0000887318-11-000159.txt : 20110531 0000887318-11-000159.hdr.sgml : 20110530 20110527174025 ACCESSION NUMBER: 0000887318-11-000159 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110531 DATE AS OF CHANGE: 20110527 EFFECTIVENESS DATE: 20110531 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: 11879231 BUSINESS ADDRESS: STREET 1: 4000 ERICSSON DRIVE CITY: WARRENDALE STATE: PA ZIP: 15086-7561 BUSINESS PHONE: 8003417400 MAIL ADDRESS: STREET 1: 4000 ERICSSON DRIVE CITY: WARRENDALE STATE: PA ZIP: 15086-7561 FORMER COMPANY: FORMER CONFORMED NAME: LIBERTY MUNICIPAL SECURITIES FUND INC DATE OF NAME CHANGE: 19930517 FORMER COMPANY: FORMER CONFORMED NAME: FEDERATED TAX FREE INCOME FUND INC DATE OF NAME CHANGE: 19920703 0000201801 S000009070 FEDERATED MUNICIPAL SECURITIES FUND INC C000024642 Class A Shares LMSFX C000024643 Class B Shares LMSBX C000024644 Class C Shares LMSCX C000051334 Class F Shares NSAR-B 1 answer.fil PAGE 1 000 B000000 03/31/2011 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 SECURITIES FUND, INC 001 B000000 811-2677 001 C000000 4122888239 002 A000000 4000 ERICSON DRIVE 002 B000000 WARRENDALE 002 C000000 PA 002 D010000 15086 002 D020000 7561 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 ADMINISTRATIVE SERVICES 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 STATE STREET BANK AND TRUST COMPANY 012 B000001 84-1869 012 C010001 BOSTON 012 C020001 MA 012 C030001 02266 012 C040001 8600 013 A000001 ERNST & YOUNG LLP 013 B010001 BOSTON 013 B020001 MA 013 B030001 02116 013 B040001 5072 014 A000001 FEDERATED SECURITIES CORP. 014 B000001 8-15561 014 A000002 EDGEWOOD SERVICES, INC. 014 B000002 8-46985 015 A000001 THE BANK OF NEW YORK 015 B000001 C 015 C010001 NEW YORK 015 C020001 NY 015 C030001 10286 015 E010001 X 015 A000002 JP MORGAN CHASE BANK 015 B000002 S 015 C010002 NEW YORK 015 C020002 NY 015 C030002 10006 015 E030002 X 015 A000003 BANK OF AMERICA 015 B000003 S 015 C010003 CHARLOTTE 015 C020003 NC 015 C030003 28555 015 E030003 X 015 A000004 BANK OF NEW YORK 015 B000004 S 015 C010004 NEW YORK 015 C020004 NY 015 C030004 10006 015 E030004 X 018 000000 Y 019 A000000 Y 019 B000000 127 019 C000000 FEDERATEDX 020 C000001 0 020 C000002 0 020 C000003 0 020 C000004 0 020 C000005 0 020 C000006 0 020 C000007 0 020 C000008 0 PAGE 3 020 C000009 0 020 C000010 0 021 000000 0 022 A000001 CITIGROUP GLOBAL MARKETS, INC. 022 B000001 13-3082694 022 C000001 25168 022 D000001 39992 022 A000002 CHASE SECURITIES 022 C000002 39312 022 D000002 25584 022 A000003 MERILL LYNCH & CO. 022 B000003 13-5674085 022 C000003 15119 022 D000003 12884 022 A000004 MORGAN STANLEY CO., INC. 022 B000004 13-2655998 022 C000004 15881 022 D000004 9383 022 A000005 PERSHING & COMPANY 022 B000005 13-2741729 022 C000005 2250 022 D000005 18499 022 A000006 JEFFERIES &COMPANY INC. 022 B000006 95-2622900 022 C000006 9000 022 D000006 4000 022 A000007 GOLDMANSACHS GROUP LP 022 B000007 13-5108880 022 C000007 6828 022 D000007 5133 022 A000008 RBC DAIN RAUSCHER 022 B000008 41-1228350 022 C000008 6031 022 D000008 5272 022 A000009 STIFEL NICOLAUS & CO., INC. 022 B000009 