Federal Register / Vol. 90, No. 22 / Tuesday, February 4, 2025 / Notices 8927 

1The OMB control numbers for the CFTC 

regulations were published on December 30, 1981. 

See 46 FR 63035 (Dec. 30, 1981). 

economic sciences. Geospatial metadata 

typically includes descriptive 

information about specific observed, 

calculated, or modelled data (e.g., title, 

abstract, purpose statement, descriptive 

discovery keywords), characteristics of 

the described data (e.g., date and spatial 

range of data collection activities, data 

processing steps, collected/measured 

variables and units of measure for those 

variables) and administrative 

information (e.g., who collected or 

created data and metadata, how to cite 

data when used in scientific analyses). 

Information collected by the listed tools 

is used to inform the appropriate use of 

data described by related geospatial 

metadata. 

Two applications in the existing 

approved collection have had minor 

changes to their forms. The Send2NCEI 

application added a license selector. 

InPort has changed one of the fields 

from a text field to a drop-down list 

selector. These changes do not impact 

the response burden. 

Affected Public: Business or other forprofit organizations; Not-for-profit 

institutions; State, Local, or Tribal 

government; Federal government. 

Frequency: As needed for geospatial 

data documentation purposes. 

Respondent’s Obligation: Voluntary. 

Legal Authority: Executive Order 

12906 and the 2013 Office of Science 

and Technology Policy Memorandum 

‘Public Access to Research Results’. 

This information collection request 

may be viewed at www.reginfo.gov. 

Follow the instructions to view the 

Department of Commerce collections 

currently under review by OMB. 

Written comments and 

recommendations for the proposed 

information collection should be 

submitted within 30 days of the 

publication of this notice on the 

following website www.reginfo.gov/ 

public/do/PRAMain. Find this 

particular information collection by 

selecting ‘‘Currently under 30-day 

Review—Open for Public Comments’’ or 

by using the search function and 

entering either the title of the collection 

or the OMB Control Number 0648–0024. 

Sheleen Dumas, 

Departmental PRA Compliance Officer, Office 

of the Under Secretary for Economic Affairs, 

Commerce Department. 

[FR Doc. 2025–02157 Filed 2–3–25; 8:45 am] 

BILLING CODE 3510–HR–P 

COMMODITY FUTURES TRADING 

COMMISSION 

Agency Information Collection 

Activities: Notice of Intent To Extend 

Collection 3038–0094: Clearing 

Member Risk Management 

AGENCY: Commodity Futures Trading 

Commission. 

ACTION: Notice. 

SUMMARY: The Commodity Futures 

Trading Commission (‘‘Commission’’ or 

‘‘CFTC’’) is announcing an opportunity 

for public comment on the proposed 

renewal of a collection of certain 

information by the agency. Under the 

Paperwork Reduction Act (‘‘PRA’’), 

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. This notice solicits 

comments on the obligation to maintain 

records related to clearing 

documentation between a customer and 

the customer’s clearing member, as 

required under Commission regulations. 

DATES: Comments must be submitted on 

or before April 7, 2025. 

ADDRESSES: You may submit comments, 

identified by ‘‘OMB Control No. 3038– 

0094,’’ by any of the following methods: 

• The Agency’s website, at https://

comments.cftc.gov/. Follow the 

instructions for submitting comments 

through the website. 

• Mail: Christopher Kirkpatrick, 

Secretary of the Commission, 

Commodity Futures Trading 

Commission, Three Lafayette Centre, 

1155 21st Street NW, Washington, DC 

20581. 

• Hand Delivery/Courier: Same as 

Mail above. 

Please submit your comments using 

only one method. 

FOR FURTHER INFORMATION CONTACT: 

Catherine Brescia, Attorney Advisor, 

Market Participants Division, 

Commodity Futures Trading 

Commission, Three Lafayette Centre, 

1155 21st Street NW, Washington, DC 

20581; (202) 418–6236; email: cbrescia@

cftc.gov. 

