Public finance

CALIFORNIAOakland (City)Feb 23, 2010 . . . . . . $3,148,483

IOWAAtkins (City)Mar 1, 2010 . . . . . . $775,000

CALIFORNIAABAG Finance Authority For Nonprofit CorporationsMar 1, 2010 . . . . . . $9,920,000

Table as of: 02/26/2010 15:54 PM Invisible Supply Issuer and purpose Amount* Approval

COLORADOJefferson County School District No R-1Feb 25, 2010 . . . . . . $233,400,000

SAN JUAN — Nearly one year after Puerto Rico implemented its fiscal reconstruction plan to reduce operating costs, generate more tax revenue, and curtail borrowing, investors are both optimistic and cautious.

After digesting more than $6 billion of new volume last week, the municipal market is again expected to make room for an additional $6.28 billion in estimated new supply planned this week, according to Ipreo LLC and The Bond Buyer.

Money continued to flood municipal bond mutual funds at a steady pace last week, as continuing concerns about state and local government credit and a hike in the Federal Reserve’s discount rate did little to deter investors.

ALABAMAMadison County Board of EducationFeb 24, 2010 . . . . . . $6,660,000

CALIFORNIACentral Basin Municipal Water DistrictFeb 25, 2010 . . . . . . $37,935,000

Nearly all The Bond Buyer’s weekly yield indexes declined this week, as the municipal market spent much of the last week either in unchanged or slightly firmer territory.

After a seven weeks in the desert, tax-exempt money market funds finally saw a modest trickle of inflows in the week ending Feb. 22. The gain of $187.7 million, raising total assets to $381.75 billion, marked only the second time this year that the funds were on the positive side of the ledger, according to the Money Fund Report, a service of iMoneyNet.com.

Table as of: 02/24/2010 16:19 PM Invisible Supply Issuer and purpose Amount* Approval

ALABAMAMadison County Board of EducationFeb 24, 2010 . . . . . . $6,660,000

ALABAMASheffield (City)Feb 9, 2010 . . . . . . $5,205,000

Oppenheimer & Co. agreed to buy back from clients tens of millions of dollars of auction-rate securities under settlements with two states announced yesterday.The New York-based investment bank was accused by New York and Massachusetts of marketing ARS as safe, liquid alternatives to cash, without explaining the risks.

Table as of: 02/23/2010 13:37 PM Invisible Supply Issuer and purpose Amount* Approval

ARKANSASLittle Rock School District of Pulaski CountyFeb 23, 2010 . . . . . . $36,565,000

ILLINOISCook County School District # 130 (Blue Island)Feb 18, 2010 . . . . . . $4,985,000

For anyone still not convinced that Build America Bonds are transforming state and local government finance, behold a municipal bond mutual fund that has filed a prospectus in French.