NET INTEREST INCOME/EXPENSE (Tables)

6 Months Ended

Sep. 30, 2023

Investments, Debt and Equity Securities [Abstract]

Interest Income and Interest Expense Disclosure

Net interest income/expense for the three months ended September 30, 2023, and September 30, 2022 includes:

	Three months ended September 30, 2023		Three months ended September 30, 2022
Interest income:
Interest income on trading securities	$	114,039	$	33,787
Interest income on loans to customers	42,868		7,203
Interest income on margin loans to customers	42,573		9,966
Interest income on securities available-for-sale	9,653		6,553
Interest income on reverse repurchase agreements and amounts due from banks	3,930		1,349
Other interest income	—		141
Total interest income	$	213,063	$	58,999
Interest expense:
Interest expense on securities repurchase agreement obligations	$	117,009	$	32,328
Interest expense on customer accounts and deposits	17,864		7,569
Interest expense on margin lending payable	3,467		—
Interest expense on debt securities issued	961		848
Interest expense on loans received	26		118
Other interest expense	54		—
Total interest expense	$	139,381	$	40,863
Net interest income	$	73,682	$	18,136

Net interest income/expense for the six months ended September 30, 2023, and September 30, 2022 includes:

	Six months ended September 30, 2023		Six months ended September 30, 2022
Interest income:
Interest income on trading securities	$	200,880	$	65,302
Interest income on loans to customers	74,201		14,880
Interest income on margin loans to customers	59,753		11,830
Interest income on securities available-for-sale	17,997		13,231
Interest income on reverse repurchase agreements and amounts due from banks	6,987		2,136
Other interest income	2,594		183
Total interest income	$	362,412	$	107,562
Interest expense:
Interest expense on securities repurchase agreement obligations	$	192,464	$	65,508
Interest expense on customer accounts and deposits	33,467		13,633
Interest expense on margin lending payable	6,460		—
Interest expense on debt securities issued	1,896		1,615
Interest expense on loans received	53		178
Other interest expense	87		—
Total interest expense	$	234,427	$	80,934
Net interest income	$	127,985	$	26,628