29410 Federal Register / Vol. 87, No. 93 / Friday, May 13, 2022 / Notices 

3The staff estimated the annual cost of preserving 

the required books and records by identifying the 

annual costs incurred by several funds and then 

relating this total cost to the average net assets of 

these funds during the year. With a total of $328.5 

million under management in small funds, $52.4 

billion under management in medium funds and 

$5.4 trillion under management in large funds, the 

costs of preservation were estimated as follows: 

((0.0051295 × $328.5 million) + (0.0005041 × $52.4 

billion) + (0.0000009 × $5.4 trillion) = $33.0 

million. For purposes of this PRA submission, 

Commission staff used the following categories for 

fund sizes: (i) small–money market funds with $50 

million or less in assets under management; (ii) 

medium–money market funds with more than $50 

million up to and including $1 billion in assets 

under management; and (iii) large–money market 

funds with more than $1 billion in assets under 

management. 

4This estimate is based on the following 

calculation: $0.0000132 × $5.4 trillion in assets 

under management for large funds = $71.6 million. 

5This estimate is based on the following 

calculation: $71.6 million in capital costs/2 = $35.8 

million. 

6This estimate is based on the following 

calculation: $33.0 million in record preservation 

costs/2 = $16.5 million. 

management for medium funds, and 

$0.0000009 per dollar of assets under 

management for large funds, the staff 

estimates compliance with the record 

storage requirements of rule 2a–7 costs 

the fund industry approximately $33.0 

million per year.3

Based on responses from individuals 

in the money market fund industry, the 

staff estimates that some of the largest 

fund complexes have created computer 

programs for maintaining and 

preserving compliance records for rule 

2a–7. Based on a cost of $0.0000132 per 

dollar of assets under management for 

large funds, the staff estimates that total 

annualized capital/startup costs range 

from $0 for small funds to $71.6 million 

for all large funds.4 Commission staff 

further estimates that, even absent the 

requirements of rule 2a–7, money 

market funds would spend at least half 

of the amount for capital costs ($35.8 

million) 5 and for record preservation 

($16.5 million) 6 to establish and 

maintain these records and the systems 

for preserving them as a part of sound 

business practices to ensure 

diversification and minimal credit risk 

in a portfolio for a fund that seeks to 

maintain a stable price per share. 

These estimates of burden hours and 

costs are made solely for the purposes 

of the Paperwork Reduction Act. The 

estimates are not derived from a 

comprehensive or even a representative 

survey or study of Commission rules. 

The collection of information under 

Rule 2a–7 is mandatory. The 

information provided by the rule is not 

kept confidential. 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. 

The public may view background 

documentation for this information 

collection at the following website: 

www.reginfo.gov. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. Written comments and 

recommendations for the proposed 

information collection should be sent 

within 30 days of publication of this 

notice by June 13, 2022 to (i) 

MBX.OMB.OIRA.SEC_desk_officer@

omb.eop.gov and (ii) David Bottom, 

Director/Chief Information Officer, 

Securities and Exchange Commission, 

c/o John Pezzullo, 100 F Street NE, 

Washington, DC 20549, or by sending an 

email to: PRA_Mailbox@sec.gov. 

Dated: May 9, 2022. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–10299 Filed 5–12–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–344, OMB Control No. 

3235–0391] 

Submission for OMB Review; 

Comment Request 

Upon Written Request Copies Available 

From: Securities and Exchange 

Commission, Office of FOIA Services, 

100 F Street NE, Washington, DC 

20549–2736 

Extension: 

Form T–6 

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 this 

request for extension of the previously 

approved collection of information 

discussed below. 

Form T–6 (17 CFR 269.9) is an 

application for eligibility and 

qualification for a foreign person or 

corporation under the Trust Indenture 

Act of 1939 (15 U.S.C. 77aaa et seq.). 

Form T–6 provides the basis for 

determining whether a foreign person or 

corporation is eligible to serve as a 

trustee for qualified indenture. Form T– 

6 is filed on occasion. The information 

collected must be filed with the 

Commission and is publicly available. 

Form T–6 takes approximately 17 

burden hours per response and is filed 

by approximately one respondent 

annually. We estimate that 25% of the 

17 hours (4.25 hours) is prepared by the 

filer for an annual reporting burden of 

4 hours (4.25 hours per response × 1 

response). 

An agency may conduct or sponsor, 

and a person is not required to respond 

to, a collection of information unless it 

displays a currently valid control 

number. 

The public may view background 

documentation for this information 

collection at the following website: 

www.reginfo.gov. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. Written comments and 

recommendations for the proposed 

information collection should be sent 

within 30 days of publication of this 

notice by June 13, 2022 to (i) 

www.reginfo.gov/public/do/PRAMain 

and (ii) David Bottom, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o John 

Pezzullo, 100 F Street NE, Washington, 

DC 20549, or by sending an email to: 

PRA_Mailbox@sec.gov. 

Dated: May 9, 2022. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–10297 Filed 5–12–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–330, OMB Control No. 

3235–0645] 

Submission for OMB Review; 

Comment Request 

Upon Written Request Copies Available 

From: Securities and Exchange 

Commission, Office of FOIA Services, 

100 F Street NE, Washington, DC 

20549–2736 

Extension: 

Interactive Data 

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 this 

request for extension of the previously 

approved collection of information 

discussed below. 

The ‘‘Interactive Data’’ collection of 

information requires issuers filing 

registration statements under the 

Securities Act of 1933 (15 U.S.C. 77a et 

seq.) and reports under the Securities 

Exchange Act of 1934 (15 U.S.C. 78a et 

seq.) to submit specified financial 


lotter on DSK11XQN23PROD with NOTICES1