Results of Competitive Sales

ARKANSAS

Westside Consolidated School District No. 5 of Craighead County

Nov 8, 2011 . . . . . . $5,980,000

Refunding Bonds, Series A (Arkansas School District Credit Enhancement Program) (bank qualified) (book entry).

Dated Dec 1, 2011.

Due Feb 1, 2012 to 2042.

Callable Feb 1, 2017 at par.

Winning bid: Morgan Keegan, at 99.0710, TIC 3.654%.

Due Amount Cpn Yield Conc Ins
2/1/12 $225,000 1.00% NRO NRO
2/1/13 $125,000 1.00% NRO NRO
2/1/14 $125,000 1.00% NRO NRO
2/1/15 $130,000 1.20% NRO NRO
2/1/16 $130,000 1.40% NRO NRO
2/1/17 $135,000 1.60% NRO NRO
2/1/18 $135,000 1.75% NRO NRO
2/1/19 $140,000 2.00% NRO NRO
2/1/20 $140,000 2.125% NRO NRO
2/1/22 $295,000 2.375% NRO NRO
2/1/24 $315,000 2.625% NRO NRO
2/1/26 $335,000 2.90% NRO NRO
2/1/28 $355,000 3.125% NRO NRO
2/1/30 $380,000 3.25% NRO NRO
2/1/32 $410,000 3.75% NRO NRO
2/1/35 $675,000 3.875% NRO NRO
2/1/38 $765,000 4.00% NRO NRO
2/1/42 $1,165,000 4.10% NRO NRO

L.O.: Friday Eldredge & Clark, Little Rock, AR.

F.A.: Stephens Inc., Little Rock, AR.

Other bidders were:

Ross Sinclaire, TIC 3.7367%

Crews & Associates, TIC 3.766%

FTN Fin Cap Mkts, TIC 3.7929%

FLORIDA

Florida State Board of Education

Nov 8, 2011 . . . . . . $164,450,000

Public Education Capital Outlay Refunding Bonds, 2011 Series E (book entry).

Dated Dec 8, 2011.

Due Jun 1, 2022 to 2032.

Callable Jun 1, 2021 at par.

Winning bid: BA Merrill Lynch, at 107.7261, TIC 3.9534%.

Due Amount Cpn Yield Conc Ins
6/1/22 $3,580,000 5.00% NRO NRO
6/1/23 $14,120,000 4.00% 3.04%
6/1/24 $14,710,000 5.00% NRO NRO
6/1/25 $15,465,000 5.00% 3.26%
6/1/26 $16,265,000 5.00% 3.42%
6/1/27 $17,100,000 5.00% 3.53%
6/1/28 $17,965,000 5.00% 3.63%
6/1/29 $18,895,000 5.00% NRO NRO
6/1/30 $19,880,000 4.00% 4.10%
6/1/31 $20,700,000 4.00% NRO NRO
6/1/32 $5,770,000 4.25% NRO NRO

L.O.: Squire, Sanders & Dempsey (US) LLP, Tampa, FL.

F.A.: Division of Bond Finance, Tallahassee, FL.

Other bidders were:

Citigroup, TIC 3.9638%

JPMorgan, TIC 3.9933%

Wells Fargo Secs, TIC 3.997%

Barclays Capital, TIC 4.0137%

RBC Capital Mkts, TIC 4.0327%

Jefferies, TIC 4.0338%

ILLINOIS

Aurora (City)

Nov 8, 2011 . . . . . . $9,060,000

General Obligation Refunding Bonds, Series 2011 (bank qualified) (book entry).

Dated Nov 29, 2011.

Due Dec 30, 2012 to 2022.

Callable Dec 30, 2020 at par.

Winning bid: Stifel Nicolaus, at n/a, TIC 1.7487%.

Due Amount Cpn Yield Conc Ins
12/30/12 $105,000 2.00% 0.45%
12/30/13 $1,225,000 2.00% NRO NRO
12/30/14 $1,330,000 2.50% NRO NRO
12/30/15 $1,360,000 3.00% NRO NRO
12/30/16 $1,405,000 3.00% NRO NRO
12/30/17 $1,445,000 3.00% 1.62%
12/30/18 $1,335,000 3.00% 1.87%
12/30/19 $330,000 3.00% 2.11%
12/30/20 $330,000 3.00% 2.36%
12/30/22 $195,000 3.00% 2.70%

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

F.A.: Speer Financial, Inc., Chicago, IL.

Other bidders were:

Morgan Keegan, TIC 1.7668%

Raymond James, TIC 1.7804%

BMO Cap Mkts GKST, TIC 1.7896%

Janney Montgomery, TIC 1.7927%

Robert W. Baird, TIC 1.8156%

BOSC, TIC 1.9281%

Northbrook Village

Nov 8, 2011 . . . . . . $3,000,000

General Obligation Bonds, Series 2011 (bank qualified) (book entry).

Dated Nov 22, 2011.

Due Dec 1, 2013 to 2032.

Callable Dec 1, 2020 at par.

Winning bid: Robert W. Baird, at 100.4397, TIC 3.2751%.

Due Amount Cpn Yield Conc Ins
12/1/13 $115,000 2.00% 0.65%
12/1/14 $120,000 2.00% 0.90%
12/1/15 $120,000 2.00% 1.20%
12/1/16 $125,000 3.00% 1.45%
12/1/17 $125,000 3.00% 1.70%
12/1/18 $130,000 3.00% 1.95%
12/1/19 $130,000 3.00% 2.20%
12/1/20 $135,000 3.00% 2.45%
12/1/21 $140,000 3.00% 2.60%
12/1/22 $140,000 3.00% 2.75%
12/1/23 $145,000 3.00% 2.90%
12/1/24 $150,000 3.05% 3.05%
12/1/25 $155,000 3.20% 3.20%
12/1/26 $160,000 3.30% 3.30%
12/1/27 $170,000 3.40% 3.40%
12/1/28 $175,000 3.50% 3.50%
12/1/30 $365,000 3.60% 3.60%
12/1/32 $400,000 3.75% 3.75%

Other managers: CL King & Associates, Coastal Securities Corp., SAMCO Capital Markets, Loop Capital Markets, LLC, Kildare Capital, Inc., Crews & Associates, Inc., Cronin & Co., Inc., Edward D. Jones & Co., Vining-Sparks IBG, Limited Partnership, Davenport & Company LLC, Jackson Securities Inc., Isaak Bond Investments, Inc., Advisors Asset Management Inc, FTN Financial Capital Markets.

