36416 Federal Register / Vol. 65, No. 111 / Thursday, June 8, 2000 / Notices

(13) Executive Order 12866

It has been determined that this notice

is not significant for purposes of

Executive Order 12866.

Courtland Cox,

Director, Minority Business Development

Agency.

Juanita E. Berry,

Federal Register Liaison Officer, Minority

Business Development Agency.

[FR Doc. 00–14503 Filed 6–7–00; 8:45 am]

BILLING CODE 3510–21–P

COMMODITY FUTURES TRADING

COMMISSION

Chicago Board of Trade: Proposed

Amendments to the Chicago Board of

Trade: Corn, Corn Yield Insurance (Six

Contracts), Oats, Rough Rice,

Soybeans, Soybean Meal, Soybean Oil,

Wheat, Kilo Gold, 100 Ounce Gold,

1000 Ounce Silver, and 5000 Ounce

Silver Futures Contracts, Increasing

the Contracts, Maximum Daily Price

Fluctuation Limits

AGENCY: Commodity Futures Trading

Commission.

ACTION: Notice of availability of

proposed amendments to contract terms

and conditions.

SUMMARY: The Chicago Board of Trade

(CBOT or Exchange) has submitted

proposed amendments which would

increase the maximum daily price

fluctuation limits for the Exchange’s

corn, corn yield insurance (six

contracts), oats, rough rice, soybeans,

soybean meal, soybean oil, wheat, kilo

gold, 100 ounce silver, and 5000 ounce

silver futures contracts. The CBT’s

proposals are described below. The

proposed amendments were submitted

under the Commission’s 45-day Fast

Track procedures which provides that,

absent any contrary action by the

Commission, the proposed amendments

may be deemed approved on July 10,

2000—45 days after the Commission’s

receipt of the proposals. The Acting

Director of the Division of Economic

Analysis (Division) of the Commission,

acting pursuant to the authority

delegated by Commission Regulation

140.96, has determined that publication

of the proposed amendments is in the

public interest and will assist the

Commission in considering the views of

interested persons.

DATES: Comments must be received on

or before June 23, 2000.

ADDRESSES: Interested persons should

submit their views and comments to

Jean A. Webb, Secretary, Commodity

Futures Trading Commission, Three

Lafayette Centre, 21st Street, NW,

Washington, DC 20581. In addition,

comments may be sent by facsimile

transmission to facsimile number (202)

418–5521, or by electronic mail to

secretary@cftc.gov. Reference should be

made to the proposed amendments to

the CBOT’s maximum daily price

fluctuation limits.

FOR FURTHER INFORMATION CONTACT:

Please contact John Bird of the Division

of Economic Analysis, Commodity

Futures Trading Commission, Three

Lafayette Centre, 21st Street NW,

Washington, DC 20581, telephone (202)

418–5274. Facsimile number: (202) 418–

5527. Electronic mail: jbird@cftc.gov

SUPPLEMENTARY INFORMATION: Currently,

the CBOT’s rules specify maximum

daily price fluctuation limits for the

subject contracts that are applicable to

trading until the second business day

prior to the first business day of the

expiring delivery month. No daily price

limits are applicable to trading during

the expiring contract month. The

contracts’ existing terms also provide for

expansion of the maximum daily price

fluctuation limits under specified

circumstances. The existing terms of the

option contracts based on the subject

futures contracts specify that daily

fluctuations in option premiums are

subject to the same limits as are

specified for the underlying futures

contract.

The CBOT is proposing to increase

the maximum daily price fluctuation

limits for the subject contracts as shown

below:

Contract Proposed limit Existing limit

Corn .................................................................... $.20 per bushel ................................................ $.12 per bushel.

Corn Yield Insurance (Iowa, Illinois, Indiana,

Nebraska, Ohio and U.S.).

22.5 bushels per harvested acre ..................... 15 bushels per harvested acre.

Kilo gold .............................................................. $75.00 per ounce ............................................. $50.00 per ounce.

100 Ounce Gold ................................................. $75.00 per ounce ............................................. $50.00 per ounce.

Oats .................................................................... $.20 per bushel ................................................ $.10 per bushel.

