Edgar Filing: DREYFUS STRATEGIC MUNICIPALS INC

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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			811-05245

	Dreyfus Strategic Municipals, Inc.
	(Exact name of Registrant as specified in charter)

	c/o The Dreyfus Corporation 200 Park Avenue New York, New York 10166
	(Address of principal executive offices) (Zip code)

	Bennett A. MacDougall, Esq. 200 Park Avenue New York, New York 10166
	(Name and address of agent for service)

Registrant's telephone number, including area code:				(212) 922-6400

Date of fiscal year end:		09/30
Date of reporting period:		12/31/17

FORM N-Q

Item 1. Schedule of Investments.

STATEMENT OF INVESTMENTS
Dreyfus Strategic Municipals, Inc.
December 31, 2017 (Unaudited)


	Coupon	Maturity	Principal
Description	Rate (%)	Date	Amount ($)		Value ($)
Long-Term Municipal Investments - 157.9%
Alabama - 3.1%
Birmingham Special Care Facilities
Financing Authority,
Improvement Revenue (Methodist
Home for the Aging)	5.75	6/1/45	5,000,000		5,562,900
Birmingham Special Care Facilities
Financing Authority,
Improvement Revenue (Methodist
Home for the Aging)	6.00	6/1/50	1,000,000		1,126,400
Jefferson County,
Sewer Revenue Warrants	0/7.90	10/1/50	2,500,000	^a	2,092,025
Lower Alabama Gas District,
Gas Project Revenue	5.00	9/1/46	6,000,000		7,841,040
					16,622,365
Alaska - 2.0%
Northern Tobacco Securitization
Corporation of Alaska,
Tobacco Settlement Asset-Backed
Bonds	5.00	6/1/46	11,190,000		10,875,337
Arizona - 6.5%
Arizona Housing Finance Authority,
SFMR (Mortgage-Backed Securities
Program) (Collateralized: FHLMC,
FNMA and GNMA)	5.55	12/1/41	1,060,000		1,068,989
Arizona Industrial Development
Authority,
Education Revenue, Refunding (Basis
School Projects)	5.00	7/1/51	1,380,000	^b	1,441,520
Maricopa County Industrial Development
Authority,
Education Revenue (Paradise Schools
Projects)	5.00	7/1/47	1,000,000	^b	1,042,140
Phoenix Industrial Development
Authority,
Education Facility Revenue (BASIS
Schools Projects)	5.00	7/1/35	2,360,000	^b	2,483,404
Phoenix Industrial Development
Authority,
Education Facility Revenue (BASIS
Schools Projects)	5.00	7/1/46	2,000,000	^b	2,087,580
Pima County Industrial Development
Authority,
Education Revenue (American
Leadership Academy Project)	5.00	6/15/47	4,240,000	^b	4,253,314

STATEMENT OF INVESTMENTS (Unaudited) (continued)


	Coupon	Maturity	Principal
Description	Rate (%)	Date	Amount ($)		Value ($)
Long-Term Municipal Investments - 157.9% (continued)
Arizona - 6.5% (continued)
Salt Verde Financial Corporation,
Senior Gas Revenue	5.00	12/1/37	4,030,000		5,051,041
Tender Option Bond Trust Receipts
(Series 2016-XM0447), 1/1/38,
(Salt River Project Agricultural
Improvement and Power District, Salt
River Project Electric System Revenue)
Recourse	5.00	1/1/38	17,207,871	^b,c	17,207,871
					34,635,859
California - 16.2%
California,
GO (Various Purpose)	5.75	4/1/31	10,800,000		11,356,632
California,
GO (Various Purpose)	6.50	4/1/33	10,000,000		10,625,400
California,
GO (Various Purpose)	6.00	11/1/35	7,500,000		8,110,350
California Statewide Communities
Development Authority,
Revenue (Bentley School)	7.00	7/1/40	2,090,000		2,314,759
Sacramento County,
Airport System Subordinate and
Passenger Facility Charges Grant
Revenue	6.00	7/1/35	6,250,000		6,388,312
San Buenaventura,
Revenue (Community Memorial Health
System)	7.50	12/1/41	2,000,000		2,289,940
San Francisco City and County
Redevelopment Agency Community
Facilities District Number 6,
Special Tax Revenue (Mission Bay
South Public Improvements)	5.00	8/1/23	1,000,000		1,130,130
Tender Option Bond Trust Receipts
(Series 2016-XM0369), 10/1/39,
(California Educational Facilities
Authority, Revenue (University of
Southern California)) Non-recourse	5.25	4/1/18	10,100,000	^b,c	10,385,880
Tender Option Bond Trust Receipts
(Series 2016-XM0379), 7/1/43,
(Los Angeles Department of Water and
Power, Water System Revenue) Non-
recourse	5.00	7/1/20	5,000,000	^b,c	5,614,800
Tender Option Bond Trust Receipts
(Series 2016-XM0434), 5/15/38,
(The Regents of the University of
California, General Revenue) Recourse	5.00	5/15/38	10,000,000	^b,c	11,396,100
Tender Option Bond Trust Receipts
(Series 2016-XM0440), 5/15/31,
(Los Angeles Department of Airports,
Senior Revenue (Los Angeles
International Airport)) Recourse	5.00	5/15/31	5,247,500	^b,c	5,629,333


