Federal Register / Vol. 78, No. 5 / Tuesday, January 8, 2013 / Notices 1293 

7 15 U.S.C. 78s(b)(3)(A)(ii). 

8 17 CFR 240.19b–4(f)(2). 

9 17 CFR 200.30–3(a)(12). 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3Non-Penny Pilot refers to options classes not in 

the Penny Pilot. 

4A BX Options Market Maker must be registered 

as such pursuant to Chapter VII, Section 2 of the 

BX Options Rules, and must also remain in good 

standing pursuant to Chapter VII, Section 4. 

5A Non-Customer includes a Professional, Firm, 

Broker-Dealer and Non-BX Options Market Maker. 

(C) Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

Written comments relating to the 

proposed rule change have not yet been 

solicited or received. NSCC will notify 

the Commission of any written 

comments received by NSCC. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The forgoing rule change has become 

effective pursuant to Section 

19(b)(3)(A)(ii) of the Act 7 and Rule 19b– 

4(f)(2) 8 thereunder. At any time within 

60 days of the filing of the proposed rule 

change, the Commission summarily may 

temporarily suspend such rule change if 

it appears to the Commission that such 

action is necessary or appropriate in the 

public interest, for the protection of 

investors, or otherwise in furtherance of 

the purposes of the Act. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s Internet 

comment form (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rulecomments@sec.gov. Please include File 

No. SR–NSCC–2012–11 on the subject 

line. 

Paper Comments 

• Send in triplicate to Elizabeth M. 

Murphy, Secretary, Securities and 

Exchange Commission, 100 F Street NE., 

Washington, DC, 20549–1090. 

All submissions should refer to File 

Number SR–NSCC–2012–11. This file 

number should be included on the 

subject line if email is used. To help the 

Commission process and review your 

comments more efficiently, please use 

only one method. The Commission will 

post all comments on the Commission’s 

Internet Web site (http://www.sec.gov/ 

rules/sro.shtml). Copies of the 

submission, all subsequent 

amendments, all written statements 

with respect to the proposed rule 

change that are filed with the 

Commission, and all written 

communications relating to the 

proposed rule change between the 

Commission and any person, other than 

those that may be withheld from the 

public in accordance with the 

provisions of 5 U.S.C. 552, will be 

available for Web site viewing and 

printing in the Commission’s Public 

Reference Room, 100 F Street NE., 

Washington, DC 20549 on official 

business days between the hours of 

10:00 a.m. and 3:00 p.m. Copies of such 

filings will also be available for 

inspection and copying at the principal 

office of NSCC and on NSCC’s Web site 

at http://www.dtcc.com/downloads/ 

legal/rule_filings/2012/nscc/SRO-NSCC2012-11.pdf. 

All comments received will be posted 

without change; the Commission does 

not edit personal identifying 

information from submissions. You 

should submit only information that 

you wish to make available publicly. All 

submissions should refer to File 

Number SR–NSCC–2012–11 and should 

be submitted on or before January 29, 

2013. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.9

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2013–00083 Filed 1–7–13; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–68556; File No. SR–BX– 

2012–074] 

Self-Regulatory Organizations; 

NASDAQ OMX BX, Inc.; Notice of Filing 

and Immediate Effectiveness of 

Proposed Rule Change Relating to 

Non-Penny Pilot Options Fees 

January 2, 2013. 

Pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 

(‘‘Act’’) 1, and Rule 19b–4 thereunder,2

notice is hereby given that on December 

18, 2012, NASDAQ OMX BX, Inc. (‘‘BX’’ 

or ‘‘Exchange’’) filed with the Securities 

and Exchange Commission (‘‘SEC’’ or 

‘‘Commission’’) the proposed rule 

change as described in Items I, II, and 

III, below, which Items have been 

prepared by the Exchange. The 

Commission is publishing this notice to 

solicit comments on the proposed rule 

change from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The Exchange proposes to amend BX 

Options Rules, Chapter XV, Section 2 

entitled ‘‘BX Options Market—Fees and 

Rebates’’ to adopt fees and rebates for 

Non-Penny Pilot Options.3

While the changes proposed herein 

are effective upon filing, the Exchange 

has designated these changes to be 

operative on January 2, 2013. 

