Bank ownership of municipal debt grew 7.2% last year on a cost basis, to $154.5 billion, and 1.7% on a fair-value basis, to $147.4 billion, according to Highline Data LLC of Cambridge, Mass.

Last year was the 13th straight year banks increased their municipal portfolios. In 2007 they grew 5.3% on a cost basis nd 4.4% on a fair-value basis.

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