	Coupon	Maturity	Principal
Description	Rate (%)	Date	Amount ($)		Value ($)
Long-Term Municipal Investments - 157.9% (continued)
California - 16.2% (continued)
Tobacco Securitization Authority of
Southern California,
Tobacco Settlement Asset-Backed
Bonds (San Diego County Tobacco
Asset Securitization Corporation)	5.00	6/1/37	7,300,000		7,316,717
Tuolumne Wind Project Authority,
Revenue (Tuolumne Company Project)
(Prerefunded)	5.88	1/1/19	3,500,000	^d	3,655,190
					86,213,543
Colorado - 4.8%
Colorado Educational and Cultural
Facilities Authority,
Charter School Revenue (American
Academy Project) (Prerefunded)	8.00	12/1/18	3,500,000	^d	3,772,055
Dominion Water and Sanitation District,
Tap Fee Revenue	6.00	12/1/46	2,000,000		2,095,960
Tender Option Bond Trust Receipts
(Series 2016-XM0385), 3/1/38,
(Board of Governors of the Colorado
State University, System Enterprise
Revenue) Non-recourse	5.00	3/1/20	7,500,000	^b,c	8,462,400
Tender Option Bond Trust Receipts
(Series 2016-XM0433), 11/15/43,
(Colorado Springs, Utilities System
Improvement Revenue) Recourse	5.00	11/15/43	9,750,000	^b,c	11,143,372
					25,473,787
Connecticut - 1.0%
Connecticut Health and Educational
Facilities Authority,
Revenue (Trinity Health Credit Group)	5.00	12/1/45	2,500,000		2,881,700
Harbor Point Infrastructure Improvement
District,
Special Obligation Revenue, Refunding
(Harbor Point Project)	5.00	4/1/39	2,000,000	^b	2,203,520
					5,085,220
District of Columbia - 5.3%
District of Columbia Tobacco Settlement
Financing Corporation,
Tobacco Settlement Asset-Backed
Bonds	0.00	6/15/46	38,500,000	^e	5,604,060
Tender Option Bond Trust Receipts
(Series 2016-XM0437), 12/1/35,
(District of Columbia, Income Tax
Secured Revenue) Recourse	5.00	12/1/35	19,997,609	^b,c	22,538,509
					28,142,569
Florida - 7.0%
Cape Coral Health Facilities Authority,
Senior Housing Revenue (Gulf Care, Inc.
Project)	5.88	7/1/40	1,600,000	^b	1,737,584

STATEMENT OF INVESTMENTS (Unaudited) (continued)


	Coupon	Maturity	Principal
Description	Rate (%)	Date	Amount ($)		Value ($)
Long-Term Municipal Investments - 157.9% (continued)
Florida - 7.0% (continued)
Clearwater,
Water and Sewer Revenue
(Prerefunded)	5.25	12/1/19	5,000,000	^d	5,341,100
Florida Development Finance
Corporation,
Educational Facilities Revenue (Miami
Arts Charter School Project)	6.00	6/15/44	5,000,000	^b	4,845,350
Greater Orlando Aviation Authority,
Airport Facilities Revenue	6.25	10/1/20	8,000,000		8,618,480
Miami-Dade County,
Subordinate Special Obligation
Revenue	0.00	10/1/45	3,000,000	^e	1,010,730
Mid-Bay Bridge Authority,
Springing Lien Revenue (Prerefunded)	7.25	10/1/21	6,000,000	^d	7,157,040
Saint Johns County Industrial
Development Authority,
Revenue (Presbyterian Retirement
Communities Project) (Prerefunded)	6.00	8/1/20	6,500,000	^d	7,198,425
Village Community Development District
Number 10,
Special Assessment Revenue	6.00	5/1/44	1,000,000		1,178,450
					37,087,159
Georgia - 5.1%
Atlanta,
Water and Wastewater Revenue
(Insured; Assured Guaranty Municipal
Corp.)	5.25	11/1/34	1,445,000		1,533,391
Atlanta,
Water and Wastewater Revenue
(Insured; Assured Guaranty Municipal
Corp.) (Prerefunded)	5.25	11/1/19	2,555,000	^d	2,724,652
Atlanta,
Water and Wastewater Revenue
(Prerefunded)	6.00	11/1/19	6,000,000	^d	6,479,160
Georgia Higher Education Facilities
Authority,
Revenue (USG Real Estate Foundation I,
LLC Project) (Insured; Assured
Guaranty Corp. ) (Prerefunded)	5.63	6/15/18	5,055,000	^d	5,150,186
Tender Option Bond Trust Receipts
(Series 2016-XM0435), 10/1/43,
(Private Colleges and Universities
Authority, Revenue (Emory
University)) Recourse	5.00	10/1/43	10,000,000	^b,c	11,389,350
					27,276,739


