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OMB Control No: 3235-0199	ICR Reference No: 201109-3235-006
Status: Historical Active	Previous ICR Reference No: 200809-3235-012
Agency/Subagency: SEC	Agency Tracking No: TM-270-199
Title: Rule 17a-5(c); Customer Financial Statements for Brokers and Dealers.
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: 03/11/2012
	Date Received in OIRA: 12/21/2011
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2015	36 Months From Approved	03/31/2012
Responses	40,005,284	0	220,000,000
Time Burden (Hours)	127,636	0	137,940
Cost Burden (Dollars)	0	0	0

Abstract: Rule 17a-5(c) sets forth requirements for broker-dealers that carry customer accounts to provide financial statements to their customers. The purpose of the Rule is to ensure that customers of broker-dealers are provided with information concerning the financial condition of the firm that may be holding the customers' cash and securities so that the customers can judge whether the broker or dealer is financially sound.

Authorizing Statute(s): US Code: 15 USC 78q Name of Law: Securities Exchange Act of 1934

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 59454	09/26/2011
30-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 75921	12/05/2011
Did the Agency receive public comments on this ICR? No

Number of Information Collection (IC) in this ICR: 4

IC Title	Form No.	Form Name
Rule 17a-5(c) - ICR 1
Rule 17a-5(c): ICR 2
Rule 17a-5(c): ICR 3
Rule 17a-5(c): ICR 4

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	40,005,284	220,000,000	-179,994,716
Annual Time Burden (Hours)	127,636	137,940	-10,304
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: Since the time of the last submission, there has been a decrease in the Commission's estimate of the number of broker-dealers that carry customer accounts, from 275 in 2008 to 244 in 2011, and a decrease in the total number of public customer accounts, from 110 million in 2008 to 101 million in 2011. Further, the Commission previously estimated that 225 broker-dealers took advantage of the exemption of paragraph (c)(5) of Rule 17a-5 and that 55 broker-dealers carrying approximately 22 million customer accounts did not take advantage of the exemption. The Commission now estimates that 195 broker-dealers take advantage of the exemption and that 49 broker-dealers carrying 20 million customer accounts do not take advantage of the exemption. As a result, the overall time burden has decreased from 138,000 hours to 128,000 hours.

Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

Agency Contact: Timothy Fox 202 551-5687

View ICR - OIRA Conclusion