|
|
|
|
|
|
|
|
|
|
Previous: FEDERATED GOVERNMENT INCOME SECURITIES INC, 497, 1997-12-29 |
Next: NEW JERSEY RESOURCES CORP, 10-K405, 1997-12-29 |
[Adopted in Release No. IC-17085 ( 84,434), effective September 25, 1989,
54 F.R.32048]
U.S. Securities and Exchange Commission
Washington DC 20549
FORM N-17F-2
Form N-17f-2
Certificate of Accounting of Securities and Similar Investments in the Custody
of Management Investment Companies
Pursuant to Rule 17f-2 [17CFR 270.17f-2]
- --------------------------------------------------------------------------------
1. Investment Company Act File Number: 811-3313 Date Examination Complete:
First American Funds, Inc.
(See attached Exhibit A - State Registration
Report for a list of portfolios and classes) 9/30/97
- ----------------------------------------------------------------------------
2. State Identification Number
See attached Exhibit B for list of states where fund is authorized to
sell and the associated permit number
- --------------------------------------------------------------------------
3. Exact number of investment company as specified in registration statement:
002-74747
- ----------------------------------------------------------------------------
4. Address of principal executive office: (number, street, city, state, zip
code)
1 Freedom Valley Road, Oaks, PA 19456
- ----------------------------------------------------------------------------
INSTRUCTIONS
This form must be completed by the investment companies that have custody of
securities or similar investments.
Investment Company
<PAGE>
INDEPENDENT AUDITORS' REPORT
The Board of Directors of
First American Funds Inc.:
We have examined management's assertion included in its representation letter
that Prime Obligations Fund, Government Obligations Fund, and Treasury
Obligations Fund of First American Funds, Inc. (the Funds) complied with the
requirements of subsections (b) and (c) of Rule 17f-2 under the Investment
Company Act of 1940 as of September 30, 1997. Management is responsible for the
Funds' compliance with those requirements. Our responsibility is to express an
opinion on management's assertion about the Funds' compliance based on our
examination.
Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about the Funds' compliance with those
requirements and performing such other procedures as we considered necessary in
the circumstances. Included among our procedures were the following tests
performed as of September 30, 1997, and with respect to agreement of security
purchases and sales, for the period from February 28, 1997 (the date of our last
examination) through September 30, 1997:
* Count and inspection of underlying documentation of all securities
designated as being held in the vault of First Trust National
Association, the Custodian;
* Confirmation of all securities held by institutions in book entry form
(Federal Reserve Bank of Minneapolis, Bankers Trust Company, and The
Depository Trust Company), examination of selected security position
reconciliations, and confirmation of other securities with the issuers
(Barclays Bank PLC, Toronto-Dominion Bank and Commonwealth Life
Insurance Company);
* Confirmation of repurchase agreements with counterparty banks and
broker-dealers;
* Confirmation or examination of underlying documentation, on a test
basis, for securities purchased but not received, securities on loan,
hypothecated, pledged, placed in escrow, or out for transfer with
broker-dealers and/or transfer agents;
* Reconciliation of all such securities to the books and records of the
Funds and the Custodian; and
* Test of security transactions since our last report.
<PAGE>
We believe that our examination provides a reasonable basis for our opinion. Our
examination does not provide a legal determination on the Funds' compliance with
the specified requirements.
In our opinion, management's assertion that the Funds were in compliance with
the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment
Company Act of 1940 as of September 30, 1997 with respect to securities
reflected in the investment accounts of the Funds is fairly stated, in all
material respects.
This report is intended solely for the information and use of management of
First American Funds, Inc. and the Securities and Exchange Commission and should
not be used for any other purpose.
