Results of Competitive Sales

NEW JERSEY

Harrison Township

Feb 19, 2010 . . . . . . $340,000

Special Emergency Notes of 2010, Series A (bank qualified).

Dated Mar 1, 2010.

Due Feb 28, 2011.

Purchased $340,000.00 by Sun National Bank, at 1.54%, effective rate 1.54%.

L.O.: Parker, McCay, P.A., Marlton, NJ.

F.A.: Municipal Official(s).

Other bidders were:

Colonial Bk, FSB, Effective Rate 2.85%

Upper Saddle River Borough

Feb 19, 2010 . . . . . . $8,791,311

General Obligation Bond Anticipation Notes (bank qualified).

Dated Feb 26, 2010.

Due Feb 25, 2011.

Purchased $8,791,310.00 by TD Securities, at 1.25%, plus $69,627.18, effective rate 0.4558%.

L.O.: Rogut McCarthy LLC, Cranford, NJ.

F.A.: Municipal Official(s).

Other bidders were:

Jefferies, Effective Rate 0.5598%

Janney Montgomery, Effective Rate 0.5724%

Beneficial Bk, Effective Rate 0.6206%

Oppenheimer, Effective Rate 0.7058%

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Competitive sales results
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