Recent Bid Results

Recent Bid Results as of August 16, 2006

August 16, 2006, 2:00pm
Washington Township Board of Education (BQ)
$1,636,000 3-yr Computer Technology, Textbooks & Vehicles

Respondent	Federal Reserve H.15 Statistical Release Rate	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Citimortgage, Inc., NY	5.34%	100% of OPB	3.96%	Responsive; Recommended
SunTrust Leasing, MD	5.41%	102% of OPB	3.96%	Responsive
Banc of America Public Funding, CA	5.35%	101% of OPB	3.9737%	Responsive
Chase Equipment Leasing, NY	5.35%	102% of OPB	3.99%	Responsive
First Southwest Leasing Company, TX	5.34%	100.5% of OPB	4.120%	Responsive
Commerce Commercial Leasing, LLC, NJ	5.38%	100% of OPB	4.38%	Responsive
Baystone Financial Group, KS	5.34%	102% of OPB	4.489%	Responsive

August 16, 2006, 2:00pm
Scotch Plains-Fanwood Board of Education (BQ)
NPV $535,000 4-yr Computer Technology

Respondent	Federal Reserve H.15 Statistical Release Rate	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Bank of America Leasing & Capital, LLC, CA	5.33%	100% of OPB	3.98%	Responsive; Recommended
SunTrust Leasing, MD	5.41%	102% of OPB	4.01%	Responsive
Chase Equipment Leasing, Inc., NY	5.36%	102% of OPB	4.08%	Responsive
Commerce Commercial Leasing, LLC, NJ	5.34%	100% of OPB	4.23%	Responsive
Baystone Financial Group, KS	5.35%	Amortized at 45.8bp	4.428%	Responsive

August 15, 2006, 2:00pm
Chester Twp. Board of Education (BQ)
$275,000 3-yr Computer Technology

Respondent	Federal Reserve H.15 Statistical Release Rate	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Chase Equipment Leasing, Inc., NY	5.38%	100% of OPB	4.106%	Responsive; Recommended
Commerce Commercial Leasing, LLC, NJ	5.36%	100% of OPB	4.35%	Responsive
Bank of America Leasing & Capital, LLC, CA	5.32%	101% of OPB	4.37%	Responsive
Baystone Financial Group, KS	5.41%	Amortized at 0.597%	5.247%	Responsive

August 8, 2006, 2:00pm
East Brunswick Twp. Board of Education (BQ)
$3,140,000,000 4-yr Real Property

Respondent	Federal Reserve H.15 Statistical Release Rate	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Chase Equipment Leasing, Inc., NY	5.49%	100% of OPB	3.96%	Responsive; Recommended
Bank of America Leasing & Capital, LLC, CA	5.42%	100% of OPB	3.9791%	Responsive
Citimortgage Inc., NY	5.40%	100% of OPB	4.01%	Responsive
Commerce Commercial Leasing, LLC, NJ	4.98%	100% of OPB	4.05%	Responsive
SunTrust Leasing, MD	5.51%	100% of OPB	4.06%	Responsive
Baystone Financial Group, KS	5.42%	100% of OPB	4.214%	Responsive
First Southwest Co., TX	5.33%	100.5% of OPB	4.27%	Responsive

July 28, 2006, 2:00pm
Deleware Valley RegionalBoard of Education (BQ)
$605,000 5-yr 7yr and 10yr School Buses

Respondent	Federal Reserve H.15 Statistical Release Rate 5-year 7-year 10-year	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid: 5-year 7-year 10-year	Recommendation
Bank of America Leasing & Capital, LLC, CA	5.50% 5.55% 5.61%	100% of OPB	4.09% 4.16% 4.30%	Responsive; Recommended
SunTrust Leasing Corporation, MD	5.50% 5.55% 5.61%	102% of OPB	4.12% 4.15% 4.20%	Responsive
Commerce Bank, NJ	5.50% 5.55% 5.61%	100% of OPB	4.24% 4.40% 4.56%	Responsive
Baystone Financial Group, KS	5.55% 5.59% 5.63%	Sliding Scale of Penalty	4.448% 4.489% 4.491%	Responsive

July 25, 2006, 2:00pm
Egg Harbor Township Board of Education (BQ)
$3,200,000 5-yr School Buses and Technology

Respondent	Federal Reserve H.15 Statistical Release Rate 3-year 5-year 9-year 10-year	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid: 3-year 5-year 9-year 10-year	Recommendation
Bank of America Leasing & Capital, LLC, CA	5.33% 5.55% 5.63% 5.63%	101% of OPB	4.1375% 4.1375% 4.155% 4.155%	Responsive; Recommended
SunTrust Leasing Corporation, MD	5.33% 5.55% 5.63% 5.63%	101% of OPB	4.19% 4.20% 4.26% 4.26%	Responsive
CitiCapital Mortgage, Inc., NY	5.33% 5.55% 5.63% 5.63%	100% of OPB	4.22% 4.22% 4.22% 4.22%	Responsive
First Southwest Leasing Company, TX	5.33% 5.55% 5.63% 5.63%	100.5% of OPB	4.270% 4.2401% 4.2801% 4.280%	Responsive
Commerce Commercial Leasing, NJ	5.33% 5.55% 5.63% 5.63%	100%	4.52% 4.52% 4.52% 4.52%	Responsive

July 25, 2006, 2:00pm
West Milford Township Board of Education (BQ)
$630,000 5-yr School Buses and Technology

Respondent	Federal Reserve H.15 Statistical Release Rate(for index if needed)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Bank of America Leasing & Capital, LLC, CA	5.48%	100% of OPB	4.00%	Responsive; Recommended
Commerce Commercial Leasing, NJ	5.63%	100% of OPB	4.29%	Responsive
Chase Equipment Leasing Inc.	5.63%	102%	4.207%	Responsive

July 13, 2006, 2:00pm
Secaucus Board of Education (BQ)
$613.000 5-yr School Buses and Technology

Respondent	Federal Reserve H.15 Statistical Release Rate(for index if needed)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Bank of America Leasing & Capital, LLC, CA	5.65%	100% of OPB	3.98%	Responsive; Recommended
Commerce Commercial Leasing, NJ	5.70%	100% of OPB	4.08%	Responsive
Chase Equipment Leasing Inc.	5.70%	102%	4.253%	Responsive
SunTrust Leasing Corporation, MD	5.70%	102%	4.27%	Responsive

July 13, 2006, 2:00pm
City of Summit Board of Education (BQ)
$405,000 5-yr Technology

Respondent	Federal Reserve H.15 Statistical Release Rate(for index if needed)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Bank of America Leasing & Capital, LLC, CA	5.66%	100% of OPB	4.10%	Responsive; Recommended
Commerce Commercial Leasing, LLC, NJ	5.71%	100% of OPB	4.22%	Responsive
Chase Equipment Leasing Inc.	5.69%	102% of OPB	4.26%	Responsive

July 12, 2006 2:00pm
Brick Township Board of Education(BQ)
$1,5000,000 5-years School Buses and Maintenance Equipment

Respondent	Federal Reserve H.15 Statistical Release Rate (Index)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Bank of America Leasing & Capital, LLC, CA	5.66%	100% of OPB	3.97%	Responsive; Recommended
Commerce Commercial Leasing, LLC, NJ	5.76%.	100% of OPB	4.05%	Responsive
Chase Equipment Leasing, Inc	5.73%	102% of OPB	4.146%	Responsive
First Hope Bank, NJ	5.73%	100% of OPB	4.30%	Responsive
Citimortgage, Inc. NY	5.72%	101% of OPB	4.33%	Responsive
SunTrust Leasing Corporation, MD	5.73%	101% of OPB	4.352%	Responsive

\July 11, 2006, 2:00pm
Egg Harbor Board of Education (NBQ)
TRANSACTION TO BE REDBID ON JULY 25, 2006 2:00PM

July 11, 2006, 3:00pm
Morris School District Board of Education (BQ)
$405,000 5-yr Technology & Vehicles Lease

Respondent	Federal Reserve H.15 Statistical Release Rate(for index if needed)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Bank of America Leasing & Capital, LLC, CA	5.66%	100% of OPB	3.99%	Responsive; Recommended
Chase Equipment Leasing Inc.	5.73%	102% of OPB	4.253%	Responsive
SunTrust Leasing Corp., MD	5.65%	101% of OPB	4.24%	Responsive

July 11, 2006, 1:00pm
Jackson Township Board of Education (BQ)
$911,000 2-yr Technology & Vehicles Lease

Respondent	Federal Reserve H.15 Statistical Release Rate(for index if needed)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Bank of America Leasing & Capital, LLC, CA	5.64%	100% of OPB	3.98%	Responsive; Recommended
Commerce Commercial Leasing, LLC, NJ	5.73%	102% of OPB	4.85%	Responsive

July 6, 2006, 2:00pm
Cinnaminson Township Board of Education (BQ)
$500,000 4-yr Technology & Vehicles Lease

Respondent	Federal Reserve H.15 Statistical Release Rate(for index if needed)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Bank of America Leasing & Capital, LLC, CA	5.69%	100% of OPB	3.98%	Responsive; Recommended
First Hope Bank, NJ	5.68%	100% of OPB	4.30%	Responsive
Chase Equipment Leasing Inc.	5.68%	102% of OPB	4.35%	Responsive
SunTrust Leasing Corp., MD	5.70%	101% of OPB	4.49%	Responsive
Commerce Commercial Leasing, LLC, NJ	5.71%	102% of OPB	4.70%	Responsive

June 28, 2006Beverly Board of Education (BQ)
$171,500 3 or 5-year Textbooks and Playground Equipment

Respondent

Federal Reserve H.15 Statistical Release Rate(for index if needed)

Purchase Option Penalty (OPB= Outstanding Principal Balance)

Rate Bid:

Recommendation

Commerce Commercial Leasing, NJ

5.71%

100% of OPB

4.70%

Responsive; Recommended

June 27, 2006, 2:00pm
Lakewood Township Board of Education (BQ)
$3,7000,000 5-yr Capital Improvements of Real Property

Respondent	Federal Reserve H.15 Statistical Release Rate(for index if needed)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Commerce Commercial Laesing, NJ	5.71%	100% of OPB	4.05%	Responsive; Recommended
All Points Capital, OH	5.21%	100% of OPB	4.19%	Responsive
Chase Equipment Leasing Inc.	5.52%	102% of OPB	4.206%	Responsive
Koch Financial Corportation, Inc., AZ	5.71%	102% of OPB	4.40%	Responsive

SunTrust Leasing Corporation, MD

5.70%

101% of OPB

4.45%

Responsive

June 26, 2006, 2:00pm
Moorestown Township Board of Education (BQ)
$2,021,700 4-yr Technology, Buses, and Equipment

Respondent	Federal Reserve H.15 Statistical Release Rate(for index if needed)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
SunTrust Leasing Corporation, MD	5.52%	101% of OPB	4.20%	Responsive; Recommended
All Points Capital, OH	5.66%	100% of OPB	4.21%	Responsive
Chase Equipment Leasing Inc.	5.52%	102% of OPB	4.24%	Responsive
Carlyle Financial Services, Inc., TX	5.64%	100.5% of OPB	4.51%	Responsive

Commerce Commercial Laesing, NJ

5.71%

100% of OPB

4.70%

Responsive

June 22, 2006 Harrison Township Board of Education
$200,000 4years Laptop Computers, Desktop Computers, and Server

Respondent

Federal Reserve H.15 Statistical Release Rate(for index if needed)

Purchase Option Penalty (OPB= Outstanding Principal Balance)

Rate Bid:

Recommendation

All Points Public Funding, LLC, NY

5.64%

101% of OPB

4.33%

Responsive; Recommended

Chase Equipment Leasing, Inc., NY

5.52%

102% of OPB

4.35%

Responsive

June 21, 2006 Monroe TownshipBoadr of Fire Commissioners Fir District No. 1
$600,000 7years Heavy Rescue Pumper

Respondent

Federal Reserve H.15 Statistical Release Rate(for index if needed)

Purchase Option Penalty (OPB= Outstanding Principal Balance)

Rate Bid:

Recommendation

Commerce Commercial Leasing, NJ

5.63%

100% of OPB

4.05%

Responsive; Recommended

Chase Equipment Leasing, Inc., NY

5.44%

102% of OPB

4.24%

Responsive

June 16, 2006 Bridgewater-Raritan Regional Board of Education (BQ)
$700,000 3 years Technology

