SEC Info - American Balanced Fund - ‘NSAR-B’ for 12/31/97

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American Balanced Fund – ‘NSAR-B’ for 12/31/97

As of: Friday, 2/20/98 · For: 12/31/97 · Accession #: 4568-98-2 · File #: 811-00066

  As Of               Filer                 Filing    For·On·As Docs:Size

 2/20/98  American Balanced Fund Inc.       NSAR-B     12/31/97    5:28K

Annual Report by an Investment Company — Form N-SAR — ICA’40
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: NSAR-B      N-SAR (3.0)                                           14     58K 
 2: EX-99       Miscellaneous Exhibit                                  1      6K 
 3: EX-99       Miscellaneous Exhibit                                  1      6K 
 4: EX-99       Miscellaneous Exhibit                                  3±    12K 
 5: EX-27       Financial Data Schedule                                2±     7K

‘NSAR-B’ — N-SAR (3.0)

SEC Info℠ rendering: Data from the Answer File, which may only contain updates to a prior Form N-SAR

Form N-SAR

Annual Report by an Open-End Investment Company

Report
Registrant: American Balanced Fund, Inc. — List all N-SARs

Annual Report for the 2nd-half period ended at fiscal year end: 12/31/97

Were there any Answer File errors in the Filing? None FoundNone Found by SEC InfoNot Checked by the FilerOne or more Found by SEC Info
Was the Answer File completed by the Registrant? Yes

Is this an Amendment to a previous Report? No
Is this a change to a previous Report? No
Registrant
1. SEC CIK: 4568
SEC File #: 811-00066

Telephone #: 415-421-9360
2. Address: One Market, Steuart Tower
San Francisco, CA 94105
3. Is this the first Form N-SAR filed by the Registrant? No
4. Is this the final Form N-SAR filed by the Registrant? No
Funds/Series ↑Top of Form N-SAR
7. Is the Registrant a Funds/Series (multiple portfolios) company? No
Investment Adviser
8.1 Name: Capital Research & Management Co.
Role: Adviser
SEC File #: 801-08055
Location: Los Angeles, CA
Principal Underwriter
11.1 Name: American Funds Distributors, Inc.
SEC File #: 008-17168
Location: Los Angeles, CA
Shareholder Servicing/Transfer Agent
12.1 Name: American Funds Service Co.
SEC File #: 084-00316
Location: Brea, CA
Independent Public Accountant
13.1 Name: Deloitte & Touche LLP
Location: Los Angeles, CA
Custodian
15.1 Name: Chase Manhattan Bank
Role: Custodian
Location: New York, NY

Type of custody: Section 17(f)(1) — Bank
15.2 Name: Cedel S.A.
Role: Sub-Custodian
Location: Luxembourg
Luxembourg

Type of custody: Rule 17f-5 — Foreign Custodian
15.3 Name: Generale Bank
Role: Sub-Custodian
Location: Bruxelles
Belgium

Type of custody: Rule 17f-5 — Foreign Custodian
15.4 Name: Royal Bank of Canada
Role: Sub-Custodian
Location: Toronto
Canada

Type of custody: Rule 17f-5 — Foreign Custodian
15.5 Name: Canada Trustco Mortgage Co.
Role: Sub-Custodian
Location: Toronto
Canada

Type of custody: Rule 17f-5 — Foreign Custodian
15.6 Name: Den Danske Bank
Role: Sub-Custodian
Location: Copenhagen
Denmark

Type of custody: Rule 17f-5 — Foreign Custodian
15.7 Name: Crest
Role: Sub-Custodian
Location: London
United Kingdom

Type of custody: Rule 17f-5 — Foreign Custodian
15.8 Name: Banque Paribas
Role: Sub-Custodian
Location: Paris
France

Type of custody: Rule 17f-5 — Foreign Custodian
15.9 Name: Crest
Role: Sub-Custodian
Location: Dublin
Ireland

Type of custody: Rule 17f-5 — Foreign Custodian
15.10 Name: Bank of Ireland
Role: Sub-Custodian
Location: Dublin
Ireland

