Results of Competitive Sales

IOWA

Exira Community School District

Sep 14, 2009 . . . . . . $1,450,000

School Infrastructure Sales, Services and Use Tax Revenue Bonds, Series 2009 (bank qualified) (book entry).

Dated Sep 30, 2009.

Due Jul 1, 2010 to Jan 1, 2030.

Callable Jul 1, 2019 at par.

Winning bid: Piper Jaffray, at 98.6016, TIC 4.2691%.

Due Amount Cpn Yield Conc Ins
7/1/10 $50,000 3.25% 1.30%
7/1/11 $50,000 3.25% 1.60%
7/1/12 $60,000 3.25% 2.00%
7/1/13 $60,000 3.25% 2.30%
7/1/14 $70,000 3.25% 2.60%
7/1/15 $70,000 3.25% 2.80%
7/1/17 $140,000 3.25% 3.30%
7/1/19 $140,000 3.625% 3.65%
7/1/23 $285,000 4.00% 4.10%
7/1/26 $230,000 4.30% 4.35%
1/1/30 $295,000 4.625% 4.70%

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

F.A.: Piper Jaffray & Company, Des Moines, IA.

Other bidders were:

D.A. Davidson, TIC 4.3154%

Northland Securities, TIC 4.4606%

KANSAS

Overland Park (City)

Sep 14, 2009 . . . . . . $4,220,000

Internal Improvement Refunding Bonds, Series 2009C (bank qualified) (book entry).

Dated Oct 13, 2009.

Due Sep 1, 2010 to 2013.

Non-callable.

Winning bid: Morgan Keegan, at 103.4065, TIC 0.8775%.

Due Amount Cpn Yield Conc Ins
9/1/10 $2,105,000 3.00% NRO NRO
9/1/11 $1,355,000 3.00% NRO NRO
9/1/12 $510,000 3.00% NRO NRO
9/1/13 $250,000 3.00% NRO NRO

L.O.: Kutak Rock, Kansas City, MO.

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

Other bidders were:

UBS Financial Svcs, TIC 0.8892%

Piper Jaffray, TIC 0.9315%

Hutchinson Shockey, TIC 0.9868%

Stifel Nicolaus, TIC 0.9982%

First Southwest, TIC 1.0122%

Robert W. Baird, TIC 1.0131%

SunTrust Robinson, TIC 1.0748%

George K. Baum, TIC 1.1645%

UMB Bank, TIC 1.204%

Commerce Bank, TIC 1.3805%

MICHIGAN

Ironwood Area Schools of Gogebic County

Sep 14, 2009 . . . . . . $1,400,000

2009 School Building and Site Bonds, Series I (General Obligation - Unlimited Tax) (bank qualified) (book entry).

Dated Oct 1, 2009.

Due May 1, 2012 to 2029.

Callable May 1, 2019 at par.

Winning bid: Wells Fargo Advisors, at 99.0000, TIC 4.4191%.

Due Amount Cpn Yield Conc Ins
5/1/12 $20,000 4.00% 2.25%
5/1/13 $25,000 4.00% 2.50%
5/1/14 $30,000 4.00% 2.75%
5/1/15 $125,000 4.00% 3.00%
5/1/16 $50,000 4.00% 3.20%
5/1/17 $55,000 4.00% 3.45%
5/1/18 $65,000 4.00% 3.65%
5/1/19 $70,000 4.00% 3.80%
5/1/20 $80,000 4.00% NRO NRO
5/1/21 $80,000 4.00% NRO NRO
5/1/22 $100,000 4.10% NRO NRO
5/1/23 $100,000 4.25% NRO NRO
5/1/24 $100,000 4.35% NRO NRO
5/1/25 $100,000 4.40% NRO NRO
5/1/26 $100,000 4.50% NRO NRO
5/1/27 $100,000 4.60% NRO NRO
5/1/28 $100,000 4.60% NRO NRO
5/1/29 $100,000 4.625% NRO NRO

Other managers: Wells Fargo Brokerage Securites, LLC.

L.O.: Thrun Law Firm, P.C., East Lansing, MI.

F.A.: Stauder, Barch & Associates, Inc., Ann Arbor, MI.

Other bidders were:

Raymond James, TIC 4.4367%

Fifth Third Sec, TIC 4.5438%

MINNESOTA

Becker Independent School District No. 726

Sep 14, 2009 . . . . . . $4,100,000

General Obligation Aid Anticipation Certificates of Indebtedness, Series 2009A (MN School District Credit Enhancement Credit Program) (bank qualified).