The text of the proposed rule change 

is available on the Exchange’s Web site 

at http://nasdaqomxbx.cchwallstreet. 

com/NASDAQOMXBX/Filings/, at the 

principal office of the Exchange, and at 

the Commission’s Public Reference 

Room. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, the 

Exchange included statements 

concerning the purpose of and basis for 

the proposed rule change and discussed 

any comments it received on the 

proposed rule change. The text of these 

statements may be examined at the 

places specified in Item IV below. The 

Exchange has prepared summaries, set 

forth in sections A, B, and C below, of 

the most significant aspects of such 

statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and the 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

BX proposes to amend Chapter XV, 

Section 2(1) to adopt fees and rebates for 

Customers, BX Options Market Makers 4

and Non-Customers 5 trading in NonPenny Pilot Options on its options 

market. The Exchange believes the 

addition of Non-Penny Pilot Options 

fees and rebates will allow the Exchange 

to compete more effectively with other 

exchanges that have similarly adopted 

such pricing. The Exchange plans to list 

Non-Penny Pilot Options on January 2, 

2013. 

The Exchange proposes to adopt a Fee 

to Add Liquidity, a Rebate to Remove 

Liquidity and a Fee to Remove Liquidity 

in Non-Penny Pilot Options. 

Specifically, the Exchange proposes to 


srobinson on DSK4SPTVN1PROD with 
1294 Federal Register / Vol. 78, No. 5 / Tuesday, January 8, 2013 / Notices 

6 15 U.S.C. 78f. 

7 15 U.S.C. 78f(b)(4). 

8The Penny Pilot on BX Options was established 

in June 2012. See Securities Exchange Act Release 

No. 67256 (June 26, 2012), 77 FR 39277 (July 2, 

2012) (SR–BX–2012–030) (order approving BX 

Options rules and establishing Penny Pilot). The 

Exchange filed to extend the Penny Pilot through 

December 31, 2012. See Securities Exchange Act 

Release No. 67342 (July 3, 2012), 77 FR 40666 (July 

10, 2012) (SR–BX–2012–046). 

9NASDAQ OMX PHLX LLC (‘‘Phlx’’) assesses 

fees and pays rebates in Non-Penny Pilot Options. 

See Phlx’s Pricing Schedule. The Chicago Board 

Options Exchange Incorporated (‘‘CBOE’’) assess 

fees and pays rebates in Non-Penny Pilot Options. 

See CBOE’s Fees Schedule. The NASDAQ Options 

Market LLC (‘‘NOM’’) assesses fees and pays rebates 

in Non-Penny Pilot Options. See NOM’s Rules at 

Chapter XV, Section 2. The International Securities 

Exchange LLC (‘‘ISE’’) assesses fees and pays 

rebates in Non-Penny Pilot Symbols. See ISE’s Fee 

Schedule. 

10See supra note 8 [sic]. 

11Pursuant to Chapter VII (Market Participants), 

Section 5 (Obligations of Market Makers), in 

registering as a Market Maker, an Options 

Participant commits himself to various obligations. 

Transactions of a Market Maker in its market 

making capacity must constitute a course of 

dealings reasonably calculated to contribute to the 

maintenance of a fair and orderly market, and 

Market Makers should not make bids or offers or 

enter into transactions that are inconsistent with 

such course of dealings. Further, all Market Makers 

are designated as specialists on BX for all purposes 

under the Act or rules thereunder. See Chapter VII, 

Section 5. 

assess the following Fees to Add 

Liquidity in Non-Penny Pilot Options: 

Customers a $0.25 per contract, BX 

Options Market Maker $0.50 per 

contract and Non-Customer $0.88 per 

contract. The Exchange proposes to 

assess a higher Fee to Add Liquidity in 

Non-Penny Pilot Options of $0.85 per 

contract to Customers and BX Options 

Market Makers when the Customer or 

BX Options Market Maker is contra to 

a Customer. Therefore, depending on 

the contra-party to the transaction, a 

Customer would be assessed either a 

$0.25 or $0.85 per contract Fee to Add 

Liquidity in Non-Penny Pilot Options 

and a BX Options Market Maker would 

be assessed either a $0.50 or $0.85 per 

contract Fee to Add Liquidity in NonPenny Pilot Options. The Exchange 

proposes to add a note 4 to Section 2 of 

Chapter XV to indicate that the higher 

Fee to Add Liquidity would be assessed 

to a Customer or BX Options Market 

Maker when these market participants 

are contra to a Customer. 

