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sponsored investment product may be finite or indefinite, and the discount rate could be affected by credit,liquidity or other risks factors. In addition, third-party purchases and redemptions, which are outside of ourcontrol, need to be evaluated to determine whether they cause a reconsideration event.Based on our evaluation, we believe we were not the primary beneficiary of VIEs and, as a result, didnot consolidate these entities as of and for fiscal year 2009. While we believe that our evaluation wasappropriate, future changes in estimates, judgments, and assumptions may affect whether certain relatedentities require consolidation in our financial statements.Banking/Finance Segment Interest Income and Margin AnalysisThe following table presents the banking/finance operating segment’s net interest income and margin:(in millions)as of and for the fiscal years endedSeptember 30,AverageBalance2009 2008 2007InterestAverageRateAverageBalanceInterestAverageRateAverageBalanceInterestAverageRateFederal funds sold andsecurities purchased underagreements to resell ....... $ 16.9 $ 0.1 0.59% $ 147.2 $ 5.3 3.60% $230.2 $12.3 5.34%Investment securities,trading .................. 92.9 6.4 6.89% 63.1 4.7 7.45% — — —Investment securities,available-for-sale 1 ......... 414.2 13.2 3.19% 261.3 13.1 5.01% 146.6 9.4 6.41%Loans to banking clients 2 ..... 357.6 19.5 5.45% 629.2 40.4 6.42% 455.5 37.3 8.19%Total earning assets ...... $881.6 $39.2 4.45% $1,100.8 $63.5 5.77% $832.3 $59.0 7.09%Interest-bearing deposits ...... $516.1 $ 6.2 1.20% $ 389.5 $ 9.0 2.31% $371.5 $14.2 3.82%Federal funds purchased andsecurities sold underagreements to repurchase . . . 1.4 — 2.08% 4.5 0.1 2.22% 2.7 0.1 3.70%Variable funding notes ....... 4.3 0.3 6.98% 251.4 10.5 4.18% 149.6 9.6 6.42%FHLB advances ............ 93.5 2.3 2.46% 48.0 1.3 2.71% — — —Total interest-bearingliabilities ............ $615.3 $ 8.8 1.43% $ 693.4 $20.9 3.01% $523.8 $23.9 4.56%Net interest income andmargin ................. $30.4 3.45% $42.6 3.87% $35.1 4.22%1 Average rates on investment securities, available-for-sale are calculated using the cost basis of the investment.2 Non-accrual loans are included in the average loans receivable balance.59