Exhibit 10.74

FIRST AMENDMENT TO
AMENDED AND RESTATED CREDIT AGREEMENT
THIS FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this
"Amendment"), is made and entered into on December 31, 2013, to be effective as
of the First Amendment Effective Date (as defined below), by and among FEDERATED
INVESTORS, INC., a Pennsylvania corporation (the "Borrower"), each of the
GUARANTORS (as defined below) party hereto, the LENDERS (as defined below) party
hereto, and PNC BANK, NATIONAL ASSOCIATION, as administrative agent for the
Lenders (the "Administrative Agent").
WITNESSETH:
WHEREAS, reference is made to that certain Amended And Restated Credit
Agreement, dated as of June 10, 2011, by and among Borrower, each of the
Guarantors (as defined therein), the Lenders (as defined therein), and the
Administrative Agent (the "Credit Agreement"); and
WHEREAS, the Borrower has requested an amendment of, and the Lenders and the
Administrative Agent have agreed to amend, the Credit Agreement as hereinafter
provided.
NOW, THEREFORE, the parties hereto, in consideration of their mutual covenants
and agreements hereinafter set forth and intending to be legally bound hereby,
covenant and agree as follows:
1.Definitions. Defined terms used herein unless otherwise defined herein shall
have the meanings ascribed to them in the Credit Agreement as amended by this
Amendment.

2.Amendment of Credit Agreement.

(a)Section 8.2.3 [Guaranties] of the Credit Agreement is hereby amended and
restated in its entirety to read as follows:
"8.2.3    Guaranties.
Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries
to, at any time, directly or indirectly, become or be liable in respect of any
Guaranty, or assume, guarantee, become surety for, endorse or otherwise agree,
become or remain directly or contingently liable upon or with respect to any
obligation or liability of any other Person, except for (i) Guaranties of
Indebtedness of the Loan Parties and the Subsidiaries of the Loan Parties
permitted under Section 8.2.1 [Indebtedness], (ii) the guarantee by the Loan
Parties of obligations of other Loan Parties or Subsidiaries of the Loan Parties
(other than any Subsidiary which is not wholly owned by the Loan Parties) to
third parties, which obligations are incurred in the ordinary course of such
Loan Parties' and the Subsidiaries' business consistent with industry practice
and not otherwise forbidden by this Agreement; provided that, except for Limited
Investments, in no event shall the Loan Party or any Subsidiary of any Loan
Party become or be liable in respect of any Guaranty, or assume, guarantee,
become surety for, endorse or otherwise agree, become or remain directly or
contingently liable upon or with respect to any obligation or liability of the
Special Purpose Subsidiaries, and (iii) the guarantee by the Loan Parties of
Indebtedness of Subsidiaries which are not wholly owned by a Loan Party or
Indebtedness of other Persons provided that the aggregate amount of Indebtedness
that is guaranteed by all of the Loan Parties pursuant to this clause (iii)
shall not exceed, at any one time, $25,000,000."

3.Conditions of Effectiveness. The effectiveness of this Amendment is expressly
conditioned upon satisfaction of each of the following conditions precedent:

(a)Representations and Warranties. By execution and delivery of this Amendment
to the Administrative Agent, each of the Loan Parties certifies that, as of the
date hereof, after giving effect to this Amendment: (i) the representations and
warranties of each of the Loan Parties contained in Section 6.1

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[Representations and Warranties] of the Credit Agreement and in each of the
other Loan Documents are true and correct in all material respects on and as of
the date hereof and the First Amendment Effective Date with the same effect as
though such representations and warranties had been made on and as of each such
date (except representations and warranties which relate solely to an earlier
date or time, which representations and warranties were true and correct on and
as of the specific dates or times referred to therein), and (ii) no Event of
Default or Potential Default has occurred and is continuing or exists.

(b)Fees and Expenses. The Loan Parties shall pay to the Administrative Agent the
reasonable fees, charges and disbursements of outside counsel for the
Administrative Agent incurred by the Administrative Agent in connection with the
drafting of this Amendment.

(c)Legal Details; Counterparts. All legal details and proceedings in connection
with the transactions contemplated by this Amendment shall be in form and
substance satisfactory to the Administrative Agent, the Administrative Agent
shall have received all such executed originals, other counterpart originals or
certified or other copies of such documents and proceedings in connection with
such transactions, in form and substance satisfactory to the Administrative
Agent.

4.Force and Effect; No Novation. Each of the Loan Parties reconfirms and
ratifies the Credit Agreement and each other Loan Document to which it is a
party, except to the extent any such documents are expressly modified by this
Amendment, and each of the Loan Parties confirms that all such documents have
remained in full force and effect since the date of their execution. This
Amendment amends the Credit Agreement but is not intended to constitute, nor
does it constitute, an interruption, suspension of continuity, satisfaction,
discharge of prior duties, novation, indebtedness, loans, liabilities, expenses
or obligations under the Credit Agreement. The Loan Parties, the Administrative
Agent and the Lenders acknowledge and agree that this Amendment and the other
Loan Documents are entitled to all rights and benefits originally pertaining to
the Credit Agreement and the other Loan Documents.

5.Effective Date. This Amendment shall be binding, effective and enforceable
upon the date of (i) satisfaction of all conditions set forth in Section 3
hereof and (ii) receipt by the Administrative Agent of duly executed original
counterparts of this Amendment from each of the Loan Parties and the Required
Lenders (the "First Amendment Effective Date"), and from and after the First
Amendment Effective Date, this Amendment shall be binding upon each of the Loan
Parties and the Lenders, and their respective successors and assigns permitted
by the Credit Agreement.

6.Governing Law. This Amendment shall be deemed to be a contract under the laws
of the Commonwealth of Pennsylvania and for all purposes shall be governed by
and construed and enforced in accordance with the internal laws of the
Commonwealth of Pennsylvania without regard to its conflict of laws principles.

7.Counterparts. This Amendment may be signed in any number of counterparts each
of which shall be deemed an original, but all of which together shall constitute
one and the same instrument.

[SIGNATURES BEGIN ON NEXT PAGE]

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[SIGNATURE PAGE TO FIRST AMENDMENT TO
AMENDED AND RESTATED CREDIT AGREEMENT]
IN WITNESS WHEREOF, the parties hereto, by their officers thereunto duly
authorized, have executed this Agreement as of the day and year first above
written.

BORROWER:
FEDERATED INVESTORS, INC.
By:    / s / Richard A. Novak    
Name: Richard A. Novak
Title: Assistant Treasurer    

GUARANTORS:
FEDERATED ADMINISTRATIVE SERVICES
FEDERATED ADMINISTRATIVE SERVICES, INC.
FEDERATED INVESTORS MANAGEMENT COMPANY
FEDERATED SERVICES COMPANY
FEDERATED SHAREHOLDER SERVICES COMPANY
FII HOLDINGS, INC.
FEDERATED PRIVATE ASSET MANAGEMENT, INC.
FEDERATED MDTA TRUST
HBSS ACQUISITION CO.
FEDERATED MDTA LLC
SOUTHPOINTE DISTRIBUTION SERVICES INC.
FEDERATED GLOBAL HOLDINGS LLC

By:    / s / Richard A. Novak    
Name: Richard A. Novak    
Title: Treasurer of each of the above listed
Guarantors    

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[SIGNATURE PAGE TO FIRST AMENDMENT TO
AMENDED AND RESTATED CREDIT AGREEMENT]

FEDERATED INVESTMENT MANAGEMENT COMPANY
FEDERATED GLOBAL INVESTMENT MANAGEMENT CORP.
FEDERATED INVESTMENT COUNSELING
RETIREMENT PLAN SERVICE COMPANY OF AMERICA
FEDERATED ADVISORY SERVICES COMPANY
FEDERATED EQUITY MANAGEMENT COMPANY OF PENNSYLVANIA

By:    / s / Richard A. Novak    
Name: Richard A. Novak    
Title: Assistant Treasurer of each of the above listed
Guarantors

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[SIGNATURE PAGE TO FIRST AMENDMENT TO
AMENDED AND RESTATED CREDIT AGREEMENT]
LENDERS:
PNC BANK, NATIONAL ASSOCIATION,
individually and as Administrative Agent

By:    / s / Cara Gentile    
Name: Cara Gentile
Title: Senior Vice President    

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[SIGNATURE PAGE TO FIRST AMENDMENT TO
AMENDED AND RESTATED CREDIT AGREEMENT]
BANK OF AMERICA, NA
    
By:    / s / Michael Ugliarolo    
Name: Michael Ugliarolo
Title: Assistant Vice President

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[SIGNATURE PAGE TO FIRST AMENDMENT TO
AMENDED AND RESTATED CREDIT AGREEMENT]
THE HUNTINGTON NATIONAL BANK

By:    / s / Michael Kiss    
Name: Michael Kiss
Title: Vice President

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[SIGNATURE PAGE TO FIRST AMENDMENT TO
AMENDED AND RESTATED CREDIT AGREEMENT]
STATE STREET BANK AND TRUST COMPANY
    
By:    / s / James H. Reichert    
Name: James H. Reichert
Title: Vice President

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[SIGNATURE PAGE TO FIRST AMENDMENT TO
AMENDED AND RESTATED CREDIT AGREEMENT]
CITIZENS BANK OF PENNSYLVANIA
    
By:    / s / Debra L. McAllonis    
Name: Debra L. McAllonis
Title: Senior Vice President

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[SIGNATURE PAGE TO FIRST AMENDMENT TO
AMENDED AND RESTATED CREDIT AGREEMENT]
TD BANK, N.A.
    
By:    / s / Mark Hogan    
Name: Mark Hogan
Title: Senior Vice President

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[SIGNATURE PAGE TO FIRST AMENDMENT TO
AMENDED AND RESTATED CREDIT AGREEMENT]
UMB BANK, N.A.
    
By:    / s / David A. Proffitt    
Name: David A. Proffitt
Title: Senior Vice President

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[SIGNATURE PAGE TO FIRST AMENDMENT TO
AMENDED AND RESTATED CREDIT AGREEMENT]
THE BANK OF NEW YORK MELLON
    
By:    / s / Kenneth P. Sneider, Jr.    
Name: Kenneth P. Sneider, Jr.
Title: Managing Director

    

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[SIGNATURE PAGE TO FIRST AMENDMENT TO
AMENDED AND RESTATED CREDIT AGREEMENT]
SCOTIABANC INC.
    
By:    / s / J. F. Todd    
Name: J. F. Todd
Title: Managing Director

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[SIGNATURE PAGE TO FIRST AMENDMENT TO
AMENDED AND RESTATED CREDIT AGREEMENT]
WELLS FARGO BANK, N.A.
    
By:    / s / Michelle S. Dagenhart    
Name: Michelle S. Dagenhart
Title: Vice President, Portfolio Manager

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[SIGNATURE PAGE TO FIRST AMENDMENT TO
AMENDED AND RESTATED CREDIT AGREEMENT]
FIRST NIAGARA BANK
    
By:    / s / Ken Jamison    
Name: Ken Jamison
Title: Managing Director

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[SIGNATURE PAGE TO FIRST AMENDMENT TO
AMENDED AND RESTATED CREDIT AGREEMENT]
CHANG HWA COMMERCIAL BANK, LTD.,
LOS ANGELES BRANCH
    
By:    / s / Kang Yang    
Name: Kang Yang
Title: Vice President & General Manager

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[SIGNATURE PAGE TO FIRST AMENDMENT TO
AMENDED AND RESTATED CREDIT AGREEMENT]
WASHINGTON FINANCIAL BANK
    
By:    / s / Anthony M. Cardone    
Name: Anthony M. Cardone
Title: Vice President