The Exchange proposes to pay a 

Customer a $0.70 per contract Rebate to 

Remove Liquidity in Non-Penny Pilot 

Options. The Exchange would not pay 

a rebate to a BX Options Market Maker 

or Non-Customer. Finally, the Exchange 

proposes to assess a Fee to Remove 

Liquidity in Non-Penny Pilot Options of 

$0.88 per contract to a BX Options 

Market Maker and a Non-Customer. A 

Customer would not be assessed a Fee 

to Remove Liquidity in Non-Penny Pilot 

Options. 

The Exchange is not proposing any 

other changes to Section 2 of Chapter 

XV.2. 

2. Statutory Basis 

BX believes that the proposed rule 

changes are consistent with the 

provisions of Section 6 of the Act,6 in 

general, and with Section 6(b)(4) of the 

Act,7 in particular, in that they provide 

for the equitable allocation of reasonable 

dues, fees and other charges among 

members and issuers and other persons 

using any facility or system which BX 

operates or controls. 

The Exchange believes that its 

proposal to assess fees and pay rebates 

in Non-Penny Pilot Options, which 

pricing differs from Penny Pilot 

Options,8 is consistent with pricing at 

other options markets that also assess 

different fees and pay different rebates 

for Penny Pilot Options as compared to 

Non-Penny Pilot Options.9 The 

Exchange today assesses fees and pay 

rebates in Penny Pilot Options. The 

Exchange plans to list Non-Penny Pilot 

Options on January 2, 2013. The 

Exchange believes that establishing 

different pricing for Penny Pilot and 

Non-Penny Pilot Options is reasonable, 

equitable and not unfairly 

discriminatory because Penny Pilot 

Options are more liquid options as 

compared to Non-Penny Pilot Options. 

Additionally, other options exchanges 

differentiate pricing by security today.10

The Exchange believes that the 

proposed Customer Rebate to Remove 

Liquidity in Non-Penny Pilot Options is 

reasonable because this rebate will 

attract Customer order flow to the 

Exchange to the benefit of all market 

participants through increased liquidity. 

Today, the Exchange pays a Customer 

Rebate to Remove Liquidity in Penny 

Pilot Options. Further, the Exchange 

also believes it is equitable and not 

unfairly discriminatory to only offer the 

Rebate to Remove Liquidity to 

Customers and not offer the rebate to 

other market participants because the 

Exchange is offering the rebate to 

incentivize NOM [sic] Participants to 

send Customer order flow to the 

Exchange. It is an important Exchange 

function to provide an opportunity to all 

market participants to trade against 

Customer orders. Customer order flow 

benefits all market participants by 

improving liquidity, the quality of order 

interaction and executions at the 

Exchange. 

With respect to the Fee to Add 

Liquidity, the Exchange believes that 

assessing Customers and BX Options 

Market Makers a lower Fee to Add 

Liquidity in Non-Penny Pilot Options, 

when they are not contra to a Customer, 

as compared to Non-Customers is 

reasonable because the Exchange seeks 

to incentivize these critical market 

participants to add liquidity. Increased 

liquidity benefits all market 

participants. The Exchange also believes 

that the lower Fees to Add Liquidity in 

Non-Penny Pilot Options for Customers 

and BX Options Market Makers as 

compared to Non-Customers are 

equitable and not unfairly 

discriminatory because Customer order 

flow benefits all market participants by 

improving liquidity, the quality of order 

interaction and executions at the 

Exchange. Also, BX Options Market 

Makers have obligations to the market 

and regulatory requirements,11 which 

normally do not apply to other market 

participants. A BX Options Market 

Maker has the obligation to make 

continuous markets, engage in course of 

dealings reasonably calculated to 

contribute to the maintenance of a fair 

and orderly market, and not make bids 

or offers or enter into transactions that 

are inconsistent with course of dealings. 

The proposed differentiation as between 

Customers and BX Options Market 

Makers and Non-Customers recognizes 

the differing contributions made to the 

liquidity and trading environment on 

the Exchange by Customers and BX 

Options Market Makers, as well as the 

differing mix of orders entered. 

