Current report filing

Schedule of Change in Fair Value of Level 3 Investments (Details)

v2.4.0.8
Schedule of Change in Fair Value of Level 3 Investments (Details) (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Transfers In    [1],[2]  
Transfers Out    [1],[2]  
Proceeds from sales    [1]  
Level3A | CMBS Conduit
    
Balance, Beginning 816,283 840,227
Transfers In 6,056 [3] 41,158 [3]
Transfers Out (28,467) [3] (88,464) [3]
CDO V Deconsolidation   (59,970)
CDO X Deconsolidation (634,036)  
Included in net income (C) 1,190 [4],[5] 42,597 [4],[5]
Included in other comprehensive income (loss) 32,373 [4] (106,500) [4]
Amortization included in interest income 24,845 23,878
Purchases 71,968 313,857
Proceeds from sales (24,551) (139,387)
Proceeds from repayments (40,086) (51,113)
Balance, Ending 225,575 816,283
Level3A | CMBS Other
    
Balance, Beginning 132,435 331,904
Transfers In 21,823 [3] 25,000 [3]
Transfers Out (14,105) [3] (24,826) [3]
CDO V Deconsolidation   (55,838)
CDO X Deconsolidation (40,172)  
Included in net income (C)    [4],[5] 579 [4],[5]
Included in other comprehensive income (loss) 11,490 [4] 38,583 [4]
Amortization included in interest income 1,410 5,883
Purchases    27,262
Proceeds from sales    (54,885)
Proceeds from repayments (8,430) (161,227)
Balance, Ending 104,451 132,435
Level3A | ABS Subprime
    
Balance, Beginning 66,141 83,582
Transfers In 28,048 [3] 19,950 [3]
Transfers Out (11,057) [3] (15,031) [3]
CDO V Deconsolidation   (5,107)
CDO X Deconsolidation (70,607)  
Included in net income (C) (8) [4],[5] (23) [4],[5]
Included in other comprehensive income (loss) 26,159 [4] (9,158) [4]
Amortization included in interest income 10,805 5,210
Purchases 315,475 29,359
Proceeds from sales    (6,573)
Proceeds from repayments (34,935) (36,068)
Balance, Ending 330,021 66,141
Level3A | ABS Other
    
Balance, Beginning 31,188 36,193
Transfers In    [3] 718 [3]
Transfers Out (5) [3] (7,548) [3]
CDO V Deconsolidation     
CDO X Deconsolidation (25,883)  
Included in net income (C)    [4],[5] (113) [4],[5]
Included in other comprehensive income (loss) (629) [4] (716) [4]
Amortization included in interest income (11) 338
Purchases    7,548
Proceeds from sales      
Proceeds from repayments (3,862) (5,232)
Balance, Ending 798 31,188
Level3A | Equity/Other Securities
    
Balance, Beginning 52,047   
Transfers In   2,641 [3]
Transfers Out    [3] (2,475) [3]
CDO V Deconsolidation     
CDO X Deconsolidation     
Included in net income (C)    [4],[5]    [4],[5]
Included in other comprehensive income (loss) 12,823 [4] (11,461) [4]
Amortization included in interest income 5,211 3,376
Purchases    69,308
Proceeds from sales      
Proceeds from repayments (5,054) (9,342)
Balance, Ending 65,027 52,047
Level3A | Total Investments
    
Balance, Beginning 1,098,094 1,291,906
Transfers In 55,927 [3] 89,467 [3]
Transfers Out (53,634) [3] (138,344) [3]
CDO V Deconsolidation   (120,915)
CDO X Deconsolidation (770,698)  
Included in net income (C) 1,182 [4],[5] 43,040 [4],[5]
Included in other comprehensive income (loss) 82,216 [4] (89,252) [4]
Amortization included in interest income 42,260 38,685
Purchases 387,443 447,334
Proceeds from sales (24,551) (200,845)
Proceeds from repayments (92,367) (262,982)
Balance, Ending 725,872 1,098,094
Level3B | CMBS Conduit
    
