[Federal Register: May 9, 2000 (Volume 65, Number 90)]
[Page 26816-26817]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]



Agency Information Collection Activities: Notice of Intent To
Renew Collection 3038-0019, Stocks of Grain in Licensed Warehouses

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 information collected to assist the Commission in the
prevention of market manipulation.

DATES: Comments must be submitted on or before July 10, 2000.

ADDRESSES: Comments may be mailed to Lamont L. Reese, Division Economic
Analysis, U.S. Commodity Futures Trading Commission, 1155 21st Street
NW, Washington, DC 20581.

FOR FURTHER INFORMATION CONTACT: Lamont L. Reese, (202) 418-5310; FAX:
(202) 418-5527; email: Ireese@cftc.gov.

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.

Stocks of Grain in Licensed Warehouses, OMB Control No. 3038-0019--

    Under Commission Rule 1.44, 17 CFR 1.44, contract markets must
require operators of warehouses regular for delivery to keep records on
stocks of commodities and make reports on call by the Commission. The
rule is designed to assist the Commission in the prevention of market
manipulation and are promulgated pursuant to the Commission's
rulemaking authority contained in section 5a of the Commodity Exchange
Act, 7 U.S.C. 7a.

[[Page 26817]]

    The Commission estimates the burden of this collection of
information as follows:

                                        Estimated Annual Reporting Burden
                                Annual  number
        17 CFR section                of          Frequency of     Total annual      Hours per      Total hours
                                  respondents       response         responses       response
17 CFR 1.44...................               3  Weekly..........           1,701            1.04           1,769

    There are no capital costs or operating and maintenance costs
associated with this collection.
    This estimate is based on the number of exchanges providing such
weekly data to the Commission and the number of elevator operators from
which the exchanges collect the data.

    Dated: May 3, 2000.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 00-11526 Filed 5-8-00; 8:45 am]

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