94-17102. Rulemaking for EDGAR System and Adoption of Updated Filer Manual; Final Rules and Proposed Rules SECURITIES AND EXCHANGE COMMISSION  

  • [Federal Register Volume 59, Number 135 (Friday, July 15, 1994)]
    [Unknown Section]
    [Page 0]
    From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
    [FR Doc No: 94-17102]
    
    
    [[Page Unknown]]
    
    [Federal Register: July 15, 1994]
    
    
    _______________________________________________________________________
    
    Part II
    
    
    
    
    
    Securities and Exchange Commission
    
    
    
    
    
    _______________________________________________________________________
    
    
    
    17 CFR Part 228, et al.
    
    
    
    
    Rulemaking for EDGAR System and Adoption of Updated Filer Manual; Final 
    Rules and Proposed Rules
    SECURITIES AND EXCHANGE COMMISSION
    
    17 CFR Parts 228, 229, 230 and 259
    
    [Release Nos. 33-7072; 34-34330; 35-26079; IC-20388]
    RIN 3235-AC48
    
     
    Rulemaking for EDGAR System
    
    AGENCY: Securities and Exchange Commission.
    
    ACTION: Final rules.
    
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    SUMMARY: The Securities and Exchange Commission (``Commission'') is 
    announcing the implementation of Financial Data Schedules required to 
    be furnished in connection with certain electronic filings processed by 
    the Divisions of Corporation Finance or Investment Management that are 
    submitted on the Electronic Data Gathering, Analysis, and Retrieval 
    (``EDGAR'') system. Financial Data Schedules will be required 
    commencing on September 1, 1994. The Commission also is adopting 
    technical and clarifying amendments to the Financial Data Schedule 
    rules.
    
    EFFECTIVE DATE: The effective date of the rule changes is September 1, 
    1994. Implementation of Financial Data Schedule requirements will 
    commence with filings made on or after September 1, 1994.
    
    FOR FURTHER INFORMATION CONTACT: For Division of Corporation Finance 
    filings, Barbara C. Jacobs or James R. Budge, Office of Disclosure 
    Policy, at (202) 942-2910, or Sylvia J. Reis, CF EDGAR Policy, at (202) 
    942-2940. For Division of Investment Management filings, Anthony A. 
    Vertuno, EDGAR IM Project, at (202) 942-0591. For filings under the 
    Public Utility Holding Company Act of 1935, David Marsh, Office of 
    Public Utility Regulation, at (202) 942-0558.
    
    SUPPLEMENTARY INFORMATION: The Commission is announcing the 
    implementation of Financial Data Schedule requirements and also 
    adopting revisions to Item 601(c)(1)(ii)1 of Regulations S-B2 
    and S-K,3 and is adding new paragraph (c)(2)(iv)4 thereto. 
    The Commission also is adopting revisions to paragraph (e) of Rule 
    4835 and Form U-13-60.6
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        \1\17 CFR 228.601(c)(1)(ii) and 17 CFR 229.601(c)(1)(ii).
        \2\17 CFR part 228.
        \3\17 CFR part 229.
        \4\17 CFR 228.601(c)(2)(iv) and 17 CFR 229.601(c)(2)(iv).
        \5\17 CFR 230.483(e).
        \6\17 CFR 259.313.
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    I. Implementation of Financial Data Schedules in Connection With 
    Division of Corporation Finance and Division of Investment Management 
    Filings
    
