41080 Federal Register / Vol. 82, No. 166 / Tuesday, August 29, 2017 / Notices 

6 17 CFR 200.30–3(a)(31). 

1 15 U.S.C. 77f(b). 

2 15 U.S.C. 78m(e). 

3 15 U.S.C. 78n(g). 

4 15 U.S.C. 77f(b)(2). The annual adjustments are 

designed to adjust the fee rate in a given fiscal year 

so that, when applied to the aggregate maximum 

offering price at which securities are proposed to 

be offered for the fiscal year, it is reasonably likely 

to produce total fee collections under Section 6(b) 

equal to the ‘‘target fee collection amount’’ specified 

in Section 6(b)(6)(A) for that fiscal year. 5 15 U.S.C. 78m(e)(4) and 15 U.S.C. 78n(g)(4). 

6Appendix A explains how we determined the 

‘‘baseline estimate of the aggregate maximum 

offering price’’ for fiscal year 2018 using our 

methodology, and then shows the arithmetical 

process of calculating the fiscal year 2018 annual 

adjustment based on that estimate. The appendix 

includes the data used by the Commission in 

making its ‘‘baseline estimate of the aggregate 

maximum offering price’’ for fiscal year 2018. 

7 15 U.S.C. 77f(b)(4), 15 U.S.C. 78m(e)(6) and 15 

U.S.C. 78n(g)(6). 

8 15 U.S.C. 77f(b), 78m(e) and 78n(g). 

disapprove, the proposed rule change 

(File No. SR–BatsEDGX–2017–29). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.6

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–18241 Filed 8–28–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Sunshine Act Meeting 

Notice is hereby given, pursuant to 

the provisions of the Government in the 

Sunshine Act, Public Law 94–409, that 

the Securities and Exchange 

Commission will hold a closed meeting 

on Thursday, August 31, 2017 at 2 p.m. 

Commissioners, Counsel to the 

Commissioners, the Secretary to the 

Commission, and recording secretaries 

will attend the closed meeting. Certain 

staff members who have an interest in 

the matters also may be present. 

The General Counsel of the 

Commission, or his designee, has 

certified that, in his opinion, one or 

more of the exemptions set forth in 5 

U.S.C. 552b(c)(3), (5), (7), 9(B) and (10) 

and 17 CFR 200.402(a)(3), (a)(5), (a)(7), 

(a)(9)(ii) and (a)(10), permit 

consideration of the scheduled matters 

at the closed meeting. 

Commissioner Piwowar, as duty 

officer, voted to consider the items 

listed for the closed meeting in closed 

session. 

The subject matters of the closed 

meeting will be: 

Institution and settlement of 

injunctive actions; 

Institution and settlement of 

administrative proceedings; 

Adjudicatory matters; 

Resolution of litigation claims; and 

Other matters relating to enforcement 

proceedings. 

At times, changes in Commission 

priorities require alterations in the 

scheduling of meeting items. 

For further information and to 

ascertain what, if any, matters have been 

added, deleted or postponed; please 

contact Brent J. Fields from the Office of 

the Secretary at (202) 551–5400. 

Dated: August 24, 2017. 

Brent J. Fields, 

Secretary. 

[FR Doc. 2017–18350 Filed 8–25–17; 11:15 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release Nos. 33–10407; 34–81476/August 

24, 2017] 

Order Making Fiscal Year 2018 Annual 

Adjustments to Registration Fee Rates 

I. Background 

The Commission collects fees under 

various provisions of the securities 

laws. Section 6(b) of the Securities Act 

of 1933 (‘‘Securities Act’’) requires the 

Commission to collect fees from issuers 

on the registration of securities.1 Section 

13(e) of the Securities Exchange Act of 

1934 (‘‘Exchange Act’’) requires the 

Commission to collect fees on specified 

repurchases of securities.2 Section 14(g) 

of the Exchange Act requires the 

Commission to collect fees on specified 

proxy solicitations and statements in 

corporate control transactions.3 These 

provisions require the Commission to 

make annual adjustments to the 

applicable fee rates. 

