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
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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	556	6,675	SH		SOLE		0	0	6,675
BAYER A G SPONSORED ADR	ADR	072730302	232	1,700	SH		SOLE		0	0	1,700
DAIMLER AG SPONSORED ADR	ADR	233825108	1,092	13,200	SH		SOLE		0	0	13,200
DIAGEO ADR	ADR	25243Q205	1,593	13,970	SH		SOLE		0	0	13,970
HITACHI LTD ADR 10 COM	ADR	433578507	234	3,150	SH		SOLE		0	0	3,150
NESTLE S A SPONSORED ADR	ADR	641069406	6,598	90,446	SH		SOLE		0	0	90,446
ROCHE HLDG LTD SPONSORED ADR	ADR	771195104	1,341	39,475	SH		SOLE		0	0	39,475
SHIRE PLC SPONSORED ADR	ADR	82481R106	1,176	5,535	SH		SOLE		0	0	5,535
SHIRE PLC SPONSORED ADR	ADR	82481R106	127	600	SH		OTR		0	0	600
UNILEVER PLC ADR	ADR	904767704	874	21,614	SH		SOLE		0	0	21,614
ABBVIE INC. COM	COM	00287Y109	389	5,951	SH		SOLE		0	0	5,951
ACCESS MIDSTREAM PARTN UNIT	COM	00434L109	352	6,500	SH		SOLE		0	0	6,500
ACTAVIS PLC SHS	COM	G0083B108	881	3,425	SH		SOLE		0	0	3,425
AETNA	COM	00817Y108	520	5,860	SH		SOLE		0	0	5,860
AETNA	COM	00817Y108	106	1,200	SH		OTR		0	0	1,200
AFLAC	COM	001055102	2,870	46,991	SH		SOLE		0	0	46,991
AFLAC	COM	001055102	45	750	SH		OTR		0	0	750
AIR PRODUCTS & CHEMICALS	COM	009158106	1,655	11,475	SH		SOLE		0	0	11,475
ALCOA INC	COM	013817101	196	12,454	SH		SOLE		0	0	12,454
ALIBABA GROUP HLDG LTD SPONSOR	COM	01609W102	2,272	21,860	SH		SOLE		0	0	21,860
ALLEGION PUB LTD CO ORD SHS	COM	G0176J109	558	10,078	SH		SOLE		0	0	10,078
ALPS ETF TR ALERIAN MLP	COM	00162Q866	3,653	208,515	SH		SOLE		0	0	208,515
ALTRIA GROUP	COM	02209S103	7,675	155,774	SH		SOLE		0	0	155,774
ALTRIA GROUP	COM	02209S103	29	600	SH		OTR		0	0	600
AMAZON	COM	023135106	2,700	8,700	SH		SOLE		0	0	8,700
AMERICAN ELECTRIC POWER	COM	025537101	508	8,368	SH		SOLE		0	0	8,368
AMERICAN EXPRESS	COM	025816109	3,209	34,498	SH		SOLE		0	0	34,498
AMERICAN INTL GROUP COM NEW	COM	026874784	5,382	96,092	SH		SOLE		0	0	96,092
AMERICAN STATES WATER	COM	029899101	525	13,950	SH		SOLE		0	0	13,950
AMERICAN TOWER REIT COM	COM	03027X100	266	2,700	SH		SOLE		0	0	2,700
AMERICAN WTR WKS CO IN COM	COM	030420103	588	11,050	SH		SOLE		0	0	11,050
AMGEN	COM	031162100	1,947	12,228	SH		SOLE		0	0	12,228
AMGEN	COM	031162100	406	2,550	SH		OTR		0	0	2,550
ANADARKO PETROLEUM	COM	032511107	588	7,135	SH		SOLE		0	0	7,135
ANHEUSER BUSCH INBEV SPONSORED	COM	03524A108	331	2,950	SH		SOLE		0	0	2,950
APPLE COMPUTER	COM	037833100	26,633	241,286	SH		SOLE		0	0	241,286
ARENA PHARMACEUTICALS COM	COM	040047102	161	46,500	SH		SOLE		0	0	46,500
ASHLAND NEW	COM	044209104	760	6,350	SH		SOLE		0	0	6,350
ASML HLGS NV ADR	COM	N07059210	296	2,750	SH		SOLE		0	0	2,750
AT&T, INC.	COM	00206R102	5,659	168,500	SH		SOLE		0	0	168,500
AT&T, INC.	COM	00206R102	259	7,733	SH		OTR		0	0	7,733
ATMOS ENERGY	COM	049560105	452	8,124	SH		SOLE		0	0	8,124
AXIS CAPITAL HOLDINGS SHS	COM	G0692U109	208	4,075	SH		SOLE		0	0	4,075
BAIDU.COM ADS	COM	056752108	336	1,475	SH		SOLE		0	0	1,475
BAIDU.COM ADS	COM	056752108	34	150	SH		OTR		0	0	150
BANK OF AMERICA	COM	060505104	775	43,360	SH		SOLE		0	0	43,360
BARD (C.R.) INC	COM	067383109	258	1,551	SH		SOLE		0	0	1,551
