[Federal Register: March 27, 1997 (Volume 62, Number 59)]
[Page 14673-14674]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]



Chicago Board of Trade Futures Contracts in Corn and Soybeans;
Notice That Delivery Point: Specifications Must Be Amended

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice of, and request for public comment on, response of the
Chicago Board of Trade to Notification to amend delivery


SUMMARY: The Commodity Futures Trading Commission (Commission), by
letter dated December 19, 1996, notified the Board of Trade of the City
of Chicago (CBT), under section 5a(a)(10) of the Commodity Exchange Act
(Act), 7 U.S.C. 7a(a)(10), that the delivery terms of the CBT corn and
soybean futures contracts no longer accomplish the objectives of that
section of the Act. Under section 5a(a)(10), the CBT was required to
respond by March 4, 1997, seventy-five (75) days from the date of the
    By letter dated March 4, 1997, from Patrick H. Arbor to Chairperson
Brooksley Born, the CBT responded by providing to the Commission a
status report of its actions. In that response, the CBT reported that a
``working alternative'' had been approved by the exchange board and
would be forwarded to the membership for a vote.
    On March 14, 1997, the Commission provided notice of the CBT's
working alternative in order to provide the public with an opportunity
to comment to the Commission on it (62 FR 12156). The Commission has
determined to extend the comment period for an additional fifteen (15)

DATES: Comment must be received by April 15, 1997.

ADDRESSES: Comments should be mailed to the Commodity Futures Trading
Commission, Three Lafayette Centre, 1155 21st Street, NW, Washington,
DC 20581, attention, Office of the Secretariat; transmitted by
facsimile at (202) 418-5521, or transmitted electronically at
secretary@cftc.gov. Reference should be made to ``Corn and Soybean
Delivery Points.''

Blake Imel, Acting Director, or Paul M. Architzel, Chief Counsel,
Division of Economic Analysis, Commodity Futures Trading Commission,
Three Lafayette Centre, 1155 21st Street, NW, Washington, DC 20581,
telephone (202) 418-5260, or electronically, Mr. Architzel at
Parchitzel@cftc. gov.

[[Page 14674]]

SUPPLEMENTARY INFORMATION: The Commission has determined to extend the
public comment period for the subject notice. The Commission believes
that an extension of the comment period until April 15 would permit
interested parties to fully evaluate the proposal and to submit their
comments thereon to the Commission.

    Issued in Washington, DC, on March 21, 1997.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 97-7805 Filed 3-26-97; 8:45 am]

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