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]

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 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]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[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.