AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) 7.  FINANCING ARRANGEMENTS Outstanding amounts under the Company’s long-term financing arrangements consisted of the following as of December 31, (in thousands):
## Table 0 ##
Credit Facilities—In October 2005, the Company refinanced the two existing credit facilities of its principal operating subsidiaries.
The Company replaced the existing American Tower $1.1 billion senior secured credit facility with a new $1.3 billion senior secured credit facility and replaced the existing SpectraSite $900.0 million senior secured credit facility with a new $1.15 billion senior secured credit facility.
In February 2007, the Company secured an additional $550.0 million under its credit facilities and drew down $250.0 million of the existing revolving loans under the American Tower credit facility.
(See note 19. )
During the year ended December 31, 2006, the Company drew down the remaining amount available under the Delayed Draw Term Loan component of the American Tower credit facility and drew down $25.0 million of the Delayed Draw Term Loan component of the SpectraSite credit facility to finance debt redemptions and repurchases.
In addition, on October 27, 2006, the remaining $175.0 million undrawn portion of the Delayed Draw Term Loan component of the SpectraSite facility was canceled pursuant to its terms.
As of December 31, 2006, the American Tower credit facility consists of the following: ?
a $300.0 million revolving credit facility, against which approximately $17.8 million of undrawn letters of credit are outstanding at December 31, 2006, maturing on October 27, 2010; ?
a $750.0 million Term Loan A, which is fully drawn, maturing on October 27, 2010; and ?
a $250.0 million Delayed Draw Term Loan, which is fully drawn, maturing on October 27, 2010.
The borrowers under the American Tower credit facility include ATI, American Tower, L. P. , American Tower International, Inc.  and American Tower LLC.
The Company and the borrowers’ restricted subsidiaries (as defined in the loan agreement) have guaranteed all of the loans under the credit facility.
These loans are secured by liens on and security interests in substantially all assets of the borrowers and the restricted subsidiaries, with a carrying value aggregating approximately $4.5 billion at December 31, 2006.
As of December 31, 2006, the SpectraSite credit facility consists of the following: ?
a $250.0 million revolving credit facility, against which approximately $4.6 million of undrawn letters of credit were outstanding at December 31, 2006, maturing on October 27, 2010;
PRUDENTIAL FINANCIAL, INC.
Supplemental Combining Statements of Financial Position December 31, 2009 and 2008 (in millions)
## Table 1 ##
See Notes to Supplemental Combining Financial Information
MARKET FOR REGISTRANTS’ COMMON EQUITY AND RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES SL?GREEN REALTY CORP.  Our common stock trades on the New?York Stock Exchange, or the NYSE, under the symbol “SLG.
” On February?22, 2018, the reported closing sale price per share of common stock on the NYSE was $95.91 and there were 349?holders of record of our common stock.
The table below sets forth the quarterly high and low closing sales prices of the common stock on the NYSE and the dividends declared by us with respect to the periods indicated.
## Table 2 ##
If dividends are declared in a quarter, those dividends are generally paid during the subsequent quarter.
We expect to continue our policy of distributing our taxable income through regular cash dividends on a quarterly basis, although there is no assurance as to future dividends because they depend on future earnings, capital requirements and financial condition.
See Management’s Discussion and Analysis of Financial Condition and Results of Operations—Dividends/Distributions for additional information regarding our dividends.
UNITS At December?31, 2017, there were 4,452,979?units of limited partnership interest of the Operating Partnership outstanding and held by persons other than the Company, which received distributions per unit in the same manner as dividends per share were distributed to common stockholders.
SL?GREEN OPERATING PARTNERSHIP, L. P.  There is no established public trading market for the common units of the Operating Partnership.
On February?22, 2018, there were 40?holders of record and 95,042,436?common units outstanding, 90,327,098 of which were held by SL?Green.
The table below sets forth the quarterly distributions paid by the Operating Partnership to holders of its common units with respect to the periods indicated.

