0001145549-24-008511.txt : 20240226 0001145549-24-008511.hdr.sgml : 20240226 20240226133851 ACCESSION NUMBER: 0001145549-24-008511 CONFORMED SUBMISSION TYPE: N-CEN/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230331 FILED AS OF DATE: 20240226 DATE AS OF CHANGE: 20240226 EFFECTIVENESS DATE: 20240226 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Federated Hermes Municipal Bond Fund, Inc. CENTRAL INDEX KEY: 0000201801 ORGANIZATION NAME: IRS NUMBER: 251304971 STATE OF INCORPORATION: MD FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: N-CEN/A SEC ACT: 1940 Act SEC FILE NUMBER: 811-02677 FILM NUMBER: 24676421 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: FEDERATED MUNICIPAL BOND FUND INC DATE OF NAME CHANGE: 20170728 FORMER COMPANY: FORMER CONFORMED NAME: FEDERATED MUNICIPAL SECURITIES FUND INC DATE OF NAME CHANGE: 19960307 FORMER COMPANY: FORMER CONFORMED NAME: LIBERTY MUNICIPAL SECURITIES FUND INC DATE OF NAME CHANGE: 19930517 0000201801 S000009070 Federated Hermes Municipal Bond Fund, Inc. C000024642 Class A Shares LMSFX C000024644 Class C Shares LMSCX C000051334 Class F Shares LMFFX C000191101 Institutional Shares LMBIX N-CEN/A 1 primary_doc.xml X0404 N-CEN/A 0001145549-23-036229 LIVE 0000201801 XXXXXXXX true false false N-1A true Federated Hermes Municipal Bond Fund, Inc. 811-02677 0000201801 FKXPJ13H04EJB13HM305 Federated Hermes Funds 4000 Ericsson Drive Warrendale 15086-7561 US-PA US 8003417400 Federated Hermes Municipal Bond Fund, Inc. Federated Hermes Funds 4000 Ericsson Drive Warrendale 15086-7561 8003417400 Registrant - All records required to be maintained that are not maintained by other service providers. Federated Administrative Services 1001 Liberty Avenue Pittsburgh 15222-3779 4122881900 Administrator - Records include but are not limited to those related to calculation of NAV, income and expense accruals, securities pricing, preparation of regulatory documents, financial books and records, performance calculations and tax related documents. Federated Securities Corp. 1001 Liberty Avenue Pittsburgh 15222-3779 4122881900 Distributor - Records include but are not limited to trade blotters, asset and liability ledgers, income and expense ledgers, capital account ledgers, customer account ledgers, securities records, order tickets and trade confirmations. Federated Advisory Services Company 1001 Liberty Avenue Pittsburgh 15222-3779 4122881900 Advisor - All investment advisor records required to be maintained that are not maintained by other service providers. The Bank of New York Mellon One Wall Street New York 10286 5088714582 Custodian - Fund securities and cash records. SS&C GIDS, Inc. P.O. Box 219318 Kansas City 64121-9318 8168714100 Transfer Agent and Dividend Disbursing Agent - Fund shareholder records Federated Investment Management Company 1001 Liberty Avenue Pittsburgh 15222-3779 4122881900 Advisor - All investment advisor records required to be maintained that are not maintained by other service providers. N N N-1A 1 Y J. Christopher Donahue 000814703 Y John T. Collins N/A N G. Thomas Hough N/A N Maureen Lally-Green N/A N Thomas R. Donahue N/A Y Madelyn A. Reilly N/A N John S. Walsh N/A N P. Jerome Richey N/A N Thomas M. O'Neill N/A N Stephen Van Meter 006020413 1001 Liberty Avenue Pittsburgh 15222-3779 XXXXXX N N N N N N N Federated Securities Corp. 8-15561-1 000005009 254900FMT7XR4QROXG14 Y N Ernst & Young LLP 00042 N/A N N N N N N N Federated Hermes Municipal Bond Fund, Inc. S000009070 FKXPJ13H04EJB13HM305 N 4 0 1 N/A N N Y N Citibank N.A. E57ODZWZ7FF32TWEFA76 N N Revenue sharing split N/A N/A Rule 17a-7 (17 CFR 270.17a-7) Rule 22d-1 (17 CFR 270.22d-1) Rule 32a-4 (17 CFR 270.32a-4) Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4)) Rule 18f-4(f)(17 CFR 270.18f-4(f)) Y Y N N Federated Advisory Services Company 801-62500 000128611 2549006YWZSXL9PUIY05 N Federated Investment Management Company 801-34612 000105138 549300SP92SGS5AXSV67 N SS&C GIDS, Inc. 084-00896 N/A N N N Bloomberg Finance L.P. 5493001KJTIIGC8Y1R12 N ICE Data Pricing & Referenc Data, LLC 5493000NQ9LYLDBCTL34 N Refinitiv US Holdings Inc. 549300NF240HXJO7N016 N N The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N SS&C GIDS, Inc. 084-00896 SEC File Number N N N Federated Administrative Services 801-48206 SEC File Number Y N N Federated Securities Corp. 8-15561-1 000005009 254900FMT7XR4QROXG14 0.000000000000 0.000000000000 Barclays Capital Inc. 8-41342-1 000019714 AC28XWWI3WIBK2824319 30148476.400000000000 Merrill Lynch, Pierce, Fenner & Smith Incorporated 8-07221-1 000007691 8NAV47T0Y26Q87Y0QP81 32702887.800000000000 Citigroup Global Markets Inc. 8-08177-1 000007059 MBNUM2BPBDO7JBLYG310 16235752.650000000000 Goldman Sachs & Co. LLC 8-00129-1 000000361 FOR8UP27PHTHYVLBNG30 28408040.000000000000 J.P. Morgan Securities LLC 8-35008-1 000000079 ZBUT11V806EZRVTWT807 66977530.200000000000 Janney Montgomery Scott LLC 8-00462-1 000000463 549300QQRY1JCFQHYS08 8068740.000000000000 Loop Capital Markets LLC 8-50140-1 000043098 254900FPPM2WN90D4786 8402930.000000000000 Morgan Stanley & Co. LLC 8-15869-1 000008209 9R7GPTSO7KV3UQJZQ078 24854481.400000000000 RBC Capital Markets, LLC 8-45411-1 000031194 549300LCO2FLSSVFFR64 11964801.500000000000 Wells Fargo Securities, LLC 8-65876-1 000126292 VYVVCKR63DVZZN70PB21 25162290.000000000000 310026998.550000000000 N 268735359.385151000000 0.000000000000 Committed 500000000.000000000000 N N N N true INTERNAL CONTROL RPT 2 icr_fedmunibondfund.htm INTERNAL CONTROL REPORT - FEDERATED HERMES MUNICIPAL BOND FUND, INC.

  

Report of Independent Registered Public Accounting Firm 

  

To the Shareholders and Board of Directors of  

Federated Hermes Municipal Bond Fund, Inc.: 

  

In planning and performing our audit of the financial statements of Federated Hermes Municipal Bond Fund, Inc. (the “Fund”)  as of and for the year ended March 31, 2023, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Fund’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, 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. 

  

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting.  In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting principles.  A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that,  in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with U.S. generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company’s assets that could have a material effect on the financial statements.  

  

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. 

  

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis.   A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis. 

  

Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States).  However, we noted no deficiencies in the Fund’s internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of March 31, 2023. 

  

This report is intended solely for the information and use of management and the Board of Directors of the Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. 

  

/s/ Ernst & Young LLP 

  

Boston, Massachusetts                       

May 23, 2023