Murphy Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
BASF SE SPONSORED ADR	ADR	055262505	588	5,050	SH		SOLE		0	0	5,050
BAYER A G SPONSORED ADR	ADR	072730302	3,209	22,720	SH		SOLE		0	0	22,720
DAIMLER AG SPONSORED ADR	ADR	233825108	210	2,250	SH		SOLE		0	0	2,250
DIAGEO ADR	ADR	25243Q205	1,485	11,670	SH		SOLE		0	0	11,670
NESTLE S A SPONSORED ADR	ADR	641069406	6,703	86,310	SH		SOLE		0	0	86,310
ROCHE HLDG LTD SPONSORED ADR	ADR	771195104	1,270	34,050	SH		SOLE		0	0	34,050
SHIRE PLC SPONSORED ADR	ADR	82481R106	1,932	8,205	SH		SOLE		0	0	8,205
SHIRE PLC SPONSORED ADR	ADR	82481R106	141	600	SH		OTR		0	0	600
UNILEVER PLC ADR	ADR	904767704	995	21,964	SH		SOLE		0	0	21,964
ACCESS MIDSTREAM PARTN UNIT	COM	00434L109	425	6,700	SH		SOLE		0	0	6,700
ACTAVIS PLC SHS	COM	G0083B108	546	2,450	SH		SOLE		0	0	2,450
AETNA	COM	00817Y108	430	5,310	SH		SOLE		0	0	5,310
AETNA	COM	00817Y108	97	1,200	SH		OTR		0	0	1,200
AFLAC	COM	001055102	3,030	48,686	SH		SOLE		0	0	48,686
AFLAC	COM	001055102	46	750	SH		OTR		0	0	750
AIR PRODUCTS & CHEMICALS	COM	009158106	1,463	11,375	SH		SOLE		0	0	11,375
ALLEGION PUB LTD CO ORD SHS	COM	G0176J109	689	12,170	SH		SOLE		0	0	12,170
ALLIANT ENERGY	COM	018802108	237	3,900	SH		SOLE		0	0	3,900
ALPS ETF TR ALERIAN MLP	COM	00162Q866	1,143	60,170	SH		SOLE		0	0	60,170
ALTRIA GROUP	COM	02209S103	5,395	128,646	SH		SOLE		0	0	128,646
ALTRIA GROUP	COM	02209S103	25	600	SH		OTR		0	0	600
AMAZON	COM	023135106	5,191	15,985	SH		SOLE		0	0	15,985
AMERICAN ELECTRIC POWER	COM	025537101	485	8,700	SH		SOLE		0	0	8,700
AMERICAN EXPRESS	COM	025816109	3,545	37,368	SH		SOLE		0	0	37,368
AMERICAN INTL GROUP COM NEW	COM	026874784	5,291	96,941	SH		SOLE		0	0	96,941
AMERICAN STATES WATER	COM	029899101	475	14,300	SH		SOLE		0	0	14,300
AMERICAN TOWER REIT COM	COM	03027X100	391	4,350	SH		SOLE		0	0	4,350
AMERICAN WTR WKS CO IN COM	COM	030420103	593	12,000	SH		SOLE		0	0	12,000
AMGEN	COM	031162100	1,500	12,673	SH		SOLE		0	0	12,673
AMGEN	COM	031162100	301	2,550	SH		OTR		0	0	2,550
ANADARKO PETROLEUM	COM	032511107	1,125	10,285	SH		SOLE		0	0	10,285
APPLE COMPUTER	COM	037833100	24,881	267,739	SH		SOLE		0	0	267,739
ARENA PHARMACEUTICALS COM	COM	040047102	263	45,000	SH		SOLE		0	0	45,000
ARES CAP CORP COM	COM	04010L103	217	12,179	SH		SOLE		0	0	12,179
AT&T, INC.	COM	00206R102	5,709	161,473	SH		SOLE		0	0	161,473
AT&T, INC.	COM	00206R102	273	7,733	SH		OTR		0	0	7,733
ATMOS ENERGY	COM	049560105	419	7,855	SH		SOLE		0	0	7,855
AUTOMATIC DATA PROCESSING	COM	053015103	241	3,050	SH		SOLE		0	0	3,050
BAIDU.COM ADS	COM	056752108	284	1,525	SH		SOLE		0	0	1,525
BAIDU.COM ADS	COM	056752108	28	150	SH		OTR		0	0	150
BANK OF AMERICA	COM	060505104	752	48,959	SH		SOLE		0	0	48,959
BARD (C.R.) INC	COM	067383109	221	1,551	SH		SOLE		0	0	1,551
BARD (C.R.) INC	COM	067383109	431	3,015	SH		OTR		0	0	3,015
BAXTER INTERNATIONAL	COM	071813109	2,223	30,754	SH		SOLE		0	0	30,754
BECTON DICKINSON	COM	075887109	1,188	10,050	SH		SOLE		0	0	10,050
BELL CANADA ENTERPRISES (NEW)	COM	05534B760	877	19,350	SH		SOLE		0	0	19,350
BERKSHIRE HATHAWAY INC CL B NE	COM	084670702	4,643	36,694	SH		SOLE		0	0	36,694
BERKSHIRE HATHAWAY INC CL B NE	COM	084670702	63	500	SH		OTR		0	0	500
