66786 Federal Register / Vol. 65, No. 216 / Tuesday, November 7, 2000 / Notices

7 (19 hours × $72.40 × 4 filings per year) + (1 hour

× $82.50 per hour × 4 filings per year) + (100 hours

× $51.60 × 1 filing per year) × six (6) OTC

derivatives dealers. The total cost for ten (10)

respondents would be $109,924.00 per year.

total cost of compliance for six

respondents is $65,950.00 per year.7

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.

Direct your written comments to

Michael E. Bartell, Associate Executive

Director, Office of Information

Technology, Securities and Exchange

Commission, 450 5th Street, N.W.

Washington, DC 20549.

Dated: October 31, 2000.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 00–28503 Filed 11–6–00; 8:45 am]

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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 29; SEC File No. 270–169; OMB

Control No. 3235–0149.

Rule 83; SEC File No. 270–82; OMB

Control No. 3235–0181.

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 collections of information

summarized below. The Commission

plans to submit these existing

collections of information to the Office

of Management and Budget for

extension and approval.

Rule 29, Filing of Reports to State

Commissions, concerns reports to state

commissions by registered holding

companies and their subsidiaries. The

rule requires that a copy of each annual

report submitted by any registered

holding company or any of its

subsidiaries to a state commission

covering operations not reported to the

Federal Energy Regulatory Commission

be filed with the Securities and

Exchange Commission no later than ten

days after such submission.

The information collected under Rule

29 permits the Commission to remain

current on developments that are

reported to state commissions, but that

might not be reported to the

Commission otherwise. This

information is beneficial to the liaison

the Commission maintains with state

governments and also is useful in the

preparation of annual reports to the U.S.

Congress under Section 23 of the Public

Utility Holding Company Act of 1935.

The title of Rule 83 is Exemption In

the Case of Transactions With Foreign

Associates. It authorizes exemption

from the cost standard of section 13(b)

of the Public Utility Holding Company

Act of 1935 for services provided to

associated foreign utility companies.

Rule 83 requires a registered holding

company system that wishes to avail

itself of this exemption from Section

13(b) to submit an application, in the

form of a declaration, to the

Commission. The Commission will

grant the application if, by reason of the

lack of any major interest of holders of

securities offered in the United States in

servicing arrangements affecting such

serviced subsidiaries, such an

application for exemption is necessary

or appropriate in the public interest or

for the protection of investors.

Rules 29 and 83 do not create a

recordkeeping or retention burden on

respondents. These rules do, however,

contain reporting and filing

requirements. Rule 29 imposes a

reporting burden of about .25 hours for

each of sixty-two respondents, each of

which makes one submission annually.

The total annual burden is fifteen and

one-half hours. Rule 29 imposes no cost

burdens.

Since the Commission has received

no applications under Rule 83 recently,

it is estimated the burden of Rule 83 as

zero.

These estimates of average burden

hours are made solely 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 SEC rules and forms.

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 for the proper

performance of the functions of the

agency, including whether the

information will have practical utility;

(b) the accuracy of the agency’s estimate

of the burden of the collection of

information; (c) ways to enhance the

quality, utility, and clarity of the

information 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 Directory, Office of

Information Technology, Securities and

Exchange Commission, 450 Fifth Street,

NW., Washington, DC 20549.

Dated: October 30, 2000.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 00–28505 Filed 11–6–00; 8:45 am]

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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–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 a

request for extension of the previously

approved collection of information

discussed below.

• Rule 17Ad–13, Annual Study and

Evaluation of Internal Accounting

Control

Rule 17Ad–13 requires approximately

200 registered transfer agents to obtain

an annual report on the adequacy of

internal accounting controls. In

addition, transfer agents must maintain

copies of any reports prepared pursuant

to Rule 17Ad–13 plus any documents

prepared to notify the Commission and

appropriate regulatory agencies in the

event that the transfer agent is required

to take any corrective action. These

recordkeeping requirements assist the

Federal Register / Vol. 65, No. 216 / Tuesday, November 7, 2000 / Notices 66787

Commission and other regulatory

agencies with monitoring transfer agents

and ensuring compliance with the rule.