Dated Sep 29, 2009.

Due Sep 29, 2010.

Purchased $4,100,000.00 by Piper Jaffray, at 1.5%, plus $34,480.99, effective rate 0.659%.

L.O.: Dorsey & Whitney, Minneapolis, MN.

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

Other bidders were:

Robert W. Baird, Effective Rate 0.756%

Northland Securities, Effective Rate 0.784%

Wells Fargo Brkge, Effective Rate 0.867%

Jefferies, Effective Rate 0.88%

Janney Montgomery, Effective Rate 1.09%

Crookston Independent School District No. 593

Sep 14, 2009 . . . . . . $3,700,000

General Obligation Aid Anticipation Certificates of Indebtedness, Series 2009A (MN SD Credit Enhancement Program) (bank qualified) (book entry).

Dated Sep 29, 2009.

Due Sep 29, 2010.

Purchased $3,700,000.00 by Northland Securities, at 1.0%, plus $13,135.00, effective rate 0.645%.

L.O.: Knutson, Flynn, Deans & Olsen, St Paul, MN.

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

Other bidders were:

Piper Jaffray, Effective Rate 0.676%

Robert W. Baird, Effective Rate 0.753%

Jefferies, Effective Rate 0.796%

Oppenheimer, Effective Rate 0.8052%

Wells Fargo Brkge, Effective Rate 0.847%

Janney Montgomery, Effective Rate 0.985%

Maccray Independent School District No. 2180

Sep 14, 2009 . . . . . . $1,085,000

General Obligation Aid Anticipation Certificates of Indebtedness, Series 2009A (MN SD Credit Enhancement Program) (bank qualified).

Dated Sep 29, 2009.

Due Sep 29, 2010.

Purchased $1,085,000.00 by Piper Jaffray, at 1.5%, plus $9,038.04, effective rate 0.667%.

L.O.: Dorsey & Whitney, Minneapolis, MN.

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

Other bidders were:

Robert W. Baird, Effective Rate 0.879%

Northland Securities, Effective Rate 0.913%

Wells Fargo Brkge, Effective Rate 1.091%

Oppenheimer, Effective Rate 1.269%

Janney Montgomery, Effective Rate 1.36%

Menahga (City)

Sep 14, 2009 . . . . . . $1,015,000

General Obligation Improvement Bonds, Series 2009A (MN Credit Enhancement Program) (bank qualified) (book entry).

Dated Oct 7, 2009.

Due Feb 1, 2011 to 2025.

Callable Feb 1, 2018 at par.

Winning bid: UBS Financial Svcs, at 99.8948, TIC 3.2944%.

Due Amount Cpn Yield Conc Ins
2/1/11 $45,000 2.00% NRO NRO
2/1/12 $60,000 2.00% NRO NRO
2/1/13 $60,000 2.50% NRO NRO
2/1/14 $60,000 2.50% NRO NRO
2/1/15 $60,000 2.75% NRO NRO
2/1/16 $60,000 3.00% NRO NRO
2/1/17 $65,000 3.00% NRO NRO
2/1/18 $65,000 3.00% NRO NRO
2/1/19 $70,000 3.00% NRO NRO
2/1/20 $70,000 3.25% NRO NRO
2/1/21 $75,000 3.25% NRO NRO
2/1/22 $75,000 3.50% NRO NRO
2/1/23 $80,000 3.50% NRO NRO
2/1/24 $85,000 3.75% NRO NRO
2/1/25 $85,000 3.75% NRO NRO

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

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

Other bidders were:

Wells Fargo Brkge, TIC 3.4835%

Northland Securities, TIC 3.4941%

United Banker's Bk, TIC 3.773%

St. Louis Park Independent School District No. 283

Sep 14, 2009 . . . . . . $8,000,000

General Obligation Aid Anticipation Certificates of Indebtedness, Series 2009D (Minnesota School District Credit Enhancement Program) (bank qualified) (book entry).

Dated Sep 29, 2009.

Due Sep 29, 2010.

Purchased $8,000,000.00 by Piper Jaffray, at 1.5%, plus $72,880.00, effective rate 0.589%.

L.O.: Knutson, Flynn & Deans, Mendota Heights, MN.

