485BPOS 1 tefca485bxbrl.htm THE TAX-EXEMPT FUND OF CALIFORNIA tefca485bxbrl.htm
SEC. File Nos.  033-06180
811-04694


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________

FORM N-1A
Registration Statement
Under
the Securities Act of 1933
Post-Effective Amendment No. 40
and
Registration Statement
Under
The Investment Company Act of 1940
Amendment No. 42
____________

THE AMERICAN FUNDS TAX-EXEMPT SERIES II
(Exact Name of Registrant as Specified in Charter)

333 South Hope Street
Los Angeles, California 90071-1447
(Address of Principal Executive Offices)

Registrant's telephone number, including area code:
(213) 486-9200
____________

COURTNEY R. TAYLOR, Secretary
The American Funds Tax-Exempt Series II
333 South Hope Street
Los Angeles, California 90071-1447
(Name and Address of Agent for Service)
____________

Copies to:
Michael Glazer
Bingham McCutchen LLP
 355 South Grand Avenue, Suite 4400
Los Angeles, CA 90071-3106
(Counsel for the Registrant)
____________

Approximate date of proposed public offering:
It is proposed that this filing become effective immediately pursuant to paragraph (b) of rule 485.


 
 

 
SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of this registration statement under Rule 485(b) under the Securities Act of 1933 and has duly caused this registration statement to be signed on its behalf by the undersigned, duly authorized, in the City of Los Angeles, and State of California, on the 21st day of November, 2012.

THE AMERICAN FUNDS TAX-EXEMPT SERIES II

By:  /s/ Neil L. Langberg                                           
(Neil L. Langberg, President)

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed below on November 21, 2012 by the following persons in the capacities indicated.


 
 
Signature
 
Title
(1)
Principal Executive Officer:
 
/s/ Neil L. Langberg
President
 
(Neil L. Langberg)
 
(2)
Principal Financial Officer and Principal Accounting Officer:
 
/s/ Karl C. Grauman
Treasurer
 
(Karl C. Grauman)
 
(3)
Trustees:
 
William H. Baribault*
Trustee
 
James G. Ellis*
Trustee
 
Leonard R. Fuller*
Trustee
 
W. Scott Hedrick*
Trustee
 
R. Clark Hooper*
Chairman of the Board (Independent and Non-Executive)
 
Merit E. Janow*
Trustee
 
Laurel B. Mitchell*
Trustee
 
Frank M. Sanchez*
Trustee
 
Margaret Spellings*
Trustee
 
Steadman Upham*
Trustee
 
/s/ Karl J. Zeile
Trustee and Vice President
 
Karl J. Zeile)
 
*By: /s/ Courtney R. Taylor
 
 
 
(Courtney R. Taylor, pursuant to a power of attorney filed herewith)
 

Counsel represents that this amendment does not contain disclosures that would make the amendment ineligible for effectiveness under the provisions of rule 485(b).

/s/ Katherine H. Newhall                                                
(Katherine H. Newhall)
 
 
 

 
POWER OF ATTORNEY

I, William H. Baribault, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-  
American Funds College Target Date Series (File No. 333-180729, File No. 811-22692)
-  
The American Funds Income Series – U.S. Government Securities Fund (File No. 002-98199, File No. 811-04318)
-  
American Funds Insurance Series (File No. 002-86838, File No. 811-03857)
-  
American Funds Money Market Fund (File No. 333-157162, File No. 811-22277)
-  
American Funds Mortgage Fund (File No. 333-168595, File No. 811-22449)
-  
American Funds Portfolio Series (File No. 333-178936, File No. 811-22656)
-  
American Funds Short-Term Tax-Exempt Bond Fund (File No. 033-26431, File No. 811-05750)
-  
American Funds Target Date Retirement Series (File No. 333-138648, File No. 811-21981)
-  
American Funds Tax-Exempt Fund of New York (File No. 333-168594, File No. 811-22448)
-  
The American Funds Tax-Exempt Series II – The Tax-Exempt Fund of California (File No. 033-06180, File No. 811-04694)
-  
American High-Income Municipal Bond Fund (File No. 033-80630, File No. 811-08576)
-  
American High-Income Trust (File No. 033-17917, File No. 811-05364)
-  
The Bond Fund of America (File No. 002-50700, File No. 811-02444)
-  
Capital World Bond Fund (File No. 033-12447, File No. 811-05104)
-  
Intermediate Bond Fund of America (File No. 033-19514, File No. 811-05446)
-  
Limited Term Tax-Exempt Bond Fund of America (File No. 033-66214, File No. 811-07888)
-  
Short-Term Bond Fund of America (File No. 333-135770, File No. 811-21928)
-  
The Tax-Exempt Bond Fund of America (File No. 002-49291, File No. 811-02421)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti
Steven I. Koszalka
Patrick F. Quan
Courtney R. Taylor
Julie E. Lawton
Tanya Schneider
Raymond F. Sullivan, Jr.
Karl C. Grauman
M. Susan Gupton
Brian C. Janssen
Dori Laskin
Gregory F. Niland
 
