Results of Competitive Sales

ILLINOIS

Aptakisic-Tripp Community Consolidated School District No. 102

Mar 26, 2009 . . . . . . $2,405,000

General Obligation Bonds (Alternate Revenue Source), Series 2009 (bank qualified) (book entry).

Dated Apr 14, 2009.

Due Apr 1, 2011 to 2019.

Non-callable.

Winning bid: Morgan Keegan, at n/a, TIC 2.9402%.

Due Amount Cpn Yield Conc Ins
4/1/11 $235,000 3.00% NRO NRO
4/1/12 $245,000 3.00% NRO NRO
4/1/13 $250,000 3.00% NRO NRO
4/1/14 $260,000 3.00% NRO NRO
4/1/15 $265,000 3.00% NRO NRO
4/1/16 $275,000 3.00% NRO NRO
4/1/17 $280,000 3.75% NRO NRO
4/1/18 $290,000 4.00% NRO NRO
4/1/19 $305,000 4.00% NRO NRO

L.O.: Chapman & Cutler, Chicago, IL.

F.A.: PMA Securities, Inc., Warrenville, IL.

Other bidders were:

Robert W. Baird, TIC 2.944%

BMO Capital Markets, TIC 3.0441%

UMB Bank, TIC 3.0882%

Hutchinson Shockey, TIC 3.1703%

Bernardi Securities, TIC 3.6721%

INDIANA

Kankakee Valley School Building Corporation

Mar 26, 2009 . . . . . . $4,000,000

Bond Anticipation Notes (bank qualified) (book entry).

Dated Apr 7, 2009.

Due Dec 31, 2009.

Purchased $4,000,000.00 by City Securities, at 2.75%, plus -$20,000.00, effective rate 3.43%.

L.O.: Ice Miller, Indianapolis, IN.

Monon (Town)

Mar 26, 2009 . . . . . . $1,715,000

Sewage Works Revenue Bonds of 2009 (bank qualified).

Dated Apr 9, 2009.

Due Jul 1, 2011 to Jan 1, 2031.

Callable Jan 1, 2017 at par.

Winning bid: City Securities, at n/a, NIC 5.717%.

Due Amount Cpn Yield Conc Ins
7/1/11 $25,000 4.50% 3.00%
1/1/12 $25,000 4.50% 3.25%
7/1/12 $25,000 4.50% 3.25%
1/1/13 $25,000 4.50% 3.50%
7/1/13 $30,000 4.50% 3.50%
1/1/14 $30,000 4.50% 3.75%
7/1/14 $30,000 4.50% 3.75%
1/1/15 $30,000 4.75% 4.00%
7/1/15 $30,000 4.75% 4.00%
1/1/16 $30,000 4.75% 4.20%
7/1/16 $30,000 4.75% 4.20%
1/1/17 $30,000 4.75% 4.40%
7/1/17 $35,000 4.75% 4.40%
1/1/18 $35,000 4.75% 4.60%
7/1/18 $35,000 4.75% 4.60%
1/1/19 $35,000 4.80% 4.80%
7/1/19 $35,000 4.80% 4.80%
1/1/20 $35,000 5.00% 5.00%
7/1/20 $40,000 5.00% 5.00%
1/1/21 $40,000 5.15% 5.15%
7/1/21 $40,000 5.15% 5.15%
1/1/22 $40,000 5.30% 5.30%
7/1/22 $40,000 5.30% 5.30%
1/1/23 $45,000 5.45% 5.45%
7/1/23 $45,000 5.45% 5.45%
1/1/24 $45,000 5.60% 5.60%
7/1/24 $50,000 5.60% 5.60%
7/1/26 $205,000 5.75% 5.75%
7/1/28 $235,000 5.90% 5.90%
1/1/31 $340,000 6.00% 6.00%

L.O.: Ice Miller, Indianapolis, IN.

F.A.: Umbaugh LLP, Plymouth, IN.

MASSACHUSETTS

Princeton (Town)

Mar 26, 2009 . . . . . . $4,000,000

Bond Anticipation Notes (bank qualified).

Dated Apr 6, 2009.

Due Jan 6, 2010.

Purchased $2,000,000.00 by Eastern Bank, at 2.0%, plus $8,580.00, effective rate 1.428%.

Purchased $2,000,000.00 by TD Securities, at 1.5%, plus $7,020.00, effective rate 1.032%.

L.O.: Edwards Angell Palmer & Dodge, LLP, Boston, MA.

F.A.: First Southwest Company, Boston, MA.

