Font Size: AAA // Print // Bookmark


  • [Federal Register: December 3, 2007 (Volume 72, Number 231)]


    [Page 67919]

    From the Federal Register Online via GPO Access []


    [[Page 67919]]




    Agency Information Collection Activities: Notice of Intent To

    Renew Collection 3038-0026, Gross Collection of Exchange-Set Margins

    for Omnibus Accounts

    AGENCY: Commodity Futures Trading Commission.

    ACTION: Notice.


    SUMMARY: The Commodity Futures Trading Commission (CFTC) is announcing

    an opportunity for public comment on the proposed collection of certain

    information by the agency. Under the Paperwork Reduction Act of 1995

    (PRA), 44 U.S.C. 3501 et seq., Federal agencies are required to publish

    notice in the Federal Register concerning each proposed collection of

    information, including each proposed extension of an existing

    collection of information, and to allow 60 days for public comment in

    response to the notice. This notice solicits comments on requirements

    relating to gross collection of Exchange-Set margins for Omnibus


    DATES: Comments must be submitted on or before February 1, 2008.

    ADDRESSES: Comments may be mailed to Barbara S. Gold, Associate

    Director, Division of Clearing and Intermediary Oversight, U.S.

    Commodity Futures Trading Commission, 1155 21st Street, NW.,

    Washington, DC 20581.

    FOR FURTHER INFORMATION CONTACT: Barbara S. Gold, (202) 418-5430; Fax:

    (202) 418-5528; e-mail:

    SUPPLEMENTARY INFORMATION: Under the PRA, Federal agencies must obtain

    approval from the Office of Management and Budget (OMB) for each

    collection of information they conduct or sponsor. ``Collection of

    information'' is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) and

    includes agency requests or requirements that members of the public

    submit reports, keep records, or provide information to a third party.

    Section 3506(c)(2)(A) of the PRA, 44 U.S.C. 3506(c)(2)(A), requires

    Federal agencies to provide a 60-day notice in the Federal Register

    concerning each proposed collection of information, including each

    proposed extension of an existing collection of information, before

    submitting the collection to OMB for approval. To comply with this

    requirement, the CFTC is publishing notice of the proposed collection

    of information listed below.

    With respect to the following collection of information, the CFTC

    invites comments on:

    Whether the proposed collection of information is

    necessary for the proper performance of the functions of the

    Commission, including whether the information will have a practical


    The accuracy of the Commission's estimate of the burden of

    the proposed collection of information, including the validity of the

    methodology and assumptions used;

    Ways to enhance the quality, usefulness, and clarity of

    the information to be collected; and

    Ways to minimize the burden of collection of information

    on those who are to respond, including through the use of appropriate

    automated electronic, mechanical, or other technological collection

    techniques or other forms of information technology; e.g., permitting

    electronic submission of responses.

    Gross Collection of Exchange-Set Margins for Omnibus Accounts, OMB

    Control Number 3038-0026--Extension

    Commission Regulation 1.58 requires that FCMs margin omnibus

    accounts on a gross, rather than a net, basis. The regulation provides

    that the carrying FCM need not collect margin for positions traded by a

    person through an omnibus account in excess of the amount that would be

    required if the same person, instead of trading through an omnibus

    account, maintained its own account with the carrying FCM.

    The Commission estimates the burden of this collection of

    information as follows:

    Estimated Annual Reporting Burden


    Annual number of Total annual Hours per

    17 CFR section respondents Frequency of response responses response Total hours


    17 CFR 1.58................................ 150 On occasion........................ 600 .08 48


    There are no capital costs or operating and maintenance costs

    associated with this collection.

    This estimate is based on the number of written records maintained

    in the last three years. Although the burden varies, such records may

    involve analytical work and analysis, as well as multiple levels of


    Dated: November 27, 2007.

    David A. Stawick,

    Secretary of the Commission.

    [FR Doc. E7-23279 Filed 11-30-07; 8:45 am]

    BILLING CODE 6351-01-P

    Last Updated: December 3, 2007