 
each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission.  I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at Washington, DC, this 13th day of June, 2012.
     (City, State)


/s/ William H. Baribault                                                             
William H. Baribault, Board member
 
 
 

 
POWER OF ATTORNEY

I, James G. Ellis, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-  
AMCAP Fund (File No. 002-26516, File No. 811-01435)
-  
American Funds College Target Date Series (File No. 333-180729, File No. 811-22692)
-  
American Funds Global Balanced Fund (File No. 333-170605, File No. 811-22496)
-  
The American Funds Income Series – U.S. Government Securities Fund (File No. 002-98199, File No. 811-04318)
-  
American Funds Insurance Series (File No. 002-86838, File No. 811-03857)
-  
American Funds Money Market Fund (File No. 333-157162, File No. 811-22277)
-  
American Funds Mortgage Fund (File No. 333-168595, File No. 811-22449)
-  
American Funds Portfolio Series (File No. 333-178936, File No. 811-22656)
-  
American Funds Short-Term Tax-Exempt Bond Fund (File No. 033-26431, File No. 811-05750)
-  
American Funds Target Date Retirement Series (File No. 333-138648, File No. 811-21981)
-  
American Funds Tax-Exempt Fund of New York (File No. 333-168594, File No. 811-22448)
-  
The American Funds Tax-Exempt Series II – The Tax-Exempt Fund of California (File No. 033-06180, File No. 811-04694)
-  
American High-Income Municipal Bond Fund (File No. 033-80630, File No. 811-08576)
-  
American High-Income Trust (File No. 033-17917, File No. 811-05364)
-  
American Mutual Fund (File No. 002-10607, File No. 811-00572)
-  
The Bond Fund of America (File No. 002-50700, File No. 811-02444)
-  
Capital World Bond Fund (File No. 033-12447, File No. 811-05104)
-  
Intermediate Bond Fund of America (File No. 033-19514, File No. 811-05446)
-  
The Investment Company of America (File No. 002-10811, File No. 811-00116)
-  
Limited Term Tax-Exempt Bond Fund of America (File No. 033-66214, File No. 811-07888)
-  
Short-Term Bond Fund of America (File No. 333-135770, File No. 811-21928)
-  
The Tax-Exempt Bond Fund of America (File No. 002-49291, File No. 811-02421)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti
Steven I. Koszalka
Patrick F. Quan
Courtney R. Taylor
Julie E. Lawton
Tanya Schneider
Raymond F. Sullivan, Jr.
Brian D. Bullard
Karl C. Grauman
M. Susan Gupton
Brian C. Janssen
Dori Laskin
Gregory F. Niland
Ari M. Vinocor
 
 
each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission.  I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at Washington, DC, this 13th day of June, 2012.
     (City, State)


/s/ James G. Ellis                                                             
James G. Ellis, Board member
 
 
 

