80_FR_46219 80 FR 46071 - New Postal Product

80 FR 46071 - New Postal Product

POSTAL REGULATORY COMMISSION

Federal Register Volume 80, Issue 148 (August 3, 2015)

Page Range46071-46072
FR Document2015-18862

The Commission is noticing a recent Postal Service filing concerning the addition of Priority Mail Contract 136 negotiated service agreement 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 148 (Monday, August 3, 2015)
[Federal Register Volume 80, Number 148 (Monday, August 3, 2015)]
[Notices]
[Pages 46071-46072]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-18862]


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POSTAL REGULATORY COMMISSION

[Docket Nos. MC2015-72 and CP2015-110; Order No. 2617]


New Postal Product

AGENCY: Postal Regulatory Commission.

ACTION: Notice.

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SUMMARY: The Commission is noticing a recent Postal Service filing 
concerning the addition of Priority Mail Contract 136 negotiated 
service agreement 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: August 7, 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 136 to the competitive 
product list.\1\
---------------------------------------------------------------------------

    \1\ Request of the United States Postal Service to Add Priority 
Mail Contract 136 to Competitive Product List and Notice of Filing 
(Under Seal) of Unredacted Governors' Decision, Contract, and 
Supporting Data, July 27, 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. MC2015-72 and CP2015-110 to 
consider the Request pertaining to the proposed Priority Mail Contract 
136 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 August 7, 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. MC2015-72 and CP2015-110 
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 August 7, 2015.
    4. The Secretary shall arrange for publication of this order in the 
Federal Register.


[[Page 46072]]


    By the Commission.
Ruth Ann Abrams,
Acting Secretary.
[FR Doc. 2015-18862 Filed 7-31-15; 8:45 am]
BILLING CODE 7710-FW-P



                                                                                 Federal Register / Vol. 80, No. 148 / Monday, August 3, 2015 / Notices                                                     46071

