President's Council of Advisors on Science and Technology Meeting, 72224-72225 [2011-30095]
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Federal Register / Vol. 76, No. 225 / Tuesday, November 22, 2011 / Notices
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Dated: November 17, 2011.
Rochelle C. Bavol,
Policy Coordinator, Office of the Secretary.
[FR Doc. 2011–30239 Filed 11–18–11; 4:15 pm]
BILLING CODE 7590–01–P
17:14 Nov 21, 2011
President’s Council of Advisors on
Science and Technology Meeting
Office of Science and
Technology Policy.
ACTION: Notice of meeting.
AGENCY:
Tuesday, December 13, 2011
VerDate Mar<15>2010
OFFICE OF SCIENCE AND
TECHNOLOGY POLICY
Jkt 226001
This notice sets forth the
schedule and summary agenda for a
conference call of the President’s
Council of Advisors on Science and
Technology (PCAST), and describes the
functions of the Council. Notice of this
meeting is required under the Federal
Advisory Committee Act (FACA), 5
U.S.C., App. The purpose of this
conference call is to discuss PCAST’s
report on undergraduate science,
technology, engineering, and
mathematics (STEM) education.
DATES: The public conference call will
be held on Monday, December 12, 2011
(4:30 p.m. to 5 p.m., Eastern Time (ET)).
To receive the call-in information,
attendees should register for the
conference call on the PCAST Web site,
https://www.whitehouse.gov/ostp/pcast
no later than 12 p.m. Eastern Time on
Thursday, December 8, 2011.
FOR FURTHER INFORMATION CONTACT:
Information regarding the meeting
agenda, time, and how to register for the
meeting is available on the PCAST Web
site at: https://whitehouse.gov/ostp/
pcast. Questions about the conference
call should be directed to Dr. Deborah
D. Stine, PCAST Executive Director, at
dstine@ostp.eop.gov, (202) 456–6006.
SUPPLEMENTARY INFORMATION: The
President’s Council of Advisors on
Science and Technology (PCAST) is an
advisory group of the nation’s leading
scientists and engineers, appointed by
the President to augment the science
and technology advice available to him
from inside the White House and from
cabinet departments and other Federal
agencies. See the Executive Order at
https://www.whitehouse.gov/ostp/pcast.
PCAST is consulted about and provides
analyses and recommendations
concerning a wide range of issues where
understandings from the domains of
science, technology, and innovation
may bear on the policy choices before
the President. PCAST is administered
by the Office of Science and Technology
Policy (OSTP). PCAST is co-chaired by
Dr. John P. Holdren, Assistant to the
President for Science and Technology,
and Director, Office of Science and
Technology Policy, Executive Office of
the President, The White House; and Dr.
Eric S. Lander, President, Broad
Institute of the Massachusetts Institute
of Technology and Harvard.
SUMMARY:
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Type of Meeting: Open.
Proposed Schedule and Agenda: The
President’s Council of Advisors on
Science and Technology (PCAST) is
scheduled to hold a conference call in
open session on December 12, 2011
from 4:30 p.m. to 5 p.m.
During the conference call, PCAST
will discuss its report on undergraduate
STEM education. Additional
information and the agenda, including
any changes that arise, will be posted at
the PCAST Web site at: https://
whitehouse.gov/ostp/pcast.
Public Comments: It is the policy of
the PCAST to accept written public
comments of any length, and to
accommodate oral public comments
whenever possible. The PCAST expects
that public statements presented at its
meetings will not be repetitive of
previously submitted oral or written
statements.
The public comment period for this
meeting will take place on December 12,
2011 at a time specified in the meeting
agenda posted on the PCAST Web site
at https://whitehouse.gov/ostp/pcast.
This public comment period is designed
only for substantive commentary on
PCAST’s work, not for business
marketing purposes.
