Results of Competitive Sales

CALIFORNIA

Ravenswood City School District

Jun 7, 2010 . . . . . . $3,600,000

2010-11 Tax and Revenue Anticipation Notes (bank qualified) (book entry).

Dated Jul 1, 2010.

Due Jul 1, 2011.

Purchased $3,600,000.00 by Oppenheimer, at 1.75%, plus $14,544.00, effective rate 1.346%.

L.O.: Lofton & Jennings, San Francisco, CA.

F.A.: A.M. Peche & Associates, Alameda, CA.

Other bidders were:

Janney Montgomery, Effective Rate 1.975%

IOWA

Ankeny (City)

Jun 7, 2010 . . . . . . $11,055,000

General Obligation Bond Anticipation Project Notes, Series 2010D (bank qualified) (book entry).

Dated Jun 15, 2010.

Due Jun 1, 2012.

Callable Jun 1, 2011 at par.

Winning bid: D.A. Davidson, at 99.7610, TIC 1.1236%.

Due Amount Cpn Yield Conc Ins
6/1/12 $11,055,000 1.00% 1.00%

L.O.: Ahlers & Cooney, P.C., Des Moines, IA.

F.A.: Public Financial Management, Inc., Des Moines, IA.

Other bidders were:

UMB Bank, TIC 1.2995%

Hutchinson Shockey, TIC 1.562%

Jefferies, TIC 2.1918%

MICHIGAN

Brighton (City)

Jun 7, 2010 . . . . . . $630,000

General Obligation Limited Tax Bonds, Series 2010 (bank qualified) (book entry).

Dated Jun 22, 2010.

Due Oct 1, 2011 to 2030.

Callable Oct 1, 2019 at par.

Winning bid: Bernardi Securities, at 98.5000, TIC 5.56%.

Due Amount Cpn Yield Conc Ins
10/1/11 $10,000 4.75% NRO NRO
10/1/12 $10,000 4.75% NRO NRO
10/1/13 $10,000 4.75% NRO NRO
10/1/14 $20,000 4.75% NRO NRO
10/1/15 $20,000 4.75% NRO NRO
10/1/16 $20,000 4.75% NRO NRO
10/1/17 $20,000 4.75% NRO NRO
10/1/18 $30,000 5.00% NRO NRO
10/1/19 $30,000 5.00% NRO NRO
10/1/20 $30,000 5.00% NRO NRO
10/1/21 $30,000 5.00% NRO NRO
10/1/22 $40,000 5.00% NRO NRO
10/1/23 $40,000 5.20% NRO NRO
10/1/24 $40,000 5.30% NRO NRO
10/1/25 $40,000 5.40% NRO NRO
10/1/26 $40,000 5.50% NRO NRO
10/1/30 $200,000 5.75% NRO NRO

L.O.: Miller, Canfield, Paddock & Stone, P.L.C., Detroit, MI.

F.A.: Bendzinski & Company, Detroit, MI.

Homer Village

Jun 7, 2010 . . . . . . $400,000

Limited Tax General Obligation Bonds, Series 2010 (bank qualified) (book entry).

Dated Jun 24, 2010.

Due Jul 1, 2011 to 2030.

Callable Jul 1, 2020 at par.

Winning bid: Raymond James, at n/a, TIC 5.6792%.

Due Amount Cpn Yield Conc Ins
7/1/11 $10,000 2.00% 2.00%
7/1/12 $10,000 2.50% 2.50%
7/1/13 $10,000 3.00% 3.00%
7/1/14 $10,000 3.50% 3.50%
7/1/15 $15,000 3.75% 3.75%
7/1/16 $15,000 4.00% 4.00%
7/1/17 $15,000 4.25% 4.25%
7/1/18 $20,000 4.50% 4.50%
7/1/19 $20,000 4.75% 4.75%
7/1/25 $120,000 6.00% 5.25%
7/1/30 $155,000 6.00% 5.75%

L.O.: Miller, Canfield, Paddock & Stone, P.L.C., Detroit, MI.

F.A.: Municipal Official(s).