BARD (C.R.) INC	COM	067383109	502	3,015	SH		OTR		0	0	3,015
BAXTER INTERNATIONAL	COM	071813109	2,131	29,082	SH		SOLE		0	0	29,082
BECTON DICKINSON	COM	075887109	800	5,750	SH		SOLE		0	0	5,750
BELL CANADA ENTERPRISES (NEW)	COM	05534B760	1,061	23,150	SH		SOLE		0	0	23,150
BERKSHIRE HATHAWAY INC CL B NE	COM	084670702	6,880	45,826	SH		SOLE		0	0	45,826
BERKSHIRE HATHAWAY INC CL B NE	COM	084670702	75	500	SH		OTR		0	0	500
BIOGEN IDEC INC	COM	09062X103	339	1,000	SH		SOLE		0	0	1,000
BIOLASE INC COM	COM	090911108	125	47,737	SH		SOLE		0	0	47,737
BIOTECHNOLOGY	COM	464287556	4,319	14,240	SH		SOLE		0	0	14,240
BIOTECHNOLOGY	COM	464287556	242	800	SH		OTR		0	0	800
BLACK HILLS	COM	092113109	384	7,250	SH		SOLE		0	0	7,250
BOEING	COM	097023105	6,666	51,289	SH		SOLE		0	0	51,289
BOEING	COM	097023105	25	200	SH		OTR		0	0	200
BRISTOL MYERS SQUIBB	COM	110122108	2,528	42,831	SH		SOLE		0	0	42,831
BROWN FORMAN CORP CL B	COM	115637209	368	4,200	SH		SOLE		0	0	4,200
BT GROUP PLC ADR	COM	05577E101	774	12,490	SH		SOLE		0	0	12,490
CANADIAN NATIONAL RAILWAY	COM	136375102	878	12,750	SH		SOLE		0	0	12,750
CANADIAN PACIFIC RAILWAY LTD	COM	13645T100	1,656	8,595	SH		SOLE		0	0	8,595
CANADIAN PACIFIC RAILWAY LTD	COM	13645T100	38	200	SH		OTR		0	0	200
CARDINAL HEALTH	COM	14149Y108	249	3,093	SH		SOLE		0	0	3,093
CATERPILLAR	COM	149123101	2,955	32,285	SH		SOLE		0	0	32,285
CELGENE	COM	151020104	4,261	38,100	SH		SOLE		0	0	38,100
CHENIERE ENERGY INC COM NEW	COM	16411R208	231	3,292	SH		SOLE		0	0	3,292
CHEVRON CORP	COM	166764100	6,292	56,089	SH		SOLE		0	0	56,089
CHEVRON CORP	COM	166764100	513	4,576	SH		OTR		0	0	4,576
CHINA GOLD CORP COM	COM	16938L106	0	140,000	SH		SOLE		0	0	140,000
CHUBB CORP	COM	171232101	3,630	35,089	SH		SOLE		0	0	35,089
CHUBB CORP	COM	171232101	51	500	SH		OTR		0	0	500
CIGNA	COM	125509109	1,409	13,695	SH		SOLE		0	0	13,695
CISCO SYSTEMS	COM	17275R102	729	26,225	SH		SOLE		0	0	26,225
CITIGROUP	COM	172967424	2,894	53,487	SH		SOLE		0	0	53,487
CLEARBRIDGE ENERGY MLP COM	COM	184692101	1,246	45,151	SH		SOLE		0	0	45,151
CLOROX COMPANY	COM	189054109	364	3,500	SH		SOLE		0	0	3,500
COCA COLA	COM	191216100	6,596	156,244	SH		SOLE		0	0	156,244
COLGATE PALMOLIVE	COM	194162103	3,369	48,706	SH		SOLE		0	0	48,706
COMCAST CORP CL A	COM	20030N101	2,987	51,500	SH		SOLE		0	0	51,500
COMMUNITY HEALTH	COM	203668108	221	4,100	SH		SOLE		0	0	4,100
CONOCOPHILLIPS	COM	20825C104	1,483	21,478	SH		SOLE		0	0	21,478
CONSOLIDATED EDISON	COM	209115104	2,963	44,897	SH		SOLE		0	0	44,897
CORNING	COM	219350105	268	11,700	SH		SOLE		0	0	11,700
COSTCO WHOLESALE	COM	22160K105	644	4,550	SH		SOLE		0	0	4,550
CSX	COM	126408103	2,958	81,668	SH		SOLE		0	0	81,668
CUMMINS	COM	231021106	843	5,850	SH		SOLE		0	0	5,850
CURRENCYSHSSWISS FRANC SWISS F	COM	23129V109	294	3,000	SH		SOLE		0	0	3,000
CVS CORP	COM	126650100	1,328	13,799	SH		SOLE		0	0	13,799
DANAHER	COM	235851102	308	3,600	SH		SOLE		0	0	3,600
DAVITA	COM	23918K108	368	4,866	SH		SOLE		0	0	4,866
DCP MIDSTREAM PARTNERS LP MLP	COM	23311p100	275	6,075	SH		SOLE		0	0	6,075
DEERE	COM	244199105	1,198	13,550	SH		SOLE		0	0	13,550
DJ US HEALTHCARE	COM	464287762	8,413	58,377	SH		SOLE		0	0	58,377
