Submissions for OMB Review; Comment Request, 65112 [E7-22510]

Download as PDF 65112 Federal Register / Vol. 72, No. 222 / Monday, November 19, 2007 / Notices collection obtains information needed to determine if a representative payee is handling benefit payments in the best interest of the annuitant. Changes Proposed: The RRB proposes no changes to Form G–99a. Minor, nonburden impacting editorial changes are proposed to Form G–99c. The burden estimate for the ICR is as follows: Estimated Completion Time for Form(s): Completion time for G–99a is estimated at 18 minutes. Completion time for Form G–99c is estimated at 24 to 31 minutes. Estimated annual number of respondents: 6,000. Total annual responses: 6,535 (6,000 G–99a’s and 535 G–99c’s). Total annual reporting hours: 2,032. Additional Information or Comments: Copies of the forms and supporting documents can be obtained from Charles Mierzwa, the agency clearance officer (312–751–3363) or Charles.Mierzwa@rrb.gov. Comments regarding the information collection should be sent to Ronald J. Hodapp, Railroad Retirement Board, 844 North Rush Street, Chicago, Illinois 60611–2092 or Ronald.Hodapp@RRB.GOV, and to the Office of Management Budget at Attn: Desk Officer for RRB, Fax: (202) 395– 6974 or via e-mail to OIRA_Submission@omb.eop.gov. Charles Mierzwa, Clearance Officer. [FR Doc. E7–22582 Filed 11–16–07; 8:45 am] BILLING CODE 7905–01–P SECURITIES AND EXCHANGE COMMISSION Submissions for OMB Review; Comment Request Upon Written Request, Copies Available From: Securities and Exchange Commission, Office of Investor Education and Advocacy, Washington, DC 20549–0213. rwilkins on PROD1PC63 with NOTICES Extensions: Form 3, OMB Control No. 3235–0104, SEC File No. 270–125. Form 4 , OMB Control No. 3235–0287, SEC File No. 270–126. Form 5 , OMB Control No. 3235–0362, SEC File No. 270–323. 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 requests for extension of the previously approved collections of information discussed below. VerDate Aug<31>2005 20:17 Nov 16, 2007 Jkt 214001 Under the Exchange Act of 1934 (15 U.S.C. 78a et seq.) Forms 3, 4, and 5 (17 CFR 249.103, 249.104 and 249.105) are filed by insiders of public companies that have a class of securities registered under Section 12 of the Exchange Act (15 U.S.C. 78l). Form 3 is an initial statement of beneficial ownership of securities, Form 4 is a statement of changes in beneficial ownership of securities and Form 5 is an annual statement of beneficial ownership of securities. Approximately 29,000 insiders file Form 3 annually and it takes approximately .5 hours to prepare for a total of 14,500 annual burden hours. Approximately 225,000 insiders file Form 4 annually and it takes approximately .5 hours to prepare for a total of 112,500 annual burden hours. Approximately 9,000 insiders file Form 5 annually and it takes approximately one hour to prepare for a total of 9,000 annual burden hours. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a currently valid control number. Written comments regarding the above information should be directed to the following persons: (i) Desk Officer for the Securities and Exchange Commission, Office of Information and Regulatory Affairs, Office of Management and Budget, Room 10102, New Executive Office Building, Washington, DC 20503 or send an email to Alexander_T._Hunt@omb.eop.gov and (ii) R. Corey Booth, Director/Chief Information Officer, Securities and Exchange Commission, C/O Shirley Martinson, 6423 General Green Way, Alexandria, Virginia 22312; or send an e-mail to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days of this notice. Dated: November 7, 2007. Florence E. Harmon, Deputy Secretary. [FR Doc. E7–22510 Filed 11–16–07; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION Submission for OMB Review; Comment Request Upon Written Request, Copies Available From: U.S. Securities and Exchange Commission, Office of Investor Education and Advocacy, Washington, DC 20549–0213. Extension: Rule 8c–1, SEC File No. 270–455 , OMB Control No. 3235–0514. PO 00000 Frm 00127 Fmt 4703 Sfmt 4703 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 has submitted to the Office of Management and Budget requests for approval of the following rule: Rule 8c–1. Rule 8c–1 (17 CFR 240.8c–1) under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) generally prohibits a broker-dealer from using its customers’ securities as collateral to finance its own trading, speculating, or underwriting transactions. More specifically, the rule states three main principles: first, that a broker-dealer is prohibited from commingling the securities of different customers as collateral for a loan without the consent of each customer; second, that a broker-dealer cannot commingle customers’ securities with its own securities under the same pledge; and third, that a broker-dealer can only pledge its customers’ securities to the extent that customers are in debt to the broker-dealer.1 Pursuant to Rule 8c–1, respondents must collect information necessary to prevent the hypothecation of customer accounts in contravention of the rule, issue and retain copies of notices to the pledgee of hypothecation of customer accounts in accordance with the rule, and collect written consents from customers in accordance with the rule. The information is necessary to ensure compliance with the rule, and to advise customers of the rule’s protections. There are approximately 142 respondents per year (i.e., brokerdealers that conducted business with the public, filed Part II of the FOCUS Report, did not claim an exemption from the Reserve Formula computation and reported that they had a bank loan during at least one quarter of the current year) that require an aggregate total of 3,195 hours to comply with the rule. Each of these approximately 142 registered broker-dealers makes an estimated 45 annual responses, for an aggregate total of 6,390 responses per year. Each response takes approximately 0.5 hours to complete. Thus, the total compliance burden per year is 3,195 burden hours. The approximate cost per hour is $56, resulting in a total cost of compliance for the respondents of approximately $178,920 (3,195 hours @ $56 per hour). The retention period for the recordkeeping requirement under Rule 8c–1 is three years. The recordkeeping requirement under this rule is mandatory to ensure that broker-dealers 1 See Securities Exchange Act Release No. 2690 (November 15, 1940); Securities Exchange Act Release No. 9428 (December 29, 1971). E:\FR\FM\19NON1.SGM 19NON1