Rough Rice ......................................................... $.50 per hundredweight ................................... $.30 per hundredweight.

1000 Ounce Silver .............................................. $1.50 per ounce ............................................... $1.00 per ounce.

5000 Ounce Silver .............................................. $1.50 per ounce ............................................... $1.00 per ounce.

Soybeans ............................................................ $.50 per bushel ................................................ $.30 per bushel.

Soybean Meal .................................................... $20.00 per ton .................................................. $10.00 per ton.

Soybean Oil ........................................................ $.020 per pound ............................................... $.010 per pound.

Wheat ................................................................. $.30 per bushel ................................................ $.20 per bushel.

The proposed amendments also

would delete the contracts’ existing

provisions that provide for expansion of

the maximum daily price fluctuation

limits under specified circumstances.

Since the option contracts specify that

maximum daily premium fluctuation

limits are subject to the same price

limits specified for the underlying

futures contracts, the proposed

amendments also will increase the

limits on daily premium fluctuations for

such option contracts. Under the

proposed amendments, trading in all

contract months listed for particular

futures or option contract would cease

for the rest of the trading session when

the prices for one or more contract

months go to the revised limits. The

Exchange intends to make the proposed

amendments effective upon

Commission approval for all existing

and newly listed contract months.

In support of the proposed

amendments, the Exchange said that:

The CBOT/Eurex Alliance electronic

trading system does not have the ability to

implement daily price limits electronically.

Therefore, Electronic Trading System (ETS)

staff would be required to halt trading

manually when prices reached specified

limits. If one futures contract month for a

commodity goes to a limit, this event would

trigger a manual shutdown of all futures

contract months and the market would

remain shut down for the remainder of the

trading session. Likewise, if one option

contract months and strike price goes to a

limit, trading in all option contract months

and strike prices would be terminated for the

remainder of the session. Increasing the

limits would reduce the number of

occurrences of manual trading halts.

Price limits were established because of a

perceived need for a ‘‘cooling off period’’ for

futures when a major news release or event

causes prices to move substantially.

Federal Register / Vol. 65, No. 111 / Thursday, June 8, 2000 / Notices 36417

However, price limits, by their very nature,

prevent futures markets from discovering the

market price at times when market

participants would most like to have that

price information (i.e. after a major news

release or other event). Widening daily price

limits will allow the agricultural and metals

futures markets to better reflect cash price

movements and will provide greater access

for market users during periods of

uncertainty.

The CBOT also said that:

The proposed increases in price limits will

increase the probability that the futures

markets will continue to trade and provide a

price discovery function following a major

news release or unexpected event. This in

turn will provide the marketplace with a

benchmark price from which to base cash

prices and production, marketing and buying

decisions.

The Commission is requesting

comments on the proposed

amendments.

Copies of the proposed amendments

will be available for inspection at the

Office of the Secretariat, Commodity

Futures Trading Commission, Three

Lafayette Centre, 21st Street NW.,

Washington, DC 20581. Copies of the

proposed amendments can be obtained

through the Office of the Secretariat by

mail at the above address, by phone at

(202) 418–5100, or via the Internet at

secretary@cftc.gov.

Other materials submitted by the

Exchange in support of the proposal

may be available upon request pursuant

to the Freedom of Information Act (5

U.S.C. 552) and the Commission’s

regulations thereunder (17 CFR part 145

(1987)), except to the extent they are

entitled to confidential treatment as set

forth in 17 CFR 145.5 and 145.9.

Requests for copies of such material

should be made to the FOI, Privacy and

Sunshine Act Compliance Staff of the

Office of Secretariat at the Commission’s

headquarters in accordance with 17 CFR

145.7 and 145.8

Any person interested in submitting

written data, views, or arguments on the

proposed amendments, or with respect

to other materials submitted by the

Exchange, should send such comments

to Jean A. Webb, Secretary,

Commmodity Futures Trading

Commission, Three Lafayette Centre,

21st Street NW, Washington, DC 20581

by the specified date.

Issued in Washington, DC, on June 2, 2000.

Richard Shilts,

Acting Director.