DJ US HEALTHCARE PROVIDERS	COM	464288828	2,293	19,373	SH		SOLE		0	0	19,373
DJ US MEDICAL DEVICES	COM	464288810	1,845	16,320	SH		SOLE		0	0	16,320
DJ US TECHNOLOGY	COM	464287721	1,795	17,197	SH		SOLE		0	0	17,197
DJ US TRANSPORTATION	COM	464287192	731	4,460	SH		SOLE		0	0	4,460
DJ US UTILITIES SECTOR	COM	464287697	428	3,625	SH		SOLE		0	0	3,625
DJ US UTILITIES SECTOR	COM	464287697	59	500	SH		OTR		0	0	500
DNP SELECT INCOME	COM	23325P104	121	11,460	SH		SOLE		0	0	11,460
DOMINION RESOURCES	COM	25746U109	4,735	61,578	SH		SOLE		0	0	61,578
DOMINION RESOURCES	COM	25746U109	76	1,000	SH		OTR		0	0	1,000
DOW CHEMICAL	COM	260543103	558	12,235	SH		SOLE		0	0	12,235
DU PONT	COM	263534109	5,128	69,362	SH		SOLE		0	0	69,362
DU PONT	COM	263534109	36	500	SH		OTR		0	0	500
DUKE ENERGY CORP NEW	COM	26441c204	3,916	46,882	SH		SOLE		0	0	46,882
DUKE REALTY INVESTMENTS	COM	264411505	826	40,897	SH		SOLE		0	0	40,897
EASTMAN CHEMICAL	COM	277432100	1,192	15,720	SH		SOLE		0	0	15,720
EDWARDS LIFESCIENCES	COM	28176E108	420	3,302	SH		SOLE		0	0	3,302
ELI LILLY	COM	532457108	403	5,849	SH		SOLE		0	0	5,849
EMC	COM	268648102	1,991	66,974	SH		SOLE		0	0	66,974
EMERSON ELECTRIC	COM	291011104	1,787	28,950	SH		SOLE		0	0	28,950
ENERGY TRANSFER EQUITY COM UT	COM	29273V100	1,950	33,990	SH		SOLE		0	0	33,990
ENERGY TRANSFER PARTNERS LP ML	COM	29273R109	1,084	16,682	SH		SOLE		0	0	16,682
ENTERPRISE PRODUCTS PARTNERS L	COM	293792107	10,476	290,040	SH		SOLE		0	0	290,040
ENTERPRISE PRODUCTS PARTNERS L	COM	293792107	65	1,810	SH		OTR		0	0	1,810
EOG RESOURCES	COM	26875P101	469	5,100	SH		SOLE		0	0	5,100
EQUITY RESIDENTIAL	COM	29476L107	422	5,875	SH		SOLE		0	0	5,875
EXPRESS SCRIPTS	COM	30219g108	1,227	14,496	SH		SOLE		0	0	14,496
EXXON MOBIL	COM	30231G102	14,529	157,158	SH		SOLE		0	0	157,158
EXXON MOBIL	COM	30231G102	390	4,224	SH		OTR		0	0	4,224
F M C CORP COM NEW	COM	302491303	578	10,150	SH		SOLE		0	0	10,150
FACEBOOK INC CL A	COM	30303m102	2,938	37,664	SH		SOLE		0	0	37,664
FEDEX	COM	31428x106	1,817	10,468	SH		SOLE		0	0	10,468
FIRST TR EXCH TRD FD DJ INTERN	COM	33733E302	6,605	107,715	SH		SOLE		0	0	107,715
FIRST TR ISE WTR INDEX COM	COM	33733B100	262	7,780	SH		SOLE		0	0	7,780
FIRST TRUST ENERGY INCOME & GR	COM	33738g104	1,213	33,251	SH		SOLE		0	0	33,251
FLUOR	COM	343412102	312	5,150	SH		SOLE		0	0	5,150
FORD MOTOR	COM	345370860	268	17,299	SH		SOLE		0	0	17,299
FREEPORT MCMORAN COPPER & GOLD	COM	35671d857	416	17,850	SH		SOLE		0	0	17,850
FTSE/XINHUA CHINA 25	COM	464287184	499	11,990	SH		SOLE		0	0	11,990
GENERAL DYNAMICS	COM	369550108	2,570	18,680	SH		SOLE		0	0	18,680
GENERAL ELECTRIC	COM	369604103	7,325	289,883	SH		SOLE		0	0	289,883
GENERAL MILLS	COM	370334104	2,681	50,280	SH		SOLE		0	0	50,280
GENERAL MILLS	COM	370334104	31	600	SH		OTR		0	0	600
GENESIS ENERGY LP MLP	COM	371927104	1,094	25,805	SH		SOLE		0	0	25,805
GENUINE PARTS	COM	372460105	293	2,750	SH		SOLE		0	0	2,750
GILEAD SCIENCES	COM	375558103	1,619	17,185	SH		SOLE		0	0	17,185
GLAXOSMITHKLINE ADR	COM	37733W105	395	9,242	SH		SOLE		0	0	9,242
GOLDMAN SACHS GROUP	COM	38141G104	479	2,475	SH		SOLE		0	0	2,475
