Results of Negotiated Sales

ALABAMA

Alabaster Water Board

Sep 24, 2013 . . . . . . $10,000,000

Water Revenue Bonds (bank qualified) (book entry)

Dated Oct 1, 2013.

Due Sep 1, 2014 to 2033.

First coupon Mar 1, 2014.

2019-2033 Callable Sep 1, 2018 at par.

Purchased through negotiation by Merchant Capital, LLC, as follows:

Due Amount Cpn Reoffered Ins
9/1/14 $695,000 2.00% 0.50%
9/1/15 $690,000 3.00% 0.85%
9/1/16 $715,000 5.00% 1.15%
9/1/17 $750,000 3.00% 1.43%
9/1/18 $775,000 2.00% 1.80%
9/1/19 $785,000 2.125% 2.125%
9/1/20 $805,000 2.25% 2.36%
9/1/21 $825,000 2.50% 2.65%
9/1/22 $845,000 2.75% 2.88%
9/1/23 $555,000 2.85% 3.00%
9/1/24 $220,000 3.00% 3.17%
9/1/25 $225,000 3.25% 3.37%
9/1/26 $230,000 3.40% 3.55%
9/1/27 $240,000 3.60% 3.72%
9/1/28 $250,000 3.75% 3.88%
9/1/29 $260,000 3.85% 4.00%
9/1/30 $265,000 4.00% 4.125%
9/1/31 $280,000 4.00% 4.20%
9/1/32 $290,000 4.15% 4.30%
9/1/33 $300,000 4.25% 4.40%

L.O.: Maynard Cooper & Gale, P.C., Birmingham, AL.

ILLINOIS

Downers Grove Village

Sep 24, 2013 . . . . . . $8,360,000

General Obligation Refunding Bonds, Series 2013A (bank qualified) (book entry)

Dated Oct 31, 2013.

Due Jan 1, 2015 to 2020.

First coupon Jul 1, 2014.

Non-callable.

Purchased through negotiation by Robert W. Baird & Co., Inc., as follows:

Due Amount Cpn Reoffered Ins
1/1/15 $1,175,000 2.00% 0.55%
1/1/16 $1,380,000 2.00% 0.87%
1/1/17 $1,500,000 3.00% 1.20%
1/1/18 $1,715,000 2.00% 1.60%
1/1/19 $1,775,000 2.50% 1.90%
1/1/20 $815,000 2.50% 2.15%

L.O.: Ice Miller, Chicago, IL.

F.A.: Northern Trust Company, Chicago, IL.

INDIANA

Noblesville Multi-School Building Corporation

Sep 24, 2013 . . . . . . $39,510,000

Ad Valorem Property Tax First Mortgage Refunding Bonds, Series 2013 (book entry)

Dated Oct 22, 2013. Interest accrues Oct 22, 2013.

Due Jan 15, 2014 to 2027.

First coupon Jan 15, 2014.

2024-2027 Callable Jul 15, 2023 at par.

Purchased through negotiation by City Securities Corp., as follows:

Due Amount Cpn Reoffered Ins
1/15/14 $1,655,000 3.00% 0.33%
7/15/14 $1,235,000 4.00% 0.41%
1/15/15 $1,260,000 1.50% 0.54%
7/15/15 $1,180,000 4.00% 0.65%
1/15/16 $1,205,000 3.00% 0.81%
7/15/16 $1,175,000 4.00% 1.01%
1/15/17 $410,000 3.00% 1.14%
1/15/17 $790,000 1.50% 1.14%
7/15/17 $1,165,000 4.00% 1.31%
1/15/18 $1,185,000 4.00% 1.56%
7/15/18 $1,095,000 5.00% 1.73%
1/15/19 $595,000 4.00% 1.94%
1/15/19 $525,000 2.00% 1.94%
7/15/19 $1,190,000 5.00% 2.06%
1/15/20 $1,220,000 2.00% 2.21%
7/15/20 $1,190,000 5.00% 2.34%
7/15/21 $2,760,000 5.00% 2.67%
7/15/22 $3,195,000 5.00% 2.98%
7/15/23 $3,360,000 5.00% 3.25%
7/15/24 $3,530,000 5.00% 3.43%
7/15/25 $3,705,000 5.00% 3.61%
1/15/27 $5,885,000 4.00% 4.12%

L.O.: Ice Miller, Indianapolis, IN.

