[Federal Register: May 9, 2000 (Volume 65, Number 90)]
[Notices]
[Page 26818]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr09my00-38]


[[Page 26818]]

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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent To
Renew Collection 3038-0017, Market Surveys

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

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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 market surveys conducted to determine use of futures
markets by commercial entities or to investigate underlying causes of
marketwide phenomena.

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
use;
     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.

Market Surveys, OMB Control No. 3038-0017--Extension

    Section 8(a)(i) and (ii) of the Commodity Exchange Act (Act)
provide that for the efficient execution of the provisions of the Act
and in order to inform Congress, the Commission may make investigations
concerning futures markets and may publish general statistical
information from such investigations. In certain instances in response
to abrupt and substantial changes in market prices, Congressional
inquiry or other reasons, the Commission may conduct full market
investigation requiring that all persons holding futures positions on
the date in question in a specific market be identified. In such cases
the Commission issues its call for survey information pursuant to Rule
21.02, 17 CFR 21.02.
    The Commission estimates the burden of this collection of
information as follows:

                                        Estimated Annual Reporting Burden
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                                 Annual number    Frequency of     Total annual      Hours per
        17 CFR section          of respondents      response         responses       response       Total hours
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17 CFR 21.02..................             400  On occasion.....             400            1.75             700
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    There are no capital costs or operating and maintenance costs
associated with this collection.
    This estimate is based on the number of members of contract
markets, futures commission merchants, and foreign brokers who receive
an abbreviated call for information in machine-readable form.

    Dated: May 3, 2000.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 00-11528 Filed 5-8-00; 8:45 am]
BILLING CODE 6351-01-M



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