Other bidders were:

Eastern Bank, Effective Rate 1.428%

MINNESOTA

Princeton (City)

Mar 26, 2009 . . . . . . $2,040,000

General Obligation Sanitary Sewer Revenue Refunding Bonds, Series 2009A (State of Minnesota Enhancement Program) (bank qualified) (book entry).

Dated Apr 1, 2009.

Due Aug 1, 2009 to 2016.

Callable Aug 1, 2013 at par.

Winning bid: United Banker's Bk, at n/a, TIC 2.3658%.

Due Amount Cpn Yield Conc Ins
8/1/09 $140,000 0.85% 0.85%
2/1/10 $125,000 0.95% 0.95%
8/1/10 $130,000 1.10% 1.10%
2/1/11 $130,000 1.25% 1.25%
8/1/11 $130,000 1.375% 1.375%
2/1/12 $130,000 1.50% 1.50%
8/1/12 $135,000 1.75% 1.75%
2/1/13 $135,000 1.90% 1.90%
8/1/13 $135,000 2.05% 2.05%
2/1/14 $135,000 2.20% 2.20%
8/1/14 $140,000 2.30% 2.30%
2/1/15 $140,000 2.40% 2.40%
8/1/15 $145,000 2.50% 2.50%
2/1/16 $145,000 2.60% 2.60%
8/1/16 $145,000 2.70% 2.70%

L.O.: Briggs & Morgan, St. Paul, MN.

F.A.: Northland Securities, Inc., Minneapolis, MN.

Other bidders were:

UBS Financial Svcs, TIC 2.3861%

Wachovia Securities, TIC 2.4404%

Robert W. Baird, TIC 2.5323%

Cronin, TIC 2.7217%

Bernardi Securities, TIC 2.8197%

NEW HAMPSHIRE

Belknap County

Mar 26, 2009 . . . . . . $3,250,000

Gunstock Area Commission General Obligation Bonds (bank qualified) (book entry).

Dated Apr 1, 2009.

Due Jan 15, 2010 to 2028.

Callable Jan 15, 2018 at par.

Winning bid: Roosevelt & Cross, at 100.0225, TIC 3.7572%.

Due Amount Cpn Yield Conc Ins
1/15/10 $100,000 3.50% NRO NRO AGC
1/15/11 $175,000 2.25% NRO NRO AGC
1/15/12 $175,000 2.00% NRO NRO AGC
1/15/13 $175,000 2.25% NRO NRO AGC
1/15/14 $175,000 2.50% NRO NRO AGC
1/15/15 $175,000 2.75% NRO NRO AGC
1/15/16 $175,000 2.875% NRO NRO AGC
1/15/17 $175,000 4.00% NRO NRO AGC
1/15/18 $175,000 4.00% NRO NRO AGC
1/15/19 $175,000 3.50% NRO NRO AGC
1/15/20 $175,000 3.50% NRO NRO AGC
1/15/21 $175,000 3.75% NRO NRO AGC
1/15/22 $175,000 4.00% NRO NRO AGC
1/15/23 $175,000 4.00% NRO NRO AGC
1/15/24 $175,000 4.00% NRO NRO AGC
1/15/25 $175,000 4.00% NRO NRO AGC
1/15/26 $175,000 4.125% NRO NRO AGC
1/15/27 $175,000 4.25% NRO NRO AGC
1/15/28 $175,000 4.375% NRO NRO AGC

Other managers: Fidelity Capital Markets, CL King & Associates, Wachovia Securities, LLC.

L.O.: Devine, Millimet & Branch, P.A., Manchester, NH.

F.A.: First Southwest Company, Lincoln, RI.

Other bidders were:

BMO Capital Markets, TIC 3.7723%

Eastern Bk Cap Mkts, TIC 3.8199%

Robert W. Baird, TIC 4.1035%

Northway Bk, TIC 4.85%

NEW JERSEY

Hasbrouck Heights Borough

Mar 26, 2009 . . . . . . $3,529,650

General Obligation Bond Anticipation Notes (bank qualified).

Dated Apr 3, 2009.

Due Apr 1, 2010.

Purchased $3,529,650.00 by Valley National Bank, at 1.63%, effective rate 1.63%.

L.O.: Rogut McCarthy LLC, Cranford, NJ.

F.A.: Municipal Official(s).

Other bidders were:

Sovereign Securities, Effective Rate 1.9077%

TD Bank, N.A., Effective Rate 1.91%

Roosevelt & Cross, Effective Rate 2.053%

J.P. Morgan Chase, Effective Rate 2.25%

Janney Montgomery, Effective Rate 2.3166%

Manalapan Township Fire District No. 2 Board of Commissioners

Mar 26, 2009 . . . . . . $700,000

Bond Anticipation Notes (bank qualified).

