IDS FEDERAL INCOME FUND INC
NSAR-B, 1995-08-29
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<PAGE>      PAGE  1
000 B000000 06/30/95
000 C000000 0000764802
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 IDS FEDERAL INCOME FUND, INC.
001 B000000 811-4260
001 C000000 6126712772
002 A000000 IDS TOWER 10
002 B000000 MINNEAPOLIS
002 C000000 MN
002 D010000 55440
002 D020000 0010
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  3
007 C010100  1
007 C020100 IDS FEDERAL INCOME FUND CLASS A
007 C030100 N
007 C010200  2
007 C020200 IDS FEDERAL INCOME FUND CLASS B
007 C030200 N
007 C010300  3
007 C020300 IDS FEDERAL INCOME FUND CLASS Y
007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 AMERICAN EXPRESS FINANCIAL CORPORATION
008 B00AA01 A
008 C00AA01 801-14721
008 D01AA01 MINNEAPOLIS
008 D02AA01 MN
008 D03AA01 55440
008 D04AA01 0010
011 A00AA01 AMERICAN EXPRESS FINANCIAL ADVISORS INC.
011 B00AA01 8-16791
011 C01AA01 MINNEAPOLIS
011 C02AA01 MN
011 C03AA01 55440
<PAGE>      PAGE  2
011 C04AA01 0010
012 A00AA01 AMERICAN EXPRESS FINANCIAL CORPORATION
012 B00AA01 84-456
012 C01AA01 MINNEAPOLIS
012 C02AA01 MN
012 C03AA01 55440
012 C04AA01 0010
014 A00AA01 AMERICAN EXPRESS FINANCIAL CORPORATION
014 B00AA01 8-31250
014 A00AA02 AMERICAN EXPRESS FINANCIAL ADVISORS INC.
014 B00AA02 8-16791
014 A00AA03 IDS LIFE INSURANCE COMPANY
014 B00AA03 8-14124
014 A00AA04 IDS SECURITIES CORPORATION
014 B00AA04 8-12550
014 A00AA05 MERCER ALLIED CORPORATION
014 B00AA05 8-20745
014 A00AA06 AMERICAN EXPRESS SERVICE CORPORATION
014 B00AA06 8-27456
014 A00AA07 AMERICAN ENTERPRISE INVESTMENT SERVICES INC.
014 B00AA07 8-42582
015 A00AA01 AMERICAN EXPRESS TRUST COMPANY
015 B00AA01 C
015 C01AA01 MINNEAPOLIS
015 C02AA01 MN
015 C03AA01 55402
015 C04AA01 2307
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   38
019 C00AA00 IDSMUTFDGR
020 C000001      0
020 C000002      0
020 C000003      0
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        0
022 A000001 MERRILL LYNCH & CO., INC.
022 B000001 13-5674085
022 C000001   1095093
022 D000001    456642
022 A000002 GOLDMAN SACHS & CO.
022 B000002 13-5108880
022 C000002   1195843
022 D000002    332621
<PAGE>      PAGE  3
022 A000003 SALOMON BROTHERS INC.
022 B000003 13-3082694
022 C000003    707472
022 D000003    755324
022 A000004 MORGAN STANLEY & CO., INC.
022 B000004 13-2655998
022 C000004    586840
022 D000004    441971
022 A000005 LEHMAN COMMERCIAL PAPER INC.
022 B000005 13-2501865
022 C000005    433285
022 D000005    217839
022 A000006 J.P. MORGAN SECURITIES INC.
022 B000006 13-3224016
022 C000006    325845
022 D000006    148903
022 A000007 LEHMAN BROTHERS INC.
022 B000007 13-2518466
022 C000007     89755
022 D000007    197822
022 A000008 NATIONSBANK
022 B000008 75-0520130
022 C000008    206094
022 D000008     40516
022 A000009 DAIWA SECURITES CO. LTD
022 B000009 13-5680329
022 C000009    197200
022 D000009         0
022 A000010 CS FIRST BOSTON GROUP
022 B000010 13-5659485
022 C000010    133214
022 D000010     55742
023 C000000    5655011
023 D000000    2988518
028 A01AA00     50098
028 A02AA00      4277
028 A03AA00         0
028 A04AA00     56265
028 B01AA00     45943
028 B02AA00      4496
028 B03AA00         0
028 B04AA00     56456
028 C01AA00    365271
028 C02AA00      5929
028 C03AA00         0
028 C04AA00    157976
028 D01AA00     82424
028 D02AA00      6612
028 D03AA00         0
028 D04AA00     61656
028 E01AA00    102030
<PAGE>      PAGE  4
028 E02AA00      6405
028 E03AA00         0
028 E04AA00     74102
028 F01AA00    105667
028 F02AA00      6605
028 F03AA00         0
028 F04AA00     80294
028 G01AA00    751433
028 G02AA00     34324
028 G03AA00         0
028 G04AA00    486749
028 H00AA00    174160
062 A00AA00 Y
062 B00AA00   0.0
062 C00AA00   0.3
062 D00AA00   0.0
062 E00AA00   0.0
062 F00AA00   0.0
062 G00AA00   0.0
062 H00AA00   0.0
062 I00AA00   0.7
