August 9, 1989
TO: SEC RULES COMMITTEE NO. 49-89
INVESTMENT ADVISERS COMMITTEE NO. 34-89
RE: CUSTODIAN PERFORMANCE IN FORWARDING PROXY MATERIALS
__________________________________________________________
At a recent meeting with the staff of the Division of
Investment Management concerning proxy voting, members of the
Institute staff expressed members' concerns about their
difficulties in obtaining proxy materials from custodian banks.
The staff had been under the impression that such problems had
been eliminated by the issuance in 1985 of Rule 14b-2 under the
Exchange Act, and asked for further information that could be
passed on to the Division of Corporate Finance.
Attached is a copy of a questionnaire requesting this
information. Please return the completed questionnaire to the
undersigned by Wednesday, September 6. You need not identify
your organization or particular custodians on the questionnaire.
Kathy D. Ireland
Assistant General Counsel
Attachment