        On February 23, 1993, the Commission adopted interim rules to 
    implement mandated electronic filing on the EDGAR system for 
    registrants whose filings are processed by the Divisions of Corporation 
    Finance and Investment Management and for those making filings with 
    respect to such registrants.7 These rules included provisions 
    requiring electronic filers to furnish Financial Data Schedules. A 
    Financial Data Schedule is an exhibit that will contain financial 
    information extracted or derived from financial data within a filing 
    that is marked (or ``tagged'') to allow electronic manipulation of such 
    information.8
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        \7\Release Nos. 33-6977 (February 23, 1993) (58 FR 14628) 
    (``Corporation Finance Release''); IC-19284 (February 23, 1993) (58 
    FR 14848) (``Investment Company Release''); and 35-25746 (February 
    23, 1993) (58 FR 14999) (``Public Utility Release''), cumulatively 
    referred to as the ``Adopting Releases''.
        \8\For a complete discussion of Financial Data Schedules, see 
    Section IV.D of the Corporation Finance Release. See also Section 
    IV.D of the Investment Company Release and Section IV of the Public 
    Utility Release.
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        While most provisions of the interim rules became effective on 
    April 26, 1993, the Financial Data Schedule provisions initially were 
    to become effective on November 1, 1993, in order to provide additional 
    time for system programming. However, on September 28, 1993, the 
    Commission's Office of Information Technology announced that Financial 
    Data Schedules would not be accepted by the EDGAR system until sometime 
    in the second quarter of 1994.9 The Commission announces today 
    that the EDGAR system's capacity to accept and process Financial Data 
    Schedules has been fully developed and tested. As a result, Financial 
    Data Schedules will be required to be submitted in connection with 
    filings made on or after September 1, 1994.
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        \9\See Release No. 34-32971 (September 28, 1993) (58 FR 51659).
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        As discussed more fully in the Adopting Releases, Financial Data 
    Schedules are required to be submitted with electronic filings under 
    the Securities Act of 1933 (``Securities Act'')10 and the 
    Securities Exchange Act of 1934 (``Exchange Act'')11 that contain 
    updated financial information (other than through incorporation by 
    reference) and with designated filings under the Investment Company Act 
    of 194012 and the Public Utility Holding Company Act of 1935 
    (``1935 Act'').13 Advance copies of the EDGAR Filer Manual and 
    EDGARLink version 3.5, which support construction of Financial Data 
    Schedules, were made available to the public in April 1994; minor 
    modifications will be made available prior to the mandated 
    implementation date. This distribution scheme was chosen to allow 
    mandated electronic filers ample time to commence test filings in 
    advance of the September 1994 implementation date.14
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        \1\015 U.S.C. 77a et seq.
        \1\115 U.S.C. 78a et seq.
        \1\215 U.S.C. 80a-1 et seq.
        \1\315 U.S.C. 79a et seq.
        \1\4The Commission is adopting the EDGAR Filer Manual for 
    EDGARLink version 3.5 concurrently with this release; the updated 
    Filer Manual also has an effective date of September 1, 1994. See 
    Release No. 33-7073 (July 8, 1994).
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        After Financial Data Schedule requirements are implemented, an 
    electronic filer's failure to furnish a schedule will not prevent 
    acceptance of the filing for which the schedule is required. However, 
    inasmuch as the schedule may be used by the Commission staff, 
    processing of the filing may be delayed pending filing of the schedule. 
    Further, electronic filers that have not filed a required Financial 
    Data Schedule will be ineligible to use Form S-2,15 Form S-
    3,16 and Form S-8.17 If a filing is made without a required 
    Financial Data Schedule, or if a schedule is submitted with errors and 
    is therefore identified by EDGAR as a ``flawed'' exhibit, the filer 
    must remedy the omission or flawed schedule by submitting a correctly 
    compiled schedule as an amendment to the original filing.18
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        \1\517 CFR 239.12.
        \1\617 CFR 239.13.
        \1\717 CFR 239.16b. In addition, accelerated effectiveness will 
    not be available for registration statements that do not contain 
    required Financial Data Schedules.
        \1\8If the amendment is solely for the purpose of adding or 
    revising this exhibit, the filing may consist of the cover page, 
    signature page, exhibit index, and the new or revised exhibit. The 
    rest of the filing need not be resubmitted.
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    II. Clarifying Amendments and Other Matters Involving Division of 
    Corporation Finance Filings
    
    A. Rule Changes
    
        In the Adopting Releases, the Commission solicited comments or 
    suggestions from interested parties relating to the Financial Data 
    Schedule requirements. In response, the Commission received three 
    comment letters.19 Filers generally have reacted favorably to the 
    changes made to the proposed Financial Data Schedule requirements now 
    embodied in the adopted rules. However, in response to questions from 
    filers, the Commission is adopting technical and clarifying amendments 
    to Item 601(c) of Regulations S-B and S-K20 to provide registrants 
    with a clearer understanding of the filing requirements relating to 
    Financial Data Schedules.
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        \1\9These letters are available for inspection in the 
    Commission's public reference room, File No. S7-6-93.
        \2\017 CFR 228.601(c) and 17 CFR 229.601(c). For purposes of 
    this release, any references to Item 601 of Relation S-K also 
    pertain to Item 601(c) of Regulation S-B.
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        Because the amendments adopted today are merely technical 
    corrections to clarify existing requirements and relate generally to 
    agency procedure or practice, proposal for comment is not required 
    under the Administrative Procedure Act.21 Further, the Commission 
    finds good cause under section 553(b) of that Act for not publishing 
    the amendments for comment because such publication is unnecessary. The 
    rules being amended were adopted after notice and opportunity for 
    public comment, and no substantive obligations will change as a result 
    of the amendments. The changes are responsive to filer concerns raised 
    with the staff relating to ambiguity in the current language of the 
    rules. Since no public comment is required, it follows that this 
    rulemaking is not subject to the requirements of the Regulatory 
    Flexibility Act.22
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        \2\15 U.S.C. 553(b).
        \2\25 U.S.C. 603, 604.
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    1. Periods Covered in Financial Data Schedule
        As adopted, Item 601(c) states that subsequent to becoming subject 
    to mandated electronic filing, any electronic filing that includes 
    financial statements of the registrant:
    