	Coupon	Maturity	Principal
Description	Rate (%)	Date	Amount ($)		Value ($)
Long-Term Municipal Investments - 157.9% (continued)
Hawaii - 1.4%
Hawaii Department of Budget and
Finance,
Special Purpose Revenue (Hawai'i
Pacific Health Obligated Group)	5.75	7/1/40	4,415,000		4,797,427
Hawaii Department of Budget and
Finance,
Special Purpose Revenue (Hawaiian
Electric Company)	4.00	3/1/37	2,500,000		2,615,525
					7,412,952
Idaho - .9%
Power County Industrial Development
Corporation,
SWDR (FMC Corporation Project)	6.45	8/1/32	5,000,000		5,019,000
Illinois - 11.5%
Chicago,
GO (Project and Refunding Series)	6.00	1/1/38	3,000,000		3,474,090
Chicago Board of Education,
GO	5.00	12/1/36	2,000,000		2,064,620
Chicago O'Hare International Airport,
Revenue (General Airport Third Lien)	5.63	1/1/35	1,015,000		1,118,002
Chicago O'Hare International Airport,
Revenue (General Airport Third Lien)
(Prerefunded)	5.63	1/1/21	3,985,000	^d	4,447,180
Illinois,
GO	5.00	11/1/27	3,400,000		3,737,688
Illinois,
GO	5.00	12/1/39	3,400,000		3,641,332
Metropolitan Pier and Exposition
Authority,
Dedicated Tax Revenue (Capital
Appreciation-McCormick Place
Expansion Project) (Insured; MBIA
Insurance Corporation)	0.00	12/15/36	2,500,000	^e	1,099,925
Metropolitan Pier and Exposition
Authority,
Revenue (McCormick Place Expansion
Project)	5.00	12/15/28	3,000,000		3,235,170
Metropolitan Pier and Exposition
Authority,
Revenue (McCormick Place Expansion
Project)	0.00	12/15/51	18,100,000	^e	3,621,448
Metropolitan Pier and Exposition
Authority,
Revenue (McCormick Place Expansion
Project)	5.00	6/15/52	1,650,000		1,733,094
Metropolitan Pier and Exposition
Authority,
Revenue (McCormick Place Expansion
Project)	5.00	6/15/53	3,500,000		3,768,380

STATEMENT OF INVESTMENTS (Unaudited) (continued)


	Coupon	Maturity	Principal
Description	Rate (%)	Date	Amount ($)		Value ($)
Long-Term Municipal Investments - 157.9% (continued)
Illinois - 11.5% (continued)
Railsplitter Tobacco Settlement
Authority,
Tobacco Settlement Revenue
(Prerefunded)	6.00	6/1/21	5,050,000	^d	5,763,009
Tender Option Bond Trust Receipts
(Series 2016-XM0378), 12/1/32,
(Greater Chicago Metropolitan Water
Reclamation District, GO Capital
Improvement Bonds) Non-recourse	5.00	12/1/19	7,500,000	^b,c	8,320,387
Tender Option Bond Trust Receipts
(Series 2017-XM0492), 10/1/40,
(Illinois Finance Authority, Revenue
(The University of Chicago)) Non-
recourse	5.00	10/1/40	12,000,000	^b,c	13,792,050
University of Illinois Board of Trustees,
Auxiliary Facilities System Revenue
(University of Illinois)	5.00	4/1/44	1,000,000		1,109,470
					60,925,845
Indiana - .3%
Indiana Finance Authority,
Revenue (Marquette Project)	5.00	3/1/39	1,400,000		1,471,176
Iowa - 1.9%
Iowa Finance Authority,
Midwestern Disaster Area Revenue
(Iowa Fertilizer Company Project)	5.25	12/1/25	7,375,000		7,863,741
Tobacco Settlement Authority of Iowa,
Tobacco Settlement Asset-Backed
Bonds	5.60	6/1/34	2,000,000		2,012,180
					9,875,921
Louisiana - 1.1%
Louisiana Local Government
Environmental Facilities and
Community Development Authority,
Revenue, Refunding (Westlake
Chemical Corporation Project)	3.50	11/1/32	5,500,000		5,552,690
New Orleans,
Sewerage Service Revenue	5.00	6/1/40	500,000		573,510
					6,126,200
Maine - .6%
Maine Health and Higher Educational
Facilities Authority,
Revenue (Maine General Medical
Center Issue)	7.50	7/1/32	3,000,000		3,411,600
Maryland - 2.6%
Maryland Health and Higher Educational
Facilities Authority,
Revenue (Adventist HealthCare Issue)	5.50	1/1/46	3,250,000		3,766,880


	Coupon	Maturity	Principal
Description	Rate (%)	Date	Amount ($)		Value ($)
Long-Term Municipal Investments - 157.9% (continued)
Maryland - 2.6% (continued)
Tender Option Bond Trust Receipts
(Series 2016-XM0391), 7/1/42,
(Mayor and City Council of Baltimore,
Project Revenue (Water Projects)) Non-
recourse	5.00	7/1/21	9,000,000	^b,c	10,119,780
					13,886,660
Massachusetts - 7.3%
Massachusetts Development Finance
Agency,
Revenue, Refunding (NewBridge
Charles)	5.00	10/1/57	1,000,000	^b	1,083,340
Massachusetts Health and Educational
Facilities Authority,
Revenue (Suffolk University Issue)	6.25	7/1/30	2,065,000		2,207,836
Massachusetts Health and Educational
Facilities Authority,
Revenue (Suffolk University Issue)
(Prerefunded)	6.25	7/1/19	3,585,000	^d	3,829,640
Tender Option Bond Trust Receipts
(Series 2016-XM0368), 2/1/34,
(Massachusetts Development Finance
Agency, Revenue (Harvard University
Issue)) Non-recourse	5.25	8/11/18	10,000,000	^b,c	11,058,825
Tender Option Bond Trust Receipts
(Series 2016-XM0372), 4/1/27,
(Massachusetts, Consolidated Loan)
Non-recourse	5.00	4/1/19	8,600,000	^b,c	9,485,133
Tender Option Bond Trust Receipts
(Series 2016-XM0389), 5/15/43,
(Massachusetts School Building
Authority, Senior Dedicated Sales Tax
Revenue) Non-recourse	5.00	5/15/21	10,000,000	^b,c	11,220,500
					38,885,274
Michigan - 8.2%
Detroit,
Water Supply System Senior Lien
Revenue	5.00	7/1/31	3,000,000		3,220,320
Great Lakes Water Authority,
Sewage Disposal System Second Lien
Revenue	5.00	7/1/36	3,000,000		3,403,650
Michigan Finance Authority,
HR (Beaumont Health Credit Group)	5.00	11/1/44	5,165,000		5,805,563
Michigan Finance Authority,
Local Government Loan Program
Revenue (Detroit Water and Sewerage
Department, Sewage Disposal System
Revenue Senior Lien Local Project
Bonds) (Insured; Assured Guaranty
Municipal Corp.)	5.00	7/1/31	2,000,000		2,285,140

