Quarterly report pursuant to Section 13 or 15(d)

NET INTEREST INCOME/EXPENSE

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NET INTEREST INCOME/EXPENSE
 3 Months Ended
Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
NET INTEREST INCOME/EXPENSE NET INTEREST INCOME/EXPENSE
Net interest income/expense for the three months ended June 30, 2023, and June 30, 2022 includes:

Three months ended June 30, 2023 Three months ended June 30, 2022
Interest income:
Interest income on trading securities 86,840  31,515 
Interest income on loans to customers 31,333  4,627 
Interest income on margin loans to customers 17,180  4,914 
Interest income on securities available-for-sale 8,345  6,678 
Interest income on reverse repurchase agreements and amounts due from banks 3,057  787 
Interest income from dividends 2,594  42 
Total interest income $ 149,349  $ 48,563 
Interest expense:
Interest expense on securities repurchase agreement obligations $ 75,455  $ 33,180 
Interest expense on customer accounts and deposits 15,603  6,063 
Interest expense on margin lending payable 2,993  — 
Interest expense on debt securities issued 935  767 
Interest expense on loans received 27  61 
Other interest expense 33  — 
Total interest expense $ 95,046  $ 40,071 
Net interest income $ 54,303  $ 8,492