Form N-CEN FIDELITY REVERE STREET For: May 31
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E-mailX0404 N-CEN LIVE 0001022695 XXXXXXXX 811-07807 true false false N-1A true Fidelity Revere Street Trust 811-07807 0001022695 549300BDV45LJNXBZC55 245 Summer Street Boston 02210 US-MA US 1-800-FIDELITY Fidelity Service Company 245 Summer Street BOST 02210 1-800-FIDELITY Books and Records of the Fund as required to be maintained by the Investment Company Act N N N-1A 4 N ELIZABETH ACTON N/A N MARIE KNOWLES N/A N JENNIFER TOOLIN MCAULIFFE N/A Y JOHN ENGLER N/A N MARK MURRAY N/A N ROBERT GARTLAND 001367184 N ANN DUNWOODY N/A N ABIGAIL JOHNSON 004340399 Y MICHAEL KENNEALLY 004140099 N ARTHUR JOHNSON N/A N KENNETH ROBINS 006242664 ONE SPARTAN WAY MERRIMACK 03054 XXXXXX N N N N N N N PricewaterhouseCoopers LLP 238 5493002GVO7EO8RNNS37 Deloitte & Touche LLP 34 N/A N N N N N N N Fidelity Tax-Free Cash Central Fund S000007182 549300DF542PDF9LG391 N 1 0 0 Money Market Fund N N N N N/A 0.00000000 0.00000000 Rule 12d1-1 (17 CFR 270.12d1-1) Rule 17a-7 (17 CFR 270.17a-7) Rule 17e-1 (17 CFR 270.17e-1) Rule 32a-4 (17 CFR 270.32a-4) Y N N N Fidelity Management & Research Company LLC 801-7884 000108281 5493001Z012YSB2A0K51 N Fidelity Management & Research (Japan) Limited 801-69571 000148239 549300FF7J6H5TZ22Y05 Y JP N FMR Investment Management (UK) Limited 801-28773 000108273 549300DJ0TLKPO1HIS84 Y GB N Fidelity Management & Research (Hong Kong) Limited 801-69507 000148045 549300VLVPR60I312N68 Y HK N Fidelity Investments Institutional Operations Company LLC 084-01839 549300XVSM8LN3LQOK63 Y N N INTERCONTINENTAL EXCHANGE INC 5493000F4ZO33MV32P92 N REFINITIV US HOLDINGS INC 549300NF240HXJO7N016 N N BANK OF NEW YORK MELLON HPFHU0OQ28E4N0NFVK49 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 N Y Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 N Y Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Fidelity Investments Institutional Operations Company LLC 549300XVSM8LN3LQOK63 Y N N Fidelity Service Company 549300LT256P1KNTYF28 Y N N 0.00000000 PIPER SANDLER COS N/A N/A QUQDBTUSOAKFEVMRMF78 374285000.00000000 ROYAL BANK OF CANADA N/A N/A ES7IP3U3RHIGC71XBU11 CA 371526882.60000000 WELLS FARGO and CO N/A N/A PBLD0EJDB5FWOLXP3B76 344550000.00000000 US BANCORP DEL N/A N/A N1GZ7BBF3NP8GI976H15 794260000.00000000 BANK OF AMERICA CORPORATION N/A N/A 9DJT3UXIJIZJI4WXO774 1666919000.00000000 JPMORGAN CHASE and CO N/A N/A 8I5DZWZKVSZI1NUHU748 1996828731.40000000 THE TORONTO DOMINION BANK N/A N/A PT3QB789TSUIDF371261 CA 460155000.00000000 MORGAN STANLEY N/A N/A IGJSJL3JD5P30I6NJZ34 481517227.50000000 CITIGROUP INC N/A N/A 6SHGI4ZSSLCXXQSBB395 693685000.00000000 BARCLAYS PLC (UNGTD) N/A N/A 213800LBQA1Y9L22JB70 GB 858185481.00000000 9303537322.50000000 N 1233923919.00000000 Uncommitted 400000000.00000000 N Uncommitted 500000000.00000000 N Uncommitted 1500000000.00000000 N Uncommitted 150000000.00000000 N Uncommitted 300000000.00000000 N Uncommitted 500000000.00000000 N Uncommitted 25000000.00000000 N N N Fidelity Municipal Cash Central Fund S000007180 549300VX1XN0XYXZTJ15 N 1 0 0 Money Market Fund N N N N N/A 0.00000000 0.00000000 Rule 17a-7 (17 CFR 270.17a-7) Rule 32a-4 (17 CFR 270.32a-4) Rule 17e-1 (17 CFR 270.17e-1) Rule 12d1-1 (17 CFR 270.12d1-1) Y N N N Fidelity Management & Research Company LLC 801-7884 000108281 5493001Z012YSB2A0K51 N Fidelity Management & Research (Japan) Limited 801-69571 000148239 549300FF7J6H5TZ22Y05 Y JP N FMR Investment Management (UK) Limited 801-28773 000108273 549300DJ0TLKPO1HIS84 Y GB N Fidelity Management & Research (Hong Kong) Limited 801-69507 000148045 549300VLVPR60I312N68 Y HK N Fidelity Investments Institutional Operations Company