Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2011

Accumulated Other Comprehensive (Loss) Income

Accumulated Other Comprehensive Income

Note 9. Accumulated Other Comprehensive (Loss) Income

The components of accumulated other comprehensive (loss) income were as follows (amounts in thousands):

	As of September 30, 2011			As of December 31, 2010
Net unrealized gains on available-for-sale securities	$	60,593		$	189,139
Net unrealized losses on cash flow hedges	(98,006		)	(55,543		)
Accumulated other comprehensive (loss) income	$	(37,413	)	$	133,596

The components of changes in other comprehensive (loss) income were as follows (amounts in thousands):

	Three monthsendedSeptember 30, 2011			Three monthsendedSeptember 30, 2010			Nine monthsendedSeptember 30, 2011			Nine monthsendedSeptember 30, 2010
Unrealized (losses) gains on securities available-for-sale:
Unrealized (losses) gains arising during period	$	(69,657	)	$	51,787		$	(58,568	)	$	41,676
Reclassification adjustments for gains realized in net income(1)	(33,881		)	(18,120		)	(69,978		)	(64,498		)
Unrealized (losses) gains on securities available-for-sale	(103,538		)	33,667			(128,546		)	(22,822		)
Unrealized losses on cash flow hedges	(40,636		)	(17,609		)	(42,463		)	(44,432		)
Other comprehensive (loss) income	$	(144,174	)	$	16,058		$	(171,009	)	$	(67,254	)

(1) Excludes an impairment charge of $1.5 million for investments which were determined to be other-than-temporary for the both the three and nine months ended September 30, 2011. Excludes an impairment charge of $0.5 million and $1.7 million for investments which were determined to be other-than-temporary for the three and nine months ended September 30, 2010, respectively.