N-Q 1 form.htm FORM N-Q form.htm - Generated by SEC Publisher for SEC Filing

 

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT
INVESTMENT COMPANY

Investment Company Act file number

811-5454

 

 

 

Dreyfus New Jersey Municipal Bond Fund, Inc.

 

 

(Exact name of Registrant as specified in charter)

 

 

 

 

 

 

c/o The Dreyfus Corporation

200 Park Avenue

New York, New York 10166

 

 

(Address of principal executive offices) (Zip code)

 

 

 

 

 

John Pak, Esq.

200 Park Avenue

New York, New York 10166

 

 

(Name and address of agent for service)

 

 

Registrant's telephone number, including area code:

(212) 922-6000

 

 

Date of fiscal year end:

 

12/31

 

Date of reporting period:

3/31/13

 

             

 

 

 

 

FORM N-Q

Item 1.                        Schedule of Investments.

                      

 

STATEMENT OF INVESTMENTS         
Dreyfus New Jersey Municipal Bond Fund, Inc.         
March 31, 2013 (Unaudited)           
 
Long-Term Municipal  Coupon  Maturity  Principal    
Investments--98.5%  Rate (%)  Date  Amount ($)   Value ($) 
New Jersey--87.8%           
Burlington County Bridge           
Commission, EDR (The           
Evergreens Project)  5.63  1/1/38  5,500,000   5,695,250 
Camden County Improvement           
Authority, Health Care           
Redevelopment Project Revenue           
(The Cooper Health System           
Obligated Group Issue)  5.25  2/15/20  4,545,000   4,839,925 
Camden County Improvement           
Authority, Health Care           
Redevelopment Project Revenue           
(The Cooper Health System           
Obligated Group Issue)  5.25  2/15/20  2,000,000   2,129,780 
Delaware River and Bay Authority,           
Revenue  5.00  1/1/42  1,000,000   1,134,990 
Delaware River Port Authority,           
Revenue  5.00  1/1/30  3,500,000   3,937,710 
Delaware River Port Authority,           
Revenue  5.00  1/1/35  3,500,000   3,901,380 
East Orange Board of Education,           
COP, LR (Insured; Assured           
Guaranty Municipal Corp.)  0.00  2/1/21  685,000 a  528,916 
East Orange Board of Education,           
COP, LR (Insured; Assured           
Guaranty Municipal Corp.)  0.00  2/1/26  745,000 a  439,341 
East Orange Board of Education,           
COP, LR (Insured; Assured           
Guaranty Municipal Corp.)  0.00  2/1/28  2,345,000 a  1,240,810 
Essex County,           
General Improvement GO  5.00  8/1/23  15,200,000   17,870,944 
Garden State Preservation Trust,           

 


Revenue (Open Space and           
Farmland Preservation Bonds)  5.00  11/1/22  6,245,000   7,882,002 
Garden State Preservation Trust,           
Revenue (Open Space and           
Farmland Preservation Bonds)           
(Insured; Assured Guaranty           
Municipal Corp.)  5.75  11/1/28  5,000,000   6,674,700 
Gloucester County Improvement           
Authority, County Guaranteed           
Loan Revenue (County Capital           
Program)  5.00  4/1/38  7,000,000   7,573,720 
Gloucester Township Municipal           
Utilities Authority, Sewer           
Revenue (Insured; AMBAC)  5.65  3/1/18  1,560,000   1,739,072 
Hudson County Improvement           
Authority, Harrison Stadium           
Land Acquisition Special           
Obligation Revenue (Harrison           
Redevelopment Project)           
(Insured; National Public           
Finance Guarantee Corp.)  0.00  12/15/34  3,000,000 a  1,164,750 
Mercer County Improvement           
Authority, County Secured Open           
Space Revenue (Insured;           
National Public Finance           
Guarantee Corp.)  5.00  8/1/40  3,290,000   3,518,425 
Middletown Township Board of           
Education, GO  5.00  8/1/25  4,140,000   4,898,986 
Middletown Township Board of           
Education, GO  5.00  8/1/26  2,935,000   3,447,715 
New Jersey Economic Development           
Authority, Cigarette Tax           
Revenue  5.00  6/15/28  2,000,000   2,233,600 
New Jersey Economic Development           
Authority, Cigarette Tax           
Revenue (Prerefunded)  5.75  6/15/14  2,000,000 b  2,133,900 
New Jersey Economic Development           
Authority, Department of Human           
Services Composite Revenue           
(Division of Developmental           

