Franklin Resources (BEN) 10-K 24 Nov 09 2009 FY Annual report Financial data

Statement Of Income Alternative

Statement Of Income Alternative (USD $)
In Thousands, except Per Share data	12 Months Ended Sep. 30, 2009	12 Months Ended Sep. 30, 2008	12 Months Ended Sep. 30, 2007
Operating Revenues
Investment management fees	$2,503,188	$3,683,390	$3,573,845
Underwriting and distribution fees	1,408,162	2,002,031	2,277,698
Shareholder servicing fees	267,350	289,370	277,059
Consolidated sponsored investment products income, net	8,195	10,923	7,804
Other, net	7,192	46,672	69,363
Total operating revenues	4,194,087	6,032,386	6,205,769
Operating Expenses
Underwriting and distribution	1,352,022	1,937,113	2,160,631
Compensation and benefits	958,511	1,120,657	1,080,634
Information systems, technology and occupancy	274,198	320,986	317,938
Advertising and promotion	116,129	184,309	189,382
Amortization of deferred sales commissions	142,978	178,004	158,114
Other	147,655	192,315	231,523
Total operating expenses	2,991,493	3,933,384	4,138,222
Operating Income	1,202,594	2,099,002	2,067,547
Other Income (Expenses)
Consolidated sponsored investment products gains (losses), net	21,706	(71,553)	57,670
Investment and other income, net	60,563	224,898	363,304
Interest expense	(3,771)	(15,758)	(23,220)
Other income, net	78,498	137,587	397,754
Income before taxes	1,281,092	2,236,589	2,465,301
Taxes on income	384,314	648,376	692,363
Net Income	$896,778	$1,588,213	$1,772,938
Earnings per Share
Basic	3.89	6.72	7.11
Diluted	3.87	6.67	7.03
Dividends per Share	0.84	0.8	0.6

Statement Of Financial Position

Statement Of Financial Position Classified (USD $)
In Thousands	12 Months Ended Sep. 30, 2009	12 Months Ended Sep. 30, 2008
Current Assets
Cash and cash equivalents	$2,982,539	$2,314,818
Receivables	581,810	690,351
Investment securities, trading	502,609	356,408
Investment securities, available-for-sale	1,027,287	600,146
Other investments	51,950	836,657
Deferred taxes	67,773	17,308
Prepaid expenses and other	30,452	33,944
Total current assets	5,244,420	4,849,632
Banking/Finance Assets
Cash and cash equivalents	121,912	212,734
Investment securities, trading	110,600	111,607
Investment securities, available-for-sale	472,055	320,910
Loans held for sale	15,711	32,582
Loans receivable, net	310,504	371,647
Other	8,383	11,899
Total banking/finance assets	1,039,165	1,061,379
Non-Current Assets
Investment securities, available-for-sale	108,838	155,295
Investments in equity method investees and other	398,995	328,247
Deferred sales commissions	103,993	187,807
Property and equipment, net	535,459	554,706
Goodwill	1,436,626	1,438,093
Other intangible assets, net	567,974	579,572
Other	32,993	21,789
Total non-current assets	3,184,878	3,265,509
Total Assets	9,468,463	9,176,520
Current Liabilities
Compensation and benefits	210,789	307,223
Commercial paper	64,156	13,287
Accounts payable and accrued expenses	174,525	289,985
Commissions	219,356	230,028
Income taxes	28,363	66,032
Other	28,351	29,335
Total current liabilities	725,540	935,890
Banking/Finance Liabilities
Deposits	664,580	570,279
Variable funding notes	0	28,551
Federal Home Loan Bank advances	57,000	109,000
Other	24,653	44,743
Total banking/finance liabilities	746,233	752,573
Non-Current Liabilities
Long-term debt	0	118,433
Deferred taxes	218,845	146,489
Other	78,284	71,609
Total non-current liabilities	297,129	336,531
Total liabilities	1,768,902	2,024,994
Commitments and Contingencies (Note 15)	-	-
Minority Interest	67,388	77,162
Stockholders' Equity
Preferred stock, $1.00 par value, 1,000,000 shares authorized; none issued	0	0
Common stock, $0.10 par value, 1,000,000,000 shares authorized; 229,324,345 and 232,777,979 shares issued and outstanding, at September 30, 2009 and 2008	22,932	23,278
Capital in excess of par value	0	0
Retained earnings	7,505,890	7,044,732
Accumulated other comprehensive income	103,351	6,354
Total stockholders' equity	7,632,173	7,074,364
Total Liabilities and Stockholders' Equity	$9,468,463	$9,176,520

1_Statement Of Financial Positi

Statement Of Financial Position Classified (Parenthetical) (USD $)
	Sep. 30, 2009	Sep. 30, 2008
Preferred stock, par value	$1	$1
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, issued	0	0
Common stock, par value	0.1	0.1
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	229,324,345	232,777,979
Common stock, shares outstanding	229,324,345	232,777,979

Statement Of Shareholders Equit

Statement Of Shareholders Equity And Other Comprehensive Income (USD $)
In Thousands		Common Stock Amount	Capital in Excess of Par Value	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total
Beginning Balance at Sep. 30, 2006		$25,325	$185,583	$6,333,843	$139,977	$6,684,728
Beginning Balance at Sep. 30, 2006	253,249
Net Income				1,772,938		1,772,938
Other comprehensive income
Net unrealized gains (losses) on investments, net of tax					(468)	(468)
Currency translation adjustments					117,585	117,585
Minimum pension liability adjustment			(1,391)		1,831	440
Repurchase of common stock	(10,142)
Repurchase of common stock		(1,014)	(387,571)	(900,072)		(1,288,657)
Cash dividends on common stock				(149,136)		(149,136)
Issuance of common stock under stock incentive plans and employee stock investment plans	1,077
Issuance of common stock under stock incentive plans and employee stock investment plans		108	95,412			95,520
Issuance of common stock on exercise of stock options, net of forfeitures	1,286
Issuance of common stock on exercise of stock options, net of forfeitures		128	65,493			65,621
Tax benefit from employee stock plans			38,608			38,608
Stock-based compensation			3,866			3,866
Adjustment to initially record the funded status of defined benefit plans, net of tax					(614)	(614)
Disproportional dividends on equity investment				(8,156)		(8,156)
Ending Balance at Sep. 30, 2007	245,470
Ending Balance at Sep. 30, 2007		24,547	0	7,049,417	258,311	7,332,275
Net Income				1,588,213		1,588,213
Other comprehensive income
Net unrealized gains (losses) on investments, net of tax					(107,875)	(107,875)
Currency translation adjustments					(143,800)	(143,800)
Net unrealized losses on defined benefit plans, net of tax					(282)	(282)
Repurchase of common stock	(14,241)
Repurchase of common stock		(1,424)	(158,201)	(1,383,686)		(1,543,311)
Cash dividends on common stock				(188,813)		(188,813)
Issuance of common stock under stock incentive plans and employee stock investment plans	1,242
Issuance of common stock under stock incentive plans and employee stock investment plans		124	100,144			100,268
Issuance of common stock on exercise of stock options, net of forfeitures	307
Issuance of common stock on exercise of stock options, net of forfeitures		31	12,985			13,016
Tax benefit from employee stock plans			33,613			33,613
Stock-based compensation			11,459			11,459
Adjustment to initially record unrecognized tax benefits				(20,759)		(20,759)
Disproportional dividends on equity investment				360		360
Ending Balance at Sep. 30, 2008	232,778
Ending Balance at Sep. 30, 2008		23,278	0	7,044,732	6,354	7,074,364
Net Income				896,778		896,778
Other comprehensive income
Net unrealized gains (losses) on investments, net of tax					106,897	106,897
Currency translation adjustments					(8,288)	(8,288)
Net unrealized losses on defined benefit plans, net of tax					(1,612)	(1,612)
Repurchase of common stock	(5,475)
Repurchase of common stock		(548)	(134,687)	(241,672)		(376,907)
Cash dividends on common stock				(194,438)		(194,438)
Issuance of common stock under stock incentive plans and employee stock investment plans	1,512
Issuance of common stock under stock incentive plans and employee stock investment plans		151	109,292			109,443
Issuance of common stock on exercise of stock options, net of forfeitures	509
Issuance of common stock on exercise of stock options, net of forfeitures		51	22,184			22,235
Tax benefit from employee stock plans			7,349			7,349
Stock-based compensation			(4,138)			(4,138)
Disproportional dividends on equity investment				490		490
Ending Balance at Sep. 30, 2009	229,324
Ending Balance at Sep. 30, 2009		$22,932	$0	$7,505,890	$103,351	$7,632,173

