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ALL » Topics » Investment Expenses

This excerpt taken from the ALL 8-K filed Oct 23, 2008.

Investment Expenses

 

Consolidated investment expenses decreased $67 million in the quarter primarily due to lower expenses associated with a lower amount of collateral received in connection with securities lending transactions.  The average amount of collateral held in connection with securities lending was approximately $2.5 billion in the third quarter of 2008, compared to approximately $4.6 billion in the third quarter of 2007, as a result of actions to reduce our securities lending balances.

 

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