GOLDMAN SACHS TECHNOLOGY	COM	464287549	216	2,120	SH		SOLE		0	0	2,120
GOOGLE INC CL A	COM	38259P508	2,956	5,572	SH		SOLE		0	0	5,572
GOOGLE INC CL C	COM	38259P706	2,969	5,642	SH		SOLE		0	0	5,642
HEALTH CARE PROPERTY INVS	COM	40414l109	538	12,225	SH		SOLE		0	0	12,225
HELMERICH & PAYNE	COM	423452101	407	6,050	SH		SOLE		0	0	6,050
HERSHEY COMPANY	COM	427866108	2,685	25,835	SH		SOLE		0	0	25,835
HERSHEY COMPANY	COM	427866108	51	500	SH		OTR		0	0	500
HOLLY ENERGY PARTNERS LP	COM	435763107	465	15,560	SH		SOLE		0	0	15,560
HOME DEPOT	COM	437076102	8,087	77,046	SH		SOLE		0	0	77,046
HONEYWELL INTERNATIONAL	COM	438516106	5,501	55,058	SH		SOLE		0	0	55,058
IBM	COM	459200101	8,052	50,189	SH		SOLE		0	0	50,189
IBM	COM	459200101	64	400	SH		OTR		0	0	400
ILLINOIS TOOL WORKS	COM	452308109	490	5,174	SH		SOLE		0	0	5,174
INGERSOLL RAND	COM	G47791101	2,231	35,210	SH		SOLE		0	0	35,210
INTEL	COM	458140100	2,459	67,765	SH		SOLE		0	0	67,765
INTERNATIONAL PAPER	COM	460146103	2,769	51,684	SH		SOLE		0	0	51,684
ISHARES TR DJ INS INDX FD	COM	464288786	1,558	31,160	SH		SOLE		0	0	31,160
ISHARES TR DJ OIL EQUIP	COM	464288844	816	16,334	SH		SOLE		0	0	16,334
ISHARES TR DJ OIL EQUIP	COM	464288844	24	500	SH		OTR		0	0	500
ISHARES TR DJ PHARMA INDX	COM	464288836	6,441	42,545	SH		SOLE		0	0	42,545
ISHARES TR DJ US FINL SEC	COM	464287788	677	7,510	SH		SOLE		0	0	7,510
ISHARES TR DJ US REAL EST	COM	464287739	401	5,225	SH		SOLE		0	0	5,225
ISHARES TR HGH DIV EQT FD	COM	46429B663	202	2,640	SH		SOLE		0	0	2,640
ISHARES TR RESIDENT INDEX	COM	464288562	307	5,222	SH		SOLE		0	0	5,222
ISHARES TR S&P GL C STAPL	COM	464288737	349	3,895	SH		SOLE		0	0	3,895
JOHNSON & JOHNSON	COM	478160104	11,486	109,840	SH		SOLE		0	0	109,840
JOHNSON CONTROLS	COM	478366107	328	6,800	SH		SOLE		0	0	6,800
JONES LANG LASALLE	COM	48020Q107	569	3,800	SH		SOLE		0	0	3,800
JP MORGAN CHASE	COM	46625H100	5,346	85,433	SH		SOLE		0	0	85,433
JP MORGAN CHASE	COM	46625H100	18	300	SH		OTR		0	0	300
JPMORGAN CHASE & CO ALERIAN ML	COM	46625H365	473	10,300	SH		SOLE		0	0	10,300
KAYNE ANDERSON MLP	COM	486606106	1,220	31,967	SH		SOLE		0	0	31,967
KELLOGG	COM	487836108	258	3,950	SH		SOLE		0	0	3,950
KIMBERLY CLARK	COM	494368103	1,674	14,497	SH		SOLE		0	0	14,497
KIMBERLY CLARK	COM	494368103	34	300	SH		OTR		0	0	300
KINDER MORGAN	COM	49456B101	4,455	105,315	SH		SOLE		0	0	105,315
KRAFT FOODS GROUP INC COM	COM	50076Q106	730	11,655	SH		SOLE		0	0	11,655
KROGER	COM	501044101	1,840	28,658	SH		SOLE		0	0	28,658
LABORATORY CORP OF AMERICA	COM	50540R409	458	4,250	SH		SOLE		0	0	4,250
LAM RESEARCH	COM	512807108	460	5,800	SH		SOLE		0	0	5,800
LEAR CORP	COM	521865204	1,000	10,200	SH		SOLE		0	0	10,200
LINCOLN NATIONAL	COM	534187109	227	3,950	SH		SOLE		0	0	3,950
LOCKHEED MARTIN	COM	539830109	1,623	8,433	SH		SOLE		0	0	8,433
LOWES COMPANIES	COM	548661107	1,697	24,675	SH		SOLE		0	0	24,675
LYONDELLBASELL INDUSTR SHS - A	COM	N53745100	254	3,200	SH		SOLE		0	0	3,200
MAGELLAN MIDSTREAM PARTNERS LP	COM	559080106	9,720	117,590	SH		SOLE		0	0	117,590
MAGELLAN MIDSTREAM PARTNERS LP	COM	559080106	99	1,200	SH		OTR		0	0	1,200
MAGNA INTL INC CL A	COM	559222401	671	6,175	SH		SOLE		0	0	6,175
