Public finance

Table as of: 09/08/2010 12:47 PM Invisible Supply Issuer and purpose Amount* Approval

Harrisburg, Pa.’s near-miss on its general obligation debt, Warren Buffett’s gloomy foreshadowing of a “terrible problem,” and flirtations with a double-dip recession have not much changed the tenor of analysts’ expectations for the strength of municipal credit.

Table as of: 09/14/2010 15:48 PM Invisible Supply Issuer and purpose Amount* Approval

ALABAMATalladega CountySep 13, 2010 . . . . . . $2,390,000

ARKANSASBismarck School District No. 25 of Hot Spring CountySep 14, 2010 . . . . . . $1,735,000

A component of the Basel III banking regulatory package would make it more expensive for banks to guarantee municipal debt, possibly limiting options for municipalities seeking to sell bank-supported debt.

CALIFORNIACalifornia Pollution Control Financing AuthoritySep 8, 2010 . . . . . . $23,640,000

ILLINOISHarlem School District No. 122Sep 13, 2010 . . . . . . $4,640,000

MISSISSIPPIGautier (City)Sep 9, 2010 . . . . . . $7,000,000

CALIFORNIACalifornia Municipal Finance AuthoritySep 9, 2010 . . . . . . $50,080,000

Three sizable Ohio deals, a large New York City utility financing, and a two-pronged Texas education sale greet investors as part of an estimated $6.72 billion of new issues in the first full week of trading and underwriting after the late summer holidays, according to Ipreo LLC and The Bond Buyer.

Retail investors ignored the pullback in the state and local government debt market last week, ­committing the third-heaviest slug of new money to ­municipal bond mutual funds this year.

ARKANSASCedarville School District No. 44 of Crawford CountySep 9, 2010 . . . . . . $2,650,000

ARIZONAPima County Industrial Development AuthoritySep 9, 2010 . . . . . . $15,790,000

Tax-exempt money market funds managed to attract inflows for the first time in nearly a month, adding a modest $244.5 million for the week ended Sept. 6 to finish with $338.1 billion in total net assets, according to the Money Fund Report, a service of iMoneyNet.com.

Nearly all The Bond Buyer’s yield indexes rose this week, as tax-exempts weakened throughout the holiday-shortened week, erasing some of the pronounced gains taken in August.

Table as of: 09/08/2010 12:47 PM Invisible Supply Issuer and purpose Amount* Approval

ARKANSASBergman School District No. 3 of Boone CountySep 8, 2010 . . . . . . $2,360,000

GEORGIARabun County Development AuthoritySep 8, 2010 . . . . . . $15,975,000

A grand-slam judgment last month has emboldened the lawyers and investors seeking to recoup losses on $2 billion in municipal arbitrage funds run by Citigroup.