[FR Doc. 00–14383 Filed 6–07–00; 8:45 am]

BILLING CODE 6351–01–M

DEPARTMENT OF DEFENSE

Office of the Secretary

Submission for OMB review; comment

request

ACTION: Notice.

The Department of Defense has

submitted to OMB for clearance, the

following proposal for collection of

information under the provisions of the

Paperwork Reduction Act (44 U.S.C.

Chapter 35.).

Title, Associated Form, and OMB

Number: Department of Defense

Medical Examination Review Board

(DoDMERB) Medical Information

Collection Forms; DD Forms 2351, 2369,

2370, 2372, 2374, 2375, 2378, 2379,

2380, 2381, 2382, 2883, 2480, 2489,

2492, 2632; OMB Number 0704–0396.

Type of Request: Extension.

Number of Respondents: 19,000.

Responses Per Respondent: 1.

Annual Responses: 19,000.

Average Burden Per Response: 1 hour

(average).

Annual Burden Hours: 19,000.

Needs and Uses: This collection of

information is necessary to determine

the medical qualification of applicants

to the five Service academies, the fouryear Reserve Officer Training Corps

(ROTC) College Scholarship Program,

Uniformed Services University of

Health Sciences, and the Army, Navy,

and Air Force Scholarship Programs.

The collection of medical history of

each applicant is to determine if

applicants meet medical standards

outlined in Department of Defense

Directive 6130.3, Physical Standards for

Appointment, Enlistment and

Induction, dated May 2, 1994.

Respondents are individuals who are

interested in applying to attend one of

the five Service academies, the four-year

ROTC Scholarship Program, Uniformed

Services University of the Health

Sciences, or Army, Navy, and Air Force

Scholarship Programs. The forms are

processed through medical reviewers

representing their respective services to

determine a medical qualification

status. Associated forms may or may not

be required depending on the medical

information contained in the medical

examination. It is essential that

individuals have a medical qualification

determination to ensure compliance

with the physical standards established

for each military service program.

Affected Public: Individuals or

Households.

Frequency: On occasion.

Respondent’s Obligation: Required to

Obtain or Retain Benefits.

OMB Desk Officer: Mr. Edward C.

Springer.

Written comments and

recommendations on the proposed

information collection should be sent to

Mr. Springer at the Office of

Management and Budget, Desk Officer

for DoD, Room 10236, New Executive

Office Building, Washington, DC 20503.

DOD Clearance Officer: Mr. Robert

Cushing.

Written requests for copies of the

information collection proposal should

be sent to Mr. Cushing, WHS/DIOR,

1215 Jefferson Davis Highway, Suite

1204, Arlington, VA 22202–4302.

Dated: May 23, 2000.

Patricia L. Toppings,

Alternate OSD Federal Register Liaison

Officer, Department of Defense.

[FR Doc. 00–14416 Filed 6–7–00; 8:45 am]

BILLING CODE 5001–10–M

DEPARTMENT OF DEFENSE

Office of the Secretary

Submission for OMB Review;

Comment Request

ACTION: Notice.

The Department of Defense has

submitted to OMB for clearance, the

following proposal for collection of

information under the provisions of the

Paperwork Reduction Act (44 U.S.C.

Chapter 35).

Title, Associated Form, and OMB

Number: Third Party Collection program

(Record of Other Health Insurance; DD

Form 2569; OMB Number 0704–0323.

Type of Request: Revision.

Number of Respondents: 293,401.

Responses Per Respondent: 1.

Annual Responses: 293,401.

Average Burden Per Response: 2.5

minutes.

Annual Burden Hours: 12,030.

Needs and Uses: The information

contained in the DD Form 2569 will be

used to collect reimbursement from

private insurers for medical care

provided to family members of retirees

and decreased Service members having

health insurance. This information is

collected either during the inpatient

stay admission and/or discharge process

or during the visit when a patient

presents for an outpatient procedure.

Reimbursement will be used to enhance

healthcare delivery in the Medical

Treatment Facility (MTF). Information

will also be used by the Military Health

Services System and CHAMPUS Fiscal

intermediaries to determine eligibility

for care, deductibles, and copayments

and by Health Affairs for program

planning and management.