Statement Of Cash Flows Indirec

Statement Of Cash Flows Indirect (USD $)
In Thousands	12 Months Ended Sep. 30, 2009	12 Months Ended Sep. 30, 2008	12 Months Ended Sep. 30, 2007	Sep. 30, 2006
Net Income	$896,778	$1,588,213	$1,772,938
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	181,272	215,222	198,619
Stock-based compensation	84,443	80,705	90,145
Excess tax benefit from stock-based compensation arrangements	(4,923)	(27,905)	(33,517)
Net losses (gains) on sale of assets	1,665	(36,418)	(96,805)
Equity in net income of affiliated companies	(17,727)	(28,353)	(63,566)
Provision for loan losses	5,789	13,407	2,877
Other-than-temporary impairment of investments	63,068	13,845	863
Deferred income taxes	13,182	10,742	51,120
Changes in operating assets and liabilities:
(Increase) decrease in receivables, prepaid expenses and other	(34,280)	88,463	(231,238)
Principal collected on (originations of) loans held for sale, net	17,959	(184,185)	(635,482)
Proceeds from securitization of loans held for sale	0	394,299	684,173
Increase in trading securities, net	(397,508)	(687,246)	(217,122)
Advances of deferred sales commissions	(98,140)	(121,885)	(159,551)
(Decrease) increase in income taxes payable	(25,258)	(990)	70,891
(Decrease) increase in commissions payable	(10,672)	(44,669)	63,701
Increase in other liabilities	40,775	117,192	115,663
(Decrease) increase in accrued compensation and benefits	(75,021)	18,804	59,924
Net cash provided by operating activities	641,402	1,409,241	1,673,633
Purchase of investments	(1,869,562)	(1,887,971)	(1,018,145)
Liquidation of investments	2,296,850	1,184,579	877,364
Purchase of banking/finance investments	(208,920)	(213,400)	(49,083)
Liquidation of banking/finance investments	65,001	46,886	62,091
Decrease (increase) in loans receivable	51,220	(162,718)	8,056
Additions of property and equipment, net	(45,183)	(70,215)	(94,144)
Acquisitions of subsidiaries, net of cash acquired	533	6,717	(92,307)
Net cash provided by (used in) investing activities	289,939	(1,096,122)	(306,168)
Increase (decrease) in bank deposits, net	94,301	128,268	(106,896)
Exercise of common stock options	24,356	13,317	66,131
Dividends paid on common stock	(192,784)	(179,033)	(142,747)
Purchase of common stock	(376,907)	(1,543,311)	(1,288,657)
Excess tax benefits from stock-based compensation arrangements	4,923	27,905	33,517
Proceeds from issuance of debt	569,395	1,251,851	537,206
Payments on debt	(649,231)	(1,764,387)	(677,310)
Minority interest	185,339	765,415	129,509
Net cash used in financing activities	(340,608)	(1,299,975)	(1,449,247)
Effect of exchange rate changes on cash and cash equivalents	(13,834)	(69,775)	52,830
Increase (decrease) in cash and cash equivalents	576,899	(1,056,631)	(28,952)
Cash and cash equivalents, beginning of year	2,527,552	3,584,183	3,613,135
Cash and Cash Equivalents, End of Year	3,104,451	2,527,552	3,584,183	3,613,135
Cash and cash equivalents, beginning of year:
Current assets	2,314,818	3,304,495	3,310,545
Banking/finance assets	212,734	279,688	302,590
Cash and cash equivalents, beginning of year	2,527,552	3,584,183	3,613,135
Cash and cash equivalents, end of year:
Current assets	2,982,539	2,314,818	3,304,495	3,310,545
Banking/finance assets	121,912	212,734	279,688	302,590
Cash and Cash Equivalents, End of Year	3,104,451	2,527,552	3,584,183	3,613,135
Supplemental Disclosure of Non-Cash Information
Change in assets related to the net deconsolidation of certain sponsored investment products	(379,022)	(863,200)	(208,047)
Change in liabilities related to the net deconsolidation of certain sponsored investment products	(176,891)	(118,780)	(38,239)
Assets held for sale reclassified from investing to operating activities	0	0	9,535
Supplemental Disclosure of Cash Flow Information
Cash paid for income taxes	395,551	614,021	586,587
Cash paid for interest	$9,382	$42,812	$39,487

