| VARIABLE-RATE FIRST HALF | 2012 Volume in millions | Number of issues | 2011 Volume in millions | Number of issues | Change from prior period |
|---|---|---|---|---|---|
| TOTAL | $5,428.2 | 93 | $5,187.7 | 104 | +4.6 |
| First Quarter | 1,718.3 | 26 | 1,412.1 | 31 | +21.7 |
| Second Quarter | 3,709.9 | 67 | 3,775.6 | 73 | -1.7 |
| Development | 577.9 | 8 | 635.1 | 14 | -9.0 |
| Education | 503.4 | 18 | 740.4 | 16 | -32.0 |
| Electric Power | 474.0 | 4 | 110.9 | 3 | +327.4 |
| Environmental Facilities | 269.4 | 6 | 80.5 | 3 | +234.7 |
| Health Care | 655.5 | 14 | 2,630.9 | 45 | -75.1 |
| Housing | 902.2 | 20 | 371.0 | 10 | +143.2 |
| Public Facilities | 160.4 | 2 | 10.4 | 1 | +1442.3 |
| Transportation | 165.6 | 4 | 161.4 | 3 | +2.6 |
| Utilities | 457.8 | 6 | 380.7 | 5 | +20.3 |
| General Purpose | 1,261.9 | 11 | 66.5 | 4 | +1797.6 |
| Tax-Exempt | 5,272.9 | 83 | 4,581.0 | 95 | +15.1 |
| Taxable | 90.2 | 7 | 601.8 | 8 | -85.0 |
| Minimum-Tax | 65.0 | 3 | 5.0 | 1 | +1200.0 |
| New-Money | 3,892.8 | 69 | 2,288.4 | 57 | +70.1 |
| Refunding | 1,252.6 | 16 | 1,827.8 | 32 | -31.5 |
| Combined | 282.8 | 8 | 1,071.5 | 15 | -73.6 |
| Negotiated | 5,317.6 | 82 | 4,409.8 | 82 | +20.6 |
| Competitive | 0.0 | 0 | 0.0 | 0 | n.m. |
| Private Placements | 110.5 | 11 | 777.9 | 22 | -85.8 |
| Revenue | 4,259.9 | 81 | 5,008.9 | 100 | -15.0 |
| General Obligation | 1,168.3 | 12 | 178.8 | 4 | +553.4 |
| Bond Insurance | 0.0 | 0 | 396.1 | 4 | -100.0 |
| Letters of Credit | 3,714.2 | 61 | 3,215.3 | 63 | +15.5 |
| Standby Purchase Agreements | 767.5 | 8 | 762.6 | 10 | +0.6 |
| Insured Mortgages | 45.2 | 2 | 50.1 | 4 | -9.8 |
| Guaranties | 293.6 | 5 | 100.0 | 1 | +193.6 |
| State Governments | 0.0 | 0 | 164.4 | 3 | -100.0 |
| State Agencies | 2,122.9 | 36 | 2,209.2 | 52 | -3.9 |
| Counties & Parishes | 100.0 | 1 | 115.0 | 3 | -13.0 |
| Cities & Towns | 1,098.5 | 12 | 85.9 | 4 | +1178.8 |
| Districts | 433.0 | 8 | 549.5 | 8 | -21.2 |
| Local Authorities | 1,450.5 | 29 | 1,712.8 | 30 | -15.3 |
| Colleges & Universities | 219.7 | 6 | 351.0 | 4 | -37.4 |
| Direct Issuers | 3.6 | 1 | 0.0 | 0 | n.m. |
| Tribal Governments | 0.0 | 0 | 0.0 | 0 | n.m. |
| Cooperative Utilities | 0.0 | 0 | 54.6 | 2 | -100.0 |
| Bank-Qualified | 9.4 | 1 | 38.8 | 7 | -75.8 |
| 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 | 0.0 | 0 | n.m. |
Key to Abbreviations: cpt – competitive; GOs – general obligation bonds; ref – refunding.
Source: Thomson Reuters (using data available as of July 14, 2012)
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