[Federal Register Volume 59, Number 135 (Friday, July 15, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-17102]
[[Page Unknown]]
[Federal Register: July 15, 1994]
_______________________________________________________________________
Part II
Securities and Exchange Commission
_______________________________________________________________________
17 CFR Part 228, et al.
Rulemaking for EDGAR System and Adoption of Updated Filer Manual; Final
Rules and Proposed Rules
SECURITIES AND EXCHANGE COMMISSION
17 CFR Parts 228, 229, 230 and 259
[Release Nos. 33-7072; 34-34330; 35-26079; IC-20388]
RIN 3235-AC48
Rulemaking for EDGAR System
AGENCY: Securities and Exchange Commission.
ACTION: Final rules.
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SUMMARY: The Securities and Exchange Commission (``Commission'') is
announcing the implementation of Financial Data Schedules required to
be furnished in connection with certain electronic filings processed by
the Divisions of Corporation Finance or Investment Management that are
submitted on the Electronic Data Gathering, Analysis, and Retrieval
(``EDGAR'') system. Financial Data Schedules will be required
commencing on September 1, 1994. The Commission also is adopting
technical and clarifying amendments to the Financial Data Schedule
rules.
EFFECTIVE DATE: The effective date of the rule changes is September 1,
1994. Implementation of Financial Data Schedule requirements will
commence with filings made on or after September 1, 1994.
FOR FURTHER INFORMATION CONTACT: For Division of Corporation Finance
filings, Barbara C. Jacobs or James R. Budge, Office of Disclosure
Policy, at (202) 942-2910, or Sylvia J. Reis, CF EDGAR Policy, at (202)
942-2940. For Division of Investment Management filings, Anthony A.
Vertuno, EDGAR IM Project, at (202) 942-0591. For filings under the
Public Utility Holding Company Act of 1935, David Marsh, Office of
Public Utility Regulation, at (202) 942-0558.
SUPPLEMENTARY INFORMATION: The Commission is announcing the
implementation of Financial Data Schedule requirements and also
adopting revisions to Item 601(c)(1)(ii)1 of Regulations S-B2
and S-K,3 and is adding new paragraph (c)(2)(iv)4 thereto.
The Commission also is adopting revisions to paragraph (e) of Rule
4835 and Form U-13-60.6
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\1\17 CFR 228.601(c)(1)(ii) and 17 CFR 229.601(c)(1)(ii).
\2\17 CFR part 228.
\3\17 CFR part 229.
\4\17 CFR 228.601(c)(2)(iv) and 17 CFR 229.601(c)(2)(iv).
\5\17 CFR 230.483(e).
\6\17 CFR 259.313.
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I. Implementation of Financial Data Schedules in Connection With
Division of Corporation Finance and Division of Investment Management
Filings
On February 23, 1993, the Commission adopted interim rules to
implement mandated electronic filing on the EDGAR system for
registrants whose filings are processed by the Divisions of Corporation
Finance and Investment Management and for those making filings with
respect to such registrants.7 These rules included provisions
requiring electronic filers to furnish Financial Data Schedules. A
Financial Data Schedule is an exhibit that will contain financial
information extracted or derived from financial data within a filing
that is marked (or ``tagged'') to allow electronic manipulation of such
information.8
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\7\Release Nos. 33-6977 (February 23, 1993) (58 FR 14628)
(``Corporation Finance Release''); IC-19284 (February 23, 1993) (58
FR 14848) (``Investment Company Release''); and 35-25746 (February
23, 1993) (58 FR 14999) (``Public Utility Release''), cumulatively
referred to as the ``Adopting Releases''.
\8\For a complete discussion of Financial Data Schedules, see
Section IV.D of the Corporation Finance Release. See also Section
IV.D of the Investment Company Release and Section IV of the Public
Utility Release.
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While most provisions of the interim rules became effective on
April 26, 1993, the Financial Data Schedule provisions initially were
to become effective on November 1, 1993, in order to provide additional
time for system programming. However, on September 28, 1993, the
Commission's Office of Information Technology announced that Financial
Data Schedules would not be accepted by the EDGAR system until sometime
in the second quarter of 1994.9 The Commission announces today
that the EDGAR system's capacity to accept and process Financial Data
Schedules has been fully developed and tested. As a result, Financial
Data Schedules will be required to be submitted in connection with
filings made on or after September 1, 1994.
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\9\See Release No. 34-32971 (September 28, 1993) (58 FR 51659).
