OTHER BORROWINGS

9 Months Ended

Jun. 30, 2011

OTHER BORROWINGS [Abstract]

OTHER BORROWINGS

NOTE 9 – OTHER BORROWINGS

The following table details the components of other borrowings:

	June 30, 2011		September 30, 2010
	(in thousands)
Other borrowings:
FHLB advances(1)	$	-	$	2,445,000
Borrowings on secured lines of credit (2)		-		62,000
Borrowings on unsecured lines of credit (3)		-		50,000
Total other borrowings	$	-	$	2,557,000

(1)   There are no FHLB advances outstanding as of June 30, 2011.

As of September 30, 2010, FHLB advances consisted of several short-term fixed-rate advances and one $2.4 billion overnight advance to meet point-in-time regulatory balance sheet composition requirements related to RJ Bank qualifying as a thrift institution. The overnight advance was repaid on October 1, 2010.  See Note 22, pages 129 – 130, of our 2010 Form 10-K for further discussion of the point-in-time requirement.

(2)   There are no outstanding borrowings on secured lines of credit as of June 30, 2011.  Any borrowings on secured lines of credit are day-to-day and are generally utilized to finance certain fixed income securities.

(3)   There are no outstanding borrowings on unsecured lines of credit as of June 30, 2011.  Any borrowings on unsecured lines of credit are day-to-day and are generally utilized for cash management purposes.

We maintain three unsecured settlement lines of credit available to our Argentine joint venture in the aggregate amount of $13.5 million. Of the aggregate amount, one settlement line for $9 million is guaranteed by RJF.  There were no borrowings outstanding on these lines of credit as of either June 30, 2011 or September 30, 2010.

As of June 30, 2011, there were other collateralized financings outstanding in the amount of $65 million. These other collateralized financings are included in securities sold under agreements to repurchase on the Condensed Consolidated Statements of Financial Condition. As of September 30, 2010, in addition to the $62 million of secured borrowings and $50 million in unsecured borrowings described above, there were other collateralized financings outstanding in the amount of $233.3 million which are included in securities sold under agreements to repurchase on the Condensed Consolidated Statements of Financial Condition. These financings are collateralized by non-customer, RJ&A-owned securities.