Oral Comments: To be considered for
the public speaker list at the meeting,
interested parties should register to
speak at https://whitehouse.gov/ostp/
pcast, no later than 12 p.m. Eastern
Standard Time on December 8, 2011.
Phone or email reservations to be
considered for the public speaker list
will not be accepted. To accommodate
as many speakers as possible, the time
for public comments will be limited to
two (2) minutes per person, with a total
public comment period of 10 minutes.
If more speakers register than there is
space available on the agenda, PCAST
will randomly select speakers from
among those who applied. Those not
selected to present oral comments may
always file written comments with the
committee as described below.
Written Comments: Although written
comments are accepted until the date of
the meeting, written comments should
be submitted to PCAST no later than 12
p.m. Eastern Time on December 7, 2011,
so that the comments may be made
available to the PCAST members prior
to the meeting for their consideration.
Information regarding how to submit
comments and documents to PCAST is
available at https://whitehouse.gov/ostp/
pcast in the section entitled ‘‘Connect
with PCAST.’’
Please note that because PCAST
operates under the provisions of FACA,
all public comments and/or
presentations will be treated as public
E:\FR\FM\22NON1.SGM
22NON1
Federal Register / Vol. 76, No. 225 / Tuesday, November 22, 2011 / Notices
documents and will be made available
for public inspection, including being
posted on the PCAST Web site.
Meeting Accommodations:
Individuals requiring special
accommodation to access this public
meeting should contact Dr. Stine at least
ten business days prior to the meeting
so that appropriate arrangements can be
made.
Ted Wackler,
Deputy Chief of Staff,
[FR Doc. 2011–30095 Filed 11–21–11; 8:45 am]
BILLING CODE P
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
mstockstill on DSK4VPTVN1PROD with NOTICES
Extension:
Rule 17f–2; SEC File No. 270–233; OMB
Control No. 3235–0223.
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 350l et seq.), the Securities
and Exchange Commission (the
‘‘Commission’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
Rule 17f–2 (17 CFR 270.17f–2) under
the Investment Company Act of 1940
(the ‘‘Act’’) (15 U.S.C. 80a–1) is entitled:
‘‘Custody of Investments by Registered
Management Investment Company.’’
Rule 17f–2 establishes safeguards for
arrangements in which a registered
management investment company
(‘‘fund’’) is deemed to maintain custody
of its own assets, such as when the fund
maintains its assets in a facility that
provides safekeeping but not custodial
services. The rule includes several
recordkeeping or reporting
requirements. The fund’s directors must
prepare a resolution designating not
more than five fund officers or
responsible employees who may have
access to the fund’s assets. The
designated access persons (two or more
of whom must act jointly when
handling fund assets) must prepare a
written notation providing certain
information about each deposit or
withdrawal of fund assets, and must
transmit the notation to another officer
or director designated by the directors.
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17:14 Nov 21, 2011
Jkt 226001
Independent public accountants must
verify the fund’s assets at least three
times a year and two of the
examinations must be unscheduled.
The requirement that directors
designate access persons is intended to
ensure that directors evaluate the
trustworthiness of insiders who handle
fund assets. The requirements that
access persons act jointly in handling
fund assets, prepare a written notation
of each transaction, and transmit the
notation to another designated person
are intended to reduce the risk of
misappropriation of fund assets by
access persons, and to ensure that
adequate records are prepared, reviewed
by a responsible third person, and
available for examination by the
Commission’s examination staff. The
requirement that auditors verify fund
assets without notice twice each year is
intended to provide an additional
deterrent to the misappropriation of
fund assets and to detect any
irregularities.