MINNESOTA

Evansville (City)

Jun 7, 2010 . . . . . . $1,295,000

General Obligation Improvement Bonds, Series 2010A (bank qualified) (book entry).

Dated Jun 29, 2010.

Due Feb 1, 2012 to 2026.

Callable Feb 1, 2019 at par.

Winning bid: Wells Fargo Advisors, at 98.7500, TIC 3.3627%.

Due Amount Cpn Yield Conc Ins
2/1/12 $20,000 2.00% 0.75%
2/1/13 $25,000 2.00% 1.10%
2/1/14 $30,000 2.00% 1.50%
2/1/15 $40,000 2.00% 1.80%
2/1/16 $50,000 2.10% 2.20%
2/1/17 $65,000 2.40% 2.50%
2/1/18 $75,000 2.625% 2.70%
2/1/19 $90,000 2.85% 2.90%
2/1/20 $105,000 3.00% 3.05%
2/1/21 $125,000 3.15% 3.20%
2/1/22 $130,000 3.20% 3.25%
2/1/23 $135,000 3.375% 3.375%
2/1/24 $130,000 3.50% 3.50%
2/1/25 $135,000 3.60% 3.65%
2/1/26 $140,000 3.625% 3.70%

L.O.: Briggs & Morgan, St. Paul, MN.

F.A.: Ehlers & Associates, Inc., Roseville, MN.

Other bidders were:

UBS Financial Svcs, TIC 3.5839%

RBC Capital Mkts, TIC 3.6708%

Robert W. Baird, TIC 3.7229%

Northland Securities, TIC 3.9209%

Spring Park (City)

Jun 7, 2010 . . . . . . $1,065,000

General Obligation Bonds, Series 2010A (bank qualified) (book entry).

Dated Jun 29, 2010.

Due Feb 1, 2012 to 2026.

Callable Feb 1, 2019 at par.

Winning bid: Wells Fargo Advisors, at 99.3406, TIC 3.1367%.

Due Amount Cpn Yield Conc Ins
2/1/12 $55,000 2.00% 0.70%
2/1/13 $55,000 2.00% 1.05%
2/1/14 $55,000 2.00% 1.40%
2/1/15 $65,000 2.00% 1.75%
2/1/16 $70,000 2.10% 2.10%
2/1/17 $70,000 2.40% 2.40%
2/1/18 $70,000 2.60% 2.60%
2/1/19 $70,000 2.80% 2.80%
2/1/20 $75,000 3.00% 3.00%
2/1/21 $75,000 3.10% 3.10%
2/1/22 $75,000 3.20% 3.20%
2/1/23 $75,000 3.30% 3.30%
2/1/24 $85,000 3.40% 3.40%
2/1/25 $85,000 3.50% 3.50%
2/1/26 $85,000 3.625% 3.625%

L.O.: Briggs & Morgan, St. Paul, MN.

F.A.: Ehlers & Associates, Inc., Roseville, MN.

Other bidders were:

RBC Capital Mkts, TIC 3.3293%

UBS Financial Svcs, TIC 3.35%

Cronin, TIC 3.3692%

Northland Securities, TIC 3.4139%

United Banker's Bk, TIC 3.5015%

MISSOURI

Jefferson County

Jun 7, 2010 . . . . . . $2,650,000

Refunding Certificates of Participation (Jefferson County, Missouri, Lessee) Series 2010B (bank qualified) (book entry).

Dated Jun 15, 2010.

Due Sep 15, 2012 to 2022.

Callable Sep 15, 2019 at par.

Winning bid: Wells Fargo Advisors, at 99.0798, TIC 3.1029%.

Due Amount Cpn Yield Conc Ins
9/15/12 $215,000 2.00% 1.00%
9/15/13 $225,000 2.00% 1.40%
9/15/14 $225,000 2.00% 1.75%
9/15/15 $230,000 2.25% 2.10%
9/15/16 $235,000 2.50% 2.50%
9/15/17 $240,000 2.75% 2.75%
9/15/18 $245,000 3.00% 3.00%
9/15/19 $260,000 3.15% 3.15%
9/15/20 $270,000 3.30% 3.30%
9/15/21 $275,000 3.40% 3.40%
9/15/22 $230,000 3.50% 3.50%

L.O.: Gilmore & Bell, St. Louis, MO.