 


Disabilities)  6.25  7/1/24  1,240,000   1,243,162 
New Jersey Economic Development           
Authority, Department of Human           
Services Composite Revenue           
(Division of Mental Health           
Services)  6.10  7/1/17  1,215,000   1,219,022 
New Jersey Economic Development           
Authority, EDR (Masonic           
Charity Foundation of New           
Jersey Project)  5.00  6/1/18  1,365,000   1,397,569 
New Jersey Economic Development           
Authority, Motor Vehicle           
Surcharge Revenue (Insured;           
National Public Finance           
Guarantee Corp.)  0.00  7/1/21  2,620,000 a  2,013,313 
New Jersey Economic Development           
Authority, Motor Vehicle           
Surcharge Revenue (Insured;           
National Public Finance           
Guarantee Corp.)  0.00  7/1/20  3,350,000 a  2,710,451 
New Jersey Economic Development           
Authority, Revenue (Hillcrest           
Health Service System Project)           
(Insured; AMBAC)  0.00  1/1/15  3,250,000 a  3,064,522 
New Jersey Economic Development           
Authority, Revenue (Hillcrest           
Health Service System Project)           
(Insured; AMBAC)  0.00  1/1/17  5,000,000 a  4,334,000 
New Jersey Economic Development           
Authority, Revenue (Hillcrest           
Health Service System Project)           
(Insured; AMBAC)  0.00  1/1/18  2,500,000 a  2,072,525 
New Jersey Economic Development           
Authority, Revenue (Hillcrest           
Health Service System Project)           
(Insured; AMBAC)  0.00  1/1/20  6,500,000 a  4,840,420 
New Jersey Economic Development           
Authority, Revenue (Hillcrest           
Health Service System Project)           
(Insured; AMBAC)  0.00  1/1/22  6,000,000 a  3,967,080 
New Jersey Economic Development           

 


Authority, School Facilities         
Construction Revenue  5.00  9/1/18  2,265,000  2,704,954 
New Jersey Economic Development         
Authority, School Facilities         
Construction Revenue  5.75  9/1/23  3,765,000  4,643,337 
New Jersey Economic Development         
Authority, School Facilities         
Construction Revenue (Insured;         
AMBAC)  5.50  9/1/24  10,000,000  12,716,300 
New Jersey Economic Development         
Authority, School Facilities         
Construction Revenue (Insured;         
National Public Finance         
Guarantee Corp.)  5.50  9/1/27  10,000,000  12,830,900 
New Jersey Economic Development         
Authority, Water Facilities         
Revenue (New Jersey - American         
Water Company, Inc. Project)  5.10  6/1/23  3,000,000  3,379,710 
New Jersey Economic Development         
Authority, Water Facilities         
Revenue (New Jersey - American         
Water Company, Inc. Project)  5.60  11/1/34  6,600,000  7,448,100 
New Jersey Economic Development         
Authority, Water Facilities         
Revenue (New Jersey - American         
Water Company, Inc. Project)  5.70  10/1/39  5,000,000  5,545,350 
New Jersey Educational Facilities         
Authority, Revenue (Fairleigh         
Dickenson University Issue)  6.00  7/1/20  4,535,000  4,729,053 
New Jersey Educational Facilities         
Authority, Revenue (Kean         
University Issue)  5.00  9/1/21  1,500,000  1,776,780 
New Jersey Educational Facilities         
Authority, Revenue (Montclair         
State University Issue)  5.25  7/1/38  2,000,000  2,237,220 
New Jersey Educational Facilities         
Authority, Revenue (New Jersey         
City University Issue)         
(Insured; Assured Guaranty         
Municipal Corp.)  5.00  7/1/35  12,165,000  13,170,559 

 


