80 FR 46071 - New Postal Product

POSTAL REGULATORY COMMISSION

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

Page Range		46071-46072
FR Document		2015-18862

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\
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    \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
mstockstill on DSK4VPTVN1PROD with NOTICES

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

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice.
Dates		Comments are due: August 7, 2015.
Contact		David A. Trissell, General Counsel, at 202-789-6820.
FR Citation		80 FR 46071