Quarterly report pursuant to Section 13 or 15(d)

NET INTEREST INCOME/EXPENSE

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NET INTEREST INCOME/EXPENSE
9 Months Ended
Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
NET INTEREST INCOME/EXPENSE NET INTEREST INCOME/EXPENSE
Net interest income/expense for the three months ended December 31, 2023, and December 31, 2022 includes:

Three Months Ended
December 31, 2023
Three Months Ended
December 31, 2022
Interest income:
Interest income on trading securities $ 112,860  $ 44,760 
Interest income on margin loans to customers 51,553  12,379 
Interest income on loans to customers 49,529  12,327 
Interest income on securities available-for-sale 7,478  6,727 
Interest income on reverse repurchase agreements and amounts due from banks 5,025  $ 4,062 
Total interest income $ 226,445  $ 80,255 
Interest expense:
Interest expense on securities repurchase agreement obligations $ 110,778  $ 39,958 
Interest expense on customer accounts and deposits 15,653  11,149 
Interest expense on margin lending payable 3,211  — 
Interest expense on debt securities issued 1,491  842 
Interest expense on loans received 36  88 
Other interest expense 54  — 
Total interest expense $ 131,223  $ 52,037 
Net interest income $ 95,222  $ 28,218 
Net interest income/expense for the nine months ended December 31, 2023, and December 31, 2022 includes:
Nine Months Ended December 31, 2023 Nine Months Ended December 31, 2022
Interest income:
Interest income on trading securities $ 313,739  $ 116,922 
Interest income on loans to customers 123,730  24,158 
Interest income on margin loans to customers 111,306  27,259 
Interest income on securities available-for-sale 25,476  13,280 
Interest income on reverse repurchase agreements and amounts due from banks 12,012  6,198 
Other interest income 2,594  — 
Total interest income $ 588,857  $ 187,817 
Interest expense:
Interest expense on securities repurchase agreement obligations $ 303,242  $ 105,466 
Interest expense on customer accounts and deposits 49,120  24,780 
Interest expense on margin lending payable 9,671  — 
Interest expense on debt securities issued 3,387  2,457 
Interest expense on loans received 89  268 
Other interest expense 141  — 
Total interest expense $ 365,650  $ 132,971 
Net interest income $ 223,207  $ 54,846