<PAGE> PAGE 1
000 B000000 01/31/99
000 C000000 0000894352
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 MONEY MARKET OBLIGATIONS TRUST II
001 B000000 811-7364
001 C000000 4122888634
002 A000000 FEDERATED INVESTORS TOWER
002 B000000 PITTSBURGH
002 C000000 PA
002 D010000 15222
002 D020000 3779
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 3
007 C010100 1
007 C020100 PRIME CASH OBLIGATIONS FUND
007 C030100 N
007 C010200 2
007 C020200 PRIME VALUE OBLIGATIONS FUND
007 C030200 N
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C020800 MUNICIPAL OBLIGATIONS FUND
007 C030800 N
007 C010900 9
007 C011000 10
008 A00AA01 FEDERATED MANAGEMENT
008 B00AA01 A
008 C00AA01 801-34610
008 D01AA01 PITTSBURGH
008 D02AA01 PA
008 D03AA01 15222
008 D04AA01 3779
010 A00AA01 FEDERATED SERVICES COMPANY
010 C01AA01 PITTSBURGH
010 C02AA01 PA
010 C03AA01 15222
010 C04AA01 3779
<PAGE> PAGE 2
011 A00AA01 FEDERATED SECURITIES CORP.
011 B00AA01 8-15561
011 C01AA01 PITTSBURGH
011 C02AA01 PA
011 C03AA01 15222
011 C04AA01 3779
012 A00AA01 FEDERATED SHAREHOLDER SERVICES COMPANY
012 B00AA01 84-1869
012 C01AA01 PITTSBURGH
012 C02AA01 PA
012 C03AA01 15222
012 C04AA01 3779
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 PITTSBURGH
013 B02AA01 PA
013 B03AA01 15219
018 00AA00 Y
019 A00AA00 N
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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 ABN AMRO SECURITIES (USA), INC.
022 C000001 21922630
022 D000001 0
022 A000002 HSBC SECURITIES, INC.
022 B000002 13-2650272
022 C000002 21213000
022 D000002 0
022 A000003 BEAR, STEARNS SECURITIES CORP.
022 C000003 19083105
022 D000003 0
022 A000004 LEHMAN BROTHERS, INC.
022 B000004 13-2518466
022 C000004 18185238
022 D000004 387823
022 A000005 NCNB NATIONAL BANK
022 C000005 14563300
022 D000005 0
022 A000006 ROYAL BANK OF CANADA
022 C000006 12200000
022 D000006 0
022 A000007 SOCIETE GENERALE
<PAGE> PAGE 3
022 C000007 11553750
022 D000007 0
022 A000008 SALOMON SMITH BARNEY, INC.
022 C000008 10056251
022 D000008 32300
022 A000009 MORGAN GUARANTY TRUST CO. OF NEW YORK
022 B000009 13-5123346
022 C000009 9497517
022 D000009 0
022 A000010 GOLDMAN SACHS & CO.
022 B000010 13-5108880
022 C000010 9264067
022 D000010 218320
023 C000000 233149049
023 D000000 4868192
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025 D00AA07 0
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026 C000000 Y
026 D000000 Y
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026 G020000 N
026 H000000 N
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045 00AA00 Y
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047 00AA00 Y
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<PAGE> PAGE 4
048 B01AA00 0
048 B02AA00 0.000
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048 K02AA00 0.000
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050 00AA00 N
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052 00AA00 N
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053 B00AA00 Y
053 C00AA00 N
054 A00AA00 N
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 N
054 I00AA00 N
054 J00AA00 N
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
055 A00AA00 Y
055 B00AA00 N
056 00AA00 N
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 1000000
<PAGE> PAGE 5
066 A00AA00 N
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068 A00AA00 N
068 B00AA00 N
069 00AA00 N
077 A000000 Y
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077 D000000 N
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077 G000000 N
077 H000000 N
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077 P000000 N
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077 Q020000 N
077 Q030000 N
078 000000 N
080 A00AA00 LLOYD'S OF LONDON
080 B00AA00 ZURICH INSURANCE COMPANY;RELIANCE INSURANCE
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015 A000101 STATE STREET BANK AND TRUST COMPANY
<PAGE> PAGE 6
015 B000101 C
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015 C020101 MA
015 C030101 02266
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015 A000102 BANKERS TRUST CO.
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015 B000103 S
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015 C030103 10006
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015 A000104 THE CHASE MANHATTAN CORP.
