2005 2004
Volume No. of
Volume No. of Pct.
($000s) Issues ($000s) Issues Chg
TOTAL $3,982,100 356 $2,306,800 357 +72.6 %
First Quarter 1,553,700 144 1,252,400 173 +24.1
Second Quarter 2,428,400 212 1,054,400 184 +130.3
Development 50,000 11 30,400 7 +64.5
Education 1,453,900 97 621,500 77 +133.9
Electric Power 34,700 4 8,400 4 +313.1
Environmental Facilities 3,200 2 2,100 4 +52.4
Health Care 657,400 22 265,200 12 +147.9
Housing 453,800 25 398,600 32 +13.8
Public Facilities 69,500 10 128,900 17 -46.1
Transportation 483,100 12 193,400 12 +149.8
Utilities 201,200 34 188,300 39 +6.9
General Purpose 575,300 139 470,000 153 +22.4
Tax-Exempt 3,539,700 333 1,942,900 327 +82.2
Taxable 26,700 12 100,100 20 -73.3
Minimum-Tax 415,700 11 263,800 10 +57.6
New-Money 2,264,400 232 1,745,900 238 +29.7
Refunding 1,658,900 117 458,500 110 +261.8
Combined 58,800 7 102,400 9 -42.6
Negotiated 1,995,200 134 1,004,800 140 +98.6
Competitive 1,986,900 222 1,258,200 212 +57.9
Private Placements 0 0 43,800 5 -100.0
Revenue 1,674,100 77 1,026,500 87 +63.1
General Obligation 2,308,000 279 1,280,300 270 +80.3
Fixed-Rate 3,164,100 337 1,954,800 335 +61.9
Auction-Rate 0 0 189,000 6 -100.0
Variable-Rate (Short Put) 782,800 17 161,400 15 +385.0
Variable-Rate (Long Put) 3,500 1 1,600 1 +118.8
Zero-Coupon 31,700 1 0 0 n.m.
Bank-Qualified 517,900 205 464,500 224 +11.5
Bond Insurance 2,200,800 111 777,600 69 +183.0
Letters of Credit 150,300 10 76,000 11 +97.8
Insured Mortgages 35,900 2 24,000 4 +49.6
Standby Purchase Agreements 136,000 2 0 0 n.m.
State Agencies 396,600 15 278,200 10 +42.6
Municipalities 2,766,800 302 1,428,100 305 +93.7
Local Authorities 818,700 39 588,900 40 +39.0
Colleges & Universities 0 0 11,600 2 -100.0
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)
