Baylor University Poage Library

Box 27 - 29


Fowler C. West Papers

Series :CFTC

Sub-series :Commission Subjects

Boxes 27 - 29 :71 folders

Box

File

Folder Title

Folder Sub-title

Notes and Publications

Year

27

265

MidAmerica Commodity Exchange (MACE)

Soybean Futures

MemofromThe Division of Trading and Markets,the Division of Economic Analysis.RE Application ofthe MACEfor designation as a contract market to trade optionson Soybean Futurescontracts.02/22/85.

1985

27

266

MidAmerica Commodity Exchange (MACE)

Soybean Meal Futures

MemofromThe Division of Economic Analysis.RE Application ofthe MACE for designation as a contract marketto trade optionson Soybean Meal Futures contracts.03/20/85.

1985

27

267

Managed Accounts

Bunched Order Executions

Report :IssuesRelated to Allocation of BunchedOrder Executions for Managed Accounts.Report, two copies.

1991

27

268

Manipulation

Futures Market

Article :Manipulationof Futures Markets: Redefiningthe Offense.Wendy Collins Perdue. FordhamLaw Review.Vol. 56, 1987.

1987

27

269

Manipulation

Commodities Market

Paper :Manipulation in Commodities Markets: Lawand Public Policy.Barry J. Mandel.For presentation at a conference.1990.

1990

27

270

Margins

MarginsShortpaperon important issues. 1989.

MemoFrom:Paula Tosini and Al McGartland, Special Assistantto the Chairman.RE Study onMargin Requirements and Stock MarketVolatility.FRBNY review article. 11/04/88.

Paper :Much Ado About Margins by William P. Albrecht, CFTCCommissioner.

Treasury News :Remarks of the Honorable Robert R. Glauber onBroker- Dealer Regulation. 01/11/90.

Articles :

-Stock Index Futures Margins.12/18/89.

-Sixshort articles on Margins.Futures Margins vs. SecuritiesMargins. Karsten Mahlmann, Chairman CBOT. 1988.

-Stock Index Futures Marginsas a Percentage of Contract Value.01/23/90

Report :Report on the Regulation of Futures Markets.Congressionalreport for the Subcommittee on Domestic Monetary Policy. 08/88.

1982-1990

27

271

Market Reform Act

LetterfromJohn DingelltoCharlesBowsher, Comptroller General, GAO RE Implementation oftheMarket ReformAct.07/22/92

Four letters regardingthe Market Reform Act

1990-1992

27

272

Minneapolis Grain Exchange (MGE)

Rule Enforcement Review

News Release announcing the notification of theMGE of the results of a rule enforcement review. 12/28/84.RuleEnforcement Review of the Minneapolis Grain Exchange(attached to above).CFTC.12/12/84.

1984

27

273

Minneapolis Grain Exchange (MGE)

High Fructose Corn Syrup Futures

Memos

-FromDivision of Tradingand Markets.RE Applicationof the MGE for designation as a contract market in High Fructose CornSyrup-55futures contracts.03/02/87.

From: Division of Economic Analysis.RE Applicationof the MGE for designation as a contract market in High Fructose CornSyrup-55futures contracts and proposed Exchange rules 1801 through 1823.03/02/87.

1987

27

274

Minneapolis Grain Exchange (MGE)

Enforcement Review

MemofromDivision of Tradingand MarketsREFollow-uprule enforcement review of the MGE.03/21/90.

Attached:Follow-up Rule Enforcement Review of theMinneapolisGrain Exchange .CFTC.03/27/90.

1990

27

275

Monographs

Economic Analysisof Price Manipulation

Paper :Economic Analysisof Price ManipulationUnder the Commodity Exchange Act, 1945-1974.Aaron C. Johnson. 94p. 1976.

1976

27

276

Monographs

CoffeeCFutures and the CFTC.

Paper :CoffeeCFutures and the CFTC.13p.1977.

1976

27

277

Monographs

The Aftermath of Hunt

Paper :The Aftermath of Hunt:A New Look atSpeculation, Manipulation, and the Regulation of the Futures Industry.Barclay Leib.206p. 1981.

1981

27

278

Monographs

The Economics of Performance Margins

Paper :The Economics of PeformanceMargins inFutures Markets: A History of Margin Changes at the Chicago Board of Trade.Kahl, Rutz, and Sinquefield.51p. 1981.

