30 Day Federal Register Notice

Federal Register / Vol. 83, No. 48 / Monday, March 12, 2018 / Notices
Dated at Rockville, Maryland, this 7th day
of March 2018.
For the Nuclear Regulatory Commission.
Tyrone D. Naquin,
Project Manager, Fuel Manufacturing Branch,
Division of Fuel Cycle Safety, Safeguards and
Environmental Review, Office of Nuclear
Material Safety and Safeguards.
[FR Doc. 2018–04947 Filed 3–9–18; 8:45 am]
BILLING CODE 7590–01–P

NUCLEAR REGULATORY
COMMISSION
Advisory Committee on Reactor
Safeguards (ACRS); Notice of Meeting
of the ACRS Subcommittee on
NuScale

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The ACRS Subcommittee on NuScale
will hold a meeting on March 21, 2018,
at 11545 Rockville Pike, Room T–2B1,
Rockville, Maryland 20852.
The meeting will be open to public
attendance The meetings will be open to
public attendance with the exception of
portions that may be closed to protect
information that is proprietary pursuant
to 5 U.S.C. 552b(c)(4). The agenda for
the subject meeting shall be as follows:
Wednesday, March 21, 2018–1:00 p.m.
Until 5:00 p.m.
The Subcommittee will discuss the
AREVA Topical Report ANP–10337,
‘‘PWR Fuel Assembly Structural
Response to Externally Applied
Dynamic Excitations.’’ The
Subcommittee will hear presentations
by and hold discussions with the NRC
staff, Framatome staff and other
interested persons regarding this matter.
The Subcommittee will gather
information, analyze relevant issues and
facts, and formulate proposed positions
and actions, as appropriate, for
deliberation by the Full Committee.
Members of the public desiring to
provide oral statements and/or written
comments should notify the Designated
Federal Official (DFO), Michael
Snodderly (Telephone 301–415–2241 or
Email: Michael.Snodderly@nrc.gov) five
days prior to the meeting, if possible, so
that appropriate arrangements can be
made. Thirty-five hard copies of each
presentation or handout should be
provided to the DFO thirty minutes
before the meeting. In addition, one
electronic copy of each presentation
should be emailed to the DFO one day
before the meeting. If an electronic copy
cannot be provided within this
timeframe, presenters should provide
the DFO with a CD containing each
presentation at least thirty minutes
before the meeting. Electronic
recordings will be permitted only
during those portions of the meeting

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that are open to the public. Detailed
procedures for the conduct of and
participation in ACRS meetings were
published in the Federal Register on
October 4, 2017 (82 FR 46312).
Detailed meeting agendas and meeting
transcripts are available on the NRC
website at http://www.nrc.gov/readingrm/doc-collections/acrs. Information
regarding topics to be discussed,
changes to the agenda, whether the
meeting has been canceled or
rescheduled, and the time allotted to
present oral statements can be obtained
from the website cited above or by
contacting the identified DFO.
Moreover, in view of the possibility that
the schedule for ACRS meetings may be
adjusted by the Chairman as necessary
to facilitate the conduct of the meeting,
persons planning to attend should check
with these references if such
rescheduling would result in a major
inconvenience.
If attending this meeting, please enter
through the One White Flint North
building, 11555 Rockville Pike,
Rockville, Maryland. After registering
with Security, please contact Mr.
Theron Brown (Telephone 301–415–
6702 or 301–415–8066) to be escorted to
the meeting room.
Dated: March 6, 2018.
Mark L. Banks,
Chief, Technical Support Branch, Advisory
Committee on Reactor Safeguards.
[FR Doc. 2018–04837 Filed 3–9–18; 8:45 am]
BILLING CODE P

OFFICE OF PERSONNEL
MANAGEMENT
Submission for Review: Life Insurance
Election, Standard Form (SF) 2817
Office of Personnel
Management.
ACTION: 30-Day notice and request for
comments.
AGENCY:

The Federal Employee
Insurance Operations (FEIO), Healthcare
& Insurance, Office of Personnel
Management (OPM) offers the general
public and other Federal agencies the
opportunity to comment on a
reinstatement with change of an expired
information collection, Life Insurance
Election, SF 2817.
DATES: Comments are encouraged and
will be accepted until April 11, 2018.
ADDRESSES: Interested persons are
invited to submit written comments on
the proposed information collection to
the Office of Information and Regulatory
Affairs, Office of Management and
Budget, 725 17th Street NW,
SUMMARY:

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Washington, DC 20503, Attention: Desk
Officer for the Office of Personnel
Management or sent via electronic mail
to oira_submission@omb.eop.gov or
faxed to (202) 395–6974.
FOR FURTHER INFORMATION CONTACT: A
copy of this information collection, with
applicable supporting documentation,
may be obtained by contacting the
Retirement Services Publications Team,
Office of Personnel Management, 1900 E
Street NW, Room 3316–L, Washington,
DC 20415, Attention: Cyrus S. Benson,
or sent via electronic mail to
Cyrus.Benson@opm.gov or faxed to
(202) 606–0910.
SUPPLEMENTARY INFORMATION: As
required by the Paperwork Reduction
Act of 1995 (Pub. L. 104–13, 44 U.S.C.
chapter 35) as amended by the ClingerCohen Act (Pub. L. 104–106), OPM is
soliciting comments for this collection.
The information collection (OMB No.
3206–0230) was previously published in
the Federal Register on May 26, 2017,
at 82 FR 24404, allowing for a 60-day
public comment period. No comments
were received for this collection. The
purpose of this notice is to allow an
additional 30 days for public comments.
The Office of Management and Budget
is particularly interested in comments
that:
1. Evaluate whether the proposed
collection of information is necessary
for the proper performance of the
functions of the agency, including
whether the information will have
practical utility;
2. Evaluate the accuracy of the
agency’s estimate of the burden of the
proposed collection of information,
including the validity of the
methodology and assumptions used;
3. Enhance the quality, utility, and
clarity of the information to be
collected; and
4. Minimize the burden of the
collection of information on those who
are to respond, including through the
use of appropriate automated,
electronic, mechanical, or other
technological collection techniques or
other forms of information technology,
e.g., permitting electronic submissions
of responses.
Standard Form 2817 is used by
federal employees and assignees (those
who have acquired control of an
employee/annuitant’s coverage through
an assignment or ‘‘transfer’’ of the
ownership of the life insurance).
Clearance of this form for use by active
Federal employees is not required
according to Paperwork Reduction Act.
Therefore, only the use of this form by
assignees, i.e. members of the public, is
subject to the Paperwork Reduction Act.

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Federal Register / Vol. 83, No. 48 / Monday, March 12, 2018 / Notices

Analysis
Agency: Federal Employee Insurance
Operations, Healthcare & Insurance,
Office of Personnel Management
Title: Life Insurance Election.
OMB Number: 3206–0230.
Frequency: On occasion.
Affected Public: Individual or
Households.
Number of Respondents: 150.
Estimated Time per Respondent: 15
minutes.
Total Burden Hours: 38 hours.
U.S. Office of Personnel Management.
Kathleen M. McGettigan,
Acting Director.
[FR Doc. 2018–04940 Filed 3–9–18; 8:45 am]
BILLING CODE 6325–38–P

SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736

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Extension:
Rule 17f–2, SEC File No. 270–233, OMB
Control No. 3235–0223

Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 350l et seq.), the Securities
and Exchange Commission (the
‘‘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 17f–2 (17 CFR 270.17f–2),
entitled ‘‘Custody of Investments by
Registered Management Investment
Company,’’ was adopted in 1940 under
section 17(f) of the Investment Company
Act of 1940 (15 U.S.C. 80a-17(f)) (the
‘‘Act’’), and was last amended
materially in 1947. Rule 17f–2
establishes safeguards for arrangements
in which a registered management
investment company (‘‘fund’’) is
deemed to maintain custody of its own
assets, such as when the fund maintains
its assets in a facility that provides
safekeeping but not custodial services.1
The rule includes several recordkeeping
or reporting requirements. The fund’s
1 The rule generally requires all assets to be
deposited in the safekeeping of a ‘‘bank or other
company whose functions and physical facilities
are supervised by Federal or State authority.’’ The
fund’s securities must be physically segregated at
all times from the securities of any other person.