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As discussed more fully in the Adopting Releases, Financial Data
Schedules are required to be submitted with electronic filings under
the Securities Act of 1933 (``Securities Act'')10 and the
Securities Exchange Act of 1934 (``Exchange Act'')11 that contain
updated financial information (other than through incorporation by
reference) and with designated filings under the Investment Company Act
of 194012 and the Public Utility Holding Company Act of 1935
(``1935 Act'').13 Advance copies of the EDGAR Filer Manual and
EDGARLink version 3.5, which support construction of Financial Data
Schedules, were made available to the public in April 1994; minor
modifications will be made available prior to the mandated
implementation date. This distribution scheme was chosen to allow
mandated electronic filers ample time to commence test filings in
advance of the September 1994 implementation date.14
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\1\015 U.S.C. 77a et seq.
\1\115 U.S.C. 78a et seq.
\1\215 U.S.C. 80a-1 et seq.
\1\315 U.S.C. 79a et seq.
\1\4The Commission is adopting the EDGAR Filer Manual for
EDGARLink version 3.5 concurrently with this release; the updated
Filer Manual also has an effective date of September 1, 1994. See
Release No. 33-7073 (July 8, 1994).
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After Financial Data Schedule requirements are implemented, an
electronic filer's failure to furnish a schedule will not prevent
acceptance of the filing for which the schedule is required. However,
inasmuch as the schedule may be used by the Commission staff,
processing of the filing may be delayed pending filing of the schedule.
Further, electronic filers that have not filed a required Financial
Data Schedule will be ineligible to use Form S-2,15 Form S-
3,16 and Form S-8.17 If a filing is made without a required
Financial Data Schedule, or if a schedule is submitted with errors and
is therefore identified by EDGAR as a ``flawed'' exhibit, the filer
must remedy the omission or flawed schedule by submitting a correctly
compiled schedule as an amendment to the original filing.18
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\1\517 CFR 239.12.
\1\617 CFR 239.13.
\1\717 CFR 239.16b. In addition, accelerated effectiveness will
not be available for registration statements that do not contain
required Financial Data Schedules.
\1\8If the amendment is solely for the purpose of adding or
revising this exhibit, the filing may consist of the cover page,
signature page, exhibit index, and the new or revised exhibit. The
rest of the filing need not be resubmitted.
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II. Clarifying Amendments and Other Matters Involving Division of
Corporation Finance Filings
A. Rule Changes
In the Adopting Releases, the Commission solicited comments or
suggestions from interested parties relating to the Financial Data
Schedule requirements. In response, the Commission received three
comment letters.19 Filers generally have reacted favorably to the
changes made to the proposed Financial Data Schedule requirements now
embodied in the adopted rules. However, in response to questions from
filers, the Commission is adopting technical and clarifying amendments
to Item 601(c) of Regulations S-B and S-K20 to provide registrants
with a clearer understanding of the filing requirements relating to
Financial Data Schedules.
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\1\9These letters are available for inspection in the
Commission's public reference room, File No. S7-6-93.
\2\017 CFR 228.601(c) and 17 CFR 229.601(c). For purposes of
this release, any references to Item 601 of Relation S-K also
pertain to Item 601(c) of Regulation S-B.
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Because the amendments adopted today are merely technical
corrections to clarify existing requirements and relate generally to
agency procedure or practice, proposal for comment is not required
under the Administrative Procedure Act.21 Further, the Commission
finds good cause under section 553(b) of that Act for not publishing
the amendments for comment because such publication is unnecessary. The
rules being amended were adopted after notice and opportunity for
public comment, and no substantive obligations will change as a result
of the amendments. The changes are responsive to filer concerns raised
with the staff relating to ambiguity in the current language of the
rules. Since no public comment is required, it follows that this
rulemaking is not subject to the requirements of the Regulatory
Flexibility Act.22
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\2\15 U.S.C. 553(b).
\2\25 U.S.C. 603, 604.
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1. Periods Covered in Financial Data Schedule
As adopted, Item 601(c) states that subsequent to becoming subject
to mandated electronic filing, any electronic filing that includes
financial statements of the registrant:
For a recent fiscal year or interim year to date period, or
both, for which financial statements have not previously been filed,
otherwise than by incorporation by reference, shall include as an
exhibit a Financial Data Schedule containing information for the
updating period or periods (emphasis added).23
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\2\3Item 601(c)(1)(ii) of Regulations S-B and S-K.