BIOGEN IDEC INC	COM	09062X103	551	1,750	SH		SOLE		0	0	1,750
BIOLASE INC COM	COM	090911108	105	47,737	SH		SOLE		0	0	47,737
BIOTECHNOLOGY	COM	464287556	4,368	16,995	SH		SOLE		0	0	16,995
BIOTECHNOLOGY	COM	464287556	205	800	SH		OTR		0	0	800
BLACK HILLS	COM	092113109	460	7,500	SH		SOLE		0	0	7,500
BOEING	COM	097023105	6,807	53,504	SH		SOLE		0	0	53,504
BOEING	COM	097023105	25	200	SH		OTR		0	0	200
BORG WARNER	COM	099724106	228	3,500	SH		SOLE		0	0	3,500
BRISTOL MYERS SQUIBB	COM	110122108	2,421	49,916	SH		SOLE		0	0	49,916
BT GROUP PLC ADR	COM	05577E101	851	12,975	SH		SOLE		0	0	12,975
CANADIAN NATIONAL RAILWAY	COM	136375102	851	13,100	SH		SOLE		0	0	13,100
CANADIAN PACIFIC RAILWAY LTD	COM	13645T100	1,512	8,350	SH		SOLE		0	0	8,350
CANADIAN PACIFIC RAILWAY LTD	COM	13645T100	36	200	SH		OTR		0	0	200
CARDINAL HEALTH	COM	14149Y108	232	3,393	SH		SOLE		0	0	3,393
CATERPILLAR	COM	149123101	4,182	38,485	SH		SOLE		0	0	38,485
CELGENE	COM	151020104	3,529	41,100	SH		SOLE		0	0	41,100
CHENIERE ENERGY INC COM NEW	COM	16411R208	357	4,992	SH		SOLE		0	0	4,992
CHEVRON CORP	COM	166764100	7,196	55,127	SH		SOLE		0	0	55,127
CHEVRON CORP	COM	166764100	597	4,576	SH		OTR		0	0	4,576
CHICAGO BRIDGE & IRON	COM	167250109	361	5,300	SH		SOLE		0	0	5,300
CHINA GOLD CORP COM	COM	16938L106	0	140,000	SH		SOLE		0	0	140,000
CHUBB CORP	COM	171232101	3,236	35,109	SH		SOLE		0	0	35,109
CHUBB CORP	COM	171232101	46	500	SH		OTR		0	0	500
CIGNA	COM	125509109	1,405	15,280	SH		SOLE		0	0	15,280
CISCO SYSTEMS	COM	17275R102	751	30,229	SH		SOLE		0	0	30,229
CITIGROUP	COM	172967424	2,703	57,402	SH		SOLE		0	0	57,402
CLEARBRIDGE ENERGY MLP COM	COM	184692101	1,734	58,115	SH		SOLE		0	0	58,115
CLOROX COMPANY	COM	189054109	370	4,050	SH		SOLE		0	0	4,050
COCA COLA	COM	191216100	6,495	153,330	SH		SOLE		0	0	153,330
COLGATE PALMOLIVE	COM	194162103	3,116	45,706	SH		SOLE		0	0	45,706
COMCAST CORP CL A	COM	20030N101	2,304	42,922	SH		SOLE		0	0	42,922
CONOCOPHILLIPS	COM	20825C104	1,510	17,620	SH		SOLE		0	0	17,620
CONSOLIDATED EDISON	COM	209115104	2,769	47,972	SH		SOLE		0	0	47,972
CORNING	COM	219350105	301	13,750	SH		SOLE		0	0	13,750
COSTCO WHOLESALE	COM	22160K105	483	4,200	SH		SOLE		0	0	4,200
CRANE	COM	224399105	249	3,350	SH		SOLE		0	0	3,350
CSX	COM	126408103	2,584	83,873	SH		SOLE		0	0	83,873
CUMMINS	COM	231021106	1,002	6,500	SH		SOLE		0	0	6,500
CURRENCYSHS SWEDISH KR SWEDISH	COM	23129R108	371	2,500	SH		SOLE		0	0	2,500
CURRENCYSHSSWISS FRANC SWISS F	COM	23129V109	518	4,700	SH		SOLE		0	0	4,700
CVS CORP	COM	126650100	959	12,724	SH		SOLE		0	0	12,724
DAVITA	COM	23918K108	424	5,866	SH		SOLE		0	0	5,866
DCP MIDSTREAM PARTNERS LP MLP	COM	23311p100	401	7,050	SH		SOLE		0	0	7,050
DEERE	COM	244199105	1,919	21,200	SH		SOLE		0	0	21,200
DJ US ENERGY	COM	464287796	210	3,701	SH		SOLE		0	0	3,701
DJ US HEALTHCARE	COM	464287762	7,381	57,577	SH		SOLE		0	0	57,577
DJ US HEALTHCARE PROVIDERS	COM	464288828	1,712	16,658	SH		SOLE		0	0	16,658
DJ US MEDICAL DEVICES	COM	464288810	1,582	15,515	SH		SOLE		0	0	15,515
DJ US TECHNOLOGY	COM	464287721	1,626	16,792	SH		SOLE		0	0	16,792
DJ US TRANSPORTATION	COM	464287192	280	1,910	SH		SOLE		0	0	1,910
DJ US UTILITIES SECTOR	COM	464287697	342	3,075	SH		SOLE		0	0	3,075