MANNKIND CORP COM	COM	56400P201	52	10,000	SH		SOLE		0	0	10,000
MARKET VECTORS ETF TR BIOTECH	COM	57060U183	5,981	51,841	SH		SOLE		0	0	51,841
MARKWEST ENERGY PARTNERS LP ML	COM	570759100	1,104	16,440	SH		SOLE		0	0	16,440
MASTERCARD INC COM	COM	57636Q104	927	10,770	SH		SOLE		0	0	10,770
MCCORMICK & CO INC COM NON VTG	COM	579780206	237	3,200	SH		SOLE		0	0	3,200
MCDONALDS	COM	580135101	5,449	58,159	SH		SOLE		0	0	58,159
MCKESSON	COM	58155Q103	2,241	10,800	SH		SOLE		0	0	10,800
MEAD JOHNSON NUTRI CO COM CL A	COM	582839106	1,411	14,035	SH		SOLE		0	0	14,035
MEDTRONIC	COM	585055106	573	7,950	SH		SOLE		0	0	7,950
MERCK & CO INC NEW COM	COM	58933Y105	2,908	51,216	SH		SOLE		0	0	51,216
MERRIMACK PHARMACEUTIC COM	COM	590328100	182	16,142	SH		SOLE		0	0	16,142
MICRON TECHNOLOGY	COM	595112103	208	5,950	SH		SOLE		0	0	5,950
MICROSOFT	COM	594918104	2,069	44,553	SH		SOLE		0	0	44,553
MID-AMERICA APARTMENT COMMUNIT	COM	59522J103	216	2,900	SH		SOLE		0	0	2,900
MIMEDX GROUP INC COM	COM	602496101	242	21,000	SH		SOLE		0	0	21,000
MMM (3M COMPANY)	COM	88579Y101	10,934	66,546	SH		SOLE		0	0	66,546
MONDELEZ INTL INC CL A	COM	609207105	397	10,948	SH		SOLE		0	0	10,948
MORGAN STANLEY EMERGING	COM	617477104	121	11,531	SH		SOLE		0	0	11,531
MRI INTERVENTIONS INC COM	COM	55347P100	66	80,000	SH		SOLE		0	0	80,000
MSCI EAFE	COM	464287465	3,063	50,351	SH		SOLE		0	0	50,351
MSCI EMERGING MARKET	COM	464287234	381	9,704	SH		SOLE		0	0	9,704
NATIONAL FUEL GAS	COM	636180101	333	4,795	SH		SOLE		0	0	4,795
NATIONAL GRID PLC ADR	COM	636274300	250	3,539	SH		SOLE		0	0	3,539
NATIONAL GRID PLC ADR	COM	636274300	12	175	SH		OTR		0	0	175
NATIONAL OILWELL VARCO	COM	637071101	352	5,375	SH		SOLE		0	0	5,375
NETEASE.COM ADR	COM	64110W102	416	4,200	SH		SOLE		0	0	4,200
NEW JERSEY RESOURCES	COM	646025106	308	5,045	SH		SOLE		0	0	5,045
NEW YORK MTG TR INC COM PAR $.	COM	649604501	108	14,100	SH		SOLE		0	0	14,100
NEXTERA ENERGY INC COM	COM	65339F101	949	8,934	SH		SOLE		0	0	8,934
NIKE	COM	654106103	528	5,500	SH		SOLE		0	0	5,500
NORFOLK SOUTHERN	COM	655844108	1,624	14,825	SH		SOLE		0	0	14,825
NORTHEAST UTILITIES	COM	664397106	438	8,201	SH		SOLE		0	0	8,201
NORTHEAST UTILITIES	COM	664397106	77	1,443	SH		OTR		0	0	1,443
NORTHROP GRUMMAN	COM	666807102	566	3,842	SH		SOLE		0	0	3,842
NOVARTIS AG ADR	COM	66987V109	1,385	14,949	SH		SOLE		0	0	14,949
NUSTAR ENERGY LP UNIT COM	COM	67058H102	202	3,500	SH		SOLE		0	0	3,500
NUSTAR ENERGY LP UNIT COM	COM	67058H102	29	511	SH		OTR		0	0	511
NUSTAR GP HOLDINGS LLC UNIT RE	COM	67059L102	230	6,700	SH		SOLE		0	0	6,700
OCCIDENTAL PETROLEUM	COM	674599105	827	10,263	SH		SOLE		0	0	10,263
OCCIDENTAL PETROLEUM	COM	674599105	16	210	SH		OTR		0	0	210
ONEOK	COM	682680103	268	5,390	SH		SOLE		0	0	5,390
ONEOK PARTNERS LP MLP	COM	68268N103	1,397	35,257	SH		SOLE		0	0	35,257
ORACLE	COM	68389X105	927	20,617	SH		SOLE		0	0	20,617
OTTER TAIL	COM	689648103	371	12,000	SH		SOLE		0	0	12,000
PALL	COM	696429307	202	2,000	SH		SOLE		0	0	2,000
PENTAIR PLC SHS	COM	G7S00T104	268	4,037	SH		SOLE		0	0	4,037
PEPSICO	COM	713448108	8,701	92,020	SH		SOLE		0	0	92,020
PEPSICO	COM	713448108	47	500	SH		OTR		0	0	500
