Federated Investors, Inc.

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

4000 Ericsson Drive

Warrendale, PA 15086-7561

(Address of Principal Executive Offices)

(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: 02/28/2013

Date of Reporting Period: Quarter ended 11/30/2012

Item 1. Schedule of Investments

Federated Intermediate Government Fund, Inc.

Portfolio of Investments

November 30, 2012 (unaudited)

Principal Amount			Value
		GOVERNMENT AGENCIES—63.9%
		Federal Home Loan Bank System—19.5%
$2,500,000		3.625%, 5/29/2013	$2,542,917
2,500,000		5.000%, 11/17/2017	3,019,138
		TOTAL	5,562,055
		Federal Home Loan Mortgage Corporation—16.2%
2,000,000		3.750%, 3/27/2019	2,326,869
2,250,000		4.500%, 7/15/2013	2,310,672
		TOTAL	4,637,541
		Federal National Mortgage Association—28.2%
6,500,000		0.500%, 5/27/2015 - 9/28/2015	6,521,475
1,500,000		1.625%, 10/26/2015	1,552,878
		TOTAL	8,074,353
		TOTAL GOVERNMENT AGENCIES (IDENTIFIED COST $17,657,359)	18,273,949
		Mortgage-Backed Securities—14.8%
		Federal Home Loan Mortgage Corporation—0.0%
1,249		6.500%, 12/1/2015	1,326
		Federal National Mortgage Association—14.8%
4,000,000	¹	3.000%, 12/1/2027	4,216,875
		TOTAL MORTGAGE-BACKED SECURITIES (IDENTIFIED COST $4,209,155)	4,218,201
		Collateralized Mortgage Obligations—21.6%
		Federal Home Loan Mortgage Corporation—3.6%
150,695		REMIC 2411 FJ, 0.558%, 12/15/2029	150,224
764,784		REMIC 2458 FB, 1.208%, 1/15/2032	776,500
110,216		REMIC 2534 FI, 1.108%, 2/15/2032	111,638
		TOTAL	1,038,362
		Federal National Mortgage Association—18.0%
64,348		REMIC 1993-220 FA, 0.819%, 11/25/2013	64,471
1,422,641	²	REMIC 1999-51 F, 0.708%, 9/17/2029	1,426,942
1,211,861		REMIC 2006-58 FP, 0.508%, 7/25/2036	1,213,064
963,435	²	REMIC 370 F21, 0.508%, 6/1/2036	964,128
1,479,720	²	REMIC 2006-85 PF, 0.588%, 9/25/2036	1,482,187
		TOTAL	5,150,792
		TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (IDENTIFIED COST $6,170,266)	6,189,154
		U.S. Treasury—1.8%
		U.S. Treasury Note—1.8%
500,000		United States Treasury Notes, 1.750%, 5/15/2022 (IDENTIFIED COST $501,022)	509,695

Principal Amount			Value
		Repurchase Agreement—12.5%
$3,563,000	²	Interest in $3,810,000,000 joint repurchase agreement 0.23%, dated 11/30/2012 under which Bank of America, N.A. will repurchase securities provided as collateral for $3,810,073,025 on 12/3/2012. The securities provided as collateral at the end of the period held with The Bank of New York Mellon, tri-party agent, were U.S. Government Agency securities with various maturities to 9/20/2042 and the market value of those underlying securities was $3,886,274,486.	$3,563,000
		TOTAL INVESTMENTS—114.6% (IDENTIFIED COST $32,100,802)³	32,753,999
		OTHER ASSETS AND LIABILITIES - NET—(14.6)%⁴	(4,171,173)
		TOTAL NET ASSETS—100%	$28,582,826

At November 30, 2012, the Fund had the following outstanding futures contracts:

Description	Number of Contracts	Notional Value	Expiration Date	Unrealized Appreciation
⁵United States Treasury Bond 30-Year Long Futures	2	$300,125	March 2013	$1,574
⁵United States Treasury Notes 5-Year Long Futures	40	$4,988,750	March 2013	$11,785
TOTAL UNREALIZED APPRECIATION ON FUTURES CONTRACTS				$13,359

The average notional value of long and short futures contracts held by the Fund throughout the period was $11,705,880 and $1,462,656, respectively. This is based on the amounts held as of each month-end throughout the nine month period.

Total Unrealized Appreciation on Futures Contracts is included in “Other Assets and Liabilities—Net.”

1	All or a portion of these To Be Announced Securities (TBA) are subject to a dollar-roll transaction.
2	All or a portion of these securities are segregated pending settlement of dollar-roll transactions.
3	At November 30, 2012, the cost of investments for federal tax purposes was $32,100,802. The net unrealized appreciation of investments for federal tax purposes excluding any unrealized appreciation resulting from futures contracts was $653,197. This consists of net unrealized appreciation from investments for those securities having an excess of value over cost of $656,233 and net unrealized depreciation from investments for those securities having an excess of cost over value of $3,036.
4	Assets, other than investments in securities, less liabilities. A significant portion of this balance is the result of dollar-roll transactions as of November 30, 2012.
5	Non-income producing security.

