2006 2005
Volume No. of Volume No. of Pct.
($000s) Issues ($000s) Issues Chg
TOTAL $2,954,400 104 $3,967,400 177 -25.5 %
First Quarter 276,200 20 879,300 47 -68.6
Second Quarter 1,346,800 29 1,567,200 56 -14.1
Third Quarter 501,700 20 701,100 37 -28.4
Fourth Quarter 829,700 35 819,800 37 +1.2
Development 6,700 17,900 2 -62.6
Education 438,400 20 1,863,200 68 -76.5
Electric Power 111,000 7 54,900 4 +102.2
Environmental Facilities 0 0 13,600 1 -100.0
Health Care 293,400 10 513,500 12 -42.9
Housing 325,300 15 295,000 18 +10.3
Public Facilities 40,000 7 58,100 11 -31.2
Transportation 874,600 9 243,500 6 +259.2
Utilities 450,000 8 258,000 15 +74.4
General Purpose 415,000 27 649,700 40 -36.1
Tax-Exempt 2,508,500 86 2,951,900 144 -15.0
Minimum-Tax 337,600 12 168,900 12 +99.9
Taxable 108,300 6 846,600 21 -87.2
New-Money 2,230,000 70 2,043,500 95 +9.1
Refunding 667,400 32 1,714,500 72 -61.1
Combined 57,000 209,400 10 -72.8
Negotiated 2,483,800 92 3,471,500 152 -28.5
Competitive 470,600 12 495,900 25 -5.1
Private Placements 0 0 0 0 unch
Revenue 2,199,500 60 1,795,100 84 +22.5
General Obligation 754,900 44 2,172,300 93 -65.2
Fixed-Rate 2,338,300 84 3,271,900 155 -28.5
Variable-Rate (Short Put) 350,800 12 368,300 18 -4.8
Auction-Rate 202,900 5 313,600 3 -35.3
Variable-Rate (Long/No Put) 0 0 6,800 1 -100.0
Zero-Coupon 62,400 5 0 0 n.m.
Convertible 0 0 6,800 1 -100.0
Bank-Qualified 134,000 35 216,100 58 -38.0
Bond Insurance 1,619,700 55 3,102,200 107 -47.8
Letters of Credit 230,500 9 296,200 17 -22.2
Insured Mortgages 0 0 66,200 3 -100.0
Standby Purch Agreements 120,300 3 0 0 n.m.
State Government 147,600 71,500 7 +106.4
State Agencies 831,000 25 812,200 37 +2.3
Counties & Parishes 101,400 4 67,800 6 +49.6
Cities & Towns 746,400 26 575,500 44 +29.7
Districts 621,400 26 1,695,600 62 -63.4
Local Authorities 351,000 12 643,000 19 -45.4
Colleges & Universities 0 0 91,800 1 -100.0
Direct Issuers 55,600 2 10,000 1 +456.0
Tribal Governments 100,000 2 0 0 n.m.
Private placements and municipal forwards are included, but short-term notes and remarketings are excluded. n.m. -- not meaningful; unch -- unchanged. Source: Thomson Financial (1/13/07)
