[Federal Register Volume 63, Number 165 (Wednesday, August 26, 1998)]
[Notices]
[Page 45537]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-22842]


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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.
Extension:
    Rule 45, SEC File No. 270-164, OMB Control No. 3235-0154
    Rule 52, SEC File No. 270-326, OMB Control No. 3235-0369

    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 extension of the previously approved collections of 
information discussed below.
    Rule 45 under the Public Utility Holding Company Act of 1935 (15 
U.S.C. 79A, et seq.) (``Act'') imposes a filing requirement on 
registered holding companies and their subsidiaries under section 12(b) 
of the Act. Under the requirement, the companies must file a 
declaration seeking authority to make loans or otherwise extend credit 
to other companies in the same holding company system. Among others, 
the rule excepts from the filing requirement the performance of payment 
obligations under consolidated tax agreements. The purpose of the rule 
is to ensure that registered holding companies and their subsidiaries 
do not engage in activities that are a detriment to interests the Act 
is designed to protect (i.e., cross-subsidization). The Commission 
estimates that the total annual reporting and recordkeeping burden is 
46 hours. (e.g., 14 recordkeepers  x  approximately 3.3 hours = 
approximately 46 hours).
    It is mandatory that qualifying companies provide the information 
required by rule 45. There is no requirement to keep the information 
confidential because it is public information.
    Rule 52 permits public utility subsidiary companies of registered 
holding companies to issue and sell certain securities without filing a 
declaration if certain conditions are met. The Commission estimates 
that the total annual reporting and recordkeeping burden of collections 
under rule 52 is 33 hours (e.g., 33 responses  x  one hour = 33 burden 
hours).
    There is no recordkeeping requirement of this information 
collection. It is mandatory that qualifying companies provide the 
information required by rule 52. There is no requirement to keep the 
information confidential because it is public information.
    The estimates of average burden hours are made for the purposes of 
the Paperwork Reduction Act and are not derived from a comprehensive or 
even a representative survey or study of the costs of Commission rules 
and forms. It should be noted that ``an agency may not conduct or 
sponsor, and a person is not required to respond to, a collection of 
information unless it displays a currently valid control number.''
    General comments regarding the above information should be directed 
to the following persons: (i) Desk officer for the Securities and 
Exchange Commission, Office of Information and Regulatory Affairs, 
Office of Management and Budget (``OMB''), Room 10202, New Executive 
Office Building, Washington, D.C. 20503; and (ii) Michael E. Bartell, 
Associate Executive Director, Office of Information Technology, 
Securities and Exchange Commission, 450 Fifth Street, N.W., Washington, 
D.C. 20549. Comments must be submitted to OMB within 30 days of this 
notice.

    Dated: August 19, 1998.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 98-22842 Filed 8-25-98; 8:45 am]
BILLING CODE 8010-01-M