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, 2024
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, 2024, and December 31, 2023 included the following:

Three months ended December 31, 2024
Three months ended December 31, 2023
Interest income:
Interest income on trading securities 95,666  $ 112,860 
Interest income on margin loans to customers 61,295  51,553 
Interest income on loans to customers 51,089  49,529 
Interest income on securities available-for-sale 11,027  7,478 
Interest income on reverse repurchase agreements and amounts due from banks 5,611  5,025 
Total interest income $ 224,688  $ 226,445 
Interest expense:
Interest expense on securities repurchase agreement obligations $ 88,526  $ 110,778 
Interest expense on customer accounts and deposits 27,288  15,653 
Interest expense on debt securities issued 9,974  1,491 
Interest expense on margin lending payable 4,818  3,211 
Interest expense on loans received 530  36 
Other interest expense —  54 
Total interest expense $ 131,136  $ 131,223 
Net interest income $ 93,552  $ 95,222 

Net interest income/expense for the nine months ended December 31, 2024, and December 31, 2023 includes:
Nine months ended December 31, 2024 Nine months ended December 31, 2023
Interest income:
Interest income on trading securities $ 307,786  $ 313,739 
Interest income on margin loans to customers 153,279  111,306 
Interest income on loans to customers 152,849  123,730 
Interest income on securities available-for-sale 28,430  25,476 
Interest income on reverse repurchase agreements and amounts due from banks 18,672  12,012 
Other interest income —  2,594 
Total interest income $ 661,016  $ 588,857 
Interest expense:
Interest expense on securities repurchase agreement obligations $ 267,049  $ 303,242 
Interest expense on customer accounts and deposits 74,111  49,120 
Interest expense on margin lending payable 35,357  9,671 
Interest expense on debt securities issued 23,912  3,387 
Interest expense on loans received 1,042  89 
Other interest expense 48  141 
Total interest expense $ 401,519  $ 365,650 
Net interest income $ 259,497  $ 223,207