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

Other bidders were:

Robert W. Baird, Effective Rate 0.616%

Northland Securities, Effective Rate 0.623%

Wells Fargo Brkge, Effective Rate 0.629%

Jefferies, Effective Rate 0.706%

PENNSYLVANIA

Camp Hill School District

Sep 14, 2009 . . . . . . $14,810,000

General Obligation Bonds, Series of 2009 (bank qualified) (book entry). $6,630,000

Dated Oct 22, 2009.

Due Nov 15, 2010 to 2031.

Callable Nov 15, 2014 at par.

Winning bid: UBS Financial Svcs, at n/a, TIC 3.6705%.

Due Amount Cpn Yield Conc Ins
11/15/10 $15,000 2.50% NRO NRO
11/15/11 $15,000 2.50% NRO NRO
11/15/12 $20,000 2.50% NRO NRO
11/15/13 $20,000 3.00% NRO NRO
11/15/14 $20,000 3.00% NRO NRO
11/15/15 $20,000 3.00% NRO NRO
11/15/16 $25,000 3.00% NRO NRO
11/15/17 $25,000 3.00% NRO NRO
11/15/18 $30,000 3.00% NRO NRO
11/15/19 $30,000 3.25% NRO NRO
11/15/20 $30,000 3.25% NRO NRO
11/15/21 $35,000 3.25% NRO NRO
11/15/22 $35,000 3.50% NRO NRO
11/15/23 $35,000 3.50% NRO NRO
11/15/24 $35,000 3.50% NRO NRO
11/15/25 $35,000 3.625% NRO NRO
11/15/26 $35,000 3.75% NRO NRO
11/15/27 $510,000 3.80% NRO NRO
11/15/28 $1,330,000 4.00% NRO NRO
11/15/29 $1,385,000 4.00% NRO NRO
11/15/30 $1,440,000 4.00% NRO NRO
11/15/31 $1,505,000 4.125% NRO NRO

General Obligation Bonds, Series A of 2009 (bank qualified) (book entry). $8,180,000

Dated Oct 22, 2009.

Due May 15, 2010 to Nov 15, 2018.

Callable Nov 15, 2014 at par.

Winning bid: UBS Financial Svcs, at n/a, TIC 3.6705%.

Due Amount Cpn Yield Conc Ins
5/15/10 $500,000 2.00% NRO NRO
11/15/10 $825,000 2.00% NRO NRO
11/15/11 $845,000 2.00% NRO NRO
11/15/12 $860,000 2.00% NRO NRO
11/15/13 $880,000 2.00% NRO NRO
11/15/14 $895,000 2.00% NRO NRO
11/15/15 $915,000 2.25% NRO NRO
11/15/16 $935,000 2.50% NRO NRO
11/15/17 $955,000 2.625% NRO NRO
11/15/18 $570,000 2.75% 2.85%

Other managers: Roosevelt & Cross, Inc., Fidelity Capital Markets, CL King & Associates, Loop Capital Markets, LLC, First Southwest Company, Sterne, Agee & Leach, Inc.

L.O.: Mette, Evans & Woodside, Harrisburg, PA.

F.A.: Public Financial Management, Inc., Harrisburg, PA.

Other bidders were:

Morgan Stanley, TIC 3.6722%

Janney Montgomery, TIC 3.6769%

Wells Fargo Advisors, TIC 3.8697%

Robert W. Baird, TIC 3.8781%

Boenning&Scattergood, TIC 3.9479%

Smethport Area School District

Sep 14, 2009 . . . . . . $9,635,000

General Obligation Bonds, Series of 2009 (bank qualified) (book entry).

Dated Oct 15, 2009.

Due Nov 15, 2010 to 2021.

Callable Nov 15, 2014 at par.

Winning bid: Roosevelt & Cross, at n/a, TIC 2.9874%.

Due Amount Cpn Yield Conc Ins
11/15/10 $710,000 2.00% NRO NRO AGC
11/15/11 $725,000 2.00% NRO NRO AGC
11/15/12 $735,000 2.00% NRO NRO AGC
11/15/13 $755,000 2.00% NRO NRO AGC
11/15/14 $775,000 2.00% NRO NRO AGC
11/15/15 $785,000 2.125% NRO NRO AGC
11/15/16 $805,000 2.50% NRO NRO AGC
11/15/17 $820,000 2.625% NRO NRO AGC
11/15/18 $845,000 2.75% NRO NRO AGC
11/15/19 $870,000 3.00% NRO NRO AGC
11/15/20 $890,000 3.125% NRO NRO AGC
11/15/21 $920,000 3.25% NRO NRO AGC

Other managers: UBS Financial Services, Inc., CL King & Associates, Sterne, Agee & Leach, Inc, Fidelity Capital Markets, Loop Capital Markets, LLC.

