[Federal Register Volume 61, Number 215 (Tuesday, November 5, 1996)]
[Notices]
[Pages 56979-56980]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-28312]


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


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.
Revision
    Rule 17a-3--SEC File No. 270-26--OMB Control No. 3235-0033.
    Rule 17a-4--SEC File No. 270-198--OMB Control No. 3235-0279.
    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 of revisions on previously approved 
collections of information:
    Rule 17a-3 requires exchange members, broker and dealers to make 
and keep current certain records relating to a broker's or dealer's 
financial

[[Page 56980]]

condition as well as records reflecting certain employee and principal 
information. It is estimated that approximately 8,500 respondents will 
comply with this rule for a total annual burden of 2,542,163 hours.
    Rule 17a-4 requires exchange members, brokers and dealers to 
preserve for prescribed periods of time certain records required to be 
made by Rule 17a-3. In addition, Rule 17a-4 requires the preservation 
of records required to be made by other Commission rules and other 
kinds of records which firms make or receive in the ordinary course of 
business. These include, but are not limited to, bank statements, 
cancelled checks, bills receivable and payable, originals of 
communications, and descriptions of various transactions. It is 
estimated that approximately 8,500 respondents will comply with this 
rule for a total annual burden of 2,158,830 hours.
    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, N.W., Washington, D.C. 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, D.C. 20503.

    Dated: October 24, 1996.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 96-28312 Filed 11-4-96; 8:45 am]
BILLING CODE 8010-01-M