80_FR_32294 80 FR 32186 - New Postal Product

80 FR 32186 - New Postal Product

POSTAL REGULATORY COMMISSION

Federal Register Volume 80, Issue 108 (June 5, 2015)

Page Range32186-32187
FR Document2015-13751

The Commission is noticing a recent Postal Service filing concerning an addition of Priority Mail Contract 124 to the competitive product list. This notice informs the public of the filing, invites public comment, and takes other administrative steps.

Federal Register, Volume 80 Issue 108 (Friday, June 5, 2015)
[Federal Register Volume 80, Number 108 (Friday, June 5, 2015)]
[Notices]
[Pages 32186-32187]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-13751]


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POSTAL REGULATORY COMMISSION

[Docket Nos. MC2015-53 and CP2015-81; Order No. 2524]


New Postal Product

AGENCY: Postal Regulatory Commission.

ACTION: Notice.

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SUMMARY: The Commission is noticing a recent Postal Service filing 
concerning an addition of Priority Mail Contract 124 to the competitive 
product list. This notice informs the public of the filing, invites 
public comment, and takes other administrative steps.

DATES: Comments are due: June 8, 2015.

ADDRESSES: Submit comments electronically via the Commission's Filing 
Online system at http://www.prc.gov. Those who cannot submit comments 
electronically should contact the person identified in the FOR FURTHER 
INFORMATION CONTACT section by telephone for advice on filing 
alternatives.

FOR FURTHER INFORMATION CONTACT: David A. Trissell, General Counsel, at 
202-789-6820.

SUPPLEMENTARY INFORMATION:

Table of Contents

I. Introduction
II. Notice of Commission Action
III. Ordering Paragraphs

I. Introduction

    In accordance with 39 U.S.C. 3642 and 39 CFR 3020.30 et seq., the 
Postal Service filed a formal request and associated supporting 
information to add Priority Mail Contract 124 to the competitive 
product list.\1\
---------------------------------------------------------------------------

    \1\ Request of the United States Postal Service to Add Priority 
Mail Contract 124 to Competitive Product List and Notice of Filing 
(Under Seal) of Unredacted Governors' Decision, Contract, and 
Supporting Data, May 29, 2015 (Request).
---------------------------------------------------------------------------

    The Postal Service contemporaneously filed a redacted contract 
related to the proposed new product under 39 U.S.C. 3632(b)(3) and 39 
CFR 3015.5. Id. Attachment B.
    To support its Request, the Postal Service filed a copy of the 
contract, a copy of the Governors' Decision authorizing the product, 
proposed changes to the Mail Classification Schedule, a Statement of 
Supporting Justification, a certification of compliance with 39 U.S.C. 
3633(a), and an application for non-public treatment of certain 
materials. It also filed supporting financial workpapers.

II. Notice of Commission Action

    The Commission establishes Docket Nos. MC2015-53 and CP2015-81 to

[[Page 32187]]

consider the Request pertaining to the proposed Priority Mail Contract 
124 product and the related contract, respectively.
    The Commission invites comments on whether the Postal Service's 
filings in the captioned dockets are consistent with the policies of 39 
U.S.C. 3632, 3633, or 3642, 39 CFR part 3015, and 39 CFR part 3020, 
subpart B. Comments are due no later than June 8, 2015. The public 
portions of these filings can be accessed via the Commission's Web site 
(http://www.prc.gov).
    The Commission appoints Kenneth R. Moeller to serve as Public 
Representative in these dockets.

III. Ordering Paragraphs

    It is ordered:
    1. The Commission establishes Docket Nos. MC2015-53 and CP2015-81 
to consider the matters raised in each docket.
    2. Pursuant to 39 U.S.C. 505, Kenneth R. Moeller is appointed to 
serve as an officer of the Commission to represent the interests of the 
general public in these proceedings (Public Representative).
    3. Comments are due no later than June 8, 2015.
    4. The Secretary shall arrange for publication of this order in the 
Federal Register.