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<PAGE> PAGE 7
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<PAGE> PAGE 8
062 R000100 0.0
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063 B000100 0.0
064 A000100 Y
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070 A010100 Y
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070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 N
070 K020100 N
070 L010100 Y
070 L020100 Y
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<PAGE> PAGE 9
072 G000100 1763
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<PAGE> PAGE 10
074 R040100 7313
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015 A000201 STATE STREET BANK AND TRUST COMPANY
015 B000201 C
015 C010201 BOSTON
015 C020201 MA
015 C030201 02266
015 C040201 8600
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015 A000202 BANKER TRUST CO.
015 B000202 S
015 C010202 NEW YORK
015 C020202 NY
015 C030202 10015
015 E010202 X
015 A000203 BANK OF NEW YORK
015 B000203 S
015 C010203 NEW YORK
015 C020203 NY
015 C030203 10006
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015 A000204 THE CHASE MANHATTAN CORP.
015 B000204 S
015 C010204 NEW YORK
015 C020204 NY
015 C030204 10006
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015 A000205 MORGAN GUARANTY BANK & TRUST CO.
015 B000205 S
015 C010205 NEW YORK
015 C020205 NY
015 C030205 10015
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015 A000206 NATIONSBANK OF NORTH CAROLINA
015 B000206 S
015 C010206 CHARLOTTE
015 C020206 NC
015 C030206 28255
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<PAGE> PAGE 11
015 B000207 S
015 C010207 PITTSBURGH
015 C020207 PA
015 C030207 15265
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028 A010200 1718683
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037 000200 N
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<PAGE> PAGE 12
062 D000200 9.5
062 E000200 0.0
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070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
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<PAGE> PAGE 13
070 Q010200 N
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<PAGE> PAGE 14
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015 A000801 STATE STREET BANK AND TRUST COMPANY
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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SIGNATURE STEVE KEANE
TITLE GENERAL COUNSEL
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000894352
<NAME> MONEY MARKET OBLIGATIONS TRUST II
<SERIES>
<NUMBER> 083
<NAME> MUNICIPAL OBLIGATIONS FUND - INSTITUTIONAL CAPITAL SHARES
<S> <C>
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<PERIOD-END> Jul-31-1999
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<SENIOR-EQUITY> 0
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<SHARES-COMMON-STOCK> 74,608,894
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<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 74,608,894
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 8,668,797
<OTHER-INCOME> 0
<EXPENSES-NET> (622,671)
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<EQUALIZATION> 0
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<DISTRIBUTIONS-OF-GAINS> 0
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<NAME> MONEY MARKET OBLIGATIONS TRUST II
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<NAME> MONEY MARKET OBLIGATIONS TRUST II
<CIK> 0000894352
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000894352
<NAME> MONEY MARKET OBLIGATIONS TRUST II
<SERIES>
<NUMBER> 013
<NAME> PRIME CASH OBLIGATIONS FUND - INSTITUTIONAL CAPITAL SHARES
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000894352
<NAME> MONEY MARKET OBLIGATIONS TRUST II
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<NUMBER> 011
<NAME> PRIME CASH OBLIGATIONS FUND - INSTITUTIONAL SHARES
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000894352
<NAME> MONEY MARKET OBLIGATIONS TRUST II
<SERIES>
<NUMBER> 012
<NAME> PRIME CASH OBLIGATIONS FUND - INSTITUTIONAL SERVICE SHARES
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000894352
<NAME> MONEY MARKET OBLIGATIONS TRUST II
<SERIES>
<NUMBER> 023
<NAME> PRIME VALUE OBLIGATIONS FUND - INSTITUTIONAL CAPITAL SHARES
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000894352
<NAME> MONEY MARKET OBLIGATIONS TRUST II
<SERIES>
<NUMBER> 021
<NAME> PRIME VALUE OBLIGATIONS FUND - INSTITUTIONAL SHARES
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<CIK> 0000894352
<NAME> MONEY MARKET OBLIGATIONS TRUST II
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<NAME> PRIME VALUE OBLIGATIONS FUND - INSTITUTIONAL SERVICE SHARES
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<GROSS-ADVISORY-FEES> 2,380,186
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<GROSS-EXPENSE> 4,729,496
<AVERAGE-NET-ASSETS> 545,795,847
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.020
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> (0.020)
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<RETURNS-OF-CAPITAL> 0.000
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<EXPENSE-RATIO> 0.41
[AVG-DEBT-OUTSTANDING] 0
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</TABLE>
Report of Ernst & Young LLP, Independent Auditors
To the Trustees and Shareholders of
MONEY MARKET OBLIGATIONS TRUST II:
We have audited the accompanying statement of assets and liabilities,
including the portfolio of investments, of the Prime Cash Obligations
Fund (one of the portfolios constituting the Money Market Obligations
Trust II) as of July 31, 1999, and the related statements of operations
for the period from February 1, 1999 to July 31, 1999 and for the year
ended January 31, 1999, the statements of changes in net assets for the
period from February 1, 1999 to July 31, 1999 and for each of the two
years in the period ended January 31, 1999, and the financial highlights
for each of the periods presented therein. These financial statements
and financial highlights are the responsibility of the Fund's
management. Our responsibility is to express an opinion on these
financial statements and financial highlights based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit
to obtain reasonable assurance about whether the financial statements
and financial highlights are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements. Our procedures included
confirmation of securities owned as of July 31, 1999 by correspondence
with the custodian. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe
that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements and financial highlights
referred to above present fairly, in all material respects, the
financial position of the Prime Cash Obligations Fund of the Money
Market Obligations Trust II at July 31, 1999, and the results of its
operations for the period from February 1, 1999 to July 31, 1999 and for
the year ended January 31, 1999, the changes in its net assets for the
period from February 1, 1999 to July 31, 1999 and for each of the two
years in the period ended January 31, 1999, and the financial highlights
for each of the periods presented therein, in conformity with generally
accepted accounting principles.