KANSAS

Kansas Independent College Finance Authority

Sep 24, 2013 . . . . . . $2,675,000

Educational Facilities Refunding Revenue Bonds (Bethel College Project), Series 2013 (book entry)

Dated Oct 24, 2013.

Due Apr 1, 2025.

First coupon Apr 1, 2014.

2025-2025 Callable Apr 1, 2018 at par.

Purchased through negotiation by Stern Brothers & Co., as follows:

Due Amount Cpn Reoffered Ins
4/1/25 $2,675,000 4.50% 4.50%

L.O.: Bryan Cave, LLP, Kansas City, MO.

MICHIGAN

Adams Drain Drainage District

Sep 24, 2013 . . . . . . $340,000

Adams Drain Bonds, Series 2013 (book entry)

Dated Sep 24, 2013.

Due Jun 1, 2014 to 2023.

First coupon Jun 1, 2014.

Non-callable.

Privately placed by Fifth Third Securities, Inc., as follows:

Due Amount Cpn Reoffered Ins
6/1/14 $30,000 7.00% 7.25%
6/1/15 $35,000 7.00% 7.25%
6/1/16 $35,000 7.00% 7.25%
6/1/17 $35,000 7.00% 7.25%
6/1/18 $35,000 7.00% 7.25%
6/1/19 $35,000 7.00% 7.25%
6/1/20 $35,000 7.00% 7.25%
6/1/21 $35,000 7.00% 7.25%
6/1/22 $35,000 7.00% 7.25%
6/1/23 $30,000 7.00% 7.25%

L.O.: Dickinson Wright PLLC, Lansing, MI.

F.A.: Acacia Financial Group, Inc., Chicago, IL.

Lapeer (City)

Sep 24, 2013 . . . . . . $900,000

Limited Tax General Obligation Capital Improvement Bonds (book entry)

Dated Sep 24, 2013.

Due Nov 1, 2020.

Non-callable.

Privately placed by Robert W. Baird & Co., Inc., as follows:

Due Amount Cpn Reoffered Ins
11/1/20 $900,000 2.20% 2.20%

L.O.: Miller, Canfield, Paddock & Stone, P.L.C., Kalamazoo, MI.

Marlette (City)

Sep 24, 2013 . . . . . . $1,410,000

General Obligation Refunding Bonds, Series 2013 (book entry)

Dated Sep 24, 2013.

Due Jul 1, 2014 to 2028.

Non-callable.

Privately placed by Robert W. Baird & Co., Inc., as follows:

Due Amount Cpn Reoffered Ins
7/1/14 $80,000 2.00% 2.00%
7/1/15 $85,000 2.20% 2.20%
7/1/16 $85,000 2.25% 2.25%
7/1/17 $90,000 2.50% 2.50%
7/1/18 $95,000 2.75% 2.75%
7/1/19 $100,000 3.00% 3.00%
7/1/20 $100,000 3.25% 3.25%
7/1/21 $100,000 3.25% 3.25%
7/1/22 $105,000 3.40% 3.40%
7/1/23 $105,000 3.40% 3.40%
7/1/24 $95,000 3.50% 3.50%
7/1/25 $95,000 3.50% 3.50%
7/1/26 $90,000 3.50% 3.50%
7/1/27 $90,000 3.50% 3.50%
7/1/28 $95,000 3.50% 3.50%

L.O.: Miller, Canfield, Paddock & Stone, P.L.C., Detroit, MI.

Throop Drain Drainage District

Sep 24, 2013 . . . . . . $1,150,000

Throop Drain Bonds, Series 2013 (book entry)

Dated Sep 24, 2013.

