UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q


QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number         811-06240         

        Nuveen Select Quality Municipal Fund, Inc.         
(Exact name of registrant as specified in charter)

Nuveen Investments
        333 West Wacker Drive, Chicago, Illinois 60606         

(Address of principal executive offices) (Zip code)


Kevin J. McCarthy—Vice President and Secretary
        333 West Wacker Drive, Chicago, Illinois 60606         

(Name and address of agent for service)

Registrant's telephone number, including area code:         312-917-7700        

Date of fiscal year end:             10/31          

Date of reporting period:          7/31/07         

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Schedule of Investments

    Portfolio of Investments (Unaudited)              
    Nuveen Select Quality Municipal Fund, Inc. (NQS)              
    July 31, 2007              
Principal         Optional Call          
Amount (000)     Description (1)     Provisions (2)     Ratings (3)     Value  

    Alabama – 3.9% (2.5% of Total Investments)              
$          4,000     Jefferson County, Alabama, Sewer Revenue Capital Improvement Warrants, Series 1999A, 5.375%,     2/09 at 101.00     AAA    $   4,132,680  
      2/01/36 (Pre-refunded 2/01/09) – FGIC Insured              
10,000     Lauderdale County and Florence Health Authority, Alabama, Revenue Bonds, Coffee Health Group,     7/10 at 102.00     AAA     10,697,500  
      Series 2000A, 6.000%, 7/01/29 – MBIA Insured              
5,155     Phenix City Industrial Development Board, Alabama, Environmental Improvement Revenue Bonds,     5/12 at 100.00     BBB     5,450,330  
      MeadWestvaco Corporation, Series 2002A, 6.350%, 5/15/35 (Alternative Minimum Tax)              

19,155     Total Alabama             20,280,510  

    Alaska – 0.4% (0.2% of Total Investments)              
2,000     Kenai Peninsula Borough, Alaska, Revenue Bonds, Central Kenai Peninsula Hospital Service Area,     8/13 at 100.00     Aaa     2,078,280  
      Series 2003, 5.000%, 8/01/23 – FGIC Insured              

    Arizona – 0.8% (0.5% of Total Investments)              
3,750     Salt River Project Agricultural Improvement and Power District, Arizona, Electric System     12/13 at 100.00     AAA     3,918,488  
      Revenue Bonds, Series 2003, 5.000%, 12/01/18 – MBIA Insured              

    Arkansas – 1.0% (0.7% of Total Investments)              
4,500     Little Rock, Arkansas, Hotel and Restaurant Gross Receipts Tax Refunding Bonds, Series 1993,     No Opt. Call     A3     5,152,635  
      7.375%, 8/01/15              

    California – 4.6% (3.0% of Total Investments)              
    Calexico Unified School District, Imperial County, California, General Obligation Bonds,              
    Series 2005B:              
3,685       0.000%, 8/01/31 – FGIC Insured     No Opt. Call     AAA     1,166,671  
4,505       0.000%, 8/01/33 – FGIC Insured     No Opt. Call     AAA     1,292,665  
550     California Pollution Control Financing Authority, Remarketed Revenue Bonds, Pacific Gas and     4/11 at 102.00     AAA     580,410  
      Electric Company, Series 1996A, 5.350%, 12/01/16 – MBIA Insured (Alternative Minimum Tax)              
1,000     Coachella Valley Unified School District, Riverside County, California, General Obligation     No Opt. Call     AAA     332,890  
      Bonds, Series 2005A, 0.000%, 8/01/30 – FGIC Insured              
    Colton Joint Unified School District, San Bernardino County, California, General Obligation              
    Bonds, Series 2006C:              
3,200       0.000%, 2/01/30 – FGIC Insured     2/15 at 45.69     AAA     1,010,336  
6,800       0.000%, 2/01/35 – FGIC Insured     2/15 at 34.85     AAA     1,628,124  
    Cupertino Union School District, Santa Clara County, California, General Obligation Bonds,              
    Series 2003B:              
8,100       0.000%, 8/01/24 – FGIC Insured     8/13 at 58.68     AAA     3,565,215  
11,430       0.000%, 8/01/27 – FGIC Insured     8/13 at 49.98     AAA     4,263,047  
1,045     Lake Tahoe Unified School District, El Dorado County, California, General Obligation Bonds,     No Opt. Call     Aaa     342,687  
      Series 2001B, 0.000%, 8/01/31 – MBIA Insured              
6,000     Placentia-Yorba Linda Unified School District, Orange County, California, Certificates of     No Opt. Call     AAA     1,623,540  
      Participation, Series 2006, 0.000%, 10/01/34 – FGIC Insured              
5,000     Riverside County Asset Leasing Corporation, California, Leasehold Revenue Bonds, Riverside     No Opt. Call     AAA     2,142,150  
      County Hospital Project, Series 1997, 0.000%, 6/01/25 – MBIA Insured              
12,615     San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue     No Opt. Call     AAA     3,393,561  
      Refunding Bonds, Series 1997A, 0.000%, 1/15/35 – MBIA Insured              
5,000     Santa Monica Community College District, Los Angeles County, California, General Obligation     No Opt. Call     AAA     1,982,550  
      Bonds, Series 2005C, 0.000%, 8/01/26 – MBIA Insured              

