Raymond James Financial (RJF) 10-Q 10 May 17 2017 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Mar. 31, 2017	May 08, 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
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		144,021,101

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016
Assets:
Cash and cash equivalents	$ 2,636,326	$ 1,650,452
Assets segregated pursuant to regulations and other segregated assets	3,829,607	4,884,487
Securities purchased under agreements to resell and other collateralized financings	535,224	470,222
Financial instruments, at fair value:
Trading instruments	736,782	766,805
Available for sale securities	1,714,114	859,398
Private equity investments	201,761	194,634
Other investments	222,585	296,844
Derivative instruments associated with offsetting matched book positions	285,898	422,196
Receivables:
Brokerage clients, net	2,716,741	2,714,782
Stock borrowed	132,049	170,860
Bank loans, net	15,994,689	15,210,735
Brokers-dealers and clearing organizations	97,807	164,908
Loans to financial advisors, net	861,346	838,721
Other	645,845	610,417
Deposits with clearing organizations	199,096	245,364
Prepaid expenses and other assets	787,588	777,224
Property and equipment, net	409,543	321,457
Deferred income taxes, net	365,869	322,024
Goodwill and identifiable intangible assets, net	496,222	504,442
Total assets	32,928,731	31,486,976
Liabilities and equity:
Trading instruments sold but not yet purchased, at fair value	471,704	328,938
Securities sold under agreements to repurchase	222,476	193,229
Derivative instruments associated with offsetting matched book positions, at fair value	285,898	422,196
Payables:
Brokerage clients	6,073,591	6,444,671
Stock loaned	403,542	677,761
Bank deposits	16,377,544	14,262,547
Brokers-dealers and clearing organizations	228,661	306,119
Trade and other	629,598	583,340
Other borrowings	756,367	608,658
Accrued compensation, commissions and benefits	811,551	915,954
Senior notes payable	1,339,582	1,680,587
Total liabilities	27,600,514	26,424,000
Commitments and contingencies (see Note 17)
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; 153,716,695 and 151,424,947 shares issued as of March 31, 2017 and September 30, 2016, respectively, and 143,542,965 and 141,544,511 shares outstanding as of March 31, 2017 and September 30, 2016, respectively	1,536	1,513
Additional paid-in capital	1,595,314	1,498,921
Retained earnings	4,027,927	3,834,781
Treasury stock, at cost; 10,101,753 and 9,766,846 common shares as of March 31, 2017 and September 30, 2016, respectively	(389,595)	(362,937)
Accumulated other comprehensive loss	(27,434)	(55,733)
Total equity attributable to Raymond James Financial, Inc.	5,207,748	4,916,545
Noncontrolling interests	120,469	146,431
Total equity	5,328,217	5,062,976
Total liabilities and equity	32,928,731	31,486,976
LIHTC Funds - Primary Beneficiary
Receivables:
Investments in real estate partnerships held by consolidated variable interest entities	$ 59,639	$ 61,004

CONDENSED CONSOLIDATED STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2017	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)	153,716,695	151,424,947
Common stock, shares outstanding (in shares)	143,542,965	141,544,511
Treasury stock, shares (in shares)	10,101,753	9,766,846

CONDENSED CONSOLIDATED STATEME4

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Revenues:
Securities commissions and fees		$ 992,112	$ 853,330	$ 1,976,497	$ 1,702,992
Investment banking		102,377	68,704	163,802	126,257
Investment advisory and related administrative fees		110,280	93,871	218,523	192,473
Interest		192,544	161,638	375,326	304,110
Account and service fees		162,981	127,528	311,772	244,351
Net trading profit		15,811	14,415	36,366	36,584
Other		24,209	21,624	46,796	35,200
Total revenues		1,600,314	1,341,110	3,129,082	2,641,967
Interest expense		(36,677)	(29,109)	(72,643)	(55,808)
Net revenues		1,563,637	1,312,001	3,056,439	2,586,159
Non-interest expenses:
Compensation, commissions and benefits		1,035,714	887,937	2,042,181	1,754,335
Communications and information processing		76,067	68,482	148,228	140,620
Occupancy and equipment costs		47,498	40,891	93,550	82,680
Clearance and floor brokerage		11,407	10,517	23,757	20,513
Business development		41,519	35,417	76,881	76,041
Investment sub-advisory fees		17,778	14,282	37,073	28,836
Bank loan loss provision		7,928	9,629	6,888	23,539
Acquisition-related expenses		1,086	6,015	13,752	7,887
Other		163,337	44,723	245,311	87,527
Total non-interest expenses		1,402,334	1,117,893	2,687,621	2,221,978
Income including noncontrolling interests and before provision for income taxes		161,303	194,108	368,818	364,181
Provision for income taxes		52,758	72,271	112,570	134,280
Net income including noncontrolling interests		108,545	121,837	256,248	229,901
Net loss attributable to noncontrolling interests		(4,210)	(4,010)	(3,074)	(2,275)
Net income attributable to Raymond James Financial, Inc.		$ 112,755	$ 125,847	$ 259,322	$ 232,176
Net income per common share – basic (in dollars per share)		$ 0.78	$ 0.89	$ 1.81	$ 1.63
Net income per common share – diluted (in dollars per share)		$ 0.77	$ 0.87	$ 1.77	$ 1.60
Weighted-average common shares outstanding – basic (in shares)		143,367	141,472	142,732	142,273
Weighted-average common and common equivalent shares outstanding – diluted (in shares)		146,779	144,012	146,119	145,047
Net income attributable to RJF		$ 112,755	$ 125,847	$ 259,322	$ 232,176
Other comprehensive (loss) income, net of tax:
Unrealized gain (loss) on available for sale securities and non-credit portion of other-than-temporary impairment losses	[1]	1,952	1,099	(2,194)	(5,692)
Unrealized gain on currency translations, net of the impact of net investment hedges	[1]	2,223	10,714	3,224	4,099
Unrealized gain (loss) on cash flow hedges	[1]	1,531	(11,469)	27,269	(8,204)
Total comprehensive income	[1]	118,461	126,191	287,621	222,379
Other-than-temporary impairment:
Total other-than-temporary impairment, net		397	(353)	1,257	21
Portion of (recoveries) losses recognized in other comprehensive income		(397)	353	(1,257)	(21)
Net impairment losses recognized in other revenue		$ 0	$ 0	$ 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					18,938
Exercise of stock options and vesting of restricted stock units, net of forfeitures					13,954			(5,717)
Restricted stock, stock option and restricted stock unit expense					39,962
Excess tax benefit from share-based payments					34,791
Other				16	362								(2,187)	[1]
Net income attributable to Raymond James Financial, Inc.		$ 232,176				232,176
Cash dividends declared						(59,142)
Purchases/surrenders								(152,284)
Net change in unrealized gain/loss on available for sale securities and non-credit portion of other-than-temporary impairment losses, net of tax		(5,692)	[3]						(5,692)
Net change in currency translations and net investment hedges, net of tax		4,099	[3]						4,099
Net change in cash flow hedges, net of tax		(8,204)	[3]						(8,204)
Net income attributable to noncontrolling interests		2,275											(2,275)	[1]
Capital contributions	[1]												695
Distributions	[1]												(5,033)
Derecognition resulting from sales	[1]												0
Balance, end of period at Mar. 31, 2016		4,783,394		1,507	1,452,786	3,595,203		(361,456)	(50,300)		$ 4,637,740		145,654	[1]
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					12,741
Exercise of stock options and vesting of restricted stock units, net of forfeitures					30,732			(17,545)
Restricted stock, stock option and restricted stock unit expense					52,288
Excess tax benefit from share-based payments	[4]				0
Other				23	632								399	[1]
Net income attributable to Raymond James Financial, Inc.		259,322				259,322
Cash dividends declared						(66,176)
Purchases/surrenders								(9,113)
Net change in unrealized gain/loss on available for sale securities and non-credit portion of other-than-temporary impairment losses, net of tax		(2,194)	[3]						(2,194)
Net change in currency translations and net investment hedges, net of tax		3,224	[3]						3,224
Net change in cash flow hedges, net of tax		27,269	[3]						27,269
Net income attributable to noncontrolling interests		3,074											(3,074)	[1]
Capital contributions	[1]												9,776
Distributions	[1]												(28,435)
Derecognition resulting from sales	[1]												(4,628)
Balance, end of period at Mar. 31, 2017		$ 5,328,217		$ 1,536	$ 1,595,314	$ 4,027,927		$ (389,595)	$ (27,434)		$ 5,207,748		$ 120,469	[1]
[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 six months ended March 31, 2017, we adopted new stock compensation simplification guidance. See Notes 1, 16 and 20 for additional information.

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDER'S EQUITY (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2017	Sep. 30, 2016	Mar. 31, 2016
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net income attributable to Raymond James Financial, Inc.	$ 259,322	$ 232,176
Net loss attributable to noncontrolling interests	(3,074)	(2,275)
Net income including noncontrolling interests	256,248	229,901
Adjustments to reconcile net income including noncontrolling interests to net cash provided by (used in) operating activities:
Depreciation and amortization	40,959	35,652
Deferred income taxes	(38,181)	(13,295)
Premium and discount amortization on available for sale securities and unrealized/realized gain on other investments	(18,976)	(3,852)
Provisions for loan losses, legal proceedings, bad debts and other accruals	143,993	38,955
Share-based compensation expense	66,015	42,735
Other	(2,067)	1,015
Net change in:
Assets segregated pursuant to regulations and other segregated assets	1,054,930	(704,005)
Securities purchased under agreements to resell and other collateralized financings, net of securities sold under agreements to repurchase	(35,755)	(96,577)
Stock loaned, net of stock borrowed	(235,408)	133,120
Loans provided to financial advisors, net of repayments	(33,945)	(70,836)
Brokerage client receivables and other accounts receivable, net	23,233	(136,374)
Trading instruments, net	174,079	(16,708)
Prepaid expenses and other assets	158,758	129,318
Brokerage client payables and other accounts payable	(431,259)	605,528
Accrued compensation, commissions and benefits	(108,250)	(168,896)
Proceeds from sales of securitizations and loans held for sale, net of purchases and originations of loans held for sale	77,765	(63,180)
Net cash provided by (used in) operating activities	1,092,139	(57,499)
Cash flows from investing activities:
Additions to property and equipment	(123,338)	(58,180)
Increase in bank loans, net	(1,103,445)	(1,490,887)
Purchases of Federal Home Loan Bank/Federal Reserve Bank stock	(4,875)	(3,231)
Proceeds from sales of loans held for investment	106,223	65,443
Purchases, or contributions, to private equity or other investments, net of proceeds from sales of, or distributions received from, private equity and other investments	51,455	(60,639)
Purchases of available for sale securities	(1,012,238)	(87,676)
Available for sale securities maturations, repayments and redemptions	115,976	42,729
Proceeds from sales of available for sale securities	32,841	1,530
Other investing activities, net of proceeds received	2,399	4,432
Net cash used in investing activities	(1,935,002)	(1,586,479)
Cash flows from financing activities:
Proceeds from (repayments of) short-term borrowings, net	50,000	(115,000)
Proceeds from Federal Home Loan Bank advances	100,000	25,000
Repayments of Federal Home Loan Bank advances and other borrowed funds	(2,291)	(2,181)
Repayment of senior notes payable	350,000	0
Exercise of stock options and employee stock purchases	43,989	31,240
Increase in bank deposits	2,114,997	809,576
Purchases of treasury stock	(29,063)	(159,175)
Dividends on common stock	(63,027)	(56,152)
Net cash provided by financing activities	1,864,605	533,308
Currency adjustment:
Effect of exchange rate changes on cash	(35,868)	(10,550)
Net increase (decrease) in cash and cash equivalents	985,874	(1,121,220)
Cash and cash equivalents at beginning of year	1,650,452	2,601,006
Cash and cash equivalents at end of period	2,636,326	1,479,786
Supplemental disclosures of cash flow information:
Cash paid for interest	76,990	55,548
Cash paid for income taxes	144,672	124,521
Non-cash transfers of loans to other real estate owned	$ 2,777	$ 1,942

INTRODUCTION AND BASIS OF PRESE

INTRODUCTION AND BASIS OF PRESENTATION	6 Months Ended
	Mar. 31, 2017
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 March 31, 2017 , 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 16 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	6 Months Ended
	Mar. 31, 2017
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 , 16 and 20 , there have been no 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 March 31, 2017 , 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 continued to consolidate the EIF Funds through the application of the voting interest model. During the three months ended March 31, 2017, we sold our interests in the EIF Funds. Non-guaranteed low-income housing tax credit funds Raymond James Tax Credit Funds, Inc. (“RJTCF”), a wholly owned subsidiary of RJF 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 concluded 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 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 the new consolidation model treatment 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. As such, 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 $21 million and $13 million at March 31, 2017 and September 30, 2016 , respectively. Our allowance for doubtful accounts is $7 million and $5 million at March 31, 2017 and September 30, 2016 , respectively.

ACQUISITIONS

ACQUISITIONS	6 Months Ended
	Mar. 31, 2017
Business Combinations [Abstract]
ACQUISITIONS	ACQUISITIONS Acquisition announcements On April 20, 2017, we announced we had entered into a definitive agreement to acquire 100% of the outstanding shares of Scout Investments, Inc. (the “Scout Group”), an asset management and distribution entity, from UMB Financial Corporation (“UMB”). The Scout Group includes Scout Investments (“Scout”) and its Reams Asset Management division (“Reams”), as well as Scout Distributors. The addition of Scout, an equity asset manager, and Reams, an institutional-focused fixed income specialist, broadens the investment solutions available to our clients. As of December 31, 2016, Scout and its Reams division had combined assets under management and advisement of approximately $27 billion . Upon completion of this acquisition, which we expect to occur prior to December 31, 2017, the Scout Group will operate within our Asset Management segment. 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, we 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 and six months ended March 31, 2017 pertain to certain incremental expenses incurred in connection with the Alex. Brown and 3Macs acquisitions described above. The expenses incurred during the three and six months ended March 31, 2016 were associated with the acquisition of Alex. Brown. The table below provides a summary of acquisition-related expenses incurred in each respective period: Three months ended March 31, Six months ended March 31, 2017 2016 2017 2016 (in thousands) Acquisition and integration related incentive compensation costs (1) $ — $ — $ 5,474 $ — Severance (2) 754 — 5,557 — Early termination costs of assumed contracts 5 — 1,329 — Information systems integration costs 417 1,655 1,622 1,655 Legal and regulatory 274 422 827 1,923 Post-closing purchase price contingency (1,248 ) — (3,499 ) — DBRSU obligation and related hedge (3) 798 3,165 (4) 798 3,319 (4) Travel and all other 86 773 1,644 990 Total acquisition-related expenses $ 1,086 $ 6,015 $ 13,752 $ 7,887 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) Primarily comprised of non-recurring restricted stock unit (“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 20 for discussion of share-based compensation. (2) Primarily arising from the 3Macs acquisition. Such costs include severance costs as well as any forgiven employee loan balances and any unamortized balance of the prepaid compensation asset associated with terminated associates, 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) The three and six months ended March 31, 2017 include a loss on the Deutsche Bank RSU (“DBRSU”) awards related to a Deutsche Bank AG (“DB”) rights offering during the period, partially offset by a related gain on the DB shares purchased to satisfy the DBRSU obligation, which act as an economic hedge to this obligation. Refer to Note 3 on page 129 of our 2016 Form 10-K, as well as Notes 14 and 20 in this Form 10-Q for more information. (4) Represents the pre-Alex. Brown closing date unrealized loss on DB shares purchased to satisfy the DBRSU obligation.

CASH AND CASH EQUIVALENTS, ASSE

CASH AND CASH EQUIVALENTS, ASSETS SEGREGATED PURSUANT TO REGULATIONS, AND DEPOSITS WITH CLEARING ORGANIZATIONS	6 Months Ended
	Mar. 31, 2017
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: March 31, 2017 September 30, 2016 (in thousands) Cash and cash equivalents: Cash in banks $ 2,634,934 $ 1,649,593 Money market fund investments 1,392 859 Total cash and cash equivalents (1) $ 2,636,326 $ 1,650,452 Assets segregated pursuant to regulations and other segregated assets (2) $ 3,829,607 $ 4,884,487 Deposits with clearing organizations: Cash and cash equivalents $ 148,712 $ 215,856 Government and agency obligations 50,384 29,508 Total deposits with clearing organizations $ 199,096 $ 245,364 (1) The total amounts presented include cash and cash equivalents of $924 million and $810 million as of March 31, 2017 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, 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 to maintain 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	6 Months Ended
	Mar. 31, 2017
Fair Value Disclosures [Abstract]
FAIR VALUE	FAIR VALUE For a discussion of our accounting policies and valuation methodologies for assets and 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 or our fair value accounting policies since our year ended September 30, 2016 . Assets and liabilities measured at fair value on a recurring and nonrecurring basis are presented below: March 31, 2017 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 $ 55 $ 239,752 $ — $ — $ 239,807 Corporate obligations 11,574 117,130 — — 128,704 Government and agency obligations 7,230 72,779 — — 80,009 Agency mortgage-backed securities (“MBS”) and collateralized mortgage obligations (“CMOs”) 394 136,658 — — 137,052 Non-agency CMOs and asset-backed securities (“ABS”) — 56,397 7 — 56,404 Total debt securities 19,253 622,716 7 — 641,976 Derivative contracts — 73,771 — (45,705 ) 28,066 Equity securities 20,160 970 — — 21,130 Brokered certificates of deposit — 32,445 — — 32,445 Other 24 — 13,141 — 13,165 Total trading instruments 39,437 729,902 13,148 (45,705 ) 736,782 Available for sale securities: Agency MBS and CMOs — 1,547,579 — — 1,547,579 Non-agency CMOs — 33,837 — — 33,837 Other securities 1,552 — — — 1,552 Auction rate securities (“ARS”): Municipal obligations — — 25,728 — 25,728 Preferred securities — — 105,418 — 105,418 Total available for sale securities 1,552 1,581,416 131,146 — 1,714,114 Private equity investments: Measured at fair value — — 88,623 — 88,623 Measured at net asset value (“NAV”) 113,138 Total private equity investments — — 88,623 — 201,761 Other investments (3) 221,889 322 374 — 222,585 Derivative instruments associated with offsetting matched book positions — 285,898 — — 285,898 Deposits with clearing organizations: Government and agency obligations 50,384 — — — 50,384 Other assets: Derivative contracts (4) — 276 — — 276 Other assets — — 2,148 (5) — 2,148 Total other assets — 276 2,148 — 2,424 Total assets at fair value on a recurring basis $ 313,262 $ 2,597,814 $ 235,439 $ (45,705 ) $ 3,213,948 Assets at fair value on a nonrecurring basis: Bank loans, net: Impaired loans $ — $ 20,670 $ 41,081 $ — $ 61,751 Loans held for sale (6) — 60,538 — — 60,538 Total bank loans, net — 81,208 41,081 — 122,289 Other assets: Other real estate owned (“OREO”) (7) — 790 — — 790 Total assets at fair value on a nonrecurring basis $ — $ 81,998 $ 41,081 $ — $ 123,079 (continued on next page) March 31, 2017 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 $ 600 $ 470 $ — $ — $ 1,070 Corporate obligations 1,021 22,484 — — 23,505 Government obligations 328,609 — — — 328,609 Agency MBS and CMOs 1,866 43,778 — — 45,644 Total debt securities 332,096 66,732 — — 398,828 Derivative contracts — 91,247 — (35,215 ) 56,032 Equity securities 16,618 — — — 16,618 Other securities — 226 — — 226 Total trading instruments sold but not yet purchased 348,714 158,205 — (35,215 ) 471,704 Derivative instruments associated with offsetting matched book positions — 285,898 — — 285,898 Trade and other payables: Derivative contracts (4) — 6,868 — — 6,868 Other liabilities — — 64 — 64 Total trade and other payables — 6,868 64 — 6,932 Accrued compensation, commissions and benefits: Derivative contracts (8) — 25,621 — — 25,621 Total liabilities at fair value on a recurring basis $ 348,714 $ 476,592 $ 64 $ (35,215 ) $ 790,155 (1) We had $1 million and $2 million in transfers of financial instruments from Level 1 to Level 2 during the three and six months ended March 31, 2017 , respectively. These transfers were a result of decreased market activity in these instruments. Our transfers from Level 2 to Level 1 were insignificant during the three months ended March 31, 2017 and amounted to $1 million during the six months ended March 31, 2017. These transfers were a result of increased market activity in these instruments. Our policy is to treat transfers between levels as having occurred at the end of the reporting period. (2) For derivative transactions, 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 14 for additional information on the collateral related to our derivative contracts and Note 15 for information on offsetting financial instruments. (3) Other investments include $79 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 $19 million as of March 31, 2017 which we hold as an economic hedge against the DBRSU obligation (see Note 20 for additional information). (4) Consists of derivatives arising from RJ Bank’s business operations, see Note 14 for additional information. (5) 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. (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) The balance reflects the DBRSU obligation from our acquisition of Alex. Brown. See Notes 14 and 20 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: Municipal obligations — — 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: Measured at fair value — — 83,165 — 83,165 Measured at NAV 111,469 Total private equity investments — — 83,165 — 194,634 Other investments (3) 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 (4) — 2,016 — — 2,016 Other assets — — 2,448 (5) — 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 ) $ 2,573,849 Assets at fair value on a nonrecurring basis: Bank loans, net: Impaired loans $ — $ 23,146 $ 47,982 $ — $ 71,128 Loans held for sale (6) — 18,177 — — 18,177 Total bank loans, net — 41,323 47,982 — 89,305 Other assets: OREO (7) — 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 (4) — 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 (8) — 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 decreased market activity in these instruments. 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 increased market activity in these instruments. Our policy is to treat transfers between levels of the fair value hierarchy as having occurred at the end of the reporting period. (2) For derivative transactions not cleared through a clearing organization, 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 15 for additional information regarding offsetting financial instruments). Deposits associated with derivative transactions cleared through a clearing organization are included in deposits with clearing organizations on our Condensed Consolidated Statements of Financial Condition as of September 30, 2016. (3) 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). (4) Consists of derivatives arising from RJ Bank’s business operations, see Note 14 for additional information. (5) 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. (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 Consolidated Statements of Financial Condition is net of the estimated selling costs. (8) The balance reflects the DBRSUs obligation from our acquisition of Alex. Brown. See Notes 14 and 20 for additional information. The adjustment to fair value of the nonrecurring fair value measures for the six months ended March 31, 2017 resulted in a $10 million increase to the 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 six months ended March 31, 2016 resulted in a $2 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. 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. Our policy is to treat transfers between levels of the fair value hierarchy as having occurred at the end of the reporting period. Additional information about Level 3 assets and liabilities measured at fair value on a recurring basis is presented below: Three months ended March 31, 2017 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 – municipal obligations ARS - preferred securities Private equity investments Other investments Other assets Other liabilities Fair value beginning of period $ 7 $ 11,052 $ 25,364 $ 103,853 $ 83,466 $ 223 $ — $ (1,856 ) Total gains (losses) for the period: Included in earnings — (383 ) — — (11 ) 151 2,148 1,792 Included in other comprehensive income — — 364 1,565 — — — — Purchases and contributions — 22,418 — — 5,168 — — — Sales — (19,946 ) — — — — — — Redemptions by issuer — — — — — — — — Distributions — — — — — — — — Transfers: Into Level 3 — — — — — — — — Out of Level 3 — — — — — — — — Fair value end of period $ 7 $ 13,141 $ 25,728 $ 105,418 $ 88,623 $ 374 $ 2,148 $ (64 ) 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 $ — $ (303 ) $ 364 $ 1,565 $ — $ 151 $ 3,940 $ — Six months ended March 31, 2017 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 – municipal obligations ARS - preferred securities Private equity investments Other investments Other assets Other liabilities Fair value beginning of period $ 7 $ 3,572 $ 25,147 $ 100,018 $ 83,165 $ 441 $ 2,448 $ (67 ) Total gains (losses) for the period: Included in earnings — (524 ) — 1 290 143 (300 ) 3 Included in other comprehensive income — — 581 5,422 — — — — Purchases and contributions — 41,101 — — 5,168 — — — Sales — (31,008 ) — (23 ) — (15 ) — — Redemptions by issuer — — — — — — — — Distributions — — — — — — — — Transfers: Into Level 3 — — — — — — — — Out of Level 3 — — — — — (195 ) — — Fair value end of period $ 7 $ 13,141 $ 25,728 $ 105,418 $ 88,623 $ 374 $ 2,148 $ (64 ) 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 $ — $ (423 ) $ 581 $ 5,422 $ 301 $ 151 $ (300 ) $ — Three months ended March 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 Corporate Obligations Non- agency CMOs & ABS Other ARS – municipals obligations ARS - preferred securities Private equity investments (1) Other investments Other assets Other liabilities Fair value beginning of period $ 189 $ 9 $ 1,964 $ 27,480 $ 102,899 $ 78,314 $ 493 $ 1,526 $ (67 ) Total gains (losses) for the period: Included in earnings (97 ) — (100 ) 133 — — 18 1,586 — Included in other comprehensive income — — — (583 ) (300 ) — — — — Purchases and contributions 2 — 19,470 — — — — — — Sales (94 ) — (7,038 ) (1,583 ) — — — — — Redemptions by issuer — — — (25 ) — — — — — Distributions — (1 ) — — — (5,175 ) (72 ) — — Transfers: Into Level 3 — — — — — — — — — Out of Level 3 — — — — — — — — — Fair value end of period $ — $ 8 $ 14,296 $ 25,422 $ 102,599 $ 73,139 $ 439 $ 3,112 $ (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 $ — $ — $ (60 ) $ (637 ) $ (300 ) $ — $ 18 $ 1,586 $ — (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. Six months ended March 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 Corporate Obligations Non- agency CMOs & ABS Other ARS – municipal obligations ARS - preferred securities Private equity investments (1) Other investments Other assets Other liabilities Fair value beginning of period $ 156 $ 9 $ 1,986 $ 28,015 $ 110,749 $ 77,435 $ 565 $ 4,975 $ (58 ) Total gains (losses) for the period: Included in earnings (137 ) — (349 ) 133 — — 11 (1,863 ) — Included in other comprehensive income — — — (1,118 ) (8,150 ) — — — — Purchases and contributions 75 — 38,487 — — 915 — — (9 ) Sales (94 ) — (25,828 ) (1,583 ) — (18 ) — — — Redemptions by issuer — — — (25 ) — — — — — Distributions — (1 ) — — — (5,193 ) (137 ) — — Transfers: Into Level 3 — — — — — — — — — Out of Level 3 — — — — — — — — — Fair value end of period $ — $ 8 $ 14,296 $ 25,422 $ 102,599 $ 73,139 $ 439 $ 3,112 $ (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 $ — $ 1 $ (71 ) $ (1,073 ) $ (8,150 ) $ — $ 11 $ (1,863 ) $ — (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. As of March 31, 2017 , 10% of our assets and 3% 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 March 31, 2017 represent 7% of our assets measured at fair value. In comparison, as of March 31, 2016 , 8% of our assets and 3% of our liabilities, 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 March 31, 2016 represented 10% of our assets measured at fair value. Level 3 instruments as a percentage of total financial instruments decreased by 3% as compared to March 31, 2016 , primarily as a result of the increase in total assets measured at fair value since March 31, 2016 . 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 March 31, 2017 Total (losses) gains included in earnings $ (383 ) $ 4,080 $ 1,929 Change in unrealized (losses) gains for assets held at the end of the reporting period $ (303 ) $ 4,091 $ 1,929 For the six months ended March 31, 2017 Total (losses) gains included in earnings $ (524 ) $ 137 $ 6,003 Change in unrealized (losses) gains for assets held at the end of the reporting period $ (423 ) $ 152 $ 6,003 For the three months ended March 31, 2016 Total (losses) gains included in earnings $ (197 ) $ 1,737 $ (883 ) Change in unrealized (losses) gains for assets held at the end of the reporting period $ (60 ) $ 1,604 $ (937 ) For the six months ended March 31, 2016 Total losses included in earnings $ (486 ) $ (1,719 ) $ (9,268 ) Change in unrealized losses for assets held at the end of the reporting period $ (70 ) $ (1,852 ) $ (9,223 ) 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 March 31, 2017 (in thousands) Valuation technique(s) Unobservable input Range (weighted-average) Recurring measurements: Available for sale securities: ARS: Municipal obligations - issuer is a municipality $ 10,590 Scenario 1 - recent trades Observed trades (in inactive markets) of in-portfolio securities 80% of par - 80% of par (80% of par) Scenario 2 - Discounted cash flow Average discount rate (a) 6.65% - 7.93% (7.29%) Average interest rates applicable to future interest income on the securities (b) 2.63% - 3.54% (3.09%) Prepayment year (c) 2019 - 2026 (2023) Weighting assigned to outcome of scenario1 / scenario 2 25%/75% Municipal obligations - tax-exempt preferred securities $ 15,138 Discounted cash flow Average discount rate (a) 5.40% - 6.40% (5.90%) Average interest rates applicable to future interest income on the securities (b) 1.89% - 1.89% (1.89%) Prepayment year (c) 2017 - 2021 (2021) Preferred securities - taxable $ 105,418 Discounted cash flow Average discount rate (a) 5.59% - 7.02% (6.18%) Average interest rates applicable to future interest income on the securities (b) 2.57% - 3.43% (2.71%) Prepayment year (c) 2017 - 2021 (2021) Private equity investments (not measured at NAV): $ 62,215 Income or market approach: Scenario 1 - income approach - discounted cash flow Discount rate (a) 13% - 20% (18.1%) 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 82%/18% $ 26,408 Transaction price or other investment-specific events (e) Not meaningful (e) Not meaningful (e) Nonrecurring measurements: Impaired loans: residential $ 22,109 Discounted cash flow Prepayment rate 7 yrs. - 12 yrs. (10.4 yrs.) Impaired loans: corporate $ 18,972 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 corresponding increase (or decrease) 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 as of March 31, 2017 includes various direct and third party private equity investments, 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 are as follows: Unfunded Commitment (1) Recorded Value RJF Noncontrolling Interest Total (in thousands) March 31, 2017 Private equity investments at NAV $ 113,138 (2) $ 23,135 $ 2,308 $ 25,443 Private equity investments at fair value 88,623 Total private equity investments $ 201,761 (3) September 30, 2016 Private equity investments at NAV $ 111,469 (2) $ 27,542 $ 3,001 $ 30,543 Private equity investments at fair value 83,165 Total private equity investments $ 194,634 (3) (1) Unfunded commitments related to the portion of underlying investments held in our private equity portfolio. Such commitments are required to be funded either by RJF or by the holders of the noncontrolling interests. (2) 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 six to nine years . (3) The portions of these investments we do not own are $53 million and $51 million as of March 31, 2017 and September 30, 2016 , respectively and as such are included as a component of noncontrolling interest in our Condensed Consolidated Statements of Financial Condition. Of the total private equity investments, the weighted average portion we own is $149 million or 74% and $144 million or 74% as of March 31, 2017 and September 30, 2016 , respectively. 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. During the quarter ended March 31, 2017, we received approval from the Board of Governors of the Federal Reserve System (the “Fed”) to continue to hold the majority of our “covered fund” investments for up to an additional five -year conformance period, thereby extending our applicable holding period until July 2022 for such investments. 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 March 31, 2017 , we have not elected 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) March 31, 2017 Financial assets: Bank loans, net (1) $ — $ 120,388 $ 15,580,471 $ 15,700,859 $ 15,872,400 Loans to Financial advisors, net $ — $ — $ 717,344 $ 717,344 $ 861,346 Financial liabilities: Bank deposits $ — $ 16,093,059 $ 282,509 $ 16,375,568 $ 16,377,544 Other borrowings (2) $ — $ 31,562 $ — $ 31,562 $ 31,134 Senior notes payable $ — $ 1,410,240 $ — $ 1,410,240 $ 1,339,582 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 March 31, 2017 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 March 31, 2017 and September 30, 2016 .

