Starting in 2010:Q4; level is calculated from FOF municipal securities (series FL893062005), multiplied by a ratio of: year-end level of SOI Corporation Income Tax Returns, Returns of Active Corporations, Table 6 - Balance Sheet, Income Statement, Tax, and Other Selected Items, by Major Industry, line Tax-exempt securities, for all industries except finance and insurance, management of companies, and unpublished detail on equity REITs divided the corresponding year-end FOF level of municipal securities (FL893062005). For quarters since the most recent SOI year, the ratio is fixed at the level of the most recent SOI year. Capital gains are estimated based on the Merrill Lynch Municipal Master par weighted price index. Transactions are the change in the level less capital gains; data for the most recent ten years show no significant seasonality.
Last edited on: 09/19/2019