New Jersey Educational Facilities           
Authority, Revenue (New Jersey           
Institute of Technology Issue)  5.00  7/1/31  2,000,000   2,223,900 
New Jersey Educational Facilities           
Authority, Revenue (Princeton           
Theological Seminary Issue)  5.00  7/1/29  5,000,000   5,953,500 
New Jersey Educational Facilities           
Authority, Revenue (Princeton           
University) (Prerefunded)  5.00  7/1/15  120,000 b  132,670 
New Jersey Educational Facilities           
Authority, Revenue (Public           
Library Project Grant Program           
Issue) (Insured; AMBAC)  5.50  9/1/17  1,500,000   1,506,450 
New Jersey Educational Facilities           
Authority, Revenue (Ramapo           
College of New Jersey Issue)  5.00  7/1/42  3,000,000   3,349,320 
New Jersey Educational Facilities           
Authority, Revenue (Seton Hall           
University Issue)  6.25  7/1/37  5,000,000   5,886,300 
New Jersey Educational Facilities           
Authority, Revenue (Stevens           
Institute of Technology Issue)  5.00  7/1/27  5,000,000   5,311,350 
New Jersey Educational Facilities           
Authority, Revenue (Stevens           
Institute of Technology Issue)  5.00  7/1/34  7,655,000   8,035,607 
New Jersey Educational Facilities           
Authority, Revenue (Stevens           
Institute of Technology Issue)           
(Prerefunded)  5.38  7/1/14  2,500,000 b  2,662,675 
New Jersey Educational Facilities           
Authority, Revenue (The           
College of New Jersey Issue)           
(Insured; Assured Guaranty           
Municipal Corp.)  5.00  7/1/35  7,910,000   8,624,036 
New Jersey Educational Facilities           
Authority, Revenue (The           
William Paterson University of           
New Jersey Issue)  5.00  7/1/22  2,165,000   2,622,746 
New Jersey Educational Facilities           
Authority, Revenue (The           

 


William Paterson University of           
New Jersey Issue) (Insured;           
Assured Guaranty Municipal           
Corp.)  5.00  7/1/38  3,745,000   4,024,564 
New Jersey Environmental           
Infrastructure Trust,           
Environmental Infrastructure           
Bonds  5.00  9/1/17  4,165,000   4,938,982 
New Jersey Environmental           
Infrastructure Trust,           
Environmental Infrastructure           
Bonds  5.00  9/1/18  5,200,000   6,302,348 
New Jersey Environmental           
Infrastructure Trust,           
Environmental Infrastructure           
Bonds  5.00  9/1/22  3,550,000   4,413,928 
New Jersey Health Care Facilities           
Financing Authority, Revenue           
(AHS Hospital Corporation           
Issue)  5.00  7/1/27  5,400,000   5,846,364 
New Jersey Health Care Facilities           
Financing Authority, Revenue           
(AtlantiCare Regional Medical           
Center Issue)  5.00  7/1/22  3,975,000   4,341,137 
New Jersey Health Care Facilities           
Financing Authority, Revenue           
(Barnabas Health Issue)  5.63  7/1/32  3,000,000   3,383,640 
New Jersey Health Care Facilities           
Financing Authority, Revenue           
(Capital Health System           
Obligated Group Issue)           
(Prerefunded)  5.75  7/1/13  3,000,000 b  3,042,600 
New Jersey Health Care Facilities           
Financing Authority, Revenue           
(General Hospital Center at           
Passaic, Inc. Obligated Group           
Issue) (Insured; Assured           
Guaranty Municipal Corp.)  6.75  7/1/19  550,000   678,799 
New Jersey Health Care Facilities           
Financing Authority, Revenue           
(Hackensack University Medical           

 


Center Issue)  5.00  1/1/28  2,780,000   3,035,009 
New Jersey Health Care Facilities           
Financing Authority, Revenue           
(Hackensack University Medical           
Center Issue) (Insured;           
Assured Guaranty Municipal           
Corp.)  5.25  1/1/36  2,900,000   3,108,017 
New Jersey Health Care Facilities           
Financing Authority, Revenue           
(Holy Name Medical Center           
Issue)  5.00  7/1/15  3,410,000   3,660,942 
New Jersey Health Care Facilities           
Financing Authority, Revenue           
(Kennedy Health System           
Obligated Group Issue)  5.00  7/1/31  1,525,000   1,697,462 
New Jersey Health Care Facilities           
Financing Authority, Revenue           
(Meridian Health System           
Obligated Group Issue)  5.00  7/1/23  2,500,000   2,977,175 
New Jersey Health Care Facilities           
Financing Authority, Revenue           
(Meridian Health System           
Obligated Group Issue)  5.00  7/1/26  1,000,000   1,149,680 
New Jersey Health Care Facilities           
Financing Authority, Revenue           
(Meridian Health System           
Obligated Group Issue)           
(Insured; Assured Guaranty           
Municipal Corp.)  5.00  7/1/38  4,915,000   5,221,106 
New Jersey Health Care Facilities           
Financing Authority, Revenue           
(Robert Wood Johnson           
University Hospital Issue)  5.00  7/1/31  4,950,000   5,422,824 
New Jersey Health Care Facilities           
Financing Authority, Revenue           
(Saint Barnabas Health Care           
System Issue) (Insured;           
National Public Finance           
Guarantee Corp.)  0.00  7/1/23  2,280,000 a  1,799,581 
New Jersey Health Care Facilities           
Financing Authority, Revenue           

