2001 2000
Volume No. of Volume No. of Pct.
($000s) Issues ($000s) Issues Chg TOTAL $27,660,60 2,132 $18,617,300 1,968 48.6% First Quarter 11,548,300 958 7,530,400 782 53.4 Second Quarter 16,112,300 1,174 11,086,900 1,186 45.3 Illinois 6,381,200 313 4,987,000 339 28 Indiana 1,849,100 147 1,415,200 116 30.7 Iowa 841,100 205 1,120,300 266-24.9 Michigan 4,102,100 244 2,001,600 259 104.9 Minnesota 2,361,100 285 2,590,200 260-8.8 Missouri 3,596,300 163 1,701,900 177 111.3 Nebraska 583,500 150 385,700 96 51.3 North Dakota 153,400 36 195,200 25-21.4 Ohio 5,095,700 206 2,307,100 163 120.9 South Dakota 288,200 32 223,600 14 28.9 Wisconsin 2,408,900 351 1,689,500 253 42.6 Development 635,400 115 665,100 170-4.5 Education 9,754,800 740 5,302,300 608 84 Electric Power 527,100 44 83,000 23 535.1 Environmental Facili 348,600 17 1,001,500 25-65.2 Health Care 2,380,400 90 2,525,100 86-5.7 Housing 1,542,100 92 2,108,300 113-26.9 Public Facilities 1,770,800 135 881,900 157 100.8 Transportation 3,505,700 105 1,155,300 99 203.4 Utilities 1,824,100 217 1,352,700 258 34.8 General Purpose 5,371,600 577 3,542,100 429 51.7 Tax-Exempt 23,646,400 1,935 15,250,200 1,704 55.1 Minimum-Tax 2,318,000 103 2,605,200 172-11.0 Taxable 1,696,200 94 761,900 92 122.6 New-Money 18,773,900 1,548 15,365,500 1,787 22.2 Refunding 6,212,800 507 2,012,300 120 208.7 Combined 2,673,900 77 1,239,500 61 115.7 Negotiated 22,545,200 1,328 13,638,000 1,160 65.3 Competitive 4,900,300 774 4,256,200 710 15.1 Private Placements 215,100 30 723,100 98-70.3 Revenue 16,360,100 748 10,938,200 821 49.6 General Obligation 11,300,500 1,384 7,679,100 1,147 47.2 Fixed-Rate 22,058,600 1,912 13,937,500 1,700 58.3 Variable-Rate (Short 3,663,300 161 3,613,500 229 1.4 Variable-Rate (Long/ 373,200 13 31,000 6 1103.9 Zero-Coupon 238,300 74 341,100 67-30.1 Linked-Rate 1,227,200 14 684,700 16 79.2 Convertible 100,000 2 9,500 1 952.6 Bank-Qualified 3,217,100 1,195 2,732,400 1,159 17.7 Bond Insurance 14,212,100 722 6,586,100 459 115.8 Letters of Credit 1,568,000 112 1,451,800 158 8 Insured Mortgages 693,400 43 1,019,000 34-32.0 Investment Agreement 16,000 1 226,100 5-92.9 Standby Purchase Agr 1,231,000 8 119,500 5 930.1 Collateralization 0 0 16,900 2-100.0 Other Guaranties 1,400 1 0 0n.m. State Governments 2,835,100 23 1,939,700 21 46.2 State Agencies 6,089,200 178 5,724,700 233 6.4 Municipalities 14,599,300 1,686 8,624,700 1,493 69.3 Local Authorities 2,963,000 205 1,849,600 184 60.2 Public Colleges 937,500 32 431,800 32 117.1 Tribal Governments 0 0 32,600 3-100.0 Direct Issuers 236,500 8 14,200 2 1565.5 Private placements and municipal forwards are included, but short-term notes and remarketings are excluded. n.m. - not meaningful; unch - unchanged. Source: Thomson Financial Securities Data (7/14/01)