[Federal Register Volume 59, Number 204 (Monday, October 24, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-26281]


[[Page Unknown]]

[Federal Register: October 24, 1994]


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SECURITIES AND EXCHANGE COMMISSION

 

Request Under Review by Office of Management and Budget

    Acting Agency Clearance Officer: David T. Copenhafer (202) 942-
8800.
    Upon written request copy available from: Securities and Exchange 
Commission, Office of Filings and Information Services, 450 5th Street, 
N.W., Washington, D.C. 20549.

New

    Mutual Fund Telephone Survey: File No. 270-395.
    Mutual Fund Mail Survey: File No. 270-395.
    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 
(``Commission'') has submitted to the Office of Management and Budget 
requests for approval to execute a mutual fund telephone survey and a 
mutual fund mail survey.
    The telephone survey will attempt to assess the public's 
understanding of mutual funds and other financial matters. The results 
will enable the Commission to better understand the level of investor 
comprehension of mutual fund prospectuses and financial issues. The 
telephone survey is divided into two parts; the first is the pretesting 
of the survey questions and the second is the execution of the 
telephone survey.
    It is estimated that 334 people will be contracted during the 
pretesting portion of the survey. Approximately 234 individuals will be 
asked .5 of a minute of questions, the remaining 100 participants will 
be asked about 10 minutes of questions. The time involved for those 
contacted will be 117 minutes and 1,000 minutes respectively. The total 
burden hours for the pretesting portion of the survey is 18.61 hours.
    It is estimated that 8,334 people will be contacted in the second 
phase of the telephone survey. Approximately 5,834 people will be asked 
.5 of a minute of questions, the remaining 2,500 mutual fund share 
holders will be asked 10 minutes of questions. The time involved for 
the first group will be 2,917 minutes and 25,000 minutes respectively. 
The total burden hours for the second phase of the survey will be 
approximately 465.28 hours.
    The total for both portions of the telephone survey is estimated to 
be 483.89 burden hours.
    The mutual fund mail survey will enable the Commission to evaluate 
how knowledgeable and comfortable the individuals are with making 
choices among mutual funds and other financial investments. 
Approximately 1,000 individuals will be asked to answer about 10 
minutes of questions for a total of 166.67 burden hours.
    Direct general comments to the Clearance Officer for the Securities 
and Exchange Commission at the address below. Direct any comments 
concerning the accuracy of the estimated burden hours for compliance 
with the Commission rules and forms to David T. Copenhafer, Acting 
Director, Office of Information Technology, 450 Fifth Street, N.W. 
Washington, D.C. 20549 and the Clearance Officer for the Securities and 
Exchange Commission, Office of Management and Budget, Room 3208, New 
Executive Office Building, Washington, D.C. 20503.

    Dated: October 5, 1994.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 94-26281 Filed 10-21-94; 8:45 am]
BILLING CODE 8010-01-M