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td>2006</td><td>2005</td></tr><tr><td>American Tower credit facility</td><td>$1,000,000</td><td>$793,000</td></tr><tr><td>SpectraSite credit facility</td><td>725,000</td><td>700,000</td></tr><tr><td>Senior subordinated notes</td><td>325,075</td><td>400,000</td></tr><tr><td>Senior subordinated discount notes, net of discount and warrant valuation</td><td></td><td>160,252</td></tr><tr><td>Senior notes, net of discount and premium</td><td>728,507</td><td>726,754</td></tr><tr><td>Convertible notes, net of discount</td><td>704,596</td><td>773,058</td></tr><tr><td>Notes payable and capital leases</td><td>59,838</td><td>60,365</td></tr><tr><td>Total</td><td>3,543,016</td><td>3,613,429</td></tr><tr><td>Less current portion of other long-term obligations</td><td>-253,907</td><td>-162,153</td></tr><tr><td>Long-term obligations</td><td>$3,289,109</td><td>$3,451,276</td></tr></table>
<table><tr><td></td><td colspan="3">2009</td><td colspan="3">2008</td></tr><tr><td></td><td>Financial Services Business</td><td>Closed Block Business</td><td>Consolidated</td><td>Financial Services Business</td><td>Closed Block Business</td><td>Consolidated</td></tr><tr><td> ASSETS</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Fixed maturities, available for sale, at fair value</td><td>$132,694</td><td>$42,531</td><td>$175,225</td><td>$119,153</td><td>$38,903</td><td>$158,056</td></tr><tr><td>Fixed maturities, held to maturity, at amortized cost</td><td>5,120</td><td>—</td><td>5,120</td><td>3,808</td><td>—</td><td>3,808</td></tr><tr><td>Trading account assets supporting insurance liabilities, at fair value</td><td>16,020</td><td>—</td><td>16,020</td><td>13,875</td><td>—</td><td>13,875</td></tr><tr><td>Other trading account assets, at fair value</td><td>2,866</td><td>167</td><td>3,033</td><td>4,216</td><td>120</td><td>4,336</td></tr><tr><td>Equity securities, available for sale, at fair value</td><td>3,810</td><td>3,085</td><td>6,895</td><td>3,665</td><td>2,400</td><td>6,065</td></tr><tr><td>Commercial mortgage and other loans</td><td>23,021</td><td>8,363</td><td>31,384</td><td>24,366</td><td>8,748</td><td>33,114</td></tr><tr><td>Policy loans</td><td>4,728</td><td>5,418</td><td>10,146</td><td>4,280</td><td>5,423</td><td>9,703</td></tr><tr><td>Securities purchased under agreements to resell</td><td>6</td><td>—</td><td>6</td><td>480</td><td>—</td><td>480</td></tr><tr><td>Other long-term investments</td><td>4,359</td><td>1,545</td><td>5,904</td><td>5,383</td><td>1,629</td><td>7,012</td></tr><tr><td>Short-term investments</td><td>5,481</td><td>1,338</td><td>6,819</td><td>4,092</td><td>1,484</td><td>5,576</td></tr><tr><td>Total investments</td><td>198,105</td><td>62,447</td><td>260,552</td><td>183,318</td><td>58,707</td><td>242,025</td></tr><tr><td>Cash and cash equivalents</td><td>12,451</td><td>713</td><td>13,164</td><td>13,054</td><td>1,974</td><td>15,028</td></tr><tr><td>Accrued investment income</td><td>1,668</td><td>654</td><td>2,322</td><td>1,603</td><td>663</td><td>2,266</td></tr><tr><td>Deferred policy acquisition costs</td><td>13,751</td><td>827</td><td>14,578</td><td>13,127</td><td>1,999</td><td>15,126</td></tr><tr><td>Deferred income taxes, net</td><td>—</td><td>—</td><td>—</td><td>-533</td><td>1,639</td><td>1,106</td></tr><tr><td>Other assets</td><td>15,222</td><td>291</td><td>15,513</td><td>21,962</td><td>403</td><td>22,365</td></tr><tr><td>Separate account