[Federal Register Volume 61, Number 116 (Friday, June 14, 1996)]
[Notices]
[Pages 30263-30264]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-15113]



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[[Page 30264]]

SECURITIES AND EXCHANGE COMMISSION


Submission for OMB Review; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of Filings and Information Services, Washington, DC 
20549
Extension: Rule 17f-4
SEC File No. 270-232
OMB Control No. 3235-0225

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange 
Commission (``Commission'') has submitted to the Office of Management 
and Budget a request for approval of extension on the following rule:
    Rule 17f-4 [17 CFR 270.17f-4] under the Investment Company Act of 
1940 [15 U.S.C. 80a-1 et seq.] (the ``Act'') specifies conditions under 
which a registered management investment company or its custodian may 
place the company's securities in a securities depository. The rule 
requires a custodian to provide confirmations and keep records of 
transactions, and requires the custodian, its agents, and depositories 
to provide reports on internal accounting controls. Confirmations and 
records give the company objective evidence of transactions performed 
on its behalf. Reports on internal controls provide information 
necessary to evaluate the safety of depository arrangements.
    Approximately 100 custodians are subject to the requirement to 
provide confirmations and keep records, and those custodians and 
approximately 150 other agents and six depositories are subject to the 
requirement to provide internal control reports. The 256 respondents 
make approximately 25,256 responses and spend approximately 25,256 
hours annually in complying with the reporting and recordkeeping 
requirements of the rule.
    The estimates of burden hours are made solely for the purposes of 
the Paperwork Reduction Act, and are not derived from a comprehensive 
or even a representative survey or study.
    General comments regarding the estimated burden hours should be 
directed to the Desk Officer for the Securities and Exchange Commission 
at the address below. Any comments concerning the accuracy of the 
estimated average burden hours for compliance with Commission rules and 
forms should be directed to Michael E. Bartell, Associate Executive 
Director, Office of Information Technology, Securities and Exchange 
Commission, 450 Fifth Street NW., Washington, DC 20549 and the Desk 
Officer for the Securities and Exchange Commission, Office of 
Information and Regulatory Affairs, Office of Management and Budget, 
Room 3208, New Executive Office Building, Washington, DC 20503.

    Dated: June 4, 1996.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 96-15113 Filed 6-13-96; 8:45 am]
BILLING CODE 8010-01-M