-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WmVTpfhlrEh87LrM/En1kSFlLSrdxacBiyTE2EP+kQ7jX6/vL+Vi9DAAwe7Z6FIK OWBw8VFDsfONLAmAk4s6SA== 0000201801-02-000001.txt : 20020523 0000201801-02-000001.hdr.sgml : 20020523 20020523141054 ACCESSION NUMBER: 0000201801-02-000001 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20020331 FILED AS OF DATE: 20020523 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FEDERATED MUNICIPAL SECURITIES FUND INC CENTRAL INDEX KEY: 0000201801 IRS NUMBER: 251304971 STATE OF INCORPORATION: MD FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-02677 FILM NUMBER: 02660864 BUSINESS ADDRESS: STREET 1: FEDERATED INVESTORS TWR CITY: PITTSBURGH STATE: PA ZIP: 15222-3779 BUSINESS PHONE: 8003417400 MAIL ADDRESS: STREET 1: FEDERATED INVESTORS TWR CITY: PITTSBURGH STATE: PA ZIP: 15222-3779 FORMER COMPANY: FORMER CONFORMED NAME: FEDERATED TAX FREE INCOME FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: LIBERTY MUNICIPAL SECURITIES FUND INC DATE OF NAME CHANGE: 19930517 NSAR-B 1 answer.fil FEDERATED MUNICIPAL SECURITIES FUND 3-31-02 NSAR PAGE 1 000 B000000 03/31/2002 000 C000000 0000201801 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 FEDERATED MUNICIPAL SECURITES FUND, INC. 001 B000000 811-2677 001 C000000 4122886653 002 A000000 FEDERATED INVESTORS TOWER 002 B000000 PITTSBURGH 002 C000000 PA 002 D010000 15222 002 D020000 3779 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 008 A000001 FEDERATED INVESTMENT MANAGEMENT COMPANY 008 B000001 A 008 C000001 801-34612 008 D010001 PITTSBURGH 008 D020001 PA 008 D030001 15222 008 D040001 3779 010 A000001 FEDERATED SERVICES COMPANY 010 C010001 PITTSBURGH 010 C020001 PA 010 C030001 15222 010 C040001 3779 011 A000001 FEDERATED SECURITIES CORP. 011 B000001 8-15561 011 C010001 PITTSBURGH 011 C020001 PA 011 C030001 15222 011 C040001 3779 PAGE 2 012 A000001 FEDERATED SHAREHOLDER SERVICES COMPANY 012 B000001 84-1869 012 C010001 PITTSBURGH 012 C020001 PA 012 C030001 15222 012 C040001 3779 013 A000001 ERNST & YOUNG LLP 013 B010001 BOSTON 013 B020001 MA 013 B030001 02116 013 B040001 5072 015 A000001 STATE STREET BANK AND TRUST COMPANY 015 B000001 C 015 C010001 BOSTON 015 C020001 MA 015 C030001 02266 015 C040001 8600 015 E010001 X 015 A000002 BANKERS TRUST CO. 015 B000002 S 015 C010002 NEW YORK 015 C020002 NY 015 C030002 10015 015 E010002 X 015 A000003 BANK OF NEW YORK 015 B000003 S 015 C010003 NEW YORK 015 C020003 NY 015 C030003 10006 015 E010003 X 015 A000004 J.P. 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B000000 0 083 A000000 N 083 B000000 0 084 A000000 N 084 B000000 0 085 A000000 Y 085 B000000 N 086 A010000 0 086 A020000 0 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 PAGE 10 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 SIGNATURE STEPHEN A. KEEN TITLE GENERAL COUNSEL EX-99.77L NEW ACCTNG 3 amortizationchange.txt CHANGE IN ACCOUNTING PRINCIPLES AND PRACTICES ITEM 77L Change in Accounting Principles and Practices As required, effective January 1, 2001, the Fund has adopted the provisions of the AICPA Audit and Accounting Guide for Investment Companies and began amortizing and accreting all premiums and discounts on debt securities as required for adherence to generally accepted accounting principles. The financial statements and notes to financial statements have been adjusted accordingly for Federated Municipal Securities Fund, which were materially impacted by this change. EX-99.77B ACCT LTTR 4 fmsfaudit.txt INTERNAL AUDIT CONTROL LETTER Report of Ernst & Young LLP, Independent Auditors To the Board of Directors and Shareholders of Federated Municipal Securities Fund, Inc. We have audited the accompanying statement of assets and liabilities, including the portfolio of investments, of Federated Municipal Securities Fund, Inc. (the "Fund"), as of March 31, 2002, and the related statement of operations for the year then ended, the statement of changes in net assets for each of the two years in the period then ended and the financial highlights for each of the three years in the period then ended. These financial statements and financial highlights are the responsibility of the Fund's management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. The financial highlights for each of the two years in the period ended March 31, 1999 were audited by other auditors whose report, dated May 14, 1999, expressed an unqualified opinion on those financial highlights. We conducted our audits in accordance with auditing standards generally accepted in the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of March 31, 2002, by correspondence with the custodian and brokers, or other appropriate auditing procedures where replies from brokers were not received. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of the Federated Municipal Securities Fund, Inc. at March 31, 2002, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended and the financial highlights for each of the three years in the period then ended, in conformity with accounting principles generally accepted in the United States. Boston, Massachusetts May 10, 2002 -----END PRIVACY-ENHANCED MESSAGE-----