43-0538770 022 C000009 1060 022 D000009 9311 022 A000010 POPER JAFFRAY INC. 022 B000010 41-0953246 022 C000010 3530 022 D000010 6357 023 C000000 336066 023 D000000 392098 024 000000 N 025 D000001 0 025 D000002 0 025 D000003 0 025 D000004 0 025 D000005 0 025 D000006 0 PAGE 4 025 D000007 0 025 D000008 0 026 A000000 N 026 B000000 N 026 C000000 N 026 D000000 Y 026 E000000 N 026 F000000 N 026 G010000 N 026 G020000 N 026 H000000 N 027 000000 Y 028 A010000 5471 028 A020000 0 028 A030000 0 028 A040000 15055 028 B010000 3711 028 B020000 1456 028 B030000 0 028 B040000 15158 028 C010000 5204 028 C020000 1391 028 C030000 0 028 C040000 17100 028 D010000 1768 028 D020000 1412 028 D030000 0 028 D040000 13378 028 E010000 1850 028 E020000 1403 028 E030000 0 028 E040000 13025 028 F010000 2561 028 F020000 2530 028 F030000 0 028 F040000 11515 028 G010000 20565 028 G020000 8193 028 G030000 0 028 G040000 85231 028 H000000 20523 029 000000 Y 030 A000000 15 030 B000000 4.50 030 C000000 0.00 031 A000000 15 031 B000000 0 032 000000 0 033 000000 0 034 000000 Y 035 000000 33 PAGE 5 036 A000000 Y 036 B000000 0 037 000000 N 038 000000 0 039 000000 N 040 000000 Y 041 000000 Y 042 A000000 0 042 B000000 0 042 C000000 100 042 D000000 0 042 E000000 0 042 F000000 0 042 G000000 0 042 H000000 0 043 000000 332 044 000000 0 045 000000 Y 046 000000 N 047 000000 N 048 000000 0.000 048 A010000 0 048 A020000 0.000 048 B010000 0 048 B020000 0.000 048 C010000 0 048 C020000 0.000 048 D010000 0 048 D020000 0.000 048 E010000 0 048 E020000 0.000 048 F010000 0 048 F020000 0.000 048 G010000 0 048 G020000 0.000 048 H010000 0 048 H020000 0.000 048 I010000 0 048 I020000 0.000 048 J010000 0 048 J020000 0.000 048 K010000 0 048 K020000 0.000 049 000000 N 050 000000 Y 051 000000 N 052 000000 N 053 A000000 Y 053 B000000 Y 053 C000000 N 054 A000000 N PAGE 6 054 B000000 N 054 C000000 N 054 D000000 N 054 E000000 N 054 F000000 N 054 G000000 N 054 H000000 N 054 I000000 N 054 J000000 N 054 K000000 N 054 L000000 N 054 M000000 N 054 N000000 N 054 O000000 N 055 A000000 Y 055 B000000 N 056 000000 N 057 000000 N 058 A000000 N 059 000000 Y 060 A000000 Y 060 B000000 Y 061 000000 1500 062 A000000 Y 062 B000000 0.0 062 C000000 0.0 062 D000000 0.0 062 E000000 0.1 062 F000000 0.0 062 G000000 0.0 062 H000000 0.0 062 I000000 0.0 062 J000000 0.0 062 K000000 0.0 062 L000000 0.0 062 M000000 0.0 062 N000000 0.0 062 O000000 98.9 062 P000000 0.0 062 Q000000 0.0 062 R000000 0.0 063 A000000 0 063 B000000 7.3 064 A000000 Y 064 B000000 Y 065 000000 Y 066 A000000 N 067 000000 N 068 A000000 N 068 B000000 N 069 000000 N PAGE 7 070 A010000 Y 070 A020000 N 070 B010000 N 070 B020000 N 070 C010000 Y 070 C020000 N 070 D010000 N 070 D020000 N 070 E010000 Y 070 E020000 N 070 F010000 N 070 F020000 N 070 G010000 Y 070 G020000 N 070 H010000 N 070 H020000 N 070 I010000 N 070 I020000 N 070 J010000 Y 070 J020000 Y 070 K010000 Y 070 K020000 N 070 L010000 N 070 L020000 N 070 M010000 N 070 M020000 N 070 N010000 Y 070 N020000 N 070 O010000 Y 070 O020000 N 070 P010000 Y 070 P020000 Y 070 Q010000 N 070 Q020000 N 070 R010000 N 070 R020000 N 071 A000000 