2014 Investment Banks
THIS YEAR	LAST YEAR	COMPANY	LOCATION	Chief Executive	STAFF	Lead Issues (in millions)	Lead No. of Issues	Co-Lead Issues (in millions)	Co-Lead No. of Issues	Total Issues(in millions)	Total No. of Issues
1	2	CastleOak Securities L.P.	New York, NY	David R. Jones	60	$16,721.7	35	$148,186.1	138	$164,907.8	173
2	3	The Williams Capital Group L.P.	New York, NY	Christopher J. Williams	81	14,400.4	8	238,458.3	196	252,858.7	204
3	1	Loop Capital Markets L.L.C.	Chicago, IL	James  Reynolds Jr.	159	8,694.0	19	121,096.8	146	129,790.8	165
4	‒	Siebert Brandford Shank & Co. L.L.C.	New York, NY	Suzanne  Shank	70	397.1	2	2,265.7	18	2,662.8	20
5	‒	Toussaint Capital Partners L.L.C.	Freehold , NJ	Avery Byrd	32	350.0	1	7,326.4	8	7,676.4	9
As of Dec. 31, 2013. Source: B.E. Research and Thomson Reuters
*The above ranking of firms is based on the total deal proceeds of taxable debt and equity offerings on which the underwriting firm served as a bookrunner (senior lead) or co-manager as of April 4th, 2014 for the full year of 2013. Each underwriter is accredited with the full value of the deal proceeds on which they served as either a bookrunner or co-manager. Thomson Reuters Taxable Securities (Debt and Equity Capital Markets) data includes IPOs, Equities Primary and Secondary Offerings, Block Trades, Accelerated Bookbuild Transactions, Privatization Transactions, REITS, Investment Funds elected to be treated as business development companies, Close-end funds, Rights Offerings, Income Depository Shares, Primary Bond Offerings, Internationally offered underwritten debt transactions, Domestic issuance, Preferred Securities, High Yield and Emerging Market transactions, Asset Backed Securities, Mortgage Backed Securities, Collateralized Debt Obligations, MTN takedowns, Certificate of Deposits, except in the UK. Thomson Reuters Taxable Securities (Debt and Equity Capital Markets) data excludes non-firmly underwritten offerings, best efforts transactions, open market transactions that are structured around basket securities, Secondary Bond Offerings, transactions that mature in less than 360 days after settlement, transactions with issue size less than US $1 million, European domestic bonds.
Tax-Exempt Securities
THIS YEAR	LAST YEAR	COMPANY	LOCATION	Chief Executive	STAFF	Lead Issues (in millions)	Lead No. of Issues	Co-Lead Issues (in millions)	Co-Lead No. of Issues	Total Issues(in millions)	Total No. of Issues
1	2	Siebert Brandford Shank & Co. L.L.C.	New York, NY	Suzanne  Shank	70	$6,192.2	28	$53,194.1	189	$59,386.3	217
2	1	Loop Capital Markets L.L.C.	Chicago, IL	James  Reynolds Jr.	159	5,480.5	25	61,574.4	664	67,054.9	689
3	3	Rice Financial Products Co.	New York, NY	J. Donald  Rice Jr.	37	1,107.9	7	30,812.3	105	31,920.2	112
4	5	Powell Capital Markets Inc.	Roseland, NJ	Arthur F. Powell	6	65.3	4	37.7	1	103.0	5
5	‒	The Williams Capital Group L.P.	New York, NY	Christopher J. Williams	81	0	0	17,693.6	67	17,693.6	67
As of Dec. 31, 2013. Source: B.E. Research and Thomson Reuters