MSRB Begins Providing Data on New Issues of Municipal Securities

Date: September 12, 2012

Contact: Jennifer A. Galloway, Chief Communications Officer
             (703) 797-6600


Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) today announced that it has enhanced the market statistics available on its Electronic Municipal Market Access (EMMA®) website to include monthly data on new issuance of municipal securities as reported to the MSRB. On average, $450 billion worth of municipal securities are issued each year and the new data on EMMA provides the marketplace with a new and free source of issuance information.

The MSRB’s EMMA website is a centralized online database that provides free public access to official disclosure documents and trade prices associated with municipal bonds issued in the United States, among other information.  The MSRB is the official source of municipal primary market disclosures and is now compiling aggregate issuance statistics based on that information.

The addition of the data is part of an overall redesign of EMMA’s Market Statistics section, which includes information on the amount and volume of municipal market trading.

EMMA already provides trade information and disclosure documents for municipal bonds. The new municipal issuance data dates to January 1, 2011 and includes par amount issued, number of issues and average issue size. Trade data on EMMA include summaries of municipal securities transaction activity for all published trades disseminated by the MSRB for every trading day since May 15, 2006.

The MSRB regularly publishes data and statistics on the municipal market, including an annual statistical Fact Book, quarterly statistics and periodic statistical reports.

The MSRB protects investors, state and local governments and other municipal entities, and the public interest by promoting a fair and efficient municipal securities market. The MSRB fulfills this mission by regulating the municipal securities firms, banks and municipal advisors that engage in municipal securities and advisory activities. To further protect market participants, the MSRB provides market transparency through its Electronic Municipal Market Access (EMMA®) website, the official repository for information on all municipal bonds. The MSRB also serves as an objective resource on the municipal market, conducts extensive education and outreach to market stakeholders, and provides market leadership on key issues. The MSRB is a self-regulatory organization governed by a 21-member board of directors that has a majority of public members, in addition to representatives of regulated entities. The MSRB is overseen by the Securities and Exchange Commission and Congress.