        For a recent fiscal year or interim year to date period, or 
    both, for which financial statements have not previously been filed, 
    otherwise than by incorporation by reference, shall include as an 
    exhibit a Financial Data Schedule containing information for the 
    updating period or periods (emphasis added).23
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        \2\3Item 601(c)(1)(ii) of Regulations S-B and S-K.
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        Some filers have expressed uncertainty about the meaning of the 
    term ``updating period'' as it relates to income statements included in 
    quarterly reports on Form 10-Q, asking if the schedule should include 
    information only for the period of the report, that is, one quarter's 
    information, or if cumulative year to date information should be 
    included, or both.24 In the Corporation Finance Release, the 
    Commission explained that information would be required for the interim 
    year to date period (e.g., nine months in the third quarter Form 10-
    Q).25 Accordingly, the Commission is amending the language of Item 
    601(c) to clearly state that information is required for the most 
    recent annual or interim year to date periods (or both if included in a 
    registration statement to which the schedule relates).26
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        \2\4A summary of staff telephone conversations on this point is 
    available for inspection in the Commission's public reference room, 
    File No. S7-6-93.
        \2\5See Section IV.D.3 of the Corporation Finance Release.
        \2\6A Financial Data Schedule furnished with a Securities Act 
    registration statement that includes financial information for both 
    annual and interim periods would include two columns of data--one 
    column for the annual period, and another for the interim period.
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    2. Representing Immaterial or Inapplicable Values
        Filers must furnish a value corresponding to each line item 
    required in the various schedules.27 One commenter suggested that 
    a ``N/A'' (not applicable) designation be allowed in response to a 
    Financial Data Schedule line item where corresponding information was 
    omitted from the underlying financial statements because it was 
    immaterial or inapplicable, as permitted by Regulation S-X.28 
    Because of system design considerations, an ``N/A'' designation is not 
    feasible. However, in order to address the issue, the Commission is 
    amending Item 601(c) to provide specifically that if an item is 
    inappropriate or immaterial in the underlying financial statements, a 
    filer must place a ``0'' (zero) next to the appropriate tag in the 
    Financial Data Schedule. This will inform the EDGAR system that the 
    data entry cannot be used for ratio calculations or other arithmetic 
    functions.
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        \2\7If a consolidated totals schedule (Schedule CT) is used with 
    two or more partial schedules applicable to disparate industry 
    segments of a single conglomerate corporation, a value is required 
    for each item in the Schedule CT itself. Tags and values for 
    inapplicable or immaterial items in the associated schedules are not 
    required to be included; if, however, tags for such items are 
    included, a value ``0'' (zero) is required.
        \2\817 CFR part 210.
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    3. No Schedule Required With Form 11-K
        Financial Data Schedules were never intended to be required in 
    connection with reports on Form 11-K, the annual report for employee 
    stock purchase, savings and similar plans,29 and consequently, no 
    affirmative obligation to submit a Schedule was adopted in Regulation 
    S-K, Regulation S-B or the Form itself. In order to make that policy 
    clear, a note has been added to Regulation S-K and S-B exempting 
    filings on Form 11-K from Financial Data Schedule requirements.30
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        \2\917 CFR 249.311.
        \3\0See new note to paragraph (c)(1)(ii) of Item 601 of 
    Regulation S-B and Regulation S-K.
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    B. Other Matters
    