Due Jun 1, 2014 to 2023.

First coupon Jun 1, 2014.

Non-callable.

Privately placed by Fifth Third Securities, Inc., as follows:

Due Amount Cpn Reoffered Ins
6/1/14 $115,000 7.00% 7.25%
6/1/15 $115,000 7.00% 7.25%
6/1/16 $115,000 7.00% 7.25%
6/1/17 $115,000 7.00% 7.25%
6/1/18 $115,000 7.00% 7.25%
6/1/19 $115,000 7.00% 7.25%
6/1/20 $115,000 7.00% 7.25%
6/1/21 $115,000 7.00% 7.25%
6/1/22 $115,000 7.00% 7.25%
6/1/23 $115,000 7.00% 7.25%

L.O.: Dickinson Wright PLLC, Detroit, MI.

F.A.: Acacia Financial Group, Inc., Chicago, IL.

MINNESOTA

Le Sueur (City)

Sep 23, 2013 . . . . . . $800,000

General Obligation Street Reconstruction Refunding Bonds, Series 2013B (bank qualified) (book entry)

Dated Oct 1, 2013. Interest accrues Oct 1, 2013.

Due Dec 1, 2014 to 2026.

First coupon Jun 1, 2014.

2021-2026 Callable Dec 1, 2020 at par.

Purchased through negotiation by Northland Securities, Inc., as follows:

Due Amount Cpn Reoffered Ins
12/1/15 $110,000 0.90% 0.90%
12/1/17 $110,000 1.40% 1.40%
12/1/19 $120,000 1.75% 1.75%
12/1/21 $120,000 2.25% 2.25%
12/1/23 $130,000 2.75% 2.75%
12/1/26 $210,000 3.20% 3.20%

L.O.: Briggs & Morgan, St. Paul, MN; and Briggs & Morgan, Minneapolis, MN.

Minnetonka Independent School District No. 276

Sep 23, 2013 . . . . . . $13,325,000

General Obligation Refunding Bonds, Series 2013H (Minnesota School District Enhancement Program Insured) (book entry)

Dated Nov 1, 2013. Interest accrues Nov 1, 2013.

Due Feb 1, 2015 to 2026.

First coupon Aug 1, 2014.

2024-2026 Callable Feb 1, 2023 at par.

Purchased through negotiation by Northland Securities, Inc., as follows:

Due Amount Cpn Reoffered Ins
2/1/15 $830,000 3.00% 0.45%
2/1/16 $970,000 2.00% 0.75%
2/1/17 $990,000 2.00% 1.10%
2/1/18 $1,010,000 3.00% 1.55%
2/1/19 $1,040,000 4.00% 1.95%
2/1/20 $1,085,000 3.00% 2.15%
2/1/21 $1,115,000 4.00% 2.45%
2/1/22 $1,160,000 4.00% 2.70%
2/1/23 $1,205,000 4.00% 2.87%
2/1/24 $1,255,000 4.00% 3.01%
2/1/25 $1,305,000 4.00% 3.19%
2/1/26 $1,360,000 4.00% 3.37%

L.O.: Dorsey & Whitney, Minneapolis, MN.

MISSOURI

Missouri Development Finance Board

Sep 24, 2013 . . . . . . $43,800,000

Infrastructure Facilities Revenue Bonds (City of Independence, Missouri Annual Appropriation Sewer System Revenue Bonds), Series 2013C (book entry)

Dated Oct 3, 2013.

Due Nov 1, 2014 to 2042.

First coupon May 1, 2014.

2024-2042 Callable Nov 1, 2023 at par.