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Some filers have expressed uncertainty about the meaning of the
term ``updating period'' as it relates to income statements included in
quarterly reports on Form 10-Q, asking if the schedule should include
information only for the period of the report, that is, one quarter's
information, or if cumulative year to date information should be
included, or both.24 In the Corporation Finance Release, the
Commission explained that information would be required for the interim
year to date period (e.g., nine months in the third quarter Form 10-
Q).25 Accordingly, the Commission is amending the language of Item
601(c) to clearly state that information is required for the most
recent annual or interim year to date periods (or both if included in a
registration statement to which the schedule relates).26
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\2\4A summary of staff telephone conversations on this point is
available for inspection in the Commission's public reference room,
File No. S7-6-93.
\2\5See Section IV.D.3 of the Corporation Finance Release.
\2\6A Financial Data Schedule furnished with a Securities Act
registration statement that includes financial information for both
annual and interim periods would include two columns of data--one
column for the annual period, and another for the interim period.
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2. Representing Immaterial or Inapplicable Values
Filers must furnish a value corresponding to each line item
required in the various schedules.27 One commenter suggested that
a ``N/A'' (not applicable) designation be allowed in response to a
Financial Data Schedule line item where corresponding information was
omitted from the underlying financial statements because it was
immaterial or inapplicable, as permitted by Regulation S-X.28
Because of system design considerations, an ``N/A'' designation is not
feasible. However, in order to address the issue, the Commission is
amending Item 601(c) to provide specifically that if an item is
inappropriate or immaterial in the underlying financial statements, a
filer must place a ``0'' (zero) next to the appropriate tag in the
Financial Data Schedule. This will inform the EDGAR system that the
data entry cannot be used for ratio calculations or other arithmetic
functions.
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\2\7If a consolidated totals schedule (Schedule CT) is used with
two or more partial schedules applicable to disparate industry
segments of a single conglomerate corporation, a value is required
for each item in the Schedule CT itself. Tags and values for
inapplicable or immaterial items in the associated schedules are not
required to be included; if, however, tags for such items are
included, a value ``0'' (zero) is required.
\2\817 CFR part 210.
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3. No Schedule Required With Form 11-K
Financial Data Schedules were never intended to be required in
connection with reports on Form 11-K, the annual report for employee
stock purchase, savings and similar plans,29 and consequently, no
affirmative obligation to submit a Schedule was adopted in Regulation
S-K, Regulation S-B or the Form itself. In order to make that policy
clear, a note has been added to Regulation S-K and S-B exempting
filings on Form 11-K from Financial Data Schedule requirements.30
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\2\917 CFR 249.311.
\3\0See new note to paragraph (c)(1)(ii) of Item 601 of
Regulation S-B and Regulation S-K.
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B. Other Matters
1. Schedule To Be Filed by Public Utility Companies and Public Utility
Holding Companies in Connection With Filings Processed by the Division
of Corporation Finance
The adopted rules provide that public utility companies and public
utility holding companies (jointly referred to as ``public utilities'')
must use Schedule UT31 in preparing their Financial Data Schedules
submitted in connection with Division of Corporation Finance
filings.32 One commenter stated that it was unclear when a company
is considered a ``public utility company'' under the Financial Data
Schedule rules. The term ``public utility company'' is defined in the
1935 Act as ``an electric utility company or a gas utility company,''
as those terms are defined in that Act.33 This definition was
intended to apply to the provisions in question.
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\3\1Appendix E to Item 601(c). Schedule UT follows the same
format for the Financial Data Schedule (OPUR1) required in
connection with annual reports filed under the 1935 Act.
\3\2These rules are found at 17 CFR 228.601(c)(3)(v) and 17 CFR
229.601(c)(3)(v).
\3\3See 1935 Act sections 2(a)(3) and 2(a)(4) for definitions of
``electric utility company'' and ``gas utility company'' (15 U.S.C.
79b (a)(3) and (a)(4)).
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The commenter also requested clarification as to whether an option
would be available to a public utility company to choose between
Schedule UT or the Schedule based on Article 5 of Regulation S-
X.34 Generally, public utilities will be required to use Schedule
UT in connection with their filings under the Securities Act or the
Exchange Act. However, as is true with the presentation of other forms
of financial information, in unusual circumstances where a public
utility's financial statements simply would be better reflected by the
use of a Financial Data Schedule other than Schedule UT, appropriate
relief may be granted upon consultation with the staff of the Division
of Corporation Finance.