    1. Schedule To Be Filed by Public Utility Companies and Public Utility 
    Holding Companies in Connection With Filings Processed by the Division 
    of Corporation Finance
        The adopted rules provide that public utility companies and public 
    utility holding companies (jointly referred to as ``public utilities'') 
    must use Schedule UT31 in preparing their Financial Data Schedules 
    submitted in connection with Division of Corporation Finance 
    filings.32 One commenter stated that it was unclear when a company 
    is considered a ``public utility company'' under the Financial Data 
    Schedule rules. The term ``public utility company'' is defined in the 
    1935 Act as ``an electric utility company or a gas utility company,'' 
    as those terms are defined in that Act.33 This definition was 
    intended to apply to the provisions in question.
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        \3\1Appendix E to Item 601(c). Schedule UT follows the same 
    format for the Financial Data Schedule (OPUR1) required in 
    connection with annual reports filed under the 1935 Act.
        \3\2These rules are found at 17 CFR 228.601(c)(3)(v) and 17 CFR 
    229.601(c)(3)(v).
        \3\3See 1935 Act sections 2(a)(3) and 2(a)(4) for definitions of 
    ``electric utility company'' and ``gas utility company'' (15 U.S.C. 
    79b (a)(3) and (a)(4)).
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        The commenter also requested clarification as to whether an option 
    would be available to a public utility company to choose between 
    Schedule UT or the Schedule based on Article 5 of Regulation S-
    X.34 Generally, public utilities will be required to use Schedule 
    UT in connection with their filings under the Securities Act or the 
    Exchange Act. However, as is true with the presentation of other forms 
    of financial information, in unusual circumstances where a public 
    utility's financial statements simply would be better reflected by the 
    use of a Financial Data Schedule other than Schedule UT, appropriate 
    relief may be granted upon consultation with the staff of the Division 
    of Corporation Finance.
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        \3\4Appendix A to Item 601(c). Article 5 of Regulation S-X is 
    found at 17 CFR 210.5-01 through 210.5-04.
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    2. Interpretation of Items Required by Financial Data Schedules
        One commenter expressed concerns that the Financial Data Schedule 
    captions are not sufficiently specific to encompass all financial 
    statement reporting components. System constraints necessarily limit 
    the different types of Financial Data Schedule items to a feasible 
    number of generic categories, with each item requiring a response. 
    Although there is an infinite number of possible financial statement 
    reporting variations, the schedule items can capture only broadly 
    defined and frequently occurring account types. Consequently, the 
    flexibility of presentation generally available to registrants in their 
    financial statements is restricted in the context of Financial Data 
    Schedules; filers will not be allowed to customize line items in the 
    schedules by creating new tags or line items.35 Filers must 
    consider the information in underlying financial statements and 
    determine the best fit into the line items on the schedule. Financial 
    Data Schedule line items are not provided for unusual or infrequently 
    occurring account types. Data relating to such items, however, will be 
    reflected in relevant totals included in the Financial Data Schedule.
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        \3\5EDGARLink version 3.5 includes a facility to aid filers in 
    the construction of Financial Data Schedules. Filers will be 
    prompted to insert figures following fixed tag names that correspond 
    to the various schedule items.
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    III. Matters Applicable to Investment Management Filers
    
    A. Technical Revisions to Rule 483(e)
    
        The Commission is amending Rule 483(e) to correct a typographical 
    error in the Investment Company Release and to conform the Financial 
    Data Schedule items to revised form requirements adopted by the 
    Commission and changes in the requirements for preparation of financial 
    statements under generally accepted accounting principles. In addition, 
    the Commission is amending Rule 483(e) to provide specifically that, if 
    an item is inappropriate or immaterial in the underlying financial 
    statements, a filer must place a ``0'' (zero) next to the appropriate 
    tag in the Financial Data Schedule.36
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        \3\6See new paragraph (e)(3)(iii) of Rule 483. See also supra 
    Section II.A.2 of this Release.
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    B. Technical Revisions to Form U-13-60
    
        The Commission is amending Form U-13-60 to correct a typographical 
    error in the Public Utility Release.
    
    IV. Statutory Basis
    
        The amendments to Item 601(c) of Regulations S-B and S-K are 
    promulgated pursuant to Securities Act sections 6, 7, 8, 10 and 19 and 
    Schedule A; Exchange Act sections 3, 9, 10, 12, 13, 14, 15, 23 and 35A; 
    1935 Act section 20 and Investment Company Act of 1940 sections 8, 30, 
    31 and 38. The amendments to Rule 483(e) under the Securities Act are 
    adopted under: Securities Act sections 2, 6, 7, 8, 10 and 19(a); 
    Exchange Act sections 3, 12, 13, 14, 15, 23 and 35A; and Investment 
    Company Act sections 8, 30, 31 and 38. The amendments to 1935 Act Form 
    U-13-60 are being adopted under sections 5, 6, 7, 10, 12, 13, 14, 17, 
    and 20 of the 1935 Act.
    
