REVENUES (Tables)

3 Months Ended

Dec. 31, 2020

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

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.