Investments

ARIZONAMadison Elementary School District No. 38Aug 4, 2011 . . . . . . $12,000,000

Table as of: 08/09/2011 12:24 PM Invisible Supply Issuer and purpose Amount* Approval

CHICAGO - A bond issuer made up of the University of Nebraska and the city of Lincoln will take competitive bids Tuesday on $100 million of bonds that mark the last large financing for a new arena that is the largest project in state capital's history.

In a historic week for the nation and the financial markets, money market funds saw outflows across the board. As Congress was busy ironing out a resolution to the debt-ceiling crisis before the Aug. 2 deadline, investors withdrew $1.23 billion from tax-exempt money funds in the week ended Aug. 1, according to the Money Fund Report, a service of iMoneyNet.com.

CONNECTICUTBarkhamsted (Town)Aug 3, 2011 . . . . . . $2,000,000

ALABAMAAttalla Water Works BoardAug 3, 2011 . . . . . . $1,885,000

Table as of: 08/04/2011 12:10 PM Invisible Supply Issuer and purpose Amount* Approval

Health care and housing remain two of the most risky sectors in the municipal market, with the federal health care bill and the sluggish real estate market contributing to skepticism about the sectors. But muni experts say some distressed debt is safe enough to be a buying opportunity.

The Birmingham City Council Tuesday unanimously approved the issuance of $215 million of revenue bonds on behalf of the University of Alabama Health Services Foundation.

CONNECTICUTEast Haddam (Town)Aug 2, 2011 . . . . . . $720,000

COLORADOCheyenne County School District #RE-5Aug 2, 2011 . . . . . . $4,125,000

Table as of: 08/04/2011 12:54 PM Invisible Supply Issuer and purpose Amount* Approval

While the speculative hysteria about across-the-board municipal debt defaults has calmed, many investors are still wondering what bonds remain at risk and how many municipalities will end up in bankruptcy.

Moody’s Investors Service downgraded $61.5 million of bonds sold on behalf of John Carroll University to A3 from A2. The Ohio Higher Educational Facility Commission issued the debt on behalf of the school.

ILLINOISArlington Heights VillageAug 1, 2011 . . . . . . $9,925,000

CALIFORNIASan ClementeAug 1, 2011 . . . . . . $5,005,000

Table as of: 08/04/2011 12:20 PM Invisible Supply Issuer and purpose Amount* Approval

MASSACHUSETTSLowell Regional Transit AuthorityJul 29, 2011 . . . . . . $7,720,000

ALABAMALoxley (Town)Jul 29, 2011 . . . . . . $4,710,000

SAN FRANCISCO - The state auditor cleared the University of California of misspending student tuition on bond payments in a report released Thursday.