SUPPLEMENTARY INFORMATION: Under the 

PRA, 44 U.S.C. 3501 et seq., 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 

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 Commission is 

publishing notice of the proposed 

extension of the existing collection of 

information listed below. 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.1

Title: Clearing Member Risk 

Management (OMB Control No. 3038– 

0094). This is a request for an extension 

of a currently approved information 

collection. 

Abstract: Section 3(b) of the 

Commodity Exchange Act (‘‘Act’’ or 

‘‘CEA’’) provides that one of the 

purposes of the Act is to ensure the 

financial integrity of all transactions 

subject to the Act and to avoid systemic 

risks. Section 8a(5) of the CEA 

authorizes the Commission to 

promulgate such regulations that it 

believes are reasonably necessary to 

effectuate any of the provisions or to 

accomplish any of the purposes of the 

CEA. Risk management systems are 

critical to the avoidance of systemic 

risks. 

Section 4d requires Futures 

Commission Merchants (‘‘FCMs’’) to 

register with the Commission. It further 

requires FCMs to segregate customer 

funds. Section 4f requires FCMs to 

maintain certain levels of capital. 

Section 4g establishes reporting and 

recordkeeping requirements for FCMs. 

Section 4s(j)(2) of the CEA requires each 

Swap Dealer (‘‘SD’’) and Major Swap 

Participant (‘‘MSP’’) to have risk 

management systems adequate for 

managing its day-to-day business. 

Section 4s(j)(4) requires each SD and 

MSP to have internal systems and 

procedures to obtain any necessary 

information to perform any of the 

functions set forth in Section 4s. 

Pursuant to these provisions, the 

Commission adopted Commission 

regulation 1.73 which applies to 

clearing members that are FCMs and 

Commission regulation 23.609 which 

applies to clearing members that are SDs 


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8928 Federal Register / Vol. 90, No. 22 / Tuesday, February 4, 2025 / Notices 

2 77 FR 21278 (Apr. 9, 2012). 3 17 CFR 145.9. 

or MSPs.2 These provisions require 

these clearing members to have 

procedures to limit the financial risks 

they incur as a result of clearing trades 

and liquid resources to meet obligations. 

The regulations require clearing 

members, who are FCMs, SDs, or MSPs 

to: (1) establish risk-based limits based 

on position size, order size, margin 

requirements, or similar factors, and for 

FCMs, risk-based limits must be 

established for the proprietary account 

and in each customer account; (2) 

screen orders for compliance with the 

risk-based limits; (3) monitor for 

adherence to the risk-based limits intraday and overnight; (4) conduct stress 

tests under extreme but plausible 

conditions of all positions at least once 

per week, and for FCMs, the stress tests 

must be conducted for all positions in 

the proprietary account and in each 

customer account that could pose 

material risk to the FCM; (5) evaluate its 

ability to meet initial margin 

requirements at least once per week; (6) 

evaluate its ability to meet variation 

margin requirements in cash at least 

once per week; (7) evaluate its ability to 

liquidate the positions it clears, in an 

orderly manner, and estimate the cost of 

the liquidation, and for FCMs, the 

evaluation must be done at least once 

per quarter and conducted for all 

positions in the proprietary and 

customer accounts; and (8) test all lines 

of credit at least once per year. 

Each of these items has been observed 

by Commission staff as an element of an 

existing sound risk management 

program at an FCM, SD, or MSP. The 

Commission regulations require each 

FCM, SD, or MSP clearing member to 

establish written procedures to comply 

with these regulations and to keep 

records documenting its compliance. 

The information collection obligations 

imposed by the regulations are 

necessary to implement certain 

provisions of the CEA, including 

ensuring that registrants exercise 

effective risk management and for the 

efficient operation of trading venues 

among FCMs, SDs, and MSPs that are 

clearing members, in order to maintain 

financial stability at derivatives clearing 

organizations (‘‘DCOs’’). 

With respect to the 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. 

