Volume($000s) 1998 No. of Issues 1998 Volume($000s) 1997 No. of
TOTAL $2,461,100 107 $1,818,900 99
First Quarter 245,800 22 279,400 17 -12.0
Second Quarter 608,200 27 570,000 25 6.7
Third Quarter 1,201,000 30 595,400 26
Fourth Quarter 406,100 28 374,100 31 8.6
Development 35,300 3 25,000 3 41.2
Education 616,300 27 584,600 28 5.4
Electric Power 581,400 5 7,200 3 7975.0
Environmental 7,600 1 65,700 2 -88.4
Health Care 47,700 4 143,900 5 -66.9
Housing 207,200 23 295,100 29 -29.8
Public Facilities 271,800 16 109,900 10 147.3
Transportation 334,700 3 238,700 3 40.2
Utilities 248,400 13 108,500 10 128.9
General Purpose 110,700 12 240,300 6 -53.9
Tax-Exempt 2,096,300 86 1,477,200 77
Minimum-Tax 205,800 9 233,100 13 -11.7
Taxable 159,000 12 108,600 9 46.4
New-Money 706,300 50 1,335,800 65 -47.1
Refunding 1,168,900 45 364,000 26 221.1
Combined 585,900 12 119,100 8 391.9
Negotiated 1,823,200 84 1,050,600 74
Competitive 617,900 15 694,100 18 -11.0
Private Placements 20,000 8 74,200 7 -73.0
Revenue 1,578,500 74 978,900 66 61.3
General Obligation 882,600 33 840,000 33 5.1
Fixed-Rate 2,130,500 98 1,546,200 91
Variable (Short) 218,000 6 192,700 7 13.1
Variable (Long/No) 0 0 0 0 unch
Zero-Coupon 23,100 1 0 0 n.m.
Linked-Rate 89,500 2 80,000 1 11.9
Convertible 0 0 0 0 unch
Bank-Qualified 156,100 33 125,700 27 24.2
Bond Insurance 1,320,000 45 436,800 24
Letters of Credit 72,300 3 4,400 2 1543.2
Insured Mortgages 44,800 8 24,200 5 85.1
Gtd Invest Contracts 0 0 0 0
Investment Agreements 0 0 0 0
Collateralization 0 0 0 0 unch
Other Guaranties 0 0 5,300 1 -100.0
State Governments 265,000 1 405,000 2 -34.6
State Agencies 1,055,400 32 364,100 28
Municipalities 693,100 50 693,200 48 0.0
Local Authorities 155,000 13 133,500 15 16.1
Public Colleges 269,600 8 223,100 6 20.8
Tribal Governments 0 0 0 0 unch
Direct Issuers 23,000 3 0 0 n.m.
NOTES: Private placements and municipal forwards are included, but
