[Federal Register Volume 63, Number 118 (Friday, June 19, 1998)]
[Notices]
[Page 33738]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-16352]


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SECURITIES AND EXCHANGE COMMISSION


Existing Collection; Comment Request

Upon written request, copies available from: Securities and Exchange 
Commission, Office of Filings and Information Services, 450 5th Street, 
N.W., Washington, D.C. 20549

Extension:
    Rule 45, SEC File No. 270-164, OMB Control No. 3235-0154
    Rule 52, SEC File No. 270-326, OMB Control No. 3235-0369

    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'') is soliciting comments on the collections of 
information summarized below. The Commission plans to submit these 
existing collections of information to the Office of Management and 
Budget for extension and approval.
    Rule 45 under the Public Utility Holding Company Act of 1935 (15 
U.S.C. 79A, et seq.) (``Act'') imposes a filing requirement of 
registered holding companies and their subsidiaries under section 12(b) 
of the Act. Under the requirement, the companies must file a 
declaration seeking authority to make loans or otherwise extend credit 
to other companies in the same holding company system. Among others, 
the rule excepts from the filing requirement the performance of payment 
obligations under consolidated tax agreements. The purpose of the rule 
is to ensure that registered holding companies and their subsidiaries 
do not engage in activities that are a detriment to interests the Act 
is designed to protect (i.e., cross-subsidization). The Commission 
estimates that the total annual reporting and recordkeeping burden is 
46 hours. (e.g., 14 recordkeepers x approximately 3.3 hours = 
approximately 46 hours).
    Rule 52 under the Act permits public utility subsidiary companies 
of registered holding companies to issue and sell certain securities 
without filing a declaration if certain conditions are met. The purpose 
of collecting the information is to determine the existence of 
detriment to interests the Act was designed to protect. The Commission 
estimates that the total annual reporting and recordkeeping burden of 
collections under rule 52 is 33 hours (e.g., 33 responses x one hour = 
33 burden hours).
    The estimates of average burden hours are made for the purposes of 
the Paperwork Reduction Act and are not derived from a comprehensive or 
even a representative survey or study of the costs of Commission rules 
and forms.
    Written comments are invited on: (a) whether the proposed 
collections of information are necessary for the proper performance of 
the functions of the agency, including whether the information will 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden of the collection of information; (c) ways to enhance the 
quality, utility, and clarity of the information collected; and (d) 
ways to minimize the burden of the collection of information on 
respondents, including through the use of automated collection 
techniques or other forms of information technology. Consideration will 
be given to comments and suggestions submitted in writing within 60 
days of this publication.
    Please direct your written comments to Michael E. Bartell, 
Associate Executive Director, Office of Information Technology, 
Securities and Exchange Commission, 450 Fifth Street, N.W., Washington, 
D.C. 20549.

    Dated: June 11, 1998.
Jonathan G. Katz,
Secretary.
[FR Doc. 98-16352 Filed 6-18-98; 8:45 am]
BILLING CODE 8010-01-M