TRADING INSTRUMENTS AND TRADING

TRADING INSTRUMENTS AND TRADING INSTRUMENTS SOLD BUT NOT YET PURCHASED	6 Months Ended
	Mar. 31, 2017
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 March 31, 2017 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 $ 239,807 $ 1,070 $ 274,163 $ 1,161 Corporate obligations 128,704 23,505 132,885 31,074 Government and agency obligations 80,009 328,609 49,598 266,682 Agency MBS and CMOs 137,052 45,644 164,663 2,804 Non-agency CMOs and ABS 56,404 — 34,428 — Total debt securities 641,976 398,828 655,737 301,721 Derivative contracts (1) 28,066 56,032 55,703 8,835 Equity securities 21,130 16,618 16,029 18,382 Brokered certificates of deposit 32,445 — 35,206 — Other 13,165 226 4,130 — Total $ 736,782 $ 471,704 $ 766,805 $ 328,938 (1) Represents the derivative contracts held for trading purposes. These balances do not include all derivative instruments. See Note 14 for further information regarding all of our derivative transactions, and see Note 15 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	6 Months Ended
	Mar. 31, 2017
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 $25 million and $33 million of proceeds from the sale of available for sale securities held by RJ Bank during the three and six months ended March 31, 2017 , respectively, and the related losses on such sales were insignificant. There were no sales of available for sale securities held by RJ Bank during the three and six months ended March 31, 2016 . The proceeds from the sale of ARS during the three and six months ended March 31, 2017 were insignificant. There were $2 million of proceeds and an insignificant gain from the sale or redemption of ARS during the three and six months ended March 31, 2016 . 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) March 31, 2017 Available for sale securities: Agency MBS and CMOs $ 1,557,075 $ 813 $ (10,309 ) $ 1,547,579 Non-agency CMOs (1) 35,153 — (1,316 ) 33,837 Other securities 1,575 — (23 ) 1,552 Total RJ Bank available for sale securities 1,593,803 813 (11,648 ) 1,582,968 Auction rate securities: Municipal obligations 27,491 14 (1,777 ) 25,728 Preferred securities 103,204 2,256 (42 ) 105,418 Total auction rate securities 130,695 2,270 (1,819 ) 131,146 Total available for sale securities $ 1,724,498 $ 3,083 $ (13,467 ) $ 1,714,114 September 30, 2016 Available for sale securities: Agency MBS and CMOs $ 680,341 $ 2,512 $ (556 ) $ 682,297 Non-agency CMOs (1) 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 March 31, 2017 and September 30, 2016 the non-credit portion of unrealized losses related to non-agency CMOs with previously recorded other-than-temporary impairment (“OTTI”) before taxes was $1 million and $2 million , respectively, recorded in accumulated other comprehensive income (loss) (“AOCI”). See Note 18 for additional information. See Note 5 for additional information regarding the fair value of available for sale securities. The contractual maturities, amortized cost, carrying values and current yields for our available for sale securities are as presented below. Since RJ Bank’s available for sale securities (MBS & CMOs) are backed by mortgages, actual maturities will differ from contractual maturities because borrowers may have the right to prepay obligations without prepayment penalties. Expected maturities of ARS may differ significantly from contractual maturities, as issuers may have the right to call or prepay obligations with or without call or prepayment penalties. March 31, 2017 Within one year After one but within five years After five but within ten years After ten years Total ($ in thousands) Agency MBS & CMOs: Amortized cost $ — $ 55,577 $ 410,323 $ 1,091,175 $ 1,557,075 Carrying value — 55,020 407,913 1,084,646 1,547,579 Weighted-average yield — 1.78 % 1.80 % 1.99 % 1.94 % Non-agency CMOs: Amortized cost $ — $ — $ — $ 35,153 $ 35,153 Carrying value — — — 33,837 33,837 Weighted-average yield — — — 2.86 % 2.86 % Other securities: Amortized cost $ — $ — $ — $ 1,575 $ 1,575 Carrying value — — — 1,552 1,552 Weighted-average yield — — — — — Sub-total agency MBS & CMOs, non-agency CMOs, and other securities: Amortized cost $ — $ 55,577 $ 410,323 $ 1,127,903 $ 1,593,803 Carrying value — 55,020 407,913 1,120,035 1,582,968 Weighted-average yield — 1.78 % 1.80 % 2.02 % 1.96 % Auction rate securities: Municipal obligations Amortized cost $ — $ — $ — $ 27,491 $ 27,491 Carrying value — — — 25,728 25,728 Weighted-average yield — — — 1.71 % 1.71 % Preferred securities: Amortized cost $ — $ — $ — $ 103,204 $ 103,204 Carrying value — — — 105,418 105,418 Weighted-average yield — — — 1.71 % 1.71 % Sub-total auction rate securities: Amortized cost $ — $ — $ — $ 130,695 $ 130,695 Carrying value — — — 131,146 131,146 Weighted-average yield — — — 1.71 % 1.71 % Total available for sale securities: Amortized cost $ — $ 55,577 $ 410,323 $ 1,258,598 $ 1,724,498 Carrying value — 55,020 407,913 1,251,181 1,714,114 Weighted-average yield — 1.78 % 1.80 % 1.99 % 1.94 % 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: March 31, 2017 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 $ 1,130,874 $ (9,967 ) $ 21,830 $ (342 ) $ 1,152,704 $ (10,309 ) Non-agency CMOs — — 33,837 (1,316 ) 33,837 (1,316 ) Other securities 1,552 (23 ) — — 1,552 (23 ) ARS municipal obligations — — 25,480 (1,777 ) 25,480 (1,777 ) ARS preferred securities 1,488 (42 ) — — 1,488 (42 ) Total $ 1,133,914 $ (10,032 ) $ 81,147 $ (3,435 ) $ 1,215,061 $ (13,467 ) 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 March 31, 2017 of the 102 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 three 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. At March 31, 2017 , all of our non-agency CMOs were in a continuous unrealized loss position for 12 months or more. Although we expect to recover all unrealized losses not already recorded in earnings on our non-agency CMOs, 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 March 31, 2017 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 March 31, 2017 is $153 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 March 31, 2017 , there was one ARS preferred security with a fair value less than its cost basis, indicating potential impairment. We analyzed the credit ratings associated with the security as an indicator of potential credit impairment and, including subsequent ratings changes, determined that this security maintained an investment grade rating by at least one rating agency. We have the ability and intent to hold this ARS preferred security to maturity and expect to recover the entire cost basis and therefore concluded that none of the potential impairment is related to potential credit loss. Within our municipal ARS holdings as of March 31, 2017 , 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 March 31, 2017 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 March 31, Six months ended March 31, 2017 2016 2017 2016 (in thousands) Amount related to credit losses on securities we held at the beginning of the period $ 5,754 $ 11,847 $ 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 $ 5,754 $ 11,847

BANK LOANS, NET

BANK LOANS, NET	6 Months Ended
	Mar. 31, 2017
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: March 31, 2017 September 30, 2016 Balance % Balance % ($ in thousands) Loans held for sale, net (1) $ 208,315 1 % $ 214,286 1 % Loans held for investment: Domestic: C&I loans 6,099,750 38 % 6,402,675 42 % CRE construction loans 119,815 1 % 107,437 1 % CRE loans 2,464,727 15 % 2,188,652 14 % Tax-exempt loans 852,021 5 % 740,944 5 % Residential mortgage loans 2,813,148 17 % 2,439,286 16 % SBL 2,060,535 13 % 1,903,930 12 % Foreign: C&I loans 1,181,468 7 % 1,067,698 7 % CRE construction loans — — 15,281 — CRE loans 417,209 3 % 365,419 2 % Residential mortgage loans 2,848 — 2,283 — SBL 919 — 897 — Total loans held for investment 16,012,440 15,234,502 Net unearned income and deferred expenses (39,832 ) (40,675 ) Total loans held for investment, net (1) 15,972,608 15,193,827 Total loans held for sale and investment 16,180,923 100 % 15,408,113 100 % Allowance for loan losses (186,234 ) (197,378 ) Bank loans, net $ 15,994,689 $ 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 March 31, 2017 , 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 12 for more information regarding borrowings from the FHLB. Loans held for sale RJ Bank originated or purchased $315 million and $837 million of loans held for sale during the three and six months ended March 31, 2017 , respectively, and $398 million and $1 billion during the three and six months ended March 31, 2016 . Proceeds from the sale of these held for sale loans amounted to $85 million and $235 million during the three and six months ended March 31, 2017 , respectively, and $85 million and $171 million during the three and six months ended March 31, 2016 . Net gains resulting from such sales and the 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 all periods during the three and six months ended March 31, 2017 and 2016 . 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 March 31, 2017 Purchases $ 83,003 $ — $ 8,757 $ 91,760 Sales (1) $ 90,949 $ — $ — $ 90,949 Six months ended March 31, 2017 Purchases $ 197,652 $ 38,980 $ 90,419 $ 327,051 Sales (1) $ 172,528 $ — $ — $ 172,528 Three months ended March 31, 2016 Purchases $ 91,256 $ 7,040 $ 131,788 $ 230,084 Sales (1) $ 36,569 $ — $ — $ 36,569 Six months ended March 31, 2016 Purchases $ 149,107 $ 7,040 $ 210,823 $ 366,970 Sales (1) $ 71,815 $ — $ — $ 71,815 (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 March 31, 2017: C&I loans $ — $ — $ — $ 6,428 $ 7,274,790 $ 7,281,218 CRE construction loans — — — — 119,815 119,815 CRE loans — — — — 2,881,936 2,881,936 Tax-exempt loans — — — — 852,021 852,021 Residential mortgage loans: First mortgage loans 1,306 — 1,306 39,842 2,751,617 2,792,765 Home equity loans/lines — — — 34 23,197 23,231 SBL — — — — 2,061,454 2,061,454 Total loans held for investment, net $ 1,306 $ — $ 1,306 $ 46,304 $ 15,964,830 $ 16,012,440 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 $20 million and $54 million of nonaccrual loans at March 31, 2017 and September 30, 2016 , respectively, which are performing pursuant to their contractual terms. (2) Excludes any net unearned income and deferred expenses. Other real estate owned, included in other assets on our Condensed Consolidated Statements of Financial Condition, was $5 million at both March 31, 2017 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 $22 million and $21 million at March 31, 2017 and September 30, 2016 , respectively. Impaired loans and troubled debt restructurings The following table provides a summary of RJ Bank’s impaired loans: March 31, 2017 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 $ 20,749 $ 38,147 $ 1,777 $ 35,194 $ 35,872 $ 13,351 Residential - first mortgage loans 28,569 37,871 2,719 30,393 41,337 3,147 Total 49,318 76,018 4,496 65,587 77,209 16,498 Impaired loans without allowance for loan losses: (2) CRE loans — — — 4,230 11,611 — Residential - first mortgage loans 16,929 25,623 — 17,809 26,486 — Total 16,929 25,623 — 22,039 38,097 — Total impaired loans $ 66,247 $ 101,641 $ 4,496 $ 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 March 31, 2017 , 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 March 31, Six months ended March 31, 2017 2016 2017 2016 (in thousands) Average impaired loan balance: C&I loans $ 23,060 $ 7,258 $ 27,934 $ 8,882 CRE loans — 4,540 1,388 4,606 Residential mortgage loans: First mortgage loans 45,547 52,713 46,040 53,223 Total $ 68,607 $ 64,511 $ 75,362 $ 66,711 Interest income recognized: Residential mortgage loans: First mortgage loans $ 350 $ 334 $ 669 $ 707 Total $ 350 $ 334 $ 669 $ 707 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) March 31, 2017 C&I $ 7,128,870 $ 37,247 $ 115,101 $ — $ 7,281,218 CRE construction 119,815 — — — 119,815 CRE 2,881,745 23 168 — 2,881,936 Tax-exempt 852,021 — — — 852,021 Residential mortgage: First mortgage 2,730,417 10,881 51,467 — 2,792,765 Home equity 23,014 183 34 — 23,231 SBL 2,061,454 — — — 2,061,454 Total $ 15,797,336 $ 48,334 $ 166,770 $ — $ 16,012,440 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 March 31, 2017 Balance at beginning of period $ 132,905 $ 2,103 $ 39,532 $ 4,493 $ 13,639 $ 5,008 $ 197,680 Provision (benefit) for loan losses 4,984 (576 ) 4,589 (140 ) (1,078 ) 149 7,928 Net (charge-offs)/recoveries: Charge-offs (19,304 ) — — — (478 ) — (19,782 ) Recoveries — — — — 295 — 295 Net charge-offs (19,304 ) — — — (183 ) — (19,487 ) Foreign exchange translation adjustment 75 — 38 — — — 113 Balance at end of period $ 118,660 $ 1,527 $ 44,159 $ 4,353 $ 12,378 $ 5,157 $ 186,234 Six months ended March 31, 2017 Balance at beginning of period $ 137,701 $ 1,614 $ 36,533 $ 4,100 $ 12,664 $ 4,766 $ 197,378 Provision (benefit) for loan losses 3,741 5 2,579 253 (81 ) 391 6,888 Net (charge-offs)/recoveries: Charge-offs (22,693 ) — — — (565 ) — (23,258 ) Recoveries — — 5,013 — 360 5,373 Net (charge-offs)/recoveries (22,693 ) — 5,013 — (205 ) — (17,885 ) Foreign exchange translation adjustment (89 ) (92 ) 34 — — — (147 ) Balance at end of period $ 118,660 $ 1,527 $ 44,159 $ 4,353 $ 12,378 $ 5,157 $ 186,234 Three months ended March 31, 2016 Balance at beginning of period $ 128,721 $ 2,635 $ 31,304 $ 7,119 $ 12,265 $ 3,415 $ 185,459 Provision (benefit) for loan losses 9,590 (100 ) 1,149 (85 ) (902 ) (23 ) 9,629 Net (charge-offs)/recoveries: Charge-offs (1,427 ) — — — (369 ) — (1,796 ) Recoveries — — — — 260 20 280 Net (charge-offs)/recoveries (1,427 ) — — — (109 ) 20 (1,516 ) Foreign exchange translation adjustment 415 18 215 — — — 648 Balance at end of period $ 137,299 $ 2,553 $ 32,668 $ 7,034 $ 11,254 $ 3,412 $ 194,220 Six months ended March 31, 2016 Balance at beginning of period $ 117,623 $ 2,707 $ 30,486 $ 5,949 $ 12,526 $ 2,966 $ 172,257 Provision (benefit) for loan losses 21,175 (152 ) 2,112 1,085 (1,106 ) 425 23,539 Net (charge-offs)/recoveries: Charge-offs (1,694 ) — — — (916 ) — (2,610 ) Recoveries — — — — 750 21 771 Net (charge-offs)/recoveries (1,694 ) — — — (166 ) 21 (1,839 ) Foreign exchange translation adjustment 195 (2 ) 70 — — — 263 Balance at end of period $ 137,299 $ 2,553 $ 32,668 $ 7,034 $ 11,254 $ 3,412 $ 194,220 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) March 31, 2017 C&I $ 1,777 $ 116,883 $ 118,660 $ 6,428 $ 7,274,790 $ 7,281,218 CRE construction — 1,527 1,527 — 119,815 119,815 CRE — 44,159 44,159 — 2,881,936 2,881,936 Tax-exempt — 4,353 4,353 — 852,021 852,021 Residential mortgage 2,721 9,657 12,378 54,125 2,761,871 2,815,996 SBL — 5,157 5,157 — 2,061,454 2,061,454 Total $ 4,498 $ 181,736 $ 186,234 $ 60,553 $ 15,951,887 $ 16,012,440 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 March 31, 2017 , and $11 million at September 30, 2016 .

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	6 Months Ended
	Mar. 31, 2017
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, certain other LIHTC Funds, 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) March 31, 2017 Private Equity Interests $ 112,975 $ 4,344 Guaranteed LIHTC Fund (2) 53,456 2,718 Other LIHTC Funds 8,608 3,541 Restricted Stock Trust Fund 14,990 14,990 Total $ 190,029 $ 25,593 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 may 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 17 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. March 31, 2017 September 30, 2016 (in thousands) Assets: Cash and cash equivalents $ 5,479 $ 8,302 Assets segregated pursuant to regulations and other segregated assets 2,426 2,412 Receivables, other 340 28,463 Intercompany receivables 481 Other investments 106,675 103,632 Investments in real estate partnerships held by consolidated variable interest entities 59,639 61,004 Trust fund investment in RJF common stock (1) 14,989 9,948 Total assets $ 190,029 $ 213,761 Liabilities and equity: Trade and other payables $ 6,609 $ 3,617 Intercompany payables 18,686 15,703 Total liabilities 25,295 19,320 RJF equity 40,926 40,729 Noncontrolling interests 123,808 153,712 Total equity 164,734 194,441 Total liabilities and equity $ 190,029 $ 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 March 31, Six months ended March 31, 2017 2016 2017 2016 (in thousands) Revenues: Interest $ 2 $ 302 $ 418 $ 604 Other 190 555 2,432 1,044 Total revenues 192 857 2,850 1,648 Non-interest expenses (1) 5,967 6,522 7,996 7,797 Net loss including noncontrolling interests (5,775 ) (5,665 ) (5,146 ) (6,149 ) Net income attributable to noncontrolling interests (5,482 ) (5,712 ) (5,343 ) (5,531 ) Net (loss) income attributable to RJF $ (293 ) $ 47 $ 197 $ (618 ) (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 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 nearly all of the non-guaranteed LIHTC Fund VIEs and, accordingly, does not consolidate these funds. RJTCF consolidates the one Guaranteed LIHTC Fund VIE it sponsors (see Note 17 for further discussion of the guarantee obligation as well as other RJTCF commitments) as well as any non-guaranteed LIHTC fund of which it concludes it is the primary beneficiary. RJTCF holds an interest in a limited number of LIHTC Funds it determines not to be VIEs and consolidates a number of such LIHTC funds through the application of the voting interest model. 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 for which it determines it is not the primary beneficiary. 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 these Private Equity Interest VIEs. Accordingly, we do not consolidate these Private Equity Interests. 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. March 31, 2017 September 30, 2016 Aggregate assets Aggregate liabilities Our risk of loss Aggregate assets Aggregate liabilities Our risk of loss (in thousands) LIHTC Funds $ 4,771,794 $ 1,778,932 $ 103,429 $ 4,217,812 $ 1,429,085 $ 83,562 NMTC Funds 30,231 87 9 65,338 68 12 Private Equity Interests 11,677,061 132,058 74,942 14,286,950 132,334 70,336 Other 140,609 73,974 3,259 144,579 83,174 2,240 Total $ 16,619,695 $ 1,985,051 $ 181,639 $ 18,714,679 $ 1,644,661 $ 156,150

GOODWILL AND IDENTIFIABLE INTAN

GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS	6 Months Ended
	Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INDENTIFIABLE INTANGIBLE ASSETS	GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS The following are our goodwill and net identifiable intangible asset balances as of the dates indicated: March 31, 2017 September 30, 2016 (in thousands) Goodwill $ 407,012 $ 408,072 Identifiable intangible assets, net 89,210 96,370 Total goodwill and identifiable intangible assets, net $ 496,222 $ 504,442 Our goodwill and identified intangible assets result from various acquisitions. As more fully described in Note 3 , in fiscal 2016 we acquired Alex. Brown, 3Macs and Mummert, which included a number of identifiable intangible assets as well as goodwill. See Note 13 on pages 161 - 164 of our 2016 Form 10-K for a discussion of the components of our goodwill balance and additional information regarding our identifiable intangible assets. See the discussion of our intangible assets and goodwill accounting policies in Note 2 on pages 122 - 123 of our 2016 Form 10-K. Goodwill The following summarizes our goodwill by segment, along with the balance and activity, as of the dates indicated: Three months ended March 31, Six months ended March 31, Segment Segment Private client group Capital markets Total Private client group Capital markets Total (in thousands) Fiscal year 2017 Goodwill as of beginning of period $ 274,984 $ 131,513 $ 406,497 $ 275,521 $ 132,551 $ 408,072 Foreign currency translation 219 296 515 (318 ) (742 ) (1,060 ) Impairment losses — — — — — — Goodwill as of end of period $ 275,203 $ 131,809 $ 407,012 $ 275,203 $ 131,809 $ 407,012 Fiscal year 2016 Goodwill as of beginning of period $ 186,733 $ 120,902 $ 307,635 $ 186,733 $ 120,902 $ 307,635 Foreign currency translation 2,622 2,748 5,370 2,622 2,748 5,370 Impairment losses — — — — — — Goodwill as of end of period $ 189,355 $ 123,650 $ 313,005 $ 189,355 $ 123,650 $ 313,005 We perform goodwill testing on an annual basis or when an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. During the quarter, we changed our annual goodwill impairment test date for all reporting units from December 31 to January 1; however, the results of our test did not change as we continue to evaluate balances as of December 31. We performed our latest annual goodwill impairment testing during the quarter ended March 31, 2017, evaluating balances as of December 31, 2016, and no impairment was identified. In that testing, we performed both a qualitative impairment assessment for certain of our reporting units and a quantitative impairment assessment for our two RJ Ltd. reporting units operating in Canada. We assign goodwill to reporting units. Our reporting units include: a domestic Private Client Group (RJ&A domestic retail brokerage operations and our subsidiary The Producers Choice LLC (“TPC”)) and a Canadian Private Client Group (RJ Ltd. Private Client Group), each included in our Private Client Group segment; and RJ&A Fixed Income, U.S. Managed Equity Capital Markets, and RJ Ltd. Capital Markets (associated with our Canadian operations), each included in our Capital Markets segment. Qualitative Assessments For each reporting unit on which we performed a qualitative assessment, we determined whether it was more likely than not that the carrying value of the reporting unit, including the recorded goodwill, was in excess of the fair value of the reporting unit. In any instance in which we are unable to qualitatively conclude that it is more likely than not that the fair value of the reporting unit exceeds the reporting unit carrying value including goodwill, a quantitative analysis of the fair value of the reporting unit would be performed. Based upon the outcome of our qualitative assessments, we determined that no quantitative analysis of the fair value of any of the reporting units we elected to qualitatively analyze was required, and we concluded that none of the goodwill allocated to any of those reporting units was impaired. No events have occurred since our assessment that would cause us to update this impairment testing. Quantitative Assessments For our two RJ Ltd. reporting units, we elected not to perform a qualitative assessment and instead performed quantitative assessments of the equity value of each RJ Ltd. reporting unit that had an allocation of goodwill. In our determination of the reporting unit fair value of equity, we used a combination of the income approach and the market approach. Under the income approach, we used discounted cash flow models applied to each respective reporting unit. Under the market approach, we calculated an estimated fair value based on a combination of multiples of earnings of guideline companies in the brokerage and capital markets industry that are publicly traded on organized exchanges, and the book value of comparable transactions. The estimated fair value of the equity of the reporting unit resulting from each of these valuation approaches was dependent upon the estimates of future business unit revenues and costs. Such estimates were subject to critical assumptions regarding the nature and health of financial markets in future years as well as the discount rate to apply to the projected future cash flows. In estimating future cash flows, a balance sheet as of December 31, 2016 and a statement of operations for the last twelve months of activity for each reporting unit were compiled. Future balance sheets and statements of operations were then projected, and estimated future cash flows were determined by the combination of these projections. The cash flows were discounted at the reporting units estimated cost of equity, which was derived through application of the capital asset pricing model. The valuation result from the market approach was dependent upon the selection of the comparable guideline companies and transactions and the earnings multiple applied to each respective reporting units’ projected earnings. Finally, significant management judgment was applied in determining the weight assigned to the outcome of the market approach and the income approach, which resulted in one single estimate of the fair value of the equity of the reporting unit. The following summarizes certain key assumptions utilized in our quantitative analysis: Key assumptions Weight assigned to the outcome of: Segment Reporting unit Goodwill as of December 31, 2016 (in thousands) Discount rate used in the income approach Multiple applied to revenue/EPS in the market approach Income approach Market approach Private client group: RJ Ltd. Private Client Group $ 22,735 14.5 % 1.2x/12.9x 75 % 25 % Capital markets: RJ Ltd. Capital Markets $ 18,997 14.5 % 1.2x/13.3x 75 % 25 % The assumptions and estimates utilized in determining the fair value of reporting unit equity are sensitive to changes, including, but not limited to, a decline in overall market conditions, adverse business trends and changes in the regulations. Based upon the outcome of our quantitative assessments, we concluded that none of the goodwill associated with our two RJ Ltd. reporting units was impaired. No events have occurred since our quantitative assessments during the quarter ended March 31, 2017 that would cause us to update this impairment testing. Identifiable intangible assets, net The following table sets forth our identifiable intangible asset balances by segment, net of accumulated amortization, and activity for the periods indicated: Segment Private client group Capital markets Asset management RJ Bank Total (in thousands) For the three months ended March 31, 2017 Net identifiable intangible assets as of beginning of period $ 51,371 $ 26,334 $ 13,471 $ 1,522 $ 92,698 Additions — — — 76 76 Amortization expense (1,494 ) (1,562 ) (500 ) (90 ) (3,646 ) Foreign currency translation 24 5 53 — 82 Impairment losses — — — — — Net identifiable intangible assets as of end of period $ 49,901 $ 24,777 $ 13,024 $ 1,508 $ 89,210 For the six months ended March 31, 2017 Net identifiable intangible assets as of beginning of period $ 52,936 $ 27,937 $ 14,101 $ 1,396 $ 96,370 Additions — — — 207 207 Amortization expense (3,014 ) (3,127 ) (998 ) (182 ) (7,321 ) Foreign currency translation (21 ) (33 ) (79 ) — (133 ) Impairment losses — — — 87 87 Net identifiable intangible assets as of end of period $ 49,901 $ 24,777 $ 13,024 $ 1,508 $ 89,210 For the three months ended March 31, 2016 Net identifiable intangible assets as of beginning of period $ 17,799 $ 31,211 $ 16,301 $ 1,461 $ 66,772 Additions — — — 87 87 Amortization expense (384 ) (1,319 ) (565 ) (95 ) (2,363 ) Foreign currency translation — — (537 ) — (537 ) Impairment losses — — — — — Net identifiable intangible assets as of end of period $ 17,415 $ 29,892 $ 15,199 $ 1,453 $ 63,959 For the six months ended March 31, 2016 Net identifiable intangible assets as of beginning of period $ 18,182 $ 32,532 $ 17,137 $ 1,476 $ 69,327 Additions — — — 160 160 Amortization expense (767 ) (2,640 ) (1,181 ) (183 ) (4,771 ) Foreign currency translation — — (537 ) — (537 ) Impairment losses — — — — — Other — — (220 ) — (220 ) Net identifiable intangible assets as of end of period $ 17,415 $ 29,892 $ 15,199 $ 1,453 $ 63,959 Identifiable intangible assets by type are presented below: March 31, 2017 September 30, 2016 Gross carrying value Accumulated amortization Gross carrying value Accumulated amortization (in thousands) Customer relationships $ 99,359 $ (27,050 ) $ 99,470 $ (22,895 ) Trade name 8,118 (1,281 ) 8,172 (499 ) Developed technology 12,630 (11,543 ) 12,630 (10,280 ) Intellectual property 509 (98 ) 516 (73 ) Non-compete agreements 3,309 (1,067 ) 3,314 (612 ) Seller relationship agreements 5,300 (485 ) 5,300 (69 ) Mortgage servicing rights 2,265 (756 ) 2,144 (748 ) Total $ 131,490 $ (42,280 ) $ 131,546 $ (35,176 )

BANK DEPOSITS

BANK DEPOSITS	6 Months Ended
	Mar. 31, 2017
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: March 31, 2017 September 30, 2016 Balance Weighted-average rate (1) Balance Weighted-average rate (1) ($ in thousands) Bank deposits: NOW accounts $ 5,848 0.01 % $ 4,958 0.01 % Demand deposits (non-interest-bearing) 19,239 — 7,264 — Savings and money market accounts 16,067,972 0.08 % 13,935,089 0.05 % Certificates of deposit 284,485 1.52 % 315,236 1.55 % Total bank deposits (2) $ 16,377,544 0.10 % $ 14,262,547 0.08 % (1) Weighted-average rate calculation is based on the actual deposit balances at March 31, 2017 and September 30, 2016 , respectively. (2) Bank deposits exclude affiliate deposits of $292 million at March 31, 2017 , and $353 million at September 30, 2016 . These affiliate deposits include $282 million as of March 31, 2017 , 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 March 31, 2017 is $20 million . Scheduled maturities of certificates of deposit are as follows: March 31, 2017 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 $ 9,041 $ 8,126 $ 14,252 $ 12,663 Over three through six months 8,013 5,507 14,191 9,750 Over six through twelve months 2,696 2,943 15,452 12,321 Over one through two years 49,283 18,401 32,816 11,060 Over two through three years 48,911 23,858 43,730 22,148 Over three through four years 46,548 26,313 58,425 28,863 Over four through five years 22,071 12,774 26,173 13,392 Total $ 186,563 $ 97,922 $ 205,039 $ 110,197 Interest expense on deposits is summarized as follows: Three months ended March 31, Six months ended March 31, 2017 2016 2017 2016 (in thousands) Certificates of deposit $ 999 $ 1,406 $ 2,134 $ 2,854 Money market, savings and NOW accounts (1) 2,398 1,346 4,046 1,917 Total interest expense on deposits $ 3,397 $ 2,752 $ 6,180 $ 4,771 (1) Excludes interest expense associated with affiliate deposits.

OTHER BORROWINGS

OTHER BORROWINGS	6 Months Ended
	Mar. 31, 2017
Other Borrowings [Abstract]
OTHER BORROWINGS	OTHER BORROWINGS The following table details the components of other borrowings: March 31, 2017 September 30, 2016 (in thousands) Other borrowings: FHLB advances $ 675,000 (1) $ 575,000 (2) Borrowings on secured lines of credit (3) 50,000 — Mortgage notes payable (4) 31,134 33,391 Borrowings on ClariVest revolving credit facility (5) 233 267 Borrowings on unsecured lines of credit (6) — — Total other borrowings $ 756,367 $ 608,658 (1) Borrowings from the FHLB as of March 31, 2017 are comprised of both floating and fixed-rate advances. As of March 31, 2017 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 14 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 March 31, 2017 is 1.3% . (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 $43 million at March 31, 2017 . 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 lender’s 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. There are no borrowings outstanding on the RJF Credit Facility as of either March 31, 2017 or September 30, 2016 . In May 2017, the maturity date of the RJF Credit Facility was extended from August 2020 to May 2022. 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 $222 million and $193 million as of March 31, 2017 and September 30, 2016 , respectively. These other collateralized financings are included in securities sold under agreements to repurchase (“repurchase agreements”) on the Condensed Consolidated Statements of Financial Condition. These financings are collateralized by non-customer, RJ&A-owned securities. See Note 15 for additional information regarding offsetting asset and liability balances as well as additional information regarding the collateral.

SENIOR NOTES PAYABLE

SENIOR NOTES PAYABLE	6 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
SENIOR NOTES PAYABLE	SENIOR NOTES PAYABLE The following summarizes our senior notes payable: March 31, September 30, (in thousands) 8.60% senior notes, due 2019 $ 300,000 $ 300,000 5.625% senior notes, due 2024 250,000 250,000 3.625% senior notes, due 2026 500,000 500,000 4.95% senior notes, due 2046 300,000 300,000 6.90% senior notes, due 2042 — 350,000 1,350,000 1,700,000 Unaccreted discount (1,515 ) (1,601 ) Unamortized debt issuance costs (8,903 ) (17,812 ) Total senior notes payable $ 1,339,582 $ 1,680,587 In August 2009 , we sold in a registered underwritten public offering $300 million in aggregate principal amount of 8.60% senior notes due August 2019 . Interest on these senior notes is payable semi-annually . We may redeem some or all of these senior notes at any time prior to their maturity, at a redemption price equal to the greater of (i) 100% of the principal amount of the notes redeemed, or (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon, discounted to the redemption date at a discount rate equal to a designated U.S. Treasury rate, plus 50 basis points, plus accrued and unpaid interest thereon to the redemption date. In March 2012 , we sold in a registered underwritten public offering $250 million in aggregate principal amount of 5.625% senior notes due April 2024 . Interest on these senior notes is payable semi-annually . We may redeem some or all of these senior notes at any time prior to their maturity, at a redemption price equal to the greater of (i) 100% of the principal amount of the notes redeemed, or (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon, discounted to the redemption date at a discount rate equal to a designated U.S. Treasury rate, plus 50 basis points, plus accrued and unpaid interest thereon to the redemption date. In July 2016 , we sold in a registered underwritten public offering $500 million in aggregate principal amount of 3.625% senior notes due September 2026 . Interest on these senior notes is payable semi-annually . We may redeem some or all of these senior notes at any time prior to their maturity, at a redemption price equal to the greater of (i) 100% of the principal amount of the notes redeemed, or (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon, discounted to the redemption date at a discount rate equal to a designated U.S. Treasury rate, plus 35 basis points, plus accrued and unpaid interest thereon to the redemption date. In July 2016 , we sold in a registered underwritten public offering $300 million in aggregate principal amount of 4.95% senior notes due July 2046 . Interest on these senior notes is payable semi-annually . We may redeem some or all of these senior notes at any time prior to their maturity, at a redemption price equal to the greater of (i) 100% of the principal amount of the notes redeemed, or (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon, discounted to the redemption date at a discount rate equal to a designated U.S. Treasury rate, plus 45 basis points, plus accrued and unpaid interest thereon to the redemption date. In March 2012 , we sold in a registered underwritten public offering $ 350 million in aggregate principal amount of 6.90% senior notes due 2042 . The notes were redeemed in March 2017 as discussed below. Redemption at par of certain senior notes On March 15, 2017 (the “Redemption Date”), we redeemed all of our outstanding 6.90% Senior Notes due 2042 . The aggregate principal amount outstanding of the 6.90% Senior Notes was $350 million . The redemption price on the Redemption Date was equal to the principal, plus accrued and unpaid interest thereon to the Redemption Date. Unamortized debt issuance costs as of the Redemption Date of $8 million were accelerated and are included in Other expenses in our Condensed Consolidated Statements of Income and Comprehensive Income for the three and six months ended March 31, 2017 . Issuance of senior notes subsequent to March 31, 2017 On May 5, 2017, we announced the issuance of $500 million in aggregate principal amount of 4.95% senior notes through the reopening of our July 2016 $300 million of 4.95% senior notes due 2046, in a registered public offering. The notes are treated as a single series with the July 2016 notes and have the same terms. The aggregate net proceeds, after underwriting discounts and commissions and estimated expenses, are expected to be used for working capital and for general corporate purposes.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	6 Months Ended
	Mar. 31, 2017
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 a clearing organization (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. 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,” on our Condensed Consolidated Statements of Financial Condition. The receivable for uncollected derivative transaction fee revenues of RJFP is $5 million and $7 million at March 31, 2017 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 forward foreign exchange contracts and interest rate swaps as part of RJ Bank’s business operations through its hedging activities (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 collateral related to derivative contracts To reduce credit exposure on certain of our derivative transactions, we may enter into a master netting arrangement that allows for net settlement of all derivative transactions with each counterparty. In addition, the credit support annex allows parties to the master netting 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. Where permitted, we elect to net-by-counterparty certain derivative contracts entered into under a legally enforceable master netting agreement and, therefore, the fair value of those derivative contracts are netted by counterparty in the Condensed Consolidated Statements of Financial Condition. As we elect to net-by-counterparty the fair value of such derivative contracts, we also net-by-counterparty any cash collateral exchanged as part of those derivative agreements. Refer to Note 15 for additional information regarding offsetting asset and liability balances. We are required to maintain cash or marketable security deposits with the clearing organizations we utilize to clear certain of our interest rate derivative transactions. These deposits, referred to as “initial margin,” are a component of deposits with clearing organizations on our Condensed Consolidated Statements of Financial Condition. On a daily basis we also pay cash to or receive cash from these clearing organizations due to changes in the fair value of the derivatives which they clear. Such payments are referred to as “variation margin.” During the three months ended March 31, 2017 , the Chicago Mercantile Exchange, a clearing organization we utilize to clear certain of our interest rate derivatives, adopted a rule change which requires variation margin to be considered settlement of the related derivatives instead of collateral. The impact of this change on our Condensed Consolidated Statements of Financial Condition was to reduce the gross fair value of these derivative assets and/or liabilities by the amount of variation margin received or paid on the related derivatives. Prior to the three months ended March 31, 2017 , such balances were included as a component of deposits with clearing organizations when such balances were in an asset position, or trade and other payables when such balances were in a liability position, on our Condensed Consolidated Statements of Financial Condition. 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 $19 million as of March 31, 2017 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 asset of $9 million and $3 million at March 31, 2017 and September 30, 2016 , respectively. Our maximum loss exposure under the interest rate swap contracts arising from our OTC Derivatives Operations at March 31, 2017 is $23 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 generally not required to post collateral with and do not generally receive collateral from 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. The fair value in the table below 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 15 for additional information regarding offsetting asset and liability balances. March 31, 2017 September 30, 2016 Asset derivatives Balance sheet location Notional amount Fair value Balance sheet location Notional amount Fair value (in thousands) Derivatives designated as hedging instruments: RJ Bank business operations Forward foreign exchange contracts (1) Prepaid expenses and other assets $ — $ — Prepaid expenses and other assets $ 988,200 $ 1,396 Derivatives not designated as hedging instruments: OTC derivatives operations Interest rate contracts Trading instruments $ 2,066,707 $ 68,747 Trading instruments $ 2,036,233 $ 153,482 Interest rate contracts (1) Trading instruments $ 135,558 $ 5,024 Trading instruments $ 121,715 $ 9,760 RJ Bank business operations Forward foreign exchange contracts (1) Prepaid expenses and other assets $ — $ — Prepaid expenses and other assets $ 411,300 $ 620 Forward foreign exchange contracts (2) Prepaid expenses and other assets $ 42,000 $ 276 Prepaid expenses and other assets $ — $ — Other Interest rate contracts Derivative instruments associated with offsetting matched book positions $ 1,439,519 $ 285,898 Derivative instruments associated with offsetting matched book positions $ 1,469,295 $ 422,196 Liability derivatives Derivatives designated as hedging instruments: RJ Bank business operations Interest rate contracts Trade and other payables $ 650,000 $ 941 Trade and other payables $ 550,000 $ 26,671 Forward foreign exchange contracts (1) Trade and other payables $ 1,054,100 $ 4,241 Trade and other payables $ — $ — Derivatives not designated as hedging instruments: OTC derivatives operations Interest rate contracts Trading instruments sold $ 2,864,319 $ 89,066 Trading instruments sold $ 1,997,100 $ 145,296 Interest rate contracts (1) Trading instruments sold $ 150,343 $ 2,181 Trading instruments sold $ 133,108 $ 6,398 RJ Bank business operations Forward foreign exchange contracts (1) Trade and other payables $ 457,200 $ 1,686 Trade and other payables $ — $ — Other Interest rate contracts Derivative instruments associated with offsetting matched book positions $ 1,439,519 $ 285,898 Derivative instruments associated with offsetting matched book positions $ 1,469,295 $ 422,196 DBRSUs (3) Accrued compensation, commissions and benefits $ 25,621 $ 25,621 Accrued compensation, commissions and benefits $ 17,769 $ 17,769 (1) The notional amount presented is denominated in Canadian currency. (2) The notional amount presented is denominated in Euro currency. (3) This derivative liability arose from our fiscal year 2016 acquisition of Alex. Brown (see Note 3 for information regarding this acquisition), whereby we assumed certain DBRSU awards. The notional amount for this derivative is the number of outstanding 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. The fair value of this derivative includes both the pre-combination and the post-combination share obligation. Gains (losses) recognized in AOCI, net of income taxes on derivatives are as follows (see Note 18 for additional information): Three months ended March 31, Six months ended March 31, 2017 2016 2017 2016 (in thousands) Forward foreign exchange contracts $ (4,539 ) $ (23,411 ) $ 6,787 $ (11,174 ) RJ Bank Interest Hedges 1,531 (11,469 ) 27,269 (8,204 ) Total (losses) gains recognized in AOCI, net of taxes $ (3,008 ) $ (34,880 ) $ 34,056 $ (19,378 ) 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 and six months ended March 31, 2017 and 2016 . We expect to reclassify an estimated $4 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 Gain (loss) recognized during the period Three months ended March 31, Six months ended March 31, 2017 2016 2017 2016 (in thousands) Derivatives not designated as hedging instruments: Interest rate contracts - OTC Derivatives Operations Net trading profit $ 1,965 $ 1,365 $ 4,194 $ 1,773 Interest rate contracts - Offsetting Match Book Derivatives Operations Other revenues $ 21 $ 23 $ (5 ) $ 46 Forward foreign exchange contracts - RJ Bank business operations Other revenues $ (2,278 ) $ (12,970 ) $ 5,636 $ (7,412 ) DBRSUs (1) Compensation, commissions and benefits expense $ 1,256 $ — $ (5,469 ) $ — DBRSUs (2) Acquisition-related expenses $ (2,733 ) $ — $ (2,383 ) $ — (1) We also hold shares of DB as of March 31, 2017 as an economic hedge against this obligation. The change in value of such DB shares is recorded as a component of compensation, commissions and benefits expense on our Condensed Consolidated Statements of Income and Comprehensive Income, and offsets a portion of the change in value of the DBRSUs. (2) Includes the impact on the DBRSU obligation of the DB rights offering during the three months ended March 31, 2017 and from forfeitures which occurred during the periods presented. The impact of the DB rights offering on the DBRSU obligation was partially offset by a gain on the rights offering related to our economic hedge, which was also reported in acquisition-related expenses. Risks associated with, and our risk mitigation related to, our derivative contracts Credit risk 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 a clearing organization. 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. 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. 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. Interest rate and foreign exchange risk 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. On a daily basis, we monitor our risk exposure in our derivative agreements 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. Derivatives with credit-risk-related contingent features 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 March 31, 2017 and September 30, 2016 is $5 million and $3 million , respectively, for which we have posted collateral of $1 million and $2 million , respectively, in the ordinary course of business. If the credit-risk-related contingent features underlying these agreements were triggered on March 31, 2017 and September 30, 2016 , we would have been required to post an additional $4 million and $1 million , respectively, of collateral to our counterparties.

