Investments

ARIZONAMesa (City)Oct 28, 2009 . . . . . . $20,000,000

CALIFORNIACalifornia Communities Note ProgramOct 27, 2009 . . . . . . $17,800,000

The Dormitory Authority of the State of New York at its board meeting yesterday gave final approval for $1 billion of bonds to finance workers’ compensation settlements with New York State and $520 million of debt for two colleges.

Table as of: 10/27/2009 16:35 PM Invisible Supply Issuer and purpose Amount* Approval

ARKANSASParis School District No. 7 of Logan CountyOct 27, 2009 . . . . . . $6,655,000

ALABAMAScottsboro (City)Oct 26, 2009 . . . . . . $6,490,000

ILLINOISPeru (City)Oct 26, 2009 . . . . . . $3,115,000

ALABAMABibb County Health Care AuthorityOct 23, 2009 . . . . . . $8,555,000

DALLAS — If Texas voters approve Proposition 4 next week, the state would invest $450 million toward adding seven Tier 1 universities in hopes of closing an educational gap with other large states.

Barclays Global Investors plans to launch a family of municipal bond exchange-traded funds designed to behave more like munis themselves by liquidating at maturity.

INDIANAPenn Township of St. Joseph CountyNov 21, 2009 . . . . . . $300,000

Table as of: 10/23/2009 16:04 PM Invisible Supply Issuer and purpose Amount* Approval

CALIFORNIACalifornia State Public Works BoardOct 22, 2009 . . . . . . $555,210,000

The primary market should be fairly brisk this week as the new-issue calendar includes two California deals each larger than $1 billion, a handful of Build America Bond issues, short-term notes, variable-rate bonds, and a generous helping of long-term essential service issues.

It appears the wave of cash flooding the industry all year may have finally crested.

ALABAMAAlabama Public School and College AuthorityOct 21, 2009 . . . . . . $680,035,000

ARKANSASMount Ida School District No. 20 of Montgomery CountyOct 21, 2009 . . . . . . $4,250,000

WASHINGTON — The Internal Revenue Service has determined that bonds issued by a university medical school to finance or refinance items used by a nonprofit hospital are considered obligations of a state governmental unit and therefore tax-exempt, the IRS said in a private-letter ruling released this week.

The Bond Buyer’s weekly yield indexes were mixed this week, as municipals were little changed following last week’s sell-off, which prompted a number of issuers to pull scheduled refunding deals from this week’s primary.

The assets of tax-exempt money market funds declined by $2.70 billion and settled at $417.89 billion for the week ending Oct. 19, according to the Money Fund Report, a service of iMoneyNet.com.