L.O.: Katten Muchin Rosenman LLP, Chicago, IL.

F.A.: William Blair & Company, LLC, Chicago, IL.

Other bidders were:

Raymond James, TIC 3.3464%

BMO Cap Mkts GKST, TIC 3.4278%

Sterne Agee, TIC 3.4494%

Bernardi Securities, TIC 3.5129%

INDIANA

Starke County Public Library

Nov 8, 2011 . . . . . . $1,785,000

General Obligation Bonds of 2011 (bank qualified) (book entry).

Dated Nov 22, 2011.

Due Jul 5, 2012 to 2031.

Callable Jan 5, 2021 at par.

Winning bid: DeMotte St Bk, at n/a, NIC 3.65%.

Due Amount Cpn Yield Conc Ins
7/5/12 $30,000 3.65% NRO NRO
1/5/13 $35,000 3.65% NRO NRO
7/5/13 $35,000 3.65% NRO NRO
1/5/14 $35,000 3.65% NRO NRO
7/5/14 $35,000 3.65% NRO NRO
1/5/15 $35,000 3.65% NRO NRO
7/5/15 $35,000 3.65% NRO NRO
1/5/16 $35,000 3.65% NRO NRO
7/5/16 $40,000 3.65% NRO NRO
1/5/17 $40,000 3.65% NRO NRO
7/5/17 $40,000 3.65% NRO NRO
1/5/18 $40,000 3.65% NRO NRO
7/5/18 $40,000 3.65% NRO NRO
1/5/19 $40,000 3.65% NRO NRO
7/5/19 $40,000 3.65% NRO NRO
1/5/20 $40,000 3.65% NRO NRO
7/5/20 $40,000 3.65% NRO NRO
1/5/21 $40,000 3.65% NRO NRO
7/5/21 $45,000 3.65% NRO NRO
1/5/22 $45,000 3.65% NRO NRO
7/5/22 $45,000 3.65% NRO NRO
1/5/23 $45,000 3.65% NRO NRO
7/5/23 $45,000 3.65% NRO NRO
1/5/24 $45,000 3.65% NRO NRO
7/5/24 $50,000 3.65% NRO NRO
1/5/25 $50,000 3.65% NRO NRO
7/5/25 $50,000 3.65% NRO NRO
1/5/26 $50,000 3.65% NRO NRO
7/5/26 $50,000 3.65% NRO NRO
1/5/27 $55,000 3.65% NRO NRO
7/5/27 $55,000 3.65% NRO NRO
1/5/28 $55,000 3.65% NRO NRO
7/5/28 $55,000 3.65% NRO NRO
1/5/29 $60,000 3.65% NRO NRO
7/5/29 $60,000 3.65% NRO NRO
1/5/30 $60,000 3.65% NRO NRO
7/5/30 $60,000 3.65% NRO NRO
1/5/31 $65,000 3.65% NRO NRO
7/5/31 $65,000 3.65% NRO NRO

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

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

Other bidders were:

Ross Sinclaire, NIC 3.671%

Fifth Third Secs, NIC 3.833%

City Securities, NIC 3.965%

J.J.B. Hilliard, NIC 4.036%

IOWA

Independence Community School District

Nov 8, 2011 . . . . . . $8,115,000

School Infrastructure Sales, Services and Use Tax Revenue Bonds, Series 2011 (bank qualified) (book entry).

Dated Dec 1, 2011.

Due Jul 1, 2013 to 2029.

Callable Jul 1, 2020 at par.

Winning bid: Northland Securities, at 99.5533, TIC 2.8907%.

Due Amount Cpn Yield Conc Ins
7/1/13 $400,000 2.00% 0.75%
7/1/14 $375,000 2.00% NRO NRO
7/1/15 $385,000 2.00% NRO NRO
7/1/16 $395,000 2.00% NRO NRO
7/1/17 $410,000 2.00% NRO NRO
7/1/18 $420,000 2.00% NRO NRO
7/1/19 $435,000 2.15% NRO NRO
7/1/20 $450,000 2.30% NRO NRO
7/1/21 $465,000 2.45% 2.45%
7/1/22 $480,000 2.60% 2.60%
7/1/23 $495,000 2.75% NRO NRO
7/1/24 $515,000 2.85% NRO NRO
7/1/25 $535,000 3.00% NRO NRO
7/1/26 $555,000 3.10% 3.10%
7/1/27 $575,000 3.25% 3.25%
7/1/28 $600,000 3.35% NRO NRO
7/1/29 $625,000 3.40% NRO NRO

L.O.: Ahlers & Cooney, P.C., Des Moines, IA.

F.A.: Piper Jaffray & Company, Des Moines, IA.

Other bidders were:

D.A. Davidson, TIC 2.9304%

Morgan Keegan, TIC 3.0583%

Robert W. Baird, TIC 3.1656%

Hutchinson Shockey, TIC 3.2504%

Lenox Community School District

Nov 7, 2011 . . . . . . $2,470,000

General Obligation School Refunding Bonds Series 2011 (bank qualified) (book entry).

Dated Dec 8, 2011.

Due Jun 1, 2014 to 2023.

Callable Jun 1, 2016 at par.

Winning bid: UMB Bank, at 99.3200, TIC 2.0083%.

Due Amount Cpn Yield Conc Ins
6/1/14 $225,000 0.60% NRO NRO
6/1/15 $225,000 0.80% NRO NRO
6/1/16 $230,000 1.05% NRO NRO
6/1/17 $235,000 1.30% NRO NRO
6/1/18 $245,000 1.55% NRO NRO
6/1/19 $250,000 1.80% NRO NRO
6/1/20 $255,000 2.00% NRO NRO
6/1/21 $260,000 2.20% NRO NRO
6/1/22 $270,000 2.35% NRO NRO
6/1/23 $275,000 2.55% NRO NRO

L.O.: Ahlers & Cooney, P.C., Des Moines, IA.

F.A.: Piper Jaffray & Company, Des Moines, IA.