II. Fiscal Year 2018 Annual Adjustment 

to Fee Rates 

Section 6(b)(2) of the Securities Act 

requires the Commission to make an 

annual adjustment to the fee rate 

applicable under Section 6(b).4 The 

annual adjustment to the fee rate under 

Section 6(b) of the Securities Act also 

sets the annual adjustment to the fee 

rates under Sections 13(e) and 14(g) of 

the Exchange Act.5

Section 6(b)(2) sets forth the method 

for determining the annual adjustment 

to the fee rate under Section 6(b) for 

fiscal year 2018. Specifically, the 

Commission must adjust the fee rate 

under Section 6(b) to a ‘‘rate that, when 

applied to the baseline estimate of the 

aggregate maximum offering prices for 

[fiscal year 2018], is reasonably likely to 

produce aggregate fee collections under 

[Section 6(b)] that are equal to the target 

fee collection amount for [fiscal year 

2018].’’ That is, the adjusted rate is 

determined by dividing the ‘‘target fee 

collection amount’’ for fiscal year 2018 

by the ‘‘baseline estimate of the 

aggregate maximum offering prices’’ for 

fiscal year 2018. 

Section 6(b)(6)(A) specifies that the 

‘‘target fee collection amount’’ for fiscal 

year 2018 is $620,000,000. Section 

6(b)(6)(B) defines the ‘‘baseline estimate 

of the aggregate maximum offering 

prices’’ for fiscal year 2018 as ‘‘the 

baseline estimate of the aggregate 

maximum offering price at which 

securities are proposed to be offered 

pursuant to registration statements filed 

with the Commission during [fiscal year 

2018] as determined by the 

Commission, after consultation with the 

Congressional Budget Office and the 

Office of Management and Budget . . . 

.’’ 

To make the baseline estimate of the 

aggregate maximum offering price for 

fiscal year 2018, the Commission is 

using a methodology that has been used 

in prior fiscal years and that was 

developed in consultation with the 

Congressional Budget Office (‘‘CBO’’) 

and Office of Management and Budget 

(‘‘OMB’’).6 Using this methodology, the 

Commission determines the ‘‘baseline 

estimate of the aggregate maximum 

offering price’’ for fiscal year 2018 to be 

$4,981,648,951,511. Based on this 

estimate, the Commission calculates the 

fee rate for fiscal 2018 to be $124.50 per 

million. This adjusted fee rate applies to 

Section 6(b) of the Securities Act, as 

well as to Sections 13(e) and 14(g) of the 

Exchange Act. 

III. Effective Dates of the Annual 

Adjustments 

The fiscal year 2018 annual 

adjustments to the fee rates applicable 

under Section 6(b) of the Securities Act 

and Sections 13(e) and 14(g) of the 

Exchange Act will be effective on 

October 1, 2017.7

IV. Conclusion 

Accordingly, pursuant to Section 6(b) 

of the Securities Act and Sections 13(e) 

and 14(g) of the Exchange Act,8

It is hereby ordered that the fee rates 

applicable under Section 6(b) of the 

Securities Act and Sections 13(e) and 

14(g) of the Exchange Act shall be 

$124.50 per million effective on October 

1, 2017. 


sradovich on DSK3GMQ082PROD with NOTICES
Federal Register / Vol. 82, No. 166 / Tuesday, August 29, 2017 / Notices 41081 

By the Commission. 

Brent J. Fields, 

Secretary. 

Appendix A 

Congress has established a target amount of 

monies to be collected from fees charged to 

issuers based on the value of their 

registrations. This appendix provides the 

formula for determining such fees, which the 

Commission adjusts annually. Congress has 

mandated that the Commission determine 

these fees based on the ‘‘aggregate maximum 

offering prices,’’ which measures the 

aggregate dollar amount of securities 

registered with the Commission over the 

course of the year. In order to maximize the 

likelihood that the amount of monies targeted 

by Congress will be collected, the fee rate 

must be set to reflect projected aggregate 

maximum offering prices. As a percentage, 

the fee rate equals the ratio of the target 

amounts of monies to the projected aggregate 

maximum offering prices. 

For 2018, the Commission has estimated 

the aggregate maximum offering prices by 

projecting forward the trend established in 

the previous decade. More specifically, an 

ARIMA model was used to forecast the value 

of the aggregate maximum offering prices for 

months subsequent to July 2017, the last 

month for which the Commission has data on 

the aggregate maximum offering prices. 

The following sections describe this 

process in detail. 

A. Baseline Estimate of the Aggregate 

Maximum Offering Prices for Fiscal Year 

2018 

First, calculate the aggregate maximum 

offering prices (AMOP) for each month in the 

sample (July 2007–July 2017). Next, calculate 

the percentage change in the AMOP from 

month to month. 