Note 1 - Significant Accounting

Note 1 - Significant Accounting Policies
	12 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 1 - Significant Accounting Policies	Note 1 Significant Accounting Policies Business. Franklin Resources, Inc. (Franklin) is a holding company that, together with its various subsidiaries (collectively, the Company) is referred to as Franklin Templeton Investments. The Company derives substantially all of its operating revenues and net income from providing investment management, fund administration, shareholder services, transfer agency, underwriting, distribution, custodial, trustee and other fiduciary services (collectively, investment management and related services) to funds and institutional, high net-worth and separately-managed accounts (collectively, the sponsored investment products). The Company also offers select retail banking, private banking and consumer lending services through its banking/finance segment. Services to the sponsored investment products are provided under contracts that set forth the level and nature of the fees to be charged for these services. The majority of the Companys revenues relate to mutual fund products that are subject to contracts that are periodically reviewed and approved by each mutual funds board of directors/trustees and/or its shareholders. Basis of Presentation. The consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America, which require the use of estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the periods presented. Management believes that the accounting estimates are appropriate and the resulting balances are reasonable; however, due to the inherent uncertainties in making estimates, actual amounts may differ from these estimates. Certain comparative amounts for prior fiscal years have been reclassified to conform to the financial statement presentation as of and for the fiscal year ended September30, 2009 (fiscal year 2009). The Company has evaluated subsequent events through November24, 2009, which is the date that this Annual Report on Form 10-K is filed with the U.S. Securities and Exchange Commission (the SEC). Consolidation. The consolidated financial statements include the accounts of Franklin and its subsidiaries in which it has a controlling financial interest. An entity generally is considered to have a controlling financial interest when it owns a majority of the voting interest in an entity. The Company also consolidates any variable interest entity (VIE) for which it is considered the primary beneficiary. All material intercompany accounts and transactions have been eliminated. A VIE is an entity in which the equity investment holders have not contributed sufficient capital to finance its activities or the equity investment holders do not have defined rights and obligations normally associated with an equity investment. An entity that has the majority of the risks and rewards of ownership of a VIE, referred to as the primary beneficiary, is required to consolidate the VIE. The Company evaluates whether entities are VIEs and determines if it qualifies as the primary benefi

Note 2 - New Accounting Standar

Note 2 - New Accounting Standards
	12 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 2 - New Accounting Standards	Note 2 New Accounting Standards Accounting Standards Adopted During Fiscal Year 2009 In the fourth quarter, the Company adopted the Financial Accounting Standards Board (the FASB) Accounting Standards Codification (the Codification), which is now the single source of authoritative U.S. generally accepted accounting principles (GAAP) recognized by the FASB. Rules and interpretive releases of the SEC under authority of federal securities laws are also sources of authoritative U.S. GAAP for SEC registrants. All other accounting literature not included in the Codification became nonauthoritative. As the Codification does not change U.S. GAAP, the adoption of the Codification had no impact on the Companys consolidated financial statements. In the third quarter, the Company adopted a new FASB standard that requires disclosures about fair value of financial instruments for interim reporting periods and requires entities to disclose the methods and significant assumptions used to estimate the fair value of financial instruments and describe changes in methods and significant assumptions, in both interim and annual financial statements. The adoption of the standard had no financial impact on the Companys consolidated financial statements. The Company has applied the disclosure requirements of the standard on a prospective basis. In the first quarter, the Company adopted a new FASB standard that requires enhanced disclosures about transfers of financial assets and interests in VIEs, and provides users of the financial statements with greater transparency about a transferors continuing involvement with transferred financial assets and an enterprises involvement with VIEs. The adoption of the standard had no financial impact on the Companys consolidated financial statements. The Company has applied the disclosure requirements of the standard on a prospective basis. New Accounting Standards Not Yet Adopted In September 2009, the FASB issued a new standard that permits a reporting entity to measure the fair value of certain alternative investments that do not have a readily determinable fair value on the basis of the investments net asset value per share or its equivalent. The standard also requires expanded disclosures. The standard is effective for interim and annual periods ending after December15, 2009. The Company is currently evaluating the impact that the adoption of the standard as of October1, 2009 will have on its consolidated financial statements. In June 2009, the FASB issued a new standard that requires an enterprise to perform a qualitative analysis to determine whether its variable interests give it a controlling financial interest in a VIE. Under the standard, an enterprise has a controlling financial interest when it has (a)the power to direct the activities of a VIE that most significantly impact the entitys economic performance and (b)the obligation to absorb losses of the entity or the right to receive benefits from the entity that could potentially be significant to the VIE. An enterprise that holds a controlling financial interest is deemed to be the primary beneficiary of the VIE and is required to consolidate t

Note 3 - Earnings per Share

Note 3 - Earnings per Share
	12 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 3 - Earnings per Share	Note 3 Earnings per Share Basic earnings per share is computed on the basis of the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share is computed on the basis of the weighted-average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. The components of basic and diluted earnings per share were as follows: (in thousands except per share data) for the fiscal years ended September30, 2009 2008 2007 Net income as reported $ 896,778 $ 1,588,213 $ 1,772,938 Adjustments, net of taxes (269 ) Net Income Available to Common Stockholders $ 896,778 $ 1,588,213 $ 1,772,669 Weighted-average shares outstandingbasic 230,334 236,396 249,197 Common stock options, nonvested stock awards and nonvested stock unit awards 1,120 1,885 2,921 Weighted-Average Shares OutstandingDiluted 231,454 238,281 252,118 Earnings per Share Basic $ 3.89 $ 6.72 $ 7.11 Diluted $ 3.87 $ 6.67 $ 7.03 In computing diluted earnings per share for fiscal year 2007, the Company adjusted net income for the effect of an accelerated stock repurchase agreement entered into in March 2007. For fiscal years 2009, 2008 and 2007, the Company excluded approximately 945.6thousand, 867.4thousand and 6.7thousand nonvested shares related to grants of stock awards and stock unit awards from the computation of diluted earnings per share because their effect would have been anti-dilutive.

Note 4 - Acquisitions

Note 4 - Acquisitions
	12 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 4 - Acquisitions	Note 4 Acquisitions On April3, 2007, the Company acquired the remaining 25% interests in each of its joint ventures in India, Franklin Templeton Asset Management (India) Private Limited and Franklin Templeton Trustee Services Private Limited, from an unrelated third party for approximately $89.7 million in cash. The acquisition cost was allocated to the net assets acquired based on their estimated fair values as follows: $24.4 million to tangible net assets and $44.7 million to indefinite-lived intangible assets. The excess cost over the fair value of the net assets acquired of $20.6 million was recognized as goodwill. The indefinite-lived intangible assets relate to management contracts and are not amortized. The Company has not presented pro forma combined results of operations for this acquisition because the results of operations as reported in the accompanying consolidated statements of income would not have been materially different.

Note 5 - Cash and Cash Equivale

Note 5 - Cash and Cash Equivalents
	12 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 5 - Cash and Cash Equivalents	Note 5 Cash and Cash Equivalents The Company discloses cash and cash equivalents as separate components of current assets and banking/finance assets in its consolidated balance sheets. Cash and cash equivalents consisted of the following: (in thousands) as of September30, 2009 2008 Cash on hand and non-interest-bearing deposits with financial institutions $ 134,508 $ 96,774 Interest-bearing deposits with financial institutions 350,483 482,587 Federal funds sold 5,242 134,759 Sponsored money market funds 1,407,801 1,076,966 Time deposits, securities of the U.S. Treasury and federal agencies and other 1,206,417 736,466 Total $ 3,104,451 $ 2,527,552 Federal Reserve Board regulations require certain of the Companys banking subsidiaries to maintain reserve and clearance balances on deposits with the Federal Reserve Banks. The required reserve balances were $7.0 million at September30, 2009 and $6.4 million at September30, 2008. The required clearing balance was $1.2 million at September30, 2009 and 2008. The Company maintains cash and cash equivalents with financial institutions in various countries, limits the amount of credit exposure with any given financial institution and conducts ongoing evaluations of the credit worthiness of the financial institutions with which it does business.

