N-Q 1 main.htm

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

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-4861

Fidelity Garrison Street Trust
 (Exact name of registrant as specified in charter)

82 Devonshire St., Boston, Massachusetts 02109
 (Address of principal executive offices)       (Zip code)

Scott C. Goebel, Secretary

82 Devonshire St.

Boston, Massachusetts 02109
(Name and address of agent for service)

Registrant's telephone number, including area code: 617-563-7000

Date of fiscal year end:

September 30

 

 

Date of reporting period:

December 31, 2012

Item 1. Schedule of Investments

Quarterly Holdings Report

for

Fidelity ® Money Market
Central Fund

December 31, 2012 

1.811315.108

CFM-QTLY-0213

Investments December 31, 2012 (Unaudited)

Showing Percentage of Net Assets

Certificate of Deposit - 40.6%

 

 

Yield (a)

Principal Amount

Value

Domestic Certificates Of Deposit - 1.9%

Branch Banking & Trust Co.

 

3/28/13 to 5/1/13

0.32 to 0.36%

$ 8,000,000

$ 8,000,000

State Street Bank & Trust Co., Boston

 

3/7/13 to 6/7/13

0.23 to 0.28

9,000,000

9,000,000

 

 

17,000,000

London Branch, Eurodollar, Foreign Banks - 5.9%

Commonwealth Bank of Australia

 

1/24/13

0.24

2,000,000

2,000,000

DNB Bank ASA

 

1/22/13

0.30

3,000,000

3,000,000

HSBC Bank PLC

 

4/12/13

0.30

2,000,000

2,000,000

Mizuho Corporate Bank Ltd.

 

1/9/13

0.35

2,000,000

2,000,000

National Australia Bank Ltd.

 

1/11/13 to 6/3/13

0.26 to 0.42 (c)

44,000,000

44,000,000

 

 

53,000,000

New York Branch, Yankee Dollar, Foreign Banks - 32.8%

Bank of Montreal Chicago CD Program

 

3/1/13 to 9/6/13

0.23 to 0.44 (c)

14,000,000

14,000,000

Bank of Nova Scotia

 

6/7/13 to 9/17/13

0.29 to 0.54 (c)

8,000,000

8,000,000

Bank of Tokyo-Mitsubishi UFJ Ltd.

 

1/8/13 to 3/26/13

0.27 to 0.50 (c)

42,000,000

42,000,000

Canadian Imperial Bank of Commerce

 

6/3/13 to 9/17/13

0.29 to 0.42 (c)

16,000,000

16,000,000

Credit Suisse

 

2/19/13

0.27

7,000,000

7,000,000

DnB NOR Bank ASA

 

1/14/13 to 2/12/13

0.25 to 0.30

4,000,000

4,000,000

Mitsubishi UFJ Trust & Banking Corp.

 

2/19/13 to 5/2/13

0.40 to 0.55

8,000,000

8,000,000

Mizuho Corporate Bank Ltd.

 

1/7/13 to 4/8/13

0.32 to 0.41

33,000,000

33,000,386

National Bank of Canada

 

2/4/13 to 6/18/13

0.34 to 0.41 (c)

8,000,000

8,000,000

Certificate of Deposit - continued

 

 

Yield (a)

Principal Amount

Value

New York Branch, Yankee Dollar, Foreign Banks - continued

Nordea Bank Finland PLC

 

2/20/13 to 3/28/13

0.25 to 0.27%

$ 9,000,000

$ 9,000,000

Royal Bank of Canada

 

2/11/13 to 8/30/13

0.38 to 0.74 (c)

15,000,000

15,000,000

Skandinaviska Enskilda Banken

 

1/22/13 to 2/6/13

0.26

7,000,000

7,000,000

Societe Generale

 

2/1/13

0.35

15,000,000

15,000,000

Sumitomo Mitsui Banking Corp.

 

2/13/13 to 5/8/13

0.35 to 0.44 (c)

49,000,000

49,001,203

Sumitomo Trust & Banking Co. Ltd.

 

1/9/13 to 2/26/13

0.30

20,000,000

20,000,000

Svenska Handelsbanken, Inc.

 

1/18/13 to 5/20/13

0.25 to 0.28

15,000,000

15,000,110

Toronto-Dominion Bank

 

2/4/13 to 9/13/13

0.30 to 0.32 (c)

15,000,000

15,000,055

UBS AG

 

5/7/13

0.32 (c)

5,000,000

5,000,000

Westpac Banking Corp.