Other bidders were:

Vining-Sparks IBG, TIC 2.0382%

Bankers' Bank, TIC 2.0721%

FTN Fin Cap Mkts, TIC 2.108%

Robert W. Baird, TIC 2.1105%

D.A. Davidson, TIC 2.1798%

Hutchinson Shockey, TIC 2.1926%

BOSC, TIC 2.3109%

Northland Securities, TIC 2.3579%

KANSAS

Anthony (City)

Nov 7, 2011 . . . . . . $172,000

General Obligation Temporary Notes, Series 2011 (bank qualified).

Dated Nov 15, 2011.

Due Nov 1, 2014.

Callable Nov 1, 2012 at par.

Winning bid: UMB Bank, at n/a, NIC 0.9016%.

Due Amount Cpn Yield Conc Ins
11/1/14 $172,000 0.75% NRO NRO

L.O.: Gilmore & Bell, Wichita, KS.

F.A.: Ranson Financial Consultants, L.L.C., Wichita, KS.

Other bidders were:

Cooper Malone, NIC 0.9708%

Kanza Bk, NIC 0.9831%

Commerce Bank, NIC 1.2216%

Central States Cap, NIC 1.461%

MARYLAND

Charles County Commissioners

Nov 8, 2011 . . . . . . $24,505,000

General Obligation Refunding Bonds of 2011 (book entry).

Dated Nov 22, 2011.

Due Nov 1, 2014 to 2019.

Non-callable.

Winning bid: JPMorgan, at 113.6890, TIC 1.5482%.

Due Amount Cpn Yield Conc Ins
11/1/14 $1,000,000 5.00% NRO NRO
11/1/15 $2,865,000 4.00% 0.98%
11/1/16 $5,440,000 4.00% 1.24%
11/1/17 $6,605,000 4.00% 1.47%
11/1/18 $5,435,000 4.00% 1.72%
11/1/19 $3,160,000 4.00% 1.98%

L.O.: McGuireWoods LLP, Baltimore, MD.

F.A.: Davenport & Company LLC, Towson, MD.

Other bidders were:

Citigroup, TIC 1.5557%

Hutchinson Shockey, TIC 1.5643%

Jefferies, TIC 1.5801%

Janney Montgomery, TIC 1.597%

BA Merrill Lynch, TIC 1.6187%

Southwest Securities, TIC 1.6204%

TD Securities, TIC 1.6209%

Morgan Keegan, TIC 1.6395%

M & T Securities, TIC 1.6466%

Morgan Stanley, TIC 1.6796%

UBS Financial Svcs, TIC 1.6809%

MASSACHUSETTS

Holyoke (City)

Nov 8, 2011 . . . . . . $5,500,000

General Obligation Bond Anticipation Notes (Series A-new money).

Dated Nov 14, 2011.

Due Feb 24, 2012.

Purchased $5,500,000.00 by TD Securities, at 1.3%, plus $10,560.00, effective rate 0.6088%.

L.O.: Edwards Wildman Palmer LLP, Boston, MA.

F.A.: FirstSouthwest, Boston, MA.

Other bidders were:

Jefferies, Effective Rate 0.6731%

Eastern Bk Cap Mkts, Effective Rate 0.739%

Peoples Bk, Effective Rate 0.952%

Oppenheimer, Effective Rate 0.9531%

Holyoke (City)

Nov 8, 2011 . . . . . . $5,843,900

General Obligation Bond Anticipation Notes (Series B-new money).

Dated Nov 14, 2011.

Due Nov 14, 2012.

Purchased $5,843,900.00 by Jefferies, at 1.5%, plus $41,728.00, effective rate 0.786%.

L.O.: Edwards Wildman Palmer LLP, Boston, MA.

F.A.: FirstSouthwest, Boston, MA.

Other bidders were:

Oppenheimer, Effective Rate 0.8623%

TD Securities, Effective Rate 0.874%

Eastern Bk Cap Mkts, Effective Rate 1.014%

United Bank, Effective Rate 1.07%

Eastern Bk Cap Mkts, Effective Rate 1.084%

Peoples Bk, Effective Rate 1.35%

North Attleborough (Town)

Nov 8, 2011 . . . . . . $1,777,736

General Obligation Municipal Purpose Loan of 2011 Bonds (bank qualified) (book entry).

Dated Nov 15, 2011.

Due Nov 15, 2012 to 2021.

Non-callable.

Winning bid: Eastern Bk Cap Mkts, at 102.8152, TIC 1.802%.

Due Amount Cpn Yield Conc Ins
11/15/12 $282,736 2.00% 0.60%
11/15/13 $260,000 2.00% 0.70%
11/15/14 $250,000 2.00% 0.90%
11/15/15 $230,000 2.00% 1.20%
11/15/16 $220,000 2.00% 1.45%
11/15/17 $125,000 3.00% 1.67%
11/15/18 $110,000 2.50% 1.92%
11/15/19 $100,000 3.00% NRO NRO
11/15/20 $100,000 3.00% NRO NRO
11/15/21 $100,000 3.00% NRO NRO

L.O.: Edwards Wildman Palmer LLP, Boston, MA.

F.A.: UniBank Fiscal Advisory Services, Inc., Whitinsville, MA.

Other bidders were:

Roosevelt & Cross, TIC 1.8869%

Raymond James, TIC 1.9093%

Robert W. Baird, TIC 2.0707%

Princeton (Town)

Nov 8, 2011 . . . . . . $450,000

Bond Anticipation Notes (bank qualified).

Dated Nov 22, 2011.

Due Nov 16, 2012.

Purchased $450,000.00 by Eastern Bk Cap Mkts, at 0.85%, effective rate 0.85%.

F.A.: FirstSouthwest, Boston, MA.

Other bidders were:

Greenfield Co-Op Bk, Effective Rate 0.88%

UniBank Fiscal Adv, Effective Rate 0.88%

People's United Bk, Effective Rate 0.9%

Scituate (Town)

Nov 8, 2011 . . . . . . $2,186,479

General Obligation Bond Anticipation Notes (new money).

Dated Nov 18, 2011.

Due Nov 16, 2012.

Purchased $2,186,480.00 by Jefferies, at 1.75%, plus $28,841.00, effective rate 0.4236%.

L.O.: Edwards Wildman Palmer LLP, Boston, MA.

F.A.: FirstSouthwest, Boston, MA.

