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 811-6398

Fidelity New York Municipal Trust II
(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:

January 31

 

 

Date of reporting period:

October 31, 2012

Item 1. Schedule of Investments

Quarterly Holdings Report

for

Fidelity ® New York Municipal
Money Market Fund

October 31, 2012

1.809088.109
NFS-QTLY-1212

Investments October 31, 2012 (Unaudited)

Showing Percentage of Net Assets

Variable Rate Demand Note - 63.5%

Principal Amount

Value

Alabama - 0.1%

Decatur Indl. Dev. Board Exempt Facilities Rev. (Nucor Steel Decatur LLC Proj.) Series 2003 A, 0.55% 11/7/12, VRDN (c)(f)

$ 3,200,000

$ 3,200,000

California - 0.0%

Los Angeles Cmnty. College District Participating VRDN Series MS 3096, 0.24% 11/7/12 (Liquidity Facility Deutsche Bank AG) (c)(g)

1,350,000

1,350,000

Florida - 0.1%

Miami-Dade County Indl. Dev. Auth. Rev. (Tarmac America Proj.) Series 2004, 0.26% 11/7/12, LOC Bank of America NA, VRDN (c)(f)

1,500,000

1,500,000

Tamarac Indl. Dev. Rev. (Fazio Hldgs. LP Proj.) Series 2000, 0.41% 11/7/12, LOC Wells Fargo Bank NA, VRDN (c)(f)

1,500,000

1,500,000

 

3,000,000

Georgia - 0.1%

Kennesaw Dev. Auth. Multi-family Hsg. Rev. (Alta Ridenour Apts. Proj.) Series 2008, 0.23% 11/7/12, LOC Freddie Mac, VRDN (c)(f)

7,350,000

7,350,000

Indiana - 0.0%

Indiana Hsg. & Cmnty. Dev. Auth. Single Family Mtg. Rev. Participating VRDN Series Merlots 07 C52, 0.27% 11/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(f)(g)

2,590,000

2,590,000

Louisiana - 0.1%

Louisiana Pub. Facilities Auth. Rev. (Air Products & Chemicals, Inc. Proj.) Series 2002, 0.25% 11/7/12, VRDN (c)(f)

4,700,000

4,700,000

Saint James Parish Gen. Oblig. (Nucor Steel Louisiana LLC Proj.) Series 2010 B1, 0.5% 11/7/12, VRDN (c)

2,200,000

2,200,000

 

6,900,000

Maryland - 0.1%

Maryland Health & Higher Edl. Facilities Auth. Rev. Participating VRDN Series Putters 4242, 0.25% 11/7/12 (Liquidity Facility Deutsche Bank AG New York Branch) (c)(g)

3,870,000

3,870,000

Minnesota - 0.2%

Minneapolis & Saint Paul Metropolitan Arpts. Commission Arpt. Rev. Participating VRDN Series MT 775, 0.24% 11/7/12 (Liquidity Facility Bank of America NA) (c)(g)

8,900,000

8,900,000

Nebraska - 0.1%

Stanton County Indl. Dev. Rev. (Nucor Corp. Proj.) Series 1996, 0.55% 11/7/12, VRDN (c)(f)

3,200,000

3,200,000

New Jersey - 0.1%

Salem County Poll. Cont. Fin. Auth. Rev. (Pub. Svc. Elec. and Gas Co. Proj.) Series 2012 A, 0.47% 11/7/12, VRDN (c)(f)

3,100,000

3,100,000

Variable Rate Demand Note - continued

Principal Amount

Value

New York - 54.9%

Chemung County Indl. Dev. Agcy. Indl. Dev. Rev. (Med. Mgmt. & Rehabilitation Svc. 2nd Prog. Trayer, Inc. Proj.) Series A, 0.4% 11/7/12, LOC HSBC Bank USA, NA, VRDN (c)(f)

$ 1,030,000

$ 1,030,000

East Rochester Hsg. Auth. Rev. (Daniel's Creek at Baytowne Proj.) Series 2001, 0.3% 11/7/12, LOC HSBC Bank USA, NA, VRDN (c)(f)

8,260,000

8,260,000

Eclipse Fdg. Trust Cus. Rpt. Various States Participating VRDN Series SOLAR 12 10, 0.21% 11/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g)

16,525,000

16,525,000

Liberty Dev. Corp. Rev. (377 Greenwich LLC Proj.) Series 2004, 0.22% 11/7/12, LOC Wells Fargo Bank NA, VRDN (c)

11,175,000

11,175,000

Long Island Pwr. Auth. Elec. Sys. Rev. Series 1A, 0.31% 11/7/12, LOC Bayerische Landesbank Girozentrale, VRDN (c)

36,000,000

36,000,000

Nassau County Indl. Dev. Agcy. (Amsterdam at Harborside Proj.) Series 2007 C, 0.25% 11/7/12, LOC Bank of America NA, VRDN (c)

25,500,000

25,500,000

New York City Gen. Oblig.:

Participating VRDN:

Series BA 08 1052, 0.24% 11/7/12 (Liquidity Facility Bank of America NA) (c)(g)

4,425,000

4,425,000

Series Putters 2949, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

14,170,000

14,170,000

Series Putters 2951, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

3,065,000

3,065,000

Series Putters 3118, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

5,180,000

5,180,000

Series Putters 3217, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

16,905,000

16,905,000

Series Putters 4144 Z, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

5,665,000

5,665,000

Series Putters 4237, 0.25% 11/7/12 (Liquidity Facility Deutsche Bank AG) (c)(g)

3,565,000

3,565,000

Series Solar 07 91, 0.21% 11/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g)

10,025,000

10,025,000

Series 1995 B8, 0.25% 11/7/12, LOC Bayerische Landesbank Girozentrale, VRDN (c)

31,300,000

31,300,000

Series 1995 F5, 0.25% 11/7/12, LOC Bayerische Landesbank Girozentrale, VRDN (c)

25,500,000

25,500,000

Series 2004 A2, 0.24% 11/7/12, LOC Bank of America NA, VRDN (c)

47,400,000

47,400,000

Series 2004 A3, 0.21% 11/7/12, LOC Morgan Stanley Bank, West Valley City Utah, VRDN (c)

7,900,000

7,900,000

Variable Rate Demand Note - continued

Principal Amount

Value

New York - continued

New York City Gen. Oblig.: - continued

Series 2004 H6, 0.23% 11/7/12, LOC Bank of America NA, VRDN (c)

$ 32,325,000

$ 32,325,000

Series 2006 I7, 0.26% 11/7/12, LOC Bank of America NA, VRDN (c)

42,800,000

42,800,000

Series 2006 I3, 0.22% 11/1/12, LOC Bank of America NA, VRDN (c)

10,300,000

10,300,000

Series 2006 I6, 0.24% 11/1/12, LOC California Teachers Retirement Sys., VRDN (c)

23,425,000

23,425,000

Series 2008 J7, 0.6% 11/7/12, LOC Landesbank Baden-Wuert, VRDN (c)

18,605,000

18,605,000

New York City Health & Hosp. Corp. Rev.:

Series 2008 D, 0.24% 11/7/12, LOC JPMorgan Chase Bank, VRDN (c)

21,665,000

21,665,000

Series 2008 E, 0.22% 11/7/12, LOC JPMorgan Chase Bank, VRDN (c)

19,000,000

19,000,000

New York City Hsg. Dev. Corp. Multi-family Hsg. Mtg. Rev. (The Crest Proj.) Series 2005 A, 0.23% 11/7/12, LOC Landesbank Hessen-Thuringen, VRDN (c)

10,100,000

10,100,000

New York City Hsg. Dev. Corp. Multi-family Mtg. Rev.:

(15 East Clark Place Apts. Proj.) Series A, 0.21% 11/7/12, LOC JPMorgan Chase Bank, VRDN (c)(f)

5,430,000

5,430,000

(Aldus Street Apts. Proj.) Series A, 0.22% 11/7/12, LOC Fannie Mae, VRDN (c)(f)

6,035,000

6,035,000

(Beacon Mews Dev. Proj.) Series 2006 A, 0.21% 11/7/12, LOC Citibank NA, VRDN (c)(f)

15,500,000

15,500,000

(Beekman Tower Proj.) Series 2008 A, 0.22% 11/7/12, LOC RBS Citizens NA, VRDN (c)

73,200,000

73,200,000

(Bruckner by the Bridge Proj.) Series 2008 A, 0.25% 11/7/12, LOC Bank of America NA, VRDN (c)

7,225,000

7,225,000

(Cook Street Apts. Proj.) Series A, 0.23% 11/7/12, LOC JPMorgan Chase Bank, VRDN (c)(f)

4,680,000

4,680,000

(Elliott Chelsea Dev. Proj.) Series 2010 A, 0.23% 11/7/12, LOC Citibank NA, VRDN (c)

8,220,000

8,220,000

(First Avenue Dev. Proj.) Series 2002 A, 0.22% 11/7/12, LOC Fannie Mae, VRDN (c)(f)

19,795,000

19,795,000

(Grace Towers Dev. Proj.) Series 2005 A, 0.23% 11/7/12, LOC Citibank NA, VRDN (c)(f)

10,500,000

10,500,000

(Peter Cintron Apts. Proj.) Series C, 0.22% 11/7/12, LOC Fannie Mae, VRDN (c)(f)

3,700,000

3,700,000

(Related-Upper East Proj.) Series A, 0.3% 11/7/12, LOC Landesbank Baden-Wuert, VRDN (c)(f)

16,800,000

16,800,000

(Spring Creek Hsg. Proj.) Series 2006 A, 0.22% 11/7/12, LOC Freddie Mac, VRDN (c)(f)

21,000,000

21,000,000

Variable Rate Demand Note - continued

Principal Amount

Value

New York - continued

New York City Hsg. Dev. Corp. Multi-family Mtg. Rev.: - continued

(Thessalonica Court Apts. Proj.) Series A, 0.23% 11/7/12, LOC Citibank NA, VRDN (c)(f)

$ 4,800,000

$ 4,800,000

(Urban Horizons II Dev. Proj.) Series 2005 A, 0.23% 11/7/12, LOC Citibank NA, VRDN (c)(f)

5,765,000

5,765,000

(West 48th Street Dev. Proj.) Series 2001 A, 0.23% 11/7/12, LOC Fannie Mae, VRDN (c)(f)

18,000,000

18,000,000

Series 2005 A, 0.23% 11/7/12, LOC Citibank NA, VRDN (c)(f)