114705 071 B000000 159454 071 C000000 544413 071 D000000 21 072 A000000 12 072 B000000 28033 072 C000000 0 072 D000000 0 072 E000000 0 072 F000000 2927 072 G000000 435 072 H000000 0 072 I000000 1699 072 J000000 29 072 K000000 0 PAGE 8 072 L000000 46 072 M000000 13 072 N000000 69 072 O000000 43 072 P000000 0 072 Q000000 125 072 R000000 24 072 S000000 8 072 T000000 332 072 U000000 0 072 V000000 0 072 W000000 17 072 X000000 5767 072 Y000000 522 072 Z000000 22788 072AA000000 1096 072BB000000 0 072CC010000 0 072CC020000 24594 072DD010000 20485 072DD020000 2275 072EE000000 0 073 A010000 0.4142 073 A020000 0.0000 073 B000000 0.0000 073 C000000 0.0000 074 A000000 68 074 B000000 0 074 C000000 650 074 D000000 488483 074 E000000 0 074 F000000 0 074 G000000 0 074 H000000 0 074 I000000 0 074 J000000 3452 074 K000000 0 074 L000000 7938 074 M000000 0 074 N000000 500591 074 O000000 4328 074 P000000 206 074 Q000000 0 074 R010000 0 074 R020000 0 074 R030000 0 074 R040000 1936 074 S000000 0 074 T000000 494121 074 U010000 45829 074 U020000 5831 PAGE 9 074 V010000 9.56 074 V020000 0.00 074 W000000 0.0000 074 X000000 5471 074 Y000000 0 075 A000000 0 075 B000000 556304 076 000000 0.00 077 A000000 Y 077 B000000 Y 077 C000000 N 077 D000000 N 077 E000000 N 077 F000000 N 077 G000000 N 077 H000000 N 077 I000000 N 077 J000000 N 077 K000000 N 077 L000000 N 077 M000000 N 077 N000000 N 077 O000000 N 077 P000000 N 077 Q010000 Y 077 Q020000 N 077 Q030000 N 078 000000 N 080 A000000 GREAT AMERICAN INSURANCE COMPANY 080 B000000 NATIONAL UNION FIRE INS. CO &WESTCHESTER FIRE 080 C000000 50000 081 A000000 Y 081 B000000 128 082 A000000 N 082 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 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 PAGE 10 086 F010000 0 086 F020000 0 SIGNATURE RICHARD A NOVAK TITLE TREASURER EX-99.77B ACCT LTTR 2 audit.txt REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM TO THE SHAREHOLDERS AND BOARD OF DIRECTORS OF FEDERATED MUNICIPAL SECURITIES FUND, INC.: We have audited the accompanying statement of assets and liabilities of Federated Municipal Securities Fund, Inc. (the "Fund"), including the portfolio of investments, as of March 31, 2011, 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 five 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. We conducted our audits in accordance with standards of the Public Company Accounting Oversight Board (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. We were not engaged to perform an audit of the Fund's internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Fund's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of March 31, 2011, by correspondence with the custodian and others or by other appropriate auditing procedures where replies from others were not received. 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 Federated Municipal Securities Fund, Inc. at March 31, 2011, 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 five years in the period then ended, in conformity with U.S. generally accepted accounting principles. ernstyoungsig Boston, Massachusetts May 24, 2011