DERIVATIVE INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2011

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The location and fair value of the Company’s interest rate swaps reported in the Consolidated Statements of Financial Condition as of June 30, 2011 are as follows:

	Location on Consolidated Statements of Financial Condition	Notional Amount		Net Estimated Fair Value/Carrying Value
	(dollars in thousands)
June 30, 2011	Assets	$	-	$	-
June 30, 2011	Liabilities	$	35,525,230	$	(1,035,215	)
December 31, 2010	Assets	$	200,000	$	2,561
December 31, 2010	Liabilities	$	26,882,460	$	(754,439	)

Schedule of Derivative Instruments in Statement of Operations and Comprehensive Income [Text Block]

The effect of the Company’s interest rate swaps on the Consolidated Statements of Operations and Comprehensive Income is as follows:

	Location on Consolidated Statements of Operations and Comprehensive Income
	Realized Gains (Loss) Recognized on Interest Rate Swaps*			Unrealized Gains (Losses) on Interest Rate Swaps
	(dollars in thousands)
For the Quarter Ended June 30, 2011		($216,760	)		($466,943	)
For the Quarter Ended June 30, 2010		($175,535	)		($593,038	)
For the Six Months Ended June 30, 2011		($422,908	)		($297,635	)
For the Six Months Ended June 30, 2010		($356,373	)		($709,770	)

* Net interest payments on interest rate swaps is presented in the Company’s consolidated statement of operations as realized gains (losses) on interest rate swaps.