 
POWER OF ATTORNEY

I, Leonard R. Fuller, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-  
AMCAP Fund (File No. 002-26516, File No. 811-01435)
-  
American Funds College Target Date Series (File No. 333-180729, File No. 811-22692)
-  
American Funds Global Balanced Fund (File No. 333-170605, File No. 811-22496)
-  
The American Funds Income Series – U.S. Government Securities Fund (File No. 002-98199, File No. 811-04318)
-  
American Funds Insurance Series (File No. 002-86838, File No. 811-03857)
-  
American Funds Money Market Fund (File No. 333-157162, File No. 811-22277)
-  
American Funds Mortgage Fund (File No. 333-168595, File No. 811-22449)
-  
American Funds Portfolio Series (File No. 333-178936, File No. 811-22656)
-  
American Funds Short-Term Tax-Exempt Bond Fund (File No. 033-26431, File No. 811-05750)
-  
American Funds Target Date Retirement Series (File No. 333-138648, File No. 811-21981)
-  
American Funds Tax-Exempt Fund of New York (File No. 333-168594, File No. 811-22448)
-  
The American Funds Tax-Exempt Series II – The Tax-Exempt Fund of California (File No. 033-06180, File No. 811-04694)
-  
American High-Income Municipal Bond Fund (File No. 033-80630, File No. 811-08576)
-  
American High-Income Trust (File No. 033-17917, File No. 811-05364)
-  
American Mutual Fund (File No. 002-10607, File No. 811-00572)
-  
The Bond Fund of America (File No. 002-50700, File No. 811-02444)
-  
Capital World Bond Fund (File No. 033-12447, File No. 811-05104)
-  
Intermediate Bond Fund of America (File No. 033-19514, File No. 811-05446)
-  
The Investment Company of America (File No. 002-10811, File No. 811-00116)
-  
Limited Term Tax-Exempt Bond Fund of America (File No. 033-66214, File No. 811-07888)
-  
Short-Term Bond Fund of America (File No. 333-135770, File No. 811-21928)
-  
The Tax-Exempt Bond Fund of America (File No. 002-49291, File No. 811-02421)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti
Steven I. Koszalka
Patrick F. Quan
Courtney R. Taylor
Julie E. Lawton
Tanya Schneider
Raymond F. Sullivan, Jr.
Brian D. Bullard
Karl C. Grauman
M. Susan Gupton
Brian C. Janssen
Dori Laskin
Gregory F. Niland
Ari M. Vinocor
 
 
each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission.  I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at Washington, DC, this 13th day of June, 2012.
     (City, State)


/s/ Leonard R. Fuller                                                             
Leonard R. Fuller, Board member
 
 
 

 
POWER OF ATTORNEY

I, W. Scott Hedrick, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-  
American Funds College Target Date Series (File No. 333-180729, File No. 811-22692)
-  
The American Funds Income Series – U.S. Government Securities Fund (File No. 002-98199, File No. 811-04318)
-  
American Funds Insurance Series (File No. 002-86838, File No. 811-03857)
-  
American Funds Money Market Fund (File No. 333-157162, File No. 811-22277)
-  
American Funds Mortgage Fund (File No. 333-168595, File No. 811-22449)
-  
American Funds Portfolio Series (File No. 333-178936, File No. 811-22656)
-  
American Funds Short-Term Tax-Exempt Bond Fund (File No. 033-26431, File No. 811-05750)
-  
American Funds Target Date Retirement Series (File No. 333-138648, File No. 811-21981)
-  
American Funds Tax-Exempt Fund of New York (File No. 333-168594, File No. 811-22448)
-  
The American Funds Tax-Exempt Series II – The Tax-Exempt Fund of California (File No. 033-06180, File No. 811-04694)
-  
American High-Income Municipal Bond Fund (File No. 033-80630, File No. 811-08576)
-  
American High-Income Trust (File No. 033-17917, File No. 811-05364)
-  
The Bond Fund of America (File No. 002-50700, File No. 811-02444)
-  
Capital World Bond Fund (File No. 033-12447, File No. 811-05104)
-  
Intermediate Bond Fund of America (File No. 033-19514, File No. 811-05446)
-  
Limited Term Tax-Exempt Bond Fund of America (File No. 033-66214, File No. 811-07888)
-  
Short-Term Bond Fund of America (File No. 333-135770, File No. 811-21928)
-  
The Tax-Exempt Bond Fund of America (File No. 002-49291, File No. 811-02421)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti
Steven I. Koszalka
Patrick F. Quan
Courtney R. Taylor
Julie E. Lawton
Tanya Schneider
Raymond F. Sullivan, Jr.
Karl C. Grauman
M. Susan Gupton
Brian C. Janssen
Dori Laskin
Gregory F. Niland
 
 
each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission.  I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at Washington, DC, this 13th day of June, 2012.
     (City, State)