F.A.: WM Financial Strategies, St. Louis, MO.

Other bidders were:

First Bankers' Banc, TIC 3.2584%

Stifel Nicolaus, TIC 3.2584%

Hutchinson Shockey, TIC 3.2735%

Edward D. Jones, TIC 3.3588%

Country Club Bank, TIC 3.678%

NEW YORK

Avon Central School District

Jun 7, 2010 . . . . . . $232,791

School District (Serial) Bonds, 2010 (bank qualified).

Dated Jun 22, 2010.

Due Jun 15, 2011 to 2023.

Non-callable.

Winning bid: Roosevelt & Cross, at n/a, NIC 3.8723%.

Due Amount Cpn Yield Conc Ins
6/15/11 $12,791 3.50% NRO NRO
6/15/12 $15,000 3.50% NRO NRO
6/15/13 $15,000 3.50% NRO NRO
6/15/14 $15,000 3.50% NRO NRO
6/15/15 $15,000 3.50% NRO NRO
6/15/16 $15,000 3.50% NRO NRO
6/15/17 $20,000 3.75% NRO NRO
6/15/18 $20,000 3.75% NRO NRO
6/15/19 $20,000 3.75% NRO NRO
6/15/20 $20,000 3.80% NRO NRO
6/15/21 $20,000 4.00% NRO NRO
6/15/22 $20,000 4.10% NRO NRO
6/15/23 $25,000 4.20% NRO NRO

L.O.: Timothy R. McGill, Esq., Fairport, NY.

F.A.: Bernard P. Donegan, Inc., Victor, NY.

Other bidders were:

Sage Rutty, NIC 3.9873%

Clinton Central School District

Jun 7, 2010 . . . . . . $427,885

Bond Anticipation Notes, 2010 (Renewals) (bank qualified).

Dated Jun 24, 2010.

Due Jun 24, 2011.

Purchased $427,890.00 by J.P. Morgan Chase, at 1.26%, effective rate 1.26%.

L.O.: Bond, Schoeneck & King, PLLC, Syracuse, NY.

F.A.: Bernard P. Donegan, Inc., Victor, NY.

Other bidders were:

First Niagara Bank, Effective Rate 1.3%

NBT Bank, Effective Rate 1.78%

Clinton Central School District

Jun 7, 2010 . . . . . . $4,000,000

Revenue Anticipation Notes, 2010 (New Issue) (bank qualified).

Dated Jun 18, 2010.

Due Jun 17, 2011.

Purchased $4,000,000.00 by J.P. Morgan Chase, at 1.12%, effective rate 1.12%.

L.O.: Bond, Schoeneck & King, PLLC, Syracuse, NY.

F.A.: Bernard P. Donegan, Inc., Victor, NY.

Other bidders were:

First Niagara Bank, Effective Rate 1.25%

NBT Bank, Effective Rate 1.84%

Oppenheimer, Effective Rate 1.877%

Janney Montgomery, Effective Rate 2.1999%

OKLAHOMA

Oklahoma County Independent School District No. 12 (Edmond)

Jun 7, 2010 . . . . . . $13,640,000

General Obligation Building Bonds of 2010 (book entry).

Dated Jul 1, 2010.

Due Jul 1, 2012 to 2015.

Non-callable.

Winning bid: Hutchinson Shockey, at 100.9675, NIC 1.7236%.

Due Amount Cpn Yield Conc Ins
7/1/12 $3,410,000 1.00% 0.75%
7/1/13 $3,410,000 3.00% 1.25%
7/1/14 $3,410,000 3.00% 1.65%
7/1/15 $3,410,000 1.00% 2.00%

L.O.: State Attorney General; and The Public Finance Law Group PLLC, Oklahoma City, OK.

F.A.: BOSC, Inc., Oklahoma City, OK.

Other bidders were:

Morgan Stanley, NIC 1.9869%

BB&T Cap Mkts, NIC 2.0768%

Country Club Bank, NIC 2.1476%

Oklahoma County Independent School District No. 88 (Bethany)

Jun 7, 2010 . . . . . . $500,000

Building Bonds of 2010 (bank qualified) (book entry).

