Bank of America Merrill Lynch holds the top spot among municipal bookrunners through  June 20th,  leading 225 deals with proceeds totaling nearly US$26 billion, according to Thomson Reuters. The number of deals by BAML, however, are down by 43 compared to the same period a year ago. Citi is holding the No. 2 spot with 178 deals totaling to US$18.5 billion in proceeds. Moving up two spots to the number 3 position is Morgan Stanley, which has run 141 deals that have garnered US$13.1 billion. Dropping back one spot to the number 4 position is J P Morgan with US$11.7

BAML’s bookrunning tally is the largest at just under $14 billion so far in 2018, but the number of deals is down, not just for the No. 1 bookrunner but across the top 10. Table 1: US Municipal – Bookrunner (AT1) Source: Deals Intelligence Table 2: Top Five Largest Municipal Long Term Deals (April 1, 2018 – April 30, 2018) Source: Deals Intelligence