 


(Virtua Health Issue)         
(Insured; Assured Guaranty         
Municipal Corp.)  5.50  7/1/38  5,000,000  5,508,650 
New Jersey Health Care Facilities         
Financing Authority, State         
Contract Revenue (Hospital         
Asset Transformation Program)  5.25  10/1/38  13,595,000  14,752,750 
New Jersey Higher Education         
Student Assistance Authority,         
Student Loan Revenue  5.00  12/1/25  990,000  1,086,812 
New Jersey Higher Education         
Student Assistance Authority,         
Student Loan Revenue  5.00  12/1/26  2,300,000  2,511,830 
New Jersey Higher Education         
Student Assistance Authority,         
Student Loan Revenue (Insured;         
Assured Guaranty Municipal         
Corp.)  5.88  6/1/21  2,905,000  3,276,608 
New Jersey Highway Authority,         
Revenue (Garden State Parkway)  6.00  1/1/19  6,645,000  8,202,987 
New Jersey Housing and Mortgage         
Finance Agency, MFHR (Insured:         
AMBAC and FHA)  5.65  5/1/40  4,480,000  4,484,794 
New Jersey Housing and Mortgage         
Finance Agency, MFHR (Insured;         
Assured Guaranty Municipal         
Corp.)  5.70  5/1/20  2,180,000  2,185,276 
New Jersey Housing and Mortgage         
Finance Agency, Multi-Family         
Revenue  4.95  5/1/41  7,000,000  7,336,280 
New Jersey Housing and Mortgage         
Finance Agency, SFHR  5.20  10/1/25  5,740,000  6,276,001 
New Jersey Housing and Mortgage         
Finance Agency, SFHR  6.38  10/1/28  4,135,000  4,490,031 
New Jersey Housing and Mortgage         
Finance Agency, SFHR  5.25  10/1/37  840,000  887,158 
New Jersey Institute of         
Technology, GO  5.00  7/1/32  1,000,000  1,153,160 
New Jersey Transportation Trust         

 


Fund Authority (Transportation           
System)  5.00  6/15/20  4,000,000   4,370,560 
New Jersey Transportation Trust           
Fund Authority (Transportation           
System)  5.50  12/15/23  7,000,000   8,811,880 
New Jersey Transportation Trust           
Fund Authority (Transportation           
System)  5.50  6/15/31  2,500,000   2,935,000 
New Jersey Transportation Trust           
Fund Authority (Transportation           
System)  6.00  12/15/38  6,565,000   7,811,497 
New Jersey Transportation Trust           
Fund Authority (Transportation           
System) (Insured; AMBAC)  0.00  12/15/24  1,000,000 a  626,360 
New Jersey Transportation Trust           
Fund Authority (Transportation           
System) (Insured; AMBAC)  5.00  12/15/32  8,000,000   9,066,160 
New Jersey Transportation Trust           
Fund Authority (Transportation           
System) (Prerefunded)  6.00  12/15/18  3,435,000 b  4,404,082 
New Jersey Turnpike Authority,           
Turnpike Revenue  6.50  1/1/16  35,000   40,421 
New Jersey Turnpike Authority,           
Turnpike Revenue  6.50  1/1/16  95,000   103,059 
New Jersey Turnpike Authority,           
Turnpike Revenue  5.00  1/1/23  5,000,000   6,093,200 
New Jersey Turnpike Authority,           
Turnpike Revenue  5.00  1/1/35  3,000,000   3,326,010 
New Jersey Turnpike Authority,           
Turnpike Revenue  5.25  1/1/40  5,420,000   6,007,365 
New Jersey Turnpike Authority,           
Turnpike Revenue (Insured;           
Assured Guaranty Municipal           
Corp.)  6.50  1/1/16  165,000   191,911 
New Jersey Turnpike Authority,           
Turnpike Revenue (Insured;           
Assured Guaranty Municipal           
Corp.)  6.50  1/1/16  535,000   580,384 
New Jersey Turnpike Authority,           

