Proposed Amendments to Minneapolis Grain Exchange Barley Futures Contract

COMMODITY FUTURES TRADING COMMISSION

Proposed Amendments to Minneapolis Grain Exchange Barley Futures

Contract

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice of availability of proposed amendments.

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SUMMARY: The Minneapolis Grain Exchange (MGE or Exchange) has proposed

amendments to Minneapolis Grain Exchange barley futures contract. The

primary amendment will change the par delivery location for barley from

Tulare, California, to Portland, Oregon. Another amendment will provide

the issuers of barley shipping certificates the opportunity to declare

unit train delivery. The proposal was submitted under the Commission's

45-day Fast Track procedures. 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 November 21, 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 MGE barley.

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, 20581, telephone

(202) 418-5274. Facsimile number: (202) 418-5527. Electronic mail:

[email protected].

SUPPLEMENTARY INFORMATION:The proposed amendments were submitted

pursuant to the Commission's Fast Track procedures for streamlining the

review of futures contract rule amendments (62 FR 10434). Under those

procedures, the proposal, absent any contrary action by the Commission,

may be deemed approved at the close of business on December 15, 1997,

45 days after receipt of the proposal. 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 proposals submitted under the regular review procedures.

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 on the CFTC website at www.cftc.gov under ``What's

Pending''.

Other materials submitted by the MGE 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 materials should be made to the FOI, Privacy and Sunshine Act

Compliance Staff of the Office of

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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 MGE, 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 October 31, 1997.

John R. Mielke,

Acting Director.

[FR Doc. 97-29355 Filed 11-5-97; 8:45 am]

BILLING CODE 6351-01-P