Consolidated Statements of Income (USD $) In Thousands, except Per Share data	3 Months Ended				9 Months Ended
	Sep. 30, 2011		Sep. 30, 2010		Sep. 30, 2011		Sep. 30, 2010
Revenue
Investment advisory fees, net-affiliates	$ 123,510		$ 148,051		$ 400,754		$ 428,364
Investment advisory fees, net-other	15,889		15,732		47,361		45,866
Administrative service fees, net-affiliates	54,928		53,085		163,527		161,233
Other service fees, net-affiliates	16,056		21,788		55,790		60,160
Other service fees, net-other	2,952		2,857		9,346		8,821
Other, net	713		660		1,930		2,182
Total revenue	214,048		242,173		678,708		706,626
Operating Expenses
Compensation and related	57,930		61,387		184,819		186,469
Distribution	54,440		68,800		176,930		190,068
Professional service fees	9,437		9,401		44,171		9,596
Office and occupancy	6,202		5,841		18,436		16,990
Systems and communications	5,825		5,362		17,131		16,996
Advertising and promotional	3,887		2,724		9,889		7,480
Travel and related	2,809		2,692		8,501		8,005
Intangible asset related	1,263		3,397		6,672		16,522
Amortization of deferred sales commissions	1,338		2,987		5,999		9,274
Other	3,906		4,494		10,566		14,467
Total operating expenses	147,037		167,085		483,114		475,867
Operating income	67,011		75,088		195,594		230,759
Nonoperating Income (Expenses)
Investment income, net	1,022		1,049		3,206		2,058
(Loss) gain on securities, net	(2,293)	[1]	3,426	[1]	515	[1]	835	[1]
Debt expense - recourse	(3,972)		(4,958)		(13,187)		(10,196)
Other, net	(83)		(65)		(192)		(310)
Total nonoperating expenses, net	(5,326)		(548)		(9,658)		(7,613)
Income before income taxes	61,685		74,540		185,936		223,146
Income tax provision	23,165		26,477		69,477		82,613
Net income including noncontrolling interests in subsidiaries	38,520		48,063		116,459		140,533
Less: Net income attributable to the noncontrolling interests in subsidiaries	200		5,007		2,495		7,820
Net income	$ 38,320		$ 43,056		$ 113,964		$ 132,713
Amounts attributable to Federated Investors, Inc.
Earnings per common share - Basic and Diluted	$ 0.37	[2]	$ 0.42	[2]	$ 1.09	[2]	$ 1.27	[2]
Cash dividends per share	$ 0.24		$ 0.24		$ 0.72		$ 1.98

[1] (Loss) gain on securities, net related to consolidated investment companies totaled $(2.3) million and $2.6 million for the three months ended September 30, 2011 and 2010, respectively, and $(1.7) million and $0.1 million for the nine months ended September 30, 2011 and 2010, respectively.

[2] Federated Common Stock excludes unvested restricted stock which are deemed participating securities in accordance with the two-class method of computing earnings per share.