DJ US UTILITIES SECTOR	COM	464287697	55	500	SH		OTR		0	0	500
DNP SELECT INCOME	COM	23325P104	174	16,610	SH		SOLE		0	0	16,610
DOMINION RESOURCES	COM	25746U109	4,399	61,518	SH		SOLE		0	0	61,518
DOMINION RESOURCES	COM	25746U109	71	1,000	SH		OTR		0	0	1,000
DOVER	COM	260003108	286	3,150	SH		SOLE		0	0	3,150
DOW CHEMICAL	COM	260543103	813	15,810	SH		SOLE		0	0	15,810
DU PONT	COM	263534109	4,556	69,624	SH		SOLE		0	0	69,624
DU PONT	COM	263534109	32	500	SH		OTR		0	0	500
DUKE ENERGY CORP NEW	COM	26441c204	3,512	47,340	SH		SOLE		0	0	47,340
DUKE REALTY INVESTMENTS	COM	264411505	795	43,801	SH		SOLE		0	0	43,801
EASTMAN CHEMICAL	COM	277432100	1,106	12,670	SH		SOLE		0	0	12,670
ECOLAB	COM	278865100	551	4,950	SH		SOLE		0	0	4,950
EDWARDS LIFESCIENCES	COM	28176E108	309	3,602	SH		SOLE		0	0	3,602
EL PASO PIPELINE PTNRS COM UNI	COM	283702108	577	15,950	SH		SOLE		0	0	15,950
ELI LILLY	COM	532457108	321	5,179	SH		SOLE		0	0	5,179
EMC	COM	268648102	1,324	50,281	SH		SOLE		0	0	50,281
EMERSON ELECTRIC	COM	291011104	2,340	35,263	SH		SOLE		0	0	35,263
ENERGY TRANSFER EQUITY COM UT	COM	29273V100	2,153	36,540	SH		SOLE		0	0	36,540
ENERGY TRANSFER PARTNERS LP ML	COM	29273R109	947	16,337	SH		SOLE		0	0	16,337
ENTERPRISE PRODUCTS PARTNERS L	COM	293792107	12,018	153,510	SH		SOLE		0	0	153,510
ENTERPRISE PRODUCTS PARTNERS L	COM	293792107	70	905	SH		OTR		0	0	905
EOG RESOURCES	COM	26875P101	906	7,754	SH		SOLE		0	0	7,754
EQUITY RESIDENTIAL	COM	29476L107	322	5,115	SH		SOLE		0	0	5,115
ESTEE LAUDER CL A	COM	518439104	232	3,134	SH		SOLE		0	0	3,134
EXPRESS SCRIPTS	COM	30219g108	947	13,664	SH		SOLE		0	0	13,664
EXXON MOBIL	COM	30231G102	15,589	154,838	SH		SOLE		0	0	154,838
EXXON MOBIL	COM	30231G102	425	4,224	SH		OTR		0	0	4,224
F M C CORP COM NEW	COM	302491303	722	10,150	SH		SOLE		0	0	10,150
FACEBOOK INC CL A	COM	30303m102	2,394	35,590	SH		SOLE		0	0	35,590
FEDEX	COM	31428x106	1,714	11,326	SH		SOLE		0	0	11,326
FIRST TR EXCH TRD FD DJ INTERN	COM	33733E302	6,557	110,057	SH		SOLE		0	0	110,057
FIRST TR ISE WTR INDEX COM	COM	33733B100	268	7,780	SH		SOLE		0	0	7,780
FIRST TRUST ENERGY INCOME & GR	COM	33738g104	1,274	35,247	SH		SOLE		0	0	35,247
FLUOR	COM	343412102	1,034	13,450	SH		SOLE		0	0	13,450
FOREST LABORATORIES	COM	345838106	356	3,600	SH		SOLE		0	0	3,600
FREEPORT MCMORAN COPPER & GOLD	COM	35671d857	1,270	34,805	SH		SOLE		0	0	34,805
GASLOG LTD SHS	COM	G37585109	274	8,600	SH		SOLE		0	0	8,600
GENERAL DYNAMICS	COM	369550108	1,793	15,385	SH		SOLE		0	0	15,385
GENERAL ELECTRIC	COM	369604103	6,290	239,348	SH		SOLE		0	0	239,348
GENERAL MILLS	COM	370334104	2,815	53,590	SH		SOLE		0	0	53,590
GENERAL MILLS	COM	370334104	31	600	SH		OTR		0	0	600
GENESEE & WYOMING CL A	COM	371559105	215	2,050	SH		SOLE		0	0	2,050
GENESIS ENERGY LP MLP	COM	371927104	1,524	27,210	SH		SOLE		0	0	27,210
GILEAD SCIENCES	COM	375558103	1,664	20,080	SH		SOLE		0	0	20,080
GLAXOSMITHKLINE ADR	COM	37733W105	577	10,807	SH		SOLE		0	0	10,807
GOLDMAN SACHS GROUP	COM	38141G104	414	2,475	SH		SOLE		0	0	2,475
GOLDMAN SACHS MLP INC COM SHS	COM	38147W103	3,116	149,814	SH		SOLE		0	0	149,814
GOLDMAN SACHS MLP INC COM SHS	COM	38147W103	13	630	SH		OTR		0	0	630
GOLDMAN SACHS TECHNOLOGY	COM	464287549	211	2,220	SH		SOLE		0	0	2,220