LLC 084-01839 549300XVSM8LN3LQOK63 Y N N REFINITIV US HOLDINGS INC 549300NF240HXJO7N016 N INTERCONTINENTAL EXCHANGE INC 5493000F4ZO33MV32P92 N N The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 N Y Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) BANK OF NEW YORK MELLON HPFHU0OQ28E4N0NFVK49 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 N Y Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Fidelity Investments Institutional Operations Company LLC 549300XVSM8LN3LQOK63 Y N N Fidelity Service Company 549300LT256P1KNTYF28 Y N N 0.00000000 GOLDMAN SACHS GROUP INC (THE) N/A N/A 784F5XWPLTWKTBV3E584 1315390000.00000000 CITIGROUP INC N/A N/A 6SHGI4ZSSLCXXQSBB395 807866129.50000000 PIPER SANDLER COS N/A N/A QUQDBTUSOAKFEVMRMF78 498465000.00000000 MORGAN STANLEY N/A N/A IGJSJL3JD5P30I6NJZ34 657225000.00000000 JPMORGAN CHASE and CO N/A N/A 8I5DZWZKVSZI1NUHU748 3626982000.00000000 ROYAL BANK OF CANADA N/A N/A ES7IP3U3RHIGC71XBU11 CA 670001642.00000000 THE TORONTO DOMINION BANK N/A N/A PT3QB789TSUIDF371261 CA 539610000.00000000 BARCLAYS PLC (UNGTD) N/A N/A 213800LBQA1Y9L22JB70 GB 1607924274.50000000 BANK OF AMERICA CORPORATION N/A N/A 9DJT3UXIJIZJI4WXO774 2340884000.00000000 US BANCORP DEL N/A N/A N1GZ7BBF3NP8GI976H15 839211000.00000000 14273639046.00000000 N 1727467364.00000000 Uncommitted 1500000000.00000000 N Uncommitted 25000000.00000000 N Uncommitted 500000000.00000000 N Uncommitted 500000000.00000000 N Uncommitted 150000000.00000000 N Uncommitted 400000000.00000000 N Uncommitted 300000000.00000000 N N N Fidelity Securities Lending Cash Central Fund S000007181 549300Z2OZVEF65D8I44 N 1 0 0 Money Market Fund N N N N N/A 0.00000000 0.00000000 Rule 17e-1 (17 CFR 270.17e-1) Rule 17a-7 (17 CFR 270.17a-7) Rule 32a-4 (17 CFR 270.32a-4) Y N N N Fidelity Management & Research Company LLC 801-7884 000108281 5493001Z012YSB2A0K51 N FMR Investment Management (UK) Limited 801-28773 000108273 549300DJ0TLKPO1HIS84 Y GB N Fidelity Management & Research (Hong Kong) Limited 801-69507 000148045 549300VLVPR60I312N68 Y HK N Fidelity Management & Research (Japan) Limited 801-69571 000148239 549300FF7J6H5TZ22Y05 Y JP N Fidelity Investments Institutional Operations Company LLC 084-01839 549300XVSM8LN3LQOK63 Y N N INTERCONTINENTAL EXCHANGE INC 5493000F4ZO33MV32P92 N PRICINGDIRECT INC 549300WIC0TOJ7N7GD54 N N CACEIS Bank Spain SAU 95980020140005900000 ES N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) UniCredit Bank Czech Republic and Slovakia as KR6LSKV3BTSJRD41IF75 CZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 N Y Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 NZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) JP Morgan Bank Luxembourg SA 7W1GMC6J4KGLBBUSYP52 NL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Standard Chartered Bank Thai Public Company Limited 549300O1LQYCQ7G1IM57 TH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 AU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BNP Paribas Securities Services SCA 549300WCGB70D06XZS54 PT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank AG 7LTWFZYICNSX8D621K86 HU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Nordea Bank Abp 529900ODI3047E2LIV03 FI N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 N Y Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) Nordea Bank Abp 529900ODI3047E2LIV03 NO N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BANK OF NEW YORK MELLON HPFHU0OQ28E4N0NFVK49 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) BNP Paribas Securities Services SCA 549300WCGB70D06XZS54 IT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) JP Morgan Bank Luxembourg SA 7W1GMC6J4KGLBBUSYP52 FR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) UniCredit