Short-Term Municipal Securities

Economic Review, Vol. 72, No. 6, November/December 1986, pp. 25-34

10 Pages Posted: 25 Oct 2012

See all articles by John R. Walter

John R. Walter

Federal Reserve Banks - Federal Reserve Bank of Richmond

Date Written: 1986

Abstract

Short-term municipal securities are defined by two characteristics. First, they are issued by state and local governments and the special districts and statutory authorities they establish. Second, they either have original maturities of less than three years or have longer final maturities but include features which, from the investor’s point of view, shorten their effective maturities to less than three years. During 1985 approximately $82 billion in short-term municipal securities were issued.

Suggested Citation

Walter, John R., Short-Term Municipal Securities (1986). Economic Review, Vol. 72, No. 6, November/December 1986, pp. 25-34, Available at SSRN: https://ssrn.com/abstract=2120592

John R. Walter (Contact Author)

Federal Reserve Banks - Federal Reserve Bank of Richmond ( email )

P.O. Box 27622
Richmond, VA 23261
United States

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