GOOGLE INC CL A	COM	38259P508	2,836	4,852	SH		SOLE		0	0	4,852
GOOGLE INC CL C	COM	38259P706	3,346	5,817	SH		SOLE		0	0	5,817
GOVERNMENT PPTYS INC COM SHS B	COM	38376A103	302	11,900	SH		SOLE		0	0	11,900
GREENBRIER COS INC COM	COM	393657101	316	5,500	SH		SOLE		0	0	5,500
HALLIBURTON	COM	406216101	912	12,850	SH		SOLE		0	0	12,850
HANSEN MEDICAL INC COM	COM	411307101	114	87,500	SH		SOLE		0	0	87,500
HELMERICH & PAYNE	COM	423452101	493	4,250	SH		SOLE		0	0	4,250
HERSHEY COMPANY	COM	427866108	2,065	21,210	SH		SOLE		0	0	21,210
HERSHEY COMPANY	COM	427866108	48	500	SH		OTR		0	0	500
HI-CRUSH PARTNERS LP COM UNIT	COM	428337109	213	3,250	SH		SOLE		0	0	3,250
HOLLY ENERGY PARTNERS LP	COM	435763107	545	15,860	SH		SOLE		0	0	15,860
HOME DEPOT	COM	437076102	6,575	81,215	SH		SOLE		0	0	81,215
HONEYWELL INTERNATIONAL	COM	438516106	4,850	52,179	SH		SOLE		0	0	52,179
HOWARD HUGHES CORP COM	COM	44267D107	284	1,800	SH		SOLE		0	0	1,800
IBM	COM	459200101	10,422	57,495	SH		SOLE		0	0	57,495
IBM	COM	459200101	7	400	SH		OTR		0	0	400
ILLINOIS TOOL WORKS	COM	452308109	509	5,820	SH		SOLE		0	0	5,820
INGERSOLL RAND	COM	G47791101	1,843	29,490	SH		SOLE		0	0	29,490
INTEL	COM	458140100	2,137	69,165	SH		SOLE		0	0	69,165
INTERNATIONAL FLAVORS & FRAGRA	COM	459506101	495	4,750	SH		SOLE		0	0	4,750
INTERNATIONAL PAPER	COM	460146103	2,507	49,684	SH		SOLE		0	0	49,684
ISHARES COMEX GOLD TR ISHARES	COM	464285105	137	10,660	SH		SOLE		0	0	10,660
ISHARES TR DJ INS INDX FD	COM	464288786	1,523	31,865	SH		SOLE		0	0	31,865
ISHARES TR DJ OIL EQUIP	COM	464288844	1,474	19,024	SH		SOLE		0	0	19,024
ISHARES TR DJ OIL EQUIP	COM	464288844	38	500	SH		OTR		0	0	500
ISHARES TR DJ OIL&GAS EXP	COM	464288851	229	2,360	SH		SOLE		0	0	2,360
ISHARES TR DJ PHARMA INDX	COM	464288836	5,750	42,560	SH		SOLE		0	0	42,560
ISHARES TR DJ US FINL SEC	COM	464287788	641	7,710	SH		SOLE		0	0	7,710
ISHARES TR RESIDENT INDEX	COM	464288562	278	5,220	SH		SOLE		0	0	5,220
ISHARES TR S&P GL C STAPL	COM	464288737	347	3,865	SH		SOLE		0	0	3,865
ITT CORP NEW COM NEW	COM	450911201	192	4,000	SH		SOLE		0	0	4,000
ITT CORP NEW COM NEW	COM	450911201	24	500	SH		OTR		0	0	500
JOHNSON & JOHNSON	COM	478160104	11,882	113,579	SH		SOLE		0	0	113,579
JOHNSON CONTROLS	COM	478366107	376	7,550	SH		SOLE		0	0	7,550
JP MORGAN CHASE	COM	46625H100	4,825	83,740	SH		SOLE		0	0	83,740
JP MORGAN CHASE	COM	46625H100	17	300	SH		OTR		0	0	300
JPMORGAN CHASE & CO ALERIAN ML	COM	46625H365	282	5,400	SH		SOLE		0	0	5,400
JUNIPER NETWORKS	COM	48203r104	361	14,750	SH		SOLE		0	0	14,750
KAYNE ANDERSON MLP	COM	486606106	1,488	37,773	SH		SOLE		0	0	37,773
KELLOGG	COM	487836108	315	4,799	SH		SOLE		0	0	4,799
KIMBERLY CLARK	COM	494368103	1,681	15,122	SH		SOLE		0	0	15,122
KIMBERLY CLARK	COM	494368103	33	300	SH		OTR		0	0	300
KINDER MORGAN	COM	49456b101	566	15,625	SH		SOLE		0	0	15,625
KINDER MORGAN 100,000THS	COM	eke55u103	0	35,582	SH		SOLE		0	0	35,582
KINDER MORGAN MGMT LLC SHS	COM	49455U100	1,996	25,299	SH		SOLE		0	0	25,299
KRAFT FOODS GROUP INC COM	COM	50076Q106	621	10,371	SH		SOLE		0	0	10,371
KROGER	COM	501044101	1,164	23,558	SH		SOLE		0	0	23,558
LEAR CORP	COM	521865204	1,060	11,875	SH		SOLE		0	0	11,875
LEGACY RESERVES LP UNIT LP INT	COM	524707304	256	8,200	SH		SOLE		0	0	8,200