 

1/29/13

0.23

2,000,000

2,000,000

 

 

292,001,754

TOTAL CERTIFICATE OF DEPOSIT


362,001,754

Financial Company Commercial Paper - 14.7%

 

Barclays Bank PLC/Barclays U.S. CCP Funding LLC

 

1/4/13

0.35

1,000,000

999,971

BNP Paribas Finance, Inc.

 

3/28/13

0.31

10,000,000

9,992,594

Commonwealth Bank of Australia

 

2/25/13 to 6/7/13

0.23 to 0.26 (c)

20,000,000

19,998,082

DNB Bank ASA

 

1/7/13 to 3/25/13

0.25 to 0.30

14,000,000

13,995,448

General Electric Capital Corp.

 

4/19/13 to 4/30/13

0.25

8,000,000

7,993,771

Financial Company Commercial Paper - continued

 

 

Yield (a)

Principal Amount

Value

JPMorgan Chase & Co.

 

4/26/13 to 5/28/13

0.28 to 0.30% (c)

$ 17,000,000

$ 17,000,000

Natexis Banques Populaires U.S. Finance Co. LLC

 

2/4/13

0.30

5,000,000

4,998,583

Nationwide Building Society

 

3/4/13 to 3/7/13

0.30

2,000,000

1,998,942

Nordea North America, Inc.

 

4/4/13

0.25

4,000,000

3,997,417

PNC Bank NA

 

2/15/13

0.39

2,000,000

1,999,025

Skandinaviska Enskilda Banken AB

 

2/1/13 to 3/6/13

0.26 to 0.28

6,000,000

5,998,022

Svenska Handelsbanken, Inc.

 

1/15/13 to 4/8/13

0.25 to 0.28

8,000,000

7,996,550

Toronto Dominion Holdings (USA)

 

5/16/13

0.27

5,000,000

4,994,938

Toyota Motor Credit Corp.

 

3/1/13 to 3/8/13

0.31 to 0.32

2,000,000

1,998,905

UBS Finance, Inc.

 

1/14/13 to 4/25/13

0.30 to 0.45

15,000,000

14,986,617

Westpac Banking Corp.

 

5/29/13 to 7/1/13

0.26 to 0.28 (c)

12,000,000

12,000,000

TOTAL FINANCIAL COMPANY COMMERCIAL PAPER


130,948,865

Asset Backed Commercial Paper - 2.0%

 

Ciesco LP (Citibank NA Guaranteed)

 

 

 

 

1/8/13

0.35

1,000,000

999,932

 

2/22/13

0.33

1,000,000

999,523

Govco, Inc. (Liquidity Facility Citibank NA)

 

 

 

 

1/8/13

0.35

1,000,000

999,932

 

1/11/13

0.35

3,000,000

2,999,708

 

1/11/13

0.35

4,000,000

3,999,611

 

2/1/13

0.35

1,000,000

999,699

 

2/1/13

0.35

1,000,000

999,699

 

2/5/13

0.30

1,000,000

999,708

Asset Backed Commercial Paper - continued

 

 

Yield (a)

Principal Amount

Value

Govco, Inc. (Liquidity Facility Citibank NA) - continued

 

2/11/13

0.33%

$ 1,000,000

$ 999,624

 

2/20/13

0.33

1,000,000

999,542

 

3/1/13

0.33

2,000,000

1,998,918

 

3/4/13

0.33

1,000,000

999,432

TOTAL ASSET BACKED COMMERCIAL PAPER


17,995,328

Other Commercial Paper - 2.0%

 

Anheuser-Busch InBev Worldwide, Inc.

 

4/3/13

0.28

5,669,000

5,664,944

Devon Energy Corp.

 

1/30/13

0.41 (c)

5,000,000

5,000,000

Ecolab, Inc.

 

1/11/13

0.51 (c)

2,000,000

2,000,000

MidAmerican Energy Holdings, Co.

 

1/4/13

0.39

2,000,000

1,999,935

Verizon Communications, Inc.

 

2/13/13

0.41 (c)

3,000,000

3,000,000

TOTAL OTHER COMMERCIAL PAPER


17,664,879

Treasury Debt - 6.4%

 

U.S. Treasury Obligations - 6.4%

U.S. Treasury Notes

 

1/15/13 to 12/31/13

0.16 to 0.23

57,000,000


57,463,573

Other Note - 3.5%

 

Medium-Term Notes - 3.5%

Dominion Resources, Inc.

