81 FR 19652 - New Postal Product

POSTAL REGULATORY COMMISSION

Federal Register Volume 81, Issue 65 (April 5, 2016)

Page Range		19652-19653
FR Document		2016-07680

The Commission is noticing a recent Postal Service filing concerning the addition of Priority Mail & Parcel Select Contract 1 to the competitive product list. This notice informs the public of the filing, invites public comment, and takes other administrative steps.

Federal Register, Volume 81 Issue 65 (Tuesday, April 5, 2016)

[Federal Register Volume 81, Number 65 (Tuesday, April 5, 2016)]
[Notices]
[Pages 19652-19653]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-07680]


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POSTAL REGULATORY COMMISSION

[Docket Nos. MC2016-113 and CP2016-141; Order No. 3203]


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 & Parcel Select Contract 1 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: April 6, 2016.

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-.35, the 
Postal Service filed a formal request and associated supporting 
information to add Priority Mail & Parcel Select Contract 1 to the 
competitive product list.\1\
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    \1\ Request of the United States Postal Service to Add Priority 
Mail & Parcel Select Contract 1 to Competitive Product List and 
Notice of Filing (Under Seal) of Unredacted Governors' Decision, 
Contract, and Supporting Data, March 29, 2016 (Request).
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    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. Request, 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. MC2016-113 and CP2016-141 to 
consider the Request pertaining to the proposed Priority Mail & Parcel 
Select Contract 1 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 April 6, 2016. The public 
portions of these filings can be accessed via the Commission's Web site 
(http://www.prc.gov).
    The Commission appoints Katalin K. Clendenin to serve as Public 
Representative in these dockets.

III. Ordering Paragraphs

    It is ordered:
    1. The Commission establishes Docket Nos. MC2016-113 and CP2016-141 
to consider the matters raised in each docket.
    2. Pursuant to 39 U.S.C. 505, Katalin K. Clendenin is appointed to 
serve as an officer of the Commission to represent the interests of the 
general public in

[[Page 19653]]

these proceedings (Public Representative).
    3. Comments are due no later than April 6, 2016.
    4. The Secretary shall arrange for publication of this order in the 
Federal Register.

    By the Commission.
Stacy L. Ruble,
Secretary.
[FR Doc. 2016-07680 Filed 4-4-16; 8:45 am]
 BILLING CODE 7710-FW-P

19652 Federal Register / Vol. 81, No. 65 / Tuesday, April 5, 2016 / Notices

Package Services 3 negotiated service Postal Service’s Notice are consistent SUPPLEMENTARY INFORMATION:
agreement. This notice informs the with the policies of 39 U.S.C. 3632,
Table of Contents
public of the filing, invites public 3633, or 3642, 39 CFR 3015.5, and 39
comment, and takes other CFR part 3020, subpart B. Comments are I. Introduction
administrative steps. due no later than April 7, 2016. The II. Notice of Commission Action
public portions of these filings can be III. Ordering Paragraphs
DATES: Comments are due: April 7,
2016. accessed via the Commission’s Web site I. Introduction
ADDRESSES: Submit comments
(http://www.prc.gov).
The Commission appoints Curtis E. In accordance with 39 U.S.C. 3642
electronically via the Commission’s and 39 CFR 3020.30–.35, the Postal
Kidd to represent the interests of the
Filing Online system at http:// Service filed a formal request and
general public (Public Representative)
www.prc.gov. Those who cannot submit associated supporting information to
in this docket.
comments electronically should contact add Priority Mail & Parcel Select
the person identified in the FOR FURTHER III. Ordering Paragraphs Contract 1 to the competitive product
INFORMATION CONTACT section by It is ordered: list.1
telephone for advice on filing 1. The Commission reopens Docket The Postal Service
alternatives. No. CP2015–143 for consideration of contemporaneously filed a redacted
FOR FURTHER INFORMATION CONTACT: matters raised by the Postal Service’s contract related to the proposed new
David A. Trissell, General Counsel, at Notice. product under 39 U.S.C. 3632(b)(3) and
202–789–6820. 2. Pursuant to 39 U.S.C. 505, the 39 CFR 3015.5. Request, Attachment B.
SUPPLEMENTARY INFORMATION: Commission appoints Curtis E. Kidd to To support its Request, the Postal
serve as an officer of the Commission Service filed a copy of the contract, a
Table of Contents (Public Representative) to represent the copy of the Governors’ Decision
I. Introduction interests of the general public in this authorizing the product, proposed
II. Notice of Filings proceeding. changes to the Mail Classification
III. Ordering Paragraphs 3. Comments are due no later than Schedule, a Statement of Supporting
April 7, 2016. Justification, a certification of
I. Introduction 4. The Secretary shall arrange for compliance with 39 U.S.C. 3633(a), and
On March 30, 2016, the Postal Service publication of this order in the Federal an application for non-public treatment
filed notice that it has agreed to a Register. of certain materials. It also filed
second modification to the existing By the Commission. supporting financial workpapers.
Global Expedited Package Services 3 Stacy L. Ruble,
negotiated service agreement approved II. Notice of Commission Action
Secretary.
in this docket.1 In support of its Notice, The Commission establishes Docket
[FR Doc. 2016–07748 Filed 4–4–16; 8:45 am]
the Postal Service includes a redacted Nos. MC2016–113 and CP2016–141 to
BILLING CODE 7710–FW–P consider the Request pertaining to the
copy of the Modification and a
certification of compliance with 39 proposed Priority Mail & Parcel Select
U.S.C. 3633(a), as required by 39 CFR Contract 1 product and the related
POSTAL REGULATORY COMMISSION
3015.5. contract, respectively.
The Postal Service also filed the [Docket Nos. MC2016–113 and CP2016–141; The Commission invites comments on
unredacted Modification and supporting Order No. 3203] whether the Postal Service’s filings in
financial information under seal. The the captioned dockets are consistent
Postal Service seeks to incorporate by New Postal Product with the policies of 39 U.S.C. 3632,
reference the Application for Non- AGENCY: Postal Regulatory Commission. 3633, or 3642, 39 CFR part 3015, and 39
Public Treatment originally filed in this ACTION: Notice. CFR part 3020, subpart B. Comments are
docket for the protection of information due no later than April 6, 2016. The
that it has filed under seal. Notice at 1– SUMMARY: The Commission is noticing a public portions of these filings can be
2. recent Postal Service filing concerning accessed via the Commission’s Web site
The Modification allows the customer the addition of Priority Mail & Parcel (http://www.prc.gov).
to use Priority Mail Express Select Contract 1 to the competitive The Commission appoints Katalin K.
International service, revises the product list. This notice informs the Clendenin to serve as Public
minimum commitment, and amends public of the filing, invites public Representative in these dockets.
Annex 1 of the contract. Id. at 1. comment, and takes other
The Postal Service intends for the III. Ordering Paragraphs
administrative steps.
Modification to become effective on DATES: Comments are due: April 6, It is ordered:
April 15, 2016. Id. The Postal Service 2016. 1. The Commission establishes Docket
asserts that the Modification will not Nos. MC2016–113 and CP2016–141 to
impair the ability of the contract to ADDRESSES: Submit comments
consider the matters raised in each
comply with 39 U.S.C. 3633. Id. electronically via the Commission’s docket.
Attachment 2. Filing Online system at http:// 2. Pursuant to 39 U.S.C. 505, Katalin
www.prc.gov. Those who cannot submit K. Clendenin is appointed to serve as an
asabaliauskas on DSK3SPTVN1PROD with NOTICES

