0001145549-19-042352.txt : 20191108 0001145549-19-042352.hdr.sgml : 20191108 20191108143619 ACCESSION NUMBER: 0001145549-19-042352 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190831 FILED AS OF DATE: 20191108 DATE AS OF CHANGE: 20191108 EFFECTIVENESS DATE: 20191108 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: 191203619 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 0000866700 S000009090 Federated Michigan Intermediate Municipal Trust C000024699 Class A Shares MMIFX 0000866700 S000009093 Federated Ohio Municipal Income Fund C000024703 Class F Shares OMIFX C000070760 Class A Shares OMIAX 0000866700 S000009094 Federated Pennsylvania Municipal Income Fund C000024704 Class A Shares PAMFX C000188345 Class T Shares 0000866700 S000012747 Federated Municipal High Yield Advantage Fund C000034361 Class A Shares FMOAX C000034362 Class B Shares FMOBX C000034363 Class C Shares FMNCX C000034364 Class F Shares FHTFX C000130166 Institutional Shares FMYIX C000188346 Class T Shares N-CEN 1 primary_doc.xml X0201 N-CEN LIVE 0000866700 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. The 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. N 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 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 N 1 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 22d-1 (17 CFR 270.22d-1) 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 ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N Bloomberg Finance L.P. 5493001KJTIIGC8Y1R12 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 0.000000000000 Barclays Capital Inc. 8-41342-1 000019714 AC28XWWI3WIBK2824319 2657616.000000000000 Wells Fargo Securities, LLC 8-65876-1 000126292 VYVVCKR63DVZZN70PB21 3547895.000000000000 Citigroup Global Markets Inc. 8-08177-1 000007059 MBNUM2BPBDO7JBLYG310 5134585.000000000000 Hutchinson, Shockey, Erley & Co. 8-05761-1 000002261 N/A 1364863.000000000000 J.P. Morgan Securities LLC 8-35008-1 000000079 ZBUT11V806EZRVTWT807 6680738.000000000000 Merrill Lynch, Pierce, Fenner & Smith Incorporated 8-07221-1 000007691 8NAV47T0Y26Q87Y0QP81 3650105.000000000000 Oppenheimer & Co. Inc. 8-04077-1 000000249 254900VH02JQR2L8XD64 2844080.000000000000 Piper Jaffray & Co. 8-15204-1 000000665 549300GRQCWQ3XGH0H10 6246620.000000000000 RBC Capital Markets, LLC 8-45411-1 000031194 549300LCO2FLSSVFFR64 1525832.000000000000 Stifel, Nicolaus & Company, Incorporated 8-01447-1 000000793 5WUVMA08EYG4KEUPW589 4424200.000000000000 99602953.000000000000 N 80008109.000000000000 0.000000000000 Committed 500000000.000000000000 N N N N Federated Municipal High Yield Advantage Fund S000012747 549300HL3E2CQPWLHH76 N 6 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 22d-1 (17 CFR 270.22d-1) 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 ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N Bloomberg Finance L.P. 5493001KJTIIGC8Y1R12 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 0.000000000000 Barclays Capital Inc. 8-41342-1 000019714 AC28XWWI3WIBK2824319 38382458.000000000000 Stifel, Nicolaus & Company, Incorporated 8-01447-1 000000793 5WUVMA08EYG4KEUPW589 7192977.000000000000 Citigroup Global Markets Inc. 8-08177-1 000007059 MBNUM2BPBDO7JBLYG310 33629577.000000000000 D.A. Davidson & Co. 8-02399-1 000000199 549300094RQ5A7DYLF51 8946028.000000000000 George K. Baum & Company 8-47195-1 000036354 2549005N903KCZC52486 10520600.000000000000 Goldman Sachs & Co. LLC 8-00129-1 000000361 FOR8UP27PHTHYVLBNG30 28291273.000000000000 J.P. Morgan Securities LLC 8-35008-1 000000079 ZBUT11V806EZRVTWT807 77896136.000000000000 Merrill Lynch, Pierce, Fenner & Smith Incorporated 8-07221-1 000007691 8NAV47T0Y26Q87Y0QP81 33582909.000000000000 Morgan Stanley & Co. LLC 8-15869-1 000008209 9R7GPTSO7KV3UQJZQ078 42036812.000000000000 Siebert Cisneros Shank & Co., L.L.C. 8-49877-1 000042568 254900VTARX8RAY9QK77 6398220.000000000000 