4,850,000

4,850,000

New York City Hsg. Dev. Corp. Multi-family Rental Hsg. Rev.:

(255 West 9th Street Proj.) Series 2001 A, 0.22% 11/7/12, LOC Fannie Mae, VRDN (c)(f)

3,500,000

3,500,000

(Brittany Dev. Proj.) Series A, 0.22% 11/7/12, LOC Fannie Mae, VRDN (c)(f)

27,500,000

27,500,000

(Morris Avenue Apts. Proj.) Series A, 0.22% 11/7/12, LOC Fannie Mae, VRDN (c)(f)

23,600,000

23,600,000

(Two Gold Street Proj.) Series 2006 A, 0.2% 11/7/12, LOC Fannie Mae, VRDN (c)

39,200,000

39,200,000

(West 43rd Street Proj.) Series 1999 A, 0.22% 11/7/12, LOC Fannie Mae, VRDN (c)(f)

19,400,000

19,400,000

(West 61st Street Apts. Proj.) Series 2007 A, 0.2% 11/7/12, LOC Fannie Mae, VRDN (c)(f)

1,500,000

1,500,000

Series 2002 A, 0.23% 11/7/12, LOC Fannie Mae, VRDN (c)(f)

12,200,000

12,200,000

Series 2009 A, 0.26% 11/7/12, LOC Bank of America NA, VRDN (c)

5,400,000

5,400,000

New York City Hsg. Dev. Corp. Residential Rev.:

(Montefiore Med. Ctr. Proj.) Series 1993 A, 0.21% 11/7/12, LOC JPMorgan Chase Bank, VRDN (c)

2,000,000

2,000,000

(Queens College Residences Proj.) Series 2009 A, 0.22% 11/7/12, LOC RBS Citizens NA, VRDN (c)

14,370,000

14,370,000

New York City Indl. Dev. Agcy. Civic Facility Rev. (Planned Parenthood Proj.) 0.27% 11/7/12, LOC Bank of America NA, VRDN (c)

5,380,000

5,380,000

New York City Indl. Dev. Agcy. Indl. Dev. Rev. (Tiago Hldgs., LLC Proj.) Series 2007, 0.24% 11/7/12, LOC Lloyds TSB Bank PLC, VRDN (c)(f)

40,000,000

40,000,000

New York City Indl. Dev. Agcy. Spl. Facilities Rev. (Korean Airlines Proj.):

Series 1997 A, 0.22% 11/7/12, LOC HSBC Bank USA, NA, VRDN (c)(f)

40,200,000

40,200,000

Series 1997 B, 0.22% 11/7/12, LOC HSBC Bank USA, NA, VRDN (c)(f)

13,400,000

13,400,000

Variable Rate Demand Note - continued

Principal Amount

Value

New York - continued

New York City Indl. Dev. Agcy. Spl. Facilities Rev. (Korean Airlines Proj.): - continued

Series 1997 C, 0.22% 11/7/12, LOC HSBC Bank USA, NA, VRDN (c)(f)

$ 5,000,000

$ 5,000,000

New York City Muni. Wtr. Fin. Auth. Wtr. & Swr. Sys. Rev.:

Participating VRDN:

Series BA 08 1192, 0.27% 11/7/12 (Liquidity Facility Bank of America NA) (c)(g)

2,988,000

2,988,000

Series BA 08 1206, 0.24% 11/7/12 (Liquidity Facility Deutsche Bank AG New York Branch) (c)(g)

11,000,000

11,000,000

Series EGL 06 74 Class A, 0.22% 11/7/12 (Liquidity Facility Citibank NA) (c)(g)

13,000,000

13,000,000

Series EGL 7050083 Class A, 0.21% 11/7/12 (Liquidity Facility Citibank NA) (c)(g)

28,015,000

28,015,000

Series Floaters 3129, 0.21% 11/7/12 (Liquidity Facility Cr. Suisse New York Branch) (c)(g)

12,220,000

12,220,000

Series MS 3274 X, 0.21% 11/7/12 (Liquidity Facility Cr. Suisse New York Branch) (c)(g)

8,665,000

8,665,000

Series MT 739, 0.24% 11/7/12 (Liquidity Facility Bank of America NA) (c)(g)

17,020,000

17,020,000

Series MT 740, 0.27% 11/7/12 (Liquidity Facility Bank of America NA) (c)(g)

2,180,000

2,180,000

Series Putters 1289, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

1,580,000

1,580,000

Series Putters 2559, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

5,335,000

5,335,000

Series Putters 3223, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

1,500,000

1,500,000

Series Putters 3384, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

1,875,000

1,875,000

Series Putters 3496Z, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

7,970,000

7,970,000

Series Putters 3497Z, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

13,025,000

13,025,000

Series Putters 4103, 0.25% 11/1/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

5,180,000

5,180,000

Series Putters 806, 0.24% 11/7/12 (Liquidity Facility Bank of America NA) (c)(g)

16,630,000

16,630,000

Series ROC II R 11635, 0.21% 11/7/12 (Liquidity Facility Citibank NA) (c)(g)

10,000,000

10,000,000

Series ROC II R 11931, 0.21% 11/7/12 (Liquidity Facility Citibank NA) (c)(g)

6,815,000

6,815,000

Series ROC II R 11966, 0.21% 11/7/12 (Liquidity Facility Citibank NA) (c)(g)

10,000,000

10,000,000

Variable Rate Demand Note - continued

Principal Amount

Value

New York - continued

New York City Muni. Wtr. Fin. Auth. Wtr. & Swr. Sys. Rev.: - continued

Participating VRDN:

Series WF 12 54C, 0.22% 11/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(g)

$ 7,215,000

$ 7,215,000

Series 2009 BB1, 0.21% 11/1/12 (Liquidity Facility Landesbank Hessen-Thuringen), VRDN (c)

8,730,000

8,730,000

New York City Transitional Fin. Auth. Rev.:

Participating VRDN:

Series 2012 B, 0.21% 11/7/12 (Liquidity Facility Barclays Bank PLC) (c)(g)

10,800,000

10,800,000

Series BA 08 3505, 0.27% 11/7/12 (Liquidity Facility Bank of America NA) (c)(g)

4,035,000

4,035,000

Series BC 11 8B, 0.21% 11/7/12 (Liquidity Facility Barclays Bank PLC) (c)(g)

9,300,000

9,300,000

Series Putters 3544, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

10,655,000

10,655,000

Series Putters 3545, 0.23% 11/1/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

5,860,000

5,860,000

Series ROC II R 11903, 0.21% 11/7/12 (Liquidity Facility Citibank NA) (c)(g)

5,440,000

5,440,000

Series ROC II R 11971, 0.21% 11/7/12 (Liquidity Facility Citibank NA) (c)(g)

7,065,000

7,065,000

Series ROC II R 11994, 0.21% 11/7/12 (Liquidity Facility Citibank NA) (c)(g)

3,780,000

3,780,000

Series WF 11-21C, 0.22% 11/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(g)

2,000,000

2,000,000

Series WF 11 133C, 0.22% 11/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(g)

9,235,000

9,235,000

Series 2001 B, 0.25% 11/1/12 (Liquidity Facility Landesbank Baden-Wuert), VRDN (c)

13,700,000

13,700,000

Series 2003 1A, 0.23% 11/7/12 (Liquidity Facility Landesbank Hessen-Thuringen), VRDN (c)

3,680,000

3,680,000

Series 2003 A2, 0.21% 11/2/12 (Liquidity Facility Bank of Tokyo-Mitsubishi UFJ Ltd.), VRDN (c)

117,000,000

117,000,000

Series 2003 C1, 0.25% 11/1/12 (Liquidity Facility JPMorgan Chase Bank), VRDN (c)

1,000,000

1,000,000

Series 2013 A6, 0.23% 11/1/12 (Liquidity Facility California Teachers Retirement Sys.), VRDN (c)

28,210,000

28,210,000

Subseries F5, 0.21% 11/7/12, LOC Sumitomo Mitsui Banking Corp., VRDN (c)

1,000,000

1,000,000

New York City Trust Cultural Resources Rev.:

(Alvin Ailey Dance Foundation, Inc. Proj.) Series 2003, 0.24% 11/7/12, LOC Citibank NA, VRDN (c)

3,000,000

3,000,000

Variable Rate Demand Note - continued

Principal Amount

Value

New York - continued

New York City Trust Cultural Resources Rev.: - continued

(Lincoln Ctr. for the Performing Arts, Inc. Proj.) Series 2008 A1, 0.26% 11/1/12, LOC JPMorgan Chase Bank, VRDN (c)

$ 5,135,000

$ 5,135,000

Participating VRDN:

Series Putters 3680, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

5,000,000

5,000,000

Series ROC II R 11927, 0.22% 11/7/12 (Liquidity Facility Citibank NA) (c)(g)

6,000,000

6,000,000

New York Dorm. Auth. Mental Health Svcs. Facilities Impt. Rev. Participating VRDN Series RBC O 47, 0.21% 11/7/12 (Liquidity Facility Royal Bank of Canada New York Branch) (c)(g)

7,500,000

7,500,000

New York Dorm. Auth. Personal Income Tax Rev. Participating VRDN:

Series 3792Z, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

6,365,000

6,365,000

Series MS 3275, 0.27% 11/7/12 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (c)(g)

10,000,000

10,000,000

Series Putters 3239, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

5,075,000

5,075,000

Series Putters 3281Z, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

7,015,000

7,015,000

Series Putters 3518, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

11,240,000

11,240,000

Series Putters 3698 Z, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

5,465,000

5,465,000

Series Putters 3875, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

7,000,000

7,000,000

Series ROC II R 11984, 0.21% 11/7/12 (Liquidity Facility Citibank NA) (c)(g)

5,000,000

5,000,000

Series WF 11 88C, 0.22% 11/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(g)

8,970,000

8,970,000

New York Dorm. Auth. Revs.:

(Catholic Heath Sys. Obligated Group Proj.) Series 2008, 0.21% 11/7/12, LOC HSBC Bank USA, NA, VRDN (c)

2,310,000

2,310,000

(City Univ. Proj.) Series 2008 C, 0.22% 11/7/12, LOC Bank of America NA, VRDN (c)

81,450,000

81,450,000

(College of New Rochelle Proj.) Series 2008, 0.3% 11/7/12, LOC RBS Citizens NA, VRDN (c)

