Document headings vary by document type but may contain
                    the following: the agency or agencies that issued and signed a document
the number of the CFR title and the number of each part
                      the document amends, proposes to amend, or is directly
                      related to
the agency docket number / agency internal file number
the RIN which identifies each regulatory action listed in
                      the Unified Agenda of Federal Regulatory and Deregulatory
                      Actions See the
                    Document Drafting Handbook
                    for more details.
 Commodity Futures Trading Commission
 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 Accounts.
 DATES: Comments must be submitted on or before January 10, 2005.
 ADDRESSES: Comments may be mailed to Lawrence B. Patent, Division of Clearing and Intermediary Oversight, U.S. Commodity Futures Trading Commission, 1155 21st Street, NW., Washington, DC 20581.
 FOR FURTHER INFORMATION CONTACT: Lawrence B. Patent, (202) 418-5439; fax: (202) 418-5536; e-mail: 
                        *Ipatent@cftc.gov.*


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 use;
                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 Rule 1.58 requires that FCMs margin omnibus accounts on a gross, rather than a net, basis. The rule provides that the carrying FCM need not collect margin for positions traded by a person through an omnibus account in excess of the amount which 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 Annual Reporting Burden
17 CFR Section
Annual number of respondents
Frequency of response
Total annual
                             responses
Hours per
                             response
Total hours17 CFR 1.58
150
On occasion
600
.08
48
 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 review. Dated: November 4, 2004. Jean A. Webb, Secretary of the Commission.


[FR Doc. 04-24950  Filed 11-8-04; 8:45 am] BILLING CODE 6351-01-M