<DOCUMENT>
<TYPE>EX-99.POA
<SEQUENCE>2
<FILENAME>poa.txt
<DESCRIPTION>POWER OF ATTORNEY
<TEXT>
POWER OF ATTORNEY

       Know all by these  presents,  that the undersigned
hereby  constitutes and appoints John D. Martini,
Kerry Halpern, Cory A. Thomas, Lauren E. Sawyer,
George F. Magera, or Edward C. Bartley, or any of them,
the undersigned's true and lawful attorneys-in-fact to:

       (1)  execute  for and on behalf of the
undersigned, in the undersigned's capacity as an officer
and/or  director  of  Federated  Investors,  Inc.  (the
"Company"),  Forms 3, 4 and 5 in accordance with Section
16(a) of the Securities Exchange Act of 1934 and the rules
thereunder;

       (2) do and  perform  any and all acts for and on
behalf of the  undersigned which may be  necessary  or
desirable to complete and execute any such Form 3, 4 or 5
and timely file such form with the United States Securities
and Exchange Commission and any stock exchange or similar
authority; and

       (3) take any other action of any type  whatsoever
in  connection  with the foregoing which, in the opinion
of such attorneys-in-fact, may be of benefit to, in the best
interest  of, or legally  required  by, the  undersigned, it
being understood that the documents executed by such
attorney-in-fact on behalf of the undersigned  pursuant to
this Power of Attorney  shall be in such form and shall
contain such terms and conditions as such  attorney-in-fact
may approve in such attorney-in-fact's discretion.

       The undersigned hereby grants to such attorneys-in-fact
full power and authority to do and perform any and every act
and thing  whatsoever  requisite, necessary  or proper to be
done in the  exercise of any of the rights and powers herein
granted, as fully to all intents and purposes as the
undersigned might or could do if personally present,
with full power of substitution or revocation, hereby
ratifying  and  confirming all that such attorneys-in-fact,
or such attorneys-in-fact's substitute or substitutes,
shall lawfully do or cause to be done by virtue of this
power of  attorney  and the rights and powers herein granted.
The undersigned acknowledges that the foregoing
attorneys-in-fact, in serving in such capacity at the request
of the undersigned, is not assuming, nor is the Company
assuming,  any of the undersigned's  responsibilities to
comply with Section 16 of the Securities Exchange Act of
1934, as amended.

       This Power of  Attorney  shall  remain in full  force
and effect  until the undersigned is no longer  required to
file Forms 3, 4 and 5 with respect to the undersigned's
holdings of and transactions in securities issued by the
Company, unless earlier revoked by the  undersigned in a
signed writing delivered to the foregoing attorneys-in-fact.

       IN WITNESS WHEREOF, the undersigned has caused this
Power of Attorney to be executed as of this 24th day of
October, 2017.

                                          Executed

                                          /s/Peter J. Germain
                                          Signature

                                          Peter J. Germain
                                          Print Name
</TEXT>
</DOCUMENT>