18,300,000

18,300,000

(Fordham Univ. Proj.) Series 2008 A2, 0.22% 11/7/12, LOC Bank of America NA, VRDN (c)

2,350,000

2,350,000

(The Culinary Institute of America Proj.) Series 2004 C, 0.23% 11/7/12, LOC TD Banknorth, NA, VRDN (c)

9,825,000

9,825,000

Variable Rate Demand Note - continued

Principal Amount

Value

New York - continued

New York Dorm. Auth. Revs.: - continued

(Univ. of Rochester Proj.) Series 2003 C, 0.22% 11/7/12, LOC JPMorgan Chase Bank, VRDN (c)

$ 9,700,000

$ 9,700,000

Participating VRDN:

ROC II R 11944, 0.21% 11/7/12 (Liquidity Facility Citibank NA) (c)(g)

6,000,000

6,000,000

Series EGL 06 47 Class A, 0.22% 11/7/12 (Liquidity Facility Citibank NA) (c)(g)

14,900,000

14,900,000

Series EGL 07 0066, 0.21% 11/7/12 (Liquidity Facility Citibank NA) (c)(g)

4,000,000

4,000,000

Series EGL 07 96, 0.21% 11/7/12 (Liquidity Facility Citibank NA) (c)(g)

5,485,000

5,485,000

Series MT 791, 0.24% 11/7/12 (Liquidity Facility Bank of America NA) (c)(g)

9,125,000

9,125,000

Series Putters 3382, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

4,995,000

4,995,000

Series Putters 3383, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

14,995,000

14,995,000

Series Putters 3803, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

6,000,000

6,000,000

Series ROC II R 11535, 0.21% 11/7/12 (Liquidity Facility Citibank NA) (c)(g)

2,770,000

2,770,000

Series ROC II R 11722, 0.21% 11/7/12 (Liquidity Facility Citibank NA) (c)(g)

7,370,000

7,370,000

Series ROC II R 11975, 0.21% 11/7/12 (Liquidity Facility Citibank NA) (c)(g)

5,290,000

5,290,000

Series ROCS II R 11955, 0.21% 11/7/12 (Liquidity Facility Citibank NA) (c)(g)

9,000,000

9,000,000

Series WF 11 116C, 0.22% 11/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(g)

3,965,000

3,965,000

Series 2012, 0.21% 11/7/12, LOC HSBC Bank USA, NA, VRDN (c)

2,800,000

2,800,000

New York Envir. Facilities Corp. Clean Wtr. & Drinking Wtr. Participating VRDN:

Series Putters 3376, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

4,450,000

4,450,000

Series ROC II R 11945, 0.21% 11/7/12 (Liquidity Facility Citibank NA) (c)(g)

5,490,000

5,490,000

New York Hsg. Fin. Agcy. Rev.:

(125 West 31st Street Proj.) Series 2005 A, 0.2% 11/7/12, LOC Fannie Mae, VRDN (c)(f)

7,000,000

7,000,000

(1500 Lexington Avenue Proj.) Series A, 0.19% 11/7/12, LOC Fannie Mae, VRDN (c)(f)

4,400,000

4,400,000

Variable Rate Demand Note - continued

Principal Amount

Value

New York - continued

New York Hsg. Fin. Agcy. Rev.: - continued

(240 East 39th Street Hsg. Proj.) Series 1997 A, 0.22% 11/7/12, LOC Fannie Mae, VRDN (c)(f)

$ 29,100,000

$ 29,100,000

(29 Flatbush Ave. Hsg. Proj.) Series 2010 A, 0.26% 11/7/12, LOC Bank of America NA, VRDN (c)

47,900,000

47,900,000

(330 Riverdale Avenue Apts. Proj.) Series 2008 A, 0.25% 11/7/12, LOC Bank of America NA, VRDN (c)

9,200,000

9,200,000

(330 West 39th Street Hsg. Proj.) Series 2010 A, 0.3% 11/7/12, LOC Bank of America NA, VRDN (c)

14,000,000

14,000,000

(350 West 43rd Street Hsg. Proj.):

Series 2001 A, 0.27% 11/1/12, LOC Landesbank Hessen-Thuringen, VRDN (c)(f)

6,000,000

6,000,000

Series 2002 A, 0.27% 11/1/12, LOC Landesbank Hessen-Thuringen, VRDN (c)(f)

9,380,000

9,380,000

(42nd and 10th Hsg. Proj.) Series 2010 A, 0.43% 11/7/12, LOC Landesbank Baden-Wuert, VRDN (c)

10,000,000

10,000,000

(42nd and 10th Hsg. Proj.) Series 2008 A, 0.43% 11/7/12, LOC Landesbank Baden-Wuert, VRDN (c)

20,300,000

20,300,000

(505 West 37th Street Proj.) Series 2009 A, 0.3% 11/7/12, LOC Landesbank Hessen-Thuringen, VRDN (c)

16,900,000

16,900,000

(70 Battery Place Hsg. Proj.) Series 1999 A, 0.23% 11/7/12, LOC Fannie Mae, VRDN (c)(f)

10,000,000

10,000,000

(750 Sixth Avenue Hsg. Proj.) Series 1998 A, 0.2% 11/7/12, LOC Fannie Mae, VRDN (c)(f)

5,000,000

5,000,000

(900 Eighth Avenue Hsg. Proj.) Series 2002 A, 0.22% 11/7/12, LOC Fannie Mae, VRDN (c)(f)

30,500,000

30,500,000

(Avalon Chrystie Place I Hsg. Proj.) Series 2004 A, 0.22% 11/7/12, LOC Freddie Mac, VRDN (c)(f)

58,500,000

58,500,000

(Clinton Green South Hsg. Proj.) Series 2005 A, 0.2% 11/7/12, LOC Freddie Mac, VRDN (c)(f)

12,000,000

12,000,000

(Clinton Park Phase II Hsg. Proj.) Series 2011 A2, 0.23% 11/7/12, LOC Wells Fargo Bank NA, VRDN (c)

5,100,000

5,100,000

(Grace Towers Hsg. Proj.) Series 2004 A, 0.22% 11/7/12, LOC Freddie Mac, VRDN (c)(f)

8,650,000

8,650,000

(Helena Hsg. Proj.) Series 2003 A, 0.22% 11/7/12, LOC Fannie Mae, VRDN (c)(f)

33,000,000

33,000,000

(Kew Garden Hills Apts. Hsg. Proj.) Series 2003 A, 0.22% 11/7/12, LOC Fannie Mae, VRDN (c)(f)

21,800,000

21,800,000

(Normandie Court II Hsg. Proj.) Series 1999 A, 0.22% 11/7/12, LOC Freddie Mac, VRDN (c)(f)

3,500,000

3,500,000

(Related-42nd & 10th Street Proj.) Series 2007 A, 0.43% 11/7/12, LOC Landesbank Baden-Wuert, VRDN (c)(f)

55,000,000

55,000,000

(Saville Hsg. Proj.) Series 2002 A, 0.22% 11/7/12, LOC Freddie Mac, VRDN (c)(f)

10,000,000

10,000,000

Variable Rate Demand Note - continued

Principal Amount

Value

New York - continued

New York Hsg. Fin. Agcy. Rev.: - continued

(Sea Park East Hsg. Proj.) Series 2004 A, 0.26% 11/7/12, LOC Freddie Mac, VRDN (c)(f)

$ 14,500,000

$ 14,500,000

(Sea Park West Hsg. Proj.) Series 2004 A, 0.26% 11/7/12, LOC Freddie Mac, VRDN (c)(f)

3,700,000

3,700,000

(South Cove Plaza Proj.) Series A, 0.19% 11/7/12, LOC Freddie Mac, VRDN (c)(f)

32,000,000

32,000,000

(Talleyrand Crescent Hsg. Proj.) Series A, 0.22% 11/7/12, LOC Fannie Mae, VRDN (c)(f)

3,820,000

3,820,000

(Union Square South Proj.) Series 1996 A, 0.22% 11/7/12, LOC Fannie Mae, VRDN (c)(f)

41,550,000

41,550,000

(West 33rd Street Hsg. Proj.) Series 2003 A, 0.22% 11/7/12, LOC Fannie Mae, VRDN (c)(f)

4,400,000

4,400,000

Series 2002 A, 0.2% 11/7/12, LOC Freddie Mac, VRDN (c)(f)

3,500,000

3,500,000

Series 2007 A, 0.22% 11/7/12, LOC Fannie Mae, VRDN (c)(f)

112,335,000

112,335,000

Series 2008 A:

0.23% 11/7/12, LOC Wells Fargo Bank NA, VRDN (c)(f)

5,090,000

5,090,000

0.25% 11/7/12, LOC Freddie Mac, VRDN (c)(f)

18,900,000

18,900,000

Series 2009 A, 0.21% 11/7/12, LOC Freddie Mac, VRDN (c)

20,500,000

20,500,000

Series 2009 B, 0.21% 11/7/12, LOC Freddie Mac, VRDN (c)

19,000,000

19,000,000

Series 2012 A, 0.22% 11/7/12, LOC Manufacturers & Traders Trust Co., VRDN (c)

10,000,000

10,000,000

New York Hsg. Fin. Svc. Contract Rev. Series 2003 L, 0.22% 11/7/12, LOC Bank of America NA, VRDN (c)

20,000,000

20,000,000

New York Local Govt. Assistance Corp. Series 2008 BAV, 0.2% 11/7/12 (Liquidity Facility JPMorgan Chase Bank), VRDN (c)

8,000,000

8,000,000

New York Metropolitan Trans. Auth. Dedicated Tax Fund Rev.:

Participating VRDN:

Series BC 11 114B, 0.21% 11/7/12 (Liquidity Facility Barclays Bank PLC) (c)(g)

15,625,000

15,625,000

Series ROCS II R 12299, 0.21% 11/7/12 (Liquidity Facility Citibank NA) (c)(g)

22,770,000

22,770,000

Series 2008 A2, 0.2% 11/7/12, LOC Bank of Tokyo-Mitsubishi UFJ Ltd., VRDN (c)

100,000

100,000

New York Metropolitan Trans. Auth. Rev. Series 2005 D2, 0.25% 11/1/12, LOC Landesbank Hessen-Thuringen, VRDN (c)

6,900,000

6,900,000

Variable Rate Demand Note - continued

Principal Amount

Value

New York - continued

New York State Energy Research & Dev. Auth. Facilities Rev. (Consolidated Edison Co. of New York, Inc. Proj.):