The Commission staff estimates that
each fund makes 974 responses and
spends an average of 252 hours annually
in complying with the rule’s
requirements.1 Commission staff
estimates that on an annual basis it
takes: (i) 0.5 hours of fund accounting
personnel at a total cost of $82.50 to
draft director resolutions; 2 (ii) 0.5 hours
of the fund’s board of directors at a total
cost of $2,000 to adopt the resolution;
(iii) 244 hours for the fund’s accounting
personnel at a total cost of $60,388 to
prepare written notations of
transactions; 3 and (iv) 7 hours for the
fund’s accounting personnel at a total
cost of $1,155 to assist the independent
public accountants when they perform
verifications of fund assets.4
Approximately 243 funds rely upon rule
17f–2 annually.5 Thus, the total annual
1 The 971 responses are: 1 (one) response to draft
and adopt the resolution and 973 notations.
Estimates of the number of hours are based on
conversations with individuals in the mutual fund
industry. The actual number of hours may vary
significantly depending on individual fund assets.
2 This estimate is based on the following
calculation: 0.5 (burden hours per fund) × $165
(fund senior accountant’s hourly rate) = $82.50.
3 Respondents estimated that each fund makes
974 responses on an annual basis and spent a total
of 0.25 hours per response. The fund personnel
involved are Fund Payable Manager ($157 hourly
rate), Fund Operations Manager ($331 hourly rate)
and Fund Accounting Manager ($257 hourly rate).
The weighted hourly rate of these personnel is
$248. The estimated cost of preparing notations is
based on the following calculation: 974 × 0.25 ×
$248 = $60,388.
4 This estimate is based on the following
calculation: 7 × $165 (fund senior accountant
hourly rate) = $1,155.
5 Based on a review of Form N–17f–2 filings for
calendar years 2008–2010, each year approximately
243 funds file Form N–17f–2 with the Commission.
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72225
hour burden for rule 17f–2 is estimated
to be 61,236 hours.6 Based on the total
costs per fund listed above, the total
cost of the Rule 17f–2’s collection of
information requirements is estimated
to be $15.5 million.7
The estimate of average burden hours
is made solely for the purposes of the
Paperwork Reduction Act, and is not
derived from a comprehensive or even
a representative survey or study of the
costs of Commission rules and forms.
Complying with the collections of
information required by rule 17f–2 is
mandatory for those funds that maintain
custody of their own assets. Responses
will not be kept confidential. 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 are invited on: (a)
Whether the collection of information is
necessary for the proper performance of
the functions of the Commission,
including whether the information has
practical utility; (b) the accuracy of the
Commission’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 Thomas Bayer, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Remi PavlikSimon, 6432 General Green Way,
Alexandria, VA 22312; or send an email
to: PRA_Mailbox@sec.gov.
Dated: November 16, 2011.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2011–30072 Filed 11–21–11; 8:45 am]
BILLING CODE 8011–01–P
6 This estimate is based on the following
calculation: 243 (funds) × 252 (total annual hourly
burden per fund) = 61,236 hours for rule. The
annual burden for rule 17f–2 does not include time
spent preparing Form N–17f–2. The burden for
Form N–17f–2 is included in a separate collection
of information.
7 This estimate is based on the following
calculation: $63,625.50 (total annual cost per fund)
× 243 funds = $15,460,997.
E:\FR\FM\22NON1.SGM
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Agencies
[Federal Register Volume 76, Number 225 (Tuesday, November 22, 2011)]
[Notices]
[Pages 72224-72225]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-30095]
=======================================================================
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OFFICE OF SCIENCE AND TECHNOLOGY POLICY
President's Council of Advisors on Science and Technology Meeting
AGENCY: Office of Science and Technology Policy.
ACTION: Notice of meeting.
-----------------------------------------------------------------------
SUMMARY: This notice sets forth the schedule and summary agenda for a
conference call of the President's Council of Advisors on Science and
Technology (PCAST), and describes the functions of the Council. Notice
of this meeting is required under the Federal Advisory Committee Act
(FACA), 5 U.S.C., App. The purpose of this conference call is to
discuss PCAST's report on undergraduate science, technology,
engineering, and mathematics (STEM) education.