/s/ W. Scott Hedrick                                                             
W. Scott Hedrick, Board member

 
 

 
POWER OF ATTORNEY

I, R. Clark Hooper, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-  
American Funds College Target Date Series (File No. 333-180729, File No. 811-22692)
-  
The American Funds Income Series – U.S. Government Securities Fund (File No. 002-98199, File No. 811-04318)
-  
American Funds Insurance Series (File No. 002-86838, File No. 811-03857)
-  
American Funds Money Market Fund (File No. 333-157162, File No. 811-22277)
-  
American Funds Mortgage Fund (File No. 333-168595, File No. 811-22449)
-  
American Funds Portfolio Series (File No. 333-178936, File No. 811-22656)
-  
American Funds Short-Term Tax-Exempt Bond Fund (File No. 033-26431, File No. 811-05750)
-  
American Funds Target Date Retirement Series (File No. 333-138648, File No. 811-21981)
-  
American Funds Tax-Exempt Fund of New York (File No. 333-168594, File No. 811-22448)
-  
The American Funds Tax-Exempt Series II – The Tax-Exempt Fund of California (File No. 033-06180, File No. 811-04694)
-  
American High-Income Municipal Bond Fund (File No. 033-80630, File No. 811-08576)
-  
American High-Income Trust (File No. 033-17917, File No. 811-05364)
-  
The Bond Fund of America (File No. 002-50700, File No. 811-02444)
-  
Capital Income Builder (File No. 033-12967, File No. 811-05085)
-  
Capital World Bond Fund (File No. 033-12447, File No. 811-05104)
-  
Capital World Growth and Income Fund, Inc. (File No. 033-54444, File No. 811-07338)
-  
Capital World Growth and Income Fund
-  
Intermediate Bond Fund of America (File No. 033-19514, File No. 811-05446)
-  
Limited Term Tax-Exempt Bond Fund of America (File No. 033-66214, File No. 811-07888)
-  
The New Economy Fund  (File No. 002-83848, File No. 811-03735)
-  
The New Economy Fund
-  
Short-Term Bond Fund of America (File No. 333-135770, File No. 811-21928)
-  
The Tax-Exempt Bond Fund of America (File No. 002-49291, File No. 811-02421)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti
Steven I. Koszalka
Patrick F. Quan
Courtney R. Taylor
Julie E. Lawton
Tanya Schneider
Raymond F. Sullivan, Jr.
Karl C. Grauman
M. Susan Gupton
Brian C. Janssen
Dori Laskin
Gregory F. Niland
Neal F. Wellons
 
 
each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission.  I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at Washington, DC, this 13th day of June, 2012.
     (City, State)


/s/ R. Clark Hooper                                                             
R. Clark Hooper, Board member
 
 
 

