WASHINGTON -- Most municipal bond dealers are abstaining from making political contributions to state or local government officials, the first reports filed to comply with the Municipal Securities Rulemaking Board's Rule G-37 show.

As droves of dealers rushed to beat the July 31 deadline for filing the first quarterly reports required by the rule, a review of the first 100 reports filed by late Friday indicated that about 18 dealers reported that they or their individual employees had given contributions to the campaigns of state or local government officials.

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