News and Information from Bond Buyer

Future Municipalities Continuing Disclosure Cooperation initiative settlements may offer more detail on the Securities and Exchange Commission's priorities and the SEC's Office of Municipal Securities may offer more municipal advisor rule guidance, commission officials said Thursday.

Standard & Poor's Ratings Services said it raised its rating on Lake Dallas, Texas' general obligation debt two notches to A-minus from BBB.

Businesses expect inflation to be 2.1% over the next 12 months, according to the Federal Reserve Bank of Atlanta's September business inflation expectations survey.

While New York's MTA is about to propose its four-year capital plan, such plans in the future could reflect vastly changing demographic patterns.

The composite index of Leading Economic Indicators was up 0.2% in August following a revised 1.1% increase in July, first reported as a 0.9% climb, the Conference Board reported Friday

After an active week, municipals will cool down on Friday.

The Federal Open Market Committee's plan to not sell agency mortgage-backed securities (MBS) was criticized by Federal Reserve Bank of Richmond President Jeffrey Lacker.

Indicator Last Report Forecast Actual Housing Starts July: 1.117M Aug.: 1.040M Aug.: 956,000 Building Permits July: 1.057M Aug.: 1.045M Aug.: 998,000 Initial Jobless Claims 9/6: 316,000 9/13: 305,000 9/13: 280,000 Continuing Claims 8/30: 2.492M 9/6: 2.477M 9/6: 2.429M Philly Fed Manufacturing Aug.: 28.0 Sept.: 23.0 Sept.: 22.5

Sep. 19, 2014 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aaa/AAA/AAA 0.13 1.17 2.26 3.2 California A1/A/A+ 0.15 1.22 2.48 3.54 Hawaii Aa2/AA/AA+ 0.14 1.25 2.42 3.4 Idaho Aa1/AA+/NR 0.13 1.27 2.45 3.42 Montana Aa1/AA/AA+ 0.13 1.25 2.45 3.42 Nevada Aa2/AA/AA+ 0.16 1.27 2.45 3.45 Oregon Aa1/AA+/AA+ 0.13 1.18 2.34 3.29 Washington Aa1/AA+/AA+ 0.14 1.25 2.43 3.4 Wyoming NR/AAA/NR 0.13 1.25 2.35 3.3

9/18/2014 9/11/2014 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 1 $57,565 0 $0 $57,565 California 18 2,674,235 10 391,040 2,283,195 Hawaii 0 0 0 0 0 Idaho 1 3,845 1 3,845 0 Montana 0 0 0 0 0 Nevada 0 0 0 0 0 Oregon 1 3,885 1 26,665 -22,780 Washington 6 680,460 4 692,770 -12,310 Wyoming 0 0 0 0 0

Friday, September 19 Issuer St Description Amount

Monday, September 22 Issuer St Description Amount

Friday, September 19 Issuer St Description Amount

CALIFORNIA

ARIZONA

Foreign investors' buildup in U.S. municipal bond holdings has heightened significance in the current low-supply high-demand market environment, in which an emerging group of buyers could cause competition for the limited amount of bonds available to spike.

Construction on the final phase of a major Puerto Rico housing and commercial development project in San Juan started Sept. 18.

Inflows to municipal bond funds dropped by 58% in the week ending Sept. 17.

The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was unchanged the week of Sept. 18 at 4.46%.

A nonprofit legal coalition is suing Texas Attorney General candidate Ken Paxton, claiming he violated state securities law by failing to register as an investment adviser.