Close

Form N-CEN T. Rowe Price Floating For: May 31

August 8, 2022 2:47 PM EDT

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

  X0404
  
    N-CEN
    
      LIVE
      
        
          0001520245
          XXXXXXXX
        
        811-22557
      
      
        false
        false
        false
      
      N-1A
    
    
      
        true
      
    
  
  
    
    
      T. ROWE PRICE FLOATING RATE FUND, INC.
      811-22557
      0001520245
      5493004KRT7NG00XZI44
      100 East Pratt Street
      Baltimore
      21202
      US-MD
      US
      410-345-2000
      
        
      
      
        
          State Street Corporation
          1776 Heritage Drive
          Quincy
          
          02171
          617-786-3000
          Custodian records for the Registrant.
        
        
          JPMorgan Chase Bank, London
          Woolgate House, Coleman Street
          London
          GB
          EC2P 2HD
          0 44 20 7742 4000
          Records related to the custody of Registrant's portfolio securities which are purchased outside the United States.
        
        
          T. ROWE PRICE FLOATING RATE FUND, INC.
          100 East Pratt Street
          Baltimore
          
          21202
          410-345-2000
          All accounts, books, and other documents required to be maintained by the Registrant under Section 31(a) of the Investment Company Act of 1940 and the rules thereunder.
        
        
          The Bank of New York Mellon
          103 Bellevue Parkway
          Wilmington
          
          19809
          800-441-9800
          Fund accounting records.
        
        
          T. Rowe Price Services, Inc.
          100 East Pratt Street
          Baltimore
          
          21202
          410-345-2000
          Transfer, dividend disbursing, and shareholder service records.
        
      
      N
      N
      
      N-1A
      1
      Y
      
        
          Bruce W. Duncan
          N/A
          N
          
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
          
        
        
          Teresa Bryce Bazemore
          N/A
          N
          
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
          
        
        
          Paul F. McBride
          N/A
          N
          
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
          
        
        
          Kellye L. Walker
          N/A
          N
          
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
          
        
        
          Robert J. Gerrard, Jr.
          N/A
          N
          
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
          
        
        
          Eric L. Veiel
          003269676
          Y
          
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
          
        
        
          David Oestreicher
          004594569
          Y
          
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
          
        
      
      
        
          Armando Capasso
          007152939
          100 East Pratt Street
          Baltimore
          
          21202
          XXXXXX
          Y
          
            
          
        
      
      N
      N
      N
      N
      
      N
      N
      
        
          T. Rowe Price Investment Services, Inc.
          008-25130
          000008348
          N/A
          
          Y
        
      
      N
      
        
          PricewaterhouseCoopers LLP
          238
          5493002GVO7EO8RNNS37
          
        
      
      N
      N
      N
      N
      N
      N
      N
    
    
      
        T. Rowe Price Floating Rate Fund, Inc.
        S000033565
        55EVHYN9ZAYVXIDNQB12
        N
        4
        0
        0
        
          
          
          
          
        
        N/A
        N
        N
        Y
        N
        N/A
        N/A
        N/A
        
          Rule 12d1-4 (17 CFR 270.12d1-4)
          Rule 12d1-1 (17 CFR 270.12d1-1)
          Rule 32a-4 (17 CFR 270.32a-4)
        
        Y
        Y
        Y
        N
        
          
            T. Rowe Price Retirement Plan Services, Inc.
            084-01917
            N/A
            
            Y
            Y
          
          
            T. Rowe Price Services, Inc.
            084-01079
            N/A
            
            Y
            N
          
        
        N
        
          
            ICE Data Services
            13-3668779
            Tax ID
            
            N
          
          
            Markit North America, Inc.
            N/A
            
            N
          
          
            Refinitiv US Holdings Inc.
            549300NF240HXJO7N016
            
            N
          
          
            Bloomberg Finance L.P.
            5493001KJTIIGC8Y1R12
            
            N
          
        
        N
        
          
            Deutsche Bank Aktiengesellschaft
            7LTWFZYICNSX8D621K86
            DE
            N
            Y
            Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
          
          
            Skandinaviska Enskilda Banken AB, Helsinki Branch
            F3JS33DEI6XQ4ZBPTN86
            FI
            N
            Y
            Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
          