II. Notice of Filings comments electronically should contact officer of the Commission to represent
The Commission invites comments on the person identified in the FOR FURTHER the interests of the general public in
whether the changes presented in the INFORMATION CONTACT section by
telephone for advice on filing 1 Request of the United States Postal Service to
1 Noticeof the United States Postal Service of alternatives. Add Priority Mail & Parcel Select Contract 1 to
Filing Modification Two to Global Expedited Competitive Product List and Notice of Filing
FOR FURTHER INFORMATION CONTACT:
Package Services 3 Negotiated Service Agreement, (Under Seal) of Unredacted Governors’ Decision,
March 30, 2016 (Notice). The modification is an David A. Trissell, General Counsel, at Contract, and Supporting Data, March 29, 2016
attachment to the Notice (Modification). 202–789–6820. (Request).

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Federal Register / Vol. 81, No. 65 / Tuesday, April 5, 2016 / Notices 19653

these proceedings (Public notice is hereby given that on March 28, offers responsive to each RFQ during a
Representative). 2016, Chicago Board Options Exchange, specified Request Response Period.4
3. Comments are due no later than Incorporated (the ‘‘Exchange’’ or On March 21, 2016, the Exchange will
April 6, 2016. ‘‘CBOE’’) filed with the Securities and begin offering Asian style settlement
4. The Secretary shall arrange for Exchange Commission (the and Cliquet style settlement for certain
publication of this order in the Federal ‘‘Commission’’) the proposed rule FLEX Broad-Based Index Options. In
Register. change as described in Items I, II, and general, Asian style settlement provides
By the Commission. III below, which Items have been for payout based on the average of
Stacy L. Ruble, prepared by the Exchange. The prices of a broad-based index on pre-
Secretary. Commission is publishing this notice to determined dates over a specified time
period, and Cliquet style settlement
[FR Doc. 2016–07680 Filed 4–4–16; 8:45 am] solicit comments on the proposed rule
provides for a payout that is the greater
BILLING CODE 7710–FW–P change from interested persons.
of $0 or the (positive) sum of ‘‘capped’’
I. Self-Regulatory Organization’s monthly returns of a broad-based index
Statement of the Terms of Substance of on pre-determined dates over a
POSTAL SERVICE specified period of time. These
the Proposed Rule Change
settlement types are also referred to as
Product Change—Priority Mail and The Exchange proposes to amend the ‘‘Exotics’’ due to their untraditional
Parcel Select Negotiated Service Fees Schedule. The text of the proposed nature.
Agreement After surveying potential FLEX Broad-
rule change is available on the
AGENCY: Postal ServiceTM. Exchange’s Web site (http:// Based Index Options users, the
ACTION: Notice. www.cboe.com/AboutCBOE/ Exchange learned that indexed annuity
CBOELegalRegulatoryHome.aspx), at writers (insurance companies)
SUMMARY: The Postal Service gives the Exchange’s Office of the Secretary, extensively use over-the-counter
notice of filing a request with the Postal and at the Commission’s Public (‘‘OTC’’) options with Asian and Cliquet
Regulatory Commission to add a Reference Room. style settlement as a crediting method.5
domestic shipping services contract to Because of the level of customization
the list of Negotiated Service II. Self-Regulatory Organization’s that FLEX Broad-Based Index options
Agreements in the Mail Classification Statement of the Purpose of, and provide, the Exchange is introducing
Schedule’s Competitive Products List. Statutory Basis for, the Proposed Rule exchange-traded products that would
DATES: Effective date: April 5, 2016. Change provide potential market users with an
