BANK DEPOSITS (Tables)

9 Months Ended

Jun. 30, 2022

The following table presents a summary of bank deposits, as well as the weighted-average interest rates on such deposits. The calculation of the weighted-average rates was based on the actual deposit balances and rates at each respective period end.


	June 30, 2022				September 30, 2021
$ in millions	Balance		Weighted-average rate		Balance		Weighted-average rate
Savings and money market accounts	$	42,372	0.45	%	$	31,415	0.01	%
Certificates of deposit	1,121		1.41	%	878		1.87	%
Interest-bearing checking accounts	5,448		1.59	%	164		1.84	%
Non-interest-bearing checking accounts	946		—		38		—
Total bank deposits	$	49,887	0.60	%	$	32,495	0.07	%

Scheduled Maturities of Certificates of Deposit

The following table sets forth the scheduled maturities of certificates of deposit.


	June 30, 2022				September 30, 2021
$ in millions	Denominations greater than or equal to $100,000		Denominations less than $100,000		Denominations greater than or equal to $100,000		Denominations less than $100,000
Three months or less	$	225	$	31	$	22	$	87
Over three through six months	145		88		21		76
Over six through twelve months	131		43		32		54
Over one through two years	103		159		93		170
Over two through three years	25		149		37		166
Over three through four years	7		5		6		99
Over four through five years	6		4		9		6
Total certificates of deposit	$	642	$	479	$	220	$	658

Interest Expense on Deposits

Interest expense on deposits is summarized in the following table.


	Three months ended June 30,				Nine months ended June 30,
$ in millions	2022		2021		2022		2021
Savings and money market accounts	$	11	$	—	$	13	$	2
Interest-bearing checking accounts	6		1		8		2
Certificates of deposit	3		4		10		13
Total interest expense on deposits	$	20	$	5	$	31	$	17