Model the monthly percentage change in 

AMOP as a first order moving average 

process. The moving average approach 

allows one to model the effect that an 

exceptionally high (or low) observation of 

AMOP tends to be followed by a more 

‘‘typical’’ value of AMOP. 

Use the estimated moving average model to 

forecast the monthly percent change in 

AMOP. These percent changes can then be 

applied to obtain forecasts of the total dollar 

value of registrations. The following is a 

more formal (mathematical) description of 

the procedure: 

1. Begin with the monthly data for AMOP. 

The sample spans ten years, from July 2007 

to July 2017. 

2. Divide each month’s AMOP (column C) 

by the number of trading days in that month 

(column B) to obtain the average daily AMOP 

(AAMOP, column D). 

3. For each month t, the natural logarithm 

of AAMOP is reported in column E. 

4. Calculate the change in log(AAMOP) 

from the previous month as Dt = log 

(AAMOPt) ¥ log(AAMOPt¥1). This 

approximates the percentage change. 

5. Estimate the first order moving average 

model Dt = a + bet ¥1 + et, where et denotes 

the forecast error for month t. The forecast 

error is simply the difference between the 

one-month ahead forecast and the actual 

realization of Dt. The forecast error is 

expressed as et = Dt¥a¥bet¥1. The model 

can be estimated using standard 

commercially available software. Using least 

squares, the estimated parameter values are 

a = 0.0014909132 and b = 0.8922530731. 

6. For the month of August 2017 forecast 

Dt = 8/2017 = a + bet = 7/2017. For all subsequent 

months, forecast Dt = a. 

7. Calculate forecasts of log(AAMOP). For 

example, the forecast of log(AAMOP) for 

October 2017 is given by FLAAMOP t = 10/2017

= log(AAMOP t = 7/2017) + Dt = 8/2017 + Dt = 9/2017

+ Dt = 10/2017. 

8. Under the assumption that et is normally 

distributed, the n-step ahead forecast of 

AAMOP is given by exp(FLAAMOPt + sn

2/2), 

where sn denotes the standard error of the nstep ahead forecast. 

9. For October 2017, this gives a forecast 

AAMOP of $19.617 billion (Column I), and 

a forecast AMOP of $431.6 billion (Column 

J). 

10. Iterate this process through September 

2018 to obtain a baseline estimate of the 

aggregate maximum offering prices for fiscal 

year 2018 of $4,981,648,951,511. 

B. Using the Forecasts From A To Calculate 

the New Fee Rate 

1. Using the data from Table A, estimate 

the aggregate maximum offering prices 

between 10/01/17 and 9/30/18 to be 

$4,981,648,951,511. 

2. The rate necessary to collect the target 

$620,000,000 in fee revenues set by Congress 

is then calculated as: $620,000,000 ÷ 

$4,981,648,951,511 = 0.000124457. 

3. Round the result to the seventh decimal 

point, yielding a rate of 0.0001245 (or 

$124.50 per million). 

TABLE A—ESTIMATION OF BASELINE OF AGGREGATE MAXIMUM OFFERING PRICES

Fee rate calculation 

a. Baseline estimate of the aggregate maximum offering prices, 10/1/17 to 9/30/18 ($Millions) ............................................................ 4,981,649 

b. Implied fee rate ($620 Million/a) ............................................................................................................................................................ $124.50 

Month 

Number of 

trading 

days in 

month 

Aggregate 

maximum 

offering 

prices, in 

$millions 

Average 

daily 

aggregate max. 

offering 

prices 

(AAMOP) 

in $millions 

Log 

(AAMOP) 

Log 

(change in 

AAMOP) 

Forecast 

log 

(AAMOP) 

Standard 

error 

Forecast 

AAMOP, in 

$millions 

Forecast 

aggregate 

maximum 

offering 

prices, in 

$millions 

(A) (B) 

 

(C) 

 

(D) 

 

(E) 

 

(F) 

 

(G) 

 

(H) 

 

(I) 

 

(J) 

 

Data 

Jul–07 .......................................................... 21 326,612 15,553 23.468 .................. .................. .................. .................. ..................

Aug–07 ........................................................ 23 369,172 16,051 23.499 0.032 .................. .................. .................. ..................

Sep–07 ........................................................ 19 241,059 12,687 23.264 ¥0.235 .................. .................. .................. ..................

Oct–07 ......................................................... 23 239,652 10,420 23.067 ¥0.197 .................. .................. .................. ..................

Nov–07 ........................................................ 21 458,654 21,841 23.807 0.740 .................. .................. .................. ..................

