Prepaid expenses and other assets include the following:

	September 30,
	2011		2010
	(in thousands)

Investments in company-owned life insurance (1)	$	148,658	$	140,526
Investment in FHLB stock		65,541		127,049
Prepaid expenses		69,589		76,046
Low-income housing tax credit fund financing asset (2)		41,629		43,398
Other assets		38,847		64,338
Prepaid expenses and other assets	$	364,264	$	451,357

(1)	As of September 30, 2011, we own 1,365 life insurance policies with a cumulative face value of $703.3 million.

(2)

In fiscal year 2010 we sold an investment in a low-income housing tax credit fund and we provided a guaranteed return on investment to the purchaser. As a result of this guarantee obligation, we are the primary beneficiary of the fund (see Note 9 for further information regarding the consolidation of this fund) and we have accounted for this transaction as a financing. As a financing transaction, we continue to account for the asset transferred to the purchaser, and maintain a related liability corresponding to our obligations under the guarantee. As the benefits are delivered to the purchaser of the investment, this financing asset and the related liability will decrease. The related financing liability in the amount of $41.7 million and $43.4 million is included in Trade and other payables on our Consolidated Statements of Financial Condition as of September 30, 2011 and 2010, respectively. See Note 17 for further discussion of our obligations under the guarantee.