 


Turnpike Revenue (Insured;           
Assured Guaranty Municipal           
Corp.)  5.25  1/1/27  3,000,000   3,746,550 
New Jersey Turnpike Authority,           
Turnpike Revenue (Insured;           
National Public Finance           
Guarantee Corp.)  6.50  1/1/16  1,210,000   1,410,618 
New Jersey Turnpike Authority,           
Turnpike Revenue (Insured;           
National Public Finance           
Guarantee Corp.)  6.50  1/1/16  2,310,000   2,667,773 
New Jersey Turnpike Authority,           
Turnpike Revenue (Insured;           
National Public Finance           
Guarantee Corp.)  0.21  1/1/30  5,500,000 c  4,977,500 
Newark,           
General Improvement GO  5.00  7/15/17  3,000,000   3,480,000 
North Hudson Sewerage Authority,           
Gross Revenue Senior Lien           
Lease Certificates (Master           
Lease Agreement)  5.00  6/1/42  10,320,000   11,435,695 
North Jersey District Water Supply           
Commission, Sewer Revenue           
(Wanaque South Project)           
(Insured; National Public           
Finance Guarantee Corp.)  6.00  7/1/19  1,520,000   1,784,510 
Port Authority of New York and New           
Jersey (Consolidated Bonds,           
93rd Series)  6.13  6/1/94  3,000,000   3,659,220 
Port Authority of New York and New           
Jersey (Consolidated Bonds,           
139th Series) (Insured;           
National Public Finance           
Guarantee Corp.)  5.00  10/1/18  11,235,000   12,304,010 
Port Authority of New York and New           
Jersey (Consolidated Bonds,           
167th Series)  5.00  9/15/24  3,675,000   4,323,086 
Port Authority of New York and New           
Jersey (Consolidated Bonds,           
167th Series)  5.50  9/15/26  7,600,000   9,074,172 

 


Port Authority of New York and New           
Jersey, Special Obligation           
Revenue (JFK International Air           
Terminal LLC Project)           
(Insured; National Public           
Finance Guarantee Corp.)  6.25  12/1/15  5,000,000   5,435,700 
Port Authority of New York and New           
Jersey, Special Project           
Revenue (JFK International Air           
Terminal LLC Project)  5.00  12/1/20  2,500,000   2,868,100 
Rahway Valley Sewerage Authority,           
Sewer Revenue (Insured;           
National Public Finance           
Guarantee Corp.)  0.00  9/1/30  7,550,000 a  3,649,972 
Rutgers, The State University,           
GO  5.00  5/1/39  3,450,000   3,919,648 
South Jersey Port Corporation,           
Marine Terminal Revenue  5.75  1/1/23  4,000,000   4,780,240 
South Jersey Port Corporation,           
Marine Terminal Revenue           
(Insured; Assured Guaranty           
Municipal Corp.)  5.75  1/1/34  2,900,000   3,296,546 
South Jersey Port Corporation,           
Marine Terminal Revenue           
(Insured; Assured Guaranty           
Municipal Corp.)  5.88  1/1/39  6,000,000   6,822,420 
South Jersey Transportation           
Authority, Transportation           
System Revenue  5.00  11/1/23  4,250,000   5,084,148 
Tobacco Settlement Financing           
Corporation of New Jersey,           
Tobacco Settlement           
Asset-Backed Bonds  4.50  6/1/23  2,480,000   2,481,538 
Tobacco Settlement Financing           
Corporation of New Jersey,           
Tobacco Settlement           
Asset-Backed Bonds  4.63  6/1/26  3,000,000   2,914,740 
Tobacco Settlement Financing           
Corporation of New Jersey,           
Tobacco Settlement           

 