Type of custody: Rule 17f-5 — Foreign Custodian
15.11 Name: The Fuji Bank Ltd.
Role: Sub-Custodian
Location: Tokyo
Japan

Type of custody: Rule 17f-5 — Foreign Custodian
15.12 Name: Jasdec
Role: Sub-Custodian
Location: Tokyo
Japan

Type of custody: Rule 17f-5 — Foreign Custodian
15.13 Name: Abn-Amro Bank, N.V.
Role: Sub-Custodian
Location: De Breda
Netherlands

Type of custody: Rule 17f-5 — Foreign Custodian
15.14 Name: National Nominees
Role: Sub-Custodian
Location: Auckland
New Zealand

Type of custody: Rule 17f-5 — Foreign Custodian
15.15 Name: Den Norske Bank
Role: Sub-Custodian
Location: Oslo
Norway

Type of custody: Rule 17f-5 — Foreign Custodian
15.16 Name: Dresdner Bank
Role: Sub-Custodian
Location: Frankfurt/Main
Germany

Type of custody: Rule 17f-5 — Foreign Custodian
15.17 Name: Skandinaviska Enskilda Banken
Role: Sub-Custodian
Location: Stockholm
Sweden

Type of custody: Rule 17f-5 — Foreign Custodian
15.18 Name: Union Bank of Switzerland
Role: Sub-Custodian
Location: Zurich
Switzerland

Type of custody: Rule 17f-5 — Foreign Custodian
15.19 Name: Rits
Role: Sub-Custodian
Location: Sydney
Australia

Type of custody: Rule 17f-5 — Foreign Custodian
15.20 Name: Austraclear Ltd.
Role: Sub-Custodian
Location: Sydney
Australia

Type of custody: Rule 17f-5 — Foreign Custodian
15.21 Name: CIK
Role: Sub-Custodian
Location: Brussels
Belgium

Type of custody: Rule 17f-5 — Foreign Custodian
15.22 Name: CDS
Role: Sub-Custodian
Location: Toronto
Canada

Type of custody: Rule 17f-5 — Foreign Custodian
15.23 Name: VP Center
Role: Sub-Custodian
Location: Taastrup
Denmark

Type of custody: Rule 17f-5 — Foreign Custodian
15.24 Name: Pankkitarkastus Virasto
Role: Sub-Custodian
Location: Helsinki
Finland

Type of custody: Rule 17f-5 — Foreign Custodian
15.25 Name: Sicovam
Role: Sub-Custodian
Location: Noisy Le Grand Cedex
France

Type of custody: Rule 17f-5 — Foreign Custodian
15.26 Name: Deutcher Kassenverein AG
Role: Sub-Custodian
Location: Frankfurt
Germany

Type of custody: Rule 17f-5 — Foreign Custodian
15.27 Name: Hong Kong Securities Clearing Co. Ltd.
Role: Sub-Custodian
Location: Hong Kong
Hong Kong

Type of custody: Rule 17f-5 — Foreign Custodian
15.28 Name: Monte Titoli
Role: Sub-Custodian
Location: Milano
Italy

Type of custody: Rule 17f-5 — Foreign Custodian
15.29 Name: Indeval
Role: Sub-Custodian
Location: Colonia
Mexico

Type of custody: Rule 17f-5 — Foreign Custodian
15.30 Name: Necigef
Role: Sub-Custodian
Location: Amsterdam
Netherlands

Type of custody: Rule 17f-5 — Foreign Custodian
15.31 Name: VPS
Role: Sub-Custodian
Location: Oslo
Norway

Type of custody: Rule 17f-5 — Foreign Custodian
15.32 Name: VPC
Role: Sub-Custodian
Location: Solna
Sweden

Type of custody: Rule 17f-5 — Foreign Custodian
15.33 Name: Sega
Role: Sub-Custodian
Location: Olten
Switzerland

Type of custody: Rule 17f-5 — Foreign Custodian
15.34 Name: Merita Bank Ltd.
Role: Sub-Custodian
Location: Helsinki
Finland

