Results of Competitive Sales

KANSAS

Johnson County Public Building Commission

Mar 24, 2011 . . . . . . $35,395,000

Lease Purchase Revenue Bonds, Series 2011A (book entry).

Dated Apr 15, 2011.

Due Sep 1, 2012 to 2031.

Callable Sep 1, 2020 at par.

Winning bid: Robert W. Baird, at 100.0101, TIC 3.8098%.

Due Amount Cpn Yield Conc Ins
9/1/12 $790,000 2.00% NRO NRO
9/1/13 $1,360,000 2.00% NRO NRO
9/1/14 $1,385,000 2.00% NRO NRO
9/1/15 $1,415,000 2.00% NRO NRO
9/1/16 $1,445,000 2.00% NRO NRO
9/1/17 $1,485,000 2.50% NRO NRO
9/1/18 $1,530,000 3.00% NRO NRO
9/1/19 $1,575,000 3.50% NRO NRO
9/1/20 $1,630,000 4.00% NRO NRO
9/1/21 $1,685,000 3.00% NRO NRO
9/1/22 $1,745,000 3.375% NRO NRO
9/1/23 $1,815,000 4.00% NRO NRO
9/1/24 $1,885,000 4.00% NRO NRO
9/1/25 $1,960,000 4.00% NRO NRO
9/1/26 $2,045,000 4.00% NRO NRO
9/1/27 $2,125,000 4.00% NRO NRO
9/1/28 $2,220,000 4.125% NRO NRO
9/1/29 $2,320,000 4.25% NRO NRO
9/1/30 $2,435,000 4.25% NRO NRO
9/1/31 $2,545,000 4.375% NRO NRO

Other managers: Morgan Keegan, Coastal Securities Corp., CL King & Associates, Kildare Capital, Inc., Loop Capital Markets, LLC, SAMCO Capital Markets, Davenport & Company LLC, Fidelity Capital Markets, Duncan-Williams, Inc., Crews & Associates, Inc., Corby Capital Markets, Inc., Edward D. Jones & Co., Wedbush Securities, Country Club Bank.

L.O.: Kutak Rock, Kansas City, MO.

F.A.: Springsted Incorporated, St. Paul, MN; and Springsted Incorporated, Kansas City, MO.

Other bidders were:

Wells Fargo Secs, TIC 3.8812%

BOSC, TIC 3.9198%

Morgan Stanley, TIC 3.9584%

JPMorgan, TIC 3.9658%

Piper Jaffray, TIC 4.0229%

KENTUCKY

Kentucky Bond Corporation

Mar 24, 2011 . . . . . . $16,400,000

Financing Progam Revenue Bonds, 2011 First Series A (book entry).

Dated Apr 14, 2011.

Due Feb 1, 2012 to 2036.

Callable Feb 1, 2021 at par.

Winning bid: Robert W. Baird, at 98.0000, NIC 5.0977%.

Due Amount Cpn Yield Conc Ins
2/1/12 $325,000 3.00% NRO NRO
2/1/13 $535,000 3.00% NRO NRO
2/1/14 $555,000 3.00% NRO NRO
2/1/15 $570,000 3.00% NRO NRO
2/1/16 $655,000 3.00% NRO NRO
2/1/17 $675,000 3.00% NRO NRO
2/1/18 $690,000 3.00% NRO NRO
2/1/19 $720,000 4.00% NRO NRO
2/1/20 $750,000 4.00% NRO NRO
2/1/21 $780,000 4.00% NRO NRO
2/1/22 $590,000 4.125% NRO NRO
2/1/23 $615,000 4.375% NRO NRO
2/1/24 $645,000 4.50% NRO NRO
2/1/25 $675,000 4.75% NRO NRO
2/1/26 $825,000 5.00% NRO NRO
2/1/27 $865,000 5.00% NRO NRO
2/1/28 $915,000 5.125% NRO NRO
2/1/29 $965,000 5.25% NRO NRO
2/1/30 $1,015,000 5.375% NRO NRO
2/1/31 $1,115,000 5.50% NRO NRO
2/1/36 $1,920,000 5.75% NRO NRO

Other managers: Ross, Sinclaire & Associates, Inc., Coastal Securities Corp., Duncan-Williams, Inc., CL King & Associates, SAMCO Capital Markets, Crews & Associates, Inc., Edward D. Jones & Co., Kildare Capital, Inc., Loop Capital Markets, LLC, NW Capital Markets Inc., FirstSouthwest, Oppenheimer & Co., Inc., Jackson Securities Inc., PNC Capital Markets, Sterne, Agee & Leach, Inc.

