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LOANS TO FINANCIAL ADVISORS, NET (Tables)
 9 Months Ended
Jun. 30, 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 millionsJune 30, 2024September 30, 2023
SBL$15,429 $14,606 
C&I loans9,956 10,406 
CRE loans7,619 7,221 
REIT loans1,755 1,668 
Residential mortgage loans9,245 8,662 
Tax-exempt loans1,431 1,541 
Total loans held for investment45,435 44,104 
Held for sale loans170 145 
Total loans held for sale and investment45,605 44,249 
Allowance for credit losses(456)(474)
Bank loans, net (1)
$45,149 $43,775 
ACL as a % of total loans held for investment1.00 %1.07 %
Accrued interest receivable on bank loans (included in “Other receivables, net”)$211 $200 
(1)Bank loans, net as of June 30, 2024 and September 30, 2023 are presented net of $8 million and $52 million, respectively, of net unamortized discounts, unearned income, and deferred loan fees and costs, which included $51 million and $84 million, respectively, of net unamortized discounts that 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 millionsJune 30, 2024September 30, 2023
Affiliated with the firm as of period-end (1)
$1,282 $1,158 
No longer affiliated with the firm as of period-end (2)
14 10 
Total loans to financial advisors1,296 1,168 
Allowance for credit losses(38)(32)
Loans to financial advisors, net$1,258 $1,136 
Accrued interest receivable on loans to financial advisors (included in “Other receivables, net”)
$8 $6 
Allowance for credit losses as a percent of total loans to financial advisors
2.93 %2.74 %

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