LIBERTY MEDIA CORP DEL CL A	COM	531229102	461	3,375	SH		SOLE		0	0	3,375
LINKEDIN CORP COM CL A	COM	53578A108	308	1,800	SH		SOLE		0	0	1,800
LOCKHEED MARTIN	COM	539830109	1,389	8,644	SH		SOLE		0	0	8,644
LOWES COMPANIES	COM	548661107	1,141	23,793	SH		SOLE		0	0	23,793
LYONDELLBASELL INDUSTR SHS - A	COM	N53745100	712	7,300	SH		SOLE		0	0	7,300
MAGELLAN MIDSTREAM PARTNERS LP	COM	559080106	12,231	145,542	SH		SOLE		0	0	145,542
MAGELLAN MIDSTREAM PARTNERS LP	COM	559080106	100	1,200	SH		OTR		0	0	1,200
MAGNA INTL INC CL A	COM	559222401	996	9,250	SH		SOLE		0	0	9,250
MANNKIND CORP COM	COM	56400P201	328	30,000	SH		SOLE		0	0	30,000
MARKET VECTORS ETF TR BIOTECH	COM	57060U183	3,930	41,205	SH		SOLE		0	0	41,205
MARKET VECTORS ETF TR GOLD MIN	COM	57060U100	294	11,150	SH		SOLE		0	0	11,150
MARKWEST ENERGY PARTNERS LP ML	COM	570759100	1,210	16,915	SH		SOLE		0	0	16,915
MCDONALDS	COM	580135101	6,436	63,890	SH		SOLE		0	0	63,890
MCKESSON	COM	58155Q103	2,057	11,050	SH		SOLE		0	0	11,050
MEAD JOHNSON NUTRI CO COM CL A	COM	582839106	1,547	16,610	SH		SOLE		0	0	16,610
MEDIVATION INC COM	COM	58501N101	256	3,330	SH		SOLE		0	0	3,330
MEDTRONIC	COM	585055106	282	4,425	SH		SOLE		0	0	4,425
MERCK & CO INC NEW COM	COM	58933Y105	3,060	52,909	SH		SOLE		0	0	52,909
MERRIMACK PHARMACEUTIC COM	COM	590328100	117	16,142	SH		SOLE		0	0	16,142
MICROSOFT	COM	594918104	1,932	46,338	SH		SOLE		0	0	46,338
MID-AMERICA APARTMENT COMMUNIT	COM	59522J103	211	2,900	SH		SOLE		0	0	2,900
MIMEDX GROUP INC COM	COM	602496101	141	20,000	SH		SOLE		0	0	20,000
MMM (3M COMPANY)	COM	88579Y101	9,771	68,220	SH		SOLE		0	0	68,220
MONDELEZ INTL INC CL A	COM	609207105	416	11,068	SH		SOLE		0	0	11,068
MORGAN STANLEY EMERGING	COM	617477104	161	12,100	SH		SOLE		0	0	12,100
MRI INTERVENTIONS INC COM	COM	55347P100	99	80,000	SH		SOLE		0	0	80,000
MSCI EAFE	COM	464287465	2,883	42,182	SH		SOLE		0	0	42,182
MSCI EMERGING MARKET	COM	464287234	746	17,279	SH		SOLE		0	0	17,279
NATIONAL FUEL GAS	COM	636180101	666	8,510	SH		SOLE		0	0	8,510
NATIONAL OILWELL VARCO	COM	637071101	282	3,425	SH		SOLE		0	0	3,425
NETEASE.COM ADR	COM	64110W102	266	3,400	SH		SOLE		0	0	3,400
NEW JERSEY RESOURCES	COM	646025106	374	6,545	SH		SOLE		0	0	6,545
NEXTERA ENERGY INC COM	COM	65339F101	997	9,734	SH		SOLE		0	0	9,734
NGL ENERGY PARTNERS LP COM UNI	COM	62913M107	228	5,275	SH		SOLE		0	0	5,275
NIKE	COM	654106103	252	3,250	SH		SOLE		0	0	3,250
NORFOLK SOUTHERN	COM	655844108	1,540	14,955	SH		SOLE		0	0	14,955
NORTHEAST UTILITIES	COM	664397106	316	6,701	SH		SOLE		0	0	6,701
NORTHEAST UTILITIES	COM	664397106	68	1,443	SH		OTR		0	0	1,443
NORTHROP GRUMMAN	COM	666807102	298	2,492	SH		SOLE		0	0	2,492
NORTHSTAR RLTY FIN CP COM	COM	66704R704	263	15,150	SH		SOLE		0	0	15,150
NOVARTIS AG ADR	COM	66987V109	1,317	14,549	SH		SOLE		0	0	14,549
NOVO NORDISK A/S ADR	COM	670100205	817	17,700	SH		SOLE		0	0	17,700
NUSTAR ENERGY LP UNIT COM	COM	67058H102	225	3,630	SH		SOLE		0	0	3,630
NUSTAR ENERGY LP UNIT COM	COM	67058H102	31	511	SH		OTR		0	0	511
NUSTAR GP HOLDINGS LLC UNIT RE	COM	67059L102	463	11,850	SH		SOLE		0	0	11,850
OCCIDENTAL PETROLEUM	COM	674599105	1,107	10,788	SH		SOLE		0	0	10,788