Other bidders were:

FirstSouthwest, Effective Rate 0.4288%

TD Securities, Effective Rate 0.523%

Eastern Bk Cap Mkts, Effective Rate 0.548%

Janney Montgomery, Effective Rate 0.5797%

Oppenheimer, Effective Rate 0.7492%

Century Bk, Effective Rate 0.9478%

MINNESOTA

Lakeville (City)

Nov 7, 2011 . . . . . . $1,880,000

General Obligation Refunding Bonds, Series 2011B (bank qualified) (book entry).

Dated Dec 1, 2011.

Due Apr 1, 2013 to 2021.

Non-callable.

Winning bid: UMB Bank, at 99.3100, TIC 1.4066%.

Due Amount Cpn Yield Conc Ins
4/1/13 $470,000 0.50% NRO NRO
4/1/14 $475,000 0.60% NRO NRO
4/1/15 $485,000 0.75% NRO NRO
4/1/17 $145,000 1.25% NRO NRO
4/1/19 $150,000 1.75% NRO NRO
4/1/21 $155,000 2.15% NRO NRO

L.O.: Dorsey & Whitney, Minneapolis, MN.

F.A.: Springsted Incorporated, St. Paul, MN.

Other bidders were:

United Banker's Bk, TIC 1.4323%

Robert W. Baird, TIC 1.519%

BOSC, TIC 1.5834%

Northland Securities, TIC 1.7361%

Maple Grove (City)

Nov 7, 2011 . . . . . . $1,250,000

General Obligation Road Reconstruction Refunding Bonds, Series 2011C (bank qualified) (book entry).

Dated Dec 1, 2011.

Due Feb 1, 2014 to 2019.

Non-callable.

Winning bid: UMB Bank, at 99.4700, TIC 1.3586%.

Due Amount Cpn Yield Conc Ins
2/1/14 $200,000 0.60% NRO NRO
2/1/15 $205,000 0.75% NRO NRO
2/1/16 $205,000 0.95% NRO NRO
2/1/17 $205,000 1.20% NRO NRO
2/1/18 $215,000 1.45% NRO NRO
2/1/19 $220,000 1.65% NRO NRO

L.O.: Faegre & Benson, Minneapolis, MN.

F.A.: Springsted Incorporated, St. Paul, MN.

Other bidders were:

Robert W. Baird, TIC 1.4893%

United Banker's Bk, TIC 1.4964%

BOSC, TIC 1.5364%

Northland Securities, TIC 1.5959%

Piper Jaffray, TIC 1.6122%

Minneapolis (City)

Nov 8, 2011 . . . . . . $8,495,000

General Obligation Improvement Bonds, Series 2011 (book entry).

Dated Nov 22, 2011.

Due Dec 1, 2012 to 2031.

Callable Dec 1, 2018 at par.

Winning bid: Citigroup, at 102.3976, TIC 1.935%.

Due Amount Cpn Yield Conc Ins
12/1/12 $1,465,000 2.00% S.B. S.B.
12/1/13 $1,415,000 2.00% S.B. S.B.
12/1/14 $1,415,000 2.00% S.B. S.B.
12/1/15 $1,415,000 2.00% S.B. S.B.
12/1/16 $1,415,000 2.00% 1.34%
12/1/17 $100,000 3.00% 1.50%
12/1/18 $100,000 3.00% 1.75%
12/1/19 $90,000 3.00% 2.00%
12/1/20 $90,000 3.00% 2.25%
12/1/21 $90,000 3.00% 2.40%
12/1/22 $90,000 3.00% 2.55%
12/1/23 $90,000 3.00% 2.70%
12/1/24 $90,000 3.00% 2.85%
12/1/25 $90,000 3.00% 3.00%
12/1/26 $90,000 3.00% NRO NRO
12/1/27 $90,000 3.125% NRO NRO
12/1/28 $90,000 3.25% NRO NRO
12/1/29 $90,000 3.50% 3.40%
12/1/30 $90,000 3.50% 3.45%
12/1/31 $90,000 3.50% NRO NRO

Other managers: UBS Financial Services, Inc..

L.O.: Kennedy & Graven, Minneapolis, MN.

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

Other bidders were:

Morgan Stanley, TIC 2.0792%

Robert W. Baird, TIC 2.1101%

Wells Fargo Secs, TIC 2.15%

Hutchinson Shockey, TIC 2.3138%

Minneapolis (City)

Nov 8, 2011 . . . . . . $39,300,000

General Obligation Convention Center Refunding Bonds, Series 2011A (book entry).

Dated Nov 22, 2011.

Due Dec 1, 2016 to 2018.

Non-callable.

Winning bid: JPMorgan, at 101.2722, TIC 1.7603%.

Due Amount Cpn Yield Conc Ins
12/1/16 $18,650,000 2.00% 1.49%
12/1/17 $18,650,000 2.00% 1.72%
12/1/18 $2,000,000 2.00% 1.96%

L.O.: Kennedy & Graven, Minneapolis, MN.

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

Other bidders were:

Wells Fargo Secs, TIC 1.78%

Hutchinson Shockey, TIC 1.8307%

Piper Jaffray, TIC 1.9099%

BA Merrill Lynch, TIC 2.1428%

Minneapolis (City)

Nov 8, 2011 . . . . . . $42,200,000

General Obligation Library Referendum Refunding Bonds, Series 2011 (book entry).

Dated Nov 22, 2011.

Due Dec 1, 2012 to 2019.

Callable Dec 1, 2018 at par.

Winning bid: Wells Fargo Secs, at 100.0056, TIC 1.999%.

Due Amount Cpn Yield Conc Ins
12/1/12 $2,000,000 2.00% 0.25%
12/1/13 $2,200,000 2.00% 0.48%
12/1/14 $2,400,000 2.00% 0.70%
12/1/15 $2,500,000 2.00% 1.00%
12/1/16 $2,650,000 2.00% 1.30%
12/1/17 $4,350,000 2.00% 1.55%
12/1/18 $4,000,000 2.00% 1.77%
12/1/19 $22,100,000 2.00% 2.068%

L.O.: Kennedy & Graven, Minneapolis, MN.

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

Other bidders were:

JPMorgan, TIC 2.0336%

Hutchinson Shockey, TIC 2.2884%

Piper Jaffray, TIC 2.3556%

BA Merrill Lynch, TIC 2.4938%

Paynesville Independent School District No 741

Nov 8, 2011 . . . . . . $2,325,000

General Obligation Aid Anticipation Certificates of Indebtedness, Series 2011A (MN SD Credit Enhancement Program) (bank qualified).

