1997 Volume($000s) 1997 No. of Issues 1996 Volume($000s) 1996 No. of
TOTAL $2,070,000 184 $2,100,700 170 -
First Quarter 533,900 48 477,400 49 11.8
Second Quarter 432,500 40 687,800 36 -37.1
Third Quarter 393,100 46 432,700 32 -9.2
Fourth Quarter 710,500 50 502,800 53 41.3
Development 60,000 9 123,900 9 -51.6
Education 472,300 41 338,200 41 39.7
Electric Power 0 0 50,900 1 -100.0
Environmental 15,400 4 169,700 6 -90.9
Health Care 294,100 9 139,200 9 111.3
Housing 390,300 25 208,800 16 86.9
Public Facilities 94,000 22 295,100 19 -68.1
Transportation 188,600 20 49,400 17 281.8
Utilities 164,200 24 57,900 18 183.6
General Purpose 391,100 30 667,600 34 -41.4
Tax-Exempt 1,615,600 146 1,725,700 149 -
Minimum-Tax 311,800 20 197,400 13 58.0
Taxable 142,600 18 177,600 8 -19.7
New-Money 1,436,300 123 1,259,200 121
Refunding 561,200 58 711,700 42 -21.1
Combined 72,500 3 129,800 7 -44.1
Negotiated 1,356,100 112 1,704,500 100 -
Competitive 660,800 46 362,000 56 82.5
Private Placements 53,100 26 34,200 14 55.3
Revenue 1,403,800 126 1,354,600 102 3.6
General Obligation 666,200 58 746,100 68 -10.7
Fixed-Rate 1,573,000 162 1,741,900 153 -
Variable (Short) 453,500 22 312,800 16 45.0
Variable (Long/No) 0 0 0 0 unch
Zero-Coupon 0 0 0 0 unch
Linked-Rate 43,500 1 46,000 1 -5.4
Convertible 0 0 0 0 unch
Bank-Qualified 211,300 65 173,000 59 22.1
Bond Insurance 1,184,000 55 1,274,700 46
Letters of Credit 254,800 11 219,400 8 16.1
Insured Mortgages 401,400 16 152,600 10 163.0
Surety Bonds 0 0 0 0 unch
State Governments 225,600 1 426,500 1 -47.1
State Agencies 674,400 23 343,800 19 96.2
Municipalities 763,000 125 729,900 129 4.5
Local Authorities 384,900 32 562,500 19 -31.6
Public Colleges 22,100 3 38,000 2 -41.8
Tribal Governments 0 0 0 0 unch
Other Issuers 0 0 0 0 unch
NOTES: Private placements and municipal forwards are included, but
