TRUST FOR SHORT TERM U S GOVERNMENT SECURITIES
NSAR-B, 1997-01-29
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<PAGE>      PAGE  1
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001 A000000 TRUST FOR SHORT-TERM U.S. GOVT. SECURITIES
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002 A000000 FEDERATED INVESTORS TOWER
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<PAGE>      PAGE  2
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<PAGE>      PAGE  4
022 A000010 HSBC SECURITIES, INC.
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SIGNATURE   S. ELLIOT COHAN                              
TITLE       ASSISTAN SECRETARY  
 


<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   001                                            
     <NAME>                     Trust for Short-Term U.S. Government Securitie 
                                                                               
                                                                               
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Nov-30-1996                                    
<PERIOD-END>                    Nov-30-1996                                    
<INVESTMENTS-AT-COST>           872,984,764                                    
<INVESTMENTS-AT-VALUE>          872,984,764                                    
<RECEIVABLES>                   12,850,949                                     
<ASSETS-OTHER>                  867,433                                        
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  886,703,146                                    
<PAYABLE-FOR-SECURITIES>        27,991,296                                     
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       14,603,544                                     
<TOTAL-LIABILITIES>             42,594,840                                     
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        844,108,306                                    
<SHARES-COMMON-STOCK>           844,108,306                                    
<SHARES-COMMON-PRIOR>           952,757,174                                    
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         0                                              
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        0                                              
<NET-ASSETS>                    844,108,306                                    
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               47,173,572                                     
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  3,945,964                                      
<NET-INVESTMENT-INCOME>         43,227,608                                     
<REALIZED-GAINS-CURRENT>        0                                              
<APPREC-INCREASE-CURRENT>       0                                              
<NET-CHANGE-FROM-OPS>           43,227,608                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       43,227,608                                     
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         3,693,374,650                                  
<NUMBER-OF-SHARES-REDEEMED>     3,807,791,877                                  
<SHARES-REINVESTED>             5,768,359                                      
<NET-CHANGE-IN-ASSETS>          (108,648,868)                                  
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       0                                              
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           3,475,000                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 6,726,102                                      
<AVERAGE-NET-ASSETS>            868,749,959                                    
<PER-SHARE-NAV-BEGIN>           1.000                                          
<PER-SHARE-NII>                 0.050                                          
<PER-SHARE-GAIN-APPREC>         0.000                                          
<PER-SHARE-DIVIDEND>            0.050                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             1.000                                          
<EXPENSE-RATIO>                 0.45                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>


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