(Volume 16, Number 2) JUNE 1996
Route To: Manager, Muni Department Underwriting Public Finance
Notice of Filing The Board has filed with the Securities and Exchange Commission a proposed change to certain fees relating to the operation of its Official Statement/Advance Refunding Document (OS/ARD) subsystem of the Municipal Securities Information Library[TM](MSIL[TM])system.
Questions about the filing may be directed to Thomas A. Hutton, Director of MSIL.
On May 28, 1996, the Board filed with the Securities and Exchange Commission (Commission) a proposed change to certain fees relating to the operation of its Official Statement/Advance Refunding Document (OS/ARD) subsystem of the Municipal Securities Information Library[TM] (MSIL[TM]) system. The Board is changing from $12,000 to $14,000 (plus postage or delivery charges) the annual subscription fee for daily magnetic tapes of images of official statements and advance refunding documents. In addition, the Board is establishing a price of $9,000 (plus delivery or postage charges) for its 1995 document collection of official statements and refunding documents, sold as a "backlog" collection. These fee changes were effective upon filing with the Commission.
The OS/ARD subsystem, which was activated on April 20, 1992, is a central electronic facility through which information collected and stored pursuant to MSRB rule G-36 is made available electronically and in paper form to market participants and information vendors. Since 1992, the annual subscription fee for daily tapes of images of current year documents from the OS/ARD system has been $12,000. The Board proposes to increase the annual subscription fee to $14,000 because of the rise in the cost of operations since the subscription fee was first instituted.
May 28, 1996
 Municipal Securities Information Library and MSIL are registered trademarks of the Board. The MSIL system, which was approved in Securities Exchange Act Release No. 29298 (June 13, 1991), is a central facility through which information about municipal securities is collected, stored and disseminated.
 File No. SR-MSRB-96-4. Comments submitted to the Commission should refer to this file number.
 Rule G-36 requires underwriters to provide copies of final official statements and advance refunding documents within certain specified time frames for most new issues issued since January 1, 1990.
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