Dated Nov 29, 2011.

Due Sep 28, 2012.

Purchased $2,325,000.00 by Piper Jaffray, at 1.0%, plus $9,927.74, effective rate 0.4859%.

L.O.: Dorsey & Whitney, Minneapolis, MN.

F.A.: Ehlers, Roseville, MN.

Other bidders were:

Northland Securities, Effective Rate 0.5762%

Jefferies, Effective Rate 0.5946%

Janney Montgomery, Effective Rate 0.6641%

Rogers (City)

Nov 8, 2011 . . . . . . $4,925,000

General Obligation Capital Improvement Plan Bonds, Series 2011B (bank qualified) (book entry).

Dated Dec 6, 2011.

Due Dec 15, 2012 to 2025.

Callable Dec 15, 2020 at par.

Winning bid: Vining-Sparks IBG, at 100.5325, TIC 2.2008%.

Due Amount Cpn Yield Conc Ins
12/15/12 $320,000 2.00% NRO NRO
12/15/13 $330,000 2.00% NRO NRO
12/15/14 $340,000 2.00% NRO NRO
12/15/15 $350,000 2.00% NRO NRO
12/15/16 $360,000 2.00% NRO NRO
12/15/17 $365,000 2.00% NRO NRO
12/15/18 $310,000 2.00% NRO NRO
12/15/19 $325,000 2.00% NRO NRO
12/15/20 $335,000 2.00% NRO NRO
12/15/21 $350,000 2.10% NRO NRO
12/15/22 $360,000 2.30% NRO NRO
12/15/23 $370,000 2.50% NRO NRO
12/15/24 $390,000 2.60% NRO NRO
12/15/25 $420,000 2.70% NRO NRO

L.O.: Kennedy & Graven, Minneapolis, MN.

F.A.: Ehlers, Roseville, MN.

Other bidders were:

Raymond James, TIC 2.2179%

United Banker's Bk, TIC 2.2181%

UMB Bank, TIC 2.2378%

Morgan Keegan, TIC 2.2408%

Janney Montgomery, TIC 2.2593%

Piper Jaffray, TIC 2.2946%

BOSC, TIC 2.3044%

Robert W. Baird, TIC 2.334%

MISSOURI

Clayton (City)

Nov 8, 2011 . . . . . . $10,000,000

Special Obligation Bonds, Series 2011 (bank qualified) (book entry).

Dated Nov 22, 2011.

Due Dec 1, 2012 to 2031.

Callable Dec 1, 2020 at par.

Winning bid: Stifel Nicolaus, at 100.0000, TIC 2.8858%.

Due Amount Cpn Yield Conc Ins
12/1/12 $360,000 2.00% 0.40%
12/1/13 $380,000 2.00% 0.60%
12/1/14 $390,000 2.00% 0.875%
12/1/15 $405,000 2.00% 1.10%
12/1/16 $415,000 2.00% 1.35%
12/1/17 $425,000 2.00% 1.55%
12/1/18 $440,000 2.00% 1.80%
12/1/19 $455,000 2.25% 2.00%
12/1/20 $465,000 2.50% 2.20%
12/1/21 $480,000 2.75% 2.30%
12/1/22 $495,000 3.00% 2.45%
12/1/23 $510,000 3.00% 2.55%
12/1/24 $530,000 3.00% 2.65%
12/1/25 $545,000 3.00% 2.77%
12/1/26 $565,000 3.00% 2.90%
12/1/27 $585,000 3.00% 3.00%
12/1/28 $605,000 3.00% 3.10%
12/1/29 $625,000 3.10% 3.20%
12/1/30 $650,000 3.20% 3.27%
12/1/31 $675,000 3.25% 3.34%

Other managers: FirstSouthwest.

L.O.: Gilmore & Bell, St. Louis, MO.

F.A.: Piper Jaffray & Company, St Louis, MO.

Other bidders were:

PNC Capital Markets, TIC 3.2542%

Robert W. Baird, TIC 3.5013%

NEVADA

Clark County

Nov 8, 2011 . . . . . . $118,105,000

Highway Revenue (Motor Vehicle Fuel Tax) Refunding Bonds, Series 2011 (book entry).

Dated Nov 29, 2011.

Due Jul 1, 2012 to 2023.

Non-callable.

Winning bid: JPMorgan, at n/a, TIC 2.7802%.

Due Amount Cpn Yield Conc Ins
7/1/12 $2,200,000 4.00% NRO NRO
7/1/14 $9,285,000 5.00% NRO NRO
7/1/15 $9,725,000 5.00% 1.50%
7/1/16 $10,185,000 5.00% 1.80%
7/1/17 $10,680,000 5.00% 2.10%
7/1/18 $11,200,000 5.00% 2.35%
7/1/19 $11,745,000 5.00% 2.60%
7/1/20 $12,320,000 5.00% 2.89%
7/1/21 $12,930,000 5.00% 3.05%
7/1/22 $13,580,000 5.00% 3.20%
7/1/23 $14,255,000 5.00% 3.35%

L.O.: Swendseid & Stern, Las Vegas, NV.

F.A.: Hobbs, Ong & Associates, Inc., Las Vegas, NV; and Public Financial Management, Inc., San Francisco, CA.

Other bidders were:

BA Merrill Lynch, TIC 2.8502%

Citigroup, TIC 2.8681%

Morgan Stanley, TIC 2.9155%

Barclays Capital, TIC 2.9264%

Wells Fargo Secs, TIC 2.927%

Robert W. Baird, TIC 3.0056%

Piper Jaffray, TIC 3.0232%

NEW YORK

Geneva City School District

Nov 8, 2011 . . . . . . $717,745

School District (Serial) Bonds, 2011 (bank qualified).

Dated Nov 22, 2011.

Due Nov 15, 2012 to 2016.

Non-callable.

Winning bid: Five Star Bnk, at n/a, NIC 2.2%.

Due Amount Cpn Yield Conc Ins
11/15/12 $137,745 2.20% NRO NRO
11/15/13 $140,000 2.20% NRO NRO
11/15/14 $145,000 2.20% NRO NRO
11/15/15 $145,000 2.20% NRO NRO
11/15/16 $150,000 2.20% NRO NRO

L.O.: Timothy R. McGill, Esq., Fairport, NY.

