0001145549-18-008206.txt : 20181114 0001145549-18-008206.hdr.sgml : 20181114 20181114150558 ACCESSION NUMBER: 0001145549-18-008206 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180831 FILED AS OF DATE: 20181114 DATE AS OF CHANGE: 20181114 EFFECTIVENESS DATE: 20181114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FEDERATED MUNICIPAL SECURITIES INCOME TRUST CENTRAL INDEX KEY: 0000866700 IRS NUMBER: 251695291 STATE OF INCORPORATION: MA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-06165 FILM NUMBER: 181183006 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: MUNICIPAL SECURITIES INCOME TRUST DATE OF NAME CHANGE: 19921023 FORMER COMPANY: FORMER CONFORMED NAME: FEDERATED MUNICIPAL INCOME TRUST DATE OF NAME CHANGE: 19920703 N-CEN 1 primary_doc.xml X0101 N-CEN LIVE 866700 XXXXXXXX true false false N-1A true Federated Municipal Securities Income Trust 811-06165 0000866700 254900RAQHES8ITD1U55 Federated Investors Funds 4000 Ericsson Drive Warrendale 15086-7561 US-PA US 8003417400 Federated Municipal Securities Income Trust Federated Investors 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 Federated Investors Tower 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. Federated Investors Tower 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 Federated Investors Tower 1001 Liberty Avenue Pittsburgh 15222-3779 4122881900 Advisor - All investment advisor records required to be maintained that are not maintained by other service providers. Bank of New York Mellon One Wall Street New York 10286 5088714582 Custodian - Fund securities and cash records. State Street Bank and Trust Company P.O. Box 8600 Boston 02266-8600 6177863000 Transfer Agent and Dividend Disbursing Agent - Fund shareholder records. Federated Investment Management Company Federated Investors Tower 1001 Liberty Avenue Pittsburgh 15222-3779 4122881900 Advisor - All investment advisor records required to be maintained that are not maintained by other service providers. Y N N-1A 4 Y J. Christopher Donahue 000814703 Y Charles F. Mansfield Jr. N/A N Thomas M. O'Neill N/A N P. Jerome Richey N/A N John S. Walsh N/A N Peter E. Madden N/A N John B. Fisher N/A Y John T. Collins N/A N G. Thomas Hough N/A N Maureen Lally-Green N/A N Stephen Van Meter 006020413 Federated Investors Tower 1001 Liberty Avenue Pittsburgh 15222-3779 XXXXXX N N N N N N Federated Securities Corp. 8-15561-1 000005009 254900FMT7XR4QROXG14 Y N KPMG LLP 00185 N/A N N N N N N N Federated Michigan Intermediate Municipal Trust S000009090 DOBDWPX3CALP91N02T10 Y 1 0 0 N/A Y N Y N Citibank N.A. 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Ziegler and Company 8-00094-1 000000061 549300V0G64RT328XK96 22621797.000000000000 RBC Capital Markets, LLC 8-45411-1 000031194 549300LCO2FLSSVFFR64 18735532.000000000000 Barclays Capital Inc. 8-41342-1 000019714 AC28XWWI3WIBK2824319 13418750.000000000000 Citigroup Global Markets Inc. 8-08177-1 000007059 MBNUM2BPBDO7JBLYG310 27823137.000000000000 D.A. Davidson & Co. 8-02399-1 000000199 549300094RQ5A7DYLF51 17528780.000000000000 Goldman Sachs & Co. LLC 8-00129-1 000000361 FOR8UP27PHTHYVLBNG30 92149090.000000000000 J.P. Morgan Securities LLC 8-35008-1 000000079 ZBUT11V806EZRVTWT807 58853936.000000000000 Jefferies LLC 8-15074-1 000002347 58PU97L1C0WSRCWADL48 28746500.000000000000 Merrill Lynch, Pierce, Fenner, & Smith Incorporated 8-07221-1 000007691 8NAV47T0Y26Q87Y0QP81 43631741.000000000000 Morgan Stanley & Co. LLC 8-15869-1 000008209 9R7GPTSO7KV3UQJZQ078 34266594.000000000000 694274596.000000000000 N 640664362.000000000000 0.000000000000 Committed 500000000.000000000000 N N N N Federated Ohio Municipal Income Fund S000009093 EXCIXF0TML1VCJK7C095 Y 2 0 0 N/A Y 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 32a-4 (17 CFR 270.32a-4) Y Y N N Federated Advisory Services Company 801-62500 000128611 2549006YWZSXL9PUIY05 N Federated Investment Management Company 801-34612 000105138 549300SP92SGS5AXSV67 N State Street Bank and Trust Company 84-1869 571474TGEMMWANRLN572 N N N Bloomberg Financial LP 5493001KJTIIGC8Y1R12 N ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N Standard & Poors N/A N N The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) State Street Bank and Trust Company 571474TGEMMWANRLN572 N Y Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N N Federated Administrative Services 801-48206 SEC File Number Y N N Federated Securities Corp. 8-15561-1 000005009 254900FMT7XR4QROXG14 0.000000000000 Citigroup Global Markets Inc. 8-08177-1 000007059 MBNUM2BPBDO7JBLYG310 225.000000000000 225.000000000000 Barclays Capital Inc. 8-41342-1 000019714 AC28XWWI3WIBK2824319 1100000.000000000000 BNY Mellon Capital