DISCLOSURE OF OFFSETTING ASSETS

DISCLOSURE OF OFFSETTING ASSETS AND LIABILITIES, COLLATERAL, ENCUMBERED ASSETS, AND REPURCHASE AGREEMENTS	6 Months Ended
	Mar. 31, 2017
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 March 31, 2017: Assets Securities purchased under agreements to resell and other collateralized financings $ 535,224 $ — $ 535,224 $ (535,224 ) (1) $ — $ — Derivatives - interest rate contracts (2) 73,771 (45,705 ) 28,066 (5,179 ) — 22,887 Derivatives - forward foreign exchange contracts (3) 276 — 276 — — 276 Derivative instruments associated with offsetting matched book positions 285,898 — 285,898 (285,898 ) (4) — — Stock borrowed 132,049 — 132,049 (128,496 ) — 3,553 Total assets $ 1,027,218 $ (45,705 ) $ 981,513 $ (954,797 ) $ — $ 26,716 Liabilities Securities sold under agreements to repurchase $ (222,476 ) $ — $ (222,476 ) $ 222,476 (5) $ — $ — Derivatives - interest rate contracts (2) (91,247 ) 35,215 (56,032 ) — — (56,032 ) Derivatives - forward foreign exchange contracts (3) (5,927 ) — (5,927 ) — — (5,927 ) Derivatives - RJ Bank Interest Hedges (6) (941 ) — (941 ) — — (941 ) DBRSUs (7) (25,621 ) — (25,621 ) — — (25,621 ) Derivative instruments associated with offsetting matched book positions (285,898 ) — (285,898 ) 285,898 (4) — — Stock loaned (403,542 ) — (403,542 ) 389,464 — (14,078 ) Total liabilities $ (1,035,652 ) $ 35,215 $ (1,000,437 ) $ 897,838 $ — $ (102,599 ) 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) 163,242 (107,539 ) 55,703 (29,028 ) — 26,675 Derivatives - forward foreign exchange contracts (3) 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 (5) $ — $ — Derivatives - interest rate contracts (2) (151,694 ) 142,859 (8,835 ) 2,437 — (6,398 ) Derivatives - RJ Bank Interest Hedges (6) (26,671 ) — (26,671 ) — 26,671 — DBRSUs (7) (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 fair value amount of financial instruments pledged as collateral for securities purchased under agreements to resell (“reverse repurchase agreements”) and other collateralized financings amounts to $549 million and $486 million as of March 31, 2017 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 14 for additional information. (3) These contracts are associated with RJ Bank’s activities to hedge its foreign currency exposure and are included in prepaid expenses and other assets and trade and other payables in our Condensed Consolidated Statements of Financial Condition. See Note 14 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 14 for further discussion of the “pass through” structure of the derivative instruments associated with Offsetting Matched Book Derivatives Operations. (5) We are over-collateralized since the fair value amount of financial instruments pledged as collateral for repurchase agreements amounts to $229 million and $200 million as of March 31, 2017 and September 30, 2016 , respectively. (6) These contracts are associated with our RJ Bank Interest Hedges and are included in trade and other payables in our Condensed Consolidated Statements of Financial Condition. See Note 14 for additional information. (7) 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 March 31, 2017 , we hold shares of DB with a fair value of $19 million as an economic hedge against the DBRSU obligation. As of September 30, 2016 , such holdings amounted to shares of DB with a fair value of $12 million . See additional discussion of the DBRSUs in Note 20 . The table above excludes initial margin on derivative transactions posted with clearing organizations of $25 million and $20 million as of March 31, 2017 and September 30, 2016 , respectively. These deposits are included in deposits with clearing organizations on our Condensed Consolidated Statements of Financial Condition. See Note 14 for additional information. For financial statement purposes, we do not offset our reverse repurchase agreements, repurchase agreements, securities borrowing and securities lending transactions because the conditions for netting as specified by GAAP are not met. Our reverse repurchase agreements, repurchase agreements, securities borrowing and securities lending transactions 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 parties to the transaction. Although not offset on the Condensed Consolidated Statements of Financial Condition, these transactions are included in the preceding table. Collateral We receive cash and securities as collateral, primarily in connection with reverse repurchase agreements and other collateralized financings, securities borrowed, derivative transactions not transacted through a clearing organization, and client margin loans arising from our domestic operations. The cash collateral we receive is primarily associated with our OTC Derivative Operations (see Note 14 for additional information). The collateral we receive reduces our credit exposure to individual counterparties. 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 delivered or repledged, to satisfy one of our purposes described above: March 31, 2017 September 30, 2016 (in thousands) Collateral we received that is available to be delivered or repledged $ 2,937,994 $ 2,925,335 Collateral that we delivered or repledged $ 1,191,877 (1) $ 1,536,393 (2) (1) The collateral delivered or repledged as of March 31, 2017 , includes client margin securities which we pledged with a clearing organization in the amount of $255 million which were applied against our requirement of $224 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 financial instruments 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: March 31, 2017 September 30, 2016 (in thousands) Financial instruments owned, at fair value, pledged to counterparties that: Had the right to deliver or repledge $ 617,310 $ 587,369 Did not have the right to deliver or repledge $ 50,115 (1) $ 25,200 (2) (1) Assets delivered or repledged as of March 31, 2017 , includes securities which we pledged with a clearing organization in the amount of $44 million which were applied against our requirement of $224 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 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 March 31, 2017 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 reverse repurchase agreements and repurchase agreements, and securities borrowed and securities loaned accounting policies. The following table presents the remaining contractual maturity of repurchase agreements 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 March 31, 2017: Repurchase agreements Government and agency obligations $ 114,147 $ — $ — $ — $ 114,147 Agency MBS and CMOs 108,329 — — — 108,329 Total Repurchase Agreements 222,476 — — — 222,476 Securities lending Equity securities 403,542 — — — 403,542 Total $ 626,018 $ — $ — $ — $ 626,018 Gross amounts of recognized liabilities for repurchase agreements and securities lending transactions included in the Offsetting Assets and Liabilities table included within this footnote $ 626,018 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	6 Months Ended
	Mar. 31, 2017
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 and six months ended March 31, 2017 , our effective income tax rates are 31.9% and 30.3% , respectively, which are lower than the 33.9% effective tax rate for fiscal year 2016. The decrease in the current period effective tax rate compared to the fiscal year 2016 effective tax rate was primarily due to the impact of the adoption of the new share-based payment accounting guidance described in the preceding paragraph, which had a favorable impact of 6% on our effective rate for the six months ended March 31, 2017 . 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 impacted 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	6 Months Ended
	Mar. 31, 2017
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 March 31, 2017 , we had 11 open underwriting commitments (in the U.S. and Canada), which were subsequently sold in open market transactions and none of which resulted in a significant loss. 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 March 31, 2017 , we had made commitments through the extension of formal offers totaling $108 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 March 31, 2017 , $76 million of the total amount extended are unfunded commitments to prospects that had accepted our offer, or recently hired producers. On April 20, 2017, we announced we had entered into a definitive agreement to acquire the Scout Group. We expect the closing date of this purchase transaction to occur during the first quarter of fiscal year 2018. See Note 3 for more information. As of March 31, 2017 , RJ Bank had not settled purchases of $53 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 March 31, 2017 , the RJ Bank subsidiary has invested $58 million of the committed amount. See Note 22 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 $39 million as of March 31, 2017 . Of the total, we have unfunded commitments to internally-sponsored private equity limited partnerships in which we control the general partner of $18 million . As part of the terms governing our fiscal year 2015 acquisition of 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 over a measurement period up to three years after the TPC closing date (July 31, 2015). During the six months ended March 31, 2017 certain earn-out payments were measured and applicable amounts paid to the sellers of TPC. The remaining elements of contingent consideration will be determined in the future based upon the outcome of either specific performance of defined tasks, or the achievement of specified revenue growth hurdles. Our initial estimate of the fair value of the elements of contingent consideration as of the TPC closing date was included in our determination of the goodwill arising from this acquisition. As of March 31, 2017 , we computed an estimate of the fair value of the 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. The measurement date to determine the amount of contingent consideration arising from the Alex. Brown acquisition occurred during the three months ended March 31, 2017, resulting in a return to RJF of a portion of the purchase price paid at closing. Gains related to this contingent consideration were recorded as a reduction to acquisition-related expenses in the Condensed Consolidated Statements of Income and Comprehensive Income. In addition, the terms of the acquisition 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 March 31, 2017 , 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 March 31, 2017 , RJTCF has $99 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 March 31, 2017 , RJ&A had $783 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 March 31, 2017 aggregate to a net liability with a fair value of $2 million . The estimated fair value of the purchase commitment is a $2 million asset balance as of March 31, 2017 . 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 censures 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 21 for additional information regarding regulatory capital requirements applicable to RJF and certain of its subsidiaries. Guarantees RJF guarantees interest rate swap obligations of RJ Cap Services. See Note 14 for additional information regarding interest rate swaps. RJF guarantees the existing mortgage debt of RJ&A of $31 million , see Note 12 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 $2 million as of March 31, 2017 . 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 six 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 March 31, 2017 related to this obligation. The maximum exposure to loss under this guarantee is $23 million at March 31, 2017 , 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 Financial Corporation (“Regions”)), as of March 31, 2017 , we estimate the upper end of the range of reasonably possible aggregate loss to be approximately $50 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, created in 2007, 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 and associated limited partnerships (“Jay Peak”). 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. On April 13, 2017, we entered into an agreement regarding a proposed final, comprehensive settlement of all past, present and future investor claims against us relating to the Jay Peak matters (“Jay Peak matter”). Under the agreement, we would pay to the SEC-appointed receiver for the Jay Peak entities an aggregate of $150 million which includes $4.5 million previously paid in our settlement with the State of Vermont. The settlement amount, net of amounts previously paid, is included in Trade and other payables in our Condensed Consolidated Statements of Financial Condition as of March 31, 2017. The agreement further provides that the court will issue a bar order stipulating that no further civil actions will be commenced or prosecuted against us (other than by governmental bodies or agencies) on the basis of the events underlying the litigation. The proposed settlement is subject to court review and approval and other customary conditions. At this time, there can be no assurance that the conditions to effect the settlement will be met or that the settlement will receive the required court approval. In addition, the settlement provides us with the right to recover some of our settlement payments through sharing in proceeds of certain third-party recoveries that may be obtained by or on behalf of the receiver or the receivership entities. Morgan Keegan Litigation Indemnification from Regions Under the agreement with 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 March 31, 2017 , management estimates the range of potential liability of all Morgan Keegan matters subject to indemnification, including the cost of defense, to be from $12 million to $45 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 March 31, 2017 our Condensed Consolidated Statements of Financial Condition include an indemnification asset of $33 million which is included in other assets, and a liability for potential losses of $33 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. In a decision issued on April 27, 2017, the Superior Court of New Jersey, Appellate Division, affirmed the trial court's dismissal of certain claims against Morgan Keegan, including RICO allegations, while remanding to the trial court the claims of disparagement and tortious interference with prospective business relations. The appeals court likewise affirmed the trial court's exclusion of plaintiffs' damages expert's report.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
	Mar. 31, 2017
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 March 31, Six months ended March 31, 2017 2016 2017 2016 (in thousands) Unrealized gain (loss) on available for sale securities and non-credit portion of other-than-temporary impairment losses $ 1,952 $ 1,099 $ (2,194 ) $ (5,692 ) Unrealized gain on currency translations, net of the impact of net investment hedges 2,223 10,714 3,224 4,099 Unrealized gain (loss) on cash flow hedges 1,531 (11,469 ) 27,269 (8,204 ) Net other comprehensive income (loss) $ 5,706 $ 344 $ 28,299 $ (9,797 ) 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 and six months ended March 31, 2017 and 2016 (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 March 31, 2017 Accumulated other comprehensive income (loss) as of the beginning of the period $ 97,808 $ (131,901 ) $ (34,093 ) $ (8,302 ) $ 9,255 $ (33,140 ) Other comprehensive (loss) income before reclassifications and taxes (7,253 ) 7,151 (102 ) 3,055 970 3,923 Amounts reclassified from accumulated other comprehensive income, before tax — — — 94 1,498 1,592 Pre-tax net other comprehensive (loss) income (7,253 ) 7,151 (102 ) 3,149 2,468 5,515 Income tax effect 2,714 (389 ) 2,325 (1,197 ) (937 ) 191 Net other comprehensive (loss) income for the period, net of tax (4,539 ) 6,762 2,223 1,952 1,531 5,706 Accumulated other comprehensive income (loss) as of end of period $ 93,269 $ (125,139 ) $ (31,870 ) $ (6,350 ) $ 10,786 $ (27,434 ) Six months ended March 31, 2017 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 10,845 (10,605 ) 240 (3,803 ) 40,911 37,348 Amounts reclassified from accumulated other comprehensive income, before tax — 6,537 6,537 82 3,070 9,689 Pre-tax net other comprehensive income (loss) 10,845 (4,068 ) 6,777 (3,721 ) 43,981 47,037 Income tax effect (4,058 ) 505 (3,553 ) 1,527 (16,712 ) (18,738 ) Net other comprehensive income (loss) for the period, net of tax 6,787 (3,563 ) 3,224 (2,194 ) 27,269 28,299 Accumulated other comprehensive income (loss) as of end of period $ 93,269 $ (125,139 ) $ (31,870 ) $ (6,350 ) $ 10,786 $ (27,434 ) Three months ended March 31, 2016 Accumulated other comprehensive income (loss) as of the beginning of the period $ 105,440 $ (149,328 ) $ (43,888 ) $ (5,371 ) $ (1,385 ) $ (50,644 ) Other comprehensive (loss) income before reclassifications and taxes (37,416 ) 36,031 (1,385 ) 1,740 (20,029 ) (19,674 ) Amounts reclassified from accumulated other comprehensive income, before tax — — — 53 1,531 1,584 Pre-tax net other comprehensive (loss) income (37,416 ) 36,031 (1,385 ) 1,793 (18,498 ) (18,090 ) Income tax effect 14,005 (1,906 ) 12,099 (694 ) 7,029 18,434 Net other comprehensive (loss) income for the period, net of tax (23,411 ) 34,125 10,714 1,099 (11,469 ) 344 Accumulated other comprehensive income (loss) as of end of period $ 82,029 $ (115,203 ) $ (33,174 ) $ (4,272 ) $ (12,854 ) $ (50,300 ) Six months ended March 31, 2016 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 (loss) income before reclassifications and taxes (17,860 ) 16,154 (1,706 ) (9,112 ) (16,171 ) (26,989 ) Amounts reclassified from accumulated other comprehensive income, before tax — — — 53 2,939 2,992 Pre-tax net other comprehensive (loss) income (17,860 ) 16,154 (1,706 ) (9,059 ) (13,232 ) (23,997 ) Income tax effect 6,686 (881 ) 5,805 3,367 5,028 14,200 Net other comprehensive (loss) income for the period, net of tax (11,174 ) 15,273 4,099 (5,692 ) (8,204 ) (9,797 ) Accumulated other comprehensive income (loss) as of end of period $ 82,029 $ (115,203 ) $ (33,174 ) $ (4,272 ) $ (12,854 ) $ (50,300 ) (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 14 for additional information on these derivatives). (2) Represents RJ Bank Interest Hedges (see Note 14 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 and six months ended March 31, 2017 and 2016 : 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 March 31, 2017 RJ Bank available for sale securities $ 94 Other revenue RJ Bank Interest Hedges (1) 1,498 Interest expense 1,592 Total before tax Income tax effect (605 ) Provision for income taxes Total reclassifications for the period $ 987 Net of tax Six months ended March 31, 2017 RJ Bank available for sale securities 82 Other revenue RJ Bank Interest Hedges (1) 3,070 Interest expense Currency translations (2) 6,537 Other expense 9,689 Total before tax Income tax effect (3,681 ) Provision for income taxes Total reclassifications for the period $ 6,008 Net of tax Three months ended March 31, 2016 Available for sale securities: Auction rate securities $ 53 Other revenue RJ Bank Interest Hedges (1) $ 1,531 Interest expense 1,584 Total before tax Income tax effect (602 ) Provision for income taxes Total reclassifications for the period $ 982 Net of tax Six months ended March 31, 2016 Available for sale securities: Auction rate securities $ 53 Other revenue RJ Bank Interest Hedges (1) 2,939 Interest expense 2,992 Total before tax Income tax effect (1,137 ) Provision for income taxes Total reclassifications for the period $ 1,855 Net of tax (1) See Note 14 for additional information regarding the RJ Bank Interest Hedges, and Note 5 for additional fair value information regarding these derivatives. (2) During the quarter ended December 31, 2016, 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	6 Months Ended
	Mar. 31, 2017
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 March 31, Six months ended March 31, 2017 2016 2017 2016 (in thousands) Interest income: Margin balances $ 20,312 $ 17,068 $ 40,293 $ 34,502 Assets segregated pursuant to regulations and other segregated assets 10,137 6,686 18,266 10,658 Bank loans, net of unearned income 137,786 123,370 273,311 230,971 Available for sale securities 5,675 1,921 9,075 3,572 Trading instruments 5,391 5,145 10,397 9,426 Stock loaned 3,914 2,212 6,646 4,127 Loans to financial advisors 3,269 2,011 6,577 3,910 Corporate cash and all other 6,060 3,225 10,761 6,944 Total interest income $ 192,544 $ 161,638 $ 375,326 $ 304,110 Interest expense: Brokerage client liabilities $ 852 $ 635 $ 1,528 $ 862 Retail bank deposits (1) 3,397 2,752 6,180 4,771 Trading instruments sold but not yet purchased 1,460 1,371 2,788 2,562 Stock borrowed 1,944 773 3,172 1,396 Borrowed funds 3,908 3,328 7,627 6,093 Senior notes 23,665 19,091 48,364 38,182 Other 1,451 1,159 2,984 1,942 Total interest expense 36,677 29,109 72,643 55,808 Net interest income 155,867 132,529 302,683 248,302 Subtract: provision for loan losses (7,928 ) (9,629 ) (6,888 ) (23,539 ) Net interest income after provision for loan losses $ 147,939 $ 122,900 $ 295,795 $ 224,763 (1) Excludes interest expense associated with affiliate deposits.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	6 Months Ended
	Mar. 31, 2017
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 and independent contractor financial advisors is presented below: Three months ended March 31, Six months ended March 31, 2017 2016 2017 2016 (in thousands) Total share-based expense $ 3,196 $ 1,360 $ 7,372 $ 5,072 Income tax benefit related to share-based expense 426 — 971 434 For the six months ended March 31, 2017 , we realized $3 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 March 31, 2017 , we granted 5,000 stock options to employees with a weighted-average grant-date fair value of $22.06 . During the six months ended March 31, 2017 , we granted 223,800 stock options to employees with a weighted-average grant-date fair value of $19.96 . There were no stock options granted to independent contractor financial advisors during the three months ended March 31, 2017 . During the six months ended March 31, 2017 , we granted 50,200 stock options to independent contractor financial advisors. The fair value of each option awarded to our independent contractor financial advisors is estimated on the date of grant and periodically revalued using the Black-Scholes option pricing model. The weighted-average fair value for outstanding stock options granted to independent contractor financial advisors as of March 31, 2017 was $30.41 . Pre-tax expense not yet recognized for stock option awards granted to employees and independent contractor financial advisors, net of estimated forfeitures, and the remaining period over which the expense will be recognized as of March 31, 2017 , are presented below: Pre-tax expense not yet recognized Remaining weighted- average amortization period (in thousands) (in years) Employees $ 18,688 2.8 Independent contractor financial advisors 2,947 3.3 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, members of our Board of Directors and independent contractor financial advisors are presented below: Three months ended March 31, Six months ended March 31, 2017 2016 2017 2016 (in thousands) Total share-based expense $ 18,415 $ 16,911 $ 46,100 (1) $ 34,820 Income tax benefit related to share-based expense 5,640 6,006 15,689 12,375 (1) The total share-based expense in the six months ended March 31, 2017 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. There was no share-based compensation expense included as a component of acquisition-related expenses in the three months ended March 31, 2017 . For the six months ended March 31, 2017 , we realized $18 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 and six months ended March 31, 2017 , we granted 76,500 and 1,552,000 restricted stock units to employees, respectively with a weighted-average grant-date fair value of $77.65 and $72.16 . During the three and six months ended March 31, 2017 we granted 14,100 restricted stock units to outside members of our Board of Directors with a weighted-average grant date fair value of $79.05 . As of March 31, 2017 , there was $151 million of total pre-tax compensation costs not yet recognized, 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 3.4 years . There are no outstanding restricted stock units related to our independent contractor financial advisors as of March 31, 2017 . 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 derivatives, see Note 14 for additional information regarding these derivatives. The net impact of the DBRSUs in our Condensed Consolidated Statements of Income and Comprehensive Income for the three and six months ended March 31, 2017 , including the related income tax effects, is presented below: Three months ended March 31, 2017 Six months ended March 31, 2017 (in thousands) Amortization of DBRSU prepaid compensation asset $ 1,238 $ 2,778 Change in fair value of derivative liability (1) (1,477 ) 7,852 Net expense before tax $ (239 ) $ 10,630 Income tax benefit $ 1,028 $ 3,948 (1) Includes the impact of a DB rights offering during the three months ended March 31, 2017 , which increased the fair value of the derivative liability due to the DBRSU plan terms and conditions, and was reported in acquisition-related expenses on the Condensed Consolidated Statements of Income and Comprehensive Income. Also includes the impact of DBRSUs forfeited during the three and six months ended March 31, 2017 As of March 31, 2017 , there was a $12 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 2.5 years . As of March 31, 2017 , there was a $26 million derivative liability included in accrued compensation, commissions and benefits in our Condensed Consolidated Statements of Financial Condition based on the March 31, 2017 share price of DB shares of $17.16 . We hold shares of DB as of March 31, 2017 as an economic hedge against this obligation. Such shares are included in other investments on our Condensed Consolidated Statements of Financial Condition. The gains/losses on this hedge are included as a component of compensation, commissions and benefits expense, or acquisition-related expenses as applicable, and offset a portion of the gains/losses on the DBRSUs incurred during the periods discussed above.

REGULATIONS AND CAPITAL REQUIRE

REGULATIONS AND CAPITAL REQUIREMENTS	6 Months Ended
	Mar. 31, 2017
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 March 31, 2017 , RJF’s and RJ Bank’s capital conservation buffers were 14.7% and 5.7% , respectively. The applicable required capital conservation buffer for each as of March 31, 2017 was 1.25% . 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 March 31, 2017: Common equity Tier 1 capital $ 4,699,214 21.8 % $ 971,040 4.5 % $ 1,402,613 6.5 % Tier 1 capital $ 4,699,214 21.8 % $ 1,294,720 6.0 % $ 1,726,293 8.0 % Total capital $ 4,903,625 22.7 % $ 1,726,293 8.0 % $ 2,157,866 10.0 % Tier 1 leverage $ 4,699,214 14.5 % $ 1,295,023 4.0 % $ 1,618,779 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 March 31, 2017 compared to September 30, 2016 was primarily the result of positive earnings during the six months ended March 31, 2017 , offset by the growth of RJ Bank’s assets. To meet the requirements for capital adequacy or to be categorized as “well capitalized,” RJ Bank must maintain CET1, 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 March 31, 2017: Common equity Tier 1 capital $ 1,728,983 12.4 % $ 627,107 4.5 % $ 905,821 6.5 % Tier 1 capital $ 1,728,983 12.4 % $ 836,142 6.0 % $ 1,114,856 8.0 % Total capital $ 1,903,444 13.7 % $ 1,114,856 8.0 % $ 1,393,570 10.0 % Tier 1 leverage $ 1,728,983 9.3 % $ 741,617 4.0 % $ 927,022 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 March 31, 2017 compared to September 30, 2016 was primarily due to growth in assets. 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 March 31, 2017 September 30, 2016 ($ in thousands) Raymond James & Associates, Inc.: (Alternative Method elected) Net capital as a percent of aggregate debit items 18.14 % 19.61 % Net capital $ 476,182 $ 512,594 Less: required net capital (52,497 ) (52,287 ) Excess net capital $ 423,685 $ 460,307 The net capital position of our wholly owned broker-dealer subsidiary RJFS is as follows: As of March 31, 2017 September 30, 2016 (in thousands) Raymond James Financial Services, Inc.: (Alternative Method elected) Net capital $ 26,012 $ 27,013 Less: required net capital (250 ) (250 ) Excess net capital $ 25,762 $ 26,763 The risk adjusted capital of RJ Ltd. is as follows (in Canadian dollars): As of March 31, 2017 September 30, 2016 (in thousands) Raymond James Ltd.: Risk adjusted capital before minimum $ 84,369 $ 77,110 Less: required minimum capital (250 ) (250 ) Risk adjusted capital $ 84,119 $ 76,860 At March 31, 2017 , all of our other active regulated domestic and international subsidiaries are in compliance with and met all applicable capital requirements.

FINANCIAL INSTRUMENTS WITH OFF-

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	6 Months Ended
	Mar. 31, 2017
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 17 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 March 31, 2017 , forward contracts outstanding to buy and sell U.S. dollars totaled CDN $9 million and CDN $10 million , respectively. RJ Bank is also subject to foreign exchange risk related to its net investment in a Canadian subsidiary. See Note 14 for information regarding how RJ Bank utilizes derivatives 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: March 31, 2017 (in thousands) Standby letters of credit $ 35,736 Open-end consumer lines of credit (primarily SBL) 4,393,523 Commercial lines of credit 1,667,960 Unfunded loan commitments 426,213 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	6 Months Ended
	Mar. 31, 2017
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 March 31, Six months ended March 31, 2017 2016 2017 2016 (in thousands, except per share amounts) Income for basic earnings per common share: Net income attributable to RJF $ 112,755 $ 125,847 $ 259,322 $ 232,176 Less allocation of earnings and dividends to participating securities (1) (262 ) (313 ) (576 ) (549 ) Net income attributable to RJF common shareholders $ 112,493 $ 125,534 $ 258,746 $ 231,627 Income for diluted earnings per common share: Net income attributable to RJF $ 112,755 $ 125,847 $ 259,322 $ 232,176 Less allocation of earnings and dividends to participating securities (1) (258 ) (309 ) (566 ) (541 ) Net income attributable to RJF common shareholders $ 112,497 $ 125,538 $ 258,756 $ 231,635 Common shares: Average common shares in basic computation 143,367 141,472 142,732 142,273 Dilutive effect of outstanding stock options and certain restricted stock units 3,412 2,540 3,387 2,774 Average common shares used in diluted computation 146,779 144,012 146,119 145,047 Earnings per common share: Basic $ 0.78 $ 0.89 $ 1.81 $ 1.63 Diluted $ 0.77 $ 0.87 $ 1.77 $ 1.60 Stock options and certain restricted stock units excluded from weighted-average diluted common shares because their effect would be antidilutive 408 3,234 1,652 3,270 (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 342 thousand and 362 thousand for the three months ended March 31, 2017 and 2016 , respectively. Participating securities represent unvested restricted stock and certain restricted stock units and amounted to weighted-average shares of 326 thousand and 350 thousand for the six months ended March 31, 2017 and 2016 , respectively. Dividends paid to participating securities were insignificant in the three and six months ended March 31, 2017 and 2016 . 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 March 31, Six months ended March 31, 2017 2016 2017 2016 Dividends per common share - declared $ 0.22 $ 0.20 $ 0.44 $ 0.40 Dividends per common share - paid $ 0.22 $ 0.20 $ 0.42 $ 0.38

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Mar. 31, 2017
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 March 31, Six months ended March 31, 2017 2016 2017 2016 (in thousands) Revenues: Private Client Group $ 1,088,561 $ 883,019 $ 2,131,877 $ 1,757,464 Capital Markets 260,480 241,319 497,462 470,297 Asset Management 116,520 96,842 230,616 197,080 RJ Bank 148,697 131,312 293,214 244,038 Other 16,009 9,872 31,468 14,272 Intersegment eliminations (29,953 ) (21,254 ) (55,555 ) (41,184 ) Total revenues (1) $ 1,600,314 $ 1,341,110 $ 3,129,082 $ 2,641,967 Income (loss) excluding noncontrolling interests and before provision for income taxes: Private Client Group $ 29,372 $ 83,232 $ 102,730 $ 152,372 Capital Markets 41,251 28,087 62,695 53,255 Asset Management 37,797 31,123 79,706 64,489 RJ Bank 91,911 85,134 196,032 150,999 Other (34,818 ) (29,458 ) (69,271 ) (54,659 ) Pre-tax income excluding noncontrolling interests 165,513 198,118 371,892 366,456 Add: net loss attributable to noncontrolling interests (4,210 ) (4,010 ) (3,074 ) (2,275 ) Income including noncontrolling interests and before provision for income taxes $ 161,303 $ 194,108 $ 368,818 $ 364,181 (1) No individual client accounted for more than ten percent of total revenues in any of the periods presented. Three months ended March 31, Six months ended March 31, 2017 2016 2017 2016 (in thousands) Net interest income (expense): Private Client Group $ 33,671 $ 24,572 $ 64,058 $ 47,498 Capital Markets 2,166 2,697 4,674 5,673 Asset Management 72 (12 ) 135 88 RJ Bank 138,511 121,297 272,783 227,485 Other (18,553 ) (16,025 ) (38,967 ) (32,442 ) Net interest income $ 155,867 $ 132,529 $ 302,683 $ 248,302 The following table presents our total assets on a segment basis: March 31, 2017 September 30, 2016 (in thousands) Total assets: Private Client Group (1) $ 9,410,613 $ 10,317,681 Capital Markets (2) 3,053,270 2,957,319 Asset Management 133,314 133,190 RJ Bank 18,870,714 16,613,391 Other 1,460,820 1,465,395 Total $ 32,928,731 $ 31,486,976 (1) Includes $275 million and $276 million of goodwill at March 31, 2017 and September 30, 2016 , respectively. (2) Includes $132 million and $133 million of goodwill at March 31, 2017 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 March 31, Six months ended March 31, 2017 2016 2017 2016 (in thousands) Revenues: United States $ 1,478,278 $ 1,244,802 $ 2,894,559 $ 2,449,052 Canada 92,186 62,466 177,031 124,315 Europe 30,256 21,382 53,226 44,915 Other (406 ) 12,460 4,266 23,685 Total $ 1,600,314 $ 1,341,110 $ 3,129,082 $ 2,641,967 Pre-tax income (loss) excluding noncontrolling interests: United States $ 156,605 $ 191,210 $ 370,810 $ 353,069 Canada 6,362 4,124 4,825 9,194 Europe 2,101 (897 ) (587 ) (1,343 ) Other 445 3,681 (3,156 ) 5,536 Total $ 165,513 $ 198,118 $ 371,892 $ 366,456 Our total assets, classified by major geographic area in which they are held, are presented below: March 31, 2017 September 30, 2016 (in thousands) Total assets: United States (1) $ 30,378,029 $ 29,112,182 Canada (2) 2,469,569 2,275,056 Europe (3) 60,170 61,067 Other 20,963 38,671 Total $ 32,928,731 $ 31,486,976 (1) Includes $356 million of goodwill at March 31, 2017 and September 30, 2016 . (2) Includes $42 million and $43 million of goodwill at March 31, 2017 and September 30, 2016 , respectively. (3) Includes $9 million of goodwill at both March 31, 2017 and September 30, 2016 .

UPDATE OF SIGNIFICANT ACCOUNT32

UPDATE OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Mar. 31, 2017
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 16 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 March 31, 2017 , 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 continued to consolidate the EIF Funds through the application of the voting interest model. During the three months ended March 31, 2017, we sold our interests in the EIF Funds. Non-guaranteed low-income housing tax credit funds Raymond James Tax Credit Funds, Inc. (“RJTCF”), a wholly owned subsidiary of RJF 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 concluded 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 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 the new consolidation model treatment 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. As such, 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)	6 Months Ended
	Mar. 31, 2017
Business Combinations [Abstract]
Schedule of Acquisition Related Expenses	The table below provides a summary of acquisition-related expenses incurred in each respective period: Three months ended March 31, Six months ended March 31, 2017 2016 2017 2016 (in thousands) Acquisition and integration related incentive compensation costs (1) $ — $ — $ 5,474 $ — Severance (2) 754 — 5,557 — Early termination costs of assumed contracts 5 — 1,329 — Information systems integration costs 417 1,655 1,622 1,655 Legal and regulatory 274 422 827 1,923 Post-closing purchase price contingency (1,248 ) — (3,499 ) — DBRSU obligation and related hedge (3) 798 3,165 (4) 798 3,319 (4) Travel and all other 86 773 1,644 990 Total acquisition-related expenses $ 1,086 $ 6,015 $ 13,752 $ 7,887 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) Primarily comprised of non-recurring restricted stock unit (“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 20 for discussion of share-based compensation. (2) Primarily arising from the 3Macs acquisition. Such costs include severance costs as well as any forgiven employee loan balances and any unamortized balance of the prepaid compensation asset associated with terminated associates, 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) The three and six months ended March 31, 2017 include a loss on the Deutsche Bank RSU (“DBRSU”) awards related to a Deutsche Bank AG (“DB”) rights offering during the period, partially offset by a related gain on the DB shares purchased to satisfy the DBRSU obligation, which act as an economic hedge to this obligation. Refer to Note 3 on page 129 of our 2016 Form 10-K, as well as Notes 14 and 20 in this Form 10-Q for more information. (4) Represents the pre-Alex. Brown closing date unrealized loss on DB shares purchased to satisfy the DBRSU obligation.

