[Federal Register: January 18, 2005 (Volume 70, Number 11)]
[Page 2854-2855]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]



Agency Information Collection Activities Under OMB Review

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.


SUMMARY: In compliance with the Paperwork Reduction Act (44 U.S.C. 3501
et seq.), this notice announces that the Information Collection Request
(ICR) abstracted below has been forwarded to the Office of Management
and Budget (OMB) for review and comment. The ICR describes the nature
of the information collection and its expected costs and burden; it
includes the actual data collection instruments (if any).

DATES: Comments must be submitted on or before February 17, 2005.

FOR FURTHER INFORMATION CONTACT: Lawrence B. Patent, Division of
Clearing and Intermediary Oversight, Commodity Futures Trading
Commission, 1155 21st Street, NW., Washington, DC 20581, (202) 418-
5439; FAX: (202) 418-5536; e-mail: [email protected] and refer to OMB
Control No. 3038-0026;

    Title: Gross Collection of Exchange-Set Margins for Omnibus
Accounts (OMB Control No. 3038-0026). This is a request for extension
of a currently approved information collection.
    Abstract: Commission Regulation 1.58 requires futures commission
merchants to carry omnibus accounts on a gross, rather than a net,
basis. This rule is promulgated pursuant to the Commission's rulemaking
authority contained in sections 5 and 5a of the Commodity Exchange Act,
7 U.S.C. 7 and 7a (2000).
    An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless it displays a
currently valid OMB control number. The OMB control numbers for the
CFTC's regulations were published on December 30, 1981. See 46 FR 63035
(Dec. 30, 1981). The Federal Register notice with a 60-day comment
period soliciting comments on this collection of information was
published on November 9, 2004 (69 FR 64917).

[[Page 2855]]

    Burden statement: The respondent burden for this collection is
estimated to average .08 hours per response. These estimates include
the time needed to review instructions; develop, acquire, install, and
utilize technology and systems for the purposes of collecting,
validating, and verifying information, processing and maintaining
information and disclosing and providing information; adjust the
existing ways to comply with any previously applicable instructions and
requirements; train personnel to be able to respond to a collection of
information; and transmit or otherwise disclose the information.
    Respondents/Affected Entities: 150.
    Estimated number of responses: 48
    Estimated total annual burden on respondents: 600 hours.
    Frequency of collection: On occasion.
    Send comments regarding the burden estimated or any other aspect of
the information collection, including suggestions for reducing the
burden, to the addresses listed below. Please refer to OMB Control No.
3038-0026 in any correspondence.
    Lawrence B. Patent, Division of Clearing and Intermediary
Oversight, Commodity Futures Trading Commission, 1155 21st Street, NW.,
Washington, DC 20581 and Office of Information and Regulatory Affairs,
Office of Management and Budget, Attention: Desk Officer for CFTC, 725
17th Street, Washington, DC 20503.

    Dated: January 11, 2005
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 05-910 Filed 1-14-05; 8:45 am]