INTEREST INCOME AND INTEREST EXPENSE (Tables)

6 Months Ended

Mar. 31, 2015

Interest Income (Expense), Net [Abstract]

Interest Income and Interest Expense

The components of interest income and interest expense are as follows:

	Three months ended March 31,						Six months ended March 31,
	2015			2014			2015			2014
	(in thousands)
Interest income:
Margin balances	$	16,237		$	16,628		$	33,513		$	34,415
Assets segregated pursuant to regulations and other segregated assets	3,179			3,558			6,789			8,188
Bank loans, net of unearned income	100,054			83,639			196,812			164,848
Available for sale securities	1,284			1,655			2,596			3,578
Trading instruments	4,925			4,615			9,425			9,143
Stock loan	3,699			2,809			7,210			4,682
Loans to financial advisors	1,687			1,647			3,437			3,303
Corporate cash and all other	3,348			3,842			6,740			7,329
Total interest income	$	134,413		$	118,393		$	266,522		$	235,486
Interest expense:
Brokerage client liabilities	$	241		$	286		$	524		$	717
Retail bank deposits	2,090			1,939			4,227			3,884
Trading instruments sold but not yet purchased	1,133			1,255			2,218			2,123
Stock borrow	1,795			814			3,413			1,306
Borrowed funds	1,129			876			2,188			1,848
Senior notes	19,009			19,010			38,019			38,020
Interest expense of consolidated VIEs	537			797			1,066			1,584
Other	912			1,003			2,575			1,870
Total interest expense	26,846			25,980			54,230			51,352
Net interest income	107,567			92,413			212,292			184,134
Subtract: provision for loan losses	(3,937		)	(1,979		)	(13,302		)	(3,615		)
Net interest income after provision for loan losses	$	103,630		$	90,434		$	198,990		$	180,519