22766 Federal Register / Vol. 74, No. 92 / Thursday, May 14, 2009 / Notices 

All other information in the original 

declaration remains unchanged. 

(Catalog of Federal Domestic Assistance 

Numbers 59002 and 59008) 

James E. Rivera, 

Acting Associate Administrator for Disaster 

Assistance. 

[FR Doc. E9–11285 Filed 5–13–09; 8:45 am] 

BILLING CODE 8025–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Proposed Extension of Existing 

Collection; Comment Request 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of Investor 

Education and Advocacy, 

Washington, DC 20549–0213. 

Extension: 

Rule 17a–6; OMB Control No. 3235–0489; 

SEC File No. 270–433. 

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 

of information to the Office of 

Management and Budget for extension 

and approval. 

Rule 17a–6 (17 CFR 240.17a–6) under 

the Securities Exchange Act of 1934 (15 

U.S.C. 78a et seq.) permits national 

securities exchanges, national securities 

associations, registered clearing 

agencies, and the Municipal Securities 

Rulemaking Board (collectively, 

‘‘SROs’’) to destroy or convert to 

microfilm or other recording media 

records maintained under Rule 17a–1, if 

they have filed a record destruction plan 

with the Commission and the 

Commission has declared such plan 

effective. 

There are currently 27 SROs: 17 

national securities exchanges, 1 national 

securities association, and 9 registered 

clearing agencies. Of the 27 SROs, 2 

SRO respondents have filed a record 

destruction plan with the Commission. 

The staff calculates that the preparation 

and filing of a new record destruction 

plan should take 160 hours. Further, 

any existing SRO record destruction 

plans may require revision, over time, in 

response to, for example, changes in 

document retention technology, which 

the Commission estimates will take 

much less than the 160 hours estimated 

for a new plan. Thus, the total annual 

compliance burden is estimated to be 60 

hours per year. The approximate cost 

per hour is $305, resulting in a total cost 

of compliance for these respondents of 

$18,300 per year (30 hours @ $305 per 

hour). 

Written comments are invited on: (a) 

Whether the proposed collection of 

information is necessary for the proper 

performance of the functions of the 

Commission, including whether the 

information shall have practical utility; 

(b) the accuracy of the Commission’s 

estimate of the burden of the 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. 

Comments should be directed to 

Charles Boucher, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o Shirley 

Martinson, 6432 General Green Way, 

Alexandria, VA 22312 or send an e-mail 

to PRA_Mailbox@sec.gov. 

Dated: May 7, 2009. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E9–11170 Filed 5–13–09; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Investment Company Act Release No. 

28722; File No. 812–13598] 

Flaherty & Crumrine Preferred Income 

Fund Incorporated, et al.; Notice of 

Application 

May 8, 2009. 

AGENCY: Securities and Exchange 

Commission (‘‘Commission’’). 

ACTION: Notice of application for an 

order under section 6(c) of the 

Investment Company Act of 1940 

(‘‘Act’’) for an exemption from sections 

18(a)(1)(A) and (B) of the Act. 

APPLICANTS: Flaherty & Crumrine 

Preferred Income Fund Incorporated 

(‘‘PFD’’), Flaherty & Crumrine Preferred 

Income Opportunity Fund Incorporated 

(‘‘PFO’’), Flaherty & Crumrine/Claymore 

Preferred Securities Income Fund 

Incorporated (‘‘FFC’’), and Flaherty & 

Crumrine/Claymore Total Return Fund 

Incorporated (‘‘FLC’’) (each, a ‘‘Fund’’ 

and collectively, ‘‘Funds’’). 

SUMMARY OF APPLICATION: Applicants 

request an order (‘‘Order’’) granting an 

exemption from sections 18(a)(1)(A) and 

(B) of the Act for a period from the date 

of the Order until October 31, 2010. The 

Order would permit each Fund to issue 

or incur debt that would be used to 

redeem the Fund’s auction preferred 

shares (‘‘APS Shares’’) issued prior to 

February 1, 2008 that are outstanding at 

the time of such issuance or incurrence 

(‘‘post-Order debt’’), and to refinance 

such post-Order debt, subject to the 

200% asset coverage requirement 

ordinarily applicable to a senior security 

that is stock. The Order also would 

permit each Fund to declare dividends 

or any other distributions on, or 

purchase, capital stock during the term 

of the Order, provided that any such 

post-Order debt has asset coverage of at 

least 200% after deducting the amount 

of such transaction. 

FILING DATES: The application was filed 

on November 4, 2008, and amended on 

March 23, 2009 and April 23, 2009. 

HEARING OR NOTIFICATION OF HEARING: An 

order granting the application will be 

issued unless the Commission orders a 

hearing. Interested persons may request 

a hearing by writing to the 

Commission’s Secretary and serving 

applicants with a copy of the request, 

personally or by mail. Hearing requests 

should be received by the Commission 

by 5:30 p.m. on May 29, 2009, and 

should be accompanied by proof of 

service on applicants, 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 

Commission’s Secretary. 

ADDRESSES: Secretary, Securities and 

Exchange Commission, 100 F Street, 

NE., Washington, DC 20549–1090. 

Applicants: Donald F. Crumrine, 

Flaherty & Crumrine Incorporated, 301 

E. Colorado Boulevard, Suite 720, 

Pasadena, CA 91101. 

FOR FURTHER INFORMATION CONTACT: 

Steven I. Amchan, Attorney Adviser, at 

(202) 551–6826, or Jennifer L. Sawin, 

Branch Chief, at (202) 551–6821 

(Division of Investment Management, 

Office of Investment Company 

Regulation). 

SUPPLEMENTARY INFORMATION: The 

following is a summary of the 

application. The complete application 

may be obtained via the Commission’s 

Web site by searching for the file 

number, or an applicant using the 

Company name box, at http:// 

www.sec.gov/search/search.htm or by 

calling (202) 551–8090. 


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