L.O.: Peck, Shaffer & Williams, Covington, KY.

F.A.: Sterne, Agee & Leach, Inc, Lexington, KY; and C.D. Bowling & Associates, Lexington, KY.

Other bidders were:

Stifel Nicolaus, NIC 5.191%

Morgan Stanley, NIC 5.2516%

Rockcastle County School District Finance Corporation

Mar 24, 2011 . . . . . . $3,835,000

School Building Refunding Revenue Bonds, Series of 2011 (Kentucky State School District Credit Enhancement Program) (bank qualified) (book entry).

Dated Apr 1, 2011.

Due Apr 1, 2012 to 2018.

Non-callable.

Winning bid: Ross Sinclaire, at 99.4128, NIC 2.0292%.

Due Amount Cpn Yield Conc Ins
4/1/12 $680,000 1.00% NRO NRO
4/1/13 $685,000 1.00% NRO NRO
4/1/14 $480,000 1.30% NRO NRO
4/1/15 $485,000 1.75% NRO NRO
4/1/16 $490,000 2.00% NRO NRO
4/1/17 $500,000 2.20% NRO NRO
4/1/18 $515,000 2.30% NRO NRO

L.O.: Henry M. Reed III, Louisville, KY.

F.A.: Ross, Sinclaire & Associates, Inc., Louisville, KY.

Other bidders were:

Stifel Nicolaus, NIC 2.0823%

Morgan Keegan, NIC 2.123%

MASSACHUSETTS

Templeton (Town)

Mar 24, 2011 . . . . . . $1,400,000

General Obligation Bond Anticipation Notes (bank qualified).

Dated Mar 31, 2011.

Due Nov 2, 2011.

Purchased $1,400,000.00 by TD Securities, at 1.25%, plus $2,884.00, effective rate 0.9002%.

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

F.A.: FirstSouthwest, Boston, MA.

Other bidders were:

People's United Bk, Effective Rate 1.02%

Eastern Bk Cap Mkts, Effective Rate 1.044%

Century Bk, Effective Rate 1.0604%

NEW JERSEY

Clifton (City)

Mar 24, 2011 . . . . . . $3,906,000

Bond Anticipation Notes (book entry).

Dated Apr 7, 2011.

Due Nov 15, 2011.

Purchased $3,906,000.00 by Janney Montgomery, at 1.0%, plus n/a, effective rate n/a.

L.O.: Wilentz, Goldman & Spitzer, Woodbridge, NJ.

F.A.: Phoenix Advisors, LLC, Bordentown, NJ.

Other bidders were:

TD Securities, Effective Rate 0.7072%

Jefferies, Effective Rate 0.951%

Oppenheimer, Effective Rate 1.4924%

Clifton (City)

Mar 24, 2011 . . . . . . $6,780,000

General Obligation Bonds, Series 2011 (book entry).

Dated Apr 7, 2011.

Due Nov 15, 2011 to 2027.

Callable Nov 15, 2021 at par.

Winning bid: Roosevelt & Cross, at n/a, TIC 3.7157%.

