Chicago Board of Trade Futures Contracts in Corn and Soybeans; Notice That Delivery Point Specifications Must Be Amended

COMMODITY FUTURES TRADING COMMISSION

Chicago Board of Trade Futures Contracts in Corn and Soybeans;

Notice That Delivery Point Specifications Must Be Amended

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice of public meeting.

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TIME AND DATE: 2:00-5:00 p.m., Thursday, June 12, 1997.

PLACE: 1155 21st St., N.W., Washington, D.C. Lobby Level Hearing Room

located at Room 1000.

STATUS: Open.

SUMMARY: Notice is hereby given that the Commodity Futures Trading

Commission (``Commission'') will convene a public meeting at which the

Chicago Board of Trade (``CBT'') and interested members of the public

may appear before it to give oral and written statements relating to

the Commission's consideration of amendments proposed by the CBT to the

delivery specifications of the CBT corn and soybean futures contracts.

ADDRESSES: Requests to appear and statements of interest should be

mailed to the Commodity Futures Trading Commissions, Three Lafayette

Centre, 1155 21 Street, N.W., Washington, D.C. 20581, attention Office

of the Secretariat; transmitted by facsimile at (202) 418-5521; or

transmitted electronically to [[email protected]]. Reference should be

made to ``Delivery Specifications Meeting.''

FOR FURTHER INFORMATION CONTACT: Paul M. Architzel, Chief Counsel,

Division of Economic Analysis, Commodity Futures Trading Commission,

Three Lafayette Centre, 1155 21st Street, N.W., Washington, D.C. 20581,

(202) 418-5260, or electronically, [PA[email protected]].

SUPPLEMENTARY INFORMATION: By letter dated May 8, 1997, the CBT

requested an opportunity to appear before the

[[Page 29108]]

Commission in connection with the Commission's consideration of

amendments to the delivery specifications of the corn and soybean

futures contracts proposed by the CBT. The proposed amendments were

submitted in response to a notification to the CBT by the Commission

finding that those contracts no longer meet the statutory requirements

of section 5a(a)(10) of the Commodity Exchange Act. 61 F.R. 67998

(December 26, 1996). The Commission has requested comment from

interested members of the public on issues raised by the proposed

amendments. The comment period will remain open until June 16, 1997. 62

FR 19992 (April 24, 1997).

The Commission is of the view that, in addition to the receipt of

written comments, an opportunity for the CBT and interested members of

the public to appear before it will assist it in its consideration of

these issues and is in the public interest. Accordingly, the Commission

will convene a public meeting on June 12, 1997, for that purpose.

In its request for comment, 62 FR 12156 (March 14, 1997), the

Commission described the four alternatives included in the original

section 5a(a)(10) notification to the CBT and the CBT's proposed

amendments to the contracts' delivery specifications. The Commission

also posed a number of questions. 62 FR at 12158. Persons appearing

before the Commission are invited specifically to address those

questions and to provide relevant factual data.

All individuals or organizations wishing to appear before the

Commission should submit to the Commission at the above address, by

June 5, 1997, a concise statement of interest and qualifications and a

brief summary or abstract of the content of his or her statement. The

Commission will invite a representative number of individuals or

organizations to appear from those submitting such statements. A

transcription of the meeting will be made and entered into the

Commission's public comment files, which as noted above, will remain

open for the receipt of written comment until June 16, 1997.

Issued in Washington, D.C., this 22nd day of May 1997.

By the Commodity Futures Trading Commission.

Jean A. Webb,

Secretary of the Commission.

[FR Doc. 97-14038 Filed 5-28-97; 8:45 am]

BILLING CODE 6351-01-M