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\3\4Appendix A to Item 601(c). Article 5 of Regulation S-X is
found at 17 CFR 210.5-01 through 210.5-04.
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2. Interpretation of Items Required by Financial Data Schedules
One commenter expressed concerns that the Financial Data Schedule
captions are not sufficiently specific to encompass all financial
statement reporting components. System constraints necessarily limit
the different types of Financial Data Schedule items to a feasible
number of generic categories, with each item requiring a response.
Although there is an infinite number of possible financial statement
reporting variations, the schedule items can capture only broadly
defined and frequently occurring account types. Consequently, the
flexibility of presentation generally available to registrants in their
financial statements is restricted in the context of Financial Data
Schedules; filers will not be allowed to customize line items in the
schedules by creating new tags or line items.35 Filers must
consider the information in underlying financial statements and
determine the best fit into the line items on the schedule. Financial
Data Schedule line items are not provided for unusual or infrequently
occurring account types. Data relating to such items, however, will be
reflected in relevant totals included in the Financial Data Schedule.
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\3\5EDGARLink version 3.5 includes a facility to aid filers in
the construction of Financial Data Schedules. Filers will be
prompted to insert figures following fixed tag names that correspond
to the various schedule items.
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III. Matters Applicable to Investment Management Filers
A. Technical Revisions to Rule 483(e)
The Commission is amending Rule 483(e) to correct a typographical
error in the Investment Company Release and to conform the Financial
Data Schedule items to revised form requirements adopted by the
Commission and changes in the requirements for preparation of financial
statements under generally accepted accounting principles. In addition,
the Commission is amending Rule 483(e) to provide specifically that, if
an item is inappropriate or immaterial in the underlying financial
statements, a filer must place a ``0'' (zero) next to the appropriate
tag in the Financial Data Schedule.36
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\3\6See new paragraph (e)(3)(iii) of Rule 483. See also supra
Section II.A.2 of this Release.
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B. Technical Revisions to Form U-13-60
The Commission is amending Form U-13-60 to correct a typographical
error in the Public Utility Release.
IV. Statutory Basis
The amendments to Item 601(c) of Regulations S-B and S-K are
promulgated pursuant to Securities Act sections 6, 7, 8, 10 and 19 and
Schedule A; Exchange Act sections 3, 9, 10, 12, 13, 14, 15, 23 and 35A;
1935 Act section 20 and Investment Company Act of 1940 sections 8, 30,
31 and 38. The amendments to Rule 483(e) under the Securities Act are
adopted under: Securities Act sections 2, 6, 7, 8, 10 and 19(a);
Exchange Act sections 3, 12, 13, 14, 15, 23 and 35A; and Investment
Company Act sections 8, 30, 31 and 38. The amendments to 1935 Act Form
U-13-60 are being adopted under sections 5, 6, 7, 10, 12, 13, 14, 17,
and 20 of the 1935 Act.
List of Subjects in 17 CFR Parts 228, 229, 230 and 259
Holding companies; Investment Companies; Reporting and
recordkeeping requirements; Securities.
Text of the Amendments
For the reasons set forth above, title 17, chapter II of the Code
of Federal Regulations is amended as follows:
PART 228--INTEGRATED DISCLOSURE SYSTEM FOR SMALL BUSINESS ISSUERS
1. The authority citation for part 228 continues to read as
follows:
Authority: 15 U.S.C. 77e, 77f, 77g, 77h, 77j, 77k, 77s,
77aa(25), 77aa(26), 77ddd, 77eee, 77ggg, 77hhh, 77jjj, 77nnn, 77sss,
78l, 78m, 78n, 78o, 78w, 78ll, 80a-8, 80a-29, 80a-30, 80a-37, 80b-
11, unless otherwise noted.
2. In Sec. 228.601, by revising paragraph (c)(1)(ii) and by adding
paragraph (c)(2)(iv) to read as follows:
Sec. 228.601 (Item 601) Exhibits.
* * * * *
(c) Financial Data Schedule.--(1) General. (i) * * *
(ii) Any electronic filing that includes financial statements of
the registrant for a recent fiscal year or interim year to date period,
or both, for which financial statements have not previously been filed,
otherwise than by incorporation by reference, shall include as an
exhibit a Financial Data Schedule containing financial information for
such fiscal year or interim year to date periods, or both.
Note: Financial Data Schedules are not required in connection
with annual reports on Form 11-K (Sec. 249.311 of this chapter), for
employee stock purchase, savings and similar plans.
