQUIREMENT Part A 12. 2% of combined aggregate debit items as shown in Formula for Reserve Requirements pursuant to Rule 15c3-3 prepared the date of net capital computation including both brokers or dealers and consolidated subsidiaries' debits Minimum dollar net capital requirement of reporting broker or dealer and minimum net capital 1,297,544, requirement of subsidiaries ,97, Net capital requirement (greater of line 12 or 13)... 1,297,544, Excess net capital (line 11 less 14)... 8,371,49, Percentage of Net Capital to Aggregate Debits (line 11 divided by line 18 page 1)... % Percentage of Net Capital, after anticipated capital withdrawals, to Aggregate Debits item 11 less Item 488 page 19 divided by line 18 page 1)... % Net capital in excess of the greater of: 5% of combined aggregate debit items or 12% of minimum net capital requirement... 8,371,49, OTHER RATIOS Part B 19. Percentage of debt to debt-equity total computed in accordance with Rule 15c3-1 (d)... % Options deductions/net Capital ratio (1% test) total deductions exclusive of liquidating equity under Rule 15c3-1(a)(6), (a)(7) and (c)(2)(x) divided by Net Capital... % 3852 Page 6