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

Other bidders were:

Roosevelt & Cross, NIC 2.2931%

JPMorgan Chase, NIC 2.39%

First Niagara Bank, NIC 3.5%

Livonia Central School District

Nov 8, 2011 . . . . . . $343,580

School District (Serial) Bonds, 2011 (bank qualified).

Dated Nov 22, 2011.

Due Jun 15, 2012 to 2016.

Non-callable.

Winning bid: Bank of Greene Co, at n/a, NIC 2.0917%.

Due Amount Cpn Yield Conc Ins
6/15/12 $68,580 1.00% NRO NRO
6/15/13 $65,000 1.35% NRO NRO
6/15/14 $70,000 1.80% NRO NRO
6/15/15 $70,000 2.25% NRO NRO
6/15/16 $70,000 2.50% NRO NRO

L.O.: Harris Beach PLLC, Rochester, NY.

F.A.: Bernard P. Donegan, Inc., Victor, NY.

Other bidders were:

Five Star Bnk, NIC 2.2%

Sage Rutty, NIC 2.306%

JPMorgan Chase, NIC 2.36%

Roosevelt & Cross, NIC 2.455%

McGraw Central School District

Nov 8, 2011 . . . . . . $294,000

Bond Anticipation Notes, 2011 (Renewal) (bank qualified).

Dated Nov 17, 2011.

Due Nov 16, 2012.

Purchased $294,000.00 by First Niagara Bank, at 1.75%, effective rate 1.75%.

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

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

Other bidders were:

Alliance Bank, Effective Rate 1.95%

Roosevelt & Cross, Effective Rate 1.9945%

Oppenheimer, Effective Rate 2.4386%

North Syracuse Central School District

Nov 8, 2011 . . . . . . $1,432,762

Bond Anticipation Notes, 2011.

Dated Nov 17, 2011.

Due Aug 17, 2012.

Purchased $1,432,760.00 by JPMorgan Chase, at 1.12%, effective rate 1.12%.

L.O.: Bond, Schoeneck & King, PLLCP, Syracuse, NY.

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

Other bidders were:

Jefferies, Effective Rate 1.1838%

Oppenheimer, Effective Rate 1.2017%

First Niagara Bank, Effective Rate 1.3%

Roosevelt & Cross, Effective Rate 1.9929%

Putnam County

Nov 8, 2011 . . . . . . $3,680,181

Public Improvement (Serial) Bonds, 2011 (book entry).

Dated Nov 15, 2011.

Due Nov 15, 2013 to 2023.

Callable Nov 15, 2019 at par.

Winning bid: Roosevelt & Cross, at n/a, NIC 2.3754%.

Due Amount Cpn Yield Conc Ins
11/15/13 $300,181 2.00% NRO NRO
11/15/14 $305,000 2.00% NRO NRO
11/15/15 $315,000 2.00% NRO NRO
11/15/16 $320,000 2.00% NRO NRO
11/15/17 $325,000 2.00% NRO NRO
11/15/18 $330,000 2.125% NRO NRO
11/15/19 $340,000 2.25% NRO NRO
11/15/20 $345,000 2.375% NRO NRO
11/15/21 $360,000 2.50% NRO NRO
11/15/22 $365,000 2.625% NRO NRO
11/15/23 $375,000 2.75% NRO NRO

Other managers: UBS Financial Services, Inc., Ramirez & Co., Inc., Stifel, Nicolaus & Co., Inc., CL King & Associates.

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

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

Other bidders were:

Hutchinson Shockey, NIC 2.4249%

Raymond James, NIC 2.5679%

Robert W. Baird, NIC 2.6333%

Putnam County

Nov 8, 2011 . . . . . . $17,000,000

Tax Anticipation Notes, 2011.

Dated Nov 18, 2011.

Due Oct 28, 2012.

Purchased $17,000,000.00 by Morgan Stanley, at 1.5%, plus $192,780.00, effective rate 0.2993%.

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

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

Other bidders were:

Piper Jaffray, Effective Rate 0.4495%

TD Securities, Effective Rate 0.5034%

Oppenheimer, Effective Rate 0.6162%

Jefferies, Effective Rate 0.6487%

Roosevelt & Cross, Effective Rate 0.6539%

Oppenheimer, Effective Rate 0.7109%

JPMorgan Chase, Effective Rate 0.84%

Remsenburg-Speonk Union Free School District

Nov 8, 2011 . . . . . . $1,500,000

Tax Anticipation Notes for 2011-2012 Taxes (bank qualified).

Dated Nov 17, 2011.

Due Jun 28, 2012.

Purchased $1,500,000.00 by Capital One, at 0.85%, effective rate 0.85%.

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

F.A.: Munistat Services, Inc., Port Jefferson, NY.

Other bidders were:

Oppenheimer, Effective Rate 1.1765%

Roosevelt & Cross, Effective Rate 2.2404%

OKLAHOMA

Lincoln County Independent School District No. 105 (Carney)

Nov 7, 2011 . . . . . . $160,000

Building Bonds of 2012 (bank qualified) (book entry).

Dated Jan 1, 2012.

Due Jan 1, 2014 to 2017.

Non-callable.

Winning bid: Farmers & Merchants, at n/a, NIC 1.625%.

Due Amount Cpn Yield Conc Ins
1/1/14 $10,000 1.00% NRO NRO
1/1/15 $50,000 1.25% NRO NRO
1/1/16 $50,000 1.50% NRO NRO
1/1/17 $50,000 2.00% NRO NRO

L.O.: State Attorney General.

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

OREGON

Portland (City)

Nov 8, 2011 . . . . . . $15,400,000

Gas Tax Revenue Bonds, 2011 Series A (book entry).

Dated Nov 22, 2011.

Due Feb 1, 2013 to 2023.

Callable Feb 1, 2021 at par.

Winning bid: BA Merrill Lynch, at 108.5012, TIC 2.2706%.

Due Amount Cpn Yield Conc Ins
2/1/13 $1,065,000 2.50% NRO NRO
2/1/14 $1,200,000 3.00% NRO NRO
2/1/15 $1,235,000 4.00% 1.08%
2/1/16 $1,285,000 4.00% NRO NRO
2/1/17 $1,335,000 4.00% NRO NRO
2/1/18 $1,390,000 4.00% NRO NRO
2/1/19 $1,445,000 5.00% NRO NRO
2/1/20 $1,520,000 5.00% NRO NRO
2/1/21 $1,595,000 3.00% 2.60%
2/1/22 $1,640,000 3.00% 2.74%
2/1/23 $1,690,000 3.00% 2.89%

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

F.A.: Municipal Official(s).

