Submission for Review: Life Insurance Election, Standard Form (SF) 2817, 10757-10758 [2018-04940]

Download as PDF Federal Register / Vol. 83, No. 48 / Monday, March 12, 2018 / Notices Dated at Rockville, Maryland, this 7th day of March 2018. For the Nuclear Regulatory Commission. Tyrone D. Naquin, Project Manager, Fuel Manufacturing Branch, Division of Fuel Cycle Safety, Safeguards and Environmental Review, Office of Nuclear Material Safety and Safeguards. [FR Doc. 2018–04947 Filed 3–9–18; 8:45 am] BILLING CODE 7590–01–P NUCLEAR REGULATORY COMMISSION Advisory Committee on Reactor Safeguards (ACRS); Notice of Meeting of the ACRS Subcommittee on NuScale amozie on DSK30RV082PROD with NOTICES The ACRS Subcommittee on NuScale will hold a meeting on March 21, 2018, at 11545 Rockville Pike, Room T–2B1, Rockville, Maryland 20852. The meeting will be open to public attendance The meetings will be open to public attendance with the exception of portions that may be closed to protect information that is proprietary pursuant to 5 U.S.C. 552b(c)(4). The agenda for the subject meeting shall be as follows: Wednesday, March 21, 2018–1:00 p.m. Until 5:00 p.m. The Subcommittee will discuss the AREVA Topical Report ANP–10337, ‘‘PWR Fuel Assembly Structural Response to Externally Applied Dynamic Excitations.’’ The Subcommittee will hear presentations by and hold discussions with the NRC staff, Framatome staff and other interested persons regarding this matter. The Subcommittee will gather information, analyze relevant issues and facts, and formulate proposed positions and actions, as appropriate, for deliberation by the Full Committee. Members of the public desiring to provide oral statements and/or written comments should notify the Designated Federal Official (DFO), Michael Snodderly (Telephone 301–415–2241 or Email: Michael.Snodderly@nrc.gov) five days prior to the meeting, if possible, so that appropriate arrangements can be made. Thirty-five hard copies of each presentation or handout should be provided to the DFO thirty minutes before the meeting. In addition, one electronic copy of each presentation should be emailed to the DFO one day before the meeting. If an electronic copy cannot be provided within this timeframe, presenters should provide the DFO with a CD containing each presentation at least thirty minutes before the meeting. Electronic recordings will be permitted only during those portions of the meeting VerDate Sep<11>2014 18:12 Mar 09, 2018 Jkt 244001 that are open to the public. Detailed procedures for the conduct of and participation in ACRS meetings were published in the Federal Register on October 4, 2017 (82 FR 46312). Detailed meeting agendas and meeting transcripts are available on the NRC website at https://www.nrc.gov/readingrm/doc-collections/acrs. Information regarding topics to be discussed, changes to the agenda, whether the meeting has been canceled or rescheduled, and the time allotted to present oral statements can be obtained from the website cited above or by contacting the identified DFO. Moreover, in view of the possibility that the schedule for ACRS meetings may be adjusted by the Chairman as necessary to facilitate the conduct of the meeting, persons planning to attend should check with these references if such rescheduling would result in a major inconvenience. If attending this meeting, please enter through the One White Flint North building, 11555 Rockville Pike, Rockville, Maryland. After registering with Security, please contact Mr. Theron Brown (Telephone 301–415– 6702 or 301–415–8066) to be escorted to the meeting room. Dated: March 6, 2018. Mark L. Banks, Chief, Technical Support Branch, Advisory Committee on Reactor Safeguards. [FR Doc. 2018–04837 Filed 3–9–18; 8:45 am] BILLING CODE P OFFICE OF PERSONNEL MANAGEMENT Submission for Review: Life Insurance Election, Standard Form (SF) 2817 Office of Personnel Management. ACTION: 30-Day notice and request for comments. AGENCY: The Federal Employee Insurance Operations (FEIO), Healthcare & Insurance, Office of Personnel Management (OPM) offers the general public and other Federal agencies the opportunity to comment on a reinstatement with change of an expired information collection, Life Insurance Election, SF 2817. DATES: Comments are encouraged and will be accepted until April 11, 2018. ADDRESSES: Interested persons are invited to submit written comments on the proposed information collection to the Office of Information and Regulatory Affairs, Office of Management and Budget, 725 17th Street NW, SUMMARY: PO 00000 Frm 00102 Fmt 4703 Sfmt 4703 10757 Washington, DC 20503, Attention: Desk Officer for the Office of Personnel Management or sent via electronic mail to oira_submission@omb.eop.gov or faxed to (202) 395–6974. FOR FURTHER INFORMATION CONTACT: A copy of this information collection, with applicable supporting documentation, may be obtained by contacting the Retirement Services Publications Team, Office of Personnel Management, 1900 E Street NW, Room 3316–L, Washington, DC 20415, Attention: Cyrus S. Benson, or sent via electronic mail to Cyrus.Benson@opm.gov or faxed to (202) 606–0910. SUPPLEMENTARY INFORMATION: As required by the Paperwork Reduction Act of 1995 (Pub. L. 104–13, 44 U.S.C. chapter 35) as amended by the ClingerCohen Act (Pub. L. 104–106), OPM is soliciting comments for this collection. The information collection (OMB No. 3206–0230) was previously published in the Federal Register on May 26, 2017, at 82 FR 24404, allowing for a 60-day public comment period. No comments were received for this collection. The purpose of this notice is to allow an additional 30 days for public comments. The Office of Management and Budget is particularly interested in comments that: 1. Evaluate whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; 2. Evaluate the accuracy of the agency’s