Respondent

Federal Reserve H.15 Statistical Release Rate(for index if needed)

Purchase Option Penalty (OPB= Outstanding Principal Balance)

Rate Bid:

Recommendation

Chase Equipment Leasing, Inc., NY

5.42%

102% of OPB

4.16%

Responsive; Recommended for three year term NPV

Commerce Commercial Leasing, NJ

5.43%

100% of OPB

4.40%

Responsive

June 15, 2006, 2:00pm
Berkeley Heights Board of Education (BQ)
$1,075,000 5-yr Textbooks and Equipment

Respondent	Federal Reserve H.15 Statistical Release Rate(for index if needed)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Chase Equipment Leasing, Inc., NY	5.42%	102% of OPB	3.81902%	Responsive; Recommended
Carlyle Financial Services, Inc., TX	5.45%	100.5% of OPB	3.89%	Responsive
Koch Financial Corporation, AZ	NA	NA	4.50%	Responsive
Commerce Commercial Leasing, NJ	5.46%	NA	4.86%	Responsive

June 15, 2006 South Brunswick TownshipBoard of Education (BQ)
$288,000 3 or 4-year Lease of Vehicles &Equipment

Respondent

Federal Reserve H.15 Statistical Release Rate(for index if needed)

Purchase Option Penalty (OPB= Outstanding Principal Balance)

Rate Bid:

Recommendation

Commerce Commercial Leasing, NJ

5.45% 3yr

5.46% 4yr

100% of OPB

3.89% 3yr

3.89% 4yr

Responsive; Recommended

Chase Equipment Leasing, Inc., NY

4.42% 3yr

5.44% 4yr

102% of OPB

4.16% 3yr 4.14% 4yr

Responsive

May 31, 2006, 2:00pm
Rutherford Board of Education (BQ)
$350,000 4-yr A/c units

Respondent	Federal Reserve H.15 Statistical Release Rate(for index if needed)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Banc of America Leasing & Capital, LLC, CA	5.41%	100% of OPB	3.81%	Responsive; Recommended
Chase Equipment Leasing, Inc., NY	5.45%	102% of OPB	4.046%	Responsive
Commerce Bank /North, NJ	5.45%	100% of OPB	4.07%	Responsive
Citibank N.A. or its affiliates, NY	5.44%	100% of OPB	4.623%	Responsive

May 25, 2006, 2:00pm
East Brunswick Board of Education (BQ)
$350,000 5-yr Vehicle Lease

Respondent	Federal Reserve H.15 Statistical Release Rate(for index if needed)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Banc of America Leasing & Capital, LLC, CA	5.46%	100% of OPB	3.81902%	Responsive; Recommended
Commerce Commercial Leasing, NJ	5.54%	100% of OPB	3.89%	Responsive
All Points Capital, OH	5.41%	101% of OPB	4.11%	Responsive
Chase Equipment Leasing, Inc., NY	5.48%	102% of OPB	4.07%	Responsive

May 23, 2006 2:00pm
Woodbridge Board of Fire Commissioners District No. 1
$700,000 7-yr Equipment

Respondent	Federal Reserve H.15 Statistical Release Rate (Index)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Commerce Commercial Leasing, NJ	5.53%	100% of OPB	3.89%	Responsive; Recommended
Bank of America Leasing & Capital, LLC., CA	5.55%.	100% of OPB	3.96%	Responsive
All Points Public Funding LLCl, NY	5.47%	100% of OPB	3.985%	Responsive
Chase Equipment Leasing, Inc	5.57%	102% of OPB	4.08%	Responsive
First Hope Bank, A National Banking Association, NJ	undisclosed	100% of OPB	4.185%	Responsive
Comerica Leasing Corporation, NJ	5.57%	100% of OPB	4.244%	Responsive

Baystone Financial Group, KS

5.57%

100% of OPB.0309 basis points below the interest rate bid

4.289%

Responsive

May 23, 2006 2:00pm
Central Regional Board of Education(BQ)
$160,000- $180,000 technology 2-3year

Respondent	Federal Reserve H.15 Statistical Release Rate (Index)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Commerce Commercial Leasing, LLC, NJ	5.39% 5.42%	100% of OPB	4.43% 4.43%	Responsive; Recommended
Chase Equipment Leasing, Inc	5.39%.	100% of OPB	no bid 4.60%	Responsive
All Points Capital, NY	5.39%	101% of OPB	no bid 4.65%	Responsive
Municipal Capital Corporation, PA	5.39%	104% of OPB	4.85% 4.99%	Responsive
Daystar Capital Corporation, NJ	5.42%	102% of OPB	no bid 5.24%	Responsive
Susquehanna Patriot Commercial Leasing Company, NJ	5.39% 5.42%	100% of OPB	7.90% 6.80%	Responsive

Recent Bid Results as of April 25, 2006

April 25, 2006 City of Plainfield Board of Education (NBQ)
$1,500,000 5-year Lease of Equipment, Textbooks, Vehicles

Respondent	Federal Reserve H.15 Statistical Release Rate(for index if needed)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Bank of America Leasing & Capital, LLC., MD	5.45%	100% of OPB	3.84792%	Responsive; Recommended
Carlyle Financial Services, Inc., TX	5.40%	100.5% of OPB	4.255%	Responsive
Commerce Commercial Leasing, NJ	5.39%	100% of OPB	4.22%	Responsive

April 20, 2006 North Brunswick Township Board of Education (NBQ)
$7,185,000 5/15-year Lease of Energy Conservation & Instructional Equipment

Respondent	Federal Reserve H.15 Statistical Release Rate(for index if needed)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid: 5-yr 15-yr	Recommendation
Chase Equipment Leasing, Inc., NY	5.39% NO BID	102% of OPB	3.77% NO BID	Responsive; Recommended
Bank of America Leasing & Capital, LLC., MD	5.39% 5.58%	101% of OPB	3.7823% 4.0304%	Responsive
Citimortgage, Inc., NY	5.44% 5.56%	100% of OPB	3.82% 4.14%	Responsive
All Points Capital Corp., NY	5.36% 5.48%	100% of OPB	3.955% 4.63%	Responsive
Carlyle Financial Services, Inc., TX	5.44% 5.56%	100.5% of OPB	4.14% 4.410%	Responsive
Koch Financial Corporation, AZ	5.39% NO BID	102% of OPB	4.32% NO BID	Responsive
BAR Capital Group, UT	5.44% 5.56%	101% of OPB	4.325% 4.525%	Responsive
Commerce Commercial Leasing, NJ	5.39% NO BID	100% of OPB	4.66%	Responsive

January 24, 2005, 4:00pm
South Plainfield Board of Education (BQ)
$180,000 5-yr Vehicle Lease

Respondent	Federal Reserve H.15 Statistical Release Rate(for index if needed)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Commerce Commercial Leasing, NJ	4.78%	100% of OPB	3.73%	Responsive; Recommended
Central Atlantic Leasing Corp., NJ	4.82%	100% of OPB	4.04%	Responsive
Kansas State Bank, KS	4.74%	Amortized @ .33%	4.59%	Responsive
Balboa Capital, CA	4.79%	100% of OPB	4.09%	Responsive

August 22, 2005 Delaware Regional Board of Education (BQ)
$700,000 10-year Lease of Vehicles

Respondent	Federal Reserve H.15 Statistical Release Rate(for index if needed)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid: 10-yr	Recommendation
Commerce Commercial Leasing, LLC, NJ	4.73%	100% of OPB	3.67%	Responsive; Recommended
Chase Equipment Leasing Inc., NY	4.77%	100% of OPB	3.992%	Responsive
Carlyle Capital Markets, TX	4.70%	101% of OPB	4.150%	Responsive

August 18, 2005 So. Hunterdon Regional Board of Education (BQ)
$62,655 2-year Lease of Vehicles

Respondent	Federal Reserve H.15 Statistical Release Rate(for index if needed)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Commerce Commercial Leasing, LLC, NJ	4.50%	100% of OPB	3.35%	Responsive; Recommended
Chase equipment leasing Inc., NY	4.48%	102% of OPB	3.82%	Responsive

August 17, 2005 Burlington City Board of Education (BQ)
$155,000 4-year Lease of Vehicles and Gymnasium Floor

Respondent	Federal Reserve H.15 Statistical Release Rate(for index if needed)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Central Atlantic Leasing Corp., NJ	4.63%	102% of OPB	4.25%	Responsive; Recommended
Municipal Capital Corporation, PA	4.55%	102% of OPB	5.00%	Responsive

August 16, 2005, 2:00pm
Washington Township Board of Education (BQ)
$995,640.94 NPV 3-yr Instructional Technology, Textbooks and Vehicles

Respondent	Federal Reserve H.15 Statistical Release Rate(for index if needed)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Commerce Bank N.A., NJ	4.10%	100% of OPB	3.30%	Responsive; Recommended
Chase Equipment Leasing Inc.	4.57%	100% of OPB	3.343%	Responsive
Banc of America Leasing & Capital, LLC, CA	4.57%	101% of OPB	3.43%	Responsive
Balboa Capital, CA	4.49%	100% of OPB	3.44%	Responsive

Carlyle Financial Services, Inc., TX

4.44%

101% of OPB

3.63%

Responsive

July 13, 2005 2:00pm
Hunterdon Central Regional Board of Education (BQ)
$1,150,000 five years for Artificial Tract Lighting and Bleachers

Respondent	Federal Reserve H.15 Statistical Release Rate(for index if needed)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Chase equipment Leasing, Inc.	4.23%	100% of OPB	3.226%	Responsive; Recommended
Banc of America Leasing & Capital, LLC.	4.23%	100% of OPB	3.24%	Responsive
Commerce Commercial Leasing, NJ	4.17%	100% of OPB	3.34%	Responsive

July 12, 2005 2:00pm
Delaware Valley Regional Board of Education (BQ)
$250,000 five years for School Vehicles

Respondent	Federal Reserve H.15 Statistical Release Rate(for index if needed)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Banc of America Leasing & Capital, LLC	4.29%	101% of OPB	3.26%	Responsive; Recommended
Chase equipment Leasing, Inc.	4.15%	101% of OPB	3.266%	Responsive
Commerce Commercial Leasing, NJ	4.23%	100% of OPB	3.34%	Responsive

July 6, 2005 2:00pm
Winslow Township Board of Education (BQ)
Proposal A: $1,375,000 for buses and textbooks; Proposal B: Just Textbooks $761,167

Respondent	Federal Reserve H.15 Statistical Release Rate(for index if needed)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Banc of America Leasing & Capital, LLC	4.15%	101% of OPB	3.15% For Both A and B	Responsive; Recommended
Chase equipment Leasing, Inc.	4.36%	100% of OPB	3.23% For A only	Responsive
Commerce Commercial Leasing, NJ	3.84%	101% of OPB	3.30% for A and B	Responsive

June 28, 2005 4:00pm
Cinnaminson Board of Education(BQ)
$165,000 5-yr School Vehicles

Respondent	Federal Reserve H.15 Statistical Release Rate (Index)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Banc of America Leasing, CA	4.14%	101% of OPB	3.14%	Responsive; Recommended
First Hope Bank, A National Banking Association	4.29%	100% of OPB	3.19%	Responsive
Chase Equipment Leasing, Inc	4.29%	102% of OPB	3.25%	Responsive
Commerce Commercial Leasing, LLC, NJ	4.14%	101% of OPB	3.30%	Responsive
Baystone Financial Group, KS	4.17%	100% of OPB	4.34%	Responsive
Central Atlantic Leasing, Corp.	4.29%	102% of OPB	4.65%	Responsive

June 27, 2005 2:00pm
New Milford Board of Education(BQ)
$185,0005-yr Wide Area Network (WAN)

Respondent	Federal Reserve H.15 Statistical Release Rate (Index)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
First Hope Bank, A National Banking Association	4.29%	100% of OPB	3.14%	Responsive; Recommended
Chase Equipment Leasing, Inc. NY	4.29%	102% of OPB	3.25%	Responsive
Commerce Commercial Leasing	4.32%	100% of OPB	3.31%	Responsive
Banc of America Leasing	4.17%	NA	3.38%	Responsive
Central Atlantic Leasing Corp. NJ	4.29%	102% of OPB	4.45%	Responsive
Baystone Financial Group, KS	4.17%	100% of OPB	4.57%	Responsive