CASH AND CASH EQUIVALENTS, AS34

CASH AND CASH EQUIVALENTS, ASSETS SEGREGATED PURSUANT TO REGULATIONS, AND DEPOSITS WITH CLEARING ORGANIZATIONS (Tables)	6 Months Ended
	Mar. 31, 2017
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: March 31, 2017 September 30, 2016 (in thousands) Cash and cash equivalents: Cash in banks $ 2,634,934 $ 1,649,593 Money market fund investments 1,392 859 Total cash and cash equivalents (1) $ 2,636,326 $ 1,650,452 Assets segregated pursuant to regulations and other segregated assets (2) $ 3,829,607 $ 4,884,487 Deposits with clearing organizations: Cash and cash equivalents $ 148,712 $ 215,856 Government and agency obligations 50,384 29,508 Total deposits with clearing organizations $ 199,096 $ 245,364 (1) The total amounts presented include cash and cash equivalents of $924 million and $810 million as of March 31, 2017 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, 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 to maintain 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)	6 Months Ended
	Mar. 31, 2017
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: March 31, 2017 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 $ 55 $ 239,752 $ — $ — $ 239,807 Corporate obligations 11,574 117,130 — — 128,704 Government and agency obligations 7,230 72,779 — — 80,009 Agency mortgage-backed securities (“MBS”) and collateralized mortgage obligations (“CMOs”) 394 136,658 — — 137,052 Non-agency CMOs and asset-backed securities (“ABS”) — 56,397 7 — 56,404 Total debt securities 19,253 622,716 7 — 641,976 Derivative contracts — 73,771 — (45,705 ) 28,066 Equity securities 20,160 970 — — 21,130 Brokered certificates of deposit — 32,445 — — 32,445 Other 24 — 13,141 — 13,165 Total trading instruments 39,437 729,902 13,148 (45,705 ) 736,782 Available for sale securities: Agency MBS and CMOs — 1,547,579 — — 1,547,579 Non-agency CMOs — 33,837 — — 33,837 Other securities 1,552 — — — 1,552 Auction rate securities (“ARS”): Municipal obligations — — 25,728 — 25,728 Preferred securities — — 105,418 — 105,418 Total available for sale securities 1,552 1,581,416 131,146 — 1,714,114 Private equity investments: Measured at fair value — — 88,623 — 88,623 Measured at net asset value (“NAV”) 113,138 Total private equity investments — — 88,623 — 201,761 Other investments (3) 221,889 322 374 — 222,585 Derivative instruments associated with offsetting matched book positions — 285,898 — — 285,898 Deposits with clearing organizations: Government and agency obligations 50,384 — — — 50,384 Other assets: Derivative contracts (4) — 276 — — 276 Other assets — — 2,148 (5) — 2,148 Total other assets — 276 2,148 — 2,424 Total assets at fair value on a recurring basis $ 313,262 $ 2,597,814 $ 235,439 $ (45,705 ) $ 3,213,948 Assets at fair value on a nonrecurring basis: Bank loans, net: Impaired loans $ — $ 20,670 $ 41,081 $ — $ 61,751 Loans held for sale (6) — 60,538 — — 60,538 Total bank loans, net — 81,208 41,081 — 122,289 Other assets: Other real estate owned (“OREO”) (7) — 790 — — 790 Total assets at fair value on a nonrecurring basis $ — $ 81,998 $ 41,081 $ — $ 123,079 (continued on next page) March 31, 2017 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 $ 600 $ 470 $ — $ — $ 1,070 Corporate obligations 1,021 22,484 — — 23,505 Government obligations 328,609 — — — 328,609 Agency MBS and CMOs 1,866 43,778 — — 45,644 Total debt securities 332,096 66,732 — — 398,828 Derivative contracts — 91,247 — (35,215 ) 56,032 Equity securities 16,618 — — — 16,618 Other securities — 226 — — 226 Total trading instruments sold but not yet purchased 348,714 158,205 — (35,215 ) 471,704 Derivative instruments associated with offsetting matched book positions — 285,898 — — 285,898 Trade and other payables: Derivative contracts (4) — 6,868 — — 6,868 Other liabilities — — 64 — 64 Total trade and other payables — 6,868 64 — 6,932 Accrued compensation, commissions and benefits: Derivative contracts (8) — 25,621 — — 25,621 Total liabilities at fair value on a recurring basis $ 348,714 $ 476,592 $ 64 $ (35,215 ) $ 790,155 (1) We had $1 million and $2 million in transfers of financial instruments from Level 1 to Level 2 during the three and six months ended March 31, 2017 , respectively. These transfers were a result of decreased market activity in these instruments. Our transfers from Level 2 to Level 1 were insignificant during the three months ended March 31, 2017 and amounted to $1 million during the six months ended March 31, 2017. These transfers were a result of increased market activity in these instruments. Our policy is to treat transfers between levels as having occurred at the end of the reporting period. (2) For derivative transactions, 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 14 for additional information on the collateral related to our derivative contracts and Note 15 for information on offsetting financial instruments. (3) Other investments include $79 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 $19 million as of March 31, 2017 which we hold as an economic hedge against the DBRSU obligation (see Note 20 for additional information). (4) Consists of derivatives arising from RJ Bank’s business operations, see Note 14 for additional information. (5) 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. (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) The balance reflects the DBRSU obligation from our acquisition of Alex. Brown. See Notes 14 and 20 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: Municipal obligations — — 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: Measured at fair value — — 83,165 — 83,165 Measured at NAV 111,469 Total private equity investments — — 83,165 — 194,634 Other investments (3) 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 (4) — 2,016 — — 2,016 Other assets — — 2,448 (5) — 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 ) $ 2,573,849 Assets at fair value on a nonrecurring basis: Bank loans, net: Impaired loans $ — $ 23,146 $ 47,982 $ — $ 71,128 Loans held for sale (6) — 18,177 — — 18,177 Total bank loans, net — 41,323 47,982 — 89,305 Other assets: OREO (7) — 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 (4) — 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 (8) — 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 decreased market activity in these instruments. 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 increased market activity in these instruments. Our policy is to treat transfers between levels of the fair value hierarchy as having occurred at the end of the reporting period. (2) For derivative transactions not cleared through a clearing organization, 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 15 for additional information regarding offsetting financial instruments). Deposits associated with derivative transactions cleared through a clearing organization are included in deposits with clearing organizations on our Condensed Consolidated Statements of Financial Condition as of September 30, 2016. (3) 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). (4) Consists of derivatives arising from RJ Bank’s business operations, see Note 14 for additional information. (5) 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. (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 Consolidated Statements of Financial Condition is net of the estimated selling costs. (8) The balance reflects the DBRSUs obligation from our acquisition of Alex. Brown. See Notes 14 and 20 for additional information.
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 March 31, 2017 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 – municipal obligations ARS - preferred securities Private equity investments Other investments Other assets Other liabilities Fair value beginning of period $ 7 $ 11,052 $ 25,364 $ 103,853 $ 83,466 $ 223 $ — $ (1,856 ) Total gains (losses) for the period: Included in earnings — (383 ) — — (11 ) 151 2,148 1,792 Included in other comprehensive income — — 364 1,565 — — — — Purchases and contributions — 22,418 — — 5,168 — — — Sales — (19,946 ) — — — — — — Redemptions by issuer — — — — — — — — Distributions — — — — — — — — Transfers: Into Level 3 — — — — — — — — Out of Level 3 — — — — — — — — Fair value end of period $ 7 $ 13,141 $ 25,728 $ 105,418 $ 88,623 $ 374 $ 2,148 $ (64 ) 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 $ — $ (303 ) $ 364 $ 1,565 $ — $ 151 $ 3,940 $ — Six months ended March 31, 2017 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 – municipal obligations ARS - preferred securities Private equity investments Other investments Other assets Other liabilities Fair value beginning of period $ 7 $ 3,572 $ 25,147 $ 100,018 $ 83,165 $ 441 $ 2,448 $ (67 ) Total gains (losses) for the period: Included in earnings — (524 ) — 1 290 143 (300 ) 3 Included in other comprehensive income — — 581 5,422 — — — — Purchases and contributions — 41,101 — — 5,168 — — — Sales — (31,008 ) — (23 ) — (15 ) — — Redemptions by issuer — — — — — — — — Distributions — — — — — — — — Transfers: Into Level 3 — — — — — — — — Out of Level 3 — — — — — (195 ) — — Fair value end of period $ 7 $ 13,141 $ 25,728 $ 105,418 $ 88,623 $ 374 $ 2,148 $ (64 ) 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 $ — $ (423 ) $ 581 $ 5,422 $ 301 $ 151 $ (300 ) $ — Three months ended March 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 Corporate Obligations Non- agency CMOs & ABS Other ARS – municipals obligations ARS - preferred securities Private equity investments (1) Other investments Other assets Other liabilities Fair value beginning of period $ 189 $ 9 $ 1,964 $ 27,480 $ 102,899 $ 78,314 $ 493 $ 1,526 $ (67 ) Total gains (losses) for the period: Included in earnings (97 ) — (100 ) 133 — — 18 1,586 — Included in other comprehensive income — — — (583 ) (300 ) — — — — Purchases and contributions 2 — 19,470 — — — — — — Sales (94 ) — (7,038 ) (1,583 ) — — — — — Redemptions by issuer — — — (25 ) — — — — — Distributions — (1 ) — — — (5,175 ) (72 ) — — Transfers: Into Level 3 — — — — — — — — — Out of Level 3 — — — — — — — — — Fair value end of period $ — $ 8 $ 14,296 $ 25,422 $ 102,599 $ 73,139 $ 439 $ 3,112 $ (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 $ — $ — $ (60 ) $ (637 ) $ (300 ) $ — $ 18 $ 1,586 $ — (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. Six months ended March 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 Corporate Obligations Non- agency CMOs & ABS Other ARS – municipal obligations ARS - preferred securities Private equity investments (1) Other investments Other assets Other liabilities Fair value beginning of period $ 156 $ 9 $ 1,986 $ 28,015 $ 110,749 $ 77,435 $ 565 $ 4,975 $ (58 ) Total gains (losses) for the period: Included in earnings (137 ) — (349 ) 133 — — 11 (1,863 ) — Included in other comprehensive income — — — (1,118 ) (8,150 ) — — — — Purchases and contributions 75 — 38,487 — — 915 — — (9 ) Sales (94 ) — (25,828 ) (1,583 ) — (18 ) — — — Redemptions by issuer — — — (25 ) — — — — — Distributions — (1 ) — — — (5,193 ) (137 ) — — Transfers: Into Level 3 — — — — — — — — — Out of Level 3 — — — — — — — — — Fair value end of period $ — $ 8 $ 14,296 $ 25,422 $ 102,599 $ 73,139 $ 439 $ 3,112 $ (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 $ — $ 1 $ (71 ) $ (1,073 ) $ (8,150 ) $ — $ 11 $ (1,863 ) $ — (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.
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 March 31, 2017 Total (losses) gains included in earnings $ (383 ) $ 4,080 $ 1,929 Change in unrealized (losses) gains for assets held at the end of the reporting period $ (303 ) $ 4,091 $ 1,929 For the six months ended March 31, 2017 Total (losses) gains included in earnings $ (524 ) $ 137 $ 6,003 Change in unrealized (losses) gains for assets held at the end of the reporting period $ (423 ) $ 152 $ 6,003 For the three months ended March 31, 2016 Total (losses) gains included in earnings $ (197 ) $ 1,737 $ (883 ) Change in unrealized (losses) gains for assets held at the end of the reporting period $ (60 ) $ 1,604 $ (937 ) For the six months ended March 31, 2016 Total losses included in earnings $ (486 ) $ (1,719 ) $ (9,268 ) Change in unrealized losses for assets held at the end of the reporting period $ (70 ) $ (1,852 ) $ (9,223 )
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 March 31, 2017 (in thousands) Valuation technique(s) Unobservable input Range (weighted-average) Recurring measurements: Available for sale securities: ARS: Municipal obligations - issuer is a municipality $ 10,590 Scenario 1 - recent trades Observed trades (in inactive markets) of in-portfolio securities 80% of par - 80% of par (80% of par) Scenario 2 - Discounted cash flow Average discount rate (a) 6.65% - 7.93% (7.29%) Average interest rates applicable to future interest income on the securities (b) 2.63% - 3.54% (3.09%) Prepayment year (c) 2019 - 2026 (2023) Weighting assigned to outcome of scenario1 / scenario 2 25%/75% Municipal obligations - tax-exempt preferred securities $ 15,138 Discounted cash flow Average discount rate (a) 5.40% - 6.40% (5.90%) Average interest rates applicable to future interest income on the securities (b) 1.89% - 1.89% (1.89%) Prepayment year (c) 2017 - 2021 (2021) Preferred securities - taxable $ 105,418 Discounted cash flow Average discount rate (a) 5.59% - 7.02% (6.18%) Average interest rates applicable to future interest income on the securities (b) 2.57% - 3.43% (2.71%) Prepayment year (c) 2017 - 2021 (2021) Private equity investments (not measured at NAV): $ 62,215 Income or market approach: Scenario 1 - income approach - discounted cash flow Discount rate (a) 13% - 20% (18.1%) 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 82%/18% $ 26,408 Transaction price or other investment-specific events (e) Not meaningful (e) Not meaningful (e) Nonrecurring measurements: Impaired loans: residential $ 22,109 Discounted cash flow Prepayment rate 7 yrs. - 12 yrs. (10.4 yrs.) Impaired loans: corporate $ 18,972 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 are as follows: Unfunded Commitment (1) Recorded Value RJF Noncontrolling Interest Total (in thousands) March 31, 2017 Private equity investments at NAV $ 113,138 (2) $ 23,135 $ 2,308 $ 25,443 Private equity investments at fair value 88,623 Total private equity investments $ 201,761 (3) September 30, 2016 Private equity investments at NAV $ 111,469 (2) $ 27,542 $ 3,001 $ 30,543 Private equity investments at fair value 83,165 Total private equity investments $ 194,634 (3) (1) Unfunded commitments related to the portion of underlying investments held in our private equity portfolio. Such commitments are required to be funded either by RJF or by the holders of the noncontrolling interests. (2) 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 six to nine years . (3) The portions of these investments we do not own are $53 million and $51 million as of March 31, 2017 and September 30, 2016 , respectively and as such are included as a component of noncontrolling interest in our Condensed Consolidated Statements of Financial Condition. Of the total private equity investments, the weighted average portion we own is $149 million or 74% and $144 million or 74% as of March 31, 2017 and September 30, 2016 , respectively.
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) March 31, 2017 Financial assets: Bank loans, net (1) $ — $ 120,388 $ 15,580,471 $ 15,700,859 $ 15,872,400 Loans to Financial advisors, net $ — $ — $ 717,344 $ 717,344 $ 861,346 Financial liabilities: Bank deposits $ — $ 16,093,059 $ 282,509 $ 16,375,568 $ 16,377,544 Other borrowings (2) $ — $ 31,562 $ — $ 31,562 $ 31,134 Senior notes payable $ — $ 1,410,240 $ — $ 1,410,240 $ 1,339,582 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 March 31, 2017 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 March 31, 2017 and September 30, 2016 .

TRADING INSTRUMENTS AND TRADI36

TRADING INSTRUMENTS AND TRADING INSTRUMENTS SOLD BUT NOT YET PURCHASED (Tables)	6 Months Ended
	Mar. 31, 2017
Trading Instruments and Trading Instruments Sold But Not Yet Purchased [Abstract]
Trading Instruments and Trading Instruments Sold but Not Yet Purchased	March 31, 2017 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 $ 239,807 $ 1,070 $ 274,163 $ 1,161 Corporate obligations 128,704 23,505 132,885 31,074 Government and agency obligations 80,009 328,609 49,598 266,682 Agency MBS and CMOs 137,052 45,644 164,663 2,804 Non-agency CMOs and ABS 56,404 — 34,428 — Total debt securities 641,976 398,828 655,737 301,721 Derivative contracts (1) 28,066 56,032 55,703 8,835 Equity securities 21,130 16,618 16,029 18,382 Brokered certificates of deposit 32,445 — 35,206 — Other 13,165 226 4,130 — Total $ 736,782 $ 471,704 $ 766,805 $ 328,938 (1) Represents the derivative contracts held for trading purposes. These balances do not include all derivative instruments. See Note 14 for further information regarding all of our derivative transactions, and see Note 15 for additional information regarding offsetting financial instruments.

AVAILABLE FOR SALE SECURITIES (

AVAILABLE FOR SALE SECURITIES (Tables)	6 Months Ended
	Mar. 31, 2017
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) March 31, 2017 Available for sale securities: Agency MBS and CMOs $ 1,557,075 $ 813 $ (10,309 ) $ 1,547,579 Non-agency CMOs (1) 35,153 — (1,316 ) 33,837 Other securities 1,575 — (23 ) 1,552 Total RJ Bank available for sale securities 1,593,803 813 (11,648 ) 1,582,968 Auction rate securities: Municipal obligations 27,491 14 (1,777 ) 25,728 Preferred securities 103,204 2,256 (42 ) 105,418 Total auction rate securities 130,695 2,270 (1,819 ) 131,146 Total available for sale securities $ 1,724,498 $ 3,083 $ (13,467 ) $ 1,714,114 September 30, 2016 Available for sale securities: Agency MBS and CMOs $ 680,341 $ 2,512 $ (556 ) $ 682,297 Non-agency CMOs (1) 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 March 31, 2017 and September 30, 2016 the non-credit portion of unrealized losses related to non-agency CMOs with previously recorded other-than-temporary impairment (“OTTI”) before taxes was $1 million and $2 million , respectively, recorded in accumulated other comprehensive income (loss) (“AOCI”). See Note 18 for additional information.
Contractual Maturities, Amortized Cost, Carrying Values, and Current Yields for Available For Sales Securities	The contractual maturities, amortized cost, carrying values and current yields for our available for sale securities are as presented below. Since RJ Bank’s available for sale securities (MBS & CMOs) are backed by mortgages, actual maturities will differ from contractual maturities because borrowers may have the right to prepay obligations without prepayment penalties. Expected maturities of ARS may differ significantly from contractual maturities, as issuers may have the right to call or prepay obligations with or without call or prepayment penalties. March 31, 2017 Within one year After one but within five years After five but within ten years After ten years Total ($ in thousands) Agency MBS & CMOs: Amortized cost $ — $ 55,577 $ 410,323 $ 1,091,175 $ 1,557,075 Carrying value — 55,020 407,913 1,084,646 1,547,579 Weighted-average yield — 1.78 % 1.80 % 1.99 % 1.94 % Non-agency CMOs: Amortized cost $ — $ — $ — $ 35,153 $ 35,153 Carrying value — — — 33,837 33,837 Weighted-average yield — — — 2.86 % 2.86 % Other securities: Amortized cost $ — $ — $ — $ 1,575 $ 1,575 Carrying value — — — 1,552 1,552 Weighted-average yield — — — — — Sub-total agency MBS & CMOs, non-agency CMOs, and other securities: Amortized cost $ — $ 55,577 $ 410,323 $ 1,127,903 $ 1,593,803 Carrying value — 55,020 407,913 1,120,035 1,582,968 Weighted-average yield — 1.78 % 1.80 % 2.02 % 1.96 % Auction rate securities: Municipal obligations Amortized cost $ — $ — $ — $ 27,491 $ 27,491 Carrying value — — — 25,728 25,728 Weighted-average yield — — — 1.71 % 1.71 % Preferred securities: Amortized cost $ — $ — $ — $ 103,204 $ 103,204 Carrying value — — — 105,418 105,418 Weighted-average yield — — — 1.71 % 1.71 % Sub-total auction rate securities: Amortized cost $ — $ — $ — $ 130,695 $ 130,695 Carrying value — — — 131,146 131,146 Weighted-average yield — — — 1.71 % 1.71 % Total available for sale securities: Amortized cost $ — $ 55,577 $ 410,323 $ 1,258,598 $ 1,724,498 Carrying value — 55,020 407,913 1,251,181 1,714,114 Weighted-average yield — 1.78 % 1.80 % 1.99 % 1.94 %
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: March 31, 2017 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 $ 1,130,874 $ (9,967 ) $ 21,830 $ (342 ) $ 1,152,704 $ (10,309 ) Non-agency CMOs — — 33,837 (1,316 ) 33,837 (1,316 ) Other securities 1,552 (23 ) — — 1,552 (23 ) ARS municipal obligations — — 25,480 (1,777 ) 25,480 (1,777 ) ARS preferred securities 1,488 (42 ) — — 1,488 (42 ) Total $ 1,133,914 $ (10,032 ) $ 81,147 $ (3,435 ) $ 1,215,061 $ (13,467 ) 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 )
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 March 31, Six months ended March 31, 2017 2016 2017 2016 (in thousands) Amount related to credit losses on securities we held at the beginning of the period $ 5,754 $ 11,847 $ 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 $ 5,754 $ 11,847

BANK LOANS, NET (Tables)

BANK LOANS, NET (Tables)	6 Months Ended
	Mar. 31, 2017
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: March 31, 2017 September 30, 2016 Balance % Balance % ($ in thousands) Loans held for sale, net (1) $ 208,315 1 % $ 214,286 1 % Loans held for investment: Domestic: C&I loans 6,099,750 38 % 6,402,675 42 % CRE construction loans 119,815 1 % 107,437 1 % CRE loans 2,464,727 15 % 2,188,652 14 % Tax-exempt loans 852,021 5 % 740,944 5 % Residential mortgage loans 2,813,148 17 % 2,439,286 16 % SBL 2,060,535 13 % 1,903,930 12 % Foreign: C&I loans 1,181,468 7 % 1,067,698 7 % CRE construction loans — — 15,281 — CRE loans 417,209 3 % 365,419 2 % Residential mortgage loans 2,848 — 2,283 — SBL 919 — 897 — Total loans held for investment 16,012,440 15,234,502 Net unearned income and deferred expenses (39,832 ) (40,675 ) Total loans held for investment, net (1) 15,972,608 15,193,827 Total loans held for sale and investment 16,180,923 100 % 15,408,113 100 % Allowance for loan losses (186,234 ) (197,378 ) Bank loans, net $ 15,994,689 $ 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 March 31, 2017 Purchases $ 83,003 $ — $ 8,757 $ 91,760 Sales (1) $ 90,949 $ — $ — $ 90,949 Six months ended March 31, 2017 Purchases $ 197,652 $ 38,980 $ 90,419 $ 327,051 Sales (1) $ 172,528 $ — $ — $ 172,528 Three months ended March 31, 2016 Purchases $ 91,256 $ 7,040 $ 131,788 $ 230,084 Sales (1) $ 36,569 $ — $ — $ 36,569 Six months ended March 31, 2016 Purchases $ 149,107 $ 7,040 $ 210,823 $ 366,970 Sales (1) $ 71,815 $ — $ — $ 71,815 (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 March 31, 2017: C&I loans $ — $ — $ — $ 6,428 $ 7,274,790 $ 7,281,218 CRE construction loans — — — — 119,815 119,815 CRE loans — — — — 2,881,936 2,881,936 Tax-exempt loans — — — — 852,021 852,021 Residential mortgage loans: First mortgage loans 1,306 — 1,306 39,842 2,751,617 2,792,765 Home equity loans/lines — — — 34 23,197 23,231 SBL — — — — 2,061,454 2,061,454 Total loans held for investment, net $ 1,306 $ — $ 1,306 $ 46,304 $ 15,964,830 $ 16,012,440 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 $20 million and $54 million of nonaccrual loans at March 31, 2017 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 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 March 31, Six months ended March 31, 2017 2016 2017 2016 (in thousands) Average impaired loan balance: C&I loans $ 23,060 $ 7,258 $ 27,934 $ 8,882 CRE loans — 4,540 1,388 4,606 Residential mortgage loans: First mortgage loans 45,547 52,713 46,040 53,223 Total $ 68,607 $ 64,511 $ 75,362 $ 66,711 Interest income recognized: Residential mortgage loans: First mortgage loans $ 350 $ 334 $ 669 $ 707 Total $ 350 $ 334 $ 669 $ 707 The following table provides a summary of RJ Bank’s impaired loans: March 31, 2017 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 $ 20,749 $ 38,147 $ 1,777 $ 35,194 $ 35,872 $ 13,351 Residential - first mortgage loans 28,569 37,871 2,719 30,393 41,337 3,147 Total 49,318 76,018 4,496 65,587 77,209 16,498 Impaired loans without allowance for loan losses: (2) CRE loans — — — 4,230 11,611 — Residential - first mortgage loans 16,929 25,623 — 17,809 26,486 — Total 16,929 25,623 — 22,039 38,097 — Total impaired loans $ 66,247 $ 101,641 $ 4,496 $ 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.
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) March 31, 2017 C&I $ 7,128,870 $ 37,247 $ 115,101 $ — $ 7,281,218 CRE construction 119,815 — — — 119,815 CRE 2,881,745 23 168 — 2,881,936 Tax-exempt 852,021 — — — 852,021 Residential mortgage: First mortgage 2,730,417 10,881 51,467 — 2,792,765 Home equity 23,014 183 34 — 23,231 SBL 2,061,454 — — — 2,061,454 Total $ 15,797,336 $ 48,334 $ 166,770 $ — $ 16,012,440 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 March 31, 2017 Balance at beginning of period $ 132,905 $ 2,103 $ 39,532 $ 4,493 $ 13,639 $ 5,008 $ 197,680 Provision (benefit) for loan losses 4,984 (576 ) 4,589 (140 ) (1,078 ) 149 7,928 Net (charge-offs)/recoveries: Charge-offs (19,304 ) — — — (478 ) — (19,782 ) Recoveries — — — — 295 — 295 Net charge-offs (19,304 ) — — — (183 ) — (19,487 ) Foreign exchange translation adjustment 75 — 38 — — — 113 Balance at end of period $ 118,660 $ 1,527 $ 44,159 $ 4,353 $ 12,378 $ 5,157 $ 186,234 Six months ended March 31, 2017 Balance at beginning of period $ 137,701 $ 1,614 $ 36,533 $ 4,100 $ 12,664 $ 4,766 $ 197,378 Provision (benefit) for loan losses 3,741 5 2,579 253 (81 ) 391 6,888 Net (charge-offs)/recoveries: Charge-offs (22,693 ) — — — (565 ) — (23,258 ) Recoveries — — 5,013 — 360 5,373 Net (charge-offs)/recoveries (22,693 ) — 5,013 — (205 ) — (17,885 ) Foreign exchange translation adjustment (89 ) (92 ) 34 — — — (147 ) Balance at end of period $ 118,660 $ 1,527 $ 44,159 $ 4,353 $ 12,378 $ 5,157 $ 186,234 Three months ended March 31, 2016 Balance at beginning of period $ 128,721 $ 2,635 $ 31,304 $ 7,119 $ 12,265 $ 3,415 $ 185,459 Provision (benefit) for loan losses 9,590 (100 ) 1,149 (85 ) (902 ) (23 ) 9,629 Net (charge-offs)/recoveries: Charge-offs (1,427 ) — — — (369 ) — (1,796 ) Recoveries — — — — 260 20 280 Net (charge-offs)/recoveries (1,427 ) — — — (109 ) 20 (1,516 ) Foreign exchange translation adjustment 415 18 215 — — — 648 Balance at end of period $ 137,299 $ 2,553 $ 32,668 $ 7,034 $ 11,254 $ 3,412 $ 194,220 Six months ended March 31, 2016 Balance at beginning of period $ 117,623 $ 2,707 $ 30,486 $ 5,949 $ 12,526 $ 2,966 $ 172,257 Provision (benefit) for loan losses 21,175 (152 ) 2,112 1,085 (1,106 ) 425 23,539 Net (charge-offs)/recoveries: Charge-offs (1,694 ) — — — (916 ) — (2,610 ) Recoveries — — — — 750 21 771 Net (charge-offs)/recoveries (1,694 ) — — — (166 ) 21 (1,839 ) Foreign exchange translation adjustment 195 (2 ) 70 — — — 263 Balance at end of period $ 137,299 $ 2,553 $ 32,668 $ 7,034 $ 11,254 $ 3,412 $ 194,220
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) March 31, 2017 C&I $ 1,777 $ 116,883 $ 118,660 $ 6,428 $ 7,274,790 $ 7,281,218 CRE construction — 1,527 1,527 — 119,815 119,815 CRE — 44,159 44,159 — 2,881,936 2,881,936 Tax-exempt — 4,353 4,353 — 852,021 852,021 Residential mortgage 2,721 9,657 12,378 54,125 2,761,871 2,815,996 SBL — 5,157 5,157 — 2,061,454 2,061,454 Total $ 4,498 $ 181,736 $ 186,234 $ 60,553 $ 15,951,887 $ 16,012,440 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)	6 Months Ended
	Mar. 31, 2017
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) March 31, 2017 Private Equity Interests $ 112,975 $ 4,344 Guaranteed LIHTC Fund (2) 53,456 2,718 Other LIHTC Funds 8,608 3,541 Restricted Stock Trust Fund 14,990 14,990 Total $ 190,029 $ 25,593 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 may 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 17 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. March 31, 2017 September 30, 2016 (in thousands) Assets: Cash and cash equivalents $ 5,479 $ 8,302 Assets segregated pursuant to regulations and other segregated assets 2,426 2,412 Receivables, other 340 28,463 Intercompany receivables 481 Other investments 106,675 103,632 Investments in real estate partnerships held by consolidated variable interest entities 59,639 61,004 Trust fund investment in RJF common stock (1) 14,989 9,948 Total assets $ 190,029 $ 213,761 Liabilities and equity: Trade and other payables $ 6,609 $ 3,617 Intercompany payables 18,686 15,703 Total liabilities 25,295 19,320 RJF equity 40,926 40,729 Noncontrolling interests 123,808 153,712 Total equity 164,734 194,441 Total liabilities and equity $ 190,029 $ 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 March 31, Six months ended March 31, 2017 2016 2017 2016 (in thousands) Revenues: Interest $ 2 $ 302 $ 418 $ 604 Other 190 555 2,432 1,044 Total revenues 192 857 2,850 1,648 Non-interest expenses (1) 5,967 6,522 7,996 7,797 Net loss including noncontrolling interests (5,775 ) (5,665 ) (5,146 ) (6,149 ) Net income attributable to noncontrolling interests (5,482 ) (5,712 ) (5,343 ) (5,531 ) Net (loss) income attributable to RJF $ (293 ) $ 47 $ 197 $ (618 ) (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. March 31, 2017 September 30, 2016 Aggregate assets Aggregate liabilities Our risk of loss Aggregate assets Aggregate liabilities Our risk of loss (in thousands) LIHTC Funds $ 4,771,794 $ 1,778,932 $ 103,429 $ 4,217,812 $ 1,429,085 $ 83,562 NMTC Funds 30,231 87 9 65,338 68 12 Private Equity Interests 11,677,061 132,058 74,942 14,286,950 132,334 70,336 Other 140,609 73,974 3,259 144,579 83,174 2,240 Total $ 16,619,695 $ 1,985,051 $ 181,639 $ 18,714,679 $ 1,644,661 $ 156,150

GOODWILL AND IDENTIFIABLE INT40

GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS (Tables)	6 Months Ended
	Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill and Net Identifiable Intangible Asset Balances	The following are our goodwill and net identifiable intangible asset balances as of the dates indicated: March 31, 2017 September 30, 2016 (in thousands) Goodwill $ 407,012 $ 408,072 Identifiable intangible assets, net 89,210 96,370 Total goodwill and identifiable intangible assets, net $ 496,222 $ 504,442
Schedule of Goodwill	The following summarizes our goodwill by segment, along with the balance and activity, as of the dates indicated: Three months ended March 31, Six months ended March 31, Segment Segment Private client group Capital markets Total Private client group Capital markets Total (in thousands) Fiscal year 2017 Goodwill as of beginning of period $ 274,984 $ 131,513 $ 406,497 $ 275,521 $ 132,551 $ 408,072 Foreign currency translation 219 296 515 (318 ) (742 ) (1,060 ) Impairment losses — — — — — — Goodwill as of end of period $ 275,203 $ 131,809 $ 407,012 $ 275,203 $ 131,809 $ 407,012 Fiscal year 2016 Goodwill as of beginning of period $ 186,733 $ 120,902 $ 307,635 $ 186,733 $ 120,902 $ 307,635 Foreign currency translation 2,622 2,748 5,370 2,622 2,748 5,370 Impairment losses — — — — — — Goodwill as of end of period $ 189,355 $ 123,650 $ 313,005 $ 189,355 $ 123,650 $ 313,005
Quantitative Analysis of Goodwill	The following summarizes certain key assumptions utilized in our quantitative analysis: Key assumptions Weight assigned to the outcome of: Segment Reporting unit Goodwill as of December 31, 2016 (in thousands) Discount rate used in the income approach Multiple applied to revenue/EPS in the market approach Income approach Market approach Private client group: RJ Ltd. Private Client Group $ 22,735 14.5 % 1.2x/12.9x 75 % 25 % Capital markets: RJ Ltd. Capital Markets $ 18,997 14.5 % 1.2x/13.3x 75 % 25 %
Schedule of Net Amortizable Intangible Assets	The following table sets forth our identifiable intangible asset balances by segment, net of accumulated amortization, and activity for the periods indicated: Segment Private client group Capital markets Asset management RJ Bank Total (in thousands) For the three months ended March 31, 2017 Net identifiable intangible assets as of beginning of period $ 51,371 $ 26,334 $ 13,471 $ 1,522 $ 92,698 Additions — — — 76 76 Amortization expense (1,494 ) (1,562 ) (500 ) (90 ) (3,646 ) Foreign currency translation 24 5 53 — 82 Impairment losses — — — — — Net identifiable intangible assets as of end of period $ 49,901 $ 24,777 $ 13,024 $ 1,508 $ 89,210 For the six months ended March 31, 2017 Net identifiable intangible assets as of beginning of period $ 52,936 $ 27,937 $ 14,101 $ 1,396 $ 96,370 Additions — — — 207 207 Amortization expense (3,014 ) (3,127 ) (998 ) (182 ) (7,321 ) Foreign currency translation (21 ) (33 ) (79 ) — (133 ) Impairment losses — — — 87 87 Net identifiable intangible assets as of end of period $ 49,901 $ 24,777 $ 13,024 $ 1,508 $ 89,210 For the three months ended March 31, 2016 Net identifiable intangible assets as of beginning of period $ 17,799 $ 31,211 $ 16,301 $ 1,461 $ 66,772 Additions — — — 87 87 Amortization expense (384 ) (1,319 ) (565 ) (95 ) (2,363 ) Foreign currency translation — — (537 ) — (537 ) Impairment losses — — — — — Net identifiable intangible assets as of end of period $ 17,415 $ 29,892 $ 15,199 $ 1,453 $ 63,959 For the six months ended March 31, 2016 Net identifiable intangible assets as of beginning of period $ 18,182 $ 32,532 $ 17,137 $ 1,476 $ 69,327 Additions — — — 160 160 Amortization expense (767 ) (2,640 ) (1,181 ) (183 ) (4,771 ) Foreign currency translation — — (537 ) — (537 ) Impairment losses — — — — — Other — — (220 ) — (220 ) Net identifiable intangible assets as of end of period $ 17,415 $ 29,892 $ 15,199 $ 1,453 $ 63,959
Schedule of Finite-Lived Intangible Assets by Major Class	Identifiable intangible assets by type are presented below: March 31, 2017 September 30, 2016 Gross carrying value Accumulated amortization Gross carrying value Accumulated amortization (in thousands) Customer relationships $ 99,359 $ (27,050 ) $ 99,470 $ (22,895 ) Trade name 8,118 (1,281 ) 8,172 (499 ) Developed technology 12,630 (11,543 ) 12,630 (10,280 ) Intellectual property 509 (98 ) 516 (73 ) Non-compete agreements 3,309 (1,067 ) 3,314 (612 ) Seller relationship agreements 5,300 (485 ) 5,300 (69 ) Mortgage servicing rights 2,265 (756 ) 2,144 (748 ) Total $ 131,490 $ (42,280 ) $ 131,546 $ (35,176 )

BANK DEPOSITS (Tables)

BANK DEPOSITS (Tables)	6 Months Ended
	Mar. 31, 2017
Deposits [Abstract]
Summary of Bank Deposits	The following table presents a summary of bank deposits including the weighted-average rate: March 31, 2017 September 30, 2016 Balance Weighted-average rate (1) Balance Weighted-average rate (1) ($ in thousands) Bank deposits: NOW accounts $ 5,848 0.01 % $ 4,958 0.01 % Demand deposits (non-interest-bearing) 19,239 — 7,264 — Savings and money market accounts 16,067,972 0.08 % 13,935,089 0.05 % Certificates of deposit 284,485 1.52 % 315,236 1.55 % Total bank deposits (2) $ 16,377,544 0.10 % $ 14,262,547 0.08 % (1) Weighted-average rate calculation is based on the actual deposit balances at March 31, 2017 and September 30, 2016 , respectively. (2) Bank deposits exclude affiliate deposits of $292 million at March 31, 2017 , and $353 million at September 30, 2016 . These affiliate deposits include $282 million as of March 31, 2017 , 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: March 31, 2017 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 $ 9,041 $ 8,126 $ 14,252 $ 12,663 Over three through six months 8,013 5,507 14,191 9,750 Over six through twelve months 2,696 2,943 15,452 12,321 Over one through two years 49,283 18,401 32,816 11,060 Over two through three years 48,911 23,858 43,730 22,148 Over three through four years 46,548 26,313 58,425 28,863 Over four through five years 22,071 12,774 26,173 13,392 Total $ 186,563 $ 97,922 $ 205,039 $ 110,197
Interest Expense on Deposits	Interest expense on deposits is summarized as follows: Three months ended March 31, Six months ended March 31, 2017 2016 2017 2016 (in thousands) Certificates of deposit $ 999 $ 1,406 $ 2,134 $ 2,854 Money market, savings and NOW accounts (1) 2,398 1,346 4,046 1,917 Total interest expense on deposits $ 3,397 $ 2,752 $ 6,180 $ 4,771 (1) Excludes interest expense associated with affiliate deposits.

