FEDERATED INSTITUTIONAL PRIME OBLIGATIONS FUND
Portfolio as of January 13, 2017
Current Net Assets -- $
874,155,486
Weighted Average Maturity: 6 Days
Weighted Average Life: 6 Days
Credit Rating:
AAAm STANDARD & POOR'S
Aaa-mf MOODY'S
AAAmmf FITCH
Federated offers daily portfolio holdings information for this fund. To request more information or sign up for this service, please contact us at 1-800-245-4270.
(2)
(1)
Principal Amount
CUSIP
(3)
Final
Maturity
$
20,000,000
Security Description
COLLATERALIZED LOAN AGREEMENTS - 15.6%
BNP Paribas SA, 0.960%
928WJB005
$
20,000,000 1/17/2017
1/17/2017 Other Repurchase Agreement
$
40,000,000
HSBC Securities (USA), Inc., 0.860%
643996002
$
40,000,000 1/17/2017
1/17/2017 Other Repurchase Agreement
$
30,000,000
ING Financial Markets LLC, 0.760%
454991001
$
30,000,000 1/17/2017
1/17/2017 Other Repurchase Agreement
$
6,000,000
ING Financial Markets LLC, 0.860%
454991001
$
$
40,000,000
RBC Capital Markets, LLC, 0.760%
15499K002
$
TOTAL COLLATERALIZED LOAN AGREEMENTS
Base Value/Cost
Effective
Maturity
$
6,000,000
Category of Investment
1/17/2017
1/17/2017 Other Repurchase Agreement
40,000,000 1/17/2017
1/17/2017 Other Repurchase Agreement
136,000,000
COMMERCIAL PAPER - 10.3% (6)
(4)(5)
$
15,000,000
Atlantic Asset Securitization LLC, 0.860%
04821TPQ2
$
14,986,383 2/24/2017
2/24/2017 Asset Backed Commercial Paper
$
40,000,000
Cooperatieve Rabobank UA, 0.650%
21687ANH2
$
40,000,000 1/17/2017
1/17/2017 Financial Company Commercial Paper
$
25,000,000
Credit Agricole Corporate and Investment Bank, 0.660%
22533TNH5
$
25,000,000 1/17/2017
1/17/2017 Financial Company Commercial Paper
$
10,000,000
Starbird Funding Corp.,(BNP Paribas SA LOC), 1.120%
85520LQU2
$
9,978,417
$
89,964,800
6,450,000
(4)(5)
TOTAL COMMERCIAL PAPER
3/28/2017
3/28/2017 Asset Backed Commercial Paper
1/20/2017
4/1/2020
NOTES - VARIABLE - 31.8%
$
6,450,000
(7)
Aquarium Parking Deck, LLC, (Series 2005),(Federal Home Loan Bank of Atlanta LOC), 0.770%
03839HAC7
$
$
11,800,000
(7)
119786AA9
$
11,800,000 1/20/2017
12/1/2055 Variable Rate Demand Note
$
20,340,000
(7)
Buffalo Peak Apts., LLC, (Series 2015-A Buffalo Peaks Apartment Project),(Federal Home Loan Bank of San
Francisco LOC), 0.770%
COG Leasing Co. LLP, (Series 2007),(Federal Home Loan Bank of Des Moines LOC), 0.760%
12620GAA7
$
20,340,000 1/20/2017
11/1/2032 Variable Rate Demand Note
$
6,720,000
(7)
Capital Markets Access Co. LC,(Wells Fargo Bank, N.A. LOC), 0.800%
14030PAV1
$
$
28,195,000
(7)
163521AA5
$
6,720,000
1/20/2017
6/1/2032
Variable Rate Demand Note
$
2,005,000
(7)
Chelwood, L.P., (Warwick Square Apts Series 2013-A),(Federal Home Loan Bank of San Francisco LOC),
0.760%
Church at Brook Hills,(Wells Fargo Bank, N.A. LOC), 0.850%
17135XAA7
$
2,005,000
1/20/2017
6/1/2022
Variable Rate Demand Note
$
95,000
(7)
Corporate Finance Managers, Inc., (Series B),(Wells Fargo Bank, N.A. LOC), 0.800%
21988YAB3
$
95,000
1/20/2017
2/2/2043
Variable Rate Demand Note
$
14,600,000
(7)
Dynetics, Inc., (Series 2010-A),(Branch Banking & Trust Co. LOC), 0.750%
26817TAB0
$
$
3,000,000
(7)
398248BZ6
$
$
16,000,000
(7)
404407AB4
$
$
1,150,000
(7)
478271JK6
$
1,150,000
1/20/2017
7/1/2033
$
270,000
(7)
Griffin-Spalding County, GA Development Authority, (Norcom, Inc. Project 2013A),(Bank of America N.A.