1982

27

279

Monographs

Impact of Futures Markets

Paper :The Impact of Futures Markets on the WorldEconomy.Clayton Yuetter.17p. (1982).

1982

27

280

Monographs

Enforcement Systems/ Duties of SRO s

Memo:To CommissionersHineman and West.FromSusanPhillips.RE Two research papers submitted by Tom Loughran.08/30/83.

Attached: State Relationships and Enforcement Systems. Dutiesof CFTC-regulated SRO s compared to SEC-regulated SRO s. 29p.1983.

1983

27

281

Monographs

Analysis of Manipulation

Paper :A Legal and Economic Analysis of Manipulationin Futures Markets.Linda Edwards and Franklin Edwards.59p.1984.

1984

27

282

Monographs

Risk Management

Paper :Risk Management: An Overview for the NextDecade. Clayton Yuetter. 7p.1984.

1984

27

283

Monographs

An Investigation of Soybean Futures Trading.

Paper :An Investigation of Soybean Futures Trading.American Soybean Association.30p.1985.

1985

27

284

Monographs

Futures Market Regulation.

Paper :The Political Economy of Futures MarketRegulation.Peter Pashigian.49p.(1985).

1985

27

285

Monographs

Expiration Day Effects of Index Options

Memo:From Paula Tosini, Division of EconomicAnalysis.REStudy by Hans Stoll of Stock Index Futures ExpirationDay Experience.

AttachedPaper : Expiration Day Effects of Index Options andFutures: Summary and Conclusions of the Empirical Analysis and an Examinationof Proposed Changes in Expiration Procedures.Hans Stoll. 17p.03/15/86.

1986

28

287

Monographs

The Role of Index Related Trading

Paper :The Role of Index Related Trading in theMarket Decline on September 11 and 12, 1986.Securities and ExchangeCommission (SEC). 65p.03/86.

1986

28

288

Monographs

Securities and Commodities Fraud.

Paper :Securities and Commodities Fraud.MichaelSeitzinger.22p.04/17/86

1987

28

289

Monographs

Investment Fraud

Paper :Investment Fraud: Current Problems in Regulationand Enforcement.John Barker. American Association of Retired Persons.34p.12/88.

1988

28

290

Monographs

Foreign Currency Futures at the CME/IMM.

Paper :Foreign Currency Futures at the CME/IMM.29p.(1988).

1988

28

291

Monographs

The Shape of Things to Come.

Paper :The Shape of Things to Come.Leo Melamed.11p. 1988

1988

28

292

Monographs

U.S. Agriculture in a Global Setting

Paper :U.S. Agriculture in a Global Setting-An Agenda for the Future.Ed. Tutweiler. 29p. 1988.

1988

28

293

Monographs

Transactional Risk, Market Crashes

Paper :Transactional Risk, Market Crashes, andthe Role of Circuit Breakers.Greenwald and Stein. 29p. 1989.

1989

28

294

Monographs

Market Squables:SEC v.CFTC.

Paper :Market Squables: SEC v.CFTC.CharlesSeeger. 11p. 06/13/90.

1990

28

295

Monographs

The Inefficacy of Speculative Position Limits.

Paper :The Inefficacy of Speculative PositionLimits.Robert Easton. 8p. (1991).

1991

28

296

Monographs

Predictability of S&P 500 Index Basis Change.

Paper :Predictability of S&P 500 Index BasisChanges: Arbitrage-Induced or Statistical Illusion?Merton Miller, etal.45p.06/26/91.

1991

28

297

National Treatment Study

1990 edition

MemofromThe Division of Trading and Markets.RE Publication ofthe 1990 edition of the National TreatmentStudy.

AttachedPaper :National Treatment Study- Report to Congresson Foreign Government Treatment of U.S. Commercial Bankingand SecuritiesOrganizations.Department of the Treasury.28p. 1990.

1991

28

298

North American Securities Administrators Association, Inc.(NASAA).

Investor Alert: Commodity Investments

Paper :Investor Alert: Commodity Investments.NASAA.4p. 1984.

1984

28

299

NASAA

Conference Preregistration List

NASAA Conference Preregistration List.Sixth AnnualConference, Calgary, Alberta. 1985.

