2005 2004
Volume No. of Volume No. of Pct.
($000s) Issues ($000s) Issues Chg
TOTAL $3,630,300 133 $3,405,600 135 +6.6 %
First Quarter 1,453,900 55 1,769,800 62 -17.8
Second Quarter 2,176,400 78 1,635,800 73 +33.0
Development 100,000 3 17,100 5 +484.8
Education 1,461,500 48 1,100,300 39 +32.8
Electric Power 0 0 6,000
1 -100.0
Environmental Facilities 0 0 2,400
1 -100.0
Health Care 458,000 11 490,300 6 -6.6
Housing 380,200 11 125,100 6 +203.9
Public Facilities 5,300
1 57,200 11 -90.7
Transportation 185,100 3 598,000 6 -69.0
Utilities 327,300 19 378,600 18 -13.5
General Purpose 712,900 37 630,600 42 +13.1
Tax-Exempt 3,206,800 117 3,128,300 121 +2.5
Taxable 313,200 12 46,100 9 +579.4
Minimum-Tax 110,300 4 231,200 5 -52.3
New-Money 1,709,800 75 2,064,100 86 -17.2
Refunding 1,250,100 49 528,300 39 +136.6
Combined 670,400 9 813,200 10 -17.6
Negotiated 2,996,300 115 2,477,000 111 +21.0
Competitive 634,000 18 631,800 19 +0.3
Private Placements 0 0 296,800 5 -100.0
Revenue 2,520,500 85 2,120,600 73 +18.9
General Obligation 1,109,800 48 1,285,000 62 -13.6
Fixed-Rate 2,531,000 101 2,608,200 104 -3.0
Auction-Rate 215,000
1 491,600 4 -56.3
Variable-Rate (Short Put) 860,000 29 255,300 23 +236.9
Variable-Rate (Long Put) 15,800
1 0 0 n.m.
Zero-Coupon 1,800 3 45,400 6 -96.0
Convertible 6,700 2 5,100
1 +31.4
Bank-Qualified 181,700 37 248,700 50 -26.9
Bond Insurance 2,143,900 69 2,614,200 76 -18.0
Letters of Credit 387,500 21 79,800 15 +385.6
Insured Mortgages 0 0 11,100 2 -100.0
State Government 15,800
1 5,000
1 +216.0
State Agencies 1,236,900 40 869,000 24 +42.3
Municipalities 1,886,500 79 2,147,900 99 -12.2
Local Authorities 241,700 10 372,100 10 -35.0
Colleges & Universities 240,600 2 11,600
1 +1,974.1
Direct Issuers 8,900
1 0 0 n.m.
Private placements and municipal forwards are included, but short-term notes and remarketings are excluded.
n.m. not meaningful; unch unchanged. Source: Thomson Financial (7/9/05)