                                                  DATES:   Comments are due: August 4,                       The Commission appoints Kenneth R.                  I. Introduction
                                                  2015.                                                    Moeller to serve as Public
                                                                                                                                                                   In accordance with 39 U.S.C. 3642
                                                  ADDRESSES:   Submit comments                             Representative in these dockets.
                                                                                                                                                                 and 39 CFR 3020.30 et seq., the Postal
                                                  electronically via the Commission’s                      III. Ordering Paragraphs                              Service filed a formal request and
                                                  Filing Online system at http://                                                                                associated supporting information to
                                                  www.prc.gov. Those who cannot submit                       It is ordered:                                      add Priority Mail Contract 136 to the
                                                  comments electronically should contact                     1. The Commission establishes Docket                competitive product list.1
                                                  the person identified in the FOR FURTHER                 Nos. MC2015–75 and CP2015–114 to                        The Postal Service
                                                  INFORMATION CONTACT section by                           consider the matters raised in each                   contemporaneously filed a redacted
                                                  telephone for advice on filing                           docket.                                               contract related to the proposed new
                                                  alternatives.                                              2. Pursuant to 39 U.S.C. 505, Kenneth               product under 39 U.S.C. 3632(b)(3) and
                                                  FOR FURTHER INFORMATION CONTACT:                         R. Moeller is appointed to serve as an                39 CFR 3015.5. Id. Attachment B.
                                                  David A. Trissell, General Counsel, at                   officer of the Commission to represent                  To support its Request, the Postal
                                                  202–789–6820.                                            the interests of the general public in                Service filed a copy of the contract, a
                                                  SUPPLEMENTARY INFORMATION:
                                                                                                           these proceedings (Public                             copy of the Governors’ Decision
                                                                                                           Representative).                                      authorizing the product, proposed
                                                  Table of Contents                                          3. Comments are due no later than                   changes to the Mail Classification
                                                  I. Introduction                                          August 4, 2015.                                       Schedule, a Statement of Supporting
                                                  II. Notice of Commission Action                            4. The Secretary shall arrange for                  Justification, a certification of
                                                  III. Ordering Paragraphs                                 publication of this order in the Federal              compliance with 39 U.S.C. 3633(a), and
                                                  I. Introduction                                          Register.                                             an application for non-public treatment
                                                                                                            By the Commission.                                   of certain materials. It also filed
                                                     In accordance with 39 U.S.C. 3642
                                                                                                           Ruth Ann Abrams,                                      supporting financial workpapers.
                                                  and 39 CFR 3020.30 et seq., the Postal
                                                  Service filed a formal request and                       Acting Secretary.                                     II. Notice of Commission Action
                                                  associated supporting information to                     [FR Doc. 2015–18900 Filed 7–31–15; 8:45 am]
                                                                                                                                                                   The Commission establishes Docket
                                                  add Priority Mail & First-Class Package                  BILLING CODE 7710–FW–P
                                                  Service Contract 7 to the competitive                                                                          Nos. MC2015–72 and CP2015–110 to
                                                  product list.1                                                                                                 consider the Request pertaining to the
                                                     The Postal Service                                                                                          proposed Priority Mail Contract 136
                                                                                                           POSTAL REGULATORY COMMISSION
                                                  contemporaneously filed a redacted                                                                             product and the related contract,
                                                  contract related to the proposed new                                                                           respectively.
                                                                                                           [Docket Nos. MC2015–72 and CP2015–110;                  The Commission invites comments on
                                                  product under 39 U.S.C. 3632(b)(3) and                   Order No. 2617]
                                                  39 CFR 3015.5. Id. Attachment B.                                                                               whether the Postal Service’s filings in
                                                     To support its Request, the Postal                    New Postal Product                                    the captioned dockets are consistent
                                                  Service filed a copy of the contract, a                                                                        with the policies of 39 U.S.C. 3632,
                                                  copy of the Governors’ Decision                          AGENCY: Postal Regulatory Commission.                 3633, or 3642, 39 CFR part 3015, and 39
                                                  authorizing the product, proposed                        ACTION: Notice.                                       CFR part 3020, subpart B. Comments are
                                                  changes to the Mail Classification                                                                             due no later than August 7, 2015. The
                                                  Schedule, a Statement of Supporting                      SUMMARY:   The Commission is noticing a               public portions of these filings can be
                                                  Justification, a certification of                        recent Postal Service filing concerning               accessed via the Commission’s Web site
                                                  compliance with 39 U.S.C. 3633(a), and                   the addition of Priority Mail Contract                (http://www.prc.gov).
                                                  an application for non-public treatment                  136 negotiated service agreement to the                 The Commission appoints Kenneth R.
                                                  of certain materials. It also filed                      competitive product list. This notice                 Moeller to serve as Public
                                                  supporting financial workpapers.                         informs the public of the filing, invites             Representative in these dockets.
                                                  II. Notice of Commission Action                          public comment, and takes other                       III. Ordering Paragraphs
                                                                                                           administrative steps.
                                                     The Commission establishes Docket                                                                             It is ordered:
                                                  Nos. MC2015–75 and CP2015–114 to                         DATES: Comments are due: August 7,
                                                                                                                                                                   1. The Commission establishes Docket
                                                  consider the Request pertaining to the                   2015.
                                                                                                                                                                 Nos. MC2015–72 and CP2015–110 to
                                                  proposed Priority Mail & First-Class                     ADDRESSES:   Submit comments                          consider the matters raised in each
                                                  Package Service Contract 7 product and                   electronically via the Commission’s                   docket.
                                                  the related contract, respectively.                      Filing Online system at http://                         2. Pursuant to 39 U.S.C. 505, Kenneth
                                                     The Commission invites comments on                    www.prc.gov. Those who cannot submit                  R. Moeller is appointed to serve as an
                                                  whether the Postal Service’s filings in                  comments electronically should contact                officer of the Commission to represent
                                                  the captioned dockets are consistent                     the person identified in the FOR FURTHER              the interests of the general public in
                                                  with the policies of 39 U.S.C. 3632,                     INFORMATION CONTACT section by                        these proceedings (Public
                                                  3633, or 3642, 39 CFR part 3015, and 39                  telephone for advice on filing                        Representative).
                                                  CFR part 3020, subpart B. Comments are                   alternatives.                                           3. Comments are due no later than
                                                  due no later than August 4, 2015. The
                                                                                                           FOR FURTHER INFORMATION CONTACT:                      August 7, 2015.
                                                  public portions of these filings can be
                                                                                                                                                                   4. The Secretary shall arrange for
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                                                  accessed via the Commission’s Web site                   David A. Trissell, General Counsel, at
                                                  (http://www.prc.gov).                                    202–789–6820.                                         publication of this order in the Federal
                                                                                                                                                                 Register.
                                                                                                           SUPPLEMENTARY INFORMATION:
                                                    1 Request of the United States Postal Service to

                                                  Add Priority Mail & First-Class Package Service          Table of Contents                                       1 Request of the United States Postal Service to

                                                  Contract 7 to Competitive Product List and Notice                                                              Add Priority Mail Contract 136 to Competitive
                                                  of Filing (Under Seal) of Unredacted Governors’          I. Introduction                                       Product List and Notice of Filing (Under Seal) of
                                                  Decision, Contract, and Supporting Data, July 27,        II. Notice of Commission Action                       Unredacted Governors’ Decision, Contract, and
                                                  2015 (Request).                                          III. Ordering Paragraphs                              Supporting Data, July 27, 2015 (Request).