 

2/13/13

0.41 (b)(c)

2,000,000

2,000,000

Royal Bank of Canada

 

9/1/13 to 9/13/13

0.46 to 0.69 (b)(c)

20,000,000

20,000,000

 

9/6/13

0.36 (c)

9,000,000

8,998,770

TOTAL OTHER NOTE


30,998,770

Variable Rate Demand Note - 1.1%

 

 

Yield (a)

Principal Amount

Value

Colorado - 0.6%

Denver Colorado Pub. Schools Ctfs. of Prtn. Series 2011 A4, LOC Royal Bank of Canada, VRDN

 

1/7/13

0.17% (c)

$ 5,000,000

$ 5,000,000

Delaware - 0.5%

Delaware Econ. Dev. Auth. Rev. (Delmarva Pwr. & Lt. Co. Proj.) Series 1999 A, VRDN

 

1/7/13

0.39 (c)

4,600,000

4,600,000

TOTAL VARIABLE RATE DEMAND NOTE


9,600,000

Government Agency Debt - 3.0%

 

Federal Agencies - 3.0%

Fannie Mae

 

9/11/14

0.19 (c)

6,000,000

5,998,001

Federal Home Loan Bank

 

9/19/13 to 6/25/14

0.19 to 0.22 (c)

11,000,000

10,996,797

Freddie Mac

 

12/5/14

0.22 (c)

10,000,000

10,000,000

TOTAL GOVERNMENT AGENCY DEBT


26,994,798

Insurance Company Funding Agreement - 0.1%

 

Medium-Term Notes - 0.1%

Metropolitan Life Insurance Co.

 

4/1/13

0.53 (c)(e)

1,000,000


1,000,000

Other Municipal Debt - 0.6%

Principal Amount

Value

New Hampshire - 0.6%

New Hampshire Bus. Fin. Auth. Poll. Cont. Rev. Bonds (New England Pwr. Co. Proj.) Series 1990 A, 0.5% tender 1/9/13, CP mode (d)

$ 5,000,000

$ 5,000,000

Government Agency Repurchase Agreement - 12.4%

Maturity Amount

 

In a joint trading account at 0.23% dated 12/31/12 due 1/2/13 (Collateralized by U.S. Government Obligations) #

$ 66,049,839

66,049,000

With:

BNP Paribas Securities Corp. at 0.23%, dated:

11/20/12 due 1/7/13 (Collateralized by U.S. Government Obligations valued at $3,060,841, 2.54% - 6.5%, 12/1/20 - 8/1/40)

3,001,131

3,000,000

11/21/12 due 1/7/13:

(Collateralized by U.S. Government Obligations valued at $3,060,821, 3% - 6%, 1/1/25 - 3/1/38)

3,001,112

3,000,000

(Collateralized by U.S. Government Obligations valued at $3,060,821, 4% - 6.5%, 10/1/15 - 1/20/42)

3,001,112

3,000,000

11/26/12 due 1/7/13 (Collateralized by U.S. Government Obligations valued at $11,222,653, 2.6% - 6%, 6/1/18 - 7/1/42)

11,004,217

11,000,000

Citibank NA at 0.2%, dated 12/26/12 due 1/2/13 (Collateralized by U.S. Government Obligations valued at $5,102,325, 2.86% - 4%, 8/1/35 - 8/1/40)

5,000,194

5,000,000

ING Financial Markets LLC at:

0.23%, dated:

11/28/12 due 1/7/13 (Collateralized by U.S. Government Obligations valued at $2,040,557, 2.5% - 4.5%, 12/15/39 - 6/1/41)

2,000,728

2,000,000

12/3/12 due 1/7/13 (Collateralized by U.S. Government Obligations valued at $2,062,894, 2.5%, 12/15/39)

2,000,767

2,000,000

0.24%, dated 12/21/12 due 1/7/13 (Collateralized by U.S. Government Obligations valued at $1,032,985, 5.84%, 10/20/33)

1,000,400

1,000,000

Mizuho Securities USA, Inc. at 0.29%, dated 10/29/12 due 1/7/13 (Collateralized by U.S. Government Obligations valued at $6,146,548, 3% - 3.5%, 7/1/21 - 10/20/42)

6,005,607

6,000,000

Morgan Stanley & Co., Inc. at 0.18%, dated 12/28/12 due 1/4/13 (Collateralized by U.S. Government Obligations valued at $4,082,298, 4%, 9/1/42)

