[Federal Register Volume 62, Number 138 (Friday, July 18, 1997)]
[Notices]
[Pages 38521-38522]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-18957]


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COMMODITY FUTURES TRADING COMMISSION


Chicago Mercantile Exchange Proposed Futures and Option Contracts 
on Cheddar Cheese Blocks

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 Mercantile Exchange (CME or Exchange) has applied 
for designation as a contract market in futures and futures options on 
cheddar cheese blocks. 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 proposal for comment is in the public interest, will 
assist the Commission in considering the views of interested persons, 
and is consistent with the purposes of the Commodity Exchange Act.

DATES: Comments must be received on or before August 4, 1997.

ADDRESSES: Interested persons should submit their views and comments to 
Jean A. Webb, Secretary, Commodity Futures Trading Commission, Three 
Lafayette Centre, 1155 21st St., NW, Washington, DC 20581. In addition, 
comments may be sent by facsimile transmission to (202) 418-5521 or by 
electronic mail to [email protected]. Reference should be made to the 
Chicago Mercantile Exchange cheddar cheese blocks futures and option 
contracts.

FOR FURTHER INFORMATION CONTACT: Please contact Fred Linse of the 
Division of Economic Analysis, Commodity Futures Trading Commission, 
Three Lafayette Centre, 1155 21st St., NW, Washington, DC 20581, 
telephone 202-418-5273. Facsimile number (202) 418-5527. Electronic 
mail [email protected].

SUPPLEMENTARY INFORMATION: The contracts were submitted pursuant to the 
Commission's 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 August 25, 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

[[Page 38522]]

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, 1155 21st St., NW, Washington, D.C. 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 CME in support of the application 
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 
the 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 CME, should send such comments to Jean 
A. Webb, Secretary, Commodity Futures Trading Commission, Three 
Lafayette Centre, 1155 21st St., NW, Washington, DC 20581 by the 
specified date.

    Issued in Washington, DC, on July 14, 1997.
John R. Mielke,
Acting Director.
[FR Doc. 97-18957 Filed 7-17-97; 8:45 am]
BILLING CODE 6351-01-P