Bank Austria AG D1HEB8VEU6D9M8ZUXG17 AT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Banco Nacional de Mexico SA 2SFFM4FUIE05S37WFU55 MX N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) FirstRand Bank Limited ZAYQDKTCATIXF9OQY690 ZA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank AG 7LTWFZYICNSX8D621K86 DE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Euroclear 549300OZ46BRLZ8Y6F65 BE N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) JP Morgan Bank Luxembourg SA 7W1GMC6J4KGLBBUSYP52 BE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) JPMORGAN CHASE BANK NA NEW YORK NY 7H6GLXDRUGQFU57RNE97 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) DBS Bank Ltd ATUEL7OJR5057F2PV266 SG N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Mizuho Bank Ltd RB0PEZSDGCO3JS6CEU02 JP N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Royal Bank of Canada ES7IP3U3RHIGC71XBU11 CA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) UBS Switzerland AG 549300WOIFUSNYH0FL22 CH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 GB N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Nordea Bank Abp 529900ODI3047E2LIV03 DK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BNP Paribas Securities Services SCA 549300WCGB70D06XZS54 LU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Nordea Bank Abp 529900ODI3047E2LIV03 SE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 HK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Hongkong and Shanghai Banking Corporation Limited 2HI3YI5320L3RW6NJ957 PH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Y Fidelity Investments Institutional Operations Company LLC 549300XVSM8LN3LQOK63 Y N N Fidelity Service Company 549300LT256P1KNTYF28 Y N N 0.00000000 ING GROEP NV N/A N/A 549300NYKK9MWM7GGW15 NL 63960681000.00000000 SUMITOMO MITSUI FINANCIAL GROUP INC N/A N/A 35380028MYWPB6AUO129 JP 142300000000.00000000 FEDERAL RESERVE BANK OF NY N/A N/A 254900Y8NKGV541U8Q32 6118082000000.00000000 BARCLAYS PLC (UNGTD) N/A N/A 213800LBQA1Y9L22JB70 GB 207365059750.52000000 BGC PARTNERS INC N/A N/A TF1LXM1YNB81WKUH5G19 161905078000.00000000 MIZUHO FINANCIAL GROUP INC N/A N/A 353800CI5L6DDAN5XZ33 JP 92580206866.62000000 TP ICAP GROUP PLC N/A N/A 2138006YAA7IRVKKGE63 JE 311875972000.00000000 LANDESBANK BADEN-WUERTTEMBER N/A N/A B81CK4ESI35472RHJ606 DE 58700171005.17000000 CREDIT AGRICOLE SA N/A N/A 969500TJ5KRTCJQWXH05 FR 267175532000.00000000 ROYAL BANK OF CANADA N/A N/A ES7IP3U3RHIGC71XBU11 CA 22516091399.98000000 7532339663377.85000000 N 35155381294.00000000 Uncommitted 1500000000.00000000 N Uncommitted 400000000.00000000 N Uncommitted 300000000.00000000 N Uncommitted 500000000.00000000 N Uncommitted 25000000.00000000 N Uncommitted 500000000.00000000 N Uncommitted 150000000.00000000 N N N Fidelity Cash Central Fund S000007179 549300LILL5L73M8UJ34 N 1 0 0 Money Market Fund N N N N N/A 0.00000000 0.00000000 Rule 17a-7 (17 CFR 270.17a-7) Rule 17e-1 (17 CFR 270.17e-1) Rule 32a-4 (17 CFR 270.32a-4) Y N N N Fidelity Management & Research Company LLC 801-7884 000108281 5493001Z012YSB2A0K51 N FMR Investment Management (UK) Limited 801-28773 000108273 549300DJ0TLKPO1HIS84 Y GB N Fidelity Management & Research (Hong Kong) Limited 801-69507 000148045 549300VLVPR60I312N68 Y HK N Fidelity Management & Research (Japan) Limited 801-69571 000148239 549300FF7J6H5TZ22Y05 Y JP N Fidelity Investments Institutional Operations Company LLC 084-01839 549300XVSM8LN3LQOK63 Y N N INTERCONTINENTAL EXCHANGE INC 5493000F4ZO33MV32P92 N PRICINGDIRECT INC 549300WIC0TOJ7N7GD54 N N Deutsche Bank AG 7LTWFZYICNSX8D621K86 HU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) JP Morgan Bank