June 27, 2005, 2:00pm
Moorestown Township Board of Education (BQ)
$1,250,000 5-yr InstructionalTechnology

Respondent	Federal Reserve H.15 Statistical Release Rate(for index if needed)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Chase Equipment Leasing Inc.	4.23%	100% of OPB	3.04%	Responsive; Recommended
Commerce Commercial Leasing	4.12%	101% of OPB	3.05%	Responsive
Banc of America Leasing & CApital, LLC, CA	4.23%	101% of OPB	3.12%	Responsive4
Central Atlantic Leasing Corp. NJ	4.23%	102% of OPB	4.65%	Responsive

Montgomery Towship Board of Education(BQ)
$2,707,811. 4-year Lease of Technology & Vehicles and assorted Equipment

Respondent	Federal Reserve H.15 Statistical Release Rate(for index if needed)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Citimortgage, Inc., NY	4.24% for 4yrs. as of 06/15/05	100% of OPB	3.03%	Responsive; Recommended
Banc of America Leasing & Capital, Inc. NY	4.23% for 4yrs. as of 06/20/05	100.5% of OPB	3.061%	Responsive
PNC Bank, NA, PA	4.20% for 4yrs. as of 06/20/05	100% of OPB	3.09%	Non-Responsive (no NJ Bus. Reg. Cert.)
Chase Equipment Leasing Inc. NY	4.17% for 4 yrs. as of 06/20/05	100% of OPB	3.11%	Responsive

Commerce Commercial Leasing, LLC, NJ

4016% for 24yrs. as of 06/10/05

100% of OPB

3.34%

Responsive

NPV= $419,872.06

June 21, 2005 6:00pm
Secaucus Board of Education (BQ)
$331,000 4-yr School Buses, Technology, Music Room Furniture, and Related Equipment

Respondent	Federal Reserve H.15 Statistical Release Rate(for index if needed)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Commerce Bank/North, NJ	4.09%	100% of OPB	3.04%	Responsive; Recommended
Chase equipment Leasing	3.75%	100% of OPB	3.13%	Responsive
Banc of America Leasing & Capital	4.23%	101% of OPB	3.33%	Responsive

June 21, 2005, 2:00pm
Glen Rock Board of Education (BQ)
$582,029.48 NPV 3-yr InstructionalTechnology

Respondent	Federal Reserve H.15 Statistical Release Rate(for index if needed)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Chase Equipment Leasing Inc.	3.67%	101% of OPB	3.12%	Responsive; Recommended NPV= $582,029.48
Banc of America Leasing & Capital, LLC	2.00%	101% of OPB	3.35%	Responsive NPV= $580,761.66
Commerce Commercial Leasing	4.19%	100% of OPB	3.38%	Responsive NPV=$580,596.84
Baystone Financial Group, KS	4.19%	100% of OPB	3.79%	Responsive NPV=$578,357.06

June 20, 2005 2:00pm
Howell Township Board of Education(BQ)
$6,200,000 5-yr Various equpiment & Projects

Respondent	Federal Reserve H.15 Statistical Release Rate (Index)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Commerce Commercial Leasing, LLC	4.3%	100% of OPB	3.08%	Responsive; Recommended
Citimortgage, CitiBank, NY	4.24%	100% of OPB	3.10%	Responsive
Banc of America Leasing & Capital, LLC	4.15%	100.5% of OPB	3.1603%	Responsive
Chase Equipment Leasing, Inc. NY	4.15%	100% of OPB	3.18%	Responsive
PNC Bank, NA, PA	4.21%	100% of OPB	3.54%	Responsive
Koch Financial Corporation, AZ	3.90%	102% of OPB	3.55%	Responsive

June 16, 2005 Harrison Township Board of Education (BQ)
$370,000 4-year Lease of Technology & Vehicles

Respondent	Federal Reserve H.15 Statistical Release Rate(for index if needed)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Banc of America Leasing & Capital, LLC	4.09%	101% of OPB	3.1474%	Responsive; Recommended
Chase EquipmentLeasing, NY	4.09%	101% of OPB	3.17%	Responsive

City of Summit Board of Education(BQ)
$423,660.73 NPV 4-year Lease of Technology & Vehicles

Respondent	Federal Reserve H.15 Statistical Release Rate(for index if needed)	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate Bid:	Recommendation
Banc of America Leasing & Capital, Inc. NY	4.29% for 4yrs. as of 06/06/05	101% of OPB	3.11%	Responsive; Recommended NPV= $423,660.73
Chase Equipment Leasing, Inc. NY	4.09% for 4yrs. as of 06/06/05	101% of OPB	3.15%	Responsive NPV= $423,342.33
Commerce Bank, Commerce Commercial Leasing, NJ	4.16% for 4yrs. as of 06/06/05	100% of OPB	3.18%	Responsive NPV=$423,103.85
First Hope Bank, NA, NJ	None Stated	100% of OPB	3.31%	Responsive NPV=$422,073.63

Lasalle Bank National Association, OH

3.87% for 2 yrs. as of 06/06/05

101% of OPB

3.59%

Responsive

NPV= $419,872.06

June 14, 2005, 2:00pm
Ridgewood Board of Education (BQ)
$541,649.81 5-yr NPV for Instructional Technology and Fiber Network

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance)
Rate Bid:
Recommendation

Chase Equipment Leasing, Inc. NY 4.23% for 5 yrs. as of 06/06/05 100% of OPB 3.08%
Responsive; Recommended

NPV= $541,649.81

Commerce Bank N.A., NJ 3.37% for 3 yrs. as of 06/06/05 100% of OPB 3.32%
Non-Responsive

NPV= $539,215.31

Valley Commercial Capital, LLC, NJ 4.23% for 5 yrs. as of 06/06/05 100% of OPB 3.55%
Responsive

NPV=536,903.21

Lasalle Bank National Association, OH 3.87% for 2 yrs. as of 06/06/05 101% of OPB 3.59%
Responsive

NPV=$536,503.18

Baystone Financial Group, KS 4.08% for 4 yrs. as of 06/06/05 P.O. penalty calculated by discounting the remaining pmt. stream at 3.7% 4.19%
Responsive

NPV= $530,575.50

June 9, 2005, 2:00pm
Audubon Board of Education (BQ)
$90,000 3-yr Technology

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance)
Rate Bid:
Recommendation

Commerce Bank N.A., NJ 3.99% 0% of OPB 3.33% Responsive; Recommended

Central Atlantic Leasing Corp., NJ 3.95% 102% of OPB 3.95% Responsive

SunTrust Leasing Corporation, MD 3.99% NA 4.19% Responsive

Baystone Financial Group, KS 4.01% 100% of OPB 4.79% Responsive

June 9, 2005 2:00pm
Mount Olive Township Board of Education(BQ)
$238,484.01 3-yr Buses

Respondent
Federal Reserve H.15 Statistical Release Rate (Index)
Purchase Option Penalty (OPB= Outstanding Principal Balance)
Rate Bid:
Recommendation

Chase Equipment Leasing, Inc. NY

4.1%
100% of OPB
3.01%

Responsive;

Recommended

June 8, 2005 2:00pm
North Hunterdon-Vorhees Regional Board of Education(BQ)
NPV $399,221.35 3-yr Technology 5yr $164,534 Buses

Respondent
Federal Reserve H.15 Statistical Release Rate (Index)
Purchase Option Penalty (OPB= Outstanding Principal Balance)
Rate Bid:
Recommendation

Chase Equipment Leasing, Inc. NY

4.10%:3yr

4.23%:5yr
100% of OPB
2.98%:3yr

3.05%:5yr

(yield 3.01%)

Responsive; Recommended

NPV=$399,221.53

Peapack-Gladstone Bank, NJ
3.95%:3yr

4.07%:5yr
100% of OPB
2.95%: 3yr

3.20%:5yr

(yield 3.06%)

Responsive

NPV=$399,335.41

Banc of America Leasing & Capital, LLC

3.86%:3yr

4.01%:5yr
101% of OPB
3.20%:3yr

3.40%:5yr

Responsive

NPV=$398,387.54

Commerce Commercial Leasing, LLC

NJ

3.36%:3yr

3.73%:5yr
100% of OPB
3.18%:3yr

3.34%:5yr

Non-Responsive

NPV= $398,463.14

June 8, 2005 2:00pm
Brick Township Board of Education(BQ)
$2,000,000 4.3-yr Technology & Buses

Respondent Federal Reserve H.15 Statistical Release Rate (Index) Purchase Option Penalty (OPB= Outstanding Principal Balance)
Rate Bid:
Recommendation

Banc of America Leasing & Capital, LLC

CA
4.07% 101% of OPB 3.0139% Responsive; Recommended

Chase Equipment Leasing, Inc. NY 4.23% 100% of OPB 3.02% Responsive

Citimortgage Inc. NY 4.01% 101% of OPB 3.02% Responsive

All Points Capital Corp., NY

4.23% 100% of OPB 3.14% Responsive

Commerce Commercial Leasing, LLC

NJ
3.63% 100% of OPB 3.18% Responsive

LaSalle National Leasing, OH 4.01% 101% of OPB 3.61% Responsive

Key Government Finance, Inc., CO 4.24% 101% of OPB 3.646% Responsive

June 2, 2005 2:00pm
Bridgewater-Raritan Regional Board of Education(BQ)
NPV $728,159.54 3-yr Technology

Respondent Federal Reserve H.15 Statistical Release Rate (Index) Purchase Option Penalty (OPB= Outstanding Principal Balance)
Rate Bid:
Recommendation

Chase Equipment Leasing, Inc. 4.10% 100% of OPB 3.03% Responsive; Recommended

Banc of America Leasing & Capital, LLC 3.99% 101% of OPB 3.0321% Responsive

All Points Capital Corp., NY 3.99% 101% of OPB 3.089% Responsive

Commerce Commercial Leasing, LLC 4.14% 100% of OPB 3.18% Responsive

LaSalle Bank National Association, IL 3.81% 101% of OPB 3.45% Responsive

May 24, 2005 2:00pm
Berkeley Heights Board of Education (BQ)
$1,050,000 5-yr Misc. Equipment, Vehicles & Textbooks

Respondent Federal Reserve H.15 Statistical Release Rate (Index) Purchase Option Penalty (OPB= Outstanding Principal Balance)
Rate Bid:
Recommendation

Chase Equipment Leasing, Inc. 4.18% 100% of OPB 3.08% Responsive; Recommended

All Points Capital Corp., NY 4.23% 100% of OPB 3.276% Responsive

Banc of America Leasing & Capital, LLC 4.18% 101% of OPB 3.2795% Responsive

Commerce Commercial Leasing, LLC 4.22% 100% of OPB 3.34% Responsive
LaSalle Bank National Association, IL 4.02% 101% of OPB 3.68% Responsive

Baystone Financial Group, KS 4.14% Undisclosed, declining. 3.863% Responsive

March 15, 2005 2:00pm
Willingboro Board of Education (BQ)
$699,080 5-yr Misc. Equipment & Textbooks

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance)
Rate Bid:
Recommendation

Commerce Commercial Leasing, LLC, NJ 4.28% 101% of OPB 3.51% Responsive; Recommended

SunTrust Leasing Corp., MD 4.09% 100% of OPB 3.56% Responsive

JP Morgan Chase, NY 4.38% 102% of OPB 3.66% Responsive

LaSalle National Leasing Corp., OH 4.14% 101% of OPB 3.75% Responsive

Central Atlantic Leasing Corp., NJ 4.27% 100% of OPB 3.90% Responsive

March 15, 2005 2:00pm
Metuchen Borough Board of Education (NBQ)
$600,000 5-yr Real Property/Ground Lease

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance)
Rate Bid:
Recommendation

Commerce Commercial Leasing, LLC, NJ 4.36% 100% of OPB 3.69% Responsive; Recommended

All Points Capital Corp., NY 4.49% 101% of OPB 4.00%,4.00%,3.65% Responsive

Koch Financial Corporation, AZ 4.13% 102% of OPB 4.72%,4.40%,4.11% Responsive

February 3, 2005 2:00pm
Rutherford Borough Board of Education (BQ)
$450,000 5-yr Wide Area Network

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance)
Rate Bid:
Recommendation