68,930     Total California             23,323,846  

    Colorado – 10.6% (7.0% of Total Investments)              
11,000     Colorado Department of Transportation, Revenue Anticipation Bonds, Series 2000, 6.000%,     6/10 at 100.50     AAA     11,706,640  
      6/15/15 (Pre-refunded 6/15/10) – AMBAC Insured              
9,250     Colorado Health Facilities Authority, Remarketed Revenue Bonds, Kaiser Permanente System,     10/07 at 101.50     AAA     9,399,295  
      Series 1994A, 5.350%, 11/01/16 (ETM)              
16,995     Denver City and County, Colorado, Airport System Revenue Refunding Bonds, Series 2000A,     11/10 at 100.00     AAA     17,664,263  
      5.625%, 11/15/23 – AMBAC Insured (Alternative Minimum Tax)              
1,500     Denver Convention Center Hotel Authority, Colorado, Senior Revenue Bonds, Convention Center     11/16 at 100.00     AAA     1,485,120  
      Hotel, Series 2006, 4.625%, 12/01/30 – XLCA Insured              
    E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 1997B:              
1,420       0.000%, 9/01/23 – MBIA Insured     No Opt. Call     AAA     673,719  
8,515       0.000%, 9/01/25 – MBIA Insured     No Opt. Call     AAA     3,643,398  
7,500     E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B, 0.000%,     No Opt. Call     AAA     2,602,950  
      9/01/29 – MBIA Insured              
13,000     E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004B, 0.000%, 9/01/34 –     9/20 at 45.40     AAA     3,097,250  
      MBIA Insured              
12,355     Northwest Parkway Public Highway Authority, Colorado, Senior Lien Revenue Bonds, Series 2001B,     6/11 at 40.52     AAA     4,201,194  
      0.000%, 6/15/26 – FSA Insured              

81,535     Total Colorado             54,473,829  

    District of Columbia – 3.2% (2.1% of Total Investments)              
2,865     District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed Bonds,     5/11 at 101.00     BBB     3,022,374  
      Series 2001, 6.250%, 5/15/24              
    District of Columbia, General Obligation Bonds, Series 1998B:              
5,000       6.000%, 6/01/19 – MBIA Insured     No Opt. Call     AAA     5,794,150  
7,265       5.250%, 6/01/26 – FSA Insured     6/08 at 101.00     AAA     7,401,873  

15,130     Total District of Columbia             16,218,397  

    Florida – 2.3% (1.5% of Total Investments)              
    Lee County, Florida, Airport Revenue Bonds, Series 2000A:              
3,075       5.875%, 10/01/18 – FSA Insured (Alternative Minimum Tax)     10/10 at 101.00     AAA     3,251,597  
4,860       5.875%, 10/01/19 – FSA Insured (Alternative Minimum Tax)     10/10 at 101.00     AAA     5,139,110  
3,335     South Miami Health Facilities Authority, Florida, Revenue Bonds, Baptist Health Systems of     8/17 at 100.00     AA–     3,310,188  
      South Florida, Series 2007, ROLS 11151, 7.248%, 8/15/42 (IF)              

11,270     Total Florida             11,700,895  

    Georgia – 0.8% (0.5% of Total Investments)              
3,750     Atlanta, Georgia, Airport General Revenue Bonds, Series 2000B, 5.625%, 1/01/30 – FGIC Insured     1/10 at 101.00     AAA     3,892,650  
      (Alternative Minimum Tax)              