With respect to the Fee to Add 

Liquidity, the Exchange believes that 

assessing Customers and BX Options 

Market Makers a higher Fee to Add 

Liquidity in Non-Penny Pilot Options, 

when they are contra to a Customer is 

reasonable because the Customer is 

being paid a Rebate to Remove Liquidity 

of $0.70 per contract pursuant to this 

proposal and the Exchange believes that 

the increased fee allows the Exchange to 

offer that incentive to Customers to 

attract liquidity to the market. The 

Exchange also believes that the 

increased Customer and BX Options 

Market Maker Fees to Add Liquidity in 

Non-Penny Pilot Options are equitable 

and not unfairly discriminatory because 

the fees for Customers and BX Options 

Market Makers when contra to a 

Customer order are lower as compared 

to Non-Customers ($0.85 as compared to 

$0.88 per contract). For the reasons 

previously mentioned, the Exchange 

believes the fees are equitable and not 

unfairly discriminatory because these 

critical market participants add 

liquidity and have obligations to the 


srobinson on DSK4SPTVN1PROD with 
Federal Register / Vol. 78, No. 5 / Tuesday, January 8, 2013 / Notices 1295 

12NOM assesses Professionals, Firms, non-NOM 

Market Makers and NOM Market Makers NonPenny Pilot Options Fees to Remove Liquidity of 

$0.89 per contract. See NOM Chapter XV, Section 

2. The BATS Exchange, Inc. (‘‘BATS’’) assesses 

Professional, Firms and Market Makers $0.84 per 

contract to remove liquidity in Non-Penny Pilot 

Options. See also BATS BZX Exchange Fee 

Schedule. NYSE Arca, Inc. (‘‘NYSE Arca’’) assesses 

Firms and Broker Dealers an $0.85 per contract 

Take Liquidity Fee and NYSE Arca Market Makers 

are assessed an $0.80 take liquidity fee. See NYSE 

Arca Options Fee Schedule. 13 15 U.S.C. 78s(b)(3)(A)(ii). 

market which differentiates them from 

Non-Customers. 

The Exchange believes that not 

assessing a Fee to Remove Liquidity in 

Non-Penny Pilot Options to Customers 

is reasonable because the Exchange 

seeks to incentivize NOM [sic] 

Participants to send Customer order 

flow to the Exchange. In addition, the 

Exchange does not assess a Customer 

Fee to Remove Liquidity in Penny Pilot 

Options. The Exchange believes that not 

assessing a Fee to Remove Liquidity in 

Non-Penny Pilot Options to Customers 

is equitable and not unfairly 

discriminatory because Customer order 

flow brings liquidity to the market 

which benefits all market participants. 

The Exchange believes that assessing 

a Fee to Remove Liquidity in NonPenny Pilot Options of $0.88 per 

contract to BX Options Market Makers 

and Non-Customers is reasonable 

because the fee allows the Exchange to 

reward Customers that remove liquidity 

with a rebate. The advantage of 

increased Customer order flow benefits 

all market participants. In addition, the 

proposed Fees to Remove Liquidity in 

Non-Penny Pilot Options are in the 

range of fees assessed by other options 

exchanges.12 The Exchange believes that 

assessing a Fee to Remove Liquidity in 

Non-Penny Pilot Options of $0.88 per 

contract to BX Options Market Makers 

and Non-Customers is equitable and not 

unfairly discriminatory because all 

market participants, BX Options Market 

Makers, Professionals, Firms, BrokerDealers and Non-BX Options Market 

Makers, excluding Customers, would be 

assessed the same Fee to Remove 

Liquidity in Non-Penny Pilot Options 

on every transaction. 

In the current U.S. options market, 

many of the contracts are quoted in 

pennies. Under this pricing structure, 

the minimum penny tick increment 

equates to a $1.00 economic value 

difference per contract, given that a 

single standardized U.S. option contract 

covers 100 shares of the underlying 

stock. Where contracts are quoted in 

$0.05 increments (non-pennies), the 

value per tick is $5.00 in proceeds to the 

investor transacting in these contracts. 