PERRIGO CO PCL SHS	COM	G97822103	702	4,200	SH		SOLE		0	0	4,200
PFIZER	COM	717081103	1,429	45,876	SH		SOLE		0	0	45,876
PG & E	COM	69331C108	385	7,250	SH		SOLE		0	0	7,250
PHILIP MORRIS INTL INC COM	COM	718172109	2,173	26,686	SH		SOLE		0	0	26,686
PIEDMONT NATURAL GAS	COM	720186105	764	19,395	SH		SOLE		0	0	19,395
PIEDMONT NATURAL GAS	COM	720186105	47	1,200	SH		OTR		0	0	1,200
PIONEER NATURAL RESOURCES	COM	723787107	7,792	52,350	SH		SOLE		0	0	52,350
PLAINS ALL AMERICAN PIPELINE L	COM	726503105	3,571	69,592	SH		SOLE		0	0	69,592
PLAINS ALL AMERICAN PIPELINE L	COM	726503105	41	800	SH		OTR		0	0	800
POWERSHARES DYNAMIC BIOTECH &	COM	73935x856	205	4,090	SH		SOLE		0	0	4,090
POWERSHARES ETF TRUST CON STAP	COM	73935X393	578	11,365	SH		SOLE		0	0	11,365
POWERSHARES ETF TRUST ENERGY S	COM	73935X385	413	9,219	SH		SOLE		0	0	9,219
POWERSHARES ETF TRUST NASD INT	COM	73935X146	239	3,565	SH		SOLE		0	0	3,565
POWERSHARES ETF TRUST WATER RE	COM	73935X575	209	8,120	SH		SOLE		0	0	8,120
POWERSHARES QQQ TRUST UNIT SER	COM	73935A104	12,963	125,554	SH		SOLE		0	0	125,554
POWERSHARES QQQ TRUST UNIT SER	COM	73935A104	30	300	SH		OTR		0	0	300
PPL	COM	69351T106	445	12,256	SH		SOLE		0	0	12,256
PRECISION CASTPARTS	COM	740189105	686	2,850	SH		SOLE		0	0	2,850
PROCTER & GAMBLE	COM	742718109	9,107	99,984	SH		SOLE		0	0	99,984
PROCTER & GAMBLE	COM	742718109	36	400	SH		OTR		0	0	400
PRUDENTIAL FINANCIAL	COM	744320102	340	3,761	SH		SOLE		0	0	3,761
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	1,950	47,100	SH		SOLE		0	0	47,100
PUBLIC SERVICE ENTERPRISE GROU	COM	744573106	75	1,812	SH		OTR		0	0	1,812
RAYTHEON	COM	755111507	211	1,952	SH		SOLE		0	0	1,952
REALTY INCOME CORP COM	COM	756109104	205	4,300	SH		SOLE		0	0	4,300
REDWOOD TR INC COM	COM	758075402	337	17,150	SH		SOLE		0	0	17,150
REGENERON PHARMA INC COM	COM	75886F107	533	1,300	SH		SOLE		0	0	1,300
REYNOLDS AMERICAN	COM	761713106	347	5,400	SH		SOLE		0	0	5,400
ROPER INDUSTRIES	COM	776696106	625	4,000	SH		SOLE		0	0	4,000
ROSE ROCK MIDSTREAM L COM U RE	COM	777149105	599	13,200	SH		SOLE		0	0	13,200
ROYAL DUTCH CL A ADR NEW	COM	780259206	749	11,201	SH		SOLE		0	0	11,201
ROYAL DUTCH CL A ADR NEW	COM	780259206	27	413	SH		OTR		0	0	413
ROYAL DUTCH CL B ADR NEW	COM	780259107	221	3,181	SH		SOLE		0	0	3,181
RUSSELL MIDCAP GROWTH	COM	464287481	1,267	13,599	SH		SOLE		0	0	13,599
SANDISK	COM	80004c101	965	9,850	SH		SOLE		0	0	9,850
SCANA	COM	80589M102	238	3,944	SH		SOLE		0	0	3,944
SCHLUMBERGER	COM	806857108	4,158	48,682	SH		SOLE		0	0	48,682
SCHLUMBERGER	COM	806857108	34	400	SH		OTR		0	0	400
SEAGATE TECHNOLOGY PLC SHS	COM	G7945M107	256	3,856	SH		SOLE		0	0	3,856
SEALED AIR	COM	81211K100	212	5,000	SH		SOLE		0	0	5,000
SELECT SECTOR SPDR TR SBI CONS	COM	81369Y407	333	4,620	SH		SOLE		0	0	4,620
SELECT SECTOR SPDR TR SBI CONS	COM	81369Y308	1,547	31,918	SH		SOLE		0	0	31,918
SELECT SECTOR SPDR TR SBI INT-	COM	81369Y605	7,279	294,353	SH		SOLE		0	0	294,353
SELECT SECTOR SPDR TR SBI INT-	COM	81369Y605	24	1,000	SH		OTR		0	0	1,000
SIEMENS A G SPONSORED ADR	COM	826197501	2,102	18,775	SH		SOLE		0	0	18,775
SIMON PROPERTY	COM	828806109	643	3,536	SH		SOLE		0	0	3,536
