Raymond James Financial (RJF) 10-Q 8 Feb 17 2017 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Dec. 31, 2016	Feb. 03, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	RAYMOND JAMES FINANCIAL INC
Entity Central Index Key	720,005
Current Fiscal Year End Date	--09-30
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		143,686,015
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 31, 2016

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) - USD ($) $ in Thousands	Dec. 31, 2016	Sep. 30, 2016
Assets:
Cash and cash equivalents	$ 2,528,275	$ 1,650,452
Assets segregated pursuant to regulations and other segregated assets	3,867,999	4,884,487
Securities purchased under agreements to resell and other collateralized financings	358,493	470,222
Financial instruments, at fair value:
Trading instruments	517,792	766,805
Available for sale securities	1,163,524	859,398
Private equity investments	199,438	194,634
Other investments	252,731	296,844
Derivative instruments associated with offsetting matched book positions	299,393	422,196
Receivables:
Brokerage clients, net	2,601,869	2,714,782
Stock borrowed	154,718	170,860
Bank loans, net	15,828,752	15,210,735
Brokers-dealers and clearing organizations	170,768	164,908
Loans to financial advisors, net	845,783	838,721
Other	619,874	610,417
Deposits with clearing organizations	198,856	245,364
Prepaid expenses and other assets	796,166	777,224
Property and equipment, net	382,298	321,457
Deferred income taxes, net	318,160	322,024
Goodwill and identifiable intangible assets, net	499,195	504,442
Total assets	31,669,390	31,486,976
Liabilities and equity:
Trading instruments sold but not yet purchased, at fair value	260,543	328,938
Securities sold under agreements to repurchase	203,378	193,229
Derivative instruments associated with offsetting matched book positions, at fair value	299,393	422,196
Payables:
Brokerage clients	6,027,519	6,444,671
Stock loaned	428,600	677,761
Bank deposits	15,189,790	14,262,547
Brokers-dealers and clearing organizations	158,320	306,119
Trade and other	599,067	583,340
Other borrowings	915,921	608,658
Accrued compensation, commissions and benefits	701,301	915,954
Senior notes payable	1,680,957	1,680,587
Total liabilities	26,464,789	26,424,000
Commitments and contingencies (see Note 15)
Equity
Preferred stock; $.10 par value; 10,000,000 shares authorized; -0- shares issued and outstanding	0	0
Common stock; $.01 par value; 350,000,000 shares authorized; 153,122,715 and 151,424,947 shares issued as of December 31, 2016 and September 30, 2016, respectively, and 142,930,077 and 141,544,511 shares outstanding as of December 31, 2016 and September 30, 2016, respectively	1,530	1,513
Additional paid-in capital	1,553,282	1,498,921
Retained earnings	3,947,074	3,834,781
Treasury stock, at cost; 10,096,174 and 9,766,846 common shares as of December 31, 2016 and September 30, 2016, respectively	(387,869)	(362,937)
Accumulated other comprehensive loss	(33,140)	(55,733)
Total equity attributable to Raymond James Financial, Inc.	5,080,877	4,916,545
Noncontrolling interests	123,724	146,431
Total equity	5,204,601	5,062,976
Total liabilities and equity	31,669,390	31,486,976
LIHTC Funds - Primary Beneficiary
Receivables:
Investments in real estate partnerships held by consolidated variable interest entities	$ 65,306	$ 61,004

CONDENSED CONSOLIDATED STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) (Parenthetical) - $ / shares	Dec. 31, 2016	Sep. 30, 2016
Equity:
Preferred stock, par value (in dollars per share)	$ 0.10	$ 0.10
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	350,000,000	350,000,000
Common stock, shares issued (in shares)	153,122,715	151,424,947
Common stock, shares outstanding (in shares)	142,930,077	141,544,511
Treasury stock, shares (in shares)	10,096,174	9,766,846

CONDENSED CONSOLIDATED STATEME4

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Dec. 31, 2016	Dec. 31, 2015
Revenues:
Securities commissions and fees		$ 984,385	$ 849,662
Investment banking		61,425	57,553
Investment advisory and related administrative fees		108,243	98,602
Interest		182,782	142,472
Account and service fees		148,791	116,823
Net trading profit		20,555	22,169
Other		22,587	13,576
Total revenues		1,528,768	1,300,857
Interest expense		(35,966)	(26,699)
Net revenues		1,492,802	1,274,158
Non-interest expenses:
Compensation, commissions and benefits		1,006,467	866,398
Communications and information processing		72,161	72,138
Occupancy and equipment costs		46,052	41,789
Clearance and floor brokerage		12,350	9,996
Business development		35,362	40,624
Investment sub-advisory fees		19,295	14,554
Bank loan loss (benefit) provision		(1,040)	13,910
Acquisition-related expenses		12,666	1,872
Other		81,974	42,804
Total non-interest expenses		1,285,287	1,104,085
Income including noncontrolling interests and before provision for income taxes		207,515	170,073
Provision for income taxes		59,812	62,009
Net income including noncontrolling interests		147,703	108,064
Net income attributable to noncontrolling interests		1,136	1,735
Net income attributable to Raymond James Financial, Inc.		$ 146,567	$ 106,329
Net income per common share – basic (in dollars per share)		$ 1.03	$ 0.74
Net income per common share – diluted (in dollars per share)		$ 1	$ 0.73
Weighted-average common shares outstanding – basic (in shares)		142,110	143,058
Weighted-average common and common equivalent shares outstanding – diluted (in shares)		145,675	146,141
Net income attributable to Raymond James Financial, Inc.		$ 146,567	$ 106,329
Other comprehensive (loss) income, net of tax:
Unrealized loss on available for sale securities and non-credit portion of other-than-temporary impairment losses	[1]	(4,146)	(6,791)
Unrealized gain (loss) on currency translations, net of the impact of net investment hedges	[1]	1,001	(6,615)
Unrealized gain on cash flow hedges	[1]	25,738	3,265
Total comprehensive income	[1]	169,160	96,188
Other-than-temporary impairment:
Total other-than-temporary impairment, net		860	374
Portion of recoveries recognized in other comprehensive income		(860)	(374)
Net impairment losses recognized in other revenue		$ 0	$ 0
[1]	All components of other comprehensive income (loss), net of tax, are attributable to Raymond James Financial, Inc.

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands		Total		Common stock, par value $.01 per share	Additional paid-in capital	Retained earnings		Treasury stock	Accumulated other comprehensive loss	[2]	Total equity attributable to Raymond James Financial, Inc.	[2]	Noncontrolling interests
Balance, beginning of year at Sep. 30, 2015				$ 1,491	$ 1,344,779	$ 3,422,169	[1]	$ (203,455)	$ (40,503)				$ 154,454	[1]
Changes in Shareholders' Equity:
Employee stock purchases					5,054
Exercise of stock options and vesting of restricted stock units, net of forfeitures					8,996			(5,045)
Restricted stock, stock option and restricted stock unit expense					21,104
Excess tax benefit from share-based payments					34,791
Other				10	229								(1,035)
Net income attributable to Raymond James Financial, Inc.		$ 106,329				106,329
Cash dividends declared						(30,535)
Purchases/surrenders								(6,009)
Net change in unrealized gain/loss on available for sale securities and non-credit portion of other-than-temporary impairment losses, net of tax		(6,791)	[3]						(6,791)
Net change in currency translations and net investment hedges, net of tax		(6,615)	[3]						(6,615)
Net change in cash flow hedges, net of tax		3,265	[3]						3,265
Net income attributable to noncontrolling interests		(1,735)											1,735
Capital contributions													8,064
Distributions													(3,396)
Balance, end of period at Dec. 31, 2015		4,809,086		1,501	1,414,953	3,497,963		(214,509)	(50,644)		$ 4,649,264		159,822
Balance, beginning of year at Sep. 30, 2016		5,062,976		1,513	1,498,921	3,834,781	[1]	(362,937)	(55,733)				146,431	[1]
Changes in Shareholders' Equity:
Employee stock purchases					4,743
Exercise of stock options and vesting of restricted stock units, net of forfeitures					18,969			(16,458)
Restricted stock, stock option and restricted stock unit expense					30,971
Excess tax benefit from share-based payments	[4]				0
Other				17	(322)								(2,284)
Net income attributable to Raymond James Financial, Inc.		146,567				146,567
Cash dividends declared						(34,274)
Purchases/surrenders								(8,474)
Net change in unrealized gain/loss on available for sale securities and non-credit portion of other-than-temporary impairment losses, net of tax		(4,146)	[3]						(4,146)
Net change in currency translations and net investment hedges, net of tax		1,001	[3]						1,001
Net change in cash flow hedges, net of tax		25,738	[3]						25,738
Net income attributable to noncontrolling interests		(1,136)											1,136
Capital contributions													4,998
Distributions													(26,557)
Balance, end of period at Dec. 31, 2016		$ 5,204,601		$ 1,530	$ 1,553,282	$ 3,947,074		$ (387,869)	$ (33,140)		$ 5,080,877		$ 123,724
[1]	Each respective prior period balance has been restated to reflect the impact of the deconsolidation of certain VIEs, see Note 1 for additional information.
[2]	All components of other comprehensive (loss) income, net of tax, are attributable to Raymond James Financial, Inc.
[3]	All components of other comprehensive income (loss), net of tax, are attributable to Raymond James Financial, Inc.
[4]	During the current period, we adopted new stock compensation simplification guidance. See Notes 1 and 14 for additional information.

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDER'S EQUITY (Unaudited) (Parenthetical) - $ / shares	Dec. 31, 2016	Sep. 30, 2016
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Cash flows from operating activities:
Net income attributable to Raymond James Financial, Inc.	$ 146,567	$ 106,329
Net income attributable to noncontrolling interests	1,136	1,735
Net income including noncontrolling interests	147,703	108,064
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:
Depreciation and amortization	19,941	17,909
Deferred income taxes	10,928	6,631
Premium and discount amortization on available for sale securities and unrealized/realized gain on other investments	(10,185)	2,587
Provisions for loan losses, legal proceedings, bad debts and other accruals	33,017	22,588
Share-based compensation expense	40,545	22,400
Other	(5,490)	(3,684)
Net change in:
Assets segregated pursuant to regulations and other segregated assets	1,016,538	(171,359)
Securities purchased under agreements to resell and other collateralized financings, net of securities sold under agreements to repurchase	121,878	(18,345)
Stock loaned, net of stock borrowed	(233,019)	65,959
Loans provided to financial advisors, net of repayments	(13,513)	(38,500)
Brokerage client receivables and other accounts receivable, net	91,410	246,998
Trading instruments, net	192,716	162,685
Prepaid expenses and other assets	85,740	82,542
Brokerage client payables and other accounts payable	(507,562)	58,391
Accrued compensation, commissions and benefits	(218,034)	(242,815)
Proceeds from sales of securitizations and loans held for sale, net of purchases and originations of loans held for sale	35,162	(74,078)
Net cash provided by operating activities	807,775	247,973
Cash flows from investing activities:
Additions to property and equipment	(78,659)	(32,581)
Increase in bank loans, net	(782,388)	(770,371)
Purchases of Federal Home Loan Bank/Federal Reserve Bank stock	(4,250)	(1,063)
Proceeds from sales of loans held for investment	54,163	35,375
Purchases, or contributions, to private equity or other investments, net of proceeds from sales of, or distributions received from, private equity and other investments	16,924	(25,128)
Purchases of available for sale securities	(377,235)	(77,223)
Available for sale securities maturations, repayments and redemptions	56,647	21,627
Proceeds from sales of available for sale securities	7,308	0
Other investing activities, net of proceeds received	2,341	(281)
Net cash used in investing activities	(1,105,149)	(849,645)
Cash flows from financing activities:
Proceeds from (repayments of) short-term borrowings, net	208,400	(115,000)
Proceeds from Federal Home Loan Bank advances	100,000	25,000
Repayments of Federal Home Loan Bank advances and other borrowed funds	(1,138)	(1,091)
Exercise of stock options and employee stock purchases	24,143	14,386
Increase in bank deposits	927,243	737,728
Purchases of treasury stock	(26,058)	(12,139)
Dividends on common stock	(31,255)	(27,106)
Net cash provided by financing activities	1,201,335	621,778
Currency adjustment:
Effect of exchange rate changes on cash	(26,138)	(24,724)
Net increase (decrease) in cash and cash equivalents	877,823	(4,618)
Cash and cash equivalents at beginning of year	1,650,452	2,601,006
Cash and cash equivalents at end of period	2,528,275	2,596,388
Supplemental disclosures of cash flow information:
Cash paid for interest	32,442	26,700
Cash paid for income taxes	13,710	33,917
Non-cash transfers of loans to other real estate owned	$ 1,191	$ 608

INTRODUCTION AND BASIS OF PRESE

INTRODUCTION AND BASIS OF PRESENTATION	3 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
INTRODUCTION AND BASIS OF PRESENTATION	INTRODUCTION AND BASIS OF PRESENTATION Description of business Raymond James Financial, Inc. (“RJF” or the “Company”) is a financial holding company whose broker-dealer subsidiaries are engaged in various financial services businesses, including the underwriting, distribution, trading and brokerage of equity and debt securities and the sale of mutual funds and other investment products. In addition, other subsidiaries of RJF provide investment management services for retail and institutional clients, corporate and retail banking, and trust services. As used herein, the terms “we,” “our” or “us” refer to RJF and/or one or more of its subsidiaries. Basis of presentation The accompanying unaudited condensed consolidated financial statements include the accounts of RJF and its consolidated subsidiaries that are generally controlled through a majority voting interest. We consolidate all of our 100% owned subsidiaries. In addition we consolidate any variable interest entity (“VIE”) in which we are the primary beneficiary. Additional information on these VIEs is provided in Note 2 on pages 125 - 127 in the section titled, “Evaluation of VIEs to determine whether consolidation is required” as presented in our Annual Report on Form 10-K for the year ended September 30, 2016 , as filed with the United States (“U.S.”) Securities and Exchange Commission (the “2016 Form 10-K”) and in Notes 2 and 9 herein. When we do not have a controlling interest in an entity, but we exert significant influence over the entity, we apply the equity method of accounting. All material intercompany balances and transactions have been eliminated in consolidation. Accounting estimates and assumptions Certain financial information that is normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) but not required for interim reporting purposes has been condensed or omitted. These unaudited condensed consolidated financial statements reflect, in the opinion of management, all adjustments necessary for a fair presentation of the consolidated financial position and results of operations for the interim periods presented. The nature of our business is such that the results of any interim period are not necessarily indicative of results for a full year. These unaudited condensed consolidated financial statements should be read in conjunction with Management’s Discussion and Analysis and the consolidated financial statements and notes thereto included in our 2016 Form 10-K. To prepare condensed consolidated financial statements in conformity with GAAP, we must make certain estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and could have a material impact on the condensed consolidated financial statements. Principal subsidiaries As of December 31, 2016 , our principal subsidiaries, all wholly owned, include: Raymond James & Associates, Inc. (“RJ&A”) a domestic broker-dealer carrying client accounts, Raymond James Financial Services, Inc. (“RJFS”) an introducing domestic broker-dealer, Raymond James Financial Services Advisors, Inc. (“RJFSA”) a registered investment advisor, Raymond James Ltd. (“RJ Ltd.”) a broker-dealer headquartered in Canada, Eagle Asset Management, Inc. (“Eagle”) a registered investment advisor, and Raymond James Bank, N.A. (“RJ Bank”) a national bank. Adoption of new accounting guidance Effective October 1, 2016, we adopted new accounting guidance related to consolidation of legal entities, as well as new guidance simplifying certain aspects of accounting for stock compensation. As a result of our October 1, 2016 adoption of the new consolidation guidance, we deconsolidated a number of tax credit fund VIEs that had been previously consolidated. We determined that under the new guidance, we are no longer deemed to be the primary beneficiary of these VIEs. We applied the new consolidation guidance on the full retrospective basis, meaning that we have reflected the adjustments arising from this adoption as of the beginning of our earliest comparative period presented. Accordingly, we deconsolidated $107 million in assets, $20 million in liabilities, $89 million in noncontrolling equity interests, and increased retained earnings by $2 million , each computed as of September 30, 2016. There was no net impact on our Condensed Consolidated Statements of Income and Comprehensive Income for the prior year period as the net change in revenues, interest and other expenses were offset by the impact of the deconsolidation on the net loss attributable to noncontrolling interests. See Notes 2 and 9 for additional information. Our adoption of the new stock compensation simplification guidance impacts our determination of income tax expense. Generally, the amount of compensation cost recognized for financial reporting purposes varies from the amount that can ultimately be deducted on the tax return for share-based payment awards. Under the prior guidance, the tax effects of deductions in excess of compensation expense (“windfalls”), as well as the tax effect of any deficiencies (“shortfalls”) were recorded in equity to the extent of previously recognized windfalls, with any remaining shortfall recorded in income tax expense. Under the new guidance, all tax effects related to share-based payments are recorded through tax expense in the periods during which the awards are exercised or vest, as applicable. Under the transition provisions of the new guidance, we have applied this new guidance prospectively to excess tax benefits arising from vesting after the October 1, 2016 adoption date. Under the new guidance, excess tax benefits are included along with other income tax cash flows as an operating activity in the Condensed Consolidated Statements of Cash Flows. Prior period cash flows have been adjusted to conform to the new presentation. See Note 14 for additional information. Reclassifications Certain other prior period amounts have been reclassified to conform to the current period’s presentation.

UPDATE OF SIGNIFICANT ACCOUNTIN

UPDATE OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
UPDATE OF SIGNIFICANT ACCOUNTING POLICIES	UPDATE OF SIGNIFICANT ACCOUNTING POLICIES A summary of our significant accounting policies is included in Note 2 on pages 108 - 127 of our 2016 Form 10-K. Other than the October 1, 2016 adoption of new consolidation guidance which is described in Note 1 and below, and new guidance on stock compensation which is discussed in Notes 1 , 14 and 18 , there have been no other significant changes in our significant accounting policies since September 30, 2016 . Evaluation of VIEs to determine whether consolidation is required Our significant accounting policies applicable to the evaluation of legal entities to determine whether consolidation is required are discussed on pages 125 - 127 of our 2016 Form 10-K. As of December 31, 2016 , the nature of our involvement in legal entities as described therein is unchanged. However, our assessments of whether our involvement in such legal entities constitutes a VIE, and if so, whether we are deemed to be the primary beneficiary of such VIE, are now governed under new accounting guidance. Other than as described below, our application of the new consolidation accounting guidance to our determinations of whether legal entities with which we are involved constitute VIEs, and if so our primary beneficiary determination of such entities, is unchanged from that described in our 2016 Form 10-K. EIF Funds The employee investment funds (“EIF Funds”) were formed many years ago as a compensation and retention mechanism offered to certain of our key employees. After application of the new consolidation guidance, we no longer consider the EIF Funds to be VIEs. Our consolidation conclusion regarding the EIF Funds is unchanged after application of the new consolidation guidance, and we continue to consolidate the EIF Funds after October 1, 2016 through the application of the voting interest model. Non-guaranteed low-income housing tax credit funds Raymond James Tax Credit Funds, Inc., a wholly owned subsidiary of RJF (“RJTCF”) is a managing member or general partner of low-income housing tax credit (“LIHTC”) funds (the “LIHTC Funds”). Under the new consolidation guidance, the fees earned by RJTCF from the LIHTC Funds are excluded from the determination of whether RJTCF has an obligation to absorb losses of, or the right to receive benefits from, the LIHTC Fund VIE which could be potentially significant to the LIHTC Fund. As a result of this change in the primary beneficiary determination criteria, we conclude that we are not the primary beneficiary of any of the non-guaranteed LIHTC Funds, since we no longer meet the potentially significant benefits criteria as determined under the new guidance. Accordingly, we deconsolidated such previously consolidated funds as of our adoption of this new guidance. Our conclusions regarding whether the LIHTC Funds are VIEs are unchanged under the new guidance. Other real estate limited partnerships and LLCs We have interests in several limited partnerships involved in various real estate activities in which a subsidiary is either the general partner or a limited partner. After application of the new consolidation guidance, we no longer consider these entities to be VIEs, and we do not consolidate these partnerships or limited liability companies (“LLCs”). Our consolidation conclusions regarding these interests are unchanged after application of the new consolidation guidance, as we did not consolidate these entities under the prior consolidation guidance. Managed Funds We have certain interests in legal entities formed for the purpose of making and managing investments in securities of other entities (“Managed Funds”). The new consolidation guidance eliminated the deferral of the determination of who is the primary beneficiary based on a power and benefits analysis. Under the prior consolidation guidance, the primary beneficiary determination was based upon an assessment of who would absorb a majority of the entity’s expected losses, receive a majority of the entity’s residual returns, or both. We applied the new consolidation guidance to the Managed Funds and determined that they are not VIEs. Our conclusion that no consolidation of the Managed Funds is required is unchanged under the new consolidation guidance. Private Equity Interests We participate in principal capital and private equity activities and as a result, hold interests in a number of limited partnerships (our “Private Equity Interests”). Under the prior consolidation guidance, we concluded our Private Equity Interests were not VIEs, and our consolidation conclusions were based upon the application of the voting interest model. However, under the new consolidation guidance, we have concluded that the Private Equity Interests are VIEs, primarily as a result of how the new consolidation model applies to the evaluation of limited partner kick-out and participation rights. In most of our Private Equity Interests, a simple majority of the limited partners cannot initiate an action to kick-out the general partner without cause and the limited partners with equity at-risk lack substantive participating rights, and thus the Private Equity Interests are deemed to be VIEs. In our analysis of the criteria to determine whether we are the primary beneficiary of the Private Equity Interests VIEs, we analyze the power and benefits criterion. In a number of these entities, we are a passive limited partner investor, and thus we do not have the power to make decisions that most significantly affect the economic performance of such VIEs. Accordingly, in such circumstances we have determined we are not the primary beneficiary and therefore we do not consolidate the VIE. However, in certain of these entities, we have concluded that we are the primary beneficiary as we meet the power and benefits criteria. In such instances, we consolidate the Private Equity Interests VIE. The outcome of the application of the new consolidation guidance did not change the determination of which Private Equity Interests required consolidation under application of the prior guidance. Those Private Equity Interests deemed to be VIEs under the new consolidation guidance and for which we concluded we are the primary beneficiary, were previously consolidated through application of the voting interest model under the prior consolidation guidance. Brokerage client receivables, loans to financial advisors and allowance for doubtful accounts As more fully described in Note 2 on page 116 - 117 of our 2016 Form 10-K, we have certain financing receivables that arise from businesses other than our banking business. Specifically, we offer loans to financial advisors and certain key revenue producers, primarily for recruiting, transitional cost assistance, and retention purposes. We present the outstanding balance of loans to financial advisors on our Condensed Consolidated Statements of Financial Condition, net of the allowance for doubtful accounts. Of the gross balance outstanding, the portion associated with financial advisors who are no longer affiliated with us is $19 million and $13 million at December 31, 2016 and September 30, 2016 , respectively. Our allowance for doubtful accounts is $6 million and $5 million at December 31, 2016 and September 30, 2016 , respectively.

ACQUISITIONS

ACQUISITIONS	3 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
ACQUISITIONS	ACQUISITIONS Acquisitions completed in the prior fiscal year Mummert & Company Corporate Finance GmbH On June 1, 2016, we acquired Mummert & Company Corporate Finance GmbH (“Mummert”), a middle market M&A advisory firm, headquartered in Munich, Germany, that is focused primarily on the technology, industrial, healthcare, consumer and business services sectors. Mummert’s results of operations have been included in our results prospectively from June 1, 2016. See Note 3 on pages 127 - 129 of our 2016 Form 10-K for additional information regarding the Mummert acquisition. MacDougall, MacDougall & MacTier Inc. On August 31, 2016, we completed our acquisition of all of the outstanding shares of MacDougall, MacDougall & MacTier Inc. (“3Macs”), an independent investment firm founded in 1849 and headquartered in Montreal, Quebec, Canada. 3Macs results of operations have been included in our results prospectively from August 31, 2016. See Note 3 on pages 127 - 129 of our 2016 Form 10-K for additional information regarding the 3Macs acquisition. U.S. Private Client Services unit of Deutsche Bank Wealth Management On September 6, 2016, RJ&A completed an acquisition of certain specified assets and the assumption of certain specified liabilities of the U. S. Private Client Services unit of Deutsche Bank Wealth Management (“Alex. Brown”) from Deutsche Bank Securities, Inc. (“Deutsche WM”). Alex. Brown’s results of operations have been included in our results prospectively from September 6, 2016. See Note 3 on pages 127 - 129 of our 2016 Form 10-K for additional information regarding the Alex. Brown acquisition. The acquisition-related expenses presented on our Condensed Consolidated Statements of Income and Comprehensive income for the three months ended December 31, 2016 pertain to certain incremental expenses incurred in connection with the acquisitions described above. The expenses incurred during the three months ended December 31, 2015 were associated with the acquisition of Alex. Brown (which was subsequently completed in September 2016 as described above). The table below provides a summary of acquisition-related expenses incurred in each respective period: For the three months ended December 31, 2016 2015 (in thousands) Acquisition and integration related incentive compensation costs (1) $ 5,474 $ — Severance (2) 4,803 — Early termination costs of assumed contracts 1,324 — Information systems integration costs 1,205 — Legal and regulatory 553 1,501 Post-closing purchase price contingency (favorable) interim determination computed as of the end of the period (2,251 ) — Pre-Alex. Brown closing date unrealized loss in the fair value of DB shares purchased to satisfy the DBRSU liability (3) — 154 Travel and all other 1,558 217 Total acquisition-related expenses $ 12,666 $ 1,872 (1) Primarily comprised of non-recurring RSU grants authorized by the Board of Directors in their November 2016 meeting, made to certain employees and consultants for acquisition-related purposes. See Note 18 for discussion of share-based compensation. (2) Represents all costs associated with positions eliminated during the period, primarily arising from the 3Macs acquisition, such costs include any forgiven employee loan balances and any unamortized balance of the prepaid compensation asset associated with such persons which will not be collected (refer to the discussion of this prepaid asset in Note 3 on page 128, and Note 10 on page 157, each in our 2016 Form 10-K). (3) Refer to the discussion of Deutsche Bank AG (“DB”) common shares to be used to settle certain Deutsche Bank restricted stock unit (“DBRSU”) awards assumed by RJ&A in the Alex. Brown acquisition, in Note 3 on page 129 of our 2016 Form 10-K, as well as in Notes 12 and 18 herein.

CASH AND CASH EQUIVALENTS, ASSE

CASH AND CASH EQUIVALENTS, ASSETS SEGREGATED PURSUANT TO REGULATIONS, AND DEPOSITS WITH CLEARING ORGANIZATIONS	3 Months Ended
	Dec. 31, 2016
Cash and Cash Equivalents [Abstract]
CASH AND CASH EQUIVALENTS, ASSETS SEGREGATED PURSUANT TO REGULATIONS AND DEPOSITS WITH CLEARING ORGANIZATIONS	CASH AND CASH EQUIVALENTS, ASSETS SEGREGATED PURSUANT TO REGULATIONS, AND DEPOSITS WITH CLEARING ORGANIZATIONS Our cash equivalents include money market funds or highly liquid investments with original maturities of 90 days or less, other than those used for trading purposes. For discussion of our accounting policies regarding assets segregated pursuant to regulations and other segregated assets, see Note 2 on page 110 of our 2016 Form 10-K. Our cash and cash equivalents, assets segregated pursuant to regulations and other segregated assets, and deposits with clearing organization balances are as follows: December 31, September 30, (in thousands) Cash and cash equivalents: Cash in banks $ 2,527,731 $ 1,649,593 Money market fund investments 544 859 Total cash and cash equivalents (1) $ 2,528,275 $ 1,650,452 Assets segregated pursuant to federal regulations and other segregated assets (2) $ 3,867,999 $ 4,884,487 Deposits with clearing organizations: Cash and cash equivalents $ 145,629 $ 215,856 Government and agency obligations 53,227 29,508 Total deposits with clearing organizations $ 198,856 $ 245,364 (1) The total amounts presented include cash and cash equivalents of $1.16 billion and $810 million as of December 31, 2016 and September 30, 2016 , respectively, which are either held directly by RJF in depository accounts at third party financial institutions, held in a depository account at RJ Bank (computed as the lesser of RJ Bank’s cash balance or the amount of RJF’s depository account balance), or are otherwise invested by one of our subsidiaries on behalf of RJF, all of which are available without restrictions. (2) Consists of cash maintained in accordance with Rule 15c3-3 under the Securities Exchange Act of 1934. RJ&A, as a broker-dealer carrying client accounts, is subject to requirements related to maintaining cash or qualified securities in segregated reserve accounts for the exclusive benefit of its’ clients. Additionally, RJ Ltd. is required to hold client Registered Retirement Savings Plan funds in trust.

FAIR VALUE

FAIR VALUE	3 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE	FAIR VALUE For a discussion of our valuation methodologies for assets, liabilities measured at fair value, and the fair value hierarchy, see Note 2 on pages 110 - 116 of our 2016 Form 10-K. There have been no material changes to our valuation methodologies since our year ended September 30, 2016 . Assets and liabilities measured at fair value on a recurring and nonrecurring basis are presented below: December 31, 2016 Quoted prices (1) Significant other observable inputs (Level 2) (1) Significant unobservable inputs (Level 3) Netting adjustments (2) Balance as of (in thousands) Assets at fair value on a recurring basis: Trading instruments: Municipal and provincial obligations $ 87 $ 116,143 $ — $ — $ 116,230 Corporate obligations 6,301 58,591 — — 64,892 Government and agency obligations 6,412 42,176 — — 48,588 Agency mortgage-backed securities (“MBS”) and collateralized mortgage obligations (“CMOs”) 9,477 116,187 — — 125,664 Non-agency CMOs and asset-backed securities (“ABS”) — 43,237 7 — 43,244 Total debt securities 22,277 376,334 7 — 398,618 Derivative contracts — 114,930 — (59,010 ) 55,920 Equity securities 15,879 1,938 — — 17,817 Brokered certificates of deposit — 34,349 — — 34,349 Other 36 — 11,052 — 11,088 Total trading instruments 38,192 527,551 11,059 (59,010 ) 517,792 Available for sale securities: Agency MBS and CMOs — 992,994 — — 992,994 Non-agency CMOs — 39,915 — — 39,915 Other securities 1,398 — — — 1,398 Auction rate securities (“ARS”): Municipals — — 25,364 — 25,364 Preferred securities — — 103,853 — 103,853 Total available for sale securities 1,398 1,032,909 129,217 — 1,163,524 Private equity investments not measured at net asset value (“NAV”) — — 83,466 (3) — 83,466 Other investments (4) 252,188 320 223 — 252,731 Derivative instruments associated with offsetting matched book positions — 299,393 — — 299,393 Deposits with clearing organizations: Government and agency obligations 53,227 — — — 53,227 Other assets: Derivative contracts (5) — 14,844 — — 14,844 Total assets at fair value on a recurring basis $ 345,005 $ 1,875,017 $ 223,965 $ (59,010 ) $ 2,384,977 Assets at fair value on a nonrecurring basis: Bank loans, net: Impaired loans $ — $ 21,044 $ 40,450 $ — $ 61,494 Loans held for sale (6) — 21,405 — — 21,405 Total bank loans, net — 42,449 40,450 — 82,899 Other real estate owned (“OREO”) (7) — 1,118 — — 1,118 Total assets at fair value on a nonrecurring basis $ — $ 43,567 $ 40,450 $ — $ 84,017 (continued on next page) December 31, 2016 Quoted prices in active markets for identical assets (Level 1) (1) Significant other observable inputs (Level 2) (1) Significant unobservable inputs (Level 3) Netting adjustments (2) Balance as of (in thousands) (continued from previous page) Liabilities at fair value on a recurring basis: Trading instruments sold but not yet purchased: Municipal and provincial obligations $ 287 $ 311 $ — $ — $ 598 Corporate obligations 1,577 17,993 — — 19,570 Government obligations 177,323 — — — 177,323 Agency MBS and CMOs 1,144 — — — 1,144 Non-agency MBS & CMOs — 5,269 — — 5,269 Total debt securities 180,331 23,573 — — 203,904 Derivative contracts — 103,424 — (50,358 ) 53,066 Equity securities 3,363 10 — — 3,373 Other securities — 200 — — 200 Total trading instruments sold but not yet purchased 183,694 127,207 — (50,358 ) 260,543 Derivative instruments associated with offsetting matched book positions — 299,393 — — 299,393 Trade and other payables: Derivative contracts (5) — 8,452 — — 8,452 Other liabilities — — 1,856 (8) — 1,856 Total trade and other payables — 8,452 1,856 — 10,308 Accrued compensation, commissions and benefits: Derivative contracts (9) — 24,144 — — 24,144 Total liabilities at fair value on a recurring basis $ 183,694 $ 459,196 $ 1,856 $ (50,358 ) $ 594,388 (1) We had $1 million in transfers of financial instruments from Level 1 to Level 2 during the three months ended December 31, 2016 . These transfers were a result of a decrease in the availability and reliability of the observable inputs utilized in the respective instruments’ fair value measurement. We had $1 million in transfers of financial instruments from Level 2 to Level 1 during the three months ended December 31, 2016 . These transfers were a result of an increase in the availability and reliability of the observable inputs utilized in the respective instruments’ fair value measurement. Our policy is that the end of each respective quarterly reporting period determines when transfers of financial instruments between levels are recognized. (2) For derivative transactions not cleared through exchanges, and where permitted, we have elected to net derivative receivables and derivative payables and the related cash collateral received and paid when a legally enforceable master netting agreement exists (see Note 13 for additional information regarding offsetting financial instruments). Deposits associated with derivative transactions cleared through exchanges are included in deposits with clearing organizations on our Condensed Consolidated Statements of Financial Condition. (3) The portions of these investments we do not own are approximately $26 million as of December 31, 2016 and are included as a component of noncontrolling interest in our Condensed Consolidated Statements of Financial Condition. The weighted average portion we own is approximately $57 million or 68% of the total private equity investments of $83 million included in our Condensed Consolidated Statements of Financial Condition. (4) Other investments include $80 million of financial instruments that are related to obligations to perform under certain deferred compensation plans (see Note 2 on page 116, and Note 24 on pages 186 - 191, of our 2016 Form 10-K, for further information regarding these plans), and DB shares with a fair value of $16 million as of December 31, 2016 which we hold as an economic hedge against the DBRSU obligation (see Note 18 for additional information). (5) Consists of derivatives arising from RJ Bank’s business operations, see Note 12 for additional information. (6) Includes individual loans classified as held for sale, which were recorded at a fair value lower than cost. (7) Represents the fair value of foreclosed properties which were measured at a fair value subsequent to their initial classification as OREO. The recorded value in the Condensed Consolidated Statements of Financial Condition is net of the estimated selling costs. (8) Includes the fair value of forward commitments to purchase GNMA or FNMA (as hereinafter defined) MBS arising from our fixed income public finance operations. See Note 2 and Note 21 of our 2016 Form 10-K for additional information. (9) The balance reflects the DBRSUs from our acquisition of Alex. Brown. See Note 12 for additional information. September 30, 2016 Quoted prices (1) Significant (1) Significant Netting (2) Balance as of (in thousands) Assets at fair value on a recurring basis: Trading instruments: Municipal and provincial obligations $ 480 $ 273,683 $ — $ — $ 274,163 Corporate obligations 10,000 122,885 — — 132,885 Government and agency obligations 6,412 43,186 — — 49,598 Agency MBS and CMOs 413 164,250 — — 164,663 Non-agency CMOs and ABS — 34,421 7 — 34,428 Total debt securities 17,305 638,425 7 — 655,737 Derivative contracts — 163,242 — (107,539 ) 55,703 Equity securities 14,529 1,500 — — 16,029 Brokered certificates of deposit — 35,206 — — 35,206 Other 555 3 3,572 — 4,130 Total trading instruments 32,389 838,376 3,579 (107,539 ) 766,805 Available for sale securities: Agency MBS and CMOs — 682,297 — — 682,297 Non-agency CMOs — 50,519 — — 50,519 Other securities 1,417 — — — 1,417 ARS: Municipals — — 25,147 — 25,147 Preferred securities — — 100,018 — 100,018 Total available for sale securities 1,417 732,816 125,165 — 859,398 Private equity investments not measured at NAV (3) — — 83,165 (4) — 83,165 Other investments (5) 296,146 257 441 — 296,844 Derivative instruments associated with offsetting matched book positions — 422,196 — — 422,196 Deposits with clearing organizations: Government and agency obligations 29,508 — — — 29,508 Other assets: Derivative contracts (6) — 2,016 — — 2,016 Other assets — — 2,448 (7) — 2,448 Total other assets — 2,016 2,448 — 4,464 Total assets at fair value on a recurring basis $ 359,460 $ 1,995,661 $ 214,798 $ (107,539 ) $ 2,462,380 Assets at fair value on a nonrecurring basis: Bank loans, net: Impaired loans $ — $ 23,146 $ 47,982 $ — $ 71,128 Loans held for sale (8) — 18,177 — — 18,177 Total bank loans, net — 41,323 47,982 — 89,305 OREO (9) — 679 — — 679 Total assets at fair value on a nonrecurring basis $ — $ 42,002 $ 47,982 $ — $ 89,984 (continued on next page) September 30, 2016 Quoted prices in active markets for identical assets (Level 1) (1) Significant other observable inputs (Level 2) (1) Significant unobservable inputs (Level 3) Netting adjustments (2) Balance as of (in thousands) (continued from previous page) Liabilities at fair value on a recurring basis: Trading instruments sold but not yet purchased: Municipal and provincial obligations $ 1,161 $ — $ — $ — $ 1,161 Corporate obligations 1,283 29,791 — — 31,074 Government obligations 266,682 — — — 266,682 Agency MBS and CMOs 2,804 — — — 2,804 Total debt securities 271,930 29,791 — — 301,721 Derivative contracts — 151,694 — (142,859 ) 8,835 Equity securities 18,382 — — — 18,382 Total trading instruments sold but not yet purchased 290,312 181,485 — (142,859 ) 328,938 Derivative instruments associated with offsetting matched book positions — 422,196 — — 422,196 Trade and other payables: Derivative contracts (6) — 26,671 — — 26,671 Other liabilities — — 67 — 67 Total trade and other payables — 26,671 67 — 26,738 Accrued compensation, commissions and benefits: Derivative contracts (10) — 17,769 — — 17,769 Total liabilities at fair value on a recurring basis $ 290,312 $ 648,121 $ 67 $ (142,859 ) $ 795,641 The text of the footnotes to the table on the previous page are as follows: (1) We had $3 million in transfers of financial instruments from Level 1 to Level 2 during the year ended September 30, 2016 . These transfers were a result of a decrease in the availability and reliability of the observable inputs utilized in the respective instruments’ fair value measurement. We had $1 million in transfers of financial instruments from Level 2 to Level 1 during the year ended September 30, 2016 . These transfers were a result of an increase in the availability and reliability of the observable inputs utilized in the respective instruments’ fair value measurement. Our policy is that the end of each respective quarterly reporting period determines when transfers of financial instruments between levels are recognized. (2) For derivative transactions not cleared through an exchange, and where permitted, we have elected to net derivative receivables and derivative payables and the related cash collateral received and paid when a legally enforceable master netting agreement exists (see Note 13 for additional information regarding offsetting financial instruments). Deposits associated with derivative transactions cleared through an exchange are included in deposits with clearing organizations on our Condensed Consolidated Statements of Financial Condition. (3) Effective September 30, 2016 we adopted new accounting guidance related to the classification and disclosure of certain investments using the NAV as a practical expedient to measure the fair value of the investment. The amounts presented above do not include our investments measured at NAV, see the “investments in private equity measured at net asset value per share” section within this footnote, for additional information. (4) The portions of these investments we do not own are approximately $26 million as of September 30, 2016 and are included as a component of noncontrolling interest in our Condensed Consolidated Statements of Financial Condition. The weighted average portion we own is approximately $57 million or 68% of the total private equity investments of $83 million included in our Condensed Consolidated Statements of Financial Condition. (5) Other investments include $77 million of financial instruments that are related to obligations to perform under certain deferred compensation plans (see Note 2 and Note 24, of our 2016 Form 10-K for further information regarding these plans), and DB shares with a fair value of $12 million as of September 30, 2016 which we hold as an economic hedge against the DBRSU obligation (see Notes 2, 18, and 24 of our 2016 Form 10-K for additional information). (6) Consists of derivatives arising from RJ Bank’s business operations, see Note 12 for additional information. (7) Includes the fair value of forward commitments to purchase GNMA or FNMA (as hereinafter defined) MBS arising from our fixed income public finance operations. See Note 2 and Note 21 of our 2016 Form 10-K for additional information. (8) Includes individual loans classified as held for sale, which were recorded at a fair value lower than cost. (9) Represents the fair value of foreclosed properties which were measured at a fair value subsequent to their initial classification as OREO. The recorded value in the Consolidated Statements of Financial Condition is net of the estimated selling costs. (10) The balance reflects the DBRSUs which arose from our acquisition of Alex. Brown, see a discussion of the circumstances giving rise to this derivative in Note 3 on pages 127 - 129 of our 2016 Form 10-K. The adjustment to fair value of the nonrecurring fair value measures for the three months ended December 31, 2016 resulted in a $1 million additional provision for loan losses relating to impaired loans and an insignificant amount of other losses relating to loans held for sale and OREO. The adjustment to fair value of the nonrecurring fair value measures for the three months ended December 31, 2015 resulted in an insignificant additional provision for loan losses relating to impaired loans and an insignificant amount of other losses relating to loans held for sale and OREO. Changes in Level 3 recurring fair value measurements The realized and unrealized gains and losses for assets and liabilities within the Level 3 category presented in the tables below may include changes in fair value that were attributable to both observable and unobservable inputs. Additional information about Level 3 assets and liabilities measured at fair value on a recurring basis is presented below: Three months ended December 31, 2016 Level 3 assets at fair value Financial assets Financial liabilities Trading instruments Available for sale securities Private equity, other investments and other assets Payables- trade and other Non- agency CMOs & ABS Other ARS – municipals ARS - preferred securities Private equity investments Other investments Other assets Other liabilities Fair value September 30, 2016 $ 7 $ 3,572 $ 25,147 $ 100,018 $ 83,165 $ 441 $ 2,448 $ (67 ) Total gains (losses) for the period: Included in earnings — (141 ) — 1 301 (8 ) (2,448 ) (1,789 ) Included in other comprehensive income — — 217 3,857 — — — — Purchases and contributions — 18,683 — — — — — — Sales — (11,062 ) — (23 ) — — — — Redemptions by issuer — — — — — (15 ) — — Distributions — — — — — — — — Transfers: (1) Into Level 3 — — — — — — — — Out of Level 3 — — — — — (195 ) — — Fair value December 31, 2016 $ 7 $ 11,052 $ 25,364 $ 103,853 $ 83,466 $ 223 $ — $ (1,856 ) Change in unrealized gains (losses) for the period included in earnings (or changes in net assets) for assets held at the end of the reporting period $ — $ (124 ) $ 217 $ 3,856 $ 301 $ — $ — $ (4,240 ) (1) Our policy is that the end of each respective quarterly reporting period determines when transfers of financial instruments between levels are recognized. Three months ended December 31, 2015 Level 3 assets at fair value Financial assets Financial liabilities Trading instruments Available for sale securities Private equity, other investments and other assets Payables- trade and other Corporate Obligations Non- agency CMOs & ABS Other ARS – municipals ARS - preferred securities Private equity investments (1) Other investments Other assets Other liabilities Fair value September 30, 2015 $ 156 $ 9 $ 1,986 $ 28,015 $ 110,749 $ 77,435 $ 565 $ 4,975 $ (58 ) Total gains (losses) for the period: Included in earnings (40 ) — (249 ) — — — (7 ) (3,449 ) (9 ) Included in other comprehensive income — — — (535 ) (7,850 ) — — — — Purchases and contributions 73 — 19,017 — — 915 — — — Sales — — (18,790 ) — — (18 ) — — — Redemptions by issuer — — — — — — — — — Distributions — — — — — (18 ) (65 ) — — Transfers: (2) Into Level 3 — — — — — — — — — Out of Level 3 — — — — — — — — — Fair value December 31, 2015 $ 189 $ 9 $ 1,964 $ 27,480 $ 102,899 $ 78,314 $ 493 $ 1,526 $ (67 ) Change in unrealized gains (losses) for the period included in earnings (or changes in net assets) for assets held at the end of the reporting period $ (40 ) $ — $ (11 ) $ — $ — $ — $ (7 ) $ (3,449 ) $ — (1) Effective September 30, 2016, we adopted new accounting guidance related to the classification and disclosure of certain investments using NAV as a practical expedient to measure the fair value of the investment. The prior year amounts reflect the effect of reclassifications to conform the prior year period to current period presentation. (2) Our policy is that the end of each respective quarterly reporting period determines when transfers of financial instruments between levels are recognized. As of December 31, 2016 , 8% of our assets and 2% of our liabilities are instruments measured at fair value on a recurring basis. Instruments measured at fair value on a recurring basis categorized as Level 3 as of December 31, 2016 represent 9% of our assets measured at fair value. In comparison, as of December 31, 2015 , 7% and 3% of our assets and liabilities, respectively, represented instruments measured at fair value on a recurring basis. Instruments measured at fair value on a recurring basis categorized as Level 3 as of December 31, 2015 represented 12% of our assets measured at fair value. Level 3 instruments as a percentage of total financial instruments decreased by 3% as compared to December 31, 2015 , primarily as a result of the increase in total assets measured at fair value since December 31, 2015 . Gains and losses related to Level 3 recurring fair value measurements included in earnings are presented in net trading profit, other revenues and other comprehensive income in our Condensed Consolidated Statements of Income and Comprehensive Income as follows: Net trading profit Other revenues Other comprehensive income (in thousands) For the three months ended December 31, 2016 Total (losses) gains included in earnings $ (141 ) $ (3,943 ) $ 4,074 Change in unrealized (losses) gains for assets held at the end of the reporting period $ (124 ) $ (3,939 ) $ 4,073 For the three months ended December 31, 2015 Total losses included in earnings $ (289 ) $ (3,465 ) $ (8,385 ) Change in unrealized losses for assets held at the end of the reporting period $ (51 ) $ (3,456 ) $ — Quantitative information about level 3 fair value measurements The significant assumptions used in the valuation of level 3 financial instruments are as follows (the table that follows includes the significant majority of the financial instruments we hold that are classified as level 3 measures): Level 3 financial instrument Fair value at December 31, 2016 (in thousands) Valuation technique(s) Unobservable input Range (weighted-average) Recurring measurements: Available for sale securities: ARS: Municipals - issuer is a municipality $ 10,593 Discounted cash flow Average discount rate (a) 6.71% - 7.90% (7.31%) Average interest rates applicable to future interest income on the securities (b) 2.40% - 3.67% (3.04%) Prepayment year (c) 2019 - 2026 (2022) Municipals - tax-exempt preferred securities $ 14,771 Discounted cash flow Average discount rate (a) 5.80% - 6.80% (6.30%) Average interest rates applicable to future interest income on the securities (b) 1.89% - 1.89% (1.89%) Prepayment year (c) 2016 - 2021 (2021) Preferred securities - taxable $ 103,853 Discounted cash flow Average discount rate (a) 5.74% - 7.18% (6.34%) Average interest rates applicable to future interest income on the securities (b) 2.57% - 3.43% (2.71%) Prepayment year (c) 2016 - 2021 (2021) Private equity investments (not measured at NAV): $ 57,047 Income or market approach: Scenario 1 - income approach - discounted cash flow Discount rate (a) 13% - 20% (17.9%) Terminal growth rate of cash flows 3% - 3% (3%) Terminal year 2019 - 2021 (2020) Scenario 2 - market approach - market multiple method EBITDA Multiple (d) 5.25 - 7.5 (6.2) Weighting assigned to outcome of scenario 1/scenario 2 81%/19% $ 26,419 Transaction price or other investment-specific events (e) Not meaningful (e) Not meaningful (e) Nonrecurring measurements: Impaired loans: residential $ 22,178 Discounted cash flow Prepayment rate 7 yrs. - 12 yrs. (10.3 yrs.) Impaired loans: corporate $ 18,272 Appraisal or discounted cash flow value (f) Not meaningful (f) Not meaningful (f) (a) Represents discount rates used when we have determined that market participants would take these discounts into account when pricing the investments. (b) Future interest rates are projected based upon a forward interest rate path, plus a spread over such projected base rate that is applicable to each future period for each security within this portfolio segment. The interest rates presented represent the average interest rate over all projected periods for securities within the portfolio segment. (c) Assumed year of at least a partial redemption of the outstanding security by the issuer. (d) Represents amounts used when we have determined that market participants would use such multiples when pricing the investments. (e) Certain private equity investments are valued initially at the transaction price until either our annual review, significant transactions occur, new developments become known, or we receive information from the fund manager that allows us to update our proportionate share of net assets, when any of which indicate that a change in the carrying values of these investments is appropriate. (f) The valuation techniques used for the impaired corporate loan portfolio are appraisals less selling costs for the collateral dependent loans and discounted cash flows for impaired loans that are not collateral dependent. Qualitative disclosure about unobservable inputs For our recurring fair value measurements categorized within Level 3 of the fair value hierarchy, the sensitivity of the fair value measurement to changes in significant unobservable inputs and interrelationships between those unobservable inputs are described below: Auction rate securities: One of the significant unobservable inputs used in the fair value measurement of auction rate securities presented within our available for sale securities portfolio relates to judgments regarding whether the level of observable trading activity is sufficient to conclude markets are active. Where insufficient levels of trading activity are determined to exist as of the reporting date, then management’s assessment of how much weight to apply to trading prices in inactive markets versus management’s own valuation models could significantly impact the valuation conclusion. The valuation of the securities impacted by changes in management’s assessment of market activity levels could be either higher or lower, depending upon the relationship of the inactive trading prices compared to the outcome of management’s internal valuation models. The future interest rate and maturity assumptions impacting the valuation of the auction rate securities are directly related. As short-term interest rates rise, due to the variable nature of the penalty interest rate provisions embedded in most of these securities in the event auctions fail to set the security’s interest rate, then a penalty rate that is specified in the security increases. These penalty rates are based upon a stated interest rate spread over what is typically a short-term base interest rate index. Management estimates that at some level of increase in short-term interest rates, issuers of the securities will have the economic incentive to refinance (and thus prepay) the securities. Therefore, the short-term interest rate assumption directly impacts the input related to the timing of any projected prepayment. The faster and steeper short-term interest rates rise, the earlier prepayments will likely occur and the higher the fair value of the security. Private equity investments: The significant unobservable inputs used in the fair value measurement of private equity investments relate to the financial performance of the investment entity and the market’s required return on investments from entities in industries in which we hold investments. Significant increases (or decreases) in our investment entities’ future economic performance will have a directly proportional impact on the valuation results. The value of our investment moves inversely with the market’s expectation of returns from such investments. Should the market require higher returns from industries in which we are invested, all other factors held constant, our investments will decrease in value. Should the market accept lower returns from industries in which we are invested, all other factors held constant, our investments will increase in value. Investments in private equity measured at net asset value per share As more fully described in Note 2 on pages 115 - 116 of our 2016 Form 10-K, as a practical expedient, we utilize NAV or its equivalent to determine the recorded value of a portion of our private equity portfolio. Our private equity portfolio includes various direct and third party private equity investments, employee investment funds, and various private equity funds which we sponsor. The portfolio is primarily invested in a broad range of industries including leveraged buyouts, growth capital, distressed capital, venture capital and mezzanine capital. Due to the closed-end nature of certain of our fund investments, such investments cannot be redeemed directly with the funds; our investment is monetized through distributions received through the liquidation of the underlying assets of those funds. The recorded value and unfunded commitments related to our private equity portfolio is as follows: Unfunded Commitment Recorded Value RJF (1) Noncontrolling Interest (2) Total (in thousands) December 31, 2016 Private equity investments at NAV $ 115,972 (3) $ 24,249 $ 2,299 $ 26,548 Private equity investments at fair value 83,466 Total private equity investments $ 199,438 (4) September 30, 2016 Private equity investments at NAV $ 111,469 (3) $ 27,542 $ 3,001 $ 30,543 Private equity investments at fair value 83,165 Total private equity investments $ 194,634 (5) (1) Represents RJF’s portion of unfunded commitments related to our private equity portfolio. (2) Unfunded commitments related to the portion of our private equity portfolio owned by others. Such commitments are required to be funded by the holders of the noncontrolling interests. (3) We anticipate 90% of these funds will be liquidated over a period of five years or less. The remaining 10% of these funds we anticipate to be liquidated over a period of five to nine years . (4) The portions of these investments we do not own are approximately $51 million as of December 31, 2016 and are included as a component of noncontrolling interest in our Condensed Consolidated Statements of Financial Condition. The weighted average portion we own is approximately $148 million or 74% of the total private equity investments of $199 million included in our Condensed Consolidated Statements of Financial Condition. (5) The portions of these investments we do not own are approximately $51 million as of September 30, 2016 and are included as a component of noncontrolling interest in our Condensed Consolidated Statements of Financial Condition. The weighted average portion we own is approximately $144 million or 74% of the total private equity investments of $195 million included in our Condensed Consolidated Statements of Financial Condition. Many of these fund investments meet the definition of prohibited “covered funds” as defined by the Volcker Rule of the Dodd-Frank Wall Street Reform and Consumer Protection Act. In order to be compliant with the Volcker Rule by its’ July 2017 conformance period, it is possible that we may be required to sell our interests in such funds. If that occurs, we would likely receive a value for our interests that is less than the carrying value as there is a limited secondary market for these investments and we may be unable to sell them in orderly transactions. Fair value option The fair value option is an accounting election that allows the reporting entity to apply fair value accounting for certain financial assets and liabilities on an instrument by instrument basis. As of December 31, 2016 , we have elected not to choose the fair value option for any of our financial assets or liabilities not already recorded at fair value. Other fair value disclosures Many, but not all, of the financial instruments we hold are recorded at fair value in the Condensed Consolidated Statements of Financial Condition. Refer to Note 5 on pages 140 - 142 of our 2016 Form 10-K for discussion of the methods and assumptions we apply to the determination of fair value of our financial instruments that are not otherwise recorded at fair value. The estimated fair values by level within the fair value hierarchy and the carrying amounts of our financial instruments that are not carried at fair value are as follows: Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Total estimated fair value Carrying amount (in thousands) December 31, 2016 Financial assets: Bank loans, net (1) $ — $ 160,811 $ 15,417,900 $ 15,578,711 $ 15,745,853 Loans to Financial advisors, net $ — $ — $ 709,145 $ 709,145 $ 845,783 Financial liabilities: Bank deposits $ — $ 14,901,554 $ 286,736 $ 15,188,290 $ 15,189,790 Other borrowings (2) $ — $ 32,665 $ — $ 32,665 $ 32,271 Senior notes payable $ 355,460 $ 1,386,734 $ — $ 1,742,194 $ 1,680,957 September 30, 2016 Financial assets: Bank loans, net (1) $ — $ 196,109 $ 14,925,802 $ 15,121,911 $ 15,121,430 Loans to financial advisors, net $ — $ — $ 706,717 $ 706,717 $ 838,721 Financial liabilities: Bank deposits $ — $ 13,947,310 $ 318,228 $ 14,265,538 $ 14,262,547 Other borrowings (2) $ — $ 34,520 $ — $ 34,520 $ 33,391 Senior notes payable $ 362,180 $ 1,452,071 $ — $ 1,814,251 $ 1,680,587 (1) Excludes all impaired loans and loans held for sale which have been recorded at fair value in the Condensed Consolidated Statements of Financial Condition at December 31, 2016 and September 30, 2016 . (2) Excludes the components of other borrowings that are recorded at amounts that approximate their fair value in the Condensed Consolidated Statements of Financial Condition at December 31, 2016 and September 30, 2016 .

