| BANK-QUALIFIED FIRST HALF | 2012 Volume in millions | Number of issues | 2011 Volume in millions | Number of issues | Change from prior period |
|---|---|---|---|---|---|
| TOTAL | $13,743.9 | 3,506 | $8,016.5 | 2,345 | +71.4 |
| First Quarter | 6,583.8 | 1,583 | 3,231.3 | 921 | +103.8 |
| Second Quarter | 7,160.1 | 1,923 | 4,785.2 | 1,424 | +49.6 |
| Development | 115.8 | 22 | 59.5 | 20 | +94.6 |
| Education | 6,753.9 | 1,608 | 3,613.3 | 991 | +86.9 |
| Electric Power | 95.5 | 28 | 120.4 | 40 | -20.7 |
| Environmental Facilities | 13.0 | 4 | 14.1 | 7 | -7.8 |
| Health Care | 151.2 | 33 | 90.1 | 21 | +67.8 |
| Housing | 13.8 | 11 | 13.1 | 6 | +5.3 |
| Public Facilities | 498.9 | 151 | 404.0 | 137 | +23.5 |
| Transportation | 194.4 | 79 | 144.2 | 67 | +34.8 |
| Utilities | 2,127.1 | 587 | 1,136.6 | 335 | +87.1 |
| General Purpose | 3,780.3 | 983 | 2,421.2 | 721 | +56.1 |
| Tax-Exempt | 13,743.9 | 3,506 | 8,013.3 | 2,344 | +71.5 |
| Taxable | 0.0 | 0 | 0.0 | 0 | n.m. |
| Minimum-Tax | 0.0 | 0 | 3.1 | 1 | -100.0 |
| New-Money | 4,719.4 | 1,449 | 4,064.9 | 1,325 | +16.1 |
| Refunding | 8,123.2 | 1,856 | 3,192.4 | 848 | +154.5 |
| Combined | 901.3 | 201 | 759.2 | 172 | +18.7 |
| Negotiated | 9,050.0 | 2,109 | 4,825.3 | 1,324 | +87.6 |
| Competitive | 4,654.4 | 1,381 | 3,109.1 | 977 | +49.7 |
| Private Placements | 39.4 | 16 | 82.1 | 44 | -52.0 |
| Revenue | 2,295.1 | 605 | 1,434.7 | 394 | +60.0 |
| General Obligation | 11,448.8 | 2,901 | 6,581.8 | 1,951 | +73.9 |
| Fixed-Rate | 13,667.3 | 3,497 | 7,905.9 | 2,326 | +72.9 |
| Variable-Rate (Short Put) | 9.4 | 1 | 38.8 | 7 | -75.8 |
| Variable-Rate (Long/No Put) | 1.0 | 1 | 0.0 | 0 | n.m. |
| Zero-Coupon | 59.1 | 113 | 61.7 | 95 | -4.2 |
| Linked-Rate | 0.0 | 0 | 1.3 | 1 | -100.0 |
| Auction-Rate | 0.0 | 0 | 0.0 | 0 | n.m. |
| Convertible | 7.0 | 2 | 8.8 | 5 | -20.5 |
| Bond Insurance | 2,359.5 | 434 | 1,584.4 | 330 | +48.9 |
| Letters of Credit | 9.4 | 1 | 3.0 | 1 | +213.3 |
| Standby Purchase Agreements | 0.0 | 0 | 0.0 | 0 | n.m. |
| Insured Mortgages | 0.0 | 0 | 0.0 | 0 | n.m. |
| Guaranties | 2,675.3 | 586 | 1,165.2 | 290 | +129.6 |
| State Governments | 0.7 | 1 | 0.0 | 0 | n.m. |
| State Agencies | 79.0 | 32 | 59.6 | 20 | +32.6 |
| Counties & Parishes | 786.6 | 195 | 402.0 | 114 | +95.7 |
| Cities & Towns | 4,073.1 | 1,189 | 2,851.8 | 889 | +42.8 |
| Districts | 7,735.7 | 1,868 | 4,104.5 | 1,172 | +88.5 |
| Local Authorities | 900.7 | 189 | 543.7 | 138 | +65.7 |
| Colleges & Universities | 153.3 | 28 | 40.6 | 10 | +277.6 |
| Direct Issuers | 14.9 | 4 | 14.2 | 2 | +4.9 |
| Tribal Governments | 0.0 | 0 | 0.0 | 0 | n.m. |
| Cooperative Utilities | 0.0 | 0 | 0.0 | 0 | n.m. |
| Build America Bonds | 0.0 | 0 | 0.0 | 0 | n.m. |
| Qualified Sch Construction | 0.0 | 0 | 0.0 | 0 | n.m. |
| Other Stimulus | 0.6 | 1 | 0.5 | 1 | +20.0 |
Key to Abbreviations: cpt – competitive; GOs – general obligation bonds; ref – refunding.
Source: Thomson Reuters (using data available as of July 14, 2012)