    Illinois – 17.1% (11.2% of Total Investments)              
7,555     Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated Tax     12/07 at 102.00     AAA     7,732,014  
      Revenues, Series 1997A, 5.250%, 12/01/27 – AMBAC Insured              
    Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated Tax              
    Revenues, Series 1997:              
4,000       5.750%, 12/01/20 (Pre-refunded 12/01/07) – AMBAC Insured     12/07 at 102.00     AAA     4,105,200  
9,230       5.750%, 12/01/27 (Pre-refunded 12/01/07) – AMBAC Insured     12/07 at 102.00     AAA     9,472,749  
1,070       5.750%, 12/01/27 (Pre-refunded 12/01/07) – AMBAC Insured     12/07 at 102.00     AAA     1,098,141  
    Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated Tax              
    Revenues, Series 1998B-1:              
3,665       0.000%, 12/01/25 – FGIC Insured     No Opt. Call     AAA     1,569,426  
2,925       0.000%, 12/01/31 – FGIC Insured     No Opt. Call     AAA     926,669  
5,865     Chicago, Illinois, General Obligation Bonds, Neighborhoods Alive 21 Program, Series 2000A,     7/10 at 101.00     AAA     6,353,144  
      6.500%, 1/01/35 (Pre-refunded 7/01/10) – FGIC Insured              
15,000     Chicago, Illinois, Second Lien Passenger Facility Charge Revenue Bonds, O’Hare International     1/11 at 101.00     AAA     15,458,700  
      Airport, Series 2001A, 5.375%, 1/01/32 – AMBAC Insured (Alternative Minimum Tax)              
    Chicago, Illinois, Second Lien Passenger Facility Charge Revenue Bonds, O’Hare International              
    Airport, Series 2001C:              
3,770       5.100%, 1/01/26 – AMBAC Insured (Alternative Minimum Tax)     1/11 at 101.00     AAA     3,836,126  
5,460       5.250%, 1/01/32 – AMBAC Insured (Alternative Minimum Tax)     1/11 at 101.00     AAA     5,593,606  
10,000     Illinois Health Facilities Authority, Revenue Bonds, Condell Medical Center, Series 2002,     5/12 at 100.00     Baa2     10,373,200  
      5.750%, 5/15/22              
2,000     Illinois Health Facilities Authority, Revenue Bonds, Midwest Care Center I Inc., Series 2001,     2/11 at 102.00     Aaa     2,119,920  
      5.950%, 2/20/36              
8,945     Lake and McHenry Counties Community Unit School District 118, Wauconda, Illinois, General     1/15 at 74.44     Aaa     4,690,758  
      Obligation Bonds, Series 2005B, 0.000%, 1/01/21 – FSA Insured              
9,000     McHenry County Community Unit School District 200, Woodstock, Illinois, General Obligation     No Opt. Call     Aaa     4,396,140  
      Bonds, Series 2006B, 0.000%, 1/15/23 – FGIC Insured              
    Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion              
    Project, Series 2002A:              
6,700       0.000%, 12/15/23 – MBIA Insured     No Opt. Call     AAA     3,156,638  
2,920       5.000%, 12/15/28 – MBIA Insured     6/12 at 101.00     AAA     2,996,738  
1,100       0.000%, 12/15/35 – MBIA Insured     No Opt. Call     AAA     284,790  
7,500     Valley View Public Schools, Community Unit School District 365U of Will County, Illinois,     No Opt. Call     AAA     3,212,550  
      General Obligation Bonds, Series 2005, 0.000%, 11/01/25 – MBIA Insured              

106,705     Total Illinois             87,376,509  

    Indiana – 1.7% (1.1% of Total Investments)              
765     Indiana Housing Finance Authority, Single Family Mortgage Revenue Bonds, Series 2000D-3,     1/10 at 100.00     Aaa     775,664  
      5.950%, 7/01/26 (Alternative Minimum Tax)              
7,660     St. Joseph County Hospital Authority, Indiana, Revenue Bonds, Memorial Health System, Series     2/11 at 100.00     AAA     8,109,565  
      2000, 5.625%, 8/15/33 (Pre-refunded 2/15/11) – AMBAC Insured              

8,425     Total Indiana             8,885,229  

    Kansas – 1.5% (1.0% of Total Investments)              
3,500     Burlington, Kansas, Environmental Improvement Revenue Bonds, Kansas City Power and Light     10/07 at 100.00     A3     3,504,130  
      Company Project, Series 1998A, 4.750%, 9/01/15 (Mandatory put 10/01/07)              
3,790     Kansas Department of Transportation, Highway Revenue Bonds, Series 2004A, 5.000%, 3/01/23     3/14 at 100.00     AAA     3,948,308  

7,290     Total Kansas             7,452,438  

    Maryland – 1.5% (1.0% of Total Investments)              
7,500     Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Johns Hopkins     7/09 at 101.00     AA (4)     7,886,700  
      University, Series 1999, 6.000%, 7/01/39 (Pre-refunded 7/01/09)              

    Massachusetts – 0.1% (0.1% of Total Investments)              
950     Massachusetts Educational Finance Authority, Student Loan Revenue Refunding Bonds, Series     12/09 at 101.00     AAA     968,563  
      2000G, 5.700%, 12/01/11 – MBIA Insured (Alternative Minimum Tax)              

    Michigan – 8.0% (5.2% of Total Investments)              
10,000     Detroit, Michigan, Sewerage Disposal System Revenue Bonds, Series 1999A, 5.750%, 7/01/26     1/10 at 101.00     AAA     10,545,500  
      (Pre-refunded 1/01/10) – FGIC Insured              
6,475     Michigan State Hospital Finance Authority, Hospital Revenue Bonds, Ascension Health Credit     11/09 at 101.00     AAA     6,808,981  
      Group, Series 1999A, 5.750%, 11/15/16 (Pre-refunded 11/15/09) – MBIA Insured              
3,275     Michigan State Hospital Finance Authority, Revenue Refunding Bonds, Detroit Medical Center     8/07 at 100.00     BB–     3,276,900  
      Obligated Group, Series 1993A, 6.500%, 8/15/18              
6,000     Michigan Strategic Fund, Collateralized Limited Obligation Pollution Control Revenue Refunding     9/11 at 100.00     A3     6,217,380  
      Bonds, Fixed Rate Conversion, Detroit Edison Company, Series 1999C, 5.650%, 9/01/29              
      (Alternative Minimum Tax)              
7,500     Michigan Strategic Fund, Limited Obligation Revenue Refunding Bonds, Detroit Edison Company,     12/12 at 100.00     AAA     7,849,725  
      Series 2002C, 5.450%, 12/15/32 – XLCA Insured (Alternative Minimum Tax)              
5,900     Royal Oak Hospital Finance Authority, Michigan, Hospital Revenue Bonds, William Beaumont     11/11 at 100.00     AAA     6,080,894  
      Hospital, Series 2001M, 5.250%, 11/15/35 – MBIA Insured              