    By the Commission.
Shoshana M. Grove,
Secretary.
[FR Doc. 2015-13751 Filed 6-4-15; 8:45 am]
 BILLING CODE 7710-FW-P



                                                    32186                            Federal Register / Vol. 80, No. 108 / Friday, June 5, 2015 / Notices

                                                    interests of the general public in these                compliance with 39 U.S.C. 3633(a), as                  POSTAL REGULATORY COMMISSION
                                                    proceedings (Public Representative).                    required by 39 CFR 3015.5.
                                                                                                                                                                   [Docket Nos. MC2015–53 and CP2015–81;
                                                      3. Comments are due no later than                        The Postal Service also filed the                   Order No. 2524]
                                                    June 8, 2015.                                           unredacted Amendment and supporting
                                                      4. The Secretary shall arrange for                    financial information under seal. The                  New Postal Product
                                                    publication of this order in the Federal                Postal Service seeks to incorporate by
                                                    Register.                                               reference the Application for Non-                     AGENCY:   Postal Regulatory Commission.
                                                                                                            Public Treatment originally filed in this              ACTION:   Notice.
                                                      By the Commission.
                                                                                                            docket for the protection of information
                                                    Shoshana M. Grove,                                                                                             SUMMARY:   The Commission is noticing a
                                                                                                            that it has filed under seal. Id. at 1.
                                                    Secretary.
                                                                                                               The Amendment adjusts price                         recent Postal Service filing concerning
                                                    [FR Doc. 2015–13686 Filed 6–4–15; 8:45 am]              calculations for Priority Mail and                     an addition of Priority Mail Contract
                                                    BILLING CODE 7710–FW–P                                  Priority Mail Express during the                       124 to the competitive product list. This
                                                                                                            remaining contract years. Id.                          notice informs the public of the filing,
                                                                                                            Attachment A at 1–2. The Amendment                     invites public comment, and takes other
                                                    POSTAL REGULATORY COMMISSION                            also discusses discounts and price                     administrative steps.
                                                                                                            calculations for First-Class Package                   DATES: Comments are due: June 8, 2015.
                                                    [Docket No. CP2014–37; Order No. 2523]                  Service during the remaining contracts                 ADDRESSES: Submit comments
                                                                                                            years. Id. at 2.                                       electronically via the Commission’s
                                                    New Postal Product                                         The Postal Service intends for the                  Filing Online system at http://
                                                    AGENCY: Postal Regulatory Commission.                   Amendment to become effective one                      www.prc.gov. Those who cannot submit
                                                                                                            business day after the date that the                   comments electronically should contact
                                                    ACTION: Notice.                                                                                                the person identified in the FOR FURTHER
                                                                                                            Commission completes its review of the
                                                                                                            Notice. Notice at 1. The Postal Service                INFORMATION CONTACT section by
                                                    SUMMARY:   The Commission is noticing a
                                                                                                            asserts that the Amendment will not                    telephone for advice on filing
                                                    recent Postal Service filing concerning
                                                                                                            impair the ability of the contract to                  alternatives.
                                                    an amendment to Priority Mail Express,
                                                    Priority Mail & First-Class Package                     comply with 39 U.S.C. 3633. Id.                        FOR FURTHER INFORMATION CONTACT:
                                                    Service Contract 2 negotiated service                   Attachment B.                                          David A. Trissell, General Counsel, at
                                                    agreement. This notice informs the                      II. Notice of Filings                                  202–789–6820.
                                                    public of the filing, invites public                                                                           SUPPLEMENTARY INFORMATION:
                                                    comment, and takes other                                  The Commission invites comments on
                                                                                                            whether the changes presented in the                   Table of Contents
                                                    administrative steps.
                                                                                                            Postal Service’s Notice are consistent                 I. Introduction
                                                    DATES: Comments are due: June 8, 2015.                  with the policies of 39 U.S.C. 3632,                   II. Notice of Commission Action
                                                    ADDRESSES: Submit comments                              3633, or 3642, 39 CFR 3015.5, and 39                   III. Ordering Paragraphs
                                                    electronically via the Commission’s                     CFR part 3020, subpart B. Comments are
                                                    Filing Online system at http://                         due no later June 8, 2015. The public                  I. Introduction
                                                    www.prc.gov. Those who cannot submit                    portions of these filings can be accessed                In accordance with 39 U.S.C. 3642
                                                    comments electronically should contact                  via the Commission’s Web site (http://                 and 39 CFR 3020.30 et seq., the Postal
                                                    the person identified in the FOR FURTHER                www.prc.gov).                                          Service filed a formal request and
                                                    INFORMATION CONTACT section by                            The Commission appoints Lyudmila                     associated supporting information to
                                                    telephone for advice on filing                          Y. Bzhilyanskaya to represent the                      add Priority Mail Contract 124 to the
                                                    alternatives.                                           interests of the general public (Public                competitive product list.1
                                                                                                            Representative) in this docket.                          The Postal Service
                                                    FOR FURTHER INFORMATION CONTACT:
                                                                                                                                                                   contemporaneously filed a redacted
                                                    David A. Trissell, General Counsel, at                  III. Ordering Paragraphs                               contract related to the proposed new
                                                    202–789–6820.
                                                                                                              It is ordered:                                       product under 39 U.S.C. 3632(b)(3) and
                                                    SUPPLEMENTARY INFORMATION:                                1. The Commission reopens Docket                     39 CFR 3015.5. Id. Attachment B.
                                                    Table of Contents                                       No. CP2014–37 for consideration of                       To support its Request, the Postal
                                                                                                            matters raised by the Postal Service’s                 Service filed a copy of the contract, a
                                                    I. Introduction                                         Notice.                                                copy of the Governors’ Decision
                                                    II. Notice of Commission Action                                                                                authorizing the product, proposed
                                                    III. Ordering Paragraphs                                  2. Pursuant to 39 U.S.C. 505, the
                                                                                                            Commission appoints Lyudmila Y.                        changes to the Mail Classification
                                                    I. Introduction                                         Bzhilyanskaya to serve as an officer of                Schedule, a Statement of Supporting
                                                                                                            the Commission (Public Representative)                 Justification, a certification of
                                                       On May 29, 2015, the Postal Service
                                                                                                            to represent the interests of the general              compliance with 39 U.S.C. 3633(a), and
                                                    filed notice that it has agreed to an
                                                                                                            public in this proceeding.                             an application for non-public treatment
                                                    Amendment to the existing Priority Mail
                                                                                                              3. Comments are due no later than                    of certain materials. It also filed
                                                    Express, Priority Mail, & First-Class
                                                                                                            June 8, 2015.                                          supporting financial workpapers.
                                                    Package Service Contract 2 negotiated
asabaliauskas on DSK5VPTVN1PROD with NOTICES