Liquidity rebate and access fee 

structures on the make-take exchanges 

for securities quoted in penny 

increments are commonly in the $0.30 

to $0.45 per contract range. A $0.30 per 

contract rebate in a penny quoted 

security is a rebate equivalent to 30% of 

the value of the minimum tick. A $0.45 

per contract fee in a penny quoted 

security is a charge equivalent to 45% 

of the value of that minimum tick. In 

other words, in penny quoted securities, 

where the price is improved by one tick 

with an access fee of $0.45 per contract, 

an investor paying to access that quote 

is still $0.55 better off than trading at 

the wider spread, even without the 

access fee ($1.00 of price improvement 

¥ $0.45 access fee = $0.55 better 

economics). This computation is equally 

true for securities quoted in wider 

increments. By comparison, rebates and 

access fees near the $0.88 per contract 

level equate to only 17.6% of the value 

of the minimum tick in Non-Penny Pilot 

Options, less than the experience today 

in Penny Pilot Options. Accordingly, 

the Exchange believes that the proposed 

Fees to Add Liquidity and Fees to 

Remove Liquidity in Non-Penny Pilot 

Options are reasonable, equitable and 

not unfairly discriminatory. 

The Exchange operates in a highly 

competitive market comprised of eleven 

U.S. options exchanges in which 

sophisticated and knowledgeable 

market participants can and do send 

order flow to competing exchanges if 

they deem fee levels at a particular 

exchange to be excessive. The Exchange 

believes that the proposed fee and 

rebate scheme for Non-Penny Pilot 

Options is competitive and similar to 

other fees and rebates in place on other 

exchanges. The Exchange believes that 

this competitive marketplace materially 

impacts the fees and rebates present on 

the Exchange today and substantially 

influences the proposal set forth above. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

BX does not believe that the proposed 

rule change will impose any burden on 

competition not necessary or 

appropriate in furtherance of the 

purposes of the Act. To the contrary, BX 

has designed its fees and rebates to 

compete effectively for the execution 

and routing of options contracts. The 

Exchange believes that the proposed 

fee/rebate pricing structure for NonPenny Pilot Options would attract 

liquidity to and benefit order interaction 

at the Exchange to the benefit of all 

market participants. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

No written comments were either 

solicited or received. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The foregoing rule change has become 

effective pursuant to Section 

19(b)(3)(A)(ii) of the Act.13 At any time 

within 60 days of the filing of the 

proposed rule change, the Commission 

summarily may temporarily suspend 

such rule change if it appears to the 

Commission that such action is 

necessary or appropriate in the public 

interest, for the protection of investors, 

or otherwise in furtherance of the 

purposes of the Act. If the Commission 

takes such action, the Commission shall 

institute proceedings to determine 

whether the proposed rule should be 

approved or disapproved. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s Internet 

comment form (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rulecomments@sec.gov. Please include File 

Number SR–BX–2012–074 on the 

subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Elizabeth M. Murphy, Secretary, 

Securities and Exchange Commission, 

100 F Street NE., Washington, DC 

20549–1090. 

All submissions should refer to File 

Number SR–BX–2012–074. This file 

number should be included on the 

subject line if email is used. To help the 

Commission process and review your 

comments more efficiently, please use 

only one method. The Commission will 

post all comments on the Commission’s 

Internet Web site (http://www.sec.gov/ 

rules/sro.shtml). Copies of the 

submission, all subsequent 

amendments, all written statements 

with respect to the proposed rule 

change that are filed with the 

Commission, and all written 

communications relating to the 


srobinson on DSK4SPTVN1PROD with 
1296 Federal Register / Vol. 78, No. 5 / Tuesday, January 8, 2013 / Notices 

14 17 CFR 200.30–3(a)(12). 

proposed rule change between the 

Commission and any person, other than 

those that may be withheld from the 

public in accordance with the 

provisions of 5 U.S.C. 552, will be 

available for Web site viewing and 

printing in the Commission’s Public 

Reference Room, 100 F Street NE., 

Washington, DC 20549–1090, on official 

business days between the hours of 

10:00 a.m. and 3:00 p.m. Copies of such 

filing also will be available for 

inspection and copying at BX’s 

principal office. All comments received 

will be posted without change; the 

Commission does not edit personal 

identifying information from 

submissions. You should submit only 

information that you wish to make 

available publicly. All submissions 

should refer to File Number SR–BX– 

2012–074, and should be submitted on 

or before January 29, 2013. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.14

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2013–00077 Filed 1–7–13; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–68457; File No. SR–CBOE– 

2012–120] 

Self-Regulatory Organizations; 

Chicago Board Options Exchange, 

Incorporated; Notice of Filing of a 

Proposed Rule Change, as Modified by 

Amendment No. 2, To Allow the Listing 

and Trading of a P.M.-Settled S&P 500 

Index Option Product 

December 18, 2012. 

