1997 Volume($000s) 1997 No. of Issues 1996 Volume($000s) 1996 No. of
TOTAL $1,279,300 189 $950,600 144
First Quarter 125,300 19 184,400 27 -32.0
Second Quarter 323,900 52 326,200 46 -0.7
Third Quarter 331,300 44 95,700 18 246.2
Fourth Quarter 498,800 74 344,300 53 44.9
Development 58,400 8 57,400 7 1.7
Education 373,400 100 367,600 87 1.6
Electric Power 21,300 2 0 0 n.m.
Environmental 100,800 7 5,000 1 1916.0
Health Care 14,100 3 151,700 10 -90.7
Housing 212,800 15 81,300 7 161.7
Public Facilities 87,900 7 72,900 2 20.6
Transportation 84,800 4 36,600 2 131.7
Utilities 92,100 19 116,600 16 -21.0
General Purpose 233,700 24 61,500 12 280.0
Tax-Exempt 949,500 169 787,600 130 20.6
Minimum-Tax 318,900 15 157,400 12 102.6
Taxable 10,900 5 5,600 2 94.6
New-Money 812,800 108 646,400 83 25.7
Refunding 353,100 58 192,900 38 83.0
Combined 113,400 23 111,300 23 1.9
Negotiated 1,064,100 104 740,900 68 43.6
Competitive 201,200 83 190,700 72 5.5
Private Placements 14,000 2 19,000 4 -26.3
Revenue 914,600 88 712,000 63 28.5
General Obligation 364,700 101 238,600 81 52.8
Fixed-Rate 1,084,300 180 760,700 135 42.5
Variable (Short) 139,500 8 101,200 7 37.8
Variable (Long/No) 0 0 0 0 unch
Zero-Coupon 24,300 2 45,800 3 -46.9
Linked-Rate 31,200 1 42,900 2 -27.3
Convertible 0 0 0 0 unch
Bank-Qualified 284,400 119 193,100 91 47.3
Bond Insurance 309,500 19 373,100 27 -17.0
Letters of Credit 51,400 5 38,400 3 33.9
Insured Mortgages 94,100 4 64,900 4 45.0
Surety Bonds 0 0 0 0 unch
State Governments 103,500 6 97,600 6 6.0
State Agencies 357,200 21 210,900 14 69.4
Municipalities 576,800 133 490,300 110 17.6
Local Authorities 148,200 17 96,900 8 52.9
Public Colleges 93,600 12 54,900 6 70.5
Tribal Governments 0 0 0 0 unch
Other Issuers 0 0 0 0 unch
NOTES: Private placements and municipal forwards are included, but
