Quarterly report pursuant to Section 13 or 15(d)

NET INTEREST INCOME/EXPENSE

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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