062 J00AA00   0.0
062 K00AA00   0.0
062 L00AA00   0.1
062 M00AA00  17.5
062 N00AA00  78.2
062 O00AA00   0.0
062 P00AA00   0.1
062 Q00AA00   0.0
062 R00AA00   0.0
063 A00AA00   0
063 B00AA00 11.2
064 A00AA00 Y
064 B00AA00 N
070 A01AA00 Y
070 A02AA00 N
070 B01AA00 N
070 B02AA00 N
070 C01AA00 Y
070 C02AA00 Y
070 D01AA00 N
070 D02AA00 N
070 E01AA00 Y
070 E02AA00 Y
070 F01AA00 N
070 F02AA00 N
070 G01AA00 Y
070 G02AA00 Y
070 H01AA00 N
070 H02AA00 N
070 I01AA00 N
<PAGE>      PAGE  5
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 N
070 K01AA00 Y
070 K02AA00 N
070 L01AA00 N
070 L02AA00 N
070 M01AA00 N
070 M02AA00 N
070 N01AA00 Y
070 N02AA00 Y
070 O01AA00 Y
070 O02AA00 N
070 P01AA00 Y
070 P02AA00 Y
070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 N
070 R02AA00 N
071 A00AA00   2497251
071 B00AA00   2330573
071 C00AA00   1094946
071 D00AA00  213
072 A00AA00 12
072 B00AA00    80861
072 C00AA00        0
072 D00AA00        0
072 E00AA00        0
072 F00AA00     5683
072 G00AA00      177
072 H00AA00       12
072 I00AA00     1329
072 J00AA00       91
072 K00AA00      205
072 L00AA00       29
072 M00AA00       24
072 N00AA00      169
072 O00AA00        0
072 P00AA00        0
072 Q00AA00        0
072 R00AA00       35
072 S00AA00        0
072 T00AA00      874
072 U00AA00        0
072 V00AA00        0
072 W00AA00      626
072 X00AA00     9254
072 Y00AA00        0
072 Z00AA00    71607
072AA00AA00     7720
072BB00AA00    31386
<PAGE>      PAGE  6
072CC01AA00    52858
072CC02AA00        0
072DD01AA00    70499
072DD02AA00        0
072EE00AA00        0
073 A01AA00   0.0000
073 A02AA00   0.0000
073 B00AA00   0.0000
073 C00AA00   0.0000
074 A00AA00        0
074 B00AA00        0
074 C00AA00    14252
074 D00AA00  1298060
074 E00AA00        0
074 F00AA00        0
074 G00AA00        0
074 H00AA00        0
074 I00AA00        0
074 J00AA00   154068
074 K00AA00        0
074 L00AA00    11255
074 M00AA00    31368
074 N00AA00  1509003
074 O00AA00   107581
074 P00AA00      877
074 Q00AA00        0
074 R01AA00        0
074 R02AA00        0
074 R03AA00     7628
074 R04AA00    38160
074 S00AA00        0
074 T00AA00  1354757
074 U01AA00   272770
074 U02AA00        0
074 V01AA00     0.00
074 V02AA00     0.00
074 W00AA00   0.0000
074 X00AA00   103789
074 Y00AA00        0
075 A00AA00        0
075 B00AA00  1173672
076  00AA00     0.00
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 Y
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
<PAGE>      PAGE  7
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078  000000 N
080 A00AA00 RELIANCE INSURANCE COMPANY
080 C00AA00     1250
081 A00AA00 N
081 B00AA00   0
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
029  000100 Y
030 A000100  22591
030 B000100  5.00
030 C000100  0.50
031 A000100   7896
031 B000100      0
032  000100      0
033  000100  14695
034  000100 N
035  000100      0
036 B000100      0
037  000100 N
038  000100      0
039  000100 N
040  000100 Y
041  000100 Y
042 A000100   0
042 B000100   0
042 C000100   0
042 D000100   0
042 E000100   0
042 F000100   0
042 G000100   0
042 H000100 100
043  000100    340
044  000100      0
029  000200 N
030 A000200      0
<PAGE>      PAGE  8
030 B000200  0.00
030 C000200  0.00
031 A000200      0
031 B000200      0
032  000200      0
033  000200      0
034  000200 Y
035  000200     86
036 A000200 N
036 B000200      0
037  000200 N
038  000200      0
039  000200 N
040  000200 Y
041  000200 Y
042 A000200   0
042 B000200   0
042 C000200   0
042 D000200   0
042 E000200   0
042 F000200   0
042 G000200   0
042 H000200 100
043  000200    534
044  000200      0
029  000300 N
030 A000300      0
030 B000300  0.00
030 C000300  0.00
031 A000300      0
031 B000300      0
032  000300      0
033  000300      0
034  000300 N
035  000300      0
036 B000300      0
037  000300 N
038  000300      0
039  000300 N
040  000300 N
041  000300 N