TRADING INSTRUMENTS AND TRADING

TRADING INSTRUMENTS AND TRADING INSTRUMENTS SOLD BUT NOT YET PURCHASED	3 Months Ended
	Dec. 31, 2016
Trading Instruments and Trading Instruments Sold But Not Yet Purchased [Abstract]
TRADING INSTRUMENTS AND TRADING INSTRUMENTS SOLD BUT NOT YET PURCHASED	TRADING INSTRUMENTS AND TRADING INSTRUMENTS SOLD BUT NOT YET PURCHASED December 31, 2016 September 30, 2016 Trading instruments Instruments sold but not yet purchased Trading instruments Instruments sold but not yet purchased (in thousands) Municipal and provincial obligations $ 116,230 $ 598 $ 274,163 $ 1,161 Corporate obligations 64,892 19,570 132,885 31,074 Government and agency obligations 48,588 177,323 49,598 266,682 Agency MBS and CMOs 125,664 1,144 164,663 2,804 Non-agency CMOs and ABS 43,244 5,269 34,428 — Total debt securities 398,618 203,904 655,737 301,721 Derivative contracts (1) 55,920 53,066 55,703 8,835 Equity securities 17,817 3,373 16,029 18,382 Brokered certificates of deposit 34,349 — 35,206 — Other 11,088 200 4,130 — Total $ 517,792 $ 260,543 $ 766,805 $ 328,938 (1) Represents the derivative contracts held for trading purposes. These balances do not include all derivative instruments. See Note 12 for further information regarding all of our derivative transactions, and see Note 13 for additional information regarding offsetting financial instruments. See Note 5 for additional information regarding the fair value of trading instruments and trading instruments sold but not yet purchased.

AVAILABLE FOR SALE SECURITIES

AVAILABLE FOR SALE SECURITIES	3 Months Ended
	Dec. 31, 2016
Available-for-sale Securities [Abstract]
AVAILABLE FOR SALE SECURITIES	AVAILABLE FOR SALE SECURITIES Available for sale securities are comprised of MBS and CMOs owned by RJ Bank and ARS owned by one of our non-broker-dealer subsidiaries. Refer to the discussion of our available for sale securities accounting policies, including the fair value determination process, in Note 2 on pages 113 - 114 of our 2016 Form 10-K. There were $7 million of proceeds, and an insignificant loss which is included in other revenues in our Condensed Consolidated Statements of Income and Comprehensive Income, from the sale of available for sale securities held by RJ Bank during the three months ended December 31, 2016 . There were no proceeds from the sale of available for sale securities held by RJ Bank during the three months ended December 31, 2015 . There was an insignificant amount of proceeds and related gains which are included in other revenues on our Condensed Consolidated Statements of Income and Comprehensive Income, respectively, from the sale of ARS during the three months ended December 31, 2016 . There were no proceeds from the sale or redemption of ARS during the three months ended December 31, 2015 . The amortized cost and fair values of available for sale securities are as follows: Cost basis Gross unrealized gains Gross unrealized losses Fair value (in thousands) December 31, 2016 Available for sale securities: Agency MBS and CMOs $ 1,002,868 $ 458 $ (10,332 ) $ 992,994 Non-agency CMOs (1) 41,918 4 (2,007 ) 39,915 Other securities 1,575 — (177 ) 1,398 Total RJ Bank available for sale securities 1,046,361 462 (12,516 ) 1,034,307 Auction rate securities: Municipal obligations 27,491 14 (2,141 ) 25,364 Preferred securities 103,204 809 (160 ) 103,853 Total auction rate securities 130,695 823 (2,301 ) 129,217 Total available for sale securities $ 1,177,056 $ 1,285 $ (14,817 ) $ 1,163,524 September 30, 2016 Available for sale securities: Agency MBS and CMOs $ 680,341 $ 2,512 $ (556 ) $ 682,297 Non-agency CMOs (2) 53,427 9 (2,917 ) 50,519 Other securities 1,575 — (158 ) 1,417 Total RJ Bank available for sale securities 735,343 2,521 (3,631 ) 734,233 Auction rate securities: Municipal obligations 27,491 14 (2,358 ) 25,147 Preferred securities 103,226 — (3,208 ) 100,018 Total auction rate securities 130,717 14 (5,566 ) 125,165 Total available for sale securities $ 866,060 $ 2,535 $ (9,197 ) $ 859,398 (1) As of December 31, 2016 , the non-credit portion of unrealized losses related to non-agency CMOs with previously recorded other-than-temporary impairment (“OTTI”) was $1 million (before taxes) recorded in accumulated other comprehensive income (loss) (“AOCI”). See Note 16 for additional information. (2) As of September 30, 2016 , the non-credit portion of unrealized losses related to non-agency CMOs with previously recorded OTTI was $2 million (before taxes) recorded in AOCI. See Note 5 for additional information regarding the fair value of available for sale securities. The contractual maturities, amortized cost, carrying values and current yields for our available for sale securities are as presented below. Since RJ Bank’s available for sale securities (MBS & CMOs) are backed by mortgages, actual maturities will differ from contractual maturities because borrowers may have the right to prepay obligations without prepayment penalties. Expected maturities of ARS may differ significantly from contractual maturities, as issuers may have the right to call or prepay obligations with or without call or prepayment penalties. December 31, 2016 Within one year After one but within five years After five but within ten years After ten years Total ($ in thousands) Agency MBS & CMOs: Amortized cost $ 175 $ 53,772 $ 254,570 $ 694,351 $ 1,002,868 Carrying value 176 53,225 252,700 686,893 992,994 Weighted-average yield 1.02 % 1.72 % 1.61 % 1.61 % 1.62 % Non-agency CMOs: Amortized cost $ — $ — $ — $ 41,918 $ 41,918 Carrying value — — — 39,915 39,915 Weighted-average yield — — — 2.71 % 2.71 % Other securities: Amortized cost $ — $ — $ — $ 1,575 $ 1,575 Carrying value — — — 1,398 1,398 Weighted-average yield — — — — — Sub-total agency MBS & CMOs, non-agency CMOs, and other securities: Amortized cost $ 175 $ 53,772 $ 254,570 $ 737,844 $ 1,046,361 Carrying value 176 53,225 252,700 728,206 1,034,307 Weighted-average yield 1.02 % 1.72 % 1.61 % 1.67 % 1.66 % Auction rate securities: Municipal obligations Amortized cost $ — $ — $ — $ 27,491 $ 27,491 Carrying value — — — 25,364 25,364 Weighted-average yield — — — 1.66 % 1.66 % Preferred securities: Amortized cost $ — $ — $ — $ 103,204 $ 103,204 Carrying value — — — 103,853 103,853 Weighted-average yield — — — 1.17 % 1.17 % Sub-total auction rate securities: Amortized cost $ — $ — $ — $ 130,695 $ 130,695 Carrying value — — — 129,217 129,217 Weighted-average yield — — — 1.27 % 1.27 % Total available for sale securities: Amortized cost $ 175 $ 53,772 $ 254,570 $ 868,539 $ 1,177,056 Carrying value 176 53,225 252,700 857,423 1,163,524 Weighted-average yield 1.02 % 1.72 % 1.61 % 1.61 % 1.62 % The gross unrealized losses and fair value, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position, are as follows: December 31, 2016 Less than 12 months 12 months or more Total Estimated fair value Unrealized losses Estimated fair value Unrealized losses Estimated fair value Unrealized losses (in thousands) Agency MBS and CMOs $ 844,440 $ (9,864 ) $ 26,332 $ (468 ) $ 870,772 $ (10,332 ) Non-agency CMOs 1,496 (36 ) 37,868 (1,971 ) 39,364 (2,007 ) Other securities 1,575 (177 ) — — 1,575 (177 ) ARS municipal obligations — — 25,116 (2,141 ) 25,116 (2,141 ) ARS preferred securities 1,488 (42 ) 32,945 (118 ) 34,433 (160 ) Total $ 848,999 $ (10,119 ) $ 122,261 $ (4,698 ) $ 971,260 $ (14,817 ) September 30, 2016 Less than 12 months 12 months or more Total Estimated fair value Unrealized losses Estimated fair value Unrealized losses Estimated fair value Unrealized losses (in thousands) Agency MBS and CMOs $ 208,880 $ (361 ) $ 28,893 $ (195 ) $ 237,773 $ (556 ) Non-agency CMOs 4,256 (21 ) 44,137 (2,896 ) 48,393 (2,917 ) Other securities 1,417 (158 ) — — 1,417 (158 ) ARS municipal obligations 13,204 (697 ) 11,695 (1,661 ) 24,899 (2,358 ) ARS preferred securities 98,489 (3,208 ) — — 98,489 (3,208 ) Total $ 326,246 $ (4,445 ) $ 84,725 $ (4,752 ) $ 410,971 $ (9,197 ) The reference point for determining when securities are in a loss position is the reporting period end. As such, it is possible that a security had a fair value that exceeded its amortized cost on other days during the period. Agency MBS and CMOs The Federal Home Loan Mortgage Corporation (“FHLMC”), Federal National Mortgage Association (“FNMA”), as well as the Government National Mortgage Association (“GNMA”), guarantee the contractual cash flows of the agency MBS and CMOs. At December 31, 2016 of the 106 U.S. government-sponsored enterprise MBS and CMOs in an unrealized loss position, 99 were in a continuous unrealized loss position for less than 12 months and seven were for 12 months or more. We do not consider these securities other-than-temporarily impaired due to the guarantee provided by FNMA, FHLMC, and GNMA as to the full payment of principal and interest, and the fact that we have the ability and intent to hold these securities to maturity. Non-agency CMOs All individual non-agency securities are evaluated for OTTI on a quarterly basis. Only those non-agency CMOs whose amortized cost basis we do not expect to recover in full are considered to be other than temporarily impaired, as we have the ability and intent to hold these securities to maturity. To assess whether the amortized cost basis of non-agency CMOs will be recovered, RJ Bank performs a cash flow analysis for each security. This comprehensive process considers borrower characteristics and the particular attributes of the loans underlying each security. Loan level analysis includes a review of historical default rates, loss severities, liquidations, prepayment speeds and delinquency trends. In addition to historical details, home prices and the economic outlook are considered to derive the assumptions utilized in the discounted cash flow model to project security-specific cash flows, which factors in the amount of credit enhancement specific to the security. The difference between the present value of the cash flows expected and the amortized cost basis is the credit loss, and it is recorded as OTTI. The significant assumptions used in the cash flow analysis of non-agency CMOs are as follows: December 31, 2016 Range Weighted- average (1) Default rate 0% - 7.9% 3.45% Loss severity 0% - 51.9% 30.44% Prepayment rate 7.9% - 32.7% 15.67% (1) Represents the expected activity for the next twelve months. At December 31, 2016 , 11 of the 12 non-agency CMOs were in a continuous unrealized loss position. Ten of these securities were in that position for 12 months or more and one was in a continuous unrealized loss position for less than 12 months. Based on the expected cash flows derived from the model utilized in our analysis, we expect to recover all unrealized losses not already recorded in earnings on our non-agency CMOs. However, it is possible that the underlying loan collateral of these securities will perform worse than current expectations, which may lead to adverse changes in the cash flows expected to be collected on these securities and potential future OTTI losses. As residential mortgage loans are the underlying collateral of these securities, the unrealized losses at December 31, 2016 reflect the uncertainty in the markets for these instruments. ARS Our cost basis in the ARS we hold is the fair value of the securities in the period in which we acquired them. The par value of the ARS we hold as of December 31, 2016 is $152.9 million . Only those ARS whose amortized cost basis we do not expect to recover in full are considered to be other-than-temporarily impaired, as we have the ability and intent to hold these securities to maturity. All of our ARS securities are evaluated for OTTI on a quarterly basis. As of December 31, 2016 , there were 15 ARS preferred securities with a fair value less than their cost basis, indicating potential impairment. We analyzed the credit ratings associated with each of these securities as an indicator of potential credit impairment, and including subsequent ratings changes, determined that all of these securities maintained investment grade ratings by at least one rating agency. We have the ability and intent to hold these securities to maturity and expect to recover their entire cost basis and therefore concluded that none of the potential impairment within our ARS preferred securities portfolio is related to potential credit loss. Within our municipal ARS holdings as of December 31, 2016 , there were nine municipal ARS with a fair value less than their cost basis, indicating potential impairment. We analyzed the credit ratings associated with these securities as an indicator of potential credit impairment, and including subsequent ratings changes, determined that all of these securities maintained investment grade ratings by at least one rating agency. We have the ability and intent to hold these securities to maturity and expect to recover their entire cost basis and therefore concluded that none of the potential impairment within our municipal ARS portfolio is related to potential credit loss. Other-than-temporarily impaired securities Although there is no intent to sell either our ARS or our non-agency CMOs, and it is not more likely than not that we will be required to sell these securities, as of December 31, 2016 we do not expect to recover the entire amortized cost basis of certain securities within the non-agency CMO available for sale security portfolio. Changes in the amount of OTTI related to credit losses recognized in other revenues on available for sale securities are as follows: Three months ended December 31, 2016 2015 (in thousands) Amount related to credit losses on securities we held at the beginning of the period $ 8,107 $ 11,847 Decreases to the amount related to credit loss for securities sold during the period (2,353 ) — Amount related to credit losses on securities we held at the end of the period $ 5,754 $ 11,847

BANK LOANS, NET

BANK LOANS, NET	3 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
BANK LOANS, NET	BANK LOANS, NET Bank client receivables are comprised of loans originated or purchased by RJ Bank, and include commercial and industrial (“C&I”) loans, tax-exempt loans, securities based loans (“SBL”), as well as commercial and residential real estate loans. These receivables are collateralized by first or second mortgages on residential or other real property, other assets of the borrower, a pledge of revenue, or are unsecured. For a discussion of our accounting policies regarding bank loans and allowances for losses, including the policies regarding loans held for investment, loans held for sale, off-balance sheet loan commitments, nonperforming assets, troubled debt restructurings (“TDRs”), impaired loans, the allowance for loan losses and reserve for unfunded lending commitments, and loan charge-off policies, see Note 2 on pages 117 – 121 of our 2016 Form 10-K. We segregate our loan portfolio into six loan portfolio segments: C&I, commercial real estate (“CRE”), CRE construction, tax-exempt, residential mortgage, and SBL. These portfolio segments also serve as the portfolio loan classes for purposes of credit analysis, except for residential mortgage loans which are further disaggregated into residential first mortgage and residential home equity classes. The following table presents the balances for both the held for sale and held for investment loan portfolios, as well as the associated percentage of each portfolio segment in RJ Bank’s total loan portfolio: December 31, 2016 September 30, 2016 Balance % Balance % ($ in thousands) Loans held for sale, net (1) $ 202,201 1 % $ 214,286 1 % Loans held for investment: Domestic: C&I loans 6,386,069 40 % 6,402,675 42 % CRE construction loans 132,560 1 % 107,437 1 % CRE loans 2,290,245 14 % 2,188,652 14 % Tax-exempt loans 859,038 5 % 740,944 5 % Residential mortgage loans 2,651,289 17 % 2,439,286 16 % SBL 2,000,702 13 % 1,903,930 12 % Foreign: C&I loans 1,165,771 7 % 1,067,698 7 % CRE construction loans — — 15,281 — CRE loans 376,273 2 % 365,419 2 % Residential mortgage loans 2,248 — 2,283 — SBL 893 — 897 — Total loans held for investment 15,865,088 15,234,502 Net unearned income and deferred expenses (40,857 ) (40,675 ) Total loans held for investment, net (1) 15,824,231 15,193,827 Total loans held for sale and investment 16,026,432 100 % 15,408,113 100 % Allowance for loan losses (197,680 ) (197,378 ) Bank loans, net $ 15,828,752 $ 15,210,735 (1) Net of unearned income and deferred expenses, which includes purchase premiums, purchase discounts, and net deferred origination fees and costs. At December 31, 2016 , the Federal Home Loan Bank of Atlanta (“FHLB”) had a blanket lien on RJ Bank’s residential mortgage loan portfolio as security for the repayment of certain borrowings. See Note 11 for more information regarding borrowings from the FHLB. Loans held for sale RJ Bank originated or purchased $522 million of loans held for sale during the three months ended December 31, 2016 , and $623 million during the three months ended December 31, 2015 . Proceeds from the sale of these held for sale loans amounted to $150 million during the three months ended December 31, 2016 , and $86 million during the three months ended December 31, 2015 . Net gains resulting from such sales amounted to $700 thousand during the three months ended December 31, 2016 , and $300 thousand during the three months ended December 31, 2015 . Unrealized losses recorded in the Condensed Consolidated Statements of Income and Comprehensive Income to reflect the loans held for sale at the lower of cost or market value were insignificant in both the three months ended December 31, 2016 and 2015 . Purchases and sales of loans held for investment As more fully described in Note 2 of our 2016 Form 10-K, corporate loan sales generally occur as part of a loan workout situation. The following table presents purchases and sales of any loans held for investment by portfolio segment: C&I CRE Residential mortgage Total (in thousands) Three months ended December 31, 2016 Purchases $ 114,649 $ 38,980 $ 81,662 $ 235,291 Sales (1) $ 81,579 $ — $ — $ 81,579 Three months ended December 31, 2015 Purchases $ 57,851 $ — $ 79,035 $ 136,886 Sales (1) $ 35,246 $ — $ — $ 35,246 (1) Represents the recorded investment of loans held for investment that were transferred to loans held for sale and subsequently sold to a third party during the respective period. Corporate loan sales generally occur as part of a loan workout situation. Aging analysis of loans held for investment The following table presents an analysis of the payment status of loans held for investment: 30-89 days and accruing 90 days or more and accruing Total past due and accruing Nonaccrual (1) Current and accruing Total loans held for investment (2) (in thousands) As of December 31, 2016: C&I loans $ — $ — $ — $ 24,762 $ 7,527,078 $ 7,551,840 CRE construction loans — — — — 132,560 132,560 CRE loans — — — — 2,666,518 2,666,518 Tax-exempt loans — — — — 859,038 859,038 Residential mortgage loans: First mortgage loans 2,206 — 2,206 39,672 2,589,192 2,631,070 Home equity loans/lines 10 — 10 36 22,421 22,467 SBL — — — — 2,001,595 2,001,595 Total loans held for investment, net $ 2,216 $ — $ 2,216 $ 64,470 $ 15,798,402 $ 15,865,088 As of September 30, 2016: C&I loans $ — $ — $ — $ 35,194 $ 7,435,179 $ 7,470,373 CRE construction loans — — — — 122,718 122,718 CRE loans — — — 4,230 2,549,841 2,554,071 Tax-exempt — — — — 740,944 740,944 Residential mortgage loans: First mortgage loans 1,766 — 1,766 41,746 2,377,357 2,420,869 Home equity loans/lines — — — 37 20,663 20,700 SBL — — — — 1,904,827 1,904,827 Total loans held for investment, net $ 1,766 $ — $ 1,766 $ 81,207 $ 15,151,529 $ 15,234,502 (1) Includes $37 million and $54 million of nonaccrual loans at December 31, 2016 and September 30, 2016 , respectively, which are performing pursuant to their contractual terms. (2) Excludes any net unearned income and deferred expenses. Nonperforming loans represent those loans on nonaccrual status, troubled debt restructurings, and accruing loans which are 90 days or more past due and in the process of collection. The gross interest income related to the nonperforming loans reflected in the previous table, which would have been recorded had these loans been current in accordance with their original terms, totaled $600 thousand and $400 thousand for the three months ended December 31, 2016 and 2015, respectively. The interest income recognized on nonperforming loans was $400 thousand and $300 thousand for the three months ended December 31, 2016 and 2015, respectively. Other real estate owned, included in other assets on our Condensed Consolidated Statements of Financial Condition, was $5 million at both December 31, 2016 and September 30, 2016 . The recorded investment of mortgage loans secured by one-to-four family residential properties for which formal foreclosure proceedings are in process was $21 million at both December 31, 2016 and September 30, 2016 . Impaired loans and troubled debt restructurings The following table provides a summary of RJ Bank’s impaired loans: December 31, 2016 September 30, 2016 Gross recorded investment Unpaid principal balance Allowance for losses Gross recorded investment Unpaid principal balance Allowance for losses (in thousands) Impaired loans with allowance for loan losses: (1) C&I loans $ 28,143 $ 35,799 $ 9,870 $ 35,194 $ 35,872 $ 13,351 Residential - first mortgage loans 28,718 38,922 3,004 30,393 41,337 3,147 Total 56,861 74,721 12,874 65,587 77,209 16,498 Impaired loans without allowance for loan losses: (2) CRE loans — — — 4,230 11,611 — Residential - first mortgage loans 17,507 26,534 — 17,809 26,486 — Total 17,507 26,534 — 22,039 38,097 — Total impaired loans $ 74,368 $ 101,255 $ 12,874 $ 87,626 $ 115,306 $ 16,498 (1) Impaired loan balances have had reserves established based upon management’s analysis. (2) When the discounted cash flow, collateral value or market value equals or exceeds the carrying value of the loan, then the loan does not require an allowance. These are generally loans in process of foreclosure that have already been adjusted to fair value. The preceding table includes $28 million residential first mortgage TDR’s at December 31, 2016 , and $4 million CRE and $28 million residential first mortgage TDR’s at September 30, 2016 . The average balance of the total impaired loans and the related interest income recognized in the Condensed Consolidated Statements of Income and Comprehensive Income are as follows: Three months ended December 31, 2016 2015 (in thousands) Average impaired loan balance: C&I loans $ 32,808 $ 10,506 CRE loans 2,776 4,672 Residential mortgage loans: First mortgage loans 46,533 53,732 Total $ 82,117 $ 68,910 Interest income recognized: Residential mortgage loans: First mortgage loans $ 333 $ 380 Total $ 333 $ 380 During the three months ended December 31, 2016 , RJ Bank granted concessions to borrowers having financial difficulties, for which the resulting modification was deemed a TDR. These concessions granted for the respective first mortgage residential loans were interest rate reductions, amortization and maturity date extensions, capitalization of past due payments, or principal forgiveness. During the three months ended December 31, 2015 , there were no concessions granted to borrowers having financial difficulties, for which the resulting modification was deemed a TDR. The table below presents the TDRs that occurred during the period presented: Number of contracts Pre-modification outstanding recorded investment Post-modification outstanding recorded investment ($ in thousands) Three months ended December 31, 2016 Residential – first mortgage loans 5 $ 1,198 $ 1,147 There were no TDRs that occurred during the three months ended December 31, 2015 . There were no TDRs for which there was a payment default and for which the respective loan was modified as a TDR within the 12 months prior to the default during the three months ended December 31, 2016 . There was one residential first mortgage TDR with a recorded investment of $100 thousand for which there was a payment default within the 12 months prior to the default during the three months ended December 31, 2015 . As of December 31, 2016 and September 30, 2016 , RJ Bank had no outstanding commitments on TDRs. Credit quality indicators The credit quality of RJ Bank’s loan portfolio is summarized monthly by management using the standard asset classification system utilized by bank regulators for the SBL and residential mortgage loan portfolios and internal risk ratings, which correspond to the same standard asset classifications for the corporate loan portfolios. These classifications are divided into three groups: Not Classified (Pass), Special Mention, and Classified or Adverse Rating (Substandard, Doubtful and Loss). These terms are defined as follows: Pass – Loans which are well protected by the current net worth and paying capacity of the obligor (or guarantors, if any) or by the fair value, less costs to acquire and sell, of any underlying collateral in a timely manner. Special Mention – Loans which have potential weaknesses that deserve management’s close attention. These loans are not adversely classified and do not expose RJ Bank to sufficient risk to warrant an adverse classification. Substandard – Loans which are inadequately protected by the current sound worth and paying capacity of the obligor or by the collateral pledged, if any. Loans with this classification are characterized by the distinct possibility that RJ Bank will sustain some loss if the deficiencies are not corrected. Doubtful – Loans which have all the weaknesses inherent in loans classified as substandard with the added characteristic that the weaknesses make collection or liquidation in full highly questionable and improbable on the basis of currently-known facts, conditions and values. Loss – Loans which are considered by management to be uncollectible and of such little value that their continuance on RJ Bank’s books as an asset, without establishment of a specific valuation allowance or charge-off, is not warranted. RJ Bank does not have any loan balances within this classification because, in accordance with its accounting policy, loans, or a portion thereof considered to be uncollectible, are charged-off prior to the assignment of this classification. The credit quality of RJ Bank’s held for investment loan portfolio is as follows: Pass Special mention (1) Substandard (1) Doubtful (1) Total (in thousands) December 31, 2016 C&I $ 7,391,029 $ 64,766 $ 96,045 $ — $ 7,551,840 CRE construction 132,560 — — — 132,560 CRE 2,666,349 — 169 — 2,666,518 Tax-exempt 859,038 — — — 859,038 Residential mortgage: First mortgage 2,569,503 9,911 51,656 — 2,631,070 Home equity 22,248 182 37 — 22,467 SBL 2,001,595 — — — 2,001,595 Total $ 15,642,322 $ 74,859 $ 147,907 $ — $ 15,865,088 September 30, 2016 C&I $ 7,241,055 $ 117,046 $ 112,272 $ — $ 7,470,373 CRE construction 122,718 — — — 122,718 CRE 2,549,672 — 4,399 — 2,554,071 Tax-exempt 740,944 — — — 740,944 Residential mortgage: First mortgage 2,355,393 11,349 54,127 — 2,420,869 Home equity 20,413 182 105 — 20,700 SBL 1,904,827 — — — 1,904,827 Total $ 14,935,022 $ 128,577 $ 170,903 $ — $ 15,234,502 (1) Loans classified as special mention, substandard or doubtful are all considered to be “criticized” loans. The credit quality of RJ Bank’s performing residential first mortgage loan portfolio is additionally assessed utilizing updated loan-to-value (“LTV”) ratios. Current LTVs are updated using the most recently available information (generally updated every six months) and are estimated based on the initial appraisal obtained at the time of origination, adjusted using relevant market indices for housing price changes that have occurred since origination. The value of the homes could vary from actual market values due to changes in the condition of the underlying property, variations in housing price changes within current valuation indices, and other factors. Residential mortgage loans with estimated LTVs in excess of 100% represent less than 1% of the residential mortgage loan portfolio. Allowance for loan losses and reserve for unfunded lending commitments Changes in the allowance for loan losses of RJ Bank by portfolio segment are as follows: Loans held for investment C&I CRE construction CRE Tax-exempt Residential mortgage SBL Total (in thousands) Three months ended December 31, 2016 Balance at beginning of period $ 137,701 $ 1,614 $ 36,533 $ 4,100 $ 12,664 $ 4,766 $ 197,378 (Benefit) provision for loan losses (1,243 ) 581 (2,010 ) 393 997 242 (1,040 ) Net (charge-offs)/recoveries: Charge-offs (3,389 ) — — — (87 ) — (3,476 ) Recoveries — — 5,013 — 65 — 5,078 Net (charge-offs)/recoveries (3,389 ) — 5,013 — (22 ) — 1,602 Foreign exchange translation adjustment (164 ) (92 ) (4 ) — — — (260 ) Balance at December 31, 2016 $ 132,905 $ 2,103 $ 39,532 $ 4,493 $ 13,639 $ 5,008 $ 197,680 Three months ended December 31, 2015 Balance at beginning of period $ 117,623 $ 2,707 $ 30,486 $ 5,949 $ 12,526 $ 2,966 $ 172,257 Provision (benefit) for loan losses 11,585 (52 ) 963 1,170 (204 ) 448 13,910 Net (charge-offs)/recoveries: Charge-offs (267 ) — — — (547 ) — (814 ) Recoveries — — — — 490 1 491 Net (charge-offs)/recoveries (267 ) — — — (57 ) 1 (323 ) Foreign exchange translation adjustment (220 ) (20 ) (145 ) — — — (385 ) Balance at December 31, 2015 $ 128,721 $ 2,635 $ 31,304 $ 7,119 $ 12,265 $ 3,415 $ 185,459 The following table presents, by loan portfolio segment, RJ Bank’s recorded investment and related allowance for loan losses: Loans held for investment Allowance for loan losses Recorded investment (1) Individually evaluated for impairment Collectively evaluated for impairment Total Individually evaluated for impairment Collectively evaluated for impairment Total (in thousands) December 31, 2016 C&I $ 9,870 $ 123,035 $ 132,905 $ 24,762 $ 7,527,078 $ 7,551,840 CRE construction — 2,103 2,103 — 132,560 132,560 CRE — 39,532 39,532 — 2,666,518 2,666,518 Tax-exempt — 4,493 4,493 — 859,038 859,038 Residential mortgage 3,007 10,632 13,639 54,736 2,598,801 2,653,537 SBL — 5,008 5,008 — 2,001,595 2,001,595 Total $ 12,877 $ 184,803 $ 197,680 $ 79,498 $ 15,785,590 $ 15,865,088 September 30, 2016 C&I $ 13,351 $ 124,350 $ 137,701 $ 35,194 $ 7,435,179 $ 7,470,373 CRE construction — 1,614 1,614 — 122,718 122,718 CRE — 36,533 36,533 4,230 2,549,841 2,554,071 Tax-exempt — 4,100 4,100 — 740,944 740,944 Residential mortgage 3,156 9,508 12,664 56,735 2,384,834 2,441,569 SBL — 4,766 4,766 — 1,904,827 1,904,827 Total $ 16,507 $ 180,871 $ 197,378 $ 96,159 $ 15,138,343 $ 15,234,502 (1) Excludes any net unearned income and deferred expenses. The reserve for unfunded lending commitments, included in trade and other payables on our Condensed Consolidated Statements of Financial Condition was $9 million at December 31, 2016 , and $11 million at September 30, 2016 .

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	3 Months Ended
	Dec. 31, 2016
Variable Interest Entities [Abstract]
VARIABLE INTEREST ENTITIES	VARIABLE INTEREST ENTITIES A VIE requires consolidation by the entity’s primary beneficiary. We evaluate all of the entities in which we are involved to determine if the entity is a VIE and, if so, whether we hold a variable interest and are the primary beneficiary. Refer to Note 2 on pages 125 - 127 of our 2016 Form 10-K for a description of our principal involvement with VIEs and the accounting policies regarding determination of whether we are deemed to be the primary beneficiary of any VIEs. In addition, refer to Note 2 for the discussion of the changes in our significant accounting policies since September 30, 2016, governing our VIE determinations and consolidation conclusions resulting from our October 1, 2016 adoption of new consolidation accounting guidance. VIEs where we are the primary beneficiary Of the VIEs in which we hold an interest, we have determined that certain Private Equity Interests, any LIHTC Funds where RJTCF provides an investor member with a guaranteed return on their investment, and the trust we utilize in connection with restricted stock unit awards granted to certain employees of our Canadian subsidiary (the “Restricted Stock Trust Fund”) require consolidation in our financial statements, as we are deemed the primary beneficiary of such VIEs. The aggregate assets and liabilities of the VIEs we consolidate are provided in the table below. Aggregate assets (1) Aggregate liabilities (1) (in thousands) December 31, 2016 Private Equity Interests $ 112,674 $ 5,302 Guaranteed LIHTC Fund (2) 62,796 2,644 Restricted Stock Trust Fund 14,956 14,956 Total $ 190,426 $ 22,902 September 30, 2016 Private Equity Interests $ 140,870 $ 4,888 Guaranteed LIHTC Fund (2) 63,415 2,556 Restricted Stock Trust Fund 9,949 9,949 Total $ 214,234 $ 17,393 (1) Aggregate assets and aggregate liabilities differ from the consolidated carrying value of assets and liabilities due to the elimination of intercompany assets and liabilities held by the consolidated VIE. (2) In connection with one of the multi-investor tax credit funds in which RJTCF is the managing member, RJTCF has provided one investor member with a guaranteed return on their investment in the fund (the “Guaranteed LIHTC Fund”). See Note 15 for additional information regarding this commitment. The following table presents information about the carrying value of the assets, liabilities and equity of the VIEs which we consolidate and which are included within our Condensed Consolidated Statements of Financial Condition. The noncontrolling interests presented in this table represent the portion of these net assets which are not ours. December 31, 2016 September 30, 2016 (in thousands) Assets: Cash and cash equivalents $ 5,827 $ 8,302 Assets segregated pursuant to regulations and other segregated assets 2,436 2,412 Receivables, other 1,638 28,463 Other investments 104,730 103,632 Investments in real estate partnerships held by consolidated variable interest entities 65,306 61,004 Trust fund investment in RJF common stock (1) 14,954 9,948 Prepaid expenses and other assets 6 — Total assets $ 194,897 $ 213,761 Liabilities and equity: Trade and other payables $ 7,609 $ 3,617 Intercompany payables 18,237 15,703 Total liabilities 25,846 19,320 RJF equity 41,219 40,729 Noncontrolling interests 127,832 153,712 Total equity 169,051 194,441 Total liabilities and equity $ 194,897 $ 213,761 (1) Included in treasury stock in our Condensed Consolidated Statements of Financial Condition. The following table presents information about the net income (loss) of the VIEs which we consolidate, and is included within our Condensed Consolidated Statements of Income and Comprehensive Income. The noncontrolling interests presented in this table represent the portion of the net income (loss) from these VIEs which are not ours. Three months ended December 31, 2016 2015 (in thousands) Revenues: Interest $ 416 $ 302 Other 2,242 489 Total revenues 2,658 791 Non-interest expenses (1) 2,029 1,275 Net income (loss) including noncontrolling interests 629 (484 ) Net income attributable to noncontrolling interests 139 181 Net income (loss) attributable to RJF $ 490 $ (665 ) (1) Primarily comprised of items reported in other expense on our Condensed Consolidated Statements of Income and Comprehensive Income. Low-income housing tax credit funds RJTCF is the managing member or general partner in over 100 separate low-income housing tax credit funds having one or more investor members or limited partners, nearly all of these funds are determined to be VIEs. RJTCF has concluded that it is not the primary beneficiary of non-guaranteed LIHTC Fund VIEs and, accordingly, does not consolidate these funds. RJTCF consolidates the one Guaranteed LIHTC Fund VIE it sponsors (see Note 15 for further discussion of the guarantee obligation as well as other RJTCF commitments). RJTCF holds an interest in a limited number of LIHTC Funds it determines not to be VIEs, and through the application of the voting interest model, consolidates a number of such LIHTC Funds. VIEs where we hold a variable interest but are not the primary beneficiary Low-income housing tax credit funds RJTCF does not consolidate the LIHTC Fund VIEs that it determines it is not the primary beneficiary of. Our risk of loss is limited to our investments in, advances to, and receivables due from these funds. New market tax credit funds One of our affiliates is the managing member of fewer than ten New Market Tax Credit Funds (“NMTC Funds”), and, as discussed in Note 2 on page 127 of our 2016 Form 10-K, this affiliate is not deemed to be the primary beneficiary of these NMTC Funds. These NMTC Funds are therefore not consolidated. Our risk of loss is limited to our receivables due from these funds. Private Equity Interests VIEs which we are not the primary beneficiary As discussed in Note 2, we have an interest in a number of limited partnerships held as a part of our principal capital and private equity activities. We have determined that such entities are VIEs, however, we have concluded we are not the primary beneficiary of all of the Private Equity Interest VIEs. Accordingly, we do not consolidate certain Private Equity Interests, specifically the ones in which we are not the primary beneficiary. The carrying value of our investment in the Private Equity Interests VIEs we do not consolidate represents our risk of loss related to such unconsolidated VIEs. Aggregate assets, liabilities and risk of loss The aggregate assets, liabilities, and our exposure to loss from those VIEs in which we hold a variable interest, but as to which we have concluded we are not the primary beneficiary, are provided in the table below. December 31, 2016 September 30, 2016 Aggregate assets Aggregate liabilities Our risk of loss Aggregate assets Aggregate liabilities Our risk of loss (in thousands) LIHTC Funds $ 4,394,733 $ 1,446,968 $ 131,134 $ 4,217,812 $ 1,429,085 $ 83,562 NMTC Funds 30,230 77 9 65,338 68 12 Private Equity Interests 15,895,112 136,813 74,336 14,286,950 132,334 70,336 Other 2,459 — 2,459 2,240 — 2,240 Total $ 20,322,534 $ 1,583,858 $ 207,938 $ 18,572,340 $ 1,561,487 $ 156,150

BANK DEPOSITS

BANK DEPOSITS	3 Months Ended
	Dec. 31, 2016
Deposits [Abstract]
BANK DEPOSITS	BANK DEPOSITS Bank deposits include Negotiable Order of Withdrawal (“NOW”) accounts, demand deposits, savings and money market accounts and certificates of deposit of RJ Bank. The following table presents a summary of bank deposits including the weighted-average rate: December 31, 2016 September 30, 2016 Balance Weighted-average rate (1) Balance Weighted-average rate (1) ($ in thousands) Bank deposits: NOW accounts $ 6,090 0.01 % $ 4,958 0.01 % Demand deposits (non-interest-bearing) 3,593 — 7,264 — Savings and money market accounts 14,891,871 0.07 % 13,935,089 0.05 % Certificates of deposit 288,236 1.50 % 315,236 1.55 % Total bank deposits (2) $ 15,189,790 0.10 % $ 14,262,547 0.08 % (1) Weighted-average rate calculation is based on the actual deposit balances at December 31, 2016 and September 30, 2016 , respectively. (2) Bank deposits exclude affiliate deposits of approximately $404 million at December 31, 2016 , and $353 million at September 30, 2016 . These affiliate deposits include $398 million as of December 31, 2016 , and $350 million at September 30, 2016 , held in a deposit account at RJ Bank on behalf of RJF. RJ Bank’s savings and money market accounts in the table above consist primarily of deposits that are cash balances swept from the investment accounts maintained at RJ&A. These balances are held in Federal Deposit Insurance Corporation (“FDIC”) insured bank accounts through the Raymond James Bank Deposit Program (“RJBDP”) administered by RJ&A. The aggregate amount of time deposit account balances that exceed the FDIC insurance limit at December 31, 2016 is $19 million . Scheduled maturities of certificates of deposit are as follows: December 31, 2016 September 30, 2016 Denominations greater than or equal to $100,000 Denominations less than $100,000 Denominations greater than or equal to $100,000 Denominations less than $100,000 (in thousands) Three months or less $ 14,311 $ 9,918 $ 14,252 $ 12,663 Over three through six months 8,474 7,717 14,191 9,750 Over six through twelve months 9,094 6,696 15,452 12,321 Over one through two years 43,209 15,269 32,816 11,060 Over two through three years 42,876 21,706 43,730 22,148 Over three through four years 56,486 28,890 58,425 28,863 Over four through five years 15,220 8,370 26,173 13,392 Total $ 189,670 $ 98,566 $ 205,039 $ 110,197 Interest expense on deposits is summarized as follows: Three months ended December 31, 2016 2015 (in thousands) Certificates of deposit $ 1,135 $ 1,448 Money market, savings and NOW accounts (1) 1,648 571 Total interest expense on deposits $ 2,783 $ 2,019 (1) Excludes interest expense associated with affiliate deposits.