Chase Equipment Leasing Inc. NY 4.08% 100% of OPB 3.089% Responsive; Recommended

First Hope Bank, NJ 4.08% 100% of OPB 3.32% Responsive

Bank of America/Sun Trust, NJ MD 4.12% 102% of OPB 3.47% Responsive

Central Atlantic Leasing Corp., NJ 4.09% 102% of OPB 4.55% Responsive

February 2, 2005 2:00pm
Jackson Township Board of Education (BQ)
$1,300,000 3-yr, School Buses & Software

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance)
Rate Bid:
Recommendation

Chase Equipment Leasing, NY 3.78% 100% of OPB 2.91% Responsive; Recommended

Banc of America Leasing, CA 3.79% 101% of OPB 2.97% Responsive

Carlyle Financial Services, Inc. TX 3.79% 102% of OPB 3.1186% Responsive

Sun Trust Leasing Corp. MD 3.99% 105% of OPB 3.186% Responsive

Commerce Commercial Leasing, LLC, NJ 3.79% 100% of OPB 3.20% Responsive

First Hope Bank, NJ 3.79% 100% of OPB 3.22% Responsive

Central Atlantic Leasing Corp. NJ 3.79% 102% of OPB 3.55% Responsive

January 18, 2005 2:00pm
South Plainfield Board of Education (BQ)
Mixed Taxable/Tax-exempt:
$965,000 5-yr taxable sale & leaseback of textbooks,
$652,575 5-yr taxexempt new textbooks, vehicles, equipment

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance)
Rate Bid: taxable; tax-exempt
Recommendation

Commerce Commercial Leasing, LLC 4.11% 101% of OPB 4.75% 3.15% Responsive; Recommended

J.P. Morgan Leasing, Inc., NY 4.08% 102% of OPB NO BID 3.15% Responsive

National City Municipal Finance, OH 3.75% 102% of OPB NO BID 3.63% Non-Responsive

Central Atlantic Leasing Corp., NJ 4.08% 102% of OPB 5.49% 3.93% Responsive

FoxHill Leasing & Financial Services, Inc Undisclosed Undisclosed 5.67% 5.67% Non-Responsive

Carlyle Financial Services, TX --- --- NO BID ---

October 28, 2004 2:00pm
City of Summit Board of Education (BQ)
$698,000 5-yr Energy Conservation Lease,

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance)
Rate Bid
Recommendation

PNC Bank, N.A., NJ 3.64% 101% of OPB 2.75% Responsive; Recommended

J.P. Morgan Leasing, Inc., NY 3.70% 102% of OPB 2.846% Responsive

Commerce Commercial Leasing, NJ 3.69% 101% of OPB 2.97% Responsive

Central Atlantic Leasing Corp., NJ 3.70% 102% of OPB 4.45% Responsive

October 12, 2004 2:00pm
Ramapo Indian Hills Regional High School District Board of Education (BQ)
$470,000 3-yr Equipment Lease,

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance)
Rate Bid
Recommendation

First Hope Bank, NJ Undisclosed 100% of OPB 2.60%/2.80%/2.98% Responsive; Recommended for 3-yr term

J.P. Morgan Leasing, Inc., NY 3.28%/3.55%/3.77% 102% of OPB 2.606%/2.866%/3.10% Responsive

LaSalle National Bank, OH 3.0%/3.36%/3.36% 101% of OPB 3.03%/3.17%/3.30% Responsive

Central Atlantic Leasing Corp., NJ 3.28%/3.55%/3.77% 102% of OPB 2.85%/3.15%/3.65% Responsive

Bank of America/SunTrust Leasing Corp, NJ/MD 3.28%/3.55%/3.77% 102% of OPB 3.077%/3.22%/3.384% Responsive

September 14, 2004 2:00pm
Town of Kearny Board of Education (BQ)
$1,850,000 5-yr Ground Lease,

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance)
Rate Bid
Recommendation

Commerce Bank/North, NJ 3.84% 100% of OPB 2.98% Responsive; Recommended

LaSalle National Bank, OH 3.37% 102% of OPB 3.20% Responsive

Central Atlantic Leasing Corp., NJ 3.84% 102% of OPB 4.25% Responsive

September 9, 2004 2:00pm
Jefferson Township Board of Education (BQ)
$1,356,000 4-yr Lease for Buses,

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance)
Rate Bid
Recommendation

J.P. Morgan Leasing, Inc., NY 3.57% 100% of OPB 2.746% Responsive; Recommended

Commerce Commercial Leasing, NJ 3.37% 101% of OPB 2.82% Non-Responsive

Fleet Bank/Bank of America/SunTrust Leasing Corporation, NJ 3.80% 102% of OPB 3.248% Responsive

Central Atlantic Leasing Corp., NJ 3.61% 102% of OPB 4.10% Responsive

September 8, 2004 4:00pm
Bordentown Regional Board of Education (BQ)
$189,000 2-yr Lease for Buses

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance)
Rate Bid
Recommendation

J.P. Morgan Leasing, Inc. 2.31% 100% of OPB 2.40% Responsive; Recommended

Central Atlantic Leasing Corp., NJ 2.86% 102% of OPB 3.20% Responsive

August 19, 2004 2:00pm
Winslow Township Board of Education (BQ)
$1,500,000 4-yr Lease for Buses & New Textbooks,

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance)
Rate Bid
Recommendation

Bank of America Leasing & Capital, LLC 3.92% 101% of OPB 2.93% Responsive; Recommended

Commerce Bank, NJ 3.53% 100% of OPB 3.25% Responsive

Central Atlantic Leasing Corp., NJ 3.64% 102% of OPB 3.60% Responsive

August 18, 2004 2:00pm
Howell Township Board of Education (BQ)
$2,170,000 5-yr Lease for Buses & Technology,

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance)
Rate Bid
Recommendation

J.P. Morgan Leasing, Inc., NY 4.08% 100% of OPB 2.84% Responsive; Recommended

Commerce Bank, NJ 4.09% 100% of OPB 2.90% Responsive

Bank of American Leasing & Capital, LLC, CT 3.88% 101% of OPB 2.966% Responsive

Municipal Capital Corporation/SunTrust Leasing, PA/MD 3.92% 102% of OPB 3.037% Responsive

Central Atlantic Leasing Corp., NJ 3.92% 102% of OPB 4.050% Responsive

PNC Bank, NJ 3.96% 101% of OPB 3.13% Responsive

August 12, 2004 2:00pm
Delran Township Board of Education (BQ)
$650,000 4-yr Lease for Technology & Real Property Improvements,

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed)3-yr/4-yr/5-yr Purchase Option Penalty (OPB= Outstanding Principal Balance)
Rate Bid
Recommendation

J.P. Morgan Leasing, Inc., NY 4.08% 100% of OPB 3.24% Responsive; Recommended

LaSalle Bank National Association, OH 3.22% 101% of OPB 3.27% Responsive

First Hope Bank, NJ ND 100% of OPB 3.47% Responsive

Fleeet Bank/Bank of America/SunTrust Leasing, NJ/CA/MD 4.11% 102% of OPB 3.616% Responsive

Central Atlantic Leasing Corp., NJ 4.26% 102% of OPB 4.05% Responsive

Commerce Bank NA, NJ 4.11% 101% of OPB 3.35% Responsive

August 10, 2004 2:00pm
Freehold Township Board of Education (BQ)
$1,522,000 Technology, Buses, Copiers, Misc. Equipment,

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed)3-yr/4-yr/5-yr Purchase Option Penalty (OPB= Outstanding Principal Balance)
Rate Bid 2-yr/4-yr
Recommendation

J.P. Morgan Leasing, Inc., NY 3.17%/3.99% 100% of OPB 2.53%/2.76% Responsive; Recommended

Municipal Capital Corp/SunTrust Leasing, PA/MD 3.49%/4.11% 102% of OPB 2.49%/2.91% Responsive

Bank of America Leasing & Capital LLC, CT 3.49%/4.11% 101% of OPB 2.85%/3.28% Responsive

Central Atlantic Leasing Corp., NJ 3.17%/3.99% 102% of OPB 3.20%/3.60% Responsive

Commerce Bank NA, NJ 3.46%/4.08% 100% of OPB 3.16%/3.16% Responsive

July 30, 2004 2:00pm
Verona Board of Education (BQ)
$650,000 (3-yr, 4-yr and 5-yr Schedules) Technology, Software, Copiers & Refinancings,

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed)3-yr/4-yr/5-yr Purchase Option Penalty (OPB= Outstanding Principal Balance)
Rate Bid 3-yr/4-yr/5-yr/
Recommendation

Commerce Bank/North 3.52% /3.86%/ 4.13% 100% of OPB 2.68%/ 2.80%/ 2.93% Responsive; Recommended

J.P. Morgan Leasing Inc. 3.47%/ 3.83%/ 4.12% 102% of OPB 2.87%/ 3.14%/ 3.36% Responsive

Fleet/ Bank of America (& Suntrust Leasing) 3.55%/ 3.90%/ 4.17% 102% of OPB 3.111%/ 3.331%/ 3.503% Responsive

July 15, 2004 7:00pm
Washington Township Board of Education (BQ)
$1,289,000 3-yr Textbooks &Misc. Equipment,

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Bid Recommendation

Banc of America Leasing & Capital LLC, CA 3.44% 101% of OPB 2.73% Responsive; Recommended

LaSalle National Leasing Corporation, IL 2.95% 102% of OPB 2.73% Responsive

Central Atlantic Leasing Corp. 3.82% 102% of OPB 3.20% Responsive

July 14, 2004 7:00pm
Secaucus Board of Education (BQ)
$1,221,000 5-yr Misc. Equipment,

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Bid Recommendation

Banc of America Leasing & Capital LLC, CA 4.11% 101% of OPB 2.89% Responsive; Recommended

Commerce Commercial Leasing, LLC, NJ 4.30% 100% of OPB 2.95% Responsive

J.P. Morgan Leasing Inc., NY 4.11% 100% of OPB 3.056% Responsive

LaSalle National Leasing Corporation, IL 3.44% 102% of OPB 3.27% Responsive

Central Atlantic Leasing Corp. 4.11% 102% of OPB 4.05% Responsive

July 14, 2004 2:00pm
Scotch Plains-Fanwood Board of Education (BQ)
$550,000 4-yr Computers & Misc. Equipment,

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Bid Recommendation

JP Morgan Leasing, Inc. 3.82% 100% of OPB 2.65% Responsive; Recommended

Commerce Commercial Leasing, LLC 3.44% 101% of OPB 2.81% Responsive

Fleet/Banc of America/SunTrust Leasing Corp., NJ/MD 3.99% 102% of OPB 2.955% Responsive

Central Atlantic Leasing Corp. 3.82% 102% of OPB 3.60% Responsive

July 8, 2004 2:00pm
Roselle Park Township Board of Education (BQ)
$553,000 4-yr Computers, Science Lab, Gym Bleachers, Mat Racks & Textbooks,

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Bid Recommendation

JP Morgan Leasing, Inc. 4.02% 100% of OPB 2.87% Responsive; Recommended

Commerce Commercial Leasing, LLC 3.78% 101% of OPB 2.98% Responsive

Central Atlantic Leasing Corp. 4.02% 102% of OPB 3.60% Responsive

July 7, 2004 2:00pm
Moorestown Township Board of Education (BQ)
$910,703 5-yr Financing of Technology & Equipment

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Bid Recommendation

J.P. Morgan Leasing, NJ 4.07% 100% of OPB 2.839% Responsive; Recommended

LaSalle National Leasing Corporation, NJ 2.929% 102% of OPB 2.95% Responsive

Fleet/Bank of America/SunTrust Leasing Corporation, NJ/MD 4.29% 102% of OPB 3.099% Responsive

Citimortgage, Inc., NY 3.61% 103% of OPB 3.16% Responsive

Commerce Commercial Leasing, LLC NJ 3.99% 101% of OPB 3.40% Responsive

Central Atlantic Leasing, NJ 4.36% 102% of OPB 3.95% Responsive

June 30, 2004 2:00pm
Ewing Township Board of Education (NBQ)
$1,000,000 5-yr Financing of Textbooks, Computers & Misc. Equipment

