Investments

ALABAMAHomewood Educational Building AuthoritySep 10, 2008 . . . . . . $50,000,000

INDIANANewburgh (Town)Sep 23, 2008 . . . . . . $7,430,000

DALLAS - Louisiana Gov. Bobby Jindal went to Washington, D.C., to meet with the state's congressional delegation on Tuesday to advance the case for millions of federal dollars in reimbursement for its expenses and losses related to Hurricane Gustav.

Despite all the volatility that permeated the tax-exempt market in the second quarter of 2008, the household sector chased higher absolute yields and increased its ownership of municipal debt by 1.3% to $912.4 billion, compared with $900.4 billion in the prior three-month period, according to quarterly data as of June 30 released by the Federal Reserve Board this week.

CALIFORNIACalifornia Statewide Communities Development AuthoritySep 15, 2008 . . . . . . $100,000,000

MICHIGANForest Park School DistrictSep 22, 2008 . . . . . . $775,000

Renovations to Dallas’ Cotton Bowl stadium, financed in part with $30 million of proceeds from city bonds approved by voters in November 2006, brings the capacity of the facility in Fair Park to 92,200. The $57 million project, aided by $30 million from the State Fair of Texas, makes the venerable stadium the ninth-largest athletic facility in the country.

CHICAGO - The wave of upgrades on the horizon as rating agencies shift to a new global rating scale comes as governments face some of their toughest fiscal challenges in decades, and could sow uncertainty across the municipal market, investor analysts said at a recent roundtable here.

ARIZONAArizona Health Facilities AuthoritySep 12, 2008 . . . . . . $199,195,000

MASSACHUSETTSChicopee (City)Sep 19, 2008 . . . . . . $4,000,000

Weekly reporting municipal bond mutual funds had a net inflow of $89 million during the period ending Sept. 17, AMG Data Services reported.

Although the municipal market saw slight gains on Friday, the volatility that rocked Wall Street last week will continue to affect new-issue volume in the municipal market this week.

FLORIDAHalifax Hospital Medical CenterSep 17, 2008 . . . . . . $70,000,000

ILLINOISRomeoville VillageSep 17, 2008 . . . . . . $4,865,000

As skittish investors seek out the safest possible investments to protect themselves from the financial markets' latest crisis, short-term yields in the U.S. Treasury market have plunged noticeably lower over the past week as a result of a massive flight to quality, while tax-free money market yields have increased dramatically.

The Bond Buyer's weekly yield indexes rose dramatically, as tax-exempts grew continuously weaker amidst this week's credit crunch.

CALIFORNIACalifornia Infrastructure and Economic Development BankSep 11, 2008 . . . . . . $40,325,000

ARKANSASTwo Rivers School District of Yell CountySep 17, 2008 . . . . . . $2,580,000

ALABAMATalladega County Industrial Development AuthoritySep 15, 2008 . . . . . . $2,070,000

CALIFORNIAFremont (City)Sep 16, 2008 . . . . . . $27,530,000