OTHER BORROWINGS

OTHER BORROWINGS	3 Months Ended
	Dec. 31, 2016
Other Borrowings [Abstract]
OTHER BORROWINGS	OTHER BORROWINGS The following table details the components of other borrowings: December 31, 2016 September 30, 2016 (in thousands) Other borrowings: FHLB advances $ 675,000 (1) $ 575,000 (2) Borrowings on secured lines of credit (3) 208,400 — Mortgage notes payable (4) 32,271 33,391 Borrowings on ClariVest revolving credit facility (5) 250 267 Borrowings on unsecured lines of credit (6) (7) — — Total other borrowings $ 915,921 $ 608,658 (1) Borrowings from the FHLB as of December 31, 2016 are comprised of both floating and fixed-rate advances. As of December 31, 2016 the floating-rate FHLB advances have interest rates which reset quarterly and total $650 million with $100 million maturing in June 2018 and $550 million maturing in September 2018 . We use interest rate swaps to manage the risk of increases in interest rates associated with these floating-rate advances by converting all of these balances subject to variable interest rates to a fixed interest rate. Refer to Note 12 for information regarding these interest rate swaps which are accounted for as hedging instruments. The fixed-rate FHLB advance, in the amount of $25 million , matures in October 2020 and bears interest at a rate of 3.4% . All of the FHLB advances are secured by a blanket lien granted to the FHLB on RJ Bank’s residential mortgage loan portfolio. The weighted average interest rate on these advances as of December 31, 2016 is 1.1% . (2) Borrowings from the FHLB as of September 30, 2016 are comprised of floating-rate advances which have rates that reset quarterly and total $550 million maturing in September 2018 , and a fixed-rate advance in the amount of $25 million , which matures in October 2020 and bears interest at a rate of 3.4% . (3) Borrowings on secured lines of credit are day-to-day and are generally utilized to finance certain fixed income securities. (4) Mortgage notes payable pertain to mortgage loans on our corporate headquarters offices located in St. Petersburg, Florida. These mortgage loans are secured by land, buildings, and improvements with a net book value of $44 million at December 31, 2016 . These mortgage loans bear interest at 5.7% with repayment terms of monthly interest and principal debt service and have a January 2023 maturity. (5) ClariVest Asset Management, LLC (“ClariVest”), a subsidiary of Eagle, is a party to a revolving line of credit provided by a third party lender (the “ClariVest Facility”). The maximum amount available to borrow under the ClariVest Facility is $500 thousand , bearing interest at a variable rate which is 1% over the lenders prime rate. The ClariVest Facility expires in September 2018 . (6) In August 2015, RJF entered into a revolving credit facility agreement in which the lenders are a number of financial institutions (the “RJF Credit Facility”). This committed unsecured borrowing facility provides for maximum borrowings of up to $300 million , at variable rates of interest, with a facility maturity date in August 2020. There are no borrowings outstanding on the RJF Credit Facility as of either December 31, 2016 or September 30, 2016 . (7) Borrowings on unsecured lines of credit, with the exception of the RJF Credit Facility, are day-to-day and are generally utilized for cash management purposes. There were other collateralized financings outstanding in the amount of $203 million and $193 million as of December 31, 2016 and September 30, 2016 , respectively. These other collateralized financings are included in securities sold under agreements to repurchase on the Condensed Consolidated Statements of Financial Condition. These financings are collateralized by non-customer, RJ&A-owned securities. See Note 13 for additional information regarding offsetting asset and liability balances as well as additional information regarding the collateral.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	3 Months Ended
	Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	DERIVATIVE FINANCIAL INSTRUMENTS The significant accounting policies governing our derivative financial instruments, including our methodologies for determining fair value, are described in Note 2 on pages 114 - 115 of our 2016 Form 10-K. Derivatives arising from our fixed income business operations We enter into derivatives contracts as part of our fixed income operations in either over-the-counter market activities, or through “matched book” activities. Each of these activities are described further below. In our over-the-counter market activities, we enter into interest rate swaps and futures contracts either as part of our fixed income business to facilitate client transactions, to hedge a portion of our trading inventory, or to a limited extent for our own account. The majority of these derivative positions are executed in the over-the-counter market either directly with financial institutions or trades cleared through an exchange (together referred to as the “OTC Derivatives Operations”). Cash flows related to the interest rate contracts arising from the OTC Derivative Operations are included as operating activities (the “trading instruments, net” line) on the Condensed Consolidated Statements of Cash Flows. In our “matched book” activities, Raymond James Financial Products, Inc. (“RJFP”), a wholly owned subsidiary, enters into derivative transactions (primarily interest rate swaps) with clients. For every derivative transaction RJFP enters into with a customer, RJFP enters into an offsetting transaction, on terms that mirror the customer transaction, with a credit support provider which is a third party financial institution. Due to this “pass-through” transaction structure, RJFP has completely mitigated the market and credit risk related to these derivative contracts. Therefore, the ultimate credit and market risk resides with the third party financial institution. RJFP only has credit risk related to its uncollected derivative transaction fee revenues. In these activities, we do not use derivative instruments for trading or hedging purposes. As a result of the structure of these transactions, we refer to the derivative contracts we enter into as a result of these operations as our offsetting “matched book” derivative operations (the “Offsetting Matched Book Derivatives Operations”). Any collateral required to be exchanged under the contracts arising from the Offsetting Matched Book Derivatives Operations is administered directly by the client and the third party financial institution. RJFP does not hold any collateral, or administer any collateral transactions, related to these instruments. We record the value of each derivative position arising from the Offsetting Matched Book Derivatives Operations at fair value, as either an asset or offsetting liability, presented as “derivative instruments associated with offsetting matched book positions,” as applicable, on our Condensed Consolidated Statements of Financial Condition. The receivable for uncollected derivative transaction fee revenues of RJFP is $6 million and $7 million at December 31, 2016 and September 30, 2016 , respectively, and is included in other receivables on our Condensed Consolidated Statements of Financial Condition. None of the derivatives described above arising from either our OTC Derivatives Operations or our Offsetting Matched Book Derivatives Operations are designated as fair value or cash flow hedges. Derivatives arising from RJ Bank’s business operations We enter into derivatives contracts as part of RJ Bank’s business operations through its hedging activities, which include forward foreign exchange contracts and interest rate swaps (see Note 2 on pages 114 - 115 of the 2016 Form 10-K for the accounting policies associated with these transactions). Each of these activities is described further below. A Canadian subsidiary of RJ Bank conducts operations directly related to RJ Bank’s Canadian dollar-denominated corporate loan portfolio. U.S. subsidiaries of RJ Bank utilize forward foreign exchange contracts to hedge RJ Bank’s foreign currency exposure due to its non-U.S. dollar net investment. Cash flows related to these derivative contracts are classified within operating activities in the Condensed Consolidated Statements of Cash Flows. The cash flows associated with certain assets held by RJ Bank provide interest income at fixed interest rates. Therefore, the value of these assets, absent any risk mitigation, is subject to fluctuation based upon changes in market rates of interest over time. We have executed certain interest rate swap contracts (the “RJ Bank Interest Hedges”) which swap variable interest payments on certain debt for fixed interest payments. Through the RJ Bank Interest Hedges, we mitigate a portion of the market risk associated with certain fixed interest earning assets held by RJ Bank. Description of the collateral we hold related to derivative contracts Where permitted, we elect to net-by-counterparty certain derivative contracts entered into in our OTC Derivatives Operations. Certain of these contracts contain a legally enforceable master netting arrangement that allows for netting of all derivative transactions with each counterparty and, therefore, the fair value of those derivative contracts are netted by counterparty in the Condensed Consolidated Statements of Financial Condition. The credit support annex related to the interest rate swaps and certain forward foreign exchange contracts allows parties to the master agreement to mitigate their credit risk by requiring the party which is out of the money to post collateral. We accept collateral in the form of cash or other marketable securities. As we elect to net-by-counterparty the fair value of derivative contracts arising from our OTC Derivatives Operations, we also net-by-counterparty any cash collateral exchanged as part of those derivative agreements. Refer to Note 13 for additional information regarding offsetting asset and liability balances. This cash collateral is recorded net-by-counterparty at the related fair value. The cash collateral included in the net fair value of all open derivative asset positions arising from our OTC Derivatives Operations aggregates to a net liability of $5 million as of December 31, 2016 and a net asset of $33 million as of September 30, 2016 . The cash collateral included in the net fair value of all open derivative liability positions from our OTC Derivatives Operations aggregates to a net liability of $3 million at December 31, 2016 and a net asset of $3 million at September 30, 2016 . Our maximum loss exposure under the interest rate swap contracts arising from our OTC Derivatives Operations at December 31, 2016 is $24 million . RJ Bank provides to counterparties for the benefit of its U.S. subsidiaries, a guarantee of payment in the event of the subsidiaries’ default under forward foreign exchange contracts. Due to this RJ Bank guarantee and the short-term nature of these derivatives, RJ Bank’s U.S. subsidiaries are not required to post collateral and do not receive collateral with respect to certain derivative contracts with the respective counterparties. Derivative balances included in our financial statements See the table below for the notional and fair value amounts of both the asset and liability derivatives. December 31, 2016 September 30, 2016 Asset derivatives Balance sheet location Notional amount Fair value (1) Balance sheet location Notional amount Fair value (1) (in thousands) Derivatives designated as hedging instruments: Forward foreign exchange contracts (2) Prepaid expenses and other assets $ — $ — Prepaid expenses and other assets $ 988,200 (3) $ 1,396 Interest rate contracts (4) Prepaid expenses and other assets $ 650,000 $ 14,844 Prepaid expenses and other assets $ — $ — Derivatives not designated as hedging instruments: Interest rate contracts (5) Trading instruments $ 2,622,124 $ 110,363 Trading instruments $ 2,036,233 $ 153,482 Interest rate contracts (5) Trading instruments $ 135,791 (3) $ 4,567 Trading instruments $ 121,715 (3) $ 9,760 Interest rate contracts (6) Derivative instruments associated with offsetting matched book positions $ 1,462,595 $ 299,393 Derivative instruments associated with offsetting matched book positions $ 1,469,295 $ 422,196 Forward foreign exchange contracts (2) Prepaid expenses and other assets $ — $ — Prepaid expenses and other assets $ 411,300 (3) $ 620 Liability derivatives Derivatives designated as hedging instruments: Interest rate contracts (4) Trade and other payables $ — $ — Trade and other payables $ 550,000 $ 26,671 Forward foreign exchange contracts (2) Trade and other payables $ 997,900 (3) $ 5,680 Trade and other payables $ — $ — Derivatives not designated as hedging instruments: Interest rate contracts (5) Trading instruments sold $ 2,482,299 $ 100,691 Trading instruments sold $ 1,997,100 $ 145,296 Interest rate contracts (5) Trading instruments sold $ 150,576 (3) $ 2,733 Trading instruments sold $ 133,108 (3) $ 6,398 Interest rate contracts (6) Derivative instruments associated with offsetting matched book positions $ 1,462,595 $ 299,393 Derivative instruments associated with offsetting matched book positions $ 1,469,295 $ 422,196 Forward foreign exchange contracts (2) Trade and other payables $ 436,300 (3) $ 2,487 Trade and other payables $ — $ — Forward foreign exchange contracts (2) Trade and other payables $ 29,200 (7) $ 285 Trade and other payables $ — $ — DBRSUs (8) Accrued compensation, commissions and benefits $ 24,144 (9) $ 24,144 (10) Accrued compensation, commissions and benefits $ 17,769 $ 17,769 The text of the footnotes in the above table are on the following page. The text of the footnotes to the table on the previous page are as follows: (1) The fair value in this table is presented on a gross basis before netting of cash collateral and before any netting by counterparty according to our legally enforceable master netting arrangements. The fair value in the Condensed Consolidated Statements of Financial Condition is presented net. See Note 13 for additional information regarding offsetting asset and liability balances. (2) These contracts are associated with RJ Bank’s activities to hedge its foreign currency exposure. (3) The notional amount presented is denominated in Canadian currency. (4) These contracts are associated with our RJ Bank Interest Hedges activities. (5) These contracts arise from our OTC Derivatives Operations. (6) These contracts arise from our Offsetting Matched Book Derivatives Operations. (7) The notional amount presented is denominated in Euro currency. (8) This derivative liability arose from our fiscal year 2016 acquisition of Alex. Brown (see Note 3 for information regarding this acquisition), whereby RJ&A assumed certain DBRSU awards. (9) The notional amount for the DBRSU derivative is the number of outstanding (as of the reporting date) DBRSU awards to be settled in DB common shares multiplied by the end of reporting period DB share price, as traded on the New York Stock Exchange. (10) The fair value of the DBRSU derivative includes both the pre-combination and the post-combination share obligation. Gains recognized in AOCI, net of income taxes on derivatives are as follows (see Note 16 for additional information): Three months ended December 31, 2016 2015 (in thousands) Forward foreign exchange contracts $ 11,326 $ 12,237 RJ Bank Interest Hedges 25,738 3,265 Total gains recognized in AOCI, net of taxes $ 37,064 $ 15,502 There was no hedge ineffectiveness and no components of derivative gains or losses were excluded from the assessment of hedge effectiveness for each of the three months ended December 31, 2016 and 2015 . We expect to reclassify an estimated $5 million as additional interest expense out of AOCI and into earnings within the next 12 months . The maximum length of time over which forecasted transactions are or will be hedged is 10 years . The table below sets forth the impact of the derivatives not designated as hedging instruments on the Condensed Consolidated Statements of Income and Comprehensive Income: Location of the impact recognized on derivatives in the Condensed Consolidated Statements of Income and Comprehensive Income Amount recognized during the three months ended December 31, 2016 2015 (in thousands) Derivatives not designated as hedging instruments: Interest rate contracts (1) Net trading profit $ 2,229 $ 408 Interest rate contracts (2) Other (loss) revenues $ (26 ) $ 23 Forward foreign exchange contracts (3) Other revenues $ 7,914 $ 5,558 DBRSUs (4) Compensation, commissions and benefits expense $ 6,725 $ — DBRSUs (5) Acquisition-related expenses $ (350 ) $ — The text of the footnotes in the above table are on the following page. The text of the footnotes to the table on the previous page are as follows: (1) These contracts arise from our OTC Derivatives Operations. (2) These contracts arise from our Offsetting Matched Book Derivatives Operations. (3) These contracts are associated with RJ Bank’s activities to hedge its foreign currency exposure. (4) The derivative arose from our fiscal year 2016 acquisition of Alex. Brown, see the discussion of the circumstances giving rise to this derivative in Note 3 on pages 127 - 129 of our 2016 Form 10-K. The impact of the change in value of the derivative in the current period is a loss , as the DB share price increased. We also hold 900,000 shares of DB as of December 31, 2016 as an economic hedge against this obligation. The increase in value of such DB shares since September 30, 2016 is recorded as a component of compensation, commissions and benefits expense on our Condensed Consolidated Statements of Income and Comprehensive Income, and partially offsets a portion of this loss . (5) Reduction of the DBRSU obligation resulting from forfeitures which occurred during the period. Risks associated with, and our risk mitigation related to, our derivative contracts We are exposed to credit losses in the event of nonperformance by the counterparties to forward foreign exchange derivative agreements, futures contracts and the interest rate contracts associated with our OTC Derivatives Operations that are not cleared through an exchange. Where we are subject to credit exposure, we perform a credit evaluation of counterparties prior to entering into derivative transactions and we monitor their credit standings. Currently, we anticipate that all of the counterparties will be able to fully satisfy their obligations under those agreements. For our OTC Derivatives Operations that are not cleared through an exchange, we may require collateral from counterparties in the form of cash deposits or other marketable securities to support certain of these obligations as established by the credit threshold specified by the agreement and/or as a result of monitoring the credit standing of the counterparties. We are required to maintain cash or marketable security deposits with the exchanges we utilize to clear our OTC Derivatives transactions that are cleared through such exchanges. These deposits are a component of deposits with clearing organizations on our Condensed Consolidated Statements of Financial Condition. We are exposed to interest rate risk related to the interest rate derivative agreements arising from certain of our OTC Derivatives Operations and RJ Bank Interest Hedges. We are also exposed to foreign exchange risk related to our futures contracts and forward foreign exchange derivative agreements. We monitor exposure in our derivative agreements which we have risk daily based on established limits with respect to a number of factors, including interest rate, foreign exchange spot and forward rates, spread, ratio, basis and volatility risks. These exposures are monitored both on a total portfolio basis and separately for each agreement for selected maturity periods. Certain of the derivative instruments arising from our OTC Derivatives Operations and from RJ Bank’s forward foreign exchange contracts contain provisions that require our debt to maintain an investment grade rating from one or more of the major credit rating agencies. If our debt were to fall below investment grade, the counterparties to the derivative instruments could terminate and request immediate payment or demand immediate and ongoing overnight collateralization on our derivative instruments in liability positions. The aggregate fair value of all derivative instruments with such credit-risk-related contingent features that are in a liability position at December 31, 2016 is $7 million , for which we have posted collateral of $1 million in the ordinary course of business. If the credit-risk-related contingent features underlying these agreements were triggered on December 31, 2016 , we would have been required to post an additional $6 million of collateral to our counterparties. Our only exposure to credit risk in the Offsetting Matched Book Derivatives Operations is related to our uncollected derivative transaction fee revenues. We are not exposed to market risk as it relates to these derivative contracts due to the “pass-through” transaction structure previously described.

DISCLOSURE OF OFFSETTING ASSETS

DISCLOSURE OF OFFSETTING ASSETS AND LIABILITIES, COLLATERAL, ENCUMBERED ASSETS, AND REPURCHASE AGREEMENTS	3 Months Ended
	Dec. 31, 2016
Disclosure of Offsetting Assets and Liabilities, Collateral, Encumbered Assets and Repurchase Agreements [Abstract]
DISCLOSURE OF OFFSETTING ASSETS AND LIABILITIES, COLLATERAL, ENCUMBERED ASSETS, AND REPURCHASE AGREEMENTS	DISCLOSURE OF OFFSETTING ASSETS AND LIABILITIES, COLLATERAL, ENCUMBERED ASSETS AND REPURCHASE AGREEMENTS Offsetting assets and liabilities The following table presents information about the financial and derivative instruments that are offset or subject to an enforceable master netting arrangement or other similar agreement as of the dates indicated: Gross amounts not offset in the Statements of Financial Condition Gross amounts of recognized assets (liabilities) Gross amounts offset in the Statements of Financial Condition Net amounts presented in the Statements of Financial Condition Financial instruments Cash (received) paid Net amount (in thousands) As of December 31, 2016: Assets Securities purchased under agreements to resell and other collateralized financings $ 358,493 $ — $ 358,493 $ (358,493 ) (1) $ — $ — Derivatives - interest rate contracts (2) 110,363 (59,010 ) 51,353 (12,687 ) (15,625 ) 23,041 Derivatives - interest rate contracts (3) 4,567 — 4,567 — — 4,567 Derivative instruments associated with offsetting matched book positions 299,393 — 299,393 (299,393 ) (4) — — Derivatives - RJ Bank Interest Hedges (5) 14,844 — 14,844 — — 14,844 Stock borrowed 154,718 — 154,718 (151,060 ) — 3,658 Total assets $ 942,378 $ (59,010 ) $ 883,368 $ (821,633 ) $ (15,625 ) $ 46,110 Liabilities Securities sold under agreements to repurchase $ (203,378 ) $ — $ (203,378 ) $ 203,378 (6) $ — $ — Derivatives - interest rate contracts (2) (100,691 ) 50,358 (50,333 ) 2,858 — (47,475 ) Derivatives - interest rate contracts (3) (2,733 ) — (2,733 ) — — (2,733 ) Derivatives - forward foreign exchange contracts (7) (8,452 ) — (8,452 ) — — (8,452 ) DBRSUs (8) (24,144 ) — (24,144 ) — — (24,144 ) Derivative instruments associated with offsetting matched book positions (299,393 ) — (299,393 ) 299,393 (4) — — Stock loaned (428,600 ) — (428,600 ) 412,803 — (15,797 ) Total liabilities $ (1,067,391 ) $ 50,358 $ (1,017,033 ) $ 918,432 $ — $ (98,601 ) As of September 30, 2016: Assets Securities purchased under agreements to resell and other collateralized financings $ 470,222 $ — $ 470,222 $ (470,222 ) (1) $ — $ — Derivatives - interest rate contracts (2) 153,482 (107,539 ) 45,943 (29,028 ) — 16,915 Derivatives - interest rate contracts (3) 9,760 — 9,760 — — 9,760 Derivatives - forward foreign exchange contracts (7) 2,016 — 2,016 — — 2,016 Derivative instruments associated with offsetting matched book positions 422,196 — 422,196 (422,196 ) (4) — — Stock borrowed 170,860 — 170,860 (167,169 ) — 3,691 Total assets $ 1,228,536 $ (107,539 ) $ 1,120,997 $ (1,088,615 ) $ — $ 32,382 Liabilities Securities sold under agreements to repurchase $ (193,229 ) $ — $ (193,229 ) $ 193,229 (6) $ — $ — Derivatives - interest rate contracts (2) (145,296 ) 142,859 (2,437 ) 2,437 (9) — (9) — Derivatives - interest rate contracts (3) (6,398 ) — (6,398 ) — — (6,398 ) Derivatives - RJ Bank Interest Hedges (26,671 ) — (26,671 ) — 26,671 (10) — DBRSUs (8) (17,769 ) — (17,769 ) — — (17,769 ) Derivative instruments associated with offsetting matched book positions (422,196 ) — (422,196 ) 422,196 (4) — — Stock loaned (677,761 ) — (677,761 ) 664,870 — (12,891 ) Total liabilities $ (1,489,320 ) $ 142,859 $ (1,346,461 ) $ 1,282,732 $ 26,671 $ (37,058 ) The text of the footnotes in the above table are on the following page. The text of the footnotes to the table on the previous page are as follows: (1) We are over-collateralized since the actual amount of financial instruments pledged as collateral for securities purchased under agreements to resell and other collateralized financings amounts to $373 million and $486 million as of December 31, 2016 and September 30, 2016 , respectively. (2) Derivatives - interest rate contracts are included in trading instruments on our Condensed Consolidated Statements of Financial Condition. See Note 12 for additional information. (3) Derivatives - interest rate contracts (in which the notional amount is denominated in Canadian currency) are included in trading instruments on our Condensed Consolidated Statements of Financial Condition. See Note 12 for additional information. (4) Although these derivative arrangements do not meet the definition of a master netting arrangement as specified by GAAP, the nature of the agreement with the third party intermediary include terms that are similar to a master netting agreement, thus we present the offsetting amounts net in this table. See Note 12 for further discussion of the “pass through” structure of the derivative instruments associated with Offsetting Matched Book Derivatives Operations. (5) Derivatives - As of December 31, 2016 , the fair value of the RJ Bank Interest Hedges are in an asset position and are included in prepaid expenses and other assets on our Condensed Consolidated Statements of Financial Condition. See Note 12 for additional information. (6) We are over-collateralized since the actual amount of financial instruments pledged as collateral for securities sold under agreements to repurchase amounts to $210 million and $200 million as of December 31, 2016 and September 30, 2016 , respectively. (7) These contracts are associated with RJ Bank’s activities to hedge its foreign currency exposure. As of December 31, 2016 , the fair values of the forward foreign exchange contract derivatives are in a liability position and are included in trade and other payables on our Condensed Consolidated Statements of Financial Condition. As of September 30, 2016 , the fair value of the forward foreign exchange contract derivatives are in an asset position and are included in prepaid expenses and other assets on our Condensed Consolidated Statements of Financial Condition. See Note 12 for additional information. (8) The derivative arose from our fiscal year 2016 acquisition of Alex. Brown, see the discussion of the circumstances giving rise to this derivative in Note 3 on pages 127 - 129 of our 2016 Form 10-K. As of December 31, 2016 , we hold 900,000 shares of DB with a fair value of $16 million as an economic hedge against the DBRSU obligation. As of September 30, 2016 , such holdings amounted to 900,000 shares of DB with a fair value of $12 million . See additional discussion of the DBRSUs in Note 18 . (9) For the portion of these derivative contracts that are transacted through an exchange, the nature of the agreement with the clearing member exchange include terms that are similar to a master netting agreement, thus we are over-collateralized as of September 30, 2016 since the actual amount of cash and securities deposited with the exchange for these derivative contracts is $8 million . These deposits are a component of deposits with clearing organizations on our Condensed Consolidated Statements of Financial Condition. See Note 12 for additional information. (10) Derivatives - As of September 30, 2016 , the fair value of the RJ Bank Interest Hedges are in a liability position and are included in trade and other payables on our Condensed Consolidated Statements of Financial Condition. See Note 12 for additional information. The RJ Bank Interest Hedges are transacted through an exchange. The nature of the agreement with the clearing member exchange includes terms that are similar to a master netting agreement. As of September 30, 2016 , we are over-collateralized on the RJ Bank Interest Hedges since the actual amount of cash and securities deposited with the exchange for these derivative contracts is $42 million . These deposits are included in deposits with clearing organizations on our Condensed Consolidated Statements of Financial Condition. For financial statement purposes, we do not offset our repurchase agreements or securities borrowing, securities lending transactions and certain of our derivative instruments including those transacted through an exchange because the conditions for netting as specified by GAAP are not met. Our repurchase agreements, securities borrowing and securities lending transactions, and certain of our derivative instruments transacted through an exchange, are governed by master agreements that are widely used by counterparties and that may allow for net settlements of payments in the normal course as well as offsetting of all contracts with a given counterparty in the event of bankruptcy or default of one of the two parties to the transaction. Although not offset on the Condensed Consolidated Statements of Financial Condition, these transactions are included in the preceding table. Collateral and deposits with clearing organizations We receive cash and securities as collateral, primarily in connection with Reverse Repurchase Agreements, securities borrowed, derivative transactions not transacted through an exchange, and client margin loans arising from our domestic operations. The cash collateral we receive is primarily associated with our OTC Derivative Operations (see Note 12 for additional information). The collateral we receive reduces our credit exposure to individual counterparties. We also pay cash to exchanges, or receive cash from exchanges, related to derivative contracts transacted through an exchange. We account for such cash as a component of deposits with clearing organizations when such balances are in an asset position, or trade and other payables when such balances are in a liability position, on our Condensed Consolidated Statements of Financial Condition. In many cases, we are permitted to deliver or repledge financial instruments we have received as collateral, for our own use in our repurchase agreements, securities lending agreements, other secured borrowings, satisfaction of deposit requirements with clearing organizations, or otherwise meeting either our, or our clients, settlement requirements. The table below presents financial instruments at fair value, that we received as collateral, are not included on our Condensed Consolidated Statements of Financial Condition, and that were available to be delivered or repledged, along with the balances of such instruments that were used to deliver or repledge, to satisfy one of our purposes described above: December 31, 2016 September 30, 2016 (in thousands) Collateral we received that is available to be delivered or repledged $ 2,834,781 $ 2,925,335 Collateral that we delivered or repledged $ 1,153,579 (1) $ 1,536,393 (2) (1) The collateral delivered or repledged as of December 31, 2016 , includes client margin securities which we pledged with a clearing organization in the amount of $370 million which were applied against our requirement of $220 million . (2) The collateral delivered or repledged as of September 30, 2016 , includes client margin securities which we pledged with a clearing organization in the amount of $389 million which were applied against our requirement of $203 million . Encumbered assets We pledge certain of our trading instrument assets to collateralize either Repurchase Agreements, other secured borrowings, or to satisfy our settlement requirements, with counterparties who may or may not have the right to deliver or repledge such securities. The table below presents information about the fair value of our assets that have been pledged for one of the purposes described above: December 31, 2016 September 30, 2016 (in thousands) Financial instruments owned, at fair value, pledged to counterparties that: Had the right to deliver or repledge $ 394,240 $ 587,369 Did not have the right to deliver or repledge $ 81,632 (1) $ 25,200 (2) (1) Assets delivered or repledged as of December 31, 2016 , includes securities which we pledged with a clearing organization in the amount of $44 million which were applied against our requirement of $220 million (client margin securities we pledged which are described in the preceding table constitute the remainder of the assets pledged to meet the requirement). (2) Assets delivered or repledged as of September 30, 2016 , includes securities which we pledged with a clearing organization in the amount of $19 million which were applied against our requirement of $203 million (client margin securities we pledged which are described in the preceding table constitute the remainder of the assets pledged to meet the requirement). Repurchase agreements, repurchase-to-maturity transactions and securities lending transactions accounted for as secured borrowings We enter into repurchase agreements where we sell securities under agreements to repurchase (“Repurchase Agreements”) and also engage in securities lending transactions. These activities are accounted for as collateralized financings. Our Repurchase Agreements would include “repurchase-to-maturity” agreements, which are repurchase agreements where a security is transferred under an agreement to repurchase and the maturity date of the repurchase agreement matches the maturity date of the underlying security, if any, that we are a party to as of period-end. As of both December 31, 2016 and September 30, 2016 , we did not have any “repurchase-to-maturity” agreements. See Note 2 on pages 110 and 117, respectively, of our 2016 Form 10-K for a discussion of our respective Repurchase Agreement and securities borrowed and securities loaned accounting policies. The following table presents the remaining contractual maturity of securities under agreements to repurchase and securities lending transactions accounted for as secured borrowings: Overnight and continuous Up to 30 days 30-90 days Greater than 90 days Total (in thousands) As of December 31, 2016: Repurchase agreements Government and agency obligations $ 95,783 $ — $ — $ — $ 95,783 Agency MBS and CMOs 107,595 — — — 107,595 Total Repurchase Agreements 203,378 — — — 203,378 Securities lending Equity securities 428,600 — — — 428,600 Total $ 631,978 $ — $ — $ — $ 631,978 Gross amounts of recognized liabilities for repurchase agreements and securities lending transactions included in the Offsetting Assets and Liabilities table included within this footnote $ 631,978 Amounts related to repurchase agreements and securities lending transactions not included in the Offsetting Assets and Liabilities table included within this footnote $ — As of September 30, 2016: Repurchase agreements Government and agency obligations $ 92,804 $ 6,252 $ — $ — $ 99,056 Agency MBS and CMOs 92,422 1,751 — — 94,173 Total Repurchase Agreements 185,226 8,003 — — 193,229 Securities lending Equity securities 677,761 — — — 677,761 Total $ 862,987 $ 8,003 $ — $ — $ 870,990 Gross amounts of recognized liabilities for repurchase agreements and securities lending transactions included in the Offsetting Assets and Liabilities table included within this footnote $ 870,990 Amounts related to repurchase agreements and securities lending transactions not included in the Offsetting Assets and Liabilities table included within this footnote $ — We enter into Repurchase Agreements and conduct securities lending activities as components of the financing of certain of our operating activities. In the event the market value of the securities we pledge as collateral in these activities declines, we may have to post additional collateral or reduce the borrowing amounts. We monitor such levels daily.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES For discussion of income tax accounting policies and other income tax related information, see Note 2 on pages 124 - 125, and Note 20 on pages 176 - 179, of our 2016 Form 10-K. Effective October 1, 2016, we adopted new accounting guidance related to stock compensation. The amended guidance involves several aspects of the accounting for share-based payment transactions, including the income tax consequences. Generally, the amount of compensation cost recognized for financial reporting purposes varies from the amount that can ultimately be deducted on the tax return for share-based payment awards. Under the prior guidance, the tax effects of deductions in excess of compensation expense (“windfalls”), as well as the tax effect of any deficiencies (“shortfalls”) were recorded in equity to the extent of previously recognized windfalls, with any remaining shortfall recorded in income tax expense. Under the new guidance, all tax effects related to share-based payments are recorded through tax expense in the periods during which the awards are exercised or vest, as applicable. While this simplification eliminates administrative complexities that existed under the prior guidance, it increases the volatility of income tax expense. For the three months ended December 31, 2016 , our effective income tax rate is 29.0% , which is lower than the 33.9% effective tax rate for fiscal year 2016. The primary factor for the decrease in the current period effective tax rate compared to the fiscal year 2016 effective tax rate results from the favorable impact of the adoption of the new share-based payment accounting guidance described in the preceding paragraph, which had a favorable impact of 9% on our effective rate. To a much lesser extent, other factors, such as valuation gains associated with our company-owned life insurance which are not subject to tax, and tax-exempt interest, also favorably impact our effective tax rate in the current period. The fiscal year 2016 effective tax rate was favorably impacted by a number of factors or events which have not recurred in the current period. We anticipate that the uncertain tax position liability balance may decrease by $2 million over the next twelve months as a result of the resolution of additional state tax audits.

COMMITMENTS, CONTINGENCIES AND

COMMITMENTS, CONTINGENCIES AND GUARANTEES	3 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS, CONTINGENCIES AND GUARANTEES	COMMITMENTS, CONTINGENCIES AND GUARANTEES Commitments and contingencies In the normal course of business we enter into commitments for either fixed income or equity underwritings. As of December 31, 2016 , RJ&A had no open underwriting commitments. As of December 31, 2016 , RJ Ltd. had five equity underwriting commitments, all of which are recorded in our Condensed Consolidated Statements of Financial Condition as of December 31, 2016 , and which aggregate to approximately $6 million in Canadian currency (“CDN”). As part of our recruiting efforts, we offer loans to prospective financial advisors and certain key revenue producers, primarily for recruiting, transitional cost assistance, and retention purposes (see Note 2 on pages 116 - 117 of our 2016 Form 10-K for a discussion of our accounting policies governing these transactions). These commitments are contingent upon certain events occurring including, but not limited to, the individual joining us. As of December 31, 2016 , we had made commitments through the extension of formal offers totaling $104 million that had not yet been funded, however, it is possible that not all of our offers will be accepted and therefore we would not fund the total amount of the offers extended. As of December 31, 2016 , $70 million of the total amount extended are unfunded commitments to prospects that had accepted our offer, or recently hired producers. As of December 31, 2016 , RJ Bank had not settled purchases of $79 million in syndicated loans. These loan purchases are expected to be settled within 90 days . A subsidiary of RJ Bank has committed $62 million as an investor member in a low-income housing tax credit fund in which a subsidiary of RJTCF is the managing member (see the discussion of “direct investments in LIHTC project partnerships” in Note 2 on page 126 of our 2016 Form 10-K for information regarding the accounting policies governing these investments). As of December 31, 2016 , the RJ Bank subsidiary has invested $58 million of the committed amount. See Note 20 for additional information regarding RJ Bank’s commitments to extend credit and other credit-related off-balance sheet financial instruments, such as standby letters of credit and loan purchases. We have unfunded commitments to various venture capital or private equity partnerships, which aggregate to approximately $39 million as of December 31, 2016 . Of the total, we have unfunded commitments to internally-sponsored private equity limited partnerships in which we control the general partner of approximately $18 million . As part of the terms governing our fiscal year 2015 acquisition of The Producers Choice LLC (“TPC”) (see Note 3 on page 129 of our 2016 Form 10-K, for additional information regarding this acquisition), on certain dates specified in the TPC purchase agreement, there are a number of “earn-out” computations to be performed. The result of these computations could result in additional cash paid to the sellers of TPC in the future. These elements of contingent consideration will be finally determined in the future based upon the outcome of either specific performance of defined tasks, or the achievement of specified revenue growth hurdles, over a measurement period ranging from 18 months to 3 years after the TPC closing date. Our initial estimate of the fair value of these elements of contingent consideration as of the TPC closing date was included in our determination of the goodwill arising from this acquisition. As of December 31, 2016 , we computed an estimate of the fair value of this contingent consideration based upon the latest information available to us, and the excess of this fair value determination over the initial estimate is included in other expense on our Condensed Consolidated Statements of Income and Comprehensive Income. As a part of the terms governing the fiscal year 2016 Mummert acquisition (see Note 3 for additional information), on certain dates specified in the Mummert purchase agreement, there are earn-out computations to be performed or contingent consideration provisions that may apply. These elements of contingent consideration will be finally determined in the future based upon the achievement of specified revenue amounts and the continued employment of specified associates. Since the ultimate payment of these elements of contingent consideration are conditioned upon continued employment as of the measurement dates which are three and five years from the Mummert acquisition date, these obligations are being recognized as a component of our compensation expense over such periods. All of the elements of contingent consideration arising from the fiscal year 2016 Alex. Brown and 3Macs acquisitions, in both cases, could only result in a return of a portion of our purchase price paid at closing. In addition, the terms of both of these acquisitions also included a post-closing date review process to potentially adjust the cash consideration paid to the respective sellers at closing, based upon the actual values of certain net assets delivered to the purchaser as of the closing date. As of December 31, 2016 , all of these determinations have yet to be finalized. RJF has committed an amount of up to $225 million , subject to certain limitations and to annual review and renewal by the RJF Board of Directors, to either lend to RJTCF or to guarantee RJTCF’s obligations, in connection with RJTCF’s low-income housing development/rehabilitation and syndication activities. At December 31, 2016 , RJTCF has $148 million outstanding against this commitment. RJTCF may borrow from RJF in order to make investments in, or fund loans or advances to, either partnerships that purchase and develop properties qualifying for tax credits (“Project Partnerships”) or LIHTC Funds. Investments in Project Partnerships are sold to various LIHTC Funds, which have third party investors, and for which RJTCF serves as the managing member or general partner. RJTCF typically sells investments in Project Partnerships to LIHTC Funds within 90 days of their acquisition, and the proceeds from the sales are used to repay RJTCF’s borrowings from RJF. RJTCF may also make short-term loans or advances to Project Partnerships, and LIHTC Funds. As a part of our fixed income public finance operations, RJ&A enters into forward commitments to purchase GNMA or FNMA MBS (see the discussion of these activities within “financial instruments owned, financial instruments sold but not purchased and fair value” in Note 2 on page 112 of our 2016 Form 10-K). At December 31, 2016 , RJ&A had approximately $751 million principal amount of outstanding forward MBS purchase commitments which are expected to be purchased over the following 90 days . In order to hedge the market interest rate risk to which RJ&A would otherwise be exposed between the date of the commitment and the date of sale of the MBS, RJ&A enters into to be announced (“TBA”) security contracts with investors for generic MBS securities at specific rates and prices to be delivered on settlement dates in the future. These TBA securities are accounted for at fair value and are included in Agency MBS securities in the table of assets and liabilities measured at fair value included in Note 5 , and at December 31, 2016 aggregate to a net asset having a fair value of $6 million . The estimated fair value of the purchase commitment is a $2 million liability balance as of December 31, 2016 . As a result of extensive regulation of financial holding companies, banks, broker-dealers and investment advisory entities, RJF and certain of its subsidiaries are subject to regular reviews and inspections by regulatory authorities and self-regulatory organizations. The reviews can result in the imposition of sanctions for regulatory violations, ranging from non-monetary censure to fines and, in serious cases, temporary or permanent suspension from conducting business, or limitations on certain business activities. In addition, regulatory agencies and self-regulatory organizations institute investigations from time to time into industry practices, which can also result in the imposition of such sanctions. Refer to the “legal and regulatory matter contingencies” discussion within this footnote for information about related loss contingency reserves. See Note 19 for additional information regarding regulatory capital requirements applicable to RJF and certain of its subsidiaries. Guarantees RJ Bank provides to an affiliate, RJ Capital Services, Inc. (“RJ Cap Services”), on behalf of certain corporate borrowers, a guarantee of payment in the event of the borrower’s default for exposure under interest rate swaps entered into with RJ Cap Services. At December 31, 2016 , the exposure under these guarantees is $6 million , which was underwritten as part of RJ Bank’s corporate credit relationship with such borrowers. The outstanding interest rate swaps at December 31, 2016 have maturities ranging from July 2017 through June 2039 . RJ Bank records an estimated reserve for its credit risk associated with the guarantee of these client swaps, which was insignificant as of December 31, 2016 . The estimated total potential exposure under these guarantees is $43 million at December 31, 2016 . RJ Bank guarantees the forward foreign exchange contract obligations of its U.S. subsidiaries. See Note 12 for additional information regarding these derivatives. RJF guarantees interest rate swap obligations of RJ Cap Services. See Note 12 for additional information regarding interest rate swaps. RJF guarantees the existing mortgage debt of RJ&A of approximately $32 million , see Note 11 for information regarding this borrowing. Our U.S. broker-dealer subsidiaries are required by federal law to be members of the Securities Investors Protection Corporation (“SIPC”). The SIPC fund provides protection for securities held in client accounts up to $500 thousand per client, with a limitation of $250 thousand on claims for cash balances. We have purchased excess SIPC coverage through various syndicates of Lloyd’s (the “Excess SIPC Insurer”). For RJ&A, our clearing broker-dealer, the additional protection currently provided has an aggregate firm limit of $750 million for cash and securities, including a sub-limit of $1.9 million per client for cash above basic SIPC. Account protection applies when a SIPC member fails financially and is unable to meet obligations to clients. This coverage does not protect against market fluctuations. RJF has provided an indemnity to the Excess SIPC Insurer against any and all losses they may incur associated with the excess SIPC policies. RJTCF issues certain guarantees to various third parties related to Project Partnerships whose interests have been sold to one or more of the funds in which RJTCF is the managing member or general partner. In some instances, RJTCF is not the primary guarantor of these obligations, which aggregate to approximately $2 million as of December 31, 2016 . RJTCF has provided a guaranteed return on investment to a third party investor in one of its fund offerings (“Fund 34”), and RJF has guaranteed RJTCF’s performance under the arrangement. Under the terms of the performance guarantee, should the underlying LIHTC project partnerships held by Fund 34 fail to deliver a certain amount of tax credits and other tax benefits to this investor over the next five years , RJTCF is obligated to pay the investor an amount that results in the investor achieving a minimum specified return on their investment. A $21 million financing asset is included in prepaid expenses and other assets, and a related $21 million liability is included in trade and other payables on our Condensed Consolidated Statements of Financial Condition as of December 31, 2016 related to this obligation. The maximum exposure to loss under this guarantee is approximately $23 million at December 31, 2016 , which represents the undiscounted future payments due the investor. Legal and regulatory matter contingencies In addition to the matters specifically described below, in the normal course of our business, we have been named, from time to time, as a defendant in various legal actions, including arbitrations, class actions and other litigation, arising in connection with our activities as a diversified financial services institution. We are also subject, from time to time, to other reviews, investigations and proceedings (both formal and informal) by governmental and self-regulatory agencies regarding our business. Such proceedings may involve, among other things, our sales and trading activities, financial products or offerings we sponsored, underwrote or sold, and operational matters. Some of these proceedings have resulted, and may in the future result, in adverse judgments, settlements, fines, penalties, injunctions or other relief and/or require us to undertake remedial actions. We cannot predict if, how or when such proceedings or investigations will be resolved or what the eventual settlement, fine, penalty or other relief, if any, may be. A large number of factors may contribute to this inherent unpredictability: the proceeding is in its early stages; the damages sought are unspecified, unsupported or uncertain; it is unclear whether a case brought as a class action will be allowed to proceed on that basis; the other party is seeking relief other than or in addition to compensatory damages (including, in the case of regulatory and governmental proceedings, potential fines and penalties); the matters present significant legal uncertainties; we have not engaged in settlement discussions; discovery is not complete; there are significant facts in dispute; and numerous parties are named as defendants (including where it is uncertain how liability might be shared among defendants). We contest liability and/or the amount of damages as appropriate in each pending matter. Over the last several years, the level of litigation and investigatory activity (both formal and informal) by government and self-regulatory agencies has increased significantly in the financial services industry. While we have identified below certain proceedings that we believe could be material, individually or collectively, there can be no assurance that material losses will not be incurred from claims that have not yet been asserted or are not yet determined to be material. We include in some of the descriptions of individual matters below certain quantitative information about the plaintiff’s claim against us as alleged in the plaintiff’s pleadings or other public filings. Although this information may provide insight into the potential magnitude of a matter, it does not represent our estimate of reasonably possible loss or our judgment as to any currently appropriate accrual related thereto. Subject to the foregoing, we believe, after consultation with counsel and consideration of the accrued liability amounts included in the accompanying condensed consolidated financial statements, that the outcome of such litigation and regulatory proceedings will not have a material adverse effect on our consolidated financial condition. However, the outcome of such litigation and proceedings could be material to our operating results and cash flows for a particular future period, depending on, among other things, our revenues or income for such period. With respect to matters described herein for which management has been able to estimate a range of reasonably possible loss (and excluding amounts subject to the below-described indemnification from Regions), as of December 31, 2016 , we estimate the upper end of the range of reasonably possible aggregate loss to be approximately $55 million in excess of the aggregate reserves for such matters. Refer to Note 2 on page 123 of our 2016 Form 10-K for a discussion of our criteria for recognizing liabilities for contingencies. We and one of our financial advisors are named defendants in various lawsuits related to an alleged fraudulent scheme conducted by Ariel Quiros (“Quiros”) and William Stenger (“Stenger”) involving the misuse of EB-5 investor funds in connection with the Jay Peak ski resort in Vermont (“Jay Peak”) and associated limited partnerships. Plaintiffs in the lawsuits allege that Quiros misused $200 million of the amounts raised by the limited partnerships and misappropriated $50 million for his personal benefit. There are six civil court actions pending in which we or one of our subsidiaries are named. The plaintiffs variously demand, among other things, compensatory damages, treble damages under the Racketeer Influenced and Corrupt Organizations Act (“RICO”) and punitive damages. Morgan Keegan Litigation Indemnification from Regions Under the agreement with Regions Financial Corporation (“Regions”) governing our 2012 acquisition of Morgan Keegan & Company, Inc., and MK Holding, Inc. and certain of its affiliates (collectively referred to as “Morgan Keegan”), Regions is obligated to indemnify RJF for losses we may incur in connection with any Morgan Keegan legal proceedings pending as of the closing date for that transaction (which was April 2, 2012), or commenced after the closing date but related to pre-closing matters that are received prior to April 2, 2015. The Morgan Keegan matter described below is subject to such indemnification provisions. As of December 31, 2016 , management estimates the range of potential liability of all Morgan Keegan matters subject to indemnification, including the cost of defense, to be from $14 million to $48 million . Any loss arising from such matters, after application of any contractual thresholds and other reductions, as set forth in the agreement, will be borne by Regions. As of December 31, 2016 our Condensed Consolidated Statements of Financial Condition include an indemnification asset of approximately $34 million which is included in other assets, and a liability for potential losses of approximately $34 million which is included within trade and other payables, pertaining to the Morgan Keegan matters subject to indemnification. The amount included within trade and other payables is the amount within the range of potential liability related to such matters which management estimates is more likely than any other amount within such range. Morgan Keegan matter (subject to indemnification) In July 2006, Morgan Keegan & Company, Inc., a Morgan Keegan affiliate, and one of its former analysts were named as defendants in a lawsuit filed by Fairfax Financial Holdings and affiliates in the Circuit Court of Morris County, New Jersey. Plaintiffs made claims under a civil RICO statute, for commercial disparagement, tortious interference with contractual relationships, tortious interference with prospective economic advantage and common law conspiracy. Plaintiffs alleged that defendants engaged in a multi-year conspiracy to publish and disseminate false and defamatory information about plaintiffs in order to improperly drive down plaintiff’s stock price, so that others could profit from short positions. Plaintiffs alleged that the defendants’ actions damaged their reputations and harmed their business relationships. Plaintiffs alleged various categories of damages, including lost insurance business, lost financings and increased financing costs, increased audit fees and directors and officers insurance premiums and lost acquisitions, and have requested monetary damages. On May 11, 2012, the trial court ruled that New York law applied to plaintiff’s RICO claims, and that the claims were therefore not subject to treble damages. On June 27, 2012, the trial court dismissed plaintiffs’ tortious interference with prospective relations claim, but allowed the other claims to go forward. Prior to commencement of a jury trial, the court dismissed the remaining claims with prejudice. A hearing on plaintiffs’ appeal of the court’s rulings was held on October 17, 2016.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	3 Months Ended
	Dec. 31, 2016
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Other comprehensive income (loss) The activity in other comprehensive income (loss), net of the respective tax effect, is as follows: Three months ended December 31, 2016 2015 (in thousands) Unrealized loss on available for sale securities (net of tax) $ (4,146 ) $ (6,791 ) Unrealized gain (loss) on currency translations, net of the impact of net investment hedges (net of tax) 1,001 (6,615 ) Unrealized gain on cash flow hedges (net of tax) 25,738 3,265 Net other comprehensive income (loss) $ 22,593 $ (10,141 ) Accumulated other comprehensive income (loss) The following table presents the changes, and the related tax effects, of each component of accumulated other comprehensive income (loss) for the three months ended December 31, 2016 and 2015 (in thousands): Net investment hedges (1) Currency translations Sub-total: net investment hedges and currency translations Available for sale securities Cash flow hedges (2) Total Three months ended December 31, 2016 Accumulated other comprehensive income (loss) as of the beginning of the period $ 86,482 $ (121,576 ) $ (35,094 ) $ (4,156 ) $ (16,483 ) $ (55,733 ) Other comprehensive income (loss) before reclassifications and taxes 18,098 (17,756 ) 342 (6,858 ) 39,941 33,425 Amounts reclassified from accumulated other comprehensive income (loss), before tax — 6,537 6,537 (12 ) 1,572 8,097 Pre-tax net other comprehensive income (loss) 18,098 (11,219 ) 6,879 (6,870 ) 41,513 41,522 Income tax effect (6,772 ) 894 (5,878 ) 2,724 (15,775 ) (18,929 ) Net other comprehensive income (loss) for the period, net of tax 11,326 (10,325 ) 1,001 (4,146 ) 25,738 22,593 Accumulated other comprehensive income (loss) as of December 31, 2016 $ 97,808 $ (131,901 ) $ (34,093 ) $ (8,302 ) $ 9,255 $ (33,140 ) Three months ended December 31, 2015 Accumulated other comprehensive income (loss) as of the beginning of the period $ 93,203 $ (130,476 ) $ (37,273 ) $ 1,420 $ (4,650 ) $ (40,503 ) Other comprehensive income (loss) before reclassifications and taxes 19,556 (19,877 ) (321 ) (10,852 ) 3,858 (7,315 ) Amounts reclassified from accumulated other comprehensive income (loss), before tax — — — — 1,408 1,408 Pre-tax net other comprehensive income (loss) 19,556 (19,877 ) (321 ) (10,852 ) 5,266 (5,907 ) Income tax effect (7,319 ) 1,025 (6,294 ) 4,061 (2,001 ) (4,234 ) Net other comprehensive income (loss) for the period, net of tax 12,237 (18,852 ) (6,615 ) (6,791 ) 3,265 (10,141 ) Accumulated other comprehensive income (loss) as of December 31, 2015 $ 105,440 $ (149,328 ) $ (43,888 ) $ (5,371 ) $ (1,385 ) $ (50,644 ) (1) Comprised of forward foreign exchange derivatives associated with hedges of RJ Bank’s foreign currency exposure due to its non-U.S. dollar net investments (see Note 12 for additional information on these derivatives). (2) Represents RJ Bank Interest Hedges (see Note 12 for additional information on these derivatives). Reclassifications out of accumulated other comprehensive income (loss) The following table presents the income statement line items impacted by reclassifications out of accumulated other comprehensive income (loss), and the related tax effects, for the three months ended December 31, 2016 and 2015 : Accumulated other comprehensive income (loss) components: Increase (decrease) in amounts reclassified from accumulated other comprehensive income (loss) Affected line items in income statement (in thousands) Three months ended December 31, 2016 RJ Bank available for sale securities $ (12 ) Other revenue RJ Bank Interest Hedges (1) 1,572 Interest expense Currency translations (2) 6,537 Other expense 8,097 Total before tax Income tax effect (3,076 ) Provision for income taxes Total reclassifications for the period $ 5,021 Net of tax Three months ended December 31, 2015 RJ Bank Interest Hedges (1) $ 1,408 Interest expense 1,408 Total before tax Income tax effect (535 ) Provision for income taxes Total reclassifications for the period $ 873 Net of tax (1) See Note 12 for additional information regarding the RJ Bank Interest Hedges, and Note 5 for additional fair value information regarding these derivatives. (2) During the period, we sold our interests in a number of Latin American joint ventures which had operations in Uruguay and Argentina. As a component of our computation of the gain or loss resulting from such sales, we recognized the sold entities’ cumulative currency translation balances which, prior to such reclassification, had been a component of the accumulated other comprehensive loss. All of the components of other comprehensive income (loss) described above, net of tax, are attributable to RJF.

INTEREST INCOME AND INTEREST EX

INTEREST INCOME AND INTEREST EXPENSE	3 Months Ended
	Dec. 31, 2016
Interest Income (Expense), Net [Abstract]
INTEREST INCOME AND INTEREST EXPENSE	INTEREST INCOME AND INTEREST EXPENSE The components of interest income and interest expense are as follows: Three months ended December 31, 2016 2015 (in thousands) Interest income: Margin balances $ 19,981 $ 17,434 Assets segregated pursuant to regulations and other segregated assets 8,129 3,972 Bank loans, net of unearned income 135,525 107,601 Available for sale securities 3,400 1,651 Trading instruments 5,006 4,281 Stock loan 2,732 1,915 Loans to financial advisors 3,308 1,899 Corporate cash and all other 4,701 3,719 Total interest income $ 182,782 $ 142,472 Interest expense: Brokerage client liabilities $ 676 $ 227 Retail bank deposits (1) 2,783 2,019 Trading instruments sold but not yet purchased 1,328 1,191 Stock borrow 1,228 623 Borrowed funds 3,719 2,765 Senior notes 24,699 19,091 Other 1,533 783 Total interest expense 35,966 26,699 Net interest income 146,816 115,773 Add (subtract): benefit (provision) for loan losses 1,040 (13,910 ) Net interest income after benefit (provision) for loan losses $ 147,856 $ 101,863 (1) Excludes interest expense associated with affiliate deposits.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	3 Months Ended
	Dec. 31, 2016
Share-based Compensation [Abstract]
SHARE-BASED COMPENSATION	SHARE-BASED COMPENSATION We maintain one share-based compensation plan for our employees, Board of Directors and non-employees (comprised of independent contractor financial advisors). The Amended and Restated 2012 Stock Incentive Plan (the “2012 Plan”) permits us to grant share-based and cash-based awards designed to be exempt from the limitation on deductible compensation under Section 162(m) of the Internal Revenue Code. Our share-based compensation accounting policies are described in Note 2 on pages 123 - 124 of our 2016 Form 10-K. Other information relating to our share-based awards are presented in Note 24 on pages 186 – 191 of our 2016 Form 10-K. Stock option awards Expense and income tax benefits related to our stock options awards granted to employees is presented below: Three months ended December 31, 2016 2015 (in thousands) Total share-based expense $ 2,287 $ 2,565 Income tax benefit related to share-based expense 165 204 For the three months ended December 31, 2016 , we realized $2 million of excess tax benefits related to our stock option awards which favorably impacted income tax expense in our Condensed Consolidated Statements of Income and Comprehensive Income as a result of our adoption of stock compensation simplification guidance (see Note 1 for additional information on our adoption of this new accounting guidance during the period). During the three months ended December 31, 2016 , we granted 219,800 stock options to employees with a weighted-average grant-date fair value of $19.92 . As of December 31, 2016 , there was $21 million of total unrecognized pre-tax compensation cost, net of estimated forfeitures, related to stock option awards. These costs are expected to be recognized over a weighted-average period of 2.98 years . The stock option awards granted to our independent contractor financial advisors are not material as of December 31, 2016 . Restricted stock and restricted stock unit awards Expense and income tax benefits related to our restricted equity awards (which include restricted stock and restricted stock units) granted to employees and members of our Board of Directors are presented below: Three months ended December 31, 2016 2015 (in thousands) Total share-based expense $ 27,650 (1) $ 17,904 Income tax benefit related to share-based expense 10,035 6,360 (1) The total share-based expense in the three months ended December 31, 2016 includes $5 million which is included as a component of acquisition-related expenses on our Condensed Consolidated Statements of Income and Comprehensive Income, see Note 3 for additional information regarding such expense. For the three months ended December 31, 2016 , we realized $17 million of excess tax benefits related to our restricted equity awards which favorably impacted income tax expense in our Condensed Consolidated Statements of Income and Comprehensive Income as a result of our adoption of stock compensation simplification guidance (see Note 1 for additional information on our adoption of this new accounting guidance during the period). During the three months ended December 31, 2016 , we granted 1,475,479 restricted stock units to employees with a weighted-average grant-date fair value of $71.88 . During the three months ended December 31, 2016 we did not grant any restricted stock units to outside members of our Board of Directors. As of December 31, 2016 , there was $163 million of total unrecognized pre-tax compensation cost, net of estimated forfeitures, related to restricted equity awards granted to employees and members of our Board of Directors. These costs are expected to be recognized over a weighted-average period of 3.50 years. There are no outstanding restricted stock units related to our independent contractor financial advisors as of December 31, 2016 . Restricted stock awards associated with Alex. Brown As part of our acquisition of Alex. Brown, RJ&A assumed certain DBRSU awards, including the associated plan terms and conditions. Refer to Note 24 on page 190 of our 2016 Form 10-K for additional information regarding these awards. The DBRSUs are accounted for as a derivative, see Note 12 for additional information regarding this derivative. The net impact of the DBRSUs in our Condensed Consolidated Statements of Income and Comprehensive Income for the three months ended December 31, 2016 , including the related income tax effects, is presented below: Three months ended December 31, 2016 (in thousands) Amortization of DBRSU prepaid compensation asset $ 1,542 Change in fair value of derivative liability (1) 6,375 Net loss before tax $ 7,917 Income tax expense $ 2,920 (1) Includes the impact of DBRSUs forfeited during three months ended December 31, 2016 . As of December 31, 2016 , there was a $14 million prepaid compensation asset included in prepaid expenses and other assets in our Condensed Consolidated Statements of Financial Condition related to these DBRSUs. This asset is expected to be amortized over a weighted-average period of approximately three years . As of December 31, 2016 , there was a $24 million derivative liability included in accrued compensation, commissions and benefits in our Condensed Consolidated Statements of Financial Condition based on the December 31, 2016 fair value of DB shares of $18.10 . We hold 900,000 shares of DB as of December 31, 2016 as an economic hedge against this obligation, such shares are included in other assets on our Condensed Consolidated Statements of Financial Condition. During the three months ended December 31, 2016 , the fair value of these holdings increased $4 million , this unrealized gain is included as a component of compensation, commissions and benefits expense, and offsets a portion of the loss on the DBRSUs incurred during the period discussed above.

