| Short-term Notes FIRST HALF | 2012 Volume in millions | Number of issues | 2011 Volume in millions | Number of issues | Change from prior period |
|---|---|---|---|---|---|
| TOTAL | $19,714.9 | 1,338 | $18,583.8 | 1,329 | +6.1 |
| January | 1,817.6 | 176 | 1,542.5 | 173 | +17.8 |
| February | 2,665.9 | 176 | 1,278.7 | 162 | +108.5 |
| March | 1,538.6 | 178 | 2,350.6 | 207 | -34.5 |
| April | 1,403.5 | 179 | 957.0 | 150 | +46.7 |
| May | 1,796.4 | 231 | 1,618.7 | 174 | +11.0 |
| June | 10,492.9 | 398 | 10,836.4 | 463 | -3.2 |
| First Quarter | 6,022.1 | 530 | 5,171.7 | 542 | +16.4 |
| Second Quarter | 13,692.8 | 808 | 13,412.1 | 787 | +2.1 |
| Development | 223.3 | 10 | 106.1 | 10 | +110.5 |
| Education | 5,915.5 | 351 | 5,850.1 | 411 | +1.1 |
| Electric Power | 18.6 | 5 | 4.7 | 5 | +295.7 |
| Environmental Facilities | 6.2 | 3 | 44.7 | 3 | -86.1 |
| Health Care | 76.0 | 6 | 94.4 | 7 | -19.5 |
| Housing | 0.0 | 0 | 0.0 | 0 | n.m. |
| Public Facilities | 115.4 | 36 | 111.5 | 47 | +3.5 |
| Transportation | 799.3 | 38 | 1,230.5 | 39 | -35.0 |
| Utilities | 1,088.9 | 64 | 723.4 | 70 | +50.5 |
| General Purpose | 11,471.7 | 825 | 10,418.5 | 737 | +10.1 |
| Tax-Exempt | 18,766.4 | 1,260 | 17,864.6 | 1,257 | +5.0 |
| Taxable | 685.2 | 75 | 702.0 | 69 | -2.4 |
| Minimum-Tax | 263.4 | 3 | 17.3 | 3 | +1422.5 |
| New-Money | 19,448.2 | 1,312 | 18,394.9 | 1,317 | +5.7 |
| Refunding | 234.6 | 22 | 168.4 | 11 | +39.3 |
| Combined | 32.2 | 4 | 20.6 | 1 | +56.3 |
| Negotiated | 10,232.0 | 291 | 10,344.1 | 311 | -1.1 |
| Competitive | 9,310.9 | 1,027 | 8,159.9 | 988 | +14.1 |
| Private Placements | 172.0 | 20 | 79.8 | 30 | +115.5 |
| Revenue | 3,504.5 | 53 | 1,535.5 | 31 | +128.2 |
| General Obligation | 16,210.5 | 1,285 | 17,048.3 | 1,298 | -4.9 |
| Fixed-Rate | 18,886.3 | 1,324 | 17,669.0 | 1,316 | +6.9 |
| Variable-Rate (Short Put) | 665.2 | 10 | 873.5 | 9 | -23.8 |
| Variable-Rate (Long/No Put) | 0.0 | 0 | 0.0 | 0 | n.m. |
| Zero-Coupon | 0.0 | 0 | 0.2 | 1 | -100.0 |
| Linked-Rate | 163.5 | 4 | 41.1 | 3 | +297.8 |
| Auction-Rate | 0.0 | 0 | 0.0 | 0 | n.m. |
| Convertible | 0.0 | 0 | 0.0 | 0 | n.m. |
| Bond Insurance | 41.1 | 3 | 10.3 | 2 | +299.0 |
| Letters of Credit | 113.8 | 4 | 431.2 | 5 | -73.6 |
| Standby Purchase Agreements | 18.0 | 1 | 9.5 | 1 | +89.5 |
| Insured Mortgages | 0.0 | 0 | 0.0 | 0 | n.m. |
| Guaranties | 332.3 | 31 | 153.0 | 21 | +117.2 |
| State Governments | 1,567.5 | 9 | 639.0 | 8 | +145.3 |
| State Agencies | 2,501.3 | 27 | 2,820.3 | 26 | -11.3 |
| Counties & Parishes | 4,397.2 | 85 | 4,011.5 | 89 | +9.6 |
| Cities & Towns | 6,147.3 | 830 | 5,733.6 | 761 | +7.2 |
| Districts | 3,823.8 | 326 | 4,230.9 | 385 | -9.6 |
| Local Authorities | 933.7 | 50 | 834.5 | 50 | +11.9 |
| Colleges & Universities | 337.0 | 4 | 307.4 | 4 | +9.6 |
| Direct Issuers | 7.3 | 7 | 6.7 | 6 | +9.0 |
| Tribal Governments | 0.0 | 0 | 0.0 | 0 | n.m. |
| Cooperative Utilities | 0.0 | 0 | 0.0 | 0 | n.m. |
| Bank-Qualified | 121.0 | 4 | 445.3 | 5 | -72.8 |
| Build America Bonds | 0.0 | 0 | 0.0 | 0 | n.m. |
| Qualified Sch Construction | 0.0 | 0 | 0.0 | 0 | n.m. |
| Other Stimulus | 0.0 | 0 | 36.4 | 12 | -100.0 |
Key to Abbreviations: cpt – competitive; GOs – general obligation bonds; ref – refunding.
Source: Thomson Reuters (using data available as of July 14, 2012)
