WASHINGTON — The Municipal Securities Rulemaking Board’s net assets fell to $26.39 million for the fiscal year ending Sept. 30, 2009, down $1.65 million from the previous year as new underwriting assessment fees fell dramatically, according to an audited financial statement and annual report expected to be released by the board today.
The MSRB annual report, which for the first time also includes annual financial information, reveals that the board’s financial position was “significantly affected” by the economic crisis and a drop in the number of new muni bond issues during its fiscal year.
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