REGULATIONS AND CAPITAL REQUIRE

REGULATIONS AND CAPITAL REQUIREMENTS	3 Months Ended
	Dec. 31, 2016
Regulatory Capital Requirements [Abstract]
REGULATIONS AND CAPITAL REQUIREMENTS	REGULATORY CAPITAL REQUIREMENTS RJF, as a financial holding company, RJ Bank, and our broker-dealer subsidiaries are subject to capital requirements by various regulatory authorities. Capital levels of each entity are monitored to assess the capital positions to ensure compliance with our various regulatory capital requirements. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on our financial results. Under capital adequacy guidelines, RJF and RJ Bank must meet specific capital guidelines that involve quantitative measures of our assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. RJF’s and RJ Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk-weightings, and other factors. RJF and RJ Bank report regulatory capital under Basel III under the standardized approach. Various aspects of the Basel III rules are subject to multi-year transition periods through December 31, 2018. RJF and RJ Bank are required to maintain minimum amounts and ratios of Total and Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined), Tier 1 capital to average assets (as defined), and under rules defined in Basel III, Common equity Tier 1 capital (“CET1”) to risk-weighted assets. RJF and RJ Bank each calculate these ratios in order to assess compliance with both regulatory requirements and their internal capital policies. Effective January 1, 2016, the minimum CET1, Tier 1 Capital, and Total Capital ratios of RJF and RJ Bank are supplemented by an incremental capital conservation buffer, consisting entirely of capital that qualifies as CET1, that phases in beginning on January 1, 2016 in increments of 0.625% per year until it reaches 2.5% of risk weighted assets on January 1, 2019. The capital conservation buffer is intended to be used to absorb potential losses in times of financial or economic stress. If not maintained, we could be limited in the amount of certain discretionary bonuses that may be paid and the amount of capital that may be distributed, including dividends and common equity repurchases. As of December 31, 2016 , RJF’s and RJ Bank’s capital conservation buffers were 14.2% and 5.7% , respectively. The applicable required capital conservation buffer for each as of December 31, 2016 was 0.625% . At current capital levels, RJF and RJ Bank are each categorized as “well capitalized.” For further discussion of regulatory capital requirements applicable to certain of our businesses and subsidiaries, see Note 25 on pages 191 - 194 of our 2016 Form 10-K. To meet requirements for capital adequacy purposes or to be categorized as “well capitalized,” RJF must maintain minimum Common equity Tier 1, Tier 1 risk-based, Total risk-based, and Tier 1 leverage amounts and ratios as set forth in the table below. Actual Requirement for capital adequacy purposes To be well capitalized under regulatory provisions Amount Ratio Amount Ratio Amount Ratio ($ in thousands) RJF as of December 31, 2016: Common equity Tier 1 capital $ 4,579,075 21.2 % $ 973,639 4.5 % $ 1,406,368 6.5 % Tier 1 capital $ 4,579,075 21.2 % $ 1,298,186 6.0 % $ 1,730,914 8.0 % Total capital $ 4,793,062 22.2 % $ 1,730,914 8.0 % $ 2,163,643 10.0 % Tier 1 leverage $ 4,579,075 14.5 % $ 1,262,106 4.0 % $ 1,577,632 5.0 % RJF as of September 30, 2016: Common equity Tier 1 capital $ 4,421,956 20.6 % $ 966,341 4.5 % $ 1,395,825 6.5 % Tier 1 capital $ 4,421,956 20.6 % $ 1,288,454 6.0 % $ 1,717,939 8.0 % Total capital $ 4,636,009 21.6 % $ 1,717,939 8.0 % $ 2,147,424 10.0 % Tier 1 leverage $ 4,421,956 15.0 % $ 1,177,840 4.0 % $ 1,472,300 5.0 % The increase in RJF’s Total capital and Tier 1 capital ratios at December 31, 2016 compared to September 30, 2016 was primarily the result of positive earnings during the three months ended December 31, 2016 , offset by the growth of RJ Bank’s corporate loan portfolio. To meet the requirements for capital adequacy or to be categorized as “well capitalized,” RJ Bank must maintain Common equity Tier 1, Tier 1 risk-based, Total risk-based, and Tier 1 leverage amounts and ratios as set forth in the table below. Actual Requirement for capital adequacy purposes To be well capitalized under regulatory provisions Amount Ratio Amount Ratio Amount Ratio ($ in thousands) RJ Bank as of December 31, 2016: Common equity Tier 1 capital $ 1,719,444 12.5 % $ 620,242 4.5 % $ 895,906 6.5 % Tier 1 capital $ 1,719,444 12.5 % $ 826,990 6.0 % $ 1,102,653 8.0 % Total capital $ 1,892,158 13.7 % $ 1,102,653 8.0 % $ 1,378,317 10.0 % Tier 1 leverage $ 1,719,444 9.7 % $ 710,762 4.0 % $ 888,453 5.0 % RJ Bank as of September 30, 2016: Common equity Tier 1 capital $ 1,675,890 12.7 % $ 592,864 4.5 % $ 856,360 6.5 % Tier 1 capital $ 1,675,890 12.7 % $ 790,486 6.0 % $ 1,053,981 8.0 % Total capital $ 1,841,112 14.0 % $ 1,053,981 8.0 % $ 1,317,476 10.0 % Tier 1 leverage $ 1,675,890 9.9 % $ 675,939 4.0 % $ 844,924 5.0 % The decrease in RJ Bank’s Total and Tier 1 capital ratios at December 31, 2016 compared to September 30, 2016 was primarily due to growth in corporate loans. Certain of our broker-dealer subsidiaries are subject to the requirements of the Uniform Net Capital Rule (Rule 15c3-1) under the Securities Exchange Act of 1934. The net capital position of our wholly owned broker-dealer subsidiary RJ&A is as follows: As of December 31, 2016 September 30, 2016 ($ in thousands) Raymond James & Associates, Inc.: (Alternative Method elected) Net capital as a percent of aggregate debit items 21.80 % 19.61 % Net capital $ 560,866 $ 512,594 Less: required net capital (51,454 ) (52,287 ) Excess net capital $ 509,412 $ 460,307 The net capital position of our wholly owned broker-dealer subsidiary RJFS is as follows: As of December 31, 2016 September 30, 2016 (in thousands) Raymond James Financial Services, Inc.: (Alternative Method elected) Net capital $ 26,879 $ 27,013 Less: required net capital (250 ) (250 ) Excess net capital $ 26,629 $ 26,763 The risk adjusted capital of RJ Ltd. is as follows (in Canadian dollars): As of December 31, 2016 September 30, 2016 (in thousands) Raymond James Ltd.: Risk adjusted capital before minimum $ 70,923 $ 77,110 Less: required minimum capital (250 ) (250 ) Risk adjusted capital $ 70,673 $ 76,860 At December 31, 2016 , all of our other active regulated domestic and international subsidiaries are in compliance with and met all capital requirements.

FINANCIAL INSTRUMENTS WITH OFF-

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	3 Months Ended
	Dec. 31, 2016
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK [Abstract]
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK For a discussion of our financial instruments with off-balance-sheet risk, see Note 26 on pages 194 - 195 of our 2016 Form 10-K. As a part of our fixed income public finance operations, RJ&A enters into forward commitments to purchase GNMA or FNMA MBS. See Note 15 for information on these commitments. We utilize TBA security contracts to hedge our interest rate risk associated with these commitments. We are subject to loss if the timing of, or the actual amount of, the MBS securities differs significantly from the term and notional amount of the TBA security contracts we enter into. RJ Ltd. is subject to foreign exchange risk primarily due to financial instruments denominated in U.S. dollars that may be impacted by fluctuation in foreign exchange rates. In order to mitigate this risk, RJ Ltd. enters into forward foreign exchange contracts. The fair value of these contracts is not significant. As of December 31, 2016 , forward contracts outstanding to buy and sell U.S. dollars totaled CDN $7 million and CDN $6 million , respectively. RJ Bank is also subject to foreign exchange risk related to its net investment in a Canadian subsidiary. See Note 12 for information regarding how RJ Bank utilizes net investment hedges to mitigate a significant portion of this risk. RJ Bank has outstanding at any time a significant number of commitments to extend credit and other credit-related off-balance sheet financial instruments such as standby letters of credit and loan purchases, which then extend over varying periods of time. These arrangements are subject to strict credit control assessments and each customer’s credit worthiness is evaluated on a case-by-case basis. Fixed-rate commitments are also subject to market risk resulting from fluctuations in interest rates and RJ Bank’s exposure is limited to the replacement value of those commitments. RJ Bank’s commitments to extend credit and other credit-related off-balance sheet financial instruments outstanding are as follows: December 31, 2016 (in thousands) Standby letters of credit $ 34,164 Open-end consumer lines of credit (primarily SBL) 3,937,479 Commercial lines of credit 1,589,736 Unfunded loan commitments 430,707 Because many of RJ Bank’s lending commitments expire without being funded in whole or part, the contract amounts are not estimates of RJ Bank’s actual future credit exposure or future liquidity requirements. RJ Bank maintains a reserve to provide for potential losses related to the unfunded lending commitments. See Note 8 for further discussion of this reserve for unfunded lending commitments.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The following table presents the computation of basic and diluted earnings per share: Three months ended December 31, 2016 2015 (in thousands, except per share amounts) Income for basic earnings per common share: Net income attributable to RJF $ 146,567 $ 106,329 Less allocation of earnings and dividends to participating securities (1) (310 ) (238 ) Net income attributable to RJF common shareholders $ 146,257 $ 106,091 Income for diluted earnings per common share: Net income attributable to RJF $ 146,567 $ 106,329 Less allocation of earnings and dividends to participating securities (1) (303 ) (234 ) Net income attributable to RJF common shareholders $ 146,264 $ 106,095 Common shares: Average common shares in basic computation 142,110 143,058 Dilutive effect of outstanding stock options and certain restricted stock units 3,565 3,083 Average common shares used in diluted computation 145,675 146,141 Earnings per common share: Basic $ 1.03 $ 0.74 Diluted $ 1.00 $ 0.73 Stock options and certain restricted stock units excluded from weighted-average diluted common shares because their effect would be antidilutive 2,127 3,170 (1) Represents dividends paid during the period to participating securities plus an allocation of undistributed earnings to participating securities. Participating securities represent unvested restricted stock and certain restricted stock units and amounted to weighted-average shares of 310 thousand and 337 thousand for the three months ended December 31, 2016 and 2015 , respectively. Dividends paid to participating securities were insignificant in the three months ended December 31, 2016 and 2015 . Undistributed earnings are allocated to participating securities based upon their right to share in earnings if all earnings for the period had been distributed. Dividends per common share declared and paid are as follows: Three months ended December 31, 2016 2015 Dividends per common share - declared $ 0.22 $ 0.20 Dividends per common share - paid $ 0.20 $ 0.18

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION We currently operate through the following five business segments: “Private Client Group;” “Capital Markets;” “Asset Management;” RJ Bank; and our “Other” segment. The business segments are determined based upon factors such as the services provided and the distribution channels served and are consistent with how we assess performance and determine how to allocate our resources throughout our subsidiaries. For a further discussion of our business segments, see Note 28 on pages 196 - 198 of our 2016 Form 10-K. Information concerning operations in these segments of business is as follows: Three months ended December 31, 2016 2015 (in thousands) Revenues: Private Client Group $ 1,043,316 $ 874,445 Capital Markets 236,982 228,978 Asset Management 114,096 100,238 RJ Bank 144,517 112,726 Other 15,459 4,400 Intersegment eliminations (25,602 ) (19,930 ) Total revenues (1) $ 1,528,768 $ 1,300,857 Income (loss) excluding noncontrolling interests and before provision for income taxes: Private Client Group $ 73,358 $ 69,140 Capital Markets 21,444 25,168 Asset Management 41,909 33,366 RJ Bank 104,121 65,865 Other (34,453 ) (25,201 ) Pre-tax income excluding noncontrolling interests 206,379 168,338 Add: net income attributable to noncontrolling interests 1,136 1,735 Income including noncontrolling interests and before provision for income taxes $ 207,515 $ 170,073 (1) No individual client accounted for more than ten percent of total revenues in any of the periods presented. Three months ended December 31, 2016 2015 (in thousands) Net interest income (expense): Private Client Group $ 30,387 $ 22,926 Capital Markets 2,508 2,976 Asset Management 63 100 RJ Bank 134,272 106,188 Other (20,414 ) (16,417 ) Net interest income $ 146,816 $ 115,773 The following table presents our total assets on a segment basis: December 31, 2016 September 30, 2016 (in thousands) Total assets: Private Client Group (1) $ 9,740,145 $ 10,317,681 Capital Markets (2) 2,525,142 2,957,319 Asset Management 135,381 133,190 RJ Bank 17,732,326 16,613,391 Other 1,536,396 1,465,395 Total $ 31,669,390 $ 31,486,976 (1) Includes $275 million and $276 million of goodwill at December 31, 2016 and September 30, 2016 , respectively. (2) Includes $132 million and $133 million of goodwill at December 31, 2016 and September 30, 2016 , respectively. We have operations in the United States, Canada and Europe. Substantially all long-lived assets are located in the United States. Revenues and income before provision for income taxes and excluding noncontrolling interests, classified by major geographic areas in which they are earned, are as follows: Three months ended December 31, 2016 2015 (in thousands) Revenues: United States $ 1,416,281 $ 1,204,250 Canada 84,845 61,849 Europe 22,970 23,533 Other 4,672 11,225 Total $ 1,528,768 $ 1,300,857 Pre-tax income (loss) excluding noncontrolling interests: United States $ 214,205 $ 161,859 Canada (1,537 ) 5,070 Europe (2,688 ) (446 ) Other (3,601 ) 1,855 Total $ 206,379 $ 168,338 Our total assets, classified by major geographic area in which they are held, are presented below: December 31, 2016 September 30, 2016 (in thousands) Total assets: United States (1) $ 29,323,951 $ 29,112,182 Canada (2) 2,261,577 2,275,056 Europe (3) 59,251 61,067 Other 24,611 38,671 Total $ 31,669,390 $ 31,486,976 (1) Includes $356 million of goodwill at December 31, 2016 and September 30, 2016 . (2) Includes $42 million and $43 million of goodwill at December 31, 2016 and September 30, 2016 , respectively. (3) Includes $9 million of goodwill at both December 31, 2016 and September 30, 2016 .

UPDATE OF SIGNIFICANT ACCOUNT30

UPDATE OF SIGNIFICANT ACCOUNTING POLICIES UPDATE OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The accompanying unaudited condensed consolidated financial statements include the accounts of RJF and its consolidated subsidiaries that are generally controlled through a majority voting interest. We consolidate all of our 100% owned subsidiaries. In addition we consolidate any variable interest entity (“VIE”) in which we are the primary beneficiary. Additional information on these VIEs is provided in Note 2 on pages 125 - 127 in the section titled, “Evaluation of VIEs to determine whether consolidation is required” as presented in our Annual Report on Form 10-K for the year ended September 30, 2016 , as filed with the United States (“U.S.”) Securities and Exchange Commission (the “2016 Form 10-K”) and in Notes 2 and 9 herein. When we do not have a controlling interest in an entity, but we exert significant influence over the entity, we apply the equity method of accounting. All material intercompany balances and transactions have been eliminated in consolidation.
Accounting estimates and assumptions	Accounting estimates and assumptions Certain financial information that is normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) but not required for interim reporting purposes has been condensed or omitted. These unaudited condensed consolidated financial statements reflect, in the opinion of management, all adjustments necessary for a fair presentation of the consolidated financial position and results of operations for the interim periods presented. The nature of our business is such that the results of any interim period are not necessarily indicative of results for a full year. These unaudited condensed consolidated financial statements should be read in conjunction with Management’s Discussion and Analysis and the consolidated financial statements and notes thereto included in our 2016 Form 10-K. To prepare condensed consolidated financial statements in conformity with GAAP, we must make certain estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and could have a material impact on the condensed consolidated financial statements.
Adoption of new accounting guidance	Adoption of new accounting guidance Effective October 1, 2016, we adopted new accounting guidance related to consolidation of legal entities, as well as new guidance simplifying certain aspects of accounting for stock compensation. As a result of our October 1, 2016 adoption of the new consolidation guidance, we deconsolidated a number of tax credit fund VIEs that had been previously consolidated. We determined that under the new guidance, we are no longer deemed to be the primary beneficiary of these VIEs. We applied the new consolidation guidance on the full retrospective basis, meaning that we have reflected the adjustments arising from this adoption as of the beginning of our earliest comparative period presented. Accordingly, we deconsolidated $107 million in assets, $20 million in liabilities, $89 million in noncontrolling equity interests, and increased retained earnings by $2 million , each computed as of September 30, 2016. There was no net impact on our Condensed Consolidated Statements of Income and Comprehensive Income for the prior year period as the net change in revenues, interest and other expenses were offset by the impact of the deconsolidation on the net loss attributable to noncontrolling interests. See Notes 2 and 9 for additional information. Our adoption of the new stock compensation simplification guidance impacts our determination of income tax expense. Generally, the amount of compensation cost recognized for financial reporting purposes varies from the amount that can ultimately be deducted on the tax return for share-based payment awards. Under the prior guidance, the tax effects of deductions in excess of compensation expense (“windfalls”), as well as the tax effect of any deficiencies (“shortfalls”) were recorded in equity to the extent of previously recognized windfalls, with any remaining shortfall recorded in income tax expense. Under the new guidance, all tax effects related to share-based payments are recorded through tax expense in the periods during which the awards are exercised or vest, as applicable. Under the transition provisions of the new guidance, we have applied this new guidance prospectively to excess tax benefits arising from vesting after the October 1, 2016 adoption date. Under the new guidance, excess tax benefits are included along with other income tax cash flows as an operating activity in the Condensed Consolidated Statements of Cash Flows. Prior period cash flows have been adjusted to conform to the new presentation. See Note 14 for additional information.
Reclassifications	Reclassifications Certain other prior period amounts have been reclassified to conform to the current period’s presentation.
Evaluation of VIEs to determine whether consolidation is required	Evaluation of VIEs to determine whether consolidation is required Our significant accounting policies applicable to the evaluation of legal entities to determine whether consolidation is required are discussed on pages 125 - 127 of our 2016 Form 10-K. As of December 31, 2016 , the nature of our involvement in legal entities as described therein is unchanged. However, our assessments of whether our involvement in such legal entities constitutes a VIE, and if so, whether we are deemed to be the primary beneficiary of such VIE, are now governed under new accounting guidance. Other than as described below, our application of the new consolidation accounting guidance to our determinations of whether legal entities with which we are involved constitute VIEs, and if so our primary beneficiary determination of such entities, is unchanged from that described in our 2016 Form 10-K. EIF Funds The employee investment funds (“EIF Funds”) were formed many years ago as a compensation and retention mechanism offered to certain of our key employees. After application of the new consolidation guidance, we no longer consider the EIF Funds to be VIEs. Our consolidation conclusion regarding the EIF Funds is unchanged after application of the new consolidation guidance, and we continue to consolidate the EIF Funds after October 1, 2016 through the application of the voting interest model. Non-guaranteed low-income housing tax credit funds Raymond James Tax Credit Funds, Inc., a wholly owned subsidiary of RJF (“RJTCF”) is a managing member or general partner of low-income housing tax credit (“LIHTC”) funds (the “LIHTC Funds”). Under the new consolidation guidance, the fees earned by RJTCF from the LIHTC Funds are excluded from the determination of whether RJTCF has an obligation to absorb losses of, or the right to receive benefits from, the LIHTC Fund VIE which could be potentially significant to the LIHTC Fund. As a result of this change in the primary beneficiary determination criteria, we conclude that we are not the primary beneficiary of any of the non-guaranteed LIHTC Funds, since we no longer meet the potentially significant benefits criteria as determined under the new guidance. Accordingly, we deconsolidated such previously consolidated funds as of our adoption of this new guidance. Our conclusions regarding whether the LIHTC Funds are VIEs are unchanged under the new guidance. Other real estate limited partnerships and LLCs We have interests in several limited partnerships involved in various real estate activities in which a subsidiary is either the general partner or a limited partner. After application of the new consolidation guidance, we no longer consider these entities to be VIEs, and we do not consolidate these partnerships or limited liability companies (“LLCs”). Our consolidation conclusions regarding these interests are unchanged after application of the new consolidation guidance, as we did not consolidate these entities under the prior consolidation guidance. Managed Funds We have certain interests in legal entities formed for the purpose of making and managing investments in securities of other entities (“Managed Funds”). The new consolidation guidance eliminated the deferral of the determination of who is the primary beneficiary based on a power and benefits analysis. Under the prior consolidation guidance, the primary beneficiary determination was based upon an assessment of who would absorb a majority of the entity’s expected losses, receive a majority of the entity’s residual returns, or both. We applied the new consolidation guidance to the Managed Funds and determined that they are not VIEs. Our conclusion that no consolidation of the Managed Funds is required is unchanged under the new consolidation guidance. Private Equity Interests We participate in principal capital and private equity activities and as a result, hold interests in a number of limited partnerships (our “Private Equity Interests”). Under the prior consolidation guidance, we concluded our Private Equity Interests were not VIEs, and our consolidation conclusions were based upon the application of the voting interest model. However, under the new consolidation guidance, we have concluded that the Private Equity Interests are VIEs, primarily as a result of how the new consolidation model applies to the evaluation of limited partner kick-out and participation rights. In most of our Private Equity Interests, a simple majority of the limited partners cannot initiate an action to kick-out the general partner without cause and the limited partners with equity at-risk lack substantive participating rights, and thus the Private Equity Interests are deemed to be VIEs. In our analysis of the criteria to determine whether we are the primary beneficiary of the Private Equity Interests VIEs, we analyze the power and benefits criterion. In a number of these entities, we are a passive limited partner investor, and thus we do not have the power to make decisions that most significantly affect the economic performance of such VIEs. Accordingly, in such circumstances we have determined we are not the primary beneficiary and therefore we do not consolidate the VIE. However, in certain of these entities, we have concluded that we are the primary beneficiary as we meet the power and benefits criteria. In such instances, we consolidate the Private Equity Interests VIE. The outcome of the application of the new consolidation guidance did not change the determination of which Private Equity Interests required consolidation under application of the prior guidance. Those Private Equity Interests deemed to be VIEs under the new consolidation guidance and for which we concluded we are the primary beneficiary, were previously consolidated through application of the voting interest model under the prior consolidation guidance.
Brokerage client receivables, loans to financial advisors and allowance for doubtful accounts	Brokerage client receivables, loans to financial advisors and allowance for doubtful accounts As more fully described in Note 2 on page 116 - 117 of our 2016 Form 10-K, we have certain financing receivables that arise from businesses other than our banking business. Specifically, we offer loans to financial advisors and certain key revenue producers, primarily for recruiting, transitional cost assistance, and retention purposes. We present the outstanding balance of loans to financial advisors on our Condensed Consolidated Statements of Financial Condition, net of the allowance for doubtful accounts.

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	3 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
Schedule of Acquisition Related Expenses	The acquisition-related expenses presented on our Condensed Consolidated Statements of Income and Comprehensive income for the three months ended December 31, 2016 pertain to certain incremental expenses incurred in connection with the acquisitions described above. The expenses incurred during the three months ended December 31, 2015 were associated with the acquisition of Alex. Brown (which was subsequently completed in September 2016 as described above). The table below provides a summary of acquisition-related expenses incurred in each respective period: For the three months ended December 31, 2016 2015 (in thousands) Acquisition and integration related incentive compensation costs (1) $ 5,474 $ — Severance (2) 4,803 — Early termination costs of assumed contracts 1,324 — Information systems integration costs 1,205 — Legal and regulatory 553 1,501 Post-closing purchase price contingency (favorable) interim determination computed as of the end of the period (2,251 ) — Pre-Alex. Brown closing date unrealized loss in the fair value of DB shares purchased to satisfy the DBRSU liability (3) — 154 Travel and all other 1,558 217 Total acquisition-related expenses $ 12,666 $ 1,872 (1) Primarily comprised of non-recurring RSU grants authorized by the Board of Directors in their November 2016 meeting, made to certain employees and consultants for acquisition-related purposes. See Note 18 for discussion of share-based compensation. (2) Represents all costs associated with positions eliminated during the period, primarily arising from the 3Macs acquisition, such costs include any forgiven employee loan balances and any unamortized balance of the prepaid compensation asset associated with such persons which will not be collected (refer to the discussion of this prepaid asset in Note 3 on page 128, and Note 10 on page 157, each in our 2016 Form 10-K). (3) Refer to the discussion of Deutsche Bank AG (“DB”) common shares to be used to settle certain Deutsche Bank restricted stock unit (“DBRSU”) awards assumed by RJ&A in the Alex. Brown acquisition, in Note 3 on page 129 of our 2016 Form 10-K, as well as in Notes 12 and 18 herein.

CASH AND CASH EQUIVALENTS, AS32

CASH AND CASH EQUIVALENTS, ASSETS SEGREGATED PURSUANT TO REGULATIONS, AND DEPOSITS WITH CLEARING ORGANIZATIONS (Tables)	3 Months Ended
	Dec. 31, 2016
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents	Our cash and cash equivalents, assets segregated pursuant to regulations and other segregated assets, and deposits with clearing organization balances are as follows: December 31, September 30, (in thousands) Cash and cash equivalents: Cash in banks $ 2,527,731 $ 1,649,593 Money market fund investments 544 859 Total cash and cash equivalents (1) $ 2,528,275 $ 1,650,452 Assets segregated pursuant to federal regulations and other segregated assets (2) $ 3,867,999 $ 4,884,487 Deposits with clearing organizations: Cash and cash equivalents $ 145,629 $ 215,856 Government and agency obligations 53,227 29,508 Total deposits with clearing organizations $ 198,856 $ 245,364 (1) The total amounts presented include cash and cash equivalents of $1.16 billion and $810 million as of December 31, 2016 and September 30, 2016 , respectively, which are either held directly by RJF in depository accounts at third party financial institutions, held in a depository account at RJ Bank (computed as the lesser of RJ Bank’s cash balance or the amount of RJF’s depository account balance), or are otherwise invested by one of our subsidiaries on behalf of RJF, all of which are available without restrictions. (2) Consists of cash maintained in accordance with Rule 15c3-3 under the Securities Exchange Act of 1934. RJ&A, as a broker-dealer carrying client accounts, is subject to requirements related to maintaining cash or qualified securities in segregated reserve accounts for the exclusive benefit of its’ clients. Additionally, RJ Ltd. is required to hold client Registered Retirement Savings Plan funds in trust.

FAIR VALUE (Tables)

FAIR VALUE (Tables)	3 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis	Assets and liabilities measured at fair value on a recurring and nonrecurring basis are presented below: December 31, 2016 Quoted prices (1) Significant other observable inputs (Level 2) (1) Significant unobservable inputs (Level 3) Netting adjustments (2) Balance as of (in thousands) Assets at fair value on a recurring basis: Trading instruments: Municipal and provincial obligations $ 87 $ 116,143 $ — $ — $ 116,230 Corporate obligations 6,301 58,591 — — 64,892 Government and agency obligations 6,412 42,176 — — 48,588 Agency mortgage-backed securities (“MBS”) and collateralized mortgage obligations (“CMOs”) 9,477 116,187 — — 125,664 Non-agency CMOs and asset-backed securities (“ABS”) — 43,237 7 — 43,244 Total debt securities 22,277 376,334 7 — 398,618 Derivative contracts — 114,930 — (59,010 ) 55,920 Equity securities 15,879 1,938 — — 17,817 Brokered certificates of deposit — 34,349 — — 34,349 Other 36 — 11,052 — 11,088 Total trading instruments 38,192 527,551 11,059 (59,010 ) 517,792 Available for sale securities: Agency MBS and CMOs — 992,994 — — 992,994 Non-agency CMOs — 39,915 — — 39,915 Other securities 1,398 — — — 1,398 Auction rate securities (“ARS”): Municipals — — 25,364 — 25,364 Preferred securities — — 103,853 — 103,853 Total available for sale securities 1,398 1,032,909 129,217 — 1,163,524 Private equity investments not measured at net asset value (“NAV”) — — 83,466 (3) — 83,466 Other investments (4) 252,188 320 223 — 252,731 Derivative instruments associated with offsetting matched book positions — 299,393 — — 299,393 Deposits with clearing organizations: Government and agency obligations 53,227 — — — 53,227 Other assets: Derivative contracts (5) — 14,844 — — 14,844 Total assets at fair value on a recurring basis $ 345,005 $ 1,875,017 $ 223,965 $ (59,010 ) $ 2,384,977 Assets at fair value on a nonrecurring basis: Bank loans, net: Impaired loans $ — $ 21,044 $ 40,450 $ — $ 61,494 Loans held for sale (6) — 21,405 — — 21,405 Total bank loans, net — 42,449 40,450 — 82,899 Other real estate owned (“OREO”) (7) — 1,118 — — 1,118 Total assets at fair value on a nonrecurring basis $ — $ 43,567 $ 40,450 $ — $ 84,017 (continued on next page) December 31, 2016 Quoted prices in active markets for identical assets (Level 1) (1) Significant other observable inputs (Level 2) (1) Significant unobservable inputs (Level 3) Netting adjustments (2) Balance as of (in thousands) (continued from previous page) Liabilities at fair value on a recurring basis: Trading instruments sold but not yet purchased: Municipal and provincial obligations $ 287 $ 311 $ — $ — $ 598 Corporate obligations 1,577 17,993 — — 19,570 Government obligations 177,323 — — — 177,323 Agency MBS and CMOs 1,144 — — — 1,144 Non-agency MBS & CMOs — 5,269 — — 5,269 Total debt securities 180,331 23,573 — — 203,904 Derivative contracts — 103,424 — (50,358 ) 53,066 Equity securities 3,363 10 — — 3,373 Other securities — 200 — — 200 Total trading instruments sold but not yet purchased 183,694 127,207 — (50,358 ) 260,543 Derivative instruments associated with offsetting matched book positions — 299,393 — — 299,393 Trade and other payables: Derivative contracts (5) — 8,452 — — 8,452 Other liabilities — — 1,856 (8) — 1,856 Total trade and other payables — 8,452 1,856 — 10,308 Accrued compensation, commissions and benefits: Derivative contracts (9) — 24,144 — — 24,144 Total liabilities at fair value on a recurring basis $ 183,694 $ 459,196 $ 1,856 $ (50,358 ) $ 594,388 (1) We had $1 million in transfers of financial instruments from Level 1 to Level 2 during the three months ended December 31, 2016 . These transfers were a result of a decrease in the availability and reliability of the observable inputs utilized in the respective instruments’ fair value measurement. We had $1 million in transfers of financial instruments from Level 2 to Level 1 during the three months ended December 31, 2016 . These transfers were a result of an increase in the availability and reliability of the observable inputs utilized in the respective instruments’ fair value measurement. Our policy is that the end of each respective quarterly reporting period determines when transfers of financial instruments between levels are recognized. (2) For derivative transactions not cleared through exchanges, and where permitted, we have elected to net derivative receivables and derivative payables and the related cash collateral received and paid when a legally enforceable master netting agreement exists (see Note 13 for additional information regarding offsetting financial instruments). Deposits associated with derivative transactions cleared through exchanges are included in deposits with clearing organizations on our Condensed Consolidated Statements of Financial Condition. (3) The portions of these investments we do not own are approximately $26 million as of December 31, 2016 and are included as a component of noncontrolling interest in our Condensed Consolidated Statements of Financial Condition. The weighted average portion we own is approximately $57 million or 68% of the total private equity investments of $83 million included in our Condensed Consolidated Statements of Financial Condition. (4) Other investments include $80 million of financial instruments that are related to obligations to perform under certain deferred compensation plans (see Note 2 on page 116, and Note 24 on pages 186 - 191, of our 2016 Form 10-K, for further information regarding these plans), and DB shares with a fair value of $16 million as of December 31, 2016 which we hold as an economic hedge against the DBRSU obligation (see Note 18 for additional information). (5) Consists of derivatives arising from RJ Bank’s business operations, see Note 12 for additional information. (6) Includes individual loans classified as held for sale, which were recorded at a fair value lower than cost. (7) Represents the fair value of foreclosed properties which were measured at a fair value subsequent to their initial classification as OREO. The recorded value in the Condensed Consolidated Statements of Financial Condition is net of the estimated selling costs. (8) Includes the fair value of forward commitments to purchase GNMA or FNMA (as hereinafter defined) MBS arising from our fixed income public finance operations. See Note 2 and Note 21 of our 2016 Form 10-K for additional information. (9) The balance reflects the DBRSUs from our acquisition of Alex. Brown. See Note 12 for additional information. September 30, 2016 Quoted prices (1) Significant (1) Significant Netting (2) Balance as of (in thousands) Assets at fair value on a recurring basis: Trading instruments: Municipal and provincial obligations $ 480 $ 273,683 $ — $ — $ 274,163 Corporate obligations 10,000 122,885 — — 132,885 Government and agency obligations 6,412 43,186 — — 49,598 Agency MBS and CMOs 413 164,250 — — 164,663 Non-agency CMOs and ABS — 34,421 7 — 34,428 Total debt securities 17,305 638,425 7 — 655,737 Derivative contracts — 163,242 — (107,539 ) 55,703 Equity securities 14,529 1,500 — — 16,029 Brokered certificates of deposit — 35,206 — — 35,206 Other 555 3 3,572 — 4,130 Total trading instruments 32,389 838,376 3,579 (107,539 ) 766,805 Available for sale securities: Agency MBS and CMOs — 682,297 — — 682,297 Non-agency CMOs — 50,519 — — 50,519 Other securities 1,417 — — — 1,417 ARS: Municipals — — 25,147 — 25,147 Preferred securities — — 100,018 — 100,018 Total available for sale securities 1,417 732,816 125,165 — 859,398 Private equity investments not measured at NAV (3) — — 83,165 (4) — 83,165 Other investments (5) 296,146 257 441 — 296,844 Derivative instruments associated with offsetting matched book positions — 422,196 — — 422,196 Deposits with clearing organizations: Government and agency obligations 29,508 — — — 29,508 Other assets: Derivative contracts (6) — 2,016 — — 2,016 Other assets — — 2,448 (7) — 2,448 Total other assets — 2,016 2,448 — 4,464 Total assets at fair value on a recurring basis $ 359,460 $ 1,995,661 $ 214,798 $ (107,539 ) $ 2,462,380 Assets at fair value on a nonrecurring basis: Bank loans, net: Impaired loans $ — $ 23,146 $ 47,982 $ — $ 71,128 Loans held for sale (8) — 18,177 — — 18,177 Total bank loans, net — 41,323 47,982 — 89,305 OREO (9) — 679 — — 679 Total assets at fair value on a nonrecurring basis $ — $ 42,002 $ 47,982 $ — $ 89,984 (continued on next page) September 30, 2016 Quoted prices in active markets for identical assets (Level 1) (1) Significant other observable inputs (Level 2) (1) Significant unobservable inputs (Level 3) Netting adjustments (2) Balance as of (in thousands) (continued from previous page) Liabilities at fair value on a recurring basis: Trading instruments sold but not yet purchased: Municipal and provincial obligations $ 1,161 $ — $ — $ — $ 1,161 Corporate obligations 1,283 29,791 — — 31,074 Government obligations 266,682 — — — 266,682 Agency MBS and CMOs 2,804 — — — 2,804 Total debt securities 271,930 29,791 — — 301,721 Derivative contracts — 151,694 — (142,859 ) 8,835 Equity securities 18,382 — — — 18,382 Total trading instruments sold but not yet purchased 290,312 181,485 — (142,859 ) 328,938 Derivative instruments associated with offsetting matched book positions — 422,196 — — 422,196 Trade and other payables: Derivative contracts (6) — 26,671 — — 26,671 Other liabilities — — 67 — 67 Total trade and other payables — 26,671 67 — 26,738 Accrued compensation, commissions and benefits: Derivative contracts (10) — 17,769 — — 17,769 Total liabilities at fair value on a recurring basis $ 290,312 $ 648,121 $ 67 $ (142,859 ) $ 795,641 The text of the footnotes to the table on the previous page are as follows: (1) We had $3 million in transfers of financial instruments from Level 1 to Level 2 during the year ended September 30, 2016 . These transfers were a result of a decrease in the availability and reliability of the observable inputs utilized in the respective instruments’ fair value measurement. We had $1 million in transfers of financial instruments from Level 2 to Level 1 during the year ended September 30, 2016 . These transfers were a result of an increase in the availability and reliability of the observable inputs utilized in the respective instruments’ fair value measurement. Our policy is that the end of each respective quarterly reporting period determines when transfers of financial instruments between levels are recognized. (2) For derivative transactions not cleared through an exchange, and where permitted, we have elected to net derivative receivables and derivative payables and the related cash collateral received and paid when a legally enforceable master netting agreement exists (see Note 13 for additional information regarding offsetting financial instruments). Deposits associated with derivative transactions cleared through an exchange are included in deposits with clearing organizations on our Condensed Consolidated Statements of Financial Condition. (3) Effective September 30, 2016 we adopted new accounting guidance related to the classification and disclosure of certain investments using the NAV as a practical expedient to measure the fair value of the investment. The amounts presented above do not include our investments measured at NAV, see the “investments in private equity measured at net asset value per share” section within this footnote, for additional information. (4) The portions of these investments we do not own are approximately $26 million as of September 30, 2016 and are included as a component of noncontrolling interest in our Condensed Consolidated Statements of Financial Condition. The weighted average portion we own is approximately $57 million or 68% of the total private equity investments of $83 million included in our Condensed Consolidated Statements of Financial Condition. (5) Other investments include $77 million of financial instruments that are related to obligations to perform under certain deferred compensation plans (see Note 2 and Note 24, of our 2016 Form 10-K for further information regarding these plans), and DB shares with a fair value of $12 million as of September 30, 2016 which we hold as an economic hedge against the DBRSU obligation (see Notes 2, 18, and 24 of our 2016 Form 10-K for additional information). (6) Consists of derivatives arising from RJ Bank’s business operations, see Note 12 for additional information. (7) Includes the fair value of forward commitments to purchase GNMA or FNMA (as hereinafter defined) MBS arising from our fixed income public finance operations. See Note 2 and Note 21 of our 2016 Form 10-K for additional information. (8) Includes individual loans classified as held for sale, which were recorded at a fair value lower than cost. (9) Represents the fair value of foreclosed properties which were measured at a fair value subsequent to their initial classification as OREO. The recorded value in the Consolidated Statements of Financial Condition is net of the estimated selling costs. (10) The balance reflects the DBRSUs which arose from our acquisition of Alex. Brown, see a discussion of the circumstances giving rise to this derivative in Note 3 on pages 127 - 129 of our 2016 Form 10-K.
Level 3 Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis, Roll Forward Table of Change in Balances	Additional information about Level 3 assets and liabilities measured at fair value on a recurring basis is presented below: Three months ended December 31, 2016 Level 3 assets at fair value Financial assets Financial liabilities Trading instruments Available for sale securities Private equity, other investments and other assets Payables- trade and other Non- agency CMOs & ABS Other ARS – municipals ARS - preferred securities Private equity investments Other investments Other assets Other liabilities Fair value September 30, 2016 $ 7 $ 3,572 $ 25,147 $ 100,018 $ 83,165 $ 441 $ 2,448 $ (67 ) Total gains (losses) for the period: Included in earnings — (141 ) — 1 301 (8 ) (2,448 ) (1,789 ) Included in other comprehensive income — — 217 3,857 — — — — Purchases and contributions — 18,683 — — — — — — Sales — (11,062 ) — (23 ) — — — — Redemptions by issuer — — — — — (15 ) — — Distributions — — — — — — — — Transfers: (1) Into Level 3 — — — — — — — — Out of Level 3 — — — — — (195 ) — — Fair value December 31, 2016 $ 7 $ 11,052 $ 25,364 $ 103,853 $ 83,466 $ 223 $ — $ (1,856 ) Change in unrealized gains (losses) for the period included in earnings (or changes in net assets) for assets held at the end of the reporting period $ — $ (124 ) $ 217 $ 3,856 $ 301 $ — $ — $ (4,240 ) (1) Our policy is that the end of each respective quarterly reporting period determines when transfers of financial instruments between levels are recognized. Three months ended December 31, 2015 Level 3 assets at fair value Financial assets Financial liabilities Trading instruments Available for sale securities Private equity, other investments and other assets Payables- trade and other Corporate Obligations Non- agency CMOs & ABS Other ARS – municipals ARS - preferred securities Private equity investments (1) Other investments Other assets Other liabilities Fair value September 30, 2015 $ 156 $ 9 $ 1,986 $ 28,015 $ 110,749 $ 77,435 $ 565 $ 4,975 $ (58 ) Total gains (losses) for the period: Included in earnings (40 ) — (249 ) — — — (7 ) (3,449 ) (9 ) Included in other comprehensive income — — — (535 ) (7,850 ) — — — — Purchases and contributions 73 — 19,017 — — 915 — — — Sales — — (18,790 ) — — (18 ) — — — Redemptions by issuer — — — — — — — — — Distributions — — — — — (18 ) (65 ) — — Transfers: (2) Into Level 3 — — — — — — — — — Out of Level 3 — — — — — — — — — Fair value December 31, 2015 $ 189 $ 9 $ 1,964 $ 27,480 $ 102,899 $ 78,314 $ 493 $ 1,526 $ (67 ) Change in unrealized gains (losses) for the period included in earnings (or changes in net assets) for assets held at the end of the reporting period $ (40 ) $ — $ (11 ) $ — $ — $ — $ (7 ) $ (3,449 ) $ — (1) Effective September 30, 2016, we adopted new accounting guidance related to the classification and disclosure of certain investments using NAV as a practical expedient to measure the fair value of the investment. The prior year amounts reflect the effect of reclassifications to conform the prior year period to current period presentation. (2) Our policy is that the end of each respective quarterly reporting period determines when transfers of financial instruments between levels are recognized.
Gains and Losses (Realized and Unrealized) Included in Revenues	Gains and losses related to Level 3 recurring fair value measurements included in earnings are presented in net trading profit, other revenues and other comprehensive income in our Condensed Consolidated Statements of Income and Comprehensive Income as follows: Net trading profit Other revenues Other comprehensive income (in thousands) For the three months ended December 31, 2016 Total (losses) gains included in earnings $ (141 ) $ (3,943 ) $ 4,074 Change in unrealized (losses) gains for assets held at the end of the reporting period $ (124 ) $ (3,939 ) $ 4,073 For the three months ended December 31, 2015 Total losses included in earnings $ (289 ) $ (3,465 ) $ (8,385 ) Change in unrealized losses for assets held at the end of the reporting period $ (51 ) $ (3,456 ) $ —
Significant Assumptions Used in Valuation of Level 3 Financial Instruments	The significant assumptions used in the valuation of level 3 financial instruments are as follows (the table that follows includes the significant majority of the financial instruments we hold that are classified as level 3 measures): Level 3 financial instrument Fair value at December 31, 2016 (in thousands) Valuation technique(s) Unobservable input Range (weighted-average) Recurring measurements: Available for sale securities: ARS: Municipals - issuer is a municipality $ 10,593 Discounted cash flow Average discount rate (a) 6.71% - 7.90% (7.31%) Average interest rates applicable to future interest income on the securities (b) 2.40% - 3.67% (3.04%) Prepayment year (c) 2019 - 2026 (2022) Municipals - tax-exempt preferred securities $ 14,771 Discounted cash flow Average discount rate (a) 5.80% - 6.80% (6.30%) Average interest rates applicable to future interest income on the securities (b) 1.89% - 1.89% (1.89%) Prepayment year (c) 2016 - 2021 (2021) Preferred securities - taxable $ 103,853 Discounted cash flow Average discount rate (a) 5.74% - 7.18% (6.34%) Average interest rates applicable to future interest income on the securities (b) 2.57% - 3.43% (2.71%) Prepayment year (c) 2016 - 2021 (2021) Private equity investments (not measured at NAV): $ 57,047 Income or market approach: Scenario 1 - income approach - discounted cash flow Discount rate (a) 13% - 20% (17.9%) Terminal growth rate of cash flows 3% - 3% (3%) Terminal year 2019 - 2021 (2020) Scenario 2 - market approach - market multiple method EBITDA Multiple (d) 5.25 - 7.5 (6.2) Weighting assigned to outcome of scenario 1/scenario 2 81%/19% $ 26,419 Transaction price or other investment-specific events (e) Not meaningful (e) Not meaningful (e) Nonrecurring measurements: Impaired loans: residential $ 22,178 Discounted cash flow Prepayment rate 7 yrs. - 12 yrs. (10.3 yrs.) Impaired loans: corporate $ 18,272 Appraisal or discounted cash flow value (f) Not meaningful (f) Not meaningful (f) (a) Represents discount rates used when we have determined that market participants would take these discounts into account when pricing the investments. (b) Future interest rates are projected based upon a forward interest rate path, plus a spread over such projected base rate that is applicable to each future period for each security within this portfolio segment. The interest rates presented represent the average interest rate over all projected periods for securities within the portfolio segment. (c) Assumed year of at least a partial redemption of the outstanding security by the issuer. (d) Represents amounts used when we have determined that market participants would use such multiples when pricing the investments. (e) Certain private equity investments are valued initially at the transaction price until either our annual review, significant transactions occur, new developments become known, or we receive information from the fund manager that allows us to update our proportionate share of net assets, when any of which indicate that a change in the carrying values of these investments is appropriate. (f) The valuation techniques used for the impaired corporate loan portfolio are appraisals less selling costs for the collateral dependent loans and discounted cash flows for impaired loans that are not collateral dependent.
Net asset value of recorded value and unfunded commitments	The recorded value and unfunded commitments related to our private equity portfolio is as follows: Unfunded Commitment Recorded Value RJF (1) Noncontrolling Interest (2) Total (in thousands) December 31, 2016 Private equity investments at NAV $ 115,972 (3) $ 24,249 $ 2,299 $ 26,548 Private equity investments at fair value 83,466 Total private equity investments $ 199,438 (4) September 30, 2016 Private equity investments at NAV $ 111,469 (3) $ 27,542 $ 3,001 $ 30,543 Private equity investments at fair value 83,165 Total private equity investments $ 194,634 (5) (1) Represents RJF’s portion of unfunded commitments related to our private equity portfolio. (2) Unfunded commitments related to the portion of our private equity portfolio owned by others. Such commitments are required to be funded by the holders of the noncontrolling interests. (3) We anticipate 90% of these funds will be liquidated over a period of five years or less. The remaining 10% of these funds we anticipate to be liquidated over a period of five to nine years . (4) The portions of these investments we do not own are approximately $51 million as of December 31, 2016 and are included as a component of noncontrolling interest in our Condensed Consolidated Statements of Financial Condition. The weighted average portion we own is approximately $148 million or 74% of the total private equity investments of $199 million included in our Condensed Consolidated Statements of Financial Condition. (5) The portions of these investments we do not own are approximately $51 million as of September 30, 2016 and are included as a component of noncontrolling interest in our Condensed Consolidated Statements of Financial Condition. The weighted average portion we own is approximately $144 million or 74% of the total private equity investments of $195 million included in our Condensed Consolidated Statements of Financial Condition.
Carrying Amounts and Estimated Fair Values of Financial Instruments Not Carried at Fair Value	The estimated fair values by level within the fair value hierarchy and the carrying amounts of our financial instruments that are not carried at fair value are as follows: Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Total estimated fair value Carrying amount (in thousands) December 31, 2016 Financial assets: Bank loans, net (1) $ — $ 160,811 $ 15,417,900 $ 15,578,711 $ 15,745,853 Loans to Financial advisors, net $ — $ — $ 709,145 $ 709,145 $ 845,783 Financial liabilities: Bank deposits $ — $ 14,901,554 $ 286,736 $ 15,188,290 $ 15,189,790 Other borrowings (2) $ — $ 32,665 $ — $ 32,665 $ 32,271 Senior notes payable $ 355,460 $ 1,386,734 $ — $ 1,742,194 $ 1,680,957 September 30, 2016 Financial assets: Bank loans, net (1) $ — $ 196,109 $ 14,925,802 $ 15,121,911 $ 15,121,430 Loans to financial advisors, net $ — $ — $ 706,717 $ 706,717 $ 838,721 Financial liabilities: Bank deposits $ — $ 13,947,310 $ 318,228 $ 14,265,538 $ 14,262,547 Other borrowings (2) $ — $ 34,520 $ — $ 34,520 $ 33,391 Senior notes payable $ 362,180 $ 1,452,071 $ — $ 1,814,251 $ 1,680,587 (1) Excludes all impaired loans and loans held for sale which have been recorded at fair value in the Condensed Consolidated Statements of Financial Condition at December 31, 2016 and September 30, 2016 . (2) Excludes the components of other borrowings that are recorded at amounts that approximate their fair value in the Condensed Consolidated Statements of Financial Condition at December 31, 2016 and September 30, 2016 .

