LOC Bonds
FIRST HALF
2012
Volume in millions
 
Number of issues
2011
Volume in millions
 
Number of issues
 
Change from prior period
TOTAL $3,728.8 64 $3,230.4 64 +15.4
First Quarter 733.5 14 566.8 15 +29.4
Second Quarter 2,995.3 51 2,663.6 50 +12.5
Domestic Banks 2,363.3 49 2,623.2 54 –9.9
Foreign Banks 1,365.5 16 607.2 11 +124.9
Development 335.3 7 457.4 11 –26.7
Education 253.4 12 478.4 10 –47.0
Electric Power 474.0 4 108.0 2 +338.9
Environmental Facilities 182.4 3 25.0 2 +629.6
Health Care 425.5 10 1,759.6 28 –75.8
Housing 600.4 12 230.3 4 +160.7
Public Facilities 16.0 1 10.4 1 +53.8
Transportation 165.6 4 9.0 1 +1740.0
Utilities 93.8 2 85.8 2 +9.3
General Purpose 1,182.4 10 66.5 4 +1678.0
Tax-Exempt 3,679.9 57 2,623.5 55 +40.3
Taxable 33.8 5 601.8 8 –94.4
Minimum-Tax 15.0 2 5.0 1 +200.0
New-Money 2,589.3 50 1,018.2 33 +154.3
Refunding 870.6 9 1,246.3 18 –30.1
Combined 268.9 6 965.7 14 –72.2
Negotiated 3,715.3 63 3,230.2 65 +15.0
Competitive 0.0 0 0.0 0 n.m.
Private Placements 13.4 2 0.0 0 n.m.
Revenue 2,765.6 57 3,227.2 64 –14.3
General Obligation 963.2 8 3.0 1 +32006.7
Fixed-Rate 14.5 3 15.0 1 –3.3
Variable-Rate (Short Put) 3,714.2 61 3,215.2 63 +15.5
Variable-Rate (Long/No Put) 0.0 0 0.0 0 n.m.
Zero-Coupon 0.0 0 0.0 0 n.m.
Linked-Rate 0.0 0 0.0 0 n.m.
Auction-Rate 0.0 0 0.0 0 n.m.
Convertible 0.0 0 0.0 0 n.m.
State Governments 0.0 0 12.0 1 –100.0
State Agencies 1,665.3 27 1,465.2 32 +13.7
Counties & Parishes 0.0 0 30.0 1 –100.0
Cities & Towns 985.7 10 0.0 0 n.m.
Districts 307.4 5 424.6 6 –27.6
Local Authorities 665.6 19 979.7 22 –32.1
Colleges & Universities 104.7 4 318.8 3 –67.2
Direct Issuers 0.0 0 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 9.4 1 3.0 1 +213.3
Build America Bonds 0.0 0 0.0 0 n.m.
Qualified Sch Construction 0.0 0 0.0 0 n.m.
Other Stimulus 0.0 0 0.0 0 n.m.


Key to Abbreviations: cpt – competitive; GOs – general obligation bonds; ref – refunding.
Source: Thomson Reuters (using data available as of July 14, 2012)

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