Series 2004 C1, 0.22% 11/7/12, LOC Mizuho Corporate Bank Ltd., VRDN (c)(f)

$ 11,200,000

$ 11,200,000

Series 2004 C3, 0.2% 11/7/12, LOC Mizuho Corporate Bank Ltd., VRDN (c)(f)

6,000,000

6,000,000

New York State Gen. Oblig. Participating VRDN:

Series ROC II R 11936, 0.21% 11/7/12 (Liquidity Facility Citibank NA) (c)(g)

16,800,000

16,800,000

Series WF 11 39C, 0.22% 11/7/12 (Liquidity Facility Wells Fargo Bank NA) (c)(g)

4,000,000

4,000,000

New York Thruway Auth. Gen. Rev. Participating VRDN Series Solar 06 17, 0.21% 11/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (c)(g)

15,000,000

15,000,000

New York Thruway Auth. Hwy. & Bridge Trust Fund Participating VRDN Series BC 11 100W, 0.21% 11/7/12 (Liquidity Facility Barclays Bank PLC) (c)(g)

18,510,000

18,510,000

New York Thruway Auth. Personal Income Tax Rev. Participating VRDN Series MT 698, 0.24% 11/7/12 (Liquidity Facility Bank of America NA) (c)(g)

18,705,000

18,705,000

New York Thruway Auth. Second Gen. Hwy. & Bridge Trust Fund Participating VRDN Series ROC II R 11997, 0.22% 11/7/12 (Liquidity Facility Citibank NA) (c)(g)

5,280,000

5,280,000

New York Urban Dev. Corp. Rev. Participating VRDN Series Putters 2750, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

12,170,000

12,170,000

Riverhead Indl. Dev. Auth. Indl. Dev. Rev. (Adchem Corp. Facility Proj.) Series 1998, 0.67% 11/7/12, LOC Citibank NA, VRDN (c)(f)

880,000

880,000

Suffolk County Wtr. Auth. Wtrwks. Rev. Participating VRDN:

Series Putters 3357, 0.23% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

2,000,000

2,000,000

Series Putters 4725, 0.24% 11/7/12 (Liquidity Facility Bank of America NA) (c)(g)

2,550,000

2,550,000

Triborough Bridge & Tunnel Auth. Revs.:

Participating VRDN:

Series BC 12 10W, 0.21% 11/7/12 (Liquidity Facility Barclays Bank PLC) (a)(c)(g)

5,000,000

5,000,000

Series MS 3213, 0.27% 11/7/12 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (c)(g)

9,540,000

9,540,000

Series Putters 3330, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

36,730,000

36,730,000

Series Putters 3685, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

2,000,000

2,000,000

Variable Rate Demand Note - continued

Principal Amount

Value

New York - continued

Triborough Bridge & Tunnel Auth. Revs.: - continued

Participating VRDN:

Series Putters 4253, 0.23% 11/1/12 (Liquidity Facility JPMorgan Chase & Co.) (c)(g)

$ 12,000,000

$ 12,000,000

Series ROC II R11934, 0.22% 11/7/12 (Liquidity Facility Citibank NA) (c)(g)

9,450,000

9,450,000

Series 2002 F, 0.2% 11/7/12 (Liquidity Facility Royal Bank of Scotland NV), VRDN (c)

24,800,000

24,800,000

Series 2005 B3, 0.24% 11/7/12 (Liquidity Facility Bank of America NA), VRDN (c)

73,400,000

73,400,000

 

2,752,933,000

New York & New Jersey - 6.8%

Port Auth. of New York & New Jersey:

Participating VRDN:

Series Austin 07 1017, 0.31% 11/7/12 (Liquidity Facility Bank of America NA) (c)(f)(g)

21,000,000

21,000,000

Series BA 07 1043, 0.24% 11/7/12 (Liquidity Facility Bank of America NA) (c)(g)

7,100,000

7,100,000

Series BA 08 1055, 0.31% 11/7/12 (Liquidity Facility Bank of America NA) (c)(f)(g)

15,580,000

15,580,000

Series BA 08 1066, 0.34% 11/7/12 (Liquidity Facility Bank of America NA) (c)(f)(g)

5,230,000

5,230,000

Series BA 08 1067, 0.31% 11/7/12 (Liquidity Facility Bank of America NA) (c)(f)(g)

16,840,000

16,840,000

Series BA 08 1107, 0.31% 11/7/12 (Liquidity Facility Bank of America NA) (c)(f)(g)

8,085,000

8,085,000

Series EGL 06 107 Class A, 0.26% 11/7/12 (Liquidity Facility Citibank NA) (c)(f)(g)

87,600,000

87,600,000

Series GS 08 31TP, 0.23% 11/7/12 (Liquidity Facility Wells Fargo & Co.) (c)(f)(g)

20,395,000

20,395,000

Series MS 3249, 0.27% 11/7/12 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (c)(g)

4,000,000

4,000,000

Series Putters 1546, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

12,430,000

12,430,000

Series Putters 2945, 0.27% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(f)(g)

1,665,000

1,665,000

Series Putters 3090, 0.27% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(f)(g)

8,885,000

8,885,000

Series Putters 3114, 0.27% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(f)(g)

15,790,000

15,790,000

Series Putters 3115, 0.27% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(f)(g)

6,660,000

6,660,000

Variable Rate Demand Note - continued

Principal Amount

Value

New York & New Jersey - continued

Port Auth. of New York & New Jersey: - continued

Participating VRDN:

Series Putters 3523, 0.29% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(f)(g)

$ 7,365,000

$ 7,365,000

Series Putters 3862, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(g)

5,500,000

5,500,000

Series Putters 3991 Z, 0.27% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(f)(g)

5,415,000

5,415,000

Series Putters 3994, 0.27% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(f)(g)

6,500,000

6,500,000

Series Putters 4001 Z, 0.27% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (c)(f)(g)

985,000

985,000

Series Putters 4217, 0.23% 11/1/12 (Liquidity Facility JPMorgan Chase Bank) (c)(f)(g)

18,910,000

18,910,000

Series Putters 807, 0.31% 11/7/12 (Liquidity Facility Bank of America NA) (c)(f)(g)

3,795,000

3,795,000

Series RBC O 18, 0.23% 11/7/12 (Liquidity Facility Royal Bank of Canada) (c)(f)(g)

5,590,000

5,590,000

Series RBC O 19, 0.23% 11/7/12 (Liquidity Facility Royal Bank of Canada) (c)(f)(g)

7,700,000

7,700,000

Series ROC II R 11715, 0.27% 11/7/12 (Liquidity Facility Citibank NA) (c)(f)(g)

11,250,000

11,250,000

Series ROC II R 11743, 0.26% 11/7/12 (Liquidity Facility Citibank NA) (c)(f)(g)

11,205,000

11,205,000

Series WF 08 2C, 0.27% 11/7/12 (Liquidity Facility Wells Fargo & Co.) (c)(f)(g)

8,710,000

8,710,000

Series Putters 4202, 0.23% 11/1/12 (Liquidity Facility JPMorgan Chase Bank) (c)(f)(g)

8,605,000

8,605,000

Series 1991 2, 0.29% 11/30/12, VRDN (c)(f)(h)

6,400,000

6,400,000

 

339,190,000

North Carolina - 0.4%

Parson County Indl. Facilities and Poll. Cont. Fing. Auth. (CertainTeed Gypsum NC, Inc. Proj.) Series 2010, 0.4% 11/7/12, LOC Cr. Industriel et Commercial, VRDN (c)

2,100,000

2,100,000

Sampson County Indl. Facilities & Poll. Cont. Fing. Auth. Envir. Facilities Rev. (Sampson County Disp., Inc. Proj.):

0.26% 11/7/12, LOC Bank of America NA, VRDN (c)(f)

15,000,000

15,000,000

0.26% 11/7/12, LOC Bank of America NA, VRDN (c)(f)

4,750,000

4,750,000

 

21,850,000

South Carolina - 0.0%

Oconee County Poll. Cont. Rev. (Duke Energy Corp. Proj.) Series 1999 A, 0.3% 11/1/12, VRDN (c)

1,000,000

1,000,000

Variable Rate Demand Note - continued

Principal Amount

Value

Texas - 0.4%

Calhoun Port Auth. Envir. Facilities Rev. (Formosa Plastics Corp. Texas Proj.) Series 2008, 0.25% 11/7/12, LOC Bank of America NA, VRDN (c)(f)

$ 10,000,000

$ 10,000,000

Houston Hsg. Fin. Corp. Multi-family Hsg. Rev. (Mayfair Park Apts. Proj.) Series 2004, 0.24% 11/7/12, LOC Fannie Mae, VRDN (c)(f)

3,500,000

3,500,000

North Texas Tollway Auth. Rev. Series 2011 A, 0.22% 11/7/12, LOC Morgan Stanley Bank, West Valley City Utah, VRDN (c)

1,350,000

1,350,000

Port Arthur Navigation District Indl. Dev. Corp. Exempt Facilities Rev. (Air Products Proj.) Series 2012, 0.24% 11/7/12 (Total SA Guaranteed), VRDN (c)

5,000,000

5,000,000

 

19,850,000

Virginia - 0.1%

Virginia Hsg. Dev. Auth. Commonwealth Mtg. Rev. Participating VRDN Series BA 1047, 0.31% 11/7/12 (Liquidity Facility Bank of America NA) (c)(f)(g)

5,800,000

5,800,000

TOTAL VARIABLE RATE DEMAND NOTE


3,184,083,000

Other Municipal Debt - 35.0%

 

 

 

 

Connecticut - 0.0%

Connecticut Dev. Auth. Poll. Cont. Rev. Bonds (New England Pwr. Co. Proj.) Series 1999, 0.38% tender 11/5/12, CP mode

1,000,000

1,000,000

Kentucky - 0.2%

Jefferson County Poll. Cont. Rev. Bonds (Louisville Gas & Elec. Co. Proj.) Series 2001 A, 0.34% tender 11/1/12, CP mode

2,000,000

2,000,000

Trimble County Poll. Cont. Rev. Bonds (Louisville Gas & Elec. Co. Proj.) Series 2001 B, 0.4% tender 11/2/12, CP mode (f)

7,500,000

7,500,000

 

9,500,000

Massachusetts - 0.2%

Massachusetts Indl. Fin. Agcy. Poll. Cont. Rev. Bonds (New England Pwr. Co. Proj.) Series 1993 B:

0.45% tender 11/9/12, CP mode

2,250,000

2,250,000

Other Municipal Debt - continued

Principal Amount

Value

Massachusetts - continued

Massachusetts Indl. Fin. Agcy. Poll. Cont. Rev. Bonds (New England Pwr. Co. Proj.) Series 1993 B: - continued

0.5% tender 12/7/12, CP mode

$ 4,500,000

$ 4,500,000

Massachusetts State Dev. Fing. Agcy. Poll. Cont. Rev. Bonds (Massachusetts Elec. Co. Proj.) Series 2004, 0.8% tender 11/9/12, CP mode

5,800,000

5,800,000

 

12,550,000

New Hampshire - 0.2%

New Hampshire Bus. Fin. Auth. Poll. Cont. Rev. Bonds (New England Pwr. Co. Proj.):

Series 1990 A, 0.5% tender 11/28/12, CP mode (f)

6,100,000

6,100,000

Series A1, 0.4% tender 11/2/12, CP mode (f)

5,200,000

5,200,000

 

11,300,000

New York - 31.3%

Albany Gen. Oblig. Bonds Series 2012 A, 2% 7/1/13

2,762,579

2,794,001

Amherst Gen. Oblig. BAN Series 2011 B, 1.25% 11/15/12

21,947,489

21,954,759

Bayport-Blue Point Union Free School District TAN 1.25% 6/27/13

8,500,000

8,554,834

Brewster Central School District BAN 1.5% 2/1/13

18,560,000

18,617,159

Brookhaven Gen. Oblig. BAN 0.75% 1/30/13

65,722,700

65,806,457

Cheektowaga Gen. Oblig. BAN 1% 7/18/13

12,740,000

12,803,010

Connetquot Central School District:

BAN Series 2012, 1.5% 9/4/13

6,100,000

6,161,876

TAN 1.5% 6/27/13

32,400,000

32,662,337

Deer Park Union Free School District TAN 1.5% 6/27/13

14,500,000

14,619,854

East Aurora Union Free School District BAN Series 2012, 1% 12/13/12

15,400,000

15,411,659

East Hampton Union Free School District TAN 1.25% 6/27/13

8,000,000

8,051,602

Elwood Union Free School District TAN 1.25% 6/21/13

13,500,000

13,584,963

Hampton Bays Union Free School District TAN 1.5% 6/20/13

11,700,000

11,786,413

Herricks Union Free School District:

BAN 1.5% 5/15/13

6,285,000

6,324,823

TAN 1.5% 6/21/13

7,300,000

7,357,907

Huntington Union Free School District TAN 1.25% 6/21/13

21,800,000

21,942,780

Kings Park Central School District TAN 1.25% 6/21/13

13,800,000

13,886,851

Lindenhurst Unified Free School District TAN 1.25% 6/20/13

19,400,000

19,520,000

Long Island Pwr. Auth. Elec. Sys. Rev. Series 1:

0.18% 11/9/12, LOC JPMorgan Chase Bank, CP

67,800,000

67,800,000

0.2% 12/7/12, LOC JPMorgan Chase Bank, CP

47,100,000

47,100,000

Longwood Central School District TAN 1.25% 6/27/13

25,900,000

26,063,825

Other Municipal Debt - continued

Principal Amount

Value

New York - continued

Middle Country Century School District:

BAN Series 2012, 1.5% 8/15/13

$ 1,500,000

$ 1,512,797

TAN 1.5% 6/27/13

31,100,000

31,355,186

Mount Sinai Union Free School District TAN 1.25% 6/27/13

9,000,000

9,057,289

Nassau Health Care Corp. Rev. Bonds:

Series 2009 C2, 0.21%, tender 1/7/13, LOC Wells Fargo Bank NA (c)

9,265,000

9,265,000

Series 2009 D2, 0.22%, tender 1/28/13, LOC JPMorgan Chase Bank (c)

24,275,000

24,275,000

New York Bridge Auth. Gen. Rev. Bonds Series 2011, 2% 1/1/13

2,000,000

2,005,989

New York City Gen. Oblig. Bonds:

Series 2008 C, 5% 8/1/13

2,050,000

2,122,659

Series 2009 K, 5% 8/1/13

4,000,000

4,142,674

Series 2011 B:

2.5% 8/1/13

1,800,000

1,830,481

5% 8/1/13

3,000,000

3,106,793

Series 2012 F, 2.5% 8/1/13

11,600,000

11,797,385

New York City Muni. Wtr. Fin. Auth. Wtr. & Swr. Sys. Rev.:

Bonds Series 2010 BB, 5% 6/15/13

5,375,000

5,533,536

Series 1:

0.19% 11/9/12, CP

50,000,000

50,000,000

0.19% 12/7/12, CP

12,000,000

12,000,000

0.21% 12/7/12, CP

12,000,000

12,000,000

Series 7:

0.24% 7/22/13, CP

15,800,000

15,800,000

0.24% 7/29/13, CP

23,300,000

23,300,000

Series 8:

0.24% 5/20/13, CP

26,300,000

26,300,000

0.24% 5/30/13, CP

26,300,000

26,300,000

New York City Transitional Fin. Auth. Bldg. Aid Rev. Bonds Series 1A, 3% 7/15/13

4,000,000

4,077,317

New York City Transitional Fin. Auth. Rev. Bonds:

Series 2010 D, 5% 11/1/12

4,000,000

4,000,000

Series 2011 D:

4% 2/1/13

4,305,000

4,345,747

5% 2/1/13

3,000,000

3,035,573

New York Dorm. Auth. Mental Health Svcs. Facilities Impt. Rev. Bonds Series 2012 A, 2% 7/1/13

6,980,000

7,062,028

New York Dorm. Auth. Personal Income Tax Rev. Bonds Series 2010 A, 3% 2/15/13

1,885,000

1,900,264

Other Municipal Debt - continued

Principal Amount

Value

New York - continued

New York Dorm. Auth. Revs.:

Bonds Series A, 7.5% 5/15/13

$ 5,875,000

$ 6,100,326

Series 1998:

0.18% 11/1/12, CP

20,000,000

20,000,000

0.19% 2/6/13, CP

5,750,000

5,750,000

New York Local Govt. Assistance Corp. Bonds:

Series 2007 A, 5% 4/1/13

4,400,000

4,487,099

Series 2008 C, 5% 4/1/13

3,000,000

3,059,322

Series 2010 A, 5% 4/1/13

3,000,000

3,059,421

Series 2010 B, 5% 4/1/13

2,500,000

2,549,604

New York Metropolitan Trans. Auth. Rev.:

Series 2A:

0.17% 11/5/12, LOC TD Banknorth, NA, CP

11,000,000

11,000,000

0.17% 11/6/12, LOC TD Banknorth, NA, CP

10,000,000

10,000,000

0.18% 11/7/12, LOC TD Banknorth, NA, CP

12,250,000

12,250,000

0.19% 2/6/13, LOC TD Banknorth, NA, CP

12,200,000

12,200,000

Series 2B:

0.19% 12/14/12, LOC Barclays Bank PLC, CP

50,000,000

50,000,000

0.19% 12/14/12, LOC Barclays Bank PLC, CP

42,600,000

42,600,000

Series 2C, 0.18% 12/5/12, LOC Royal Bank of Canada, CP

50,400,000

50,400,000

Series 2D:

0.2% 11/14/12, LOC Citibank NA, CP

82,400,000

82,400,000

0.22% 12/6/12, LOC Citibank NA, CP

20,000,000

20,000,000

New York Pwr. Auth.:

Bonds:

0.2%, tender 3/1/13 (c)

4,500,000

4,500,000

0.2%, tender 3/1/13 (c)

48,900,000

48,900,000

Series 1:

0.18% 11/6/12, CP

12,500,000

12,500,000

0.18% 11/7/12, CP

9,000,000

9,000,000

0.18% 11/7/12, CP

4,863,000

4,863,000

0.18% 11/7/12, CP

2,277,000

2,277,000

0.18% 11/15/12, CP

17,700,000

17,700,000

0.18% 12/5/12, CP

8,100,000

8,100,000

0.18% 12/5/12, CP

12,100,000

12,100,000

0.18% 12/12/12, CP

8,000,000

8,000,000

0.18% 12/12/12, CP

8,515,000

8,515,000

0.19% 11/15/12, CP

21,900,000

21,900,000

0.19% 12/4/12, CP

8,100,000

8,100,000

0.19% 12/14/12, CP

12,370,000

12,370,000

0.19% 1/8/13, CP

10,000,000

10,000,000

0.19% 1/9/13, CP

2,303,000

2,303,000

Other Municipal Debt - continued

Principal Amount

Value

New York - continued

New York Pwr. Auth.: - continued

Series 1:

0.2% 2/6/13, CP

$ 7,300,000

$ 7,300,000

0.26% 7/15/13, CP

29,160,000

29,160,000

Series 2:

0.18% 11/16/12, CP

9,278,000

9,278,000

0.18% 12/6/12, CP

7,685,000

7,685,000

0.18% 12/6/12, CP

15,000,000

15,000,000

0.18% 12/18/12, CP

11,170,000

11,170,000

0.19% 12/6/12, CP

13,122,000

13,122,000

0.19% 12/6/12, CP

13,400,000

13,400,000

0.19% 2/6/13, CP

3,335,000

3,335,000

0.2% 2/19/13, CP

9,306,000

9,306,000

New York State Envir. Facilities Corp. Rev. Bonds Series 2012 E, 2% 5/15/13 (b)

2,600,000

2,622,958

New York State Gen. Oblig. Bonds:

Series 2008 A, 4% 3/1/13

3,500,000

3,543,674

Series 2009 A, 5% 2/15/13

1,500,000

1,520,735

Series 2011 E, 2% 12/15/12

8,350,000

8,367,426

New York Thruway Auth. Hwy. & Bridge Trust Fund Bonds Series 2005 B, 5% 4/1/13

4,100,000

4,181,067

New York Thruway Auth. Second Gen. Hwy. & Bridge Trust Fund Bonds:

Series 2008 A, 4% 4/1/13

1,450,000

1,472,782

Series 2010 A, 5% 4/1/13

2,000,000

2,039,373

New York Urban Dev. Corp. Rev. Bonds:

Series 2005 A, 5% 1/1/13

3,000,000

3,023,477

Series 2009 C, 5% 12/15/12

1,150,000

1,156,625

Series 2010 A1, 3% 1/1/13

2,500,000

2,511,508

Series 2010 B, 5% 1/1/13

5,000,000

5,039,049

Series 2011 A, 5% 3/15/13

2,400,000

2,442,363

Oceanside Union Free School District TAN 1% 6/20/13

14,800,000

14,870,952

Riverhead Central School District TAN 1.25% 6/27/13

16,200,000

16,307,730

Rochester Gen. Oblig. Bonds Series I, 1% 8/15/13

1,200,000

1,206,689

Rocky Point Union Free School District TAN 1.25% 6/27/13

5,000,000

5,029,573

Shoreham-Wading River Central School District TAN 1.25% 6/27/13

6,500,000

6,532,589

Smithtown Central School District TAN 2.5% 6/28/13

32,500,000

32,982,895

Southampton Gen. Oblig. BAN 0.5% 4/18/13

6,105,000

6,107,136

Syosset Central School District TAN 2.5% 6/21/13

10,100,000

10,247,488

Tarrytown Gen. Oblig. BAN 2% 10/18/13

7,304,910

7,427,500

Three Village Central School District TAN 1.5% 6/27/13

15,300,000

15,427,715

Other Municipal Debt - continued

Principal Amount

Value

New York - continued

Tobacco Settlement Fing. Corp. Bonds Series 2011, 4% 6/1/13

$ 7,000,000

$ 7,148,938

West Babylon Union Free School District TAN 1.25% 6/28/13

14,500,000

14,595,959

Westhampton Beach Union Free School District TAN 1% 6/27/13

8,900,000

8,945,175

 

1,569,421,976

New York & New Jersey - 3.0%

Port Auth. of New York & New Jersey:

Bonds 131st Series, 5% 12/15/12 (f)

2,000,000

2,011,211

Series 2012 A:

0.19% 2/6/13, CP (f)

21,750,000

21,750,000

0.2% 2/12/13, CP (f)

15,950,000

15,950,000

0.2% 2/20/13, CP (f)

12,020,000

12,020,000

0.21% 2/25/13, CP (f)

18,515,000

18,515,000

Series 2012 B, 0.19% 3/6/13, CP

12,508,000

12,508,000

Series A:

0.17% 11/13/12, CP (f)

9,725,000

9,725,000

0.18% 12/3/12, CP (f)

3,445,000

3,445,000

0.18% 12/6/12, CP (f)

13,970,000

13,970,000

0.19% 11/19/12, CP (f)

14,725,000

14,725,000

0.19% 11/26/12, CP (f)

17,430,000

17,430,000

Series B:

0.17% 11/6/12, CP

3,205,000

3,205,000

0.18% 12/5/12, CP

5,680,000

5,680,000

 

150,934,211

Virginia - 0.1%

Virginia Hsg. Dev. Auth. Commonwealth Mtg. Rev. Bonds Series Merlots 06 B21, 0.28%, tender 1/23/13 (Liquidity Facility Wells Fargo Bank NA) (c)(f)(g)(h)

3,035,000

3,035,000

TOTAL OTHER MUNICIPAL DEBT


1,757,741,187

Investment Company - 1.1%

Shares

Value

Fidelity Municipal Cash Central Fund, 0.23% (d)(e)

57,184,000

$ 57,184,000

TOTAL INVESTMENT PORTFOLIO - 99.6%

(Cost $4,999,008,187)

4,999,008,187

NET OTHER ASSETS (LIABILITIES) - 0.4%

18,673,776

NET ASSETS - 100%

$ 5,017,681,963

Security Type Abbreviations

BAN

-

BOND ANTICIPATION NOTE

CP

-

COMMERCIAL PAPER

TAN

-

TAX ANTICIPATION NOTE

VRDN

-

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

Legend

(a) 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 $5,000,000 or 0.1% of net assets.

(b) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

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

(d) Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Municipal Cash Central Fund.

(e) Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

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

(g) Provides evidence of ownership in one or more underlying municipal bonds.

(h) 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 $9,435,000 or 0.2% of net assets.

Additional information on each restricted holding is as follows:

Security

Acquisition Date

Cost

Port Auth. of New York & New Jersey Series 1991 2, 0.29% 11/30/12, VRDN

12/3/03

$ 6,400,000

Virginia Hsg. Dev. Auth. Commonwealth Mtg. Rev. Bonds Series Merlots 06 B21, 0.28%, tender 1/23/13 (Liquidity Facility Wells Fargo Bank NA)

8/16/12

$ 3,035,000

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund

Income earned

Fidelity Municipal Cash Central Fund

$ 315,176

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 October 31, 2012, the cost of investment securities for income tax purposes was $4,999,008,187.

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

Quarterly Holdings Report

for

Fidelity ® New York AMT Tax-Free
Money Market Fund

Fidelity New York AMT Tax-Free
Money Market
Institutional Class
Service Class

October 31, 2012

1.809073.109
SNM-QTLY-1212

Investments October 31, 2012 (Unaudited)

Showing Percentage of Net Assets

Variable Rate Demand Note - 56.3%

Principal
Amount

Value

Alabama - 0.1%

Mobile Indl. Dev. Board Dock & Wharf Rev. (Holnam, Inc. Proj.) Series 1999 A, 0.26% 11/7/12, LOC Bayerische Landesbank Girozentrale, VRDN (b)

$ 1,000,000

$ 1,000,000

Georgia - 0.2%

Metropolitan Atlanta Rapid Transit Auth. Sales Tax Rev. Participating VRDN Series Putters 3755, 0.24% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e)

2,500,000

2,500,000

Louisiana - 0.1%

Saint James Parish Gen. Oblig. (Nucor Steel Louisiana LLC Proj.) Series 2010 B1, 0.5% 11/7/12, VRDN (b)

1,200,000

1,200,000

New York - 50.4%

Albany Indl. Dev. Agcy. Civic Facility Rev. (Albany Med. Ctr. Proj.) Series 2007 C, 0.24% 11/7/12, LOC Bank of America NA, VRDN (b)

1,715,000

1,715,000

Eclipse Fdg. Trust Cus. Rpt. Various States Participating VRDN Series SOLAR 12 10, 0.21% 11/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (b)(e)

3,900,000

3,900,000

Long Island Pwr. Auth. Elec. Sys. Rev.:

Series 1A, 0.31% 11/7/12, LOC Bayerische Landesbank Girozentrale, VRDN (b)

9,000,000

9,000,000

Subseries 2001 2B, 0.24% 11/1/12, LOC Bayerische Landesbank Girozentrale, VRDN (b)

18,760,000

18,760,000

Nassau County Indl. Dev. Agcy. (Amsterdam at Harborside Proj.) Series 2007 C, 0.25% 11/7/12, LOC Bank of America NA, VRDN (b)

6,400,000

6,400,000

New York City Gen. Oblig.:

Participating VRDN:

Series BA 08 1052, 0.24% 11/7/12 (Liquidity Facility Bank of America NA) (b)(e)

12,895,000

12,895,000

Series BA 08 1131, 0.27% 11/7/12 (Liquidity Facility Bank of America NA) (b)(e)

2,215,000

2,215,000

Series Putters 2951, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e)

4,460,000

4,460,000

Series Putters 3118, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e)

5,185,000

5,185,000

Series Putters 3282, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e)

6,650,000

6,650,000

Series Putters 3793, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e)

5,000,000

5,000,000

Series Putters 4075, 0.23% 11/1/12 (Liquidity Facility JPMorgan Chase & Co.) (b)(e)

1,800,000

1,800,000

Series 2003 C2, 0.25% 11/7/12, LOC Bayerische Landesbank Girozentrale, VRDN (b)

5,560,000

5,560,000

Variable Rate Demand Note - continued

Principal
Amount

Value

New York - continued

New York City Gen. Oblig.: - continued

Series 2004 A2, 0.24% 11/7/12, LOC Bank of America NA, VRDN (b)

$ 11,100,000

$ 11,100,000

Series 2004 A3, 0.21% 11/7/12, LOC Morgan Stanley Bank, West Valley City Utah, VRDN (b)

11,900,000

11,900,000

Series 2004 H6, 0.23% 11/7/12, LOC Bank of America NA, VRDN (b)

3,910,000

3,910,000

Series 2006 I3, 0.22% 11/1/12, LOC Bank of America NA, VRDN (b)

3,250,000

3,250,000

Series 2006 I7, 0.26% 11/7/12, LOC Bank of America NA, VRDN (b)

4,200,000

4,200,000

Series 2008 J6, 0.23% 11/1/12, LOC Landesbank Hessen-Thuringen, VRDN (b)

1,105,000

1,105,000

Series 2008 J7, 0.6% 11/7/12, LOC Landesbank Baden-Wuert, VRDN (b)

4,800,000

4,800,000

New York City Hsg. Dev. Corp. Multi-family Mtg. Rev. (Beekman Tower Proj.) Series 2008 A, 0.22% 11/7/12, LOC RBS Citizens NA, VRDN (b)

8,300,000

8,300,000

New York City Hsg. Dev. Corp. Multi-family Rental Hsg. Rev.:

(90 West Street Proj.) Series 2006 A, 0.2% 11/7/12, LOC Fannie Mae, VRDN (b)

3,370,000

3,370,000

(Queenswood Apts. Proj.) Series 2001 A, 0.22% 11/7/12, LOC Freddie Mac, VRDN (b)

7,765,000

7,765,000

(Two Gold Street Proj.) Series 2006 A, 0.2% 11/7/12, LOC Fannie Mae, VRDN (b)

9,800,000

9,800,000

Series 2009 A, 0.26% 11/7/12, LOC Bank of America NA, VRDN (b)

9,475,000

9,475,000

New York City Hsg. Dev. Corp. Residential Rev.:

(Montefiore Med. Ctr. Proj.) Series 1993 A, 0.21% 11/7/12, LOC JPMorgan Chase Bank, VRDN (b)

4,800,000

4,800,000

(Queens College Residences Proj.) Series 2009 A, 0.22% 11/7/12, LOC RBS Citizens NA, VRDN (b)

19,000,000

19,000,000

New York City Indl. Dev. Agcy. Civic Facility Rev. (Planned Parenthood Proj.) 0.27% 11/7/12, LOC Bank of America NA, VRDN (b)

1,500,000

1,500,000

New York City Muni. Wtr. Fin. Auth. Wtr. & Swr. Sys. Rev. Participating VRDN:

Series BA 08 1192, 0.27% 11/7/12 (Liquidity Facility Bank of America NA) (b)(e)