Type of custody: Rule 17f-5 — Foreign Custodian
15.35 Name: Chase Manhattan Bank Mexico, S.A.
Role: Sub-Custodian
Location: Mexico City
Mexico

Type of custody: Rule 17f-5 — Foreign Custodian
15.36 Name: Austraclear New Zealand
Role: Sub-Custodian
Location: Auckland
New Zealand

Type of custody: Rule 17f-5 — Foreign Custodian
15.37 Name: Banque Paribas
Role: Sub-Custodian
Location: Milano
Italy

Type of custody: Rule 17f-5 — Foreign Custodian
18. Does the Registrant’s/Series’ Custodian(s) maintain some or all of the
Registrant’s/Series’ securities in a central depository or book-entry
system pursuant to Rule 17f-4? Yes
Family of Investment Companies
19. Is the Registrant/Series part of a “family” of investment companies? Yes

Total number of registered management investment companies, Series
and portfolios (excluding any Unit Investment Trusts) in the family: 39

The Identification Code of the family for Form N-SAR Filings: CRMCFNDGRP
Brokerage Commissions Paid on Portfolio Transactions
20. The brokers who received the largest amount of gross brokerage
commissions during the period:
20.1 Broker: Morgan Stanley & Co. Inc.
IRS #: 13-2655998
Commissions paid ($000s): 170
20.2 Broker: Smith Barney
IRS #: 13-1912900
Commissions paid ($000s): 148
20.3 Broker: UBS Securities LCC
IRS #: 13-3873456
Commissions paid ($000s): 148
20.4 Broker: Edwards (A.G.) & Sons, Inc.
IRS #: 43-0895447
Commissions paid ($000s): 147
20.5 Broker: Merrill Lynch, Pierce, Fenner & Smith Inc.
IRS #: 13-5674085
Commissions paid ($000s): 136
20.6 Broker: Jones (Edward D.) & Co.
IRS #: 43-0345811
Commissions paid ($000s): 113
20.7 Broker: National Financial Services Corp.
IRS #: 04-2785576
Commissions paid ($000s): 107
20.8 Broker: HSBC James Capel Inc.
IRS #: 52-1348224
Commissions paid ($000s): 84
20.9 Broker: Schroder Wertheim & Co. Inc.
IRS #: 13-2697272
Commissions paid ($000s): 75
20.10 Broker: Goldman, Sachs & Co.
IRS #: 13-5108880
Commissions paid ($000s): 74
21. Total brokerage commissions paid by the Registrant during the period:
Aggregate paid ($000s): 2,239
Portfolio Transactions with Entities Acting as Principals
22. The entities acting as principals with whom the Registrant did the
largest amount of portfolio transactions, based on total value of
principal, during the period:
22.1 Entity: Goldman, Sachs & Co.
IRS #: 13-5108880
Registrant’s purchases ($000s): 1,262,012
Registrant’s sales ($000s): 41,707
22.2 Entity: Lehman Commercial Paper Inc.
IRS #: 13-2501865
Registrant’s purchases ($000s): 982,203
Registrant’s sales ($000s): 151,794
22.3 Entity: General Electric Capital Corp.
IRS #: 13-1500700
Registrant’s purchases ($000s): 784,739
22.4 Entity: Merrill Lynch, Pierce, Fenner & Smith Inc.
IRS #: 13-5674085
Registrant’s purchases ($000s): 471,676
Registrant’s sales ($000s): 58,432
22.5 Entity: Associates Corp. of North America
IRS #: 74-1494554
Registrant’s purchases ($000s): 457,661
22.6 Entity: CS First Boston Corp.
IRS #: 13-5659485
Registrant’s purchases ($000s): 319,597
Registrant’s sales ($000s): 76,046
22.7 Entity: First Chicago Capital Markets, Inc.
IRS #: 36-3595942
Registrant’s purchases ($000s): 316,118
22.8 Entity: Salomon Brothers Smith Barney, Inc.
IRS #: 13-2919773
Registrant’s purchases ($000s): 129,233
Registrant’s sales ($000s): 157,766
22.9 Entity: Morgan (J.P.) Securities Inc.
IRS #: 13-3224016
Registrant’s purchases ($000s): 186,622
Registrant’s sales ($000s): 38,557
22.10 Entity: BT Securities Corp.
IRS #: 13-3311934
Registrant’s purchases ($000s): 220,373
23. Total purchase/sale transactions by the Registrant during the period:
Aggregate purchases ($000s): 6,154,610
Aggregate sales ($000s): 811,659
Holdings of Securities Issued by Registrant’s/Series’ Brokers or Dealers
24. At period end, did the Registrant/Series hold any securities of the
Registrant’s/Series’ regular brokers or dealers, or of the parents of
such brokers or dealers, that derive more than 15% of gross revenue from
securities-related activities? Yes

