INTEREST INCOME AND INTEREST EXPENSE (Tables)

9 Months Ended

Jun. 30, 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 June 30,					Nine months ended June 30,
	2015		2014			2015			2014
	(in thousands)
Interest income:
Margin balances	$	16,755	$	16,894		$	50,268		$	51,309
Assets segregated pursuant to regulations and other segregated assets	3,350		3,666			10,139			11,854
Bank loans, net of unearned income	103,017		86,231			299,829			251,079
Available for sale securities	1,234		1,598			3,830			5,176
Trading instruments	4,636		4,750			14,061			13,893
Stock loan	2,910		2,200			10,120			6,882
Loans to financial advisors	1,774		1,528			5,211			4,831
Corporate cash and all other	3,471		2,524			10,211			9,853
Total interest income	$	137,147	$	119,391		$	403,669		$	354,877
Interest expense:
Brokerage client liabilities	$	213	$	273		$	737		$	990
Retail bank deposits	2,077		1,980			6,304			5,864
Trading instruments sold but not yet purchased	1,158		1,075			3,376			3,198
Stock borrow	1,082		900			4,495			2,206
Borrowed funds	1,983		1,128			4,171			2,976
Senior notes	19,010		19,010			57,029			57,030
Interest expense of consolidated VIEs	404		653			1,470			2,237
Other	1,797		2,033			4,372			3,903
Total interest expense	27,724		27,052			81,954			78,404
Net interest income	109,423		92,339			321,715			276,473
Add (subtract): benefit (provision) for loan losses	3,009		(4,467		)	(10,293		)	(8,082		)
Net interest income after benefit (provision) for loan losses	$	112,432	$	87,872		$	311,422		$	268,391