Results of Competitive Sales

NEW JERSEY

Pompton Lakes Borough

Apr 6, 2011 . . . . . . $2,899,000

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

Dated Apr 14, 2011.

Due Jan 20, 2012.

Purchased $2,899,000.00 by TD Securities, at 1.25%, plus $7,496.81, effective rate 0.9127%.

L.O.: Hawkins, Delafield & Wood, Newark, NJ.

F.A.: Municipal Official(s).

Other bidders were:

Roosevelt & Cross, Effective Rate 0.9351%

Columbia Savings Bk, Effective Rate 1.16%

Jefferies, Effective Rate 1.2165%

Oppenheimer, Effective Rate 1.7469%

West Caldwell Township

Apr 15, 2011 . . . . . . $2,750,000

$2,375,000 Bond Anticipation Notes and $375,000 Special Emergency Notes (bank qualified).

Dated Apr 25, 2011.

Due Apr 24, 2012.

Purchased $2,750,000.00 by Jefferies, at 2.0%, plus $18,866.00, effective rate 1.3121%.

L.O.: DeCotiis, FitzPatrick & Cole, LLP, Teaneck, NJ.

F.A.: Municipal Official(s).

Other bidders were:

PNC Bank, Effective Rate 1.41%

Janney Montgomery, Effective Rate 1.7593%

TD Securities, Effective Rate 2.0775%

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Competitive sales results
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