Markets, LLC 8-35255-1 000017454 VJW2DOOHGDT6PR0ZRO63 1980000.000000000000 Citigroup Global Markets Inc. 8-08177-1 000007059 MBNUM2BPBDO7JBLYG310 2018023.000000000000 J.P. Morgan Securities LLC 8-35008-1 000000079 ZBUT11V806EZRVTWT807 5304964.000000000000 Merrill Lynch, Pierce, Fenner, & Smith Incorporated 8-07221-1 000007691 8NAV47T0Y26Q87Y0QP81 2672000.000000000000 Morgan Stanley & Co. LLC 8-15869-1 000008209 9R7GPTSO7KV3UQJZQ078 500000.000000000000 Piper Jaffray & Co. 8-15204-1 000000665 549300GRQCWQ3XGH0H10 4295558.000000000000 RBC Capital Markets, LLC 8-45411-1 000031194 549300LCO2FLSSVFFR64 3224786.000000000000 UBS Securities LLC 8-22651-1 000007654 T6FIZBDPKLYJKFCRVK44 1192580.000000000000 100951417.000000000000 N 154158464.000000000000 0.000000000000 Committed 500000000.000000000000 N N N N Federated Pennsylvania Municipal Income Fund S000009094 ZPBNK4GWWRBOLYCCE807 Y 3 0 0 N/A Y 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 32a-4 (17 CFR 270.32a-4) Y Y N N Federated Advisory Services Company 801-62500 000128611 2549006YWZSXL9PUIY05 N Federated Investment Management Company 801-34612 000105138 549300SP92SGS5AXSV67 N State Street Bank and Trust Company 84-1869 571474TGEMMWANRLN572 N N N Bloomberg Financial LP 5493001KJTIIGC8Y1R12 N ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N Standard & Poors N/A N N The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) State Street Bank and Trust Company 571474TGEMMWANRLN572 N Y Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N N Federated Administrative Services 801-48206 SEC File Number Y N N Federated Securities Corp. 8-15561-1 000005009 254900FMT7XR4QROXG14 0.000000000000 Citigroup Global Markets Inc. 8-08177-1 000007059 MBNUM2BPBDO7JBLYG310 293.000000000000 293.000000000000 Barclays Capital Inc. 8-41342-1 000019714 AC28XWWI3WIBK2824319 3839768.000000000000 Wells Fargo Securities, LLC 8-65876-1 000126292 VYVVCKR63DVZZN70PB21 7582710.000000000000 Citigroup Global Markets Inc. 8-08177-1 000007059 MBNUM2BPBDO7JBLYG310 6285251.000000000000 Goldman Sachs & Co. LLC 8-00129-1 000000361 FOR8UP27PHTHYVLBNG30 4643099.000000000000 J.P. Morgan Securities LLC 8-35008-1 000000079 ZBUT11V806EZRVTWT807 4593162.000000000000 Jefferies LLC 8-15074-1 000002347 58PU97L1C0WSRCWADL48 7601604.000000000000 Merrill Lynch, Pierce, Fenner, & Smith Incorporated 8-07221-1 000007691 8NAV47T0Y26Q87Y0QP81 5733260.000000000000 Morgan Stanley & Co. LLC 8-15869-1 000008209 9R7GPTSO7KV3UQJZQ078 4486037.000000000000 RBC Capital Markets, LLC 8-45411-1 000031194 549300LCO2FLSSVFFR64 8948033.000000000000 Siebert Cisneros Shank & Co., L.L.C. 8-49877-1 000042568 254900VTARX8RAY9QK77 3605034.000000000000 151256593.000000000000 N 172453315.000000000000 0.000000000000 Committed 500000000.000000000000 N N N N true INTERNAL CONTROL RPT 2 internalcontrolrpt_msit.htm REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Form 8-K

Report of Independent Registered Public Accounting Firm

To the Shareholders and Board of Trustees of

Federated Municipal Securities Income Trust:

In planning and performing our audits of the financial statements of Federated Michigan Intermediate Municipal Trust, Federated Municipal High Yield Advantage Fund, Federated Ohio Municipal Income Fund, and Federated Pennsylvania Municipal Income Fund (collectively, the Funds), each a portfolio of Federated Municipal Securities Income Trust, as of and for the year ended August 31, 2018, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Funds’ 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 Funds’ internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Funds 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 fund’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 fund’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 fund; (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 fund are being made only in accordance with authorizations of management and directors of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the fund’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 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 Funds’ annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Funds’ 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 Funds’ internal control over financial reporting and its operations, including controls over safeguarding securities that we consider to be a material weakness as defined above as of August 31, 2018.

This report is intended solely for the information and use of management and the Board of Trustees of Federated Municipal Securities Income 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/ KPMG LLP

Boston, Massachusetts

October 24, 2018