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AFFORDABLE HOUSING PARTNERSHIPS AND OTHER INVESTMENTS (Details) (USD $) In Millions, unless otherwise specified | 6 Months Ended |
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Jun. 30, 2013 | Dec. 31, 2012
AFFORDABLE HOUSING PARTNERSHIPS AND OTHER INVESTMENTS |  |
Minimum compliance period to fully utilize the tax credits | 15 years |
Investments in affordable housing partnerships | $ 176.6 | $ 185.6
Other investments in affordable housing partnerships | 47.7 | 45.9
Total unfunded commitments for investments | $ 70.0 | $ 84.6

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- Definition Represents the balance amount of investments in limited partnership interests in projects of affordable housing for lower income tenants, which have related tax credits. The investments in which the Company has significant influence or has a limited partnership interest that exceeds 5% are recorded using the equity method of accounting. The remaining investments are recorded using the cost method and are being amortized using the level-yield method over the life of the related tax credits which is included in investment in affordable housing partnerships in the consolidated balance sheets. + References No definition available. + Details
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- Details
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- Definition Represents the amount of investments in certain limited partnerships that qualify for Community Reinvestment Act (CRA) credits or that qualify for other types of tax credits . The Community Reinvestment Act (CRA) encourages banks to meet the credit needs of their communities for housing and other purposes, particularly in neighborhoods with low or moderate incomes, included in other assets in the consolidated balance sheets. + References No definition available. + Details
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- Definition Represents the minimum compliance period, to meet regulatory requirements for affordable housing, to fully utilize the tax credits. + References No definition available. + Details
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- Definition The amount of unfunded commitments for which the entity is obligated, to those certain investments for which net asset value per share is calculated (including by unit, membership interest, or other equity (ownership interest) unit measure) (alternative investments). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 6A -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=7578670&loc=SL6742756-110258 + Details
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