OTHER BORROWINGS (Tables)

OTHER BORROWINGS (Tables)	6 Months Ended
	Mar. 31, 2017
Other Borrowings [Abstract]
Schedule of Short-term Debt	The following table details the components of other borrowings: March 31, 2017 September 30, 2016 (in thousands) Other borrowings: FHLB advances $ 675,000 (1) $ 575,000 (2) Borrowings on secured lines of credit (3) 50,000 — Mortgage notes payable (4) 31,134 33,391 Borrowings on ClariVest revolving credit facility (5) 233 267 Borrowings on unsecured lines of credit (6) — — Total other borrowings $ 756,367 $ 608,658 (1) Borrowings from the FHLB as of March 31, 2017 are comprised of both floating and fixed-rate advances. As of March 31, 2017 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 14 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 March 31, 2017 is 1.3% . (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 $43 million at March 31, 2017 . 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 lender’s 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. There are no borrowings outstanding on the RJF Credit Facility as of either March 31, 2017 or September 30, 2016 . In May 2017, the maturity date of the RJF Credit Facility was extended from August 2020 to May 2022. 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.

SENIOR NOTES PAYABLE (Tables)

SENIOR NOTES PAYABLE (Tables)	6 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Schedule of Senior Notes Payable	The following summarizes our senior notes payable: March 31, September 30, (in thousands) 8.60% senior notes, due 2019 $ 300,000 $ 300,000 5.625% senior notes, due 2024 250,000 250,000 3.625% senior notes, due 2026 500,000 500,000 4.95% senior notes, due 2046 300,000 300,000 6.90% senior notes, due 2042 — 350,000 1,350,000 1,700,000 Unaccreted discount (1,515 ) (1,601 ) Unamortized debt issuance costs (8,903 ) (17,812 ) Total senior notes payable $ 1,339,582 $ 1,680,587

DERIVATIVE FINANCIAL INSTRUME44

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Notional and Fair Value Amounts of Asset and Liability Derivatives, by Balance Sheet Location	March 31, 2017 September 30, 2016 Asset derivatives Balance sheet location Notional amount Fair value Balance sheet location Notional amount Fair value (in thousands) Derivatives designated as hedging instruments: RJ Bank business operations Forward foreign exchange contracts (1) Prepaid expenses and other assets $ — $ — Prepaid expenses and other assets $ 988,200 $ 1,396 Derivatives not designated as hedging instruments: OTC derivatives operations Interest rate contracts Trading instruments $ 2,066,707 $ 68,747 Trading instruments $ 2,036,233 $ 153,482 Interest rate contracts (1) Trading instruments $ 135,558 $ 5,024 Trading instruments $ 121,715 $ 9,760 RJ Bank business operations Forward foreign exchange contracts (1) Prepaid expenses and other assets $ — $ — Prepaid expenses and other assets $ 411,300 $ 620 Forward foreign exchange contracts (2) Prepaid expenses and other assets $ 42,000 $ 276 Prepaid expenses and other assets $ — $ — Other Interest rate contracts Derivative instruments associated with offsetting matched book positions $ 1,439,519 $ 285,898 Derivative instruments associated with offsetting matched book positions $ 1,469,295 $ 422,196 Liability derivatives Derivatives designated as hedging instruments: RJ Bank business operations Interest rate contracts Trade and other payables $ 650,000 $ 941 Trade and other payables $ 550,000 $ 26,671 Forward foreign exchange contracts (1) Trade and other payables $ 1,054,100 $ 4,241 Trade and other payables $ — $ — Derivatives not designated as hedging instruments: OTC derivatives operations Interest rate contracts Trading instruments sold $ 2,864,319 $ 89,066 Trading instruments sold $ 1,997,100 $ 145,296 Interest rate contracts (1) Trading instruments sold $ 150,343 $ 2,181 Trading instruments sold $ 133,108 $ 6,398 RJ Bank business operations Forward foreign exchange contracts (1) Trade and other payables $ 457,200 $ 1,686 Trade and other payables $ — $ — Other Interest rate contracts Derivative instruments associated with offsetting matched book positions $ 1,439,519 $ 285,898 Derivative instruments associated with offsetting matched book positions $ 1,469,295 $ 422,196 DBRSUs (3) Accrued compensation, commissions and benefits $ 25,621 $ 25,621 Accrued compensation, commissions and benefits $ 17,769 $ 17,769 (1) The notional amount presented is denominated in Canadian currency. (2) The notional amount presented is denominated in Euro currency. (3) This derivative liability arose from our fiscal year 2016 acquisition of Alex. Brown (see Note 3 for information regarding this acquisition), whereby we assumed certain DBRSU awards. The notional amount for this derivative is the number of outstanding 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. The fair value of this derivative includes both the pre-combination and the post-combination share obligation.
Derivative Gain (Loss) Recognized in Accumulated Other Comprehensive Income	Gains (losses) recognized in AOCI, net of income taxes on derivatives are as follows (see Note 18 for additional information): Three months ended March 31, Six months ended March 31, 2017 2016 2017 2016 (in thousands) Forward foreign exchange contracts $ (4,539 ) $ (23,411 ) $ 6,787 $ (11,174 ) RJ Bank Interest Hedges 1,531 (11,469 ) 27,269 (8,204 ) Total (losses) gains recognized in AOCI, net of taxes $ (3,008 ) $ (34,880 ) $ 34,056 $ (19,378 )
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 Gain (loss) recognized during the period Three months ended March 31, Six months ended March 31, 2017 2016 2017 2016 (in thousands) Derivatives not designated as hedging instruments: Interest rate contracts - OTC Derivatives Operations Net trading profit $ 1,965 $ 1,365 $ 4,194 $ 1,773 Interest rate contracts - Offsetting Match Book Derivatives Operations Other revenues $ 21 $ 23 $ (5 ) $ 46 Forward foreign exchange contracts - RJ Bank business operations Other revenues $ (2,278 ) $ (12,970 ) $ 5,636 $ (7,412 ) DBRSUs (1) Compensation, commissions and benefits expense $ 1,256 $ — $ (5,469 ) $ — DBRSUs (2) Acquisition-related expenses $ (2,733 ) $ — $ (2,383 ) $ — (1) We also hold shares of DB as of March 31, 2017 as an economic hedge against this obligation. The change in value of such DB shares is recorded as a component of compensation, commissions and benefits expense on our Condensed Consolidated Statements of Income and Comprehensive Income, and offsets a portion of the change in value of the DBRSUs. (2) Includes the impact on the DBRSU obligation of the DB rights offering during the three months ended March 31, 2017 and from forfeitures which occurred during the periods presented. The impact of the DB rights offering on the DBRSU obligation was partially offset by a gain on the rights offering related to our economic hedge, which was also reported in acquisition-related expenses.

DISCLOSURE OF OFFSETTING ASSE45

DISCLOSURE OF OFFSETTING ASSETS AND LIABILITIES, COLLATERAL, ENCUMBERED ASSETS, AND REPURCHASE AGREEMENTS (Tables)	6 Months Ended
	Mar. 31, 2017
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 March 31, 2017: Assets Securities purchased under agreements to resell and other collateralized financings $ 535,224 $ — $ 535,224 $ (535,224 ) (1) $ — $ — Derivatives - interest rate contracts (2) 73,771 (45,705 ) 28,066 (5,179 ) — 22,887 Derivatives - forward foreign exchange contracts (3) 276 — 276 — — 276 Derivative instruments associated with offsetting matched book positions 285,898 — 285,898 (285,898 ) (4) — — Stock borrowed 132,049 — 132,049 (128,496 ) — 3,553 Total assets $ 1,027,218 $ (45,705 ) $ 981,513 $ (954,797 ) $ — $ 26,716 Liabilities Securities sold under agreements to repurchase $ (222,476 ) $ — $ (222,476 ) $ 222,476 (5) $ — $ — Derivatives - interest rate contracts (2) (91,247 ) 35,215 (56,032 ) — — (56,032 ) Derivatives - forward foreign exchange contracts (3) (5,927 ) — (5,927 ) — — (5,927 ) Derivatives - RJ Bank Interest Hedges (6) (941 ) — (941 ) — — (941 ) DBRSUs (7) (25,621 ) — (25,621 ) — — (25,621 ) Derivative instruments associated with offsetting matched book positions (285,898 ) — (285,898 ) 285,898 (4) — — Stock loaned (403,542 ) — (403,542 ) 389,464 — (14,078 ) Total liabilities $ (1,035,652 ) $ 35,215 $ (1,000,437 ) $ 897,838 $ — $ (102,599 ) 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) 163,242 (107,539 ) 55,703 (29,028 ) — 26,675 Derivatives - forward foreign exchange contracts (3) 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 (5) $ — $ — Derivatives - interest rate contracts (2) (151,694 ) 142,859 (8,835 ) 2,437 — (6,398 ) Derivatives - RJ Bank Interest Hedges (6) (26,671 ) — (26,671 ) — 26,671 — DBRSUs (7) (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 fair value amount of financial instruments pledged as collateral for securities purchased under agreements to resell (“reverse repurchase agreements”) and other collateralized financings amounts to $549 million and $486 million as of March 31, 2017 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 14 for additional information. (3) These contracts are associated with RJ Bank’s activities to hedge its foreign currency exposure and are included in prepaid expenses and other assets and trade and other payables in our Condensed Consolidated Statements of Financial Condition. See Note 14 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 14 for further discussion of the “pass through” structure of the derivative instruments associated with Offsetting Matched Book Derivatives Operations. (5) We are over-collateralized since the fair value amount of financial instruments pledged as collateral for repurchase agreements amounts to $229 million and $200 million as of March 31, 2017 and September 30, 2016 , respectively. (6) These contracts are associated with our RJ Bank Interest Hedges and are included in trade and other payables in our Condensed Consolidated Statements of Financial Condition. See Note 14 for additional information. (7) 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 March 31, 2017 , we hold shares of DB with a fair value of $19 million as an economic hedge against the DBRSU obligation. As of September 30, 2016 , such holdings amounted to shares of DB with a fair value of $12 million . See additional discussion of the DBRSUs in Note 20 .
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 March 31, 2017: Assets Securities purchased under agreements to resell and other collateralized financings $ 535,224 $ — $ 535,224 $ (535,224 ) (1) $ — $ — Derivatives - interest rate contracts (2) 73,771 (45,705 ) 28,066 (5,179 ) — 22,887 Derivatives - forward foreign exchange contracts (3) 276 — 276 — — 276 Derivative instruments associated with offsetting matched book positions 285,898 — 285,898 (285,898 ) (4) — — Stock borrowed 132,049 — 132,049 (128,496 ) — 3,553 Total assets $ 1,027,218 $ (45,705 ) $ 981,513 $ (954,797 ) $ — $ 26,716 Liabilities Securities sold under agreements to repurchase $ (222,476 ) $ — $ (222,476 ) $ 222,476 (5) $ — $ — Derivatives - interest rate contracts (2) (91,247 ) 35,215 (56,032 ) — — (56,032 ) Derivatives - forward foreign exchange contracts (3) (5,927 ) — (5,927 ) — — (5,927 ) Derivatives - RJ Bank Interest Hedges (6) (941 ) — (941 ) — — (941 ) DBRSUs (7) (25,621 ) — (25,621 ) — — (25,621 ) Derivative instruments associated with offsetting matched book positions (285,898 ) — (285,898 ) 285,898 (4) — — Stock loaned (403,542 ) — (403,542 ) 389,464 — (14,078 ) Total liabilities $ (1,035,652 ) $ 35,215 $ (1,000,437 ) $ 897,838 $ — $ (102,599 ) 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) 163,242 (107,539 ) 55,703 (29,028 ) — 26,675 Derivatives - forward foreign exchange contracts (3) 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 (5) $ — $ — Derivatives - interest rate contracts (2) (151,694 ) 142,859 (8,835 ) 2,437 — (6,398 ) Derivatives - RJ Bank Interest Hedges (6) (26,671 ) — (26,671 ) — 26,671 — DBRSUs (7) (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 fair value amount of financial instruments pledged as collateral for securities purchased under agreements to resell (“reverse repurchase agreements”) and other collateralized financings amounts to $549 million and $486 million as of March 31, 2017 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 14 for additional information. (3) These contracts are associated with RJ Bank’s activities to hedge its foreign currency exposure and are included in prepaid expenses and other assets and trade and other payables in our Condensed Consolidated Statements of Financial Condition. See Note 14 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 14 for further discussion of the “pass through” structure of the derivative instruments associated with Offsetting Matched Book Derivatives Operations. (5) We are over-collateralized since the fair value amount of financial instruments pledged as collateral for repurchase agreements amounts to $229 million and $200 million as of March 31, 2017 and September 30, 2016 , respectively. (6) These contracts are associated with our RJ Bank Interest Hedges and are included in trade and other payables in our Condensed Consolidated Statements of Financial Condition. See Note 14 for additional information. (7) 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 March 31, 2017 , we hold shares of DB with a fair value of $19 million as an economic hedge against the DBRSU obligation. As of September 30, 2016 , such holdings amounted to shares of DB with a fair value of $12 million . See additional discussion of the DBRSUs in Note 20 .
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 delivered or repledged, to satisfy one of our purposes described above: March 31, 2017 September 30, 2016 (in thousands) Collateral we received that is available to be delivered or repledged $ 2,937,994 $ 2,925,335 Collateral that we delivered or repledged $ 1,191,877 (1) $ 1,536,393 (2) (1) The collateral delivered or repledged as of March 31, 2017 , includes client margin securities which we pledged with a clearing organization in the amount of $255 million which were applied against our requirement of $224 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: March 31, 2017 September 30, 2016 (in thousands) Financial instruments owned, at fair value, pledged to counterparties that: Had the right to deliver or repledge $ 617,310 $ 587,369 Did not have the right to deliver or repledge $ 50,115 (1) $ 25,200 (2) (1) Assets delivered or repledged as of March 31, 2017 , includes securities which we pledged with a clearing organization in the amount of $44 million which were applied against our requirement of $224 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 repurchase agreements 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 March 31, 2017: Repurchase agreements Government and agency obligations $ 114,147 $ — $ — $ — $ 114,147 Agency MBS and CMOs 108,329 — — — 108,329 Total Repurchase Agreements 222,476 — — — 222,476 Securities lending Equity securities 403,542 — — — 403,542 Total $ 626,018 $ — $ — $ — $ 626,018 Gross amounts of recognized liabilities for repurchase agreements and securities lending transactions included in the Offsetting Assets and Liabilities table included within this footnote $ 626,018 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 COMPREHENSI46

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
	Mar. 31, 2017
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 March 31, Six months ended March 31, 2017 2016 2017 2016 (in thousands) Unrealized gain (loss) on available for sale securities and non-credit portion of other-than-temporary impairment losses $ 1,952 $ 1,099 $ (2,194 ) $ (5,692 ) Unrealized gain on currency translations, net of the impact of net investment hedges 2,223 10,714 3,224 4,099 Unrealized gain (loss) on cash flow hedges 1,531 (11,469 ) 27,269 (8,204 ) Net other comprehensive income (loss) $ 5,706 $ 344 $ 28,299 $ (9,797 )
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 and six months ended March 31, 2017 and 2016 (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 March 31, 2017 Accumulated other comprehensive income (loss) as of the beginning of the period $ 97,808 $ (131,901 ) $ (34,093 ) $ (8,302 ) $ 9,255 $ (33,140 ) Other comprehensive (loss) income before reclassifications and taxes (7,253 ) 7,151 (102 ) 3,055 970 3,923 Amounts reclassified from accumulated other comprehensive income, before tax — — — 94 1,498 1,592 Pre-tax net other comprehensive (loss) income (7,253 ) 7,151 (102 ) 3,149 2,468 5,515 Income tax effect 2,714 (389 ) 2,325 (1,197 ) (937 ) 191 Net other comprehensive (loss) income for the period, net of tax (4,539 ) 6,762 2,223 1,952 1,531 5,706 Accumulated other comprehensive income (loss) as of end of period $ 93,269 $ (125,139 ) $ (31,870 ) $ (6,350 ) $ 10,786 $ (27,434 ) Six months ended March 31, 2017 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 10,845 (10,605 ) 240 (3,803 ) 40,911 37,348 Amounts reclassified from accumulated other comprehensive income, before tax — 6,537 6,537 82 3,070 9,689 Pre-tax net other comprehensive income (loss) 10,845 (4,068 ) 6,777 (3,721 ) 43,981 47,037 Income tax effect (4,058 ) 505 (3,553 ) 1,527 (16,712 ) (18,738 ) Net other comprehensive income (loss) for the period, net of tax 6,787 (3,563 ) 3,224 (2,194 ) 27,269 28,299 Accumulated other comprehensive income (loss) as of end of period $ 93,269 $ (125,139 ) $ (31,870 ) $ (6,350 ) $ 10,786 $ (27,434 ) Three months ended March 31, 2016 Accumulated other comprehensive income (loss) as of the beginning of the period $ 105,440 $ (149,328 ) $ (43,888 ) $ (5,371 ) $ (1,385 ) $ (50,644 ) Other comprehensive (loss) income before reclassifications and taxes (37,416 ) 36,031 (1,385 ) 1,740 (20,029 ) (19,674 ) Amounts reclassified from accumulated other comprehensive income, before tax — — — 53 1,531 1,584 Pre-tax net other comprehensive (loss) income (37,416 ) 36,031 (1,385 ) 1,793 (18,498 ) (18,090 ) Income tax effect 14,005 (1,906 ) 12,099 (694 ) 7,029 18,434 Net other comprehensive (loss) income for the period, net of tax (23,411 ) 34,125 10,714 1,099 (11,469 ) 344 Accumulated other comprehensive income (loss) as of end of period $ 82,029 $ (115,203 ) $ (33,174 ) $ (4,272 ) $ (12,854 ) $ (50,300 ) Six months ended March 31, 2016 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 (loss) income before reclassifications and taxes (17,860 ) 16,154 (1,706 ) (9,112 ) (16,171 ) (26,989 ) Amounts reclassified from accumulated other comprehensive income, before tax — — — 53 2,939 2,992 Pre-tax net other comprehensive (loss) income (17,860 ) 16,154 (1,706 ) (9,059 ) (13,232 ) (23,997 ) Income tax effect 6,686 (881 ) 5,805 3,367 5,028 14,200 Net other comprehensive (loss) income for the period, net of tax (11,174 ) 15,273 4,099 (5,692 ) (8,204 ) (9,797 ) Accumulated other comprehensive income (loss) as of end of period $ 82,029 $ (115,203 ) $ (33,174 ) $ (4,272 ) $ (12,854 ) $ (50,300 ) (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 14 for additional information on these derivatives). (2) Represents RJ Bank Interest Hedges (see Note 14 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 and six months ended March 31, 2017 and 2016 : 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 March 31, 2017 RJ Bank available for sale securities $ 94 Other revenue RJ Bank Interest Hedges (1) 1,498 Interest expense 1,592 Total before tax Income tax effect (605 ) Provision for income taxes Total reclassifications for the period $ 987 Net of tax Six months ended March 31, 2017 RJ Bank available for sale securities 82 Other revenue RJ Bank Interest Hedges (1) 3,070 Interest expense Currency translations (2) 6,537 Other expense 9,689 Total before tax Income tax effect (3,681 ) Provision for income taxes Total reclassifications for the period $ 6,008 Net of tax Three months ended March 31, 2016 Available for sale securities: Auction rate securities $ 53 Other revenue RJ Bank Interest Hedges (1) $ 1,531 Interest expense 1,584 Total before tax Income tax effect (602 ) Provision for income taxes Total reclassifications for the period $ 982 Net of tax Six months ended March 31, 2016 Available for sale securities: Auction rate securities $ 53 Other revenue RJ Bank Interest Hedges (1) 2,939 Interest expense 2,992 Total before tax Income tax effect (1,137 ) Provision for income taxes Total reclassifications for the period $ 1,855 Net of tax (1) See Note 14 for additional information regarding the RJ Bank Interest Hedges, and Note 5 for additional fair value information regarding these derivatives. (2) During the quarter ended December 31, 2016, 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 47

INTEREST INCOME AND INTEREST EXPENSE (Tables)	6 Months Ended
	Mar. 31, 2017
Interest Income (Expense), Net [Abstract]
Interest Income and Interest Expense	The components of interest income and interest expense are as follows: Three months ended March 31, Six months ended March 31, 2017 2016 2017 2016 (in thousands) Interest income: Margin balances $ 20,312 $ 17,068 $ 40,293 $ 34,502 Assets segregated pursuant to regulations and other segregated assets 10,137 6,686 18,266 10,658 Bank loans, net of unearned income 137,786 123,370 273,311 230,971 Available for sale securities 5,675 1,921 9,075 3,572 Trading instruments 5,391 5,145 10,397 9,426 Stock loaned 3,914 2,212 6,646 4,127 Loans to financial advisors 3,269 2,011 6,577 3,910 Corporate cash and all other 6,060 3,225 10,761 6,944 Total interest income $ 192,544 $ 161,638 $ 375,326 $ 304,110 Interest expense: Brokerage client liabilities $ 852 $ 635 $ 1,528 $ 862 Retail bank deposits (1) 3,397 2,752 6,180 4,771 Trading instruments sold but not yet purchased 1,460 1,371 2,788 2,562 Stock borrowed 1,944 773 3,172 1,396 Borrowed funds 3,908 3,328 7,627 6,093 Senior notes 23,665 19,091 48,364 38,182 Other 1,451 1,159 2,984 1,942 Total interest expense 36,677 29,109 72,643 55,808 Net interest income 155,867 132,529 302,683 248,302 Subtract: provision for loan losses (7,928 ) (9,629 ) (6,888 ) (23,539 ) Net interest income after provision for loan losses $ 147,939 $ 122,900 $ 295,795 $ 224,763 (1) Excludes interest expense associated with affiliate deposits.

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	6 Months Ended
	Mar. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pre-Tax Expense Not Yet Recognized for Stock Options Awards	Pre-tax expense not yet recognized for stock option awards granted to employees and independent contractor financial advisors, net of estimated forfeitures, and the remaining period over which the expense will be recognized as of March 31, 2017 , are presented below: Pre-tax expense not yet recognized Remaining weighted- average amortization period (in thousands) (in years) Employees $ 18,688 2.8 Independent contractor financial advisors 2,947 3.3
Employee and nonemployee 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 and independent contractor financial advisors is presented below: Three months ended March 31, Six months ended March 31, 2017 2016 2017 2016 (in thousands) Total share-based expense $ 3,196 $ 1,360 $ 7,372 $ 5,072 Income tax benefit related to share-based expense 426 — 971 434
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, members of our Board of Directors and independent contractor financial advisors are presented below: Three months ended March 31, Six months ended March 31, 2017 2016 2017 2016 (in thousands) Total share-based expense $ 18,415 $ 16,911 $ 46,100 (1) $ 34,820 Income tax benefit related to share-based expense 5,640 6,006 15,689 12,375 (1) The total share-based expense in the six months ended March 31, 2017 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. There was no share-based compensation expense included as a component of acquisition-related expenses in the three months ended March 31, 2017 .
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 and six months ended March 31, 2017 , including the related income tax effects, is presented below: Three months ended March 31, 2017 Six months ended March 31, 2017 (in thousands) Amortization of DBRSU prepaid compensation asset $ 1,238 $ 2,778 Change in fair value of derivative liability (1) (1,477 ) 7,852 Net expense before tax $ (239 ) $ 10,630 Income tax benefit $ 1,028 $ 3,948 (1) Includes the impact of a DB rights offering during the three months ended March 31, 2017 , which increased the fair value of the derivative liability due to the DBRSU plan terms and conditions, and was reported in acquisition-related expenses on the Condensed Consolidated Statements of Income and Comprehensive Income. Also includes the impact of DBRSUs forfeited during the three and six months ended March 31, 2017

REGULATIONS AND CAPITAL REQUI49

REGULATIONS AND CAPITAL REQUIREMENTS (Tables)	6 Months Ended
	Mar. 31, 2017
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 March 31, 2017: Common equity Tier 1 capital $ 4,699,214 21.8 % $ 971,040 4.5 % $ 1,402,613 6.5 % Tier 1 capital $ 4,699,214 21.8 % $ 1,294,720 6.0 % $ 1,726,293 8.0 % Total capital $ 4,903,625 22.7 % $ 1,726,293 8.0 % $ 2,157,866 10.0 % Tier 1 leverage $ 4,699,214 14.5 % $ 1,295,023 4.0 % $ 1,618,779 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 CET1, 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 March 31, 2017: Common equity Tier 1 capital $ 1,728,983 12.4 % $ 627,107 4.5 % $ 905,821 6.5 % Tier 1 capital $ 1,728,983 12.4 % $ 836,142 6.0 % $ 1,114,856 8.0 % Total capital $ 1,903,444 13.7 % $ 1,114,856 8.0 % $ 1,393,570 10.0 % Tier 1 leverage $ 1,728,983 9.3 % $ 741,617 4.0 % $ 927,022 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 March 31, 2017 September 30, 2016 ($ in thousands) Raymond James & Associates, Inc.: (Alternative Method elected) Net capital as a percent of aggregate debit items 18.14 % 19.61 % Net capital $ 476,182 $ 512,594 Less: required net capital (52,497 ) (52,287 ) Excess net capital $ 423,685 $ 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 March 31, 2017 September 30, 2016 (in thousands) Raymond James Financial Services, Inc.: (Alternative Method elected) Net capital $ 26,012 $ 27,013 Less: required net capital (250 ) (250 ) Excess net capital $ 25,762 $ 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 March 31, 2017 September 30, 2016 (in thousands) Raymond James Ltd.: Risk adjusted capital before minimum $ 84,369 $ 77,110 Less: required minimum capital (250 ) (250 ) Risk adjusted capital $ 84,119 $ 76,860

FINANCIAL INSTRUMENTS WITH OF50

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Tables)	6 Months Ended
	Mar. 31, 2017
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: March 31, 2017 (in thousands) Standby letters of credit $ 35,736 Open-end consumer lines of credit (primarily SBL) 4,393,523 Commercial lines of credit 1,667,960 Unfunded loan commitments 426,213

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Mar. 31, 2017
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 March 31, Six months ended March 31, 2017 2016 2017 2016 (in thousands, except per share amounts) Income for basic earnings per common share: Net income attributable to RJF $ 112,755 $ 125,847 $ 259,322 $ 232,176 Less allocation of earnings and dividends to participating securities (1) (262 ) (313 ) (576 ) (549 ) Net income attributable to RJF common shareholders $ 112,493 $ 125,534 $ 258,746 $ 231,627 Income for diluted earnings per common share: Net income attributable to RJF $ 112,755 $ 125,847 $ 259,322 $ 232,176 Less allocation of earnings and dividends to participating securities (1) (258 ) (309 ) (566 ) (541 ) Net income attributable to RJF common shareholders $ 112,497 $ 125,538 $ 258,756 $ 231,635 Common shares: Average common shares in basic computation 143,367 141,472 142,732 142,273 Dilutive effect of outstanding stock options and certain restricted stock units 3,412 2,540 3,387 2,774 Average common shares used in diluted computation 146,779 144,012 146,119 145,047 Earnings per common share: Basic $ 0.78 $ 0.89 $ 1.81 $ 1.63 Diluted $ 0.77 $ 0.87 $ 1.77 $ 1.60 Stock options and certain restricted stock units excluded from weighted-average diluted common shares because their effect would be antidilutive 408 3,234 1,652 3,270 (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 342 thousand and 362 thousand for the three months ended March 31, 2017 and 2016 , respectively. Participating securities represent unvested restricted stock and certain restricted stock units and amounted to weighted-average shares of 326 thousand and 350 thousand for the six months ended March 31, 2017 and 2016 , respectively. Dividends paid to participating securities were insignificant in the three and six months ended March 31, 2017 and 2016 . 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 March 31, Six months ended March 31, 2017 2016 2017 2016 Dividends per common share - declared $ 0.22 $ 0.20 $ 0.44 $ 0.40 Dividends per common share - paid $ 0.22 $ 0.20 $ 0.42 $ 0.38

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Information Concerning Operations on a Segment Basis	Information concerning operations in these segments of business is as follows: Three months ended March 31, Six months ended March 31, 2017 2016 2017 2016 (in thousands) Revenues: Private Client Group $ 1,088,561 $ 883,019 $ 2,131,877 $ 1,757,464 Capital Markets 260,480 241,319 497,462 470,297 Asset Management 116,520 96,842 230,616 197,080 RJ Bank 148,697 131,312 293,214 244,038 Other 16,009 9,872 31,468 14,272 Intersegment eliminations (29,953 ) (21,254 ) (55,555 ) (41,184 ) Total revenues (1) $ 1,600,314 $ 1,341,110 $ 3,129,082 $ 2,641,967 Income (loss) excluding noncontrolling interests and before provision for income taxes: Private Client Group $ 29,372 $ 83,232 $ 102,730 $ 152,372 Capital Markets 41,251 28,087 62,695 53,255 Asset Management 37,797 31,123 79,706 64,489 RJ Bank 91,911 85,134 196,032 150,999 Other (34,818 ) (29,458 ) (69,271 ) (54,659 ) Pre-tax income excluding noncontrolling interests 165,513 198,118 371,892 366,456 Add: net loss attributable to noncontrolling interests (4,210 ) (4,010 ) (3,074 ) (2,275 ) Income including noncontrolling interests and before provision for income taxes $ 161,303 $ 194,108 $ 368,818 $ 364,181 (1) No individual client accounted for more than ten percent of total revenues in any of the periods presented. Three months ended March 31, Six months ended March 31, 2017 2016 2017 2016 (in thousands) Net interest income (expense): Private Client Group $ 33,671 $ 24,572 $ 64,058 $ 47,498 Capital Markets 2,166 2,697 4,674 5,673 Asset Management 72 (12 ) 135 88 RJ Bank 138,511 121,297 272,783 227,485 Other (18,553 ) (16,025 ) (38,967 ) (32,442 ) Net interest income $ 155,867 $ 132,529 $ 302,683 $ 248,302 The following table presents our total assets on a segment basis: March 31, 2017 September 30, 2016 (in thousands) Total assets: Private Client Group (1) $ 9,410,613 $ 10,317,681 Capital Markets (2) 3,053,270 2,957,319 Asset Management 133,314 133,190 RJ Bank 18,870,714 16,613,391 Other 1,460,820 1,465,395 Total $ 32,928,731 $ 31,486,976 (1) Includes $275 million and $276 million of goodwill at March 31, 2017 and September 30, 2016 , respectively. (2) Includes $132 million and $133 million of goodwill at March 31, 2017 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 March 31, Six months ended March 31, 2017 2016 2017 2016 (in thousands) Revenues: United States $ 1,478,278 $ 1,244,802 $ 2,894,559 $ 2,449,052 Canada 92,186 62,466 177,031 124,315 Europe 30,256 21,382 53,226 44,915 Other (406 ) 12,460 4,266 23,685 Total $ 1,600,314 $ 1,341,110 $ 3,129,082 $ 2,641,967 Pre-tax income (loss) excluding noncontrolling interests: United States $ 156,605 $ 191,210 $ 370,810 $ 353,069 Canada 6,362 4,124 4,825 9,194 Europe 2,101 (897 ) (587 ) (1,343 ) Other 445 3,681 (3,156 ) 5,536 Total $ 165,513 $ 198,118 $ 371,892 $ 366,456 Our total assets, classified by major geographic area in which they are held, are presented below: March 31, 2017 September 30, 2016 (in thousands) Total assets: United States (1) $ 30,378,029 $ 29,112,182 Canada (2) 2,469,569 2,275,056 Europe (3) 60,170 61,067 Other 20,963 38,671 Total $ 32,928,731 $ 31,486,976 (1) Includes $356 million of goodwill at March 31, 2017 and September 30, 2016 . (2) Includes $42 million and $43 million of goodwill at March 31, 2017 and September 30, 2016 , respectively. (3) Includes $9 million of goodwill at both March 31, 2017 and September 30, 2016 .