                                                    service agreement approved in this                        4. The Secretary shall arrange for                   II. Notice of Commission Action
                                                    docket.1 In support of its Notice, the                  publication of this order in the Federal
                                                                                                            Register.                                               The Commission establishes Docket
                                                    Postal Service includes a redacted copy                                                                        Nos. MC2015–53 and CP2015–81 to
                                                    of the Amendment and a certification of                   By the Commission.
                                                                                                            Shoshana M. Grove,                                       1 Request of the United States Postal Service to
                                                      1 Notice of United States Postal Service of                                                                  Add Priority Mail Contract 124 to Competitive
                                                                                                            Secretary.
                                                    Amendment to Priority Mail Express, Priority Mail                                                              Product List and Notice of Filing (Under Seal) of
                                                    & First-Class Package Service Contract 2, with          [FR Doc. 2015–13714 Filed 6–4–15; 8:45 am]             Unredacted Governors’ Decision, Contract, and
                                                    Portions Filed Under Seal, May 29, 2015 (Notice).       BILLING CODE 7710–FW–P                                 Supporting Data, May 29, 2015 (Request).



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                                                                                      Federal Register / Vol. 80, No. 108 / Friday, June 5, 2015 / Notices                                                      32187

                                                    consider the Request pertaining to the                   (the ‘‘Commission’’) the proposed rule                  Shares are currently listed and traded
                                                    proposed Priority Mail Contract 124                      change as described in Items I and II                   on the Exchange under NYSE Arca
                                                    product and the related contract,                        below, which Items have been prepared                   Equities Rule 8.600.
                                                    respectively.                                            by the self-regulatory organization. The                   The Shares are offered by
                                                      The Commission invites comments on                     Commission is publishing this notice to                 AdvisorShares Trust (the ‘‘Trust’’), a
                                                    whether the Postal Service’s filings in                  solicit comments on the proposed rule                   statutory trust organized under the laws
                                                    the captioned dockets are consistent                     change from interested persons.                         of the State of Delaware and registered
                                                    with the policies of 39 U.S.C. 3632,                                                                             with the Commission as an open-end
                                                                                                             I. Self-Regulatory Organization’s
                                                    3633, or 3642, 39 CFR part 3015, and 39                                                                          management investment company.6 The
                                                                                                             Statement of the Terms of Substance of
                                                    CFR part 3020, subpart B. Comments are                                                                           investment adviser to the Fund is
                                                                                                             the Proposed Rule Change
                                                    due no later than June 8, 2015. The                                                                              AdvisorShares Investments, LLC (the
                                                    public portions of these filings can be                     The Exchange proposes to change a                    ‘‘Adviser’’). Sage Advisory Services Ltd.
                                                    accessed via the Commission’s Web site                   representation regarding investment in                  Co. (‘‘Sub-Adviser’’) is the Fund’s sub-
                                                    (http://www.prc.gov).                                    certain mortgage-related securities by                  adviser and provides day-to-day
                                                      The Commission appoints Kenneth R.                     the AdvisorShares Sage Core Reserves                    portfolio management of the Fund.
                                                    Moeller to serve as Public                               ETF. Shares of the AdvisorShares Sage                      According to the Registration
                                                    Representative in these dockets.                         Core Reserves ETF have been approved                    Statement, the Fund will seek to
                                                                                                             for listing and trading on the Exchange                 preserve capital while maximizing
                                                    III. Ordering Paragraphs                                 under NYSE Arca Equities Rule 8.600.                    income. Under normal market
                                                      It is ordered:                                         The text of the proposed rule change is                 conditions, the Sub-Adviser will seek to
                                                      1. The Commission establishes Docket                   available on the Exchange’s Web site at                 achieve the Fund’s investment objective
                                                    Nos. MC2015–53 and CP2015–81 to                          www.nyse.com, at the principal office of                by investing at least 80% of the Fund’s
                                                    consider the matters raised in each                      the Exchange, and at the Commission’s                   net assets in a variety of fixed income
                                                    docket.                                                  Public Reference Room.                                  securities issued by U.S. and foreign
                                                      2. Pursuant to 39 U.S.C. 505, Kenneth                                                                          issuers. Such fixed income securities
                                                                                                             II. Self-Regulatory Organization’s
                                                    R. Moeller is appointed to serve as an                                                                           will be U.S. dollar-denominated
                                                                                                             Statement of the Purpose of, and
                                                    officer of the Commission to represent                                                                           investment grade debt securities rated
