XML 47 R29.htm IDEA: XBRL DOCUMENT v2.4.0.6

Fair Value Of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2012

Fair Value Of Financial Instruments [Abstract]

Carrying Value And Fair Value Of Financial Instruments

		As of March 31, 2012								As of December 31, 2011
In millions		Carrying Value				Estimated Fair Value				Carrying Value				Estimated Fair Value
Assets:
Investments held as available-for-sale and held at fair value		$	7,989			$	7,989			$	8,586			$	8,586
Other investments			68				68				107				107
Cash and cash equivalents			711				711				473				473
Receivable for investments sold			98				98				32				32
Derivative assets:
Insured derivatives			10				10				-				-
Non-insured derivatives			2				2				2				2
Total derivative assets			12				12				2				2
Assets of consolidated VIEs:
Cash			144				144				160				160
Investments held-to-maturity			3,093				2,871				3,843				3,489
Fixed-maturity securities held as available-for-sale			856				856				432				432
Fixed-maturity securities held as trading			2,883				2,883				2,884				2,884
Loans receivable			2,025				2,025				2,046				2,046
Loan repurchase commitments			1,076				1,076				1,077				1,077
Derivative assets			445				445				450				450
Liabilities:
Investment agreements			1,576				1,809				1,578				1,853
Medium-term notes			1,692				1,164				1,656				1,187
Securities sold under agreements to repurchase			149				149				287				286
Long-term debt			1,839				1,168				1,840				1,117
Payable for investments purchased			35				35				3				3
Derivative liabilities:
Insured derivatives			4,513				4,513				4,808				4,808
Non-insured derivatives			317				317				356				356
Total derivative liabilities			4,830				4,830				5,164				5,164
Warrants			22				22				38				38
Liabilities of consolidated VIEs:
Variable interest entity notes			8,704				8,183				8,697				8,051
Long-term debt			-				-				360				368
Derivative liabilities			803				803				825				825
Financial Guarantees:
Gross			1,111				1,436				1,305				1,451
Ceded			101				99				104				94

Quantitative Information Regarding The Significant Unobservable Inputs For Certain Assets And Liabilities Measured At Fair Value On A Recurring Basis

In millions

Fair Value as of March 31, 2012

Valuation Techniques

Unobservable Input

Range (Weighted Average)

Assets of consolidated VIEs:

Loans receivable

$

2,025

Quoted market prices adjusted for financial guarantees provided to VIE obligations

Impact of financial guarantee

0% - 114% (7%)

Loan repurchase commitments

1,076

Discounted cash flow

Recovery rates

25% - 75% (71%)

Breach rates

65% - 94% (76%)

Liabilities of consolidated VIEs:

Variable interest entity notes

2,864

Quoted market prices of VIE assets adjusted for financial guarantees provided

Impact of financial guarantee

0% - 26% (3%)

Credit derivative liabilities, net:

CMBS

2,183

BET Model

Recovery rates

22% - 90% (50%)

Nonperformance risk

4% - 57% (49%)

Weighted average life (in years)

0.2- 6.4 (4.7)

CMBS spreads

1% - 23% (12%)

Multi-sector CDO

928

Direct Price Model

Nonperformance risk

57% - 57% (57%)

Other

1,376

BET Model

Recovery rates

42% - 75% (47%)

Nonperformance risk

10% - 57% (44%)

Weighted average life (in years)

0.2- 13.4 (3.1)