* * * * *
(2) Format and presentation of Financial Data Schedule. * * *
(iv) Except as otherwise provided in the EDGAR Filer Manual, a
response is required for each item called for in the schedule. If
information required by the applicable schedule is not included in the
underlying financial data because it is either immaterial or
inapplicable to the registrant, the registrant shall use the value
``0'' (zero) in response to that item.
* * * * *
PART 229--STANDARD INSTRUCTIONS FOR FILING FORMS UNDER THE
SECURITIES ACT OF 1933, SECURITIES EXCHANGE ACT OF 1934 AND ENERGY
POLICY AND CONSERVATION ACT OF 1975--REGULATION S-K
3. The authority citation for part 229 continues to read in part as
follows:
Authority: 15 U.S.C. 77e, 77f, 77g, 77h, 77j, 77k, 77s,
77aa(25), 77aa(26), 77ddd, 77eee, 77ggg, 77hhh, 77iii, 77jjj, 77nnn,
77sss, 78c, 78i, 78j, 78l, 78m, 78n, 78o, 78w, 78ll(d), 79e, 79n,
79t, 80a-8, 80a-29, 80a-30, 80a-37, 80b-11, unless otherwise noted.
* * * * *
4. In Sec. 229.601, by revising paragraphs (c)(1)(ii) and by adding
paragraph (c)(2)(iv) to read as follows:
Sec. 229.601 (Item 601) Exhibits.
* * * * *
(c) Financial Data Schedule-- (1) General. (i) * * *
(ii) Any electronic filing that includes financial statements of
the registrant for a recent fiscal year or interim year to date period,
or both, for which financial statements have not previously been filed,
otherwise than by incorporation by reference, shall include as an
exhibit a Financial Data Schedule containing financial information for
such fiscal year or interim year to date periods, or both.
Note: Financial Data Schedules are not required in connection
with annual reports on Form 11-K (Sec. 249.311 of this chapter), for
employee stock purchase, savings and similar plans.
* * * * *
(2) Format and presentation of Financial Data Schedule. * * *
(iv) Except as otherwise provided in the EDGAR Filer Manual, a
response is required for each item called for in the schedule. If
information required by the applicable schedule is not included in the
underlying financial data because it is either immaterial or
inapplicable to the registrant, the registrant shall use the value
``0'' (zero) in response to that item.
* * * * *
PART 230--GENERAL RULES AND REGULATIONS, SECURITIES ACT OF 1933
5. The authority citation for part 230 continues to read as
follows:
Authority: 15 U.S.C. 77b, 77f, 77g, 77h, 77j, 77s, 77sss, 78c,
78l, 78m, 78n, 78o, 78w, 78ll(d), 79t, 80a-8, 80a-29, 80a-30, and
80a-37, unless otherwise noted.
6. In Sec. 230.483, by adding paragraph (e)(3)(iii) and by revising
paragraph (e)(4) to read as follows:
Sec. 230.483 Exhibits for certain registration statements, financial
data schedule.
* * * * *
(e) Financial data schedule. * * *
(3) Format and Presentation of Schedule. * * *
(iii) Except as otherwise provided in the EDGAR Filer Manual, a
response is required for each item called for in the schedule. If
information required by the applicable schedule is not included in the
underlying financial data because it is either immaterial or
inapplicable to the registrant, the registrant shall use the value
``0'' (zero) in response to that item.
* * * * *
(4) Contents of Financial Data Schedule. The Schedule shall set
forth the financial information and other data specified below that are
applicable to the registrant.
Article 6 of Regulation S-X
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Item No. Item description
----------------------------------------------------------------------------------------------------------------
6-03-.............................. Investments--cost.
6-04-4............................. Investments.
6-04-6............................. Receivables.
6-04-8............................. Other assets.
Balancing amount to total assets.
6-04-9............................. Total assets.
6-04-.............................. Accounts payable for securities.
6-04-13............................ Senior long-term debt.
Balancing amount to total liabilities.
6-04-14............................ Total liabilities.
6-04-16............................ Senior equity securities.
6-04-16............................ Paid-in-capital--common shareholders.
6-04-16............................ Number of shares or units--current period.
6-04-16............................ Number of shares or units--prior period.
6-04-17(a)......................... Accumulated undistributed net investment income (current year).
Overdistribution of net investment income.
6-04-17(b)......................... Accumulated undistributed net realized gains (losses).