STATEMENT OF INVESTMENTS (Unaudited) (continued)


	Coupon	Maturity	Principal
Description	Rate (%)	Date	Amount ($)		Value ($)
Long-Term Municipal Investments - 157.9% (continued)
Michigan - 8.2% (continued)
Michigan Finance Authority,
Local Government Loan Program
Revenue (Detroit Water and Sewerage
Department, Water Supply System
Revenue Second Lien Local Project
Bonds)	5.00	7/1/34	2,000,000		2,259,520
Michigan Finance Authority,
Local Government Loan Program
Revenue (Detroit Water and Sewerage
Department, Water Supply System
Revenue Senior Lien Local Project
Bonds) (Insured; National Public
Finance Guarantee Corp.)	5.00	7/1/36	2,000,000		2,218,640
Michigan Hospital Finance Authority,
HR (Henry Ford Health System)
(Prerefunded)	5.63	11/15/19	5,000,000	^d	5,363,750
Michigan Strategic Fund,
SWDR (Genesee Power Station Project)	7.50	1/1/21	4,340,000		4,280,933
Michigan Tobacco Settlement Finance
Authority,
Tobacco Settlement Asset-Backed
Bonds	6.88	6/1/42	5,000,000		5,046,800
Michigan Tobacco Settlement Finance
Authority,
Tobacco Settlement Asset-Backed
Bonds	6.00	6/1/48	4,000,000		3,999,800
Royal Oak Hospital Finance Authority,
HR (William Beaumont Hospital
Obligated Group) (Prerefunded)	8.25	9/1/18	5,500,000	^d	5,745,410
					43,629,526
Minnesota - 1.0%
Dakota County Community Development
Agency,
SFMR (Mortgage-Backed Securities
Program) (Collateralized: FHLMC,
FNMA and GNMA)	5.15	12/1/38	33,787		33,804
Dakota County Community Development
Agency,
SFMR (Mortgage-Backed Securities
Program) (Collateralized: FHLMC,
FNMA and GNMA)	5.30	12/1/39	64,366		64,421
Minneapolis,
Health Care System Revenue (Fairview
Health Services) (Insured; Assured
Guaranty Corp. )	6.50	11/15/38	4,190,000		4,377,461
Minneapolis,
Health Care System Revenue (Fairview
Health Services) (Insured; Assured
Guaranty Corp. ) (Prerefunded)	6.50	11/15/18	810,000	^d	845,008
					5,320,694


	Coupon	Maturity	Principal
Description	Rate (%)	Date	Amount ($)		Value ($)
Long-Term Municipal Investments - 157.9% (continued)
Mississippi - 2.1%
Mississippi Business Finance
Corporation,
PCR (System Energy Resources, Inc.
Project)	5.88	4/1/22	5,720,000		5,736,130
Mississippi Development Bank,
Special Obligation Revenue (Magnolia
Regional Health Center Project)	6.50	10/1/31	5,000,000		5,464,850
					11,200,980
Missouri - 1.7%
Saint Louis County Industrial
Development Authority,
Tax Increase Financing Revenue (Saint
Louis Innovation District Project)	4.38	5/15/36	3,500,000		3,515,295
Saint Louis Land Clearance
Redevelopment Authority,
Annual Appropriation Redevelopment
Revenue (National Geospatial-
Intelligence Agency Site Improvements
Project)	5.13	6/1/46	5,000,000		5,508,600
					9,023,895
New Jersey - 4.3%
Essex County Improvement Authority,
SWDR (Covanta Project)	5.25	7/1/45	1,000,000	^b	1,008,590
New Jersey Economic Development
Authority,
Revenue	5.25	6/15/27	4,000,000		4,562,400
New Jersey Economic Development
Authority,
School Facilities Construction Revenue	5.25	6/15/40	3,250,000		3,584,230
New Jersey Economic Development
Authority,
Special Facility Revenue (Continental
Airlines, Inc. Project)	5.25	9/15/29	3,375,000		3,721,073
New Jersey Higher Education Student
Assistance Authority,
Student Loan Revenue (Insured;
Assured Guaranty Corp.)	6.13	6/1/30	2,860,000		2,902,871
New Jersey Transportation Trust Fund
Authority,
Transportation Program Revenue	5.25	6/15/33	1,500,000		1,679,160
Tobacco Settlement Financing
Corporation of New Jersey,
Tobacco Settlement Asset-Backed
Bonds	5.00	6/1/41	5,500,000		5,359,090
					22,817,414
New Mexico - 1.4%
Farmington,
PCR (Public Service Company of New
Mexico San Juan Project)	5.90	6/1/40	7,000,000		7,601,370