LOC), 0.750%
HW Hellman Building, L.P., (HW Hellman Building Apartments Project Series 2015-B),(Federal Home Loan
Bank of San Francisco LOC), 0.770%
Johnson City, TN Health & Education Facilities Board, (Mountain State Health Alliance 2007B-1),(U.S. Bank,
N.A. LOC), 0.750%
Kings Creek Country Club, Inc., ((Series 1997)),(Wells Fargo Bank, N.A. LOC), 0.850%
495876AA2
$
270,000
1/18/2017
10/1/2017 Variable Rate Demand Note
POF - 1
28,195,000 1/20/2017
Variable Rate Demand Note
14,600,000 1/20/2017
3,000,000
1/20/2017
16,000,000 1/20/2017
3/20/2027 Variable Rate Demand Note
12/1/2035 Variable Rate Demand Note
7/1/2023
Variable Rate Demand Note
12/1/2055 Variable Rate Demand Note
Variable Rate Demand Note
Principal Amount
$
390,000
$
(1)
(2)
Base Value/Cost
$
390,000
Effective
Maturity
1/20/2017
(3)
Final
Maturity
Category of Investment
4/15/2018 Variable Rate Demand Note
(7)
Security Description
L.H. Kroh, Inc., ((Series 1998)),(Wells Fargo Bank, N.A. LOC), 0.850%
CUSIP
501951AA5
400,000
(7)
Los Angeles County Fair Association,(Wells Fargo Bank, N.A. LOC), 0.800%
545309AC0
$
1/20/2017
11/1/2039 Variable Rate Demand Note
$
10,000,000
(7)
Loudoun County, VA IDA (Howard Hughes Medical Institute) , (Series 2003F) Weekly VRDNs, 0.650%
545910AK7
$
10,000,000 1/20/2017
2/15/2038 Variable Rate Demand Note
$
17,300,000
(7)
55280JAA1
$
17,300,000 1/20/2017
2/1/2055
Variable Rate Demand Note
$
10,000,000
(7)
601127AA1
$
10,000,000 1/20/2017
3/1/2041
Variable Rate Demand Note
$
6,200,000
(7)
MB N4P3, LLC, (Series 2015-A Mission Bay Apartments Project),(Federal Home Loan Bank of San Francisco
LOC), 0.760%
Millport, AL IDA (Steel Dust Recycling, LLC) , (Series 2011) Weekly VRDNs,(Citibank NA, New York LOC),
0.760%
Mohr Green Associates L.P., (2012-A),(Federal Home Loan Bank of San Francisco LOC), 0.760%
608362AA7
$
1/20/2017
6/1/2052
Variable Rate Demand Note
$
19,640,000
(7)
OSL Santa Rosa Fountaingrove LLC,(Federal Home Loan Bank of San Francisco LOC), 0.760%
67105QAA3
$
19,640,000 1/20/2017
2/1/2052
Variable Rate Demand Note
$
23,820,000
(7)
Oakmont of Whittier LLC, (Series 2014-A),(Federal Home Loan Bank of San Francisco LOC), 0.760%
673798AA2
$
23,820,000 1/20/2017
6/1/2054
Variable Rate Demand Note
$
7,500,000
(7)
Premier Mushrooms, Inc., (Series 2012),(CoBank, ACB LOC), 0.750%
74053VAA0
$
7,500,000
1/20/2017
12/1/2037 Variable Rate Demand Note
$
6,005,000
(7)
74442PBM6
$
6,005,000
1/20/2017
11/1/2037 Variable Rate Demand Note
$
15,000,000
(7)
Public Finance Authority, (Series 2015-A Ram Eufaula Hospitality, LLC),(Federal Home Loan Bank of Atlanta
LOC), 0.850%
SSAB AB (publ), (Series 2014-B),(Credit Agricole Corporate and Investment Bank LOC), 0.750%
78469GAB0
$
15,000,000 1/20/2017
$
29,200,000
(7)
Salvation Army, (Series 2004-A),(Bank of New York Mellon LOC), 0.680%
795830AD0
$
29,200,000 1/20/2017
$
7,590,000
(7)
Spira Millenium LLC, (Series 2001),(Bank of America N.A. LOC), 0.850%
848558AA0
$
$
880,000
(7)
St. Andrew United Methodist Church, (Series 2004),(Wells Fargo Bank, N.A. LOC), 0.770%
793789AA6
$
6,460,000
(7)
The Harry M. Rubin 2014 Insurance Trust, (Series 2014),(Wells Fargo Bank, N.A. LOC), 0.750%
41587EAA2
$
6,995,000
(7)
Yeshivas Novominsk, (Series 2008),(TD Bank, N.A. LOC), 0.810%
98584EAA5
$
140,000,000
$
150,000,000
$
$
40,000,000
40,000,000
TOTAL NOTES - VARIABLE
REPURCHASE AGREEMENTS - 33.2%
Natixis Financial Products LLC, 0.550% dated 1/13/2017
Wells Fargo Securities LLC, 0.550% dated 1/13/2017
TOTAL REPURCHASE AGREEMENTS
TIME DEPOSIT - 9.2%
Australia & New Zealand Banking Group, Melbourne, 0.670%
Svenska Handelsbanken, Stockholm, 0.660%
TOTAL TIME DEPOSIT
(1)
(2)
(3)
(4)
POF - 2
5/1/2034
Variable Rate Demand Note
2/1/2034
Variable Rate Demand Note
1/20/2017
$
880,000
1/20/2017
7/1/2029
$
6,460,000
1/20/2017
10/1/2034 Variable Rate Demand Note
$
6,995,000
1/20/2017
6/1/2038
$
278,005,000
45099F004
$
140,000,000
1/17/2017
1/17/2017 Government Agency Repurchase Agreement
977HCB005
$
$
150,000,000
290,000,000
1/17/2017
1/17/2017 Government Agency Repurchase Agreement
$
$
$
$
Includes the name of issuer and coupon or yield of the security.