39,150     Total Michigan             40,779,380  

    Minnesota – 1.9% (1.3% of Total Investments)              
7,000     Minneapolis-St. Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds,     1/11 at 100.00     AAA     7,323,260  
      Series 2001A, 5.250%, 1/01/32 (Pre-refunded 1/01/11) – FGIC Insured              
2,545     Minnesota Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2000C, 6.100%,     7/09 at 100.00     AA+     2,626,618  
      7/01/30 (Alternative Minimum Tax)              

9,545     Total Minnesota             9,949,878  

    Mississippi – 0.4% (0.3% of Total Investments)              
2,475     Mississippi Hospital Equipment and Facilities Authority, Revenue Bonds, Baptist Memorial     9/14 at 100.00     N/R     2,453,864  
      Healthcare, Series 2004B-1, 5.000%, 9/01/24              

    Missouri – 0.7% (0.4% of Total Investments)              
5,000     Kansas City Municipal Assistance Corporation, Missouri, Leasehold Revenue Bonds, Series     No Opt. Call     AAA     1,887,800  
      2004B-1, 0.000%, 4/15/28 – AMBAC Insured              
1,500     Missouri-Illinois Metropolitan District Bi-State Development Agency, Mass Transit Sales Tax     10/13 at 100.00     AAA     1,547,325  
      Appropriation Bonds, Metrolink Cross County Extension Project, Series 2002B, 5.000%,              
      10/01/32 – FSA Insured              

6,500     Total Missouri             3,435,125  

    Nevada – 8.4% (5.5% of Total Investments)              
4,885     Clark County, Nevada, Limited Tax General Obligation Bank Bonds, Series 2000, 5.500%, 7/01/18     7/10 at 100.00     AA+ (4)     5,114,107  
      (Pre-refunded 7/01/10)              
7,500     Clark County, Nevada, Subordinate Lien Airport Revenue Bonds, Series 1999A, 6.000%, 7/01/29     7/10 at 101.00     AAA     8,021,625  
      (Pre-refunded 7/01/10) – MBIA Insured              
1,950     Director of Nevada State Department of Business and Industry, Revenue Bonds, Las Vegas     1/10 at 102.00     AAA     2,052,570  
      Monorail Project, First Tier, Series 2000, 5.625%, 1/01/32 – AMBAC Insured              
10,000     Reno Nevada, Health Facilities, Revenue Bonds, Catholic Healthcare West, Series 2007A,     7/17 at 100.00     A     10,158,000  
      5.250%, 7/01/31 (UB)              
10,750     Truckee Meadows Water Authority, Nevada, Water Revenue Bonds, Series 2001A, 5.250%, 7/01/34     7/11 at 100.00     AAA     11,313,945  
      (Pre-refunded 7/01/11) – FSA Insured              
6,000     Washoe County, Nevada, Reno-Sparks Convention and Visitors Authority, Limited Tax General     1/10 at 100.00     AAA     6,358,260  
      Obligation Bonds, Series 1999A, 6.375%, 7/01/23 (Pre-refunded 1/01/10) – FSA Insured              

41,085     Total Nevada             43,018,507  

    New Jersey – 7.2% (4.7% of Total Investments)              
2,400     New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Trinitas Hospital     7/10 at 101.00     BBB– (4)     2,654,208  
      Obligated Group, Series 2000, 7.500%, 7/01/30 (Pre-refunded 7/01/10)              
14,865     New Jersey Housing and Mortgage Finance Agency, Home Buyer Program Revenue Bonds, Series     10/10 at 100.00     AAA     15,288,355  
      2000CC, 5.850%, 10/01/25 – MBIA Insured (Alternative Minimum Tax)              
3,000     New Jersey Housing and Mortgage Finance Agency, Multifamily Housing Revenue Bonds, Series     11/07 at 101.50     AAA     3,054,690  
      1997A, 5.550%, 5/01/27 – AMBAC Insured (Alternative Minimum Tax)              
20,000     New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2006C,     No Opt. Call     AAA     5,754,400  
      0.000%, 12/15/33 – FSA Insured              
7,690     Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,     6/12 at 100.00     AAA     8,232,068  
      Series 2002, 5.750%, 6/01/32 (Pre-refunded 6/01/12)              
2,000     Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,     6/17 at 100.00     BBB     1,845,600  
      Series 2007-1A, 5.000%, 6/01/41              

49,955     Total New Jersey             36,829,321  

    New Mexico – 4.6% (3.0% of Total Investments)              
8,500     Farmington, New Mexico, Pollution Control Revenue Refunding Bonds, Public Service Company of     10/07 at 100.50     BBB     8,551,510  
      New Mexico – San Juan Project, Series 1997B, 5.800%, 4/01/22              
    New Mexico Hospital Equipment Loan Council, Hospital Revenue Bonds, Presbyterian Healthcare              
    Services, Series 2001A:              
8,000       5.500%, 8/01/25 (Pre-refunded 8/01/11)     8/11 at 101.00     AA– (4)     8,542,080  
6,200       5.500%, 8/01/30 (Pre-refunded 8/01/11)     8/11 at 101.00     AA– (4)     6,620,112  

