[Federal Register Volume 64, Number 250 (Thursday, December 30, 1999)]
[Notices]
[Pages 73524-73525]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-33993]


=======================================================================
-----------------------------------------------------------------------

COMMODITY FUTURES TRADING COMMISSION


Applications of the Chicago Mercantile Exchange for Designation 
as a Contract Market in South Eastern, South Western and Western 
Oriented Strand Board Futures and Options

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice of availability of terms and conditions of proposed 
commodity futures and options contracts.

-----------------------------------------------------------------------

SUMMARY: The Chicago Mercantile Exchange (CME or Exchange) has applied 
for designation as a contract market in South Eastern Oriented Strand 
Board, South Western Oriented Strand Board and Western Oriented Strand 
Board futures and options. The proposals were 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.

DATE: Comments must be received on or before January 14, 2000.

ADDRESS: Interested persons should submit their views and comments to 
Jean A. Webb, Secretary, Commodity Futures Trading Commission, Three 
Lafayette Centre, 1155 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 CME Oriented Strand Board (OSB) futures 
and option contracts.

FOR FURTHER INFORMATION, CONTACT: Please contact John Forkkio of the 
Division of Economic Analysis, Commodity Futures Trading Commission, 
Three Lafayette Centre, 1155 21st Street NW, Washington, DC (202) 418-
5281. Facsimile number: (202) 418-5527. Electronic mail: 
[email protected].

SUPPLEMENTARY INFORMATION: The designation applications were submitted 
pursuant to the Commission's Fast Track procedures for streamlining the 
review of futures contract rule amendments and new contract approvals 
(62 FR 10434). Under those procedures, the proposals, absent any 
contrary action by the Commission, may be deemed approved at the close 
of business on February 7, 2000, 45 days after receipt of the 
proposals. In view of the limited review period 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 terms and conditions will be available for inspection 
at the Office of the Secretariat, Commodity Futures Trading Commission, 
Three Lafayette Centre, 1155 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 New & Pending''.
    Other materials submitted by the CME 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 (1997)), 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 
C.F.R. 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 Street NW, Washington, DC 20581 by the 
specified date.


[[Page 73525]]


    Issued in Washington, DC, on December 27, 1999.
John R. Mielke,
Acting Director.
[FR Doc. 99-33993 Filed 12-29-99; 8:45 am]
BILLING CODE 6351-01-P