Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 30b1-8 and Form N-CR

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<title>Federal Register, Volume 91 Issue 194 (Thursday, October 8, 2026)</title>
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[Federal Register Volume 91, Number 194 (Thursday, October 8, 2026)]
[Notices]
[Pages 64430-64431]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-20670]


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SECURITIES AND EXCHANGE COMMISSION

[OMB Control No. 3235-0705]


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Extension: Rule 30b1-8 and Form N-CR

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 
20549-2736

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (44 U.S.C. Sec.  3501 et seq.), the Securities and Exchange 
Commission (SEC or ``Commission'') is submitting to the Office of 
Management and Budget (OMB) this request for extension of the proposed 
collection of information discussed below.
    A money market fund is required to file Form N-CR if a portfolio 
security defaults, an affiliate provides financial support to the fund, 
or the fund experiences a significant decline in its shadow price.\1\ 
In most cases, a money market fund is required to submit a brief 
summary filing on Form N-CR within one business day of the occurrence 
of the event, and a follow up filing within four business days that 
includes a more complete description and information. Compliance with 
rule 30b1-8 is mandatory for any fund that holds itself out as a money 
market fund in reliance on rule 2a 7. Responses to the disclosure 
requirements will not be kept confidential.
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    \1\ 17 CFR 270.30b1-8.
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    The Commission estimates that it will receive, in the aggregate, an 
average of 1 report per year filed on Form N-CR.\2\ Taking into account 
a blend of legal and financial in-house professionals, as well as the 
additional burdens associated with the amendments,\3\ we estimate that

[[Page 64431]]

a fund will spend, on average, 10.5 burden hours \4\ and time costs of 
approximately $7,104 \5\ for one report. The Commission therefore 
estimates that the total annual burden for Form N-CR reporting will be 
10.5 burden hours and the total annual time cost will be $7,104.\6\
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    \2\ The number of reports per year filed on Form N-CR, based on 
initial and follow-up amendment filings with the Commission in 2023-
2025, was 0, 0, and 2 respectively.
    \3\ We have estimated the time costs for a financial manager to 
be $731 per hour, costs for lawyers to be $744 per hour, and costs 
for a computer programmer to be $416 per hour; to calculate the 
occupational hourly rates the Commission uses occupational mean 
hourly wage data from the Occupational Employment and Wage 
Statistics (OEWS) program of the Bureau of Labor Statistics (BLS) 
for [``Securities, Commodity Contracts, and Other Financial 
Investments and Related Activities'' (NAICS 523)] [the private 
sector]; see Occupational Employment and Wage Statistics, U.S. 
Bureau of Labor Statistics, <a href="https://www.bls.gov/oes/">https://www.bls.gov/oes/</a>; see also 
Standard Occupational Classification, U.S. Bureau of Labor 
Statistics, <a href="https://www.bls.gov/soc/">https://www.bls.gov/soc/</a> (describing occupational 
classification system used by BLS); Exec. Off. of the President, 
Off. of Mgmt. & Budget, North American Industry Classification 
System (2022), available at <a href="https://www.census.gov/naics/reference_files_tools/2022_NAICS_Manual.pdf">https://www.census.gov/naics/reference_files_tools/2022_NAICS_Manual.pdf</a> (describing the industry 
classification system used by BLS and other agencies); the mean 
hourly wage for each occupation is adjusted for changes in the 
seasonally adjusted employment cost index for private wages and 
salaries between the data reference period and when the data are 
released by BLS; see Employment Cost Index, U.S. Bureau of Labor 
Statistics, <a href="https://www.bls.gov/eci/">https://www.bls.gov/eci/</a>; the adjusted mean hourly wage 
is then multiplied by a factor that accounts for nonwage costs borne 
by employers, such as bonuses, benefits, and overhead; this factor 
is calculated as an average over the 10 most recently available 
years of data of the ratio of the Bureau of Economic Analysis's 
annual gross output data for [NAICS 523] [the private sector] to 
total annual wages across all occupations for [NAICS 523] [the 
private sector] in the OEWS data; see Gross Output by Industry, U.S. 
Bureau of Economic Analysis, <a href="https://www.bea.gov/data/industries/gross-output-by-industry">https://www.bea.gov/data/industries/gross-output-by-industry</a>; Occupational Employment and Wage 
Statistics, U.S. Bureau of Labor Statistics, <a href="https://www.bls.gov/oes/">https://www.bls.gov/oes/</a>; the final product is the occupational hourly rate; see 
generally Updated Methodology for Calculating Occupational Hourly 
Rates (Dec. 19, 2025), available at <a href="https://www.sec.gov/files/method-occupational-hourly-rates.pdf">https://www.sec.gov/files/method-occupational-hourly-rates.pdf</a>.
    \4\ When filing a report, the Commission estimates that a fund 
will spend on average approximately 4.5 hours of lawyer time, 4 
hours of financial manager time, and 2 hours of computer programmer 
time to prepare, review and submit a filing.
    \5\ This estimate is based on the following calculations: (4.5 
hours x $744 per hour for a lawyer = $ 3,348) + (4 hours x $731 per 
hour for a financial manager = $2,924) + (2 hours x $416 per hour 
for a computer programmer) = $7,104.
    \6\ This estimate is based on the following calculation: 1 
reports per year x 10.5 burden hours per report = 10.5 burden hours; 
1 reports per year x $ 7,104 time cost per report = $7,104 in time 
costs.
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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 OMB Control Number.
    The public may view and comment on this information collection 
request at: <a href="https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202605-3235-008">https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202605-3235-008</a> or email comment to 
<a href="/cdn-cgi/l/email-protection#80cdc2d8aecfcdc2aecfc9d2c1aed3c5c3dfe4e5f3ebdfefe6e6e9e3e5f2c0efede2aee5eff0aee7eff6"><span class="__cf_email__" data-cfemail="69242b314726242b4726203b28473a2c2a360d0c1a0236060f0f000a0c1b2906040b470c0619470e061f">[email&#160;protected]</span></a> within 30 days of the day 
after publication of this notice, by November 9, 2026.

    Dated: October 6, 2026.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-20670 Filed 10-7-26; 8:45 am]
BILLING CODE 8011-01-P


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