Company's Assets And Liabilities Measured At Fair Value On Recurring Basis

		Fair Value Measurements at Reporting Date Using
In millions		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Counterparty and Cash Collateral Netting				Balance as of March 31, 2012
Assets:
Investments:
Fixed-maturity investments:
Taxable bonds:
U.S. Treasury and government agency		$	888			$	197			$	-			$	-			$	1,085
Foreign governments			263				94				12	(1)			-				369
Corporate obligations			-				1,487				185	(1)			-				1,672
Mortgage-backed securities:
Residential mortgage-backed agency			-				1,201				9	(1)			-				1,210
Residential mortgage-backed non-agency			-				219				14	(1)			-				233
Commercial mortgage-backed			-				27				25	(1)			-				52
Asset-backed securities:
Collateralized debt obligations			-				71				35	(1)			-				106
Other asset-backed			-				118				115	(1)			-				233
State and municipal bonds			-				952				-				-				952
Total taxable bonds			1,151				4,366				395				-				5,912
Tax exempt bonds:
State and municipal bonds			-				1,053				27	(1)			-				1,080
Other fixed-maturity investments			-				13				-				-				13
Total fixed-maturity investments			1,151				5,432				422				-				7,005
Money market securities			953				-				-				-				953
Perpetual preferred securities			-				49				-				-				49
Other			29				-				10	(1)			-				39
Total			2,133				5,481				432				-				8,046
Derivative assets:
Insured derivative assets:
Credit derivatives			-				-				10				-				10
Non-insured derivative assets:
Interest rate derivatives			-				74				4	(1)			-				78
Other			-				-				-				(76)				(76)
Total derivative assets			-				74				14				(76)				12
		Fair Value Measurements at Reporting Date Using
In millions		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Counterparty and Cash Collateral Netting				Balance as of March 31,  2012
Assets of consolidated VIEs:
Corporate obligations			-				165				75	(1)			-				240
Mortgage-backed securities:
Residential mortgage-backed agency			-				3				-				-				3
Residential mortgage-backed non-agency			-				1,444				25	(1)			-				1,469
Commercial mortgage-backed			-				559				15	(1)			-				574
Asset-backed securities:
Collateralized debt obligations			-				331				218	(1)			-				549
Other asset-backed			-				211				71	(1)			-				282
Total fixed-maturity securities at fair value			-				2,713				404				-				3,117
Money market securities			622				-				-				-				622
Loans receivable			-				-				2,025				-				2,025
Loan repurchase commitments			-				-				1,076				-				1,076
Derivative assets:
Credit derivatives			-				-				443	(1)			-				443
Interest rate derivatives			-				2				-				-				2
Total assets		$	2,755			$	8,270			$	4,394			$	(76)			$	15,343
Liabilities:
Medium-term notes		$	-			$	-				$174	(1)		$	-			$	174
Derivative liabilities:
Insured derivatives:
Credit derivatives			-				16				4,497				-				4,513
Non-insured derivatives:
Interest rate derivatives			-				390				-				-				390
Currency derivatives			-				3				-				-				3
Other			-				-				-				(76)				(76)
Other liabilities:
Warrants			-				22				-				-				22
Liabilities of consolidated VIEs:
Variable interest entity notes			-				1,897				2,864				-				4,761
Derivative liabilities:
Credit derivatives			-				-				525	(1)			-				525
Interest rate derivatives			-				259				-				-				259
Currency derivatives			-				-				19	(1)			-				19
Total liabilities		$	-			$	2,587			$	8,079			$	(76)			$	10,590

(1) - Unobservable inputs are either not developed by the Company or do not significantly impact the overall fair values of the aggregate financial assets and liabilities.

