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Investments In Affordable Housing
6 Months Ended
Jun. 30, 2011
Investments In Affordable Housing  
Investments In Affordable Housing

8. Investments in Affordable Housing

The Company has invested in certain limited partnerships that were formed to develop and operate housing for lower-income tenants throughout the United States. The Company's investments in these partnerships were $83.0 million at June 30, 2011, and $88.5 million at December 31, 2010. At June 30, 2011, and December 31, 2010, six of the limited partnerships in which the Company has an equity interest were determined to be variable interest entities for which the Company is the primary beneficiary. The consolidation of these limited partnerships in the Company's consolidated financial statements increased total assets and liabilities by $23.2 million at June 30, 2011, and by $22.8 million at December 31, 2010. Other borrowings for affordable housing limited partnerships were $19.0 million at June 30, 2011, and $19.1 million at December 31, 2010; recourse is limited to the assets of the limited partnerships. Unfunded commitments for affordable housing limited partnerships of $1.8 million as of June 30, 2011, and $4.3 million as of December 31, 2010, were recorded under other liabilities.