Other bidders were:

Hutchinson Shockey, TIC 2.3261%

JPMorgan, TIC 2.3353%

Guggenheim Secs, TIC 2.3469%

Piper Jaffray, TIC 2.3744%

Wells Fargo Secs, TIC 2.3752%

Raymond James, TIC 2.3808%

Morgan Keegan, TIC 2.4087%

Morgan Stanley, TIC 2.4116%

BMO Cap Mkts GKST, TIC 2.425%

Citigroup, TIC 2.4579%

US Bancorp Invest, TIC 2.4986%

TEXAS

Harris County Municipal Utility District No. 65

Nov 8, 2011 . . . . . . $4,955,000

Unlimited Tax Bonds, Series 2011 (bank qualified) (book entry).

Dated Dec 1, 2011.

Due Mar 1, 2025 to 2035.

Callable Mar 1, 2019 at par.

Winning bid: FirstSouthwest, at 98.2572, NIC 5.0598%.

Due Amount Cpn Yield Conc Ins
3/1/29 $825,000 4.80% 4.875%
3/1/30 $450,000 5.00% 5.00%
3/1/35 $3,680,000 5.00% 5.00%

L.O.: Young & Brooks, Houston, TX; and State Attorney General.

F.A.: FirstSouthwest, Houston, TX.

Other bidders were:

SAMCO Cap Mkts, NIC 5.1069%

GMS Group, NIC 5.1073%

Southwest Securities, NIC 5.1869%

Sterne Agee, NIC 5.3383%

Sunfield Municipal Utility District No. 1

Nov 8, 2011 . . . . . . $2,625,000

Unlimited Tax Road Bonds, Series 2011A (bank qualified) (book entry).

Dated Dec 1, 2011.

Due Sep 1, 2013 to 2035.

Callable Sep 1, 2016 at par.

Winning bid: RBC Capital Mkts, at 97.0000, NIC 4.9344%.

Due Amount Cpn Yield Conc Ins
9/1/13 $60,000 3.00% 2.00%
9/1/14 $60,000 3.00% 2.25%
9/1/15 $65,000 3.00% 2.50%
9/1/16 $70,000 3.00% 2.75%
9/1/17 $75,000 3.00% 3.00%
9/1/18 $75,000 3.25% 3.25%
9/1/19 $80,000 3.50% 3.50%
9/1/20 $85,000 3.75% 3.75%
9/1/21 $90,000 4.00% 4.00%
9/1/22 $95,000 4.20% 4.20%
9/1/23 $100,000 4.40% 4.40%
9/1/24 $105,000 4.50% 4.50%
9/1/25 $115,000 4.60% 4.60%
9/1/26 $120,000 4.70% 4.70%
9/1/27 $125,000 4.75% 4.75%
9/1/28 $135,000 4.80% 4.80%
9/1/32 $615,000 5.00% 5.00%
9/1/35 $555,000 5.00% 5.10%

L.O.: Coats, Rose, Yale, Ryman & Lee, P.C, Houston, TX; and State Attorney General.

F.A.: RBC Capital Markets, Houston, TX.

Other bidders were:

GMS Group, NIC 4.995%

VIRGINIA

Albemarle County Economic Development Authority

Nov 8, 2011 . . . . . . $34,315,000

Public Facility Revenue and Refunding Bonds (Albemarle County Project) Series 2011 (book entry).

Dated Nov 30, 2011.

Due Jun 1, 2012 to 2032.

Callable Jun 1, 2021 at par.

Winning bid: Guggenheim Secs, at 111.5649, TIC 2.9587%.

Due Amount Cpn Yield Conc Ins
6/1/12 $1,255,000 4.00% NRO NRO
6/1/13 $885,000 4.00% NRO NRO
6/1/14 $1,995,000 5.00% NRO NRO
6/1/15 $2,585,000 5.00% NRO NRO
6/1/16 $2,495,000 5.00% NRO NRO
6/1/17 $2,145,000 5.00% NRO NRO
6/1/18 $1,535,000 5.00% NRO NRO
6/1/19 $2,595,000 5.00% NRO NRO
6/1/20 $2,760,000 5.00% NRO NRO
6/1/21 $2,870,000 5.00% NRO NRO
6/1/22 $3,005,000 5.00% NRO NRO
6/1/23 $2,120,000 5.00% NRO NRO
6/1/24 $875,000 3.125% NRO NRO
6/1/25 $905,000 3.375% NRO NRO
6/1/27 $1,905,000 3.625% NRO NRO
6/1/30 $2,795,000 4.00% NRO NRO
6/1/32 $1,590,000 4.00% NRO NRO

L.O.: Hunton & Williams LLP, Richmond, VA.

F.A.: Davenport & Company LLC, Richmond, VA.

Other bidders were:

Morgan Stanley, TIC 2.9922%

Wells Fargo Secs, TIC 3.069%

Hutchinson Shockey, TIC 3.115%

JPMorgan, TIC 3.1425%

Morgan Keegan, TIC 3.1566%

BA Merrill Lynch, TIC 3.5148%

WASHINGTON

Kitsap County

Nov 8, 2011 . . . . . . $20,370,000

Limited Tax General Obligation Refunding Bonds, 2011 (book entry).

Dated Nov 22, 2011.

Due Dec 1, 2012 to 2027.

Callable Dec 1, 2021 at par.

Winning bid: Robert W. Baird, at 103.2770, TIC 2.884%.