		Fair Value Measurements at Reporting Date Using
In millions		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Counterparty and Cash Collateral Netting				Balance as of December 31, 2011
Assets:
Investments:
Fixed-maturity investments:
Taxable bonds:
U.S. Treasury and government agency		$	1,038			$	103			$	-			$	-			$	1,141
Foreign governments			277				62				11				-				350
Corporate obligations			1				1,531				206				-				1,738
Mortgage-backed securities:
Residential mortgage-backed agency			-				1,276				8				-				1,284
Residential mortgage-backed non-agency			-				350				17				-				367
Commercial mortgage-backed			-				34				24				-				58
Asset-backed securities:
Collateralized debt obligations			-				78				60				-				138
Other asset-backed			-				130				318				-				448
State and municipal bonds			-				924				-				-				924
Total taxable bonds			1,316				4,488				644				-				6,448
Tax exempt bonds:
State and municipal bonds			-				1,137				28				-				1,165
Other fixed-maturity investments			-				15				-				-				15
Total fixed-maturity investments			1,316				5,640				672				-				7,628
Money market securities			912				-				-				-				912
Perpetual preferred securities			-				106				1				-				107
Other			25				-				10				-				35
Total			2,253				5,746				683				-				8,682
Derivative assets:
Non-insured derivative assets:
Credit derivatives			-				1				-				-				1
Interest rate derivatives			-				91				3				-				94
Other			-				-				-				(93)				(93)
Total derivative assets			-				92				3				(93)				2
		Fair Value Measurements at Reporting Date Using
In millions		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Counterparty and Cash Collateral Netting				Balance as of December 31, 2011
Assets of consolidated VIEs:
Corporate obligations			-				170				69				-				239
Mortgage-backed securities:
Residential mortgage-backed agency			-				3				-				-				3
Residential mortgage-backed non-agency			-				1,437				21				-				1,458
Commercial mortgage-backed			-				559				22				-				581
Asset-backed securities:
Collateralized debt obligations			-				330				203				-				533
Other asset-backed			-				236				67				-				303
Total fixed-maturity securities at fair value			-				2,735				382				-				3,117
Money market securities			199				-				-				-				199
Loans receivable			-				-				2,046				-				2,046
Loan repurchase commitments			-				-				1,077				-				1,077
Derivative assets:
Credit derivatives			-				-				447				-				447
Interest rate derivatives			-				3				-				-				3
Total assets		$	2,452			$	8,576			$	4,638			$	(93)			$	15,573
Liabilities:
Medium-term notes		$	-			$	-			$	165			$	-			$	165
Derivative liabilities:
Insured derivatives:
Credit derivatives			-				18				4,790				-				4,808
Non-insured derivatives:
Interest rate derivatives			-				445				-				-				445
Currency derivatives			-				4				-				-				4
Other			-				-				-				(93)				(93)
Other liabilities:
Warrants			-				38				-				-				38
Liabilities of consolidated VIEs:
Variable interest entity notes			-				1,865				2,889				-				4,754
Derivative liabilities:
Credit derivatives			-				-				527				-				527
Interest rate derivatives			-				281				-				-				281
Currency derivatives			-				-				17				-				17
Total liabilities		$	-			$	2,651			$	8,388			$	(93)			$	10,946

Fair Value Hierarchy Table Presents The Company's Assets And Liabilities At Fair Value Not Recorded On The Company's Consolidated Balance Sheet

		Fair Value Measurements at Reporting Date Using
In millions		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Balance as of March 31, 2012
Assets:
Other investments		$	-			$	11			$	-			$	11
Receivable for investments sold			98				-				-				98
Assets of consolidated VIEs:
Investments held-to-maturity			-				-				2,871				2,871
Total assets			98				11				2,871				2,980
Liabilities:
Investment agreements			-				-				1,809				1,809
Medium-term notes			-				-				990				990
Securities sold under agreements to repurchase			-				149				-				149
Long-term debt			-				1,168				-				1,168
Payable for investments purchased			35				-				-				35
Liabilities of consolidated VIEs:
Variable interest entity notes			-				-				3,422				3,422
Total liabilities			35				1,317				6,221				7,573
Financial Guarantees:
Gross			-				-				1,436				1,436
Ceded			-				-				99				99

Changes In Level 3 Assets And Liabilities Measured At Fair Value On A Recurring Basis

Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Three Months Ended March 31, 2012
In millions		Balance, Beginning of Year				Realized Gains / (Losses)				Unrealized Gains / (Losses) Included in Earnings				Unrealized Gains / (Losses) Included in OCI				Foreign Exchange Recognized in OCI or Earnings				Purchases				Issuances				Settlements				Sales				Transfers into Level 3 (1)				Transfers out of Level 3 (1)				Ending Balance				Change in Unrealized Gains (Losses) for the Period Included in Earnings for Assets still held as of March 31, 2012
Assets:
Foreign governments		$	11			$	-			$	-			$	-			$	1			$	6			$	-			$	(6)			$	-			$	-			$	-			$	12			$	-
Corporate obligations			206				(13)				-				17				-				-				-				(1)				(24)				-				-				185				-
Residential mortgage-backed agency			8				-				-				1				-				-				-				-				-				-				-				9				-
Residential mortgage-backed non-agency			17				-				-				1				-				-				-				(1)				-				-				(3)				14				-
Commercial mortgage-backed			24				-				-				2				-				-				-				-				-				-				(1)				25				-
Collateralized debt obligations			60				(3)				-				6				-				-				-				(5)				(2)				6				(27)				35				-
Other asset-backed			318				(116)				-				121				-				1				-				(7)				(202)				2				(2)				115				-
State and municipal tax-exempt bonds			28				-				-				-				-				-				-				(1)				-				-				-				27				-
Perpetual preferred securities			1				-				-				1				-				-				-				-				-				-				(2)				-				-
Other investments			10				-				-				-				-				-				-				-				-				-				-				10				-
Assets of consolidated VIEs:
Corporate obligations			69				-				1				-				-				-				-				(1)				-				6				-				75				2
Residential mortgage-backed non-agency			21				-				5				-				-				-				-				(2)				-				2				(1)				25				4
Commercial mortgage-backed			22				-				1				-				-				-				-				(2)				-				-				(6)				15				-
Collateralized debt obligations			203				-				3				1				-				-				-				-				-				11				-				218				2
Other asset-backed			67				-				3				-				-				-				-				-				-				1				-				71				3
Loans receivable			2,046				-				39				-				-				-				-				(60)				-				-				-				2,025				39
Loan repurchase commitments			1,077				-				(1)				-				-				-				-				-				-				-				-				1,076				(1)
Total assets		$	4,188			$	(132)			$	51			$	150			$	1			$	7			$	-			$	(86)			$	(228)			$	28			$	(42)			$	3,937			$	49

