-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, V4mXde1HmynVO0Ymdba8JxXXwzMaYJlAun/4wzf+9y3GYD+umbgVmV8Q8wFlhk+C 3x6fNsrhONNSasUyaE5Nkw== 0001318148-07-000097.txt : 20070125 0001318148-07-000097.hdr.sgml : 20070125 20070125104506 ACCESSION NUMBER: 0001318148-07-000097 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20061130 FILED AS OF DATE: 20070125 DATE AS OF CHANGE: 20070125 EFFECTIVENESS DATE: 20070125 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Federated Intermediate Government Fund, Inc. CENTRAL INDEX KEY: 0000875267 IRS NUMBER: 251659310 STATE OF INCORPORATION: MD FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-06307 FILM NUMBER: 07551601 BUSINESS ADDRESS: STREET 1: 5800 CORPORATE DRIVE CITY: PITTSBURGH STATE: PA ZIP: 15237-7000 BUSINESS PHONE: 8003417400 MAIL ADDRESS: STREET 1: 5800 CORPORATE DRIVE CITY: PITTSBURGH STATE: PA ZIP: 15237-7000 FORMER COMPANY: FORMER CONFORMED NAME: FEDERATED INTERMEDIATE GOVERNMENT FUND, INC. DATE OF NAME CHANGE: 20050215 FORMER COMPANY: FORMER CONFORMED NAME: FEDERATED LTD DURATION GOVERNMENT FUND INC DATE OF NAME CHANGE: 20040722 FORMER COMPANY: FORMER CONFORMED NAME: FEDERATED LIMITED DURATION GOVERNMENT FUND INC DATE OF NAME CHANGE: 20000911 0000875267 S000009062 Federated Intermediate Government Fund, Inc. C000024614 Institutional Shares FLDIX C000024615 Institutional Service Shares FLDSX N-Q 1 form.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANIES 811-6307 (Investment Company Act File Number) Federated Intermediate Government Fund, Inc. _______________________________________________________________ (Exact Name of Registrant as Specified in Charter) Federated Investors Funds 5800 Corporate Drive Pittsburgh, Pennsylvania 15237-7000 (412) 288-1900 (Registrant's Telephone Number) John W. McGonigle, Esquire Federated Investors Tower 1001 Liberty Avenue Pittsburgh, Pennsylvania 15222-3779 (Name and Address of Agent for Service) (Notices should be sent to the Agent for Service) Date of Fiscal Year End: 02/28/07 Date of Reporting Period: Quarter ended 11/30/06 ITEM 1. SCHEDULE OF INVESTMENTS FEDERATED INTERMEDIATE GOVERNMENT FUND, INC. PORTFOLIO OF INVESTMENTS November 30, 2006 (unaudited)
PRINCIPAL VALUE AMOUNT GOVERNMENT AGENCIES--29.9% FEDERAL HOME LOAN BANK SYSTEM--19.2% $ 7,500,000 5.000%, 9/18/2009 $ 7,538,963 FEDERAL HOME LOAN MORTGAGE CORPORATION--10.7% 4,250,000 1 4.500%, 7/15/2013 4,199,822 TOTAL GOVERNMENT AGENCIES (IDENTIFIED COST $11,573,006) 11,738,785 MORTGAGE- BACKED SECURITIES--0.1% FEDERAL HOME LOAN MORTGAGE CORPORATION--0.1% 23,608 6.500%, 12/1/2015 (IDENTIFIED COST $23,517) 24,145 ADJUSTABLE RATE MORTGAGES--0.9% FEDERAL NATIONAL MORTGAGE ASSOCIATION ARM--0.9% 364,743 3.740%, 6/1/2033 (IDENTIFIED COST $365,484) 361,176 COLLATERALIZED MORTGAGE OBLIGATIONS--40.8% FEDERAL HOME LOAN MORTGAGE CORPORATION--5.1% 1,977,157 REMIC 2981 FA, 5.720%, 5/15/2035 1,980,498 FEDERAL NATIONAL MORTGAGE ASSOCIATION--35.7% 4,776,361 REMIC 2006-58 FP, 5.620%, 7/25/2036 4,796,382 4,408,725 REMIC 2006-85 PF, 5.700%, 9/25/2036 4,432,169 4,776,350 REMIC 370 F21, 5.620%, 5/25/2036 4,789,430 TOTAL 14,017,981 TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (IDENTIFIED COST 15,998,479 $15,935,878) REPURCHASE AGREEMENTS--11.1% 3,650,000 2 Interest in $188,862,000 joint repurchase agreement 5.270%, dated 11/13/2006, under which Banc 3,650,000 of America Securities LLC will repurchase U.S. Government Agency securities with various maturities to 6/25/2036 for $189,663,772 on 12/12/2006. The market value of the underlying securities at the end of the period was $194,449,903. 703,000 Interest in $2,000,000,000 joint repurchase agreement 5.320%, dated 11/30/2006, under which 703,000 Credit Suisse First Boston LLC will repurchase U.S. Government Agency securities with various maturities to 8/16/2043 for $2,000,295,556 on 12/1/2006. The market value of the underlying securities at the end of the period was $2,060,008,358. TOTAL REPURCHASE AGREEMENTS (AT COST) 4,353,000 TOTAL INVESTMENTS - 82.8% 32,475,585 (IDENTIFIED COST $32,250,885)3 OTHER ASSETS AND LIABILITIES - NET - 17.2% 6,828,336 TOTAL NET ASSETS - 100% $ 39,303,921
1 Pledged as collateral to ensure the Fund is able to satisfy the obligations of its outstanding long futures contracts. 2 Although the repurchase date is more than seven days after the date of purchase, the Fund has the right to terminate the repurchase agreement at any time with seven-days' notice. 3 At November 30, 2006, the cost of investments for federal tax purposes was $32,250,885. The net unrealized appreciation of investments for federal tax purposes excluding any unrealized appreciation/depreciation resulting from changes from futures contracts was $224,700. This consists of net unrealized appreciation from investments for those securities having an excess of value over cost of $229,008 and net unrealized depreciation from investments for those securities having an excess of cost over value of $4,308. At November 30, 2006, the Fund had the following outstanding futures contracts:
CONTRACTS NUMBER OF NOTIONAL EXPIRATION UNREALIZED APPRECIATION CONTRACTS VALUE DATE 4U.S. 32 6,560,000 March 2007 $8,318 Treasury Note 2-Year Futures 4U.S. 42 4,458,563 March 2007 $19,792 Treasury Note 5-Year Futures 4U.S. 56 6,114,500 March 2007 $12,889 Treasury Note 10- Year Futures 4U.S. 10 1,143,750 March 2007 $3,708 Treasury Bond Futures Total $44,707 4 Non-income producing security.