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Bid Recommendation

Commerce Commercial leasing, LLC 4.34% 101% of OPB 3.01% Responsive; Recommended

Citimortgage, Inc. 3.27% 103% of OPB for first three years 3.28% Responsive

Banc of America Leasing & Capital, LLC CA 4.36% 101% of OPB 3.38% Responsive

Carlyle Financial Services, Inc. TX 3.67% 101% of OPB 3.76% Responsive

Koch Financial Corporation 3.97% 102% of OPB 3.84% Responsive

June 29, 2004 1:00pm
Lambertville Board of Education (BQ)
$22,000 3-yr Financing of Technology

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Bid Recommendation

Central Atlantic Leasing Corp., NJ 3.70% 102% of OPB 2.95% Responsive; Recommended

Bank of America/Fleet/SunTrust Leasing Corporation, NJ/MD 3.63% 100% of OPB 6.21% Responsive

June 2, 2004 2:00pm
North Hunterdon-Voorhees Regional Board of Education (BQ)
$449,000 Mixed 3&5-yr Financing of Technology & Vehicles

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Bid Recommendation

J.P. Morgan Leasing, NY 3.77%/4.15% 100% of OPB 2.60%/3.02% Responsive; Recommended

PNC Bank, NJ 3.63%/4.29% 101% of OPB 2.75%/3.10% Responsive

Central Atlantic Leasing Corp., NJ 3.77%%/4.43% 102% of OPB 2.95%/3.95% Responsive

Fleet/Bank of America/SunTrust Leasing Corporation, NJ/MD 3.80%/4.44% 102% of OPB 2.776%/3.32% Responsive

Commerce Bank, NJ 3.70%/4.36% 101% of OPB 2.82%/3.16% Responsive

Peapack-Gladstone Bank, NJ 3.74%/4.44% 100% of OPB 2.99%/3.55 Responsive

June 24, 2004 2:00pm
Ridgewood Board of Education (BQ)
$536,000 4-yr Financing of Technology

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Bid Recommendation

Valley Commercial Capital, NJ 4.17% 100% of OPB 2.40% Responsive; Recommended

J.P. Morgan Leasing, NY 4.15% 100% of OPB 3.00% Responsive

Central Atlantic Leasing Corp., NJ 4.43% 102% of OPB 3.95% Responsive

Fleet/Bank of America/SunTrust Leasing Corporation, NJ/MD 4.44% 102% of OPB 3.252% Responsive

Commerce Bank, NJ 4.11% 100% of OPB 3.21% Responsive

Mercantile Capital Group/SunTrust Leasing Corporation, PA 3.17% 102% of OPB 3.147% Responsive

June 12, 2004 2:00pm
City of Summit Board of Education (BQ)
$450,000 4-yr Financing of Technology

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Bid Recommendation

PNC Bank, NJ 4.17% 101% of OPB 2.97% Responsive; Recommended

J.P. Morgan Leasing, NY 4.13% 100% of OPB 2.974% Responsive

Central Atlantic Leasing Corp., NJ 4.13% 102% of OPB 3.49% Responsive

Fleet/Bank of America/SunTrust Leasing Corporation, NJ/MD 4.48% 102% of OPB 3.273% Responsive

Commerce Bank, NJ 4.17% 101% of OPB 2.98% Responsive

Mercantile Capital Group, PA 3.17% 102% of OPB 3.12% Responsive

June 17, 2004 2:00pm
Branchburg Township Board of Education (BQ)
$1,800,000 5-yr Financing of Energy Conservation Measures & Vehicles

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Bid Recommendation

Commerce Commercial Leasing, LLC, NJ 4.42% 101% of OPB 3.16% Responsive; Recommended

J.P. Morgan Leasing, NY 4.45% 102% of OPB 3.2856% Responsive

Central Atlantic Leasing Corp., NJ 4.45% 102% of OPB 3.95% Responsive

Fleet/Bank of America/SunTrust Leasing Corporation, NJ/MD 4.48% 102% of OPB 4.029% Part B Only Responsive

June 17, 2004 2:00pm
Livingston Township Board of Education (BQ)
$750,000 5-yr Financing of Various Equipment & Projects

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Bid Recommendation

Commerce Bank North, NJ 4.45% 100% of OPB 2.95% Responsive; Recommended

First Hope Bank, NJ Undisclosed 100% of OPB 3.248% Responsive

J.P. Morgan Leasing, NY 4.45% 100% of OPB 3.2189% Responsive

Central Atlantic Leasing Corp., NJ 4.45% 102% of OPB 3.95% Responsive

Fleet/Bank of America/SunTrust Leasing Corporation, NJ/MD 4.48% 102% of OPB 3.774% Responsive

PNC Bank, NJ 4.44% 101% of OPB 3.12% Responsive

June 17, 2004 1:00pm
Old Bridge Board of Education (BQ)
$1,048,000 3-yr Financing of Technology

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Bid Recommendation

J.P. Morgan Leasing, Inc., NY 3.71% 100% of OPB 2.749% Responsive; Recommended

Bank of America/Fleet/SunTrust Leasing Corporation, NJ/MD 3.71% 101% of OPB 2.76% Responsive

Commerce Commercial Leasing, LLC, NJ 3.68% 101% of OPB 2.90% Responsive

LaSalle Bank National Association, IL 3.30% 102% of OPB 3.15 Responsive

June 16, 2004 2:00pm
Black Horse Pike Regional Board of Education (BQ)
$1,500,000 (TAXABLE) 5-yr Sale & Leasback of Textbooks

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Bid Recommendation

Commerce Commercial Leasing, LLC, NJ 4.45% 100% of OPB 3.01% Bid Withdrawn

Central Atlantic Leasing Corp., NJ 4.37% 102% of OPB 5.53% Responsive Recommended

June 16, 2004 2:00pm
North Plainfield Board of Education (BQ)
NPV est. $283,000 5-yr Financing of Vehicles

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Bid Recommendation

Commerce Commercial Leasing, LLC 4.42% 101% of OPB 3.16% Responsive; Recommended

First Hope Bank, NJ Undisclosed 100% of OPB 3.24% Responsive

J.P. Morgan Leasing 4.37% 100% of OPB 3.346% Responsive

Central Atlantic Leasing Corp., NJ 4.45% 102% of OPB 3.95 Responsive

Fleet/Bank of America/SunTrust Leasing Corporation, NJ/MD 4.48% 102% of OPB 3.994% Responsive

June 15, 2004 2:00pm
Mount Olive Township Board of Education (BQ)
$558,000 5-yr Financing of Vehicles

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Bid Recommendation

Carlyle Financial Services, TX/b> 3.22% 102% of OPB 3.23% Responsive; Recommended

Mercantile Capital Group/SunTrust Leasing Corp., PA/MD> Non-Conforming 101% of OPB 3.383% Responsive

Commerce Bank, NJ 4.42% 101% of OPB 3.33% Responsive

Fleet Bank (BOA)/SunTrust Leasing Corporation, NJ/MD 4.37% 102% of OPB 3.457% Responsive

Comerica Leasing Corporation, CA 4.05% 100% of OPB 3.62% Responsive

June 10, 2004 2:00pm
Hillsborough Board of Education (BQ)
$570,000 3-yr Financing of Technology

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Bid Recommendation

Peapack-Gladstone Bank, NJ/b> 2.90% 100% of OPB 2.32% Responsive; Recommended

PNC Bank, NJ/b> 3.10% 101% of OPB 2.35% Responsive

Commerce Bank, NJ 3.68% 101% of OPB 2.95% Responsive

Fleet Bank (BOA)/SunTrust Leasing Corporation, NJ/MD 3.62% 102% of OPB 2.777% Responsive

J.P. Morgan Leasing Inc. 3.62% 102% of OPB 2.80% Responsive

Comerica Leasing Corporation, CA 3.04% 100% of OPB 2.949% Responsive

Central Atlantic Leasing Corp., NJ 3.62% 102% of OPB 2.95 Responsive

June 10, 2004 1:00pm
Bridgewater-Raritan Regional Board of Education (BQ)
$831,000 2 or 3-yr Financing of Technology, Vehicles & Instruments

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Bid 2-yr/3-yr Recommendation

PNC Bank, NJ/b> 3.10%/3.68% 101% of OPB 2.35%/2.65% Responsive; Recommended

La Salle National Leasing Corporation, IL 2.10%/NO BID 102% of OPB 2.54%/NO BID Responsive

Fleet Bank (BOA)/SunTrust Leasing Corporation, NJ/MD 3.62%/4.05% 102% of OPB 2.632%/2.837% Responsive

J.P. Morgan Leasing Inc. 3.04%/3.62% 102% of OPB 2.70%/2.80% Responsive

Comerica Leasing Corporation, CA 3.04%/3.62% 100% of OPB 2.949%/3.185% Responsive

Commerce Commercial Leasing, LLC, NJ 3.10%/3.68% 101% of OPB 2.95%/2.95% Responsive

Central Atlantic Leasing Corp., NJ 3.04%/3.62% 102% of OPB 2.95%/2.95 Responsive

June 8, 2004 2:00pm
Medford Township Board of Education (BQ)
$600,000 5-yr Financing of Vehicles

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Bid Recommendation

J.P. Morgan Leasing, NY/b> 4.31% 100% of OPB 3.046% Responsive; Recommended

Commerce Bank, NJ 4.45% 101% of OPB 3.40% Responsive

Fleet Bank (BOA)/SunTrust Leasing Corporation, NJ/MD 4.23% 102% of OPB 3.553% Responsive

Central Atlantic Leasing Corp., NJ 4.31% 102% of OPB 3.95% Responsive

May 27, 2004 2:00pm
North Plainfield Board of Education (BQ)
$2,600,000 5-yr Financing of Energy Conservation Measures

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Bid Recommendation

PNC Bank, NJ 4.41% 100% of OPB 2.98% Responsive; Recommended

J.P. Morgan Leasing, NY 4.35% 102% of OPB 3.06% Responsive

Carlyle Financial Services, Inc., TX 3.56% 102% of OPB 3.148% Responsive

Central Atlantic Leasing Corp., NJ 4.46% 102% of OPB 3.95% Responsive

Bank of America, CA 4.35% 101% of OPB 3.12% Responsive

Commerce Commercial Leasing, Inc. 4.31% 101% of OPB 3.16% Responsive

May 25, 2004 2:00pm
Caldwell-West Caldwell Board of Education (BQ)
$300,000 5-yr Financing of School Vehicles

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Bid Recommendation

PNC Bank, NJ 4.36% 101% of OPB 2.99% Responsive; Recommended

J.P. Morgan Leasing, NY 4.46% 102% of OPB 3.18% Responsive

Fleet Bank/SunTrust Leasing, NJ/MD 4.20% 102% of OPB 3.25% Responsive

Central Atlantic Leasing Corp., NJ 4.46% 102% of OPB 3.95% Responsive

May 21, 2004 2:00pm
Harding Township Board of Education (BQ)
$293,000 5-yr Financing of Energy Conservation

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Bid Recommendation

Commerce Commercial Leasing, NJ 4.43% 101% of OPB 2.82% Responsive; Recommended

PNC Bank, NJ 4.35% 102% of OPB 3.04% Responsive

J.P. Morgan Leasing, NY 4.18% 100% of OPB 3.366% Responsive

Fleet Bank/SunTrust Leasing, NJ/MD 4.48% 102% of OPB 3.59% Responsive

Central Atlantic Leasing Corp., NJ 4.46% 102% of OPB 3.95% Responsive

May 20, 2004 2:00pm
Berkeley Heights Board of Education (BQ)
$560,000 5-yr Financing of Technology, Vehicles & Misc. Equipment

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Bid Recommendation

Commerce Commercial Leasing, NJ 4.43% 101% of OPB 2.82% Responsive; Recommended

PNC Bank, NJ 4.32% 102% of OPB 3.20% Responsive

LaSalle National Bank, IL 3.51% 102% of OPB 3.25% Responsive

J.P. Morgan Leasing, NY 4.18% 100% of OPB 3.334% Responsive

Fleet Bank/SunTrust Leasing, NJ/MD 4.48% 102% of OPB 3.348% Responsive

Central Atlantic Leasing Corp., NJ 4.46% 102% of OPB 3.95% Responsive

Comerica Leasing Corporation, CA 4.46% 102% of OPB 3.65% Responsive

May 18, 2004 2:00pm
Montgomery Township Board of Education (BQ)
$497,000 4-yr Financing of Vehicles & Misc. Equipment