KPMG Peat Marwick LLP
Minneapolis, Minnesota
November 7, 1997
<PAGE>
EXHIBIT A
AUTOMATED BUSINESS DEVELOPMENT
CLEAR SKY DIVISION
STATE REGISTRATION REPORT AS OF: 12/15/97 @ 16:00:06
<TABLE>
<CAPTION>
GROUP: FAF
FUND NAMES FUND CODE AK AL AR AZ CA CO CT DC DE FL GA HI IA ID IL IN
<S> <C>
FA - Prime Obligations Fund - Retail Class A | FA01A | X | X | X | X | X | X | X | X | X | X | X | X | X | X | X | X |
| | | | | | | | | | | | | | | | | |
FA - Prime Obligations Fund - Retail Class B |FA01B | X | X | X | X | X | X | X | X | X | X | X | X | X | X | X | X |
| | | | | | | | | | | | | | | | | |
FA - Prime Obligations Fund - Institutional Class |FA01I | | | | X | X | X | | X | | X | X | X | | | X | |
| | | | | | | | | | | | | | | | | |
FA - Treasury Obligations Fund - Class A (f/k/a Treasury |FA02A | X | X | X | X | X | X | X | X | X | X | X | X | X | X | X | X |
Obligations Fund) - Class A SEC effective 10-8-97 | | | | | | | | | | | | | | | | | |
FA - Treasury Obligations Fund - Class D |FA02D | | | | | | | | X | | X | | | | | | |
Sales are Blue Sky exempt | | | | | | | | | | | | | | | | | |
FA - Treasury Obligations Fund - Institutional Class |FA02I | | | | X | X | X | | X | | X | X | | | | X | X |
| | | | | | | | | | | | | | | | | |
FA - Government Obligations Fund - Class D |FA03D | | | | | | | | X | | X | | X | | | | |
Sales are Blue Sky exempt | | | | | | | | | | | | | | | | | |
FA - Government Obligations Fund - Institutional Class |FA03I | | | | X | X | X | | X | | X | X | X | | | X | |
| | | | | | | | | | | | | | | | | |
</TABLE>
[WIDE TABLE CONTINUED FROM ABOVE]
<TABLE>
<CAPTION>
KS KY LA MA MD ME MI MN MO MS
<S> <C>
X | X | X | X | X | X | X | X | X | X |
| | | | | | | |
X | X | X | X | X | X | X | X | X | X |
| | | | | | | | | |
| | | X | | | | X | X | |
| | | | | | | | | |
X | X | X | X | X | X | X | X | X | X |
| | | | | | | | | |
| | | | | | | | | |
| | | | | | | | | |
| | | X | X | | | X | X | |
| | | | | | | | | |
| | | | | | | | | |
| | | | | | | | | |
| | | X | | | | X | X | |
| | | | | | | | | |
</TABLE>
<TABLE>
<CAPTION>
GROUP:FAF
FUND NAMES FUND CODE MT NC ND NE NH NJ NM NV NY OH OK OR PA PR RI SC
<S> <C>
FA - Prime Obligations Fund - Retail Class A |FA01A | X | X | X | X | X | X | X | X | X | X | X | X | X | | X | X |
| | | | | | | | | | | | | | | | | |
FA - Prime Obligations Fund - Retail Class B |FA01B | X | X | X | X | X | X | X | X | X | X | X | X | X | | X | X |
| | | | | | | | | | | | | | | | | |
FA - Prime Obligations Fund - Institutional Class |FA01I | X | X | X | | | X | | | X | | | | X | | X | |
| | | | | | | | | | | | | | | | | |
FA - Treasury Obligations Fund - Class A (f/k/a Treasury |FA02A | X | X | X | X | X | X | X | X | X | X | X | X | X | | X | X |
Obligations Fund) - Class A SEC effective 10-8-97 | | | | | | | | | | | | | | | | | |
