Public finance

Despite volatility in the municipal market, sales of individual tax-free bonds to retail investors have been brisk even as cash withdrawals from muni mutual funds are still high, experts say.

Households surpassed their previous record and hit a 20-year high as they hoarded $1.095 trillion of the nearly $3 trillion of outstanding municipal bond debt issued by states and local governments as of 2010, according to data recently released by the Federal Reserve.

IOWALinn-Mar Community School DistrictMar 28, 2011 . . . . . . $1,755,000

INDIANAShelbyville Redevelopment AuthorityMar 28, 2011 . . . . . . $11,535,000

CALIFORNIALos Angeles County SchoolsMar 25, 2011 . . . . . . $130,160,000

After a brief bounce in volume last week, the municipal market could be lulled back into its recent slumber as only $1.93 billion is expected to be priced in the primary this week, according to Ipreo LLC and The Bond Buyer.

KANSASJohnson County Public Building CommissionMar 24, 2011 . . . . . . $35,395,000

ALABAMATallassee (City)Mar 24, 2011 . . . . . . $8,500,000

Tax-exempt money market funds gained a bit, reversing last week’s losses by generating $137.8 million of new cash and pushing total net assets to $322.2 billion in the week ended March 21, according to the Money Fund Report, a service of iMoneyNet.com.

ARKANSASSouth Mississippi County School District No. 57 of Mississippi CountyMar 23, 2011 . . . . . . $5,410,000

ARIZONAFestival Ranch Community Facilities DistrictMar 22, 2011 . . . . . . $404,000

Table as of: 03/22/2011 14:53 PM Invisible Supply Issuer and purpose Amount* Approval

CALIFORNIALiberty Union High School DistrictMar 22, 2011 . . . . . . $28,960,000

CALIFORNIACarden Virtual AcademyMar 7, 2011 . . . . . . $400,000

KANSASMaize (City)Mar 21, 2011 . . . . . . $6,240,000

CALIFORNIACalifornia Educational Facilities AuthorityMar 21, 2011 . . . . . . $9,000,000

MASSACHUSETTSNewburyport (City)Mar 18, 2011 . . . . . . $500,000

ARIZONAChandler Unified School District No. 80Mar 17, 2011 . . . . . . $45,000,000

Table as of: 03/18/2011 15:29 PM Invisible Supply Issuer and purpose Amount* Approval

A noticeable surge in new issuance this week could jolt the municipal market out of its recent supply slump as estimated volume is expected to rise to $4.4 billion, according to Ipreo LLC and The Bond Buyer.