[Federal Register: August 7, 1998 (Volume 63, Number 152)]
[Page 42377-42378]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]



Public Information Collection Requirement

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice of Intent to Renew Information Collection #3038-0026:
Gross Margining of Omnibus Account.


SUMMARY: The Commodity Futures Trading Commission is planning to renew
information collection 3038-0026, Gross Margining of Omnibus Accounts.
The information collection is required to ensure compliance with
Commission Regulation 1.58 that requires Futures Commission Merchants
(FCMs) to carry omnibus accounts on a gross, rather than a net basis.
In compliance with the Paperwork Reduction Act of 1995, the Commission
solicits comments to:

    (1) evaluate whether the collection of information is necessary
for the proper performance of the functions of the agency, including
the validity of the methodology and assumptions used; (2) evaluate
the accuracy of the agency's estimate of the burden of the
collection of information including the validity of the methodology
and assumptions used; (3) enhance the quality, utility, and clarity
of the information to be collected; and (4) minimize the burden of
the collection of the 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.

[[Page 42378]]

DATES: Comments must be received on or before October 6, 1998.

ADDRESSES: Persons wishing to comment on this information collection
should contact the CFTC Clearance Officer, 1155 21st Street NW.,
Washington, DC 20581, (202) 418-5160.

    Title: Gross Margining of Omnibus Accounts.
    Control Number: 3038-0026.
    Action: Extension.
    Respondents: Futures Commission Merchants.
    Estimated Annual Burden: 5,000.

                                                                  Estimated                         Est. avg.
                 Respondents                   Regulation (17     number of          Annual         hours, per
                                                    CFR)         respondents       responses         response
FCMs........................................            1.58              400            5,300              .94

    Issued in Washington, DC, on August 3, 1998.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 98-21121 Filed 8-6-98; 8:45 am]

======== RETURN TO INDEX ========