042 A000300   0
042 B000300   0
042 C000300   0
042 D000300   0
042 E000300   0
042 F000300   0
042 G000300   0
042 H000300   0
043  000300      0
044  000300      0
<PAGE>      PAGE  9
SIGNATURE   LESLIE L. OGG                                
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 1
   <NAME> IDS FEDERAL INCOME FUND CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1995
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                       1281797084
<INVESTMENTS-AT-VALUE>                      1312311439
<RECEIVABLES>                                165322884
<ASSETS-OTHER>                                31368435
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              1509002758
<PAYABLE-FOR-SECURITIES>                     107580812
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     46665304
<TOTAL-LIABILITIES>                          154246116
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    1388892549
<SHARES-COMMON-STOCK>                        196735958
<SHARES-COMMON-PRIOR>                        211642136
<ACCUMULATED-NII-CURRENT>                       668460
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     (57644807)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      22840440
<NET-ASSETS>                                1354756642
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             80861516
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (9254208)
<NET-INVESTMENT-INCOME>                       71607308
<REALIZED-GAINS-CURRENT>                    (23666307)
<APPREC-INCREASE-CURRENT>                     52857972
<NET-CHANGE-FROM-OPS>                        100798973
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   (64225838)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      133036559
<NUMBER-OF-SHARES-REDEEMED>                (159116207)
<SHARES-REINVESTED>                           11239784
<NET-CHANGE-IN-ASSETS>                       329434836
<ACCUMULATED-NII-PRIOR>                       57385576
<ACCUMULATED-GAINS-PRIOR>                   (24752055)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          5683320
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                9254208
<AVERAGE-NET-ASSETS>                         998099371
<PER-SHARE-NAV-BEGIN>                             4.85
<PER-SHARE-NII>                                    .32
<PER-SHARE-GAIN-APPREC>                            .11
<PER-SHARE-DIVIDEND>                             (.31)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               4.97
<EXPENSE-RATIO>                                    .79
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 2
   <NAME> IDS FEDERAL INCOME FUND CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   OTHER
<FISCAL-YEAR-END>                          JUN-30-1995
<PERIOD-START>                             MAR-20-1995
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                       1281797084
<INVESTMENTS-AT-VALUE>                      1312311439
<RECEIVABLES>                                165322884
<ASSETS-OTHER>                                31368435
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              1509002758
<PAYABLE-FOR-SECURITIES>                     107580812
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     46665304
<TOTAL-LIABILITIES>                          154246116
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    1388892549
<SHARES-COMMON-STOCK>                         58824204
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                       668460
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     (57644807)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      22840440
<NET-ASSETS>                                1354756642
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             80861516