ERNST & YOUNG LLP
Boston, Massachusetts
September 17, 1999
Report of Ernst & Young LLP, Independent Auditors
To the Trustees and Shareholders of
MONEY MARKET OBLIGATIONS TRUST II:
We have audited the accompanying statement of assets and liabilities,
including the portfolio of investments, of the Prime Value Obligations
Fund (one of the portfolios constituting the Money Market Obligations
Trust II) as of July 31, 1999, and the related statements of operations
for the period from February 1, 1999 to July 31, 1999 and for the year
ended January 31, 1999, the statements of changes in net assets for the
period from February 1, 1999 to July 31, 1999 and for each of the two
years in the period ended January 31, 1999, and the financial highlights
for each of the periods presented therein. These financial statements
and financial highlights are the responsibility of the Fund's
management. Our responsibility is to express an opinion on these
financial statements and financial highlights based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit
to obtain reasonable assurance about whether the financial statements
and financial highlights are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements. Our procedures included
confirmation of securities owned as of July 31, 1999 by correspondence
with the custodian. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe
that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements and financial highlights
referred to above present fairly, in all material respects, the
financial position of the Prime Value Obligations Fund of the Money
Market Obligations Trust II at July 31, 1999, and the results of its
operations for the period from February 1, 1999 to July 31, 1999 and for
the year ended January 31, 1999, the changes in its net assets for the
period from February 1, 1999 to July 31, 1999 and for each of the two
years in the period ended January 31, 1999, and the financial highlights
for each of the periods presented therein, in conformity with generally
accepted accounting principles.
ERNST & YOUNG LLP
Boston, Massachusetts
September 17, 1999
Report of Ernst & Young LLP, Independent Auditors
To the Trustees and Shareholders of
MONEY MARKET OBLIGATIONS TRUST II:
We have audited the accompanying statement of assets and liabilities,
including the portfolio of investments, of the Municipal Obligations
Fund (one of the portfolios constituting the Money Market Obligations
Trust II) as of July 31, 1999, and the related statements of operations
for the period from February 1, 1999 to July 31, 1999 and for the year
ended January 31, 1999, the statements of changes in net assets for the
period from February 1, 1999 to July 31, 1999 and for each of the two
years in the period ended January 31, 1999, and the financial highlights
for each of the periods presented therein. These financial statements
and financial highlights are the responsibility of the Fund's
management. Our responsibility is to express an opinion on these
financial statements and financial highlights based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit
to obtain reasonable assurance about whether the financial statements
and financial highlights are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements. Our procedures included
confirmation of securities owned as of July 31, 1999 by correspondence
with the custodian and brokers or other appropriate auditing procedures
where replies from brokers were not received. An audit also includes
assessing the accounting principles used and significant estimates made
by management, as well as evaluating the overall financial statement
presentation. We believe that our audits provide a reasonable basis for
our opinion.
In our opinion, the financial statements and financial highlights
referred to above present fairly, in all material respects, the
financial position of the Municipal Obligations Fund of the Money Market
Obligations Trust II at July 31, 1999, and the results of its operations
for the period from February 1, 1999 to July 31, 1999 and for the year
ended January 31, 1999, the changes in its net assets for the period
from February 1, 1999 to July 31, 1999 and for each of the two years in
the period ended January 31, 1999, and the financial highlights for each
of the periods presented therein, in conformity with generally accepted
accounting principles.
ERNST & YOUNG LLP
Boston, Massachusetts
September 17, 1999