Agencies

[Federal Register Volume 72, Number 222 (Monday, November 19, 2007)]
[Notices]
[Page 65112]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-22510]


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SECURITIES AND EXCHANGE COMMISSION


Submissions for OMB Review; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of Investor Education and Advocacy, Washington, DC 
20549-0213.

Extensions:
    Form 3, OMB Control No. 3235-0104, SEC File No. 270-125.
    Form 4 , OMB Control No. 3235-0287, SEC File No. 270-126.
    Form 5 , OMB Control No. 3235-0362, SEC File No. 270-323.

    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 requests for extension of the previously approved 
collections of information discussed below.
    Under the Exchange Act of 1934 (15 U.S.C. 78a et seq.) Forms 3, 4, 
and 5 (17 CFR 249.103, 249.104 and 249.105) are filed by insiders of 
public companies that have a class of securities registered under 
Section 12 of the Exchange Act (15 U.S.C. 78l). Form 3 is an initial 
statement of beneficial ownership of securities, Form 4 is a statement 
of changes in beneficial ownership of securities and Form 5 is an 
annual statement of beneficial ownership of securities. Approximately 
29,000 insiders file Form 3 annually and it takes approximately .5 
hours to prepare for a total of 14,500 annual burden hours. 
Approximately 225,000 insiders file Form 4 annually and it takes 
approximately .5 hours to prepare for a total of 112,500 annual burden 
hours. Approximately 9,000 insiders file Form 5 annually and it takes 
approximately one hour to prepare for a total of 9,000 annual burden 
hours.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless it displays a 
currently valid control number.
    Written comments regarding the above information should be directed 
to the following persons: (i) Desk Officer for the Securities and 
Exchange Commission, Office of Information and Regulatory Affairs, 
Office of Management and Budget, Room 10102, New Executive Office 
Building, Washington, DC 20503 or send an e-mail to Alexander--T.--
Hunt@omb.eop.gov and (ii) R. Corey Booth, Director/Chief Information 
Officer, Securities and Exchange Commission, C/O Shirley Martinson, 
6423 General Green Way, Alexandria, Virginia 22312; or send an e-mail 
to: PRA--Mailbox@sec.gov. Comments must be submitted to OMB within 30 
days of this notice.

    Dated: November 7, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-22510 Filed 11-16-07; 8:45 am]
BILLING CODE 8011-01-P