25.
The brokers or dealers, or their parents (issuers):
25.1 Name: Morgan (J.P.) Securities Inc.
IRS #: 13-3224016
Type of security owned: Equity
Value of securities owned at period end ($000s): 9,030
Considerations which Affected the Participation of Brokers or Dealers
26. Considerations which affected the participation of brokers or dealers or
other entities in commissions or other compensation paid on portfolio
transactions of the Registrant:

Consideration?
Sales of the Registrant’s/Series’ shares ............................... Yes
Receipt of investment research and statistical info .................... Yes
Receipt of quotations for portfolio valuations ......................... No
Ability to execute portfolio transactions to obtain the best price
and execution ........................................................ Yes
Receipt of telephone line and wire services ............................ No
Broker or Dealer which is an affiliated person ......................... No
An arrangement to return or credit part or all of commissions or
profits thereon...
To an Investment Adviser or Principal Underwriter, or to an
affiliated person of either ...................................... No
To the Registrant .................................................. No
Other .................................................................. No
Investment Company Type
27. Is the Registrant an “open-end” investment company? Yes, Open-End
Sales and Repurchases
28. Monthly total Net Asset Value (NAV) of sales and repurchases of the
Registrant’s/Series’ shares:
1st Month of period: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 100,431
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 72,910
2nd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 94,482
Reinvestment of dividends and distributions ................ 37,824
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 66,267
3rd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 82,875
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 55,588
4th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 124,893
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 88,281
5th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 91,389
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 57,877
6th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 102,383
Reinvestment of dividends and distributions ................ 370,284
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 135,206

Total of all months: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 596,453
Reinvestment of dividends and distributions ................ 408,108
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 476,129

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s): 211,535
Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance)
29. Was a front-end sales load deducted from any share sales during the
period? Yes
30. Total front-end sales loads collected from sales (including exchanges)
by Principal Underwriter or by any underwriter which is an affiliated
person of the Principal Underwriter, of the Registrant’s/Series’ shares
during the period ($000s): 15,721

The maximum sales load rate in effect at period end as a percentage of
the offering price: 5.75%
The minimum sales load rate in effect at period end as a percentage of
the offering price: 0.0%
31. Net amount retained by the Registrant’s/Series’ Principal Underwriter or
by any underwriter or dealer which is an affiliated person of the
Principal Underwriter thereof from front-end sales loads collected from
sales of the Registrant’s/Series’ shares during the period ($000s): 2,659

Amount by which payout by the Registrant’s/Series’ Principal Underwriter
or by any underwriter which is an affiliated person of the Principal
Underwriter thereof to persons or entities selling the
Registrant’s/Series’ shares exceeded that reported in Item 30 ($000s): 0
32. Amount the Registrant’s/Series’ Principal Underwriter and any
underwriters or dealers which are affiliated persons of the Principal
Underwriter paid to dealers which are not affiliated persons of the
Principal Underwriter for selling the Registrant’s/Series’ shares that
were sold with a front-end sales load during the period ($000s): 13,062
33. Amount paid to a captive retail sales force of the Registrant’s/Series’
Principal Underwriter or of any underwriter or dealer which is an
affiliated person of the Principal Underwriter for selling the
Registrant’s shares that were sold with a front-end sales load during
the period ($000s): 0
34. Did the Registrant/Series impose a deferred or contingent deferred sales
load during the period? Yes
35. Total deferred or contingent deferred sales loads collected during the
period from redemptions and repurchases of the Registrant’s/Series’
shares ($000s): 101
36. Did the Registrant/Series retain all monies collected from the deferred
or contingent deferred sales loads during the period? Yes
37. Did the Registrant/Series impose a redemption fee other than a deferred
or contingent sales load during the period? No
39. Were any account maintenance fees or other administrative fees imposed
directly on shareholders during the period? No
Payment Plan for the Distribution of Fund Shares
40. During the period, did the Registrant/Series have a plan of distribution
adopted pursuant to Rule 12b-1? Yes
41. During the period, did the Registrant/Series use its assets directly to
make payments under the 12b-1 plan? Yes
42. For the period, the percentage of total dollars paid directly by the
Registrant/Series under the 12b-1 plan for each of the following:

Percentage of Total Amount Paid (%)
Advertising ............................................................ –
Printing & mailing of prospectuses to other than current shareholders .. –
Payments to underwriters ............................................... –
Payments to brokers or dealers ......................................... 100
Direct payments to sales personnel ..................................... –
Payments to banks and savings & loans .................................. –
Other uses, including payments to its Investment Adviser separate
from the advisory fee ................................................ –
Unallocated payments made for a combination of such services ........... –
43. Total amount paid directly by the Registrant/Series pursuant to its
12b-1 plan ($000s): 11,437
44. If an Investment Adviser or other affiliated person of the
Registrant/Series made unreimbursed payments pursuant to the 12b-1 plan,
the total amount of such payments ($000s): 0
Advisory Fee
45. Did the Registrant/Series have an advisory contract during the period? Yes
46. Did the Registrant/Series pay more than one Investment Adviser directly
for investment advice during the period? No
47. Was the Registrant’s/Series’ advisory fee based solely on a percentage
of its assets? Yes
48. Fee (single rate or step rates) applied to the Registrant’s/Series’
assets based on the advisory contract:
Single-fee rate: 0.0%
Step-fee rates:
For 1st $000s: 500,000
Annual rate: 0.42%
Of next $000s: 500,000
Annual rate: 0.324%
Of next $000s: 500,000
Annual rate: 0.3%
Of next $000s: 1,000,000
Annual rate: 0.282%
Of next $000s: 1,500,000
Annual rate: 0.27%
Of next $000s: 2,500,000
Annual rate: 0.262%
Of next $000s: 4,000,000
Annual rate: 0.255%
& Above $000s: 10,500,000
Annual rate: 0.25%
49. Was the Registrant’s/Series’ advisory fee during the period based solely
on a percentage of its income? No
50. Was the Registrant’s/Series’ advisory fee during the period based on
some combined percentage of its income and assets? No
51. Was the Registrant’s/Series’ advisory fee during the period based in
whole or in part on its investment performance? No
52. Was the Registrant’s/Series’ advisory fee during the period based in
whole or in part on the assets, income or performance of other
Registrants? No
53. Were the expenses of the Registrant/Series limited or reduced at any
time during the period by some agreement or understanding other than by
Blue Sky Laws? Yes

Was the limitation that applied during the period based on...
Assets? Yes
54. Indicated below are whether services were supplied or paid for wholly or
in substantial part by Investment Adviser(s) or Administrator(s) in
connection with the advisory or administrative contract(s) but for which
the Adviser(s) or Administrator(s) are not reimbursed by the Registrant:

Provided to the Registrant?
Occupancy and office rental ............................................ Yes
Clerical and bookkeeping services ...................................... Yes
Accounting services .................................................... Yes
Services of independent auditors ....................................... No
Services of outside counsel ............................................ No
Registration and filing fees ........................................... No
Stationery, supplies and printing ...................................... No
Salaries & compensation of Registrant’s interested Directors ........... Yes
Salaries & compensation of Registrant’s disinterested Directors ........ No
Salaries & compensation of Registrant’s Officers who aren’t Directors .. Yes
Reports to current shareholders ........................................ No
Determination of offering and redemption prices ........................ Yes
Trading department ..................................................... Yes
Prospectus preparation and printing for current shareholders ........... No
Other .................................................................. Yes
Miscellaneous Info
55. Did the Registrant/Series have any of the following outstanding at any
time during the period which exceeded 1% of aggregate net assets:
Overdrafts? No
Bank loans? No
56. During the period, did the Registrant’s/Series’ Investment Adviser(s)
have advisory clients other than investment companies? No
57. Did the Registrant/Series adjust the number of its shares outstanding by
means of a stock split or stock dividend? No
Classification and Asset Allocation
58. Is the Registrant/Series a Separate Account of an insurance company? No
59. Is the Registrant/Series a management investment company? Yes
60. Was the Registrant/Series a diversified investment company at any time
during the period? Yes

