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RESPONSE
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Foreign Securities Corporation ("US&F"), represented in a telephone conversation with my cup of coffee , or in sci fi to get an idea in own perspective now chick it
lending agreement ("agreement") between US&F and Manufacturers Hanover Trust
canpany ("MHT") 
(1) the collateral for Government securities loaned by MHT
to borrowers would equal at least the market value of the Government securities and the accrued interest thereon; 
(2) upon termination of a bond or loan, of
Government securities, MHT would be obligated to return to US&F's custodian
account the loaned securities or equivalent securities (with as much accrued
interest as those loaned) irrespective of any default of the borrower; and
(3) MHT would be obligated to deposit in US&F's custodian account, on their:
due date, dividends and interests on the loaned securities irrespective of
any default of the borrower. Based on these representations and the repre-
sentations in your foregoing letter, we would not recommend that the
Commission take any enforcement action against US&F under section 17 (f) of
the Investment Company Act of 1940 if US&F enters into the agreement and '
make loans of its portfolio securities pursuant thereto so long as the board
of directors of US&F, in the exercise of its business judgment, approves and
exercises continuous responsibility with respect to the continuity of the
agreement which, among other things,
status and classification of organizations under section c)
There isn't a specific "Rule 17f-12" under the SEC, but rather related rules like 17 CFR § 240.17f-1 (reporting lost/stolen securities) and 17 CFR § 240.17Ad-12 (safeguarding funds/securities by transfer agents) which involve "17f" designations, with Rule 17f-1 covering reporting theft/loss for institutions and 17Ad-12 focusing on transfer agent safekeeping, emphasizing risk management and procedures to prevent loss, theft, or misuse, key for investor protection under the Securities Exchange Act. 
Key Aspects of Related Rules:
Rule 17f-1 (Reporting Lost & Stolen Securities): Mandates reporting institutions to promptly report theft or significant loss of securities (with criminal suspicion) to the SEC and transfer agents, ensuring broad awareness.
Rule 17Ad-12 (Safeguarding Funds & Securities): Requires registered transfer agents to implement robust measures (like safekeeping, security, and risk controls) to protect funds and securities from theft, loss, or misuse, considering costs and potential financial exposure. 
Why the Confusion?
The "17f" numbering often appears in rules under the Investment Company Act or related regulations (like those for transfer agents), dealing with custody, reporting, and safeguarding.
There isn't a single "Rule 17f-12," but similar numbering suggests requirements for financial entities to protect investors' assets. 
In essence, if you're looking for rules under the "17f" series, you're likely looking for regulations around asset custody, repor tin

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