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View ICR - OIRA Conclusion

OMB Control No: 3235-0529	ICR Reference No: 201106-3235-009
Status: Historical Active	Previous ICR Reference No: 200805-3235-009
Agency/Subagency: SEC	Agency Tracking No: IM-270-470
Title: Rule 17f-7 (17 CFR 270.17f-7) under the Investment Company Act of 1940, Custody of Investment Company Assets with A Foreign Securities Depository
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 07/18/2011
	Date Received in OIRA: 06/16/2011
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2014	36 Months From Approved	10/31/2011
Responses	6,748	0	5,856
Time Burden (Hours)	55,728	0	46,893
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	6,748	5,856	892
Annual Time Burden (Hours)	55,728	46,893	8,835
Annual Cost Burden (Dollars)	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The increase in the estimated time burden of rule 17f-7 by 8835 hours results from updated information from industry participants regarding annual hourly burdens per custodian and investment adviser as well as an updated number of investment advisers. Based on information received from the fund industry, the staff has increased its estimate of the total annual hourly burden per custodian from 15,015 to 15,600 hours and per investment adviser from 31,878 to 40,128 hours. The staff anticipates that the number of existing funds that change their global custodians is negligible and, therefore, primarily new funds are required to make a response.

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