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INTEREST INCOME AND INTEREST EXPENSE (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Interest income:        
Assets segregated pursuant to regulations $ 11 $ 17 $ 22 $ 32
Trading instruments 7 6 13 13
Available-for-sale securities 19 17 37 33
Margin loans 21 31 48 63
Bank loans, net of unearned income 198 220 404 434
Loans to financial advisors 5 5 10 9
Corporate cash and all other 24 28 48 56
Total Interest income 285 324 582 640
Interest expense:        
Bank deposits 12 37 28 72
Trading instruments sold but not yet purchased 1 2 2 4
Brokerage client payables 3 5 6 11
Other borrowings 5 5 10 11
Senior notes payable 19 18 37 36
Other 3 8 11 14
Total interest expense 43 75 94 148
Net interest income 242 249 488 492
Bank loan loss provision (109) (5) (107) (21)
Net interest income after bank loan loss provision $ 133 $ 244 $ 381 $ 471