assets</td><td>174,074</td><td>—</td><td>174,074</td><td>147,095</td><td>—</td><td>147,095</td></tr><tr><td> TOTAL ASSETS</td><td>$415,271</td><td>$64,932</td><td>$480,203</td><td>$379,626</td><td>$65,385</td><td>$445,011</td></tr><tr><td> LIABILITIES AND EQUITY</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td> LIABILITIES</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Future policy benefits</td><td>$73,931</td><td>$51,776</td><td>$125,707</td><td>$70,221</td><td>$51,730</td><td>$121,951</td></tr><tr><td>Policyholders’ account balances</td><td>96,078</td><td>5,588</td><td>101,666</td><td>93,991</td><td>5,622</td><td>99,613</td></tr><tr><td>Policyholders’ dividends</td><td>328</td><td>926</td><td>1,254</td><td>634</td><td>1,036</td><td>1,670</td></tr><tr><td>Securities sold under agreements to repurchase</td><td>2,985</td><td>3,048</td><td>6,033</td><td>4,288</td><td>3,612</td><td>7,900</td></tr><tr><td>Cash collateral for loaned securities</td><td>2,323</td><td>840</td><td>3,163</td><td>2,684</td><td>1,484</td><td>4,168</td></tr><tr><td>Income taxes</td><td>4,665</td><td>-651</td><td>4,014</td><td>364</td><td>95</td><td>459</td></tr><tr><td>Short-term debt</td><td>3,122</td><td>—</td><td>3,122</td><td>10,092</td><td>443</td><td>10,535</td></tr><tr><td>Long-term debt</td><td>19,287</td><td>1,750</td><td>21,037</td><td>18,540</td><td>1,750</td><td>20,290</td></tr><tr><td>Other liabilities</td><td>13,790</td><td>614</td><td>14,404</td><td>17,074</td><td>470</td><td>17,544</td></tr><tr><td>Separate account liabilities</td><td>174,074</td><td>—</td><td>174,074</td><td>147,095</td><td>—</td><td>147,095</td></tr><tr><td>Total liabilities</td><td>390,583</td><td>63,891</td><td>454,474</td><td>364,983</td><td>66,242</td><td>431,225</td></tr><tr><td> COMMITMENTS AND CONTINGENT LIABILITIES</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td> EQUITY</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated other comprehensive income (loss)</td><td>-574</td><td>131</td><td>-443</td><td>-5,237</td><td>-2,106</td><td>-7,343</td></tr><tr><td>Other attributed equity</td><td>24,728</td><td>910</td><td>25,638</td><td>19,529</td><td>1,249</td><td>20,778</td></tr><tr><td>Total attributed equity</td><td>24,154</td><td>1,041</td><td>25,195</td><td>14,292</td><td>-857</td><td>13,435</td></tr><tr><td>Noncontrolling interests</td><td>534</td><td>—</td><td>534</td><td>351</td><td>—</td><td>351</td></tr><tr><td>Total equity</td><td>24,688</td><td>1,041</td><td>25,729</td><td>14,643</td><td>-857</td><td>13,786</td></tr><tr><td> TOTAL LIABILITIES AND EQUITY</td><td>$415,271</td><td>$64,932</td><td>$480,203</td><td>$379,626</td><td>$65,385</td><td>$445,011</td></tr></table>
<table><tr><td></td><td colspan="3">2017</td><td colspan="3">2016</td></tr><tr><td>Quarter Ended</td><td>High</td><td>Low</td><td>Dividends</td><td>High</td><td>Low</td><td>Dividends</td></tr><tr><td>March 31</td><td>$113.75</td><td>$104.62</td><td>$0.775</td><td>$110.92</td><td>$80.54</td><td>$0.72</td></tr><tr><td>June 30</td><td>$109.73</td><td>$101.03</td><td>$0.775</td><td>$106.72</td><td>$95.51</td><td>$0.72</td></tr><tr><td>September 30</td><td>$107.52</td><td>$95.45</td><td>$0.775</td><td>$119.20</td><td>$102.56</td><td>$0.72</td></tr><tr><td>December 31</td><td>$105.01</td><td>$94.15</td><td>$0.8125</td><td>$112.89</td><td>$94.23</td><td>$0.775</td></tr></table>

Question: When is Fixed maturities, available for sale, at fair value for Financial Services Businessthe largest?
Answer: 2009