OCCIDENTAL PETROLEUM	COM	674599105	21	210	SH		OTR		0	0	210
OCEANEERING INTL INC COM	COM	675232102	261	3,350	SH		SOLE		0	0	3,350
ONEOK	COM	682680103	475	6,990	SH		SOLE		0	0	6,990
ONEOK PARTNERS LP MLP	COM	68268N103	2,183	37,257	SH		SOLE		0	0	37,257
ORACLE	COM	68389X105	874	21,567	SH		SOLE		0	0	21,567
OTTER TAIL	COM	689648103	302	10,000	SH		SOLE		0	0	10,000
PACKAGING CORP AMER COM	COM	695156109	239	3,350	SH		SOLE		0	0	3,350
PENTAIR PLC SHS	COM	G7S00T104	291	4,037	SH		SOLE		0	0	4,037
PEPSICO	COM	713448108	7,756	86,822	SH		SOLE		0	0	86,822
PEPSICO	COM	713448108	44	500	SH		OTR		0	0	500
PFIZER	COM	717081103	1,349	45,473	SH		SOLE		0	0	45,473
PG & E	COM	69331C108	348	7,250	SH		SOLE		0	0	7,250
PHILIP MORRIS INTL INC COM	COM	718172109	2,244	26,623	SH		SOLE		0	0	26,623
PIEDMONT NATURAL GAS	COM	720186105	1,054	28,195	SH		SOLE		0	0	28,195
PIEDMONT NATURAL GAS	COM	720186105	44	1,200	SH		OTR		0	0	1,200
PIONEER NATURAL RESOURCES	COM	723787107	12,030	52,350	SH		SOLE		0	0	52,350
PLAINS ALL AMERICAN PIPELINE L	COM	726503105	4,356	72,554	SH		SOLE		0	0	72,554
PLAINS ALL AMERICAN PIPELINE L	COM	726503105	48	800	SH		OTR		0	0	800
POTASH	COM	73755L107	303	8,000	SH		SOLE		0	0	8,000
POWERSHARES ETF TRUST CON STAP	COM	73935X393	484	10,500	SH		SOLE		0	0	10,500
POWERSHARES ETF TRUST ENERGY S	COM	73935X385	568	8,719	SH		SOLE		0	0	8,719
POWERSHARES ETF TRUST NASD INT	COM	73935X146	367	5,400	SH		SOLE		0	0	5,400
POWERSHARES ETF TRUST WATER RE	COM	73935X575	250	9,420	SH		SOLE		0	0	9,420
POWERSHARES QQQ TRUST UNIT SER	COM	73935A104	11,167	118,921	SH		SOLE		0	0	118,921
POWERSHARES QQQ TRUST UNIT SER	COM	73935A104	28	300	SH		OTR		0	0	300
POWERSHS DB MULTI SECT DB GOLD	COM	73936B606	493	11,100	SH		SOLE		0	0	11,100
POWERSHS DB MULTI SECT DB PREC	COM	73936B200	805	18,680	SH		SOLE		0	0	18,680
PPL	COM	69351T106	367	10,350	SH		SOLE		0	0	10,350
PROCTER & GAMBLE	COM	742718109	7,760	98,749	SH		SOLE		0	0	98,749
PROCTER & GAMBLE	COM	742718109	31	400	SH		OTR		0	0	400
PROSHARES TR SHORT DOW 30	COM	74347R701	201	8,000	SH		SOLE		0	0	8,000
PROSHARES TR SHORT S&P 500	COM	74347R503	268	11,500	SH		SOLE		0	0	11,500
PRUDENTIAL FINANCIAL	COM	744320102	333	3,752	SH		SOLE		0	0	3,752
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	1,494	36,627	SH		SOLE		0	0	36,627
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	73	1,812	SH		OTR		0	0	1,812
QUALCOMM	COM	747525103	225	2,850	SH		SOLE		0	0	2,850
RAYONIER	COM	754907103	386	10,862	SH		SOLE		0	0	10,862
REDWOOD TR INC COM	COM	758075402	259	13,350	SH		SOLE		0	0	13,350
REYNOLDS AMERICAN	COM	761713106	304	5,051	SH		SOLE		0	0	5,051
ROPER INDUSTRIES	COM	776696106	584	4,000	SH		SOLE		0	0	4,000
ROSE ROCK MIDSTREAM L COM U RE	COM	777149105	937	17,150	SH		SOLE		0	0	17,150
ROYAL DUTCH CL A ADR NEW	COM	780259206	896	10,882	SH		SOLE		0	0	10,882
ROYAL DUTCH CL A ADR NEW	COM	780259206	34	413	SH		OTR		0	0	413
ROYAL DUTCH CL B ADR NEW	COM	780259107	284	3,271	SH		SOLE		0	0	3,271
RUSSELL MIDCAP GROWTH	COM	464287481	1,249	13,949	SH		SOLE		0	0	13,949
SANDISK	COM	80004c101	824	7,900	SH		SOLE		0	0	7,900
SBA COMMUNICATIONS CRP COM	COM	78388J106	710	6,950	SH		SOLE		0	0	6,950
SCHLUMBERGER	COM	806857108	5,761	48,842	SH		SOLE		0	0	48,842