Due Amount Cpn Yield Conc Ins
11/15/11 $220,000 4.00% NRO NRO
11/15/12 $220,000 4.00% NRO NRO
11/15/13 $220,000 4.00% NRO NRO
11/15/14 $440,000 3.50% NRO NRO
11/15/15 $400,000 3.00% NRO NRO
11/15/16 $440,000 3.00% NRO NRO
11/15/17 $440,000 3.00% NRO NRO
11/15/18 $440,000 3.00% NRO NRO
11/15/19 $440,000 3.125% NRO NRO
11/15/20 $440,000 3.50% NRO NRO
11/15/21 $440,000 3.625% NRO NRO
11/15/22 $440,000 3.75% NRO NRO
11/15/23 $440,000 4.00% NRO NRO
11/15/24 $440,000 4.00% NRO NRO
11/15/25 $440,000 4.125% NRO NRO
11/15/26 $440,000 4.125% NRO NRO
11/15/27 $440,000 4.25% NRO NRO

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

L.O.: Wilentz, Goldman & Spitzer, Woodbridge, NJ.

F.A.: Phoenix Advisors, LLC, Bordentown, NJ.

Other bidders were:

Morgan Stanley, TIC 3.717%

Janney Montgomery, TIC 3.7917%

RBC Capital Mkts, TIC 3.8372%

Robert W. Baird, TIC 4.1153%

Hasbrouck Heights Borough Board of Education

Mar 24, 2011 . . . . . . $3,000,000

General Obligation School Promissory Notes (bank qualified).

Dated Apr 1, 2011.

Due Mar 30, 2012.

Purchased $3,000,000.00 by Valley National Bank, at 1.02%, effective rate 1.02%.

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

F.A.: Municipal Official(s).

Other bidders were:

Oppenheimer, Effective Rate 1.8726%

Janney Montgomery, Effective Rate 1.99%

Jefferies, Effective Rate 1.9906%

North Haledon Borough

Mar 24, 2011 . . . . . . $2,323,116

Bond Anticipation Notes (bank qualified).

Dated Apr 1, 2011.

Due Mar 30, 2012.

Purchased $2,323,120.00 by Janney Montgomery, at 2.0%, plus n/a, effective rate n/a.

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

F.A.: Municipal Official(s).

Other bidders were:

Oppenheimer, Effective Rate 1.9087%

Jefferies, Effective Rate 2.2172%

Prospect Park Borough

Mar 24, 2011 . . . . . . $1,110,000

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

Dated Apr 7, 2011.

Due Apr 1, 2012 to 2023.

Callable Apr 1, 2021 at par.

Winning bid: Roosevelt & Cross, at 100.2019, NIC 3.9726%.

Due Amount Cpn Yield Conc Ins
4/1/12 $70,000 4.00% NRO NRO AGM
4/1/13 $70,000 4.00% NRO NRO AGM
4/1/14 $70,000 4.00% NRO NRO AGM
4/1/15 $70,000 4.00% NRO NRO AGM
4/1/16 $70,000 4.00% NRO NRO AGM
4/1/17 $70,000 4.00% NRO NRO AGM
4/1/18 $70,000 4.00% NRO NRO AGM
4/1/19 $115,000 4.00% NRO NRO AGM
4/1/20 $120,000 4.00% NRO NRO AGM
4/1/21 $125,000 4.00% NRO NRO AGM
4/1/22 $130,000 4.00% NRO NRO AGM
4/1/23 $130,000 4.00% NRO NRO AGM

Other managers: Fidelity Capital Markets, Ramirez & Co., Inc., Stifel, Nicolaus & Co., Inc., CL King & Associates, Bank of New York Mellon Capital Markets, LLC.

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

F.A.: Ferraioli, Wielkotz, Cerrullo & Cuva, P.A., Pompton Lakes, NJ.

Other bidders were:

Janney Montgomery, NIC 4.1934%

Waldwick Borough

Mar 24, 2011 . . . . . . $2,618,500

Bond Anticipation Notes (bank qualified).

Dated Apr 1, 2011.

Due Mar 30, 2012.

Purchased $2,618,500.00 by Jefferies, at 2.0%, plus $15,738.00, effective rate 1.3973%.

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

F.A.: Municipal Official(s).

Other bidders were:

TD Securities, Effective Rate 1.4512%

Janney Montgomery, Effective Rate 1.743%

Oppenheimer, Effective Rate 1.9839%

NEW YORK

Binghamton City School District

Mar 24, 2011 . . . . . . $350,000

Bond Anticipation Notes, 2011.