SKYWORKS SOLUTIONS	COM	83088m102	665	9,150	SH		SOLE		0	0	9,150
SMUCKER JM	COM	832696405	252	2,500	SH		SOLE		0	0	2,500
SOUTHERN COMPANY	COM	842587107	2,171	44,215	SH		SOLE		0	0	44,215
SP 500 GROWTH	COM	464287309	251	2,254	SH		SOLE		0	0	2,254
SPDR DOW JONES INDL AV UT SER	COM	78467X109	6,335	35,615	SH		SOLE		0	0	35,615
SPDR ENERGY	COM	81369Y506	2,858	36,104	SH		SOLE		0	0	36,104
SPDR HEALTH CARE	COM	81369y209	17,840	260,908	SH		SOLE		0	0	260,908
SPDR INDEX SHS FDS EURO STOXX	COM	78463X202	4,315	117,076	SH		SOLE		0	0	117,076
SPDR INDUSTRIAL SECTOR	COM	81369y704	3,627	64,105	SH		SOLE		0	0	64,105
SPDR MATERIALS SECTOR	COM	81369y100	1,496	30,803	SH		SOLE		0	0	30,803
SPDR MATERIALS SECTOR	COM	81369y100	4	100	SH		OTR		0	0	100
SPDR MID CAP 400	COM	78467Y107	298	1,129	SH		SOLE		0	0	1,129
SPDR SERIES TRUST S&P BIOTECH	COM	78464A870	2,183	11,710	SH		SOLE		0	0	11,710
SPDR SERIES TRUST S&P OILGAS E	COM	78464a730	266	5,575	SH		SOLE		0	0	5,575
SPDR SERIES TRUST S&P RETAIL E	COM	78464A714	680	7,092	SH		SOLE		0	0	7,092
SPDR SERIES TRUST S&P RETAIL E	COM	78464A714	33	350	SH		OTR		0	0	350
SPDR SERIES TRUST S&P SEMICNDC	COM	78464A862	302	3,800	SH		SOLE		0	0	3,800
SPDR SP500 TRUST SR 1	COM	78462F103	7,975	38,804	SH		SOLE		0	0	38,804
SPDR UTILITIES SELECT	COM	81369Y886	2,928	62,014	SH		SOLE		0	0	62,014
ST JUDE MEDICAL	COM	790849103	1,289	19,825	SH		SOLE		0	0	19,825
STANLEY BLACK & DECKER COM	COM	854502101	384	4,000	SH		SOLE		0	0	4,000
STARBUCKS	COM	855244109	2,162	26,360	SH		SOLE		0	0	26,360
STARWOOD PPTY TR INC COM	COM	85571B105	639	27,500	SH		SOLE		0	0	27,500
STATE STREET	COM	857477103	416	5,300	SH		SOLE		0	0	5,300
STREETTRACKS GOLD SHARES	COM	78463v107	507	4,472	SH		SOLE		0	0	4,472
STREETTRACKS INDEX SHS DJ STOX	COM	78463X103	1,526	44,600	SH		SOLE		0	0	44,600
STREETTRACKS INDEX SHS S&P CHI	COM	78463x400	366	4,600	SH		SOLE		0	0	4,600
STREETTRACKS MORGAN STANLEY TE	COM	78464a102	1,744	17,135	SH		SOLE		0	0	17,135
STRYKER	COM	863667101	1,759	18,650	SH		SOLE		0	0	18,650
SUBURBAN PROPANE PARTNERS LP	COM	864482104	312	7,224	SH		SOLE		0	0	7,224
SUNOCO LOGISTICS PT LP COM UNI	COM	86764L108	643	15,400	SH		SOLE		0	0	15,400
T ROWE PRICE	COM	74144t108	364	4,240	SH		SOLE		0	0	4,240
T-MOBILE US INC COM	COM	872590104	383	14,250	SH		SOLE		0	0	14,250
TARGA RES PARTNERS LP COM UNIT	COM	87611X105	562	11,757	SH		SOLE		0	0	11,757
TATA MOTORS ADR	COM	876568502	395	9,350	SH		SOLE		0	0	9,350
TECHNOLOGY SELECT SECT SPDR	COM	81369Y803	3,401	82,255	SH		SOLE		0	0	82,255
TEEKAY LNG PARTNERS LP MLP	COM	y8564M105	356	8,280	SH		SOLE		0	0	8,280
TEEKAY OFFSHORE PTN LP PARTNER	COM	Y8565J101	207	7,750	SH		SOLE		0	0	7,750
TELUS CORP COM	COM	87971M103	404	11,220	SH		SOLE		0	0	11,220
TESLA MTRS INC COM	COM	88160R101	488	2,195	SH		SOLE		0	0	2,195
TICC CAPITAL CORP COM	COM	87244T109	83	11,087	SH		SOLE		0	0	11,087
TIME WARNER	COM	887317303	365	4,275	SH		SOLE		0	0	4,275
TITAN MED INC COM	COM	88830X108	22	18,950	SH		SOLE		0	0	18,950
TOWERS WATSON & CO CL A	COM	891894107	1,069	9,450	SH		SOLE		0	0	9,450
TOYOTA MOTOR ADR	COM	892331307	789	6,295	SH		SOLE		0	0	6,295
TRANSCANADA	COM	89353D107	324	6,600	SH		SOLE		0	0	6,600