Dec–07 ........................................................ 20 410,200 20,510 23.744 ¥0.063 .................. .................. .................. ..................

Jan–08 ......................................................... 21 354,433 16,878 23.549 ¥0.195 .................. .................. .................. ..................

Feb–08 ........................................................ 20 263,410 13,171 23.301 ¥0.248 .................. .................. .................. ..................

Mar–08 ........................................................ 20 596,923 29,846 24.119 0.818 .................. .................. .................. ..................

Apr–08 ......................................................... 22 292,534 13,297 23.311 ¥0.809 .................. .................. .................. ..................

May–08 ........................................................ 21 456,077 21,718 23.801 0.491 .................. .................. .................. ..................

Jun–08 ......................................................... 21 461,087 21,957 23.812 0.011 .................. .................. .................. ..................

Jul–08 .......................................................... 22 232,896 10,586 23.083 ¥0.730 .................. .................. .................. ..................

Aug–08 ........................................................ 21 395,440 18,830 23.659 0.576 .................. .................. .................. ..................

Sep–08 ........................................................ 21 177,636 8,459 22.858 ¥0.800 .................. .................. .................. ..................

Oct–08 ......................................................... 23 360,494 15,674 23.475 0.617 .................. .................. .................. ..................

Nov–08 ........................................................ 19 288,911 15,206 23.445 ¥0.030 .................. .................. .................. ..................


sradovich on DSK3GMQ082PROD with NOTICES
41082 Federal Register / Vol. 82, No. 166 / Tuesday, August 29, 2017 / Notices 

Month 

Number of 

trading 

days in 

month 

Aggregate 

maximum 

offering 

prices, in 

$millions 

Average 

daily 

aggregate 

max. 

offering 

prices 

(AAMOP) 

in $millions 

Log 

(AAMOP) 

Log 

(change in 

AAMOP) 

Forecast 

log 

(AAMOP) 

Standard 

error 

Forecast 

AAMOP, in 

$millions 

Forecast 

aggregate 

maximum 

offering 

prices, in 

$millions 

(A) (B) 

 

(C) 

 

(D) 

 

(E) 

 

(F) 

 

(G) 

 

(H) 

 

(I) 

 

(J) 

 

Dec–08 ........................................................ 22 319,584 14,527 23.399 ¥0.046 .................. .................. .................. ..................

Jan–09 ......................................................... 20 375,065 18,753 23.655 0.255 .................. .................. .................. ..................

Feb–09 ........................................................ 19 249,666 13,140 23.299 ¥0.356 .................. .................. .................. ..................

Mar–09 ........................................................ 22 739,931 33,633 24.239 0.940 .................. .................. .................. ..................

Apr–09 ......................................................... 21 235,914 11,234 23.142 ¥1.097 .................. .................. .................. ..................

May–09 ........................................................ 20 329,522 16,476 23.525 0.383 .................. .................. .................. ..................

Jun–09 ......................................................... 22 357,524 16,251 23.511 ¥0.014 .................. .................. .................. ..................

Jul–09 .......................................................... 22 185,187 8,418 22.854 ¥0.658 .................. .................. .................. ..................

Aug–09 ........................................................ 21 192,726 9,177 22.940 0.086 .................. .................. .................. ..................

Sep–09 ........................................................ 21 189,224 9,011 22.922 ¥0.018 .................. .................. .................. ..................

Oct–09 ......................................................... 22 215,720 9,805 23.006 0.085 .................. .................. .................. ..................

Nov–09 ........................................................ 20 248,353 12,418 23.242 0.236 .................. .................. .................. ..................

Dec–09 ........................................................ 22 340,464 15,476 23.463 0.220 .................. .................. .................. ..................

Jan–10 ......................................................... 19 173,235 9,118 22.933 ¥0.529 .................. .................. .................. ..................

Feb–10 ........................................................ 19 209,963 11,051 23.126 0.192 .................. .................. .................. ..................

Mar–10 ........................................................ 23 432,934 18,823 23.658 0.533 .................. .................. .................. ..................

Apr–10 ......................................................... 21 280,188 13,342 23.314 ¥0.344 .................. .................. .................. ..................

May–10 ........................................................ 20 278,611 13,931 23.357 0.043 .................. .................. .................. ..................

Jun–10 ......................................................... 22 364,251 16,557 23.530 0.173 .................. .................. .................. ..................

Jul–10 .......................................................... 21 171,191 8,152 22.822 ¥0.709 .................. .................. .................. ..................