Dated Mar 31, 2011.

Due Sep 16, 2011.

Purchased $350,000.00 by JPMorgan Chase, at 1.36%, effective rate 1.36%.

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

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

Chenango (Town)

Mar 24, 2011 . . . . . . $3,297,086

Bond Anticipation Notes for Various Purposes - 2011A (bank qualified).

Dated Apr 5, 2011.

Due Feb 23, 2012.

Purchased $3,297,090.00 by Jefferies, at 1.75%, plus $12,661.00, effective rate 1.3153%.

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

F.A.: Municipal Solutions, Inc, Canandaigua, NY.

Other bidders were:

JPMorgan Chase, Effective Rate 1.32%

Oppenheimer, Effective Rate 1.6243%

Janney Montgomery, Effective Rate 1.7443%

TD Securities, Effective Rate 1.75%

Cincinnatus Central School District

Mar 24, 2011 . . . . . . $254,000

Bond Anticipation Notes, 2011 (New Issue) (bank qualified).

Dated Apr 6, 2011.

Due Jan 6, 2012.

Purchased $254,000.00 by Alliance Bank, at 1.5%, effective rate 1.5%.

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

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

Peekskill (City)

Mar 24, 2011 . . . . . . $9,810,500

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

Dated Apr 12, 2011.

Due Jun 1, 2012 to 2040.

Callable Jun 1, 2018 at par.

Winning bid: Roosevelt & Cross, at n/a, TIC 4.6632%.

Due Amount Cpn Yield Conc Ins
6/1/12 $200,500 5.00% NRO NRO
6/1/13 $205,000 5.00% NRO NRO
6/1/14 $205,000 5.00% NRO NRO
6/1/15 $210,000 5.00% NRO NRO
6/1/16 $215,000 5.00% NRO NRO
6/1/17 $220,000 5.00% NRO NRO
6/1/18 $225,000 5.00% NRO NRO
6/1/19 $235,000 5.00% NRO NRO
6/1/20 $240,000 3.125% NRO NRO
6/1/21 $250,000 3.375% NRO NRO
6/1/22 $260,000 3.50% NRO NRO
6/1/23 $270,000 3.75% NRO NRO
6/1/24 $280,000 4.00% NRO NRO
6/1/25 $290,000 4.00% NRO NRO
6/1/26 $305,000 4.125% NRO NRO
6/1/27 $315,000 4.25% NRO NRO
6/1/28 $330,000 4.375% NRO NRO
6/1/29 $345,000 4.375% NRO NRO
6/1/30 $365,000 4.50% NRO NRO
6/1/31 $380,000 4.50% NRO NRO
6/1/32 $400,000 4.625% NRO NRO
6/1/33 $420,000 4.75% NRO NRO
6/1/34 $445,000 5.00% NRO NRO
6/1/35 $465,000 5.00% NRO NRO
6/1/36 $490,000 5.00% NRO NRO
6/1/37 $520,000 5.00% NRO NRO
6/1/38 $545,000 5.00% NRO NRO
6/1/39 $575,000 5.00% NRO NRO
6/1/40 $605,000 5.00% NRO NRO

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

L.O.: Squire, Sanders & Dempsey, New York, NY.

F.A.: Capital Markets Advisors, LLC, Hopewell Junction, NY.

Other bidders were:

Janney Montgomery, TIC 4.7293%

Robert W. Baird, TIC 4.818%

TD Securities, TIC 5.0204%

Schenectady (City)

Mar 24, 2011 . . . . . . $930,000

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

Dated Mar 31, 2011.

Due Mar 30, 2012.

Purchased $930,000.00 by Pioneer Savings Bk, at 1.14%, effective rate 1.14%.

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

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

Other bidders were:

JPMorgan Chase, Effective Rate 1.23%

First Niagara Bank, Effective Rate 1.65%

NBT Bank, Effective Rate 1.91%

Jefferies, Effective Rate 1.991%

Wappinger (Town)

Mar 24, 2011 . . . . . . $653,000

Bond Anticipation Notes, 2011 Series A (bank qualified).