Note 6 - Investments

Note 6 - Investments
	12 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 6 - Investments	Note 6 Investments Investments consisted of the following: (in thousands) as of September30, 2009 2008 Current Investment securities, trading $ 502,609 $ 356,408 Investment securities, available-for-sale Sponsored investment products 943,824 591,562 Securities of U.S. states and political subdivisions 15,118 5,104 Securities of the U.S. Treasury and federal agencies 55,816 2,799 Other equity securities 12,529 681 Total investment securities, available-for-sale 1,027,287 600,146 Other investments1 51,950 836,657 Total Current $ 1,581,846 $ 1,793,211 Banking/Finance Investment securities, trading $ 110,600 $ 111,607 Investment securities, available-for-sale U.S. government-sponsored enterprise obligations2 365,655 315,683 Securities of U.S. states and political subdivisions 852 1,125 Securities of the U.S. Treasury and federal agencies 3,566 3,760 Corporate debt securities3 101,774 Other equity securities 208 342 Total investment securities, available-for-sale 472,055 320,910 Total Banking/Finance $ 582,655 $ 432,517 Non-Current Investment securities, available-for-sale Sponsored investment products $ 23,947 $ 28,089 Securities of U.S. states and political subdivisions 83,838 119,031 Securities of the U.S. Treasury and federal agencies 625 Other equity securities 1,053 7,550 Total investment securities, available-for-sale 108,838 155,295 Investments in equity method investees and other 398,995 328,247 Total Non-Current $ 507,833 $ 483,542 1 Other investments consist of time deposits with financial institutions having original maturities greater than three months but not exceeding one year from the date of purchase. 2 At September30, 2009, U.S. government-sponsored enterprise obligations consisted of $313.0 million of residential mortgage-backed securities and $52.7 million of debentures. 3 Corporate debt securities are insured by the Federal Deposit Insurance Corporation or non-U.S. government agencies. At September30, 2009 and 2008, current investment securities, trading included $277.6 million and $294.6 million of investments held by sponsored investment products that were consolidated in the Companys consolidated financial statements. At September30, 2009 and 2008, banking/finance segment investment securities with aggregate carrying amounts of $245.9 million and $180.7 million were pledged as collateral for the ability to borrow from the Federal Reserve Bank, $99.6 million and $111.0 million were pledged as collateral for outstanding FHLB borrowings and amounts available in secured FHLB short-term borrowing capacity, and $1.9 million and $2.4 million were pledged as collateral as required by federal and state

Note 7 - Fair Value Measurement

Note 7 - Fair Value Measurements
	12 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 7 - Fair Value Measurements	Note 7 Fair Value Measurements The Company records substantially all of its investments at fair value or amounts that approximate fair value. Trading securities, securities available-for-sale, and derivatives are financial instruments recorded at fair value on a recurring basis. The table below presents the balances of assets measured at fair value on a recurring basis. (in thousands) as of September30, 2009 Level 1 Level 2 Level 3 Total Current Assets Investment securities, trading $ 394,754 $ 105,802 $ 2,053 $ 502,609 Investment securities, available-for-sale Sponsored investment products 943,824 943,824 Securities of U.S. states and political subdivisions 15,118 15,118 Securities of the U.S. Treasury and federal agencies 55,816 55,816 Other equity securities 8,403 4,126 12,529 Banking/Finance Assets Investment securities, trading 81,886 28,714 110,600 Investment securities, available-for-sale U.S. government-sponsored enterprise obligations 365,655 365,655 Securities of U.S. states and political subdivisions 852 852 Securities of the U.S. Treasury and federal agencies 3,566 3,566 Corporate debt securities 101,774 101,774 Other equity securities 208 208 Non-Current Assets Investment securities, available-for-sale Sponsored investment products 19,837 4,110 23,947 Securities of U.S. states and political subdivisions 83,838 83,838 Other equity securities 321 732 1,053 Life settlement contracts 6,162 6,162 Total Assets Measured at Fair Value $ 1,367,139 $ 814,307 $ 46,105 $ 2,227,551 The changes in Level 3 assets measured at fair value on a recurring basis were as follows. (in thousands) SecuritiesHeld byConsolidated Sponsored Investment Products Residual Interestsfrom Securitization Transactions Other1 Total Balance at October1, 2008 $ 4,089 $ 29,782 $ 12,112 $ 45,983 Total realized and unrealized gains (losses): Included in other, net revenue (45,955 ) (45,955 ) Included in consolidated sponsored investment products gains (losses), net (423 ) (423 ) Included in investments and other income, net (1,847 ) (1,847 ) Included in accumulated other comprehensive income 476 476 Purchases, sales, and settlements, net (580 ) 44,887 2,593 46,900 Transfers (out of)/into Level 3 (1,033 ) 2,004 971 Balance at September30, 2009 $ 2,053 $ 28,714 $ 15,338 $ 46,105 Change in unreali

Note 8 - Loans and Allowance fo

Note 8 - Loans and Allowance for Loan Losses
	12 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 8 - Loans and Allowance for Loan Losses	Note 8 Loans and Allowance for Loan Losses The following table summarizes the banking/finance operating segment loans receivable by major category: (in thousands) as of September30, 2009 2008 Commercial loans $ 33,511 $ 70,256 Real estate mortgage loans 36,303 33,029 Installment loans to individuals 221,765 244,513 Other 25,951 30,140 Loans receivable 317,530 377,938 Less: allowance for loan losses (7,026 ) (6,291 ) Loans Receivable, Net $ 310,504 $ 371,647 Installment loans to individuals include secured private banking loans to Fiduciary Trust clients and automobile receivables. Other loans include credit card receivables and overdraft receivables. No loan loss allowance is recognized on private banking loans as described in Note 1 Significant Accounting Policies, Allowance for Loan Losses. At September30, 2009 and 2008, loans receivable with aggregate carrying values of $30.6 million and $22.3 million were pledged as collateral for the ability to obtain FHLB advances. Maturities of loans receivable at September30, 2009 were as follows: (in thousands) One Year or Less AfterOne ThroughFive Years After FiveYears Total Commercial loans $ 28,364 $ 3,954 $ 1,193 $ 33,511 Real estate mortgage loans 120 9,699 26,484 36,303 Installment loans to individuals 94,111 72,114 55,540 221,765 Other 25,100 339 512 25,951 Total $ 147,695 $ 86,106 $ 83,729 $ 317,530 The following table summarizes contractual maturities of loans receivable due after one year by repricing characteristic at September30, 2009: (in thousands) Carrying Value Loans at predetermined interest rates $ 108,774 Loans at floating or adjustable interest rates 61,061 Total $ 169,835 Changes in the allowance for loan losses were as follows: (in thousands) for the fiscal years ended September30, 2009 2008 Balance, beginning of year $ 6,291 $ 2,772 Provision for loan losses 5,789 13,407 Charge-offs (7,875 ) (13,039 ) Recoveries 2,821 3,151 Balance, End of Year $ 7,026 $ 6,291 Total net loan charge-offs as a percentage of simple monthly average loans receivable 1.49 % 3.13 % Allowance for loan losses as a percentage of loans receivable 2.21 % 1.66 % The following is a summary of loan delinquency information: (in thousands) as of September30, 2009 2008 2007 Installment loans, 90 days or more delinquent $ 642 $ 1,054 $ 1,145 Other loans, 90 days or more delinquent 36 9 Non-accrual loans 965 507 271 The Company originates automobile loans to individuals for sale in securitization transactions as described in Note 9 Securitization of Loa