Aug–10 ........................................................ 22 240,793 10,945 23.116 0.295 .................. .................. .................. ..................

Sep–10 ........................................................ 21 260,783 12,418 23.242 0.126 .................. .................. .................. ..................

Oct–10 ......................................................... 21 214,988 10,238 23.049 ¥0.193 .................. .................. .................. ..................

Nov–10 ........................................................ 21 340,112 16,196 23.508 0.459 .................. .................. .................. ..................

Dec–10 ........................................................ 22 297,992 13,545 23.329 ¥0.179 .................. .................. .................. ..................

Jan–11 ......................................................... 20 233,668 11,683 23.181 ¥0.148 .................. .................. .................. ..................

Feb–11 ........................................................ 19 252,785 13,304 23.311 0.130 .................. .................. .................. ..................

Mar–11 ........................................................ 23 595,198 25,878 23.977 0.665 .................. .................. .................. ..................

Apr–11 ......................................................... 20 236,355 11,818 23.193 ¥0.784 .................. .................. .................. ..................

May–11 ........................................................ 21 319,053 15,193 23.444 0.251 .................. .................. .................. ..................

Jun–11 ......................................................... 22 359,727 16,351 23.518 0.073 .................. .................. .................. ..................

Jul–11 .......................................................... 20 215,391 10,770 23.100 ¥0.418 .................. .................. .................. ..................

Aug–11 ........................................................ 23 179,870 7,820 22.780 ¥0.320 .................. .................. .................. ..................

Sep–11 ........................................................ 21 168,005 8,000 22.803 0.023 .................. .................. .................. ..................

Oct–11 ......................................................... 21 181,452 8,641 22.880 0.077 .................. .................. .................. ..................

Nov–11 ........................................................ 21 256,418 12,210 23.226 0.346 .................. .................. .................. ..................

Dec–11 ........................................................ 21 237,652 11,317 23.150 ¥0.076 .................. .................. .................. ..................

Jan–12 ......................................................... 20 276,965 13,848 23.351 0.202 .................. .................. .................. ..................

Feb–12 ........................................................ 20 228,419 11,421 23.159 ¥0.193 .................. .................. .................. ..................

Mar–12 ........................................................ 22 430,806 19,582 23.698 0.539 .................. .................. .................. ..................

Apr–12 ......................................................... 20 173,626 8,681 22.884 ¥0.813 .................. .................. .................. ..................

May–12 ........................................................ 22 414,122 18,824 23.658 0.774 .................. .................. .................. ..................

Jun–12 ......................................................... 21 272,218 12,963 23.285 ¥0.373 .................. .................. .................. ..................

Jul–12 .......................................................... 21 170,462 8,117 22.817 ¥0.468 .................. .................. .................. ..................

Aug–12 ........................................................ 23 295,472 12,847 23.276 0.459 .................. .................. .................. ..................

Sep–12 ........................................................ 19 331,295 17,437 23.582 0.305 .................. .................. .................. ..................

Oct–12 ......................................................... 21 137,562 6,551 22.603 ¥0.979 .................. .................. .................. ..................

Nov–12 ........................................................ 21 221,521 10,549 23.079 0.476 .................. .................. .................. ..................

Dec–12 ........................................................ 20 321,602 16,080 23.501 0.422 .................. .................. .................. ..................

Jan–13 ......................................................... 21 368,488 17,547 23.588 0.087 .................. .................. .................. ..................

Feb–13 ........................................................ 19 252,148 13,271 23.309 ¥0.279 .................. .................. .................. ..................

Mar–13 ........................................................ 20 533,440 26,672 24.007 0.698 .................. .................. .................. ..................

Apr–13 ......................................................... 22 235,779 10,717 23.095 ¥0.912 .................. .................. .................. ..................

May–13 ........................................................ 22 382,950 17,407 23.580 0.485 .................. .................. .................. ..................

Jun–13 ......................................................... 20 480,624 24,031 23.903 0.322 .................. .................. .................. ..................

Jul–13 .......................................................... 22 263,869 11,994 23.208 ¥0.695 .................. .................. .................. ..................

Aug–13 ........................................................ 22 253,305 11,514 23.167 ¥0.041 .................. .................. .................. ..................

Sep–13 ........................................................ 20 267,923 13,396 23.318 0.151 .................. .................. .................. ..................

Oct–13 ......................................................... 23 293,847 12,776 23.271 ¥0.047 .................. .................. .................. ..................

