98-28242. Public Information Collection Requirement Submitted to Office of Management and Budget for Review

[Federal Register Volume 63, Number 203 (Wednesday, October 21, 1998)]
[Notices]
[Pages 56150-56151]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-28242]


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COMMODITY FUTURES TRADING COMMISSION


Public Information Collection Requirement Submitted to Office of 
Management and Budget for Review

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice of Information Collection 2028-0026, Gross Margining of 
Omnibus Accounts.

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SUMMARY: The Commodity Futures Trading Commission has submitted 
information collection 3038-0026, Gross Margining of Omnibus Accounts, 
to OMB for review and clearance under the Paperwork Reduction Act of 
1995, Pub. L. 104-13. A carrying futures commission merchant (``FCM'') 
is required to maintain a written representation from the originating 
FCM if it allows a person trading through an omnibus account to margin 
positions in the account at a lower than normal level because a spread 
or hedge position is involved.

DATES: Comments must be received on or before November 20, 1998.

ADDRESSES: Persons wishing to comment on this information collection 
should contact the Desk Officer, CFTC, Office of Management and Budget, 
Room 3228, NEOB, Washington, D.C. 20503, [phone].
    Title: Gross Margining of Omnibus Accounts.
    Control Number: 3038-0026.
    Action: Extension.
    Respondents: Business.
    Estimated Annual Burden: 300 total hours.

[[Page 56151]]



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                                                                                                      Estimated
                                                                            Estimated      Annual      average
                Respondents                     Regulation (17 C.F.R.)      number of    responses    hours per
                                                                           respondents                 response
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Reporting: Businesses......................  1.58(b).....................           75        3,750          .04
Recordkeeping: Businesses..................  1.58(b).....................          150          150            1
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    Issued in Washington, D.C. on October 8, 1998.
Jean A. Webb,
Secretary to the Commission.
[FR Doc. 98-28242 Filed 10-20-98; 8:45 am]
BILLING CODE 6351-01-M