Overdistribution of realized gains.
6-04-17(c)......................... Accumulated net unrealized appreciation (depreciation).
6-04-19............................ Net assets.
6-07-1(a).......................... Dividend income.
6-07-1(b).......................... Interest income.
6-07-1(c).......................... Other income.
6-07-2............................. Expenses--net.
6-07-6............................. Net investment income (loss).
6-07-7(a).......................... Realized gains (losses) on investments.
6-07-7(d).......................... Net increase (decrease) in appreciation (depreciation).
6-07-9............................. Net increase (decrease) in net assets resulting from operations.
6-09-2............................. Net equalization charges and credits.
6-09-3(a).......................... Distributions from net investment income.
6-09-3(b).......................... Distributions from realized gains.
6-09-3(c).......................... Distributions from other sources.
6-09-4(b).......................... Number of shares sold.
6-09-4(b).......................... Number of shares redeemed.
6-09-4(b).......................... Number of shares issued--reinvestment.
6-09-5............................. Total increase (decrease).
6-09-7............................. Accumulated undistributed net investment income (prior year).
6-04-17(b)......................... Accumulated undistributed net realized gains (prior year).
Overdistribution of net investment income (prior year).
Overdistribution of net realized gains (prior year).
----------------------------------------------------------------------------------------------------------------
Form N-SAR
----------------------------------------------------------------------------------------------------------------
72F................................ Gross advisory fees.
72P................................ Interest Expense.
72X................................ Total expenses (gross).
75................................. Average net assets.
----------------------------------------------------------------------------------------------------------------
Form N-1A
----------------------------------------------------------------------------------------------------------------
3(a)............................... Net asset value per share--beginning of period.
3(a)............................... Net investment income (loss) per share.
3(a)............................... Net realized and unrealized gain (loss) per share.
3(a)............................... Dividends per share from net investment income.
3(a)............................... Distributions per share from realized gains.
3(a)............................... Per share returns of capital and distributions from other sources.
3(a)............................... Net asset value per share--end of period.
3(a)............................... Ratio of expenses to average net assets.
3(b)............................... Average debt outstanding during period.
3(b)............................... Average debt outstanding per share.
----------------------------------------------------------------------------------------------------------------
PART 259--FORMS PRESCRIBED UNDER THE PUBLIC UTILITY HOLDING COMPANY
ACT OF 1935
7. The authority citation for part 259 continues to read as
follows:
Authority: 15 U.S.C 79e, 79f, 79g, 79j, 79l, 79m, 79n, 79q, 79t.
Note: The text of the following form and the amendment will not
appear in the Code of Federal Regulations.
8. In Form U-13-60 (referenced in Sec. 259.313), by revising the
Item numbers and caption headings in Schedule XIX to read as follows:
Instructions and Form--Form U-13-60 Annual Report for Mutual and
Subsidiary Service Companies
------------------------------------------------------------------------
Item No. Caption heading
------------------------------------------------------------------------
* * * * * * *
Schedule XIX Financial data schedule
------------------------------------------------------------------------
* * * * * * *
1...................... Net Service Company Property.
2...................... Total Investments.
3...................... Total Current and Accrued Assets.
4...................... Total Deferred Debits.
5...................... Balancing Amount For Total Assets and Other
Debits.
6...................... Total Assets and Other Debits.
7...................... Total Proprietary Capital.
8...................... Total Long-Term Debt.
9...................... Notes Payable.
10..................... Notes Payable to Associate Companies.
11..................... Balancing Amount For Total Current and Accrued
Liabilities.
12..................... Total Deferred Credits.
13..................... Accumulated Deferred Income Taxes.
14..................... Total Liabilities and Proprietary Capital.
15..................... Services Rendered to Associate Companies.
16..................... Services Rendered to Nonassociate Companies.
17..................... Miscellaneous Income or Loss.
18..................... Total Income.
19..................... Salaries and Wages
20..................... Employee Pensions and Benefits.
21..................... Balancing Amount For Total Expenses.
22..................... Total Expenses.
23..................... Net Income (Loss).
24..................... Total Expenses (Direct Costs).
25..................... Total Expenses (Indirect Costs).
26..................... Total Expenses (Total).
27..................... Number Of Personnel End Of Year.
* * * * * * *
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Dated: July 8, 1994.
By the Commission.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 94-17102 Filed 7-14-94; 8:45 am]
BILLING CODE 8010-01-P