Maturity date as determined under Rule 2a-7(d) for purposes of calculating the portfolio's Weighted
Average Maturity
The date on which the fund has an unconditional right to payment of the full principal amount of and any
remaining interest on the security.
Denotes a restricted security that either: (a) cannot be offered for public sale without first being registered,
or being able to take advantage of an exemption from registration, under the Securities Act of 1933; or (b)
is subject to a contractual restriction on public sales. At January 13,2017, these restricted securities
amounted to $ 24,964,800, which represented 2.9% of total net assets.
6,200,000
7,590,000
869999003
TOTAL INVESTMENTS
400,000
40,000,000 1/17/2017
40,000,000 1/17/2017
80,000,000
873,969,800
10/1/2022 Variable Rate Demand Note
Variable Rate Demand Note
Variable Rate Demand Note
1/17/2017 Non-Negotiable Time Deposit
1/17/2017 Non-Negotiable Time Deposit
(2)
(1)
Principal Amount
(5)
Security Description
Denotes a restricted security that may be resold without restriction to "qualified institutional buyers" as
defined in Rule 144A under the Securities Act of 1933 and that the Fund has determined to be liquid under
criteria established by the Fund's Board of Trustees. At January 13,2017, these liquid restricted securities
amounted to $ 24,964,800, which represented 2.9% of total net assets.
(6)
Discount rate at time of purchase for discount issues, or the coupon for interest-bearing issues.
(7)
Floating rate notes with current rate shown.
The categories of investments are shown as a percentage of net assets ($874,155,486) at the close of
business on January 13,2017, and may not necessarily reflect adjustments that are routinely made when
presenting net assets for formal financial statement purposes.
Where appropriate, the following acronyms may be used throughout this portfolio:
CP --Commercial Paper
EDA --Economic Development Authority
EDC --Economic Development Commission
EDFA --Economic Development Financing Authority
FHLB --Federal Home Loan Bank
FHLMC --Federal Home Loan Mortgage Corporation
FNMA --Federal National Mortgage Association
GNMA --Government National Mortgage Association
GTD
--Guaranteed
HFA
--Housing Finance Authority
HFDC --Health Facility Development Corporation
IDA
--Industrial Development Authority
IDB
--Industrial Development Bond
IDRB --Industrial Development Revenue Bond
LLC
LOC
LP
MFH
--Limited Liability Corporation
--Letter of Credit
--Limited Partnership
--Multi-Family Housing
An investment in money market funds is neither insured nor guaranteed by the Federal Deposit Insurance
Corporation or any other government agency. Although money market funds seek to preserve the value of
your investment at $1.00 per share, it is possible to lose money by investing in these funds.
Portfolio holdings are shown as of the date indicated and are unaudited. Since market conditions fluctuate
suddenly and frequently, the portfolio holdings may change and this list is not indicative of future portfolio
composition. These portfolio holdings are not intended to be and do not constitute recommendations that
others buy, sell, or hold any of the securities listed.
POF - 3
CUSIP
Base Value/Cost
Effective
Maturity
(3)
Final
Maturity
Category of Investment
(2)
Principal Amount
(1)
Security Description
For more complete information on the fund, visit FederatedInvestors.com for a prospectus or a summary
prospectus, if available. You should consider the fund’s investment objectives, risks, charges and expenses
carefully before you invest. Information about these and other important subjects is in the fund’s
prospectus or summary prospectus, which you should read carefully before investing.
A money market fund rated AAAm by Standard & Poor's is granted after evaluating a number of factors,
including credit quality, market price exposure, and management. Money market funds rated Aaa by
Moody's are judged to be of an investment quality similar to Aaa-rated fixed income obligations, that is,
they are judged to be of the best quality. Fitch's money market fund ratings are an assessment of the safety
of invested principal and the ability to maintain a stable market value of the fund's shares. Ratings are
subject to change and do not remove market risk.
NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE
Federated Securities Corp., Distributor
(32233) 01/13/2017
Federated is a registered mark of Federated Investors, Inc. 2017 © Federated Investors, Inc.
POF - 4
CUSIP
Base Value/Cost
Effective
Maturity
(3)
Final
Maturity
Category of Investment