3,012,000

3,012,000

Series MS 3262 X, 0.27% 11/7/12 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(e)

7,600,000

7,600,000

Series MT 739, 0.24% 11/7/12 (Liquidity Facility Bank of America NA) (b)(e)

2,400,000

2,400,000

Variable Rate Demand Note - continued

Principal
Amount

Value

New York - continued

New York City Muni. Wtr. Fin. Auth. Wtr. & Swr. Sys. Rev. Participating VRDN: - continued

Series Putters 1289, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e)

$ 830,000

$ 830,000

Series Putters 3223, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e)

8,330,000

8,330,000

Series Putters 3384, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e)

1,870,000

1,870,000

Series Putters 806, 0.24% 11/7/12 (Liquidity Facility Bank of America NA) (b)(e)

3,900,000

3,900,000

Series ROC II R 11916, 0.21% 11/7/12 (Liquidity Facility Citibank NA) (b)(e)

5,055,000

5,055,000

New York City Transitional Fin. Auth. Rev.:

Participating VRDN:

Series BA 08 1190, 0.27% 11/7/12 (Liquidity Facility Bank of America NA) (b)(e)

5,610,000

5,610,000

Series BC 11 6B, 0.21% 11/7/12 (Liquidity Facility Barclays Bank PLC) (b)(e)

8,250,000

8,250,000

Series BC 11 7B, 0.21% 11/7/12 (Liquidity Facility Barclays Bank PLC) (b)(e)

5,000,000

5,000,000

Series Putters 3857, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e)

2,500,000

2,500,000

Series Putters 3868, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e)

3,750,000

3,750,000

Series ROC II R 11994, 0.21% 11/7/12 (Liquidity Facility Citibank NA) (b)(e)

2,700,000

2,700,000

Series WF 11 133C, 0.22% 11/7/12 (Liquidity Facility Wells Fargo Bank NA) (b)(e)

1,000,000

1,000,000

Series 2001 B, 0.25% 11/1/12 (Liquidity Facility Landesbank Baden-Wuert), VRDN (b)

9,900,000

9,900,000

Series 2003 A2, 0.21% 11/2/12 (Liquidity Facility Bank of Tokyo-Mitsubishi UFJ Ltd.), VRDN (b)

4,900,000

4,900,000

Series 2003 C1, 0.25% 11/1/12 (Liquidity Facility JPMorgan Chase Bank), VRDN (b)

305,000

305,000

Subseries F5, 0.21% 11/7/12, LOC Sumitomo Mitsui Banking Corp., VRDN (b)

4,800,000

4,800,000

New York City Trust Cultural Resources Rev.:

(Lincoln Ctr. for the Performing Arts, Inc. Proj.) Series 2008 A1, 0.26% 11/1/12, LOC JPMorgan Chase Bank, VRDN (b)

1,800,000

1,800,000

(The New York Botanical Garden Proj.) Series 2009 A, 0.2% 11/7/12, LOC JPMorgan Chase Bank, VRDN (b)

5,000,000

5,000,000

Variable Rate Demand Note - continued

Principal
Amount

Value

New York - continued

New York Dorm. Auth. Personal Income Tax Rev. Participating VRDN:

Series Putters 3518, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e)

$ 1,445,000

$ 1,445,000

Series WF 11 88C, 0.22% 11/7/12 (Liquidity Facility Wells Fargo Bank NA) (b)(e)

1,385,000

1,385,000

New York Dorm. Auth. Revs.:

(Catholic Heath Sys. Obligated Group Proj.) Series 2008, 0.21% 11/7/12, LOC HSBC Bank USA, NA, VRDN (b)

2,465,000

2,465,000

(City Univ. Proj.) Series 2008 C, 0.22% 11/7/12, LOC Bank of America NA, VRDN (b)

6,200,000

6,200,000

(College of New Rochelle Proj.) Series 2008, 0.3% 11/7/12, LOC RBS Citizens NA, VRDN (b)

15,900,000

15,900,000

(Culinary Institute of America Proj.) Series 2004 D, 0.23% 11/7/12, LOC TD Banknorth, NA, VRDN (b)

7,000,000

7,000,000

Participating VRDN:

Series EGL 06 47 Class A, 0.22% 11/7/12 (Liquidity Facility Citibank NA) (b)(e)

37,905,000

37,905,000

Series MT 791, 0.24% 11/7/12 (Liquidity Facility Bank of America NA) (b)(e)

925,000

925,000

Series Putters 1955, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e)

10,140,000

10,140,000

Series ROC II R 11722, 0.21% 11/7/12 (Liquidity Facility Citibank NA) (b)(e)

9,535,000

9,535,000

Series WF 11 116C, 0.22% 11/7/12 (Liquidity Facility Wells Fargo Bank NA) (b)(e)

7,000,000

7,000,000

New York Envir. Facilities Corp. Clean Wtr. & Drinking Wtr. Participating VRDN:

Series BC 12 9 W, 0.21% 11/7/12 (Liquidity Facility Barclays Bank PLC) (b)(e)

4,100,000

4,100,000

Series Putters 3376, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e)

4,450,000

4,450,000

New York Envir. Facilities Corp. State Personal Income Tax Rev. Participating VRDN Series Putters 2666, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e)

3,185,000

3,185,000

New York Hsg. Fin. Agcy. Rev.:

(29 Flatbush Ave. Hsg. Proj.) Series 2010 A, 0.26% 11/7/12, LOC Bank of America NA, VRDN (b)

12,100,000

12,100,000

(316 11th Ave Hsg. Proj.) Series 2009 A, 0.2% 11/7/12, LOC Fannie Mae, VRDN (b)

2,325,000

2,325,000

(330 Riverdale Avenue Apts. Proj.) Series 2008 A, 0.25% 11/7/12, LOC Bank of America NA, VRDN (b)

5,000,000

5,000,000

(330 West 39th Street Hsg. Proj.) Series 2010 A, 0.3% 11/7/12, LOC Bank of America NA, VRDN (b)

3,500,000

3,500,000

Variable Rate Demand Note - continued

Principal
Amount

Value

New York - continued

New York Hsg. Fin. Agcy. Rev.: - continued

(42nd and 10th Hsg. Proj.) Series 2008 A, 0.43% 11/7/12, LOC Landesbank Baden-Wuert, VRDN (b)

$ 5,100,000

$ 5,100,000

(42nd and 10th Hsg. Proj.) Series 2010 A, 0.43% 11/7/12, LOC Landesbank Baden-Wuert, VRDN (b)

10,000,000

10,000,000

(505 West 37th Street Proj.) Series 2009 A, 0.3% 11/7/12, LOC Landesbank Hessen-Thuringen, VRDN (b)

3,100,000

3,100,000

(Clinton Park Hsg. Proj.) Series 2010 A, 0.23% 11/7/12, LOC Wells Fargo Bank NA, VRDN (b)

24,600,000

24,600,000

Series 2009 A, 0.21% 11/7/12, LOC Freddie Mac, VRDN (b)

4,700,000

4,700,000

Series 2009 B, 0.21% 11/7/12, LOC Freddie Mac, VRDN (b)

4,400,000

4,400,000

New York Metropolitan Trans. Auth. Dedicated Tax Fund Rev. Series 2008 A1, 0.2% 11/7/12, LOC Morgan Stanley Bank, West Valley City Utah, VRDN (b)

8,600,000

8,600,000

New York State Gen. Oblig. Participating VRDN Series WF 11 39C, 0.22% 11/7/12 (Liquidity Facility Wells Fargo Bank NA) (b)(e)

4,900,000

4,900,000

New York Thruway Auth. Gen. Rev. Participating VRDN Series Solar 06 17, 0.21% 11/7/12 (Liquidity Facility U.S. Bank NA, Cincinnati) (b)(e)

14,495,000

14,495,000

New York Thruway Auth. Hwy. & Bridge Trust Fund Participating VRDN Series BC 11 100W, 0.21% 11/7/12 (Liquidity Facility Barclays Bank PLC) (b)(e)

4,600,000

4,600,000

Rockland Indl. Dev. Agcy. Civic Facility Rev. (Dominican College of Blauvelt Proj.) Series 2006 A, 0.21% 11/7/12, LOC TD Banknorth, NA, VRDN (b)

13,985,000

13,985,000

Suffolk County Wtr. Auth. Wtrwks. Rev. Participating VRDN Series Putters 3357, 0.23% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e)

3,265,000

3,265,000

Triborough Bridge & Tunnel Auth. Revs.:

Participating VRDN:

Series MS 3083, 0.27% 11/7/12 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(e)

6,975,000

6,975,000

Series Putters 3685, 0.22% 11/7/12 (Liquidity Facility JPMorgan Chase Bank) (b)(e)

5,605,000

5,605,000

Series 2002 F, 0.2% 11/7/12 (Liquidity Facility Royal Bank of Scotland NV), VRDN (b)

10,125,000

10,125,000

Variable Rate Demand Note - continued

Principal
Amount

Value

New York - continued

Triborough Bridge & Tunnel Auth. Revs.: - continued

Series 2005 B3, 0.24% 11/7/12 (Liquidity Facility Bank of America NA), VRDN (b)

$ 42,735,000

$ 42,735,000

Yonkers Indl. Dev. Agcy. Civic Facility Rev. (Consumers Union of United States, Inc. Proj.) Series 2005, 0.23% 11/7/12, LOC JPMorgan Chase Bank, VRDN (b)

5,300,000

5,300,000

 

583,372,000

New York & New Jersey - 2.9%

Port Auth. of New York & New Jersey:

Participating VRDN:

Series BA 07 1043, 0.24% 11/7/12 (Liquidity Facility Bank of America NA) (b)(e)

7,075,000

7,075,000

Series MS 3266, 0.21% 11/7/12 (Liquidity Facility Cr. Suisse New York Branch) (b)(e)

5,075,000

5,075,000

Series ROC II R 11439, 0.22% 11/7/12 (Liquidity Facility Citibank NA) (b)(e)

7,200,000

7,200,000

Series 2008 2, 0.27% 11/7/12, VRDN (b)

13,810,000

13,810,000

 

33,160,000

North Carolina - 0.5%

Parson County Indl. Facilities and Poll. Cont. Fing. Auth. (CertainTeed Gypsum NC, Inc. Proj.) Series 2010, 0.4% 11/7/12, LOC Cr. Industriel et Commercial, VRDN (b)

