December 23, 1996
U.S. Securities and Exchange Commission
Attn: Filing Desk
450 5th Street, N.W.
Washington, DC 20549
RE: Rule 24(f)-2 Notice for Trust for Federal Securities
File No. 2-53808
Dear Gentlemen and Ladies:
Pursuant to Rule 24(f)-2 of the Investment Company Act of 1940, the above
referenced Fund hereby files the following:
1. Rule 24(f)-2 Notice; and
2. Opinion of Counsel.
We will obtain confirmation of this filing via our CompuServe account,
72741,733. If there are any questions on this filing I can be reached at
(302) 791-2919.
Very Truly Yours,
Wendy McGee
Legal Assistant
Enclosures
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24f-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
1. Name and address of issuer: Trust for Federal Securities
400 Bellevue Parkway
Wilmington, DE 19809
2. Name of each series or class of funds for which this notice is filed:
FedFund ("FedFund Portfolio Shares")
T-Fund ("T-Fund Portfolio Shares")
FedCash ("FedCash Portfolio Shares")
T-Cash ("T-Cash Portfolio Shares")
Federal Trust Fund ("Federal Trust Portfolio Shares")
Treasury Trust Fund ("Treasury Trust Portfolio Shares")
Short Government Fund ("Short Government Portfolio Shares")
3. Investment Company Act File Number: 811-2573
Securities Act File Number: 2-53808
4. Last day of fiscal year for which this notice is filed: October 31, 1996
5. Check box if this notice is being filed more than 180 days after the
close of the issuer's fiscal year for purposes of reporting securities
sold after the close of the fiscal year but before termination of the
issuer's 24f-2 declaration:
[ ]
6. Date of termination of issuer's declaration under rule 24f-2(a)(1), if
applicable: N/A
7. Number and amount of securities of the same class or series which had
been registered under the Securities Act of 1933 other than pursuant to
rule 24f-2 in a prior fiscal year, but which remained unsold at the
beginning of the fiscal year: None
8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2:
Number of Amount
Name of Portfolios Portfolio Shares of Securities
FedFund Portfolio Shares 1,489,890,670 $1,489,890,670
T-Fund Portfolio Shares 92,884,651 92,884,651
FedCash Portfolio Shares 415,178,101 415,178,101
T-Cash Portfolio Shares 277,682,669 277,682,669
Federal Trust Portfolio 161,890,960 161,890,960
Treasury Trust Portfolio 458,887,641 458,887,641
Short Government Portfolio 1,290,006 12,035,768
9. Number and aggregate sale price of securities sold during the fiscal year:
Number of Aggregate
Name of Portfolios Portfolio Shares Sales Price
FedFund Portfolio Shares 13,091,744,511 $13,091,744,511
T-Fund Portfolio Shares 14,069,332,800 14,069,332,800
FedCash Portfolio Shares 2,163,907,641 2,163,907,641
T-Cash Portfolio Shares 1,916,246,573 1,916,246,573
Federal Trust Portfolio 1,759,666,416 1,759,666,416
Treasury Trust Portfolio 7,377,831,706 7,377,831,706
Short Government Portfolio 112,443 1,060,217
10. Number and aggregate sale price of securities sold during the fiscal year
in reliance upon registration pursuant to rule 24f-2:
Number of Aggregate
Name of Portfolios Portfolio Shares Sales Price
FedFund Portfolio Shares 11,601,853,841 $11,601,853,841
T-Fund Portfolio Shares 13,976,448,149 13,976,448,149
FedCash Portfolio Shares 1,748,729,540 1,748,729,540
T-Cash Portfolio Shares 1,638,563,904 1,638,563,904
Federal Trust Portfolio 1,597,775,456 1,597,775,456
Treasury Trust Portfolio 6,918,944,065 6,918,944,065
Short Government Portfolio NONE NONE
11. Number and aggregate sale price of securities issued during the fiscal
year in connection with dividend reinvestment plans, if applicable:
Number of Aggregate
Name of Portfolios Portfolio Shares Sales Price
FedFund Portfolio Shares 19,010,856 $19,010,856
T-Fund Portfolio Shares 19,893,692 19,893,692
FedCash Portfolio Shares 1,710,860 1,710,860
T-Cash Portfolio Shares 1,359,341 1,359,341
Federal Trust Portfolio 3,353,428 3,353,428
Treasury Trust Portfolio 19,149,426 19,149,426
Short Government Portfolio NONE NONE
12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the fiscal
year in reliance on rule 24f-2 (from Item 10): $ 37,482,314,955
(ii) Aggregate price of shares issued in connection with
dividend reinvestment plans (from Item 11, if applicable): + 64,477,603
(iii) Aggregate price of shares redeemed or repurchased
during the fiscal year (if applicable): - 40,719,661,646
(iv) Aggregate price of shares redeemed or repurchased
and previously applied as a reduction to filing fees
pursuant to rule 24e-2 (if applicable) + 0
(v) Net aggregate price of securities sold and issued
during the fiscal year in reliance on rule 24f-2
[line (i), plus line (ii), less line (iii), plus
line (iv)] (if applicable): $(3,172,869,088)
(vi) Multiplier prescribed by Section 6(b) of the
Securities Act of 1933 or other applicable law
or regulation: / 3300
(vii) Fee due [line (i) or line (v) multiplied by
line (vi)]: $ 0
13. Check box if fees are being remitted to the Commission's lockbox
depository as described in section 3a of the Commission's Rules of
Informal and Other Procedures (17 CFR 202.3a).