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Bid Recommendation

Commerce Commercial Leasing, NJ 4.43% 101% of OPB 2.82% Responsive; Recommended

PNC Bank, NJ 4.09% 102% of OPB 3.225% Responsive

J.P. Morgan Leasing, NY 3.67% 100% of OPB 3.02% Responsive

Fleet Bank/SunTrust Leasing, NJ/MD 4.20% 102% of OPB 3.451% Responsive

Central Atlantic Leasing Corp., NJ 4.18% 102% of OPB 3.95% Responsive

Comerica Leasing Corporation, CA 3.83% 102% of OPB 3.51% Responsive

May 10, 2004 2:00pm
Ridgefield Board of Education (BQ)
$2,500,000 4-yr Financing of Temporary Classroom Units

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Bid Recommendation

La Salle National Bank, IL 3.29% 102% of OPB 2.94% Responsive; Recommended

National City Bank, OH 3.75% 102% of OPB 3.2198% Responsive

J.P. Morgan Leasing, NY 3.67% 100% of OPB 3.20% Responsive

Bank of America, CA 3.67% 101% of OPB 3.14% Responsive

Central Atlantic Leasing Corp., NJ 3.67% 102% of OPB 3.49% Responsive

Municipal Capital Corporation, PA 3.73% 102% of OPB 3.09% Responsive

PNC Bank, NJ 3.76% 101% of OPB 3.04% Responsive

Commerce Bank, NJ 3.70% 100% of OPB 3.08% Responsive

May 6, 2004 2:00pm
Rutherford Board of Education (BQ)
$650,000 5-yr Financing of Energy & Musical Instruments

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Bid Recommendation

Commerce Bank, NJ 4.09% 100% of OPB 3.13% Responsive; Recommended

National City Bank, OH 4.09% 102% of OPB 3.23% Responsive

J.P. Morgan Leasing, NY 4.01% 100% of OPB 3.266% Responsive

Bank of America, CA 4.09% 101% of OPB 3.66% Responsive

Central Atlantic Leasing Corp., NJ 4.01% 102% of OPB 3.95% Responsive

Municipal Leasing Consultants, VT NC 102% of OPB 4.69% Responsive

INFORMAL RFQ - April 29, 2004 4:00pm
Woodstown-Pilesgrove Board of Education (BQ)
$112,000 4-yr Financing of Technology

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Bid Recommendation

Central Atlantic Leasing Corp., NJ 3.53% 102% of OPB 3.25% Responsive

Patriot Public Finance, PA ND Amort. @ 3.5% 4.43% Responsive

Municpal Leasing Consultants, VT ND 105% of OPB 4.577% Responsive

April 29, 2004 2:00pm
Middle Twp. Board of Education (BQ)
$1,513,000 5-yr Financing of Misc. Equipment

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Bid Recommendation

J.P. Morgan Leasing, Inc. 3.88% 100% of OPB 3.16% Responsive; Recommended

Commerce Bank, NJ 3.88% 100% of OPB 3.40% Responsive

Central Atlantic Leasing Corp., NJ 3.88% 102% of OPB 3.49% Responsive

Baruch and Company, CO ND Amort. @ 3.80% 4.18% Responsive

Bank of America, CA 3.88% 101% of OPB 3.33% Responsive

PNC Bank, NJ 3.98% 101% of OPB 3.22% Responsive

First Hope Bank, NJ ND 100% of OPB 3.43% Responsive

Fleet Bank/SunTrust Leasing Corp., NJ/MD 3.90% 102% of OPB 3.629% Responsive

Comerica Leasing Corporation, CA --- --- NO BID ---

April 21, 2004 2:00pm
Manchester Twp. Board of Education (BQ)
$775,250 7&10-yr Financing of Vehicles

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate 7-yr/10-yr Recommendation

Fleet Bank/SunTrust Leasing Corp. NJ/MD 4.34%/4.81% 102% of OPB 3.647%/4.063% BID RESCINDED BY SUNTRUST & AWARDED TO COMMERCE BANK

Commerce Bank, NJ 4.28%/4.76% 100% of OPB 3.73%/4.76% Responsive; AWARDED

Central Atlantic Leasing Corp., NJ 4.10%/4.59% 102% of OPB 4.35%/4.95% Responsive

Koch Financial Corporation, AZ 3.73%/4.21% 102% of OPB 3.99%/4.31% Responsive

Bank of America, CA 4.28%/NO BID 101% of OPB 4.13%/NO BID Responsive

Comerica Leasing Corporation, CA 4.28%/NO BID 100% of OPB 3.67%/NO BID Responsive

February 20, 2004 2:00pm
Hillside Board of Education (BQ)
$275,800 4&5-yr Financing of Copiers & Vehicles

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate 4-yr/5-yr Recommendation

J.P. Morgan Leasing, Inc., NY 3.14%/3.51% 100% of OPB 2.427%/2.71% Responsive; Recommended

Fleet Bank/SunTrust Leasing Corp. NJ/MD 3.18%/3.54% 102% of OPB 2.561%/2.765% Responsive

Commerce Bank, NJ 3.14%/3.50% 101% of OPB 2.98%/2.98% Responsive

Central Atlantic Leasing Corp., NJ 3.11%/3.50% 102% of OPB 3.49% Responsive

February 18, 2004 2:00pm
Howell Township Board of Education (BQ)
$607,800 5-yr Financing of Copiers

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

First Hope Bank, NJ 3.51% 100% of OPB 2.44% Responsive; Recommended

Fleet Bank/SunTrust Leasing Corp. NJ/MD 3.54% 102% of OPB 2.547% Responsive

JP Morgan Leasing, Inc., NY 3.51% 100% of OPB 2.65% Responsive

Fifth Third Bank, CT 3.36% 101% of OPB 2.93% Responsive

Central Atlantic Leasing Corp., NJ 3.52% 102% of OPB 3.49% Responsive

Carlyle Financial Services, TX --- --- NO BID ---

Comerica Leasing Corporation, CA --- --- NO BID ---

January 29, 2004 2:00pm
Brick Township Board of Education (BQ)
$3,300,000 5-yr

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

Bank of America Leasing & Capital LLC, CA 3.36% 101% of OPB 2.3229% Responsive; Recommended

First Hope Bank, NJ N/Q 100% of OPB 2.47%/2.29% Responsive

Fleet Bank/SunTrust Leasing Corporation, NJ/MD 3.34% 102% of OPB 2.641%/2.622%/2.6532% Responsive

JP Morgan Leasing, Inc., NY 3.36%% 101% of OPB 2.678% Responsive

Comerica Leasing Corporation, CA 3.47% 100% of OPB 3.00/2.96% Responsive

Commerce Commercial Leasing, LLC, NJ 3.36% 101% of OPB 3.15%/3.15% Responsive

All American Investment Group, NC 3.0% 101% of OPB 3.30%/3.20% Responsive

Central Atlantic Leasing Corp., NJ 3.36% 102% of OPB 3.41%/3.41% Responsive

December 16, 2003 2:00pm
REBID of Fair Lawn Board of Education (BQ)
$430,000 4.5-yr Fire Alarm & Security System

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

Fleet Bank/SunTrust Leasing, NJ/MD 3.84% 102% of OPB 2.597% Responsive; Recommended

Central Atlantic Leasing Corp., NJ 3.45% 102% of OPB 3.05% Responsive

Banc of America Leasing & Capital , LLC, CA 3.45% 101% of OPB 2.7399% Responsive

Valley Commercial Capital, LLC, NJ 3.84% 101% of OPB 2.63% Responsive

All American Investment Group, NC 3.40% 100% of OPB 3.78% Responsive

October 29, 2003 2:00pm
Bedminster Township Board of Education (BQ)
$318,000 3-yr Computer Technology & HVAC Project

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

Peapack-Gladstone Bank, NJ 2.65% 100% of OPB 2.17% Responsive; Recommended

Central Atlantic Leasing Corp., NJ 2.76% 102% of OPB 2.63% Non-Responsive

Banc of America Leasing & Capital , LLC, CA 2.76% 101% of OPB 2.9816% Non-Responsive

Commerce Commercial Leasing, NJ 2.90% 101% of OPB 2.99% Non-Responsive

Comerica Leasing Corporation, CA 2.76% 100% of OPB 3.02% Responsive

September 18, 2003 2:00pm
Willingboro Board of Education (BQ)
$192,000 3-yr Security System Upgrade

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

Fleet Bank/Zions First National Bank, NJ/UT 2.67% 100% of OPB 3.037% Responsive

Central Atlantic Leasing, NJ 2.66% 102% of OPB 2.90% Responsive

First Hope Bank, NJ 2.66% 100% of OPB 2.65% Responsive; Recommended

Comerica Leasing, CA --- --- NO BID ---

September 8, 2003 2:00pm
Harding Township Board of Education (BQ)
$61,000 3-yr Technology & Copiers Lease

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

Fleet Bank/Zions First National Bank, NJ/UT 2.84% 100% of OPB 3.527% Responsive

Central Atlantic Leasing, NJ 2.98% 102% of OPB 2.5% Responsive

J.P. Morgan Leasing, Inc., NY 2.86% 100% of OPB 2.12% Responsive; Recommended

INFORMAL RFP - September 4, 2003 2:00pm
Central Regional Board of Education, NJ (BQ)
$160,000 2-yr Technology Lease

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

Fleet Bank, NJ 2.28% 102% of OPB 3.326% Responsive

Commerce Bank/Shore, NJ 2.04% 100% of OPB 2.68% Responsive

Central Atlantic Leasing Corp., NJ 2.27% 102% of OPB 2.53%
Responsive;
Recommended

GE Capital Public Finance, Inc., MN --- --- NO BID ---

September 4, 2003 2:00pm
Great Valley School District, PA (NBQ)
$500,000 3-yr Technology, Vehicles, and Projects Lease

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

Fleet Bank, NJ 2.95% 102% of OPB 2.232% Responsive; Recommended

Bank of America Leasing & Capital, LLC, CA 2.98% 102% of OPB 3.49% Responsive

Koch Financial Corporation, AZ 2.66% 102% of OPB 3.49% Non-Responsive

LaSalle National Leasing Corporation, OH 2.28% 102% of OPB 3.59% Responsive

Comerica Leasing Corporation, CA 2.86% 100% of OPB 2.97% Responsive

M&T Bank, PA --- --- NO BID ---

August 19, 2003 2:00pm
Branchburg Township Board of Education, NJ (BQ)
$282,000 3%4-yr Vehicles & Furniture Lease

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

J.P. Morgan Leasing, Inc. 2.71%, 3.25% 100% of OPB 2.30%, 2.63% Responsive; Recommended

Fleet Bank/SunTrust Leasing Corporation, NJ/MD 2.66%, NO BID 102% of OPB 2.551%, NO BID Responsive

Commerce Commercial Leasing, LLC, NJ 2.50%, 2.84% 101% of OPB 2.884%, 2.84% Responsive

Central Atlantic Leasing Corp. 2.71% 102% of OPB 2.58%, 2.92% Responsive

First Hope Bank, NJ n/a 100% of OPB 3.37%, 3.60% *Non-Responsive

GE Capital Public Finance, MN --- --- NO BID ---

Koch Financial Corporation, AZ 3.17% 102% of OPB 3.44% Responsive

August 19, 2003 2:00pm
Freehold Township Board of Education, NJ (BQ)
$1,785,000 3&5-yr Technology & Vehicles Lease

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate
3-yr, 5-yr Recommendation

Bank of America, CA 2.71%, 3.68% 101% of OPB 2.25%, 2.69%% Responsive

J.P. Morgan Leasing, Inc. 2.71%, 3.68%% 100% of OPB 1.95%, 2.653% Responsive; Recommended

First Hope Bank, NJ n/a 100% of OPB 3.37%, 3.66% Responsive

Carlyle Financial Services, Inc. TX --- --- NO BID ---

Central Atlantic Leasing Corp., NJ 2.71%, 3.68% 102% of OPB 2.58%, 3.24% *Non-Responsive

GE Capital Public Finance, MN --- --- NO BID ---

Fleet Bank/SunTrust Leasing Corporation, NJ/MD 2.66%, 2.805% 102% of OPB 2.23%, 2.805% Responsive

August 18, 2003 2:00pm
Matawan-Aberdeen Regional Board of Education, NJ (BQ)
$1,967,000 5-yr Energy Management Lease