          
            BNP Paribas Securities Services S.C.A. - Milan Branch
            549300WCGB70D06XZS54
            IT
            N
            Y
            Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
          
          
            J.P. Morgan Bank Luxembourg S.A.
            7W1GMC6J4KGLBBUSYP52
            LU
            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)
          
          
            JPMorgan Chase Bank, N.A.
            7H6GLXDRUGQFU57RNE97
            
            N
            Y
            Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
          
          
            EUROCLEAR BANK SA/NV
            549300OZ46BRLZ8Y6F65
            BE
            N
            Y
            Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)
          
          
            UBS Switzerland AG
            549300WOIFUSNYH0FL22
            CH
            N
            Y
            Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
          
          
            JPMorgan Chase Bank, London
            7H6GLXDRUGQFU57RNE97
            GB
            N
            Y
            Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
          
          
            State Street Bank and Trust Company
            571474TGEMMWANRLN572
            
            N
            N
            Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
          
          
            UniCredit Bank Austria AG
            D1HEB8VEU6D9M8ZUXG17
            AT
            N
            Y
            Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
          
          
            BNP Paribas Securities Services S.C.A. - Lisbon Branch
            549300WCGB70D06XZS54
            PT
            N
            Y
            Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
          
        
        N
        
          
            T. Rowe Price Retirement Plan Services, Inc.
            N/A
            
            Y
            Y
          
          
            T. Rowe Price Services, Inc.
            N/A
            
            Y
            N
          
        
        N
        
          
            T. Rowe Price Associates, Inc.
            7HTL8AEQSEDX602FBU63
            
            Y
            N
          
        
        N
        
          
            T. Rowe Price Investment Services, Inc.
            008-25130
            000008348
            N/A
            
            0.00000000
          
        
        0.00000000
        
          
            Credit Suisse Group AG
            N/A
            N/A
            549300506SI9CRFV9Z86
            CH
            340943408.00000000
          
          
            The Goldman Sachs Group, Inc.
            N/A
            N/A
            784F5XWPLTWKTBV3E584
            
            324098192.00000000
          
          
            Deutsche Bank Aktiengesellschaft
            N/A
            N/A
            7LTWFZYICNSX8D621K86
            DE
            195431908.00000000
          
          
            Bank of America Corporation
            N/A
            N/A
            9DJT3UXIJIZJI4WXO774
            
            469389751.00000000
          
          
            Citigroup Inc.
            N/A
            N/A
            6SHGI4ZSSLCXXQSBB395
            
            169835706.00000000
          
          
            JP MORGAN CHASE & CO.
            N/A
            N/A
            8I5DZWZKVSZI1NUHU748
            
            469058370.00000000
          
          
            Royal Bank of Canada
            N/A
            N/A
            ES7IP3U3RHIGC71XBU11
            CA
            180381587.00000000
          
          
            Morgan Stanley
            N/A
            N/A
            IGJSJL3JD5P30I6NJZ34
            
            431010001.00000000
          
          
            Jefferies Financial Group Inc.
            N/A
            N/A
            549300HOF34RGOJ5YL07
            
            395729997.00000000
          
          
            BARCLAYS PLC
            N/A
            N/A
            213800LBQA1Y9L22JB70
            GB
            354726334.00000000
          
        
        4132900756.00000000
        N
        4299110090.00000000
        0.00000000
        
          
            
              Committed
              850000000.00000000
              
                
                
                
                
                
                
                
                
                
                
                
                
                
              
              
                
                
              
              N
            
          
        
        N
        N
        N
      
    
    
      false
      false
      true
      false
      false
      false
    
    
  



Report of Independent Registered Public Accounting Firm

To the Board of Directors and Shareholders of T. Rowe Price Floating Rate Fund, Inc.

In planning and performing our audit of the financial statements of T. Rowe Price Floating Rate Fund, Inc. (the "Fund") 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 do not express an opinion on the effectiveness of the Fund's internal control over financial reporting.

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 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 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 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 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 Directors of T. Rowe Price Floating Rate Fund, Inc. 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

Baltimore, Maryland

July 20, 2022

 

PricewaterhouseCoopers LLP, 100 East Pratt Street, Suite 2600, Baltimore, Maryland 21202-1096 T: 410 783 7600, www.pwc.com/us

 




Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

SEC Filings