Purchased through negotiation by Piper Jaffray & Company, as follows:

Due Amount Cpn Reoffered Ins
11/1/14 $250,000 2.00% 0.78%
11/1/15 $500,000 2.00% 1.06%
11/1/16 $670,000 3.00% 1.42%
11/1/17 $885,000 3.00% 1.80%
11/1/18 $910,000 3.00% 2.25%
11/1/19 $940,000 4.00% 2.66%
11/1/20 $980,000 4.00% 2.96%
11/1/21 $1,025,000 4.00% 3.31%
11/1/22 $1,065,000 4.00% 3.53%
11/1/23 $1,115,000 5.00% 3.70%
11/1/28 $6,390,000 4.375% 4.53%
11/1/33 $8,075,000 5.00% 5.05%
11/1/42 $20,995,000 5.25% 5.34%

L.O.: Gilmore & Bell, Kansas City, MO.

NEBRASKA

Custer County

Sep 24, 2013 . . . . . . $425,000

County Building Refunding Bonds (Limited Obligation) (bank qualified) (book entry)

Dated Oct 29, 2013. Interest accrues Oct 29, 2013.

Due Nov 15, 2014 to 2023.

First coupon May 15, 2014.

2018-2023 Callable Oct 29, 2018 at par.

Purchased through negotiation by Ameritas Investment Corp., as follows:

Due Amount Cpn Reoffered Ins
11/15/14 $35,000 0.40% 0.40%
11/15/15 $35,000 0.65% 0.65%
11/15/16 $40,000 0.95% 0.95%
11/15/17 $40,000 1.25% 1.25%
11/15/18 $40,000 1.70% 1.70%
11/15/19 $45,000 2.00% 2.00%
11/15/20 $45,000 2.25% 2.25%
11/15/21 $45,000 2.55% 2.55%
11/15/22 $50,000 2.80% 2.80%
11/15/23 $50,000 3.00% 3.00%

L.O.: Rembolt Ludtke, Lincoln, NE.

Knox County School District No. 501

Sep 24, 2013 . . . . . . $9,995,000

Limited Tax School Notes (Niobrara Public Schools) (bank qualified) (book entry)

Dated Sep 27, 2013.

Due Dec 15, 2016.

First coupon Jun 15, 2014.

Non-callable.

Purchased through negotiation by D.A. Davidson & Co., as follows:

Due Amount Cpn Reoffered Ins
12/15/16 $9,995,000 3.00% 3.00%

L.O.: Kutak Rock, Omaha, NE.

Madison County

Sep 24, 2013 . . . . . . $1,500,000

Highway Allocation Fund Pledge Bonds, Series 2013 (Limited Obligation) (bank qualified) (book entry)

Dated Oct 8, 2013. Interest accrues Oct 8, 2013.

Due May 15, 2014 to 2023.

First coupon May 15, 2014.

2019-2023 Callable Oct 8, 2018 at par.

Purchased through negotiation by Ameritas Investment Corp., as follows:

Due Amount Cpn Reoffered Ins
5/15/14 $150,000 0.35% 0.35%
5/15/15 $140,000 0.55% 0.55%
5/15/16 $145,000 0.85% 0.85%
5/15/17 $145,000 1.15% 1.15%
5/15/18 $145,000 1.60% 1.60%
5/15/19 $150,000 1.90% 1.90%
5/15/20 $150,000 2.15% 2.15%
5/15/21 $155,000 2.50% 2.50%
5/15/22 $160,000 2.70% 2.70%
5/15/23 $160,000 2.90% 2.90%

L.O.: Rembolt Ludtke, Lincoln, NE.

OHIO

Lancaster (City)

Sep 24, 2013 . . . . . . $212,500

Street Improvement (General Obligation Limited Tax) Bond Anticipation Notes, Series 2013 (bank qualified) (book entry)

Dated Oct 10, 2013. Interest accrues Oct 10, 2013.

Due Oct 9, 2014.

First coupon Oct 9, 2014.

Non-callable.

Purchased through negotiation by Fifth Third Securities, Inc., as follows:

Due Amount Cpn Reoffered Ins
10/9/14 $212,500 2.50% 0.65%

L.O.: Benesch, Friedlander, Coplan & Aronoff LLP, Cleveland, OH.

PENNSYLVANIA

Fleetwood Area School District

Sep 23, 2013 . . . . . . $9,985,000

General Obligation Bonds (Limited Tax), Series 2013 (bank qualified) (book entry)

Dated Oct 23, 2013.