Dated Jul 1, 2010.

Due Jul 1, 2012 to 2013.

Non-callable.

Winning bid: Baker Group, at n/a, NIC 1.4%.

Due Amount Cpn Yield Conc Ins
7/1/12 $235,000 1.40% NRO NRO
7/1/13 $265,000 1.40% NRO NRO

In association with: First Bethany Bank & Trust.

L.O.: State Attorney General; and Hilborne & Weidman, Tulsa, OK.

F.A.: Stephen H. McDonald & Associates, Inc., Norman, OK.

Other bidders were:

UMB Bank, NIC 1.5457%

BOSC, NIC 1.5543%

Country Club Bank, NIC 1.8615%

Texas County Independent School District No. 53 (Tyrone)

Jun 7, 2010 . . . . . . $180,000

Combined Purpose Bonds of 2010 (bank qualified) (book entry).

Dated Jul 1, 2010.

Due Jul 1, 2013 to 2015.

Non-callable.

Winning bid: UMB Bank, at n/a, NIC 1.9583%.

Due Amount Cpn Yield Conc Ins
7/1/13 $60,000 1.75% NRO NRO
7/1/14 $60,000 2.00% NRO NRO
7/1/15 $60,000 2.05% NRO NRO

In association with: First National Bank of Texhoma.

L.O.: State Attorney General; and Hilborne & Weidman, Tulsa, OK.

F.A.: Stephen H. McDonald & Associates, Inc., Norman, OK.

Other bidders were:

Baker Group, NIC 2.1792%

BOSC, NIC 2.4167%

TEXAS

Hill County

Jun 7, 2010 . . . . . . $6,740,000

Limited Tax Refunding Bonds, Series 2010 (bank qualified) (book entry).

Dated Jul 7, 2010.

Due Aug 15, 2011 to 2025.

Callable Aug 15, 2020 at par.

Winning bid: Coastal Securities, at 100.0570, TIC 3.1095%.

Due Amount Cpn Yield Conc Ins
8/15/11 $205,000 2.00% 0.60%
8/15/12 $230,000 2.00% 1.00%
8/15/13 $425,000 2.00% 1.30%
8/15/14 $430,000 2.00% 1.55%
8/15/15 $440,000 2.00% 1.93%
8/15/16 $455,000 2.50% 2.30%
8/15/17 $465,000 2.50% 2.58%
8/15/18 $480,000 3.00% 2.77%
8/15/19 $500,000 3.00% 3.00%
8/15/20 $515,000 3.125% 3.17%
8/15/21 $535,000 3.50% 3.30%
8/15/22 $555,000 3.50% 3.40%
8/15/23 $575,000 3.50% 3.50%
8/15/24 $595,000 3.50% 3.60%
8/15/25 $335,000 3.50% 3.67%

Other managers: SAMCO Capital Markets, Crews & Associates, Inc., BLNS Securities Limited, Stifel, Nicolaus & Co., Inc., Protective Securities A Division of ProEquities.

L.O.: McCall Parkhurst & Horton, Dallas, TX; and State Attorney General.

F.A.: Specialized Public Finance Inc., Dallas, TX.

Other bidders were:

Raymond James, TIC 3.1733%

Hutchinson Shockey, TIC 3.1773%

FTN Fin Cap Mkts, TIC 3.1784%

FirstSouthwest, TIC 3.232%

BOSC, TIC 3.2371%

Robert W. Baird, TIC 3.246%

Baker Group, TIC 3.2607%

Morgan Keegan, TIC 3.3304%

Frost National Bank, TIC 3.3559%

JPMorgan, TIC 3.3602%

Ross Sinclaire, TIC 3.4959%

WASHINGTON

King County

Jun 7, 2010 . . . . . . $60,215,000

Limited Tax General Obligation Bond Anticipation Notes, 2010 (book entry).

Dated Jun 22, 2010.

Due Jun 15, 2011.

Purchased $60,215,000.00 by Piper Jaffray, at 2.0%, plus $946,579.80, effective rate 0.3968%.