Dated Apr 2, 2009.

Due Apr 2, 2010.

Purchased $700,000.00 by Janney Montgomery, at 2.875%, plus n/a, effective rate n/a.

L.O.: McManimon & Scotland, Newark, NJ.

F.A.: Municipal Official(s).

Raritan Borough

Mar 17, 2009 . . . . . . $1,115,150

Bond Anticipation Notes, Series 2009 (bank qualified) (book entry).

Dated Mar 26, 2009.

Due Mar 25, 2010.

Purchased $1,115,150.00 by Janney Montgomery, at 2.75%, plus n/a, effective rate n/a.

L.O.: Gibbons P.C., Newark, NJ.

Other bidders were:

Fulton Financial, Effective Rate 3.5%

Saddle River Borough

Mar 26, 2009 . . . . . . $6,866,000

General Obligation Bond Anticipation Notes (bank qualified).

Dated Apr 3, 2009.

Due Apr 1, 2010.

Purchased $6,866,000.00 by Sovereign Securities, at 1.0%, plus n/a, effective rate n/a.

L.O.: Rogut McCarthy LLC, Cranford, NJ.

F.A.: Municipal Official(s).

Other bidders were:

TD Securities, Effective Rate 0.6935%

Wachovia Bank, Effective Rate 0.7609%

Bank of America, Effective Rate 2.0%

Janney Montgomery, Effective Rate 2.2017%

NEW YORK

Freeport Union Free School District

Mar 26, 2009 . . . . . . $11,910,000

School District Serial Bonds - 2009 (bank qualified) (book entry).

Dated Apr 1, 2009.

Due Apr 1, 2011 to 2024.

Callable Apr 1, 2018 at par.

Winning bid: Roosevelt & Cross, at n/a, NIC 3.642%.

Due Amount Cpn Yield Conc Ins
4/1/11 $660,000 3.10% NRO NRO AGC
4/1/12 $685,000 3.125% NRO NRO AGC
4/1/13 $715,000 3.125% NRO NRO AGC
4/1/14 $740,000 3.125% NRO NRO AGC
4/1/15 $770,000 3.125% NRO NRO AGC
4/1/16 $795,000 3.25% NRO NRO AGC
4/1/17 $825,000 3.25% NRO NRO AGC
4/1/18 $855,000 3.25% NRO NRO AGC
4/1/19 $890,000 3.50% NRO NRO AGC
4/1/20 $925,000 3.625% NRO NRO AGC
4/1/21 $955,000 3.75% NRO NRO AGC
4/1/22 $995,000 4.00% NRO NRO AGC
4/1/23 $1,030,000 4.00% NRO NRO AGC
4/1/24 $1,070,000 4.00% NRO NRO AGC

Other managers: Citigroup Global Markets, Inc., UBS Financial Services, Inc., Bank of New York Mellon Capital Markets, LLC, Ramirez & Co., Inc., Fidelity Capital Markets, CL King & Associates, Wachovia Securities, LLC, Loop Capital Markets, LLC.

L.O.: Hawkins, Delafield & Wood, New York, NY.

F.A.: New York Municipal Advisors Corp. (NYMAC), Syosset, NY.

Other bidders were:

Morgan Keegan, NIC 3.7246%

Robert W. Baird, NIC 3.8013%

Massena Central School District

Mar 26, 2009 . . . . . . $15,203,681

School District (Serial) Bonds, 2009 (bank qualified) (book entry).

Dated Apr 15, 2009.

Due Jun 15, 2010 to 2025.

Callable Jun 15, 2018 at par.

Winning bid: Roosevelt & Cross, at n/a, NIC 3.7049%.

Due Amount Cpn Yield Conc Ins
6/15/10 $668,681 3.00% NRO NRO AGC
6/15/11 $785,000 3.00% NRO NRO AGC
6/15/12 $815,000 3.00% NRO NRO AGC
6/15/13 $840,000 3.00% NRO NRO AGC
6/15/14 $865,000 3.00% NRO NRO AGC
6/15/15 $895,000 3.25% NRO NRO AGC
6/15/16 $925,000 3.25% NRO NRO AGC
6/15/17 $960,000 3.25% NRO NRO AGC
6/15/18 $995,000 3.50% NRO NRO AGC
6/15/19 $1,030,000 3.625% NRO NRO AGC
6/15/20 $1,070,000 3.75% NRO NRO AGC
6/15/21 $1,110,000 3.875% NRO NRO AGC
6/15/22 $1,155,000 4.00% NRO NRO AGC
6/15/23 $1,200,000 4.00% NRO NRO AGC
6/15/24 $1,250,000 4.00% NRO NRO AGC
6/15/25 $640,000 4.00% NRO NRO AGC

Other managers: Citigroup Global Markets, Inc., UBS Financial Services, Inc., Bank of New York Mellon Capital Markets, LLC, Ramirez & Co., Inc., Fidelity Capital Markets, CL King & Associates, Wachovia Securities, LLC.

