The "Top LOC Providers: Auction-Rate Issues" table that ran Thursday was based on incorrect information in Thomson Financial's database. A number of the issues were mislabeled and should have been categorized as variable-rate demand notes. Other issues combined variable-rate and auction-rate securities and used letters of credit to enhance the variable-rate portion of those issues.
The Municipal Bond Index calculated on Thursday included a price quote for the Maryland Health & Educational Facilities Authority 4.75% bond due July 1, 2047 (Cusip: 574217P66) that was revised after hours by Standard & Poor's Securities Evaluations Inc. The revised price quote was 97.491. As a result, the Municipal Bond Index for Feb. 13 is now 110-22, the average dollar price is 100.04, and the average yield to par call is 4.90%. The average yield to maturity was unchanged at 4.91%.