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LOANS TO FINANCIAL ADVISORS, NET (Tables)
 9 Months Ended
Jun. 30, 2023
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
The following table presents the balances for held for investment loans by portfolio segment and held for sale loans.
$ in millionsJune 30, 2023September 30, 2022
SBL$14,227 $15,297 
C&I loans10,663 11,173 
CRE loans7,091 6,549 
REIT loans1,715 1,592 
Residential mortgage loans8,422 7,386 
Tax-exempt loans1,548 1,501 
Total loans held for investment43,666 43,498 
Held for sale loans135 137 
Total loans held for sale and investment43,801 43,635 
Allowance for credit losses(456)(396)
Bank loans, net (1)
$43,345 $43,239 
ACL as a % of total loans held for investment1.04 %0.91 %
Accrued interest receivable on bank loans (included in “Other receivables, net”)$197 $137 

(1) Bank loans, net as of June 30, 2023 and September 30, 2022 are presented net of $68 million and $112 million, respectively, of net unamortized discount, unearned income, and deferred loan fees and costs. The net unamortized discount primarily arose from the acquisition date fair value purchase discount on bank loans acquired in the TriState Capital acquisition. See Note 3 of our 2022 Form 10-K for further information.
The following table presents the balances for our loans to financial advisors and the related accrued interest receivable.
$ in millionsJune 30, 2023September 30, 2022
Affiliated with the firm as of period-end (1)
$1,142 $1,173 
No longer affiliated with the firm as of period-end (2)
11 8 
Total loans to financial advisors1,153 1,181 
Allowance for credit losses(31)(29)
Loans to financial advisors, net$1,122 $1,152 
Accrued interest receivable on loans to financial advisors (included in “Other receivables, net”)
$5 $5 
Allowance for credit losses as a percent of total loans to financial advisors
2.69 %2.46 %

(1) These loans were predominantly current.
(2) These loans were predominantly past due for a period of 180 days or more.