Luxembourg SA 7W1GMC6J4KGLBBUSYP52 FR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Hongkong and Shanghai Banking Corporation Limited 2HI3YI5320L3RW6NJ957 PH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Euroclear 549300OZ46BRLZ8Y6F65 BE N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Nordea Bank Abp 529900ODI3047E2LIV03 NO N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BNP Paribas Securities Services SCA 549300WCGB70D06XZS54 LU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Nordea Bank Abp 529900ODI3047E2LIV03 DK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CACEIS Bank Spain SAU 95980020140005900000 ES N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Nordea Bank Abp 529900ODI3047E2LIV03 FI N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 GB N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 AU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 HK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Nordea Bank Abp 529900ODI3047E2LIV03 SE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 N Y Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) Royal Bank of Canada ES7IP3U3RHIGC71XBU11 CA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) FirstRand Bank Limited ZAYQDKTCATIXF9OQY690 ZA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BNP Paribas Securities Services SCA 549300WCGB70D06XZS54 PT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) JPMORGAN CHASE BANK NA NEW YORK NY 7H6GLXDRUGQFU57RNE97 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) BNP Paribas Securities Services SCA 549300WCGB70D06XZS54 IT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) UniCredit Bank Austria AG D1HEB8VEU6D9M8ZUXG17 AT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Standard Chartered Bank Thai Public Company Limited 549300O1LQYCQ7G1IM57 TH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) JP Morgan Bank Luxembourg SA 7W1GMC6J4KGLBBUSYP52 BE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DBS Bank Ltd ATUEL7OJR5057F2PV266 SG N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 N Y Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) JPMorgan Chase Bank NA 7H6GLXDRUGQFU57RNE97 NZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) JP Morgan Bank Luxembourg SA 7W1GMC6J4KGLBBUSYP52 NL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) UniCredit Bank Czech Republic and Slovakia as KR6LSKV3BTSJRD41IF75 CZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank AG 7LTWFZYICNSX8D621K86 DE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BANK OF NEW YORK MELLON HPFHU0OQ28E4N0NFVK49 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) UBS Switzerland AG 549300WOIFUSNYH0FL22 CH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Banco Nacional de Mexico SA 2SFFM4FUIE05S37WFU55 MX N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Mizuho Bank Ltd RB0PEZSDGCO3JS6CEU02 JP N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Y Fidelity Investments Institutional Operations Company LLC 549300XVSM8LN3LQOK63 Y N N Fidelity Service Company 549300LT256P1KNTYF28 Y N N 0.00000000 MIZUHO FINANCIAL GROUP INC N/A N/A 353800CI5L6DDAN5XZ33 JP 155038580000.00000000 BGC PARTNERS INC N/A N/A TF1LXM1YNB81WKUH5G19 271857968000.00000000 SUMITOMO MITSUI FINANCIAL GROUP INC N/A N/A 35380028MYWPB6AUO129 JP 146320000000.00000000 FEDERAL RESERVE BANK OF NY N/A N/A 254900Y8NKGV541U8Q32 9939226000000.00000000 BARCLAYS PLC (UNGTD) N/A N/A 213800LBQA1Y9L22JB70 GB 298977468944.98000000 ROYAL BANK OF CANADA N/A N/A ES7IP3U3RHIGC71XBU11 CA 40374855000.00000000 CREDIT AGRICOLE SA N/A N/A 969500TJ5KRTCJQWXH05 FR 434978047000.00000000 LANDESBANK BADEN-WUERTTEMBER N/A N/A B81CK4ESI35472RHJ606 DE 80334624563.08000000 TP ICAP GROUP PLC N/A N/A 2138006YAA7IRVKKGE63 JE 509045084000.00000000 ING GROEP NV N/A N/A 549300NYKK9MWM7GGW15 NL 104933025000.00000000 12120911398158.46000000 N 57224354642.00000000 Uncommitted 300000000.00000000 N Uncommitted 500000000.00000000 N Uncommitted 1500000000.00000000 N Uncommitted 500000000.00000000 N Uncommitted 25000000.00000000 N Uncommitted 400000000.00000000 N Uncommitted 150000000.00000000 N N true
