Results of Competitive Sales

IOWA

Urbana (City)

Sep 30, 2013 . . . . . . $545,000

General Obligation Corporate Purpose Bonds, Series 2013 (bank qualified) (book entry).

Dated Oct 24, 2013.

Due Jun 1, 2017 to 2023.

Callable Jun 1, 2020 at par.

Winning bid: D.A. Davidson, at n/a, TIC 2.35%.

Due Amount Cpn Yield Conc Ins
6/1/19 $140,000 1.60% 1.60%
6/1/20 $100,000 2.00% 2.00%
6/1/21 $100,000 2.25% 2.25%
6/1/22 $100,000 2.45% 2.45%
6/1/23 $105,000 2.60% 2.60%

L.O.: Dorsey & Whitney, Des Moines, IA.

F.A.: Speer Financial, Inc., Chicago, IL; and Speer Financial, Inc., Waterloo, IA.

Other bidders were:

UMB Bank, TIC 2.3675%

Bankers' Bank, TIC 2.393%

Hutchinson Shockey, TIC 2.7431%

Northland Securities, TIC 2.9107%

MASSACHUSETTS

Lee (Town)

Sep 30, 2013 . . . . . . $7,195,000

General Obligation Refunding Bonds (Unlimited Tax) (bank qualified) (book entry).

Dated Oct 15, 2013.

Due Dec 1, 2014 to 2022.

Non-callable.

Winning bid: PNC Capital Markets, at 104.5879, TIC 1.7449%.

Due Amount Cpn Yield Conc Ins
12/1/14 $865,000 2.00% 0.25%
12/1/15 $710,000 2.00% 0.40%
12/1/16 $730,000 2.00% 0.75%
12/1/17 $755,000 2.00% 1.05%
12/1/18 $775,000 2.00% 1.40%
12/1/19 $800,000 3.00% 1.60%
12/1/20 $825,000 3.00% 1.75%
12/1/21 $855,000 3.00% 2.00%
12/1/22 $880,000 3.00% 2.15%

L.O.: Edwards Wildman Palmer LLP, Boston, MA.

F.A.: UniBank Fiscal Advisory Services, Inc., Whitinsville, MA.

Other bidders were:

Fidelity Capital, TIC 1.7643%

Robert W. Baird, TIC 1.7828%

Roosevelt & Cross, TIC 1.785%

BOSC, TIC 1.7941%

Hutchinson Shockey, TIC 1.7988%

Piper Jaffray, TIC 1.8128%

Stifel Nicolaus, TIC 1.8655%

Southwest Securities, TIC 1.8795%

FTN Fin Cap Mkts, TIC 1.8859%

BMO Cap Mkts GKST, TIC 1.9949%

Janney Montgomery, TIC 2.0282%

NEW JERSEY

Woodlynne Borough

Sep 30, 2013 . . . . . . $294,500

Bond Anticipation Notes of 2013, Series A (bank qualified).

Dated Oct 9, 2013.

Due Oct 8, 2014.

Purchased $294,500.00 by East Brunswick Twp, at 1.365%, effective rate 1.365%.

L.O.: Parker, McCay, P.A., Mount Laurel, NJ.

F.A.: Municipal Official(s).

Other bidders were:

Oppenheimer, Effective Rate 3.248%

NORTH DAKOTA

Turtle Lake-Mercer Public School District No. 72

Sep 30, 2013 . . . . . . $800,000

General Obligation School Building Bonds, Series 2013 (bank qualified) (book entry).

Dated Oct 15, 2013.

Due Aug 1, 2014 to 2033.

Callable Aug 1, 2022 at par.

Winning bid: Cronin, at 98.2309, NIC 3.735%.

Due Amount Cpn Yield Conc Ins
8/1/14 $20,000 2.00% 0.50% NDSDC
8/1/15 $30,000 2.00% 0.75% NDSDC
8/1/16 $30,000 2.00% 1.00% NDSDC
8/1/17 $30,000 2.00% 1.25% NDSDC
8/1/18 $30,000 2.00% 1.50% NDSDC
8/1/19 $35,000 2.00% 1.85% NDSDC
8/1/22 $105,000 2.75% 2.75% NDSDC
8/1/25 $120,000 3.25% 3.25% NDSDC
8/1/29 $185,000 3.75% 3.75% NDSDC
8/1/33 $215,000 4.00% 4.00% NDSDC

L.O.: Arntson Stewart Wegner PC, Bismarck, ND.

F.A.: Dougherty & Company LLC, Bismarck, ND.

Other bidders were:

Hutchinson Shockey, NIC 3.9111%

Northland Securities, NIC 3.9344%

WISCONSIN

Baraboo School District

Sep 23, 2013 . . . . . . $4,000,000

Tax and Revenue Anticipation Notes (bank qualified) (book entry).

Dated Sep 30, 2013.

Due Sep 18, 2014.

Purchased $4,000,000.00 by Robert W. Baird, at 1.0%, plus $21,680.00, effective rate 0.4393%.

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

F.A.: Municipal Official(s).

Other bidders were:

Bank of Oklahoma, Effective Rate 0.5301%

Baraboo Natl Bk, Effective Rate 0.55%

Oppenheimer, Effective Rate 0.6441%

Madison Metropolitan School District

Sep 30, 2013 . . . . . . $64,500,000

Tax and Revenue Anticiaption Promissory Notes (book entry).

Dated Oct 8, 2013.

Due Sep 9, 2014.

Purchased $64,500,000.00 by TD Securities, at 1.0%, plus $478,912.49, effective rate 0.191%.

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

F.A.: Robert W. Baird & Co., Inc., Milwaukee, WI.

Other bidders were:

JPMorgan, Effective Rate 0.1915%

Wells Fargo Secs, Effective Rate 0.1988%

Piper Jaffray, Effective Rate 0.1988%

Citigroup, Effective Rate 0.2181%

BA Merrill Lynch, Effective Rate 0.2192%

Morgan Stanley, Effective Rate 0.22%

Jefferies, Effective Rate 0.2287%

US Bancorp Invest, Effective Rate 0.2384%

Nicolet Unified High School District

Sep 30, 2013 . . . . . . $1,975,000

General Obligation Promissory Notes (bank qualified) (book entry).

Dated Oct 22, 2013.

Due Mar 1, 2014 to 2022.

Non-callable.

Winning bid: Piper Jaffray, at 100.0000, TIC 2.2233%.

Due Amount Cpn Yield Conc Ins
3/1/14 $500,000 2.00% 0.25%
3/1/15 $165,000 2.00% 0.40%
3/1/16 $170,000 2.00% 0.60%
3/1/17 $175,000 2.00% 0.85%
3/1/18 $180,000 2.00% 1.15%
3/1/19 $180,000 2.00% 1.50%
3/1/20 $200,000 2.25% 1.75%
3/1/21 $200,000 2.375% 1.90%
3/1/22 $205,000 2.50% 2.10%

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

F.A.: Robert W. Baird & Co., Inc., Milwaukee, WI.

Other bidders were:

BOSC, TIC 2.2471%

UMB Bank, TIC 2.2607%

Cronin, TIC 2.2935%

Vining-Sparks IBG, TIC 2.3884%

Bernardi Securities, TIC 2.7318%

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Competitive sales results
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