All comments must be submitted in 

English, or if not, accompanied by an 

English translation. Comments will be 

posted as received to https://

www.cftc.gov. You should submit only 

information that you wish to make 

available publicly. If you wish for the 

Commission to consider information 

that you believe is exempt from 

disclosure under the Freedom of 

Information Act (‘‘FOIA’’), a petition for 

confidential treatment of the exempt 

information may be submitted according 

to the procedures established in § 145.9 

of the Commission Regulations.3

The Commission reserves the right, 

but shall have no obligation, to review, 

pre-screen, filter, redact, refuse or 

remove any or all of your submission 

from https://www.cftc.gov that it may 

deem to be inappropriate for 

publication, such as obscene language. 

All submissions that have been redacted 

or removed that contain comments on 

the merits of the Information Collection 

Request will be retained in the public 

comment file and will be considered as 

required under the Administrative 

Procedure Act and other applicable 

laws, and may be accessible under 

FOIA. 

Burden Statement: The Commission 

is revising its estimate of the burden for 

this collection of information for 

clearing members of DCOs who are 

FCMs, SDs, and MSPs. The respondent 

burden for this collection is estimated to 

be as follows: 

Estimated Number of Respondents: 

168 (62 Clearing Member FCMs and 106 

Clearing Member SDs). 

Estimated Average Burden Hours per 

Respondent: 504 hours. 

Estimated Total Annual Burden 

Hours: 84,672 hours. 

Frequency of Collection: As needed. 

There are no capital costs or operating 

and maintenance costs associated with 

this collection. 

(Authority: 44 U.S.C. 3501 et seq.) 

Dated: January 30, 2025. 

Robert Sidman, 

Deputy Secretary of the Commission. 

[FR Doc. 2025–02201 Filed 2–3–25; 8:45 am] 

BILLING CODE 6351–01–P 

DEPARTMENT OF EDUCATION 

Withdrawal of Notice Inviting 

Applications and Cancellation of the 

Competition for the Expanding 

Opportunity Through Quality Charter 

Schools Program (CSP)—Grants to 

State Entities 

AGENCY: Office of Elementary and 

Secondary Education, Department of 

Education. 

ACTION: Notice; withdrawal. 

SUMMARY: The Department of Education 

(Department) withdraws the notice 

inviting applications (NIA) for fiscal 

year (FY) 2025 for CSP Grants to State 

Entities. 

DATES: The NIA published in the 

Federal Register on January 21, 2025 

(90 FR 7104), is withdrawn and the 

competition cancelled as of February 4, 

2025. 

FOR FURTHER INFORMATION CONTACT: 

Sareeta Schmitt, U.S. Department of 

Education, 400 Maryland Avenue SW, 

Washington, DC 20202–5970. 

Telephone: (202) 205–0730. Email: SE_

Competition@ed.gov. 

If you are deaf, hard of hearing, or 

have a speech disability and wish to 

access telecommunications relay 

services, please dial 7–1–1. 

SUPPLEMENTARY INFORMATION: On 

January 21, 2025, the Department 

published NIAs for two programs in the 

CSP in the Federal Register, one of 

which is for the FY 2025 CSP Grants to 

State Entities (SE grants), Assistance 

Listing Number (ALN) 84.282A. The 

Department is withdrawing this NIA as 

part of a comprehensive review of 

recently published FY 2025 CSP NIAs. 

This reevaluation aims to ensure that all 

priorities and requirements for the FY 

2025 CSP competitions align with the 

program priorities set by the Trump 

Administration, comply with Executive 

orders issued since January 20, 2025, 

and promote consistency across all CSP 

grant programs. The Department has 

also determined that aligning all CSP 

grant competitions will ensure greater 

impact on students and families. 

Additionally, alignment of CSP 

priorities will increase the economic 

impact of the Federal education funds 

awarded for the CSP. 

The Department intends to announce 

a new NIA for SE grants, ALN 84.282A 


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