Document ID: SEC-2005-0008-0001
Agency: sec
Document Type: Notice
Title: Agency information collection activities; proposals, submissions, and approvals
Posted Date: 2005-09-21T04:00Z

[Federal Register: September 21, 2005 (Volume 70, Number 182)]
[Notices]               
[Page 55430-55431]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr21se05-127]                         

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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 17a-10; SEC File No. 270-154; OMB Control No. 3235-0122.

    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. The Code of Federal Regulations citation 
to this collection of information is the following rule: 17 CFR 
240.17a-10.
    Rule 17a-10 requires broker-dealers that are exempted from the 
filing requirements of paragraph (a) of Rule 17a-5 (17 CFR section 
240.17a-5) to file with the Commission an annual statement of income 
(loss) and balance sheet. It is anticipated that approximately 500 
broker-dealers will spend 12 hours per year complying with Rule 17a-10. 
The total burden is estimated to be approximately 6,000 hours. Each 
broker-dealer will spend approximately $880 per response \1\ for a

[[Page 55431]]

total annual expense for all broker-dealers of $440,000.
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    \1\ According to the Securities Industry Association's guide on 
management and professional earnings, the median salary for a 
financial reporting manager is $97,500. Assuming that a financial 
reporting manager works 1800 hours per year, he or she earns $54.17 
per hour. Adding in overhead costs of 35%, the hourly rate equals 
$73.13 per hour, or $877.56 per 12-hour response.
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    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, DC 20503 or by sending an e-mail to: 
David_Rostker@omb.eop.gov; and (ii) R. Corey Booth, Director, Chief 

Information Officer, Office of Information Technology, Securities and 
Exchange Commission, 100 F Street, NE., Washington, DC 20549. Comments 
must be submitted to OMB within 30 days of this notice.

    Dated: September 13, 2005.
Jonathan G. Katz,
Secretary.
[FR Doc. 05-18764 Filed 9-20-05; 8:45 am]

BILLING CODE 8010-01-P