Federal Register, Volume 79 Issue 98 (Wednesday, May 21, 2014)  
[Federal Register Volume 79, Number 98 (Wednesday, May 21, 2014)]
[Pages 29173-29174]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-11759]



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), 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, as described below, on the proposed 
Information Collection Request (ICR) titled: Gross Collection of 
Exchange-Set Margins for Omnibus Accounts; OMB Control Number 3038-

DATES: Comments must be submitted on or before July 21, 2014.

ADDRESSES: You may submit comments, identified by OMB Control Number 
3038-0026, regarding the burden estimate, or any other aspect of the 
information collection, including suggestions for reducing the burden, 
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 Swap Dealer and 
Intermediary Oversight, Commodity Futures Trading Commission, 525 W. 
Monroe, Suite 1100, Chicago, IL 60661.
     Hand delivery/Courier: Same as Mail, above.
     Federal eRulemaking Portal: http://www.regulations.gov/search/index.jsp. Follow the instructions for submitting comments 
through the Portal.
    Please submit your comments using only one method.

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

[[Page 29174]]

     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.
    All comments must be submitted in English, or if not, accompanied 
by an English translation. Comments will be posted as received to 
http://www.cftc.gov. You should submit only information that you wish 
to make available publicly. If you wish the Commission to consider 
information that you believe is exempt from disclosure under the 
Freedom of Information Act, a petition for confidential treatment of 
the exempt information may be submitted according to the procedures 
established in Sec.  145.9 of the Commission's regulations.\1\

    \1\ 17 CFR 145.9.

    The Commission reserves the right, but shall have no obligation, to 
review, pre-screen, filter, redact, refuse or remove any or all of your 
submission from http://www.cftc.gov that it may deem to be 
inappropriate for publication, such as obscene language. All 
submissions that have been redacted or removed that contain comments on 
the merits of the ICR will be retained in the public comment file and 
will be considered as required under the Administrative Procedure Act 
and other applicable laws, and may be accessible under the Freedom of 
Information Act.

Gross Collection of Exchange-Set Margins for Omnibus Accounts, OMB 
Control Number 3038-0026--Extension

    Burden Statement: 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: 66.
     Reports annually by each respondent: 4.
     Total annual responses: 264.
     Estimated average number of hours per response: .08.
     Annual reporting burden: 22.
    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 16, 2014.
Christopher J. Kirkpatrick,
Deputy Secretary of the Commission.
[FR Doc. 2014-11759 Filed 5-20-14; 8:45 am]