22,700     Total New Mexico             23,713,702  

    New York – 13.8% (9.0% of Total Investments)              
5,650     Dormitory Authority of the State of New York, Improvement Revenue Bonds, Mental Health     8/09 at 101.00     AAA     5,852,496  
      Services Facilities, Series 1999D, 5.250%, 8/15/24 – FSA Insured              
10,000     Dormitory Authority of the State of New York, New York City, Lease Revenue Bonds, Court     5/10 at 101.00     A+ (4)     10,695,200  
      Facilities, Series 1999, 6.000%, 5/15/39 (Pre-refunded 5/15/10)              
7,000     Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds,     7/12 at 100.00     AA–     7,240,660  
      Series 2002A, 5.125%, 1/01/29              
5,000     New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue     6/09 at 101.00     AAA     5,106,950  
      Bonds, Fiscal Series 1999B, 5.000%, 6/15/29 – FSA Insured              
6,000     New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue     6/09 at 101.00     AAA     6,253,440  
      Bonds, Fiscal Series 2000A, 5.500%, 6/15/32 (Pre-refunded 6/15/09) – FGIC Insured              
2,255     New York City Transit Authority, New York, Metropolitan Transportation Authority, Triborough     1/10 at 101.00     AAA     2,382,836  
      Bridge and Tunnel Authority, Certificates of Participation, Series 2000A, 5.750%, 1/01/20              
      (Pre-refunded 1/01/10) – AMBAC Insured              
9,750     New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal     5/10 at 101.00     AAA     10,426,455  
      Series 2000B, 6.000%, 11/15/29 (Pre-refunded 5/15/10)              
9,290     New York City, New York, General Obligation Bonds, Fiscal Series 1997G, 6.000%, 10/15/26     10/07 at 101.00     Aaa (4)     9,425,077  
      (Pre-refunded 10/15/07)              
5,400     New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, Series 79, 5.300%, 4/01/29     3/09 at 101.00     Aa1     5,528,304  
      (Alternative Minimum Tax)              
    New York State Urban Development Corporation, Subordinate Lien Corporate Purpose Refunding              
    Bonds, Series 1996:              
4,490       5.500%, 7/01/26 (Pre-refunded 7/01/08)     7/08 at 100.00     Aaa     4,566,689  
3,055       5.500%, 7/01/26 (Pre-refunded 7/01/08)     7/08 at 100.00     AAA     3,107,179  

67,890     Total New York             70,585,286  

    North Carolina – 3.6% (2.4% of Total Investments)              
18,555     North Carolina Eastern Municipal Power Agency, Power System Revenue Refunding Bonds, Series     1/08 at 100.00     AAA     18,578,190  
      1993B, 5.500%, 1/01/17 – FGIC Insured              

    North Dakota – 2.1% (1.3% of Total Investments)              
10,490     Grand Forks, North Dakota, Sales Tax Revenue Bonds, Aurora Project, Series 1997A, 5.625%,     12/07 at 100.00     AAA     10,562,171  
      12/15/29 (Pre-refunded 12/15/07) – MBIA Insured              

    Ohio – 2.2% (1.4% of Total Investments)              
    Montgomery County, Ohio, Hospital Facilities Revenue Bonds, Kettering Medical Center,              
    Series 1999:              
5,000       6.750%, 4/01/18 (Pre-refunded 4/01/10)     4/10 at 101.00     A (4)     5,409,650  
5,000       6.750%, 4/01/22 (Pre-refunded 4/01/10)     4/10 at 101.00     A (4)     5,409,650  
275     Ohio Housing Finance Agency, GNMA Mortgage-Backed Securities Program Residential Mortgage     8/10 at 100.00     Aaa     283,407  
      Revenue Bonds, Series 2000C, 6.050%, 3/01/32 (Alternative Minimum Tax)              

10,275     Total Ohio             11,102,707  

    Oklahoma – 2.4% (1.6% of Total Investments)              
2,235     Oklahoma Development Finance Authority, Revenue Bonds, St. John Health System, Series 2004,     2/14 at 100.00     AA–     2,264,167  
      5.000%, 2/15/24              
10,000     Tulsa Municipal Airport Trust, Oklahoma, Revenue Refunding Bonds, American Airlines Inc.,     12/08 at 100.00     B     10,042,100  
      Series 2001B, 5.650%, 12/01/35 (Mandatory put 12/01/08) (Alternative Minimum Tax)              

12,235     Total Oklahoma             12,306,267  

    Pennsylvania – 0.0% (0.0% of Total Investments)              
95     Delaware River Port Authority, New Jersey and Pennsylvania, Revenue Bonds, Series 1999,     1/10 at 100.00     AAA     99,101  
      5.750%, 1/01/15 – FSA Insured              

    Puerto Rico – 0.5% (0.3% of Total Investments)              
3,000     Puerto Rico Public Buildings Authority, Guaranteed Government Facilities Revenue Refunding     7/17 at 100.00     AAA     2,563,830  
      Bonds, Series 2002D, 0.000%, 7/01/31 – AMBAC Insured              