L.O.: Orrick, Herrington & Sutcliffe, New York, NY.

F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.

Other bidders were:

Morgan Keegan, NIC 3.7796%

FTN Fin Cap Mkts, NIC 3.9223%

Schenectady (City)

Mar 26, 2009 . . . . . . $980,000

Bond Anticipation Renewal Notes, 2009 (bank qualified).

Dated Apr 2, 2009.

Due Apr 2, 2010.

Purchased $980,000.00 by Pioneer Comm Bk, at 1.98%, effective rate 1.98%.

L.O.: Hiscock & Barclay, LLP, Albany, NY.

F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.

Other bidders were:

NBT Bank, Effective Rate 2.14%

Berkshire Bank, Effective Rate 2.25%

M & T Bank, Effective Rate 2.37%

Bank of America, Effective Rate 2.49%

First Niagara Bank, Effective Rate 2.75%

OKLAHOMA

Latimer County Independent School District No. 1 (Wilburton)

Mar 25, 2009 . . . . . . $1,500,000

Building Bonds of 2009 (bank qualified) (book entry).

Dated May 1, 2009.

Due May 1, 2011 to 2016.

Non-callable.

Winning bid: UMB Bank, at n/a, NIC 2.4148%.

Due Amount Cpn Yield Conc Ins
5/1/11 $250,000 2.00% NRO NRO
5/1/12 $250,000 2.00% NRO NRO
5/1/13 $250,000 2.20% NRO NRO
5/1/14 $250,000 2.30% NRO NRO
5/1/15 $250,000 2.55% NRO NRO
5/1/16 $250,000 2.80% NRO NRO

In association with: Latimer State Bank.

L.O.: State Attorney General; and Hilborne & Weidman, Tulsa, OK.

F.A.: Stephen H. McDonald & Associates, Inc., Norman, OK.

Other bidders were:

Baker Group, NIC 2.7481%

First Bankers' Banc, NIC 2.7702%

Country Club Bank, NIC 2.8111%

BOSC, NIC 3.0%

Logan County Independent School District No. 3 (Mulhall-Orlando)

Mar 26, 2009 . . . . . . $345,000

Bulding Bonds of 2009 (bank qualified) (book entry).

Dated May 1, 2009.

Due May 1, 2011 to 2014.

Non-callable.

Winning bid: Farmers & Merchants, at n/a, NIC 2.6202%.

Due Amount Cpn Yield Conc Ins
5/1/11 $85,000 2.15% NRO NRO
5/1/12 $85,000 2.40% NRO NRO
5/1/13 $85,000 2.65% NRO NRO
5/1/14 $90,000 2.90% NRO NRO

L.O.: Phillips Murrah, P.C., Oklahoma City, OK; and State Attorney General.

F.A.: Stephen L. Smith Corp., Jenks, OK.

Other bidders were:

Country Club Bank, NIC 3.6749%

BOSC, NIC 4.0%

Southern Oklahoma Technology Center District No. 20 of Carter County (S. Oklahoma Technology Center)

Mar 26, 2009 . . . . . . $8,500,000

Building Bonds of 2009 (bank qualified) (book entry).

Dated May 1, 2009.

Due May 1, 2011 to 2015.

Non-callable.

Winning bid: BOSC, at n/a, NIC 2.485%.

Due Amount Cpn Yield Conc Ins
5/1/11 $1,700,000 2.70% NRO NRO
5/1/12 $1,700,000 2.20% NRO NRO
5/1/13 $1,700,000 2.40% NRO NRO
5/1/14 $1,700,000 2.50% NRO NRO
5/1/15 $1,700,000 2.60% NRO NRO

In association with: Citizens Bank and Trust Company., Bank of Oklahoma.

L.O.: State Attorney General; and Hilborne & Weidman, Tulsa, OK.

F.A.: Stephen H. McDonald & Associates, Inc., Norman, OK.