FOR FURTHER INFORMATION CONTACT: alternative to the OTC market in
In its filing with the Commission, the customized options. The new settlement
Elizabeth A. Reed, 202–268–3179.
Exchange included statements types were approved pursuant to a
SUPPLEMENTARY INFORMATION: The
concerning the purpose of and basis for CBOE rule filing on July 10, 2015.6
United States Postal Service® hereby the proposed rule change and discussed
gives notice that, pursuant to 39 U.S.C. any comments it received on the Proposed Change
3642 and 3632(b)(3), on March 29, 2016,
proposed rule change. The text of these The Exchange proposes an Exotic
it filed with the Postal Regulatory
statements may be examined at the Surcharge of $0.25 to be assessed on all
Commission a Request of the United
places specified in Item IV below. The customer (‘‘C’’ origin code) Exotic
States Postal Service to Add Priority
Exchange has prepared summaries, set contracts executed on CBOE.7 The
Mail & Parcel Select Contract 1 to
forth in sections A, B, and C below, of Exotic surcharge will be assessed to
Competitive Product List. Documents
are available at www.prc.gov, Docket the most significant aspects of such those FLEX Traders who trade customer
Nos. MC2016–113, CP2016–141. statements. orders in FLEX Asian and Cliquet
options.
Stanley F. Mires, A. Self-Regulatory Organization’s The Exchange also proposes a FLEX
Attorney, Federal Compliance. Statement of the Purpose of, and Asian and Cliquet FLEX Trader
Statutory Basis for, the Proposed Rule Incentive Program (‘‘Program’’). The
[FR Doc. 2016–07676 Filed 4–4–16; 8:45 am]
Change Program will provide monthly payments
BILLING CODE 7710–P
1. Purpose to FLEX Traders who trade orders with
origin codes other than ‘‘C’’ against
Background customer orders in FLEX Asian and
SECURITIES AND EXCHANGE
COMMISSION Cliquet options. A compensation pool
FLEX Broad-Based Index Options
[Release No. 34–77479; File No. SR–CBOE– provide users with the ability to 4 Id. See CBOE Rules 24A.5 and 24B.5 for
2016–026] customize key contract terms, like additional information regarding FLEX trading
exercise prices, exercise styles, procedures.
Self-Regulatory Organizations; expiration dates and exercise settlement 5 A ‘‘crediting method’’ is the method used to

Chicago Board Options Exchange, values. Pursuant to CBOE Rules 24A.5 measure the change in the underlying index (e.g.,
point-to-point or annual reset).
Incorporated; Notice of Filing and and 24B.5, to initiate a FLEX 6 See Securities Exchange Act Release No. 75312
Immediate Effectiveness of a Proposed transaction, a Submitting Trading (July 10, 2016), 80 FR 42152 (July 16, 2016) (SR–
asabaliauskas on DSK3SPTVN1PROD with NOTICES

Rule To Amend the Fees Schedule Permit Holder submits a Request for CBOE–2015–044).
7 The Exchange initially filed the proposed fee
March 30, 2016. Quotes (‘‘RFQs’’) to a FLEX Post Official
changes on March 17, 2016 (SR–CBOE–2016–020).
Pursuant to Section 19(b)(1) of the or into CBOE’s Hybrid System.3 FLEX- On March 18, 2016, the Exchange withdrew that
Securities Exchange Act of 1934 (the participating Trading Permit Holders filing and replaced it with SR–CBOE–2016–022. On
‘‘Act’’),1 and Rule 19b–4 thereunder,2 (‘‘FLEX Traders’’), who have elected to March 24, 2016, the Exchange withdrew SR–CBOE–
receive RFQs, may then enter bids and 2016–022 and replaced it with SR–CBOE–2016–
025. On March 28, 2016 the Exchange withdrew
1 15 U.S.C. 78s(b)(1). SR–CBOE–2016–025 and replaced it with this
2 17 CFR 240.19b–4. 3 See CBOE Rules 24A.5 and 24B.5. filing.

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Document Created: 2018-02-07 13:53:36
Document Modified: 2018-02-07 13:53:36

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: April 6, 2016.
Contact		David A. Trissell, General Counsel, at 202-789-6820.
FR Citation		81 FR 19652