    South Carolina – 9.6% (6.3% of Total Investments)              
    Greenville County School District, South Carolina, Installment Purchase Revenue Bonds,              
    Series 2002:              
5,500       6.000%, 12/01/21 (Pre-refunded 12/01/12)     12/12 at 101.00     AA– (4)     6,105,550  
4,500       6.000%, 12/01/21 (Pre-refunded 12/01/12)     12/12 at 101.00     AA– (4)     4,995,450  
3,750     Greenwood County, South Carolina, Hospital Revenue Bonds, Self Memorial Hospital, Series 2001,     10/11 at 100.00     A     3,844,950  
      5.500%, 10/01/31              
2,500     Lexington County Health Service District, South Carolina, Hospital Revenue Refunding and     11/13 at 100.00     A+ (4)     2,750,525  
      Improvement Bonds, Series 2003, 5.750%, 11/01/28 (Pre-refunded 11/01/13)              
2,825     Medical University Hospital Authority, South Carolina, FHA-Insured Mortgage Revenue Bonds,     8/14 at 100.00     AAA     2,983,822  
      Series 2004A, 5.250%, 2/15/22 – MBIA Insured              
21,565     Piedmont Municipal Power Agency, South Carolina, Electric Revenue Bonds, Series 2004A-2,     No Opt. Call     AAA     7,398,089  
      0.000%, 1/01/30 – AMBAC Insured              
1,250     South Carolina Housing Finance and Development Authority, Mortgage Revenue Bonds, Series     6/10 at 100.00     Aaa     1,259,763  
      2000A-2, 6.000%, 7/01/20 – FSA Insured (Alternative Minimum Tax)              
    Tobacco Settlement Revenue Management Authority, South Carolina, Tobacco Settlement              
    Asset-Backed Bonds, Series 2001B:              
11,530       6.000%, 5/15/22     5/11 at 101.00     BBB     12,101,542  
4,000       6.375%, 5/15/28     5/11 at 101.00     BBB     4,225,480  
3,000       6.375%, 5/15/30     No Opt. Call     BBB     3,394,170  

60,420     Total South Carolina             49,059,341  

    South Dakota – 2.1% (1.4% of Total Investments)              
5,550     Sioux Falls, South Dakota, Industrial Revenue Refunding Bonds, Great Plains Hotel Corporation,     10/14 at 100.00     AAA     6,602,669  
      Series 1989, 8.500%, 11/01/16 (Pre-refunded 10/15/14) (Alternative Minimum Tax)              
2,410     South Dakota Education Loans Inc., Revenue Bonds, Subordinate Series 1998-1K, 5.600%, 6/01/20     6/08 at 102.00     A2     2,475,239  
      (Alternative Minimum Tax)              
1,750     South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sioux Valley     11/14 at 100.00     AA–     1,850,450  
      Hospitals, Series 2004A, 5.500%, 11/01/31              

9,710     Total South Dakota             10,928,358  

    Tennessee – 6.7% (4.4% of Total Investments)              
5,000     Knox County Health, Educational and Housing Facilities Board, Tennessee, Hospital Revenue     4/12 at 101.00     Ba2     5,105,900  
      Bonds, Baptist Health System of East Tennessee Inc., Series 2002, 6.500%, 4/15/31              
20,060     Knox County Health, Educational and Housing Facilities Board, Tennessee, Hospital Revenue     1/13 at 80.49     AAA     12,687,749  
      Refunding Bonds, Covenant Health, Series 2002A, 0.000%, 1/01/17 – FSA Insured              
12,500     Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board,     11/09 at 101.00     AAA     13,170,250  
      Tennessee, Revenue Bonds, Ascension Health Credit Group, Series 1999A, 5.875%, 11/15/28              
      (Pre-refunded 11/15/09) – AMBAC Insured              
    Tennessee Housing Development Agency, Homeownership Program Bonds, Series 2000-1:              
1,785       5.750%, 7/01/10 (Alternative Minimum Tax)     No Opt. Call     AA     1,808,419  
1,745       6.000%, 7/01/13 – MBIA Insured (Alternative Minimum Tax)     7/10 at 101.00     AAA     1,768,226  