DATES: The public conference call will be held on Monday, December 12,
2011 (4:30 p.m. to 5 p.m., Eastern Time (ET)). To receive the call-in
information, attendees should register for the conference call on the
PCAST Web site, https://www.whitehouse.gov/ostp/pcast no later than 12
p.m. Eastern Time on Thursday, December 8, 2011.
FOR FURTHER INFORMATION CONTACT: Information regarding the meeting
agenda, time, and how to register for the meeting is available on the
PCAST Web site at: https://whitehouse.gov/ostp/pcast. Questions about
the conference call should be directed to Dr. Deborah D. Stine, PCAST
Executive Director, at dstine@ostp.eop.gov, (202) 456-6006.
SUPPLEMENTARY INFORMATION: The President's Council of Advisors on
Science and Technology (PCAST) is an advisory group of the nation's
leading scientists and engineers, appointed by the President to augment
the science and technology advice available to him from inside the
White House and from cabinet departments and other Federal agencies.
See the Executive Order at https://www.whitehouse.gov/ostp/pcast. PCAST
is consulted about and provides analyses and recommendations concerning
a wide range of issues where understandings from the domains of
science, technology, and innovation may bear on the policy choices
before the President. PCAST is administered by the Office of Science
and Technology Policy (OSTP). PCAST is co-chaired by Dr. John P.
Holdren, Assistant to the President for Science and Technology, and
Director, Office of Science and Technology Policy, Executive Office of
the President, The White House; and Dr. Eric S. Lander, President,
Broad Institute of the Massachusetts Institute of Technology and
Harvard.
Type of Meeting: Open.
Proposed Schedule and Agenda: The President's Council of Advisors
on Science and Technology (PCAST) is scheduled to hold a conference
call in open session on December 12, 2011 from 4:30 p.m. to 5 p.m.
During the conference call, PCAST will discuss its report on
undergraduate STEM education. Additional information and the agenda,
including any changes that arise, will be posted at the PCAST Web site
at: https://whitehouse.gov/ostp/pcast.
Public Comments: It is the policy of the PCAST to accept written
public comments of any length, and to accommodate oral public comments
whenever possible. The PCAST expects that public statements presented
at its meetings will not be repetitive of previously submitted oral or
written statements.
The public comment period for this meeting will take place on
December 12, 2011 at a time specified in the meeting agenda posted on
the PCAST Web site at https://whitehouse.gov/ostp/pcast. This public
comment period is designed only for substantive commentary on PCAST's
work, not for business marketing purposes.
Oral Comments: To be considered for the public speaker list at the
meeting, interested parties should register to speak at https://whitehouse.gov/ostp/pcast, no later than 12 p.m. Eastern Standard Time
on December 8, 2011. Phone or email reservations to be considered for
the public speaker list will not be accepted. To accommodate as many
speakers as possible, the time for public comments will be limited to
two (2) minutes per person, with a total public comment period of 10
minutes. If more speakers register than there is space available on the
agenda, PCAST will randomly select speakers from among those who
applied. Those not selected to present oral comments may always file
written comments with the committee as described below.
Written Comments: Although written comments are accepted until the
date of the meeting, written comments should be submitted to PCAST no
later than 12 p.m. Eastern Time on December 7, 2011, so that the
comments may be made available to the PCAST members prior to the
meeting for their consideration. Information regarding how to submit
comments and documents to PCAST is available at https://whitehouse.gov/ostp/pcast in the section entitled ``Connect with PCAST.''
Please note that because PCAST operates under the provisions of
FACA, all public comments and/or presentations will be treated as
public
[[Page 72225]]
documents and will be made available for public inspection, including
being posted on the PCAST Web site.
Meeting Accommodations: Individuals requiring special accommodation
to access this public meeting should contact Dr. Stine at least ten
business days prior to the meeting so that appropriate arrangements can
be made.
Ted Wackler,
Deputy Chief of Staff,
[FR Doc. 2011-30095 Filed 11-21-11; 8:45 am]
BILLING CODE P