Note: The categories of investments are shown as a percentage of total net assets at November 30, 2006. INVESTMENT VALUATION Market values of the Fund's portfolio securities are determined as follows: {circle}futures contracts and options are generally valued at market values established by the exchanges on which they are traded at the close of trading on such exchanges. Options traded in the over-the-counter market are generally valued according to the mean between the last bid and the last asked price for the option as provided by an investment dealer or other financial institution that deals in the option. The Board of Directors (the "Directors") may determine in good faith that another method of valuing such investments is necessary to appraise their fair market value; {circle}for mortgage-backed securities, based on the aggregate investment value of the projected cash flows to be generated by the security, as furnished by an independent pricing service; {circle}or other fixed-income securities, according to prices as furnished by an independent pricing service, except that fixed-income securities with remaining maturities of less than 60 days at the time of purchase are valued at amortized cost; and {circle}for all other securities at fair value as determined in accordance with procedures established by and under the general supervision of the Directors. Prices for fixed-income securities furnished by a pricing service may be based on a valuation matrix which incorporates both dealer-supplied valuations and electronic data processing techniques. Such prices (other than prices of mortgage-backed securities) are generally intended to be indicative of the bid prices currently offered to institutional investors for the securities. The Directors have approved the use of such pricing services. A number of pricing services are available, and the Fund may use various pricing services or discontinue the use of any pricing service. Prices provided by independent pricing services may be determined without relying exclusively on quoted prices and may consider institutional trading in similar groups of securities, yield, quality, stability, risk, coupon rate, maturity, type of issue, trading characteristics, and other market data or factors. From time to time, when prices cannot be obtained from an independent pricing service, securities may be valued based on quotes from broker-dealers or other financial institutions that trade the securities. The following acronyms are used throughout this portfolio: ARM --Adjustable Rate Mortgage REMIC --Real Estate Mortgage Investment Conduit ITEM 2. CONTROLS AND PROCEDURES (a) The registrant's Principal Executive Officer and Principal Financial Officer have concluded that the registrant's disclosure controls and procedures (as defined in rule 30a-3(c) under the Act) are effective in design and operation and are sufficient to form the basis of the certifications required by Rule 30a- (2) under the Act, based on their evaluation of these disclosure controls and procedures within 90 days of the filing date of this report on Form N-Q. (b) There were no changes in the registrant's internal control over financial reporting (as defined in rule 30a-3(d) under the Act) during the last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting. ITEM 3. EXHIBITS SIGNATURES PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934 AND THE INVESTMENT COMPANY ACT OF 1940, THE REGISTRANT HAS DULY CAUSED THIS REPORT TO BE SIGNED ON ITS BEHALF BY THE UNDERSIGNED, THEREUNTO DULY AUTHORIZED. REGISTRANT FEDERATED INTERMEDIATE GOVERNMENT FUND, INC. BY /S/ RICHARD A. NOVAK Richard A. Novak, Principal Financial Officer DATE January 23, 2007 PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934 AND THE INVESTMENT COMPANY ACT OF 1940, THIS REPORT HAS BEEN SIGNED BELOW BY THE FOLLOWING PERSONS ON BEHALF OF THE REGISTRANT AND IN THE CAPACITIES AND ON THE DATES INDICATED. BY /S/ J. CHRISTOPHER DONAHUE J. Christopher Donahue, Principal Executive Officer DATE January 23, 2007 BY /S/ RICHARD A. NOVAK Richard A. Novak, Principal Financial Officer DATE January 23, 2007 EX-99.CERT 2 cert302.txt N-Q Item 3- Exhibits: Certifications I, J. Christopher Donahue, certify that: 1. I have reviewed this report on Form N-Q of Federated Intermediate Government Fund, Inc. ("registrant"); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report, fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: a. designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, 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; c. evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and d. disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officers and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): a. all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and b. any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: January 23, 2007 /S/ J. Christopher Donahue J. Christopher Donahue President - Principal Executive Officer N-Q Item 3- Exhibits: Certifications I, Richard A. Novak, certify that: 1. I have reviewed this report on Form N-Q of Federated Intermediate Government Fund, Inc. ("registrant"); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report, fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: a. designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, 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; c. evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and d. disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officers and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): a. all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and b. any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: January 23, 2007 /S/ Richard A. Novak Richard A. Novak Treasurer - Principal Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----