Due Amount Cpn Yield Conc Ins
12/1/12 $915,000 2.00% NRO NRO
12/1/13 $1,340,000 2.00% NRO NRO
12/1/14 $1,370,000 2.00% NRO NRO
12/1/15 $1,395,000 2.00% NRO NRO
12/1/16 $1,415,000 2.00% NRO NRO
12/1/17 $1,450,000 3.00% NRO NRO
12/1/18 $1,495,000 4.00% NRO NRO
12/1/19 $1,550,000 4.00% NRO NRO
12/1/20 $1,515,000 4.00% NRO NRO
12/1/21 $1,225,000 4.00% NRO NRO
12/1/22 $1,275,000 3.25% NRO NRO
12/1/23 $1,140,000 3.125% NRO NRO
12/1/24 $1,225,000 3.25% NRO NRO
12/1/25 $1,260,000 3.375% NRO NRO
12/1/26 $1,300,000 3.50% NRO NRO
12/1/27 $500,000 3.50% NRO NRO

Other managers: CL King & Associates, Coastal Securities Corp., Davenport & Company LLC, Edward D. Jones & Co., SAMCO Capital Markets, Kildare Capital, Inc., Loop Capital Markets, LLC, William Blair & Company, LLC, Crews & Associates, Inc., Wedbush Securities Inc, NW Capital Markets Inc., Cronin & Co., Inc., Jackson Securities Inc., D.A. Davidson & Co..

L.O.: Pacifica Law Group, Seattle, WA.

F.A.: SDM Advisors, Inc., Mt Vernon, WA.

Other bidders were:

Piper Jaffray, TIC 2.9312%

Fidelity Capital, TIC 2.9499%

Morgan Stanley, TIC 2.9982%

JPMorgan, TIC 3.0794%

US Bancorp Invest, TIC 3.1194%

Hutchinson Shockey, TIC 3.1284%

WISCONSIN

Delavan (City)

Nov 8, 2011 . . . . . . $3,360,000

General Obligation Refunding Bonds, Series 2011C (bank qualified) (book entry).

Dated Dec 6, 2011.

Due Mar 1, 2012 to 2025.

Callable Mar 1, 2020 at par.

Winning bid: BOSC, at 100.7308, TIC 2.4767%.

Due Amount Cpn Yield Conc Ins
3/1/12 $235,000 2.00% 0.50%
3/1/13 $210,000 2.00% 0.65%
3/1/14 $215,000 2.00% 0.85%
3/1/15 $215,000 2.00% 1.10%
3/1/16 $220,000 2.00% 1.35%
3/1/17 $225,000 2.00% 1.55%
3/1/18 $230,000 2.25% 1.80%
3/1/19 $235,000 2.50% 2.00%
3/1/20 $240,000 2.50% 2.25%
3/1/21 $250,000 2.50% 2.40%
3/1/22 $260,000 2.625% 2.55%
3/1/23 $265,000 2.75% 2.70%
3/1/24 $275,000 3.00% 2.85%
3/1/25 $285,000 3.00% 3.00%

L.O.: Quarles & Brady, Milwaukee, WI.

F.A.: Ehlers, Roseville, MN.

Other bidders were:

BMO Cap Mkts GKST, TIC 2.4812%

Piper Jaffray, TIC 2.6183%

Bankers' Bank, TIC 2.7237%

Robert W. Baird, TIC 2.7268%

TAXABLE ISSUES

MINNESOTA

Jackson County

Nov 8, 2011 . . . . . . $3,665,000

Taxable General Obligation Water Revenue Refunding Bonds, Series 2011A (book entry).

Dated Dec 1, 2011.

Due Feb 1, 2013 to 2022.

Callable Feb 1, 2017 at par.

Winning bid: United Banker's Bk, at n/a, NIC 2.2656%.

Due Amount Cpn Yield Conc Ins
2/1/13 $340,000 0.50% NRO NRO
2/1/14 $355,000 0.75% NRO NRO
2/1/15 $370,000 1.00% NRO NRO
2/1/16 $385,000 1.375% NRO NRO
2/1/17 $395,000 1.75% NRO NRO
2/1/18 $415,000 2.00% NRO NRO
2/1/19 $440,000 2.25% NRO NRO
2/1/20 $305,000 2.50% NRO NRO
2/1/21 $320,000 2.75% NRO NRO
2/1/22 $340,000 3.00% NRO NRO

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

F.A.: David Drown Associates, Minneapolis, MN.

Other bidders were:

Northland Securities, NIC 2.4691%

Robert W. Baird, NIC 2.6343%

Rogers (City)

Nov 8, 2011 . . . . . . $725,000

Taxable General Obligation Tax Increment Refunding Bonds, Series 2011C (book entry).

Dated Dec 6, 2011.

Due Dec 1, 2012 to 2021.

Non-callable.

Winning bid: United Banker's Bk, at n/a, TIC 2.4152%.

Due Amount Cpn Yield Conc Ins
12/1/13 $160,000 0.75% 0.75%
12/1/15 $155,000 1.25% 1.25%
12/1/17 $155,000 2.00% 2.00%
12/1/19 $140,000 2.50% 2.50%
12/1/21 $115,000 3.00% 3.00%

L.O.: Kennedy & Graven, Minneapolis, MN.

F.A.: Ehlers, Roseville, MN.

Other bidders were:

Northland Securities, TIC 2.5518%

Cronin, TIC 2.673%

BOSC, TIC 2.921%

WISCONSIN

Menomonie (City)

Nov 7, 2011 . . . . . . $2,210,000

Taxable General Obligation Refunding Bonds, Series 2011B (book entry).

Dated Nov 29, 2011.

Due Mar 1, 2012 to 2023.

Callable Mar 1, 2020 at par.

Winning bid: Bankers' Bank, at n/a, TIC 2.1137%.

Due Amount Cpn Yield Conc Ins
3/1/12 $70,000 0.60% NRO NRO
3/1/13 $315,000 0.75% NRO NRO
3/1/14 $315,000 1.00% NRO NRO
3/1/15 $320,000 1.15% NRO NRO
3/1/16 $330,000 1.50% NRO NRO
3/1/17 $330,000 1.75% NRO NRO
3/1/18 $80,000 2.00% NRO NRO
3/1/19 $85,000 2.30% NRO NRO
3/1/20 $90,000 2.60% NRO NRO
3/1/21 $90,000 3.00% NRO NRO
3/1/22 $90,000 3.20% NRO NRO
3/1/23 $95,000 3.40% NRO NRO

L.O.: Fryberger, Buchanan, Smith & Frederick, Duluth, MN.

F.A.: Ehlers, Roseville, MN.

Other bidders were:

BOSC, TIC 2.1543%

UMB Bank, TIC 2.4911%

Robert W. Baird, TIC 2.6083%

BMO Cap Mkts GKST, TIC 2.681%

Bremer Bank, TIC 3.0934%

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