Dated Mar 31, 2011.

Due Mar 30, 2012.

Purchased $653,000.00 by Putnam Co Saving Bnk, at 0.89%, effective rate 0.89%.

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

F.A.: Capital Markets Advisors, LLC, Hopewell Junction, NY.

Other bidders were:

JPMorgan Chase, Effective Rate 1.73%

Oppenheimer, Effective Rate 2.7359%

Mahopac Nat'l Bk, Effective Rate 3.0%

PENNSYLVANIA

Norwin School District

Mar 24, 2011 . . . . . . $33,575,000

General Obligation Bonds, Series of 2011 (State Aid Withholding) (book entry).

Dated May 4, 2011.

Due Apr 1, 2013 to 2028.

Callable Apr 1, 2021 at par.

Winning bid: Robert W. Baird, at n/a, TIC 4.1206%.

Due Amount Cpn Yield Conc Ins
4/1/13 $1,120,000 3.00% 1.05% AGM
4/1/14 $1,665,000 3.00% 1.35% AGM
4/1/15 $1,710,000 3.00% 1.85% AGM
4/1/16 $1,765,000 3.00% 2.15% AGM
4/1/17 $1,820,000 4.00% 2.43% AGM
4/1/18 $1,885,000 4.00% 2.78% AGM
4/1/19 $1,965,000 4.00% 3.11% AGM
4/1/20 $2,045,000 3.25% 3.37% AGM
4/1/21 $2,110,000 4.00% 3.57% AGM
4/1/22 $2,195,000 4.00% 3.85% AGM
4/1/23 $2,280,000 4.00% 4.05% AGM
4/1/24 $2,375,000 4.125% 4.23% AGM
4/1/25 $2,470,000 5.00% 4.23% AGM
4/1/26 $2,595,000 5.00% 4.35% AGM
4/1/27 $2,725,000 4.50% 4.62% AGM
4/1/28 $2,850,000 4.625% 4.72% AGM

Other managers: Coastal Securities Corp., Kildare Capital, Inc., Stifel, Nicolaus & Co., Inc., Edward D. Jones & Co., Crews & Associates, Inc., Bank of New York Mellon Capital Markets, LLC.

L.O.: Thorp Reed & Armstrong, Pittsburgh, PA.

F.A.: Public Financial Management, Inc., Harrisburg, PA.

Other bidders were:

Janney Montgomery, TIC 4.1575%

Citigroup, TIC 4.3397%

TEXAS

Sonterra Municipal Utility District

Mar 24, 2011 . . . . . . $1,490,000

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

Dated Mar 15, 2011.

Due Aug 15, 2014 to 2036.

Callable Aug 15, 2020 at par.

Winning bid: GMS Group, at 97.0000, NIC 5.5235%.

Due Amount Cpn Yield Conc Ins
8/15/14 $35,000 4.75% NRO NRO
8/15/15 $35,000 4.75% NRO NRO
8/15/16 $35,000 4.75% NRO NRO
8/15/17 $40,000 4.75% NRO NRO
8/15/18 $40,000 4.75% NRO NRO
8/15/19 $45,000 4.75% NRO NRO
8/15/20 $45,000 4.75% NRO NRO
8/15/21 $50,000 4.75% NRO NRO
8/15/23 $105,000 5.00% NRO NRO
8/15/24 $55,000 5.10% NRO NRO
8/15/25 $60,000 5.20% NRO NRO
8/15/30 $360,000 5.35% NRO NRO
8/15/36 $585,000 5.50% NRO NRO

L.O.: Freeman & Corbett, LLP, Austin, TX; and State Attorney General.

F.A.: Specialized Public Finance Inc., Austin, TX.

Other bidders were:

FirstSouthwest, NIC 5.5639%

Southwest Securities, NIC 5.7147%

SAMCO Cap Mkts, NIC 5.771%

M.E. Allison, NIC 5.9399%

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Competitive sales results
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