L.O.: Gottlieb Fisher PLLC, Seattle, WA.

F.A.: Seattle-Northwest Securities Corp., Seattle, WA.

Other bidders were:

Morgan Stanley, Effective Rate 0.4067%

JPMorgan, Effective Rate 0.4091%

Citigroup, Effective Rate 0.4121%

Jefferies, Effective Rate 0.4149%

Janney Montgomery, Effective Rate 0.4802%

WISCONSIN

Nicolet Unified High School District

May 24, 2010 . . . . . . $605,000

General Obligation Promissory Notes (bank qualified) (book entry).

Dated Jun 15, 2010.

Due Sep 1, 2011 to 2015.

Non-callable.

Winning bid: M&I Marshall, at n/a, NIC 2.1659%.

Due Amount Cpn Yield Conc Ins
9/1/11 $135,000 1.75% 1.00%
9/1/12 $140,000 2.00% 1.35%
9/1/13 $140,000 2.00% 1.65%
9/1/14 $140,000 2.25% 2.00%
9/1/15 $50,000 2.75% 2.30%

L.O.: Quarles & Brady, Milwaukee, WI.

F.A.: Robert W. Baird & Co., Inc., Milwaukee, WI.

Nicolet Unified High School District

May 24, 2010 . . . . . . $1,510,000

Bond Anticipation Notes (bank qualified) (book entry).

Dated Jun 15, 2010.

Due Mar 15, 2011.

Purchased $1,510,000.00 by M&I Marshall, at 2.0%, effective rate 1.995%.

L.O.: Quarles & Brady, Milwaukee, WI.

F.A.: Robert W. Baird & Co., Inc., Milwaukee, WI.

TAXABLE ISSUES

MINNESOTA

Ramsey County

Jun 7, 2010 . . . . . . $7,770,000

Taxable General Obligation Capital Improvement Plan Bonds, Series 2010C (Recovery Zone Economic Development Bonds-Direct Pay) (book entry).

Dated Jul 7, 2010.

Due Feb 1, 2022 to 2030.

Callable Feb 1, 2020 at par.

Winning bid: Piper Jaffray, at 98.9679, TIC 2.9079%.

Due Amount Cpn Yield Conc Ins
2/1/23 $1,085,000 4.50% NRO NRO
2/1/25 $1,780,000 4.90% 4.90%
2/1/26 $925,000 5.00% 5.00%
2/1/27 $950,000 5.15% 5.15%
2/1/28 $980,000 5.35% 5.35%
2/1/29 $1,010,000 5.50% 5.50%
2/1/30 $1,040,000 5.50% 5.60%

L.O.: Kennedy & Graven, Minneapolis, MN.

F.A.: Springsted Incorporated, St. Paul, MN.

Other bidders were:

Robert W. Baird, TIC 2.9241%

Morgan Keegan, TIC 2.9616%

Sterne Agee, TIC 3.0182%

NORTH DAKOTA

Cass County

Jun 7, 2010 . . . . . . $8,900,000

Taxable Limited Tax Bonds, Series 2010 (Recovery Zone Economic Development Bonds-Direct Payment) (book entry).

Dated Jul 1, 2010.

Due May 1, 2011 to 2022.

Callable May 1, 2019 at par.

Winning bid: Morgan Keegan, at 99.2026, TIC 3.8644%.

Due Amount Cpn Yield Conc Ins
5/1/11 $675,000 0.90% NRO NRO
5/1/12 $685,000 1.25% NRO NRO
5/1/13 $690,000 1.85% NRO NRO
5/1/14 $700,000 2.30% 2.30%
5/1/15 $710,000 2.65% 2.65%
5/1/16 $725,000 3.05% 3.05%
5/1/17 $735,000 3.30% 3.30%
5/1/18 $755,000 3.70% 3.70%
5/1/19 $775,000 4.10% 4.10%
5/1/20 $795,000 4.30% 4.30%
5/1/21 $815,000 4.50% 4.50%
5/1/22 $840,000 4.70% 4.70%

L.O.: Arntson & Stewart, Fargo, ND.

