RECEIVABLES FROM AND PAYABLES TO BROKERAGE CLIENTS

12 Months Ended

Sep. 30, 2011

RECEIVABLES FROM AND PAYABLES TO BROKERAGE CLIENTS [Abstract]

RECEIVABLES FROM AND PAYABLES TO BROKERAGE CLIENTS

NOTE 6 – RECEIVABLES FROM AND PAYABLES TO BROKERAGE CLIENTS

Receivables from brokerage clients

Receivables from brokerage clients include amounts arising from normal cash and margin transactions and fees receivable. Margin receivables are collateralized by securities owned by brokerage clients. Such collateral is not reflected in the accompanying consolidated financial statements. The amount receivable from clients is as follows:

	September 30,
	2011			2010
	(in thousands)
Brokerage client receivables	$	1,719,008		$	1,677,798
Allowance for doubtful accounts		(2,180	)		(2,263	)
Brokerage client receivables, net	$	1,716,828		$	1,675,535

Payables to brokerage clients

Payables to brokerage clients include brokerage client funds on deposit awaiting reinvestment.  The following table presents a summary of such payables:

	September 30,
	2011		2010
	(in thousands)
Brokerage client payables:
Interest bearing	$	4,420,283	$	2,985,484
Non-interest bearing		270,131		322,631
Total brokerage client payables	$	4,690,414	$	3,308,115