 
POWER OF ATTORNEY

I, Merit E. Janow, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-  
American Funds College Target Date Series (File No. 333-180729, File No. 811-22692)
-  
The American Funds Income Series – U.S. Government Securities Fund (File No. 002-98199, File No. 811-04318)
-  
American Funds Insurance Series (File No. 002-86838, File No. 811-03857)
-  
American Funds Money Market Fund (File No. 333-157162, File No. 811-22277)
-  
American Funds Mortgage Fund (File No. 333-168595, File No. 811-22449)
-  
American Funds Portfolio Series (File No. 333-178936, File No. 811-22656)
-  
American Funds Short-Term Tax-Exempt Bond Fund (File No. 033-26431, File No. 811-05750)
-  
American Funds Target Date Retirement Series (File No. 333-138648, File No. 811-21981)
-  
American Funds Tax-Exempt Fund of New York (File No. 333-168594, File No. 811-22448)
-  
The American Funds Tax-Exempt Series II – The Tax-Exempt Fund of California (File No. 033-06180, File No. 811-04694)
-  
American High-Income Municipal Bond Fund (File No. 033-80630, File No. 811-08576)
-  
American High-Income Trust (File No. 033-17917, File No. 811-05364)
-  
The Bond Fund of America (File No. 002-50700, File No. 811-02444)
-  
Capital Income Builder (File No. 033-12967, File No. 811-05085)
-  
Capital World Bond Fund (File No. 033-12447, File No. 811-05104)
-  
Capital World Growth and Income Fund, Inc. (File No. 033-54444, File No. 811-07338)
-  
Capital World Growth and Income Fund
-  
Intermediate Bond Fund of America (File No. 033-19514, File No. 811-05446)
-  
Limited Term Tax-Exempt Bond Fund of America (File No. 033-66214, File No. 811-07888)
-  
The New Economy Fund  (File No. 002-83848, File No. 811-03735)
-  
The New Economy Fund
-  
Short-Term Bond Fund of America (File No. 333-135770, File No. 811-21928)
-  
The Tax-Exempt Bond Fund of America (File No. 002-49291, File No. 811-02421)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti
Steven I. Koszalka
Patrick F. Quan
Courtney R. Taylor
Julie E. Lawton
Tanya Schneider
Raymond F. Sullivan, Jr.
Karl C. Grauman
M. Susan Gupton
Brian C. Janssen
Dori Laskin
Gregory F. Niland
Neal F. Wellons
 
 
each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission.  I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at Washington, DC, this 13th day of June, 2012.
     (City, State)


/s/ Merit E. Janow                                                             
Merit E. Janow, Board member
 
 
 

 
POWER OF ATTORNEY

I, Laurel B. Mitchell, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-  
American Funds College Target Date Series (File No. 333-180729, File No. 811-22692)
-  
The American Funds Income Series – U.S. Government Securities Fund (File No. 002-98199, File No. 811-04318)
-  
American Funds Insurance Series (File No. 002-86838, File No. 811-03857)
-  
American Funds Money Market Fund (File No. 333-157162, File No. 811-22277)
-  
American Funds Mortgage Fund (File No. 333-168595, File No. 811-22449)
-  
American Funds Portfolio Series (File No. 333-178936, File No. 811-22656)
-  
American Funds Short-Term Tax-Exempt Bond Fund (File No. 033-26431, File No. 811-05750)
-  
American Funds Target Date Retirement Series (File No. 333-138648, File No. 811-21981)
-  
American Funds Tax-Exempt Fund of New York (File No. 333-168594, File No. 811-22448)
-  
The American Funds Tax-Exempt Series II – The Tax-Exempt Fund of California (File No. 033-06180, File No. 811-04694)
-  
American High-Income Municipal Bond Fund (File No. 033-80630, File No. 811-08576)
-  
American High-Income Trust (File No. 033-17917, File No. 811-05364)
-  
The Bond Fund of America (File No. 002-50700, File No. 811-02444)
-  
Capital World Bond Fund (File No. 033-12447, File No. 811-05104)
-  
Intermediate Bond Fund of America (File No. 033-19514, File No. 811-05446)
-  
Limited Term Tax-Exempt Bond Fund of America (File No. 033-66214, File No. 811-07888)
-  
Short-Term Bond Fund of America (File No. 333-135770, File No. 811-21928)
-  
The Tax-Exempt Bond Fund of America (File No. 002-49291, File No. 811-02421)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti
Steven I. Koszalka
Patrick F. Quan
Courtney R. Taylor
Julie E. Lawton
Tanya Schneider
Raymond F. Sullivan, Jr.
Karl C. Grauman
M. Susan Gupton
Brian C. Janssen
Dori Laskin
Gregory F. Niland
 
 
each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission.  I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at Washington, DC, this 13th day of June, 2012.
     (City, State)