INTRODUCTION AND BASIS OF PRE53

INTRODUCTION AND BASIS OF PRESENTATION (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Percent ownership of subsidiaries that are consolidated (in hundredths)	100.00%
Assets	$ 32,928,731	$ 31,486,976
Liabilities	27,600,514	26,424,000
Noncontrolling interests	120,469	146,431
Retained earnings	$ 4,027,927	3,834,781
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 ACCOUNT54

UPDATE OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Millions	Mar. 31, 2017	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	$ 21	$ 13
Loans associated with financial advisors no longer affiliated with us, allowance	$ 7	$ 5

ACQUISITIONS, Acquisition Relat

ACQUISITIONS, Acquisition Related Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016	Apr. 20, 2017	Dec. 31, 2016
Business Acquisition [Line Items]
Total acquisition-related expenses	$ 1,086	$ 6,015	$ 13,752	$ 7,887
Acquisition and integration related incentive compensation costs
Business Acquisition [Line Items]
Total acquisition-related expenses	0	0	5,474	0
Severance
Business Acquisition [Line Items]
Total acquisition-related expenses	754	0	5,557	0
Early termination costs of assumed contracts
Business Acquisition [Line Items]
Total acquisition-related expenses	5	0	1,329	0
Information systems integration costs
Business Acquisition [Line Items]
Total acquisition-related expenses	417	1,655	1,622	1,655
Legal and regulatory
Business Acquisition [Line Items]
Total acquisition-related expenses	274	422	827	1,923
Post-closing purchase price contingency
Business Acquisition [Line Items]
Total acquisition-related expenses	(1,248)	0	(3,499)	0
DBRSU obligation and related hedge
Business Acquisition [Line Items]
Total acquisition-related expenses	798	3,165	798	3,319
Travel and all other
Business Acquisition [Line Items]
Total acquisition-related expenses	$ 86	$ 773	$ 1,644	$ 990
the Scout Group
Business Acquisition [Line Items]
Assets under management and advisement						$ 27,000,000
Subsequent Event | the Scout Group
Business Acquisition [Line Items]
Business acquisition, percentage of voting interest acquired					100.00%

CASH AND CASH EQUIVALENTS, AS56

CASH AND CASH EQUIVALENTS, ASSETS SEGREGATED PURSUANT TO REGULATIONS, AND DEPOSITS WITH CLEARING ORGANIZATIONS (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016	Mar. 31, 2016	Sep. 30, 2015
Cash and cash equivalents:
Cash in banks	$ 2,634,934	$ 1,649,593
Money market fund investments	1,392	859
Total cash and cash equivalents	2,636,326	1,650,452	$ 1,479,786	$ 2,601,006
Assets segregated pursuant to regulations and other segregated assets	3,829,607	4,884,487
Deposits with clearing organizations:
Cash and cash equivalents	148,712	215,856
Government and agency obligations	50,384	29,508
Total deposits with clearing organizations	199,096	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	$ 924,000	$ 810,000

FAIR VALUE, Recurring and Nonre

FAIR VALUE, Recurring and Nonrecurring Fair Value Measurements (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2017	Mar. 31, 2016	Sep. 30, 2016
Assets, Fair Value Disclosure
Total debt securities	$ 641,976	$ 641,976		$ 655,737
Derivative contracts	28,066	28,066		55,703
Equity securities	21,130	21,130		16,029
Brokered certificates of deposit	32,445	32,445		35,206
Other	13,165	13,165		4,130
Total trading instruments	736,782	736,782		766,805
Available for sale securities	1,714,114	1,714,114		859,398
Total private equity investments	201,761	201,761		194,634
Derivative instruments associated with offsetting matched book positions	285,898	285,898		422,196
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	398,828	398,828		301,721
Derivative contracts	56,032	56,032		8,835
Equity securities	16,618	16,618		18,382
Other securities	226	226		0
Trading instruments sold but not yet purchased	471,704	471,704		328,938
Derivative instruments associated with offsetting matched book positions	285,898	285,898		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	2,000		3,000
Fair value of financial instruments, level 2 to level 1 transfers		1,000		$ 1,000
Private Equity Investments [Abstract]
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		10,000	$ 2,000
Quoted prices in active markets for identical assets (Level 1)
Assets, Fair Value Disclosure
Total bank loans, net	0	0		$ 0
Significant other observable inputs (Level 2)
Assets, Fair Value Disclosure
Total bank loans, net	120,388	120,388		196,109
Significant unobservable inputs (level 3)
Assets, Fair Value Disclosure
Total bank loans, net	15,580,471	15,580,471		14,925,802
Recurring
Assets, Fair Value Disclosure
Total debt securities	641,976	641,976		655,737
Netting adjustments	(45,705)	(45,705)		(107,539)
Equity securities	21,130	21,130		16,029
Brokered certificates of deposit	32,445	32,445		35,206
Other	13,165	13,165		4,130
Total trading instruments	736,782	736,782		766,805
Available for sale securities	1,714,114	1,714,114		859,398
Other investments	222,585	222,585		296,844
Government and agency obligations	50,384	50,384		29,508
Total assets at fair value on a recurring basis	3,213,948	3,213,948		2,573,849
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	398,828	398,828		301,721
Netting adjustments	(35,215)	(35,215)		(142,859)
Equity securities	16,618	16,618		18,382
Other securities	226	226
Trading instruments sold but not yet purchased	471,704	471,704		328,938
Total liabilities at fair value on a recurring basis	790,155	790,155		795,641
Adjustments to fair value of nonrecurring fair value measurements [Abstract]
Other investments with obligations to perform under deferred compensation plan	79,000	79,000		77,000
Recurring | Municipal and provincial obligations
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	1,070	1,070		1,161
Recurring | Corporate obligations
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	23,505	23,505		31,074
Recurring | Government obligations
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	328,609	328,609		266,682
Recurring | Agency MBS and CMOs
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	45,644	45,644		2,804
Recurring | Trade and other payables
Liabilities, Fair Value Disclosure [Abstract]
Other liabilities	64	64		67
Total trade and other payables	6,932	6,932		26,738
Recurring | Municipal and provincial obligations
Assets, Fair Value Disclosure
Total debt securities	239,807	239,807		274,163
Recurring | Corporate obligations
Assets, Fair Value Disclosure
Total debt securities	128,704	128,704		132,885
Recurring | Government and agency obligations
Assets, Fair Value Disclosure
Total debt securities	80,009	80,009		49,598
Recurring | Agency MBS and CMOs
Assets, Fair Value Disclosure
Total debt securities	137,052	137,052		164,663
Available for sale securities	1,547,579	1,547,579		682,297
Recurring | Non-agency CMOs and ABS
Assets, Fair Value Disclosure
Total debt securities	56,404	56,404		34,428
Recurring | Non-agency CMOs
Assets, Fair Value Disclosure
Available for sale securities	33,837	33,837		50,519
Recurring | Other securities
Assets, Fair Value Disclosure
Available for sale securities	1,552	1,552		1,417
Recurring | ARS municipal obligations
Assets, Fair Value Disclosure
Available for sale securities	25,728	25,728		25,147
Recurring | ARS - preferred securities
Assets, Fair Value Disclosure
Available for sale securities	105,418	105,418		100,018
Recurring | Other assets
Assets, Fair Value Disclosure
Other assets	2,148	2,148		2,448
Total other assets	2,424	2,424		4,464
Recurring | Quoted prices in active markets for identical assets (Level 1)
Assets, Fair Value Disclosure
Total debt securities	19,253	19,253		17,305
Equity securities	20,160	20,160		14,529
Brokered certificates of deposit	0	0		0
Other	24	24		555
Total trading instruments	39,437	39,437		32,389
Available for sale securities	1,552	1,552		1,417
Other investments	221,889	221,889		296,146
Government and agency obligations	50,384	50,384		29,508
Total assets at fair value on a recurring basis	313,262	313,262		359,460
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	332,096	332,096		271,930
Equity securities	16,618	16,618		18,382
Other securities	0	0
Trading instruments sold but not yet purchased	348,714	348,714		290,312
Total liabilities at fair value on a recurring basis	348,714	348,714		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	600	600		1,161
Recurring | Quoted prices in active markets for identical assets (Level 1) | Corporate obligations
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	1,021	1,021		1,283
Recurring | Quoted prices in active markets for identical assets (Level 1) | Government obligations
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	328,609	328,609		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	1,866	1,866		2,804
Recurring | Quoted prices in active markets for identical assets (Level 1) | Trade and other payables
Liabilities, Fair Value Disclosure [Abstract]
Other liabilities	0	0		0
Total trade and other payables	0	0		0
Recurring | Quoted prices in active markets for identical assets (Level 1) | Municipal and provincial obligations
Assets, Fair Value Disclosure
Total debt securities	55	55		480
Recurring | Quoted prices in active markets for identical assets (Level 1) | Corporate obligations
Assets, Fair Value Disclosure
Total debt securities	11,574	11,574		10,000
Recurring | Quoted prices in active markets for identical assets (Level 1) | Government and agency obligations
Assets, Fair Value Disclosure
Total debt securities	7,230	7,230		6,412
Recurring | Quoted prices in active markets for identical assets (Level 1) | Agency MBS and CMOs
Assets, Fair Value Disclosure
Total debt securities	394	394		413
Available for sale securities	0	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		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		0
Recurring | Quoted prices in active markets for identical assets (Level 1) | Other securities
Assets, Fair Value Disclosure
Available for sale securities	1,552	1,552		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		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		0
Recurring | Quoted prices in active markets for identical assets (Level 1) | Other assets
Assets, Fair Value Disclosure
Other assets	0	0		0
Total other assets	0	0		0
Recurring | Significant other observable inputs (Level 2)
Assets, Fair Value Disclosure
Total debt securities	622,716	622,716		638,425
Equity securities	970	970		1,500
Brokered certificates of deposit	32,445	32,445		35,206
Other	0	0		3
Total trading instruments	729,902	729,902		838,376
Available for sale securities	1,581,416	1,581,416		732,816
Other investments	322	322		257
Government and agency obligations	0	0		0
Total assets at fair value on a recurring basis	2,597,814	2,597,814		1,995,661
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	66,732	66,732		29,791
Equity securities	0	0		0
Other securities	226	226
Trading instruments sold but not yet purchased	158,205	158,205		181,485
Total liabilities at fair value on a recurring basis	476,592	476,592		648,121
Recurring | Significant other observable inputs (Level 2) | Municipal and provincial obligations
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	470	470		0
Recurring | Significant other observable inputs (Level 2) | Corporate obligations
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	22,484	22,484		29,791
Recurring | Significant other observable inputs (Level 2) | Government obligations
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	0	0		0
Recurring | Significant other observable inputs (Level 2) | Agency MBS and CMOs
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	43,778	43,778		0
Recurring | Significant other observable inputs (Level 2) | Trade and other payables
Liabilities, Fair Value Disclosure [Abstract]
Other liabilities	0	0		0
Total trade and other payables	6,868	6,868		26,671
Recurring | Significant other observable inputs (Level 2) | Municipal and provincial obligations
Assets, Fair Value Disclosure
Total debt securities	239,752	239,752		273,683
Recurring | Significant other observable inputs (Level 2) | Corporate obligations
Assets, Fair Value Disclosure
Total debt securities	117,130	117,130		122,885
Recurring | Significant other observable inputs (Level 2) | Government and agency obligations
Assets, Fair Value Disclosure
Total debt securities	72,779	72,779		43,186
Recurring | Significant other observable inputs (Level 2) | Agency MBS and CMOs
Assets, Fair Value Disclosure
Total debt securities	136,658	136,658		164,250
Available for sale securities	1,547,579	1,547,579		682,297
Recurring | Significant other observable inputs (Level 2) | Non-agency CMOs and ABS
Assets, Fair Value Disclosure
Total debt securities	56,397	56,397		34,421
Recurring | Significant other observable inputs (Level 2) | Non-agency CMOs
Assets, Fair Value Disclosure
Available for sale securities	33,837	33,837		50,519
Recurring | Significant other observable inputs (Level 2) | Other securities
Assets, Fair Value Disclosure
Available for sale securities	0	0		0
Recurring | Significant other observable inputs (Level 2) | ARS municipal obligations
Assets, Fair Value Disclosure
Available for sale securities	0	0		0
Recurring | Significant other observable inputs (Level 2) | ARS - preferred securities
Assets, Fair Value Disclosure
Available for sale securities	0	0		0
Recurring | Significant other observable inputs (Level 2) | Other assets
Assets, Fair Value Disclosure
Other assets	0	0		0
Total other assets	276	276		2,016
Recurring | Significant unobservable inputs (level 3)
Assets, Fair Value Disclosure
Total debt securities	7	7		7
Equity securities	0	0		0
Brokered certificates of deposit	0	0		0
Other	13,141	13,141		3,572
Total trading instruments	13,148	13,148		3,579
Available for sale securities	131,146	131,146		125,165
Other investments	374	374		441
Government and agency obligations	0	0		0
Total assets at fair value on a recurring basis	235,439	235,439		214,798
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	0	0		0
Equity securities	0	0		0
Other securities	0	0
Trading instruments sold but not yet purchased	0	0		0
Total liabilities at fair value on a recurring basis	64	64		67
Recurring | Significant unobservable inputs (level 3) | Municipal and provincial obligations
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	0	0		0
Recurring | Significant unobservable inputs (level 3) | Corporate obligations
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	0	0		0
Recurring | Significant unobservable inputs (level 3) | Government obligations
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	0	0		0
Recurring | Significant unobservable inputs (level 3) | Agency MBS and CMOs
Liabilities, Fair Value Disclosure [Abstract]
Total debt securities	0	0		0
Recurring | Significant unobservable inputs (level 3) | Trade and other payables
Liabilities, Fair Value Disclosure [Abstract]
Other liabilities	64	64		67
Total trade and other payables	64	64		67
Recurring | Significant unobservable inputs (level 3) | Municipal and provincial obligations
Assets, Fair Value Disclosure
Total debt securities	0	0		0
Recurring | Significant unobservable inputs (level 3) | Corporate obligations
Assets, Fair Value Disclosure
Total debt securities	0	0		0
Recurring | Significant unobservable inputs (level 3) | Government and agency obligations
Assets, Fair Value Disclosure
Total debt securities	0	0		0
Recurring | Significant unobservable inputs (level 3) | Agency MBS and CMOs
Assets, Fair Value Disclosure
Total debt securities	0	0		0
Available for sale securities	0	0		0
Recurring | Significant unobservable inputs (level 3) | Non-agency CMOs and ABS
Assets, Fair Value Disclosure
Total debt securities	7	7		7
Recurring | Significant unobservable inputs (level 3) | Non-agency CMOs
Assets, Fair Value Disclosure
Available for sale securities	0	0		0
Recurring | Significant unobservable inputs (level 3) | Other securities
Assets, Fair Value Disclosure
Available for sale securities	0	0		0
Recurring | Significant unobservable inputs (level 3) | ARS municipal obligations
Assets, Fair Value Disclosure
Available for sale securities	25,728	25,728		25,147
Recurring | Significant unobservable inputs (level 3) | ARS - preferred securities
Assets, Fair Value Disclosure
Available for sale securities	105,418	105,418		100,018
Recurring | Significant unobservable inputs (level 3) | Other assets
Assets, Fair Value Disclosure
Other assets	2,148	2,148		2,448
Total other assets	2,148	2,148		2,448
Recurring | Interest rate contract
Assets, Fair Value Disclosure
Netting adjustments	(45,705)	(45,705)		(107,539)
Derivative contracts	28,066	28,066		55,703
Derivative instruments associated with offsetting matched book positions	285,898	285,898		422,196
Liabilities, Fair Value Disclosure [Abstract]
Netting adjustments	(35,215)	(35,215)		(142,859)
Derivative contracts	56,032	56,032		8,835
Derivative instruments associated with offsetting matched book positions	285,898	285,898		422,196
Recurring | Interest rate contract | Trade and other payables
Liabilities, Fair Value Disclosure [Abstract]
Derivative contracts	6,868	6,868		26,671
Recurring | Interest rate contract | Other assets
Assets, Fair Value Disclosure
Derivative contracts	276	276
Recurring | Interest rate contract | Quoted prices in active markets for identical assets (Level 1)
Assets, Fair Value Disclosure
Derivative contracts	0	0		0
Derivative instruments associated with offsetting matched book positions	0	0		0
Liabilities, Fair Value Disclosure [Abstract]
Derivative contracts	0	0		0
Derivative instruments associated with offsetting matched book positions	0	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		0
Recurring | Interest rate contract | Quoted prices in active markets for identical assets (Level 1) | Other assets
Assets, Fair Value Disclosure
Derivative contracts	0	0
Recurring | Interest rate contract | Significant other observable inputs (Level 2)
Assets, Fair Value Disclosure
Derivative contracts	73,771	73,771		163,242
Derivative instruments associated with offsetting matched book positions	285,898	285,898		422,196
Liabilities, Fair Value Disclosure [Abstract]
Derivative contracts	91,247	91,247		151,694
Derivative instruments associated with offsetting matched book positions	285,898	285,898		422,196
Recurring | Interest rate contract | Significant other observable inputs (Level 2) | Trade and other payables
Liabilities, Fair Value Disclosure [Abstract]
Derivative contracts	6,868	6,868		26,671
Recurring | Interest rate contract | Significant other observable inputs (Level 2) | Other assets
Assets, Fair Value Disclosure
Derivative contracts	276	276
Recurring | Interest rate contract | Significant unobservable inputs (level 3)
Assets, Fair Value Disclosure
Derivative contracts	0	0		0
Derivative instruments associated with offsetting matched book positions	0	0		0
Liabilities, Fair Value Disclosure [Abstract]
Derivative contracts	0	0		0
Derivative instruments associated with offsetting matched book positions	0	0		0
Recurring | Interest rate contract | Significant unobservable inputs (level 3) | Trade and other payables
Liabilities, Fair Value Disclosure [Abstract]
Derivative contracts	0	0		0
Recurring | Interest rate contract | Significant unobservable inputs (level 3) | Other assets
Assets, Fair Value Disclosure
Derivative contracts	0	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	19,000	19,000		12,000
Recurring | DBRSU derivative | Accrued compensation, commissions and benefits
Liabilities, Fair Value Disclosure [Abstract]
Derivative contracts	25,621	25,621		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		0
Recurring | DBRSU derivative | Significant other observable inputs (Level 2) | Accrued compensation, commissions and benefits
Liabilities, Fair Value Disclosure [Abstract]
Derivative contracts	25,621	25,621		17,769
Recurring | DBRSU derivative | Significant unobservable inputs (level 3) | Accrued compensation, commissions and benefits
Liabilities, Fair Value Disclosure [Abstract]
Derivative contracts	0	0		0
Nonrecurring
Assets, Fair Value Disclosure
Total bank loans, net	122,289	122,289		89,305
Other real estate owned (OREO)	790	790		679
Total assets at fair value on a nonrecurring basis	123,079	123,079		89,984
Nonrecurring | Impaired loans
Assets, Fair Value Disclosure
Total bank loans, net	61,751	61,751		71,128
Nonrecurring | Loans held for sale
Assets, Fair Value Disclosure
Total bank loans, net	60,538	60,538		18,177
Nonrecurring | Quoted prices in active markets for identical assets (Level 1)
Assets, Fair Value Disclosure
Total bank loans, net	0	0		0
Other real estate owned (OREO)	0	0		0
Total assets at fair value on a nonrecurring basis	0	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		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		0
Nonrecurring | Significant other observable inputs (Level 2)
Assets, Fair Value Disclosure
Total bank loans, net	81,208	81,208		41,323
Other real estate owned (OREO)	790	790		679
Total assets at fair value on a nonrecurring basis	81,998	81,998		42,002
Nonrecurring | Significant other observable inputs (Level 2) | Impaired loans
Assets, Fair Value Disclosure
Total bank loans, net	20,670	20,670		23,146
Nonrecurring | Significant other observable inputs (Level 2) | Loans held for sale
Assets, Fair Value Disclosure
Total bank loans, net	60,538	60,538		18,177
Nonrecurring | Significant unobservable inputs (level 3)
Assets, Fair Value Disclosure
Total bank loans, net	41,081	41,081		47,982
Other real estate owned (OREO)	0	0		0
Total assets at fair value on a nonrecurring basis	41,081	41,081		47,982
Nonrecurring | Significant unobservable inputs (level 3) | Impaired loans
Assets, Fair Value Disclosure
Total bank loans, net	41,081	41,081		47,982
Nonrecurring | Significant unobservable inputs (level 3) | Loans held for sale
Assets, Fair Value Disclosure
Total bank loans, net	0	0		0
Private equity investments | Recurring
Assets, Fair Value Disclosure
Measured at fair value	88,623	88,623		83,165
Measured at net asset value (“NAV”)	113,138	113,138		111,469
Total private equity investments	201,761	201,761		194,634
Private equity investments | Recurring | Quoted prices in active markets for identical assets (Level 1)
Assets, Fair Value Disclosure
Measured at fair value	0	0		0
Total private equity investments	0	0		0
Private equity investments | Recurring | Significant other observable inputs (Level 2)
Assets, Fair Value Disclosure
Measured at fair value	0	0		0
Total private equity investments	0	0		0
Private equity investments | Recurring | Significant unobservable inputs (level 3)
Assets, Fair Value Disclosure
Measured at fair value	88,623	88,623		83,165
Total private equity investments	88,623	88,623		83,165
Private equity investments | Noncontrolling Interest | Recurring
Assets, Fair Value Disclosure
Total private equity investments	53,000	$ 53,000		51,000
Private equity investments | Total equity attributable to Raymond James Financial, Inc.
Private Equity Investments [Abstract]
Private equity investments, weighted average percentage owned		74.00%
Private equity investments | Total equity attributable to Raymond James Financial, Inc. | Recurring
Assets, Fair Value Disclosure
Total private equity investments	$ 149,000	$ 149,000		$ 144,000

FAIR VALUE, Level 3 Financial A

FAIR VALUE, Level 3 Financial Assets and Liabilities, Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Percentage of instruments measured at fair value on a recurring basis
Instruments measured at fair value, percentage of assets (in hundredths)	10.00%	8.00%	10.00%	8.00%
Instruments measured at fair value, percentage of liabilities (in hundredths)	3.00%	3.00%	3.00%	3.00%
Instruments measured at fair value, level 3, percentage of assets (in hundredths)	7.00%	10.00%	7.00%	10.00%
Percentage Increase (decrease) of level 3 financial instruments from prior year period (in hundredths)	(3.00%)		(3.00%)
Payables-trade and other | Other liabilities
Changes in Level 3 recurring fair value measurements, liabilities [Roll Forward]
Fair value beginning of period	$ (1,856)	$ (67)	$ (67)	$ (58)
Total gains (losses) for the period:
Included in earnings	1,792	0	3	0
Included in other comprehensive income	0	0	0	0
Purchases and contributions	0	0	0	(9)
Sales	0	0	0	0
Redemptions by issuer	0	0	0	0
Distributions	0	0	0	0
Transfers:
Into Level 3	0	0	0	0
Out of Level 3	0	0	0	0
Fair value end of period	(64)	(67)	(64)	(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	0	0	0	0
Trading instruments | Corporate obligations
Changes in Level 3 recurring fair value measurements, assets [Roll Forward]
Fair value beginning of period		189		156
Total gains (losses) for the period:
Included in earnings		(97)		(137)
Included in other comprehensive income		0		0
Purchases and contributions		2		75
Sales		(94)		(94)
Redemptions by issuer		0		0
Distributions		0		0
Transfers:
Into Level 3		0		0
Out of Level 3		0		0
Fair value end of period		0		0
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 | Non-agency CMOs and ABS
Changes in Level 3 recurring fair value measurements, assets [Roll Forward]
Fair value beginning of period	7	9	7	9
Total gains (losses) for the period:
Included in earnings	0	0	0	0
Included in other comprehensive income	0	0	0	0
Purchases and contributions	0	0	0	0
Sales	0	0	0	0
Redemptions by issuer	0	0	0	0
Distributions	0	(1)	0	(1)
Transfers:
Into Level 3	0	0	0	0
Out of Level 3	0	0	0	0
Fair value end of period	7	8	7	8
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	0	1
Trading instruments | Other
Changes in Level 3 recurring fair value measurements, assets [Roll Forward]
Fair value beginning of period	11,052	1,964	3,572	1,986
Total gains (losses) for the period:
Included in earnings	(383)	(100)	(524)	(349)
Included in other comprehensive income	0	0	0	0
Purchases and contributions	22,418	19,470	41,101	38,487
Sales	(19,946)	(7,038)	(31,008)	(25,828)
Redemptions by issuer	0	0	0	0
Distributions	0	0	0	0
Transfers:
Into Level 3	0	0	0	0
Out of Level 3	0	0	0	0
Fair value end of period	13,141	14,296	13,141	14,296
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	(303)	(60)	(423)	(71)
Available for sale securities | ARS municipal obligations
Changes in Level 3 recurring fair value measurements, assets [Roll Forward]
Fair value beginning of period	25,364	27,480	25,147	28,015
Total gains (losses) for the period:
Included in earnings	0	133	0	133
Included in other comprehensive income	364	(583)	581	(1,118)
Purchases and contributions	0	0	0	0
Sales	0	(1,583)	0	(1,583)
Redemptions by issuer	0	(25)	0	(25)
Distributions	0	0	0	0
Transfers:
Into Level 3	0	0	0	0
Out of Level 3	0	0	0	0
Fair value end of period	25,728	25,422	25,728	25,422
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	364	(637)	581	(1,073)
Available for sale securities | ARS - preferred securities
Changes in Level 3 recurring fair value measurements, assets [Roll Forward]
Fair value beginning of period	103,853	102,899	100,018	110,749
Total gains (losses) for the period:
Included in earnings	0	0	1	0
Included in other comprehensive income	1,565	(300)	5,422	(8,150)
Purchases and contributions	0	0	0	0
Sales	0	0	(23)	0
Redemptions by issuer	0	0	0	0
Distributions	0	0	0	0
Transfers:
Into Level 3	0	0	0	0
Out of Level 3	0	0	0	0
Fair value end of period	105,418	102,599	105,418	102,599
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	1,565	(300)	5,422	(8,150)
Private Equity Not Measured at NAV, Other Investments and Other Assets [Member] | Private equity investments
Changes in Level 3 recurring fair value measurements, assets [Roll Forward]
Fair value beginning of period			83,165	77,435
Total gains (losses) for the period:
Included in earnings			290
Included in other comprehensive income			0
Purchases and contributions			5,168
Sales			0
Redemptions by issuer			0
Distributions			0
Transfers:
Into Level 3			0
Out of Level 3			0
Fair value end of period	88,623	73,139	88,623	73,139
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
Private Equity Not Measured at NAV, Other Investments and Other Assets [Member] | Other investments
Changes in Level 3 recurring fair value measurements, assets [Roll Forward]
Fair value beginning of period			441	565
Total gains (losses) for the period:
Included in earnings			143
Included in other comprehensive income			0
Purchases and contributions			0
Sales			(15)
Redemptions by issuer			0
Distributions			0
Transfers:
Into Level 3			0
Out of Level 3			(195)
Fair value end of period	374	439	374	439
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			151	11
Private Equity Not Measured at NAV, Other Investments and Other Assets [Member] | Other assets
Changes in Level 3 recurring fair value measurements, assets [Roll Forward]
Fair value beginning of period			2,448	4,975
Total gains (losses) for the period:
Included in earnings			(300)
Included in other comprehensive income			0
Purchases and contributions			0
Sales			0
Redemptions by issuer			0
Distributions			0
Transfers:
Into Level 3			0
Out of Level 3			0
Fair value end of period	2,148	3,112	2,148	3,112
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			(300)	(1,863)
Private equity, other investments and other assets | Private equity investments
Changes in Level 3 recurring fair value measurements, assets [Roll Forward]
Fair value beginning of period	83,466	78,314
Total gains (losses) for the period:
Included in earnings	(11)	0		0
Included in other comprehensive income	0	0		0
Purchases and contributions	5,168	0		915
Sales	0	0		(18)
Redemptions by issuer	0	0		0
Distributions	0	(5,175)		(5,193)
Transfers:
Into Level 3	0	0		0
Out of Level 3	0	0		0
Fair value end of period	88,623	73,139	88,623	73,139
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		0
Private equity, other investments and other assets | Other investments
Changes in Level 3 recurring fair value measurements, assets [Roll Forward]
Fair value beginning of period	223	493
Total gains (losses) for the period:
Included in earnings	151	18		11
Included in other comprehensive income	0	0		0
Purchases and contributions	0	0		0
Sales	0	0		0
Redemptions by issuer	0	0		0
Distributions	0	(72)		(137)
Transfers:
Into Level 3	0	0		0
Out of Level 3	0	0		0
Fair value end of period	374	439	374	439
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	151	18
Private equity, other investments and other assets | Other assets
Changes in Level 3 recurring fair value measurements, assets [Roll Forward]
Fair value beginning of period	0	1,526
Total gains (losses) for the period:
Included in earnings	2,148	1,586		(1,863)
Included in other comprehensive income	0	0		0
Purchases and contributions	0	0		0
Sales	0	0		0
Redemptions by issuer	0	0		0
Distributions	0	0		0
Transfers:
Into Level 3	0	0		0
Out of Level 3	0	0		0
Fair value end of period	2,148	3,112	$ 2,148	$ 3,112
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	$ 3,940	$ 1,586

FAIR VALUE, Gains and Losses (R

FAIR VALUE, Gains and Losses (Realized and Unrealized) Included in Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Other comprehensive income
Gains and Losses (Realized and Unrealized) Included in Revenues [Line Items]
Total (losses) gains included in earnings	$ 1,929	$ (883)	$ 6,003	$ (9,268)
Change in unrealized (losses) gains for assets held at the end of the reporting period	1,929	(937)	6,003	(9,223)
Net trading profit
Gains and Losses (Realized and Unrealized) Included in Revenues [Line Items]
Total (losses) gains included in earnings	(383)	(197)	(524)	(486)
Change in unrealized (losses) gains for assets held at the end of the reporting period	(303)	(60)	(423)	(70)
Other revenues
Gains and Losses (Realized and Unrealized) Included in Revenues [Line Items]
Total (losses) gains included in earnings	4,080	1,737	137	(1,719)
Change in unrealized (losses) gains for assets held at the end of the reporting period	$ 4,091	$ 1,604	$ 152	$ (1,852)

FAIR VALUE, Significant Assumpt

FAIR VALUE, Significant Assumptions Used in Valuation of Level 3 Financial Instruments (Details) - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2017	Sep. 30, 2016
Recurring
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total assets at fair value on a recurring basis	$ 3,213,948	$ 2,573,849
Nonrecurring
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Total assets at fair value on a nonrecurring basis	123,079	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	$ 235,439	214,798
Significant unobservable inputs (level 3) | Recurring | ARS - municipal group one | Scenario 1 Recent Trades | Minimum
Fair Value Inputs [Abstract]
Observed trades	80.00%
Significant unobservable inputs (level 3) | Recurring | ARS - municipal group one | Scenario 1 Recent Trades | Maximum
Fair Value Inputs [Abstract]
Observed trades	80.00%
Significant unobservable inputs (level 3) | Recurring | ARS - municipal group one | Scenario 1 Recent Trades | Weighted average
Fair Value Inputs [Abstract]
Observed trades	80.00%
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	$ 10,590
Significant unobservable inputs (level 3) | Recurring | ARS - municipal group one | Discounted cash flow | Minimum
Fair Value Inputs [Abstract]
Average discount rate	6.65%
Average interest rates applicable to future interest income on the securities	2.63%
Prepayment year	Dec. 31, 2019
Weighting assigned to outcome of scenario 1 / scenario 2	25.00%
Significant unobservable inputs (level 3) | Recurring | ARS - municipal group one | Discounted cash flow | Maximum
Fair Value Inputs [Abstract]
Average discount rate	7.93%
Average interest rates applicable to future interest income on the securities	3.54%
Prepayment year	Dec. 31, 2026
Weighting assigned to outcome of scenario 1 / scenario 2	75.00%
Significant unobservable inputs (level 3) | Recurring | ARS - municipal group one | Discounted cash flow | Weighted average
Fair Value Inputs [Abstract]
Average discount rate	7.29%
Average interest rates applicable to future interest income on the securities	3.09%
Prepayment year	Dec. 31, 2023
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	$ 15,138
Significant unobservable inputs (level 3) | Recurring | ARS - municipals group two | Discounted cash flow | Minimum
Fair Value Inputs [Abstract]
Average discount rate	5.40%
Average interest rates applicable to future interest income on the securities	1.89%
Prepayment year	Dec. 31, 2017
Significant unobservable inputs (level 3) | Recurring | ARS - municipals group two | Discounted cash flow | Maximum
Fair Value Inputs [Abstract]
Average discount rate	6.40%
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	5.90%
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	$ 105,418
Significant unobservable inputs (level 3) | Recurring | ARS - preferred securities | Discounted cash flow | Minimum
Fair Value Inputs [Abstract]
Average discount rate	5.59%
Average interest rates applicable to future interest income on the securities	2.57%
Prepayment year	Dec. 31, 2017
Significant unobservable inputs (level 3) | Recurring | ARS - preferred securities | Discounted cash flow | Maximum
Fair Value Inputs [Abstract]
Average discount rate	7.02%
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	6.18%
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	$ 62,215
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	18.10%
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	82.00%
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	18.00%
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	$ 26,408
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	41,081	$ 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	$ 22,109
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 55 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	$ 18,972

FAIR VALUE, Investments in Priv

FAIR VALUE, Investments in Private Equity Measured at Net Asset Value Per Share (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Mar. 31, 2017	Sep. 30, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total private equity investments	$ 201,761	$ 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	6 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, covered funds, additional conformance period	5 years
Private equity investments | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Private equity investments at NAV	$ 113,138	$ 111,469
Private equity investments at NAV	25,443	30,543
Private equity investments at fair value	88,623	83,165
Total private equity investments	$ 201,761	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	$ 23,135	27,542
Total private equity investments	149,000	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	2,308	3,001
Total private equity investments	$ 53,000	$ 51,000

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	Mar. 31, 2017	Sep. 30, 2016
Carrying amount
Financial assets:
Bank loans, net	$ 15,872,400	$ 15,121,430
Loans to Financial advisors, net	861,346	838,721
Financial liabilities:
Bank deposits	16,377,544	14,262,547
Other borrowings	31,134	33,391
Senior notes payable	1,339,582	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	0	362,180
Significant other observable inputs (Level 2)
Financial assets:
Bank loans, net	120,388	196,109
Loans to Financial advisors, net	0	0
Financial liabilities:
Bank deposits	16,093,059	13,947,310
Other borrowings	31,562	34,520
Senior notes payable	1,410,240	1,452,071
Significant unobservable inputs (level 3)
Financial assets:
Bank loans, net	15,580,471	14,925,802
Loans to Financial advisors, net	717,344	706,717
Financial liabilities:
Bank deposits	282,509	318,228
Other borrowings	0	0
Senior notes payable	0	0
Recurring | Total estimated fair value
Financial assets:
Bank loans, net	15,700,859	15,121,911
Loans to Financial advisors, net	717,344	706,717
Financial liabilities:
Bank deposits	16,375,568	14,265,538
Other borrowings	31,562	34,520
Senior notes payable	$ 1,410,240	$ 1,814,251

TRADING INSTRUMENTS AND TRADI63

TRADING INSTRUMENTS AND TRADING INSTRUMENTS SOLD BUT NOT YET PURCHASED (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016
Trading Securities [Abstract]
Total debt securities	$ 641,976	$ 655,737
Derivative contracts	28,066	55,703
Equity securities	21,130	16,029
Brokered certificates of deposit	32,445	35,206
Other	13,165	4,130
Total trading instruments	736,782	766,805
Financial Instruments Sold, Not yet Purchased, at Fair Value [Abstract]
Total debt securities	398,828	301,721
Derivative liability	56,032	8,835
Equity securities	16,618	18,382
Brokered certificates of deposit	0	0
Other	226	0
Trading instruments sold but not yet purchased	471,704	328,938
Municipal and provincial obligations
Trading Securities [Abstract]
Total debt securities	239,807	274,163
Financial Instruments Sold, Not yet Purchased, at Fair Value [Abstract]
Total debt securities	1,070	1,161
Corporate obligations
Trading Securities [Abstract]
Total debt securities	128,704	132,885
Financial Instruments Sold, Not yet Purchased, at Fair Value [Abstract]
Total debt securities	23,505	31,074
Government and agency obligations
Trading Securities [Abstract]
Total debt securities	80,009	49,598
Financial Instruments Sold, Not yet Purchased, at Fair Value [Abstract]
Total debt securities	328,609	266,682
Agency MBS and CMOs
Trading Securities [Abstract]
Total debt securities	137,052	164,663
Financial Instruments Sold, Not yet Purchased, at Fair Value [Abstract]
Total debt securities	45,644	2,804
Non-agency CMOs and ABS
Trading Securities [Abstract]
Total debt securities	56,404	34,428
Financial Instruments Sold, Not yet Purchased, at Fair Value [Abstract]
Total debt securities	$ 0	$ 0

AVAILABLE FOR SALE SECURITIES,

AVAILABLE FOR SALE SECURITIES, Sale of Available-for-sale Securities (Details) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Sales of Available for Sale Securities [Abstract]
Proceeds from sales of available for sale securities			$ 32,841,000	$ 1,530,000
RJ Bank available for sale securities
Sales of Available for Sale Securities [Abstract]
Proceeds from sales of available for sale securities	$ 25,000,000	$ 0	$ 33,000,000	0
Auction rate securities
Sales of Available for Sale Securities [Abstract]
Proceeds from sales of available for sale securities		$ 2,000,000		$ 2,000,000

AVAILABLE FOR SALE SECURITIES65

AVAILABLE FOR SALE SECURITIES, Amortized Cost and Fair Values of AFS Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016
Schedule of Available for Sale Securities [Abstract]
Cost basis	$ 1,724,498	$ 866,060
Gross unrealized gains	3,083	2,535
Gross unrealized losses	(13,467)	(9,197)
Fair value	1,714,114	859,398
RJ Bank
Schedule of Available for Sale Securities [Abstract]
Cost basis	1,593,803	735,343
Gross unrealized gains	813	2,521
Gross unrealized losses	(11,648)	(3,631)
Fair value	1,582,968	734,233
RJ Bank | Agency MBS and CMOs
Schedule of Available for Sale Securities [Abstract]
Cost basis	1,557,075	680,341
Gross unrealized gains	813	2,512
Gross unrealized losses	(10,309)	(556)
Fair value	1,547,579	682,297
RJ Bank | Non-agency CMOs
Schedule of Available for Sale Securities [Abstract]
Cost basis	35,153	53,427
Gross unrealized gains	0	9
Gross unrealized losses	(1,316)	(2,917)
Fair value	33,837	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	(23)	(158)
Fair value	1,552	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	2,270	14
Gross unrealized losses	(1,819)	(5,566)
Fair value	131,146	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	(1,777)	(2,358)
Fair value	25,728	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	2,256	0
Gross unrealized losses	(42)	(3,208)
Fair value	$ 105,418	$ 100,018

AVAILABLE FOR SALE SECURITIES66

AVAILABLE FOR SALE SECURITIES, Contractual Maturities (Details) $ in Thousands	Mar. 31, 2017USD ($)
Amortized cost
Within one year	$ 0
After one but within five years	55,577
After five but within ten years	410,323
After ten years	1,258,598
Total	1,724,498
Carry value
Within one year	0
After one but within five years	55,020
After five but within ten years	407,913
After ten years	1,251,181
Total	$ 1,714,114
Weighted-average yield
Within one year (in hundredths)	0.00%
After one but within five years (in hundredths)	1.78%
After five but within ten years (in hundredths)	1.80%
After ten years (in hundredths)	1.99%
Total (in hundredths)	1.94%
RJ Bank | Agency MBS and CMOs
Amortized cost
Within one year	$ 0
After one but within five years	55,577
After five but within ten years	410,323
After ten years	1,091,175
Total	1,557,075
Carry value
Within one year	0
After one but within five years	55,020
After five but within ten years	407,913
After ten years	1,084,646
Total	$ 1,547,579
Weighted-average yield
Within one year (in hundredths)	0.00%
After one but within five years (in hundredths)	1.78%
After five but within ten years (in hundredths)	1.80%
After ten years (in hundredths)	1.99%
Total (in hundredths)	1.94%
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	35,153
Total	35,153
Carry value
Within one year	0
After one but within five years	0
After five but within ten years	0
After ten years	33,837
Total	$ 33,837
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)	2.86%
Total (in hundredths)	2.86%
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	1,552
Total	$ 1,552
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	$ 0
After one but within five years	55,577
After five but within ten years	410,323
After ten years	1,127,903
Total	1,593,803
Carry value
Within one year	0
After one but within five years	55,020
After five but within ten years	407,913
After ten years	1,120,035
Total	$ 1,582,968
Weighted-average yield
Within one year (in hundredths)	0.00%
After one but within five years (in hundredths)	1.78%
After five but within ten years (in hundredths)	1.80%
After ten years (in hundredths)	2.02%
Total (in hundredths)	1.96%
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	25,728
Total	$ 25,728
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)	1.71%
Total (in hundredths)	1.71%
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	105,418
Total	$ 105,418
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)	1.71%
Total (in hundredths)	1.71%
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	131,146
Total	$ 131,146
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)	1.71%
Total (in hundredths)	1.71%

