LONG-TERM BONDS
Senior Managers
Volume
Firm ($ mils.)
1 Goldman Sachs $13,015
2 Merrill Lynch 10,875
3 PaineWebber 8,499
4 Smith Barney 8,224
5 Lehman Brothers 7,642
6 J.P. Morgan 5,322
7 Prudential Securities 4,314
8 Morgan Stanley 4,224
9 Bear Stearns 3,869
10 Bank of America 1,359
Comanagers
1 Merrill Lynch $31.615
2 Goldman Sachs 30,114
3 Smith Barney 28,410
4 PaineWebber 26,094
5 Lehman Brothers 24,531
6 Bear Stearns 20,926
7 Prudential Securities 19,745
8 Morgan Stanley 16,460
9 J.P. Morgan 15,916
10 Artemis Capital 13,001
Issuers
1 New York City $2,844
2 New Jersey Transp Trust Fund 1,593
3 Foothill/Eastern Transp Corr 1,508
4 NYS Medical Care Facs 1,165
5 NYS Thruway Authority 1,100
6 Massachusetts 1,074
7 Puerto Rico Electric Pwr Auth 1,050
8 Florida State Bd of Ed 939
9 NY Local Govt Asst Corp 936
10 Connecticut 900
Financial Advisers
1 Public Financial Mgmt $7,040
2 Public Resources 5,595
3 P.G. Corbin 4,616
4 O'Brien Partners 4,325
5 First Southwest 2,271
6 Evensen Dodge 1,695
7 CGMS 1,225
8 Rauscher Pierce 1,036
9 Masterson Moreland 1,025
10 Ponder 1,018
LONG-TERM BONDS
Bond Counsel
Volume
Firm ($ mils.)
1 Brown & Wood $6,374
2 Orrick Herrington 6,139
3 Hawkins Delafield 5,192
4 Squire Sanders 3,871
5 Chapman & Cutler 3,724
6 Mudge Rose 3,059
7 McCall Parkhurst 2,484
8 Vinson & Elkins 2,407
9 Kutak Rock 2,361
10 Barnes McGhee 2,343
Underwriter's Counsel
1 Brown & Wood $5,032
2 Orrick Herrington 4,737
3 Rogers & Wells 3,209
4 Hawkins Delafield 3,054
5 Williams & Harris 2,182
6 Ballard Spahr 1,989
7 Greenberg Traurig 1,825
8 Mudge Rose 1,809
9 Squire Sanders 1,644
10 Mintz Levin 1,445
Trustee Banks
1 First Interstate Bank $4,191
2 United States Trust 3,673
3 Bank of America 2,403
4 First Trust 2,348
5 Norwest Bank 2,038
6 NationsBank 1,796
7 Chemical Bank 1,465
8 Shawmut National 1,379
9 Chase Manhattan Bank 1,271
10 State Street Bank 1,245
Bond Insurers
1 MBIA $18,921
2 AMBAC 11,267
3 FGIC 8,696
4 Capital Guaranty 1,981
5 FSA 1,971
6 Connie Lee 313
7 Asset Guaranty Insurance 207
8 Capital Markets Assurance 53
SENIOR MANAGERS
Negotiated Issues
Volume
Manager ($ mils.)
1 Goldman Sachs $10,352
2 PaineWebber 7,519
3 Smith Barney 7,305
4 Merrill Lynch 5,041
5 Lehman Brothers 4,706
6 Morgan Stanley 3,843
7 J.P. Morgan 3,821
8 Bear Stearns 3,320
9 Prudential Securities 1,906
10 Grigsby Brandford 1,194
Competitive Issues
1 Merrill Lynch $5,834
2 Lehman Brothers 2,936
3 Goldman Sachs 2,664
4 Prudential Securities 2,407
5 J.P. Morgan 1,501
6 PaineWebber 980
7 Bank of America 953
8 Smith Barney 919
9 Chemical Securities 780
10 Bear Stearns 550
Revenue Issues
1 Goldman Sachs $9,150
2 PaineWebber 6,918
3 Smith Barney 6,639
4 Merrill Lynch 6,605
5 Lehman Brothers 4,510
6 Bear Stearns 3,505
7 Morgan Stanley 2,746
8 J.P. Morgan 2,654
9 Prudential Securities 1,561
10 William R. Hough 745
General Obligation Issues
1 Merrill Lynch $4,270
2 Goldman Sachs 3,865
3 Lehman Brothers 3,132
4 Prudential Securities 2,752
5 J.P. Morgan 2,667
6 Smith Barney 1,585
7 PaineWebber 1,581
8 Morgan Stanley 1,478
9 Bank of America 1,030
10 Chemical Securities 750
SHORT-TERM NOTES
Senior Managers
Volume
Firm ($ mils.)
1 Goldman Sachs $2,803
2 Merrill Lynch 2,260
3 Lehman Brothers 2,069
4 Bank of America 2,040
5 Smith Barney 1,971
6 J.P. Morgan 1,876
7 Morgan Stanley 1,520
8 Chemical Securities 1,278
9 Piper Jaffray 1,167
10 BT Securities 956
Issuers
1 Texas $3,410
2 New York City 2,400
3 Los Angeles County 1,300
4 Calif Sch Cash Reserve Au 736
5 Massachusetts Water Resources 700
6 Michigan 585
7 Nassau County, N.Y. 545
8 Massachusetts Bay Transp 525
9 Illinois 500
10 Houston, Tex. 415
Financial Advisers
1 Public Financial $2,614
2 Rauscher Pierce 2,415
3 P.G. Corbin 2,270
4 Public Financial Mgmt 939
5 Prager McCarthy 560
6 First Southwest 510
7 Fiscal Advisors 501
8 Tucker Anthony 500
9 Munistat/PFA 488
10 Evensen Dodge 463
Bond Counsel
1 Brown & Wood $2,946
2 Vinson & Elkins 2,681
3 O'Melveny & Myers 2,062
4 Orrick Herrington 1,948
5 Hawkins Delafield 1,392
6 Fulbright & Jaworski 1,315
7 Yava D. Scott 1,000
8 Willkie Farr 968
9 Squire Sanders 855
10 Chapman and Cutler 668
Bond rankings are based on issues maturing in 13 months or more, note