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

Bank of America, CA 3.68% 101% of OPB 2.479% Responsive; Recommended

United Trust Bank, NJ 3.86% 101% of OPB 4.19% Responsive

Comerica Leasing Corporation, CA 3.66% 102% of OPB 3.12% Responsive

Carlyle Financial Services, Inc. TX 3.68% 102% of OPB 3.68% Responsive

CitiCapital, NJ 3.68% 102% of OPB 3.58% *Non-Responsive

GE Capital Public Finance, MN --- --- NO BID ---

Koch Financial Corporation, AZ 3.17% 102% of OPB 3.44% Responsive

Commerce Bank/Shore, N.A., NJ 3.66% 100% of OPB 3.55% Responsive

August 12, 2003 4:00pm
Washington Township Board of Education, NJ (BQ)
$2,000,000(NPV) 3-yr Textbooks, Computer Technology, Vehicles, & Misc. Equipment Lease

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

Bank of America, CA 2.18% 101% of OPB 1.9744% Responsive; Recommended

United Trust Bank, NJ 2.65% 101% of OPB 2.37% Responsive

Comerica Leasing Corporation, CA 2.61% 100% of OPB 2.67% Responsive

Carlyle Financial Services, Inc. TX 2.71% 102% of OPB 2.44% Responsive

Central Atlantic Leasing, NJ 2.61% 102% of OPB 2.58% Responsive

GE Capital Public Finance, MN --- --- NO BID ---

August 8, 2003 4:00pm
Mount Olive Board of Education, NJ (BQ)
$631,000 5-yr Vehicle Lease>

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

Central Atlantic Leasing Corp., NJ 3.35% 102% of OPB 2.65% Responsive; Recommended

Fleet Bank/Zions First National Bank, NJ/UT 3.73% 100% of OPB 2.979% Responsive

Comerica Leasing Corporation, CA 3.66% 100% of OPB 3.33% Responsive

Commerce Bank, NJ 3.90% 101% of OPB 2.68% Responsive

J.P. Morgan Leasing, Inc., NY 3.08% 100% of OPB 2.88% Responsive

Valley Commercial Capital, NJ 3.31% 100% of OPB 2.73% Responsive

Bank of America, CA 2.55% 100% of OPB 2.694% Responsive

GE Capital Public Finance, MN --- --- NO BID ---

August 6, 2003 4:00pm
Lopatcong Township Board of Education, NJ (BQ)
$172,000 2-yr Computer Technology Lease>

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

Central Atlantic Leasing Corp., NJ 2.36% 102% of OPB 2.34% Responsive; Recommended

Fleet Bank/Zions First National Bank, NJ/UT 2.66% 100% of OPB 3.817% Responsive

Comerica Leasing Corporation, CA 1.91% 100% of OPB 2.829% Responsive

GE Capital Public Finance, MN --- --- NO BID ---

July 30, 2003 2:00pm
Rancocas Regional Board of Education, NJ (BQ)
$1,121,000 5-yr Computer Technology & Miscellaneous Equipment Lease>

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

Central Atlantic Leasing Corp., NJ 3.08% 102% of OPB 2.65% Responsive; Recommended

LaSalle National Leasing Corp., IL 2.31% 102% of OPB 2.68% Responsive

Comerica Leasing Corporation, CA 3.35% 100% of OPB 3.13% Responsive

Bank of America Leasing & Capital, LLC. --- --- --- Non-Responsive

July 24, 2003 2:00pm
Upper Township Board of Education, NJ (BQ)
$236,000 Mixed 1&2-yr Computer Technology & Textbooks Lease

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rates: 1-yr/2-yr Recommendation

Central Atlantic Leasing Corp., NJ 1.20%/1.64% 105% of OPB 2.12%/2.14% Responsive; Recommended

Commerce Bank, NJ 1.64% 100% of OPB 3.80% Responsive

July 23, 2003 2:00pm
Berkeley Heights Board of Education, NJ (BQ)
$950,000 4-yr Computer Technology, Textbooks, & Equipment Lease

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

Central Atlantic Leasing Corp., NJ 2.49% 102% of OPB 2.54% Responsive

LaSalle National Leasing Corporation, IL ND ND 2.33% Responsive

United Trust Bank, NJ 2.87% 101% of OPB 2.49% Responsive

J. P. Morgan Leasing Inc., NY 2.04% 100% of OPB 2.286% Responsive

Commerce Bank, NJ 2.49% 101% of OPB 2.68% Responsive

July 17, 2003 2:00pm
Scotch Plains-Fanwood Board of Education, NJ (BQ)
$387,000 NPV 3-yr Computer Technology & Vehicles Lease

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

Central Atlantic Leasing Corp., NJ 1.97% 102% of OPB 2.14% Responsive; Recommended

Comerica Leasing Corporation, CA 2.04% 100% of OPB 2.65% Responsive

Fleet Bank/SunTrust Leasing, NJ/MD 2.49% 102% of OPB 2.152% Responsive

United Trust Bank, NJ 1.74% 101% of OPB 2.22% Responsive

J. P. Morgan Leasing Inc., NY 2.04% 100% of OPB 2.21% Responsive

Commerce Bank, NJ 2.42% 101% of OPB 2.68% Responsive

July 11, 2003 2:00pm
Livingston Board of Education, NJ (BQ)
$760,000 5-yr Mixed Equipment Lease

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

J.P. Morgan Leasing Inc., NY 2.78% 100% of OPB 2.29% Responsive; Recommended

Comerica Leasing Corporation, CA 2.78% 100% of OPB 2.87% Responsive

Fleet Bank/SunTrust Leasing, NJ/MD 2.81% 102% of OPB 2.40% Responsive

United Trust Bank, NJ 2.90% 101% of OPB 2.45% Responsive

Bank of America, CA 2.78% 101% of OPB 2.29% Responsive

Central Atlantic Leasing, NJ 2.78% 102% of OPB 2.95% Responsive

July 8, 2003 2:00pm
Ridgewood Board of Education, NJ (NBQ)
$918,000 5-yr Equipment Lease

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Sched. 1/2 Recommendation

Fleet Bank/SunTrust Leasing, NJ/MD 2.70% 102% of OPB 2.147%/2.19% Responsive

Comerica Leasing Corporation, CA 2.81% 100% of OPB 2.67% Responsive

Commerce Bank, NJ 2.81% 100% of OPB 2.98% Responsive

Bank of America, CA 2.62% 101% of OPB 2.2222% Responsive

J.P. Morgan Leasing, NY 2.18% 100% of OPB 1.94% Responsive; Recommended

United Trust Bank, NJ 2.82% 101% of OPB 2.00% Responsive

Valley Commercial Capital, NJ 2.74% 100% of OPB 1.946% Responsive

Central Atlantic Leasing, NJ 2.26% 102% of OPB 2.98% Responsive

July 1, 2003 1:00pm
Bridgewater-Raritan Regional Board of Education, NJ (NBQ)
$778,000 2&3-yr Equipment Lease

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate 2-yr/3-yr Recommendation

Fleet Bank/SunTrust Leasing, NJ/MD 1.83%/2.25%% 102% of OPB 1.858%/1.941% Responsive; Recomended

Comerica Leasing Corporation, CA 1.37%/1.79% 100% of OPB 2.418%/2.524% Responsive

Commerce Bank, NJ 1.37%/1.87% 101% of OPB 2.48%/2.64% Responsive

Bank of America, CA NO BID/1.79% 101% of OPB NO BID/2.0827% Responsive

Koch Financial Corporation, AZ NO BID/1.72% 102% of OPB NO BID/2.81% Responsive

GE Captial Public Finance, MN --- --- NO BID ---

June 27, 2003 1:00pm
Hammonton Board of Education, NJ (Taxable)
$925,000 5-yr Sale & Leaseback of Textbooks

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

Central Atlantic Leasing, NJ 2.55% 102% of OPB 3.965% Responsive; Recomended

Comerica Leasing Corporation, CA --- --- NO BID ---

Commerce Bank, NJ 2.55% 100% of OPB 6.0% Responsive

June 27, 2003 1:00pm
INFORMAL RFQ Sea Girt Board of Education, NJ (BQ)
$183,000 5-yr Classroom Ventilation System

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

J.P. Morgan Leasing Inc., NY 2.55% 100% of OPB 2.293% Responsive; Recomended

Comerica Leasing Corporation, CA --- --- NO BID ---

Fleet Bank/Zions First National Bank, NJ/UT 2.62% 100% of OPB 3.383% Responsive; Recommended

Central Atlantic Leasing, NJ 2.55% 102% of OPB 3.20% Responsive

June 26, 2003 2:00pm
REBID - Mount Olive Township Board of Education, NJ (BQ)
$497,000 3-yr Modular Classroom Units

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

J.P. Morgan Leasing Inc., NY 1.79 100% of OPB 1.883% Responsive

Comerica Leasing Corporation, CA 1.79% 100% of OPB 2.40% Responsive

Commerce Bank, NJ 1.82% 101% of OPB 2.68% Responsive

Fleet Bank/SunTrust Leasing, NJ/MD 1.83% 102% of OPB 1.776% Responsive; Recommended

United Trust Bank, NJ 1.80% 101% of OPB 2.25% Responsive

June 19, 2003 2:00pm
Winslow Township Board of Education, NJ (BQ)
$1,187,000 5-yr Computers, Textbooks, Vehicles, IP Telephony

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

J.P. Morgan Leasing Inc., NY 2.59% 100% of OPB 1.994% Responsive; Recommended

Comerica Leasing Corporation, CA 2.43% 100% of OPB 2.689% Responsive

Commerce Bank, NJ 3.026% 100% of OPB 3.00% Responsive

Fleet Bank/SunTrust Leasing, NJ/MD 2.41% 102% of OPB 2.089% Responsive

Central Atlantic Leasing, NJ 2.43% 102% of OPB 3.20% Responsive

Bank of America, CA 2.35% 101% of OPB 2.0845% Responsive

June 19, 2003 2:00pm
Moorestown Township Board of Education, NJ (NBQ)
$1,091,000 5-yr Computers, Copiers, Textbooks, Vehicles

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

J.P. Morgan Leasing Inc., NY 2.59% 100% of OPB 1.946% Responsive; Recommended

Comerica Leasing Corporation, CA 2.43% 100% of OPB 2.52% Responsive

Koch Financial Corporation, AZ ---% 102% of OPB 2.66% Responsive

United Trust Bank, NJ 2.35% 101% of OPB 2.35% Responsive

GE Capital Public Finance, MN 2.43% 102% of OPB 2.99% Responsive

Bank of America, CA 2.35% 101% of OPB 2.188% Responsive

June 18, 2003 2:00pm
Fair Lawn Board of Education, NJ (BQ)
$687,000 4.5-yr Fire Alarm & Security System

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

J.P. Morgan Leasing Inc., NY 2.59% 100% of OPB 1.70% Responsive; Recommended

Comerica Leasing Corporation, CA 2.43% 100% of OPB 2.68% Responsive

Fleet Bank/SunTrust Leasing, NJ/MD 2.41% 102% of OPB 2.143% Responsive

United Trust Bank, NJ 2.06% 101% of OPB 2.23% Responsive

LaSalle National Leasing, OH 1.27% 102% of OPB 2.40% Responsive

Central Atlantic Leasing, NJ 2.08% 102% of OPB 2.95% Responsive

June 17, 2003 2:00pm
Harrison Township Board of Education, NJ (BQ)
$440,000 5-yr Computer Technology, Vehicles, & Textbooks

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

J.P. Morgan Leasing Inc., NY 2.59% 100% of OPB 2.11% Responsive; Recommended

Comerica Leasing Corporation, CA 2.41% 100% of OPB 2.92% Responsive

June 13, 2003 2:00pm
Hillsborough Township Board of Education, NJ (BQ)
$662,000 3-yr Computer Technology, Security System, and Equipment Lease

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

J.P. Morgan Leasing Inc., NY 1.92% 100% of OPB 1.237% Responsive; Recommended

Fleet Bank/SunTrust Leasing, NJ/MD 1.76% 102% of OPB 1.768% Responsive

United Trust Bank, NJ 1.70% 101% of OPB 2.02% Responsive

Commerce Bank, NJ 2.65% 101% of OPB 3.32% Responsive

Comerica Leasing Corporation, CA 1.84% 100% of OPB 2.43% Responsive

Central Atlantic Leasing, NJ 1.92% 102% of OPB 2.85% Responsive

June 10, 2003 3:00pm
North Hunterdon-Voorhees Regional High School Board of Education, NJ (BQ)
$404,000 3-yr Computer Technology Lease
$126,000 5-yr Vehicle Lease