Note 9 - Securitization of Loan

Note 9 - Securitization of Loans Held for Sale
	12 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 9 - Securitization of Loans Held for Sale	Note 9 Securitization of Loans Held for Sale From time to time, the Company enters into automobile loan securitization transactions with securitization trusts structured as qualified special purpose entities (the securitization trusts), which then issue asset-backed securities to private investors. The Company records these transactions as sales. The securitization transactions are comprised of prime, non-prime and sub-prime contracts for retail installment sales that are secured by new and used automobiles purchased from motor vehicle dealers. The Company purchases the sale contracts in the ordinary course of business. When the Company sells automobile loans in a securitization transaction, it retains certain interests. Residual interests, which include interest-only strips receivable and cash on deposit, represent the Companys contractual right to receive excess interest and cash from the pool of securitized loans after the payment of required amounts to holders of the asset-backed securities and certain other costs associated with the securitization. The residual interests are generally fully realizable and subject to limited recourse provisions. Credit enhancements for the securitization trusts require the Company to maintain a certain amount of cash on deposit, which provides protection for the holders of the asset-backed securities against delays in payment and certain losses on the securitized loans. At September30, 2009 and 2008, the amounts of cash on deposit were $46.9 million and $23.2 million. Discounted values of the cash on deposit were recognized as part of the residual interests. The Company may also retain subordinated securities from securitization transactions, which are senior to the residual interests. The retained interests in securitized assets, including the residual interests and the retained subordinated securities, were recognized as banking/finance trading securities in the consolidated balance sheets. Changes in the fair value of the retained interests were recognized in earnings. The Company did not enter into any automobile loan securitization transactions during fiscal year 2009. During fiscal year 2008, the Company sold automobile loans with an aggregate carrying value of $381.4 million for net sale proceeds of $381.9 million in a securitization transaction and recognized a pre-tax gain of $0.5 million. During fiscal year 2007, the Company sold automobile loans with an aggregate carrying value of $676.9 million for net sale proceeds of $682.1 million in a securitization transaction and recognized a pre-tax gain of $5.2 million. The securitization transactions in which the Company entered into through September30, 2008 were consistent in all material respects. As a result of a securitization transaction that the Company entered into in June 2008, it retained the subordinated securities in addition to the residual interests. These retained subordinated securities had credit ratings from Standard Poors ranging from AA to BBB- at September30, 2009. The fair value of the retained interests in securitized assets is generally estimated based on the present value of future expected cash flows. The key

Note 10 - Property and Equipmen

Note 10 - Property and Equipment, Net
	12 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 10 - Property and Equipment, Net	Note 10 Property and Equipment, Net The following is a summary of property and equipment: (in thousands) as of September30, 2009 2008 UsefulLives In Years Furniture, software and equipment $ 552,990 $ 547,520 310 Premises and leasehold improvements 486,508 478,818 535 Land 72,220 72,337 N/A 1,111,718 1,098,675 Less: Accumulated depreciation and amortization (576,259 ) (543,969 ) Property and Equipment, Net $ 535,459 $ 554,706 Depreciation and amortization expense related to property and equipment was $61.5 million, $58.2 million and $53.1million in fiscal years 2009, 2008 and 2007. No impairment loss in value of property and equipment was recognized during fiscal years 2009, 2008 and 2007 as the Company determined there was no indicator of impairment.

Note 11 - Goodwill and Other In

Note 11 - Goodwill and Other Intangible Assets
	12 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 11 - Goodwill and Other Intangible Assets	Note 11 Goodwill and Other Intangible Assets Goodwill and other intangible assets have been assigned to one reporting unit, the investment management and related services segment. The changes in the carrying values of goodwill and gross intangible assets were as follows: (in thousands) Goodwill Amortized Intangible Assets Non-amortized Intangible Assets Balance at October1, 2008 $ 1,438,093 $ 200,983 $ 508,909 Foreign currency movements (1,467 ) (31 ) (1,172 ) Balance at September30, 2009 $ 1,436,626 $ 200,952 $ 507,737 Certain of the goodwill and intangible assets are denominated in currencies other than the U.S. dollar; therefore, their gross and net carrying values are subject to foreign currency movements. Intangible assets were as follows: (in thousands) as of September30, 2009 GrossCarrying Value Accumulated Amortization NetCarrying Value Amortized intangible assets Customer base $ 165,915 $ (109,059 ) $ 56,856 Other 35,037 (31,656 ) 3,381 200,952 (140,715 ) 60,237 Non-amortized intangible assets Management contracts 507,737 507,737 Total $ 708,689 $ (140,715 ) $ 567,974 (in thousands) as of September30, 2008 GrossCarrying Value Accumulated Amortization NetCarrying Value Amortized intangible assets Customer base $ 165,953 $ (100,301 ) $ 65,652 Other 35,030 (30,019 ) 5,011 200,983 (130,320 ) 70,663 Non-amortized intangible assets Management contracts 508,909 508,909 Total $ 709,892 $ (130,320 ) $ 579,572 The Company completed its most recent annual impairment tests of goodwill and indefinite-lived intangible assets during the quarter ended September30, 2009 and determined that there was no impairment in the value of these assets as of August1, 2009. Additionally, no impairment loss in the value of goodwill and indefinite-lived intangible assets was recognized during fiscal years 2008 and 2007. No impairment loss in the value of intangible assets subject to amortization was recognized during fiscal years 2009, 2008 and 2007 as the estimates of the undiscounted expected cash flows from these assets or their fair values exceeded the asset carrying values. Amortization expense related to definite-lived intangible assets was $10.4 million, $10.6 million and $11.5 million in fiscal years 2009, 2008 and 2007. The estimated remaining amortization expense related to definite-lived intangible assets was as follows as of September30, 2009: (in thousands) for the fiscal years ending September30, Amount 2010 $ 10,411 2011 10,389 2012 8,925 2013 8,781 2014 8,781 Thereafter 12,950 Total $ 60,237