4,000,140

4,000,000

Government Agency Repurchase Agreement - continued

Maturity Amount

Value

With: - continued

RBC Capital Markets Corp. at 0.25%, dated 10/24/12 due 1/7/13 (Collateralized by U.S. Government Obligations valued at $2,043,564, 2.21% - 5%, 2/13/17 - 12/20/42)

$ 2,001,250

$ 2,000,000

RBS Securities, Inc. at 0.25%, dated 12/3/12 due 1/3/13 (Collateralized by U.S. Government Obligations valued at $2,042,740, 3.66% - 5.82%, 5/1/36 - 9/1/40)

2,000,431

2,000,000

TOTAL GOVERNMENT AGENCY REPURCHASE AGREEMENT


110,049,000

Other Repurchase Agreement - 13.5%

 

 

 

 

Other Repurchase Agreement - 13.5%

With:

BNP Paribas Securities Corp. at 0.34%, dated 12/7/12 due 1/7/13 (Collateralized by Corporate Obligations valued at $1,050,734, 4.55% - 7.63%, 11/15/13 - 11/21/22)

1,000,293

1,000,000

Citigroup Global Markets, Inc. at 0.47%, dated 12/31/12 due 1/2/13 (Collateralized by Mortgage Loan Obligations valued at $18,900,494, 0.49% - 5.31%, 3/15/24 - 12/10/45)

18,000,470

18,000,000

Credit Suisse Securities (USA) LLC at:

0.29%, dated 12/28/12 due 1/4/13 (Collateralized by U.S. Government Obligations valued at $2,060,726, 1.89%, 1/16/53)

2,000,113

2,000,000

0.33%, dated 12/28/12 due 1/4/13 (Collateralized by Equity Securities valued at $2,160,144)

2,000,128

2,000,000

0.52%, dated 10/16/12 due 1/15/13 (Collateralized by Equity Securities valued at $3,243,721)

3,003,943

3,000,000

0.72%, dated 10/30/12 due 2/1/13 (Collateralized by Corporate Obligations valued at $1,081,555, 4%, 11/15/29)

1,001,880

1,000,000

0.77%, dated 11/19/12 due 2/19/13 (Collateralized by Mortgage Loan Obligations valued at $1,082,892, 0.48% - 6%, 6/20/34 - 11/25/46)

1,001,968

1,000,000

0.78%, dated:

10/15/12 due 1/14/13 (Collateralized by Corporate Obligations valued at $2,167,105, 0.37% - 8.29%, 6/15/30 - 1/25/38)

2,003,943

2,000,000

10/16/12 due 1/17/13 (Collateralized by Mortgage Loan Obligations valued at $3,249,310, 0.39% - 5.83%, 4/25/35 - 7/10/46)

3,006,045

3,000,000

10/22/12 due 1/24/13 (Collateralized by Corporate Obligations valued at $1,081,676, 0% - 8.29%, 6/15/30 - 1/25/46)

1,002,037

1,000,000

Other Repurchase Agreement - continued

Maturity Amount

Value

Other Repurchase Agreement - continued

With: - continued

Credit Suisse Securities (USA) LLC at:

0.78%, dated:

10/24/12 due 1/23/13 (Collateralized by Mortgage Loan Obligations valued at $1,188,818, 0.37% - 6%, 5/25/35 - 7/25/46)

$ 1,001,972

$ 1,000,000

11/6/12 due 2/4/13 (Collateralized by Corporate Obligations valued at $1,081,288, 0.47% - 53.92%, 6/25/36 - 11/3/44)

1,001,950

1,000,000

0.8%, dated:

10/1/12 due 1/2/13 (Collateralized by Mortgage Loan Obligations valued at $1,085,954, 0.35% - 6.16%, 11/15/30 - 4/15/41)

1,002,067

1,000,000

10/9/12 due 1/7/13 (Collateralized by Mortgage Loan Obligations valued at $2,174,201, 0.37% - 5.75%, 4/25/35 - 11/15/45)

2,004,000

2,000,000

J.P. Morgan Clearing Corp. at:

0.5%, dated 10/18/12 due 1/17/13 (Collateralized by Equity Securities valued at $1,088,107)

1,001,264

1,000,000

0.66%, dated 12/12/12 due 4/11/13 (Collateralized by Corporate Obligations valued at $2,175,670, 2.13%, 12/15/37)

2,004,400

2,000,000

0.69%, dated 10/22/12 due 2/19/13 (Collateralized by Corporate Obligations valued at $2,177,768,1%, 2/15/13)

2,004,600

2,000,000

0.71%, dated 10/19/12 due 4/17/13 (Collateralized by Equity Securities valued at $2,177,134)