Balance, Beginning 140,622 107,457
Transfers In 28,467 [3] 88,464 [3]
Transfers Out (6,056) [3] (41,158) [3]
CDO V Deconsolidation   (32,289)
CDO X Deconsolidation (133,624)  
Included in net income (C) (6,137) [4],[5] 7,972 [4],[5]
Included in other comprehensive income (loss) (9,836) [4] 32,374 [4]
Amortization included in interest income 8,693 17,055
Purchases 44,119 13,634
Proceeds from sales (18,708) (27,400)
Proceeds from repayments (18,346) (25,487)
Balance, Ending 29,194 140,622
Level3B | CMBS Other
    
Balance, Beginning 39,478 21,146
Transfers In 14,105 [3] 24,826 [3]
Transfers Out (21,823) [3] (25,000) [3]
CDO V Deconsolidation   (1,908)
CDO X Deconsolidation     
Included in net income (C) (396) [4],[5] 722 [4],[5]
Included in other comprehensive income (loss) 1,025 [4] 1,743 [4]
Amortization included in interest income 367 163
Purchases    25,000
Proceeds from sales    (721)
Proceeds from repayments (15,585) (6,493)
Balance, Ending 17,171 39,478
Level3B | ABS Subprime
    
Balance, Beginning 62,481 94,424
Transfers In 11,057 [3] 15,031 [3]
Transfers Out (28,048) [3] (19,950) [3]
CDO V Deconsolidation   (14,568)
CDO X Deconsolidation (16,097)  
Included in net income (C) 836 [4],[5] (1,332) [4],[5]
Included in other comprehensive income (loss) 2,414 [4] 3,766 [4]
Amortization included in interest income 6,886 8,796
Purchases    25
Proceeds from sales (3,295) (8,624)
Proceeds from repayments (10,280) (15,087)
Balance, Ending 25,954 62,481
Level3B | ABS Other
    
Balance, Beginning 6,919 8,985
Transfers In 5 [3] 7,548 [3]
Transfers Out    [3] (718) [3]
CDO V Deconsolidation   (3,833)
CDO X Deconsolidation (291)  
Included in net income (C) (4,092) [4],[5] (287) [4],[5]
Included in other comprehensive income (loss) 2,368 [4] (3,200) [4]
Amortization included in interest income 299 911
Purchases      
Proceeds from sales (3,743) (348)
Proceeds from repayments (788) (2,139)
Balance, Ending 677 6,919
Level3B | Equity/Other Securities
    
Balance, Beginning 3,939 4,282
Transfers In   2,475 [3]
Transfers Out    [3] (2,641) [3]
CDO V Deconsolidation     
CDO X Deconsolidation     
Included in net income (C)    [4],[5] 2,273 [4],[5]
Included in other comprehensive income (loss) 2,302 [4] (3,346) [4]
Amortization included in interest income 446 617
Purchases    10,192
Proceeds from sales    (3,884)
Proceeds from repayments (689) (6,029)
Balance, Ending 5,998 3,939
Level3B | Total Investments
    
Balance, Beginning 253,439 236,294
Transfers In 53,634 [3] 138,344 [3]
Transfers Out (55,927) [3] (89,467) [3]
CDO V Deconsolidation   (52,598)
CDO X Deconsolidation (150,012)  
Included in net income (C) (9,789) [4],[5] 9,348 [4],[5]
Included in other comprehensive income (loss) (1,727) [4] 31,337 [4]
Amortization included in interest income 16,691 27,542
Purchases 44,119 48,851
Proceeds from sales (25,746) (40,977)
Proceeds from repayments (45,688) (55,235)
Balance, Ending $ 78,994 $ 253,439
[1] (A) Includes the recapture agreement for each respective pool.
[2] (B) Transfers are assumed to occur at the beginning of the quarter.
[3] (A) Transfers are assumed to occur at the beginning of the quarter. CDO V was deconsolidated on June 17, 2011 and CDO X was deconsolidated on September 12, 2012.
[4] (B) None of the gains (losses) recorded in earnings during the periods is attributable to the change in unrealized gains (losses) relating to Level 3 assets still held at the reporting dates.
[5] (C) These gains (losses) are recorded in the following line items in the consolidated statements of income (See table Schedule of Gains Losses on Fair Value of RE Securities).