Note 12 - Deposits

Note 12 - Deposits
	12 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 12 - Deposits	Note 12 Deposits The Company does not hold deposits in its international offices. Deposits held in the Companys U.S. offices were as follows: (in thousands) as of September30, 2009 2008 Non-interest-bearing demand deposits $ 97,646 $ 118,137 Interest-bearing demand deposits 16,546 19,696 Savings deposits 415,767 341,150 Time deposits 134,621 91,296 Total $ 664,580 $ 570,279 Maturities of time certificates in amounts of $100,000 or more were as follows: (in thousands) as of September30, 2009 Amount 3 months or less $ 2,939 Over 3 months through 6 months 1,033 Over 6 months through 12 months 404 Over 12 months 6,142 Total $ 10,518

Note 13 - Debt

Note 13 - Debt
	12 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 13 - Debt	Note 13 Debt Outstanding debt consisted of the following: (dollars in thousands) as of September30, 2009 2009Weighted Average Rate 2008 2008Weighted Average Rate Current Commercial paper $ 64,156 0.27 % $ 13,287 2.50 % Banking/Finance Variable funding notes 28,551 3.22 % FHLB advances 57,000 2.94 % 109,000 3.56 % 57,000 137,551 Non-Current Long-term debt 118,433 1.97 % Total Debt $ 121,156 $ 269,271 At September30, 2009, maturities of FHLB advances were as follows: (in thousands) for the fiscal years ending September30, Carrying Value 2010 $ 15,000 2011 2,000 2012 2013 18,500 2014 Thereafter 21,500 Total $ 57,000 At September30, 2009, current debt consisted of commercial paper with a total face value of $64.2 million maturing during the quarter ending December31, 2009. The banking/finance segment has financed its automobile lending business primarily through FHLB advances, securitizations and the issuance of variable funding notes under one-year revolving variable funding note warehouse credit facilities. The Company terminated the warehouse credit facilities in November 2008 and did not replace them. The variable funding notes issued under these facilities were secured by cash and a pool of automobile loans that met certain eligibility requirements (see Note 9 Securitization of Loans Held for Sale). Long-term debt primarily related to deferred commission liabilities recognized in relation to DCA generated in the United States that were originally financed through a sale of related future revenue to Lightning Finance Company Limited (LFL), a company in which the Company holds a 49% ownership interest, and subsequently transferred in December 2005 to Lightning Asset Finance Limited (LAFL), an Irish special purpose vehicle, in which the Company also holds a 49% ownership interest. Due to its significant interest in LAFL, the Company carried on its consolidated balance sheets the DCA and the financing liability for the related future revenue originally sold to LFL. The Company repurchased the remaining DCA from LAFL in September 2009 and reflected this as a repayment of the remaining financing obligation. The Company is in the process of selling its ownership interests in LFL and LAFL to the holder of the 51% ownership interest and expects to complete this divestiture in the fiscal year ending September30, 2010 (fiscal year 2010). At September30, 2009, the Company had $355.8 million in short-term revolving credit available under a $420 million five-year credit facility with certain banks and financial institutions expiring on June9, 2010. This credit facility supports an uncommitted $500.0 million commercial paper program under which $435.8 million remained available for issuance via private placement at September3

Note 14 - Taxes on Income

Note 14 - Taxes on Income
	12 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 14 - Taxes on Income	Note 14 Taxes on Income Taxes on income were as follows: (in thousands) for the fiscal years ended September30, 2009 2008 2007 Current expense Federal $ 223,600 $ 409,433 $ 422,770 State 42,855 61,860 48,635 Foreign 96,901 169,856 169,838 Deferred expense 20,958 7,227 51,120 Total Provision for Income Taxes $ 384,314 $ 648,376 $ 692,363 Included in income before taxes was $594.9 million, $1,197.9 million and $1,298.1 million of pre-tax foreign income for fiscal years 2009, 2008 and 2007. The provision for U.S. income taxes in fiscal years 2009, 2008 and 2007 included benefits of $1.1 million, $4.5 million and $5.5 million related to the utilization of net operating loss carry-forwards. In fiscal years 2009, 2008 and 2007, the Companys income taxes payable for federal, state and foreign purposes have been reduced by tax benefits of $7.3 million, $33.6 million and $38.6 million associated with its stock-based compensation plans. The benefits were recorded as an increase in capital in excess of par value. The significant components of deferred tax assets and deferred tax liabilities were as follows: (in thousands) as of September30, 2009 2008 Deferred Tax Assets State taxes $ 8,688 $ 13,491 Allowance for loan losses 3,028 3,097 Deferred compensation and employee benefits 42,376 38,940 Stock-based compensation 24,809 25,140 Net operating loss carry-forwards 21,167 18,259 Tax benefit for uncertain tax positions 28,849 25,352 Residual interests from securitization transactions 13,012 12,009 Unrealized losses on investments 2,474 9,704 Other 13,247 959 Total deferred tax assets 157,650 146,951 Valuation allowance for net operating loss carry-forwards (14,143 ) (10,812 ) Deferred tax assets, net of valuation allowance 143,507 136,139 Deferred Tax Liabilities Depreciation on fixed assets 18,054 16,817 Goodwill and other purchased intangibles 204,915 191,570 Deferred commissions 39,685 23,175 Employee compensation 12,162 24,366 Other 18,579 8,781 Total deferred tax liabilities 293,395 264,709 Net Deferred Tax Liability $ 149,888 $ 128,570 The components of the net deferred tax liability were classified in the consolidated balance sheets as follows: (in thousands) as of September30, 2009 2008 Deferred Tax Assets Current deferred taxes $ 67,773 $ 17,308 Other non-current assets 1,643 721 Deferred Tax Liabilities Other current liabilities 459 110 Non-current deferred taxes 218,845 146,489 Net Deferred Tax Liability $ 149,888 $ 128,570

