LOANS TO FINANCIAL ADVISORS, NET (Tables)

6 Months Ended

Mar. 31, 2024

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 millions	March 31, 2024			September 30, 2023
SBL	$	14,610		$	14,606
C&I loans	10,190			10,406
CRE loans	7,462			7,221
REIT loans	1,701			1,668
Residential mortgage loans	9,016			8,662
Tax-exempt loans	1,445			1,541
Total loans held for investment	44,424			44,104
Held for sale loans	146			145
Total loans held for sale and investment	44,570			44,249
Allowance for credit losses	(471)			(474)
Bank loans, net (1)	$	44,099		$	43,775
ACL as a % of total loans held for investment	1.06		%	1.07		%
Accrued interest receivable on bank loans (included in “Other receivables, net”)	$	212		$	200

(1)Bank loans, net as of March 31, 2024 and September 30, 2023 are presented net of $28 million and $52 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 Holdings, Inc. (“TriState Capital”) acquisition. See Note 3 of our 2023 Form 10-K for additional information.The following table presents the balances for our loans to financial advisors and the related accrued interest receivable.

$ in millions	March 31, 2024			September 30, 2023
Affiliated with the firm as of period-end (1)	$	1,212		$	1,158
No longer affiliated with the firm as of period-end (2)	11			10
Total loans to financial advisors	1,223			1,168
Allowance for credit losses	(33)			(32)
Loans to financial advisors, net	$	1,190		$	1,136
Accrued interest receivable on loans to financial advisors (included in “Other receivables, net”)	$	7		$	6
Allowance for credit losses as a percent of total loans to financial advisors	2.70		%	2.74		%

(1)These loans were predominantly current.

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