BANK DEPOSITS (Tables)

9 Months Ended

Jun. 30, 2011

Bank deposits include Negotiable Order of Withdrawal (“NOW”) accounts, demand deposits, savings and Money Market accounts and certificates of deposit. The following table presents a summary of bank deposits including the weighted-average rate:

	June 30, 2011					September 30, 2010
	Balance		Weighted- Average Rate (1)			Balance		Weighted- Average Rate (1)
	($ in thousands)
Bank deposits:
NOW accounts	$	4,570		0.01	%	$	3,563		0.01	%
Demand deposits (non-interest-bearing) (2)		5,440		-			3,089		-
Savings and Money Market accounts (2) (3)		6,695,349		0.08	%		6,855,490		0.12	%
Certificates of deposit		239,099		2.67	%		217,576		2.94	%
Total bank deposits	$	6,944,458		0.17	%	$	7,079,718		0.21	%

(1)	Weighted-average rate calculation is based on the actual deposit balances at June 30, 2011 and September 30, 2010, respectively.

(2)	Bank deposits exclude affiliate deposits of approximately $1 million and $400 million at June 30, 2011 and September 30, 2010, respectively.

(3)

Bank deposits at September 30, 2010 include additional deposits received through the Raymond James Bank Deposit Program (“RJBDP”) associated with the point-in-time regulatory balance sheet composition requirements of RJ Bank. These deposits were redirected in October, 2010 to other RJBDP participating banks. See Note 22, page 130, of our 2010 Form 10-K for discussion of the September 30, 2010 point-in-time regulatory requirements.

RJ Bank's Savings and Money Market accounts in the table above consist primarily of deposits that are cash balances swept from the investment accounts maintained at RJ&A. These balances are held in Federal Deposit Insurance Corporation (“FDIC”) insured bank accounts through the RJBDP administered by RJ&A.

Scheduled maturities of certificates of deposit

Scheduled maturities of certificates of deposit are as follows:

	June 30, 2011				September 30, 2010
	Denominations Greater than or Equal to $100,000		Denominations Less than $100,000		Denominations Greater than or Equal to $100,000		Denominations Less than $100,000
	(in thousands)

Three months or less	$	13,169	$	17,101	$	6,378	$	10,734
Over three through six months		4,155		7,055		5,098		10,921
Over six through twelve months		7,580		10,939		14,982		26,387
Over one through two years		12,897		17,718		6,925		15,905
Over two through three years		12,854		15,650		16,084		14,621
Over three through four years		24,183		29,194		9,064		14,349
Over four through five years		32,903		33,701		29,806		36,322
Total	$	107,741	$	131,358	$	88,337	$	129,239

Interest expense on deposits

Interest expense on deposits is summarized as follows:

	Three months ended June 30,				Nine months ended June 30,
	2011		2010		2011		2010
	(in thousands)

Certificates of Deposit	$	1,589	$	1,654	$	4,718	$	4,951
Money Market, savings and NOW accounts		1,215		2,284		4,843		7,245
Total interest expense on deposits	$	2,804	$	3,938	$	9,561	$	12,196