Note 15 - Commitments and Conti

Note 15 - Commitments and Contingencies
	12 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 15 - Commitments and Contingencies	Note 15 Commitments and Contingencies Guarantees The Company is obligated to cover shortfalls for the automobile securitization trusts in amounts due to the holders of asset-backed securities up to certain levels (see Note 9 Securitization of Loans Held for Sale). At September30, 2009, the banking/finance segment had issued financial standby letters of credit totaling $6.3 million which beneficiaries would be able to draw upon in the event of non-performance by its customers, primarily in relation to lease and lien obligations of these banking customers. These standby letters of credit were secured by marketable securities with a fair value of $8.3 million as of September30, 2009. Legal Proceedings As previously reported, between 2003 and 2006, following industry-wide market timing and late trading investigations by U.S. and Canadian regulators, and U.S. state government offices, Franklin and certain related parties were named in civil lawsuits in the U.S. and one of Franklins adviser subsidiaries was named in civil lawsuits in Canada. In the U.S., the lawsuits were filed against Franklin and certain of its adviser and distributor affiliates, individual Franklin officers and directors, a former Franklin employee, and trustees of certain Franklin Templeton Investments mutual funds (the Funds). In 2004, the lawsuits were consolidated for coordinated proceedings with similar lawsuits against numerous other mutual fund complexes in a multi-district litigation titled In re Mutual Funds Investment Litigation, pending in the U.S. District Court for the District of Maryland, Case No.04-md-15862 (the MDL). Plaintiffs filed consolidated amended complaints in the MDL on September29, 2004. The three consolidated lawsuits involving the Company include a class action (Sharkey IRO/IRA v. Franklin Resources, Inc., et al., Case No.04-cv-01310), a derivative action on behalf of the Funds (McAlvey v. Franklin Resources, Inc., et al., Case No.04-cv-01274), and a derivative action on behalf of Franklin (Hertz v. Burns, et al., Case No.04-cv-01624) and seek, among other forms of relief, one or more of: unspecified monetary damages; punitive damages; removal of Fund trustees, directors, advisers, administrators, and distributors; rescission of management contracts and distribution plans under Rule 12b-1 promulgated under the Investment Company Act of 1940; and attorneys fees and costs. On February25, 2005, the Company-related parties filed motions to dismiss the consolidated amended class action and Fund derivative action complaints. On June26, 2008, the court issued its order granting in part and denying in part the Companys motion to dismiss the consolidated amended class action complaint. In its order, the court dismissed certain claims, while allowing others under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and under Sections 36(b) and 48(a) of the Investment Company Act of 1940 to remain, and dismissed all class action claims against the named Funds. Pursuant to stipulation, the court also dismissed all claims against certain individual defendants, including the independent trustees to the named Funds, and a former

Note 16 - Stock-Based Compensat

Note 16 - Stock-Based Compensation
	12 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 16 - Stock-Based Compensation	Note 16 Stock-Based Compensation The Companys stock-based compensation plans include the Amended and Restated Annual Incentive Plan (the AIP) and the 2002 Universal Stock Incentive Plan, as amended and restated (the USIP). Under the terms of the AIP, eligible employees may receive cash, equity awards and/or cash-settled equity awards generally based on the performance of the Company, its funds, and the individual employee. The USIP provides for the issuance of up to 30.0million shares of the Companys common stock for various stock-related awards to officers, directors and employees. At September30, 2009, approximately 4.2million shares were available for grant under the USIP. In addition to stock awards and stock unit awards, the Company may award options and other forms of stock-based compensation to officers, directors, and employees under the USIP. The Compensation Committee of the Board of Directors determines the terms and conditions of awards under the AIP and USIP. Stock Options The following table summarizes stock option activity: (in thousands, except weighted-average exercise price) Shares Weighted-Average Exercise Price Weighted-Average RemainingContractual Term (in Years) Aggregate Intrinsic Value Outstanding at September 30, 2008 3,381 $ 37.84 Exercised (607 ) 37.86 Cancelled (37 ) 36.32 Outstanding and Exercisable at September 30, 2009 2,737 $ 37.86 2.7 $ 171,684 Stock option awards outstanding under the USIP generally have been granted at prices that are either equal to or above the market value of the underlying shares of the Companys common stock on the date of grant, generally vest over three years and expire no later than ten years after the grant date. No stock option awards have been granted under the USIP since November 2004. All stock options were fully vested and all related compensation cost was recognized prior to fiscal year 2008. The total intrinsic values of share options exercised during fiscal years 2009, 2008 and 2007 were $20.1 million, $24.2 million and $120.1 million. Cash received from stock option exercises for fiscal years 2009, 2008 and 2007 was $24.4 million, $13.3 million and $66.1 million. Income tax benefits from stock option exercises for fiscal years 2009, 2008 and 2007 were $8.0 million, $18.0 million and $28.5 million. Stock Awards and Stock Unit Awards The fair value of stock awards and stock unit awards granted under the USIP is estimated on the date of grant based on the market price of the underlying shares of the Companys common stock and is amortized to compensation expense on a straight-line basis over the related vesting period, which is generally three to four years. The total number of stock awards and stock unit awards expected to vest is adjusted for estimated forfeitures. Total unrecognized compensation cost related to nonvested stock awards and stock unit awards, net of estimated forfeitures, was $69.3 million at September30, 2009. This cost is expected to be recognized over a remaining weighted-average vesting perio

Note 17 - Defined Benefit Plans

Note 17 - Defined Benefit Plans
	12 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 17 - Defined Benefit Plans	Note 17 Defined Benefit Plans Franklin Templeton Global Investors Limited, an indirect subsidiary of Franklin located in the United Kingdom, sponsors a defined benefit pension plan. In addition, Fiduciary Trust, a wholly-owned subsidiary of Franklin located in the United States, sponsors a defined benefit healthcare plan that provides post-retirement medical benefits to full-time employees who have worked ten years and attained age 55 while in the service of Fiduciary Trust, or have met alternate eligibility criteria. The defined benefit healthcare plan was closed to new entrants in April 2003. The following tables summarize information regarding the changes in plan benefit obligations and assets, the funded status and the amounts recognized in the consolidated balance sheets in relation to the defined benefit pension plan and the defined benefit healthcare plan, under other benefits. (in thousands) as of and for the fiscal years ended September30, Pension Benefits Other Benefits 2009 2008 2009 2008 Change in Benefit Obligation Benefit obligation at beginning of year $ 31,870 $ 39,558 $ 5,249 $ 5,779 Service cost 3,636 4,009 14 17 Interest cost 1,770 2,411 400 346 Participant contributions 1,056 1,277 Benefits paid (293 ) (403 ) (667 ) (723 ) Actuarial (gains) losses 3,565 (10,051 ) 1,375 (170 ) Foreign currency movements (2,868 ) (4,931 ) Benefit Obligation at End of Year $ 38,736 $ 31,870 $ 6,371 $ 5,249 Change in Fair Value of Plan Assets Fair value of plan assets at beginning of year $ 32,542 $ 40,080 $ $ Actual return on assets 4,554 (7,620 ) Employer contributions 3,906 4,231 667 723 Participant contributions 1,056 1,277 Benefits paid (293 ) (403 ) (667 ) (723 ) Foreign currency movements (2,955 ) (5,023 ) Fair Value of Plan Assets at End of Year $ 38,810 $ 32,542 $ $ Funded Status $ 74 $ 672 $ (6,371 ) $ (5,249 ) (in thousands) as of and for the fiscal years ended September30, Pension Benefits Other Benefits 2009 2008 2009 2008 Amounts Recognized in the Consolidated Balance Sheets Prepaid assets $ 74 $ 672 $ $ Current liabilities (452 ) (490 ) Other non-current liabilities (5,919 ) (4,759 ) Net Prepaid Asset (Liability) $ 74 $ 672 $ (6,371 ) $ (5,249 ) Deferred taxes 802 490 282 (311 ) Other comprehensive loss (income)