    List of Subjects in 17 CFR Parts 228, 229, 230 and 259
    
        Holding companies; Investment Companies; Reporting and 
    recordkeeping requirements; Securities.
    
    Text of the Amendments
    
        For the reasons set forth above, title 17, chapter II of the Code 
    of Federal Regulations is amended as follows:
    
    PART 228--INTEGRATED DISCLOSURE SYSTEM FOR SMALL BUSINESS ISSUERS
    
        1. The authority citation for part 228 continues to read as 
    follows:
    
        Authority: 15 U.S.C. 77e, 77f, 77g, 77h, 77j, 77k, 77s, 
    77aa(25), 77aa(26), 77ddd, 77eee, 77ggg, 77hhh, 77jjj, 77nnn, 77sss, 
    78l, 78m, 78n, 78o, 78w, 78ll, 80a-8, 80a-29, 80a-30, 80a-37, 80b-
    11, unless otherwise noted.
    
        2. In Sec. 228.601, by revising paragraph (c)(1)(ii) and by adding 
    paragraph (c)(2)(iv) to read as follows:
    
    
    Sec. 228.601  (Item 601) Exhibits.
    
    * * * * *
        (c) Financial Data Schedule.--(1) General. (i) * * *
        (ii) Any electronic filing that includes financial statements of 
    the registrant for a recent fiscal year or interim year to date period, 
    or both, for which financial statements have not previously been filed, 
    otherwise than by incorporation by reference, shall include as an 
    exhibit a Financial Data Schedule containing financial information for 
    such fiscal year or interim year to date periods, or both.
    
        Note: Financial Data Schedules are not required in connection 
    with annual reports on Form 11-K (Sec. 249.311 of this chapter), for 
    employee stock purchase, savings and similar plans.
    * * * * *
        (2) Format and presentation of Financial Data Schedule. * * *
        (iv) Except as otherwise provided in the EDGAR Filer Manual, a 
    response is required for each item called for in the schedule. If 
    information required by the applicable schedule is not included in the 
    underlying financial data because it is either immaterial or 
    inapplicable to the registrant, the registrant shall use the value 
    ``0'' (zero) in response to that item.
    * * * * *
    
    PART 229--STANDARD INSTRUCTIONS FOR FILING FORMS UNDER THE 
    SECURITIES ACT OF 1933, SECURITIES EXCHANGE ACT OF 1934 AND ENERGY 
    POLICY AND CONSERVATION ACT OF 1975--REGULATION S-K
    
        3. The authority citation for part 229 continues to read in part as 
    follows:
    
        Authority: 15 U.S.C. 77e, 77f, 77g, 77h, 77j, 77k, 77s, 
    77aa(25), 77aa(26), 77ddd, 77eee, 77ggg, 77hhh, 77iii, 77jjj, 77nnn, 
    77sss, 78c, 78i, 78j, 78l, 78m, 78n, 78o, 78w, 78ll(d), 79e, 79n, 
    79t, 80a-8, 80a-29, 80a-30, 80a-37, 80b-11, unless otherwise noted.
    * * * * *
        4. In Sec. 229.601, by revising paragraphs (c)(1)(ii) and by adding 
    paragraph (c)(2)(iv) to read as follows:
    
    
    Sec. 229.601  (Item 601) Exhibits.
    
    * * * * *
        (c) Financial Data Schedule-- (1) General. (i) * * *
        (ii) Any electronic filing that includes financial statements of 
    the registrant for a recent fiscal year or interim year to date period, 
    or both, for which financial statements have not previously been filed, 
    otherwise than by incorporation by reference, shall include as an 
    exhibit a Financial Data Schedule containing financial information for 
    such fiscal year or interim year to date periods, or both.
    