L.O.: Rhoads & Sinon, Harrisburg, PA.

F.A.: Milt Lopus Associates, Inc., Harrisburg, PA.

Other bidders were:

BNY Mellon Cap Mkts, TIC 3.0008%

Boenning&Scattergood, TIC 3.0452%

Janney Montgomery, TIC 3.1324%

JPMorgan, TIC 3.2484%

Robert W. Baird, TIC 3.3003%

WASHINGTON

Washington

Sep 14, 2009 . . . . . . $33,135,000

Certificates of Participation, Refunding Series 2009G (State Agency Real Property) (book entry).

Dated Oct 8, 2009.

Due Jul 1, 2010 to 2022.

Callable Jul 1, 2019 at par.

Winning bid: JPMorgan, at 104.9790, TIC 2.9955%.

Due Amount Cpn Yield Conc Ins
7/1/10 $2,765,000 2.00% NRO NRO
7/1/11 $2,925,000 4.00% NRO NRO
7/1/12 $3,040,000 4.00% NRO NRO
7/1/13 $3,150,000 4.00% NRO NRO
7/1/14 $3,330,000 4.00% NRO NRO
7/1/15 $3,445,000 4.00% 2.56%
7/1/16 $3,130,000 4.00% 2.80%
7/1/17 $3,275,000 4.00% 3.05%
7/1/18 $2,690,000 4.00% 3.23%
7/1/19 $2,475,000 4.00% 3.39%
7/1/20 $1,415,000 4.00% 3.51%
7/1/21 $730,000 4.00% 3.63%
7/1/22 $765,000 4.00% 3.74%

L.O.: Foster Pepper PLLC, Seattle, WA.

F.A.: DashenMusselman, Inc., Mount Vernon, WA.

Other bidders were:

UBS Financial Svcs, TIC 3.0017%

Hutchinson Shockey, TIC 3.0222%

BB&T Cap Mkts, TIC 3.128%

BMO Capital Markets, TIC 3.1333%

Merrill Lynch, TIC 3.1631%

Morgan Stanley, TIC 3.1924%

Citigroup, TIC 3.2277%

WISCONSIN

Kewaskum School District

Sep 14, 2009 . . . . . . $3,500,000

Tax and Revenue Anticipation Promissory Notes (bank qualified) (book entry).

Dated Sep 23, 2009.

Due Aug 30, 2010.

Purchased $3,500,000.00 by Robert W. Baird, at 2.0%, plus $25,655.00, effective rate 1.217%.

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

F.A.: Wisconsin Public Finance Professional, LLC, Milwaukee, WI.

Other bidders were:

Piper Jaffray, Effective Rate 1.28%

M & I Bank, Effective Rate 1.3248%

Oppenheimer, Effective Rate 1.3341%

Wausau School District

Sep 14, 2009 . . . . . . $2,010,000

General Obligation Refunding Bonds, Series 2009 (bank qualified) (book entry).

Dated Sep 29, 2009.

Due Mar 1, 2020 to 2021.

Callable Mar 1, 2019 at par.

Winning bid: Morgan Keegan, at 100.1720, TIC 3.4812%.

Due Amount Cpn Yield Conc Ins
3/1/20 $990,000 3.50% NRO NRO
3/1/21 $1,020,000 3.50% NRO NRO

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

F.A.: PMA Securities, Inc, Naperville, IL.

Other bidders were:

Piper Jaffray, TIC 3.5236%

M & I Bank, TIC 3.5495%

Robert W. Baird, TIC 3.5588%

Hutchinson Shockey, TIC 3.5947%

TAXABLE ISSUES

ILLINOIS

Morton Grove Village

Sep 14, 2009 . . . . . . $4,920,000

Taxable General Obligation Refunding Bonds, Series 2009A (book entry).

Dated Oct 1, 2009.

Due Jun 1, 2010 to Dec 1, 2018.

Callable Jun 1, 2016 at par.

Winning bid: Morgan Keegan, at n/a, TIC 3.7054%.