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directors must prepare a resolution
designating not more than five fund
officers or responsible employees who
may have access to the fund’s assets.
The designated access persons (two or
more of whom must act jointly when
handling fund assets) must prepare a
written notation providing certain
information about each deposit or
withdrawal of fund assets, and must
transmit the notation to another officer
or director designated by the directors.
An independent public accountant must
verify the fund’s assets three times each
year, and two of those examinations
must be unscheduled.2
Rule 17f–2’s requirement that
directors designate access persons is
intended to ensure that directors
evaluate the trustworthiness of insiders
who handle fund assets. The
requirements that access persons act
jointly in handling fund assets, prepare
a written notation of each transaction,
and transmit the notation to another
designated person are intended to
reduce the risk of misappropriation of
fund assets by access persons, and to
ensure that adequate records are
prepared, reviewed by a responsible
third person, and available for
examination by the Commission. The
requirement that auditors verify fund
assets without notice twice each year is
intended to provide an additional
deterrent to the misappropriation of
fund assets and to detect any
irregularities.
The Commission staff estimates that
each fund makes 974 responses and
spends an average of 252 hours annually
in complying with the rule’s
requirements.3 Commission staff
estimates that on an annual basis it
takes: (i) 0.5 hours of fund accounting
personnel at a total cost of $102 to draft
director resolutions;4 (ii) 0.5 hours of
the fund’s board of directors at a total
2 The accountant must transmit to the
Commission promptly after each examination a
certificate describing the examination on Form N–
17f–2. The third (scheduled) examination may
coincide with the annual verification required for
every fund by section 30(g) of the Act (15 U.S.C.
80a–29(g)).
3 The 974 responses are: 1 (one) response to draft
and adopt the resolution and 973 notations.
Estimates of the number of hours are based on
conversations with individuals in the fund
industry. The actual number of hours may vary
significantly depending on individual fund assets.
4 This estimate is based on the following
calculation: 0.5 (burden hours per fund) × $204
(senior accountant’s hourly rate) = $102. Unless
otherwise indicated, the hourly wage figures used
herein are from the Securities Industry and
Financial Markets Association’s Management &
Professional Earnings in the Securities Industry
2013, modified by Commission staff to account for
an 1,800-hour work-year and inflation, and
multiplied by 5.35 to account for bonuses, firm size,
employee benefits and overhead.

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cost of $2,233 to adopt the resolution; 5
(iii) 244 hours for the fund’s accounting
personnel at a total cost of $65,745 to
prepare written notations of
transactions; 6 and (iv) 7 hours for the
fund’s accounting personnel at a total
cost of $1,428 to assist the independent
public accountants when they perform
verifications of fund assets.7
Commission staff estimates that
approximately 206 funds file Form N–
17f–2 each year.8 Thus, the total annual
hour burden for rule 17f–2 is estimated
to be 51,912 hours.9 Based on the total
costs per fund listed above, the total
cost of rule 17f–2’s collection of
information requirements is estimated
to be approximately $13.5 million.10
The estimate of average burden hours
is made solely for the purposes of the
Paperwork Reduction Act, and is not
derived from a comprehensive or even
a representative survey or study of the
costs of Commission rules and forms.
Complying with the collections of
information required by rule 17f–2 is
mandatory for those funds that maintain
custody of their own assets. Responses
will not be 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.
Written comments are invited on: (a)
Whether the collection of information is
necessary for the proper performance of
the functions of the Commission,
including whether the information has
practical utility; (b) the accuracy of the
Commission’s estimate of the burden of
the collection of information; (c) ways to
5 The estimate for the cost of board time as a
whole is derived from estimates made by the staff
regarding typical board size and compensation that
is based on information received from fund
representatives and publicly available sources.
6 Respondents estimated that each fund makes
974 responses on an annual basis and spends a total
of 0.25 hours per response. The fund personnel
involved are Accounts Payable Manager ($192
hourly rate), Operations Manager ($345 hourly rate)
and Accounting Manager ($274 hourly rate). The
average hourly rate of these personnel is $270. The
estimated cost of preparing notations is based on
the following calculation: 974 × 0.25 × $270 =
$65,745.
7 This estimate is based on the following
calculation: 7 × $204 (senior accountant’s hourly
rate) = $1,428.
8 On average, each year approximately 206 funds
filed Form N–17f–2 with the Commission during
calendar years 2015–2017.
9 This estimate is based on the following
calculation: 206 (funds) × 252 (total annual hourly
burden per fund) = 51,912 hours for rule. The
annual burden for rule 17f–2 does not include time
spent preparing Form N–17f–2. The burden for
Form N–17f–2 is included in a separate collection
of information.
10 This estimate is based on the following
calculation: $65,745 (total annual cost per fund) ×
206 funds = $13,543,470.

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