2,007,100

2,000,000

0.73%, dated 10/22/12 due 3/21/13 (Collateralized by Corporate Obligations valued at $2,177,768, 1%, 2/15/13)

2,006,083

2,000,000

0.79%, dated 9/13/12 due 1/11/13 (Collateralized by Corporate Obligations valued at $2,179,955, 1%, 2/15/13)

2,005,267

2,000,000

J.P. Morgan Securities, Inc. at:

0.3%, dated 12/26/12 due 1/2/13 (Collateralized by U.S. Government Obligations valued at $11,330,550, 6.05% - 6.54%, 11/25/34 - 3/25/40)

11,000,642

11,000,000

0.38%, dated 12/28/12 due 1/4/13 (Collateralized by Corporate Obligations valued at $1,052,201, 5.93%, 10/1/16)

1,000,074

1,000,000

0.46%, dated 12/14/12 due 1/7/13 (Collateralized by Mortgage Loan Obligations valued at $2,163,172, 1.51% , 3/6/20)

2,000,792

2,000,000

0.92%, dated 9/21/12 due 3/20/13 (Collateralized by Mortgage Loan Obligations valued at $2,168,214, 1.51% , 3/6/20)

2,009,200

2,000,000

Other Repurchase Agreement - continued

Maturity Amount

Value

Other Repurchase Agreement - continued

With: - continued

Merrill Lynch, Pierce, Fenner & Smith at:

0.17%, dated 12/31/12 due 1/2/13 (Collateralized by U.S. Government Obligations valued at $23,690,224, 5.89% - 5.94%, 12/15/40 - 11/25/42)

$ 23,000,217

$ 23,000,000

0.3%, dated 12/21/12 due 1/2/13 (Collateralized by Commercial Paper Obligations valued at $2,060,206, 3/7/13 - 4/15/13)

2,000,200

2,000,000

0.38%, dated 12/26/12 due 1/2/13 (Collateralized by Equity Securities valued at $4,320,320)

4,000,296

4,000,000

0.62%, dated 12/31/12 due 1/7/13 (Collateralized by Mortgage Loan Obligations valued at $2,149,121,0% - 6.5%, 7/25/28 - 7/28/35)

2,000,241

2,000,000

Mizuho Securities USA, Inc. at:

0.37%, dated 12/28/12 due 1/7/13 (Collateralized by U.S. Government Obligations valued at $2,063,424, 3%, 1/25/28)

2,000,678

2,000,000

0.42%, dated 11/26/12 due 1/7/13 (Collateralized by Corporate Obligations valued at $2,098,918, 0.78% - 6.39%, 9/11/15 - 7/20/41)

2,001,353

2,000,000

0.54%, dated 12/27/12 due 1/7/13 (Collateralized by Corporate Obligations valued at $1,051,912, 4.72%, 2/20/18)

1,000,495

1,000,000

0.82%, dated 10/29/12 due 1/3/13 (Collateralized by Corporate Obligations valued at $1,155,077, 1.71%, 10/1/37)

1,001,503

1,000,000

0.95%, dated:

11/1/12 due 2/8/13 (Collateralized by Corporate Obligations valued at $1,068,400, 3.3% - 7.5%, 9/17/18 - 12/15/22)

1,002,613

1,000,000

11/26/12 due 2/22/13 (Collateralized by Mortgage Loan Obligations valued at $1,087,703, 0.49% - 6.44%, 6/15/17 - 3/1/42)

1,002,322

1,000,000

0.97%, dated 10/24/12 due 1/22/13 (Collateralized by Corporate Obligations valued at $1,155,452, 1.71%, 10/1/37)

1,002,425

1,000,000

RBC Capital Markets Co. at 0.43%, dated 12/10/12 due 1/7/13 (Collateralized by Corporate Obligations valued at $1,098,880, 0% - 6.39%, 12/25/40 - 12/1/45)

1,000,418

1,000,000

RBS Securities, Inc. at:

0.85%, dated 12/19/12 due 1/18/13 (Collateralized by U.S. Government Obligations valued at $2,064,729, 3.5%, 10/25/42)

2,001,417

2,000,000

Other Repurchase Agreement - continued

Maturity Amount

Value

Other Repurchase Agreement - continued

With: - continued

RBS Securities, Inc. at:

1.1%, dated 12/10/12 due 2/4/13 (Collateralized by U.S. Government Obligations valued at $5,156,583, 3.5%, 10/25/42)