Nov–13 ........................................................ 20 326,257 16,313 23.515 0.244 .................. .................. .................. ..................

Dec–13 ........................................................ 21 358,169 17,056 23.560 0.045 .................. .................. .................. ..................

Jan–14 ......................................................... 21 369,067 17,575 23.590 0.030 .................. .................. .................. ..................

Feb–14 ........................................................ 19 298,376 15,704 23.477 ¥0.113 .................. .................. .................. ..................

Mar–14 ........................................................ 21 564,840 26,897 24.015 0.538 .................. .................. .................. ..................

Apr–14 ......................................................... 21 263,401 12,543 23.252 ¥0.763 .................. .................. .................. ..................

May–14 ........................................................ 21 403,700 19,224 23.679 0.427 .................. .................. .................. ..................

Jun–14 ......................................................... 21 423,075 20,146 23.726 0.047 .................. .................. .................. ..................

Jul–14 .......................................................... 22 373,811 16,991 23.556 ¥0.170 .................. .................. .................. ..................

Aug–14 ........................................................ 21 405,017 19,287 23.683 0.127 .................. .................. .................. ..................

Sep–14 ........................................................ 21 409,349 19,493 23.693 0.011 .................. .................. .................. ..................

Oct–14 ......................................................... 23 338,832 14,732 23.413 ¥0.280 .................. .................. .................. ..................

Nov–14 ........................................................ 19 386,898 20,363 23.737 0.324 .................. .................. .................. ..................

Dec–14 ........................................................ 22 370,760 16,853 23.548 ¥0.189 .................. .................. .................. ..................

Jan–15 ......................................................... 20 394,127 19,706 23.704 0.156 .................. .................. .................. ..................


sradovich on DSK3GMQ082PROD with NOTICES
Federal Register / Vol. 82, No. 166 / Tuesday, August 29, 2017 / Notices 41083 

Month 

Number of 

trading 

days in 

month 

Aggregate 

maximum 

offering 

prices, in 

$millions 

Average 

daily 

aggregate 

max. 

offering 

prices 

(AAMOP) 

in $millions 

Log 

(AAMOP) 

Log 

(change in 

AAMOP) 

Forecast 

log 

(AAMOP) 

Standard 

error 

Forecast 

AAMOP, in 

$millions 

Forecast 

aggregate 

maximum 

offering 

prices, in 

$millions 

(A) (B) (C) (D) (E) (F) (G) (H) (I) (J) 

Feb–15 ........................................................ 19 466,138 24,534 23.923 0.219 .................. .................. .................. ..................

Mar–15 ........................................................ 22 753,747 34,261 24.257 0.334 .................. .................. .................. ..................

Apr–15 ......................................................... 21 356,560 16,979 23.555 ¥0.702 .................. .................. .................. ..................

May–15 ........................................................ 20 478,591 23,930 23.898 0.343 .................. .................. .................. ..................

Jun–15 ......................................................... 22 446,102 20,277 23.733 ¥0.166 .................. .................. .................. ..................

Jul–15 .......................................................... 22 402,062 18,276 23.629 ¥0.104 .................. .................. .................. ..................

Aug–15 ........................................................ 21 334,746 15,940 23.492 ¥0.137 .................. .................. .................. ..................

Sep–15 ........................................................ 21 289,872 13,803 23.348 ¥0.144 .................. .................. .................. ..................

Oct–15 ......................................................... 22 300,276 13,649 23.337 ¥0.011 .................. .................. .................. ..................

Nov–15 ........................................................ 20 409,690 20,485 23.743 0.406 .................. .................. .................. ..................

Dec–15 ........................................................ 22 308,569 14,026 23.364 ¥0.379 .................. .................. .................. ..................

Jan–16 ......................................................... 19 457,411 24,074 23.904 0.540 .................. .................. .................. ..................

Feb–16 ........................................................ 20 554,343 27,717 24.045 0.141 .................. .................. .................. ..................

Mar–16 ........................................................ 22 900,301 40,923 24.435 0.390 .................. .................. .................. ..................

Apr–16 ......................................................... 21 250,716 11,939 23.203 ¥1.232 .................. .................. .................. ..................

May–16 ........................................................ 21 409,992 19,523 23.695 0.492 .................. .................. .................. ..................

Jun–16 ......................................................... 22 321,219 14,601 23.404 ¥0.291 .................. .................. .................. ..................

Jul–16 .......................................................... 20 289,671 14,484 23.396 ¥0.008 .................. .................. .................. ..................

