The National Federation of Municipal Analysts (NFMA), founded in 1983, is a not-for-profit association with over 1,300 members throughout the U.S.  The professional focus of our members is on the creditworthiness of municipal bonds.  Since NFMA’s inception, our goals have been:

  • To promote professionalism in municipal credit analysis,

  • Through our educational programs, to further the skill level of our members and to provide a platform by which analysts can exchange ideas,    

  • To advocate, when appropriate, issues of importance to the municipal finance industry, and

  • To facilitate the flow of information among market participants, especially in terms of better issuer disclosure.

New & Noteworthy

The NFMA Awards Committee presented six awards at its 32nd Annual Conference in Las Vegas on May 13, 2015.  To read the press release, click here

The NFMA has released the draft "White Paper on the Disclosure of Potential Conflicts of Interest in Municipal Finance Transactions". The White Paper is a product of a subcommittee of the Disclosure Committee. Comments on the paper will be accepted through July 20, 2015.  White Paper on the Disclosure of Potential Conflicts of Interest in Municipal Finance Transactions, Draft Dated April 20, 2015.  Press release dated April 22, 2015

The NFMA has released the draft “Recommended Best Practices in Disclosure for Direct Purchase Bonds, Bank Loans, and Other Bank-Borrower Agreements” (Bank Loan RBP). The Bank Loan RBP is the product of a subcommittee of the NFMA Industry Practices & Procedures Committee, and can be found at this link:  Bank Loan RBP  To view the press release for this paper, click here: Press Release.  Comments on the paper will be accepted through May 3, 2015.

The NFMA's Municipal Analysts Bulletin for February 2015 is posted under Publications/Newsletters, or just click here:Vol. 25, No. 1  The newsletter includes the letter from this year's Chair, Jennifer Johnston, as well as committee and society reports. Catch up on what's happening at the NFMA - there's a lot going on!

The NFMA is happy to release the program for its 32nd Annual Conference, to take place at the Four Seasons Las Vegas on May 12-15.  Registration is open for members and non-members. There are a limited number of discounts for government employees and students.  Contact the NFMA for more information. Program Link.  Register by clicking here.

The Board of Governors of the NFMA announced its new officers for 2015.  Serving as the 32nd Chair of the NFMA will be Jennifer L. Johnston, Vice President/Research Analyst, Municipal Bond Department, Franklin Templeton Investments.  Click here for the press release:  New Officers for 2015

Join us in congratulating 2014 NFMA Chair, Susan Dushock, for being named a Trailblazing Woman in Public Finance by the Northeast Women in Public Finance. The award presentation took place at the Bond Buyer's Deal of the Year awards dinner in New York on December 4.  Susan's interview can be found in the Bond Buyer special supplement: Link to Supplement

The NFMA's Municipal Analysts Bulletin, Vol. 24, No. 3 is posted. Click here, or go to Publications/Newsletters.

The NFMA is pleased to announce the first recipients of the scholarship honoring Peter Fugiel, past chair of the NFMA, who passed away earlier this year. Based on the high caliber of applications received, the NFMA has awarded two Fugiel Scholarships. The recipients are Eric Reese from the University of North Carolina MPA program and Scarlett Swerdlow from the University of Chicago's Harris School of Public Policy. Please click here to view the press release for the scholarship:  Press Release.  The educational program to which the scholarship applies  - the NFMA Introduction to Municipal Bond Credit Analysis - takes place on Thursday and Friday this week in Philadelphia.  In 1987, Peter Fugiel conceptualized and executed this program for the NFMA, and it has been offered annually since that time. 

The NFMA has released the draft Recommended Best Practices in Disclosure for State Government General Obligation and Appropriation Debt (State GO RBP).  This paper is the first of a two-part update of the NFMA’s December 2001 Recommended Best Practices in General Obligation and Tax-Supported Debt (2001 RBP), which addressed all general obligation and tax-exempt debt. Comments on the draft paper will be accepted through March 5, 2015. To view the paper, click here:  State GO RBP.  To view the press release, click here:  Press Release.

NABL has released a paper, General Obligation Bonds:State Law, Bankruptcy and Disclosure Considerations. According to NABL, at the 2013 Bond Attorneys’ Workshop, Allen K. Robertson, President of NABL, announced that the organization would "undertake a project regarding general obligation bonds as a result of the recent bankruptcy filings by local governments which have raised questions about the security of general obligation bonds." Click here to read the paper.


Our Tweets

Upcoming Municipal Industry Events

  • Brandeis International Business School and the Federal Reserve Bank of Boston are hosting the fourth annual Municipal Finance Conference in Boston on Friday, August 7, 2015.  The one-day conference, which will be held at the Boston Fed, will bring together academics, practitioners, regulators and issuers to discuss the changing state of municipal capital markets and how to analyze and adapt to the changing landscape. The objective of this conference is to highlight practice-relevant and policy-relevant research on municipal finance and to advance a dialogue among market participants and academic researchers on municipal markets. To register for the conference, click here.

  • October 15-16, 2015 - NFMA Advanced Seminar on Public Sector Pensions and OPEB, Nashville, TN. Details to be announced in coming weeks.
  • November, 2015 (date and location TBA) - NFMA Introduction to Municipal Bond Credit Analysis, Philadelphia, PA
  • January 14-15, 2016 - NFMA Advanced Seminar on Education, Phoenix, AZ.  Watch for more details in late summer.
  • For other municipal industry events, click here to go to MuniNetGuide.

Submit your event here.

<< first < Prev 1 2 Next > last >>

Page 1 of 2
powered by MemberClicks