$ 5,027,347

$ 5,000,000

Royal Bank of Scotland PLC at 0.85%, dated 12/7/12 due 1/7/13 (Collateralized by Corporate Obligations valued at $1,082,206, 1.46% - 2.07%, 11/27/19 - 7/24/21)

1,000,732

1,000,000

UBS Securities LLC at:

0.5%, dated:

10/18/12 due 1/7/13 (Collateralized by Corporate Obligations valued at $1,081,141, 1.88% - 4.25%, 12/15/14 - 12/15/27)

1,001,250

1,000,000

11/19/12 due 1/7/13 (Collateralized by Corporate Obligations valued at $1,053,942, 0.88% - 8.5%, 10/15/13 - 3/29/41)

1,001,278

1,000,000

0.55%, dated 10/4/12 due 1/7/13 (Collateralized by Corporate Obligations valued at $1,081,485, 1.88% - 4.25%, 12/15/14 - 12/15/27)

1,001,482

1,000,000

Wells Fargo Securities, LLC at 0.55%, dated 11/20/12 due:

2/19/13 (Collateralized by Corporate Obligations valued at $1,050,691, 0.21% - 5.8%, 6/30/14 - 4/1/46)

1,001,390

1,000,000

2/20/13 (Collateralized by Corporate Obligations valued at $1,051,091, 0.21% - 6.25%, 11/15/13 - 4/1/46)

1,001,406

1,000,000

TOTAL OTHER REPURCHASE AGREEMENT


120,000,000

TOTAL INVESTMENT PORTFOLIO - 99.9%

(Cost $889,716,967)

889,716,967

NET OTHER ASSETS (LIABILITIES) - 0.1%

590,491

NET ASSETS - 100%

$ 890,307,458

Security Type Abbreviations

CP

-

COMMERCIAL PAPER

VRDN

-

VARIABLE RATE DEMAND NOTE (A debt instrument that is payable upon demand, either daily, weekly or monthly)

Legend

(a) Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.

(b) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $22,000,000 or 2.5% of net assets.

(c) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

(d) Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals.

(e) Restricted securities - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $1,000,000 or 0.1% of net assets.

Additional information on each restricted holding is as follows:

Security

Acquisition Date

Cost

Metropolitan Life Insurance Co. 0.53%, 4/1/13

7/18/12

$ 1,000,000

# Additional information on each counterparty to the repurchase agreement is as follows:

Repurchase Agreement / Counterparty

Value

$66,049,000 due 1/02/13 at 0.23%

Bank of America NA

$ 35,488,710

Deutsche Bank Securities, Inc.

2,129,323

J.P. Morgan Securities, Inc.

3,193,984

Merrill Lynch, Pierce, Fenner & Smith, Inc.

497,410

Mizuho Securities USA, Inc.

17,744,354

Morgan Stanley & Co., Inc.

4,495,237

Societe Generale

1,971,595

UBS Securities LLC

528,387

 

$ 66,049,000

Other Information

The date shown for securities represents the date when principal payments must be paid, taking into account any call options exercised by the issuer and any permissible maturity shortening features other than interest rate resets.

All investments are categorized as Level 2 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, please refer to the Investment Valuation section at the end of this listing.

Income Tax Information

At December 31, 2012, the cost of investment securities for income tax purposes was $889,716,967.

Investment Valuation

Security transactions are accounted for as of trade date. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available).

As permitted by compliance with certain conditions under Rule 2a-7 of the 1940 Act, securities are valued at amortized cost, which approximates fair value. The amortized cost of an instrument is determined by valuing it at its original cost and thereafter amortizing any discount or premium from its face value at a constant rate until maturity. Securities held by a money market fund are generally high quality and liquid; however, they are reflected as Level 2 because the inputs used to determine fair value are not quoted prices in an active market.

For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

Quarterly Report

The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please

see the fund's most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC

or an affiliate.

Quarterly Report

Item 2. Controls and Procedures

(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Garrison Street Trust's (the "Trust") disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.

(a)(ii) There was no change in the Trust's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the Trust's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Trust's internal control over financial reporting.

Item 3. Exhibits

Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Fidelity Garrison Street Trust

By:

/s/Stephanie J. Dorsey

 

Stephanie J. Dorsey

 

President and Treasurer

 

 

Date:

March 1, 2013

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:

/s/Stephanie J. Dorsey

 

Stephanie J. Dorsey

 

President and Treasurer

 

 

Date:

March 1, 2013

By:

/s/Christine Reynolds

 

Christine Reynolds

 

Chief Financial Officer

 

 

Date:

March 1, 2013