[Federal Register Volume 59, Number 109 (Wednesday, June 8, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-13879]


[[Page Unknown]]

[Federal Register: June 8, 1994]


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SECURITIES AND EXCHANGE COMMISSION
 

Rule Under Review by Office of Management and Budget

Agency Clearance Officer: John J. Lane (202) 942-8800.
Upon Written Request, Copy Available From: Securities and Exchange 
Commission, Office of Filings and Information Services, 450 Fifth 
Street, NW., Washington, DC 20549.

New Proposed Rule

Proposed Rule 17f-6--File No. 270-392

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1980 (44 U.S.C. 3501 et seq.), the Securities and Exchange 
Commission has submitted for OMB approval proposed rule 17f-6 under the 
Investment Company Act of 1940.
    The rule would permit registered management investment companies to 
use futures commission merchants (``FCMs'') and commodity clearing 
organizations as custodians of their assets in connection with futures 
contracts and commodity options regulated under the Commodity Exchange 
Act (``CEA'').
    It is estimated that 2,614 total respondents (2,200 investment 
companies, 335 adviser/delegates, and 79 FCMs) may expend an estimated 
17,937 total burden hours meeting the rule's requirements during the 
first year following the adoption of proposed rule 17f-6.
    Direct general comments to the OMB Clearance Officer for the 
Securities and Exchange Commission at the address stated below. Direct 
any comments concerning the accuracy of the estimated average burden 
hours for compliance with SEC rules to John J. Lane, Associate 
Executive Director, Securities and Exchange Commission, 450 Fifth 
Street, NW., Washington, DC 20549, and OMB Clearance Officer for the 
Securities and Exchange Commission, Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Building, Washington, DC 20543.

    Dated: May 18, 1994.
Jonathan G. Katz,
Secretary.
[FR Doc. 94-13879 Filed 6-7-94; 8:45 am]
BILLING CODE 8010-01-M