/s/ Laurel B. Mitchell                                                             
Laurel B. Mitchell, Board member

 
 

 
POWER OF ATTORNEY

I, Frank M. Sanchez, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-  
American Funds College Target Date Series (File No. 333-180729, File No. 811-22692)
-  
The American Funds Income Series – U.S. Government Securities Fund (File No. 002-98199, File No. 811-04318)
-  
American Funds Insurance Series (File No. 002-86838, File No. 811-03857)
-  
American Funds Money Market Fund (File No. 333-157162, File No. 811-22277)
-  
American Funds Mortgage Fund (File No. 333-168595, File No. 811-22449)
-  
American Funds Portfolio Series (File No. 333-178936, File No. 811-22656)
-  
American Funds Short-Term Tax-Exempt Bond Fund (File No. 033-26431, File No. 811-05750)
-  
American Funds Target Date Retirement Series (File No. 333-138648, File No. 811-21981)
-  
American Funds Tax-Exempt Fund of New York (File No. 333-168594, File No. 811-22448)
-  
The American Funds Tax-Exempt Series II – The Tax-Exempt Fund of California (File No. 033-06180, File No. 811-04694)
-  
American High-Income Municipal Bond Fund (File No. 033-80630, File No. 811-08576)
-  
American High-Income Trust (File No. 033-17917, File No. 811-05364)
-  
The Bond Fund of America (File No. 002-50700, File No. 811-02444)
-  
Capital World Bond Fund (File No. 033-12447, File No. 811-05104)
-  
Intermediate Bond Fund of America (File No. 033-19514, File No. 811-05446)
-  
Limited Term Tax-Exempt Bond Fund of America (File No. 033-66214, File No. 811-07888)
-  
Short-Term Bond Fund of America (File No. 333-135770, File No. 811-21928)
-  
The Tax-Exempt Bond Fund of America (File No. 002-49291, File No. 811-02421)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti
Steven I. Koszalka
Patrick F. Quan
Courtney R. Taylor
Julie E. Lawton
Tanya Schneider
Raymond F. Sullivan, Jr.
Karl C. Grauman
M. Susan Gupton
Brian C. Janssen
Dori Laskin
Gregory F. Niland
 
 
each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission.  I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at Los Angeles, CA, this 13th day of June, 2012.
     (City, State)


/s/ Frank M. Sanchez                                                             
Frank M. Sanchez, Board member

 
 

 
POWER OF ATTORNEY

I, Margaret Spellings, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-  
American Balanced Fund (File No. 002-10758, File No. 811-00066)
-  
American Funds College Target Date Series (File No. 333-180729, File No. 811-22692)
-  
The American Funds Income Series – U.S. Government Securities Fund (File No. 002-98199, File No. 811-04318)
-  
American Funds Insurance Series (File No. 002-86838, File No. 811-03857)
-  
American Funds Money Market Fund (File No. 333-157162, File No. 811-22277)
-  
American Funds Mortgage Fund (File No. 333-168595, File No. 811-22449)
-  
American Funds Portfolio Series (File No. 333-178936, File No. 811-22656)
-  
American Funds Short-Term Tax-Exempt Bond Fund (File No. 033-26431, File No. 811-05750)
-  
American Funds Target Date Retirement Series (File No. 333-138648, File No. 811-21981)
-  
American Funds Tax-Exempt Fund of New York (File No. 333-168594, File No. 811-22448)
-  
The American Funds Tax-Exempt Series II – The Tax-Exempt Fund of California (File No. 033-06180, File No. 811-04694)
-  
American High-Income Municipal Bond Fund (File No. 033-80630, File No. 811-08576)
-  
American High-Income Trust (File No. 033-17917, File No. 811-05364)
-  
The Bond Fund of America (File No. 002-50700, File No. 811-02444)
-  
Capital World Bond Fund (File No. 033-12447, File No. 811-05104)
-  
The Income Fund of America (File No. 002-33371, File No. 811-01880)
-  
Intermediate Bond Fund of America (File No. 033-19514, File No. 811-05446)
-  
International Growth and Income Fund (File No. 333-152323, File No. 811-22215)
-  
Limited Term Tax-Exempt Bond Fund of America (File No. 033-66214, File No. 811-07888)
-  
Short-Term Bond Fund of America (File No. 333-135770, File No. 811-21928)
-  
The Tax-Exempt Bond Fund of America (File No. 002-49291, File No. 811-02421)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti
Steven I. Koszalka
Patrick F. Quan
Courtney R. Taylor
Julie E. Lawton
Tanya Schneider
Raymond F. Sullivan, Jr.
Karl C. Grauman
M. Susan Gupton
Brian C. Janssen
Dori Laskin
Gregory F. Niland
Jeffrey P. Regal
 