TRADING INSTRUMENTS AND TRADI34

TRADING INSTRUMENTS AND TRADING INSTRUMENTS SOLD BUT NOT YET PURCHASED (Tables)	3 Months Ended
	Dec. 31, 2016
Trading Instruments and Trading Instruments Sold But Not Yet Purchased [Abstract]
Trading Instruments and Trading Instruments Sold but Not Yet Purchased	December 31, 2016 September 30, 2016 Trading instruments Instruments sold but not yet purchased Trading instruments Instruments sold but not yet purchased (in thousands) Municipal and provincial obligations $ 116,230 $ 598 $ 274,163 $ 1,161 Corporate obligations 64,892 19,570 132,885 31,074 Government and agency obligations 48,588 177,323 49,598 266,682 Agency MBS and CMOs 125,664 1,144 164,663 2,804 Non-agency CMOs and ABS 43,244 5,269 34,428 — Total debt securities 398,618 203,904 655,737 301,721 Derivative contracts (1) 55,920 53,066 55,703 8,835 Equity securities 17,817 3,373 16,029 18,382 Brokered certificates of deposit 34,349 — 35,206 — Other 11,088 200 4,130 — Total $ 517,792 $ 260,543 $ 766,805 $ 328,938 (1) Represents the derivative contracts held for trading purposes. These balances do not include all derivative instruments. See Note 12 for further information regarding all of our derivative transactions, and see Note 13 for additional information regarding offsetting financial instruments.

AVAILABLE FOR SALE SECURITIES (

AVAILABLE FOR SALE SECURITIES (Tables)	3 Months Ended
	Dec. 31, 2016
Available-for-sale Securities [Abstract]
Amortized Cost and Estimated Fair Values of Available For Sale Securities	The amortized cost and fair values of available for sale securities are as follows: Cost basis Gross unrealized gains Gross unrealized losses Fair value (in thousands) December 31, 2016 Available for sale securities: Agency MBS and CMOs $ 1,002,868 $ 458 $ (10,332 ) $ 992,994 Non-agency CMOs (1) 41,918 4 (2,007 ) 39,915 Other securities 1,575 — (177 ) 1,398 Total RJ Bank available for sale securities 1,046,361 462 (12,516 ) 1,034,307 Auction rate securities: Municipal obligations 27,491 14 (2,141 ) 25,364 Preferred securities 103,204 809 (160 ) 103,853 Total auction rate securities 130,695 823 (2,301 ) 129,217 Total available for sale securities $ 1,177,056 $ 1,285 $ (14,817 ) $ 1,163,524 September 30, 2016 Available for sale securities: Agency MBS and CMOs $ 680,341 $ 2,512 $ (556 ) $ 682,297 Non-agency CMOs (2) 53,427 9 (2,917 ) 50,519 Other securities 1,575 — (158 ) 1,417 Total RJ Bank available for sale securities 735,343 2,521 (3,631 ) 734,233 Auction rate securities: Municipal obligations 27,491 14 (2,358 ) 25,147 Preferred securities 103,226 — (3,208 ) 100,018 Total auction rate securities 130,717 14 (5,566 ) 125,165 Total available for sale securities $ 866,060 $ 2,535 $ (9,197 ) $ 859,398 (1) As of December 31, 2016 , the non-credit portion of unrealized losses related to non-agency CMOs with previously recorded other-than-temporary impairment (“OTTI”) was $1 million (before taxes) recorded in accumulated other comprehensive income (loss) (“AOCI”). See Note 16 for additional information. (2) As of September 30, 2016 , the non-credit portion of unrealized losses related to non-agency CMOs with previously recorded OTTI was $2 million (before taxes) recorded in AOCI.
Contractual Maturities, Amortized Cost, Carrying Values, and Current Yields for Available For Sales Securities	The contractual maturities, amortized cost, carrying values and current yields for our available for sale securities are as presented below. Since RJ Bank’s available for sale securities (MBS & CMOs) are backed by mortgages, actual maturities will differ from contractual maturities because borrowers may have the right to prepay obligations without prepayment penalties. Expected maturities of ARS may differ significantly from contractual maturities, as issuers may have the right to call or prepay obligations with or without call or prepayment penalties. December 31, 2016 Within one year After one but within five years After five but within ten years After ten years Total ($ in thousands) Agency MBS & CMOs: Amortized cost $ 175 $ 53,772 $ 254,570 $ 694,351 $ 1,002,868 Carrying value 176 53,225 252,700 686,893 992,994 Weighted-average yield 1.02 % 1.72 % 1.61 % 1.61 % 1.62 % Non-agency CMOs: Amortized cost $ — $ — $ — $ 41,918 $ 41,918 Carrying value — — — 39,915 39,915 Weighted-average yield — — — 2.71 % 2.71 % Other securities: Amortized cost $ — $ — $ — $ 1,575 $ 1,575 Carrying value — — — 1,398 1,398 Weighted-average yield — — — — — Sub-total agency MBS & CMOs, non-agency CMOs, and other securities: Amortized cost $ 175 $ 53,772 $ 254,570 $ 737,844 $ 1,046,361 Carrying value 176 53,225 252,700 728,206 1,034,307 Weighted-average yield 1.02 % 1.72 % 1.61 % 1.67 % 1.66 % Auction rate securities: Municipal obligations Amortized cost $ — $ — $ — $ 27,491 $ 27,491 Carrying value — — — 25,364 25,364 Weighted-average yield — — — 1.66 % 1.66 % Preferred securities: Amortized cost $ — $ — $ — $ 103,204 $ 103,204 Carrying value — — — 103,853 103,853 Weighted-average yield — — — 1.17 % 1.17 % Sub-total auction rate securities: Amortized cost $ — $ — $ — $ 130,695 $ 130,695 Carrying value — — — 129,217 129,217 Weighted-average yield — — — 1.27 % 1.27 % Total available for sale securities: Amortized cost $ 175 $ 53,772 $ 254,570 $ 868,539 $ 1,177,056 Carrying value 176 53,225 252,700 857,423 1,163,524 Weighted-average yield 1.02 % 1.72 % 1.61 % 1.61 % 1.62 %
Available For Sale Securities in a Continuous Unrealized Loss Position	The gross unrealized losses and fair value, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position, are as follows: December 31, 2016 Less than 12 months 12 months or more Total Estimated fair value Unrealized losses Estimated fair value Unrealized losses Estimated fair value Unrealized losses (in thousands) Agency MBS and CMOs $ 844,440 $ (9,864 ) $ 26,332 $ (468 ) $ 870,772 $ (10,332 ) Non-agency CMOs 1,496 (36 ) 37,868 (1,971 ) 39,364 (2,007 ) Other securities 1,575 (177 ) — — 1,575 (177 ) ARS municipal obligations — — 25,116 (2,141 ) 25,116 (2,141 ) ARS preferred securities 1,488 (42 ) 32,945 (118 ) 34,433 (160 ) Total $ 848,999 $ (10,119 ) $ 122,261 $ (4,698 ) $ 971,260 $ (14,817 ) September 30, 2016 Less than 12 months 12 months or more Total Estimated fair value Unrealized losses Estimated fair value Unrealized losses Estimated fair value Unrealized losses (in thousands) Agency MBS and CMOs $ 208,880 $ (361 ) $ 28,893 $ (195 ) $ 237,773 $ (556 ) Non-agency CMOs 4,256 (21 ) 44,137 (2,896 ) 48,393 (2,917 ) Other securities 1,417 (158 ) — — 1,417 (158 ) ARS municipal obligations 13,204 (697 ) 11,695 (1,661 ) 24,899 (2,358 ) ARS preferred securities 98,489 (3,208 ) — — 98,489 (3,208 ) Total $ 326,246 $ (4,445 ) $ 84,725 $ (4,752 ) $ 410,971 $ (9,197 )
Non-Agency CMOs Cash Flow Analysis Assumptions	The significant assumptions used in the cash flow analysis of non-agency CMOs are as follows: December 31, 2016 Range Weighted- average (1) Default rate 0% - 7.9% 3.45% Loss severity 0% - 51.9% 30.44% Prepayment rate 7.9% - 32.7% 15.67% (1) Represents the expected activity for the next twelve months.
Credit Losses Recognized in Earnings on Available For Sale Securities	Changes in the amount of OTTI related to credit losses recognized in other revenues on available for sale securities are as follows: Three months ended December 31, 2016 2015 (in thousands) Amount related to credit losses on securities we held at the beginning of the period $ 8,107 $ 11,847 Decreases to the amount related to credit loss for securities sold during the period (2,353 ) — Amount related to credit losses on securities we held at the end of the period $ 5,754 $ 11,847

BANK LOANS, NET (Tables)

BANK LOANS, NET (Tables)	3 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
Held for Sale and Held for Investment Loan Portfolios	The following table presents the balances for both the held for sale and held for investment loan portfolios, as well as the associated percentage of each portfolio segment in RJ Bank’s total loan portfolio: December 31, 2016 September 30, 2016 Balance % Balance % ($ in thousands) Loans held for sale, net (1) $ 202,201 1 % $ 214,286 1 % Loans held for investment: Domestic: C&I loans 6,386,069 40 % 6,402,675 42 % CRE construction loans 132,560 1 % 107,437 1 % CRE loans 2,290,245 14 % 2,188,652 14 % Tax-exempt loans 859,038 5 % 740,944 5 % Residential mortgage loans 2,651,289 17 % 2,439,286 16 % SBL 2,000,702 13 % 1,903,930 12 % Foreign: C&I loans 1,165,771 7 % 1,067,698 7 % CRE construction loans — — 15,281 — CRE loans 376,273 2 % 365,419 2 % Residential mortgage loans 2,248 — 2,283 — SBL 893 — 897 — Total loans held for investment 15,865,088 15,234,502 Net unearned income and deferred expenses (40,857 ) (40,675 ) Total loans held for investment, net (1) 15,824,231 15,193,827 Total loans held for sale and investment 16,026,432 100 % 15,408,113 100 % Allowance for loan losses (197,680 ) (197,378 ) Bank loans, net $ 15,828,752 $ 15,210,735 (1) Net of unearned income and deferred expenses, which includes purchase premiums, purchase discounts, and net deferred origination fees and costs.
Loan Purchases and Sales	The following table presents purchases and sales of any loans held for investment by portfolio segment: C&I CRE Residential mortgage Total (in thousands) Three months ended December 31, 2016 Purchases $ 114,649 $ 38,980 $ 81,662 $ 235,291 Sales (1) $ 81,579 $ — $ — $ 81,579 Three months ended December 31, 2015 Purchases $ 57,851 $ — $ 79,035 $ 136,886 Sales (1) $ 35,246 $ — $ — $ 35,246 (1) Represents the recorded investment of loans held for investment that were transferred to loans held for sale and subsequently sold to a third party during the respective period. Corporate loan sales generally occur as part of a loan workout situation.
Analysis of the Payment Status of Loans Held for Investment	The following table presents an analysis of the payment status of loans held for investment: 30-89 days and accruing 90 days or more and accruing Total past due and accruing Nonaccrual (1) Current and accruing Total loans held for investment (2) (in thousands) As of December 31, 2016: C&I loans $ — $ — $ — $ 24,762 $ 7,527,078 $ 7,551,840 CRE construction loans — — — — 132,560 132,560 CRE loans — — — — 2,666,518 2,666,518 Tax-exempt loans — — — — 859,038 859,038 Residential mortgage loans: First mortgage loans 2,206 — 2,206 39,672 2,589,192 2,631,070 Home equity loans/lines 10 — 10 36 22,421 22,467 SBL — — — — 2,001,595 2,001,595 Total loans held for investment, net $ 2,216 $ — $ 2,216 $ 64,470 $ 15,798,402 $ 15,865,088 As of September 30, 2016: C&I loans $ — $ — $ — $ 35,194 $ 7,435,179 $ 7,470,373 CRE construction loans — — — — 122,718 122,718 CRE loans — — — 4,230 2,549,841 2,554,071 Tax-exempt — — — — 740,944 740,944 Residential mortgage loans: First mortgage loans 1,766 — 1,766 41,746 2,377,357 2,420,869 Home equity loans/lines — — — 37 20,663 20,700 SBL — — — — 1,904,827 1,904,827 Total loans held for investment, net $ 1,766 $ — $ 1,766 $ 81,207 $ 15,151,529 $ 15,234,502 (1) Includes $37 million and $54 million of nonaccrual loans at December 31, 2016 and September 30, 2016 , respectively, which are performing pursuant to their contractual terms. (2) Excludes any net unearned income and deferred expenses.
Summary of Impaired Loans	The following table provides a summary of RJ Bank’s impaired loans: December 31, 2016 September 30, 2016 Gross recorded investment Unpaid principal balance Allowance for losses Gross recorded investment Unpaid principal balance Allowance for losses (in thousands) Impaired loans with allowance for loan losses: (1) C&I loans $ 28,143 $ 35,799 $ 9,870 $ 35,194 $ 35,872 $ 13,351 Residential - first mortgage loans 28,718 38,922 3,004 30,393 41,337 3,147 Total 56,861 74,721 12,874 65,587 77,209 16,498 Impaired loans without allowance for loan losses: (2) CRE loans — — — 4,230 11,611 — Residential - first mortgage loans 17,507 26,534 — 17,809 26,486 — Total 17,507 26,534 — 22,039 38,097 — Total impaired loans $ 74,368 $ 101,255 $ 12,874 $ 87,626 $ 115,306 $ 16,498 (1) Impaired loan balances have had reserves established based upon management’s analysis. (2) When the discounted cash flow, collateral value or market value equals or exceeds the carrying value of the loan, then the loan does not require an allowance. These are generally loans in process of foreclosure that have already been adjusted to fair value. The average balance of the total impaired loans and the related interest income recognized in the Condensed Consolidated Statements of Income and Comprehensive Income are as follows: Three months ended December 31, 2016 2015 (in thousands) Average impaired loan balance: C&I loans $ 32,808 $ 10,506 CRE loans 2,776 4,672 Residential mortgage loans: First mortgage loans 46,533 53,732 Total $ 82,117 $ 68,910 Interest income recognized: Residential mortgage loans: First mortgage loans $ 333 $ 380 Total $ 333 $ 380
Impact of TDRs	The table below presents the TDRs that occurred during the period presented: Number of contracts Pre-modification outstanding recorded investment Post-modification outstanding recorded investment ($ in thousands) Three months ended December 31, 2016 Residential – first mortgage loans 5 $ 1,198 $ 1,147
Credit Quality of Held for Investment Loan Portfolio	The credit quality of RJ Bank’s held for investment loan portfolio is as follows: Pass Special mention (1) Substandard (1) Doubtful (1) Total (in thousands) December 31, 2016 C&I $ 7,391,029 $ 64,766 $ 96,045 $ — $ 7,551,840 CRE construction 132,560 — — — 132,560 CRE 2,666,349 — 169 — 2,666,518 Tax-exempt 859,038 — — — 859,038 Residential mortgage: First mortgage 2,569,503 9,911 51,656 — 2,631,070 Home equity 22,248 182 37 — 22,467 SBL 2,001,595 — — — 2,001,595 Total $ 15,642,322 $ 74,859 $ 147,907 $ — $ 15,865,088 September 30, 2016 C&I $ 7,241,055 $ 117,046 $ 112,272 $ — $ 7,470,373 CRE construction 122,718 — — — 122,718 CRE 2,549,672 — 4,399 — 2,554,071 Tax-exempt 740,944 — — — 740,944 Residential mortgage: First mortgage 2,355,393 11,349 54,127 — 2,420,869 Home equity 20,413 182 105 — 20,700 SBL 1,904,827 — — — 1,904,827 Total $ 14,935,022 $ 128,577 $ 170,903 $ — $ 15,234,502 (1) Loans classified as special mention, substandard or doubtful are all considered to be “criticized” loans.
Changes in the Allowance for Loan Losses	Changes in the allowance for loan losses of RJ Bank by portfolio segment are as follows: Loans held for investment C&I CRE construction CRE Tax-exempt Residential mortgage SBL Total (in thousands) Three months ended December 31, 2016 Balance at beginning of period $ 137,701 $ 1,614 $ 36,533 $ 4,100 $ 12,664 $ 4,766 $ 197,378 (Benefit) provision for loan losses (1,243 ) 581 (2,010 ) 393 997 242 (1,040 ) Net (charge-offs)/recoveries: Charge-offs (3,389 ) — — — (87 ) — (3,476 ) Recoveries — — 5,013 — 65 — 5,078 Net (charge-offs)/recoveries (3,389 ) — 5,013 — (22 ) — 1,602 Foreign exchange translation adjustment (164 ) (92 ) (4 ) — — — (260 ) Balance at December 31, 2016 $ 132,905 $ 2,103 $ 39,532 $ 4,493 $ 13,639 $ 5,008 $ 197,680 Three months ended December 31, 2015 Balance at beginning of period $ 117,623 $ 2,707 $ 30,486 $ 5,949 $ 12,526 $ 2,966 $ 172,257 Provision (benefit) for loan losses 11,585 (52 ) 963 1,170 (204 ) 448 13,910 Net (charge-offs)/recoveries: Charge-offs (267 ) — — — (547 ) — (814 ) Recoveries — — — — 490 1 491 Net (charge-offs)/recoveries (267 ) — — — (57 ) 1 (323 ) Foreign exchange translation adjustment (220 ) (20 ) (145 ) — — — (385 ) Balance at December 31, 2015 $ 128,721 $ 2,635 $ 31,304 $ 7,119 $ 12,265 $ 3,415 $ 185,459
Recorded Investment and Related Allowance for Loan Losses, by Loan Portfolio Segment	The following table presents, by loan portfolio segment, RJ Bank’s recorded investment and related allowance for loan losses: Loans held for investment Allowance for loan losses Recorded investment (1) Individually evaluated for impairment Collectively evaluated for impairment Total Individually evaluated for impairment Collectively evaluated for impairment Total (in thousands) December 31, 2016 C&I $ 9,870 $ 123,035 $ 132,905 $ 24,762 $ 7,527,078 $ 7,551,840 CRE construction — 2,103 2,103 — 132,560 132,560 CRE — 39,532 39,532 — 2,666,518 2,666,518 Tax-exempt — 4,493 4,493 — 859,038 859,038 Residential mortgage 3,007 10,632 13,639 54,736 2,598,801 2,653,537 SBL — 5,008 5,008 — 2,001,595 2,001,595 Total $ 12,877 $ 184,803 $ 197,680 $ 79,498 $ 15,785,590 $ 15,865,088 September 30, 2016 C&I $ 13,351 $ 124,350 $ 137,701 $ 35,194 $ 7,435,179 $ 7,470,373 CRE construction — 1,614 1,614 — 122,718 122,718 CRE — 36,533 36,533 4,230 2,549,841 2,554,071 Tax-exempt — 4,100 4,100 — 740,944 740,944 Residential mortgage 3,156 9,508 12,664 56,735 2,384,834 2,441,569 SBL — 4,766 4,766 — 1,904,827 1,904,827 Total $ 16,507 $ 180,871 $ 197,378 $ 96,159 $ 15,138,343 $ 15,234,502 (1) Excludes any net unearned income and deferred expenses.

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	3 Months Ended
	Dec. 31, 2016
Variable Interest Entities [Abstract]
VIEs where we are the primary beneficiary - aggregate assets and liabilities	The aggregate assets and liabilities of the VIEs we consolidate are provided in the table below. Aggregate assets (1) Aggregate liabilities (1) (in thousands) December 31, 2016 Private Equity Interests $ 112,674 $ 5,302 Guaranteed LIHTC Fund (2) 62,796 2,644 Restricted Stock Trust Fund 14,956 14,956 Total $ 190,426 $ 22,902 September 30, 2016 Private Equity Interests $ 140,870 $ 4,888 Guaranteed LIHTC Fund (2) 63,415 2,556 Restricted Stock Trust Fund 9,949 9,949 Total $ 214,234 $ 17,393 (1) Aggregate assets and aggregate liabilities differ from the consolidated carrying value of assets and liabilities due to the elimination of intercompany assets and liabilities held by the consolidated VIE. (2) In connection with one of the multi-investor tax credit funds in which RJTCF is the managing member, RJTCF has provided one investor member with a guaranteed return on their investment in the fund (the “Guaranteed LIHTC Fund”). See Note 15 for additional information regarding this commitment.
VIEs where we are the primary beneficiary - carrying value of assets, liabilities and equity	The following table presents information about the carrying value of the assets, liabilities and equity of the VIEs which we consolidate and which are included within our Condensed Consolidated Statements of Financial Condition. The noncontrolling interests presented in this table represent the portion of these net assets which are not ours. December 31, 2016 September 30, 2016 (in thousands) Assets: Cash and cash equivalents $ 5,827 $ 8,302 Assets segregated pursuant to regulations and other segregated assets 2,436 2,412 Receivables, other 1,638 28,463 Other investments 104,730 103,632 Investments in real estate partnerships held by consolidated variable interest entities 65,306 61,004 Trust fund investment in RJF common stock (1) 14,954 9,948 Prepaid expenses and other assets 6 — Total assets $ 194,897 $ 213,761 Liabilities and equity: Trade and other payables $ 7,609 $ 3,617 Intercompany payables 18,237 15,703 Total liabilities 25,846 19,320 RJF equity 41,219 40,729 Noncontrolling interests 127,832 153,712 Total equity 169,051 194,441 Total liabilities and equity $ 194,897 $ 213,761 (1) Included in treasury stock in our Condensed Consolidated Statements of Financial Condition.
VIEs where we are the primary beneficiary - information about net income (loss) of VIEs	The following table presents information about the net income (loss) of the VIEs which we consolidate, and is included within our Condensed Consolidated Statements of Income and Comprehensive Income. The noncontrolling interests presented in this table represent the portion of the net income (loss) from these VIEs which are not ours. Three months ended December 31, 2016 2015 (in thousands) Revenues: Interest $ 416 $ 302 Other 2,242 489 Total revenues 2,658 791 Non-interest expenses (1) 2,029 1,275 Net income (loss) including noncontrolling interests 629 (484 ) Net income attributable to noncontrolling interests 139 181 Net income (loss) attributable to RJF $ 490 $ (665 ) (1) Primarily comprised of items reported in other expense on our Condensed Consolidated Statements of Income and Comprehensive Income.
VIEs where we hold a variable interest but we are not the primary beneficiary - aggregate assets, liabilities and exposure to loss	The aggregate assets, liabilities, and our exposure to loss from those VIEs in which we hold a variable interest, but as to which we have concluded we are not the primary beneficiary, are provided in the table below. December 31, 2016 September 30, 2016 Aggregate assets Aggregate liabilities Our risk of loss Aggregate assets Aggregate liabilities Our risk of loss (in thousands) LIHTC Funds $ 4,394,733 $ 1,446,968 $ 131,134 $ 4,217,812 $ 1,429,085 $ 83,562 NMTC Funds 30,230 77 9 65,338 68 12 Private Equity Interests 15,895,112 136,813 74,336 14,286,950 132,334 70,336 Other 2,459 — 2,459 2,240 — 2,240 Total $ 20,322,534 $ 1,583,858 $ 207,938 $ 18,572,340 $ 1,561,487 $ 156,150

BANK DEPOSITS (Tables)

BANK DEPOSITS (Tables)	3 Months Ended
	Dec. 31, 2016
Deposits [Abstract]
Summary of Bank Deposits	The following table presents a summary of bank deposits including the weighted-average rate: December 31, 2016 September 30, 2016 Balance Weighted-average rate (1) Balance Weighted-average rate (1) ($ in thousands) Bank deposits: NOW accounts $ 6,090 0.01 % $ 4,958 0.01 % Demand deposits (non-interest-bearing) 3,593 — 7,264 — Savings and money market accounts 14,891,871 0.07 % 13,935,089 0.05 % Certificates of deposit 288,236 1.50 % 315,236 1.55 % Total bank deposits (2) $ 15,189,790 0.10 % $ 14,262,547 0.08 % (1) Weighted-average rate calculation is based on the actual deposit balances at December 31, 2016 and September 30, 2016 , respectively. (2) Bank deposits exclude affiliate deposits of approximately $404 million at December 31, 2016 , and $353 million at September 30, 2016 . These affiliate deposits include $398 million as of December 31, 2016 , and $350 million at September 30, 2016 , held in a deposit account at RJ Bank on behalf of RJF.
Scheduled Maturities of Certificates of Deposit	Scheduled maturities of certificates of deposit are as follows: December 31, 2016 September 30, 2016 Denominations greater than or equal to $100,000 Denominations less than $100,000 Denominations greater than or equal to $100,000 Denominations less than $100,000 (in thousands) Three months or less $ 14,311 $ 9,918 $ 14,252 $ 12,663 Over three through six months 8,474 7,717 14,191 9,750 Over six through twelve months 9,094 6,696 15,452 12,321 Over one through two years 43,209 15,269 32,816 11,060 Over two through three years 42,876 21,706 43,730 22,148 Over three through four years 56,486 28,890 58,425 28,863 Over four through five years 15,220 8,370 26,173 13,392 Total $ 189,670 $ 98,566 $ 205,039 $ 110,197
Interest Expense on Deposits	Interest expense on deposits is summarized as follows: Three months ended December 31, 2016 2015 (in thousands) Certificates of deposit $ 1,135 $ 1,448 Money market, savings and NOW accounts (1) 1,648 571 Total interest expense on deposits $ 2,783 $ 2,019 (1) Excludes interest expense associated with affiliate deposits.

OTHER BORROWINGS (Tables)

OTHER BORROWINGS (Tables)	3 Months Ended
	Dec. 31, 2016
Other Borrowings [Abstract]
Schedule of Short-term Debt	The following table details the components of other borrowings: December 31, 2016 September 30, 2016 (in thousands) Other borrowings: FHLB advances $ 675,000 (1) $ 575,000 (2) Borrowings on secured lines of credit (3) 208,400 — Mortgage notes payable (4) 32,271 33,391 Borrowings on ClariVest revolving credit facility (5) 250 267 Borrowings on unsecured lines of credit (6) (7) — — Total other borrowings $ 915,921 $ 608,658 (1) Borrowings from the FHLB as of December 31, 2016 are comprised of both floating and fixed-rate advances. As of December 31, 2016 the floating-rate FHLB advances have interest rates which reset quarterly and total $650 million with $100 million maturing in June 2018 and $550 million maturing in September 2018 . We use interest rate swaps to manage the risk of increases in interest rates associated with these floating-rate advances by converting all of these balances subject to variable interest rates to a fixed interest rate. Refer to Note 12 for information regarding these interest rate swaps which are accounted for as hedging instruments. The fixed-rate FHLB advance, in the amount of $25 million , matures in October 2020 and bears interest at a rate of 3.4% . All of the FHLB advances are secured by a blanket lien granted to the FHLB on RJ Bank’s residential mortgage loan portfolio. The weighted average interest rate on these advances as of December 31, 2016 is 1.1% . (2) Borrowings from the FHLB as of September 30, 2016 are comprised of floating-rate advances which have rates that reset quarterly and total $550 million maturing in September 2018 , and a fixed-rate advance in the amount of $25 million , which matures in October 2020 and bears interest at a rate of 3.4% . (3) Borrowings on secured lines of credit are day-to-day and are generally utilized to finance certain fixed income securities. (4) Mortgage notes payable pertain to mortgage loans on our corporate headquarters offices located in St. Petersburg, Florida. These mortgage loans are secured by land, buildings, and improvements with a net book value of $44 million at December 31, 2016 . These mortgage loans bear interest at 5.7% with repayment terms of monthly interest and principal debt service and have a January 2023 maturity. (5) ClariVest Asset Management, LLC (“ClariVest”), a subsidiary of Eagle, is a party to a revolving line of credit provided by a third party lender (the “ClariVest Facility”). The maximum amount available to borrow under the ClariVest Facility is $500 thousand , bearing interest at a variable rate which is 1% over the lenders prime rate. The ClariVest Facility expires in September 2018 . (6) In August 2015, RJF entered into a revolving credit facility agreement in which the lenders are a number of financial institutions (the “RJF Credit Facility”). This committed unsecured borrowing facility provides for maximum borrowings of up to $300 million , at variable rates of interest, with a facility maturity date in August 2020. There are no borrowings outstanding on the RJF Credit Facility as of either December 31, 2016 or September 30, 2016 . (7) Borrowings on unsecured lines of credit, with the exception of the RJF Credit Facility, are day-to-day and are generally utilized for cash management purposes.

DERIVATIVE FINANCIAL INSTRUME40

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Notional and Fair Value Amounts of Asset and Liability Derivatives, by Balance Sheet Location	See the table below for the notional and fair value amounts of both the asset and liability derivatives. December 31, 2016 September 30, 2016 Asset derivatives Balance sheet location Notional amount Fair value (1) Balance sheet location Notional amount Fair value (1) (in thousands) Derivatives designated as hedging instruments: Forward foreign exchange contracts (2) Prepaid expenses and other assets $ — $ — Prepaid expenses and other assets $ 988,200 (3) $ 1,396 Interest rate contracts (4) Prepaid expenses and other assets $ 650,000 $ 14,844 Prepaid expenses and other assets $ — $ — Derivatives not designated as hedging instruments: Interest rate contracts (5) Trading instruments $ 2,622,124 $ 110,363 Trading instruments $ 2,036,233 $ 153,482 Interest rate contracts (5) Trading instruments $ 135,791 (3) $ 4,567 Trading instruments $ 121,715 (3) $ 9,760 Interest rate contracts (6) Derivative instruments associated with offsetting matched book positions $ 1,462,595 $ 299,393 Derivative instruments associated with offsetting matched book positions $ 1,469,295 $ 422,196 Forward foreign exchange contracts (2) Prepaid expenses and other assets $ — $ — Prepaid expenses and other assets $ 411,300 (3) $ 620 Liability derivatives Derivatives designated as hedging instruments: Interest rate contracts (4) Trade and other payables $ — $ — Trade and other payables $ 550,000 $ 26,671 Forward foreign exchange contracts (2) Trade and other payables $ 997,900 (3) $ 5,680 Trade and other payables $ — $ — Derivatives not designated as hedging instruments: Interest rate contracts (5) Trading instruments sold $ 2,482,299 $ 100,691 Trading instruments sold $ 1,997,100 $ 145,296 Interest rate contracts (5) Trading instruments sold $ 150,576 (3) $ 2,733 Trading instruments sold $ 133,108 (3) $ 6,398 Interest rate contracts (6) Derivative instruments associated with offsetting matched book positions $ 1,462,595 $ 299,393 Derivative instruments associated with offsetting matched book positions $ 1,469,295 $ 422,196 Forward foreign exchange contracts (2) Trade and other payables $ 436,300 (3) $ 2,487 Trade and other payables $ — $ — Forward foreign exchange contracts (2) Trade and other payables $ 29,200 (7) $ 285 Trade and other payables $ — $ — DBRSUs (8) Accrued compensation, commissions and benefits $ 24,144 (9) $ 24,144 (10) Accrued compensation, commissions and benefits $ 17,769 $ 17,769 The text of the footnotes in the above table are on the following page. The text of the footnotes to the table on the previous page are as follows: (1) The fair value in this table is presented on a gross basis before netting of cash collateral and before any netting by counterparty according to our legally enforceable master netting arrangements. The fair value in the Condensed Consolidated Statements of Financial Condition is presented net. See Note 13 for additional information regarding offsetting asset and liability balances. (2) These contracts are associated with RJ Bank’s activities to hedge its foreign currency exposure. (3) The notional amount presented is denominated in Canadian currency. (4) These contracts are associated with our RJ Bank Interest Hedges activities. (5) These contracts arise from our OTC Derivatives Operations. (6) These contracts arise from our Offsetting Matched Book Derivatives Operations. (7) The notional amount presented is denominated in Euro currency. (8) This derivative liability arose from our fiscal year 2016 acquisition of Alex. Brown (see Note 3 for information regarding this acquisition), whereby RJ&A assumed certain DBRSU awards. (9) The notional amount for the DBRSU derivative is the number of outstanding (as of the reporting date) DBRSU awards to be settled in DB common shares multiplied by the end of reporting period DB share price, as traded on the New York Stock Exchange. (10) The fair value of the DBRSU derivative includes both the pre-combination and the post-combination share obligation.
Derivative Gain (Loss) Recognized in Accumulated Other Comprehensive Income	Gains recognized in AOCI, net of income taxes on derivatives are as follows (see Note 16 for additional information): Three months ended December 31, 2016 2015 (in thousands) Forward foreign exchange contracts $ 11,326 $ 12,237 RJ Bank Interest Hedges 25,738 3,265 Total gains recognized in AOCI, net of taxes $ 37,064 $ 15,502
Amount of Gain (Loss) on Derivatives Recognized in Income	The table below sets forth the impact of the derivatives not designated as hedging instruments on the Condensed Consolidated Statements of Income and Comprehensive Income: Location of the impact recognized on derivatives in the Condensed Consolidated Statements of Income and Comprehensive Income Amount recognized during the three months ended December 31, 2016 2015 (in thousands) Derivatives not designated as hedging instruments: Interest rate contracts (1) Net trading profit $ 2,229 $ 408 Interest rate contracts (2) Other (loss) revenues $ (26 ) $ 23 Forward foreign exchange contracts (3) Other revenues $ 7,914 $ 5,558 DBRSUs (4) Compensation, commissions and benefits expense $ 6,725 $ — DBRSUs (5) Acquisition-related expenses $ (350 ) $ — The text of the footnotes in the above table are on the following page. The text of the footnotes to the table on the previous page are as follows: (1) These contracts arise from our OTC Derivatives Operations. (2) These contracts arise from our Offsetting Matched Book Derivatives Operations. (3) These contracts are associated with RJ Bank’s activities to hedge its foreign currency exposure. (4) The derivative arose from our fiscal year 2016 acquisition of Alex. Brown, see the discussion of the circumstances giving rise to this derivative in Note 3 on pages 127 - 129 of our 2016 Form 10-K. The impact of the change in value of the derivative in the current period is a loss , as the DB share price increased. We also hold 900,000 shares of DB as of December 31, 2016 as an economic hedge against this obligation. The increase in value of such DB shares since September 30, 2016 is recorded as a component of compensation, commissions and benefits expense on our Condensed Consolidated Statements of Income and Comprehensive Income, and partially offsets a portion of this loss . (5) Reduction of the DBRSU obligation resulting from forfeitures which occurred during the period.

DISCLOSURE OF OFFSETTING ASSE41

DISCLOSURE OF OFFSETTING ASSETS AND LIABILITIES, COLLATERAL, ENCUMBERED ASSETS, AND REPURCHASE AGREEMENTS (Tables)	3 Months Ended
	Dec. 31, 2016
Disclosure of Offsetting Assets and Liabilities, Collateral, Encumbered Assets and Repurchase Agreements [Abstract]
Offsetting assets	The following table presents information about the financial and derivative instruments that are offset or subject to an enforceable master netting arrangement or other similar agreement as of the dates indicated: Gross amounts not offset in the Statements of Financial Condition Gross amounts of recognized assets (liabilities) Gross amounts offset in the Statements of Financial Condition Net amounts presented in the Statements of Financial Condition Financial instruments Cash (received) paid Net amount (in thousands) As of December 31, 2016: Assets Securities purchased under agreements to resell and other collateralized financings $ 358,493 $ — $ 358,493 $ (358,493 ) (1) $ — $ — Derivatives - interest rate contracts (2) 110,363 (59,010 ) 51,353 (12,687 ) (15,625 ) 23,041 Derivatives - interest rate contracts (3) 4,567 — 4,567 — — 4,567 Derivative instruments associated with offsetting matched book positions 299,393 — 299,393 (299,393 ) (4) — — Derivatives - RJ Bank Interest Hedges (5) 14,844 — 14,844 — — 14,844 Stock borrowed 154,718 — 154,718 (151,060 ) — 3,658 Total assets $ 942,378 $ (59,010 ) $ 883,368 $ (821,633 ) $ (15,625 ) $ 46,110 Liabilities Securities sold under agreements to repurchase $ (203,378 ) $ — $ (203,378 ) $ 203,378 (6) $ — $ — Derivatives - interest rate contracts (2) (100,691 ) 50,358 (50,333 ) 2,858 — (47,475 ) Derivatives - interest rate contracts (3) (2,733 ) — (2,733 ) — — (2,733 ) Derivatives - forward foreign exchange contracts (7) (8,452 ) — (8,452 ) — — (8,452 ) DBRSUs (8) (24,144 ) — (24,144 ) — — (24,144 ) Derivative instruments associated with offsetting matched book positions (299,393 ) — (299,393 ) 299,393 (4) — — Stock loaned (428,600 ) — (428,600 ) 412,803 — (15,797 ) Total liabilities $ (1,067,391 ) $ 50,358 $ (1,017,033 ) $ 918,432 $ — $ (98,601 ) As of September 30, 2016: Assets Securities purchased under agreements to resell and other collateralized financings $ 470,222 $ — $ 470,222 $ (470,222 ) (1) $ — $ — Derivatives - interest rate contracts (2) 153,482 (107,539 ) 45,943 (29,028 ) — 16,915 Derivatives - interest rate contracts (3) 9,760 — 9,760 — — 9,760 Derivatives - forward foreign exchange contracts (7) 2,016 — 2,016 — — 2,016 Derivative instruments associated with offsetting matched book positions 422,196 — 422,196 (422,196 ) (4) — — Stock borrowed 170,860 — 170,860 (167,169 ) — 3,691 Total assets $ 1,228,536 $ (107,539 ) $ 1,120,997 $ (1,088,615 ) $ — $ 32,382 Liabilities Securities sold under agreements to repurchase $ (193,229 ) $ — $ (193,229 ) $ 193,229 (6) $ — $ — Derivatives - interest rate contracts (2) (145,296 ) 142,859 (2,437 ) 2,437 (9) — (9) — Derivatives - interest rate contracts (3) (6,398 ) — (6,398 ) — — (6,398 ) Derivatives - RJ Bank Interest Hedges (26,671 ) — (26,671 ) — 26,671 (10) — DBRSUs (8) (17,769 ) — (17,769 ) — — (17,769 ) Derivative instruments associated with offsetting matched book positions (422,196 ) — (422,196 ) 422,196 (4) — — Stock loaned (677,761 ) — (677,761 ) 664,870 — (12,891 ) Total liabilities $ (1,489,320 ) $ 142,859 $ (1,346,461 ) $ 1,282,732 $ 26,671 $ (37,058 ) The text of the footnotes in the above table are on the following page. The text of the footnotes to the table on the previous page are as follows: (1) We are over-collateralized since the actual amount of financial instruments pledged as collateral for securities purchased under agreements to resell and other collateralized financings amounts to $373 million and $486 million as of December 31, 2016 and September 30, 2016 , respectively. (2) Derivatives - interest rate contracts are included in trading instruments on our Condensed Consolidated Statements of Financial Condition. See Note 12 for additional information. (3) Derivatives - interest rate contracts (in which the notional amount is denominated in Canadian currency) are included in trading instruments on our Condensed Consolidated Statements of Financial Condition. See Note 12 for additional information. (4) Although these derivative arrangements do not meet the definition of a master netting arrangement as specified by GAAP, the nature of the agreement with the third party intermediary include terms that are similar to a master netting agreement, thus we present the offsetting amounts net in this table. See Note 12 for further discussion of the “pass through” structure of the derivative instruments associated with Offsetting Matched Book Derivatives Operations. (5) Derivatives - As of December 31, 2016 , the fair value of the RJ Bank Interest Hedges are in an asset position and are included in prepaid expenses and other assets on our Condensed Consolidated Statements of Financial Condition. See Note 12 for additional information. (6) We are over-collateralized since the actual amount of financial instruments pledged as collateral for securities sold under agreements to repurchase amounts to $210 million and $200 million as of December 31, 2016 and September 30, 2016 , respectively. (7) These contracts are associated with RJ Bank’s activities to hedge its foreign currency exposure. As of December 31, 2016 , the fair values of the forward foreign exchange contract derivatives are in a liability position and are included in trade and other payables on our Condensed Consolidated Statements of Financial Condition. As of September 30, 2016 , the fair value of the forward foreign exchange contract derivatives are in an asset position and are included in prepaid expenses and other assets on our Condensed Consolidated Statements of Financial Condition. See Note 12 for additional information. (8) The derivative arose from our fiscal year 2016 acquisition of Alex. Brown, see the discussion of the circumstances giving rise to this derivative in Note 3 on pages 127 - 129 of our 2016 Form 10-K. As of December 31, 2016 , we hold 900,000 shares of DB with a fair value of $16 million as an economic hedge against the DBRSU obligation. As of September 30, 2016 , such holdings amounted to 900,000 shares of DB with a fair value of $12 million . See additional discussion of the DBRSUs in Note 18 . (9) For the portion of these derivative contracts that are transacted through an exchange, the nature of the agreement with the clearing member exchange include terms that are similar to a master netting agreement, thus we are over-collateralized as of September 30, 2016 since the actual amount of cash and securities deposited with the exchange for these derivative contracts is $8 million . These deposits are a component of deposits with clearing organizations on our Condensed Consolidated Statements of Financial Condition. See Note 12 for additional information. (10) Derivatives - As of September 30, 2016 , the fair value of the RJ Bank Interest Hedges are in a liability position and are included in trade and other payables on our Condensed Consolidated Statements of Financial Condition. See Note 12 for additional information. The RJ Bank Interest Hedges are transacted through an exchange. The nature of the agreement with the clearing member exchange includes terms that are similar to a master netting agreement. As of September 30, 2016 , we are over-collateralized on the RJ Bank Interest Hedges since the actual amount of cash and securities deposited with the exchange for these derivative contracts is $42 million . These deposits are included in deposits with clearing organizations on our Condensed Consolidated Statements of Financial Condition.
Offsetting liabilities	The following table presents information about the financial and derivative instruments that are offset or subject to an enforceable master netting arrangement or other similar agreement as of the dates indicated: Gross amounts not offset in the Statements of Financial Condition Gross amounts of recognized assets (liabilities) Gross amounts offset in the Statements of Financial Condition Net amounts presented in the Statements of Financial Condition Financial instruments Cash (received) paid Net amount (in thousands) As of December 31, 2016: Assets Securities purchased under agreements to resell and other collateralized financings $ 358,493 $ — $ 358,493 $ (358,493 ) (1) $ — $ — Derivatives - interest rate contracts (2) 110,363 (59,010 ) 51,353 (12,687 ) (15,625 ) 23,041 Derivatives - interest rate contracts (3) 4,567 — 4,567 — — 4,567 Derivative instruments associated with offsetting matched book positions 299,393 — 299,393 (299,393 ) (4) — — Derivatives - RJ Bank Interest Hedges (5) 14,844 — 14,844 — — 14,844 Stock borrowed 154,718 — 154,718 (151,060 ) — 3,658 Total assets $ 942,378 $ (59,010 ) $ 883,368 $ (821,633 ) $ (15,625 ) $ 46,110 Liabilities Securities sold under agreements to repurchase $ (203,378 ) $ — $ (203,378 ) $ 203,378 (6) $ — $ — Derivatives - interest rate contracts (2) (100,691 ) 50,358 (50,333 ) 2,858 — (47,475 ) Derivatives - interest rate contracts (3) (2,733 ) — (2,733 ) — — (2,733 ) Derivatives - forward foreign exchange contracts (7) (8,452 ) — (8,452 ) — — (8,452 ) DBRSUs (8) (24,144 ) — (24,144 ) — — (24,144 ) Derivative instruments associated with offsetting matched book positions (299,393 ) — (299,393 ) 299,393 (4) — — Stock loaned (428,600 ) — (428,600 ) 412,803 — (15,797 ) Total liabilities $ (1,067,391 ) $ 50,358 $ (1,017,033 ) $ 918,432 $ — $ (98,601 ) As of September 30, 2016: Assets Securities purchased under agreements to resell and other collateralized financings $ 470,222 $ — $ 470,222 $ (470,222 ) (1) $ — $ — Derivatives - interest rate contracts (2) 153,482 (107,539 ) 45,943 (29,028 ) — 16,915 Derivatives - interest rate contracts (3) 9,760 — 9,760 — — 9,760 Derivatives - forward foreign exchange contracts (7) 2,016 — 2,016 — — 2,016 Derivative instruments associated with offsetting matched book positions 422,196 — 422,196 (422,196 ) (4) — — Stock borrowed 170,860 — 170,860 (167,169 ) — 3,691 Total assets $ 1,228,536 $ (107,539 ) $ 1,120,997 $ (1,088,615 ) $ — $ 32,382 Liabilities Securities sold under agreements to repurchase $ (193,229 ) $ — $ (193,229 ) $ 193,229 (6) $ — $ — Derivatives - interest rate contracts (2) (145,296 ) 142,859 (2,437 ) 2,437 (9) — (9) — Derivatives - interest rate contracts (3) (6,398 ) — (6,398 ) — — (6,398 ) Derivatives - RJ Bank Interest Hedges (26,671 ) — (26,671 ) — 26,671 (10) — DBRSUs (8) (17,769 ) — (17,769 ) — — (17,769 ) Derivative instruments associated with offsetting matched book positions (422,196 ) — (422,196 ) 422,196 (4) — — Stock loaned (677,761 ) — (677,761 ) 664,870 — (12,891 ) Total liabilities $ (1,489,320 ) $ 142,859 $ (1,346,461 ) $ 1,282,732 $ 26,671 $ (37,058 ) The text of the footnotes in the above table are on the following page. The text of the footnotes to the table on the previous page are as follows: (1) We are over-collateralized since the actual amount of financial instruments pledged as collateral for securities purchased under agreements to resell and other collateralized financings amounts to $373 million and $486 million as of December 31, 2016 and September 30, 2016 , respectively. (2) Derivatives - interest rate contracts are included in trading instruments on our Condensed Consolidated Statements of Financial Condition. See Note 12 for additional information. (3) Derivatives - interest rate contracts (in which the notional amount is denominated in Canadian currency) are included in trading instruments on our Condensed Consolidated Statements of Financial Condition. See Note 12 for additional information. (4) Although these derivative arrangements do not meet the definition of a master netting arrangement as specified by GAAP, the nature of the agreement with the third party intermediary include terms that are similar to a master netting agreement, thus we present the offsetting amounts net in this table. See Note 12 for further discussion of the “pass through” structure of the derivative instruments associated with Offsetting Matched Book Derivatives Operations. (5) Derivatives - As of December 31, 2016 , the fair value of the RJ Bank Interest Hedges are in an asset position and are included in prepaid expenses and other assets on our Condensed Consolidated Statements of Financial Condition. See Note 12 for additional information. (6) We are over-collateralized since the actual amount of financial instruments pledged as collateral for securities sold under agreements to repurchase amounts to $210 million and $200 million as of December 31, 2016 and September 30, 2016 , respectively. (7) These contracts are associated with RJ Bank’s activities to hedge its foreign currency exposure. As of December 31, 2016 , the fair values of the forward foreign exchange contract derivatives are in a liability position and are included in trade and other payables on our Condensed Consolidated Statements of Financial Condition. As of September 30, 2016 , the fair value of the forward foreign exchange contract derivatives are in an asset position and are included in prepaid expenses and other assets on our Condensed Consolidated Statements of Financial Condition. See Note 12 for additional information. (8) The derivative arose from our fiscal year 2016 acquisition of Alex. Brown, see the discussion of the circumstances giving rise to this derivative in Note 3 on pages 127 - 129 of our 2016 Form 10-K. As of December 31, 2016 , we hold 900,000 shares of DB with a fair value of $16 million as an economic hedge against the DBRSU obligation. As of September 30, 2016 , such holdings amounted to 900,000 shares of DB with a fair value of $12 million . See additional discussion of the DBRSUs in Note 18 . (9) For the portion of these derivative contracts that are transacted through an exchange, the nature of the agreement with the clearing member exchange include terms that are similar to a master netting agreement, thus we are over-collateralized as of September 30, 2016 since the actual amount of cash and securities deposited with the exchange for these derivative contracts is $8 million . These deposits are a component of deposits with clearing organizations on our Condensed Consolidated Statements of Financial Condition. See Note 12 for additional information. (10) Derivatives - As of September 30, 2016 , the fair value of the RJ Bank Interest Hedges are in a liability position and are included in trade and other payables on our Condensed Consolidated Statements of Financial Condition. See Note 12 for additional information. The RJ Bank Interest Hedges are transacted through an exchange. The nature of the agreement with the clearing member exchange includes terms that are similar to a master netting agreement. As of September 30, 2016 , we are over-collateralized on the RJ Bank Interest Hedges since the actual amount of cash and securities deposited with the exchange for these derivative contracts is $42 million . These deposits are included in deposits with clearing organizations on our Condensed Consolidated Statements of Financial Condition.
Collateral	The table below presents financial instruments at fair value, that we received as collateral, are not included on our Condensed Consolidated Statements of Financial Condition, and that were available to be delivered or repledged, along with the balances of such instruments that were used to deliver or repledge, to satisfy one of our purposes described above: December 31, 2016 September 30, 2016 (in thousands) Collateral we received that is available to be delivered or repledged $ 2,834,781 $ 2,925,335 Collateral that we delivered or repledged $ 1,153,579 (1) $ 1,536,393 (2) (1) The collateral delivered or repledged as of December 31, 2016 , includes client margin securities which we pledged with a clearing organization in the amount of $370 million which were applied against our requirement of $220 million . (2) The collateral delivered or repledged as of September 30, 2016 , includes client margin securities which we pledged with a clearing organization in the amount of $389 million which were applied against our requirement of $203 million .
Encumbered assets	The table below presents information about the fair value of our assets that have been pledged for one of the purposes described above: December 31, 2016 September 30, 2016 (in thousands) Financial instruments owned, at fair value, pledged to counterparties that: Had the right to deliver or repledge $ 394,240 $ 587,369 Did not have the right to deliver or repledge $ 81,632 (1) $ 25,200 (2) (1) Assets delivered or repledged as of December 31, 2016 , includes securities which we pledged with a clearing organization in the amount of $44 million which were applied against our requirement of $220 million (client margin securities we pledged which are described in the preceding table constitute the remainder of the assets pledged to meet the requirement). (2) Assets delivered or repledged as of September 30, 2016 , includes securities which we pledged with a clearing organization in the amount of $19 million which were applied against our requirement of $203 million (client margin securities we pledged which are described in the preceding table constitute the remainder of the assets pledged to meet the requirement).
Transfer of certain financial assets accounted for as secured borrowings	The following table presents the remaining contractual maturity of securities under agreements to repurchase and securities lending transactions accounted for as secured borrowings: Overnight and continuous Up to 30 days 30-90 days Greater than 90 days Total (in thousands) As of December 31, 2016: Repurchase agreements Government and agency obligations $ 95,783 $ — $ — $ — $ 95,783 Agency MBS and CMOs 107,595 — — — 107,595 Total Repurchase Agreements 203,378 — — — 203,378 Securities lending Equity securities 428,600 — — — 428,600 Total $ 631,978 $ — $ — $ — $ 631,978 Gross amounts of recognized liabilities for repurchase agreements and securities lending transactions included in the Offsetting Assets and Liabilities table included within this footnote $ 631,978 Amounts related to repurchase agreements and securities lending transactions not included in the Offsetting Assets and Liabilities table included within this footnote $ — As of September 30, 2016: Repurchase agreements Government and agency obligations $ 92,804 $ 6,252 $ — $ — $ 99,056 Agency MBS and CMOs 92,422 1,751 — — 94,173 Total Repurchase Agreements 185,226 8,003 — — 193,229 Securities lending Equity securities 677,761 — — — 677,761 Total $ 862,987 $ 8,003 $ — $ — $ 870,990 Gross amounts of recognized liabilities for repurchase agreements and securities lending transactions included in the Offsetting Assets and Liabilities table included within this footnote $ 870,990 Amounts related to repurchase agreements and securities lending transactions not included in the Offsetting Assets and Liabilities table included within this footnote $ —