41,090     Total Tennessee             34,540,544  

    Texas – 16.0% (10.5% of Total Investments)              
5,110     Brazos River Authority, Texas, Pollution Control Revenue Refunding Bonds, TXU Electric     4/13 at 101.00     Baa2     5,729,588  
      Company, Series 1999C, 7.700%, 3/01/32 (Alternative Minimum Tax)              
7,925     Brazos River Authority, Texas, Pollution Control Revenue Refunding Bonds, TXU Electric     No Opt. Call     Baa2     8,050,849  
      Company, Series 2001C, 5.750%, 5/01/36 (Mandatory put 11/01/11) (Alternative Minimum Tax)              
4,500     Brazos River Authority, Texas, Revenue Bonds, Reliant Energy Inc., Series 1999B,     12/08 at 102.00     BBB–     4,695,975  
      7.750%, 12/01/18              
4,080     Central Texas Regional Mobility Authority, Travis and Williamson Counties, Toll Road Revenue     1/15 at 100.00     AAA     4,180,123  
      Bonds, Series 2005, 5.000%, 1/01/35 – FGIC Insured              
5,500     Dallas Area Rapid Transit, Texas, Senior Lien Sales Tax Revenue Bonds, Series 2001, 5.000%,     12/11 at 100.00     AAA     5,753,275  
      12/01/31 (Pre-refunded 12/01/11) – AMBAC Insured              
2,000     Ennis Independent School District, Ellis County, Texas, General Obligation Bonds, Series 2006,     8/16 at 54.64     Aaa     694,460  
      0.000%, 8/15/28              
1,550     Gulf Coast Waste Disposal Authority, Texas, Waste Disposal Revenue Bonds, Valero Energy     4/11 at 101.00     BBB     1,646,178  
      Corporation, Series 2001, 6.650%, 4/01/32 (Alternative Minimum Tax)              
5,000     Houston Community College, Texas, Limited Tax General Obligation Bonds, Series 2003, 5.000%,     2/13 at 100.00     AAA     5,153,400  
      2/15/26 – AMBAC Insured              
4,590     Houston, Texas, Subordinate Lien Airport System Revenue Bonds, Series 2000A, 5.625%, 7/01/30 –     7/10 at 100.00     AAA     4,746,611  
      FSA Insured (Alternative Minimum Tax)              
5,000     Katy Independent School District, Harris, Fort Bend and Waller Counties, Texas, General     2/12 at 100.00     AAA     5,234,100  
      Obligation Bonds, Series 2002A, 5.000%, 2/15/27 (Pre-refunded 2/15/12)              
9,000     Matagorda County Navigation District 1, Texas, Collateralized Revenue Refunding Bonds, Houston     No Opt. Call     AAA     9,478,800  
      Light and Power Company, Series 1997, 5.125%, 11/01/28 – AMBAC Insured (Alternative              
      Minimum Tax)              
775     Panhandle Regional Housing Finance Corporation, Texas, GNMA Mortgage-Backed Securities Program     11/07 at 100.00     AAA     785,292  
      Single Family Mortgage Revenue Bonds, Series 1991A, 7.500%, 5/01/24 (Alternative Minimum Tax)              
4,700     Sam Rayburn Municipal Power Agency, Texas, Power Supply System Revenue Refunding Bonds, Series     10/12 at 100.00     Baa2     4,916,764  
      2002A, 6.000%, 10/01/21              
5,500     Spring Independent School District, Harris County, Texas, Unlimited Tax Schoolhouse Bonds,     8/11 at 100.00     AAA     5,607,525  
      Series 2001, 5.000%, 8/15/26              
2,920     Tarrant County Cultural and Education Facilities Financing Corporation, Texas, Revenue Bonds,     11/17 at 100.00     AA–     2,868,199  
      Tarrant County Health Resources, Series 2007B, Residuals 1830, 7.187%, 11/15/47 (IF)              
4,520     Texas, General Obligation Bonds, Water Financial Assistance, State Participation Program,     8/09 at 100.00     Aa1     4,645,566  
      Series 1999C, 5.500%, 8/01/35              
    White Settlement Independent School District, Tarrant County, Texas, General Obligation Bonds,              
    Series 2006:              
9,110       0.000%, 8/15/36     8/15 at 33.75     AAA     2,062,231  
9,110       0.000%, 8/15/41     8/15 at 25.73     AAA     1,570,928  
7,110       0.000%, 8/15/45     8/15 at 20.76     AAA     986,015  
2,375     Winter Garden Housing Finance Corporation, Texas, GNMA/FNMA Mortgage-Backed Securities Program     10/07 at 100.00     AAA     2,402,265  
      Single Family Mortgage Revenue Bonds, Series 1994, 6.950%, 10/01/27 (Alternative Minimum Tax)              
2,000     Wylie Independent School District, Taylor County, Texas, General Obligation Bonds, Series     8/15 at 57.10     AAA     773,200  
      2005, 0.000%, 8/15/26              

102,375     Total Texas             81,981,344  

    Utah – 3.9% (2.5% of Total Investments)              
3,565     Utah Associated Municipal Power Systems, Revenue Bonds, Payson Power Project, Series 2003A,     4/13 at 100.00     AAA     3,686,923  
      5.000%, 4/01/24 – FSA Insured              
16,050     Utah County, Utah, Hospital Revenue Bonds, IHC Health Services Inc., Series 1997, 5.250%,     10/07 at 101.00     AAA     16,229,118  
      8/15/26 – MBIA Insured (ETM)              

19,615     Total Utah             19,916,041  

    Vermont – 2.0% (1.3% of Total Investments)              
    Vermont Educational and Health Buildings Financing Agency, Revenue Bonds, Fletcher Allen              
    Health Care Inc., Series 2000A:              
3,720       6.125%, 12/01/15 – AMBAC Insured     12/10 at 101.00     AAA     4,013,210  
4,265       6.250%, 12/01/16 – AMBAC Insured     12/10 at 101.00     AAA     4,594,770  
1,395     Vermont Housing Finance Agency, Single Family Housing Bonds, Series 2000-13A, 5.950%,     11/09 at 100.00     AAA     1,405,979  
      11/01/25 – FSA Insured (Alternative Minimum Tax)              