Note: The categories of investments are shown as a percentage of total net assets at November 30, 2012.

Investment Valuation

In calculating its net asset value (NAV), the Fund generally values investments as follows:

■	Fixed-income securities acquired with remaining maturities greater than 60 days are fair valued using price evaluations provided by a pricing service approved by the Fund's Board of Directors (the “ Directors”).
■	Fixed-income securities acquired with remaining maturities of 60 days or less are valued at their cost (adjusted for the accretion of any discount or amortization of any premium), which approximates market value.
■	Shares of other mutual funds are valued based upon their reported NAVs.
■	Derivative contracts listed on exchanges are valued at their reported settlement or closing price.
■	Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Directors.
■	For securities that are fair valued in accordance with procedures established by and under the general supervision of the Directors, certain factors may be considered such as: the purchase price of the security, information obtained by contacting the issuer, analysis of the issuer's financial statements or other available documents, fundamental analytical data, the nature and duration of restrictions on disposition, the movement of the market in which the security is normally traded and public trading in similar securities of the issuer or comparable issuers.

If the Fund cannot obtain a price or price evaluation from a pricing service for an investment, the Fund may attempt to value the investment based upon the mean of bid and asked quotations or fair value the investment based on price evaluations, from one or more dealers. If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could purchase or sell an investment at the price used to calculate the Fund's NAV.

Fair Valuation and Significant Events Procedures

The Directors have appointed a Valuation Committee comprised of officers of the Fund, Federated Investment Management Company (“Adviser”) and the Adviser's affiliated companies to determine fair value of securities and in overseeing the calculation of the NAV. The Directors have also authorized the use of pricing services recommended by the Valuation Committee to provide fair value evaluations of the current value of certain investments for purposes of calculating the NAV. The Valuation Committee employs various methods for reviewing third-party pricing service evaluations including periodic reviews of third-party pricing services' policies, procedures and valuation methods (including key inputs and

assumptions), transactional back-testing, comparisons of evaluations of different pricing services, and review of price challenges by the Adviser based on recent market activity. In the event that market quotations and price evaluations are not available for an investment, the Valuation Committee determines the fair value of the investment in accordance with procedures adopted by the Directors. The Directors periodically review and approve the fair valuations made by the Valuation Committee and any changes made to the procedures.

Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a “bid” evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and asked for the investment (a “mid” evaluation). The Fund normally uses bid evaluations for U.S. Treasury and Agency securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for other types of fixed-income securities and OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Directors.

The Directors also have adopted procedures requiring an investment to be priced at its fair value whenever the Adviser determines that a significant event affecting the value of the investment has occurred between the time as of which the price of the investment would otherwise be determined and the time as of which the NAV is computed. An event is considered significant if there is both an affirmative expectation that the investment's value will change in response to the event and a reasonable basis for quantifying the resulting change in value. Examples of significant events that may occur after the close of the principal market on which a security is traded, or after the time of a price evaluation provided by a pricing service or a dealer, include:

■	Political or other developments affecting the economy or markets in which an issuer conducts its operations or its securities are traded; and
■	Announcements concerning matters such as acquisitions, recapitalizations, litigation developments, a natural disaster affecting the issuer's operations or regulatory changes or market developments affecting the issuer's industry.

The Fund may seek to obtain more current quotations or price evaluations from alternative pricing sources. If a reliable alternative pricing source is not available, the Fund will determine the fair value of the investment using another method approved by the Directors.

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below:

Level 1— quoted prices in active markets for identical securities, including investment companies with daily net asset values, if applicable.

Level 2— other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Also includes securities valued at amortized cost.

Level 3— significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used, as of November 30, 2012, in valuing the Fund's assets carried at fair value:

Valuation Inputs
	Level 1— Quoted Prices and Investments in Mutual Funds	Level 2— Other Significant Observable Inputs	Level 3— Significant Unobservable Inputs	Total
Debt Securities:
Government Agencies	$—	$18,273,949	$—	$18,273,949
Mortgage-Backed Securities	—	4,218,201	—	4,218,201
Collateralized Mortgage Obligations	—	6,189,154	—	6,189,154
U.S. Treasury	—	509,695	—	509,695
Repurchase Agreements	—	3,563,000	—	3,563,000
TOTAL SECURITIES	$—	$32,753,999	$—	$32,753,999
OTHER FINANCIAL INSTRUMENTS*	$13,359	$—	$—	$13,359

*	Other financial instruments include futures contracts.

The following acronym is used throughout this portfolio:

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 22, 2013

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 22, 2013

By /S/ Richard A. Novak

Richard A. Novak

Principal Financial Officer

Date January 22, 2013