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                                                  46072                              Federal Register / Vol. 80, No. 148 / Monday, August 3, 2015 / Notices

                                                   By the Commission.                                        Exchange Act of 1934, notice is hereby                investors in an aggregate amount not to
                                                  Ruth Ann Abrams,                                           given that on June 26, 2015, National                 exceed $5 billion. The proceeds from
                                                  Acting Secretary.                                          Securities Clearing Corporation                       the Prefunded Liquidity Program would
                                                  [FR Doc. 2015–18862 Filed 7–31–15; 8:45 am]                (‘‘NSCC’’) filed with the Securities and              supplement NSCC’s existing liquidity
                                                  BILLING CODE 7710–FW–P
                                                                                                             Exchange Commission (‘‘Commission’’)                  resources, which collectively provide
                                                                                                             the advance notice SR–NSCC–2015–802                   NSCC with liquidity to complete end-of-
                                                                                                             (‘‘Advance Notice’’) as described in                  day settlement in the event of the
                                                                                                             Items I and II, which Items have been                 default of an NSCC Member.3
                                                  POSTAL SERVICE                                             prepared by NSCC. The Commission is                      Terms of the Prefunded Liquidity
                                                  Product Change—Priority Mail and                           publishing this notice to solicit                     Program. NSCC has engaged an issuing
                                                  First-Class Package Service                                comments on the Advance Notice from                   and paying agent, as well as certain
                                                  Negotiated Service Agreement                               interested persons.                                   placement agent dealers, to develop a
                                                                                                             I. Clearing Agency’s Statement of the                 program to issue the Notes. The Notes
                                                  AGENCY: Postal ServiceTM.                                                                                        would be issued to institutional
                                                                                                             Terms of Substance of the Advance
                                                  ACTION: Notice.                                            Notice                                                investors through a private placement
                                                                                                                                                                   and offered in reliance on an exemption
                                                  SUMMARY:    The Postal Service gives                          This Advance Notice is filed by NSCC               from registration under Section 4(a)(2)
                                                  notice of filing a request with the Postal                 in connection with a proposed liquidity               of the Securities Act of 1933.4 NSCC
                                                  Regulatory Commission to add a                             program to raise prefunded liquidity                  would be party to certain transaction
                                                  domestic shipping services contract to                     through the issuance and private                      documents required to establish the
                                                  the list of Negotiated Service                             placement of short-term, unsecured                    Prefunded Liquidity Program, including
                                                  Agreements in the Mail Classification                      notes (‘‘Prefunded Liquidity Program’’),              an issuing and paying agent agreement,
                                                  Schedule’s Competitive Products List.                      which will consist of a combination of                and a dealer agreement with each of the
                                                  DATES: Effective date: August 3, 2015.
                                                                                                             commercial paper notes and extendible                 placement agent dealers. The dealer
                                                                                                             notes. The Prefunded Liquidity Program                agreements would each be based on the
                                                  FOR FURTHER INFORMATION CONTACT:                           would supplement NSCC’s existing
                                                  Elizabeth A. Reed, 202–268–3179.                                                                                 standard form of dealer agreement for
                                                                                                             default liquidity risk management                     commercial paper programs, which is
                                                  SUPPLEMENTARY INFORMATION: The                             resources.
                                                  United States Postal Service® hereby                                                                             published by the Securities Industry
                                                  gives notice that, pursuant to 39 U.S.C.                   II. Clearing Agency’s Statement of the                and Financial Markets Association. The
                                                  3642 and 3632(b)(3), on July 27, 2015,                     Purpose of, and Statutory Basis for, the              material terms and conditions of the
                                                  it filed with the Postal Regulatory                        Advance Notice                                        Prefunded Liquidity Program are
                                                  Commission a Request of the United                            In its filing with the Commission,                 summarized below.
                                                  States Postal Service to Add Priority                      NSCC included statements concerning                      The Prefunded Liquidity Program
                                                  Mail & First-Class Package Service                         the purpose of and basis for the                      would be established as a combination
                                                  Contract 6 to Competitive Product List.                    Advance Notice and discussed any                      of both Commercial Paper Notes, which
                                                  Documents are available at                                 comments it received on the Advance                   typically have shorter maturities, and
                                                  www.prc.gov, Docket Nos. MC2015–75,                        Notice. The text of these statements may              Extendible Notes, which typically have
                                                  CP2015–114.                                                be examined at the places specified in                longer maturities, in order to facilitate
                                                                                                             Item IV below. NSCC has prepared                      the staggering of the maturities of the
                                                  Stanley F. Mires,                                          summaries, set forth in sections (A) and              issued Notes. NSCC intends to structure
                                                  Attorney, Federal Compliance.                              (B) below, of the most significant                    the Prefunded Liquidity Program such
                                                  [FR Doc. 2015–18889 Filed 7–31–15; 8:45 am]                aspects of these statements.                          that the maturities of the issued Notes
                                                  BILLING CODE 7710–12–P                                                                                           are staggered to avoid concentrations of
                                                                                                             (A) Clearing Agency’s Statement on                    maturing liabilities. The average
                                                                                                             Comments on the Advance Notice                        maturity of the aggregate Notes
                                                                                                             Received From Members, Participants,                  outstanding issued under the Prefunded
                                                  SECURITIES AND EXCHANGE                                    or Others
                                                  COMMISSION                                                                                                       Liquidity Program is broadly estimated
                                                                                                               Written comments on the Advance                     to range between three and six months.
                                                  [Release No. 34–75541; File No. SR–NSCC–                   Notice have not been solicited or                     The Commercial Paper Notes and the
                                                  2015–802]                                                  received. NSCC will notify the                        Extendible Notes would be represented
                                                                                                             Commission of any written comments                    by one or more master notes issued in
                                                  Self-Regulatory Organizations;                             received by NSCC.                                     the name of The Depository Trust
                                                  National Securities Clearing                                                                                     Company (‘‘DTC’’), or its nominee. The
                                                  Corporation; Notice of Filing of                           (B) Advance Notice Filed Pursuant to
                                                                                                             Section 806(e) of the Payment, Clearing               Notes would be issued only through the
                                                  Advance Notice To Establish a
                                                  Prefunded Liquidity Program as Part of                     and Settlement Supervision Act
                                                                                                                                                                      3 Terms not defined herein are defined in NSCC’s
                                                  NSCC’s Liquidity Risk Management                           Description of Change                                 Rules and Procedures (‘‘Rules’’) available at
                                                                                                                                                                   http://dtcc.com/∼/media/Files/Downloads/legal/
                                                  July 28, 2015.                                                NSCC proposes to establish the                     rules/nscc_rules.pdf. The events that constitute a
                                                     Pursuant to Section 806(e)(1) of Title                  Prefunded Liquidity Program in order to               Member default are specified in NSCC’s Rule 46
                                                  VIII of the Dodd-Frank Wall Street                         raise prefunded liquidity and diversify               (Restrictions on Access to Services), which provides
                                                                                                                                                                   that NSCC’s Board of Directors may suspend a
mstockstill on DSK4VPTVN1PROD with NOTICES