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Trustees of Fidelity Revere Street Trust and the Shareholders of Fidelity Tax-Free Cash Central Fund:
In planning and performing our audit of the financial statements of Fidelity Tax-Free Cash Central Fund (the “Fund”), a fund of Fidelity Revere Street Trust, as of and for the year ended May 31, 2022, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Fund’s internal control over financial reporting, including controls over 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-CEN, 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 fund; (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 fund are being made only in accordance with authorizations of management of the fund and trustees of the trust; 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 a 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 that might be material weaknesses under standards established by the PCAOB. 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 a material weakness, as defined above, as of May 31, 2022.
This report is intended solely for the information and use of management, the Trustees of Fidelity Revere Street Trust and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.
/s/ Deloitte & Touche LLP
Boston, Massachusetts
July 14, 2022
Report of Independent Registered Public Accounting Firm
To the Board of Trustees of Fidelity Revere Street Trust and Shareholders of Fidelity Cash Central Fund, Fidelity Municipal Cash Central Fund and Fidelity Securities Lending Cash Central Fund
In planning and performing our audits of the financial statements of Fidelity Cash Central Fund, Fidelity Municipal Cash Central Fund and Fidelity Securities Lending Cash Central Fund (three of the funds constituting Fidelity Revere Street Trust, hereafter collectively referred to as the “Funds”) as of and for the year ended May 31, 2022, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds’ internal control over financial reporting, including controls over 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-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Funds’ internal control over financial reporting.
The management of the Funds 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 company’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 company’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 directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company’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 company’s annual or interim financial statements will not be prevented or detected on a timely basis.
Our consideration of the Funds’ 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 material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds’ internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be material weaknesses as defined above as of May 31, 2022.
This report is intended solely for the information and use of the Board of Trustees of Fidelity Revere Street Trust and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.
/s/ PricewaterhouseCoopers LLP
Boston, Massachusetts
July 14, 2022
PricewaterhouseCoopers LLP, 101 Seaport Boulevard, Suite 500, Boston, MA 02210
T: (617) 530 5000, www.pwc.com/us
2
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