STATEMENT OF INVESTMENTS (Unaudited) (continued)


	Coupon	Maturity	Principal
Description	Rate (%)	Date	Amount ($)		Value ($)
Long-Term Municipal Investments - 157.9% (continued)
New York - 12.0%
New York City Educational Construction
Fund,
Revenue	6.50	4/1/27	4,490,000		5,148,952
New York City Industrial Development
Agency,
PILOT Revenue (Yankee Stadium
Project) (Insured; Assured Guaranty
Corp.)	7.00	3/1/49	5,000,000		5,303,850
New York Convention Center
Development Corporation,
Senior Lien Revenue (Hotel Unit Fee
Secured)	0.00	11/15/47	6,800,000	^e	2,363,340
New York Liberty Development
Corporation,
Revenue (3 World Trade Center
Project)	5.00	11/15/44	7,000,000	^b	7,626,780
New York Transportation Development
Corporation,
Special Facility Revenue (American
Airlines, Inc. John F. Kennedy
International Airport Project)	5.00	8/1/26	500,000		538,075
New York Transportation Development
Corporation,
Special Facility Revenue (LaGuardia
Airport Terminal B Redevelopment
Project)	5.00	7/1/46	3,500,000		3,849,510
Niagara Area Development Corporation,
Solid Waste Disposal Facility Revenue
(Covanta Energy Project)	5.25	11/1/42	3,000,000	^b	3,002,160
Port Authority of New York and New
Jersey,
Special Project Bonds (JFK
International Air Terminal LLC Project)	6.00	12/1/36	2,000,000		2,228,120
Tender Option Bond Trust Receipts
(Series 2016-XM0370), 11/1/25,
(New York City Transitional Finance
Authority, Future Tax Secured
Subordinate Revenue) Non-recourse	5.25	11/1/18	5,000,000	^b,c	5,480,313
Tender Option Bond Trust Receipts
(Series 2016-XM0438), 11/1/27,
(New York City Transitional Finance
Authority, Future Tax Secured
Subordinate Revenue) Recourse	5.50	11/1/27	5,000,000	^b,c	5,520,675
Tender Option Bond Trust Receipts
(Series 2016-XM0445), 6/15/39,
(New York City Municipal Water
Finance Authority, Water and Sewer
System General Resolution Revenue)
Recourse	5.00	6/15/39	20,000,000	^b,c	20,870,320


	Coupon	Maturity	Principal
Description	Rate (%)	Date	Amount ($)		Value ($)
Long-Term Municipal Investments - 157.9% (continued)
New York - 12.0% (continued)
TSASC, Inc. of New York,
Tobacco Settlement Subordinate Bonds	5.00	6/1/48	2,000,000		2,005,900
					63,937,995
North Carolina - .2%
North Carolina Medical Care Commission,
Health Care Facilities First Mortgage
Revenue (Pennybryn at Maryfield)	5.00	10/1/35	1,005,000		1,065,059
Ohio - 11.6%
Buckeye Tobacco Settlement Financing
Authority,
Tobacco Settlement Asset-Backed
Bonds	0.00	6/1/47	19,800,000	^e	1,306,206
Buckeye Tobacco Settlement Financing
Authority,
Tobacco Settlement Asset-Backed
Bonds	6.50	6/1/47	14,690,000		14,690,294
Butler County,
Hospital Facilities Revenue (UC Health)
(Prerefunded)	5.50	11/1/20	2,360,000	^d	2,594,442
Butler County,
Hospital Facilities Revenue (UC Health)
(Prerefunded)	5.50	11/1/20	1,490,000	^d	1,642,591
Canal Winchester Local School District,
School Facilities Construction and
Improvement and Advance Refunding
Bonds (GO - Unlimited Tax) (Insured;
National Public Finance Guarantee
Corp.)	0.00	12/1/29	3,955,000	^e	2,806,784
Canal Winchester Local School District,
School Facilities Construction and
Improvement and Advance Refunding
Bonds (GO - Unlimited Tax) (Insured;
National Public Finance Guarantee
Corp.)	0.00	12/1/31	3,955,000	^e	2,588,706
Cuyahoga County Hospital,
Revenue (The Metrohealth System)	5.00	2/15/57	2,000,000		2,154,620
Hamilton County,
Healthcare Improvement Revenue (Life
Enriching Communities Project)	5.00	1/1/51	2,000,000		2,168,440
Muskingum County,
Hospital Facilities Revenue (Genesis
HealthCare System Obligated Group
Project)	5.00	2/15/22	4,590,000		4,970,649
Ohio Air Quality Development Authority,
Air Quality Revenue (Ohio Valley
Electric Corporation Project)	5.63	10/1/19	1,900,000		1,964,049
Ohio Air Quality Development Authority,
Revenue (Pratt Paper LLC Project)	4.50	1/15/48	2,250,000	^b	2,363,085

STATEMENT OF INVESTMENTS (Unaudited) (continued)