1984

28

300

NASAA

Commodity Pool Advisory Committee

CorrespondenceToMark HoldermanFromMichael SackheimRE NASAA Commodity Pool Advisory Committee.04/03/89.

1989

28

301

NASAA

Commodity Pool Guidelines

Amendmentsproposed to the NASAA Statement of Policyon Registration of CommodityPool Programs.Omnibus Guideline Committee.02/27/90.

1990

28

302

National Futures Association (NFA)

Registration

MemoFrom: Theodore W. UrbanTo:CommissionerWestRE NFA.11/12/82.

Attached to memo: NFA Order Granting Registrationand Approving Rules.81p.09/21/94.

Application Guide: NFA Membership and CFTC Registration.28p.1982.

1982

28

303

NFA

Briefing

Memos:

-From Commissioner WestToCommissionersRE NFA sDevelopment of Discretionary Account and General Sales Practices Rules.01/23/85.

-FromCommission of Trading and Markets et al.RE Reporton National Futures Association.01/14/85.

Correspondence:

-FromMichael Unger, Office of the Secretary of State, Massachusetts ToCommissioner William SealeRE Customer suitability standards forFCM s.02/22/85.

-Four rough draft notes from Fowler West .01/24/85.

-From: Robert WilmouthTo Andrea CorcoranRE NFAMonthly Status Report.01/10/85.

-From Fowler WesttoMichael Unger, Office of the Secretaryof State, MassachusettsRE William Seale letter.03/06/85.

-From: Andrea Corcoranto Clayton Yuetter.01/18/85

Report :December 1984 National FuturesAssociation StatusReport.10p. 1985.

1985

28

304

NFA

Meeting

NFA meeting with Jeph Harrison, outline of topicsdiscussed.04/10/85.

1985

28

305

NFA

Compliance Rule 2-30:

Compliance Rule 2-30:Customer Information andRisk Disclosure.1p. 1985.

1985

28

306

NFA

Regulatory Report

MemoFromPaula Tosini,Division of EconomicAnalysisRERecommendation that the Commission approve the attacheddraft Federal Register release amending Parts 16, 17, 18, 19, and 21 ofthe Commission s reporting requirements.01/08/86.

CorrespondenceTo Fowler WestFromRobert WilmouthRENFA goals.02/18/86.

1986

28

308

NFA

Disciplinary Action/ Fredrick Horn

Matter of Frederick Horn before the CFTC, in responseto the requestthat the commission institute review of the NFA s FinalOrder Restricting Registration.

1987

28

309

NFA

Review of the Registration Fitness Program

MemoFromThe Division of Tradingand MarketsREReview of the Registration Fitness Program of the NFA.07/19/89.

Attached: The review of the Registration Fitness Programof the NFA.07/19/89.

1989

29

310

NFA

Clearinghouse Press Conference

Remarks :Robert Wilmouth s remarks for the ClearinghousePress Conference.09/19/91.

1991

29

311

NFA

Disciplinary Information Access LineDIAL.

Phone :1-800-676-4NFA: Disciplinary InformationAccess Line.Futures Investor s 1st One-Stop Background Check.09/19/91.

1991

29

312

NFA

Supervision of Telemarketing Activities

Correspondence:

-FromWayne Klein, Department of Finance, Idaho ToJean WebbRE Proposed NFA rule regarding supervision of certaintelemarketing activities.11/19/92.

-FromJohn Perkins, Commissioner of Securities,Missouri. to JeanWebbREProposed NFA rule regarding supervision of certain telemarketingactivities.11/19/92.

-FromRichard Latham, Securities Commissioner, Texas toJeanWebbRE Proposed NFA rule regarding supervision of certain telemarketingactivities.11/19/92.

-From: Thomas Sayles, Commissioner of Corporations, Califorina ToJean WebbRE Proposed NFA rule regarding supervision of certaintelemarketing activities.11/17/92.

1992

29

313

New York Cotton Exchange (NYCE)

Five Year U.S. Treasury Notes Futures

Memos:

-From The Division of Economic AnalysisREThe applicationof the NYCE for designation as a contract market to trade futures contractson the five year U.S. Treasury notes. 04/13/87.