FA - Treasury Obligations Fund - Class D |FA02D | | | | | | X | | | | | | | | | | |
Sales are Blue Sky exempt | | | | | | | | | | | | | | | | | |
FA - Treasury Obligations Fund - Institutional Class |FA02I | X | X | X | | | X | | | | | | | X | | | |
| | | | | | | | | | | | | | | | | |
FA - Government Obligations Fund - Class D |FA03D | | X | | | | X | | | X | | | | X | | | |
Sales are Blue Sky exempt | | | | | | | | | | | | | | | | | |
FA - Government Obligations Fund - Institutional Class |FA03I | X | X | X | | | X | | | X | | | | X | | | |
| | | | | | | | | | | | | | | | | |
</TABLE>
[WIDE TABLE CONTINUED FROM ABOVE]
<TABLE>
<CAPTION>
SD TN TX UT VA VT WA WI WV WY
<S> <C>
X | X | X | X | X | X | X | X | X | X |
| | | | | | | | | |
X | X | X | X | X | X | X | X | X | X |
| | | | | | | | | |
X | | X | | X | | | X | X | X |
| | | | | | | | | |
X | X | X | X | X | X | X | X | X | X |
| | | | | | | | | |
| | | | | | | | | |
| | | | | | | | | |
X | | X | | X | | | X | | X |
| | | | | | | | | |
| | | | X | | | | | |
| | | | | | | | | |
X | | X | | X | | | X | X | X |
| | | | | | | | | |
</TABLE>
<PAGE>
EXHIBIT B - STATE PERMIT REPORT
<TABLE>
<CAPTION>
FUND NAME STATE FILING TYPE FILE NUMBER
<S> <C> <C> <C>
First American Funds, Inc.
CALIFORNIA A = Annual 505 6725
COLORADO A = Annual IC-91-01-702
GEORGIA O = Other 56-930159
ILLINOIS A = Annual R9735621
INDIANA A = Annual 88-0152-IC
MINNESOTA G = Good Until S 19252
NORTH CAROLINA G = Good Until S 3015
PENNSYLVANIA A = Annual 93-01-038MF
VIRGINIA A = Annual 1901
WEST VIRGINIA G = Good Until S BC-735
WYOMING O = Other 18017
FA - Retail Prospectus
KENTUCKY A = Annual M32631
LOUISIANA A = Annual 49371
OHIO O = Other 97102
OKLAHOMA A = Annual I-140997
OREGON A = Annual 95-0883
UTAH A = Annual 2-8087-06
FA - Class A Shares Prospectus
KENTUCKY A = Annual
LOUISIANA A = Annual 52535
OHIO O = Other 11107
OKLAHOMA A = Annual I-404097
OREGON A = Annual
UTAH A = Annual 6-6237-51
FA - Prime Obligation Fund
ALASKA O = Other 96-02331
ALABAMA A = Annual 703332
ARKANSAS A = Annual 93-M0075-01
CONNECTICUT A = Annual SI38878
DELAWARE A = Annual
HAWAII A = Annual
IDAHO A = Annual 43527
KANSAS A = Annual 93S0001498
MISSOURI A = Annual
NEVADA A = Annual
NEW YORK O = Other S 26 29 43
RHODE ISLAND A = Annual
SOUTH CAROLINA A = Annual MF7498
FA - Prime Obligations Fund - Retail Class A
ARIZONA A = Annual S-0032840-QUAL
IOWA A = Annual I-18250
MASSACHUSETTS A = Annual 95-3510
MARYLAND A = Annual SM930592
MAINE A = Annual MF-R 98-902
MICHIGAN A = Annual 222541
MISSISSIPPI G = Good Until S MF-93-05-039
MONTANA A = Annual 031041
NORTH DAKOTA A = Annual 1426
NEBRASKA A = Annual 012009
NEW HAMPSHIRE A = Annual
NEW MEXICO A = Annual 973472
OKLAHOMA O = Other I-140997