TRANSMONTAIGNE PARTNERS LP MLP	COM	89376v100	733	23,275	SH		SOLE		0	0	23,275
TRAVELERS COMPANIES COM	COM	89417E109	254	2,402	SH		SOLE		0	0	2,402
TYCO INTL PLC SHS	COM	G91442106	231	5,288	SH		SOLE		0	0	5,288
UBS AG JERSEY BRH ALERIAN INFR	COM	902641646	3,314	81,645	SH		SOLE		0	0	81,645
UGI CORP	COM	902681105	1,498	39,450	SH		SOLE		0	0	39,450
UGI CORP	COM	902681105	153	4,050	SH		OTR		0	0	4,050
UNION PACIFIC	COM	907818108	6,969	58,506	SH		SOLE		0	0	58,506
UNION PACIFIC	COM	907818108	190	1,600	SH		OTR		0	0	1,600
UNITED PARCEL SERVICE CL B	COM	911312106	4,089	36,784	SH		SOLE		0	0	36,784
UNITED RENTALS	COM	911363109	739	7,245	SH		SOLE		0	0	7,245
UNITED TECHNOLOGIES	COM	913017109	11,824	102,821	SH		SOLE		0	0	102,821
UNITED TECHNOLOGIES	COM	913017109	46	400	SH		OTR		0	0	400
UNITEDHEALTH GROUP	COM	91324P102	721	7,141	SH		SOLE		0	0	7,141
VALEANT PHARMACEUTICAL COM	COM	91911K102	2,186	15,281	SH		SOLE		0	0	15,281
VANGUARD EMERGING MARKETS VIPE	COM	922042858	2,864	71,582	SH		SOLE		0	0	71,582
VANGUARD INDEX FDS GROWTH ETF	COM	922908736	262	2,519	SH		SOLE		0	0	2,519
VANGUARD INDEX FDS REIT ETF	COM	922908553	3,088	38,130	SH		SOLE		0	0	38,130
VANGUARD INTL EQTY IDX ALLWRLD	COM	922042775	380	8,125	SH		SOLE		0	0	8,125
VANGUARD SPECIALIZED DIV APP E	COM	921908844	276	3,402	SH		SOLE		0	0	3,402
VANGUARD TELECOM SERVICES VIPE	COM	92204A884	989	11,679	SH		SOLE		0	0	11,679
VANGUARD WORLD FDS HEALTH CAR	COM	92204A504	1,361	10,843	SH		SOLE		0	0	10,843
VANGUARD WORLD FDS INF TECH ET	COM	92204A702	8,968	85,839	SH		SOLE		0	0	85,839
VENTAS	COM	92276F100	494	6,900	SH		SOLE		0	0	6,900
VERIZON COMMUNICATIONS	COM	92343V104	11,790	252,048	SH		SOLE		0	0	252,048
VERIZON COMMUNICATIONS	COM	92343V104	169	3,628	SH		OTR		0	0	3,628
VIACOM CL B NEW	COM	92553P201	407	5,415	SH		SOLE		0	0	5,415
VISA INC COM CL A	COM	92826C839	2,146	8,185	SH		SOLE		0	0	8,185
VODAFONE GROUP PLC ADR	COM	92857W308	395	11,578	SH		SOLE		0	0	11,578
VODAFONE GROUP PLC ADR	COM	92857W308	25	754	SH		OTR		0	0	754
WAL-MART STORES	COM	931142103	2,940	34,235	SH		SOLE		0	0	34,235
WALGREENS BOOTS ALLIAN COM	COM	931427108	963	12,640	SH		SOLE		0	0	12,640
WALT DISNEY	COM	254687106	8,291	88,027	SH		SOLE		0	0	88,027
WELLS FARGO	COM	949746101	1,936	35,325	SH		SOLE		0	0	35,325
WESTAR ENERGY	COM	95709T100	459	11,150	SH		SOLE		0	0	11,150
WESTERN GAS PARTNRS LP COM UNI	COM	958254104	688	9,425	SH		SOLE		0	0	9,425
WEYERHAEUSER	COM	962166104	617	17,195	SH		SOLE		0	0	17,195
WHIRLPOOL	COM	963320106	581	3,000	SH		SOLE		0	0	3,000
WHOLE FOODS MKT INC COM	COM	966837106	1,053	20,900	SH		SOLE		0	0	20,900
WILLIAMS PARTNERS L P COM UNIT	COM	96950F104	400	8,956	SH		SOLE		0	0	8,956
WISCONSIN ENERGY	COM	976657106	213	4,042	SH		SOLE		0	0	4,042
WISDOMTREE TRUST LRGECP VALUE	COM	97717W547	670	10,292	SH		SOLE		0	0	10,292
YAHOO	COM	984332106	4,750	94,055	SH		SOLE		0	0	94,055
YUM! BRANDS	COM	988498101	969	13,315	SH		SOLE		0	0	13,315
PIMCO FDS PAC INVT MGM INV GR	MF	722005816	105	10,000	SH		SOLE		0	0	10,000
ISHARES TR US PFD STK IDX	PFD	464288687	346	8,792	SH		SOLE		0	0	8,792
MANNKIND CORP WT 020816	WT	56400P508	36	20,000	SH		SOLE		0	0	20,000