Aug–16 ........................................................ 23 352,068 15,307 23.452 0.055 .................. .................. .................. ..................

Sep–16 ........................................................ 21 326,116 15,529 23.466 0.014 .................. .................. .................. ..................

Oct–16 ......................................................... 21 266,115 12,672 23.263 ¥0.203 .................. .................. .................. ..................

Nov–16 ........................................................ 21 443,034 21,097 23.772 0.510 .................. .................. .................. ..................

Dec–16 ........................................................ 21 310,614 14,791 23.417 ¥0.355 .................. .................. .................. ..................

Jan–17 ......................................................... 20 503,030 25,152 23.948 0.531 .................. .................. .................. ..................

Feb–17 ........................................................ 19 255,815 13,464 23.323 ¥0.625 .................. .................. .................. ..................

Mar–17 ........................................................ 23 723,870 31,473 24.172 0.849 .................. .................. .................. ..................

Apr–17 ......................................................... 19 255,275 13,436 23.321 ¥0.851 .................. .................. .................. ..................

May–17 ........................................................ 22 569,965 25,908 23.978 0.657 .................. .................. .................. ..................

Jun–17 ......................................................... 22 445,081 20,231 23.730 ¥0.247 .................. .................. .................. ..................

Jul–17 .......................................................... 20 291,167 14,558 23.401 ¥0.329 .................. .................. .................. ..................

Aug–17 ........................................................ 23 .................. .................. .................. .................. 23.641896 0.327 19,535 449,296 

Sep–17 ........................................................ 20 .................. .................. .................. .................. 23.643387 0.329 19,576 391,518 

Oct–17 ......................................................... 22 .................. .................. .................. .................. 23.644878 0.331 19,617 431,581 

Nov–17 ........................................................ 21 .................. .................. .................. .................. 23.646369 0.333 19,659 412,835 

Dec–17 ........................................................ 20 .................. .................. .................. .................. 23.647860 0.335 19,700 394,008 

Jan–18 ......................................................... 21 .................. .................. .................. .................. 23.649351 0.337 19,742 414,583 

Feb–18 ........................................................ 19 .................. .................. .................. .................. 23.650841 0.338 19,784 375,892 

Mar–18 ........................................................ 21 .................. .................. .................. .................. 23.652332 0.340 19,826 416,338 

Apr–18 ......................................................... 21 .................. .................. .................. .................. 23.653823 0.342 19,868 417,219 

May–18 ........................................................ 22 .................. .................. .................. .................. 23.655314 0.344 19,910 438,011 

Jun–18 ......................................................... 21 .................. .................. .................. .................. 23.656805 0.346 19,952 418,986 

Jul–18 .......................................................... 21 .................. .................. .................. .................. 23.658296 0.348 19,994 419,872 

Aug–18 ........................................................ 23 .................. .................. .................. .................. 23.659787 0.349 20,036 460,832 

Sep–18 ........................................................ 19 .................. .................. .................. .................. 23.661278 0.351 20,079 381,492 


sradovich on DSK3GMQ082PROD with NOTICES
41084 Federal Register / Vol. 82, No. 166 / Tuesday, August 29, 2017 / Notices 


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Federal Register / Vol. 82, No. 166 / Tuesday, August 29, 2017 / Notices 41085 

[FR Doc. 2017–18308 Filed 8–28–17; 8:45 am] 

BILLING CODE 8011–01–P 

SOCIAL SECURITY ADMINISTRATION 

[Docket No: SSA–2017–0045] 

Agency Information Collection 

Activities: Proposed Request and 

Comment Request 

The Social Security Administration 

(SSA) publishes a list of information 

collection packages requiring clearance 

by the Office of Management and 

Budget (OMB) in compliance with 

Public Law 104–13, the Paperwork 

Reduction Act of 1995, effective October 

1, 1995. This notice includes revisions 

of OMB-approved information 

collections. 

SSA is soliciting comments on the 

accuracy of the agency’s burden 

estimate; the need for the information; 

its practical utility; ways to enhance its 

quality, utility, and clarity; and ways to 

minimize burden on respondents, 

including the use of automated 

collection techniques or other forms of 

information technology. Mail, email, or 

fax your comments and 

recommendations on the information 

collection(s) to the OMB Desk Officer 

and SSA Reports Clearance Officer at 

the following addresses or fax numbers. 

(OMB), Office of Management and 

Budget, Attn: Desk Officer for SSA, 

Fax: 202–395–6974,Email address: 

OIRA_Submission@omb.eop.gov. 

