[Federal Register Volume 62, Number 200 (Thursday, October 16, 1997)]
[Notices]
[Page 53846]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-27319]


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

SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of Filings and Information Services, Washington, DC 
20549
Extension:
    Rule 15c3-3, SEC File No. 270-87, OMB Control No. 3235-0078

    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'') is soliciting comments on the collection of 
information summarized below. The Commission plans to submit this 
existing collection of information to the Office of Management and 
Budget for extension and approval.
     Rule 15c3-3  Customer Protection--Reserves and Custody of 
Securities
    Rule 15c3-3 (``Rule'') requires registered broker-dealers to 
maintain certain records in connection with their compliance with the 
Rule's requirements that broker-dealers maintain possession and control 
of the segregate customer funds and securities. Commission staff 
estimates that the average number of hours necessary for each broker-
dealer to make the required computations pursuant to the Rule is 2.5 
hours per response. In order to demonstrate compliance with the Rule, 
approximately 326 broker-dealers choose to make a weekly computation 
and 197 broker-dealers choose to make a monthly computation. 
Accordingly, the total is 48,290 hours annually for all broker-dealers, 
based upon past submissions. The average cost per hour is approximately 
$60. Consequently, Commission staff estimates that the annual total 
cost of compliance with the Rule for all broker-dealers is $2,897,400.
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the information shall 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden of the proposed collection of information; (c) ways to 
enhance the quality, utility and clarity of the information to be 
collected; and (d) ways to minimize the burden of the collection of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology. 
Consideration will be given to comments and suggestions submitted in 
writing within 60 days of this publication.
    Please direct your written comments to Michael E. Bartell, 
Associate Executive Director, Office of Information Technology, 
Securities and Exchange Commission, 450 5th Street, NW., Washington, DC 
20549.

    Dated: October 8, 1997.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 97-27319 Filed 10-15-97; 8:45 am]
BILLING CODE 8010-01-M