estimate of the burden of the proposed collection of information, including the validity of the methodology and assumptions used; 3. Enhance the quality, utility, and clarity of the information to be collected; and 4. Minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology, e.g., permitting electronic submissions of responses. Standard Form 2817 is used by federal employees and assignees (those who have acquired control of an employee/annuitant’s coverage through an assignment or ‘‘transfer’’ of the ownership of the life insurance). Clearance of this form for use by active Federal employees is not required according to Paperwork Reduction Act. Therefore, only the use of this form by assignees, i.e. members of the public, is subject to the Paperwork Reduction Act. E:\FR\FM\12MRN1.SGM 12MRN1 10758 Federal Register / Vol. 83, No. 48 / Monday, March 12, 2018 / Notices Analysis Agency: Federal Employee Insurance Operations, Healthcare & Insurance, Office of Personnel Management Title: Life Insurance Election. OMB Number: 3206–0230. Frequency: On occasion. Affected Public: Individual or Households. Number of Respondents: 150. Estimated Time per Respondent: 15 minutes. Total Burden Hours: 38 hours. U.S. Office of Personnel Management. Kathleen M. McGettigan, Acting Director. [FR Doc. 2018–04940 Filed 3–9–18; 8:45 am] BILLING CODE 6325–38–P SECURITIES AND EXCHANGE COMMISSION Proposed Collection; Comment Request Upon Written Request, Copies Available From: Securities and Exchange Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 20549–2736 amozie on DSK30RV082PROD 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), entitled ‘‘Custody of Investments by Registered Management Investment Company,’’ was adopted in 1940 under section 17(f) of the Investment Company Act of 1940 (15 U.S.C. 80a-17(f)) (the ‘‘Act’’), and was last amended materially in 1947. 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.1 The rule includes several recordkeeping or reporting requirements. The fund’s 1 The rule generally requires all assets to be deposited in the safekeeping of a ‘‘bank or other company whose functions and physical facilities are supervised by Federal or State authority.’’ The fund’s securities must be physically segregated at all times from the securities of any other person. VerDate Sep<11>2014 18:12 Mar 09, 2018 Jkt 244001 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. An independent public accountant must verify the fund’s assets three times each year, and two of those examinations must be unscheduled.2 Rule 17f–2’s 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. 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.3 Commission staff estimates that on an annual basis it takes: (i) 0.5 hours of fund accounting personnel at a total cost of $102 to draft director resolutions;4 (ii) 0.5 hours of the fund’s board of directors at a total 2 The accountant must transmit to the Commission promptly after each examination a certificate describing the examination on Form N– 17f–2. The third (scheduled) examination may coincide with the annual verification required for every fund by section 30(g) of the Act (15 U.S.C. 80a–29(g)). 3 The 974 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 fund industry. The actual number of hours may vary significantly depending on individual fund assets. 4 This estimate is based on the following calculation: 0.5 (burden hours per fund) × $204 (senior accountant’s hourly rate) = $102. Unless otherwise indicated, the hourly wage figures used herein are from the Securities Industry and Financial Markets Association’s Management & Professional Earnings in the Securities Industry 2013, modified by Commission staff to account for an 1,800-hour work-year and inflation, and multiplied by 5.35 to account for bonuses, firm size, employee benefits and overhead. PO 00000 Frm 00103 Fmt 4703 Sfmt 4703 cost of $2,233 to adopt the resolution; 5 (iii) 244 hours for the fund’s accounting personnel at a total cost of $65,745 to prepare written notations of transactions; 6 and (iv) 7 hours for the fund’s accounting personnel at a total cost of $1,428 to assist the independent public accountants when they perform verifications of fund assets.7 Commission staff estimates that approximately 206 funds file Form N– 17f–2 each year.8 Thus, the total annual hour burden for rule 17f–2 is estimated to be 51,912 hours.9 Based on the total costs per fund listed above, the total cost of rule 17f–2’s collection of information requirements is estimated to be approximately $13.5 million.10 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 5 The estimate for the cost of board time as a whole is derived from estimates made by the staff regarding typical board size and compensation that is based on information received from fund representatives and publicly available sources. 6 Respondents estimated that each fund makes 974 responses on an annual basis and spends a total of 0.25 hours per response. The fund personnel involved are Accounts Payable Manager ($192 hourly rate), Operations Manager ($345 hourly rate) and Accounting Manager ($274 hourly rate). The average hourly rate of these personnel is $270. The estimated cost of preparing notations is based on the following calculation: 974 × 0.25 × $270 = $65,745. 7 This estimate is based on the following calculation: 7 × $204 (senior accountant’s hourly rate) = $1,428. 8 On average, each year approximately 206 funds filed Form N–17f–2 with the Commission during calendar years 2015–2017. 9 This estimate is based on the following calculation: 206 (funds) × 252 (total annual hourly burden per fund) = 51,912 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. 10 This estimate is based on the following calculation: $65,745 (total annual cost per fund) × 206 funds = $13,543,470. E:\FR\FM\12MRN1.SGM 12MRN1