(SSA), Social Security Administration, 

OLCA, Attn: Reports Clearance 

Director, 3100 West High Rise, 6401 

Security Blvd., Baltimore, MD 21235, 

Fax: 410–966–2830, Email address: 

OR.Reports.Clearance@ssa.gov. 

Or you may submit your comments 

online through www.regulations.gov, 

referencing Docket ID Number [SSA– 

2017–0045]. 

I. The information collections below 

are pending at SSA. SSA will submit 

them to OMB within 60 days from the 

date of this notice. To be sure we 

consider your comments, we must 

receive them no later than October 30, 

2017. Individuals can obtain copies of 

the collection instruments by writing to 

the above email address. 

1. Partnership Questionnaire—20 CFR 

404.1080–404.1082(e)—0960–0025. SSA 

considers partnership income in 

determining entitlement to Social 

Security benefits. SSA uses information 

from Form SSA–7104 to determine 

several aspects of eligibility for benefits, 

including the accuracy of reported 

partnership earnings; the veracity of a 

retirement; and lag earnings where SSA 

needs this information to determine the 

status of the insured. The respondents 

are applicants for, and recipients of, 

Title II Social Security benefits who are 

reporting partnership earnings. 

Type of Request: Revision of an OMBapproved information collection. 

Modality of 

completion 

Number of 

respondents 

Frequency of 

response 

Average burden 

per response 

(minutes) 

Estimated total 

annual burden 

(hours) 

SSA–7104 12,350 1 30 6,175 

2. Supplement to Claim of Person 

Outside the United States—20 CFR 

422.505(b), 404.460, 404.463, and 42 

CFR 407.27(c)—0960–0051. Claimants 

or beneficiaries (both United States 

(U.S.) citizens and aliens entitled to 

benefits) living outside the U.S. 

complete Form SSA–21 as a supplement 

to an application for benefits. SSA 

collects the information to determine 

eligibility for U.S. Social Security 

benefits for those months an alien 

beneficiary or claimant is outside the 

U.S., and to determine if tax 

withholding applies. In addition, SSA 

uses the information to: (1) Allow 

beneficiaries or claimants to request a 

special payment exception in an SSA 

restricted country; (2) terminate 

supplemental medical insurance 

coverage for recipients who request it, 

because they are, or will be, out of the 

United States; and (3) allow claimants to 

collect a lump sum death benefit if the 

number holder died outside the U.S. 

and we do not have information to 

determine whether the lump sum death 

benefit is payable under the Social 

Security Act (Act). The respondents are 

Social Security claimants, or 

individuals entitled to Social Security 

benefits, who are, were, or will be 

residing outside the U.S. three months 

or longer. 

Type of Request: Revision of an OMBapproved information collection. 

Modality of 

completion 

Number of 

respondents 

Frequency of 

response 

Average burden 

per response 

(minutes) 

Estimated 

total annual 

burden 

(hours) 

Paper SSA–21—U.S. Residents ..................................................................... 510 1 14 119 

Paper SSA–21—Residents of a Tax Treaty Country ...................................... 2,751 1 9 413 

Paper SSA–21—Nonresident aliens ............................................................... 1,835 1 8 245 

Modernized Claims System (MCS) Macros SSA–21—U.S. Residents .......... 1,325 1 11 243 

MCS Macros SSA 21—Residents of a Tax Treaty Country ........................... 7,153 1 6 715 

MCS Macros SSA 21—Nonresident aliens ..................................................... 4,769 1 5 397 

Totals ........................................................................................................ 18,343 ........................ ........................ 2,132 

II. SSA submitted the information 

collections below to OMB for clearance. 

Your comments regarding these 

information collections would be most 

useful if OMB and SSA receive them 30 

days from the date of this publication. 

To be sure we consider your comments, 

we must receive them no later than 

September 28, 2017. Individuals can 

obtain copies of the OMB clearance 

packages by writing to 

OR.Reports.Clearance@ssa.gov. 

1. Application for Search of Census 

Records for Proof of Age—20 CFR 

404.716—0960–0097. When preferred 

evidence of age is not available, or the 

available evidence is not convincing, 

SSA may ask the U.S. Department of 

Commerce, Bureau of the Census, to 

search its records to establish a 

claimant’s date of birth. SSA collects 

information from claimants using Form 

SSA–1535–U3 to provide the Census 

Bureau with sufficient identification 


sradovich on DSK3GMQ082PROD with NOTICES