                                                                                                             Statutory Basis for, the Proposed Rule
                                                    the interests of the general public in                                                                           Baa or higher by Moody’s Investors
                                                                                                             Change
                                                    these proceedings (Public                                                                                        Service, Inc. (‘‘Moody’s’’), or
                                                    Representative).                                            In its filing with the Commission, the               equivalently rated by Standard & Poor’s
                                                      3. Comments are due no later than                      self-regulatory organization included                   Ratings Services (‘‘S&P’’) or Fitch, Inc.
                                                    June 8, 2015.                                            statements concerning the purpose of,                   (‘‘Fitch’’), or, if unrated, determined by
                                                      4. The Secretary shall arrange for                     and basis for, the proposed rule change                 the Sub-Adviser to be of comparable
                                                    publication of this order in the Federal                 and discussed any comments it received                  quality.7 The Fund may retain a security
                                                    Register.                                                on the proposed rule change. The text                   if its rating falls below investment grade
                                                                                                             of those statements may be examined at                  and the Sub-Adviser determines that
                                                      By the Commission.
                                                                                                             the places specified in Item IV below.                  retention of the security is in the Fund’s
                                                    Shoshana M. Grove,
                                                                                                             The Exchange has prepared summaries,                    best interest. The Exchange notes that
                                                    Secretary.                                               set forth in sections A, B, and C below,
                                                    [FR Doc. 2015–13751 Filed 6–4–15; 8:45 am]
                                                                                                                                                                     the Fund’s investment portfolio of fixed
                                                                                                             of the most significant parts of such                   income securities will meet certain
                                                    BILLING CODE 7710–FW–P                                   statements.                                             criteria for index-based, fixed income
                                                                                                             A. Self-Regulatory Organization’s                       exchange-traded funds (‘‘ETFs’’)
                                                                                                             Statement of the Purpose of, and the                    contained in NYSE Arca Equities Rule
                                                    SECURITIES AND EXCHANGE                                                                                          5.2(j)(3), Commentary .02.8
                                                                                                             Statutory Basis for, the Proposed Rule
                                                    COMMISSION                                                                                                          The Fund may invest, among other
                                                                                                             Change
                                                    [Release No. 34–75087; File No. SR–                                                                              securities and financial instruments, in
                                                    NYSEArca–2015–46]                                        1. Purpose
                                                                                                                The Commission has approved a                        investment objectives and policies. In contrast, an
                                                    Self-Regulatory Organizations; NYSE                      proposed rule change relating to listing                open-end investment company that issues
                                                    Arca, Inc.; Notice of Filing and                                                                                 Investment Company Units, listed and traded on
                                                                                                             and trading on the Exchange of shares                   the Exchange under NYSE Arca Equities Rule
                                                    Immediate Effectiveness of Proposed                      (‘‘Shares’’) of the AdvisorShares Sage                  5.2(j)(3), seeks to provide investment results that
                                                    Rule Change Relating to a                                Core Reserves ETF (the ‘‘Fund’’) under                  correspond generally to the price and yield
                                                    Representation Regarding Investment                      NYSE Arca Equities Rule 8.600,4 which                   performance of a specific foreign or domestic stock
                                                    in Certain Mortgage-Related Securities                                                                           index, fixed income securities index or combination
                                                                                                             governs the listing and trading of                      thereof.
                                                    by the AdvisorShares Sage Core                           Managed Fund Shares.5 The Fund’s                          6 The Trust is registered under the 1940 Act. On
                                                    Reserves ETF                                                                                                     August 13, 2013, the Trust filed with the
                                                                                                                4 See Securities Exchange Act Release No. 71263      Commission an amendment to its registration
                                                    June 1, 2015.                                            (January 9, 2014), 79 FR 2715 (January 15, 2014)        statement on Form N–1A under the Securities Act
                                                       Pursuant to Section       19(b)(1) 1
                                                                                     of the                  (SR–NYSEArca–2013–121) (the ‘‘Prior Order’’). The       of 1933 (15 U.S.C. 77a) (‘‘Securities Act’’), and
                                                    Securities Exchange Act of 1934 (the                     notice with respect to the Prior Order was              under the 1940 Act relating to the Fund (File Nos.
                                                                                                             published in Securities Exchange Act Release No.        333–157876 and 811–22110) (‘‘Registration
asabaliauskas on DSK5VPTVN1PROD with NOTICES




