AGENCY DEBENTURES	12 Months Ended
Dec. 31, 2011
AGENCY DEBENTURES	3. AGENCY DEBENTURES At December 31, 2011, the Company owned Agency debentures with a carrying value of $889.6 million, including an unrealized gain of $3.7 million. At December 31, 2010, the Company owned Agency debentures with a carrying value of $1.1 billion including an unrealized gain of $9.7 million. During the year ended December 31, 2011, the Company sold or had called $1.4 billion of Agency debentures, resulting in realized gains of $7.7 million. During the year ended December 31, 2010, the Company sold or had called $2.8 billion of Agency debentures, resulting in realized gains of $10.2 million.

3. AGENCY DEBENTURES

At December 31, 2011, the Company owned Agency debentures with a carrying value of $889.6 million, including an unrealized gain of $3.7 million. At December 31, 2010, the Company owned Agency debentures with a carrying value of $1.1 billion including an unrealized gain of $9.7 million.

During the year ended December 31, 2011, the Company sold or had called $1.4 billion of Agency debentures, resulting in realized gains of $7.7 million. During the year ended December 31, 2010, the Company sold or had called $2.8 billion of Agency debentures, resulting in realized gains of $10.2 million.