Due Amount Cpn Yield Conc Ins
6/1/10 $355,000 3.00% NRO NRO
6/1/11 $375,000 3.00% 1.42%
6/1/12 $400,000 3.00% 2.07%
6/1/13 $450,000 3.00% 2.40%
6/1/14 $475,000 3.00% NRO NRO
6/1/15 $515,000 3.25% 3.20%
6/1/16 $540,000 3.625% 3.70%
6/1/17 $570,000 3.75% 3.80%
6/1/18 $600,000 4.125% 4.20%
12/1/18 $640,000 4.125% 4.20%

L.O.: Chapman & Cutler, Chicago, IL.

F.A.: Speer Financial, Inc., Chicago, IL.

Other bidders were:

FTN Fin Cap Mkts, TIC 3.7162%

UMB Bank, TIC 3.9151%

BB&T Cap Mkts, TIC 3.9834%

Wells Fargo Advisors, TIC 4.3517%

Rockford (City)

Sep 14, 2009 . . . . . . $7,995,000

Taxable General Obligation Refunding Bonds (Sales Tax Alternate Revenue Source) Series 2009C (book entry).

Dated Oct 1, 2009.

Due Dec 15, 2018 to 2027.

Callable Jun 15, 2018 at par.

Winning bid: PNC Capital Markets, at n/a, TIC 5.5952%.

Due Amount Cpn Yield Conc Ins
12/15/20 $1,360,000 5.15% 5.15%
12/15/24 $3,300,000 5.45% 5.45%
12/15/27 $3,335,000 5.65% 5.65%

L.O.: Chapman & Cutler, Chicago, IL.

F.A.: Speer Financial, Inc., Chicago, IL.

Other bidders were:

Robert W. Baird, TIC 5.6027%

MINNESOTA

Alexandria (City)

Sep 14, 2009 . . . . . . $1,700,000

Taxable General Obligation Capital Improvement Plan Bonds, Series 2009C (Build America Bonds) (book entry).

Dated Oct 15, 2009.

Due Feb 1, 2011 to 2030.

Callable Feb 1, 2019 at par.

Winning bid: Northland Securities, at 98.8000, TIC 3.5309%.

Due Amount Cpn Yield Conc Ins
2/1/12 $115,000 2.40% 2.40%
2/1/14 $140,000 3.30% 3.30%
2/1/16 $145,000 3.90% 3.90%
2/1/18 $150,000 4.40% 4.40%
2/1/20 $160,000 4.80% 4.80%
2/1/22 $170,000 5.10% 5.10%
2/1/24 $185,000 5.30% 5.30%
2/1/26 $195,000 5.50% 5.50%
2/1/28 $215,000 5.70% 5.70%
2/1/30 $225,000 5.90% 5.90%

L.O.: Dorsey & Whitney, Minneapolis, MN.

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

Other bidders were:

Cronin, TIC 5.447%

UBS Financial Svcs, TIC 5.5751%

Anoka-Hennepin Independent School District No. 11

Sep 14, 2009 . . . . . . $26,490,000

General Obligation Taxable OPEB Bonds, Series 2009A (Minnesota School District Credit Enhancement Program) (book entry).

Dated Oct 1, 2009.

Due Feb 1, 2011 to 2030.

Callable Feb 1, 2019 at par.

Winning bid: Piper Jaffray, at 99.7025, TIC 4.9962%.

Due Amount Cpn Yield Conc Ins
2/1/11 $400,000 1.35% NRO NRO
2/1/12 $885,000 2.05% NRO NRO
2/1/13 $910,000 2.35% NRO NRO
2/1/14 $935,000 3.00% NRO NRO
2/1/15 $970,000 3.30% NRO NRO
2/1/16 $1,005,000 3.85% NRO NRO
2/1/17 $1,050,000 4.10% NRO NRO
2/1/18 $1,100,000 4.25% NRO NRO
2/1/19 $1,155,000 4.35% NRO NRO
2/1/20 $1,220,000 4.50% NRO NRO
2/1/21 $1,285,000 4.65% NRO NRO
2/1/22 $1,360,000 4.80% NRO NRO
2/1/23 $1,435,000 4.95% NRO NRO
2/1/24 $1,520,000 5.10% NRO NRO
2/1/25 $1,610,000 5.20% NRO NRO
2/1/26 $1,710,000 5.30% NRO NRO
2/1/27 $1,810,000 5.40% NRO NRO
2/1/30 $6,130,000 5.50% NRO NRO

L.O.: Knutson, Flynn, Deans & Olsen, Mendota Heights, MN.

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

Other bidders were:

Morgan Keegan, TIC 5.0148%

BMO Capital Markets, TIC 5.1371%

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