[Federal Register Volume 68, Number 119 (Friday, June 20, 2003)]
[Notices]
[Pages 37033-37034]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-15647]


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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange

[[Page 37034]]

Commission, Office of Filings and Information Services, Washington, 
DC 20549.

Extension:
    Rule 17f-1(c) and Form X-17F-1A--SEC File No. 270-29, OMB 
Control No. 3235-0037.

    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.
    [sbull] Rule 17f-1(c) and Form X-17F-1A Reporting of missing, lost, 
stolen, or counterfeit securities.
    Rule 17f-1(c) requires approximately 26,000 entities in the 
securities industry to report lost, stolen, missing, or counterfeit 
securities to a central database. Form X-17F-1A facilitates the 
accurate reporting and precise and immediate data entry into the 
central database. Reporting to the central database fulfills a 
statutory requirement that reporting institutions report and inquire 
about missing, lost, counterfeit, or stolen securities. Reporting to 
the central database also allows reporting institutions to gain access 
to the database that stores information for the Lost and Stolen 
Securities Program.
    We estimate that 26,000 reporting institutions will report that 
securities are either missing, lost, counterfeit, or stolen annually 
and that each reporting institution will submit this report 50 times 
each year. The staff estimates that the average amount of time 
necessary to comply with Rule 17f-1(c) and Form X-17F-1A is five 
minutes. The total burden is 108,333 hours annually for respondents. 
(26,000 times 50 times 5 divided by 60.) The average cost per hour is 
approximately $50. Therefore, the total cost of compliance for 
respondents is $5,416,666.
    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 estimates 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 Kenneth A. Fogash, Acting 
Associate Executive Director/CIO, Office of Information Technology, 
Securities and Exchange Commission, 450 5th Street, NW., Washington, DC 
20549.

    Dated: June 12, 2003.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 03-15647 Filed 6-19-03; 8:45 am]
BILLING CODE 8010-01-P