For the last three quarters of 2010, U.S. public ABS issuance reached $44.17 billion, according to preliminary figures from the ASR Scorecards database.

This figure dropped by around half from $81.79 billion for the same period last year.

Bank of America Merrill Lynch claimed the top lead manager position with a market share of 15.6% and $6.87 billion in public issuance. Its market share rose from last year when it had a 12.9% portion of the market and sold $10.56 billion, placing fourth for the first three quarters of 2009.

JPMorgan Securities was second for this quarter's rankings with a 13.6% market share and selling just over $6 billion. It dropped from being No. 1 over the same period last year. The bank had a 28.2% market share and just over $23 billion in deal volume for the 3Q09 rankings.

Barclays Capital placed third in the current quarter's rankings with $5.79 billion sold and a 13.1% market share, maintaining its rank from a year ago. For 3Q09, the bank had a market share of 13% and sold $10.67 billion.

Rounding out the top five were RBS Securities and Deutsche Bank Securities. RBS sold just over $5.7 billion, garnering a market share of 12.9%, while Deutsche had a market share of 12.2% and sold $5.4 billion.

Citigroup Global Markets, Credit Suisse, Wells Fargo Securities, BNP Paribas and Morgan Stanley round out the top 10 in the 3Q10 U.S. rankings.

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