Report of Independent Registered Public Accounting Firm
To the Board of Directors
Dreyfus Strategic Municipal Bond Fund, Inc.
We have examined management's assertion, included
in the accompanying Management Statement Regarding
Compliance with Certain Provisions of the Investment
Company Act of 1940 that
Dreyfus Strategic Municipal Bond Fund, Inc.
(the "Company") complied with the requirements of
subsections (b) and (c) of Rule 17f-2 under the Investment
Company Act of 1940 ("the Act") as of July 31, 2009
Management is responsible for the Company's compliance
with those requirements. Our responsibility is to express
opinion on management's assertion about the Company's
compliance based on our examination.
Our examination was made in accordance with the
standards of the Public Company Accounting
Oversight Board (United States) and, accordingly, included
examining, on a test basis, evidence about the Company's
compliance with those requirements and performing such
other procedures as we considered necessary in the
circumstances. Included among our procedures were the
following tests performed as of July 31, 2009,
and with respect to agreement of security and similar
investment purchases and sales, for the period from
June 30, 2008 (the date of our last examination) through
July 31, 2009;
Count and inspection of all securities and similar
investments located in the vault of The Bank of New York
Mellon in New York and London, without prior notice
to management if applicable;
Confirmation of all securities and similar investments
held by institutions in book entry form (i.e., the Federal
Reserve Bank of Boston, the Depository Trust Company
and various sub-custodians);
Reconciliation of all such securities and investments
to the books and records of the Company and
The Bank of New York Mellon;
Confirmation of all securities hypothecated, pledged, placed
in escrow, or out for transfer with brokers, pledges, transfer
agents or securities lending administrators;
Confirmation of all repurchase agreements, if any, with
brokers/banks and agreement of underlying collateral with
The Bank of New York Mellon's records or to
documentation of corresponding subsequent cash receipts;
Agreement of pending purchase activity as of
July 31, 2009 to documentation of subsequent
cash payments.
Agreement of Dreyfus Family of Funds' trade tickets for
5 security purchases and 5 security sales or maturities
for the period from July 1, 2009 through
July 31, 2009, to the books and records of the Funds
noting that they had been accurately recorded and
subsequently settled;
We believe that our examination provides a reasonable
basis for our opinion. Our examination does not provide
a legal determination on the Company's compliance with
specified requirements.
In our opinion, management's assertion that
Dreyfus Strategic Municipal Bond Fund, Inc.
complied with the requirements of subsections (b) and (c) of
Rule 17f-2 of the Investment Company Act of 1940 as of
July 31, 2009 with respect to securities and similar
investments reflected in the investment account of the
Company is fairly stated, in all material respects.
This report is intended solely for the information and use of
management and the Board of Directors of
Dreyfus Strategic Municipal Bond Fund, Inc.
and the Securities and Exchange Commission and is not
intended to be and should not be
used by anyone other than these specified parties.
/s/ERNST & YOUNG LLP
New York, New York
October 29, 2009
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-17f-2
Certificate of Accounting or Securities and Similar
Investments in the Custody of
Management Investment Companies
Pursuant to Rule 17f-2 [17 CRF 270.17f-2]
1. Investment Company Act File Date examination
Number: completed:
811- 5877 October 29, 2009
2. State Identification Number:
AL AK AZ AR CA CO
CT DE DC FL GA HI
ID IL IN IA KS KY
LA ME MD MA MI MN
MS MO MI NE NV NH
NJ NM NY NC ND OH
OK OR PA RI SC SD
TN TX UT VT VA WA
WV WI WY PUERTO
RICO
Other
Specify:
3. Exact name of investment company as specified in
registration statement:
4. Address of principal executive office: (number,
street, city, state, zip code) 200 Park Avenue,
55th Floor , New York, NY 10166
INSTRUCTIONS
The Form must be completed by investment
companies that have custody of securities or
similar investments
Investment Company
1. All items must be completed by the investment
company.
2. Give this Form to the independent public
accountant who, in compliance with Rule 17f-2
under the Act and applicable state law, examine
securities and similar investments in the custody
of the investment company.
Accountant
3. Submit this Form to the Securities and Exchange
Commission and appropriate state securities
administrators when filing the certificate of
accounting required by Rule 17f-2 under the
Act and applicable state law. File the original
and one copy with the Securities and Exchange
Commissions's principal office in Washington
D.C., one copy with the regional office for the
region in which the investment company's
principal business operations are conducted,
and one copy with the appropriate state
administrator(s), if applicable.
THIS FORM MUST BE GIVEN TO YOUR
INDEPENDENT PUBLIC ACCOUNTANT
Management Statement Regarding Compliance with
Certain Provisions
of the Investment Company Act of 1940
We, as members of management of
Dreyfus Strategic Municipal Bond Fund, Inc.
(the "Company"), are responsible for complying with the
requirements of subsections (b) and (c) of Rule 17f-2,
"Custody of Investments by Registered Management
Investment Companies," of the Investment Company
Act of 1940. We are also responsible for establishing
and maintaining effective internal controls over compliance
with those requirements. We have performed an
evaluation of the Company's compliance with the
requirements of subsections (b) and (c) of Rule 17f-2
as of July 31, 2009, and from June 30, 2008
through July 31, 2009.
Based on this evaluation, we assert that the Company
was in compliance with the requirements of subsections
(b) and (c) of Rule 17f-2 of the Investment Company
Act of 1940 as of July 31, 2009 and from
June 30, 2008 through July 31, 2009
with respect to securities and similar investments
reflected in the investment account of the Company.
Dreyfus Strategic Municipal Bond Fund, Inc.
By:
/s/Jim Windels
Jim Windels,
Treasurer
The Dreyfus Corporation