5,850,000

5,850,000

Ohio - 1.4%

Ohio Air Quality Dev. Auth. Rev. (Cincinnati Gas & Elec. Co. Proj.) Series A, 0.42% 11/7/12, VRDN (b)

5,000,000

5,000,000

Ohio Higher Edl. Facility Commission Rev. (Univ. Hosp. Health Sys. Proj.) Series 2008 B, 0.27% 11/7/12, LOC RBS Citizens NA, VRDN (b)

10,600,000

10,600,000

 

15,600,000

Texas - 0.7%

North Texas Tollway Auth. Rev. Series 2011 A, 0.22% 11/7/12, LOC Morgan Stanley Bank, West Valley City Utah, VRDN (b)

3,000,000

3,000,000

Northside Independent School District Participating VRDN Series Putters 4246, 0.25% 11/7/12 (Liquidity Facility Deutsche Bank AG New York Branch) (b)(e)

5,270,000

5,270,000

 

8,270,000

TOTAL VARIABLE RATE DEMAND NOTE

650,952,000

Other Municipal Debt - 40.7%

Principal
Amount

Value

Kentucky - 0.2%

Jefferson County Poll. Cont. Rev. Bonds (Louisville Gas & Elec. Co. Proj.) Series 2001 A, 0.34% tender 11/1/12, CP mode

$ 2,700,000

$ 2,700,000

Massachusetts - 0.5%

Massachusetts Indl. Fin. Agcy. Poll. Cont. Rev. Bonds (New England Pwr. Co. Proj.) Series 1993 B, 0.45% tender 11/9/12, CP mode

5,950,000

5,950,000

New York - 37.9%

Amherst Gen. Oblig. BAN Series 2011 B, 1.25% 11/15/12

6,300,000

6,302,087

Bayport-Blue Point Union Free School District TAN 1.25% 6/27/13

2,000,000

2,012,902

Brewster Central School District BAN 1.5% 2/1/13

4,800,000

4,814,782

Brookhaven Gen. Oblig. BAN 0.75% 1/30/13

15,600,000

15,619,881

Connetquot Central School District:

BAN Series 2012, 1.5% 9/4/13

1,400,000

1,414,201

TAN 1.5% 6/27/13

7,600,000

7,661,536

Deer Park Union Free School District TAN 1.5% 6/27/13

3,500,000

3,528,930

East Aurora Union Free School District BAN Series 2012, 1% 12/13/12

4,000,000

4,003,028

Hampton Bays Union Free School District TAN 1.5% 6/20/13

2,800,000

2,820,680

Herricks Union Free School District TAN 1.5% 6/21/13

1,700,000

1,713,485

Huntington Union Free School District TAN 1.25% 6/21/13

5,200,000

5,234,058

Kings Park Central School District TAN 1.25% 6/21/13

3,200,000

3,220,139

Lindenhurst Unified Free School District TAN 1.25% 6/20/13

4,600,000

4,628,454

Long Island Pwr. Auth. Elec. Sys. Rev. Series 1:

0.18% 11/9/12, LOC JPMorgan Chase Bank, CP

19,200,000

19,200,000

0.18% 11/9/12, LOC JPMorgan Chase Bank, CP

3,000,000

3,000,000

0.2% 12/7/12, LOC JPMorgan Chase Bank, CP

11,900,000

11,900,000

Longwood Central School District TAN 1.25% 6/27/13

6,100,000

6,138,584

Massapequa Union Free School District TAN 1.25% 6/20/13

6,500,000

6,540,116

Middle Country Century School District:

BAN Series 2012, 1.5% 8/15/13

375,000

378,199

TAN 1.5% 6/27/13

7,400,000

7,460,719

Nassau Health Care Corp. Rev. Bonds:

Series 2009 C2, 0.21%, tender 1/7/13, LOC Wells Fargo Bank NA (b)

2,200,000

2,200,000

Series 2009 D2, 0.22%, tender 1/28/13, LOC JPMorgan Chase Bank (b)

5,900,000

5,900,000

New York City Gen. Oblig. Bonds:

Series 2009 C, 3% 8/1/13

1,750,000

1,785,462

Series 2009 K, 5% 8/1/13

1,000,000

1,035,668

Series 2012 F, 2.5% 8/1/13

2,800,000

2,847,645

Other Municipal Debt - continued

Principal
Amount

Value

New York - continued

New York City Muni. Wtr. Fin. Auth. Wtr. & Swr. Sys. Rev.:

Series 7, 0.24% 7/29/13, CP

$ 8,900,000

$ 8,900,000

Series 8:

0.24% 5/20/13, CP

6,200,000

6,200,000

0.24% 5/30/13, CP

6,200,000

6,200,000

New York City Transitional Fin. Auth. Rev. Bonds Series 2011 D, 5% 2/1/13

2,000,000

2,024,002

New York Dorm. Auth. Mental Health Svcs. Facilities Impt. Rev. Bonds Series 2012 A, 2% 7/1/13

1,600,000

1,618,803

New York Local Govt. Assistance Corp. Bonds Series 2008 C, 5% 4/1/13

2,220,000

2,263,972

New York Metropolitan Trans. Auth. Rev.:

Series 2A, 0.19% 2/6/13, LOC TD Banknorth, NA, CP

2,800,000

2,800,000

Series 2B, 0.19% 12/14/12, LOC Barclays Bank PLC, CP

21,490,000

21,490,000

Series 2C, 0.18% 12/5/12, LOC Royal Bank of Canada, CP

11,700,000

11,700,000

Series 2D, 0.2% 11/14/12, LOC Citibank NA, CP

43,600,000

43,600,001

New York Pwr. Auth.:

Bonds 0.2%, tender 3/1/13 (b)

12,605,000

12,605,000

Series 1:

0.18% 11/6/12, CP

19,722,000

19,722,000

0.18% 11/15/12, CP

4,184,000

4,184,000

0.18% 11/15/12, CP

10,000,000

10,000,000

0.18% 12/5/12, CP

1,900,000

1,900,000

0.18% 12/5/12, CP

2,900,000

2,900,000

0.18% 12/6/12, CP

10,000,000

10,000,000

0.18% 12/12/12, CP

2,000,000

2,000,000

0.18% 12/12/12, CP

3,193,000

3,193,000

0.19% 11/15/12, CP

6,914,000

6,914,000

0.19% 12/4/12, CP

1,900,000

1,900,000

0.2% 11/28/12, CP

12,825,000

12,825,000

0.2% 2/6/13, CP

1,700,000

1,700,000

0.26% 7/15/13, CP

34,028,000

34,028,000

Series 2:

0.18% 12/6/12, CP

1,920,000

1,920,000

0.18% 2/6/13, CP

3,335,000

3,335,000

0.19% 12/6/12, CP

9,410,000

9,410,000

0.19% 12/6/12, CP

4,018,000

4,018,000

0.19% 12/6/12, CP

3,185,000

3,185,000

0.19% 12/6/12, CP

1,700,000

1,700,000

0.2% 2/19/13, CP

1,270,000

1,270,000

New York State Envir. Facilities Corp. Rev. Bonds:

Series 2012 B, 2% 2/15/13

1,360,000

1,367,124

Other Municipal Debt - continued

Principal
Amount

Value

New York - continued

New York State Envir. Facilities Corp. Rev. Bonds: - continued

Series 2012 E, 1% 11/15/13 (a)

$ 1,495,000

$ 1,506,332

New York State Gen. Oblig. Bonds Series 2011 A, 5% 2/15/13

3,000,000

3,041,527

New York Thruway Auth. Personal Income Tax Rev. Bonds Series 2011 A, 3% 3/15/13

1,000,000

1,010,295

Oceanside Union Free School District TAN 1% 6/20/13

3,700,000

3,717,738

Riverhead Central School District TAN 1.25% 6/27/13

3,800,000

3,825,270

Sag Hbr. Union Free School District TAN 1.25% 6/20/13

10,000,000

10,058,245

Shoreham-Wading River Central School District TAN 1.25% 6/27/13

1,500,000

1,507,521

Smithtown Central School District TAN 2.5% 6/28/13

7,500,000

7,611,437

Syosset Central School District TAN 2.5% 6/21/13

2,400,000

2,435,047

Tarrytown Gen. Oblig. BAN 2% 10/18/13

1,700,000

1,728,529

Three Village Central School District TAN 1.5% 6/27/13

3,700,000

3,730,885

Tobacco Settlement Fing. Corp. Bonds Series 2011:

2% 6/1/13

6,000,000

6,058,262

4% 6/1/13

2,125,000

2,169,524

Westhampton Beach Union Free School District TAN 1% 6/27/13

2,100,000

2,110,659

 

438,744,729

New York & New Jersey - 2.1%

Port Auth. of New York & New Jersey:

Series 2012 B:

0.19% 2/6/13, CP

8,100,000

8,100,000

0.19% 3/6/13, CP

3,502,500

3,502,500

Series B:

0.17% 11/6/12, CP

10,000,000

10,000,000

0.18% 12/11/12, CP

2,080,000

2,080,000

 

23,682,500

TOTAL OTHER MUNICIPAL DEBT

471,077,229

Investment Company - 2.9%

Shares

Value

Fidelity Tax-Free Cash Central Fund, 0.21% (c)(d)

33,802,000

$ 33,802,000

TOTAL INVESTMENT PORTFOLIO - 99.9%

(Cost $1,155,831,229)

1,155,831,229

NET OTHER ASSETS (LIABILITIES) - 0.1%

1,603,055

NET ASSETS - 100%

$ 1,157,434,284

Security Type Abbreviations

BAN

-

BOND ANTICIPATION NOTE

CP

-

COMMERCIAL PAPER

TAN

-

TAX ANTICIPATION NOTE

VRDN

-

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

Legend

(a) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

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

(c) Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Tax-Free Cash Central Fund.

(d) Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

(e) Provides evidence of ownership in one or more underlying municipal bonds.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund

Income earned

Fidelity Tax-Free Cash Central Fund

$ 47,656

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 October 31, 2012, the cost of investment securities for income tax purposes was $1,155,831,229.

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 New York Municipal Trust II'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 New York Municipal Trust II

By:

/s/John R. Hebble

 

John R. Hebble

 

President and Treasurer

 

 

Date:

December 28, 2012

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/John R. Hebble

 

John R. Hebble

 

President and Treasurer

 

 

Date:

December 28, 2012

By:

/s/Christine Reynolds

 

Christine Reynolds

 

Chief Financial Officer

 

 

Date:

December 28, 2012

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