 
each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission.  I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at                                                      Washington, DC, this 18th day of June, 2012.
      (City, State)


/s/ Margaret Spellings                                                             
Margaret Spellings, Board member
 
 
 

 
POWER OF ATTORNEY

I, Steadman Upham, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-  
American Funds College Target Date Series (File No. 333-180729, File No. 811-22692)
-  
The American Funds Income Series – U.S. Government Securities Fund (File No. 002-98199, File No. 811-04318)
-  
American Funds Insurance Series (File No. 002-86838, File No. 811-03857)
-  
American Funds Money Market Fund (File No. 333-157162, File No. 811-22277)
-  
American Funds Mortgage Fund (File No. 333-168595, File No. 811-22449)
-  
American Funds Portfolio Series (File No. 333-178936, File No. 811-22656)
-  
American Funds Short-Term Tax-Exempt Bond Fund (File No. 033-26431, File No. 811-05750)
-  
American Funds Target Date Retirement Series (File No. 333-138648, File No. 811-21981)
-  
American Funds Tax-Exempt Fund of New York (File No. 333-168594, File No. 811-22448)
-  
The American Funds Tax-Exempt Series II – The Tax-Exempt Fund of California (File No. 033-06180, File No. 811-04694)
-  
American High-Income Municipal Bond Fund (File No. 033-80630, File No. 811-08576)
-  
American High-Income Trust (File No. 033-17917, File No. 811-05364)
-  
The Bond Fund of America (File No. 002-50700, File No. 811-02444)
-  
Capital Income Builder (File No. 033-12967, File No. 811-05085)
-  
Capital World Bond Fund (File No. 033-12447, File No. 811-05104)
-  
Capital World Growth and Income Fund, Inc. (File No. 033-54444, File No. 811-07338)
-  
Capital World Growth and Income Fund
-  
Intermediate Bond Fund of America (File No. 033-19514, File No. 811-05446)
-  
Limited Term Tax-Exempt Bond Fund of America (File No. 033-66214, File No. 811-07888)
-  
The New Economy Fund  (File No. 002-83848, File No. 811-03735)
-  
The New Economy Fund
-  
Short-Term Bond Fund of America (File No. 333-135770, File No. 811-21928)
-  
The Tax-Exempt Bond Fund of America (File No. 002-49291, File No. 811-02421)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti
Steven I. Koszalka
Patrick F. Quan
Courtney R. Taylor
Julie E. Lawton
Tanya Schneider
Raymond F. Sullivan, Jr.
Karl C. Grauman
M. Susan Gupton
Brian C. Janssen
Dori Laskin
Gregory F. Niland
Neal F. Wellons
 
 
each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission.  I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at Washington, DC, this 13th day of June, 2012.
     (City, State)


/s/ Steadman Upham                                                             
Steadman Upham, Board member
 
 
 

 
Exhibit Index

Exhibit No.
Description
   
EX-101.INS
XBRL Instance Document
EX-101.SCH
XBRL Taxonomy Extension Schema Document
EX-101.CAL
XBRL Taxonomy Extension Calculation Linkbase
EX-101.DEF
XBRL Taxonomy Extension Definition Linkbase
EX-101.LAB
XBRL Taxonomy Extension Labels Linkbase
EX-101.PRE
XBRL Taxonomy Extension Presentation Linkbase