AVAILABLE FOR SALE SECURITIES67

AVAILABLE FOR SALE SECURITIES, Gross Unrealized Losses and Fair Value and Significant Assumptions (Details) $ in Thousands	Mar. 31, 2017USD ($)positionARS_Securitysecurities	Sep. 30, 2016USD ($)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Estimated fair value less than 12 months	$ 1,133,914	$ 326,246
Estimated fair value 12 months or more	81,147	84,725
Total estimated fair value	1,215,061	410,971
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Unrealized losses less than 12 months	(10,032)	(4,445)
Unrealized losses 12 months or more	(3,435)	(4,752)
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	$ (13,467)	(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	1
Auction rate securities
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Par value	$ 153,000
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	$ 1,130,874	208,880
Estimated fair value 12 months or more	21,830	28,893
Total estimated fair value	1,152,704	237,773
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Unrealized losses less than 12 months	(9,967)	(361)
Unrealized losses 12 months or more	(342)	(195)
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	$ (10,309)	(556)
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Number of securities in unrealized loss position | position	102
Number of securities in unrealized loss position greater than 12 months | position	3
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	$ 0	4,256
Estimated fair value 12 months or more	33,837	44,137
Total estimated fair value	33,837	48,393
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Unrealized losses less than 12 months	0	(21)
Unrealized losses 12 months or more	(1,316)	(2,896)
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	(1,316)	(2,917)
RJ Bank | Other securities
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Estimated fair value less than 12 months	1,552	1,417
Estimated fair value 12 months or more	0	0
Total estimated fair value	1,552	1,417
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Unrealized losses less than 12 months	(23)	(158)
Unrealized losses 12 months or more	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	(23)	(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	25,480	11,695
Total estimated fair value	25,480	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	(1,777)	(1,661)
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	(1,777)	(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	0	0
Total estimated fair value	1,488	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	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	$ (42)	$ (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		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
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	$ 5,754	$ 11,847	$ 8,107	$ 11,847
Decreases to the amount related to credit loss for securities sold during the period	0	0	(2,353)	0
Amount related to credit losses on securities we held at the end of the period	$ 5,754	$ 11,847	$ 5,754	$ 11,847

BANK LOANS, NET, Held for Sale

BANK LOANS, NET, Held for Sale and Held for Investment (Details) $ in Thousands	Mar. 31, 2017USD ($)segment	Sep. 30, 2016USD ($)
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	$ 208,315	$ 214,286
Loans held for investment:
Total loans held for investment	16,012,440	15,234,502
Net unearned income and deferred expenses	(39,832)	(40,675)
Total loans held for investment, net	15,972,608	15,193,827
Total loans held for sale and investment	16,180,923	15,408,113
Allowance for loan losses	(186,234)	(197,378)
Bank loans, net	$ 15,994,689	$ 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	$ 7,281,218	$ 7,470,373
C&I loans | Domestic
Loans held for investment:
Total loans held for investment	$ 6,099,750	$ 6,402,675
Associated percentage of each major loan category in loan portfolios [Abstract]
Loans held for investment (in hundredths)	38.00%	42.00%
C&I loans | Foreign
Loans held for investment:
Total loans held for investment	$ 1,181,468	$ 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	$ 119,815	$ 122,718
CRE construction loans | Domestic
Loans held for investment:
Total loans held for investment	$ 119,815	$ 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	$ 2,881,936	$ 2,554,071
CRE loans | Domestic
Loans held for investment:
Total loans held for investment	$ 2,464,727	$ 2,188,652
Associated percentage of each major loan category in loan portfolios [Abstract]
Loans held for investment (in hundredths)	15.00%	14.00%
CRE loans | Foreign
Loans held for investment:
Total loans held for investment	$ 417,209	$ 365,419
Associated percentage of each major loan category in loan portfolios [Abstract]
Loans held for investment (in hundredths)	3.00%	2.00%
Tax-exempt loans
Loans held for investment:
Total loans held for investment	$ 852,021	$ 740,944
Tax-exempt loans | Domestic
Loans held for investment:
Total loans held for investment	$ 852,021	$ 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	$ 2,813,148	$ 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	$ 2,848	$ 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	$ 2,061,454	$ 1,904,827
SBL | Domestic
Loans held for investment:
Total loans held for investment	$ 2,060,535	$ 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	$ 919	$ 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		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Loans held for sale
Payments for Origination and Purchases of Loans Held-for-sale [Abstract]
Loans held for sale originated or purchased	$ 315,000	$ 398,000	$ 837,000	$ 1,000,000
Proceeds from Sale of Loans Held-for-sale [Abstract]
Proceeds from sale of loans held-for-sale	85,000	85,000	235,000	171,000
Loans held for investment
Purchases and sales of loans held for investment by portfolio segment [Abstract]
Purchases	91,760	230,084	327,051	366,970
Sales	90,949	36,569	172,528	71,815
Loans held for investment | C&I loans
Purchases and sales of loans held for investment by portfolio segment [Abstract]
Purchases	83,003	91,256	197,652	149,107
Sales	90,949	36,569	172,528	71,815
Loans held for investment | CRE
Purchases and sales of loans held for investment by portfolio segment [Abstract]
Purchases	0	7,040	38,980	7,040
Sales	0	0	0	0
Loans held for investment | Residential mortgage loans
Purchases and sales of loans held for investment by portfolio segment [Abstract]
Purchases	8,757	131,788	90,419	210,823
Sales	$ 0	$ 0	$ 0	$ 0

BANK LOANS, NET, Analysis of Pa

BANK LOANS, NET, Analysis of Payment Status of Loans Held for Investment (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	$ 16,012,440	$ 15,234,502
Nonaccrual	46,304	81,207
Performing nonaccrual loans	20,000	54,000
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	1,306	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	1,306	1,766
Current and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	15,964,830	15,151,529
C&I loans
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	7,281,218	7,470,373
Nonaccrual	6,428	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	7,274,790	7,435,179
CRE construction loans
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	119,815	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	119,815	122,718
CRE loans
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	2,881,936	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	2,881,936	2,549,841
Tax-exempt loans
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	852,021	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	852,021	740,944
Residential - first mortgage loans
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	2,792,765	2,420,869
Nonaccrual	39,842	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	1,306	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	1,306	1,766
Residential - first mortgage loans | Current and accruing
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	2,751,617	2,377,357
Residential mortgage - home equity loans/lines
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	23,231	20,700
Nonaccrual	34	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	0	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	0	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	23,197	20,663
SBL
Analysis of payment status of loans held for investment [Abstract]
Total loans held for investment	2,061,454	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	2,061,454	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	$ 22,000	$ 21,000

BANK LOANS, NET, Summary of Imp

BANK LOANS, NET, Summary of Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016	Sep. 30, 2016
Gross recorded investment
Gross recorded investment, impaired loans with allowance for loan losses	$ 49,318		$ 49,318		$ 65,587
Gross recorded investment, impaired loans without allowance for loan losses	16,929		16,929		22,039
Gross recorded investment	66,247		66,247		87,626
Unpaid principal balance
Unpaid principal balance, impaired loans with allowance for loan losses	76,018		76,018		77,209
Unpaid principal balance, impaired loans without allowance for loan losses	25,623		25,623		38,097
Unpaid principal balance	101,641		101,641		115,306
Impaired loans with allowance for loan losses, allowance for losses	4,496		4,496		16,498
Loan and Lease Receivables, Impaired
Average impaired loan balance	68,607	$ 64,511	75,362	$ 66,711
Interest income recognized	350	334	669	707
C&I loans
Gross recorded investment
Gross recorded investment, impaired loans with allowance for loan losses	20,749		20,749		35,194
Unpaid principal balance
Unpaid principal balance, impaired loans with allowance for loan losses	38,147		38,147		35,872
Impaired loans with allowance for loan losses, allowance for losses	1,777		1,777		13,351
Loan and Lease Receivables, Impaired
Average impaired loan balance	23,060	7,258	27,934	8,882
Residential - first mortgage loans
Gross recorded investment
Gross recorded investment, impaired loans with allowance for loan losses	28,569		28,569		30,393
Gross recorded investment, impaired loans without allowance for loan losses	16,929		16,929		17,809
Unpaid principal balance
Unpaid principal balance, impaired loans with allowance for loan losses	37,871		37,871		41,337
Unpaid principal balance, impaired loans without allowance for loan losses	25,623		25,623		26,486
Impaired loans with allowance for loan losses, allowance for losses	2,719		2,719		3,147
Loan and Lease Receivables, Impaired
Impaired loan, troubled debt restructurings	28,000		28,000		28,000
Average impaired loan balance	45,547	52,713	46,040	53,223
Interest income recognized	350	334	669	707
CRE loans
Gross recorded investment
Gross recorded investment, impaired loans without allowance for loan losses	0		0		4,230
Unpaid principal balance
Unpaid principal balance, impaired loans without allowance for loan losses	0		0		11,611
Loan and Lease Receivables, Impaired
Impaired loan, troubled debt restructurings					$ 4,000
Average impaired loan balance	$ 0	$ 4,540	$ 1,388	$ 4,606

BANK LOANS, NET, Credit Quality

BANK LOANS, NET, Credit Quality of Held for Investment Loan Portfolio (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	$ 16,012,440	$ 15,234,502
Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	15,797,336	14,935,022
Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	48,334	128,577
Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	166,770	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	7,281,218	7,470,373
C&I loans | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	7,128,870	7,241,055
C&I loans | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	37,247	117,046
C&I loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	115,101	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	119,815	122,718
CRE construction loans | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	119,815	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	2,881,936	2,554,071
CRE loans | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	2,881,745	2,549,672
CRE loans | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	23	0
CRE loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	168	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	852,021	740,944
Tax-exempt loans | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	852,021	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	2,792,765	2,420,869
Residential – first mortgage loans | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	2,730,417	2,355,393
Residential – first mortgage loans | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	10,881	11,349
Residential – first mortgage loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	51,467	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	23,231	20,700
Home equity loans/lines | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	23,014	20,413
Home equity loans/lines | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	183	182
Home equity loans/lines | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	34	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	2,061,454	1,904,827
SBL | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	2,061,454	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		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Changes in the allowance for loan losses [Roll Forward]
Balance at beginning of period			$ 197,378	$ 172,257
(Benefit) provision for loan losses	$ 7,928	$ 9,629	6,888	23,539
Net (charge-offs)/recoveries:
Charge-offs			(23,258)	(2,610)
Recoveries			5,373	771
Net (charge-offs)/recoveries			(17,885)	(1,839)
Foreign exchange translation adjustment			(147)	263
Balance at end of period	186,234	194,220	186,234	194,220
Loans held for investment
Changes in the allowance for loan losses [Roll Forward]
Balance at beginning of period	197,680	185,459	197,378
(Benefit) provision for loan losses	7,928	9,629
Net (charge-offs)/recoveries:
Charge-offs	(19,782)	(1,796)
Recoveries	295	280
Net (charge-offs)/recoveries	(19,487)	(1,516)
Foreign exchange translation adjustment	113	648
Balance at end of period	186,234	194,220	186,234	194,220
Loans held for investment | C&I loans
Changes in the allowance for loan losses [Roll Forward]
Balance at beginning of period	132,905	128,721	137,701	117,623
(Benefit) provision for loan losses	4,984	9,590	3,741	21,175
Net (charge-offs)/recoveries:
Charge-offs	(19,304)	(1,427)	(22,693)	(1,694)
Recoveries	0	0	0	0
Net (charge-offs)/recoveries	(19,304)	(1,427)	(22,693)	(1,694)
Foreign exchange translation adjustment	75	415	(89)	195
Balance at end of period	118,660	137,299	118,660	137,299
Loans held for investment | CRE construction
Changes in the allowance for loan losses [Roll Forward]
Balance at beginning of period	2,103	2,635	1,614	2,707
(Benefit) provision for loan losses	(576)	(100)	5	(152)
Net (charge-offs)/recoveries:
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Net (charge-offs)/recoveries	0	0	0	0
Foreign exchange translation adjustment	0	18	(92)	(2)
Balance at end of period	1,527	2,553	1,527	2,553
Loans held for investment | CRE
Changes in the allowance for loan losses [Roll Forward]
Balance at beginning of period	39,532	31,304	36,533	30,486
(Benefit) provision for loan losses	4,589	1,149	2,579	2,112
Net (charge-offs)/recoveries:
Charge-offs	0	0	0	0
Recoveries	0	0	5,013	0
Net (charge-offs)/recoveries	0	0	5,013	0
Foreign exchange translation adjustment	38	215	34	70
Balance at end of period	44,159	32,668	44,159	32,668
Loans held for investment | Tax-exempt loans
Changes in the allowance for loan losses [Roll Forward]
Balance at beginning of period	4,493	7,119	4,100	5,949
(Benefit) provision for loan losses	(140)	(85)	253	1,085
Net (charge-offs)/recoveries:
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Net (charge-offs)/recoveries	0	0	0	0
Foreign exchange translation adjustment	0	0	0	0
Balance at end of period	4,353	7,034	4,353	7,034
Loans held for investment | Residential mortgage
Changes in the allowance for loan losses [Roll Forward]
Balance at beginning of period	13,639	12,265	12,664	12,526
(Benefit) provision for loan losses	(1,078)	(902)	(81)	(1,106)
Net (charge-offs)/recoveries:
Charge-offs	(478)	(369)	(565)	(916)
Recoveries	295	260	360	750
Net (charge-offs)/recoveries	(183)	(109)	(205)	(166)
Foreign exchange translation adjustment	0	0	0	0
Balance at end of period	12,378	11,254	12,378	11,254
Loans held for investment | SBL
Changes in the allowance for loan losses [Roll Forward]
Balance at beginning of period	5,008	3,415	4,766	2,966
(Benefit) provision for loan losses	149	(23)	391	425
Net (charge-offs)/recoveries:
Charge-offs	0	0	0	0
Recoveries	0	20		21
Net (charge-offs)/recoveries	0	20	0	21
Foreign exchange translation adjustment	0	0	0	0
Balance at end of period	$ 5,157	$ 3,412	$ 5,157	$ 3,412

BANK LOANS, NET, Allowance for

BANK LOANS, NET, Allowance for Loan Losses, Loans Individually and Collectively Evaluated for Impairment (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015
Allowance for loan losses:
Total allowance for loan losses	$ 186,234		$ 197,378	$ 194,220		$ 172,257
Recorded investment:
Total loans held for investment	16,012,440		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	7,281,218		7,470,373
CRE construction
Recorded investment:
Total loans held for investment	119,815		122,718
CRE
Recorded investment:
Total loans held for investment	2,881,936		2,554,071
Tax-exempt loans
Recorded investment:
Total loans held for investment	852,021		740,944
SBL
Recorded investment:
Total loans held for investment	2,061,454		1,904,827
Loans held for investment
Allowance for loan losses:
Individually evaluated for impairment	4,498		16,507
Collectively evaluated for impairment	181,736		180,871
Total allowance for loan losses	186,234	$ 197,680	197,378	194,220	$ 185,459
Recorded investment:
Individually evaluated for impairment	60,553		96,159
Collectively evaluated for impairment	15,951,887		15,138,343
Total loans held for investment	16,012,440		15,234,502
Loans held for investment | C&I loans
Allowance for loan losses:
Individually evaluated for impairment	1,777		13,351
Collectively evaluated for impairment	116,883		124,350
Total allowance for loan losses	118,660	132,905	137,701	137,299	128,721	117,623
Recorded investment:
Individually evaluated for impairment	6,428		35,194
Collectively evaluated for impairment	7,274,790		7,435,179
Total loans held for investment	7,281,218		7,470,373
Loans held for investment | CRE construction
Allowance for loan losses:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	1,527		1,614
Total allowance for loan losses	1,527	2,103	1,614	2,553	2,635	2,707
Recorded investment:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	119,815		122,718
Total loans held for investment	119,815		122,718
Loans held for investment | CRE
Allowance for loan losses:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	44,159		36,533
Total allowance for loan losses	44,159	39,532	36,533	32,668	31,304	30,486
Recorded investment:
Individually evaluated for impairment	0		4,230
Collectively evaluated for impairment	2,881,936		2,549,841
Total loans held for investment	2,881,936		2,554,071
Loans held for investment | Tax-exempt loans
Allowance for loan losses:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	4,353		4,100
Total allowance for loan losses	4,353	4,493	4,100	7,034	7,119	5,949
Recorded investment:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	852,021		740,944
Total loans held for investment	852,021		740,944
Loans held for investment | Residential mortgage
Allowance for loan losses:
Individually evaluated for impairment	2,721		3,156
Collectively evaluated for impairment	9,657		9,508
Total allowance for loan losses	12,378	13,639	12,664	11,254	12,265	12,526
Recorded investment:
Individually evaluated for impairment	54,125		56,735
Collectively evaluated for impairment	2,761,871		2,384,834
Total loans held for investment	2,815,996		2,441,569
Loans held for investment | SBL
Allowance for loan losses:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	5,157		4,766
Total allowance for loan losses	5,157	$ 5,008	4,766	$ 3,412	$ 3,415	$ 2,966
Recorded investment:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	2,061,454		1,904,827
Total loans held for investment	$ 2,061,454		$ 1,904,827

VARIABLE INTEREST ENTITIES (Det

VARIABLE INTEREST ENTITIES (Details)	Mar. 31, 2017investorFundaffiliate
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	Mar. 31, 2017USD ($)investorFund	Sep. 30, 2016USD ($)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	$ 112,975	$ 140,870
Aggregate liabilities	4,344	4,888
Guaranteed LIHTC fund - primary beneficiary
Variable interest entity, consolidated, aggregate assets and liabilities [Abstract]
Aggregate assets	53,456	63,415
Aggregate liabilities	$ 2,718	$ 2,556
Number of multiinvestor tax credit funds in which RJTCF is the managing member | Fund	1	1
Other LIHTC Funds
Variable interest entity, consolidated, aggregate assets and liabilities [Abstract]
Aggregate assets	$ 8,608
Aggregate liabilities	3,541
Restricted stock trust fund - primary beneficiary
Variable interest entity, consolidated, aggregate assets and liabilities [Abstract]
Aggregate assets	14,990	$ 9,949
Aggregate liabilities	14,990	9,949
Total VIEs - primary beneficiary
Variable interest entity, consolidated, aggregate assets and liabilities [Abstract]
Aggregate assets	190,029	214,234
Aggregate liabilities	$ 25,593	$ 17,393

VARIABLE INTEREST ENTITIES, P78

VARIABLE INTEREST ENTITIES, Primary Beneficiary - Carrying Value of Assets, Liabilities and Equity (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016	Mar. 31, 2016	Sep. 30, 2015
Assets:
Cash and cash equivalents	$ 2,636,326	$ 1,650,452	$ 1,479,786	$ 2,601,006
Assets segregated pursuant to regulations and other segregated assets	3,829,607	4,884,487
Receivables, other	645,845	610,417
Intercompany receivables	861,346	838,721
Total assets	32,928,731	31,486,976
Liabilities and Equity:
Trade and other payables	629,598	583,340
Total liabilities	27,600,514	26,424,000
RJF equity	5,207,748	4,916,545
Noncontrolling interests	120,469	146,431
Total equity	5,328,217	5,062,976	$ 4,783,394
Total liabilities and equity	32,928,731	31,486,976
Total VIEs - primary beneficiary
Assets:
Cash and cash equivalents	5,479	8,302
Assets segregated pursuant to regulations and other segregated assets	2,426	2,412
Receivables, other	340	28,463
Intercompany receivables	481
Other investments	106,675	103,632
Investments in real estate partnerships held by consolidated variable interest entities	59,639	61,004
Trust fund investment in RJF common stock	14,989	9,948
Total assets	190,029	213,761
Liabilities and Equity:
Trade and other payables	6,609	3,617
Intercompany payables	18,686	15,703
Total liabilities	25,295	19,320
RJF equity	40,926	40,729
Noncontrolling interests	123,808	153,712
Total equity	164,734	194,441
Total liabilities and equity	$ 190,029	$ 213,761

VARIABLE INTEREST ENTITIES, P79

VARIABLE INTEREST ENTITIES, Primary Beneficiary - Net Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Revenues:
Interest	$ 192,544	$ 161,638	$ 375,326	$ 304,110
Other	24,209	21,624	46,796	35,200
Total revenues	1,600,314	1,341,110	3,129,082	2,641,967
Non-interest expenses	1,402,334	1,117,893	2,687,621	2,221,978
Net income including noncontrolling interests	108,545	121,837	256,248	229,901
Net income attributable to noncontrolling interests	(4,210)	(4,010)	(3,074)	(2,275)
Net income attributable to Raymond James Financial, Inc.	112,755	125,847	259,322	232,176
Total VIEs - primary beneficiary
Revenues:
Interest	2	302	418	604
Other	190	555	2,432	1,044
Total revenues	192	857	2,850	1,648
Non-interest expenses	5,967	6,522	7,996	7,797
Net income including noncontrolling interests	(5,775)	(5,665)	(5,146)	(6,149)
Net income attributable to noncontrolling interests	(5,482)	(5,712)	(5,343)	(5,531)
Net income attributable to Raymond James Financial, Inc.	$ (293)	$ 47	$ 197	$ (618)

VARIABLE INTEREST ENTITIES, Not

VARIABLE INTEREST ENTITIES, Not the Primary Beneficiary - Aggregate Assets, Liabilities Exposure to Loss (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016
LIHTC funds - not primary beneficiary
Variable interest entity, nonconsolidated, carrying amount of assets and liabilities [Abstract]
Aggregate assets	$ 4,771,794	$ 4,217,812
Aggregate liabilities	1,778,932	1,429,085
Our risk of loss	103,429	83,562
NMTC funds - not primary beneficiary
Variable interest entity, nonconsolidated, carrying amount of assets and liabilities [Abstract]
Aggregate assets	30,231	65,338
Aggregate liabilities	87	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	11,677,061	14,286,950
Aggregate liabilities	132,058	132,334
Our risk of loss	74,942	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	140,609	144,579
Aggregate liabilities	73,974	83,174
Our risk of loss	3,259	2,240
Total VIEs - not primary beneficiary
Variable interest entity, nonconsolidated, carrying amount of assets and liabilities [Abstract]
Aggregate assets	16,619,695	18,714,679
Aggregate liabilities	1,985,051	1,644,661
Our risk of loss	$ 181,639	$ 156,150

GOODWILL AND IDENTIFIABLE INT81

GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS, Schedule of Goodwill and Net Identifiable Intangible Asset Balances (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 407,012	$ 406,497	$ 408,072	$ 313,005	$ 307,635	$ 307,635
Identifiable intangible assets, net	89,210		96,370
Total goodwill and identifiable intangible assets, net	$ 496,222		$ 504,442

GOODWILL AND IDENTIFIABLE INT82

GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS, Schedule of Goodwill (Details) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Goodwill [Roll Forward]
Goodwill as of beginning of period	$ 406,497,000	$ 307,635,000	$ 408,072,000	$ 307,635,000
Foreign currency translation	515,000	5,370,000	(1,060,000)	5,370,000
Impairment losses	0	0	0	0
Goodwill as of end of period	407,012,000	313,005,000	407,012,000	313,005,000
Private Client Group
Goodwill [Roll Forward]
Goodwill as of beginning of period	274,984,000	186,733,000	275,521,000	186,733,000
Foreign currency translation	219,000	2,622,000	(318,000)	2,622,000
Impairment losses	0	0	0	0
Goodwill as of end of period	275,203,000	189,355,000	275,203,000	189,355,000
Capital Markets
Goodwill [Roll Forward]
Goodwill as of beginning of period	131,513,000	120,902,000	132,551,000	120,902,000
Foreign currency translation	296,000	2,748,000	(742,000)	2,748,000
Impairment losses	0	0	0	0
Goodwill as of end of period	$ 131,809,000	$ 123,650,000	$ 131,809,000	$ 123,650,000

GOODWILL AND IDENTIFIABLE INT83

GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS, Quantitative Analysis of Goodwill (Details)	Dec. 31, 2016USD ($)$ / shares	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)	Mar. 31, 2017USD ($)reporting_unit	Mar. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Number of reporting units | reporting_unit				2
Goodwill impairment		$ 0	$ 0	$ 0	$ 0
Goodwill	$ 406,497,000	407,012,000	313,005,000	407,012,000	313,005,000	$ 408,072,000	$ 307,635,000	$ 307,635,000
Private Client Group
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Goodwill impairment		0	0	0	0
Goodwill	274,984,000	275,203,000	189,355,000	275,203,000	189,355,000	275,521,000	186,733,000	186,733,000
Capital Markets
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Goodwill impairment		0	0	0	0
Goodwill	131,513,000	$ 131,809,000	$ 123,650,000	$ 131,809,000	$ 123,650,000	$ 132,551,000	$ 120,902,000	$ 120,902,000
Raymond James Ltd | Private Client Group
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Goodwill	22,735,000
Raymond James Ltd | Capital Markets
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Goodwill	$ 18,997,000
Income Approach | Goodwill | Raymond James Ltd | Private Client Group
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value inputs, discount rate	14.50%
Fair value inputs, revenue multiple	1.2
Fair value inputs, earnings per share multiple | $ / shares	$ 12.9
Fair value inputs, weighted rate	75.00%
Income Approach | Goodwill | Raymond James Ltd | Capital Markets
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value inputs, discount rate	14.50%
Fair value inputs, revenue multiple	1.2
Fair value inputs, earnings per share multiple | $ / shares	$ 13.3
Fair value inputs, weighted rate	75.00%
Market Approach | Goodwill | Raymond James Ltd | Private Client Group
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value inputs, weighted rate	25.00%
Market Approach | Goodwill | Raymond James Ltd | Capital Markets
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value inputs, weighted rate	25.00%

GOODWILL AND IDENTIFIABLE INT84

GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS, Net Amortizable Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Finite-lived Intangible Assets [Roll Forward]
Net identifiable intangible assets as of beginning of period	$ 92,698	$ 66,772	$ 96,370	$ 69,327
Additions	76	87	207	160
Amortization expense	(3,646)	(2,363)	(7,321)	(4,771)
Foreign currency translation	82	(537)	(133)	(537)
Impairment losses	0	0	87	0
Other				(220)
Net identifiable intangible assets as of end of period	89,210	63,959	89,210	63,959
Private Client Group
Finite-lived Intangible Assets [Roll Forward]
Net identifiable intangible assets as of beginning of period	51,371	17,799	52,936	18,182
Additions	0	0	0	0
Amortization expense	(1,494)	(384)	(3,014)	(767)
Foreign currency translation	24	0	(21)	0
Impairment losses	0	0	0	0
Other				0
Net identifiable intangible assets as of end of period	49,901	17,415	49,901	17,415
Capital Markets
Finite-lived Intangible Assets [Roll Forward]
Net identifiable intangible assets as of beginning of period	26,334	31,211	27,937	32,532
Additions	0	0	0	0
Amortization expense	(1,562)	(1,319)	(3,127)	(2,640)
Foreign currency translation	5	0	(33)	0
Impairment losses	0	0	0	0
Other				0
Net identifiable intangible assets as of end of period	24,777	29,892	24,777	29,892
Asset Management
Finite-lived Intangible Assets [Roll Forward]
Net identifiable intangible assets as of beginning of period	13,471	16,301	14,101	17,137
Additions	0	0	0	0
Amortization expense	(500)	(565)	(998)	(1,181)
Foreign currency translation	53	(537)	(79)	(537)
Impairment losses	0	0	0	0
Other				(220)
Net identifiable intangible assets as of end of period	13,024	15,199	13,024	15,199
RJ Bank
Finite-lived Intangible Assets [Roll Forward]
Net identifiable intangible assets as of beginning of period	1,522	1,461	1,396	1,476
Additions	76	87	207	160
Amortization expense	(90)	(95)	(182)	(183)
Foreign currency translation	0	0	0	0
Impairment losses	0	0	87	0
Other				0
Net identifiable intangible assets as of end of period	$ 1,508	$ 1,453	$ 1,508	$ 1,453

GOODWILL AND IDENTIFIABLE INT85

GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS, Intangible Assets, by Type (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	$ 131,490	$ 131,546
Accumulated amortization	(42,280)	(35,176)
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	99,359	99,470
Accumulated amortization	(27,050)	(22,895)
Trade name
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	8,118	8,172
Accumulated amortization	(1,281)	(499)
Developed technology
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	12,630	12,630
Accumulated amortization	(11,543)	(10,280)
Intellectual property
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	509	516
Accumulated amortization	(98)	(73)
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	3,309	3,314
Accumulated amortization	(1,067)	(612)
Seller relationship agreements
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	5,300	5,300
Accumulated amortization	(485)	(69)
Mortgage servicing rights
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	2,265	2,144
Accumulated amortization	$ (756)	$ (748)

BANK DEPOSITS, Summary of Bank

BANK DEPOSITS, Summary of Bank Deposits (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016
Bank deposits:
NOW accounts	$ 5,848	$ 4,958
Demand deposits (non-interest-bearing)	19,239	7,264
Savings and money market accounts	16,067,972	13,935,089
Certificates of deposit	284,485	315,236
Total bank deposits	$ 16,377,544	$ 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)	0.08%	0.05%
Certificates of deposit, weighted-average rate (in hundredths)	1.52%	1.55%
Total bank deposits, weighted-average rate (in hundredths)	0.10%	0.08%
Affiliate bank deposits excluded from total bank deposits	$ 292,000	$ 353,000
RJF parent cash deposited with RJ Bank	282,000	$ 350,000
Time deposit amount that exceeds FDIC insurance limit	$ 20,000

BANK DEPOSITS, Schedule Maturit

BANK DEPOSITS, Schedule Maturities of Certificates of Deposit (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016
Scheduled maturities of certificates of deposit, denominations greater than or equal to $100,000 [Abstract]
Three months or less	$ 9,041	$ 14,252
Over three through six months	8,013	14,191
Over six through twelve months	2,696	15,452
Over one through two years	49,283	32,816
Over two through three years	48,911	43,730
Over three through four years	46,548	58,425
Over four through five years	22,071	26,173
Total	186,563	205,039
Scheduled maturities of certificates of deposit, denominations less than 100,000 [Abstract]
Three months or less	8,126	12,663
Over three through six months	5,507	9,750
Over six through twelve months	2,943	12,321
Over one through two years	18,401	11,060
Over two through three years	23,858	22,148
Over three through four years	26,313	28,863
Over four through five years	12,774	13,392
Total	$ 97,922	$ 110,197

BANK DEPOSITS, Summary of Inter

BANK DEPOSITS, Summary of Interest Expense on Deposits (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Interest expense on deposits [Abstract]
Certificates of deposit	$ 999	$ 1,406	$ 2,134	$ 2,854
Money market, savings and NOW accounts (1)	2,398	1,346	4,046	1,917
Total interest expense on deposits	$ 3,397	$ 2,752	$ 6,180	$ 4,771

OTHER BORROWINGS (Details)

OTHER BORROWINGS (Details) - USD ($)	6 Months Ended
	Mar. 31, 2017	Sep. 30, 2016	Aug. 31, 2015
Other Borrowings [Line Items]
Total other borrowings	$ 756,367,000	$ 608,658,000
Securities sold under agreements to repurchase	222,476,000	193,229,000
ClariVest Asset Management
Other Borrowings [Line Items]
Long-term line of credit	233,000	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%	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	$ 31,134,000	33,391,000
Stated interest rate	5.70%
Collateral amount	$ 43,000,000
Secured Debt
Other Borrowings [Line Items]
Long-term line of credit	50,000,000	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	1.30%

SENIOR NOTES PAYABLE, Schedule

SENIOR NOTES PAYABLE, Schedule of Senior Notes Payable (Details) - Senior Notes - USD ($) $ in Thousands	Mar. 31, 2017	Mar. 15, 2017	Sep. 30, 2016	Jul. 30, 2016	Mar. 31, 2012	Aug. 31, 2009
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,350,000		$ 1,700,000
Unaccreted discount	(1,515)		(1,601)
Unamortized debt issuance costs	(8,903)		(17,812)
Total senior notes payable	1,339,582		1,680,587
Senior Notes Due 2019
Debt Instrument [Line Items]
Long-term debt, gross	$ 300,000		$ 300,000
Stated interest rate	8.60%		8.60%			8.60%
Percentage of principal amount of notes redeemed (in hundredths)						100.00%
Senior Notes Due 2024
Debt Instrument [Line Items]
Long-term debt, gross	$ 250,000		$ 250,000
Stated interest rate	5.625%		5.625%		5.625%
Percentage of principal amount of notes redeemed (in hundredths)					100.00%
Senior Notes Due 2026
Debt Instrument [Line Items]
Long-term debt, gross	$ 500,000		$ 500,000
Stated interest rate	3.625%		3.625%	3.625%
Percentage of principal amount of notes redeemed (in hundredths)				100.00%
Senior Notes Due 2046
Debt Instrument [Line Items]
Long-term debt, gross	$ 300,000		$ 300,000
Stated interest rate	4.95%		4.95%	4.95%
Percentage of principal amount of notes redeemed (in hundredths)				100.00%
Senior Notes Due 2042
Debt Instrument [Line Items]
Long-term debt, gross	$ 0		$ 350,000
Stated interest rate	6.90%	6.90%	6.90%		6.90%

SENIOR NOTES PAYABLE, Narrative

SENIOR NOTES PAYABLE, Narrative (Details) - Senior Notes - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2017	Mar. 31, 2017	May 05, 2017	Mar. 15, 2017	Sep. 30, 2016	Jul. 30, 2016	Mar. 31, 2012	Aug. 31, 2009
Senior Notes Due 2019
Debt Instrument [Line Items]
Debt Instrument, face amount								$ 300,000,000
Stated interest rate	8.60%	8.60%			8.60%			8.60%
Percentage of principal amount of notes redeemed (in hundredths)								100.00%
Basis spread used to determine redemption price								0.50%
Senior Notes Due 2042
Debt Instrument [Line Items]
Debt Instrument, face amount				$ 350,000,000			$ 350,000,000
Stated interest rate	6.90%	6.90%		6.90%	6.90%		6.90%
Loss on extinguishment of debt, unamortized debt issuance costs	$ 8,000,000	$ 8,000,000
Senior Notes Due 2024
Debt Instrument [Line Items]
Debt Instrument, face amount							$ 250,000,000
Stated interest rate	5.625%	5.625%			5.625%		5.625%
Percentage of principal amount of notes redeemed (in hundredths)							100.00%
Basis spread used to determine redemption price							0.50%
Senior Notes Due 2026
Debt Instrument [Line Items]
Debt Instrument, face amount						$ 500,000,000
Stated interest rate	3.625%	3.625%			3.625%	3.625%
Percentage of principal amount of notes redeemed (in hundredths)						100.00%
Basis spread used to determine redemption price						0.35%
Senior Notes Due 2046
Debt Instrument [Line Items]
Debt Instrument, face amount						$ 300,000,000
Stated interest rate	4.95%	4.95%			4.95%	4.95%
Percentage of principal amount of notes redeemed (in hundredths)						100.00%
Basis spread used to determine redemption price						0.45%
Senior Notes Due 2046 | Subsequent Event
Debt Instrument [Line Items]
Debt Instrument, face amount			$ 500,000,000
Stated interest rate			4.95%

DERIVATIVE FINANCIAL INSTRUME92

DERIVATIVE FINANCIAL INSTRUMENTS (Details)	3 Months Ended		6 Months Ended
	Mar. 31, 2017USD ($)designated_hedge	Mar. 31, 2016USD ($)	Mar. 31, 2017USD ($)designated_hedge	Mar. 31, 2016USD ($)	Sep. 30, 2016USD ($)
Derivative [Line Items]
Receivable for uncollectible derivative transaction fee revenues	$ 5,000,000		$ 5,000,000		$ 7,000,000
Derivative asset, obligation to return cash (right to reclaim cash), offset	19,000,000		19,000,000		(33,000,000)
Derivative liability, right to reclaim cash (obligation to return cash), offset	9,000,000		9,000,000		$ 3,000,000
Maximum loss exposure on interest rate derivatives	23,000,000		23,000,000
RJ Bank
Derivative [Line Items]
Cash flow hedge gain (loss) to be reclassified within twelve months			$ (4,000,000)
Maximum length of time hedged in cash flow hedge			10 years
Forward foreign exchange contracts
Derivative [Line Items]
Hedge ineffectiveness	0	$ 0	$ 0	$ 0
Gain (loss) from components excluded from assessment of fair value hedge effectiveness	$ 0	$ 0	$ 0	$ 0
OTC derivatives
Derivative [Line Items]
Number of designated as fair value hedges | designated_hedge	0		0
Number of derivatives designated as cash flow hedges | designated_hedge	0		0
Derivative instruments associated with offsetting matched book positions
Derivative [Line Items]
Number of designated as fair value hedges | designated_hedge	0		0
Number of derivatives designated as cash flow hedges | designated_hedge	0		0