In millions		Balance, Beginning of Year				Realized (Gains) / Losses				Unrealized (Gains) / Losses Included in Earnings				Unrealized (Gains) / Losses Included in OCI				Foreign Exchange Recognized in OCI or Earnings				Purchases				Issuances				Settlements				Sales				Transfers into Level 3 (1)				Transfers out of Level 3 (1)				Ending Balance				Change in Unrealized (Gains) Losses for the Period Included in Earnings for Liabilities still held as of March 31, 2012
Liabilities:
Medium-term notes		$	165			$	-			$	5			$	-			$	4			$	-			$	-			$	-			$	-			$	-			$	-			$	174			$	5
Credit derivatives, net			4,790				20				(303)				-				-				-				-				(20)				-				-				-				4,487				(286)
Interest rate derivatives, net			(3)				-				(1)				-				-				-				-				-				-				-				-				(4)				7
Liabilities of consolidated VIEs:
VIE notes			2,889				-				158				-				-				-				-				(183)				-				-				-				2,864				158
Credit derivatives, net			80				-				2				-				-				-				-				-				-				-				-				82				2
Currency derivatives, net			17				-				2				-				-				-				-				-				-				-				-				19				2
Total liabilities		$	7,938			$	20			$	(137)			$	-			$	4			$	-			$	-			$	(203)			$	-			$	-			$	-			$	7,622			$	(112)

(1) - Transferred in and out at the end of the period.

Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis for the Three Months Ended March 31, 2011
In millions		Balance, Beginning of Year				Realized Gains / (Losses)				Unrealized Gains / (Losses) Included in Earnings				Unrealized Gains / (Losses) Included in OCI				Foreign Exchange Recognized in OCI or Earnings				Purchases				Issuances				Settlements				Sales				Transfers into Level 3 (1)				Transfers out of Level 3 (1)				Ending Balance				Change in Unrealized Gains (Losses) for the Period Included in Earnings for Assets still held as of March 31, 2011
Assets:
Foreign governments		$	11			$	-			$	-			$	-			$	-			$	3			$	-			$	(2)			$	-			$	7			$	-			$	19			$	-
Corporate obligations			246				-				-				7				2				10				-				(32)				(12)				6				(16)				211				-
Residential mortgage-backed agency			41				-				-				1				-				1				-				(1)				(1)				-				(41)				-				-
Residential mortgage-backed non-agency			48				-				-				5				-				7				-				(5)				(1)				5				(16)				43				-
Commercial mortgage-backed			41				-				-				2				1				8				-				-				-				-				(1)				51				-
Collateralized debt obligations			191				(1)				-				20				-				2				-				(29)				(1)				2				(61)				123				-
Other asset-backed			350				-				-				8				-				1				-				(9)				(1)				2				(28)				323				-
State and municipal taxable bonds			14				-				-				(2)				-				-				-				-				-				-				-				12				-
State and municipal tax-exempt bonds			36				-				-				-				-				-				-				(2)				-				-				-				34				-
Assets of consolidated VIEs:
Corporate obligations			82				-				-				-				-				-				-				(2)				-				4				-				84				-
Residential mortgage-backed non-agency			40				-				(2)				3				-				-				-				(3)				-				-				(20)				18				1
Commercial mortgage-backed			23				-				6				-				-				-				-				-				-				-				-				29				7
Collateralized debt obligations			245				-				16				-				-				-				-				(2)				-				14				(54)				219				16
Other asset-backed			81				-				(2)				-				-				-				-				(1)				-				1				-				79				(2)
Loans receivable			2,183				-				228				-				-				-				-				(84)				-				-				-				2,327				228
Loan repurchase commitments			835				-				20				-				-				-				12				-				-				-				-				867				20
Total assets		$	4,467			$	(1)			$	266			$	44			$	3			$	32			$	12			$	(172)			$	(16)			$	41			$	(237)			$	4,439			$	270