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (9254208)
<NET-INVESTMENT-INCOME>                       71607308
<REALIZED-GAINS-CURRENT>                    (23666307)
<APPREC-INCREASE-CURRENT>                     52857972
<NET-CHANGE-FROM-OPS>                        100798973
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (4334929)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       71836843
<NUMBER-OF-SHARES-REDEEMED>                 (13869387)
<SHARES-REINVESTED>                             856748
<NET-CHANGE-IN-ASSETS>                       329434836
<ACCUMULATED-NII-PRIOR>                       57385576
<ACCUMULATED-GAINS-PRIOR>                   (24752055)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          5683320
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                9254208
<AVERAGE-NET-ASSETS>                         248119212
<PER-SHARE-NAV-BEGIN>                             4.87
<PER-SHARE-NII>                                    .11
<PER-SHARE-GAIN-APPREC>                            .09
<PER-SHARE-DIVIDEND>                             (.11)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               4.96
<EXPENSE-RATIO>                                   1.74
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 3
   <NAME> IDS FEDERAL INCOME FUND CLASS Y
       
<S>                             <C>
<PERIOD-TYPE>                   OTHER
<FISCAL-YEAR-END>                          JUN-30-1995
<PERIOD-START>                             MAR-20-1995
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                       1281797084
<INVESTMENTS-AT-VALUE>                      1312311439
<RECEIVABLES>                                165322884
<ASSETS-OTHER>                                31368435
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              1509002758
<PAYABLE-FOR-SECURITIES>                     107580812
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     46665304
<TOTAL-LIABILITIES>                          154246116
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    1388892549
<SHARES-COMMON-STOCK>                         17210263
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                        68460
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     (57644807)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      22840440
<NET-ASSETS>                                1354756642
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             80861516
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (9254208)
<NET-INVESTMENT-INCOME>                       71607308
<REALIZED-GAINS-CURRENT>                    (23666307)
<APPREC-INCREASE-CURRENT>                     52857972
<NET-CHANGE-FROM-OPS>                        100798973
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (1938661)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       18364074
<NUMBER-OF-SHARES-REDEEMED>                (128743048)
<SHARES-REINVESTED>                           14452759
<NET-CHANGE-IN-ASSETS>                       329434836
<ACCUMULATED-NII-PRIOR>                       57385576
<ACCUMULATED-GAINS-PRIOR>                   (24752055)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          5683320
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                9254208
<AVERAGE-NET-ASSETS>                          81343836
<PER-SHARE-NAV-BEGIN>                             4.87
<PER-SHARE-NII>                                    .07
<PER-SHARE-GAIN-APPREC>                            .15
<PER-SHARE-DIVIDEND>                             (.12)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               4.97
<EXPENSE-RATIO>                                    .75
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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