[Federal Register Volume 61, Number 179 (Friday, September 13, 1996)]
[Notices]
[Page 48515]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-23500]


=======================================================================
-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION


Submission for OMB Review; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of Filings and Information Services, Washington, DC 
20549
New:
    Proposed Rule 17Ad-17, SEC File No. 270-412, OMB Control No. 3235--
new
    Proposed Rule 17a-24, SEC File No. 270-426, OMB Control No. 3235--
new

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (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 on the following proposed rules:
    Proposed Rule 17Ad-17 would require that transfer agents conduct 
searches using third party database vendors to attempt to locate lost 
securityholders. Approximately 1,500 respondents will incur a combined 
estimated average burden of 7,500 hours to comply with proposed Rule 
17Ad-17. The estimated annual cost industry-wide is estimated at 
$500,000. There will be no cost to the Federal Government.
    Proposed Rule 17a-24 would require members of national securities 
exchanges, registered brokers, registered dealers, registered transfer 
agents, and registered municipal securities dealers to file 
electronically with the Commission on an annual basis a list of the 
taxpayer identification numbers of all lost securityholders contained 
in such respondents' records.
    Approximately 2,150 respondents will incur a combined estimated 
average burden of 4,300 hours to comply with the proposed Rule 17a-24. 
The estimated average annual cost burden for all respondents to comply 
with proposed Rule 17a-24 is $129,000. If the respondents submit data 
through EDGAR, the estimated cost to the Federal Government is 
$100,000.
    General comments regarding the estimated burden hours should be 
directed to the Desk Officer for the Securities and Exchange Commission 
at the address below. Any comments concerning the accuracy of the 
estimated average burden hours for compliance with Commission rules and 
forms should be directed to Michael E. Bartell, Associate Executive 
Director, Office of Information Technology, Securities and Exchange 
Commission, 450 Fifth Street, NW., Washington, DC 20549 and Desk 
Officer for the Securities and Exchange Commission, Office of 
Information and Regulatory Affairs, Office of Management and Budget, 
Room 3208, New Executive Office Building, Washington, DC 20503.

    Dated: September 6, 1996.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 96-23500 Filed 9-12-96; 8:45 am]
BILLING CODE 8010-01-M