Due Jun 1, 2014 to 2023.

First coupon Jun 1, 2014.

2019-2023 Callable Dec 1, 2018 at par.

Purchased through negotiation by RBC Capital Markets, as follows:

Due Amount Cpn Reoffered Ins
6/1/14 $5,000 0.35% 0.35% PSAIP
6/1/15 $220,000 0.55% 0.55% PSAIP
6/1/16 $220,000 1.00% 0.85% PSAIP
6/1/17 $225,000 1.20% 1.20% PSAIP
6/1/18 $230,000 1.60% 1.60% PSAIP
6/1/19 $1,830,000 2.00% 1.95% PSAIP
6/1/20 $2,135,000 2.10% 2.20% PSAIP
6/1/21 $2,180,000 2.375% 2.50% PSAIP
6/1/22 $2,240,000 2.60% 2.70% PSAIP
6/1/23 $700,000 3.00% 2.875% PSAIP

L.O.: Rhoads & Sinon, Harrisburg, PA.

Jeannette School District

Sep 23, 2013 . . . . . . $9,715,000

General Obligation Bonds, Series A of 2013 (bank qualified) (book entry) $7,835,000.

Dated Oct 24, 2013.

Due Jun 15, 2014 to 2028.

First coupon Dec 15, 2013.

2019-2028 Callable Dec 15, 2018 at par.

Purchased through negotiation by Janney Montgomery Scott LLC, as follows:

Due Amount Cpn Reoffered Ins
6/15/14 $210,000 0.50% 0.50% BAM
6/15/15 $215,000 0.90% 0.90% BAM
6/15/16 $155,000 2.00% 1.30% BAM
6/15/17 $155,000 2.00% 1.70% BAM
6/15/18 $330,000 2.125% 2.20% BAM
6/15/19 $335,000 2.375% 2.55% BAM
6/15/20 $315,000 2.625% 2.80% BAM
6/15/21 $330,000 3.00% 3.08% BAM
6/15/22 $340,000 3.125% 3.28% BAM
6/15/23 $315,000 3.25% 3.45% BAM
6/15/24 $330,000 3.50% 3.64% BAM
6/15/25 $340,000 3.75% 3.82% BAM
6/15/26 $1,430,000 4.00% 4.03% BAM
6/15/27 $1,485,000 4.00% 4.13% BAM
6/15/28 $1,550,000 4.00% 4.20% BAM

General Obligation Bonds, Series B of 2013 (bank qualified) (book entry) $1,880,000.

Dated Oct 24, 2013.

Due Dec 15, 2013 to 2016.

First coupon Dec 15, 2013.

Non-callable.

Due Amount Cpn Reoffered Ins
12/15/13 $710,000 0.40% 0.40% BAM
12/15/14 $460,000 0.55% 0.55% BAM
12/15/15 $465,000 2.00% 0.95% BAM
12/15/16 $245,000 2.00% 1.35% BAM

L.O.: Lynch & Lynch, Pittsburgh, PA.

TEXAS

Lavon (City)

Sep 23, 2013 . . . . . . $8,065,000

Special Assessment Revenue Bonds, Series 2013 (Heritage Public Improvement District N0. 1 (Residential)) (bank qualified) (book entry)

Dated Oct 1, 2013. Interest accrues Oct 1, 2013.

Due Oct 1, 2014 to 2039.

First coupon Apr 1, 2014.

2022-2039 Callable Oct 1, 2021 at par.