SCHLUMBERGER	COM	806857108	47	400	SH		OTR		0	0	400
SELECT SECTOR SPDR TR SBI CONS	COM	81369Y308	1,320	29,588	SH		SOLE		0	0	29,588
SELECT SECTOR SPDR TR SBI INT-	COM	81369Y605	6,429	282,738	SH		SOLE		0	0	282,738
SELECT SECTOR SPDR TR SBI INT-	COM	81369Y605	22	1,000	SH		OTR		0	0	1,000
SEMGROUP CORP CL A	COM	81663A105	230	2,925	SH		SOLE		0	0	2,925
SIEMENS A G SPONSORED ADR	COM	826197501	2,151	16,276	SH		SOLE		0	0	16,276
SIMON PROPERTY	COM	828806109	587	3,536	SH		SOLE		0	0	3,536
SMUCKER JM	COM	832696405	298	2,800	SH		SOLE		0	0	2,800
SODASTREAM INTL LTD USD SHS	COM	M9068E105	1,157	34,437	SH		SOLE		0	0	34,437
SOUTHERN COMPANY	COM	842587107	2,179	48,025	SH		SOLE		0	0	48,025
SOUTHWEST GAS	COM	844895102	216	4,100	SH		SOLE		0	0	4,100
SPDR DOW JONES INDL AV UT SER	COM	78467X109	2,858	17,028	SH		SOLE		0	0	17,028
SPDR ENERGY	COM	81369Y506	3,769	37,656	SH		SOLE		0	0	37,656
SPDR HEALTH CARE	COM	81369y209	11,173	183,679	SH		SOLE		0	0	183,679
SPDR INDEX SHS FDS EURO STOXX	COM	78463X202	7,831	181,000	SH		SOLE		0	0	181,000
SPDR INDUSTRIAL SECTOR	COM	81369y704	3,004	55,577	SH		SOLE		0	0	55,577
SPDR MATERIALS SECTOR	COM	81369y100	1,579	31,821	SH		SOLE		0	0	31,821
SPDR MATERIALS SECTOR	COM	81369y100	4	100	SH		OTR		0	0	100
SPDR MID CAP 400	COM	78467Y107	326	1,254	SH		SOLE		0	0	1,254
SPDR SERIES TRUST S&P BIOTECH	COM	78464A870	2,018	13,110	SH		SOLE		0	0	13,110
SPDR SERIES TRUST S&P OILGAS E	COM	78464a730	654	7,950	SH		SOLE		0	0	7,950
SPDR SERIES TRUST S&P RETAIL E	COM	78464A714	627	7,227	SH		SOLE		0	0	7,227
SPDR SERIES TRUST S&P RETAIL E	COM	78464A714	30	350	SH		OTR		0	0	350
SPDR SP500 TRUST SR 1	COM	78462F103	3,665	18,728	SH		SOLE		0	0	18,728
SPDR UTILITIES SELECT	COM	81369Y886	1,906	43,068	SH		SOLE		0	0	43,068
ST JUDE MEDICAL	COM	790849103	1,043	15,075	SH		SOLE		0	0	15,075
STANLEY BLACK & DECKER COM	COM	854502101	417	4,750	SH		SOLE		0	0	4,750
STARBUCKS	COM	855244109	2,182	28,200	SH		SOLE		0	0	28,200
STARWOOD PPTY TR INC COM	COM	85571B105	753	31,700	SH		SOLE		0	0	31,700
STATE STREET	COM	857477103	363	5,400	SH		SOLE		0	0	5,400
STMICROELECTRONICS NV ADR	COM	861012102	215	24,265	SH		SOLE		0	0	24,265
STREETTRACKS GOLD SHARES	COM	78463v107	645	5,042	SH		SOLE		0	0	5,042
STREETTRACKS INDEX SHS EUROPE	COM	78463x608	332	8,400	SH		SOLE		0	0	8,400
STREETTRACKS MORGAN STANLEY TE	COM	78464a102	1,340	14,030	SH		SOLE		0	0	14,030
STRYKER	COM	863667101	1,544	18,316	SH		SOLE		0	0	18,316
SUNOCO LOGISTICS PT LP COM UNI	COM	86764L108	985	20,920	SH		SOLE		0	0	20,920
T-MOBILE US INC COM	COM	872590104	743	22,100	SH		SOLE		0	0	22,100
TARGA RES CORP COM	COM	87612G101	272	1,950	SH		SOLE		0	0	1,950
TARGA RES PARTNERS LP COM UNIT	COM	87611X105	909	12,650	SH		SOLE		0	0	12,650
TATA MOTORS ADR	COM	876568502	326	8,350	SH		SOLE		0	0	8,350
TECHNOLOGY SELECT SECT SPDR	COM	81369Y803	2,966	77,355	SH		SOLE		0	0	77,355
TEEKAY LNG PARTNERS LP MLP	COM	y8564M105	400	8,680	SH		SOLE		0	0	8,680
TEEKAY OFFSHORE PTN LP PARTNER	COM	Y8565J101	434	12,025	SH		SOLE		0	0	12,025
TELUS CORP COM	COM	87971M103	544	14,620	SH		SOLE		0	0	14,620
TEXAS PACIFIC LAND TRUST	COM	882610108	280	1,750	SH		SOLE		0	0	1,750
TICC CAPITAL CORP COM	COM	87244T109	153	15,462	SH		SOLE		0	0	15,462
