53846 Federal Register / Vol. 62, No. 200 / Thursday, October 16, 1997 / Notices

RAILROAD RETIREMENT BOARD

Sunshine Act Meeting

Notice is hereby given that the

Railroad Retirement Board will hold a

meeting on October 22, 1997, 9:00 a.m.,

at the Board’s meeting room on the 8th

floor of its headquarters building, 844

North Rush Street, Chicago, Illinois,

60611. The agenda for this meeting

follows:

Portion Open to the Public

(1) Letter from General Services

Administration Regarding the Board’s

Obligation for Rent Payments

(2) Coverage Determination—Little

Kanawha River Rail, Inc.

(3) Field Service Personnel Practices

(4) Buyout Surveys

(5) Cost Associated with the Railroad

Retirement Board’s Data Center

(6) Fiscal Year 1998 Performance

Appraisal Plans

(7) Year 2000 Issues

(8) Labor Member Truth in Budgeting

Status Report

Portion Closed to the Public

(A) 1997 Performance Appraisals for

Director of Administration, Director of

Programs, and General Counsel

(B) Pending Board Appeals

1. John C. Patman

2. Milford Durwood Smith

3. Vincent B. Ruck

4. Ray L. White

5. Donna R. Kepner

6. Janelle V. Henson

7. Arlin R. Slack

8. Arthur Roche

The person to contact for more

information is Beatrice Ezerski,

Secretary of the Board, Phone No. 312–

751–4920.

Dated October 10, 1997.

Beatrice Ezerski,

Secretary to the Board.

[FR Doc. 97–27567 Filed 10–14–97; 10:23

am]

BILLING CODE 7905–01–M

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

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 17Ad–11, SEC File No. 270–261,

OMB Control No. 3235–0274

Rule 17Ad–13, SEC File No. 270–263,

OMB Control No. 3235–0275

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 17Ad–11 requires transfer agents

to report to issuers and the appropriate

regulatory agency in the event that aged

record differences exceed certain dollar

value thresholds. An aged record

difference occurs when an issuer’s

records do not agree with those of

securityowners as indicated, for

instance, on certificates presented to the

transfer agent for purchase, redemption

or transfer. In addition, the rule requires

transfer agents to report to the

appropriate regulatory agency in the

event of a failure to post certificate

detail to the master securityholder file

within 5 business days of the time

required by Rule 17Ad–10. Also,

transfer agents must maintain a copy of

each report prepared under Rule 17Ad–

11 for a period of three years following

the date of the report. These

recordkeeping requirements assist the

Commission and other regulatory

agencies with monitoring transfer agents

and ensuring compliance with the rule.

Because the information required by

Rule 17Ad–11 is already available to

transfer agents, any collection burden

for small transfer agents is minimal. The

staff estimates 150 registered transfer

agents take approximately one hour

annually to comply with Rule 17Ad–11.

Therefore, the total burden is 150 hours

annually for transfer agents, based upon

past submissions. The average cost per

hour is approximately $30. Therefore,