Asset-Backed Bonds  4.75  6/1/34  2,800,000   2,487,688 
Tobacco Settlement Financing           
Corporation of New Jersey,           
Tobacco Settlement           
Asset-Backed Bonds  5.00  6/1/41  4,000,000   3,630,040 
Tobacco Settlement Financing           
Corporation of New Jersey,           
Tobacco Settlement           
Asset-Backed Bonds           
(Prerefunded)  7.00  6/1/13  2,000,000 b  2,023,800 
University of Medicine and           
Dentistry of New Jersey, GO           
(Insured; AMBAC)  5.50  12/1/27  15,425,000   15,477,754 
U.S. Related--10.7%           
Guam,           
Business Privilege Tax Revenue  5.00  1/1/42  2,000,000   2,179,600 
Guam Power Authority,           
Revenue  5.50  10/1/30  2,250,000   2,530,642 
Guam Waterworks Authority,           
Water and Wastewater System           
Revenue  6.00  7/1/25  1,000,000   1,037,230 
Puerto Rico Aqueduct and Sewer           
Authority, Senior Lien Revenue  5.00  7/1/21  6,000,000   5,931,660 
Puerto Rico Aqueduct and Sewer           
Authority, Senior Lien Revenue  5.13  7/1/37  1,240,000   1,136,906 
Puerto Rico Electric Power           
Authority, Power Revenue  5.25  7/1/22  5,000,000   5,199,850 
Puerto Rico Electric Power           
Authority, Power Revenue  5.50  7/1/38  10,445,000   10,422,857 
Puerto Rico Electric Power           
Authority, Power Revenue  5.00  7/1/42  760,000   700,317 
Puerto Rico Infrastructure           
Financing Authority, Special           
Tax Revenue (Insured; AMBAC)  5.50  7/1/27  4,715,000   4,721,507 
Puerto Rico Public Buildings           
Authority, Government           
Facilities Revenue  6.25  7/1/22  2,000,000   2,177,100 
Puerto Rico Sales Tax Financing           
Corporation, Sales Tax Revenue           

 


  (First Subordinate Series)  5.75  8/1/37  2,990,000   3,186,383 
  Puerto Rico Sales Tax Financing           
  Corporation, Sales Tax Revenue           
  (First Subordinate Series)  6.00  8/1/39  2,230,000   2,413,105 
  Puerto Rico Sales Tax Financing           
  Corporation, Sales Tax Revenue           
  (First Subordinate Series)  6.00  8/1/42  9,000,000   9,677,970 
  Puerto Rico Sales Tax Financing           
  Corporation, Sales Tax Revenue           
  (Insured; Berkshire Hathaway           
  Assurance Corporation)  0.00  8/1/54  21,100,000 a  2,548,247 
  Puerto Rico Sales Tax Financing           
  Corporation, Sales Tax Revenue           
  (Insured; National Public           
  Finance Guarantee Corp.)  0.00  8/1/43  18,000,000 a  3,099,060 
  Virgin Islands Public Finance           
  Authority, Revenue (Virgin           
  Islands Matching Fund Loan           
  Note)  5.00  10/1/25  5,000,000   5,584,800 
  Virgin Islands Public Finance           
  Authority, Revenue (Virgin           
  Islands Matching Fund Loan           
  Notes)  5.00  10/1/25  2,000,000   2,205,920 
  Total Long-Term Municipal Investments           
  (cost $545,115,662)          597,391,803 
  Short-Term Municipal  Coupon  Maturity  Principal    
  Investment--.0%  Rate (%)  Date  Amount ($)   Value ($) 
  New Jersey--.0%           
  New Jersey Health Care Facilities           
  Financing Authority, Revenue           
  (Virtua Health Issue) (LOC;           
  JPMorgan Chase Bank)           
  (cost $200,000)  0.15  4/1/13  200,000 d  200,000 
Short-Term Investment--.0%           
  U.S. Treasury Bills;           
  0.10%, 7/25/13           
  (cost $29,990)      30,000   29,993 
  Total Investments (cost $545,345,652)      98.5 %  597,621,796 
  Cash and Receivables (Net)      1.5 %  8,939,515 

 


Net Assets  100.0 %  606,561,311 

 

a  Security issued with a zero coupon. Income is recognized through the accretion of discount. 
b  These securities are prerefunded; the date shown represents the prerefunded date. Bonds which are prerefunded are 
  collateralized by U.S. Government securities which are held in escrow and are used to pay principal and interest on the 
  municipal issue and to retire the bonds in full at the earliest refunding date. 
c  Variable rate security--interest rate subject to periodic change. 
d  Variable rate demand note - rate shown is the interest rate in effect at March 31, 2013. Maturity date represents the 
  next demand date, or the ultimate maturity date if earlier. 