ACCUMULATED OTHER COMPREHENSI42

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	3 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Schedule of Other Comprehensive Income (Loss)	The activity in other comprehensive income (loss), net of the respective tax effect, is as follows: Three months ended December 31, 2016 2015 (in thousands) Unrealized loss on available for sale securities (net of tax) $ (4,146 ) $ (6,791 ) Unrealized gain (loss) on currency translations, net of the impact of net investment hedges (net of tax) 1,001 (6,615 ) Unrealized gain on cash flow hedges (net of tax) 25,738 3,265 Net other comprehensive income (loss) $ 22,593 $ (10,141 )
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table presents the changes, and the related tax effects, of each component of accumulated other comprehensive income (loss) for the three months ended December 31, 2016 and 2015 (in thousands): Net investment hedges (1) Currency translations Sub-total: net investment hedges and currency translations Available for sale securities Cash flow hedges (2) Total Three months ended December 31, 2016 Accumulated other comprehensive income (loss) as of the beginning of the period $ 86,482 $ (121,576 ) $ (35,094 ) $ (4,156 ) $ (16,483 ) $ (55,733 ) Other comprehensive income (loss) before reclassifications and taxes 18,098 (17,756 ) 342 (6,858 ) 39,941 33,425 Amounts reclassified from accumulated other comprehensive income (loss), before tax — 6,537 6,537 (12 ) 1,572 8,097 Pre-tax net other comprehensive income (loss) 18,098 (11,219 ) 6,879 (6,870 ) 41,513 41,522 Income tax effect (6,772 ) 894 (5,878 ) 2,724 (15,775 ) (18,929 ) Net other comprehensive income (loss) for the period, net of tax 11,326 (10,325 ) 1,001 (4,146 ) 25,738 22,593 Accumulated other comprehensive income (loss) as of December 31, 2016 $ 97,808 $ (131,901 ) $ (34,093 ) $ (8,302 ) $ 9,255 $ (33,140 ) Three months ended December 31, 2015 Accumulated other comprehensive income (loss) as of the beginning of the period $ 93,203 $ (130,476 ) $ (37,273 ) $ 1,420 $ (4,650 ) $ (40,503 ) Other comprehensive income (loss) before reclassifications and taxes 19,556 (19,877 ) (321 ) (10,852 ) 3,858 (7,315 ) Amounts reclassified from accumulated other comprehensive income (loss), before tax — — — — 1,408 1,408 Pre-tax net other comprehensive income (loss) 19,556 (19,877 ) (321 ) (10,852 ) 5,266 (5,907 ) Income tax effect (7,319 ) 1,025 (6,294 ) 4,061 (2,001 ) (4,234 ) Net other comprehensive income (loss) for the period, net of tax 12,237 (18,852 ) (6,615 ) (6,791 ) 3,265 (10,141 ) Accumulated other comprehensive income (loss) as of December 31, 2015 $ 105,440 $ (149,328 ) $ (43,888 ) $ (5,371 ) $ (1,385 ) $ (50,644 ) (1) Comprised of forward foreign exchange derivatives associated with hedges of RJ Bank’s foreign currency exposure due to its non-U.S. dollar net investments (see Note 12 for additional information on these derivatives). (2) Represents RJ Bank Interest Hedges (see Note 12 for additional information on these derivatives).
Reclassification out of Accumulated Other Comprehensive Loss	The following table presents the income statement line items impacted by reclassifications out of accumulated other comprehensive income (loss), and the related tax effects, for the three months ended December 31, 2016 and 2015 : Accumulated other comprehensive income (loss) components: Increase (decrease) in amounts reclassified from accumulated other comprehensive income (loss) Affected line items in income statement (in thousands) Three months ended December 31, 2016 RJ Bank available for sale securities $ (12 ) Other revenue RJ Bank Interest Hedges (1) 1,572 Interest expense Currency translations (2) 6,537 Other expense 8,097 Total before tax Income tax effect (3,076 ) Provision for income taxes Total reclassifications for the period $ 5,021 Net of tax Three months ended December 31, 2015 RJ Bank Interest Hedges (1) $ 1,408 Interest expense 1,408 Total before tax Income tax effect (535 ) Provision for income taxes Total reclassifications for the period $ 873 Net of tax (1) See Note 12 for additional information regarding the RJ Bank Interest Hedges, and Note 5 for additional fair value information regarding these derivatives. (2) During the period, we sold our interests in a number of Latin American joint ventures which had operations in Uruguay and Argentina. As a component of our computation of the gain or loss resulting from such sales, we recognized the sold entities’ cumulative currency translation balances which, prior to such reclassification, had been a component of the accumulated other comprehensive loss.

INTEREST INCOME AND INTEREST 43

INTEREST INCOME AND INTEREST EXPENSE (Tables)	3 Months Ended
	Dec. 31, 2016
Interest Income (Expense), Net [Abstract]
Interest Income and Interest Expense	The components of interest income and interest expense are as follows: Three months ended December 31, 2016 2015 (in thousands) Interest income: Margin balances $ 19,981 $ 17,434 Assets segregated pursuant to regulations and other segregated assets 8,129 3,972 Bank loans, net of unearned income 135,525 107,601 Available for sale securities 3,400 1,651 Trading instruments 5,006 4,281 Stock loan 2,732 1,915 Loans to financial advisors 3,308 1,899 Corporate cash and all other 4,701 3,719 Total interest income $ 182,782 $ 142,472 Interest expense: Brokerage client liabilities $ 676 $ 227 Retail bank deposits (1) 2,783 2,019 Trading instruments sold but not yet purchased 1,328 1,191 Stock borrow 1,228 623 Borrowed funds 3,719 2,765 Senior notes 24,699 19,091 Other 1,533 783 Total interest expense 35,966 26,699 Net interest income 146,816 115,773 Add (subtract): benefit (provision) for loan losses 1,040 (13,910 ) Net interest income after benefit (provision) for loan losses $ 147,856 $ 101,863 (1) Excludes interest expense associated with affiliate deposits.

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	3 Months Ended
	Dec. 31, 2016
Stock option awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expense and Income Tax Benefits Related to Awards	Expense and income tax benefits related to our stock options awards granted to employees is presented below: Three months ended December 31, 2016 2015 (in thousands) Total share-based expense $ 2,287 $ 2,565 Income tax benefit related to share-based expense 165 204
Restricted stock and restricted stock units (RSU's)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expense and Income Tax Benefits Related to Awards	Expense and income tax benefits related to our restricted equity awards (which include restricted stock and restricted stock units) granted to employees and members of our Board of Directors are presented below: Three months ended December 31, 2016 2015 (in thousands) Total share-based expense $ 27,650 (1) $ 17,904 Income tax benefit related to share-based expense 10,035 6,360 (1) The total share-based expense in the three months ended December 31, 2016 includes $5 million which is included as a component of acquisition-related expenses on our Condensed Consolidated Statements of Income and Comprehensive Income, see Note 3 for additional information regarding such expense.
U.S. Private Client Services of Deutsche WM | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expense and Income Tax Benefits Related to Awards	The net impact of the DBRSUs in our Condensed Consolidated Statements of Income and Comprehensive Income for the three months ended December 31, 2016 , including the related income tax effects, is presented below: Three months ended December 31, 2016 (in thousands) Amortization of DBRSU prepaid compensation asset $ 1,542 Change in fair value of derivative liability (1) 6,375 Net loss before tax $ 7,917 Income tax expense $ 2,920 (1) Includes the impact of DBRSUs forfeited during three months ended December 31, 2016 .

REGULATIONS AND CAPITAL REQUI45

REGULATIONS AND CAPITAL REQUIREMENTS (Tables)	3 Months Ended
	Dec. 31, 2016
Raymond James Financial Inc
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Summary of Minimum Requirements Under Regulatory Framework	To meet requirements for capital adequacy purposes or to be categorized as “well capitalized,” RJF must maintain minimum Common equity Tier 1, Tier 1 risk-based, Total risk-based, and Tier 1 leverage amounts and ratios as set forth in the table below. Actual Requirement for capital adequacy purposes To be well capitalized under regulatory provisions Amount Ratio Amount Ratio Amount Ratio ($ in thousands) RJF as of December 31, 2016: Common equity Tier 1 capital $ 4,579,075 21.2 % $ 973,639 4.5 % $ 1,406,368 6.5 % Tier 1 capital $ 4,579,075 21.2 % $ 1,298,186 6.0 % $ 1,730,914 8.0 % Total capital $ 4,793,062 22.2 % $ 1,730,914 8.0 % $ 2,163,643 10.0 % Tier 1 leverage $ 4,579,075 14.5 % $ 1,262,106 4.0 % $ 1,577,632 5.0 % RJF as of September 30, 2016: Common equity Tier 1 capital $ 4,421,956 20.6 % $ 966,341 4.5 % $ 1,395,825 6.5 % Tier 1 capital $ 4,421,956 20.6 % $ 1,288,454 6.0 % $ 1,717,939 8.0 % Total capital $ 4,636,009 21.6 % $ 1,717,939 8.0 % $ 2,147,424 10.0 % Tier 1 leverage $ 4,421,956 15.0 % $ 1,177,840 4.0 % $ 1,472,300 5.0 %
RJ Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Summary of Minimum Requirements Under Regulatory Framework	To meet the requirements for capital adequacy or to be categorized as “well capitalized,” RJ Bank must maintain Common equity Tier 1, Tier 1 risk-based, Total risk-based, and Tier 1 leverage amounts and ratios as set forth in the table below. Actual Requirement for capital adequacy purposes To be well capitalized under regulatory provisions Amount Ratio Amount Ratio Amount Ratio ($ in thousands) RJ Bank as of December 31, 2016: Common equity Tier 1 capital $ 1,719,444 12.5 % $ 620,242 4.5 % $ 895,906 6.5 % Tier 1 capital $ 1,719,444 12.5 % $ 826,990 6.0 % $ 1,102,653 8.0 % Total capital $ 1,892,158 13.7 % $ 1,102,653 8.0 % $ 1,378,317 10.0 % Tier 1 leverage $ 1,719,444 9.7 % $ 710,762 4.0 % $ 888,453 5.0 % RJ Bank as of September 30, 2016: Common equity Tier 1 capital $ 1,675,890 12.7 % $ 592,864 4.5 % $ 856,360 6.5 % Tier 1 capital $ 1,675,890 12.7 % $ 790,486 6.0 % $ 1,053,981 8.0 % Total capital $ 1,841,112 14.0 % $ 1,053,981 8.0 % $ 1,317,476 10.0 % Tier 1 leverage $ 1,675,890 9.9 % $ 675,939 4.0 % $ 844,924 5.0 %
Raymond James & Associates Inc
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Net Capital and Risk Adjusted Capital Positions of Certain Businesses and Subsidiaries	The net capital position of our wholly owned broker-dealer subsidiary RJ&A is as follows: As of December 31, 2016 September 30, 2016 ($ in thousands) Raymond James & Associates, Inc.: (Alternative Method elected) Net capital as a percent of aggregate debit items 21.80 % 19.61 % Net capital $ 560,866 $ 512,594 Less: required net capital (51,454 ) (52,287 ) Excess net capital $ 509,412 $ 460,307
Raymond James Financial Services Inc
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Net Capital and Risk Adjusted Capital Positions of Certain Businesses and Subsidiaries	The net capital position of our wholly owned broker-dealer subsidiary RJFS is as follows: As of December 31, 2016 September 30, 2016 (in thousands) Raymond James Financial Services, Inc.: (Alternative Method elected) Net capital $ 26,879 $ 27,013 Less: required net capital (250 ) (250 ) Excess net capital $ 26,629 $ 26,763
Raymond James Ltd
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Net Capital and Risk Adjusted Capital Positions of Certain Businesses and Subsidiaries	The risk adjusted capital of RJ Ltd. is as follows (in Canadian dollars): As of December 31, 2016 September 30, 2016 (in thousands) Raymond James Ltd.: Risk adjusted capital before minimum $ 70,923 $ 77,110 Less: required minimum capital (250 ) (250 ) Risk adjusted capital $ 70,673 $ 76,860

FINANCIAL INSTRUMENTS WITH OF46

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Tables)	3 Months Ended
	Dec. 31, 2016
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK [Abstract]
Summary of Commitments to Extend Credit and Other Credit-Related Off-Balance Sheet Financial Instruments Outstanding	RJ Bank’s commitments to extend credit and other credit-related off-balance sheet financial instruments outstanding are as follows: December 31, 2016 (in thousands) Standby letters of credit $ 34,164 Open-end consumer lines of credit (primarily SBL) 3,937,479 Commercial lines of credit 1,589,736 Unfunded loan commitments 430,707

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	The following table presents the computation of basic and diluted earnings per share: Three months ended December 31, 2016 2015 (in thousands, except per share amounts) Income for basic earnings per common share: Net income attributable to RJF $ 146,567 $ 106,329 Less allocation of earnings and dividends to participating securities (1) (310 ) (238 ) Net income attributable to RJF common shareholders $ 146,257 $ 106,091 Income for diluted earnings per common share: Net income attributable to RJF $ 146,567 $ 106,329 Less allocation of earnings and dividends to participating securities (1) (303 ) (234 ) Net income attributable to RJF common shareholders $ 146,264 $ 106,095 Common shares: Average common shares in basic computation 142,110 143,058 Dilutive effect of outstanding stock options and certain restricted stock units 3,565 3,083 Average common shares used in diluted computation 145,675 146,141 Earnings per common share: Basic $ 1.03 $ 0.74 Diluted $ 1.00 $ 0.73 Stock options and certain restricted stock units excluded from weighted-average diluted common shares because their effect would be antidilutive 2,127 3,170 (1) Represents dividends paid during the period to participating securities plus an allocation of undistributed earnings to participating securities. Participating securities represent unvested restricted stock and certain restricted stock units and amounted to weighted-average shares of 310 thousand and 337 thousand for the three months ended December 31, 2016 and 2015 , respectively. Dividends paid to participating securities were insignificant in the three months ended December 31, 2016 and 2015 . Undistributed earnings are allocated to participating securities based upon their right to share in earnings if all earnings for the period had been distributed.
Dividends per Common Share Declared and Paid	Dividends per common share declared and paid are as follows: Three months ended December 31, 2016 2015 Dividends per common share - declared $ 0.22 $ 0.20 Dividends per common share - paid $ 0.20 $ 0.18

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
Information Concerning Operations on a Segment Basis	Information concerning operations in these segments of business is as follows: Three months ended December 31, 2016 2015 (in thousands) Revenues: Private Client Group $ 1,043,316 $ 874,445 Capital Markets 236,982 228,978 Asset Management 114,096 100,238 RJ Bank 144,517 112,726 Other 15,459 4,400 Intersegment eliminations (25,602 ) (19,930 ) Total revenues (1) $ 1,528,768 $ 1,300,857 Income (loss) excluding noncontrolling interests and before provision for income taxes: Private Client Group $ 73,358 $ 69,140 Capital Markets 21,444 25,168 Asset Management 41,909 33,366 RJ Bank 104,121 65,865 Other (34,453 ) (25,201 ) Pre-tax income excluding noncontrolling interests 206,379 168,338 Add: net income attributable to noncontrolling interests 1,136 1,735 Income including noncontrolling interests and before provision for income taxes $ 207,515 $ 170,073 (1) No individual client accounted for more than ten percent of total revenues in any of the periods presented. Three months ended December 31, 2016 2015 (in thousands) Net interest income (expense): Private Client Group $ 30,387 $ 22,926 Capital Markets 2,508 2,976 Asset Management 63 100 RJ Bank 134,272 106,188 Other (20,414 ) (16,417 ) Net interest income $ 146,816 $ 115,773 The following table presents our total assets on a segment basis: December 31, 2016 September 30, 2016 (in thousands) Total assets: Private Client Group (1) $ 9,740,145 $ 10,317,681 Capital Markets (2) 2,525,142 2,957,319 Asset Management 135,381 133,190 RJ Bank 17,732,326 16,613,391 Other 1,536,396 1,465,395 Total $ 31,669,390 $ 31,486,976 (1) Includes $275 million and $276 million of goodwill at December 31, 2016 and September 30, 2016 , respectively. (2) Includes $132 million and $133 million of goodwill at December 31, 2016 and September 30, 2016 , respectively.
Revenues, Income Before Provision for Income Taxes and Excluding Noncontrolling Interests, and Total Assets, Classified by Major Geographic Areas	Revenues and income before provision for income taxes and excluding noncontrolling interests, classified by major geographic areas in which they are earned, are as follows: Three months ended December 31, 2016 2015 (in thousands) Revenues: United States $ 1,416,281 $ 1,204,250 Canada 84,845 61,849 Europe 22,970 23,533 Other 4,672 11,225 Total $ 1,528,768 $ 1,300,857 Pre-tax income (loss) excluding noncontrolling interests: United States $ 214,205 $ 161,859 Canada (1,537 ) 5,070 Europe (2,688 ) (446 ) Other (3,601 ) 1,855 Total $ 206,379 $ 168,338 Our total assets, classified by major geographic area in which they are held, are presented below: December 31, 2016 September 30, 2016 (in thousands) Total assets: United States (1) $ 29,323,951 $ 29,112,182 Canada (2) 2,261,577 2,275,056 Europe (3) 59,251 61,067 Other 24,611 38,671 Total $ 31,669,390 $ 31,486,976 (1) Includes $356 million of goodwill at December 31, 2016 and September 30, 2016 . (2) Includes $42 million and $43 million of goodwill at December 31, 2016 and September 30, 2016 , respectively. (3) Includes $9 million of goodwill at both December 31, 2016 and September 30, 2016 .

INTRODUCTION AND BASIS OF PRE49

INTRODUCTION AND BASIS OF PRESENTATION (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Sep. 30, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Assets	$ 31,669,390	$ 31,486,976
Liabilities	26,464,789	26,424,000
Noncontrolling interests	123,724	146,431
Retained earnings	$ 3,947,074	3,834,781
Percent ownership of subsidiaries that are consolidated (in hundredths)	100.00%
Cumulative-Effect Adjustment, Deconsolidation of Variable Interest Entity
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Assets		(107,000)
Liabilities		(20,000)
Noncontrolling interests		(89,000)
Retained earnings		$ 2,000

UPDATE OF SIGNIFICANT ACCOUNT50

UPDATE OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Millions	Dec. 31, 2016	Sep. 30, 2016
Brokerage client receivables, loans to financial advisors and allowance for doubtful accounts [Abstract]
Loans associated with financial advisors no longer affiliated with us, gross	$ 19	$ 13
Loans associated with financial advisors no longer affiliated with us, allowance	$ 6	$ 5

ACQUISITIONS, Acquisition Relat

ACQUISITIONS, Acquisition Related Expenses (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Total acquisition-related net expenses	$ 12,666	$ 1,872
Acquisition and integration related incentive compensation costs(1)
Business Acquisition [Line Items]
Acquisition-related expenses	5,474	0
Severance
Business Acquisition [Line Items]
Acquisition-related expenses	4,803	0
Early termination costs of assumed contracts
Business Acquisition [Line Items]
Acquisition-related expenses	1,324	0
Information systems integration costs
Business Acquisition [Line Items]
Acquisition-related expenses	1,205	0
Legal and regulatory
Business Acquisition [Line Items]
Acquisition-related expenses	553	1,501
Post-closing purchase price contingency (favorable) interim determination computed as of the end of the period
Business Acquisition [Line Items]
Acquisition-related gains	(2,251)	0
Pre-Alex. Brown closing date unrealized loss in the fair value of DB shares purchased to satisfy the DBRSU liability
Business Acquisition [Line Items]
Acquisition-related expenses	0	154
Travel and all other
Business Acquisition [Line Items]
Acquisition-related expenses	$ 1,558	$ 217

CASH AND CASH EQUIVALENTS, AS52

CASH AND CASH EQUIVALENTS, ASSETS SEGREGATED PURSUANT TO REGULATIONS, AND DEPOSITS WITH CLEARING ORGANIZATIONS (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Cash and cash equivalents:
Cash in banks	$ 2,527,731	$ 1,649,593
Money market fund investments	544	859
Total cash and cash equivalents	2,528,275	1,650,452	$ 2,596,388	$ 2,601,006
Assets segregated pursuant to federal regulations and other segregated assets	3,867,999	4,884,487
Deposits with clearing organizations:
Cash and cash equivalents	145,629	215,856
Government and agency obligations	53,227	29,508
Total deposits with clearing organizations	198,856	245,364
Raymond James Financial Inc
Deposits with clearing organizations:
Amount of cash and cash equivalents either held directly, held in a depository account, or are invested on behalf of Parent and available without restriction	$ 1,160,000	$ 810,000

FAIR VALUE, Recurring and Nonre

FAIR VALUE, Recurring and Nonrecurring Fair Value Measurements (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016
Assets, Fair Value Disclosure
Total debt securities	$ 398,618	$ 655,737
Derivative contracts	55,920	55,703
Equity securities	17,817	16,029
Brokered certificates of deposit	34,349	35,206
Other	11,088	4,130
Total trading instruments	517,792	766,805
Available for sale securities	1,163,524	859,398
Derivative instruments associated with offsetting matched book positions	299,393	422,196
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	203,904	301,721
Derivative contracts	53,066	8,835
Equity securities	3,373	18,382
Other securities	200	0
Trading instruments sold but not yet purchased	260,543	328,938
Derivative instruments associated with offsetting matched book positions	299,393	422,196
Transfers of Financial Instruments into (out of) Level 1 and 2 [Abstract]
Fair value of financial instruments, level 1 to level 2 transfers	1,000	3,000
Fair value of financial instruments, level 2 to level 1 transfers	1,000	1,000
Private Equity Investments [Abstract]
Portion of significant private equity investments included in noncontrolling interests	$ 199,438	$ 194,634
Financial Instruments,Weighted Average Percentage Owned, Investments Excluding Net Asset Value	68.00%	68.00%
Private equity investments, weighted average percentage owned		74.00%
Adjustments to fair value of nonrecurring fair value measurements [Abstract]
Additional provision for loan losses due to fair value adjustment	$ 1,000
Quoted prices in active markets for identical assets (Level 1)
Assets, Fair Value Disclosure
Total bank loans, net	0	$ 0
Significant other observable inputs (Level 2)
Assets, Fair Value Disclosure
Total bank loans, net	160,811	196,109
Significant unobservable inputs (level 3)
Assets, Fair Value Disclosure
Total bank loans, net	15,417,900	14,925,802
Recurring
Assets, Fair Value Disclosure
Total debt securities	398,618	655,737
Netting adjustments	(59,010)	(107,539)
Equity securities	17,817	16,029
Brokered certificates of deposit	34,349	35,206
Other	11,088	4,130
Total trading instruments	517,792	766,805
Available for sale securities	1,163,524	859,398
Other investments	252,731	296,844
Government and agency obligations	53,227	29,508
Total assets at fair value on a recurring basis	2,384,977	2,462,380
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	203,904	301,721
Netting adjustments	(50,358)	(142,859)
Equity securities	3,373	18,382
Other securities	200
Trading instruments sold but not yet purchased	260,543	328,938
Total liabilities at fair value on a recurring basis	594,388	795,641
Adjustments to fair value of nonrecurring fair value measurements [Abstract]
Other investments with obligations to perform under deferred compensation plan	80,000	77,000
Recurring | Municipal and provincial obligations
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	598	1,161
Recurring | Corporate obligations
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	19,570	31,074
Recurring | Government obligations
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	177,323	266,682
Recurring | Agency MBS and CMOs
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	1,144	2,804
Recurring | Non-agency MBS & CMOs
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	5,269
Recurring | Trade and other payables
Liabilities, Fair Value Disclosure [Abstract]
Other liabilities	1,856	67
Total trade and other payables	10,308	26,738
Recurring | Municipal and provincial obligations
Assets, Fair Value Disclosure
Total debt securities	116,230	274,163
Recurring | Corporate obligations
Assets, Fair Value Disclosure
Total debt securities	64,892	132,885
Recurring | Government and agency obligations
Assets, Fair Value Disclosure
Total debt securities	48,588	49,598
Recurring | Agency MBS and CMOs
Assets, Fair Value Disclosure
Total debt securities	125,664	164,663
Available for sale securities	992,994	682,297
Recurring | Non-agency CMOs and ABS
Assets, Fair Value Disclosure
Total debt securities	43,244	34,428
Recurring | Non-agency CMOs
Assets, Fair Value Disclosure
Available for sale securities	39,915	50,519
Recurring | Other securities
Assets, Fair Value Disclosure
Available for sale securities	1,398	1,417
Recurring | ARS municipal obligations
Assets, Fair Value Disclosure
Available for sale securities	25,364	25,147
Recurring | ARS - preferred securities
Assets, Fair Value Disclosure
Available for sale securities	103,853	100,018
Recurring | Other assets
Assets, Fair Value Disclosure
Other assets		2,448
Total other assets		4,464
Recurring | Quoted prices in active markets for identical assets (Level 1)
Assets, Fair Value Disclosure
Total debt securities	22,277	17,305
Equity securities	15,879	14,529
Brokered certificates of deposit	0	0
Other	36	555
Total trading instruments	38,192	32,389
Available for sale securities	1,398	1,417
Other investments	252,188	296,146
Government and agency obligations	53,227	29,508
Total assets at fair value on a recurring basis	345,005	359,460
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	180,331	271,930
Equity securities	3,363	18,382
Other securities	0
Trading instruments sold but not yet purchased	183,694	290,312
Total liabilities at fair value on a recurring basis	183,694	290,312
Recurring | Quoted prices in active markets for identical assets (Level 1) | Municipal and provincial obligations
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	287	1,161
Recurring | Quoted prices in active markets for identical assets (Level 1) | Corporate obligations
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	1,577	1,283
Recurring | Quoted prices in active markets for identical assets (Level 1) | Government obligations
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	177,323	266,682
Recurring | Quoted prices in active markets for identical assets (Level 1) | Agency MBS and CMOs
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	1,144	2,804
Recurring | Quoted prices in active markets for identical assets (Level 1) | Non-agency MBS & CMOs
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	0
Recurring | Quoted prices in active markets for identical assets (Level 1) | Trade and other payables
Liabilities, Fair Value Disclosure [Abstract]
Other liabilities	0	0
Total trade and other payables	0	0
Recurring | Quoted prices in active markets for identical assets (Level 1) | Municipal and provincial obligations
Assets, Fair Value Disclosure
Total debt securities	87	480
Recurring | Quoted prices in active markets for identical assets (Level 1) | Corporate obligations
Assets, Fair Value Disclosure
Total debt securities	6,301	10,000
Recurring | Quoted prices in active markets for identical assets (Level 1) | Government and agency obligations
Assets, Fair Value Disclosure
Total debt securities	6,412	6,412
Recurring | Quoted prices in active markets for identical assets (Level 1) | Agency MBS and CMOs
Assets, Fair Value Disclosure
Total debt securities	9,477	413
Available for sale securities	0	0
Recurring | Quoted prices in active markets for identical assets (Level 1) | Non-agency CMOs and ABS
Assets, Fair Value Disclosure
Total debt securities	0	0
Recurring | Quoted prices in active markets for identical assets (Level 1) | Non-agency CMOs
Assets, Fair Value Disclosure
Available for sale securities	0	0
Recurring | Quoted prices in active markets for identical assets (Level 1) | Other securities
Assets, Fair Value Disclosure
Available for sale securities	1,398	1,417
Recurring | Quoted prices in active markets for identical assets (Level 1) | ARS municipal obligations
Assets, Fair Value Disclosure
Available for sale securities	0	0
Recurring | Quoted prices in active markets for identical assets (Level 1) | ARS - preferred securities
Assets, Fair Value Disclosure
Available for sale securities	0	0
Recurring | Quoted prices in active markets for identical assets (Level 1) | Other assets
Assets, Fair Value Disclosure
Other assets		0
Total other assets		0
Recurring | Significant other observable inputs (Level 2)
Assets, Fair Value Disclosure
Total debt securities	376,334	638,425
Equity securities	1,938	1,500
Brokered certificates of deposit	34,349	35,206
Other	0	3
Total trading instruments	527,551	838,376
Available for sale securities	1,032,909	732,816
Other investments	320	257
Government and agency obligations	0	0
Total assets at fair value on a recurring basis	1,875,017	1,995,661
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	23,573	29,791
Equity securities	10	0
Other securities	200
Trading instruments sold but not yet purchased	127,207	181,485
Total liabilities at fair value on a recurring basis	459,196	648,121
Recurring | Significant other observable inputs (Level 2) | Municipal and provincial obligations
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	311	0
Recurring | Significant other observable inputs (Level 2) | Corporate obligations
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	17,993	29,791
Recurring | Significant other observable inputs (Level 2) | Government obligations
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	0	0
Recurring | Significant other observable inputs (Level 2) | Agency MBS and CMOs
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	0	0
Recurring | Significant other observable inputs (Level 2) | Non-agency MBS & CMOs
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	5,269
Recurring | Significant other observable inputs (Level 2) | Trade and other payables
Liabilities, Fair Value Disclosure [Abstract]
Other liabilities	0	0
Total trade and other payables	8,452	26,671
Recurring | Significant other observable inputs (Level 2) | Municipal and provincial obligations
Assets, Fair Value Disclosure
Total debt securities	116,143	273,683
Recurring | Significant other observable inputs (Level 2) | Corporate obligations
Assets, Fair Value Disclosure
Total debt securities	58,591	122,885
Recurring | Significant other observable inputs (Level 2) | Government and agency obligations
Assets, Fair Value Disclosure
Total debt securities	42,176	43,186
Recurring | Significant other observable inputs (Level 2) | Agency MBS and CMOs
Assets, Fair Value Disclosure
Total debt securities	116,187	164,250
Available for sale securities	992,994	682,297
Recurring | Significant other observable inputs (Level 2) | Non-agency CMOs and ABS
Assets, Fair Value Disclosure
Total debt securities	43,237	34,421
Recurring | Significant other observable inputs (Level 2) | Non-agency CMOs
Assets, Fair Value Disclosure
Available for sale securities	39,915	50,519
Recurring | Significant other observable inputs (Level 2) | Other securities
Assets, Fair Value Disclosure
Available for sale securities	0	0
Recurring | Significant other observable inputs (Level 2) | ARS municipal obligations
Assets, Fair Value Disclosure
Available for sale securities	0	0
Recurring | Significant other observable inputs (Level 2) | ARS - preferred securities
Assets, Fair Value Disclosure
Available for sale securities	0	0
Recurring | Significant other observable inputs (Level 2) | Other assets
Assets, Fair Value Disclosure
Other assets		0
Total other assets		2,016
Recurring | Significant unobservable inputs (level 3)
Assets, Fair Value Disclosure
Total debt securities	7	7
Equity securities	0	0
Brokered certificates of deposit	0	0
Other	11,052	3,572
Total trading instruments	11,059	3,579
Available for sale securities	129,217	125,165
Other investments	223	441
Government and agency obligations	0	0
Total assets at fair value on a recurring basis	223,965	214,798
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	0	0
Equity securities	0	0
Other securities	0
Trading instruments sold but not yet purchased	0	0
Total liabilities at fair value on a recurring basis	1,856	67
Recurring | Significant unobservable inputs (level 3) | Municipal and provincial obligations
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	0	0
Recurring | Significant unobservable inputs (level 3) | Corporate obligations
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	0	0
Recurring | Significant unobservable inputs (level 3) | Government obligations
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	0	0
Recurring | Significant unobservable inputs (level 3) | Agency MBS and CMOs
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	0	0
Recurring | Significant unobservable inputs (level 3) | Non-agency MBS & CMOs
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	0
Recurring | Significant unobservable inputs (level 3) | Trade and other payables
Liabilities, Fair Value Disclosure [Abstract]
Other liabilities	1,856	67
Total trade and other payables	1,856	67
Recurring | Significant unobservable inputs (level 3) | Municipal and provincial obligations
Assets, Fair Value Disclosure
Total debt securities	0	0
Recurring | Significant unobservable inputs (level 3) | Corporate obligations
Assets, Fair Value Disclosure
Total debt securities	0	0
Recurring | Significant unobservable inputs (level 3) | Government and agency obligations
Assets, Fair Value Disclosure
Total debt securities	0	0
Recurring | Significant unobservable inputs (level 3) | Agency MBS and CMOs
Assets, Fair Value Disclosure
Total debt securities	0	0
Available for sale securities	0	0
Recurring | Significant unobservable inputs (level 3) | Non-agency CMOs and ABS
Assets, Fair Value Disclosure
Total debt securities	7	7
Recurring | Significant unobservable inputs (level 3) | Non-agency CMOs
Assets, Fair Value Disclosure
Available for sale securities	0	0
Recurring | Significant unobservable inputs (level 3) | Other securities
Assets, Fair Value Disclosure
Available for sale securities	0	0
Recurring | Significant unobservable inputs (level 3) | ARS municipal obligations
Assets, Fair Value Disclosure
Available for sale securities	25,364	25,147
Recurring | Significant unobservable inputs (level 3) | ARS - preferred securities
Assets, Fair Value Disclosure
Available for sale securities	103,853	100,018
Recurring | Significant unobservable inputs (level 3) | Other assets
Assets, Fair Value Disclosure
Other assets		2,448
Total other assets		2,448
Recurring | Interest rate contract
Assets, Fair Value Disclosure
Netting adjustments	(59,010)	(107,539)
Derivative contracts	55,920	55,703
Derivative instruments associated with offsetting matched book positions	299,393	422,196
Liabilities, Fair Value Disclosure [Abstract]
Netting adjustments	(50,358)	(142,859)
Derivative contracts	53,066	8,835
Derivative instruments associated with offsetting matched book positions	299,393	422,196
Recurring | Interest rate contract | Trade and other payables
Liabilities, Fair Value Disclosure [Abstract]
Derivative contracts	8,452	26,671
Recurring | Interest rate contract | Other assets
Assets, Fair Value Disclosure
Derivative contracts	14,844
Recurring | Interest rate contract | Quoted prices in active markets for identical assets (Level 1)
Assets, Fair Value Disclosure
Derivative contracts	0	0
Derivative instruments associated with offsetting matched book positions	0	0
Liabilities, Fair Value Disclosure [Abstract]
Derivative contracts	0	0
Derivative instruments associated with offsetting matched book positions	0	0
Recurring | Interest rate contract | Quoted prices in active markets for identical assets (Level 1) | Trade and other payables
Liabilities, Fair Value Disclosure [Abstract]
Derivative contracts	0	0
Recurring | Interest rate contract | Quoted prices in active markets for identical assets (Level 1) | Other assets
Assets, Fair Value Disclosure
Derivative contracts	0
Recurring | Interest rate contract | Significant other observable inputs (Level 2)
Assets, Fair Value Disclosure
Derivative contracts	114,930	163,242
Derivative instruments associated with offsetting matched book positions	299,393	422,196
Liabilities, Fair Value Disclosure [Abstract]
Derivative contracts	103,424	151,694
Derivative instruments associated with offsetting matched book positions	299,393	422,196
Recurring | Interest rate contract | Significant other observable inputs (Level 2) | Trade and other payables
Liabilities, Fair Value Disclosure [Abstract]
Derivative contracts	8,452	26,671
Recurring | Interest rate contract | Significant other observable inputs (Level 2) | Other assets
Assets, Fair Value Disclosure
Derivative contracts	14,844
Recurring | Interest rate contract | Significant unobservable inputs (level 3)
Assets, Fair Value Disclosure
Derivative contracts	0	0
Derivative instruments associated with offsetting matched book positions	0	0
Liabilities, Fair Value Disclosure [Abstract]
Derivative contracts	0	0
Derivative instruments associated with offsetting matched book positions	0	0
Recurring | Interest rate contract | Significant unobservable inputs (level 3) | Trade and other payables
Liabilities, Fair Value Disclosure [Abstract]
Derivative contracts	0	0
Recurring | Interest rate contract | Significant unobservable inputs (level 3) | Other assets
Assets, Fair Value Disclosure
Derivative contracts	0
Recurring | Forward foreign exchange contracts | Other assets
Assets, Fair Value Disclosure
Derivative contracts		2,016
Recurring | Forward foreign exchange contracts | Quoted prices in active markets for identical assets (Level 1) | Other assets
Assets, Fair Value Disclosure
Derivative contracts		0
Recurring | Forward foreign exchange contracts | Significant other observable inputs (Level 2) | Other assets
Assets, Fair Value Disclosure
Derivative contracts		2,016
Recurring | Forward foreign exchange contracts | Significant unobservable inputs (level 3) | Other assets
Assets, Fair Value Disclosure
Derivative contracts		0
Recurring | DBRSU derivative
Adjustments to fair value of nonrecurring fair value measurements [Abstract]
Other investments, fair value disclosures, share based compensation economic hedge	16,000	12,000
Recurring | DBRSU derivative | Accrued compensation, commissions and benefits
Liabilities, Fair Value Disclosure [Abstract]
Derivative contracts	24,144	17,769
Recurring | DBRSU derivative | Quoted prices in active markets for identical assets (Level 1) | Accrued compensation, commissions and benefits
Liabilities, Fair Value Disclosure [Abstract]
Derivative contracts	0	0
Recurring | DBRSU derivative | Significant other observable inputs (Level 2) | Accrued compensation, commissions and benefits
Liabilities, Fair Value Disclosure [Abstract]
Derivative contracts	24,144	17,769
Recurring | DBRSU derivative | Significant unobservable inputs (level 3) | Accrued compensation, commissions and benefits
Liabilities, Fair Value Disclosure [Abstract]
Derivative contracts	0	0
Nonrecurring
Assets, Fair Value Disclosure
Total bank loans, net	82,899	89,305
Other real estate owned (OREO)	1,118	679
Total assets at fair value on a nonrecurring basis	84,017	89,984
Nonrecurring | Impaired loans
Assets, Fair Value Disclosure
Total bank loans, net	61,494	71,128
Nonrecurring | Loans held for sale
Assets, Fair Value Disclosure
Total bank loans, net	21,405	18,177
Nonrecurring | Quoted prices in active markets for identical assets (Level 1)
Assets, Fair Value Disclosure
Total bank loans, net	0	0
Other real estate owned (OREO)	0	0
Total assets at fair value on a nonrecurring basis	0	0
Nonrecurring | Quoted prices in active markets for identical assets (Level 1) | Impaired loans
Assets, Fair Value Disclosure
Total bank loans, net	0	0
Nonrecurring | Quoted prices in active markets for identical assets (Level 1) | Loans held for sale
Assets, Fair Value Disclosure
Total bank loans, net	0	0
Nonrecurring | Significant other observable inputs (Level 2)
Assets, Fair Value Disclosure
Total bank loans, net	42,449	41,323
Other real estate owned (OREO)	1,118	679
Total assets at fair value on a nonrecurring basis	43,567	42,002
Nonrecurring | Significant other observable inputs (Level 2) | Impaired loans
Assets, Fair Value Disclosure
Total bank loans, net	21,044	23,146
Nonrecurring | Significant other observable inputs (Level 2) | Loans held for sale
Assets, Fair Value Disclosure
Total bank loans, net	21,405	18,177
Nonrecurring | Significant unobservable inputs (level 3)
Assets, Fair Value Disclosure
Total bank loans, net	40,450	47,982
Other real estate owned (OREO)	0	0
Total assets at fair value on a nonrecurring basis	40,450	47,982
Nonrecurring | Significant unobservable inputs (level 3) | Impaired loans
Assets, Fair Value Disclosure
Total bank loans, net	40,450	47,982
Nonrecurring | Significant unobservable inputs (level 3) | Loans held for sale
Assets, Fair Value Disclosure
Total bank loans, net	0	0
Private Equity Funds | Recurring
Private Equity Investments [Abstract]
Portion of significant private equity investments included in noncontrolling interests	199,438	194,634
Private equity investments at fair value	83,466	83,165
Private Equity Funds | Recurring | Quoted prices in active markets for identical assets (Level 1)
Private Equity Investments [Abstract]
Private equity investments at fair value	0	0
Private Equity Funds | Recurring | Significant other observable inputs (Level 2)
Private Equity Investments [Abstract]
Private equity investments at fair value	0	0
Private Equity Funds | Recurring | Significant unobservable inputs (level 3)
Private Equity Investments [Abstract]
Private equity investments at fair value	83,466	83,165
Private Equity Funds | Noncontrolling Interest | Recurring
Private Equity Investments [Abstract]
Portion of significant private equity investments included in noncontrolling interests	51,000	51,000
Private Equity Funds | Noncontrolling Interest | Recurring | Significant unobservable inputs (level 3)
Private Equity Investments [Abstract]
Private equity investments at fair value	$ 26,000	26,000
Private Equity Funds | Total equity attributable to Raymond James Financial, Inc.
Private Equity Investments [Abstract]
Private equity investments, weighted average percentage owned	74.00%
Private Equity Funds | Total equity attributable to Raymond James Financial, Inc. | Recurring
Private Equity Investments [Abstract]
Portion of significant private equity investments included in noncontrolling interests	$ 148,000	144,000
Private Equity Funds | Total equity attributable to Raymond James Financial, Inc. | Recurring | Significant unobservable inputs (level 3)
Private Equity Investments [Abstract]
Private equity investments at fair value	$ 57,000	$ 57,000

FAIR VALUE, Level 3 Financial A

FAIR VALUE, Level 3 Financial Assets and Liabilities, Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Sep. 30, 2016
Percentage of instruments measured at fair value on a recurring basis
Instruments measured at fair value, percentage of assets (in hundredths)	8.00%		7.00%
Instruments measured at fair value, percentage of liabilities (in hundredths)	2.00%		3.00%
Instruments measured at fair value, level 3, percentage of assets (in hundredths)	9.00%		12.00%
Percentage Increase (decrease) of level 3 financial instruments from prior year period (in hundredths)	(3.00%)
Payables-trade and other | Other liabilities
Changes in Level 3 recurring fair value measurements, liabilities [Roll Forward]
Fair value at beginning of period	$ (67)	$ (58)
Total gains (losses) for the period:
Included in earnings	(1,789)	(9)
Included in other comprehensive income	0	0
Purchases and contributions	0	0
Sales	0	0
Redemptions by issuer	0	0
Distributions	0	0
Transfers:
Into level 3	0	0
Out of level 3	0	0
Fair value at end of period	(1,856)	(67)
Change in unrealized gains (losses) for the period included in earnings (or changes in net assets/liabilities) for assets/liabilities held at the end of the reporting period
Change in unrealized gains (losses) for the period included in earnings (or changes in net liabilities) for liabilities held at the end of the reporting period	(4,240)	0
Trading instruments | Corporate obligations
Changes in Level 3 recurring fair value measurements, assets [Roll Forward]
Fair value at beginning of period		156
Total gains (losses) for the period:
Included in earnings		(40)
Included in other comprehensive income		0
Purchases and contributions		73
Sales		0
Redemptions by issuer		0
Distributions		0
Transfers:
Into Level 3		0
Out of Level 3		0
Fair value at end of period		189
Change in unrealized gains (losses) for the period included in earnings (or changes in net assets/liabilities) for assets/liabilities held at the end of the reporting period
Change in unrealized gains (losses) for the period included in earnings (or changes in net assets) for assets held at the end of the reporting period		(40)
Trading instruments | Non-agency CMOs and ABS
Changes in Level 3 recurring fair value measurements, assets [Roll Forward]
Fair value at beginning of period	7	9
Total gains (losses) for the period:
Included in earnings	0	0
Included in other comprehensive income	0	0
Purchases and contributions	0	0
Sales	0	0
Redemptions by issuer	0	0
Distributions	0	0
Transfers:
Into Level 3	0	0
Out of Level 3	0	0
Fair value at end of period	7	9
Change in unrealized gains (losses) for the period included in earnings (or changes in net assets/liabilities) for assets/liabilities held at the end of the reporting period
Change in unrealized gains (losses) for the period included in earnings (or changes in net assets) for assets held at the end of the reporting period	0	0
Trading instruments | Other
Changes in Level 3 recurring fair value measurements, assets [Roll Forward]
Fair value at beginning of period	3,572	1,986
Total gains (losses) for the period:
Included in earnings	(141)	(249)
Included in other comprehensive income	0	0
Purchases and contributions	18,683	19,017
Sales	(11,062)	(18,790)
Redemptions by issuer	0	0
Distributions	0	0
Transfers:
Into Level 3	0	0
Out of Level 3	0	0
Fair value at end of period	11,052	1,964
Change in unrealized gains (losses) for the period included in earnings (or changes in net assets/liabilities) for assets/liabilities held at the end of the reporting period
Change in unrealized gains (losses) for the period included in earnings (or changes in net assets) for assets held at the end of the reporting period	(124)	(11)
Available for sale securities | ARS municipal obligations
Changes in Level 3 recurring fair value measurements, assets [Roll Forward]
Fair value at beginning of period	25,147	28,015
Total gains (losses) for the period:
Included in earnings	0	0
Included in other comprehensive income	217	(535)
Purchases and contributions	0	0
Sales	0	0
Redemptions by issuer	0	0
Distributions	0	0
Transfers:
Into Level 3	0	0
Out of Level 3	0	0
Fair value at end of period	25,364	27,480
Change in unrealized gains (losses) for the period included in earnings (or changes in net assets/liabilities) for assets/liabilities held at the end of the reporting period
Change in unrealized gains (losses) for the period included in earnings (or changes in net assets) for assets held at the end of the reporting period	217	0
Available for sale securities | ARS - preferred securities
Changes in Level 3 recurring fair value measurements, assets [Roll Forward]
Fair value at beginning of period	100,018	110,749
Total gains (losses) for the period:
Included in earnings	1	0
Included in other comprehensive income	3,857	(7,850)
Purchases and contributions	0	0
Sales	(23)	0
Redemptions by issuer	0	0
Distributions	0	0
Transfers:
Into Level 3	0	0
Out of Level 3	0	0
Fair value at end of period	103,853	102,899
Change in unrealized gains (losses) for the period included in earnings (or changes in net assets/liabilities) for assets/liabilities held at the end of the reporting period
Change in unrealized gains (losses) for the period included in earnings (or changes in net assets) for assets held at the end of the reporting period	3,856	0
Private equity, other investments and other assets | Private equity investments
Changes in Level 3 recurring fair value measurements, assets [Roll Forward]
Fair value at beginning of period	83,165	77,435
Total gains (losses) for the period:
Included in earnings	301	0
Included in other comprehensive income	0	0
Purchases and contributions	0	915
Sales	0	(18)
Redemptions by issuer	0	0
Distributions	0	(18)
Transfers:
Into Level 3	0	0
Out of Level 3	0	0
Fair value at end of period	83,466	78,314
Change in unrealized gains (losses) for the period included in earnings (or changes in net assets/liabilities) for assets/liabilities held at the end of the reporting period
Change in unrealized gains (losses) for the period included in earnings (or changes in net assets) for assets held at the end of the reporting period	301	0
Private equity, other investments and other assets | Other investments
Changes in Level 3 recurring fair value measurements, assets [Roll Forward]
Fair value at beginning of period	441	565
Total gains (losses) for the period:
Included in earnings	(8)	(7)
Included in other comprehensive income	0	0
Purchases and contributions	0	0
Sales	0	0
Redemptions by issuer	(15)	0
Distributions	0	(65)
Transfers:
Into Level 3	0	0
Out of Level 3	(195)	0
Fair value at end of period	223	493
Change in unrealized gains (losses) for the period included in earnings (or changes in net assets/liabilities) for assets/liabilities held at the end of the reporting period
Change in unrealized gains (losses) for the period included in earnings (or changes in net assets) for assets held at the end of the reporting period	0	(7)
Private equity, other investments and other assets | Other assets
Changes in Level 3 recurring fair value measurements, assets [Roll Forward]
Fair value at beginning of period	2,448	4,975
Total gains (losses) for the period:
Included in earnings	(2,448)	(3,449)
Included in other comprehensive income	0	0
Purchases and contributions	0	0
Sales	0	0
Redemptions by issuer	0	0
Distributions	0	0
Transfers:
Into Level 3	0	0
Out of Level 3	0	0
Fair value at end of period	0	1,526
Change in unrealized gains (losses) for the period included in earnings (or changes in net assets/liabilities) for assets/liabilities held at the end of the reporting period
Change in unrealized gains (losses) for the period included in earnings (or changes in net assets) for assets held at the end of the reporting period	$ 0	$ (3,449)