TIME WARNER	COM	887317303	507	7,225	SH		SOLE		0	0	7,225
TOYOTA MOTOR ADR	COM	892331307	902	7,545	SH		SOLE		0	0	7,545
TRANSCANADA	COM	89353D107	295	6,200	SH		SOLE		0	0	6,200
TRANSMONTAIGNE PARTNERS LP MLP	COM	89376v100	1,047	23,950	SH		SOLE		0	0	23,950
TYCO INTL	COM	H89128104	260	5,713	SH		SOLE		0	0	5,713
UBS AG JERSEY BRH ALERIAN INFR	COM	902641646	3,621	81,245	SH		SOLE		0	0	81,245
UGI CORP	COM	902681105	1,436	28,450	SH		SOLE		0	0	28,450
UGI CORP	COM	902681105	136	2,700	SH		OTR		0	0	2,700
UNION PACIFIC	COM	907818108	5,217	52,301	SH		SOLE		0	0	52,301
UNION PACIFIC	COM	907818108	159	1,600	SH		OTR		0	0	1,600
UNITED PARCEL SERVICE CL B	COM	911312106	3,791	36,934	SH		SOLE		0	0	36,934
UNITED RENTALS	COM	911363109	638	6,095	SH		SOLE		0	0	6,095
UNITED TECHNOLOGIES	COM	913017109	11,786	102,090	SH		SOLE		0	0	102,090
UNITED TECHNOLOGIES	COM	913017109	46	400	SH		OTR		0	0	400
UNITEDHEALTH GROUP	COM	91324P102	203	2,486	SH		SOLE		0	0	2,486
VALEANT PHARMACEUTICAL COM	COM	91911K102	2,248	17,826	SH		SOLE		0	0	17,826
VANGUARD EMERGING MARKETS VIPE	COM	922042858	3,815	88,456	SH		SOLE		0	0	88,456
VANGUARD INDEX FDS GROWTH ETF	COM	922908736	237	2,402	SH		SOLE		0	0	2,402
VANGUARD INDEX FDS REIT ETF	COM	922908553	2,614	34,939	SH		SOLE		0	0	34,939
VANGUARD SPECIALIZED DIV APP E	COM	921908844	231	2,967	SH		SOLE		0	0	2,967
VANGUARD TELECOM SERVICES VIPE	COM	92204A884	853	9,699	SH		SOLE		0	0	9,699
VANGUARD WORLD FDS HEALTH CAR	COM	92204A504	329	2,955	SH		SOLE		0	0	2,955
VANGUARD WORLD FDS INF TECH ET	COM	92204A702	5,348	55,255	SH		SOLE		0	0	55,255
VERIZON COMMUNICATIONS	COM	92343V104	12,015	245,556	SH		SOLE		0	0	245,556
VERIZON COMMUNICATIONS	COM	92343V104	177	3,628	SH		OTR		0	0	3,628
VIACOM CL B NEW	COM	92553P201	1,094	12,622	SH		SOLE		0	0	12,622
VISA INC COM CL A	COM	92826C839	1,846	8,765	SH		SOLE		0	0	8,765
VODAFONE GROUP PLC ADR	COM	92857W308	689	20,663	SH		SOLE		0	0	20,663
VODAFONE GROUP PLC ADR	COM	92857W308	43	1,304	SH		OTR		0	0	1,304
WABCO HLDGS INC COM	COM	92927K102	229	2,150	SH		SOLE		0	0	2,150
WAL-MART STORES	COM	931142103	2,796	37,255	SH		SOLE		0	0	37,255
WALT DISNEY	COM	254687106	7,080	82,577	SH		SOLE		0	0	82,577
WELLS FARGO	COM	949746101	1,564	29,764	SH		SOLE		0	0	29,764
WESTAR ENERGY	COM	95709T100	406	10,650	SH		SOLE		0	0	10,650
WESTERN GAS PARTNRS LP COM UNI	COM	958254104	940	12,300	SH		SOLE		0	0	12,300
WHITING PETE CORP NEW COM	COM	966387102	654	8,150	SH		SOLE		0	0	8,150
WHOLE FOODS MKT INC COM	COM	966837106	450	11,650	SH		SOLE		0	0	11,650
WILLIAMS PARTNERS L P COM UNIT	COM	96950F104	486	8,956	SH		SOLE		0	0	8,956
WISDOMTREE TRUST JP TOTAL DIVI	COM	97717W851	492	9,975	SH		SOLE		0	0	9,975
WISDOMTREE TRUST LRGECP VALUE	COM	97717W547	621	10,107	SH		SOLE		0	0	10,107
WORTHINGTON INDUSTRIES	COM	981811102	215	5,000	SH		SOLE		0	0	5,000
WYNN RESORTS LTD COM	COM	983134107	756	3,645	SH		SOLE		0	0	3,645
YAHOO	COM	984332106	3,466	98,680	SH		SOLE		0	0	98,680
YUM! BRANDS	COM	988498101	1,181	14,550	SH		SOLE		0	0	14,550
CONSULTING GRP CAP MKT GV MONE	MF	210474102	26	26,145	SH		SOLE		0	0	26,145
ISHARES TR US PFD STK IDX	PFD	464288687	354	8,892	SH		SOLE		0	0	8,892
MANNKIND CORP WT 020816	WT	56400P508	102	20,000	SH		SOLE		0	0	20,000