                                                  Reform and Consumer Protection Act                         its liquidity resources through the
                                                                                                                                                                   Member or prohibit or limit a Member’s access to
                                                  entitled the Payment, Clearing, and                        private placement of unsecured debt,                  NSCC’s services in enumerated circumstances; this
                                                  Settlement Supervision Act of 2010 1                       consisting of a combination of short-                 includes default in delivering funds or securities to
                                                  (‘‘Clearing Supervision Act’’) and Rule                    term promissory notes (‘‘Commercial                   NSCC, or a Member’s experiencing such financial
                                                                                                             Paper Notes’’), and extendible-term                   or operational difficulties that NSCC determines, in
                                                  19b–4(n)(1)(i) 2 under the Securities                                                                            its discretion, that restriction on access to services
                                                                                                             promissory notes (‘‘Extendible Notes’’,               is necessary for its protection and for the protection
                                                    1 12   U.S.C. 5465(e)(1).                                together with the Commercial Paper                    of its membership.
                                                    2 17   CFR 240.19b–4(n)(1)(i).                           Notes, ‘‘Notes’’), to institutional                      4 15 U.S.C. 77d(4)(a)(2) [sic].




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Document Created: 2018-02-23 10:52:04
Document Modified: 2018-02-23 10:52:04
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: August 7, 2015.
ContactDavid A. Trissell, General Counsel, at 202-789-6820.
FR Citation80 FR 46071 

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