FAIR VALUE, Gains and Losses (R

FAIR VALUE, Gains and Losses (Realized and Unrealized) Included in Revenues (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Other Comprehensive Income
Gains and Losses (Realized and Unrealized) Included in Revenues [Line Items]
Total (losses) gains included in earnings	$ 4,074	$ (8,385)
Change in unrealized (losses) gains for assets held at the end of the reporting period	4,073	0
Net trading profit
Gains and Losses (Realized and Unrealized) Included in Revenues [Line Items]
Total (losses) gains included in earnings	(141)	(289)
Change in unrealized (losses) gains for assets held at the end of the reporting period	(124)	(51)
Other revenues
Gains and Losses (Realized and Unrealized) Included in Revenues [Line Items]
Total (losses) gains included in earnings	(3,943)	(3,465)
Change in unrealized (losses) gains for assets held at the end of the reporting period	$ (3,939)	$ (3,456)

FAIR VALUE, Significant Assumpt

FAIR VALUE, Significant Assumptions Used in Valuation of Level 3 Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2016	Sep. 30, 2016
Recurring
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total assets at fair value on a recurring basis	$ 2,384,977	$ 2,462,380
Nonrecurring
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total assets at fair value on a nonrecurring basis	84,017	89,984
Significant unobservable inputs (level 3) | Recurring
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total assets at fair value on a recurring basis	223,965	214,798
Significant unobservable inputs (level 3) | Recurring | ARS - municipal group one | Discounted cash flow
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total assets at fair value on a recurring basis	$ 10,593
Significant unobservable inputs (level 3) | Recurring | ARS - municipal group one | Discounted cash flow | Minimum
Fair Value Inputs [Abstract]
Average discount rate	6.71%
Average interest rates applicable to future interest income on the securities	2.40%
Prepayment year	Dec. 31, 2019
Significant unobservable inputs (level 3) | Recurring | ARS - municipal group one | Discounted cash flow | Maximum
Fair Value Inputs [Abstract]
Average discount rate	7.90%
Average interest rates applicable to future interest income on the securities	3.67%
Prepayment year	Dec. 31, 2026
Significant unobservable inputs (level 3) | Recurring | ARS - municipal group one | Discounted cash flow | Weighted average
Fair Value Inputs [Abstract]
Average discount rate	7.31%
Average interest rates applicable to future interest income on the securities	3.04%
Prepayment year	Dec. 31, 2022
Significant unobservable inputs (level 3) | Recurring | ARS - municipals group two | Discounted cash flow
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total assets at fair value on a recurring basis	$ 14,771
Significant unobservable inputs (level 3) | Recurring | ARS - municipals group two | Discounted cash flow | Minimum
Fair Value Inputs [Abstract]
Average discount rate	5.80%
Average interest rates applicable to future interest income on the securities	1.89%
Prepayment year	Dec. 31, 2016
Significant unobservable inputs (level 3) | Recurring | ARS - municipals group two | Discounted cash flow | Maximum
Fair Value Inputs [Abstract]
Average discount rate	6.80%
Average interest rates applicable to future interest income on the securities	1.89%
Prepayment year	Dec. 31, 2021
Significant unobservable inputs (level 3) | Recurring | ARS - municipals group two | Discounted cash flow | Weighted average
Fair Value Inputs [Abstract]
Average discount rate	6.30%
Average interest rates applicable to future interest income on the securities	1.89%
Prepayment year	Dec. 31, 2021
Significant unobservable inputs (level 3) | Recurring | ARS - preferred securities | Discounted cash flow
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total assets at fair value on a recurring basis	$ 103,853
Significant unobservable inputs (level 3) | Recurring | ARS - preferred securities | Discounted cash flow | Minimum
Fair Value Inputs [Abstract]
Average discount rate	5.74%
Average interest rates applicable to future interest income on the securities	2.57%
Prepayment year	Dec. 31, 2016
Significant unobservable inputs (level 3) | Recurring | ARS - preferred securities | Discounted cash flow | Maximum
Fair Value Inputs [Abstract]
Average discount rate	7.18%
Average interest rates applicable to future interest income on the securities	3.43%
Prepayment year	Dec. 31, 2021
Significant unobservable inputs (level 3) | Recurring | ARS - preferred securities | Discounted cash flow | Weighted average
Fair Value Inputs [Abstract]
Average discount rate	6.34%
Average interest rates applicable to future interest income on the securities	2.71%
Prepayment year	Dec. 31, 2021
Significant unobservable inputs (level 3) | Recurring | Private equity investments | Income or market approach
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total assets at fair value on a recurring basis	$ 57,047
Significant unobservable inputs (level 3) | Recurring | Private equity investments | Scenario 1 Income approach - discounted cash flow | Minimum
Fair Value Inputs [Abstract]
Discount rate	13.00%
Terminal growth rate of cash flows	3.00%
Terminal year	Dec. 31, 2019
Significant unobservable inputs (level 3) | Recurring | Private equity investments | Scenario 1 Income approach - discounted cash flow | Maximum
Fair Value Inputs [Abstract]
Discount rate	20.00%
Terminal growth rate of cash flows	3.00%
Terminal year	Dec. 31, 2021
Significant unobservable inputs (level 3) | Recurring | Private equity investments | Scenario 1 Income approach - discounted cash flow | Weighted average
Fair Value Inputs [Abstract]
Discount rate	17.90%
Terminal growth rate of cash flows	3.00%
Terminal year	Dec. 31, 2020
Significant unobservable inputs (level 3) | Recurring | Private equity investments | Scenario 2 - market approach - market multiple method | Minimum
Fair Value Inputs [Abstract]
Weighting assigned to outcome of scenario 1 / scenario 2	81.00%
EBITDA multiple	5.25
Significant unobservable inputs (level 3) | Recurring | Private equity investments | Scenario 2 - market approach - market multiple method | Maximum
Fair Value Inputs [Abstract]
Weighting assigned to outcome of scenario 1 / scenario 2	19.00%
EBITDA multiple	7.5
Significant unobservable inputs (level 3) | Recurring | Private equity investments | Scenario 2 - market approach - market multiple method | Weighted average
Fair Value Inputs [Abstract]
EBITDA multiple	6.2
Significant unobservable inputs (level 3) | Recurring | Private equity investments | Transaction price or other investment-specific events
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total assets at fair value on a recurring basis	$ 26,419
Significant unobservable inputs (level 3) | Nonrecurring
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total assets at fair value on a nonrecurring basis	40,450	$ 47,982
Significant unobservable inputs (level 3) | Nonrecurring | Impaired loans residential | Discounted cash flow
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total assets at fair value on a nonrecurring basis	$ 22,178
Significant unobservable inputs (level 3) | Nonrecurring | Impaired loans residential | Discounted cash flow | Minimum
Fair Value Inputs [Abstract]
Prepayment rate (in years)	7 years
Significant unobservable inputs (level 3) | Nonrecurring | Impaired loans residential | Discounted cash flow | Maximum
Fair Value Inputs [Abstract]
Prepayment rate (in years)	12 years
Significant unobservable inputs (level 3) | Nonrecurring | Impaired loans residential | Discounted cash flow | Weighted average
Fair Value Inputs [Abstract]
Prepayment rate (in years)	10 years 3 months 18 days
Significant unobservable inputs (level 3) | Nonrecurring | Impaired loans corporate | Appraisal or discounts cash flow
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total assets at fair value on a nonrecurring basis	$ 18,272

FAIR VALUE, Carrying Amounts an

FAIR VALUE, Carrying Amounts and Estimated Fair Value of Financial Instruments Not Carried at Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Sep. 30, 2016
Financial assets:
Loans to Financial advisors, net		$ 838,721
Carrying amount
Financial assets:
Bank loans, net	$ 15,745,853	15,121,430
Loans to Financial advisors, net	845,783
Financial liabilities:
Bank deposits	15,189,790	14,262,547
Other borrowings	32,271	33,391
Senior notes payable	1,680,957	1,680,587
Quoted prices in active markets for identical assets (Level 1)
Financial assets:
Bank loans, net	0	0
Loans to Financial advisors, net	0	0
Financial liabilities:
Bank deposits	0	0
Other borrowings	0	0
Senior notes payable	355,460	362,180
Significant other observable inputs (Level 2)
Financial assets:
Bank loans, net	160,811	196,109
Loans to Financial advisors, net	0	0
Financial liabilities:
Bank deposits	14,901,554	13,947,310
Other borrowings	32,665	34,520
Senior notes payable	1,386,734	1,452,071
Significant unobservable inputs (level 3)
Financial assets:
Bank loans, net	15,417,900	14,925,802
Loans to Financial advisors, net	709,145	706,717
Financial liabilities:
Bank deposits	286,736	318,228
Other borrowings	0	0
Senior notes payable	0	0
Recurring | Total estimated fair value
Financial assets:
Bank loans, net	15,578,711	15,121,911
Loans to Financial advisors, net	709,145	706,717
Financial liabilities:
Bank deposits	15,188,290	14,265,538
Other borrowings	32,665	34,520
Senior notes payable	$ 1,742,194	$ 1,814,251

FAIR VALUE, Investments in Priv

FAIR VALUE, Investments in Private Equity Measured at Net Asset Value Per Share (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total private equity investments	$ 199,438	$ 194,634
Private equity investments at NAV, percentage of funds to be liquidated in five years	90.00%
Private equity investments at NAV, ninety percent of funds held, maximum estimated life	5 years
Private equity investments at NAV, percentage of funds to be liquidated between five and 10 years	10.00%
Private equity investments at NAV, ten percent of funds held, minimum estimated life	5 years
Private equity investments at NAV, ten percent funds held, maximum estimated life	9 years
Private equity investments, weighted average percentage owned		74.00%
Private equity investments | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Private equity investments at NAV	$ 115,972	$ 111,469
Private equity investments at NAV	26,548	30,543
Private equity investments at fair value	83,466	83,165
Total private equity investments	$ 199,438	194,634
Total equity attributable to Raymond James Financial, Inc. | Private equity investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Private equity investments, weighted average percentage owned	74.00%
Total equity attributable to Raymond James Financial, Inc. | Private equity investments | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Private equity investments at NAV	$ 24,249	27,542
Total private equity investments	148,000	144,000
Noncontrolling interests | Private equity investments | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Private equity investments at NAV	2,299	3,001
Total private equity investments	$ 51,000	$ 51,000

TRADING INSTRUMENTS AND TRADI59

TRADING INSTRUMENTS AND TRADING INSTRUMENTS SOLD BUT NOT YET PURCHASED (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Sep. 30, 2016
Trading Securities [Abstract]
Total debt securities	$ 398,618	$ 655,737
Derivative contracts	55,920	55,703
Equity securities	17,817	16,029
Brokered certificates of deposit	34,349	35,206
Other	11,088	4,130
Total trading instruments	517,792	766,805
Financial Instruments Sold, Not yet Purchased, at Fair Value [Abstract]
Total debt securities	203,904	301,721
Derivative liability	53,066	8,835
Equity securities	3,373	18,382
Brokered certificates of deposit	0	0
Other	200	0
Trading instruments sold but not yet purchased	260,543	328,938
Municipal and provincial obligations
Trading Securities [Abstract]
Total debt securities	116,230	274,163
Financial Instruments Sold, Not yet Purchased, at Fair Value [Abstract]
Total debt securities	598	1,161
Corporate obligations
Trading Securities [Abstract]
Total debt securities	64,892	132,885
Financial Instruments Sold, Not yet Purchased, at Fair Value [Abstract]
Total debt securities	19,570	31,074
Government and agency obligations
Trading Securities [Abstract]
Total debt securities	48,588	49,598
Financial Instruments Sold, Not yet Purchased, at Fair Value [Abstract]
Total debt securities	177,323	266,682
Agency MBS and CMOs
Trading Securities [Abstract]
Total debt securities	125,664	164,663
Financial Instruments Sold, Not yet Purchased, at Fair Value [Abstract]
Total debt securities	1,144	2,804
Non-agency CMOs and ABS
Trading Securities [Abstract]
Total debt securities	43,244	34,428
Financial Instruments Sold, Not yet Purchased, at Fair Value [Abstract]
Total debt securities	$ 5,269	$ 0

AVAILABLE FOR SALE SECURITIES,

AVAILABLE FOR SALE SECURITIES, Sale of Available-for-sale Securities (Details) - USD ($)	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Sales of Available for Sale Securities [Abstract]
Proceeds from sales of available for sale securities	$ 7,308,000	$ 0
RJ Bank available for sale securities
Sales of Available for Sale Securities [Abstract]
Proceeds from sales of available for sale securities	$ 7,000,000	0
Auction rate securities
Sales of Available for Sale Securities [Abstract]
Proceeds from sales of available for sale securities		$ 0

AVAILABLE FOR SALE SECURITIES61

AVAILABLE FOR SALE SECURITIES, Amortized Cost and Fair Values of AFS Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Sep. 30, 2016
Schedule of Available for Sale Securities [Abstract]
Cost basis	$ 1,177,056	$ 866,060
Gross unrealized gains	1,285	2,535
Gross unrealized losses	(14,817)	(9,197)
Fair value	1,163,524	859,398
RJ Bank
Schedule of Available for Sale Securities [Abstract]
Cost basis	1,046,361	735,343
Gross unrealized gains	462	2,521
Gross unrealized losses	(12,516)	(3,631)
Fair value	1,034,307	734,233
RJ Bank | Agency MBS and CMOs
Schedule of Available for Sale Securities [Abstract]
Cost basis	1,002,868	680,341
Gross unrealized gains	458	2,512
Gross unrealized losses	(10,332)	(556)
Fair value	992,994	682,297
RJ Bank | Non-agency CMOs
Schedule of Available for Sale Securities [Abstract]
Cost basis	41,918	53,427
Gross unrealized gains	4	9
Gross unrealized losses	(2,007)	(2,917)
Fair value	39,915	50,519
Non-credit portion of OTTI recorded in AOCI, before tax	1,000	2,000
RJ Bank | Other securities
Schedule of Available for Sale Securities [Abstract]
Cost basis	1,575	1,575
Gross unrealized gains	0	0
Gross unrealized losses	(177)	(158)
Fair value	1,398	1,417
Non-broker-dealer subsidiaries | Auction rate securities
Schedule of Available for Sale Securities [Abstract]
Cost basis	130,695	130,717
Gross unrealized gains	823	14
Gross unrealized losses	(2,301)	(5,566)
Fair value	129,217	125,165
Non-broker-dealer subsidiaries | ARS municipal obligations
Schedule of Available for Sale Securities [Abstract]
Cost basis	27,491	27,491
Gross unrealized gains	14	14
Gross unrealized losses	(2,141)	(2,358)
Fair value	25,364	25,147
Non-broker-dealer subsidiaries | ARS - preferred securities
Schedule of Available for Sale Securities [Abstract]
Cost basis	103,204	103,226
Gross unrealized gains	809	0
Gross unrealized losses	(160)	(3,208)
Fair value	$ 103,853	$ 100,018

AVAILABLE FOR SALE SECURITIES62

AVAILABLE FOR SALE SECURITIES, Contractual Maturities (Details) $ in Thousands	Dec. 31, 2016USD ($)
Amortized cost
Within one year	$ 175
After one but within five years	53,772
After five but within ten years	254,570
After ten years	868,539
Total	1,177,056
Carry value
Within one year	176
After one but within five years	53,225
After five but within ten years	252,700
After ten years	857,423
Total	$ 1,163,524
Weighted-average yield
Within one year (in hundredths)	1.02%
After one but within five years (in hundredths)	1.72%
After five but within ten years (in hundredths)	1.61%
After ten years (in hundredths)	1.61%
Total (in hundredths)	1.62%
RJ Bank | Agency MBS and CMOs
Amortized cost
Within one year	$ 175
After one but within five years	53,772
After five but within ten years	254,570
After ten years	694,351
Total	1,002,868
Carry value
Within one year	176
After one but within five years	53,225
After five but within ten years	252,700
After ten years	686,893
Total	$ 992,994
Weighted-average yield
Within one year (in hundredths)	1.02%
After one but within five years (in hundredths)	1.72%
After five but within ten years (in hundredths)	1.61%
After ten years (in hundredths)	1.61%
Total (in hundredths)	1.62%
RJ Bank | Non-agency CMOs:
Amortized cost
Within one year	$ 0
After one but within five years	0
After five but within ten years	0
After ten years	41,918
Total	41,918
Carry value
Within one year	0
After one but within five years	0
After five but within ten years	0
After ten years	39,915
Total	$ 39,915
Weighted-average yield
Within one year (in hundredths)	0.00%
After one but within five years (in hundredths)	0.00%
After five but within ten years (in hundredths)	0.00%
After ten years (in hundredths)	2.71%
Total (in hundredths)	2.71%
RJ Bank | Other securities
Amortized cost
Within one year	$ 0
After one but within five years	0
After five but within ten years	0
After ten years	1,575
Total	1,575
Carry value
Within one year	0
After one but within five years	0
After five but within ten years	0
After ten years	1,398
Total	$ 1,398
Weighted-average yield
Within one year (in hundredths)	0.00%
After one but within five years (in hundredths)	0.00%
After five but within ten years (in hundredths)	0.00%
After ten years (in hundredths)	0.00%
Total (in hundredths)	0.00%
RJ Bank | Sub-total agency MBS & CMOs, non-agency CMOs, and other securities
Amortized cost
Within one year	$ 175
After one but within five years	53,772
After five but within ten years	254,570
After ten years	737,844
Total	1,046,361
Carry value
Within one year	176
After one but within five years	53,225
After five but within ten years	252,700
After ten years	728,206
Total	$ 1,034,307
Weighted-average yield
Within one year (in hundredths)	1.02%
After one but within five years (in hundredths)	1.72%
After five but within ten years (in hundredths)	1.61%
After ten years (in hundredths)	1.67%
Total (in hundredths)	1.66%
Non-broker-dealer subsidiaries | ARS municipal obligations
Amortized cost
Within one year	$ 0
After one but within five years	0
After five but within ten years	0
After ten years	27,491
Total	27,491
Carry value
Within one year	0
After one but within five years	0
After five but within ten years	0
After ten years	25,364
Total	$ 25,364
Weighted-average yield
Within one year (in hundredths)	0.00%
After one but within five years (in hundredths)	0.00%
After five but within ten years (in hundredths)	0.00%
After ten years (in hundredths)	1.66%
Total (in hundredths)	1.66%
Non-broker-dealer subsidiaries | ARS - preferred securities
Amortized cost
Within one year	$ 0
After one but within five years	0
After five but within ten years	0
After ten years	103,204
Total	103,204
Carry value
Within one year	0
After one but within five years	0
After five but within ten years	0
After ten years	103,853
Total	$ 103,853
Weighted-average yield
Within one year (in hundredths)	0.00%
After one but within five years (in hundredths)	0.00%
After five but within ten years (in hundredths)	0.00%
After ten years (in hundredths)	1.17%
Total (in hundredths)	1.17%
Non-broker-dealer subsidiaries | Auction rate securities
Amortized cost
Within one year	$ 0
After one but within five years	0
After five but within ten years	0
After ten years	130,695
Total	130,695
Carry value
Within one year	0
After one but within five years	0
After five but within ten years	0
After ten years	129,217
Total	$ 129,217
Weighted-average yield
Within one year (in hundredths)	0.00%
After one but within five years (in hundredths)	0.00%
After five but within ten years (in hundredths)	0.00%
After ten years (in hundredths)	1.27%
Total (in hundredths)	1.27%

AVAILABLE FOR SALE SECURITIES63

AVAILABLE FOR SALE SECURITIES, Gross Unrealized Losses and Fair Value and Significant Assumptions (Details) $ in Thousands	3 Months Ended
	Dec. 31, 2016USD ($)positionARS_Securitysecurities	Sep. 30, 2016USD ($)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Estimated fair value less than 12 months	$ 848,999	$ 326,246
Estimated fair value 12 months or more	122,261	84,725
Total estimated fair value	971,260	410,971
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Unrealized losses less than 12 months	(10,119)	(4,445)
Unrealized losses 12 months or more	(4,698)	(4,752)
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	$ (14,817)	(9,197)
ARS preferred securities
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Number of available for sale securities with fair value less than cost basis | ARS_Security	15
Auction rate securities
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Par value	$ 152,900
Number of available for sale securities with fair value less than cost basis | securities	9
RJ Bank | Agency MBS and CMOs
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Estimated fair value less than 12 months	$ 844,440	208,880
Estimated fair value 12 months or more	26,332	28,893
Total estimated fair value	870,772	237,773
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Unrealized losses less than 12 months	(9,864)	(361)
Unrealized losses 12 months or more	(468)	(195)
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	$ (10,332)	(556)
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Number of securities in unrealized loss position | position	106
Number of securities in unrealized loss position greater than 12 months | position	7
Number of securities in unrealized loss position, less than 12 months | position	99
RJ Bank | Non-agency CMOs
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Estimated fair value less than 12 months	$ 1,496	4,256
Estimated fair value 12 months or more	37,868	44,137
Total estimated fair value	39,364	48,393
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Unrealized losses less than 12 months	(36)	(21)
Unrealized losses 12 months or more	(1,971)	(2,896)
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	$ (2,007)	(2,917)
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Number of securities in unrealized loss position | position	11
Number of available-for-sale investment positions | position	12
Number of securities in unrealized loss position greater than 12 months | position	10
Number of securities in unrealized loss position, less than 12 months | position	1
RJ Bank | Non-agency CMOs | Low end
Significant Assumptions
Default rate (in hundredths)	0.00%
Loss severity (in hundredths)	0.00%
Prepayment rate (in hundredths)	7.90%
RJ Bank | Non-agency CMOs | High end
Significant Assumptions
Default rate (in hundredths)	7.90%
Loss severity (in hundredths)	51.90%
Prepayment rate (in hundredths)	32.70%
RJ Bank | Non-agency CMOs | Weighted average
Significant Assumptions
Default rate (in hundredths)	3.45%
Loss severity (in hundredths)	30.44%
Prepayment rate (in hundredths)	15.67%
RJ Bank | Other securities
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Estimated fair value less than 12 months	$ 1,575	1,417
Estimated fair value 12 months or more	0	0
Total estimated fair value	1,575	1,417
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Unrealized losses less than 12 months	(177)	(158)
Unrealized losses 12 months or more	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	(177)	(158)
Non-broker-dealer subsidiaries | ARS municipal obligations
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Estimated fair value less than 12 months	0	13,204
Estimated fair value 12 months or more	25,116	11,695
Total estimated fair value	25,116	24,899
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Unrealized losses less than 12 months	0	(697)
Unrealized losses 12 months or more	(2,141)	(1,661)
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	(2,141)	(2,358)
Non-broker-dealer subsidiaries | ARS preferred securities
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Estimated fair value less than 12 months	1,488	98,489
Estimated fair value 12 months or more	32,945	0
Total estimated fair value	34,433	98,489
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Unrealized losses less than 12 months	(42)	(3,208)
Unrealized losses 12 months or more	(118)	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	$ (160)	$ (3,208)

AVAILABLE FOR SALE SECURTIES, O

AVAILABLE FOR SALE SECURTIES, OTTI Related to Credit Losses Recognized in Other Revenues (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Amount related to credit losses on securities we held at the beginning of the period	$ 8,107	$ 11,847
Decreases to the amount related to credit loss for securities sold during the period	(2,353)	0
Amount related to credit losses on securities we held at the end of the period	$ 5,754	$ 11,847

BANK LOANS, NET, Held for Sale

BANK LOANS, NET, Held for Sale and Held for Investment (Details) $ in Thousands	Dec. 31, 2016USD ($)segment	Sep. 30, 2016USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loan portfolio segments | segment	6
Loans Receivable Held-for-sale, Net [Abstract]
Loans receivable held-for-sale, net	$ 202,201	$ 214,286
Loans held for investment:
Total loans held for investment	15,865,088	15,234,502
Net unearned income and deferred expenses	(40,857)	(40,675)
Total loans held for investment, net	15,824,231	15,193,827
Total loans held for sale and investment	16,026,432	15,408,113
Allowance for loan losses	(197,680)	(197,378)
Bank loans, net	$ 15,828,752	$ 15,210,735
Associated percentage of each major loan category in loan portfolios [Abstract]
Loans held for sale, net (in hundredths)	1.00%	1.00%
Total loans held for sale and investment (in hundredths)	100.00%	100.00%
C&I loans
Loans held for investment:
Total loans held for investment	$ 7,551,840	$ 7,470,373
C&I loans | Domestic
Loans held for investment:
Total loans held for investment	$ 6,386,069	$ 6,402,675
Associated percentage of each major loan category in loan portfolios [Abstract]
Loans held for investment (in hundredths)	40.00%	42.00%
C&I loans | Foreign
Loans held for investment:
Total loans held for investment	$ 1,165,771	$ 1,067,698
Associated percentage of each major loan category in loan portfolios [Abstract]
Loans held for investment (in hundredths)	7.00%	7.00%
CRE construction loans
Loans held for investment:
Total loans held for investment	$ 132,560	$ 122,718
CRE construction loans | Domestic
Loans held for investment:
Total loans held for investment	$ 132,560	$ 107,437
Associated percentage of each major loan category in loan portfolios [Abstract]
Loans held for investment (in hundredths)	1.00%	1.00%
CRE construction loans | Foreign
Loans held for investment:
Total loans held for investment	$ 0	$ 15,281
Associated percentage of each major loan category in loan portfolios [Abstract]
Loans held for investment (in hundredths)	0.00%	0.00%
CRE loans
Loans held for investment:
Total loans held for investment	$ 2,666,518	$ 2,554,071
CRE loans | Domestic
Loans held for investment:
Total loans held for investment	$ 2,290,245	$ 2,188,652
Associated percentage of each major loan category in loan portfolios [Abstract]
Loans held for investment (in hundredths)	14.00%	14.00%
CRE loans | Foreign
Loans held for investment:
Total loans held for investment	$ 376,273	$ 365,419
Associated percentage of each major loan category in loan portfolios [Abstract]
Loans held for investment (in hundredths)	2.00%	2.00%
Tax-exempt loans
Loans held for investment:
Total loans held for investment	$ 859,038	$ 740,944
Tax-exempt loans | Domestic
Loans held for investment:
Total loans held for investment	$ 859,038	$ 740,944
Associated percentage of each major loan category in loan portfolios [Abstract]
Loans held for investment (in hundredths)	5.00%	5.00%
Residential mortgage loans | Domestic
Loans held for investment:
Total loans held for investment	$ 2,651,289	$ 2,439,286
Associated percentage of each major loan category in loan portfolios [Abstract]
Loans held for investment (in hundredths)	17.00%	16.00%
Residential mortgage loans | Foreign
Loans held for investment:
Total loans held for investment	$ 2,248	$ 2,283
Associated percentage of each major loan category in loan portfolios [Abstract]
Loans held for investment (in hundredths)	0.00%	0.00%
SBL
Loans held for investment:
Total loans held for investment	$ 2,001,595	$ 1,904,827
SBL | Domestic
Loans held for investment:
Total loans held for investment	$ 2,000,702	$ 1,903,930
Associated percentage of each major loan category in loan portfolios [Abstract]
Loans held for investment (in hundredths)	13.00%	12.00%
SBL | Foreign
Loans held for investment:
Total loans held for investment	$ 893	$ 897
Associated percentage of each major loan category in loan portfolios [Abstract]
Loans held for investment (in hundredths)	0.00%	0.00%

BANK LOANS, NET, Originations,

BANK LOANS, NET, Originations, Purchases, and Sales (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Loans held for sale
Payments for Origination and Purchases of Loans Held-for-sale [Abstract]
Loans held for sale originated or purchased	$ 522,000	$ 623,000
Proceeds from Sale of Loans Held-for-sale [Abstract]
Proceeds from sale of loans held-for-sale	150,000	86,000
Gain (loss) of loans held-for-sale	700	300
Loans held for investment
Purchases and sales of loans held for investment by portfolio segment [Abstract]
Purchases	235,291	136,886
Sales	81,579	35,246
Loans held for investment | C&I loans
Purchases and sales of loans held for investment by portfolio segment [Abstract]
Purchases	114,649	57,851
Sales	81,579	35,246
Loans held for investment | CRE
Purchases and sales of loans held for investment by portfolio segment [Abstract]
Purchases	38,980	0
Sales	0	0
Loans held for investment | Residential mortgage loans
Purchases and sales of loans held for investment by portfolio segment [Abstract]
Purchases	81,662	79,035
Sales	$ 0	$ 0

BANK LOANS, NET, Analysis of Pa

BANK LOANS, NET, Analysis of Payment Status of Loans Held for Investment (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Sep. 30, 2016
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	$ 15,865,088		$ 15,234,502
Nonaccrual	64,470		81,207
Performing nonaccrual loans	37,000		54,000
Impaired interest lost on nonaccrual loans	600	$ 400
Impaired financing receivable, interest income recognized	400	$ 300
Other assets
Analysis of payment status of loans held for investment [Abstract]
Other real estate owned	5,000		5,000
30-89 days and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	2,216		1,766
90 days or more and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	0		0
Total past due and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	2,216		1,766
Current and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	15,798,402		15,151,529
C&I loans
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	7,551,840		7,470,373
Nonaccrual	24,762		35,194
C&I loans | 30-89 days and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	0		0
C&I loans | 90 days or more and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	0		0
C&I loans | Total past due and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	0		0
C&I loans | Current and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	7,527,078		7,435,179
CRE construction loans
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	132,560		122,718
Nonaccrual	0		0
CRE construction loans | 30-89 days and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	0		0
CRE construction loans | 90 days or more and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	0		0
CRE construction loans | Total past due and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	0		0
CRE construction loans | Current and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	132,560		122,718
CRE loans
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	2,666,518		2,554,071
Nonaccrual	0		4,230
CRE loans | 30-89 days and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	0		0
CRE loans | 90 days or more and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	0		0
CRE loans | Total past due and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	0		0
CRE loans | Current and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	2,666,518		2,549,841
Tax-exempt loans
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	859,038		740,944
Nonaccrual	0		0
Tax-exempt loans | 30-89 days and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	0		0
Tax-exempt loans | 90 days or more and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	0		0
Tax-exempt loans | Total past due and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	0		0
Tax-exempt loans | Current and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	859,038		740,944
Residential - first mortgage loans
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	2,631,070		2,420,869
Nonaccrual	39,672		41,746
Residential - first mortgage loans | 30-89 days and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	2,206		1,766
Residential - first mortgage loans | 90 days or more and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	0		0
Residential - first mortgage loans | Total past due and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	2,206		1,766
Residential - first mortgage loans | Current and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	2,589,192		2,377,357
Residential mortgage - home equity loans/lines
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	22,467		20,700
Nonaccrual	36		37
Residential mortgage - home equity loans/lines | 30-89 days and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	10		0
Residential mortgage - home equity loans/lines | 90 days or more and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	0		0
Residential mortgage - home equity loans/lines | Total past due and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	10		0
Residential mortgage - home equity loans/lines | Current and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	22,421		20,663
SBL
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	2,001,595		1,904,827
Nonaccrual	0		0
SBL | 30-89 days and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	0		0
SBL | 90 days or more and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	0		0
SBL | Total past due and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	0		0
SBL | Current and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	2,001,595		1,904,827
Residential mortgage loans | One-to-four family residential mortgage loans
Analysis of payment status of loans held for investment [Abstract]
Financing receivable past due	$ 21,000		$ 21,000

BANK LOANS, NET, Summary of Imp

BANK LOANS, NET, Summary of Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Sep. 30, 2016
Gross recorded investment
Gross recorded investment, impaired loans with allowance for loan losses	$ 56,861		$ 65,587
Gross recorded investment, impaired loans without allowance for loan losses	17,507		22,039
Gross recorded investment	74,368		87,626
Unpaid principal balance
Unpaid principal balance, impaired loans with allowance for loan losses	74,721		77,209
Unpaid principal balance, impaired loans without allowance for loan losses	26,534		38,097
Unpaid principal balance	101,255		115,306
Impaired loans with allowance for loan losses, allowance for losses	12,874		16,498
Loan and Lease Receivables, Impaired
Average impaired loan balance	82,117	$ 68,910
Interest income recognized	333	380
C&I loans
Gross recorded investment
Gross recorded investment, impaired loans with allowance for loan losses	28,143		35,194
Unpaid principal balance
Unpaid principal balance, impaired loans with allowance for loan losses	35,799		35,872
Impaired loans with allowance for loan losses, allowance for losses	9,870		13,351
Loan and Lease Receivables, Impaired
Average impaired loan balance	32,808	10,506
Residential - first mortgage loans
Gross recorded investment
Gross recorded investment, impaired loans with allowance for loan losses	28,718		30,393
Gross recorded investment, impaired loans without allowance for loan losses	17,507		17,809
Unpaid principal balance
Unpaid principal balance, impaired loans with allowance for loan losses	38,922		41,337
Unpaid principal balance, impaired loans without allowance for loan losses	26,534		26,486
Impaired loans with allowance for loan losses, allowance for losses	3,004		3,147
Loan and Lease Receivables, Impaired
Impaired loan, troubled debt restructurings	28,000		28,000
Average impaired loan balance	46,533	53,732
Interest income recognized	333	380
CRE loans
Gross recorded investment
Gross recorded investment, impaired loans without allowance for loan losses	0		4,230
Unpaid principal balance
Unpaid principal balance, impaired loans without allowance for loan losses	0		11,611
Loan and Lease Receivables, Impaired
Impaired loan, troubled debt restructurings			$ 4,000
Average impaired loan balance	$ 2,776	$ 4,672

BANK LOANS, NET, Impact of TDRs

BANK LOANS, NET, Impact of TDRs (Details) $ in Thousands	3 Months Ended
	Dec. 31, 2016USD ($)commitmentcontractTDR	Dec. 31, 2015USD ($)contractTDRconcession	Sep. 30, 2016commitment
Financing Receivable, Modifications [Line Items]
Financing receivable, modifications, number of concessions granted to borrowers | concession		0
Modification of loans [Abstract]
Number of contracts | contract		0
Subsquent default of modified loans [Abstract]
Payment default, number of contracts | TDR	0
Number of outstanding commitments | commitment	0		0
Residential – first mortgage loans
Modification of loans [Abstract]
Number of contracts | contract	5
Pre-modification outstanding recorded investment	$ 1,198
Post-modification outstanding recorded investment	$ 1,147
Subsquent default of modified loans [Abstract]
Payment default, number of contracts | TDR		1
Recorded investment of contract modifications with subsequent defaults		$ 100

BANK LOANS, NET, Credit Quality

BANK LOANS, NET, Credit Quality of Held for Investment Loan Portfolio (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Sep. 30, 2016
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	$ 15,865,088	$ 15,234,502
Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	15,642,322	14,935,022
Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	74,859	128,577
Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	147,907	170,903
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	0	0
C&I loans
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	7,551,840	7,470,373
C&I loans | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	7,391,029	7,241,055
C&I loans | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	64,766	117,046
C&I loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	96,045	112,272
C&I loans | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	0	0
CRE construction loans
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	132,560	122,718
CRE construction loans | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	132,560	122,718
CRE construction loans | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	0	0
CRE construction loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	0	0
CRE construction loans | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	0	0
CRE loans
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	2,666,518	2,554,071
CRE loans | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	2,666,349	2,549,672
CRE loans | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	0	0
CRE loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	169	4,399
CRE loans | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	0	0
Tax-exempt loans
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	859,038	740,944
Tax-exempt loans | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	859,038	740,944
Tax-exempt loans | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	0	0
Tax-exempt loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	0	0
Tax-exempt loans | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	0	0
Residential – first mortgage loans
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	2,631,070	2,420,869
Residential – first mortgage loans | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	2,569,503	2,355,393
Residential – first mortgage loans | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	9,911	11,349
Residential – first mortgage loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	51,656	54,127
Residential – first mortgage loans | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	0	0
Home equity loans/lines
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	22,467	20,700
Home equity loans/lines | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	22,248	20,413
Home equity loans/lines | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	182	182
Home equity loans/lines | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	37	105
Home equity loans/lines | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	0	0
SBL
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	2,001,595	1,904,827
SBL | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	2,001,595	1,904,827
SBL | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	0	0
SBL | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	0	0
SBL | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	$ 0	$ 0
Residential mortgage loans | LTV Greater than 100% [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans held for investment (in hundredths)	1.00%

BANK LOANS, NET, Changes in the

BANK LOANS, NET, Changes in the Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Changes in the allowance for loan losses [Roll Forward]
(Benefit) provision for loan losses	$ (1,040)	$ 13,910
Loans held for investment
Changes in the allowance for loan losses [Roll Forward]
Balance at beginning of period	197,378	172,257
(Benefit) provision for loan losses	(1,040)	13,910
Net (charge-offs)/recoveries:
Charge-offs	(3,476)	(814)
Recoveries	5,078	491
Net (charge-offs)/recoveries	1,602	(323)
Foreign exchange translation adjustment	(260)	(385)
Balance at end of period	197,680	185,459
Loans held for investment | C&I loans
Changes in the allowance for loan losses [Roll Forward]
Balance at beginning of period	137,701	117,623
(Benefit) provision for loan losses	(1,243)	11,585
Net (charge-offs)/recoveries:
Charge-offs	(3,389)	(267)
Recoveries	0	0
Net (charge-offs)/recoveries	(3,389)	(267)
Foreign exchange translation adjustment	(164)	(220)
Balance at end of period	132,905	128,721
Loans held for investment | CRE construction
Changes in the allowance for loan losses [Roll Forward]
Balance at beginning of period	1,614	2,707
(Benefit) provision for loan losses	581	(52)
Net (charge-offs)/recoveries:
Charge-offs	0	0
Recoveries	0	0
Net (charge-offs)/recoveries	0	0
Foreign exchange translation adjustment	(92)	(20)
Balance at end of period	2,103	2,635
Loans held for investment | CRE
Changes in the allowance for loan losses [Roll Forward]
Balance at beginning of period	36,533	30,486
(Benefit) provision for loan losses	(2,010)	963
Net (charge-offs)/recoveries:
Charge-offs	0	0
Recoveries	5,013	0
Net (charge-offs)/recoveries	5,013	0
Foreign exchange translation adjustment	(4)	(145)
Balance at end of period	39,532	31,304
Loans held for investment | Tax-exempt loans
Changes in the allowance for loan losses [Roll Forward]
Balance at beginning of period	4,100	5,949
(Benefit) provision for loan losses	393	1,170
Net (charge-offs)/recoveries:
Charge-offs	0	0
Recoveries	0	0
Net (charge-offs)/recoveries	0	0
Foreign exchange translation adjustment	0	0
Balance at end of period	4,493	7,119
Loans held for investment | Residential mortgage
Changes in the allowance for loan losses [Roll Forward]
Balance at beginning of period	12,664	12,526
(Benefit) provision for loan losses	997	(204)
Net (charge-offs)/recoveries:
Charge-offs	(87)	(547)
Recoveries	65	490
Net (charge-offs)/recoveries	(22)	(57)
Foreign exchange translation adjustment	0	0
Balance at end of period	13,639	12,265
Loans held for investment | SBL
Changes in the allowance for loan losses [Roll Forward]
Balance at beginning of period	4,766	2,966
(Benefit) provision for loan losses	242	448
Net (charge-offs)/recoveries:
Charge-offs	0	0
Recoveries	0	1
Net (charge-offs)/recoveries	0	1
Foreign exchange translation adjustment	0	0
Balance at end of period	$ 5,008	$ 3,415

BANK LOANS, NET, Allowance for

BANK LOANS, NET, Allowance for Loan Losses, Loans Individually and Collectively Evaluated for Impairment (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Recorded investment:
Total loans held for investment	$ 15,865,088	$ 15,234,502
Reserve for unfunded lending commitments [Abstract]
Reserve for unfunded lending commitments	9,000	11,000
C&I loans
Recorded investment:
Total loans held for investment	7,551,840	7,470,373
CRE construction
Recorded investment:
Total loans held for investment	132,560	122,718
CRE
Recorded investment:
Total loans held for investment	2,666,518	2,554,071
Tax-exempt loans
Recorded investment:
Total loans held for investment	859,038	740,944
SBL
Recorded investment:
Total loans held for investment	2,001,595	1,904,827
Loans held for investment
Allowance for loan losses:
Individually evaluated for impairment	12,877	16,507
Collectively evaluated for impairment	184,803	180,871
Total allowance for loan losses	197,680	197,378	$ 185,459	$ 172,257
Recorded investment:
Individually evaluated for impairment	79,498	96,159
Collectively evaluated for impairment	15,785,590	15,138,343
Total loans held for investment	15,865,088	15,234,502
Loans held for investment | C&I loans
Allowance for loan losses:
Individually evaluated for impairment	9,870	13,351
Collectively evaluated for impairment	123,035	124,350
Total allowance for loan losses	132,905	137,701	128,721	117,623
Recorded investment:
Individually evaluated for impairment	24,762	35,194
Collectively evaluated for impairment	7,527,078	7,435,179
Total loans held for investment	7,551,840	7,470,373
Loans held for investment | CRE construction
Allowance for loan losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	2,103	1,614
Total allowance for loan losses	2,103	1,614	2,635	2,707
Recorded investment:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	132,560	122,718
Total loans held for investment	132,560	122,718
Loans held for investment | CRE
Allowance for loan losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	39,532	36,533
Total allowance for loan losses	39,532	36,533	31,304	30,486
Recorded investment:
Individually evaluated for impairment	0	4,230
Collectively evaluated for impairment	2,666,518	2,549,841
Total loans held for investment	2,666,518	2,554,071
Loans held for investment | Tax-exempt loans
Allowance for loan losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	4,493	4,100
Total allowance for loan losses	4,493	4,100	7,119	5,949
Recorded investment:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	859,038	740,944
Total loans held for investment	859,038	740,944
Loans held for investment | Residential mortgage
Allowance for loan losses:
Individually evaluated for impairment	3,007	3,156
Collectively evaluated for impairment	10,632	9,508
Total allowance for loan losses	13,639	12,664	12,265	12,526
Recorded investment:
Individually evaluated for impairment	54,736	56,735
Collectively evaluated for impairment	2,598,801	2,384,834
Total loans held for investment	2,653,537	2,441,569
Loans held for investment | SBL
Allowance for loan losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	5,008	4,766
Total allowance for loan losses	5,008	4,766	$ 3,415	$ 2,966
Recorded investment:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	2,001,595	1,904,827
Total loans held for investment	$ 2,001,595	$ 1,904,827

VARIABLE INTEREST ENTITIES (Det

VARIABLE INTEREST ENTITIES (Details)	Dec. 31, 2016investorFundaffiliate
Low-income housing tax credit funds [Abstract]
Number of low-income housing tax credit (LIHTC) funds	100
Minimum number of investor members or limited partners of LIHTC Funds (or more) | investor	1
Number of guaranteed tax credit funds	1
Variable interest entities, not primary beneficiary [Abstract]
Number of affiliates which function as the managing member of NMTC Funds | affiliate	1

VARIABLE INTEREST ENTITIES, Pri

VARIABLE INTEREST ENTITIES, Primary Beneficiary - Aggregate Assets and Liabilities (Details) $ in Thousands	Dec. 31, 2016USD ($)investorFund	Sep. 30, 2016USD ($)investorFund
Variable interest entity, consolidated, aggregate assets and liabilities [Abstract]
Number of Investors with a Guaranteed Return on their Investment | investor	1	1
Private equity interest - primary beneficiary
Variable interest entity, consolidated, aggregate assets and liabilities [Abstract]
Aggregate assets	$ 112,674	$ 140,870
Aggregate liabilities	5,302	4,888
Guaranteed LIHTC fund - primary beneficiary
Variable interest entity, consolidated, aggregate assets and liabilities [Abstract]
Aggregate assets	62,796	63,415
Aggregate liabilities	$ 2,644	$ 2,556
Number of multiinvestor tax credit funds in which RJTCF is the managing member | Fund	1	1
Restricted stock trust fund - primary beneficiary
Variable interest entity, consolidated, aggregate assets and liabilities [Abstract]
Aggregate assets	$ 14,956	$ 9,949
Aggregate liabilities	14,956	9,949
Total VIEs - primary beneficiary
Variable interest entity, consolidated, aggregate assets and liabilities [Abstract]
Aggregate assets	190,426	214,234
Aggregate liabilities	$ 22,902	$ 17,393

VARIABLE INTEREST ENTITIES, P75

VARIABLE INTEREST ENTITIES, Primary Beneficiary - Carrying Value of Assets, Liabilities and Equity (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Assets:
Cash and cash equivalents	$ 2,528,275	$ 1,650,452	$ 2,596,388	$ 2,601,006
Assets segregated pursuant to regulations and other segregated assets	3,867,999	4,884,487
Receivables, other	619,874	610,417
Prepaid expenses and other assets	796,166	777,224
Total assets	31,669,390	31,486,976
Liabilities and Equity:
Trade and other payables	599,067	583,340
Total liabilities	26,464,789	26,424,000
RJF equity	5,080,877	4,916,545
Noncontrolling interests	123,724	146,431
Total equity	5,204,601	5,062,976	$ 4,809,086
Total liabilities and equity	31,669,390	31,486,976
Total VIEs - primary beneficiary
Assets:
Cash and cash equivalents	5,827	8,302
Assets segregated pursuant to regulations and other segregated assets	2,436	2,412
Receivables, other	1,638	28,463
Other investments	104,730	103,632
Investments in real estate partnerships held by consolidated variable interest entities	65,306	61,004
Trust fund investment in RJF common stock	14,954	9,948
Prepaid expenses and other assets	6	0
Total assets	194,897	213,761
Liabilities and Equity:
Trade and other payables	7,609	3,617
Intercompany payables	18,237	15,703
Total liabilities	25,846	19,320
RJF equity	41,219	40,729
Noncontrolling interests	127,832	153,712
Total equity	169,051	194,441
Total liabilities and equity	$ 194,897	$ 213,761

VARIABLE INTEREST ENTITIES, P76

VARIABLE INTEREST ENTITIES, Primary Beneficiary - Net Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Revenues:
Interest	$ 182,782	$ 142,472
Other	22,587	13,576
Total revenues	1,528,768	1,300,857
Non-interest expenses	1,285,287	1,104,085
Net income including noncontrolling interests	147,703	108,064
Net income attributable to noncontrolling interests	1,136	1,735
Net income attributable to Raymond James Financial, Inc.	146,567	106,329
Total VIEs - primary beneficiary
Revenues:
Interest	416	302
Other	2,242	489
Total revenues	2,658	791
Non-interest expenses	2,029	1,275
Net income including noncontrolling interests	629	(484)
Net income attributable to noncontrolling interests	139	181
Net income attributable to Raymond James Financial, Inc.	$ 490	$ (665)

VARIABLE INTEREST ENTITIES, Not

VARIABLE INTEREST ENTITIES, Not the Primary Beneficiary - Aggregate Assets, Liabilities Exposure to Loss (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Sep. 30, 2016
Variable interest entity, nonconsolidated, carrying amount of assets and liabilities [Abstract]
Aggregate assets	$ 0	$ 99,483
Aggregate liabilities	0	74
Our risk of loss	0	0
LIHTC funds - not primary beneficiary
Variable interest entity, nonconsolidated, carrying amount of assets and liabilities [Abstract]
Aggregate assets	4,394,733	4,217,812
Aggregate liabilities	1,446,968	1,429,085
Our risk of loss	131,134	83,562
NMTC funds - not primary beneficiary
Variable interest entity, nonconsolidated, carrying amount of assets and liabilities [Abstract]
Aggregate assets	30,230	65,338
Aggregate liabilities	77	68
Our risk of loss	9	12
Private equity interest - not primary beneficiary
Variable interest entity, nonconsolidated, carrying amount of assets and liabilities [Abstract]
Aggregate assets	15,895,112	14,286,950
Aggregate liabilities	136,813	132,334
Our risk of loss	74,336	70,336
Other real estate limited partnerships and LLCs - not primary beneficiary
Variable interest entity, nonconsolidated, carrying amount of assets and liabilities [Abstract]
Aggregate assets	2,459	2,240
Aggregate liabilities	0	0
Our risk of loss	2,459	2,240
Total VIEs - not primary beneficiary
Variable interest entity, nonconsolidated, carrying amount of assets and liabilities [Abstract]
Aggregate assets	20,322,534	18,572,340
Aggregate liabilities	1,583,858	1,561,487
Our risk of loss	$ 207,938	$ 156,150

BANK DEPOSITS, Summary of Bank

BANK DEPOSITS, Summary of Bank Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Sep. 30, 2016
Bank deposits:
NOW accounts	$ 6,090	$ 4,958
Demand deposits (non-interest-bearing)	3,593	7,264
Savings and money market accounts	14,891,871	13,935,089
Certificates of deposit	288,236	315,236
Total bank deposits	$ 15,189,790	$ 14,262,547
Weighted-average rate [Abstract]
NOW accounts, weighted-average rate (in hundredths)	0.01%	0.01%
Demand deposits (non-interest-bearing), weighted-average rate (in hundredths)	0.00%	0.00%
Savings and money market accounts, weighted-average rate (in hundredths)	0.07%	0.05%
Certificates of deposit, weighted-average rate (in hundredths)	1.50%	1.55%
Total bank deposits, weighted-average rate (in hundredths)	0.10%	0.08%
Affiliate bank deposits excluded from total bank deposits	$ 404,000	$ 353,000
RJF parent cash deposited with RJ Bank	398,000	$ 350,000
Time deposit amount that exceeds FDIC insurance limit	$ 19,000

