WELCOME TO THE NFMA

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.
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New & Noteworthy

The Advanced Seminar Planning Committee, led by Dan Berger and Chris Mauro, is pleased to release the program for the October 23 & 24 Advanced Seminar on The Municipal Bond High Yield Market.  This event will be held at the InterContinental Chicago Magnificent Mile. Program Link: Click here  Online Registration: Click here

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.

At the 2013 Bond Attorneys’ Workshop, Allen K. Robertson, President of the National
Association of Bond Lawyers (“NABL”), announced that NABL 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.

The NFMA is pleased to release the final version of the White Paper on Best Municipal Bond Issuance Practices.  The paper incorporated feedback from a survey of NFMA members on new issue practices undertaken in the Spring of 2013, and was released for public comment in January 2014. 

The June 2014 issue of the Municipal Analysts Bulletin is available. Learn about upcoming society events, committee activities and see photos from this year's Annual Conference.  Click here to view the newsletter. 

The NFMA announced its annual award recipients at its 31st Annual Conference at Disney's Grand Floridian Resort and Spa in Lake Buena, Florida, on May 7, 2014.  Recipients include James Spiotto, Richard Raphael, Mark Stockwell, Mary Francoeur and NASACT.  A scholarship was announced in memory of Peter Fugiel, Past NFMA Chair.  To read the press releases, click the following links:  Press Release - Annual Awards, Press Release - Disclosure Award, Press Release - Fugiel Scholarship.


The NFMA has created a new membership for students!  To learn more about Student Membership, please click here.

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Our Tweets


Upcoming Municipal Industry Events

  • CSMA Meeting, "California Drought of 2014" on September 18, 2014 in Los Angeles, CA.  Registration is open to members and non-members; full members of CSMA may register for $90, and all non-members (including members of the NFMA who are not CSMA members) may register for $110. To view the program, click here:  Program Link  To register with a credit card, click here: Online Registration  To register and pay by check, click here: Send a check
  • NFMA Advanced Seminar on The Municipal Bond High Yield Market, October 23-24, 2014, InterContinental Chicago, Magnificent Mile, Chicago, IL. To view the program click here: Program Link  To register, click here: Online Registration
  • NFMA Introduction to Municipal Bond Credit Analysis, November 20 & 21, 2014, Le Meridien, Philadelphia, PA. Program to be released in early September.
  • NFMA Advanced Seminar on America's Urban Agenda, January 22 & 23, 2015, Four Seasons, Houston, TX.  Program information to come.

Submit your event here.

 
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