F.A.: Public Financial Management, Inc., Minneapolis, MN.

Other bidders were:

Robert W. Baird, TIC 3.9097%

BMO Capital Markets, TIC 3.9593%

Sterne Agee, TIC 3.9891%

Northland Securities, TIC 4.7275%

Ellendale Public School District No. 40

Jun 7, 2010 . . . . . . $4,050,000

Taxable General Obligation School Building Bonds, Series 2010 (Qualified School Construction Bonds-Direct Payment) (book entry).

Dated Jul 1, 2010.

Due Jul 1, 2025.

Non-callable.

Winning bid: Dougherty, at n/a, TIC 5.4484%.

Due Amount Cpn Yield Conc Ins
7/1/25 $4,050,000 5.35% NRO NRO

L.O.: Cook Wegner & Wike PLLP, Bismarck, ND.

F.A.: Public Financial Management, Inc., Minneapolis, MN.

Other bidders were:

Robert W. Baird, TIC 5.9014%

Morgan Keegan, TIC 5.9517%

Hutchinson Shockey, TIC 6.1826%

Sterne Agee, TIC 6.2286%

WISCONSIN

Sheboygan (City)

Jun 7, 2010 . . . . . . $2,045,000

General Obligation Promissory Notes, Series 2010A (Taxable Build America Bonds) (book entry).

Dated Jun 23, 2010.

Due Apr 1, 2011 to 2020.

Callable Apr 1, 2017 at par.

Winning bid: Wells Fargo Advisors, at n/a, TIC 2.363%.

Due Amount Cpn Yield Conc Ins
4/1/11 $175,000 1.10% 1.10%
4/1/12 $190,000 1.50% 1.40%
4/1/13 $195,000 2.15% 2.00%
4/1/14 $195,000 2.40% 2.25%
4/1/15 $200,000 2.85% 2.70%
4/1/16 $205,000 3.00% 3.00%
4/1/17 $210,000 3.50% 3.50%
4/1/18 $220,000 3.75% 3.80%
4/1/19 $225,000 4.05% 4.10%
4/1/20 $230,000 4.20% 4.25%

L.O.: Quarles & Brady, Milwaukee, WI.

F.A.: Ehlers & Associates, Inc., Roseville, MN.

Other bidders were:

M&I Marshall, TIC 2.3694%

Robert W. Baird, TIC 2.3813%

Cronin, TIC 2.3818%

Sheboygan (City)

Jun 7, 2010 . . . . . . $8,325,000

Taxable General Obligation Refunding Bonds, Series 2010B (book entry).

Dated Jun 23, 2010.

Due Apr 1, 2011 to 2027.

Callable Apr 1, 2019 at par.

Winning bid: Wells Fargo Advisors, at 98.9222, TIC 4.3479%.

Due Amount Cpn Yield Conc Ins
4/1/11 $500,000 2.00% 1.00%
4/1/12 $565,000 2.00% 1.35%
4/1/13 $580,000 2.00% 2.00%
4/1/14 $595,000 2.25% 2.25%
4/1/15 $605,000 2.70% 2.70%
4/1/16 $625,000 3.00% 3.00%
4/1/17 $650,000 3.50% 3.50%
4/1/18 $600,000 3.80% 3.80%
4/1/19 $325,000 4.10% 4.10%
4/1/20 $340,000 4.25% 4.25%
4/1/21 $360,000 4.40% 4.40%
4/1/22 $375,000 4.625% 4.625%
4/1/23 $395,000 4.70% 4.75%
4/1/24 $415,000 4.80% 4.85%
4/1/25 $440,000 5.00% 5.00%
4/1/26 $465,000 5.125% 5.15%
4/1/27 $490,000 5.25% 5.30%

L.O.: Quarles & Brady, Milwaukee, WI.

F.A.: Ehlers & Associates, Inc., Roseville, MN.

Other bidders were:

M&I Marshall, TIC 4.355%

BMO Capital Markets, TIC 4.3569%

Morgan Keegan, TIC 4.4222%

Hutchinson Shockey, TIC 4.426%

Robert W. Baird, TIC 4.4305%

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Competitive sales results
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