Small transfer agents are exempt from

Rule 17Ad–13.

The staff estimates that the average

number of hours necessary for each

transfer agent to comply with Rule

17Ad–13 is one hundred seventy-five

hours annually. The total burden is

35,000 hours annually for transfer

agents, based upon past submissions.

The average cost per hour is

approximately $60. Therefore, the total

cost of compliance for transfer agents is

$1,300,000.

The retention period for the

recordkeeping requirement under Rule

17Ad–13 is three years following the

date of a report prepared pursuant to the

rule. The recordkeeping requirement

under Rule 17Ad–13 is mandatory to

assist the Commission and other

regulatory agencies with monitoring

transfer agents and ensuring compliance

with the rule. This rule does not involve

the collection of confidential

information. Please note 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

estimated burden hours 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,

Room 3208, 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, DC 20549. Comments

must be submitted to OMB within thirty

days of this notice.

Dated: November 1, 2000.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 00–28502 Filed 11–6–00; 8:45 am]

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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 10b–10; SEC File No. 270–389; OMB

Control No. 3235–0444.

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 a

request for extension of the previously

approved collection of information

discussed below.

Rule 10b–10 requires broker-dealers

to convey basic trade information to

customers regarding their securities

transactions. This information includes:

the date and time of the transaction, the

identity and number of shares bought or

sold, and the trading capacity of the

broker-dealer. Depending on the trading

capacity of the broker-dealer, the Rule

requires the disclosure of commissions

as well as markup and markdown

information. For transactions in debt

securities, the Rule requires the

disclosure of redemption and yield

information. The Rule potentially

applies to all of the approximately 5,300

firms registered with the Commission

that effect transactions on behalf of

customers.

The confirmations required by Rule

10b–10 are generally processed through

automated systems. It takes

approximately 1 minute to generate and

send a confirmation. It is estimated that

broker-dealers spend 56 million hours

per year complying with rule 10b–10.

The Commission staff estimates the

costs of producing and sending a

confirmation to be approximately 89

cents. The amount of confirmations sent

and the cost of sending each

confirmation varies from firm to firm.

Smaller firms generally send fewer

confirmations than larger firms because

they effect fewer transactions.

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.

Written 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, Room 10102,

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: October 31, 2000.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 00–28504 Filed 11–6–00; 8:45 am]

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[Release No. IC–24720]

Notice of Applications for

Deregistration under Section 8(f) of the

Investment Company Act of 1940

October 31, 2000.

The following is a notice of

applications for deregistration under

section 8(f) of the Investment Company

Act of 1940 for the month of October,

2000. A copy of each application may be

obtained for a fee at the SEC’s Public

Reference Branch, 450 Fifth St., NW.,

Washington, DC 20549–0102 (tel. 202–

942–8090). An order granting each

application will be issued unless the

SEC orders a hearing. Interested persons

may request a hearing on any

application by writing to the SEC’s

Secretary at the address below and

serving the relevant applicant with a

copy of the request, personally or by

mail. Hearing requests should be

received by the SEC by 5:30 p.m. on

November 27, 2000, and should be

accompanied by proof of service on the

applicant, in the form of an affidavit or,

for lawyers, a certificate of service.

Hearing requests should state the nature

of the writer’s interest, the reason for the

request, and the issues contested.

Persons who wish to be notified of a

hearing may request notification by

writing to the Secretary, SEC, 450 Fifth

Street, NW., Washington, DC 20549–

0609. For further Information Contact:

Diane L. Titus, at (202) 942–0564, SEC,

Division of Investment Management,

Office of Investment Company

Regulation, 450 Fifth Street, NW.,

Washington, DC 20549–0506.

Time Horizon Funds [File No. 811–

9024]

Summary: Applicant seeks an order

declaring that it has ceased to be an

investment company. On August 20,

1999, applicant transferred it assets to

Nations Asset Allocation Fund, a

portfolio of The Nations Institutional

Reserves, based on net asset value.

Expenses of $232,024 incurred in

connection with the reorganization were

paid by applicant’s investment adviser,

Bank of America, and/or its affiliates.

Filing Dates: The application was

filed on September 26, 2000, and

amended on October 25, 2000.