9,380     Total Vermont             10,013,959  

    Washington – 3.3% (2.2% of Total Investments)              
8,810     Chelan County Public Utility District 1, Washington, Hydro Consolidated System Revenue Bonds,     7/11 at 101.00     AAA     9,275,080  
      Series 2001A, 5.600%, 1/01/36 – MBIA Insured (Alternative Minimum Tax)              
7,225     Port of Seattle, Washington, Special Facility Revenue Bonds, Terminal 18, Series 1999B,     3/10 at 101.00     AAA     7,591,235  
      6.000%, 9/01/20 – MBIA Insured (Alternative Minimum Tax)              

16,035     Total Washington             16,866,315  

    West Virginia – 1.0% (0.6% of Total Investments)              
5,000     Mason County, West Virginia, Pollution Control Revenue Bonds, Appalachian Power Company,     10/11 at 100.00     BBB     5,076,650  
      Series 2003L, 5.500%, 10/01/22              

    Wisconsin – 3.1% (2.0% of Total Investments)              
7,965     Badger Tobacco Asset Securitization Corporation, Wisconsin, Tobacco Settlement Asset-Backed     6/12 at 100.00     BBB     8,315,380  
      Bonds, Series 2002, 6.125%, 6/01/27              
5,000     Madison, Wisconsin, Industrial Development Revenue Refunding Bonds, Madison Gas and Electric     4/12 at 100.00     AA–     5,288,500  
      Company Projects, Series 2002A, 5.875%, 10/01/34 (Alternative Minimum Tax)              
2,100     Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Wheaton Franciscan     8/13 at 100.00     A–     2,044,035  
      Services Inc., Series 2003A, 5.125%, 8/15/33              

15,065     Total Wisconsin             15,647,915  

$      913,530     Total Investments (cost $743,073,078) – 153.0%             783,616,765  


    Floating Rate Obligations – (1.3)%             (6,665,000)  

    Other Assets Less Liabilities – 2.8%             14,266,143  

    Preferred Shares, at Liquidation Value – (54.5)%             (279,000,000)  

    Net Assets Applicable to Common Shares – 100%            $   512,217,908  



    The Fund may invest in “zero coupon” securities. A zero coupon security does not pay a regular interest  
    coupon to its holders during the life of the security. Tax-exempt income to the holder of the security comes  
    from accretion of the difference between the original purchase price of the security at issuance and the par  
    value of the security at maturity and is effectively paid at maturity. Such securities are included in the  
    portfolio with a 0.00% coupon rate in their description. The market prices of zero coupon securities  
    generally are more volatile than the market prices of securities that pay interest periodically.  
(1)     All percentages shown in the Portfolio of Investments are based on net assets applicable to Common  
    shares unless otherwise noted.  
(2)     Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption.  
    There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities  
    may be subject to periodic principal paydowns.  
(3)     Ratings: Using the higher of Standard & Poor’s or Moody’s rating. Ratings below BBB by Standard &  
    Poor’s Group or Baa by Moody’s Investor Service, Inc. are considered to be below investment grade.  
(4)     Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency  
    securities which ensure the timely payment of principal and interest. Such investments are normally  
    considered to be equivalent to AAA rated securities.  
N/R     Not rated.  
(ETM)     Escrowed to maturity.  
(IF)     Inverse floating rate investment.  
(UB)     Underlying bond of an inverse floating rate trust reflected as a financing transaction pursuant to the  
    provisions of SFAS No. 140.  

Income Tax Information

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to the treatment of paydown gains and losses, timing differences in recognizing taxable market discount, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate transactions subject to SFAS No. 140.

At July 31, 2007, the cost of investments was $735,804,326.

Gross unrealized appreciation and gross unrealized depreciation of investments at July 31, 2007, were as follows:


Gross unrealized:      
  Appreciation     $41,933,852  
  Depreciation     (786,334)  

Net unrealized appreciation (depreciation) of investments     $41,147,518  



Item 2. Controls and Procedures.

  1. The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).
  2. There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.

Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: EX-99 CERT Attached hereto.


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.

(Registrant)         Nuveen Select Quality Municipal Fund, Inc.         

By (Signature and Title)*          /s/ Kevin J. McCarthy                    
                                                    Kevin J. McCarthy
                                                    Vice President and Secretary

Date          September 28, 2007        

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 (Signature and Title)*         /s/ Gifford R. Zimmerman                    
                                                   Gifford R. Zimmerman
                                                   Chief Administrative Officer (principal executive officer) 

Date          September 28, 2007        

By (Signature and Title)*         /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                   Vice President and Controller (principal financial officer) 

Date         September 28, 2007        

* Print the name and title of each signing officer under his or her signature.

Nuveen Select Quality Municipal Fund, Inc. (NYSE:NQS)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Nuveen Select Quality Municipal Fund, Inc. Charts.
Nuveen Select Quality Municipal Fund, Inc. (NYSE:NQS)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Nuveen Select Quality Municipal Fund, Inc. Charts.