Correction 

In notice document 2012–30887 

appearing on pages 76135–76139 in the 

issue of December 26, 2012, make the 

following correction: 

On page 76139, in the first column, in 

the last full paragraph, in the last line, 

‘‘January 14, 2013’’ should read 

‘‘January 16, 2013’’. 

[FR Doc. C1–2012–30887 Filed 1–7–13; 8:45 am] 

BILLING CODE 1505–01–D 

SOCIAL SECURITY ADMINISTRATION 

Agency Information Collection 

Activities: Proposed Request and 

Comment Request 

The Social Security Administration 

(SSA) publishes a list of information 

collection packages requiring clearance 

by the Office of Management and 

Budget (OMB) in compliance with 

Public Law 104–13, the Paperwork 

Reduction Act of 1995, effective October 

1, 1995. This notice includes revisions 

to OMB-approved information 

collections. 

SSA is soliciting comments on the 

accuracy of the agency’s burden 

estimate; the need for the information; 

its practical utility; ways to enhance its 

quality, utility, and clarity; and ways to 

minimize burden on respondents, 

including the use of automated 

collection techniques or other forms of 

information technology. Mail, email, or 

fax your comments and 

recommendations on the information 

collection(s) to the OMB Desk Officer 

and SSA Reports Clearance Officer at 

the following addresses or fax numbers. 

(OMB) 

Office of Management and Budget, Attn: 

Desk Officer for SSA, Fax: 202–395– 

6974, Email address: 

OIRA_Submission@omb.eop.gov. 

(SSA) 

Social Security Administration, DCRDP, 

Attn: Reports Clearance Director, 107 

Altmeyer Building, 6401 Security 

Blvd., Baltimore, MD 21235, Fax: 

410–966–2830, Email address: 

OR.Reports.Clearance@ssa.gov. 

I. The information collections below 

are pending at SSA. SSA will submit 

them to OMB within 60 days from the 

date of this notice. To be sure we 

consider your comments, we must 

receive them no later than March 11, 

2013. Individuals can obtain copies of 

the collection instruments by writing to 

the above email address. 

1. Supplemental Statement Regarding 

Farming Activities of Person Living 

Outside the U.S.A.—0960–0103. When a 

beneficiary or claimant reports farm 

work from outside the United States, 

SSA documents this work on Form 

SSA–7163A–F4. Specifically, SSA uses 

the form to determine if we should 

apply foreign work deductions to the 

recipient’s title II benefits. We collect 

the information either annually or every 

other year, depending on the 

respondent’s country of residence. 

Respondents are Social Security 

recipients engaged in farming activities 

outside the United States. 

Type of Request: Revision of an OMBapproved information collection. 

Modality of completion Number of 

respondents 

Frequency of 

response 

Average 

burden per 

response 

(minutes) 

Estimated total 

annual burden 

(hours) 

SSA–7163A–F4 ............................................................................................... 1,000 1 60 1,000 

2. International Direct Deposit—31 

CFR 210—0960–0686. SSA’s 

International Direct Deposit (IDD) 

Program allows beneficiaries living 

abroad to receive their payments via 

direct deposit to an account at a 

financial institution outside the United 

States. SSA uses Form SSA–1199- 

(Country) to enroll title II beneficiaries 

residing abroad in IDD, and to obtain 

the direct deposit information for 

foreign accounts. Routing account 

number information varies slightly for 

each foreign country, so we use a 

variation of the Treasury Department’s 

Form SF–1199A per country. The 

respondents are Social Security 

beneficiaries residing abroad who want 

SSA to deposit their benefits payments 

directly to a foreign financial 

institution. 

Type of Request: Revision of an OMBapproved information collection. 


srobinson on DSK4SPTVN1PROD with