Purchased Loans	9 Months Ended
Sep. 30, 2011
Transfers Of Purchased Loans [Abstract]
Purchased Loans	(14) Purchased Loans As part of seeding a new Federated-sponsored fund, Federated began investing in purchased loans, consisting primarily of syndicated, commercial, US dollar-denominated, floating-rate term loans during the second quarter 2010. Federated transferred $43.4 million in purchased loans and $2.7 million in cash into the new Federated-sponsored fund in exchange for shares of the fund during the third quarter 2010. This transfer of assets was recorded as a sale for accounting purposes given that the loans were legally isolated from Federated, the Federated-sponsored fund has the right to pledge or exchange the loans and Federated has not maintained effective control over the transferred loans. As of September 30, 2011 and December 31, 2010, Federated did not hold any purchased loans but maintains a seed investment in this fund.

(14) Purchased Loans

As part of seeding a new Federated-sponsored fund, Federated began investing in purchased loans, consisting primarily of syndicated, commercial, US dollar-denominated, floating-rate term loans during the second quarter 2010. Federated transferred $43.4 million in purchased loans and $2.7 million in cash into the new Federated-sponsored fund in exchange for shares of the fund during the third quarter 2010. This transfer of assets was recorded as a sale for accounting purposes given that the loans were legally isolated from Federated, the Federated-sponsored fund has the right to pledge or exchange the loans and Federated has not maintained effective control over the transferred loans. As of September 30, 2011 and December 31, 2010, Federated did not hold any purchased loans but maintains a seed investment in this fund.