                                                    ‘‘Act’’) 2 and Rule 19b–4 thereunder,3                   70902 (November 19, 2013), 78 FR 70370                  Statement’’). The description of the operation of the
                                                    notice is hereby given that, on May 27,                  (November 25, 2013) (‘‘Prior Notice’’ and, together     Trust and the Fund herein is based, in part, on the
                                                    2015, NYSE Arca, Inc. (the ‘‘Exchange’’                  with the Prior Order, the ‘‘Prior Release’’).           Registration Statement. In addition, the
                                                    or ‘‘NYSE Arca’’) filed with the                            5 A Managed Fund Share is a security that            Commission has issued an order granting certain
                                                                                                             represents an interest in an investment company         exemptive relief to the Trust under the 1940 Act.
                                                    Securities and Exchange Commission                                                                               See Investment Company Act Release No. 29291
                                                                                                             registered under the Investment Company Act of
                                                                                                             1940 (15 U.S.C. 80a–1) (‘‘1940 Act’’) organized as      (May 28, 2010) (File No. 812–13677) (‘‘Exemptive
                                                      1 15 U.S.C. 78s(b)(1).                                                                                         Order’’).
                                                                                                             an open-end investment company or similar entity
                                                      2 15 U.S.C. 78a.                                                                                                 7 See note 9 of the Prior Notice.
                                                                                                             that invests in a portfolio of securities selected by
                                                      3 17 CFR 240.19b–4.                                    its investment adviser consistent with its                8 See note 10 of the Prior Notice.




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Document Created: 2015-12-15 15:20:20
Document Modified: 2015-12-15 15:20:20
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice.
DatesComments are due: June 8, 2015.
ContactDavid A. Trissell, General Counsel, at 202-789-6820.
FR Citation80 FR 32186 

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