REVENUES

3 Months Ended

Dec. 31, 2020

Revenue from Contract with Customer [Abstract]

REVENUES

REVENUES

The following tables present our sources of revenues by segment. For further information about our significant accounting policies related to revenue recognition, see Note 2 of our 2020 Form 10-K. See Note 21 of this Form 10-Q for additional information on our segment results.

	Three months ended December 31, 2020
$ in millions	Private Client Group		Capital Markets		Asset Management		RJ Bank		Other and intersegment eliminations		Total
Revenues:
Asset management and related administrative fees	$	885	$	2	$	188	$	—	$	(8)	$	1,067
Brokerage revenues:
Securities commissions:
Mutual and other fund products	148		2		2		—		(1)		151
Insurance and annuity products	98		—		—		—		—		98
Equities, ETFs and fixed income products	95		37		—		—		—		132
Subtotal securities commissions	341		39		2		—		(1)		381
Principal transactions (1)	12		134		—		1		—		147
Total brokerage revenues	353		173		2		1		(1)		528
Account and services fees:
Mutual fund and annuity service fees	94		—		—		—		—		94
RJBDP fees	64		—		—		—		(43)		21
Client account and other fees	32		2		4		—		(8)		30
Total account and service fees	190		2		4		—		(51)		145
Investment banking:
Merger & acquisition and advisory	—		149		—		—		—		149
Equity underwriting	6		60		—		—		—		66
Debt underwriting	—		46		—		—		—		46
Total investment banking	6		255		—		—		—		261
Other:
Tax credit fund revenues	—		16		—		—		—		16
All other (1)	5		3		1		9		22		40
Total other	5		19		1		9		22		56
Total non-interest revenues	1,439		451		195		10		(38)		2,057
Interest income (1)	30		3		—		168		2		203
Total revenues	1,469		454		195		178		(36)		2,260
Interest expense	(2)		(2)		—		(11)		(23)		(38)
Net revenues	$	1,467	$	452	$	195	$	167	$	(59)	$	2,222

(1)    These revenues are generally not in scope of the accounting guidance for revenue from contracts with customers.

	Three months ended December 31, 2019
$ in millions	Private Client Group		Capital Markets		Asset Management		RJ Bank		Other and intersegment eliminations		Total
Revenues:
Asset management and related administrative fees	$	782	$	2	$	176	$	—	$	(5)	$	955
Brokerage revenues:
Securities commissions:
Mutual and other fund products	144		3		2		—		(1)		148
Insurance and annuity products	101		—		—		—		—		101
Equities, ETFs and fixed income products	85		30		—		—		(1)		114
Subtotal securities commissions	330		33		2		—		(2)		363
Principal transactions (1)	17		82		—		—		(2)		97
Total brokerage revenues	347		115		2		—		(4)		460
Account and services fees:
Mutual fund and annuity service fees	90		—		1		—		(1)		90
RJBDP fees	105		—		—		—		(47)		58
Client account and other fees	29		1		4		—		(4)		30
Total account and service fees	224		1		5		—		(52)		178
Investment banking:
Merger & acquisition and advisory	—		60		—		—		—		60
Equity underwriting	11		39		—		—		—		50
Debt underwriting	—		31		—		—		—		31
Total investment banking	11		130		—		—		—		141
Other:
Tax credit fund revenues	—		18		—		—		—		18
All other (1)	9		—		—		6		(4)		11
Total other	9		18		—		6		(4)		29
Total non-interest revenues	1,373		266		183		6		(65)		1,763
Interest income (1)	49		8		1		231		8		297
Total revenues	1,422		274		184		237		(57)		2,060
Interest expense	(8)		(6)		—		(21)		(16)		(51)
Net revenues	$	1,414	$	268	$	184	$	216	$	(73)	$	2,009

(1)    These revenues are generally not in scope of the accounting guidance for revenue from contracts with customers.

At December 31, 2020 and September 30, 2020, net receivables related to contracts with customers were $299 million and $342 million, respectively.