Bank of America Merrill Lynch in 2010 reclaimed its title as the top underwriter of municipal debt, thanks mainly to its dominance in the competitive market.

The bank underwrote $59.9 billion of muni bonds in 2010, a 7.5% increase from 2009, based on a Thomson Reuters methodology that apportions credit for underwritings based on how much of a syndicated deal was placed through each underwriter.

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