-From The Division of Trading and MarketsRE The applicationof the NYCE for designation as a contract market to trade futures contractson the five year U.S. Treasury notes.04/14/87.

1987

29

314

NYCE

Citrus Associates/ Frozen Concentrated Juice Futures.

Memos:

-FromDivision of Trading and MarketsREApplicationof the Citrus Associates of the NYCE for designation as a contract marketin Frozen Concentrated Orange Juice-2 ( FCOJ-2 ) Futures Contracts.03/16/90

-FromThe Division of Economic AnalysisREApplicationof the Citrus Associates of the NYCE for designation as a contract marketin Frozen Concentrated Orange Juice-2 ( FCOJ-2 ) Futures Contracts, arelated proposed new by-law, and proposed amendmentsIncreasing the speculativelimits for the existingFrozen Concentrated Orange Juice-1Futures contract.03/19/90.

1990

29

315

NYCE

Cotlook World Cotton Futures and Options

Memos:

-FromThe Division of Economic AnalysisREApplicationof the NYCE for designation as a contract market in Cotlook World Futuresand options.09/04/92.

-From:The Division of Economic AnalysisREApplicationof the NYCE for designation as a contract market in Cotlook World Futuresand options.08/25/92.

1992

29

316

New York Futures Exchange (NYFE)

CRBF Price Index Futures

Memos :

-FromDivision of Trading and MarketsREApplicationof the NYFE for designation as a contract marketin optionson CommodityResearch Bureau Futures Price Index futures contracts.09/06/88.

-From:The Division of Economic AnalysisREApplicationof the NYFE for designation as a contract marketin optionson CommodityResearch Bureau Futures Price Index futures contracts.09/01/88.

1988

29

317

New York Mercantile Exchange (NYMEX)

Residual Fuel Oil Futures

Memos: -

-FromDivision of Trading and MarketsREApplicationof the NYMEX for designation as a contract marketin Residual Fuel OilFutures contracts.08/22/89.

-From:The Division of Economic AnalysisRE Applicationof the NYMEX for designation as a contract marketin Residual Fuel OilFutures contracts and approvalof proposed exchange rules 140.1-140.22,and approvalof proposed amendmentsto existingrules 9.26, 9.27, and9.34.08/14/89.

1989

29

318

NYMEX

Platinum Futures

Memos:

-FromDivision of Trading and MarketsRE Applicationof the NYMEX for designation as a contract marketin options on PlatinumFutures.01/11/90.

-FromThe Division of Economic AnalysisRE Applicationof the NYMEX for designation as a contract marketin options on PlatinumFutures.01/12/90.

1990

29

319

NYMEX

Sour Crude Oil Futures

Memos:

-From:Division of Trading and MarketsRE Applicationof the NYMEX for designation as a contract marketin Sour Crude Oil Futurescotracts.12/05/91.

-From:The Division of Economic AnalysisREApplicationof the NYMEX for designation as a contract marketin Sour Crude Oil Futurescotracts.12/06/91.

1991

29

320

NYMEX

UnleadedGasoline-Crude Oil Spread Option andHeating Oil-CrudeOil Spread Option Futures

Memos

-FromDivision of Trading and MarketsRE Applicationof the NYMEX for designation as a contract marketin UnleadedGasoline-CrudeOil Spread Option Contracts and in Heating Oil-Crude Oil Spread OptionContracts, and that the Committee approve proposed rules 340.01-340.08,and 350.01-350.08, and proposed amendments to rules 9.26 and 9.34.12/06/91.

-From:The Division of Economic AnalysisREApplicationof the NYMEX for designation as a contract marketin UnleadedGasoline-CrudeOil Spread Option Contracts and in Heating Oil-Crude Oil Spread OptionContracts,12/06/91.

1991

29

321

NYMEX

Regulatory Task Force Report and Recom-mendations

Report and Recommendations of the Regulatory ReviewTask Force.NYMEX publication.24p.05/09/89.

1989

29

322

NYMEX

Statementof PresidentThompson

Statement of R. Patrick Thompson, President NYMEX,before the US House of Representatives subcommittee on Energy and Power.The subject is oil prices after the invasion of Kuwait.01/09/91.

1991

29

323

New York Stock Exchange (NYSE)

Program Trading Impact on Financial Markets

NYSE News- Interaction Between Stocks and StockIndex Futures Seen UnderminingLong-Term Public Confidence in CapitalMarkets.5p.12/30/87.