Purchased through negotiation by RBC Capital Markets, as follows:

Due Amount Cpn Reoffered Ins
10/1/14 $220,000 4.00% 1.50%
10/1/15 $200,000 4.00% 2.00%
10/1/16 $205,000 4.00% 2.25%
10/1/17 $215,000 4.00% 2.50%
10/1/18 $225,000 4.00% 2.75%
10/1/19 $230,000 4.00% 3.00%
10/1/20 $240,000 4.00% 3.25%
10/1/21 $250,000 4.00% 3.50%
10/1/22 $260,000 4.00% 3.75%
10/1/23 $270,000 4.00% 4.00%
10/1/24 $280,000 4.125% 4.25%
10/1/25 $295,000 4.375% 4.50%
10/1/26 $305,000 4.625% 4.75%
10/1/27 $320,000 4.75% 4.90%
10/1/28 $335,000 4.875% 5.00%
10/1/29 $350,000 5.00% 5.10%
10/1/30 $370,000 5.00% 5.15%
10/1/31 $385,000 5.125% 5.20%
10/1/32 $405,000 5.125% 5.25%
10/1/33 $430,000 5.125% 5.30%
10/1/39 $2,275,000 5.375% 5.50%

L.O.: Coats, Rose, Yale, Ryman & Lee, P.C., Dallas, TX; and State Attorney General.

San Antonio River Authority

Sep 23, 2013 . . . . . . $3,120,000

Wastewater System Revenue Refunding Bonds, Series 2013 (bank qualified) (book entry)

Dated Sep 15, 2013.

Due Jul 1, 2014 to 2022.

First coupon Jan 1, 2014.

Non-callable.

Purchased through negotiation by SAMCO Capital Markets, M. E. Allison & Co., Inc., as follows:

Due Amount Cpn Reoffered Ins
7/1/14 $300,000 2.00% 0.50% BAM
7/1/15 $320,000 2.00% 0.68% BAM
7/1/16 $325,000 2.00% 0.97% BAM
7/1/17 $335,000 3.00% 1.28% BAM
7/1/18 $345,000 3.00% 1.65% BAM
7/1/19 $355,000 3.00% 2.05% BAM
7/1/20 $365,000 3.00% 2.30% BAM
7/1/21 $380,000 3.00% 2.61% BAM
7/1/22 $395,000 3.00% 2.80% BAM

L.O.: McCall Parkhurst & Horton, Austin, TX; and State Attorney General.

WISCONSIN

Johnson Creek Community Development Authority

Sep 24, 2013 . . . . . . $1,780,000

Community Development Refunding Lease Revenue Bonds, Series 2013 (Tax Incremental District, No 2) (bank qualified) (book entry)

Dated Oct 7, 2013.

Due Dec 1, 2019 to 2022.

First coupon Jun 1, 2014.

2021-2022 Callable Dec 1, 2020 at par.

Purchased through negotiation by Robert W. Baird & Co., Inc., as follows:

Due Amount Cpn Reoffered Ins
12/1/19 $430,000 2.50% 2.50%
12/1/20 $445,000 2.75% 2.75%
12/1/21 $450,000 3.05% 3.05%
12/1/22 $455,000 3.25% 3.25%

L.O.: Quarles & Brady, Milwaukee, WI.

F.A.: Public Financial Management, Inc., Milwaukee, WI.

TAXABLE ISSUES

MINNESOTA

Le Sueur (City)

Sep 23, 2013 . . . . . . $965,000

General Obligation Sewer Revenue Bonds, Series 2013A (book entry) (Taxable)

Dated Oct 1, 2013. Interest accrues Oct 1, 2013.

Due Dec 1, 2014 to 2025.

First coupon Jun 1, 2014.

2021-2025 Callable Dec 1, 2020 at par.

Purchased through negotiation by Northland Securities, Inc., as follows:

Due Amount Cpn Reoffered Ins
12/1/15 $135,000 1.10% 1.10% MNCEP
12/1/17 $145,000 2.00% 2.00% MNCEP
12/1/19 $150,000 2.70% 2.70% MNCEP
12/1/21 $165,000 3.20% 3.20% MNCEP
12/1/23 $175,000 3.85% 3.85% MNCEP
12/1/25 $195,000 4.20% 4.20% MNCEP

L.O.: Briggs & Morgan, St. Paul, MN; and Briggs & Morgan, Minneapolis, MN.

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Negotiated sales results
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