0001752724-23-021776.txt : 20230213 0001752724-23-021776.hdr.sgml : 20230213 20230213090933 ACCESSION NUMBER: 0001752724-23-021776 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20221130 FILED AS OF DATE: 20230213 DATE AS OF CHANGE: 20230213 EFFECTIVENESS DATE: 20230213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY PHILLIPS STREET TRUST CENTRAL INDEX KEY: 0000278001 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-02890 FILM NUMBER: 23615060 BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY CASH RESERVES DATE OF NAME CHANGE: 19930122 0000278001 S000007149 Fidelity Government Cash Reserves C000019553 Fidelity Government Cash Reserves FDRXX N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0000278001 XXXXXXXX 811-02890 true false false N-1A true Fidelity Phillips Street Trust 811-02890 0000278001 5493001CX98PM13I8392 245 Summer Street Boston 02210 US-MA US 1-800-FIDELITY Fidelity Service Company 245 Summer Street BOST 02210 1-800-FIDELITY Books and Records of the Fund as required to be maintained by the Investment Company Act N N N-1A 1 Y ELIZABETH ACTON N/A N JENNIFER TOOLIN MCAULIFFE N/A Y JOHN ENGLER N/A N MARK MURRAY N/A N ROBERT GARTLAND 001367184 N ANN DUNWOODY N/A N ABIGAIL JOHNSON 004340399 Y MICHAEL KENNEALLY 004140099 N ARTHUR JOHNSON N/A N KENNETH ROBINS 006242664 ONE SPARTAN WAY MERRIMACK 03054 XXXXXX N N N N N N Fidelity Distributors Company LLC 8-35097 000017507 N/A Y N PricewaterhouseCoopers LLP 238 5493002GVO7EO8RNNS37 N N N N N N N Fidelity Government Cash Reserves S000007149 549300I3AUDS62CV2063 N 1 0 0 Money Market Fund N N N N N/A 0.00000000 0.00000000 Rule 17a-7 (17 CFR 270.17a-7) Rule 17e-1 (17 CFR 270.17e-1) Rule 32a-4 (17 CFR 270.32a-4) Y Y N N Fidelity Management & Research Company LLC 801-7884 000108281 5493001Z012YSB2A0K51 N Fidelity Management & Research (Hong Kong) Limited 801-69507 000148045 549300VLVPR60I312N68 Y HK N FMR Investment Management (UK) Limited 801-28773 000108273 549300DJ0TLKPO1HIS84 Y GB N Fidelity Management & Research (Japan) Limited 801-69571 000148239 549300FF7J6H5TZ22Y05 Y JP N Fidelity Investments Institutional Operations Company LLC 084-01839 549300XVSM8LN3LQOK63 Y N N INTERCONTINENTAL EXCHANGE INC 5493000F4ZO33MV32P92 N PRICINGDIRECT INC 549300WIC0TOJ7N7GD54 N N BANK OF NEW YORK MELLON HPFHU0OQ28E4N0NFVK49 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 N Y Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Fidelity Investments Institutional Operations Company LLC 549300XVSM8LN3LQOK63 Y N N Fidelity Service Company 549300LT256P1KNTYF28 Y N N 0.00000000 MORGAN STANLEY N/A N/A IGJSJL3JD5P30I6NJZ34 106436123340.59000000 MITSUBISHI UFJ FINANCIAL GROUP INC N/A N/A 353800V2V8PUY9TK3E06 JP 352946300000.00000000 MIZUHO FINANCIAL GROUP INC N/A N/A 353800CI5L6DDAN5XZ33 JP 144440350051.17000000 BARCLAYS PLC (UNGTD) N/A N/A 213800LBQA1Y9L22JB70 GB 290084454059.59000000 FEDERAL RESERVE BANK OF NY N/A N/A 254900Y8NKGV541U8Q32 26426791000000.00000000 ABN AMRO BANK NV N/A N/A BFXS5XCH7N0Y05NIXW11 NL 184154354734.00000000 SUMITOMO MITSUI FINANCIAL GROUP INC N/A N/A 35380028MYWPB6AUO129 JP 180770000000.00000000 DEUTSCHE BANK AG N/A N/A 7LTWFZYICNSX8D621K86 DE 156144203631.99000000 GOLDMAN SACHS GROUP INC (THE) N/A N/A 784F5XWPLTWKTBV3E584 94349591561.39000000 THE TORONTO DOMINION BANK N/A N/A PT3QB789TSUIDF371261 CA 160537425026.36000000 28738735525640.15000000 N 222020791569.00000000 Uncommitted 300000000.00000000 N Uncommitted 25000000.00000000 N Uncommitted 500000000.00000000 N Uncommitted 400000000.00000000 N Uncommitted 500000000.00000000 N Uncommitted 1500000000.00000000 N Uncommitted 150000000.00000000 N N N true INTERNAL CONTROL RPT 2 phillips_icr1.htm Converted by EDGARwiz



Report of Independent Registered Public Accounting Firm



To the Board of Trustees of Fidelity Phillips Street Trust and Shareholders of Fidelity Government Cash Reserves


In planning and performing our audit of the financial statements of Fidelity Government Cash Reserves (the “Fund”) as of and for the year ended November 30, 2022, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), 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 do not express an opinion on the effectiveness of the Fund’s internal control over financial reporting.


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 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 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 over financial reporting that might be material weaknesses under standards established by the PCAOB. 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 material weaknesses as defined above as of November 30, 2022.


This report is intended solely for the information and use of the Board of Trustees of Fidelity Phillips Street Trust 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/ PricewaterhouseCoopers LLP


Boston, Massachusetts

January 12, 2023