INTEREST INCOME AND INTEREST EXPENSE

9 Months Ended

Jun. 30, 2024

Interest Income (Expense), Operating [Abstract]

INTEREST INCOME AND INTEREST EXPENSE

INTEREST INCOME AND INTEREST EXPENSE

The following table details the components of interest income and interest expense.

	Three months ended June 30,				Nine months ended June 30,
$ in millions	2024		2023		2024		2023
Interest income:
Cash and cash equivalents	$	121	$	109	$	381	$	239
Assets segregated for regulatory purposes and restricted cash	46		47		140		152
Trading assets — debt securities	20		13		54		40
Available-for-sale securities	55		56		167		163
Brokerage client receivables	48		42		140		124
Bank loans, net	736		698		2,197		1,954
All other	31		22		80		57
Total interest income	$	1,057	$	987	$	3,159	$	2,729
Interest expense:
Bank deposits	$	446	$	312	1,318		$	690
Trading liabilities — debt securities	11		9		33		26
Brokerage client payables	22		17		63		57
Other borrowings	7		12		23		30
Senior notes payable	23		23		69		69
All other	25		13		55		39
Total interest expense	$	534	$	386	$	1,561	$	911
Net interest income	$	523	$	601	$	1,598	$	1,818
Less: Bank loan provision/(benefit) for credit losses	(10)		54		23		96
Net interest income after bank loan provision/(benefit) for credit losses	$	533	$	547	$	1,575	$	1,722

Interest expense related to bank deposits in the preceding table excludes interest expense associated with affiliate deposits, which has been eliminated in consolidation.