In millions		Balance, Beginning of Year				Realized (Gains) / Losses				Unrealized (Gains) / Losses Included in Earnings				Unrealized (Gains) / Losses Included in OCI				Foreign Exchange Recognized in OCI or Earnings				Purchases				Issuances				Settlements				Sales				Transfers into Level 3 (1)				Transfers out of Level 3 (1)				Ending Balance				Change in Unrealized (Gains) Losses for the Period Included in Earnings for Liabilities still held as of March 31, 2011
Liabilities:
Medium-term notes		$	116			$	-			$	39			$	-			$	8			$	-			$	-			$	-			$	-			$	-			$	-			$	163			$	39
Credit derivatives, net			4,350				386				1,421				-				-				-				-				(386)				-				-				-				5,771				1,580
Interest rate derivatives, net			(5)				-				1				-				-				-				-				-				-				-				-				(4)				1
Liabilities of consolidated VIEs:
VIE notes			4,673				-				421				-				-				-				-				(141)				-				-				-				4,953				421
Credit derivatives, net			768				-				158				-				-				-				-				-				-				-				-				926				158
Currency derivatives, net			14				-				(2)				-				-				-				-				-				-				-				-				12				(2)
Total liabilities		$	9,916			$	386			$	2,038			$	-			$	8			$	-			$	-			$	(527)			$	-			$	-			$	-			$	11,821			$	2,197

(1) - Transferred in and out at the end of the period.

Gains And Losses (Realized And Unrealized) Included In Earnings Pertaining To Level 3 Assets And Liabilities

		March 31, 2012
														Consolidated VIEs
In millions		Unrealized Gains (Losses) on Insured Derivatives				Net Realized Gains (Losses)				Net Gains (Losses) on Financial Instruments at Fair Value and Foreign Exchange				Net Realized Gains (Losses)				Net Gains (Losses) on Financial Instruments at Fair Value and Foreign Exchange
Total gains (losses) included in earnings		$	303			$	(152)			$	(4)			$	-			$	(111)
Change in unrealized gains (losses) for the period included in earnings for assets and liabilities still held as of March 31, 2012		$	286			$	-			$	(12)			$	-			$	(113)

		March 31, 2011
														Consolidated VIEs
In millions		Unrealized Gains (Losses) on Insured Derivatives				Net Realized Gains (Losses)				Net Gains (Losses) on Financial Instruments at Fair Value and Foreign Exchange				Net Realized Gains (Losses)				Net Gains (Losses) on Financial Instruments at Fair Value and Foreign Exchange
Total gains (losses) included in earnings		$	(1,421)			$	(387)			$	(48)			$	-			$	(311)
Change in unrealized gains (losses) for the period included in earnings for assets and liabilities still held as of March 31, 2011		$	(1,580)			$	-			$	(48)			$	-			$	(307)

Changes In Fair Value Included In The Company's Consolidated Statements Of Operations

		Net Gains (Losses) on Financial Instruments at Fair Value and Foreign Exchange
		Three Months Ended March 31,
In millions		2012				2011
Fixed-maturity securities held at fair value		$	(1)			$	213
Loans receivable at fair value:
Residential mortgage loans			18				101
Other loans			(39)				43
Loan repurchase commitments			-				32
Other assets			-				(40)
Long-term debt			(7)				(367)

Difference Between Aggregate Fair Value And The Aggregate Remaining Contractual Principal Balance Outstanding

		As of March 31, 2012												As of December 31, 2011
In millions		Contractual Outstanding Principal				Fair Value				Difference				Contractual Outstanding Principal				Fair Value				Difference
Loans receivable at fair value:
Residential mortgage loans		$	2,659			$	1,850			$	809			$	2,769			$	1,895			$	874
Residential mortgage loans (90 days or more past due)			274				63				211				259				-				259
Other loans			138				46				92				129				43				86
Other loans (90 days or more past due)			201				66				135				324				108				216
Total loans receivable at fair value		$	3,272			$	2,025			$	1,247			$	3,481			$	2,046			$	1,435
Variable interest entity notes		$	13,361			$	4,761			$	8,600			$	13,583			$	4,754			$	8,829

X

- Definition

Changes In Fair Value Included In CompanyS Consolidated Income Statement For All Financial Instruments For Which Fair Value Option Was Elected [Text Block]

+ References

No definition available.

