In the municipal market, estimates from the Public Securities Association had already named 1992 the record year for new issues, with a total of $233 billion.

The recommendations against any radical changes are like those from other organizations involved in the government securities market, for example, the Public Securities Association.

The Public Securities Association is exploring ways to provide more information to investors on prices in the $760 billion municipal bond market.

And this year she became the first woman to chair the Public Securities Association, the bond market trade association.

New municipal bond issues will set a record this year in terms of dollar value, the Public Securities Association said.

Total new issuance next year is expected to drop 21 percent, to $185 billion, the Public Securities Association said.

The dollar value of new municipal bond issues will set a record this year, the Public Securities Association said yesterday.

A spokeswoman for the Public Securities Association declined to comment on the action of the other 17 companies.

The Public Securities Association had recommended they take the day off, but some could not resist the action sure to follow the employment report.

Because of the snowstorm, the Public Securities Association recommended that bond trading close at noon.