 

At March 31, 2013, net unrealized appreciation on investments was $52,276,144 of which $52,546,520 related to appreciated investment securities and $270,376 related to depreciated investment securities. At March 31, 2013, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes.


Summary of Abbreviations     
ABAG  Association of Bay Area Governments  ACA  American Capital Access 
AGC  ACE Guaranty Corporation  AGIC  Asset Guaranty Insurance Company 
AMBAC  American Municipal Bond Assurance Corporation  ARRN  Adjustable Rate Receipt Notes 
BAN  Bond Anticipation Notes  BPA  Bond Purchase Agreement 
CIFG  CDC Ixis Financial Guaranty  COP  Certificate of Participation 
CP  Commercial Paper  DRIVERS  Derivative Inverse Tax-Exempt Receipts 
EDR  Economic Development Revenue  EIR  Environmental Improvement Revenue 
FGIC  Financial Guaranty Insurance Company  FHA  Federal Housing Administration 
FHLB  Federal Home Loan Bank  FHLMC  Federal Home Loan Mortgage Corporation 
FNMA  Federal National Mortgage Association  GAN  Grant Anticipation Notes 
GIC  Guaranteed Investment Contract  GNMA  Government National Mortgage Association 
GO  General Obligation  HR  Hospital Revenue 
IDB  Industrial Development Board  IDC  Industrial Development Corporation 
IDR  Industrial Development Revenue  LIFERS  Long Inverse Floating Exempt Receipts 
LOC  Letter of Credit  LOR  Limited Obligation Revenue 
LR  Lease Revenue  MERLOTS  Municipal Exempt Receipt Liquidity Option 
      Tender 
MFHR  Multi-Family Housing Revenue  MFMR  Multi-Family Mortgage Revenue 
PCR  Pollution Control Revenue  P-FLOATS  Puttable Floating Option Tax-Exempts Receipts 
PILOT  Payment in Lieu of Taxes  PUTTERS  Puttable Tax-Exempt Receipts 

 


RAC  Revenue Anticipation Certificates  RAN  Revenue Anticipation Notes 
RAW  Revenue Anticipation Warrants  ROCS  Reset Option Certificates 
RRR  Resources Recovery Revenue  SAAN  State Aid Anticipation Notes 
SBPA  Standby Bond Purchase Agreement  SFHR  Single Family Housing Revenue 
SFMR  Single Family Mortgage Revenue  SONYMA  State of New York Mortgage Agency 
SPEARS  Short Puttable Exempt Adjustable Receipts  SWDR  Solid Waste Disposal Revenue 
TAN  Tax Anticipation Notes  TAW  Tax Anticipation Warrants 
TRAN  Tax and Revenue Anticipation Notes  XLCA  XL Capital Assurance 

 


The following is a summary of the inputs used as of March 31, 2013 in valuing the fund's investments:

      Level 3 -   
  Level 1 -  Level 2 - Other  Significant   
  Unadjusted  Significant  Unobservable   
Assets ($)  Quoted Prices  Observable Inputs  Inputs  Total 
Investments in Securities:         
Municipal Bonds  -  597,591,803  -  597,591,803 
U.S. Treasury  -  29,993  -  29,993 
Other Financial Instruments:         
Swaps+  -  55,258  -  55,258 

 

+ Amount shown represents unrealized appreciation at period end. 

 


Notional    Reference  Base Index  Detemination  Unrealized 
Amount  Counterparty  Entity  Value  Date  Appreciation ($) 
    Forward Rate Agreement, Municipal Market Data       
15,000,000  Citibank  General Obligation, 2023, AAA Index a  2.21  9/5/2013  12,567 
    Forward Rate Agreement, Municipal Market Data       
15,000,000  Citibank  General Obligation, 2033, AAA Index a  3.08  9/5/2013  42,691 
 
 
 
Gross Unrealized Appreciation        55,258 

 

a The fund will receive a payment from the counterparty if the value of the reference index is less than the base index value on the determination date. The fund will make a payment to the counterparty if the value of the reference index is greater than the base index value on the determination date.