Paper :An Overview of Program Trading and Its Impact on CurrentMarket Prices.Nicholas Katzenbach.40p. 12/21/87.

1987

29

324

NYSE

Phelan, CEO NYSE- Testimony Before Senate

Testimony Submitted for the RecordbyJohn Phelan,Jr.,CEO of the NYSE before the U.S. Senate Committee on Banking, Housing,and Urban Affairs.19p. 02/05/88.

1988

29

325

Off-Exchange

Task Force Interpretive Letter

CFTC Advisory announcing the issuing of the CFTC sOff-Exchange Task Force InterpretiveLetter No.88-12.07/26/88.

1988

29

326

Off-Exchange

Task Force Interpretive Letter

CFTC Advisory announcing the issuing of the CFTC sOff-Exchange Task Force InterpretiveLetter No.88-13.08/30/88.

1988

29

327

Off-Exchange

Task ForceInterpretive Letter

CFTC Advisory announcing the issuing of the CFTC sOff-Exchange Task Force InterpretiveLetter No.88-14.09/21/88.

1988

29

328

Off-Exchange

Task ForceInterpretive Letter

CFTC Advisory announcing the issuing of the CFTC sOff-Exchange Task Force InterpretiveLetter No.88-15.09/28/88.

1988

29

329

Off-Exchange

Transactions

Articles:

-Framework for Current Issues Regarding Off-Exchange Instruments.Paula Tosiniand Paul Architzel.05/12/87.

-Indexed Off-exchangeOptions.Robert Hiden and Donald Crenshaw.03/87.

-Can Indexed Debt Instruments Become Commodity Options?RobertDavis. 1987.

News Release regarding CFTC internal task force charged withstudying Off-exchange transactions.06/09/87.

News Release regarding staff reports on Off-exchange transactions.06/08/87.

1987

29

330

Office of the Postmaster General (OPM)

Guidelinesfor Competitive and Non-Competitive Appointments

Correspondence:

-FromDavid Pryor, Chairman of the Federal Services, Post Office, andCivil Service Subcommittee ToPaul Batemen, Deputy Assistant tothe President for ManagementRE Violations of GAO appointmentguidelines.11/04/92.

-FromEdward Gleiman, Staff DirectorTo Charles Bowser,Comptroller General, GAOREGAO investigations of above ruleviolations. 11/18/92.

1992

29

331

Options

Agriculture

Memo:FromJesse HelmsToPhilipJohnson REAgricultural options.04/19/82.

Attached: Agricultural Options Gain Support.CongressionalRecord.03/22/82.Agricultural Options: Choiceand Flexibility.Clayton Yuetter.9p.1982

1982

29

332

Option Contracts

Staff Report

Memos:

-FromSusan PhillipsTo Fowler WestREOptionsmaterials .

-From Andrea CorcoranRE Commission charges for Optionvs Futures contracts.1982.

Attached:Investments--Analysis and Management.30p.FinancialOptions and Futures in Portfolio Management.Susan Phillips.4p.1982. AComparison of Options and Futures in the Management of Portfolio Risk.Moriarty, Phillips, and Tosini.8p. 1981.

1981-1982

29

333

Options

MemoFrom: Susan PhillipsRe: Options,attachedpaper.12/16/83.

Attached:New Options Markets.Laurie S. Goodman.11p. 1983.AGeneral Introductory Discussion on Options.Paula Tosini.19p. 1983.

1983

29

334

Options

Pilot Program

Correspondence:From:Susan PhillipsToKika de la GarzaRE Pilot program in domestic exchange -tradedcommodity options.08/04/83.

Attached:Justification ofpilot program.29p.1983.

1983

29

335

Options

Seminar

Itinerary of Options Trading Seminar- included aresome of Fowler West s personal notes on the seminar.01/12/83.

Articles :

-Spreading Strategies- AMEX Call Options.24p. 1983.

-Opportunities in Options on U.S. Treasury Bond Futures.CBOT.28p.1983.

-Comparison of Options and Futures in the Management ofPortfolio Risk.Moriarty, Phillips, and Tosini.8p. 1981.

-Options on Comex Gold Futures.COMEX.44p.(1983).

1983


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