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) 3-yr Rate/5-yr Rate/Yield Recommendation

J.P. Morgan Leasing Inc., NY 1.92% 100% of OPB 1.85%/1.91/1.503% Responsive; Recommended

Fleet Bank/SunTrust Leasing, NJ/MD 2.64% 102% of OPB 2.123%/2.210%/2.157% Responsive

Public Finance.com, PA 2.50% 102% of OPB 2.1047%/2.333%/2.153% Responsive

Commerce Bank, NJ 1.90% 101% of OPB 3.16%/3.32%/3.222% Responsive

Comerica Leasing Corporation, CA 1.76% 100% of OPB 2.54%/2.79%/2.638% Responsive

Central Atlantic Leasing, NJ 1.92% 102% of OPB 2.85%/2.79%/2.638% Responsive

GE Capital Public Finance, MN --- --- NO BID ---
Carlyle Financial Services, TX ---% --- NO BID ---

June 4, 2003 3:00pm
Bridgeton Board of Education, NJ (BQ)
$349,000 3-yr Computer Technology Lease

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

J.P. Morgan Leasing, NY 1.93% 100% of OPB 1.85% Responsive

Fleet Bank/SunTrust Leasing, NJ/MD 1.93% 102% of OPB 2.158% Responsive

Public Finance.com, PA 1.88% 102% of OPB 2.146% Responsive

United Trust Bank, NJ 1.88% 101% of OPB 1.25% Responsive, Recommended

Comerica Leasing Corporation, CA 1.92 100% of OPB 2.57% Responsive

Central Atlantic Leasing, NJ 1.93% 102% of OPB 2.48% Responsive

GE Capital Public Finance, MN --- --- NO BID ---
Carlyle Financial Services, TX ---% --- NO BID ---

June 4, 2003 2:00pm
Howell Township Board of Education, NJ (BQ)
$1,879,235 taxable 5-yr Sale & Leaseback of Textbooks
$675,000 tax-exempt 5-yr New Adoptions of Textbooks

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate taxable/exempt Recommendation & yield

Commerce Bank N.A., NJ 2.65% 101% of OPB 4.50%/2.99% Responsive; Yield 4.10%

Bank of America Leasing, CA 2.65% 101% of OPB 3.89%/2.48% Responsive; Yield 3.52%

United Trust Bank, NJ 2.64% 101% of OPB 2.15%/3.45% Responsive, Recommended Yield 3.109%

Comerica Leasing Corporation, CA --- --- NO BID ---

Central Atlantic Leasing, NJ 2.66% 102% of OPB 5.25%/3.25% Responsive; Yield 4.726%

GE Capital Public Finance, MN --- --- NO BID ---
Carlyle Financial Services, TX ---% --- NO BID ---

May 27, 2003 2:00pm
Mount Olive Township Board of Education, NJ (BQ)
$497,000 3-yr Relocatable Classroom Units

--

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation & NPV

Commerce Bank N.A, NJ 2.00% 101% of OPB 2.81% Responsive

JP Morgan Leasing, NY 2.06% 100% of OPB 2.023% Responsive

United Trust Bank, NJ 1.92% 101% of OPB 2.00% Responsive, Recommended

Comerica Leasing Corporation, CA 1.62% 100% of OPB 2.655% Responsive

Fleet Bank/SunTrust Leasing, NJ/MD 2.07% 102% of OPB 2.19% Responsive

LaSalle National Leasing, IL 1.20% 102% of OPB 2.40% Responsive

May 15, 2003 2:00pm
City of Summit Board of Education, NJ (BQ)
$452,000 5-yr Computer Technology

--

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation & NPV

Commerce Bank N.A, NJ 2.94% 101% of OPB 3.17% Responsive, NPV=$444,306.96

JP Morgan Leasing, NY 3.04% 10% of OPB 2.246% Responsive; Recommended NPV=$452,861.63

United Trust Bank, NJ 2.87% 101% of OPB 2.25% Responsive, NPV=$452,823.93

Central Atlantic Leasing Corporation, NJ 3.04% 100% of OPB 3.20% Responsive, NPV=$444,067.12

Fleet Bank/SunTrust Leasing, NJ/MD 3.04% 101% of OPB 2.37% Responsive, NPV=$451,695.63

Bank of America Leasing & Capital, CA 2.94% 101% of OPB 2.77% Responsive, NPV=$447,972.58

LaSalle National Leasing, IL 1.63% 102% of OPB 2.40% Responsive, NPV=$451,414.39

April 30, 2003 2:00pm
Shore Regional Board of Education, NJ (BQ)
$300,000 5-yr Computer Technology & Vehicles

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

Commerce Bank/Shore N.A, NJ 3.48% 100% of OPB 3.45% Responsive

United Trust Bank, NJ 3.24% 101% of OPB 2.25% Responsive; Recommended

Central Atlantic Leasing Corporation, NJ 3.34% 100% of OPB 3.20% Responsive

Comerica Leasing Corporation, CA 3.24% 100% of OPB 3.19% Responsive

Carlyle Capital Markets, TX -- -- NO BID --

GE Capital Public Finance, MN -- -- NO BID
--

April 28, 2003 2:00pm
Montgomery Township Board of Education, NJ (BQ)
$500,000 5-yr Telecommunications Equipment & Buses

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

Commerce Bank, NJ 3.30% 101% of OPB 3.00% Responsive

United Trust Bank, NJ 3.34% 101% of OPB 2.25% Responsive; Recommended

Central Atlantic Leasing Corporation, NJ 3.34% 100% of OPB 3.20% Responsive

Comerica Leasing Corporation, CA 3.34% 100% of OPB 3.17% Responsive

JP Morgan Leasing, NY 2.96% 102% of OPB 2.30% Responsive

Fleet Bank/SunTrust Leasing, NJ/MD 3.30% 102% of OPB 2.539% Responsive

Bank of America, CA 3.30% 101% of OPB 2.92% Responsive

First Hope Bank, NJ NP 102% of OPB 3.43% Responsive

PublicFinance.com, PA 3.31% 102% of OPB 2.53391% Responsive

April 17, 2003 2:00pm
River Vale Township Board of Education, NJ (BQ)
$500,000 5-yr Computer Technology

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

Central Atlantic Leasing Corporation, NJ 3.3% 100% of OPB 3.75% Responsive

Carlyle Capital Markets, TX -- -- NO BID --

JP Morgan Leasing, NY 3.26% 102% of OPB 2.63333% Responsive

Fleet Bank/SunTrust Leasing, NJ/MD 3.23% 102% of OPB 2.556% Responsive; Recommended

Bank of America, CA 3.26% 101% of OPB 3.00% Responsive

La Salle National Bank, IL 1.97% 102% of OPB 2.75% Responsive

PublicFinance.com, PA 3.37% 102% of OPB 2.61% Responsive

April 15, 2003 2:00pm
South Brunswick Township Board of Education, NJ (BQ)
$931,000.00 4-yr Computer Technology, Equipment & Vehicles

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

Central Atlantic Leasing Corporation, NJ 2.83% 100% of OPB 3.65% Responsive

Carlyle Capital Markets, TX -- -- NO BID --

JP Morgan Leasing, NY 2.86% 102% of OPB
2.32%
Responsive

Fleet Bank/SunTrust Leasing, NJ/MD 2.85% 102% of OPB 2.239% Responsive; Recommended

United Trust Bank, NJ 2.85% 101% of OPB 2.50% Responsive

Commerce Bank, NJ 2.86% 101% of OPB 3.00% Responsive

Bank of America, CA 2.86% 101% of OPB 2.35% Responsive

Koch Financial Corporation 2.83% 102% of OPB 3.14% Responsive

PublicFinance.com, PA 2.85% 102% of OPB 2.39% Responsive

April 9, 2003 2:00pm
Hackettstown Board of Education, NJ (BQ)
$756,000.00 3-yr Computer Technology

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation & NPV

Central Atlantic Leasing Corporation, NJ 2.50% 100% of OPB 3.45%, Responsive; NPV:$748,599

Carlyle Capital Markets, TX -- -- NO BID --

JP Morgan Leasing, NY 2.50% 102% of OPB 2.223%, Responsive; Recommended; NPV:$756,645

Fleet Bank/SunTrust Leasing, NJ/MD 2.88% 102% of OPB 2.24%, Responsive; NPV:$756,501

First Hope Bank, NJ N/A 100% of OPB 3.44%, Responsive; NPV:$748,604

Commerce Bank, NJ 2.41% 1001% of OPB 3.500%, Responsive; NPV:$748,214

Bank of America, CA 2.37% 101% of OPB 2.78%, Responsive; NPV:$753,005

LaSalle National Bank, IL 2.29% 102% of OPB 2.29%, Responsive; NPV:$756,161

March 28, 2003 2:00pm
Borough of Wenonah, NJ (BQ)
$30,000.00 3-yr Computers & Vehicles

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

Central Atlantic Leasing Corporation, NJ 2.53% 100% of OPB 3.45% Responsive; Recommended

Carlyle Capital Markets, TX -- -- NO BID --

March 14, 2003 2:00pm
Manchester Township Board of Education, NJ (BQ)
$830,000.00 5-yr Textbooks 9 and 10-yr Vehicle Refinancings

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed)
5-yr, 9-yr, 10-yr Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate
5-yr, 9-yr, 10-yr Recommendation

Commerce Bank, NJ 2.95%, 4.04%, 4.04% 100% of OPB 3.99%, 3.99%, 3.99%% Responsive

Bank of America, CA 2.95%, 4.04%, no bid 101% of OPB 2.83%, 3.92%, no bid Responsive; Recommended for 5-yr term

Koch Financial Corporation, AZ 3.63% 102% of OPB 3.08%, 3.76%, 3.76% Responsive; Recommended for 9 and 10-yr terms

Carlyle Capital Markets, TX -- -- NO BID --

GE Capital Public Finance -- -- NO BID --

Fleet Bank, NJ -- -- NO BID --

February 19, 2003 2:00pm
Ewing Township Board of Education, NJ (BQ)
$1,300,000 5-yr Textbooks & Equipment

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance) Rate Recommendation

United Trust Bank, NJ 3.40% 102% of OPB 3.24% Responsive

Commerce Bank, NJ 3.40% 101% of OPB 3.18% Responsive

Central Atlantic Leasing, NJ 3.40% 100% of OPB 3.84% Responsive

La Salle National Leasing Corp., OH 1.88% 102% of OPB 2.75% Responsive

Bank of America Leasing & Capital, LLC, CA 3.40% 101% of OPB 2.4844% Responsive; Recommended

January 28, 2003 2:00pm
Barnegat Township Board of Education, NJ (BQ)
$653,000 5-yr Sale & Leaseback of Textbooks

Respondent Federal Reserve H.15 Statistical Release Rate(for index if needed) Purchase Option Penalty (OPB= Outstanding Principal Balance)4-yr/5-yr Rate 4-yr/5-yr Recommendation

United Trust Bank, NJ 2.98%/3.34% 102% of OPB 3.0%/3.0% Responsive; Recommended

Commerce Bank, NJ 2.97%/3.34 101% of OPB 3.95%/3.95% Responsive; Recommended

Respondent	Federal Reserve H.15 Statistical Release Rate(for index if needed) 5-yr, 9-yr, 10-yr	Purchase Option Penalty (OPB= Outstanding Principal Balance)	Rate 5-yr, 9-yr, 10-yr	Recommendation
Commerce Bank, NJ	2.95%, 4.04%, 4.04%	100% of OPB	3.99%, 3.99%, 3.99%%	Responsive
Bank of America, CA	2.95%, 4.04%, no bid	101% of OPB	2.83%, 3.92%, no bid	Responsive; Recommended for 5-yr term
Koch Financial Corporation, AZ	3.63%	102% of OPB	3.08%, 3.76%, 3.76%	Responsive; Recommended for 9 and 10-yr terms
Carlyle Capital Markets, TX	--	--	NO BID	--
GE Capital Public Finance	--	--	NO BID	--
Fleet Bank, NJ	--	--	NO BID	--