Applications of the Chicago Board of Trade for Designation as a Contract Market in Futures and Options on Medium Term Inflation Index U.S. Treasury Notes and Inflation Index U.S. Treasury Bonds

COMMODITY FUTURES TRADING COMMISSION

Applications of the Chicago Board of Trade for Designation as a

Contract Market in Futures and Options on Medium Term Inflation Index

U.S. Treasury Notes and Inflation Index U.S. Treasury Bonds

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice of availability of the terms and conditions of proposed

commodity futures and option contracts.

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SUMMARY: The Chicago Board of Trade (CBT or Exchange) has applied for

designation as a contract market in futures and options on medium term

inflation index U.S. Treasury notes and inflation index U.S. Treasury

bonds. 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 proposals for comment is in the public interest,

will assist the Commission in considering the views of interested

persons, and is consistent with the purpose of the Commodity Exchange

Act.

DATES: Comments must be received on or before May 12, 1997.

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 [email protected]. Reference

should be made to the CBT futures and options on medium term inflation

index U.S.

[[Page 20156]]

Treasury notes and inflation index U.S. Treasury bonds.

FOR FURTHER INFORMATION CONTACT: Please contact Stephen Sherrod of the

Division of Economic Analysis, Commodity Futures Trading Commission,

Three Lafayette Centre, 21st Street NW, Washington, DC 20581, telephone

(202) 418-5277. Facsimile number: (202) 418-5527. Electronic mail:

[email protected]

SUPPLEMENTARY INFORMATION: The contracts were submitted pursuant to the

Commission's new Fast Track procedures for streamlining the review of

applications for contract market designation (62 FR 10434). Under those

procedures, the contracts, absent any contrary action by the

Commission, may be deemed approved on June 2, 1997, 45 days after

receipt of the applications. In view of the limited review period

provided under the Fast Track procedures, the Commission has determined

to publish for public comment notice of the availability of the terms

and conditions for 15 days, rather than 30 days as provided for

applications submitted under the regular review procedures.

Copies of the terms and conditions 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 terms and conditions 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 on the CFTC website at www.cftc.gov under ``What's

Pending''.

Other materials submitted by the CBT in support of the applications

for contract market designation 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 materials 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 terms and conditions, or with respect to

other materials submitted by the CBT, should send such comments to Jean

A. Webb, Secretary, Commodity Futures Trading Commission, Three

Lafayette Centre, 21st Street NW, Washington, DC 20581 by the specified

date.

Issued in Washington, DC, on April 21, 1997.

John Mielke,

Acting Director.

[FR Doc. 97-10710 Filed 4-24-97; 8:45 am]

BILLING CODE 6351-01-P