NET INTEREST INCOME/EXPENSE

6 Months Ended

Sep. 30, 2024

Investments, Debt and Equity Securities [Abstract]

NET INTEREST INCOME/EXPENSE

NET INTEREST INCOME/EXPENSE

Net interest income/expense for the three months ended September 30, 2024, and September 30, 2023 included the following:

	Three months ended September 30, 2024		Three months ended September 30, 2023
Interest income:
Interest income on trading securities	104,992		$	114,039
Interest income on loans to customers	49,393		42,868
Interest income on margin loans to customers	40,917		42,573
Interest income on securities available-for-sale	9,003		9,653
Interest income on reverse repurchase agreements and amounts due from banks	6,019		3,930
Total interest income	$	210,324	$	213,063
Interest expense:
Interest expense on securities repurchase agreement obligations	$	86,116	$	117,009
Interest expense on customer accounts and deposits	23,696		17,864
Interest expense on margin lending payable	7,416		3,467
Interest expense on debt securities issued	6,969		961
Interest expense on loans received	468		26
Other interest expense	—		54
Total interest expense	$	124,665	$	139,381
Net interest income	$	85,659	$	73,682

Net interest income/expense for the six months ended September 30, 2024, and September 30, 2023 includes:

	Six months ended September 30, 2024		Six months ended September 30, 2023
Interest income:
Interest income on trading securities	$	212,120	$	200,880
Interest income on loans to customers	101,760		74,201
Interest income on margin loans to customers	91,984		59,753
Interest income on securities available-for-sale	17,403		17,997
Interest income on reverse repurchase agreements and amounts due from banks	13,061		6,987
Other interest income	—		2,594
Total interest income	$	436,328	$	362,412
Interest expense:
Interest expense on securities repurchase agreement obligations	$	178,523	$	192,464
Interest expense on customer accounts and deposits	46,823		33,467
Interest expense on margin lending payable	30,539		6,460
Interest expense on debt securities issued	13,938		1,896
Interest expense on loans received	512		53
Other interest expense	48		87
Total interest expense	$	270,383	$	234,427
Net interest income	$	165,945	$	127,985