Note 18 - Segment Information

Note 18 - Segment Information
	12 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 18 - Segment Information	Note 18 Segment Information The Company bases its operating segment selection process primarily on services offered. The Company derives substantially all of its operating revenues and net income from providing investment management and related services to its sponsored investment products. This is the Companys primary business activity and operating segment. The Companys investment management and related services are marketed to the public globally under six distinct brand names: Franklin, Templeton, Mutual Series, Bissett, Fiduciary Trust and Darby. The Companys secondary business activity and operating segment is banking/finance. The banking/finance segment offers select retail banking and consumer lending services and private banking services to high net-worth clients. Consumer lending and retail banking activities include automobile lending services related to the purchase, securitization, and servicing of retail installment sales contracts originated by independent automobile dealerships, consumer credit and debit cards, real estate equity lines, and home equity/mortgage lending, and other consumer lending. Financial information for the Companys two operating segments is presented in the table below. Inter-segment transactions are immaterial and excluded from segment income (loss) and assets. Operating revenues of the banking/finance segment are reported net of interest expense, the provision for loan losses and changes in fair value of residual interests from securitization transactions. (in thousands) as of and for the fiscal year ended September30, 2009 Investment Management and Related Services Banking/ Finance Total Assets $ 8,429,298 $ 1,039,165 $ 9,468,463 Operating revenues 4,195,592 (1,505 ) 4,194,087 Interest expense (3,771 ) N/A (3,771 ) Income (loss) before taxes 1,331,428 (50,336 ) 1,281,092 as of and for the fiscal year ended September30, 2008 Assets $ 8,115,141 $ 1,061,379 $ 9,176,520 Operating revenues 5,995,796 36,590 6,032,386 Interest expense (15,758 ) N/A (15,758 ) Income (loss) before taxes 2,238,595 (2,006 ) 2,236,589 as of and for the fiscal year ended September30, 2007 Assets $ 8,884,094 $ 1,048,178 $ 9,932,272 Operating revenues 6,146,371 59,398 6,205,769 Interest expense (23,220 ) N/A (23,220 ) Income before taxes 2,437,868 27,433 2,465,301 Operating revenues of the banking/finance segment included above were as follows: (in thousands) for the fiscal years ended September30, 2009 2008 2007 Interest and fees on loans $ 19,507 $ 46,725 $ 37,263 Interest and dividends on investment securities 19,707 23,067 21,725 Total interest income 39,214 69,792 58,988 Interest on deposits (6,153 ) (9,014 ) (14,207 ) Interest on short-term

Note 19 - Other Income

Note 19 - Other Income (Expenses)
	12 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 19 - Other Income (Expenses)	Note 19 Other Income (Expenses) Other income (expenses) consisted of the following: (in thousands) for the fiscal years ended September30, 2009 2008 2007 Consolidated Sponsored Investment Products Gains (Losses), Net Realized (losses) gains, net $ (36,732 ) $ (4,786 ) $ 53,886 Unrealized gains (losses), net 65,517 (55,444 ) 3,784 Minority interest (7,079 ) (11,323 ) Total 21,706 (71,553 ) 57,670 Investment and Other Income, Net Dividend income 37,886 43,278 72,376 Interest income 31,918 100,428 133,398 Capital gain distributions 14,535 10,083 7,282 Other-than-temporary impairment of investment securities, available-for-sale (63,068 ) (13,845 ) (858 ) Realized gains on sale of investment securities, available-for-sale 9,750 37,828 88,874 Realized losses on sale of investment securities, available-for-sale (13,694 ) (6,673 ) (1,002 ) Gains (losses) on trading investment securities, net 6,154 (5,231 ) 3,859 Income from investments in equity method investees 17,727 28,353 63,566 Foreign currency exchange gains (losses), net 9,923 15,050 (5,050 ) Other, net 9,432 15,627 859 Total 60,563 224,898 363,304 Interest expense (3,771 ) (15,758 ) (23,220 ) Other Income, Net $ 78,498 $ 137,587 $ 397,754 Substantially all of the Companys dividend income, capital gain distributions, and realized gains and losses on sale of investment securities, available-for-sale were generated by investments in its sponsored investment products. Interest income was primarily generated by investments in debt securities of the U.S. Treasury and federal agencies and cash equivalents. Proceeds from the sale of investment securities, available-for-sale were $706.8 million, $185.1 million and $675.0 million for fiscal years 2009, 2008 and 2007. The Company recognized net gains (losses) on trading investment securities, including securities held by consolidated sponsored investment products, that were still held at September30, 2009, 2008 and 2007 in the amounts of $16.9 million, $(74.8) million and $7.6 million.

Note 20 - Banking Regulatory Ra

Note 20 - Banking Regulatory Ratios
	12 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 20 - Banking Regulatory Ratios	Note 20 Banking Regulatory Ratios Franklin is a bank holding company and a financial holding company subject to various regulatory capital requirements administered by federal banking agencies, including the Federal Reserve Board. Failure to meet minimum capital requirements can result in certain mandatory, and possibly additional, discretionary actions by regulators that, if undertaken, could have a direct material effect on the Companys consolidated financial statements. The Company must meet specific capital adequacy guidelines that involve quantitative measures of its assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Company to maintain a minimum Tier 1 capital and Tier 1 leverage ratio (as defined in the regulations), as well as minimum Tier 1 and Total risk-based capital ratios (as defined in the regulations). Based on the Companys calculations as of September30, 2009 and 2008, it exceeded the applicable capital adequacy requirements as listed below. (dollar amounts in thousands) as of September30, 2009 2008 CapitalAdequacy Minimum Tier 1 capital $ 5,495,995 $ 5,108,763 N/A Total risk-based capital 5,503,022 5,115,055 N/A Tier 1 leverage ratio 75% 71% 4% Tier 1 risk-based capital ratio 97% 101% 4% Total risk-based capital ratio 97% 101% 8%

Document Information

Document Information
	12 Months Ended Sep. 30, 2009 USD / shares
Document Information [Text Block]
Document Type	10-K
Amendment Flag	false
Document Period End Date	2009-09-30

Entity Information

Entity Information (USD $)
	12 Months Ended Sep. 30, 2009	Oct. 31, 2009	Mar. 31, 2009
Entity [Text Block]
Trading Symbol	BEN
Entity Registrant Name	FRANKLIN RESOURCES INC
Entity Central Index Key	0000038777
Current Fiscal Year End Date	--09-30
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		229,249,998
Entity Public Float			$8,200,000,000