Agencies

Office of Personnel Management

[Federal Register Volume 83, Number 48 (Monday, March 12, 2018)]
[Notices]
[Pages 10757-10758]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-04940]


=======================================================================
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OFFICE OF PERSONNEL MANAGEMENT


Submission for Review: Life Insurance Election, Standard Form 
(SF) 2817

AGENCY: Office of Personnel Management.

ACTION: 30-Day notice and request for comments.

-----------------------------------------------------------------------

SUMMARY: The Federal Employee Insurance Operations (FEIO), Healthcare & 
Insurance, Office of Personnel Management (OPM) offers the general 
public and other Federal agencies the opportunity to comment on a 
reinstatement with change of an expired information collection, Life 
Insurance Election, SF 2817.

DATES: Comments are encouraged and will be accepted until April 11, 
2018.

ADDRESSES: Interested persons are invited to submit written comments on 
the proposed information collection to the Office of Information and 
Regulatory Affairs, Office of Management and Budget, 725 17th Street 
NW, Washington, DC 20503, Attention: Desk Officer for the Office of 
Personnel Management or sent via electronic mail to 
[email protected] or faxed to (202) 395-6974.

FOR FURTHER INFORMATION CONTACT: A copy of this information collection, 
with applicable supporting documentation, may be obtained by contacting 
the Retirement Services Publications Team, Office of Personnel 
Management, 1900 E Street NW, Room 3316-L, Washington, DC 20415, 
Attention: Cyrus S. Benson, or sent via electronic mail to 
[email protected] or faxed to (202) 606-0910.

SUPPLEMENTARY INFORMATION: As required by the Paperwork Reduction Act 
of 1995 (Pub. L. 104-13, 44 U.S.C. chapter 35) as amended by the 
Clinger-Cohen Act (Pub. L. 104-106), OPM is soliciting comments for 
this collection. The information collection (OMB No. 3206-0230) was 
previously published in the Federal Register on May 26, 2017, at 82 FR 
24404, allowing for a 60-day public comment period. No comments were 
received for this collection. The purpose of this notice is to allow an 
additional 30 days for public comments. The Office of Management and 
Budget is particularly interested in comments that:
    1. Evaluate whether the proposed collection of information is 
necessary for the proper performance of the functions of the agency, 
including whether the information will have practical utility;
    2. Evaluate the accuracy of the agency's estimate of the burden of 
the proposed collection of information, including the validity of the 
methodology and assumptions used;
    3. Enhance the quality, utility, and clarity of the information to 
be collected; and
    4. Minimize the burden of the collection of information on those 
who are to respond, including through the use of appropriate automated, 
electronic, mechanical, or other technological collection techniques or 
other forms of information technology, e.g., permitting electronic 
submissions of responses.
    Standard Form 2817 is used by federal employees and assignees 
(those who have acquired control of an employee/annuitant's coverage 
through an assignment or ``transfer'' of the ownership of the life 
insurance). Clearance of this form for use by active Federal employees 
is not required according to Paperwork Reduction Act. Therefore, only 
the use of this form by assignees, i.e. members of the public, is 
subject to the Paperwork Reduction Act.

[[Page 10758]]

Analysis

    Agency: Federal Employee Insurance Operations, Healthcare & 
Insurance, Office of Personnel Management
    Title: Life Insurance Election.
    OMB Number: 3206-0230.
    Frequency: On occasion.
    Affected Public: Individual or Households.
    Number of Respondents: 150.
    Estimated Time per Respondent: 15 minutes.
    Total Burden Hours: 38 hours.

U.S. Office of Personnel Management.
Kathleen M. McGettigan,
Acting Director.
[FR Doc. 2018-04940 Filed 3-9-18; 8:45 am]
 BILLING CODE 6325-38-P

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