69580 Federal Register / Vol. 65, No. 223 / Friday, November 17, 2000 / Notices

1Per Securities Industry Association (SIA)

Management and Professional Earnings, Table 011

(Financial Reporting Manager) + 35% overhead

(based on end-of-year 1998 figures).

Tuesday, December 5, 2000—1 p.m.

Until the Conclusion of Business

The Subcommittee will discuss

proposed ACRS activities and related

matters. The purpose of this meeting is

to gather information, analyze relevant

issues and facts, and to formulate

proposed positions and actions, as

appropriate, for deliberation by the full

Committee.

Oral statements may be presented by

members of the public with the

concurrence of the Subcommittee

Chairman; written statements will be

accepted and made available to the

Committee. Electronic recordings will

be permitted only during those portions

of the meeting that are open to the

public, and questions may be asked only

by members of the Subcommittee, its

consultants, and staff. Persons desiring

to make oral statements should notify

the cognizant ACRS staff person named

below five days prior to the meeting, if

possible, so that appropriate

arrangements can be made.

Further information regarding topics

to be discussed, the scheduling of

sessions open to the public, whether the

meeting has been canceled or

rescheduled, the Chairman’s ruling on

requests for the opportunity to present

oral statements, and the time allotted

therefor can be obtained by contacting

the cognizant ACRS staff person, Dr.

John T. Larkins (telephone: 301/415–

7360) between 7:30 a.m. and 4:15 p.m.

(EST). Persons planning to attend this

meeting are urged to contact the above

named individual one or two working

days prior to the meeting to be advised

of any changes in schedule, etc., that

may have occurred.

Dated: November 9, 2000.

James E. Lyons,

Associate Director for Technical Support,

ACRS/ACNW.

[FR Doc. 00–29461 Filed 11–16–00; 8:45 am]

BILLING CODE 7590–01–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[s] 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 requires broker-dealers

that hold customer securities to obtain

and maintain possession and control of

fully paid and excess margin securities

they hold for customers. In addition, the

rule requires broker-dealers that hold

customer funds to make either a weekly

or monthly computation to determine

whether certain customer funds need to

be segregated in a special reserve bank

account for the exclusive benefit of the

firm’s customers. It also requires brokerdealers (1) to maintain a description of

the procedures utilized to comply with

the possession and control requirements

of the rule; (2) to maintain a written

notification from the bank where the

Special Reserve Bank Account is located

that all assets in the account are for the

exclusive benefit of broker-dealer’s

customers; and (3) to give telegraphic

notice to the Commission, and the

appropriate Self-Regulatory

Organization under certain

circumstances.

Commission staff estimates that the

average number of hours necessary for

each broker-dealer subject to the rule to

make the required reserve computations

is 2.5 hours per response.

Approximately 327 broker-dealers

choose to make a weekly computation

and 115 broker-dealers choose to make

a monthly computation. Accordingly,

the total burden for this requirement is

estimated to be 45,960 hours annually

for all broker-dealers, based upon past

submissions. The staff believes that

financial reporting specialists will make

the computations. The staff estimates

that the hourly salary of a financial

reporting specialist is $72.40 per hour.1

Consequently, Commission staff

estimates that the annual total cost of

compliance with the reserve

computation requirement for all brokerdealers, taking overhead into

consideration, is $3,327,504.

In addition, Commission staff

estimates that broker-dealers file

approximately 30 notices per year

pursuant to the rule. Commission staff

estimates that it takes approximately 30

minutes to file each notice. Accordingly,

the total burden for this requirement is

estimated to be 15 hours annually for all

broker-dealers, based on past

submissions. The average cost per hour

is approximately $72.40. Consequently,

Commission staff estimates that the

annual total cost of compliance with the

notice requirement for all brokerdealers, taking overhead into

consideration, is $1,086.

Based on the above, Commission staff

estimates that the total cost of

compliance with the rule for all brokerdealers is $3,328,590.

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, NW.,

Washington, DC 20549.

Dated: November 9, 2000.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 00–29442 Filed 11–16–00; 8:45 am]

BILLING CODE 8010–01–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 17Ad–2(c), (d), and (h), SEC

File No. 270–149, OMB Control No. 3235–

0130

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’’) had submitted to the

Office of Management and Budget a

request for extension of the previously