SOUTH DAKOTA G = Good Until S 8962
TENNESSEE A = Annual RM97-1059
TEXAS G = Good Until S C-42073
VERMONT A = Annual 4/18/96-19
WASHINGTON G = Good Until S C-54543
WISCONSIN A = Annual 106223-03
FA - Prime Obligations Fund - Retail Class B
ARIZONA A = Annual S-0049761-QUAL
IOWA A = Annual I-36063
MASSACHUSETTS A = Annual 95-3863-M
MARYLAND A = Annual SM951433
MAINE A = Annual 96-8287
MICHIGAN A = Annual 223522
MISSISSIPPI G = Good Until S MF-96-04-127
MONTANA A = Annual 032806
NORTH DAKOTA A = Annual M059
NEBRASKA A = Annual 015863
NEW HAMPSHIRE A = Annual
NEW MEXICO A = Annual 963904
OKLAHOMA O = Other I-140997
SOUTH DAKOTA G = Good Until S 20917
TENNESSEE A = Annual M97-1059
TEXAS G = Good Until S C-51050
VERMONT A = Annual 9/18/95-33
WASHINGTON G = Good Until S C-53335
WISCONSIN A = Annual 296482-03
FA - Prime Obligations Fund - Institutional Class
ARIZONA A = Annual S-0033318-QUAL
MASSACHUSETTS A = Annual 95-3511
MONTANA A = Annual 031042
NORTH DAKOTA G = Good Until S J054
OREGON N = Not Register
SOUTH DAKOTA G = Good Until S 19244
TEXAS G = Good Until S C-51049
WISCONSIN A = Annual 276328-03
FA - Treasury Obligations Fund
ALASKA O = Other
ALABAMA A = Annual
ARKANSAS A = Annual
CONNECTICUT A = Annual SI44509
DELAWARE A = Annual
HAWAII A = Annual
IDAHO A = Annual 48403
KANSAS A = Annual
MISSOURI A = Annual 0001-66837
MONTANA A = Annual
NEVADA A = Annual
NEW YORK O = Other S 26 48 11
RHODE ISLAND A = Annual
SOUTH CAROLINA A = Annual
FA - Treasury Obligations Fund - Class A (f/k/a Treasury
<PAGE>
EXHIBIT B - STATE PERMIT REPORT
FUND NAME STATE FILING TYPE FILE NUMBER
ARIZONA A = Annual S-0055840-Qual
IOWA A = Annual
MASSACHUSETTS A = Annual
MARYLAND A = Annual
MAINE A = Annual
MICHIGAN A = Annual
MISSISSIPPI A = Annual MF-97-09-195
NORTH DAKOTA G = Good Until S T917
NEBRASKA A = Annual 017795
NEW HAMPSHIRE A = Annual
NEW MEXICO A = Annual
SOUTH DAKOTA A = Annual 11498
TENNESSEE A = Annual M98-0659
TEXAS G = Good Until S C-53989
VERMONT A = Annual 9/25/97-54
WASHINGTON G = Good Until S C-57014
WISCONSIN A = Annual 336435-03
WEST VIRGINIA G = Good Until S
FA - Treasury Obligations Fund - Institutional Class
ARIZONA A = Annual S-0043287-QUAL
MASSACHUSETTS A = Annual 95-3513
MARYLAND A = Annual SM951434
MONTANA A = Annual 33420
NORTH DAKOTA A = Annual M058
SOUTH DAKOTA G = Good Until S 20916
TEXAS G = Good Until S C-47041
WISCONSIN A = Annual 296483-03
FA - Government Obligations Fund
HAWAII A = Annual
MISSOURI A = Annual
NEW YORK O = Other S 26 51 54
FA - Government Obligations Fund - Institutional Class
ARIZONA A = Annual S-0033317-QUAL
MASSACHUSETTS A = Annual 95-3512
MONTANA A = Annual 031043
NORTH DAKOTA G = Good Until S J053
SOUTH DAKOTA G = Good Until S 19245
TEXAS G = Good Until S C-51048
WISCONSIN A = Annual 276329-03
</TABLE>
|
|