Was the Registrant/Series a diversified investment company at the end of
the period? Yes
61. The lowest minimum initial investment required by the Registrant/Series
from an investor that is not an employee or otherwise affiliated with
the Registrant/Series, its Investment Adviser, Principal Underwriter or
other affiliated entity: $500
62. Does the Registrant/Series invest primarily in debt securities,
including convertible debt securities, options & futures on debt
securities or indices of debt securities? No
66. Is the Registrant/Series a Fund that usually invests in equity
securities, options & futures on equity securities, indices of equity
securities or securities convertible into equity securities? Yes

Which best describes its primary investment objective:

Aggressive capital appreciation? No
Capital appreciation? No
Growth? No
Growth and income? No
Income? No
Total return? Yes
67. Is the Registrant/Series a “balanced” Fund? Yes
68. Does the Registrant/Series have more than 50% of its net assets at
period end invested in the securities of issuers...
Engaged primarily in production or distribution of precious metals? No
Located primarily in countries other than the United States? No
69. Is the Registrant/Series an index Fund? No
Investment Practices
70. Activities that are permitted by the Registrant’s/Series’ investment
policies, and which were engaged in during the period:

Activity Permitted Engaged In
Writing or investing in repurchase agreements? No –
Writing or investing in options on equities? No –
Writing or investing in options on debt securities? No –
Writing or investing in options on stock indices? No –
Writing or investing in interest rate futures? No –
Writing or investing in stock index futures? No –
Writing or investing in options on futures? No –
Writing or investing in options on stock index futures? No –
Writing or investing in other commodity futures? No –
Investments in restricted securities? Yes to both
Investments in shares of other investment companies? Yes No
Investments in securities of foreign issuers? Yes to both
Currency exchange transactions? Yes to both
Loaning portfolio securities? No –
Borrowing of money? Yes No
Purchases/sales by certain exempted affiliated persons? Yes to both
Margin purchases? No –
Short selling? No –
Portfolio Turnover
71. Portfolio turnover rate for the period:
Purchases ($000s): 1,971,793
Sales ($000s): 1,705,932

Monthly average Value of portfolio ($000s): 3,876,190

Percent turnover (lesser of Purchases or Sales, divided by Value): 44%
Financial Info — Income and Expenses
72. The number of months covered by the values in Items 72 and 73: 12

Income ($000s)
Net interest income .............................................. 131,627
Net dividend income .............................................. 68,203
Account maintenance fees ......................................... –
Net other income ................................................. –

Expenses ($000s)
Advisory fees .................................................... 13,618
Administrator fees ............................................... –
Salaries and other compensation .................................. –
Shareholder Servicing Agent fees ................................. 2,842
Custodian fees ................................................... 129
Postage .......................................................... 440
Printing expenses ................................................ 241
Directors’ fees .................................................. 83
Registration fees ................................................ 489
Taxes ............................................................ 2
Interest ......................................................... –
Bookkeeping fees paid to anyone performing this service .......... –
Auditing fees .................................................... 33
Legal fees ....................................................... 12
Marketing/distribution payments, incl. Rule 12b-1 plan payments .. 11,437
Amortization of organization expenses ............................ –
Shareholder meeting expenses ..................................... –
Other expenses ................................................... 83
Total expenses ................................................... 29,409

Expense reimbursements ($000s): 0

Net investment income ($000s): 170,421

Realized capital gains ($000s): 371,017
Realized capital losses ($000s): 0

Net unrealized appreciation during the period ($000s): 315,174
Net unrealized depreciation during the period ($000s): 0