BANK DEPOSITS, Schedule Maturit

BANK DEPOSITS, Schedule Maturities of Certificates of Deposit (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Sep. 30, 2016
Scheduled maturities of certificates of deposit, denominations greater than or equal to $100,000 [Abstract]
Three months or less	$ 14,311	$ 14,252
Over three through six months	8,474	14,191
Over six through twelve months	9,094	15,452
Over one through two years	43,209	32,816
Over two through three years	42,876	43,730
Over three through four years	56,486	58,425
Over four through five years	15,220	26,173
Total	189,670	205,039
Scheduled maturities of certificates of deposit, denominations less than 100,000 [Abstract]
Three months or less	9,918	12,663
Over three through six months	7,717	9,750
Over six through twelve months	6,696	12,321
Over one through two years	15,269	11,060
Over two through three years	21,706	22,148
Over three through four years	28,890	28,863
Over four through five years	8,370	13,392
Total	$ 98,566	$ 110,197

BANK DEPOSITS, Summary of Inter

BANK DEPOSITS, Summary of Interest Expense on Deposits (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Interest expense on deposits [Abstract]
Certificates of deposit	$ 1,135	$ 1,448
Money market, savings and NOW accounts (1)	1,648	571
Total interest expense on deposits	$ 2,783	$ 2,019

OTHER BORROWINGS (Details)

OTHER BORROWINGS (Details) - USD ($)	3 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Aug. 31, 2015
Other Borrowings [Line Items]
Total other borrowings	$ 915,921,000	$ 608,658,000
Securities sold under agreements to repurchase	203,378,000	193,229,000
ClariVest Asset Management
Other Borrowings [Line Items]
Long-term line of credit	250,000	267,000
Line of credit facility, maximum borrowing capacity	$ 500,000
Prime Rate | ClariVest Asset Management
Other Borrowings [Line Items]
Debt instrument, basis spread on variable rate	1.00%
Federal Home Loan Bank Advances
Other Borrowings [Line Items]
Long-term line of credit	$ 675,000,000	575,000,000
FHLB Advance Maturing June 2018 and September 2018 | Federal Home Loan Bank Advances
Other Borrowings [Line Items]
Debt Instrument, face amount	650,000,000
FHLB Advance Maturing June 2018 | Federal Home Loan Bank Advances
Other Borrowings [Line Items]
Debt Instrument, face amount	100,000,000
FHLB Advance Maturing September 2018 | Federal Home Loan Bank Advances
Other Borrowings [Line Items]
Debt Instrument, face amount	550,000,000	550,000,000
FHLB Advance Maturing October 2020 | Federal Home Loan Bank Advances
Other Borrowings [Line Items]
Debt Instrument, face amount	25,000,000	$ 25,000,000
Stated interest rate		3.40%
RJF Credit Facility | Revolving Credit Facility
Other Borrowings [Line Items]
Long-term line of credit	0	$ 0
Line of credit facility, maximum borrowing capacity			$ 300,000,000
5.70% mortgage notes payable on our headquarters office complex, due 2023 | Mortgages
Other Borrowings [Line Items]
Long-term debt	$ 32,271,000	33,391,000
Stated interest rate	5.70%
Collateral amount	$ 44,000,000
Secured Debt
Other Borrowings [Line Items]
Long-term line of credit	208,400,000	0
Unsecured Debt
Other Borrowings [Line Items]
Long-term line of credit	$ 0	$ 0
Weighted average | Federal Home Loan Bank Advances
Other Borrowings [Line Items]
FHLB, advances, branch of FHLB bank, interest rate	1.10%

DERIVATIVE FINANCIAL INSTRUME82

DERIVATIVE FINANCIAL INSTRUMENTS (Details)	3 Months Ended
	Dec. 31, 2016USD ($)designated_hedge	Dec. 31, 2015USD ($)	Sep. 30, 2016USD ($)
Derivative [Line Items]
Receivable for uncollectible derivative transaction fee revenues	$ 6,000,000		$ 7,000,000
Derivative asset, obligation to return cash (right to reclaim cash), offset	5,000,000		(33,000,000)
Derivative liability, right to reclaim cash (obligation to return cash), offset	(3,000,000)		$ 3,000,000
Maximum loss exposure on interest rate derivatives	24,000,000
RJ Bank
Derivative [Line Items]
Cash flow hedge gain (loss) to be reclassified within twelve months	$ (5,000,000)
Maximum length of time hedged in cash flow hedge	10 years
Forward foreign exchange contracts
Derivative [Line Items]
Hedge ineffectiveness	$ 0	$ 0
Gain (loss) from components excluded from assessment of fair value hedge effectiveness	$ 0	$ 0
OTC derivatives
Derivative [Line Items]
Number of designated as fair value hedges | designated_hedge	0
Number of derivatives designated as cash flow hedges | designated_hedge	0
Derivative instruments associated with offsetting matched book positions
Derivative [Line Items]
Number of designated as fair value hedges | designated_hedge	0
Number of derivatives designated as cash flow hedges | designated_hedge	0

DERIVATIVE FINANCIAL INSTRUME83

DERIVATIVE FINANCIAL INSTRUMENTS, Balance Sheet Location (Details) € in Thousands, CAD in Thousands, $ in Thousands	Dec. 31, 2016USD ($)	Dec. 31, 2016CAD	Dec. 31, 2016EUR (€)	Sep. 30, 2016USD ($)	Sep. 30, 2016CAD	Sep. 30, 2016EUR (€)
Designated as hedging instrument | Foreign exchange forward with denominated notional amount in CAD | Prepaid expenses and other assets
Derivative assets [Abstract]
Notional amount | CAD		CAD 0			CAD 988,200
Fair value	$ 0			$ 1,396
Designated as hedging instrument | Foreign exchange forward with denominated notional amount in CAD | Trade and other payables
Liabilities derviatives [Abstract]
Notional amount | CAD		997,900			0
Derivative contracts	5,680			0
Designated as hedging instrument | Interest rate contract with denominated notional amount in USD | Prepaid expenses and other assets
Derivative assets [Abstract]
Notional amount	650,000			0
Fair value	14,844			0
Designated as hedging instrument | Interest rate contract with denominated notional amount in USD | Trade and other payables
Liabilities derviatives [Abstract]
Notional amount	0			550,000
Derivative contracts	0			26,671
Derivatives not designated as hedging instruments | Foreign exchange forward with denominated notional amount in CAD | Prepaid expenses and other assets
Derivative assets [Abstract]
Notional amount | CAD		0			411,300
Fair value	0			620
Derivatives not designated as hedging instruments | Foreign exchange forward with denominated notional amount in CAD | Trade and other payables
Liabilities derviatives [Abstract]
Notional amount | CAD		436,300			0
Derivative contracts	2,487			0
Derivatives not designated as hedging instruments | Interest rate contract with denominated notional amount in USD | Trading instruments
Derivative assets [Abstract]
Notional amount	2,622,124			2,036,233
Fair value	110,363			153,482
Derivatives not designated as hedging instruments | Interest rate contract with denominated notional amount in USD | Derivative instruments associated with offsetting matched book positions
Derivative assets [Abstract]
Notional amount	1,462,595			1,469,295
Fair value	299,393			422,196
Liabilities derviatives [Abstract]
Notional amount	1,462,595			1,469,295
Derivative contracts	299,393			422,196
Derivatives not designated as hedging instruments | Interest rate contract with denominated notional amount in USD | Trading instruments sold
Liabilities derviatives [Abstract]
Notional amount	2,482,299			1,997,100
Derivative contracts	100,691			145,296
Derivatives not designated as hedging instruments | Interest rate contract with denominated notional amount in CAD | Trading instruments
Derivative assets [Abstract]
Notional amount | CAD		135,791			121,715
Fair value	4,567			9,760
Derivatives not designated as hedging instruments | Interest rate contract with denominated notional amount in CAD | Trading instruments sold
Liabilities derviatives [Abstract]
Notional amount | CAD		CAD 150,576			CAD 133,108
Derivative contracts	2,733			6,398
Derivatives not designated as hedging instruments | Foreign exchange forward with denominated notional amount in EURO | Trade and other payables
Liabilities derviatives [Abstract]
Notional amount | €			€ 29,200			€ 0
Derivative contracts	285			0
Derivatives not designated as hedging instruments | DBRSU derivative
Liabilities derviatives [Abstract]
Derivative contracts	24,144			17,769
Derivatives not designated as hedging instruments | DBRSU derivative | Accrued compensation, commissions and benefits
Liabilities derviatives [Abstract]
Notional amount	24,144			17,769
Derivative contracts	$ 24,144			$ 17,769

DERIVATIVE FINANCIAL INSTRUME84

DERIVATIVE FINANCIAL INSTRUMENTS, Derivative Gain (Loss) Recognized in AOCI (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Total gains recognized in AOCI, net of taxes	$ 37,064	$ 15,502
Forward foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Total gains recognized in AOCI, net of taxes	11,326	12,237
Interest rate contract
Derivative Instruments, Gain (Loss) [Line Items]
Total gains recognized in AOCI, net of taxes	$ 25,738	$ 3,265

DERIVATIVE FINANCIAL INSTRUME85

DERIVATIVE FINANCIAL INSTRUMENTS, Income Statement Location (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Sep. 30, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Number of share held as an economic hedge (in shares)	900,000		900,000
Derivatives not designated as hedging instruments | Net trading profit | Interest rate contract
Derivative Instruments, Gain (Loss) [Line Items]
Change in fair value of derivative liability	$ 2,229	$ 408
Derivatives not designated as hedging instruments | Other revenues | Interest rate contract
Derivative Instruments, Gain (Loss) [Line Items]
Change in fair value of derivative liability	(26)	23
Derivatives not designated as hedging instruments | Other revenues | Forward foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Change in fair value of derivative liability	7,914	5,558
Derivatives not designated as hedging instruments | Accrued compensation, commissions and benefits | DBRSU derivative
Derivative Instruments, Gain (Loss) [Line Items]
Change in fair value of derivative liability	6,725	0
Derivatives not designated as hedging instruments | Acquisition-related expenses | DBRSU derivative
Derivative Instruments, Gain (Loss) [Line Items]
Change in fair value of derivative liability	$ (350)	$ 0

DERIVATIVE FINANCIAL INSTRUME86

DERIVATIVE FINANCIAL INSTRUMENTS, Risk (Details) $ in Millions	Dec. 31, 2016USD ($)agency
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Debt, minimum number of agencies required to maintain an investment grade rating | agency	1
Derivative in liability position fair value	$ 7
Derivative in liability position posted collateral	1
Derivative in liability position additional collateral posted if contingent features are triggered	$ 6

DISCLOSURE OF OFFSETTING ASSE87

DISCLOSURE OF OFFSETTING ASSETS AND LIABILITIES, COLLATERAL, ENCUMBERED ASSETS, AND REPURCHASE AGREEMENTS, Offsetting (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Sep. 30, 2016
Securities purchased under agreements to resell and other collateralized financings [Abstract]
Gross amounts of recognized assets	$ 358,493	$ 470,222
Gross amounts offset in the Statements of Financial Condition	0	0
Net amounts presented in the Statements of Financial Condition	358,493	470,222
Gross amounts not offset in the Statements of Financial Condition, financial instruments	(358,493)	(470,222)
Gross amounts not offset in the Statements of Financial Condition, cash collateral received (paid)	0	0
Net amount	0	0
Derivative assets [Abstract]
Derivative instruments associated with offsetting matched book positions	299,393	422,196
Net amounts presented in the Statements of Financial Condition	55,920	55,703
Stock borrowed [Abstract]
Gross amounts of recognized assets	154,718	170,860
Gross amounts offset in the Statement of Financial Condition	0	0
Net amounts presented in the Statement of Financial Condition	154,718	170,860
Gross amounts not offset in the Statement of Financial Condition, financial instruments	(151,060)	(167,169)
Gross amounts not offset in the Statement of Financial Condition, cash collateral (paid)	0	0
Net amount	3,658	3,691
Total assets [Abstract]
Gross amounts of recognized assets	942,378	1,228,536
Gross amounts offset in the Statement of Financial Condition	(59,010)	(107,539)
Net amounts presented in the Statement of Financial Condition	883,368	1,120,997
Gross amounts not offset in the Statement of Financial Condition, financial instruments	(821,633)	(1,088,615)
Gross amounts not offset in the Statement of Financial Condition, cash collateral (paid)	(15,625)	0
Net amount	46,110	32,382
Securities sold under agreements to repurchase [Abstract]
Gross amounts of recognized (liabilities)	(203,378)	(193,229)
Gross amounts offset in the Statement of Financial Condition	0	0
Net amounts presented in the Statement of Financial Condition	(203,378)	(193,229)
Gross amounts not offset in the Statement of Financial Condition, financial instruments	203,378	193,229
Gross amounts not offset in the Statement of Financial Condition, cash collateral received (paid)	0	0
Net amount	0	0
Derivative liabilities [Abstract]
Derivative instruments associated with offsetting matched book positions	(299,393)	(422,196)
Net amounts presented in the Statement of Financial Condition	(53,066)	(8,835)
Stock loaned [Abstract]
Gross amounts of recognized (liabilities)	(428,600)	(677,761)
Gross amounts offset in the Statement of Financial Condition	0	0
Net amounts presented in the Statement of Financial Condition	(428,600)	(677,761)
Gross amounts not offset in the Statement of Financial Condition, financial instruments	412,803	664,870
Gross amounts not offset in the Statement of Financial Condition, cash collateral received (paid)	0	0
Net amount	(15,797)	(12,891)
Total liabilities [Abstract]
Gross amounts of recognized (liabilities)	(1,067,391)	(1,489,320)
Gross amounts offset in the Statement of Financial Condition	50,358	142,859
Net amounts presented in the Statements of Financial Condition	(1,017,033)	(1,346,461)
Gross amounts not offset in the Statement of Financial Condition, financial instruments	918,432	1,282,732
Gross amounts not offset in the Statement of Financial Condition, cash collateral received (paid)	0	26,671
Net amount	(98,601)	(37,058)
Securities purchased under agreements to resell collateral obligation to return securities	373,000	486,000
Securities sold under agreements to repurchase, fair value of collateral	$ 210,000	$ 200,000
Number of share held as an economic hedge (in shares)	900,000	900,000
Derivative instruments associated with offsetting matched book positions
Derivative liabilities [Abstract]
Net amount		$ 0
Derivatives not designated as hedging instruments
Derivative assets [Abstract]
Derivative instruments associated with offsetting matched book positions	$ 299,393	422,196
Derivative liabilities [Abstract]
Derivative instruments associated with offsetting matched book positions	(299,393)	(422,196)
Derivatives not designated as hedging instruments | DBRSU derivative
Derivative liabilities [Abstract]
Gross amount of recognized (liabilities)	(24,144)	(17,769)
Gross amounts offset in the Statement of Financial Condition	0	0
Net amounts presented in the Statement of Financial Condition	(24,144)	(17,769)
Gross amounts not offset in the Statement of Financial Condition, financial instruments	0	0
Gross amounts not offset in the Statement of Financial Condition, cash collateral received	0	0
Net amount	(24,144)	(17,769)
Derivatives not designated as hedging instruments | Derivative instruments associated with offsetting matched book positions
Derivative assets [Abstract]
Derivative contracts	299,393	422,196
Gross amounts offset in the Statements of Financial Condition	0	0
Derivative assets, Gross amounts not offset in the Statement of Financial Condition, financial instruments	(299,393)	(422,196)
Derivative assets, Gross amounts not offset in the Statement of Financial Condition, cash collateral (paid)	0	0
Net amount	0	0
Derivative liabilities [Abstract]
Gross amount of recognized (liabilities)	(299,393)	(422,196)
Gross amounts offset in the Statement of Financial Condition	0	0
Gross amounts not offset in the Statement of Financial Condition, financial instruments	299,393	422,196
Gross amounts not offset in the Statement of Financial Condition, cash collateral received	0	0
Net amount	0
Designated as hedging instrument | Interest rate contract with denominated notional amount in USD
Total liabilities [Abstract]
Fair value of cash collateral deposited		8,000
Over the counter | Derivatives not designated as hedging instruments | Interest rate contract with denominated notional amount in USD
Derivative assets [Abstract]
Derivative contracts	110,363	153,482
Gross amounts offset in the Statements of Financial Condition	(59,010)	(107,539)
Net amounts presented in the Statements of Financial Condition	51,353	45,943
Derivative assets, Gross amounts not offset in the Statement of Financial Condition, financial instruments	(12,687)	(29,028)
Derivative assets, Gross amounts not offset in the Statement of Financial Condition, cash collateral (paid)	(15,625)	0
Net amount	23,041	16,915
Derivative liabilities [Abstract]
Gross amount of recognized (liabilities)	(100,691)	(145,296)
Gross amounts offset in the Statement of Financial Condition	50,358	142,859
Net amounts presented in the Statement of Financial Condition	(50,333)	(2,437)
Gross amounts not offset in the Statement of Financial Condition, financial instruments	2,858	2,437
Gross amounts not offset in the Statement of Financial Condition, cash collateral received	0	0
Net amount	(47,475)	0
Over the counter | Derivatives not designated as hedging instruments | Interest rate contract with denominated notional amount in CAD
Derivative assets [Abstract]
Derivative contracts	4,567	9,760
Gross amounts offset in the Statements of Financial Condition	0	0
Net amounts presented in the Statements of Financial Condition	4,567	9,760
Derivative assets, Gross amounts not offset in the Statement of Financial Condition, financial instruments	0	0
Derivative assets, Gross amounts not offset in the Statement of Financial Condition, cash collateral (paid)	0	0
Net amount	4,567	9,760
Derivative liabilities [Abstract]
Gross amount of recognized (liabilities)	(2,733)	(6,398)
Gross amounts offset in the Statement of Financial Condition	0	0
Net amounts presented in the Statement of Financial Condition	(2,733)	(6,398)
Gross amounts not offset in the Statement of Financial Condition, financial instruments	0	0
Gross amounts not offset in the Statement of Financial Condition, cash collateral received	0	0
Net amount	(2,733)	(6,398)
RJ Bank | Interest rate contract with denominated notional amount in CAD
Total liabilities [Abstract]
Fair value of cash collateral deposited		42,000
RJ Bank | Forward foreign exchange contracts
Derivative assets [Abstract]
Derivative contracts		2,016
Gross amounts offset in the Statements of Financial Condition		0
Net amounts presented in the Statements of Financial Condition		2,016
Derivative assets, Gross amounts not offset in the Statement of Financial Condition, financial instruments		0
Derivative assets, Gross amounts not offset in the Statement of Financial Condition, cash collateral (paid)		0
Net amount		2,016
Derivative liabilities [Abstract]
Gross amount of recognized (liabilities)	(8,452)
Gross amounts offset in the Statement of Financial Condition	0
Net amounts presented in the Statement of Financial Condition	(8,452)
Gross amounts not offset in the Statement of Financial Condition, financial instruments	0
Gross amounts not offset in the Statement of Financial Condition, cash collateral received	0
Net amount	(8,452)
RJ Bank | Designated as hedging instrument | Interest rate contract with denominated notional amount in USD
Derivative assets [Abstract]
Derivative contracts	14,844
Gross amounts offset in the Statements of Financial Condition	0
Net amounts presented in the Statements of Financial Condition	14,844
Derivative assets, Gross amounts not offset in the Statement of Financial Condition, financial instruments	0
Derivative assets, Gross amounts not offset in the Statement of Financial Condition, cash collateral (paid)	0
Net amount	14,844
Derivative liabilities [Abstract]
Gross amount of recognized (liabilities)		(26,671)
Gross amounts offset in the Statement of Financial Condition		0
Net amounts presented in the Statement of Financial Condition		(26,671)
Gross amounts not offset in the Statement of Financial Condition, financial instruments		0
Gross amounts not offset in the Statement of Financial Condition, cash collateral received		26,671
Net amount		0
Recurring
Derivative assets [Abstract]
Gross amounts offset in the Statements of Financial Condition	(59,010)	(107,539)
Derivative liabilities [Abstract]
Gross amounts offset in the Statement of Financial Condition	50,358	142,859
Recurring | DBRSU derivative
Total liabilities [Abstract]
Other investments, fair value disclosures, share based compensation economic hedge	$ 16,000	$ 12,000

DISCLOSURE OF OFFSETTING ASSE88

DISCLOSURE OF OFFSETTING ASSETS AND LIABILITIES, COLLATERAL, ENCUMBERED ASSETS, AND REPURCHASE AGREEMENTS, Collateral (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Sep. 30, 2016
Collateral Received that Can be Resold or Repledged [Abstract]
Collateral we received that is available to be delivered or repledged	$ 2,834,781	$ 2,925,335
Collateral that we delivered or repledged	1,153,579	1,536,393
Value of margin securities pledged to clearing organizations	370,000	389,000
Securities reserve deposit required and made	$ 220,000	$ 203,000

DISCLOSURE OF OFFSETTING ASSE89

DISCLOSURE OF OFFSETTING ASSETS AND LIABILITIES, COLLATERAL, ENCUMBERED ASSETS, AND REPURCHASE AGREEMENTS, Encumbered Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Sep. 30, 2016
Financial instruments owned, at fair value, pledged to counterparties that:
Had the right to deliver or repledge	$ 394,240	$ 587,369
Did not have the right to deliver or repledge	81,632	25,200
Fair value of securities pledged with a clearing organization	44,000	19,000
Securities reserve deposit required and made	$ 220,000	$ 203,000

DISCLOSURE OF OFFSETTING ASSE90

DISCLOSURE OF OFFSETTING ASSETS AND LIABILITIES, COLLATERAL, ENCUMBERED ASSETS, AND REPURCHASE AGREEMENTS, Repurchase Agreements, Securities Lending Transactions & Repurchase-to-Maturity Transactions Accounted for as Secured Borrowings (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Sep. 30, 2016
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	$ 203,378	$ 193,229
Total	631,978	870,990
Gross amounts of recognized liabilities for repurchase agreements and securities lending transactions included in the Offsetting Assets and Liabilities table included within this footnote	631,978	870,990
Amounts related to repurchase agreements and securities lending transactions not included in the Offsetting Assets and Liabilities table included within this footnote	0	0
Government and agency obligations
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	95,783	99,056
Agency MBS and CMOs
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	107,595	94,173
Equity securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities loaned	428,600	677,761
Overnight and continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	203,378	185,226
Total	631,978	862,987
Overnight and continuous | Government and agency obligations
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	95,783	92,804
Overnight and continuous | Agency MBS and CMOs
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	107,595	92,422
Overnight and continuous | Equity securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities loaned	428,600	677,761
Up to 30 days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	0	8,003
Total	0	8,003
Up to 30 days | Government and agency obligations
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	0	6,252
Up to 30 days | Agency MBS and CMOs
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	0	1,751
Up to 30 days | Equity securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities loaned	0	0
30-90 days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	0	0
Total	0	0
30-90 days | Government and agency obligations
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	0	0
30-90 days | Agency MBS and CMOs
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	0	0
30-90 days | Equity securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities loaned	0	0
Greater than 90 days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	0	0
Total	0	0
Greater than 90 days | Government and agency obligations
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	0	0
Greater than 90 days | Agency MBS and CMOs
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	0	0
Greater than 90 days | Equity securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities loaned	$ 0	$ 0

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Effective income tax rate	29.00%	33.90%
Effective income tax rate reconciliation, share-based compensation, excess tax benefit, percent	9.00%
Decrease in unrecognized tax benefits is reasonably possible	$ 2

COMMITMENTS, CONTINGENCIES AN92

COMMITMENTS, CONTINGENCIES AND GUARANTEES, Commitments and Contingencies (Details) CAD in Millions, $ in Millions	3 Months Ended
	Dec. 31, 2016USD ($)commitment	Dec. 31, 2016CADcommitment
Fixed income underwriting commitment
Commitments [Line Items]
Number of open underwriting commitments | commitment	0	0
Underwriting commitment [Member]
Commitments [Line Items]
Amount of commitment | CAD		CAD 6
Unfunded loans not accepted by financial advisors and certain key revenue producers
Commitments [Line Items]
Amount of commitment	$ 104
Unfunded loans accepted by financial advisors and certain key revenue producers
Commitments [Line Items]
Amount of commitment	70
RJ Bank syndicated loans
Commitments [Line Items]
Purchased syndicated loans not yet settled	$ 79
Settlement days of purchased syndicated loan	90 days
Commitment to lend to RJTCF
Commitments [Line Items]
Amount of commitment	$ 225
Cash funded to invest in loans or investments in project partnerships	$ 148
Number of days that investments in project partnerships typically sold	90 days
Independent venture capital or private equity partnerships commitment
Commitments [Line Items]
Amount of commitment	$ 39
Internally sponsored private equity limited partnership commitment
Commitments [Line Items]
Unfunded commitments in which we control the general partner	18
Forward GNMA MBS purchase commitments
Commitments [Line Items]
Amount of commitment	$ 751
Expected time of purchase (in days)	90 days
TBA securities
Commitments [Line Items]
Net asset fair value	$ 6
Estimated fair value of the purchase commitment asset (liability)	$ (2)
The Producers Choice LLC | Minimum | Earn-Out Agreement
Commitments [Line Items]
Contingent consideration range of outcomes, measurement period	18 months
The Producers Choice LLC | Maximum | Earn-Out Agreement
Commitments [Line Items]
Contingent consideration range of outcomes, measurement period	3 years
Mummert & Company Corporate Finance GmbH | Minimum | Earn-Out Agreement
Commitments [Line Items]
Contingent consideration range of outcomes, measurement period	3 years
Mummert & Company Corporate Finance GmbH | Maximum | Earn-Out Agreement
Commitments [Line Items]
Contingent consideration range of outcomes, measurement period	5 years
Raymond James Ltd | Underwriting commitment [Member]
Commitments [Line Items]
Number of open underwriting commitments | commitment	5	5
Subsidiary of RJ Bank | Commitment to lend to RJTCF
Commitments [Line Items]
Amount of commitment	$ 62
Amount of commitments fulfilled	$ 58

COMMITMENTS, CONTINGENCIES AN93

COMMITMENTS, CONTINGENCIES AND GUARANTEES, Guarantees (Details)	3 Months Ended
	Dec. 31, 2016USD ($)Fund	Sep. 30, 2016USD ($)
Guarantees [Abstract]
Number of funds offering guaranteed performance to various third-parties on certain obligations | Fund	1
Low-income housing tax credit fund financing asset	$ 21,000,000
Amount of liability related to the low-income housing tax credit fund financing asset	21,000,000
Interest rate swap guarantee
Guarantees [Abstract]
Current exposure of guarantees	6,000,000
Estimated total potential exposure of guarantee	43,000,000
Securities Industry Protection Corporation (SIPC)
Guarantees [Abstract]
SIPC fund securities per customer limit (up to)	500,000
Per customer upper limit claims for cash balances	250,000
Raymond James & Associates Inc
Guarantees [Abstract]
Excess SIPC insured amount upper limit	750,000,000
Excess SIPC Sub-limit per customer cash above basic SIPC	1,900,000
Project partnerships sold guarantee
Guarantees [Abstract]
Current exposure of guarantees	2,000,000
Delivery of certain tax credits and other tax benefits guarantee
Guarantees [Abstract]
Current exposure of guarantees	$ 23,000,000
Number of years under the guarantee to deliver a certain amount of tax credits and other tax benefits	5 years
Mortgages | 5.70% mortgage notes payable on our headquarters office complex, due 2023
Guarantees [Abstract]
Senior notes payable	$ 32,271,000	$ 33,391,000

COMMITMENTS, CONTINGENCIES AN94

COMMITMENTS, CONTINGENCIES AND GUARANTEES, Legal and Regulatory Matters Contingencies (Details)	3 Months Ended
	Dec. 31, 2016USD ($)civil_court_actionfinancial_advisor
Legal matter contingencies [Abstract]
Indemnification asset	$ 34,000,000
Indemnification agreement
Legal matter contingencies [Abstract]
Loss contingency accrual	34,000,000
Pending litigation | Various lawsuits
Legal matter contingencies [Abstract]
Range of loss portion not accrued	$ 55,000,000
Pending litigation | Jay Peak Litigation
Legal matter contingencies [Abstract]
Loss contingency, number of financial advisors named as defendants | financial_advisor	1
Loss contingency, damages sought, misused funds value	$ 200,000,000
Loss contingency, damages sought, misappropriated funds value	$ 50,000,000
Loss contingency number of pending claims | civil_court_action	6
Minimum | Indemnification agreement
Legal matter contingencies [Abstract]
Loss contingency, estimate of possible loss	$ 14,000,000
Maximum | Indemnification agreement
Legal matter contingencies [Abstract]
Loss contingency, estimate of possible loss	$ 48,000,000

ACCUMULATED OTHER COMPREHENSI95

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS), Schedule of Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands		3 Months Ended
		Dec. 31, 2016	Dec. 31, 2015
Equity [Abstract]
Unrealized loss on available for sale securities and non-credit portion of other-than-temporary impairment losses	[1]	$ (4,146)	$ (6,791)
Net change in currency translations and net investment hedges, net of tax	[1]	1,001	(6,615)
Net change in cash flow hedges, net of tax	[1]	25,738	3,265
Net other comprehensive income (loss) for the period, net of tax		$ 22,593	$ (10,141)
[1]	All components of other comprehensive income (loss), net of tax, are attributable to Raymond James Financial, Inc.

ACCUMULATED OTHER COMPREHENSI96

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS), Schedule of Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated other comprehensive income (loss) as of the beginning of the period	$ 4,916,545
Net other comprehensive income (loss) for the period, net of tax	22,593	$ (10,141)
Accumulated other comprehensive income (loss) as of the end of the period	5,080,877
Available for sale securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated other comprehensive income (loss) as of the beginning of the period	(4,156)	1,420
Other comprehensive income (loss) before reclassifications and taxes	(6,858)	(10,852)
Amounts reclassified from accumulated other comprehensive income (loss), before tax	(12)	0
Pre-tax net other comprehensive income (loss)	(6,870)	(10,852)
Income tax effect	2,724	4,061
Net other comprehensive income (loss) for the period, net of tax	(4,146)	(6,791)
Accumulated other comprehensive income (loss) as of the end of the period	(8,302)	(5,371)
Net investment hedges
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated other comprehensive income (loss) as of the beginning of the period	86,482	93,203
Other comprehensive income (loss) before reclassifications and taxes	18,098	19,556
Amounts reclassified from accumulated other comprehensive income (loss), before tax	0	0
Pre-tax net other comprehensive income (loss)	18,098	19,556
Income tax effect	(6,772)	(7,319)
Net other comprehensive income (loss) for the period, net of tax	11,326	12,237
Accumulated other comprehensive income (loss) as of the end of the period	97,808	105,440
Currency translations
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated other comprehensive income (loss) as of the beginning of the period	(121,576)	(130,476)
Other comprehensive income (loss) before reclassifications and taxes	(17,756)	(19,877)
Amounts reclassified from accumulated other comprehensive income (loss), before tax	6,537	0
Pre-tax net other comprehensive income (loss)	(11,219)	(19,877)
Income tax effect	894	1,025
Net other comprehensive income (loss) for the period, net of tax	(10,325)	(18,852)
Accumulated other comprehensive income (loss) as of the end of the period	(131,901)	(149,328)
Sub-total: net investment hedges and currency translations
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated other comprehensive income (loss) as of the beginning of the period	(35,094)	(37,273)
Other comprehensive income (loss) before reclassifications and taxes	342	(321)
Amounts reclassified from accumulated other comprehensive income (loss), before tax	6,537	0
Pre-tax net other comprehensive income (loss)	6,879	(321)
Income tax effect	(5,878)	(6,294)
Net other comprehensive income (loss) for the period, net of tax	1,001	(6,615)
Accumulated other comprehensive income (loss) as of the end of the period	(34,093)	(43,888)
Cash flow hedges
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated other comprehensive income (loss) as of the beginning of the period	(16,483)	(4,650)
Other comprehensive income (loss) before reclassifications and taxes	39,941	3,858
Amounts reclassified from accumulated other comprehensive income (loss), before tax	1,572	1,408
Pre-tax net other comprehensive income (loss)	41,513	5,266
Income tax effect	(15,775)	(2,001)
Net other comprehensive income (loss) for the period, net of tax	25,738	3,265
Accumulated other comprehensive income (loss) as of the end of the period	9,255	(1,385)
Accumulated other comprehensive loss
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated other comprehensive income (loss) as of the beginning of the period	(55,733)	(40,503)
Other comprehensive income (loss) before reclassifications and taxes	33,425	(7,315)
Amounts reclassified from accumulated other comprehensive income (loss), before tax	8,097	1,408
Pre-tax net other comprehensive income (loss)	41,522	(5,907)
Income tax effect	(18,929)	(4,234)
Net other comprehensive income (loss) for the period, net of tax	22,593	(10,141)
Accumulated other comprehensive income (loss) as of the end of the period	$ (33,140)	$ (50,644)

ACCUMULATED OTHER COMPREHENSI97

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS), Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Other revenue	$ (22,587)	$ (13,576)
Interest expense	35,966	26,699
Other expense	81,974	42,804
Provision for income taxes	59,812	62,009
Net income attributable to Raymond James Financial, Inc.	(146,567)	(106,329)
Available for sale securities | Reclassification out of accumulated other comprehensive income
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Total before tax	(8,097)	(1,408)
Provision for income taxes	(3,076)	(535)
Net income attributable to Raymond James Financial, Inc.	5,021	873
Available for sale securities | Interest rate contract | Reclassification out of accumulated other comprehensive income
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	1,572	$ 1,408
Currency translations | Reclassification out of accumulated other comprehensive income
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Other expense	6,537
RJ Bank available for sale securities | Available for sale securities | Reclassification out of accumulated other comprehensive income
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Other revenue	$ (12)

INTEREST INCOME AND INTEREST 98

INTEREST INCOME AND INTEREST EXPENSE (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Interest income:
Margin balances	$ 19,981	$ 17,434
Assets segregated pursuant to regulations and other segregated assets	8,129	3,972
Bank loans, net of unearned income	135,525	107,601
Available for sale securities	3,400	1,651
Trading instruments	5,006	4,281
Stock loan	2,732	1,915
Loans to financial advisors	3,308	1,899
Corporate cash and all other	4,701	3,719
Total interest income	182,782	142,472
Interest expense:
Brokerage client liabilities	676	227
Retail bank deposits (1)	2,783	2,019
Trading instruments sold but not yet purchased	1,328	1,191
Stock borrow	1,228	623
Borrowed funds	3,719	2,765
Senior notes	24,699	19,091
Other	1,533	783
Total interest expense	35,966	26,699
Net interest income	146,816	115,773
Add (subtract): benefit (provision) for loan losses	1,040	(13,910)
Net interest income after benefit (provision) for loan losses	$ 147,856	$ 101,863

SHARE-BASED COMPENSATION, Stock

SHARE-BASED COMPENSATION, Stock Option Awards (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Dec. 31, 2016USD ($)plan$ / sharesshares	Dec. 31, 2015USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share based compensation plans | plan	1
Employees | Stock incentive plan 2012 | Stock option awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based expense	$ 2,287	$ 2,565
Income tax expense	165	$ 204
Excess tax benefit (reduction of prior tax benefit) from share-based payments	$ 2,000
Stock options granted (in shares) | shares	219,800
Weighted-average grant date fair value per option (in dollars per share) | $ / shares	$ 19.92
Unrecognized pre-tax expense	$ 21,000
Remaining weighted-average period (in years)	2 years 11 months 23 days

SHARE-BASED COMPENSATION, Restr

SHARE-BASED COMPENSATION, Restricted stock and restricted stock unit awards (Details) - Stock incentive plan 2012 - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Restricted stock and restricted stock units (RSU's)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Excess tax benefit from share-based payments	$ 17,000
Restricted stock and restricted stock units (RSU's) | Acquisition-related expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based expense	5,000
Restricted stock and restricted stock units (RSU's) | Employees and directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based expense	27,650	$ 17,904
Income tax expense	10,035	$ 6,360
Restricted stock units | Employees and directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested awards, compensation cost not yet recognized	$ 163,000
Remaining weighted-average period (in years)	3 years 6 months
Restricted stock units | Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of restricted stock awards granted (in shares)	1,475,479
Weighted-average grant-date fair value of awards granted (in dollars per share)	$ 71.88
Restricted stock units | Outside directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of restricted stock awards granted (in shares)	0
Restricted stock units | Independent contractor financial advisors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number	0

SHARE-BASED COMPENSATION, Deuts

SHARE-BASED COMPENSATION, Deutsche Bank Restricted Stock Awards (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Sep. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share held as an economic hedge (in shares)	900,000		900,000
U.S. Private Client Services of Deutsche WM
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share held as an economic hedge (in shares)	900,000
U.S. Private Client Services of Deutsche WM | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Income tax expense	$ 2,920
Prepaid compensation expense	$ 14,000
Estimated weighted-average fair value per common share (usd per share)	$ 18.10
U.S. Private Client Services of Deutsche WM | Accrued compensation, commissions and benefits | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Amortization of DBRSU prepaid compensation asset	$ 1,542
Change in fair value of derivative liability	6,375
Net loss before tax	$ 7,917
Prepaid expenses and other assets | U.S. Private Client Services of Deutsche WM | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contingent consideration, prepaid asset amortization period	3 years
Deutsche Bank shares held as economic hedge | U.S. Private Client Services of Deutsche WM | Accrued compensation, commissions and benefits | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Change in fair value of derivative liability	$ 4,000
Derivatives not designated as hedging instruments | DBRSU derivative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Derivative contract liability, gross	24,144		$ 17,769
Derivatives not designated as hedging instruments | DBRSU derivative | Accrued compensation, commissions and benefits
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Change in fair value of derivative liability	(6,725)	$ 0
Derivatives not designated as hedging instruments | DBRSU derivative | Accrued compensation, commissions and benefits
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Derivative contract liability, gross	$ 24,144		$ 17,769

REGULATIONS AND CAPITAL REQU102

REGULATIONS AND CAPITAL REQUIREMENTS (Details) CAD in Thousands, $ in Thousands	Jan. 01, 2016	Dec. 31, 2016USD ($)	Dec. 31, 2016CAD	Sep. 30, 2016USD ($)	Sep. 30, 2016CAD
Capital Required for Capital Adequacy Ratio, Capital Conservation Buffer [Abstract]
Annual increases (in hundredths)	0.625%
Maximum (in hundredths)	2.50%
Buffer required (in hundredths)		0.625%
Raymond James Financial Inc
Capital Required for Capital Adequacy Ratio, Capital Conservation Buffer [Abstract]
Actual (in hundredths)		14.20%
Common equity Tier 1 capital
Actual, amount		$ 4,579,075		$ 4,421,956
Actual, ratio (in hundredths)		21.20%	21.20%	20.60%	20.60%
Requirement for capital adequacy purposes, amount		$ 973,639		$ 966,341
Requirement for capital adequacy purposes, ratio (in hundredths)		4.50%	4.50%	4.50%	4.50%
To be well capitalized under regulatory provisions, amount		$ 1,406,368		$ 1,395,825
To be well capitalized under regulatory provisions, ratio (in hundredths)		6.50%	6.50%	6.50%	6.50%
Tier 1 capital
Actual, amount		$ 4,579,075		$ 4,421,956
Actual, ratio (in hundredths)		21.20%	21.20%	20.60%	20.60%
Requirement for capital adequacy purposes, amount		$ 1,298,186		$ 1,288,454
Requirement for capital adequacy purposes, ratio (in hundredths)		6.00%	6.00%	6.00%	6.00%
To be well capitalized under regulatory provisions, amount		$ 1,730,914		$ 1,717,939
To be well capitalized under regulatory provisions, ratio (in hundredths)		8.00%	8.00%	8.00%	8.00%
Total capital
Actual, amount		$ 4,793,062		$ 4,636,009
Actual, ratio (in hundredths)		22.20%	22.20%	21.60%	21.60%
Requirement for capital adequacy purposes, amount		$ 1,730,914		$ 1,717,939
Requirement for capital adequacy purposes, ratio (in hundredths)		8.00%	8.00%	8.00%	8.00%
To be well capitalized under regulatory provisions, amount		$ 2,163,643		$ 2,147,424
To be well capitalized under regulatory provisions, ratio (in hundredths)		10.00%	10.00%	10.00%	10.00%
Tier 1 leverage
Actual, amount		$ 4,579,075		$ 4,421,956
Actual, ratio (in hundredths)		14.50%	14.50%	15.00%	15.00%
Requirement for capital adequacy purposes, amount		$ 1,262,106		$ 1,177,840
Requirement for capital adequacy purposes, ratio (in hundredths)		4.00%	4.00%	4.00%	4.00%
To be well capitalized under regulatory provisions, amount		$ 1,577,632		$ 1,472,300
To be well capitalized under regulatory provisions, ratio (in hundredths)		5.00%	5.00%	5.00%	5.00%
RJ Bank
Capital Required for Capital Adequacy Ratio, Capital Conservation Buffer [Abstract]
Actual (in hundredths)		5.70%
Common equity Tier 1 capital
Actual, amount		$ 1,719,444		$ 1,675,890
Actual, ratio (in hundredths)		12.50%	12.50%	12.70%	12.70%
Requirement for capital adequacy purposes, amount		$ 620,242		$ 592,864
Requirement for capital adequacy purposes, ratio (in hundredths)		4.50%	4.50%	4.50%	4.50%
To be well capitalized under regulatory provisions, amount		$ 895,906		$ 856,360
To be well capitalized under regulatory provisions, ratio (in hundredths)		6.50%	6.50%	6.50%	6.50%
Tier 1 capital
Actual, amount		$ 1,719,444		$ 1,675,890
Actual, ratio (in hundredths)		12.50%	12.50%	12.70%	12.70%
Requirement for capital adequacy purposes, amount		$ 826,990		$ 790,486
Requirement for capital adequacy purposes, ratio (in hundredths)		6.00%	6.00%	6.00%	6.00%
To be well capitalized under regulatory provisions, amount		$ 1,102,653		$ 1,053,981
To be well capitalized under regulatory provisions, ratio (in hundredths)		8.00%	8.00%	8.00%	8.00%
Total capital
Actual, amount		$ 1,892,158		$ 1,841,112
Actual, ratio (in hundredths)		13.70%	13.70%	14.00%	14.00%
Requirement for capital adequacy purposes, amount		$ 1,102,653		$ 1,053,981
Requirement for capital adequacy purposes, ratio (in hundredths)		8.00%	8.00%	8.00%	8.00%
To be well capitalized under regulatory provisions, amount		$ 1,378,317		$ 1,317,476
To be well capitalized under regulatory provisions, ratio (in hundredths)		10.00%	10.00%	10.00%	10.00%
Tier 1 leverage
Actual, amount		$ 1,719,444		$ 1,675,890
Actual, ratio (in hundredths)		9.70%	9.70%	9.90%	9.90%
Requirement for capital adequacy purposes, amount		$ 710,762		$ 675,939
Requirement for capital adequacy purposes, ratio (in hundredths)		4.00%	4.00%	4.00%	4.00%
To be well capitalized under regulatory provisions, amount		$ 888,453		$ 844,924
To be well capitalized under regulatory provisions, ratio (in hundredths)		5.00%	5.00%	5.00%	5.00%
Raymond James & Associates Inc
Alternative Method Elected [Abstract]
Net capital as a percent of aggregate debit items (in hundredths)		21.80%	21.80%	19.61%	19.61%
Net capital		$ 560,866		$ 512,594
Less: required net capital		(51,454)		(52,287)
Excess net capital		509,412		460,307
Raymond James Financial Services Inc
Alternative Method Elected [Abstract]
Net capital		26,879		27,013
Less: required net capital		(250)		(250)
Excess net capital		$ 26,629		$ 26,763
Raymond James Ltd
Risk adjusted capital of Canadian broker-dealer subsidiary [Abstract]
Risk adjusted capital before minimum | CAD			CAD 70,923		CAD 77,110
Less: required minimum capital | CAD			(250)		(250)
Risk adjusted capital | CAD			CAD 70,673		CAD 76,860

FINANCIAL INSTRUMENTS WITH O103

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Details) - Dec. 31, 2016 $ in Thousands, CAD in Millions	USD ($)	CAD
Schedule of Off-Balance Sheet Risks [Line Items]
Standby letters of credit	$ 34,164
Open-end consumer lines of credit (primarily SBL)	3,937,479
Commercial lines of credit	1,589,736
Unfunded loan commitments	$ 430,707
Forward foreign exchange contracts | Canada, Dollars
Schedule of Off-Balance Sheet Risks [Line Items]
Notional amount of foreign currency derivative purchase contracts | CAD		CAD 7
Notional amount of foreign currency derivative sale contracts | CAD		CAD 6

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income for basic earnings per common share:
Net income attributable to Raymond James Financial, Inc.	$ 146,567	$ 106,329
Less allocation of earnings and dividends to participating securities	(310)	(238)
Net income attributable to RJF common shareholders	146,257	106,091
Income for diluted earnings per common share:
Net income attributable to Raymond James Financial, Inc.	146,567	106,329
Less allocation of earnings and dividends to participating securities	(303)	(234)
Net income attributable to RJF common shareholders	$ 146,264	$ 106,095
Common shares:
Average common shares in basic computation (in shares)	142,110	143,058
Dilutive effect of outstanding stock options and certain restricted stock units (in shares)	3,565	3,083
Average common shares used in diluted computation (in shares)	145,675	146,141
Earnings per common share:
Basic (in dollars per share)	$ 1.03	$ 0.74
Diluted (in dollars per share)	$ 1	$ 0.73
Stock options and certain restricted stock units excluded from weighted-average diluted common shares because their effect would be antidilutive (in shares)	2,127	3,170
Participating securities [Abstract]
Participating securities (in shares)	310	337
Dividends per common share declared and paid [Abstract]
Dividends per common share - declared (in dollars per share)	$ 0.22	$ 0.20
Dividends per common share - paid (in dollars per share)	$ 0.20	$ 0.18

SEGMENT INFORMATION, Informatio

SEGMENT INFORMATION, Information Concerning Operations (Details) $ in Thousands	3 Months Ended
	Dec. 31, 2016USD ($)segment	Dec. 31, 2015USD ($)	Sep. 30, 2016USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment	5
Revenues:
Total revenues	$ 1,528,768	$ 1,300,857
Pre-tax income excluding noncontrolling interests
Pre-tax income excluding noncontrolling interests	206,379	168,338
Net income attributable to noncontrolling interests	1,136	1,735
Income including noncontrolling interests and before provision for income taxes	207,515	170,073
Net interest income (expense):
Net interest income	146,816	115,773
Total assets:
Total assets	31,669,390		$ 31,486,976
Operating segments | Private client group
Revenues:
Total revenues	1,043,316	874,445
Pre-tax income excluding noncontrolling interests
Pre-tax income excluding noncontrolling interests	73,358	69,140
Net interest income (expense):
Net interest income	30,387	22,926
Total assets:
Total assets	9,740,145		10,317,681
Goodwill:
Goodwill	275,000		276,000
Operating segments | Capital markets
Revenues:
Total revenues	236,982	228,978
Pre-tax income excluding noncontrolling interests
Pre-tax income excluding noncontrolling interests	21,444	25,168
Net interest income (expense):
Net interest income	2,508	2,976
Total assets:
Total assets	2,525,142		2,957,319
Goodwill:
Goodwill	132,000		133,000
Operating segments | Asset management
Revenues:
Total revenues	114,096	100,238
Pre-tax income excluding noncontrolling interests
Pre-tax income excluding noncontrolling interests	41,909	33,366
Net interest income (expense):
Net interest income	63	100
Total assets:
Total assets	135,381		133,190
Operating segments | RJ Bank
Revenues:
Total revenues	144,517	112,726
Pre-tax income excluding noncontrolling interests
Pre-tax income excluding noncontrolling interests	104,121	65,865
Net interest income (expense):
Net interest income	134,272	106,188
Total assets:
Total assets	17,732,326		16,613,391
Operating segments | Other
Revenues:
Total revenues	15,459	4,400
Pre-tax income excluding noncontrolling interests
Pre-tax income excluding noncontrolling interests	(34,453)	(25,201)
Net interest income (expense):
Net interest income	(20,414)	(16,417)
Total assets:
Total assets	1,536,396		$ 1,465,395
Intersegment eliminations
Revenues:
Total revenues	$ (25,602)	$ (19,930)

SEGMENT INFORMATION, Classified

SEGMENT INFORMATION, Classified by Major Geographic Areas (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Sep. 30, 2016
Revenues:
Total revenues	$ 1,528,768	$ 1,300,857
Pre-tax income excluding noncontrolling interests
Pre-tax income excluding noncontrolling interests	206,379	168,338
Total assets:
Total assets	31,669,390		$ 31,486,976
United States
Revenues:
Total revenues	1,416,281	1,204,250
Pre-tax income excluding noncontrolling interests
Pre-tax income excluding noncontrolling interests	214,205	161,859
Total assets:
Total assets	29,323,951		29,112,182
Goodwill:
Goodwill	356,000		356,000
Canada
Revenues:
Total revenues	84,845	61,849
Pre-tax income excluding noncontrolling interests
Pre-tax income excluding noncontrolling interests	(1,537)	5,070
Total assets:
Total assets	2,261,577		2,275,056
Goodwill:
Goodwill	42,000		43,000
Europe
Revenues:
Total revenues	22,970	23,533
Pre-tax income excluding noncontrolling interests
Pre-tax income excluding noncontrolling interests	(2,688)	(446)
Total assets:
Total assets	59,251		61,067
Goodwill:
Goodwill	9,000		9,000
Other
Revenues:
Total revenues	4,672	11,225
Pre-tax income excluding noncontrolling interests
Pre-tax income excluding noncontrolling interests	(3,601)	$ 1,855
Total assets:
Total assets	$ 24,611		$ 38,671