Federal Register, Volume 76 Issue 96 (Wednesday, May 18, 2011)[Federal Register Volume 76, Number 96 (Wednesday, May 18, 2011)]
[Pages 28754-28755]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-12185]



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 July 18, 2011.

ADDRESSES: You may submit comments, identified by OMB Control Number 
3038-0026, by any of the following methods:
     Agency Web site, via its Comments Online process: http://comments.cftc.gov. Follow the instructions for submitting comments 
through the Web site.
     Mail: Mark Bretscher, Division of Clearing and 
Intermediary Oversight, Commodity Futures Trading Commission, 525 W. 
Monroe, Suite 1100, Chicago, IL 60661.
    Federal eRulemaking Portal: http://www.regulations.gov/search/index.jsp. Follow the instructions for submitting comments.

FOR FURTHER INFORMATION CONTACT: Mark Bretscher, (312) 596-0529; FAX 
(312) 596-0711; e-mail: [email protected]

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 number of respondents: 125.
     Reports annually by each respondent: 4.
     Total annual responses: 500.
     Estimated average number of hours per response: .08.
     Annual reporting burden: 40.

[[Page 28755]]

    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: May 12, 2011.
David A. Stawick,
Secretary of the Commission.
[FR Doc. 2011-12185 Filed 5-17-11; 8:45 am]