Total income dividends for which the record date passed during the
period ($000s): 161,568

Total capital gains distributions for which the record date passed
during the period ($000s): 386,924
73. Distributions per share for which the record date passed during the
period, shown in fractions of a cent, if so declared:

Dividends from net investment income: $0.5600

Distribution of capital gains: $1.3000
Other distributions: $0.0000
Financial Info — Condensed Balance Sheet Data
74. Assets ($000s)
Cash ............................................................. 658
Repurchase agreements ............................................ –
Short-term debt securities, other than repurchase agreements ..... 678,913
Long-term debt securities, including convertible debt ............ 1,544,822
Preferred, conv. preferred and adjustable-rate preferred stock ... 25,796
Common stock ..................................................... 2,844,805
Options on equities .............................................. –
Options on all futures ........................................... –
Other investments ................................................ –
Receivables from portfolio instruments sold ...................... 17,701
Receivables from affiliated persons .............................. –
Other receivables ................................................ 39,300
All other assets ................................................. –
Total assets ..................................................... 5,151,995

Liabilities ($000s)
Payables for portfolio instruments purchased ..................... 61,990
Amounts owed to affiliated persons ............................... 1,256
Senior long-term debt ............................................ –
Other liabilities:
Reverse repurchase agreements .................................. –
Short sales .................................................... –
Written options ................................................ –
All other liabilities .......................................... 52,900

Equity ($000s)
Senior equity .................................................... –
Net assets of common shareholders ................................ 5,035,849

Number of shares outstanding (000s): 321,188

Net Asset Value (NAV) per share (to nearest cent): $15.68

Total number of shareholder accounts: 151,320

Total value of assets in segregated accounts ($000s): 0
75. Monthly average net assets during the period ($000s): 4,556,264
Additional Disclosures
77. Did the Registrant file any additional Exhibits with the filing of this
Report (listed here and filed either herewith — as one of the ‘EX-99.*’
↑Exhibits in this Filing — or separately and incorporated by reference)? Yes

EX-99.77B: Accountant’s Report re: Internal Controls? Yes

EX-99.77Q1: Other Disclosure? Yes
Subsidiaries
78. Does the Registrant have any wholly-owned investment company
subsidiaries whose operating and financial data are consolidated with
that of the Registrant in this Report? No
Fidelity Bond in Effect at Fiscal Year End
80. Insurer: National Union Fire Insurance Co.
2nd Insurer: 1) Chubb Custom Ins. 2) Ici Mutual Ins.

Aggregate face amount of coverage for the Registrant/Series on all bonds
on which it is named as an insured ($000s): 65,000
81. Is the bond part of a joint fidelity bond(s) shared with other
investment companies or other entities? Yes

How many other investment companies or other entities are covered by the
bond (counting each Fund/Series as a separate investment company): 59
82. Does the mandatory coverage of the fidelity bond have a deductible? No
83. Were any claims with respect to this Registrant/Series filed under the
bond during the period? No
84. Were any losses incurred with respect to this Registrant/Series that
could have been filed as a claim under the fidelity bond but were not? No
85. Are the Registrant’s/Series’ Officers and Directors covered as Officers
and Directors of the Registrant/Series under any errors and omissions
insurance policy owned by the Registrant/Series or anyone else? Yes

Were any claims filed under such policy during the period with respect
to the Registrant/Series? No
Signature ↑Top of Form N-SAR
/s/ Patrick F. Quan
Name: Patrick F. Quan
Title: Secretary

↑Top

Filing Submission 0000004568-98-000002 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

American Balanced Fund – ‘NSAR-B’ for 12/31/97

As of: Friday, 2/20/98 · For: 12/31/97 · Accession #: 4568-98-2 · File #: 811-00066

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Annual Report by an Investment Company — Form N-SAR — ICA’40Filing Table of Contents

‘NSAR-B’ — N-SAR (3.0)

Annual Report by an Investment Company — Form N-SAR — ICA’40
Filing Table of Contents