[ ]
Date of mailing or wire transfer of filing fees to the Commission's
lockbox depository:
SIGNATURES
This report has been signed below by the following persons on behalf of the
issuer and in the capacities and on the dates indicated.
By: /s/Edward J. Roach
Edward J. Roach
Vice President and Treasurer
Date: December 19, 1996
DRINKER BIDDLE & REATH
1345 Chestnut Street
Philadelphia, PA 19107
December 20, 1996
Via EDGAR Transmission
Trust for Federal Securities
Bellevue Park Corporate Center
400 Bellevue Parkway
Wilmington, Delaware 19809
Re: Rule 24f-2 Notice for Trust for Federal Securities -- FedFund, T-Fund,
FedCash, T-Cash, Federal Trust Fund, Treasury Trust Fund, and Short
Government Fund (Registration No.2-53808)
Ladies and Gentlemen:
We have acted as counsel for Trust for Federal Securities, a Pennsylvania
business trust (the "Company"), and have been informed by the Company of
the registration pursuant to Rule 24f-2 of 11,601,853,841 shares of
beneficial interest ("Shares") in the Company's FedFund portfolio ("FedFund
Portfolio Shares"), 13,976,448,149 shares in the Company's T-Fund portfolio
("T-Fund Portfolio Shares"), 1,748,729,540 shares in the Company's FedCash
portfolio ("FedCash Portfolio Shares"), 1,638,563,904 shares in the Company's
T-Cash portfolio ("T-Cash Portfolio Shares"), 1,597,775,456 shares in the
Company's Federal Trust Fund portfolio ("Federal Trust Portfolio Shares")
and 6,918,944,065 shares in the Company's Treasury Trust Fund portfolio
("Treasury Trust Portfolio Shares") (collectively hereinafter referred to as
"Portfolio Shares") under the Securities Act of 1933. During the Company's
fiscal year ended October 31, 1996, all of the foregoing Portfolio Shares
were registered pursuant to Rule 24f-2 under the Investment Company Act of
1940. The Company is authorized to issue an unlimited number of Portfolio
Shares, without par value.
We have reviewed the Company's Declaration of Trust, as amended, its By-Laws,
resolutions adopted by its Board of Trustees and shareholders, the Company's
Rule 24f-2 Notice dated December 20, 1996 and such other legal and factual
matters as we have deemed appropriate.
On the basis of the foregoing, we are of the opinion that the aforementioned
Portfolio Shares registered pursuant to Rule 24f-2 were, when issued for
payment as described in the Company's Prospectuses, validly issued, fully
paid, and non-assessable by the Company.
Under Pennsylvania law, shareholders could, under certain circumstances, be
held personally liable for the obligations of the Company. However, the
Declaration of Trust disclaims shareholder liability for acts or obligations
of the Company and requires that notice of such disclaimer be given in any
written agreement, undertaking or obligation made or issued on behalf of the
Company. The Declaration of Trust provides for indemnification out of the
assets of the Company for all loss and expense of any shareholder held
personally liable solely by reason of his or her being or having been a
shareholder. Thus, the risk of a shareholder's incurring financial loss on
account of shareholder liability is limited to circumstances in which the
Company itself would be unable to meet its obligations.
We hereby consent to the filing of this opinion with the Securities and
Exchange Commission as part of the Company's Rule 24f-2 Notice.
Very truly yours,
/s/ DRINKER BIDDLE & REATH
DRINKER BIDDLE & REATH