Other bidders were:

Baker Group, NIC 2.6025%

Country Club Bank, NIC 2.79%

First Bankers' Banc, NIC 2.8886%

J.P. Morgan Chase, NIC 3.9%

Hutchinson Shockey, NIC 5.3875%

OREGON

Springfield (City)

Mar 26, 2009 . . . . . . $22,815,000

Sewer System Revenue Bonds, Series 2009 (bank qualified) (book entry).

Dated Apr 2, 2009.

Due Jun 1, 2010 to 2029.

Callable Jun 1, 2019 at par.

Winning bid: Morgan Keegan, at 99.9643, TIC 4.1497%.

Due Amount Cpn Yield Conc Ins
6/1/10 $660,000 3.00% NRO NRO AGC
6/1/11 $825,000 3.00% NRO NRO AGC
6/1/12 $850,000 3.00% NRO NRO AGC
6/1/13 $875,000 3.00% NRO NRO AGC
6/1/14 $905,000 3.00% NRO NRO AGC
6/1/15 $930,000 4.00% NRO NRO AGC
6/1/16 $970,000 4.00% NRO NRO AGC
6/1/17 $1,005,000 4.00% NRO NRO AGC
6/1/18 $1,045,000 4.00% NRO NRO AGC
6/1/19 $1,090,000 4.00% NRO NRO AGC
6/1/20 $1,135,000 4.00% NRO NRO AGC
6/1/21 $1,180,000 4.00% NRO NRO AGC
6/1/22 $1,225,000 4.00% NRO NRO AGC
6/1/23 $1,275,000 4.00% NRO NRO AGC
6/1/24 $1,325,000 4.125% NRO NRO AGC
6/1/25 $1,380,000 4.25% NRO NRO AGC
6/1/26 $1,440,000 4.375% NRO NRO AGC
6/1/27 $1,500,000 4.375% NRO NRO AGC
6/1/28 $1,565,000 4.50% NRO NRO AGC
6/1/29 $1,635,000 4.50% NRO NRO AGC

L.O.: K&L Gates LLP, Portland, OR.

F.A.: Western Financial Group, LLC, Lake Oswego, OR.

Other bidders were:

Robert W. Baird, TIC 4.3278%

Hutchinson Shockey, TIC 4.4319%

Morgan Stanley, TIC 4.4343%

BMO Capital Markets, TIC 4.509%

UBS Financial Svcs, TIC 4.5936%

Wells Fargo Brkge, TIC 4.7302%

TEXAS

Brazoria County Municipal Utility District No. 29

Mar 26, 2009 . . . . . . $6,325,000

Unlimited Tax Bonds, Series 2009 (bank qualified) (book entry).

Dated Apr 1, 2009.

Due Mar 1, 2011 to 2034.

Callable Mar 1, 2016 at par.

Winning bid: RBC Capital Mkts, at 97.0000, NIC 6.6912%.

Due Amount Cpn Yield Conc Ins
3/1/11 $100,000 5.00% 4.00%
3/1/12 $105,000 5.00% 4.25%
3/1/13 $115,000 5.00% 4.50%
3/1/14 $120,000 5.00% 4.75%
3/1/15 $130,000 5.00% 5.00%
3/1/16 $140,000 5.25% 5.25%
3/1/17 $155,000 5.50% 5.50%
3/1/19 $345,000 5.75% 5.75%
3/1/20 $190,000 6.00% 6.00%
3/1/21 $205,000 6.10% 6.10%
3/1/22 $225,000 6.20% 6.20%
3/1/23 $240,000 6.30% 6.30%
3/1/24 $260,000 6.40% 6.40%
3/1/25 $280,000 6.50% 6.50%
3/1/26 $300,000 6.50% 6.55%
3/1/27 $325,000 6.60% 6.60%
3/1/28 $350,000 6.60% 6.65%
3/1/34 $2,740,000 6.70% 6.80%

Other managers: First Southwest Company.

L.O.: Allen Boone Humphries Robinson LLP, Houston, TX; and State Attorney General.

F.A.: Rathmann & Associates, L.P., Houston, TX.

Other bidders were:

GMS Group, NIC 6.9141%

TAXABLE ISSUES

NEW JERSEY

Cliffside Park Borough

Mar 4, 2009 . . . . . . $13,500,000

Taxable Bond Anticipation Notes, Series 2009A (book entry).

Dated Mar 12, 2009.

Due Oct 9, 2009.

Purchased $13,500,000.00 by Janney Montgomery, at n/a, effective rate n/a.

L.O.: DeCotiis, FitzPatrick, Cole & Wisler, LLP, Trenton, NJ; and DeCotiis, FitzPatrick, Cole & Wisler, LLP, Teaneck, NJ.

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