Many of those people came from its municipal securities department.

It is now the country's leading insurer of municipal securities.

"The market is in very good shape," a municipal securities trader said.

Several regulators share responsibility for overseeing the municipal securities market.

Activity in the secondary market for municipal securities was fairly light, the traders said.

Municipal securities account for 16 percent of the $830 billion in total money-market fund investments.

Prices were little changed in the secondary market for corporate and tax-exempt municipal securities yesterday.

Activity in the secondary market for corporate and tax-exempt municipal securities was light, with little or no price movement.

Including tax-exempt funds, which buy short-term municipal securities, total assets are about $530 billion.

He readily took to the Wall Street life, rising through the firm's municipal securities business.

Chase's new department will bring together trading, underwriting and sale of municipal securities.

In the secondary market for tax-exempt municipal securities, prices of most issues rose by about 1/8 point, dealers said.

With supply drying up, municipal securities are growing more attractive than Treasury bonds to many.

On Oct. 13, the firm said it had decided to lay off 100 people in its municipal securities unit, citing poor market conditions.

Kidder, Peabody, for instance, has all but dismantled its municipal securities department.

Municipal securities are not subject to the same financial disclosure requirements as corporate securities.

Municipal securities are debt instruments that state and local governments typically issue to finance diverse projects.

The market for municipal securities also fell.

Of the 120 employees just released, the largest number, 25, came from Smith Barney's once strong municipal securities division.

Institutional buyers of municipal securities have been particularly outraged by Orange County's approach.

And the critics contend that the wrongdoing in question has little to do with the creditworthiness of municipal securities.

The municipal securities industry was on trial.

And, like at least two leading investment banking firms, Continental will pull out of the unprofitable municipal securities business, he said.

He moved quickly into trading municipal securities.

Meanwhile, prices of the most widely quoted issues in the secondary market for municipal securities were unchanged, dealers said.

But if our hospital were twice the size, like some municipals, it wouldn't have worked.

Due to this fact the services provided by the municipals are numerous.

Even service competition between municipals is quite common in Finland.

Therefore municipals have a natural interest in providing public services efficiently.

Last year's low interest rates also produced a record $290 billion in new municipals, making them relatively cheap.

Four percent of the Total Return fund is in municipals.

"Higher taxes this year over last make the outlook for municipals very attractive."

But to everyone else, the municipals offer greater returns.

Their yields are above the normal relationship between municipals and other income investments.

Investors usually consider municipals attractive enough to buy when they yield more than 82 percent of similar Government issues.

On your list are things that don't require my expertise, such as commercial bonds and municipals.

One way to cut costs and increase the efficiency is to cooperate with neighbour municipals.

Most city municipals house a variety of sports activities.

He gave these figures for call vulnerability in municipals.

And the higher tax rates will make tax-exempt municipals a better bargain.

All in all, municipals sound good - but they are still bonds.

Millions of Americans, and particularly people who invest for income rather than growth, include municipals in their portfolios.

If the dearth continues, it will put upward pressure on the price of municipals.

The city sold ninety million in tax-free municipals just to cover the first year.

The individual investor has realized that municipals are the last tax shelter left."

Their doctors get them into other hospitals, and they tend to think of the municipals with a shudder.

The municipals' advantage applies only to high earners, and not even to all of them.

Texas municipals have gained, because a new tax would make tax-free income more valuable.

If you are going to be in bonds, overweight corporates and municipals.

Within the last century the municipals gained more and more autonomy.