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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 securities95,666 $112,860 
Interest income on margin loans to customers61,295 51,553 
Interest income on loans to customers51,089 49,529 
Interest income on securities available-for-sale11,027 7,478 
Interest income on reverse repurchase agreements and amounts due from banks5,611 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 deposits27,288 15,653 
Interest expense on debt securities issued9,974 1,491 
Interest expense on margin lending payable4,818 3,211 
Interest expense on loans received530 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, 2024Nine months ended December 31, 2023
Interest income:
Interest income on trading securities$307,786 $313,739 
Interest income on margin loans to customers153,279 111,306 
Interest income on loans to customers152,849 123,730 
Interest income on securities available-for-sale28,430 25,476 
Interest income on reverse repurchase agreements and amounts due from banks18,672 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 deposits74,111 49,120 
Interest expense on margin lending payable35,357 9,671 
Interest expense on debt securities issued23,912 3,387 
Interest expense on loans received1,042 89 
Other interest expense48 141 
Total interest expense$401,519 $365,650 
Net interest income$259,497 $223,207