        Note: Financial Data Schedules are not required in connection 
    with annual reports on Form 11-K (Sec. 249.311 of this chapter), for 
    employee stock purchase, savings and similar plans.
    * * * * *
        (2) Format and presentation of Financial Data Schedule. * * *
        (iv) Except as otherwise provided in the EDGAR Filer Manual, a 
    response is required for each item called for in the schedule. If 
    information required by the applicable schedule is not included in the 
    underlying financial data because it is either immaterial or 
    inapplicable to the registrant, the registrant shall use the value 
    ``0'' (zero) in response to that item.
    * * * * *
    
    PART 230--GENERAL RULES AND REGULATIONS, SECURITIES ACT OF 1933
    
        5. The authority citation for part 230 continues to read as 
    follows:
    
        Authority: 15 U.S.C. 77b, 77f, 77g, 77h, 77j, 77s, 77sss, 78c, 
    78l, 78m, 78n, 78o, 78w, 78ll(d), 79t, 80a-8, 80a-29, 80a-30, and 
    80a-37, unless otherwise noted.
    
        6. In Sec. 230.483, by adding paragraph (e)(3)(iii) and by revising 
    paragraph (e)(4) to read as follows:
    
    
    Sec. 230.483  Exhibits for certain registration statements, financial 
    data schedule.
    
    * * * * *
        (e) Financial data schedule. * * *
        (3) Format and Presentation of Schedule. * * *
        (iii) Except as otherwise provided in the EDGAR Filer Manual, a 
    response is required for each item called for in the schedule. If 
    information required by the applicable schedule is not included in the 
    underlying financial data because it is either immaterial or 
    inapplicable to the registrant, the registrant shall use the value 
    ``0'' (zero) in response to that item.
    * * * * *
        (4) Contents of Financial Data Schedule. The Schedule shall set 
    forth the financial information and other data specified below that are 
    applicable to the registrant. 
    
                                              Article 6 of Regulation S-X                                           
    ----------------------------------------------------------------------------------------------------------------
                 Item No.                                             Item description                              
    ----------------------------------------------------------------------------------------------------------------
    6-03-..............................  Investments--cost.                                                         
    6-04-4.............................  Investments.                                                               
    6-04-6.............................  Receivables.                                                               
    6-04-8.............................  Other assets.                                                              
                                         Balancing amount to total assets.                                          
    6-04-9.............................  Total assets.                                                              
    6-04-..............................  Accounts payable for securities.                                           
    6-04-13............................  Senior long-term debt.                                                     
                                         Balancing amount to total liabilities.                                     
    6-04-14............................  Total liabilities.                                                         
    6-04-16............................  Senior equity securities.                                                  
    6-04-16............................  Paid-in-capital--common shareholders.                                      
    6-04-16............................  Number of shares or units--current period.                                 
    6-04-16............................  Number of shares or units--prior period.                                   
    6-04-17(a).........................  Accumulated undistributed net investment income (current year).            
                                         Overdistribution of net investment income.                                 
    6-04-17(b).........................  Accumulated undistributed net realized gains (losses).                     
                                         Overdistribution of realized gains.                                        
    6-04-17(c).........................  Accumulated net unrealized appreciation (depreciation).                    
    6-04-19............................  Net assets.                                                                
    6-07-1(a)..........................  Dividend income.                                                           
    6-07-1(b)..........................  Interest income.                                                           
    6-07-1(c)..........................  Other income.                                                              
    6-07-2.............................  Expenses--net.                                                             
    6-07-6.............................  Net investment income (loss).                                              
    6-07-7(a)..........................  Realized gains (losses) on investments.                                    
    6-07-7(d)..........................  Net increase (decrease) in appreciation (depreciation).                    
    6-07-9.............................  Net increase (decrease) in net assets resulting from operations.           
    6-09-2.............................  Net equalization charges and credits.                                      
    6-09-3(a)..........................  Distributions from net investment income.                                  
    6-09-3(b)..........................  Distributions from realized gains.                                         
    6-09-3(c)..........................  Distributions from other sources.                                          
    6-09-4(b)..........................  Number of shares sold.                                                     
    6-09-4(b)..........................  Number of shares redeemed.                                                 
    6-09-4(b)..........................  Number of shares issued--reinvestment.                                     
    6-09-5.............................  Total increase (decrease).                                                 
    6-09-7.............................  Accumulated undistributed net investment income (prior year).              
    6-04-17(b).........................  Accumulated undistributed net realized gains (prior year).                 
                                         Overdistribution of net investment income (prior year).                    
                                         Overdistribution of net realized gains (prior year).                       
                                                                                                                    
    ----------------------------------------------------------------------------------------------------------------
                                                       Form N-SAR                                                   
                                                                                                                    