543889128.000000000000 N 596482768.000000000000 0.000000000000 Committed 500000000.000000000000 N N N N Federated Ohio Municipal Income Fund S000009093 EXCIXF0TML1VCJK7C095 N 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 ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N Bloomberg Finance L.P. 5493001KJTIIGC8Y1R12 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 0.000000000000 B.C. Ziegler and Company 8-00094-1 000000061 549300V0G64RT328XK96 2471712.000000000000 TD Securities (USA) LLC 8-36747-1 000018476 SUVUFHICNZMP2WKHG940 2238080.000000000000 Barclays Capital Inc. 8-41342-1 000019714 AC28XWWI3WIBK2824319 7628930.000000000000 BNY Mellon Capital Markets, LLC 8-35255-1 000017454 VJW2DOOHGDT6PR0ZRO63 2100000.000000000000 Citigroup Global Markets Inc. 8-08177-1 000007059 MBNUM2BPBDO7JBLYG310 6482601.000000000000 J.P. Morgan Securities LLC 8-35008-1 000000079 ZBUT11V806EZRVTWT807 7271658.000000000000 Jefferies LLC 8-15074-1 000002347 58PU97L1C0WSRCWADL48 2381520.000000000000 Morgan Stanley & Co. LLC 8-15869-1 000008209 9R7GPTSO7KV3UQJZQ078 5371150.000000000000 RBC Capital Markets, LLC 8-45411-1 000031194 549300LCO2FLSSVFFR64 2235220.000000000000 Samuel A Ramirez & Co., Inc. 8-19014-1 000006963 254900CBKVW7O2ENQA21 2181160.000000000000 113617300.000000000000 N 142305715.000000000000 0.000000000000 Committed 500000000.000000000000 N N N N Federated Pennsylvania Municipal Income Fund S000009094 ZPBNK4GWWRBOLYCCE807 N 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 22d-1 (17 CFR 270.22d-1) 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 ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N Bloomberg Finance L.P. 5493001KJTIIGC8Y1R12 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 0.000000000000 B.C. Ziegler and Company 8-00094-1 000000061 549300V0G64RT328XK96 3133972.000000000000 TD Securities (USA) LLC 8-36747-1 000018476 SUVUFHICNZMP2WKHG940 2579000.000000000000 Barclays Capital Inc. 8-41342-1 000019714 AC28XWWI3WIBK2824319 3670387.000000000000 Citigroup Global Markets Inc. 8-08177-1 000007059 MBNUM2BPBDO7JBLYG310 4453520.000000000000 Goldman Sachs & Co. LLC 8-00129-1 000000361 FOR8UP27PHTHYVLBNG30 3327935.000000000000 J.P. Morgan Securities LLC 8-35008-1 000000079 ZBUT11V806EZRVTWT807 5200000.000000000000 Merrill Lynch, Pierce, Fenner & Smith Incorporated 8-07221-1 000007691 8NAV47T0Y26Q87Y0QP81 12399231.000000000000 Mesirow Financial, Inc. 8-28816-1 000002764 549300BIV46SUHPOFE54 2430120.000000000000 Morgan Stanley & Co. LLC 8-15869-1 000008209 9R7GPTSO7KV3UQJZQ078 6860014.000000000000 Stifel, Nicolaus & Company, Incorporated 8-01447-1 000000793 5WUVMA08EYG4KEUPW589 2630655.000000000000 130832418.000000000000 N 157638787.054274000000 0.000000000000 Committed 500000000.000000000000 N N N N true INTERNAL CONTROL RPT 2 icr_fedmunisecincomestrust.htm INTERNAL CONTROL REPORT - FEDERATED MUNICIPAL SECURITIES INCOME TRUST HTML

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Federated Municipal Securities Income Trust and Shareholders of the Funds:

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 (“the Funds”), each a series of the Federated Municipal Securities Income Trust as of and for the year ended August 31, 2019, 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.

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 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 (GAAP). 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 GAAP, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and trustees of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the 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 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 operation, including controls over safeguarding securities that we consider to be a material weakness as defined above as of August 31, 2019.

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, 2019