	Coupon	Maturity	Principal
Description	Rate (%)	Date	Amount ($)		Value ($)
Long-Term Municipal Investments - 157.9% (continued)
Ohio - 11.6% (continued)
Port of Greater Cincinnati Development
Authority,
Tax Increment Development Revenue
(Fairfax Village Red Bank
Infrastructure Project)	5.63	2/1/36	3,000,000	^b	3,069,660
Tender Option Bond Trust Receipts
(Series 2016-XM0380), 12/1/38,
(Hamilton County, Sewer System
Improvement Revenue (The
Metropolitan Sewer District of Greater
Cincinnati)) Non-recourse	5.00	6/1/33	17,000,000	^b,c	19,358,580
					61,678,106
Oregon - 1.0%
Clackmas County Hospital Facility
Authority,
Revenue, Refunding (Senior Living-
Willamette View Project)	5.00	11/15/52	1,500,000		1,586,100
Warm Springs Reservation Confederated
Tribes,
Hydroelectric Revenue (Pelton Round
Butte Project)	6.38	11/1/33	3,300,000		3,491,631
					5,077,731
Pennsylvania - 1.6%
Crawford County Hospital Authority,
HR (Meadville Medical Center Project)	6.00	6/1/46	1,175,000		1,262,714
Philadelphia,
GO (Prerefunded)	6.50	8/1/20	3,550,000	^d	3,976,000
Tender Option Bond Trust Receipts
(Series 2016-XM0373), 6/1/41,
(Geisinger Authority, Health System
Revenue (Geisinger Health System))
Non-recourse	5.13	6/1/35	3,000,000	^b,c	3,256,740
					8,495,454
Rhode Island - 1.0%
Rhode Island Health and Educational
Building Corporation,
Hospital Financing Revenue (Lifespan
Obligated Group Issue) (Insured;
Assured Guaranty Corp.) (Prerefunded)	7.00	5/15/19	5,000,000	^d	5,371,900
South Carolina - 7.0%
South Carolina Public Service Authority,
Revenue Obligations (Santee Cooper)
(Prerefunded)	5.50	1/1/19	9,205,000	^d	9,557,736
Tender Option Bond Trust Receipts
(Series 2016-XM0384), 12/1/43,
(South Carolina Public Service
Authority, Revenue Obligations (Santee
Cooper)) Non-recourse	5.13	6/1/37	15,000,000	^b,c	16,799,175


	Coupon	Maturity	Principal
Description	Rate (%)	Date	Amount ($)		Value ($)
Long-Term Municipal Investments - 157.9% (continued)
South Carolina - 7.0% (continued)
Tender Option Bond Trust Receipts
(Series 2016-XM0442), 2/1/40,
(Columbia, Waterworks and Sewer
System Revenue) Recourse	5.00	2/1/40	10,000,000	^b,c	10,666,280
					37,023,191
Tennessee - 4.4%
Metropolitan Government of Nashville
and Davidson County Health and
Educational Facilities Board,
Revenue (The Vanderbilt University)
(Prerefunded)	5.50	10/1/19	7,000,000	^d	7,475,160
Tender Option Bond Trust Receipts
(Series 2016-XM0388), 7/1/40,
(Metropolitan Government of Nashville
and Davidson County, Water and Sewer
Revenue) Non-recourse	5.00	7/1/21	5,000,000	^b,c	5,648,275
Tender Option Bond Trust Receipts
(Series 2016-XM0446), 11/15/40,
(Rutherford County Health and
Educational Facilities Board, Revenue
(Ascension Health Senior Credit
Group)) Recourse	5.00	11/15/40	10,000,000	^b,c	10,528,200
					23,651,635
Texas - 11.5%
Central Texas Regional Mobility
Authority,
Senior Lien Revenue	5.00	1/1/45	1,500,000		1,694,640
Clifton Higher Education Finance
Corporation,
Education Revenue (International
Leadership of Texas)	5.75	8/15/45	4,500,000		4,850,055
Clifton Higher Education Finance
Corporation,
Education Revenue (Uplift Education)	4.50	12/1/44	2,500,000		2,570,850
Clifton Higher Education Finance
Corporation,
Education Revenue (Uplift Education)
(Prerefunded)	6.00	12/1/20	2,500,000	^d	2,798,725
Dallas Area Rapid Transit,
Senior Lien Sales Tax Revenue
(Prerefunded)	5.25	12/1/18	10,000,000	^d	10,332,400
Harris County Health Facilities
Development Corporation,
HR (Memorial Hermann Healthcare
System) (Prerefunded)	7.25	12/1/18	2,000,000	^d	2,101,580
Harris County-Houston Sports Authority,
Senior Lien Revenue (Insured; Assured
Guaranty Municipal Corp.)	0.00	11/15/50	6,500,000	^e	1,503,450

STATEMENT OF INVESTMENTS (Unaudited) (continued)