+ Details

Name:	mbi_ChangesInFairValueIncludedInCompanySConsolidatedIncomeStatementForAllFinancialInstrumentsForWhichFairValueOptionWasElectedTextBlock
Namespace Prefix:	mbi_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Difference Between The Aggregate Fair Value And The Aggregate Remaining Contractual Principal Balance Outstanding For Loans And Long Term Debt For Which Fair Value Option Has Been Elected [Text Block]

+ References

No definition available.

+ Details

Name:	mbi_DifferenceBetweenAggregateFairValueAndAggregateRemainingContractualPrincipalForLoansAndLongTermDebtForWhichFairValueOptionHasBeenElectedTextBlock
Namespace Prefix:	mbi_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

This element represents, for the fair value measurement of assets and liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issuances, and settlements (net); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs).

+ References

No definition available.

+ Details

Name:	mbi_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix:	mbi_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	mbi_FairValueOfFinancialInstrumentsAbstract
Namespace Prefix:	mbi_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets and liabilities that are measured on a recurring and/or nonrecurring basis.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Section 50

-Paragraph 2

-Subparagraph (e)

-SubTopic 10

-Topic 820

-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19207-110258



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Section 50

-Paragraph 5

-Subparagraph (d)

-SubTopic 10

-Topic 820

-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19296-110258

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the total amount of gains or losses for the period which are included in earnings or resulted in a change to net assets which gains or losses have arisen from the use of significant unobservable inputs (Level 3) to measure the fair value of assets and liabilities. Such gains or losses are attributable to the change in unrealized gains or losses relating to those assets and liabilities so valued which are still held at the reporting date and which change are also considered for disclosure; it may be expected that a description of where those unrealized gains or losses are reported in the statement of income or the statement of financial position would also be disclosed.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-Subparagraph d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-Subparagraph c(1)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1),(d)

-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 10

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13433-108611



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19207-110258



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 14

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 30

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612



Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 15

-Subparagraph b-d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13476-108611



Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13467-108611



Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610



Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 18

-Subparagraph c(2), d, e, f

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-Subparagraph a, c(1), c(2), c(3), d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 19

-Subparagraph a, b, c(1), d(1)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Name:	us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value measurement of assets and liabilities which includes [financial] instruments measured at fair value that are classified in stockholders' equity. Such assets and liabilities may be measured on a recurring or nonrecurring basis. The disclosures which may be required or desired include: (1) for assets and liabilities measured on a recurring basis, disclosure may include: (a) the fair value measurements at the reporting date; (b) the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3); (c) for fair value measurements using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (i) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (ii) purchases, sales, issuances, and settlements (net); (iii) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs); (d) the amount of the total gains or losses for the period in subparagraph (c) (i) above included in earnings (or changes in net assets) that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date and a description of where those unrealized gains or losses are reported in the statement of income (or activities); (e) the valuation technique(s) used to measure fair value and a discussion of changes in valuation techniques, if any, during the period and (2) for assets and liabilities that are measured at fair value on a nonrecurring basis (for example, impaired assets) disclosure may include, in addition to (a) above: (a) the reasons for the fair value measurements recorded; (b) the same as (b) above; (c) for fair value measurements using significant unobservable inputs (Level 3), a description of the inputs and the information used to develop the inputs; and (d) the valuation technique(s) used to measure fair value and a discussion of changes, if any, in the valuation technique(s) used to measure similar assets and/or liabilities in prior periods. Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19279-110258



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 33

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19296-110258



Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19207-110258



Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 6

-Footnote 4

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19190-110258

+ Details

Name:	us-gaap_FairValueMeasurementInputsDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined) which are not recognized in the financial statements (off-balance sheet) because they fail to meet some other criterion for recognition.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 7

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13467-108611



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 10

-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13433-108611



Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 3

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 7, 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Name:	us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration