| Largest General Purpose Bonds FIRST HALF | 2012 Volume in millions | Number of issues | 2011 Volume in millions | Number of issues | Change from prior period |
|---|---|---|---|---|---|
| TOTAL | $55,927.8 | 1,905 | $30,463.1 | 1,251 | +83.6 |
| First Quarter | 23,170.8 | 799 | 15,994.7 | 470 | +44.9 |
| Second Quarter | 32,756.9 | 1,106 | 14,468.4 | 781 | +126.4 |
| General Purpose | 55,646.6 | 1,904 | 30,442.8 | 1,250 | +82.8 |
| Agriculture | 281.1 | 1 | 0.0 | 0 | n.m. |
| Houses of Worship | 0.0 | 0 | 0.0 | 0 | n.m. |
| Veterans | 0.0 | 0 | 20.3 | 1 | –100.0 |
| Tax-Exempt | 51,288.7 | 1,736 | 23,943.1 | 1,155 | +114.2 |
| Taxable | 4,622.1 | 166 | 6,520.1 | 96 | –29.1 |
| Minimum-Tax | 16.9 | 3 | 0.0 | 0 | n.m. |
| New-Money | 19,404.3 | 817 | 18,801.4 | 714 | +3.2 |
| Refunding | 25,683.8 | 903 | 7,281.8 | 398 | +252.7 |
| Combined | 10,839.7 | 185 | 4,380.0 | 139 | +147.5 |
| Negotiated | 40,270.7 | 1,034 | 19,081.9 | 632 | +111.0 |
| Competitive | 15,407.7 | 845 | 10,940.7 | 574 | +40.8 |
| Private Placements | 249.4 | 26 | 440.5 | 45 | –43.4 |
| Revenue | 16,674.6 | 272 | 8,776.3 | 183 | +90.0 |
| General Obligation | 39,253.2 | 1,633 | 21,686.8 | 1,068 | +81.0 |
| Fixed-Rate | 53,803.4 | 1,887 | 29,313.8 | 1,235 | +83.5 |
| Variable-Rate (Short Put) | 1,261.9 | 11 | 66.5 | 4 | +1797.6 |
| Variable-Rate (Long/No Put) | 47.4 | 1 | 0.0 | 0 | n.m. |
| Zero-Coupon | 15.9 | 5 | 0.1 | 2 | +15800.0 |
| Linked-Rate | 771.9 | 5 | 1,082.7 | 12 | –28.7 |
| Auction-Rate | 0.0 | 0 | 0.0 | 0 | n.m. |
| Convertible | 27.1 | 2 | 0.0 | 0 | n.m. |
| Bond Insurance | 1,838.1 | 144 | 1,672.7 | 136 | +9.9 |
| Letters of Credit | 1,182.4 | 9 | 66.5 | 4 | +1678.0 |
| Standby Purchase Agreements | 79.5 | 2 | 0.0 | 0 | n.m. |
| Insured Mortgages | 0.0 | 0 | 0.0 | 0 | n.m. |
| Guaranties | 341.9 | 21 | 62.4 | 11 | +447.9 |
| State Governments | 18,150.5 | 68 | 11,711.2 | 45 | +55.0 |
| State Agencies | 9,901.9 | 53 | 3,490.5 | 30 | +183.7 |
| Counties & Parishes | 6,190.1 | 294 | 2,906.0 | 151 | +113.0 |
| Cities & Towns | 17,547.9 | 1,354 | 8,395.9 | 930 | +109.0 |
| Districts | 499.9 | 45 | 306.9 | 32 | +62.9 |
| Local Authorities | 3,628.4 | 89 | 3,652.7 | 63 | –0.7 |
| Colleges & Universities | 7.3 | 1 | 0.0 | 0 | n.m. |
| Direct Issuers | 1.7 | 1 | 0.0 | 0 | n.m. |
| Tribal Governments | 0.0 | 0 | 0.0 | 0 | n.m. |
| Cooperative Utilities | 0.0 | 0 | 0.0 | 0 | n.m. |
| Bank-Qualified | 3,780.3 | 983 | 2,421.2 | 721 | +56.1 |
| Build America Bonds | 0.0 | 0 | 15,786.2 | 222 | –100.0 |
| Qualified Sch Construction | 0.0 | 0 | 14.8 | 1 | –100.0 |
| Other Stimulus | 0.4 | 1 | 41.7 | 7 | –99.0 |
Key to Abbreviations: cpt – competitive; GOs – general obligation bonds; ref – refunding.
Source: Thomson Reuters (using data available as of July 14, 2012)