	Coupon	Maturity	Principal
Description	Rate (%)	Date	Amount ($)		Value ($)
Long-Term Municipal Investments - 157.9% (continued)
Texas - 11.5% (continued)
Houston,
Combined Utility System First Lien
Revenue (Insured; Assured Guaranty
Corp.)	6.00	11/15/36	295,000		312,762
Houston,
Combined Utility System First Lien
Revenue (Insured; Assured Guaranty
Corp.) (Prerefunded)	6.00	5/15/19	4,705,000	^d	4,984,948
North Texas Tollway Authority,
First Tier System Revenue (Insured;
Assured Guaranty Corp.)	5.75	1/1/40	965,000		965,000
Tender Option Bond Trust Receipts
(Series 2016-XM0377), 2/1/43,
(San Antonio, Electric and Gas Systems
Junior Lien Revenue) Non-recourse	5.00	2/1/21	16,750,000	^b,c	18,682,364
Tender Option Bond Trust Receipts
(Series 2017-XF2422), 8/15/40,
(Leander Independent School District,
Unlimited Tax School Building Bonds
(Permanent School Fund Guarantee
Program)) Recourse	5.00	8/15/40	8,507,701	^b,c	8,957,923
Texas Department of Housing and
Community Affairs,
Home Mortgage Revenue
(Collateralized: FHLMC, FNMA and
GNMA)	12.12	7/2/24	50,000	^f	51,803
Texas Private Activity Bond Surface
Transportation Corporation,
Senior Lien Revenue (Blueridge
Transportation Group, State Highway
288 Toll Lanes Project)	5.00	12/31/50	1,300,000		1,441,648
					61,248,148
Virginia - 3.5%
Chesterfield County Economic
Development Authority,
Retirement Facilities First Mortgage
Revenue (Brandermill Woods Project)	5.13	1/1/43	2,100,000		2,184,840
Tender Option Bond Trust Receipts
(Series 2016-XM0448), 11/1/40,
(Virginia Small Business Financing
Authority, Health Care Facilities
Revenue (Sentara Healthcare))
Recourse	5.00	11/1/40	10,000,000	^b,c	10,714,075
Virginia Small Business Financing
Authority,
Private Activity Revenue (Transform 66
P3 Project)	5.00	12/31/56	5,000,000		5,601,250
					18,500,165


	Coupon	Maturity	Principal
Description	Rate (%)	Date	Amount ($)		Value ($)
Long-Term Municipal Investments - 157.9% (continued)
Washington - 4.1%
Tender Option Bond Trust Receipts
(Series 2016-XM0441), 1/1/33,
(King County, Limited Tax GO (Payable
from Sewer Revenues)) Recourse	5.13	1/1/33	10,000,000	^b,c	10,358,240
Tender Option Bond Trust Receipts
(Series 2017-XF2423), 1/1/29,
(King County, Server Revenue)
Recourse	5.00	1/1/29	3,998,716	^b,c	4,368,676
Washington Health Care Facilities
Authority,
Mortgage Revenue (Highline Medical
Center) (Collateralized; FHA)
(Prerefunded)	6.25	8/1/18	3,475,000	^d	3,564,864
Washington Housing Finance
Commission,
Nonprofit Housing Revenue
(Presbyterian Retirement Communities
Northwest Projects)	5.00	1/1/46	1,500,000	^b	1,592,580
Washington Housing Finance
Commission,
Nonprofit Housing Revenue
(Presbyterian Retirement Communities
Northwest Projects)	5.00	1/1/51	1,700,000	^b	1,798,396
					21,682,756
West Virginia - .3%
The County Commission of Harrison
County,
SWDR (Allegheny Energy Supply
Company, LLC Harrison Station Project)	5.50	10/15/37	1,750,000		1,752,310
Wisconsin - .4%
Public Finance Authority,
Revenue (Denver International Airport
Great Hall Project)	5.00	9/30/49	1,000,000		1,140,590
Public Finance Authority,
Senior Living Revenue (Mary's Woods
At Marylhurst Project)	5.25	5/15/47	750,000	^b	819,465
					1,960,055
Wyoming - .3%
Wyoming Municipal Power Agency,
Power Supply System Revenue
(Prerefunded)	5.50	1/1/18	1,360,000	^d	1,360,000
U.S. Related - 1.7%
Guam,
LOR (Section 30) (Prerefunded)	5.75	12/1/19	2,000,000	^d	2,154,400
Guam Housing Corporation,
SFMR (Guaranteed Mortgage-Backed
Securities Program) (Collateralized;
FHLMC)	5.75	9/1/31	965,000		1,000,242

STATEMENT OF INVESTMENTS (Unaudited) (continued)


	Coupon	Maturity	Principal
Description	Rate (%)	Date	Amount ($)		Value ($)
Long-Term Municipal Investments - 157.9% (continued)
U.S. Related - 1.7% (continued)
Guam Waterworks Authority,
Water and Wastewater System
Revenue (Prerefunded)	5.63	7/1/20	2,000,000	^d	2,194,020
Puerto Rico Commonwealth,
Public Improvement GO (Insured;
Assured Guaranty Municipal Corp.)	5.00	7/1/35	3,500,000		3,581,760
					8,930,422
Total Investments (cost $776,147,219)			157.9	%	839,756,012
Liabilities, Less Cash and Receivables			(31.1	%)	(165,336,394	)
Preferred Stock, at redemption value			(26.8	%)	(142,500,000	)
Net Assets Applicable to Common Shareholders			100.0	%	531,919,618

a Zero coupon until a specified date at which time the stated coupon rate becomes effective until maturity.

b Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be resold in

transactions exempt from registration, normally to qualified institutional buyers. At December 31, 2017, these securities amounted

to $361,432,594, or 67.95% of net assets applicable to Common Shareholders.

c Collateral for floating rate borrowings.

d These securities are prerefunded; the date shown represents the prerefunded date. Bonds which are prerefunded are collateralized by

U.S. Government securities which are held in escrow and are used to pay principal and interest on the municipal issue and to retire

the bonds in full at the earliest refunding date.

e Security issued with a zero coupon. Income is recognized through the accretion of discount.

f Inverse floater security—the interest rate is subject to change periodically. Rate shown is the interest rate in effect at December 31,

2017.

