-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Wy4mzP0dqeovqactpSH1UbxhhbP/BGom7Q7DSRh8zXlRchYySj9VdOQYugQsz4mG mJbT1ZOF4hBHg3NhfO5cMw== 0000357310-08-000004.txt : 20080619 0000357310-08-000004.hdr.sgml : 20080619 20080619162249 ACCESSION NUMBER: 0000357310-08-000004 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080430 FILED AS OF DATE: 20080619 DATE AS OF CHANGE: 20080619 EFFECTIVENESS DATE: 20080619 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRANKLIN FEDERAL TAX FREE INCOME FUND CENTRAL INDEX KEY: 0000357310 IRS NUMBER: 942821264 STATE OF INCORPORATION: CA FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-03395 FILM NUMBER: 08908029 BUSINESS ADDRESS: STREET 1: ONE FRANKLIN PARKWAY CITY: SAN MATEO STATE: CA ZIP: 94403-1906 BUSINESS PHONE: 650-570-3000 MAIL ADDRESS: STREET 1: ONE FRANKLIN PARKWAY CITY: SAN MATEO STATE: CA ZIP: 94403-1906 FORMER COMPANY: FORMER CONFORMED NAME: FRANKLIN CASH MANAGEMENT FUND DATE OF NAME CHANGE: 19831016 0000357310 S000006760 FRANKLIN FEDERAL TAX-FREE INCOME FUND C000018346 CLASS A FKTIX C000018347 CLASS B FFTBX C000018348 CLASS C FRFTX C000018349 ADVISOR CLASS FAFTX NSAR-B 1 answer.fil N-SAR ANSWER FILE PAGE 1 000 B000000 04/30/2008 000 C000000 0000357310 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 FRANKLIN FEDERAL TAX-FREE INCOME FUND 001 B000000 811-3395 001 C000000 6503122000 002 A000000 ONE FRANKLIN PARKWAY 002 B000000 SAN MATEO 002 C000000 CA 002 D010000 94403 002 D020000 1906 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 008 A000001 FRANKLIN ADVISERS, INC. 008 B000001 A 008 C000001 801-26292 008 D010001 SAN MATEO 008 D020001 CA 008 D030001 94403 008 D040001 1906 010 A000001 FRANKLIN TEMPLETON SERVICES, LLC 010 B000001 0 010 C010001 SAN MATEO 010 C020001 CA 010 C030001 94403 010 C040001 1906 011 A000001 FRANKLIN TEMPLETON DISTRIBUTORS, INC. 011 B000001 8-5889 011 C010001 SAN MATEO 011 C020001 CA 011 C030001 94403 011 C040001 1906 012 A000001 FRANKLIN TEMPLETON INVESTOR SERVICES, LLC 012 B000001 84-1036 012 C010001 RANCHO CORDOVA 012 C020001 CA 012 C030001 95670 012 C040001 7313 013 A000001 PRICEWATERHOUSECOOPERS LLP 013 B010001 SAN FRANCISCO PAGE 2 013 B020001 CA 013 B030001 94111 013 B040001 4004 014 A000001 FRANKLIN TEMPLETON DISTRIBUTORS, INC. 014 B000001 8-5889 015 A000001 BANK OF NEW YORK 015 B000001 C 015 C010001 NEW YORK 015 C020001 NY 015 C030001 10286 015 E010001 X 018 000000 Y 019 A000000 Y 019 B000000 157 019 C000000 FRNKTEMINV 021 000000 0 022 A000001 CITIGROUP GLOBAL MARKETS INC. 022 B000001 11-2418191 022 C000001 566145 022 D000001 417696 022 A000002 UBS SECURITIES LLC 022 B000002 13-3873456 022 C000002 360530 022 D000002 275501 022 A000003 LEHMAN BROTHERS INC. 022 B000003 13-2518466 022 C000003 256228 022 D000003 175151 022 A000004 BANC OF AMERICA SECURITIES LLC 022 B000004 56-2058405 022 C000004 243982 022 D000004 184303 022 A000005 WACHOVIA SECURITIES LLC 022 B000005 54-0796506 022 C000005 178813 022 D000005 176507 022 A000006 MORGAN STANLEY & CO., INC. 022 B000006 13-2655998 022 C000006 200970 022 D000006 95122 022 A000007 MERRILL LYNCH GOVERNMENT SECURITIES INC. 022 B000007 13-5674085 022 C000007 226017 022 D000007 41548 022 A000008 J.P. 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8 074 T000000 7927741 074 U010000 584059 074 U020000 86842 074 V010000 0.00 074 V020000 0.00 074 W000000 0.0000 074 X000000 91227 074 Y000000 180129 075 A000000 0 075 B000000 7599643 076 000000 0.00 077 A000000 Y 077 B000000 Y 077 C000000 N 077 E000000 N 077 Q010000 N 078 000000 N 080 A000000 ICI Mutual Insurance Company 080 B000000 None 080 C000000 220000 081 A000000 Y 081 B000000 578 082 A000000 N 082 B000000 0 083 A000000 N 083 B000000 0 084 A000000 N 084 B000000 0 085 A000000 Y 085 B000000 N 086 A010000 0 086 A020000 0 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 SIGNATURE LAURA FERGERSON TITLE TREASURER EX-99.77B ACCT LTTR 3 opinion.txt AUDITORS OPINION Report of Independent Registered Public Accounting Firm To the Board of Directors and Shareholders of Franklin Federal Tax-Free Income Fund In planning and performing our audit of the financial statements of Franklin Federal Tax- Free Income Fund (the "Fund") as of and for the year ended April 30, 2008, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Fund's internal control over financial reporting, including control activities for safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N- SAR, but not for the purpose of expressing an opinion on the effectiveness of the Fund's internal control over financial reporting. Accordingly, we express no such opinion. The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A Fund's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A fund's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund's assets that could have a material effect on the financial statements Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Fund's annual or interim financial statements will not be prevented or detected on a timely basis. Our consideration of the Fund's internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be significant deficiencies or material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Fund's internal control over financial reporting and its operation, including controls for safeguarding securities, that we consider to be material weaknesses as defined above as of April 30, 2008. This report is intended solely for the information and use of management and the Board of Directors of Franklin Federal Tax-Free Income Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. PricewaterhouseCoopers LLP San Francisco, California June 18, 2008 -----END PRIVACY-ENHANCED MESSAGE-----