The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund's financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

Portfolio valuation: The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e. the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

Various inputs are used in determining the value of the fund’s investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:

Level 1—unadjusted quoted prices in active markets for identical investments.

Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).

Level 3—significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund’s investments are as follows:

Investments in securities are valued each business day by an independent pricing service (the “Service”) approved by the Board of

Directors. Investments for which quoted bid prices are readily available and are representative of the bid side of the market in the judgment of the Service are valued at the mean between the quoted bid prices (as obtained by the Service from dealers in such securities) and asked prices (as calculated by the Service based upon its evaluation of the market for such securities). Other investments (which constitute a majority of the portfolio securities) are carried at fair value as determined by the Service, based on methods which include consideration of the following: yields or prices of municipal securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. All preceding securities are categorized as Level 2 in the hierarchy.

When market quotations or official closing prices are not readily available, or are determined not to reflect accurately fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded (for example, a foreign exchange or market), but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board of Directors. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized as Level 2 or 3 depending on the relevant inputs used.


For restricted securities where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Swaps: The fund enters into swap agreements to exchange the interest rate on, or return generated by, one nominal instrument for the return generated by another nominal instrument. The fund enters into these agreements to hedge certain market or interest rate risks, to manage the interest rate sensitivity (sometimes called duration) of fixed income securities, to provide a substitute for purchasing or selling particular securities or to increase potential returns.

The fund accrues for the interim payments on swap contracts on a daily basis, with the net amount recorded within unrealized appreciation (depreciation) on swap contracts in the Statement of Assets and Liabilities. Once the interim payments are settled in cash, the net amount is recorded as realized gain (loss) on swaps, in addition to realized gain (loss) recorded upon the termination of swaps contracts in the Statement of Operations. Upfront payments made and/or received by the fund, are recorded as an asset and/or liability in the Statement of Assets and Liabilities and are recorded as a realized gain or loss ratably over the contract’s term/event with the exception of forward starting interest rate swaps which are recorded as realized gains or losses on the termination date.

Fluctuations in the value of swap contracts are recorded for financial statement purposes as unrealized appreciation or depreciation on swap transactions.

Interest Rate Swaps: Interest rate swaps involve the exchange of commitments to pay and receive interest based on a notional principal amount. The fund enters into these agreements for a variety of reasons, including to hedge certain market or interest rate risks, to manage the interest rate sensitivity (sometimes called duration) of fixed income securities, to provide a substitute for purchasing or selling particular securities or to increase potential returns. The fund may elect to pay a fixed rate and receive a floating rate, or receive a fixed rate and pay a floating rate on a notional principal amount. The net interest received or paid on interest rate swap agreements is included within unrealized appreciation (depreciation) on swap contracts in the Statement of Assets and Liabilities. Interest rate swaps are valued daily and the change, if any, is recorded as an unrealized gain or loss in the Statement of Operations. When a swap contract is terminated early, the fund records a realized gain or loss equal to the difference between the current realized value and the expected cash flows.


The fund’s maximum risk of loss from counterparty credit risk is the discounted net value of the cash flows to be received from the counterparty over the contract’s remaining life, to the extent that the amount is positive. This risk is mitigated by having a master netting arrangement between the fund and the counterparty and by the posting of collateral by the counterparty to the fund to cover the fund’s exposure to the counterparty.

For financial reporting purposes, forward rate agreements are classified as interest rate swaps.

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the Securities and Exchange Commission on Form N-CSR.

 

 

Item 2.                        Controls and Procedures.

(a)        The Registrant's principal executive and principal financial officers have concluded, based on their evaluation of the Registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant's disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-Q is accumulated and communicated to the Registrant's management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

(b)        There were no changes to the Registrant's internal control over financial reporting that occurred during the Registrant's most recently ended fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting. 

Item 3.                        Exhibits.

(a)        Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.

 

 

 

FORM N-Q

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

Dreyfus New Jersey Municipal Bond Fund, Inc.

By: /s/ Bradley J. Skapyak

Bradley J. Skapyak

President

 

Date:

May 17, 2013

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

 

By: /s/ Bradley J. Skapyak

Bradley J. Skapyak

President

 

Date:

May 17, 2013

 

By: /s/ James Windels

James Windels

Treasurer

 

Date:

May 17, 2013

 

EXHIBIT INDEX

(a)        Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.  (EX-99.CERT)