DERIVATIVE FINANCIAL INSTRUME93

DERIVATIVE FINANCIAL INSTRUMENTS, Balance Sheet Location (Details) € in Thousands, CAD in Thousands, $ in Thousands	Mar. 31, 2017USD ($)	Mar. 31, 2017CAD	Mar. 31, 2017EUR (€)	Sep. 30, 2016USD ($)	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		1,054,100			0
Derivative contracts	4,241			0
Designated as hedging instrument | Interest rate contract with denominated notional amount in USD | Trade and other payables
Liabilities derviatives [Abstract]
Notional amount	650,000			550,000
Derivative contracts	941			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		457,200			0
Derivative contracts	1,686			0
Derivatives not designated as hedging instruments | Interest rate contract with denominated notional amount in USD | Trading instruments
Derivative assets [Abstract]
Notional amount	2,066,707			2,036,233
Fair value	68,747			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	1,439,519			1,469,295
Fair value	285,898			422,196
Liabilities derviatives [Abstract]
Notional amount	1,439,519			1,469,295
Derivative contracts	285,898			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	2,864,319			1,997,100
Derivative contracts	89,066			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		135,558			121,715
Fair value	5,024			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 150,343			CAD 133,108
Derivative contracts	2,181			6,398
Derivatives not designated as hedging instruments | Foreign exchange forward with denominated notional amount in EURO | Prepaid expenses and other assets
Derivative assets [Abstract]
Notional amount | €			€ 42,000			€ 0
Fair value	276			0
Derivatives not designated as hedging instruments | DBRSU derivative
Liabilities derviatives [Abstract]
Derivative contracts	25,621			17,769
Derivatives not designated as hedging instruments | DBRSU derivative | Accrued compensation, commissions and benefits
Liabilities derviatives [Abstract]
Notional amount	25,621			17,769
Derivative contracts	$ 25,621			$ 17,769

DERIVATIVE FINANCIAL INSTRUME94

DERIVATIVE FINANCIAL INSTRUMENTS, Derivative Gain (Loss) Recognized in AOCI (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Total (losses) gains recognized in AOCI, net of taxes	$ (3,008)	$ (34,880)	$ 34,056	$ (19,378)
Forward foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Total (losses) gains recognized in AOCI, net of taxes	(4,539)	(23,411)	6,787	(11,174)
Interest rate contract
Derivative Instruments, Gain (Loss) [Line Items]
Total (losses) gains recognized in AOCI, net of taxes	$ 1,531	$ (11,469)	$ 27,269	$ (8,204)

DERIVATIVE FINANCIAL INSTRUME95

DERIVATIVE FINANCIAL INSTRUMENTS, Income Statement Location (Details) - Derivatives not designated as hedging instruments - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Net trading profit | Interest rate contract
Derivative Instruments, Gain (Loss) [Line Items]
Change in fair value of derivative liability	$ 1,965	$ 1,365	$ 4,194	$ 1,773
Other revenues | Interest rate contract
Derivative Instruments, Gain (Loss) [Line Items]
Change in fair value of derivative liability	21	23	(5)	46
Other revenues | Forward foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Change in fair value of derivative liability	(2,278)	(12,970)	5,636	(7,412)
Accrued compensation, commissions and benefits | DBRSU derivative
Derivative Instruments, Gain (Loss) [Line Items]
Change in fair value of derivative liability	1,256	0	(5,469)	0
Acquisition-related expenses | DBRSU derivative
Derivative Instruments, Gain (Loss) [Line Items]
Change in fair value of derivative liability	$ (2,733)	$ 0	$ (2,383)	$ 0

DERIVATIVE FINANCIAL INSTRUME96

DERIVATIVE FINANCIAL INSTRUMENTS, Risk (Details) $ in Millions	Mar. 31, 2017USD ($)agency	Sep. 30, 2016USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Debt, minimum number of agencies required to maintain an investment grade rating | agency	1
Net derivative liabilities with credit-risk-related contingent features	$ 5	$ 3
Derivative in liability position posted collateral	1	2
Derivative in liability position additional collateral posted if contingent features are triggered	$ 4	$ 1

DISCLOSURE OF OFFSETTING ASSE97

DISCLOSURE OF OFFSETTING ASSETS AND LIABILITIES, COLLATERAL, ENCUMBERED ASSETS, AND REPURCHASE AGREEMENTS, Offsetting (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016
Securities purchased under agreements to resell and other collateralized financings [Abstract]
Gross amounts of recognized assets	$ 535,224	$ 470,222
Gross amounts offset in the Statements of Financial Condition	0	0
Net amounts presented in the Statements of Financial Condition	535,224	470,222
Gross amounts not offset in the Statements of Financial Condition, financial instruments	(535,224)	(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	285,898	422,196
Derivative contracts	28,066	55,703
Stock borrowed [Abstract]
Gross amounts of recognized assets	132,049	170,860
Gross amounts offset in the Statement of Financial Condition	0	0
Net amounts presented in the Statement of Financial Condition	132,049	170,860
Gross amounts not offset in the Statement of Financial Condition, financial instruments	(128,496)	(167,169)
Gross amounts not offset in the Statement of Financial Condition, cash collateral (paid)	0	0
Net amount	3,553	3,691
Total assets [Abstract]
Gross amounts of recognized assets	1,027,218	1,228,536
Gross amounts offset in the Statement of Financial Condition	45,705	107,539
Net amounts presented in the Statement of Financial Condition	981,513	1,120,997
Gross amounts not offset in the Statement of Financial Condition, financial instruments	954,797	1,088,615
Gross amounts not offset in the Statement of Financial Condition, cash collateral (paid)	0	0
Net amount	26,716	32,382
Securities sold under agreements to repurchase [Abstract]
Gross amounts of recognized (liabilities)	(222,476)	(193,229)
Gross amounts offset in the Statement of Financial Condition	0	0
Net amounts presented in the Statement of Financial Condition	(222,476)	(193,229)
Gross amounts not offset in the Statement of Financial Condition, financial instruments	222,476	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	(285,898)	(422,196)
Net amounts presented in the Statement of Financial Condition	(56,032)	(8,835)
Stock loaned [Abstract]
Gross amounts of recognized (liabilities)	(403,542)	(677,761)
Gross amounts offset in the Statement of Financial Condition	0	0
Net amounts presented in the Statement of Financial Condition	(403,542)	(677,761)
Gross amounts not offset in the Statement of Financial Condition, financial instruments	389,464	664,870
Gross amounts not offset in the Statement of Financial Condition, cash collateral received (paid)	0	0
Net amount	(14,078)	(12,891)
Total liabilities [Abstract]
Gross amounts of recognized (liabilities)	1,035,652	1,489,320
Gross amounts offset in the Statement of Financial Condition	35,215	142,859
Net amounts presented in the Statements of Financial Condition	(1,000,437)	(1,346,461)
Gross amounts not offset in the Statement of Financial Condition, financial instruments	897,838	1,282,732
Gross amounts not offset in the Statement of Financial Condition, cash collateral received (paid)	0	26,671
Net amount	(102,599)	(37,058)
Securities purchased under agreements to resell collateral obligation to return securities	549,000	486,000
Securities sold under agreements to repurchase, fair value of collateral	229,000	200,000
Fair value of cash collateral deposited	25,000	20,000
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	285,898	422,196
Derivative liabilities [Abstract]
Derivative instruments associated with offsetting matched book positions	(285,898)	(422,196)
Derivatives not designated as hedging instruments | DBRSU derivative
Derivative liabilities [Abstract]
Gross amount of recognized (liabilities)	(25,621)	(17,769)
Gross amounts offset in the Statement of Financial Condition	0	0
Net amounts presented in the Statement of Financial Condition	(25,621)	(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	(25,621)	(17,769)
Derivatives not designated as hedging instruments | Derivative instruments associated with offsetting matched book positions
Derivative assets [Abstract]
Derivative contracts	285,898	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	(285,898)	(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)	(285,898)	(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	285,898	422,196
Gross amounts not offset in the Statement of Financial Condition, cash collateral received	0	0
Net amount	0
Over the counter | Derivatives not designated as hedging instruments | Interest rate contract
Derivative assets [Abstract]
Derivative contracts	73,771	163,242
Gross amounts offset in the Statements of Financial Condition	(45,705)	(107,539)
Derivative contracts	28,066	55,703
Derivative assets, Gross amounts not offset in the Statement of Financial Condition, financial instruments	(5,179)	(29,028)
Derivative assets, Gross amounts not offset in the Statement of Financial Condition, cash collateral (paid)	0	0
Net amount	22,887	26,675
Derivative liabilities [Abstract]
Gross amount of recognized (liabilities)	(91,247)	(151,694)
Gross amounts offset in the Statement of Financial Condition	35,215	142,859
Net amounts presented in the Statement of Financial Condition	(56,032)	(8,835)
Gross amounts not offset in the Statement of Financial Condition, financial instruments	0	2,437
Gross amounts not offset in the Statement of Financial Condition, cash collateral received	0	0
Net amount	(56,032)	(6,398)
RJ Bank | Forward foreign exchange contracts
Derivative assets [Abstract]
Derivative contracts	276	2,016
Gross amounts offset in the Statements of Financial Condition	0	0
Derivative contracts	276	2,016
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	276	2,016
Derivative liabilities [Abstract]
Gross amount of recognized (liabilities)	(5,927)
Gross amounts offset in the Statement of Financial Condition	0
Net amounts presented in the Statement of Financial Condition	(5,927)
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	(5,927)
RJ Bank | Designated as hedging instrument | Interest rate contract with denominated notional amount in USD
Derivative liabilities [Abstract]
Gross amount of recognized (liabilities)	(941)	(26,671)
Gross amounts offset in the Statement of Financial Condition	0	0
Net amounts presented in the Statement of Financial Condition	(941)	(26,671)
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	26,671
Net amount	(941)	0
Recurring
Derivative assets [Abstract]
Gross amounts offset in the Statements of Financial Condition	(45,705)	(107,539)
Derivative liabilities [Abstract]
Gross amounts offset in the Statement of Financial Condition	35,215	142,859
Recurring | Interest rate contract
Derivative assets [Abstract]
Gross amounts offset in the Statements of Financial Condition	(45,705)	(107,539)
Derivative instruments associated with offsetting matched book positions	285,898	422,196
Derivative contracts	28,066	55,703
Derivative liabilities [Abstract]
Gross amounts offset in the Statement of Financial Condition	35,215	142,859
Derivative instruments associated with offsetting matched book positions	(285,898)	(422,196)
Net amounts presented in the Statement of Financial Condition	(56,032)	(8,835)
Recurring | DBRSU derivative
Total liabilities [Abstract]
Other investments, fair value disclosures, share based compensation economic hedge	$ 19,000	$ 12,000

DISCLOSURE OF OFFSETTING ASSE98

DISCLOSURE OF OFFSETTING ASSETS AND LIABILITIES, COLLATERAL, ENCUMBERED ASSETS, AND REPURCHASE AGREEMENTS, Collateral (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016
Collateral Received that Can be Resold or Repledged [Abstract]
Collateral we received that is available to be delivered or repledged	$ 2,937,994	$ 2,925,335
Collateral that we delivered or repledged	1,191,877	1,536,393
Value of margin securities pledged to clearing organizations	255,000	389,000
Securities reserve deposit required and made	$ 224,000	$ 203,000

DISCLOSURE OF OFFSETTING ASSE99

DISCLOSURE OF OFFSETTING ASSETS AND LIABILITIES, COLLATERAL, ENCUMBERED ASSETS, AND REPURCHASE AGREEMENTS, Encumbered Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016
Financial instruments owned, at fair value, pledged to counterparties that:
Had the right to deliver or repledge	$ 617,310	$ 587,369
Did not have the right to deliver or repledge	50,115	25,200
Fair value of securities pledged with a clearing organization	44,000	19,000
Securities reserve deposit required and made	$ 224,000	$ 203,000

DISCLOSURE OF OFFSETTING ASS100

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	Mar. 31, 2017	Sep. 30, 2016
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	$ 222,476	$ 193,229
Total	626,018	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	626,018	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	114,147	99,056
Agency MBS and CMOs
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	108,329	94,173
Equity securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities loaned	403,542	677,761
Overnight and continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities sold under agreements to repurchase	222,476	185,226
Total	626,018	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	114,147	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	108,329	92,422
Overnight and continuous | Equity securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Securities loaned	403,542	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	6 Months Ended	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2017	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Effective income tax rate	31.90%	30.30%	33.90%
Effective income tax rate reconciliation, share-based compensation, excess tax benefit, percent		6.00%
Decrease in unrecognized tax benefits is reasonably possible	$ 2	$ 2

COMMITMENTS, CONTINGENCIES A102

COMMITMENTS, CONTINGENCIES AND GUARANTEES, Commitments and Contingencies (Details) $ in Millions	6 Months Ended
	Mar. 31, 2017USD ($)commitment
Fixed income underwriting commitment
Commitments [Line Items]
Number of open underwriting commitments | commitment	11
Unfunded loans not accepted by financial advisors and certain key revenue producers
Commitments [Line Items]
Amount of commitment	$ 108
Unfunded loans accepted by financial advisors and certain key revenue producers
Commitments [Line Items]
Amount of commitment	76
RJ Bank syndicated loans
Commitments [Line Items]
Purchased syndicated loans not yet settled	$ 53
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	$ 99
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	$ 783
Expected time of purchase (in days)	90 days
TBA securities
Commitments [Line Items]
Net asset (liability) fair value	$ 2
Estimated fair value of the purchase commitment asset (liability)	$ 2
The Producers Choice LLC | 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
Subsidiary of RJ Bank | Commitment to lend to RJTCF
Commitments [Line Items]
Amount of commitment	$ 62
Amount of commitments fulfilled	$ 58

COMMITMENTS, CONTINGENCIES A103

COMMITMENTS, CONTINGENCIES AND GUARANTEES, Guarantees (Details)	6 Months Ended
	Mar. 31, 2017USD ($)Fund	Sep. 30, 2016USD ($)
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
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	6 years
Mortgages | 5.70% mortgage notes payable on our headquarters office complex, due 2023
Guarantees [Abstract]
Senior notes payable	$ 31,134,000	$ 33,391,000

COMMITMENTS, CONTINGENCIES A104

COMMITMENTS, CONTINGENCIES AND GUARANTEES, Legal and Regulatory Matters Contingencies (Details)	6 Months Ended
	Mar. 31, 2017USD ($)civil_court_actionfinancial_advisor
Legal matter contingencies [Abstract]
Indemnification asset	$ 33,000,000
Indemnification agreement
Legal matter contingencies [Abstract]
Loss contingency accrual	33,000,000
Pending litigation | Various lawsuits
Legal matter contingencies [Abstract]
Range of loss portion not accrued	$ 50,000,000
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
Loss contingency, proposed settlement amount	$ 150,000,000
Loss contingency, lossses paid in previous settlement	4,500,000
Minimum | Indemnification agreement
Legal matter contingencies [Abstract]
Loss contingency, estimate of possible loss	12,000,000
Maximum | Indemnification agreement
Legal matter contingencies [Abstract]
Loss contingency, estimate of possible loss	$ 45,000,000

ACCUMULATED OTHER COMPREHENS105

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS), Schedule of Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Equity [Abstract]
Unrealized gain (loss) on available for sale securities and non-credit portion of other-than-temporary impairment losses	[1]	$ 1,952	$ 1,099	$ (2,194)	$ (5,692)
Net change in currency translations and net investment hedges, net of tax	[1]	2,223	10,714	3,224	4,099
Net change in cash flow hedges, net of tax	[1]	1,531	(11,469)	27,269	(8,204)
Net other comprehensive (loss) income for the period, net of tax		$ 5,706	$ 344	$ 28,299	$ (9,797)
[1]	All components of other comprehensive income (loss), net of tax, are attributable to Raymond James Financial, Inc.

ACCUMULATED OTHER COMPREHENS106

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS), Schedule of Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
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 (loss) income for the period, net of tax	$ 5,706	$ 344	28,299	$ (9,797)
Accumulated other comprehensive income (loss) as of the end of the period	5,207,748		5,207,748
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	(8,302)	(5,371)	(4,156)	1,420
Other comprehensive (loss) income before reclassifications and taxes	3,055	1,740	(3,803)	(9,112)
Amounts reclassified from accumulated other comprehensive income, before tax	94	53	82	53
Pre-tax net other comprehensive (loss) income	3,149	1,793	(3,721)	(9,059)
Income tax effect	(1,197)	(694)	1,527	3,367
Net other comprehensive (loss) income for the period, net of tax	1,952	1,099	(2,194)	(5,692)
Accumulated other comprehensive income (loss) as of the end of the period	(6,350)	(4,272)	(6,350)	(4,272)
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	97,808	105,440	86,482	93,203
Other comprehensive (loss) income before reclassifications and taxes	(7,253)	(37,416)	10,845	(17,860)
Amounts reclassified from accumulated other comprehensive income, before tax	0	0	0	0
Pre-tax net other comprehensive (loss) income	(7,253)	(37,416)	10,845	(17,860)
Income tax effect	2,714	14,005	(4,058)	6,686
Net other comprehensive (loss) income for the period, net of tax	(4,539)	(23,411)	6,787	(11,174)
Accumulated other comprehensive income (loss) as of the end of the period	93,269	82,029	93,269	82,029
Currency translations
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated other comprehensive income (loss) as of the beginning of the period	(131,901)	(149,328)	(121,576)	(130,476)
Other comprehensive (loss) income before reclassifications and taxes	7,151	36,031	(10,605)	16,154
Amounts reclassified from accumulated other comprehensive income, before tax	0	0	6,537	0
Pre-tax net other comprehensive (loss) income	7,151	36,031	(4,068)	16,154
Income tax effect	(389)	(1,906)	505	(881)
Net other comprehensive (loss) income for the period, net of tax	6,762	34,125	(3,563)	15,273
Accumulated other comprehensive income (loss) as of the end of the period	(125,139)	(115,203)	(125,139)	(115,203)
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	(34,093)	(43,888)	(35,094)	(37,273)
Other comprehensive (loss) income before reclassifications and taxes	(102)	(1,385)	240	(1,706)
Amounts reclassified from accumulated other comprehensive income, before tax	0	0	6,537	0
Pre-tax net other comprehensive (loss) income	(102)	(1,385)	6,777	(1,706)
Income tax effect	2,325	12,099	(3,553)	5,805
Net other comprehensive (loss) income for the period, net of tax	2,223	10,714	3,224	4,099
Accumulated other comprehensive income (loss) as of the end of the period	(31,870)	(33,174)	(31,870)	(33,174)
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	9,255	(1,385)	(16,483)	(4,650)
Other comprehensive (loss) income before reclassifications and taxes	970	(20,029)	40,911	(16,171)
Amounts reclassified from accumulated other comprehensive income, before tax	1,498	1,531	3,070	2,939
Pre-tax net other comprehensive (loss) income	2,468	(18,498)	43,981	(13,232)
Income tax effect	(937)	7,029	(16,712)	5,028
Net other comprehensive (loss) income for the period, net of tax	1,531	(11,469)	27,269	(8,204)
Accumulated other comprehensive income (loss) as of the end of the period	10,786	(12,854)	10,786	(12,854)
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	(33,140)	(50,644)	(55,733)	(40,503)
Other comprehensive (loss) income before reclassifications and taxes	3,923	(19,674)	37,348	(26,989)
Amounts reclassified from accumulated other comprehensive income, before tax	1,592	1,584	9,689	2,992
Pre-tax net other comprehensive (loss) income	5,515	(18,090)	47,037	(23,997)
Income tax effect	191	18,434	(18,738)	14,200
Net other comprehensive (loss) income for the period, net of tax	5,706	344	28,299	(9,797)
Accumulated other comprehensive income (loss) as of the end of the period	$ (27,434)	$ (50,300)	$ (27,434)	$ (50,300)

ACCUMULATED OTHER COMPREHENS107

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS), Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Other revenue	$ (24,209)	$ (21,624)	$ (46,796)	$ (35,200)
Interest expense	36,677	29,109	72,643	55,808
Other expense	163,337	44,723	245,311	87,527
Provision for income taxes	52,758	72,271	112,570	134,280
Net of tax	(112,755)	(125,847)	(259,322)	(232,176)
Cash flow hedges | Interest rate contract | Reclassification out of accumulated other comprehensive income
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	1,498	1,531	3,070	2,939
Currency translations | Reclassification out of accumulated other comprehensive income
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Other expense			6,537
Accumulated other comprehensive loss | Reclassification out of accumulated other comprehensive income
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Total before tax	1,592	1,584	9,689	2,992
Provision for income taxes	(605)	(602)	(3,681)	(1,137)
Net of tax	987	982	6,008	1,855
Auction rate securities | Available for sale securities | Reclassification out of accumulated other comprehensive income
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Other revenue		$ 53		$ 53
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	$ 94		$ 82

INTEREST INCOME AND INTEREST108

INTEREST INCOME AND INTEREST EXPENSE (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Interest income:
Margin balances	$ 20,312	$ 17,068	$ 40,293	$ 34,502
Assets segregated pursuant to regulations and other segregated assets	10,137	6,686	18,266	10,658
Bank loans, net of unearned income	137,786	123,370	273,311	230,971
Available for sale securities	5,675	1,921	9,075	3,572
Trading instruments	5,391	5,145	10,397	9,426
Stock loaned	3,914	2,212	6,646	4,127
Loans to financial advisors	3,269	2,011	6,577	3,910
Corporate cash and all other	6,060	3,225	10,761	6,944
Total interest income	192,544	161,638	375,326	304,110
Interest expense:
Brokerage client liabilities	852	635	1,528	862
Retail bank deposits	3,397	2,752	6,180	4,771
Trading instruments sold but not yet purchased	1,460	1,371	2,788	2,562
Stock borrowed	1,944	773	3,172	1,396
Borrowed funds	3,908	3,328	7,627	6,093
Senior notes	23,665	19,091	48,364	38,182
Other	1,451	1,159	2,984	1,942
Total interest expense	36,677	29,109	72,643	55,808
Net interest income	155,867	132,529	302,683	248,302
Subtract: provision for loan losses	(7,928)	(9,629)	(6,888)	(23,539)
Net interest income after provision for loan losses	$ 147,939	$ 122,900	$ 295,795	$ 224,763

SHARE-BASED COMPENSATION, Stock

SHARE-BASED COMPENSATION, Stock Option Awards (Details) $ / shares in Units, $ in Thousands	Mar. 31, 2017USD ($)plan$ / shares	Mar. 31, 2017USD ($)plan$ / sharesshares	Mar. 31, 2016USD ($)	Mar. 31, 2017USD ($)plan$ / sharesshares	Mar. 31, 2016USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share based compensation plans | plan	1	1		1
Employees and Independent Contractor Financial Advisors [Member] | Stock incentive plan 2012 | Employee and nonemployee stock option awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based expense		$ 3,196	$ 1,360	$ 7,372	$ 5,072
Income tax benefit related to share-based expense		$ 426	$ 0	971	$ 434
Employees | Stock incentive plan 2012 | Stock option awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Excess tax benefit (reduction of prior tax benefit) from share-based payments				$ 3,000
Stock options granted (in shares) | shares		5,000		223,800
Weighted-average grant date fair value per option (in dollars per share) | $ / shares		$ 22.06		$ 19.96
Nonvested awards, compensation cost not yet recognized	$ 18,688	$ 18,688		$ 18,688
Remaining weighted-average period (in years)				2 years 9 months 18 days
Independent contractor financial advisors | Stock incentive plan 2012 | Nonemployee stock option awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted (in shares) | shares		0		50,200
Weighted-average grant date fair value per option (in dollars per share) | $ / shares	$ 30.41
Nonvested awards, compensation cost not yet recognized	$ 2,947	$ 2,947		$ 2,947
Remaining weighted-average period (in years)				3 years 3 months 7 days

SHARE-BASED COMPENSATION, Restr

SHARE-BASED COMPENSATION, Restricted stock and restricted stock unit awards (Details) - Stock incentive plan 2012 - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Restricted stock and restricted stock units (RSU's)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based expense	$ 18,415,000	$ 16,911,000	$ 46,100,000	$ 34,820,000
Income tax benefit related to share-based expense	5,640,000	$ 6,006,000	15,689,000	$ 12,375,000
Excess tax benefit from share-based payments			18,000,000
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	0		5,000,000
Restricted stock units | Employees and directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested awards, compensation cost not yet recognized	$ 151,000,000		$ 151,000,000
Remaining weighted-average period (in years)			3 years 4 months 16 days
Restricted stock units | Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of restricted stock awards granted (in shares)	76,500		1,552,000
Weighted-average grant-date fair value of awards granted (in dollars per share)	$ 77.65		$ 72.16
Restricted stock units | Outside directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of restricted stock awards granted (in shares)	14,100		14,100
Weighted-average grant-date fair value of awards granted (in dollars per share)	$ 79.05		$ 79.05
Restricted stock units | Independent contractor financial advisors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-option equity instruments, outstanding, number (in shares)	0		0

SHARE-BASED COMPENSATION, Deuts

SHARE-BASED COMPENSATION, Deutsche Bank Restricted Stock Awards (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016	Sep. 30, 2016
U.S. Private Client Services of Deutsche WM | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Income tax benefit	$ 1,028		$ 3,948
Prepaid compensation expense	$ 12,000		$ 12,000
Estimated weighted-average fair value per common share (usd per share)	$ 17.16		$ 17.16
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	$ 1,238		$ 2,778
Change in fair value of derivative liability	(1,477)		7,852
Net expense before tax	(239)		$ 10,630
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			2 years 6 months 4 days
Derivatives not designated as hedging instruments | DBRSU derivative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Derivative contract liability, gross	25,621		$ 25,621		$ 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	(1,256)	$ 0	5,469	$ 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	$ 25,621		$ 25,621		$ 17,769

REGULATIONS AND CAPITAL REQU112

REGULATIONS AND CAPITAL REQUIREMENTS (Details) CAD in Thousands, $ in Thousands	Jan. 01, 2016	Mar. 31, 2017USD ($)	Mar. 31, 2017CAD	Sep. 30, 2016USD ($)	Sep. 30, 2016CAD
Capital Required for Capital Adequacy Ratio, Capital Conservation Buffer [Abstract]
Annual increases (in hundredths)	0.625%
Maximum (in hundredths)	2.50%
Raymond James Financial Inc
Capital Required for Capital Adequacy Ratio, Capital Conservation Buffer [Abstract]
Actual (in hundredths)		14.70%
Buffer required (in hundredths)		1.25%
Common equity Tier 1 capital
Actual, amount		$ 4,699,214		$ 4,421,956
Actual, ratio (in hundredths)		21.80%	21.80%	20.60%	20.60%
Requirement for capital adequacy purposes, amount		$ 971,040		$ 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		$ 1,402,613		$ 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		$ 4,699,214		$ 4,421,956
Actual, ratio (in hundredths)		21.80%	21.80%	20.60%	20.60%
Requirement for capital adequacy purposes, amount		$ 1,294,720		$ 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		$ 1,726,293		$ 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		$ 4,903,625		$ 4,636,009
Actual, ratio (in hundredths)		22.70%	22.70%	21.60%	21.60%
Requirement for capital adequacy purposes, amount		$ 1,726,293		$ 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		$ 2,157,866		$ 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		$ 4,699,214		$ 4,421,956
Actual, ratio (in hundredths)		14.50%	14.50%	15.00%	15.00%
Requirement for capital adequacy purposes, amount		$ 1,295,023		$ 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		$ 1,618,779		$ 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%
Buffer required (in hundredths)		1.25%
Common equity Tier 1 capital
Actual, amount		$ 1,728,983		$ 1,675,890
Actual, ratio (in hundredths)		12.40%	12.40%	12.70%	12.70%
Requirement for capital adequacy purposes, amount		$ 627,107		$ 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		$ 905,821		$ 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		$ 1,728,983		$ 1,675,890
Actual, ratio (in hundredths)		12.40%	12.40%	12.70%	12.70%
Requirement for capital adequacy purposes, amount		$ 836,142		$ 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		$ 1,114,856		$ 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		$ 1,903,444		$ 1,841,112
Actual, ratio (in hundredths)		13.70%	13.70%	14.00%	14.00%
Requirement for capital adequacy purposes, amount		$ 1,114,856		$ 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		$ 1,393,570		$ 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		$ 1,728,983		$ 1,675,890
Actual, ratio (in hundredths)		9.30%	9.30%	9.90%	9.90%
Requirement for capital adequacy purposes, amount		$ 741,617		$ 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		$ 927,022		$ 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)		18.14%	18.14%	19.61%	19.61%
Net capital		$ 476,182		$ 512,594
Less: required net capital		(52,497)		(52,287)
Excess net capital		423,685		460,307
Raymond James Financial Services Inc
Alternative Method Elected [Abstract]
Net capital		26,012		27,013
Less: required net capital		(250)		(250)
Excess net capital		$ 25,762		$ 26,763
Raymond James Ltd
Risk adjusted capital of Canadian broker-dealer subsidiary [Abstract]
Risk adjusted capital before minimum | CAD			CAD 84,369		CAD 77,110
Less: required minimum capital | CAD			(250)		(250)
Risk adjusted capital | CAD			CAD 84,119		CAD 76,860

FINANCIAL INSTRUMENTS WITH O113

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Details) - Mar. 31, 2017 $ in Thousands, CAD in Millions	USD ($)	CAD
Schedule of Off-Balance Sheet Risks [Line Items]
Standby letters of credit	$ 35,736
Open-end consumer lines of credit (primarily SBL)	4,393,523
Commercial lines of credit	1,667,960
Unfunded loan commitments	$ 426,213
Forward foreign exchange contracts | Canada, Dollars
Schedule of Off-Balance Sheet Risks [Line Items]
Notional amount of foreign currency derivative purchase contracts | CAD		CAD 9
Notional amount of foreign currency derivative sale contracts | CAD		CAD 10

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Income for basic earnings per common share:
Net income attributable to RJF	$ 112,755	$ 125,847	$ 259,322	$ 232,176
Less allocation of earnings and dividends to participating securities	(262)	(313)	(576)	(549)
Net income attributable to RJF common shareholders	112,493	125,534	258,746	231,627
Income for diluted earnings per common share:
Net income attributable to RJF	112,755	125,847	259,322	232,176
Less allocation of earnings and dividends to participating securities	(258)	(309)	(566)	(541)
Net income attributable to RJF common shareholders	$ 112,497	$ 125,538	$ 258,756	$ 231,635
Common shares:
Average common shares in basic computation (in shares)	143,367	141,472	142,732	142,273
Dilutive effect of outstanding stock options and certain restricted stock units (in shares)	3,412	2,540	3,387	2,774
Average common shares used in diluted computation (in shares)	146,779	144,012	146,119	145,047
Earnings per common share:
Basic (in dollars per share)	$ 0.78	$ 0.89	$ 1.81	$ 1.63
Diluted (in dollars per share)	$ 0.77	$ 0.87	$ 1.77	$ 1.60
Stock options and certain restricted stock units excluded from weighted-average diluted common shares because their effect would be antidilutive (in shares)	408	3,234	1,652	3,270
Participating securities [Abstract]
Participating securities (in shares)	342	362	326	350
Dividends per common share declared and paid: [Abstract]
Dividends per common share - declared (in dollars per share)	$ 0.22	$ 0.20	$ 0.44	$ 0.40
Dividends per common share - paid (in dollars per share)	$ 0.22	$ 0.20	$ 0.42	$ 0.38

SEGMENT INFORMATION, Informatio

SEGMENT INFORMATION, Information Concerning Operations (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)	Mar. 31, 2017USD ($)segment	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment			5
Revenues:
Total revenues	$ 1,600,314	$ 1,341,110	$ 3,129,082	$ 2,641,967
Pre-tax income excluding noncontrolling interests
Pre-tax income excluding noncontrolling interests	165,513	198,118	371,892	366,456
Net loss attributable to noncontrolling interests	(4,210)	(4,010)	(3,074)	(2,275)
Income including noncontrolling interests and before provision for income taxes	161,303	194,108	368,818	364,181
Net interest income (expense):
Net interest income	155,867	132,529	302,683	248,302
Total assets:
Total assets	32,928,731		32,928,731			$ 31,486,976
Goodwill:
Goodwill	407,012	313,005	407,012	313,005	$ 406,497	408,072	$ 307,635	$ 307,635
Private Client Group
Goodwill:
Goodwill	275,203	189,355	275,203	189,355	274,984	275,521	186,733	186,733
Capital Markets
Goodwill:
Goodwill	131,809	123,650	131,809	123,650	$ 131,513	132,551	$ 120,902	$ 120,902
Operating segments | Private Client Group
Revenues:
Total revenues	1,088,561	883,019	2,131,877	1,757,464
Pre-tax income excluding noncontrolling interests
Pre-tax income excluding noncontrolling interests	29,372	83,232	102,730	152,372
Net interest income (expense):
Net interest income	33,671	24,572	64,058	47,498
Total assets:
Total assets	9,410,613		9,410,613			10,317,681
Goodwill:
Goodwill	275,000		275,000			276,000
Operating segments | Capital Markets
Revenues:
Total revenues	260,480	241,319	497,462	470,297
Pre-tax income excluding noncontrolling interests
Pre-tax income excluding noncontrolling interests	41,251	28,087	62,695	53,255
Net interest income (expense):
Net interest income	2,166	2,697	4,674	5,673
Total assets:
Total assets	3,053,270		3,053,270			2,957,319
Goodwill:
Goodwill	132,000		132,000			133,000
Operating segments | Asset Management
Revenues:
Total revenues	116,520	96,842	230,616	197,080
Pre-tax income excluding noncontrolling interests
Pre-tax income excluding noncontrolling interests	37,797	31,123	79,706	64,489
Net interest income (expense):
Net interest income	72	(12)	135	88
Total assets:
Total assets	133,314		133,314			133,190
Operating segments | RJ Bank
Revenues:
Total revenues	148,697	131,312	293,214	244,038
Pre-tax income excluding noncontrolling interests
Pre-tax income excluding noncontrolling interests	91,911	85,134	196,032	150,999
Net interest income (expense):
Net interest income	138,511	121,297	272,783	227,485
Total assets:
Total assets	18,870,714		18,870,714			16,613,391
Operating segments | Other
Revenues:
Total revenues	16,009	9,872	31,468	14,272
Pre-tax income excluding noncontrolling interests
Pre-tax income excluding noncontrolling interests	(34,818)	(29,458)	(69,271)	(54,659)
Net interest income (expense):
Net interest income	(18,553)	(16,025)	(38,967)	(32,442)
Total assets:
Total assets	1,460,820		1,460,820			$ 1,465,395
Intersegment eliminations
Revenues:
Total revenues	$ (29,953)	$ (21,254)	$ (55,555)	$ (41,184)

SEGMENT INFORMATION, Classified

SEGMENT INFORMATION, Classified by Major Geographic Areas (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Revenues:
Total revenues	$ 1,600,314	$ 1,341,110	$ 3,129,082	$ 2,641,967
Pre-tax income excluding noncontrolling interests
Pre-tax income excluding noncontrolling interests	165,513	198,118	371,892	366,456
Total assets:
Total assets	32,928,731		32,928,731			$ 31,486,976
Goodwill:
Goodwill	407,012	313,005	407,012	313,005	$ 406,497	408,072	$ 307,635	$ 307,635
United States
Revenues:
Total revenues	1,478,278	1,244,802	2,894,559	2,449,052
Pre-tax income excluding noncontrolling interests
Pre-tax income excluding noncontrolling interests	156,605	191,210	370,810	353,069
Total assets:
Total assets	30,378,029		30,378,029			29,112,182
Goodwill:
Goodwill	356,000		356,000			356,000
Canada
Revenues:
Total revenues	92,186	62,466	177,031	124,315
Pre-tax income excluding noncontrolling interests
Pre-tax income excluding noncontrolling interests	6,362	4,124	4,825	9,194
Total assets:
Total assets	2,469,569		2,469,569			2,275,056
Goodwill:
Goodwill	42,000		42,000			43,000
Europe
Revenues:
Total revenues	30,256	21,382	53,226	44,915
Pre-tax income excluding noncontrolling interests
Pre-tax income excluding noncontrolling interests	2,101	(897)	(587)	(1,343)
Total assets:
Total assets	60,170		60,170			61,067
Goodwill:
Goodwill	9,000		9,000			9,000
Other
Revenues:
Total revenues	(406)	12,460	4,266	23,685
Pre-tax income excluding noncontrolling interests
Pre-tax income excluding noncontrolling interests	445	$ 3,681	(3,156)	$ 5,536
Total assets:
Total assets	$ 20,963		$ 20,963			$ 38,671