    ----------------------------------------------------------------------------------------------------------------
    72F................................  Gross advisory fees.                                                       
    72P................................  Interest Expense.                                                          
    72X................................  Total expenses (gross).                                                    
    75.................................  Average net assets.                                                        
                                                                                                                    
    ----------------------------------------------------------------------------------------------------------------
                                                        Form N-1A                                                   
                                                                                                                    
    ----------------------------------------------------------------------------------------------------------------
    3(a)...............................  Net asset value per share--beginning of period.                            
    3(a)...............................  Net investment income (loss) per share.                                    
    3(a)...............................  Net realized and unrealized gain (loss) per share.                         
    3(a)...............................  Dividends per share from net investment income.                            
    3(a)...............................  Distributions per share from realized gains.                               
    3(a)...............................  Per share returns of capital and distributions from other sources.         
    3(a)...............................  Net asset value per share--end of period.                                  
    3(a)...............................  Ratio of expenses to average net assets.                                   
    3(b)...............................  Average debt outstanding during period.                                    
    3(b)...............................  Average debt outstanding per share.                                        
    ----------------------------------------------------------------------------------------------------------------
    
    PART 259--FORMS PRESCRIBED UNDER THE PUBLIC UTILITY HOLDING COMPANY 
    ACT OF 1935
    
        7. The authority citation for part 259 continues to read as 
    follows:
    
        Authority: 15 U.S.C 79e, 79f, 79g, 79j, 79l, 79m, 79n, 79q, 79t.
    
        Note: The text of the following form and the amendment will not 
    appear in the Code of Federal Regulations.
    
        8. In Form U-13-60 (referenced in Sec. 259.313), by revising the 
    Item numbers and caption headings in Schedule XIX to read as follows:
    
        Instructions and Form--Form U-13-60 Annual Report for Mutual and    
                          Subsidiary Service Companies                      
    ------------------------------------------------------------------------
           Item No.                          Caption heading                
    ------------------------------------------------------------------------
                                                                            
                                  * * * * * * *                             
          Schedule XIX                   Financial data schedule            
                                                                            
    ------------------------------------------------------------------------
                                                                            
                                  * * * * * * *                             
    1......................  Net Service Company Property.                  
    2......................  Total Investments.                             
    3......................  Total Current and Accrued Assets.              
    4......................  Total Deferred Debits.                         
    5......................  Balancing Amount For Total Assets and Other    
                              Debits.                                       
    6......................  Total Assets and Other Debits.                 
    7......................  Total Proprietary Capital.                     
    8......................  Total Long-Term Debt.                          
    9......................  Notes Payable.                                 
    10.....................  Notes Payable to Associate Companies.          
    11.....................  Balancing Amount For Total Current and Accrued 
                              Liabilities.                                  
    12.....................  Total Deferred Credits.                        
    13.....................  Accumulated Deferred Income Taxes.             
    14.....................  Total Liabilities and Proprietary Capital.     
    15.....................  Services Rendered to Associate Companies.      
    16.....................  Services Rendered to Nonassociate Companies.   
    17.....................  Miscellaneous Income or Loss.                  
    18.....................  Total Income.                                  
    19.....................  Salaries and Wages                             
    20.....................  Employee Pensions and Benefits.                
    21.....................  Balancing Amount For Total Expenses.           
    22.....................  Total Expenses.                                
    23.....................  Net Income (Loss).                             
    24.....................  Total Expenses (Direct Costs).                 
    25.....................  Total Expenses (Indirect Costs).               
    26.....................  Total Expenses (Total).                        
    27.....................  Number Of Personnel End Of Year.               
                                                                            
                                  * * * * * * *                             
    ------------------------------------------------------------------------
    
        Dated: July 8, 1994.
    
        By the Commission.
    Margaret H. McFarland,
    Deputy Secretary.
    [FR Doc. 94-17102 Filed 7-14-94; 8:45 am]
    BILLING CODE 8010-01-P
    
    
    

Document Information

Effective Date:
9/1/1994
Published:
07/15/1994
Entry Type:
Uncategorized Document
Action:
Final rules.
Document Number:
94-17102
Dates:
The effective date of the rule changes is September 1, 1994. Implementation of Financial Data Schedule requirements will commence with filings made on or after September 1, 1994.
Pages:
0-0 (1 pages)
Docket Numbers:
Federal Register: July 15, 1994
CFR: (3)
17 CFR 228.601
17 CFR 229.601
17 CFR 230.483