STATEMENT OF INVESTMENTS
Dreyfus Strategic Municipals, Inc.
December 31, 2017 (Unaudited)

The following is a summary of the inputs used as of December 31, 2017 in valuing the fund’s investments:


		Level 2 - Other		Level 3 -
	Level 1 -	Significant		Significant
	Unadjusted	Observable		Unobservable
	Quoted Prices	Inputs		Inputs	Total
Assets ($)
Investments in Securities:
Municipal Bonds^†	-	839,756,012		-	839,756,012
Liabilities ($)
Floating Rate Notes^††	-	(174,599,397	)	-	(174,599,397	)


†	See Statement of Investments for additional detailed categorizations.
^††	Certain of the fund’s liabilities are held at carrying amount, which approximates fair value for financial reporting purposes.

NOTES

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund’s financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

Various inputs are used in determining the value of the fund’s investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:

Level 1—unadjusted quoted prices in active markets for identical investments.

Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).

Level 3—significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund’s investments are as follows: Investments in securities are valued each business day by an independent pricing service (the “Service”) approved by the fund's Board Members (the “Board”) Investments for which quoted bid prices are readily available and are representative of the bid side of the market in the judgment of the Service are valued at the mean between the quoted bid prices (as obtained by the Service from dealers in such securities) and asked prices (as calculated by the Service based upon its evaluation of the market for such securities). Other investments (which constitute a majority of the portfolio securities) are carried at

NOTES

fair value as determined by the Service, based on methods which include consideration of the following: yields or prices of municipal securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. All of the preceding securities are generally categorized within Level 2 of the fair value hierarchy.

The Service is engaged under the general supervision of the Board.

When market quotations or official closing prices are not readily available, or are determined to not accurately reflect fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.

For restricted securities where observable inputs are limited, assumptions about market activity and risk are used and are generally categorized within Level 3 of the fair value hierarchy.

Inverse Floater Securities: The fund participates in secondary inverse floater structures in which fixed-rate, tax-exempt municipal bonds are transferred to a trust (the “Inverse Floater Trust”). The Inverse Floater Trust typically issues two variable rate securities that are collateralized by the cash flows of the fixed-rate, tax-exempt municipal bonds. One of these variable rate securities pays interest based on a short-term floating rate set by a remarketing agent at predetermined intervals (“Trust Certificates”). A residual interest tax-exempt security is also created by the Inverse Floater Trust, which is transferred to the fund, and is paid interest based on the remaining cash flows of the Inverse Floater Trust, after payment of interest on the other securities and various expenses of the Inverse Floater Trust. An Inverse Floater Trust may be collapsed without the consent of the fund due to certain termination events such as bankruptcy, default or other credit event.

The fund accounts for the transfer of bonds to the Inverse Floater Trust as secured borrowings, with the securities transferred remaining in the fund’s investments, and the Trust Certificates reflected as fund liabilities in the Statement of Assets and Liabilities.

The fund may invest in inverse floater securities on either a non-recourse or recourse basis. These securities are typically supported by a liquidity facility provided by a bank or other financial institution (the “Liquidity Provider”) that allows the holders of the Trust Certificates to tender their certificates in exchange for payment from the Liquidity Provider of par plus accrued interest on any business day prior to a termination event. When the fund invests in inverse floater securities on a non-recourse basis, the Liquidity

NOTES

Provider is required to make a payment under the liquidity facility due to a termination event to the holders of the Trust Certificates. When this occurs, the Liquidity Provider typically liquidates all or a portion of the municipal securities held in the Inverse Floater Trust. A liquidation shortfall occurs if the Trust Certificates exceed the proceeds of the sale of the bonds in the Inverse Floater Trust (“Liquidation Shortfall”). When a fund invests in inverse floater securities on a recourse basis, the fund typically enters into a reimbursement agreement with the Liquidity Provider where the fund is required to repay the Liquidity Provider the amount of any Liquidation Shortfall. As a result, a fund investing in a recourse inverse floater security bears the risk of loss with respect to any Liquidation Shortfall.

At December 31, 2017, accumulated net unrealized appreciation on investments was $63,608,793, consisting of $63,764,365 gross unrealized appreciation and $155,572 gross unrealized depreciation.

At December 31, 2017, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Statement of Investments).

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the SEC on Form N-CSR.

Item 2. Controls and Procedures.

(a) The Registrant's principal executive and principal financial officers have concluded, based on their evaluation of the Registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant's disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-Q is accumulated and communicated to the Registrant's management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

(b) There were no changes to the Registrant's internal control over financial reporting that occurred during the Registrant's most recently ended fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.

Item 3. Exhibits.

(a) Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.

FORM N-Q

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.

Dreyfus Strategic Municipals, Inc.

By: /s/ Bradley J. Skapyak

Bradley J. Skapyak

President

Date: February 16, 2018

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/ Bradley J. Skapyak

Bradley J. Skapyak

President

Date: February 16, 2018

By: /s/ James Windels

James Windels

Treasurer

Date: February 16, 2018

EXHIBIT INDEX

(a) Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940. (EX-99.CERT)