Submission for OMB Review; Comment Request, 6222 [E8-1840]
Download as PDF
<![CDATA[
6222
Federal Register / Vol. 73, No. 22 / Friday, February 1, 2008 / Notices
A $12.50 premium also provides protection
in the event that Sunday delivery costs do
not decrease quickly in response to a change
in volume. Although there is currently a
$5.50 cost difference between a Sunday
delivery and a Monday–Saturday delivery, a
reduction in Sunday deliveries may not
result in short-term cost reductions, as
staffing plans cannot be changed
immediately, and because minimum staffing
will need to be maintained. A premium of
$12.50 provides additional margin to cover
those costs.
Using data from the FY 2007 Cost and
Revenue Analysis, and elasticities from the
Docket No. R2006–1 omnibus rate case, a
premium of $12.50 on non-manifest Express
Mail pieces guaranteed for Sunday or holiday
delivery will likely yield a pro-forma
contribution increase between $3.1 million
and $3.8 million. This increase results from
additional revenue generated by the premium
plus net cost savings from pieces that move
out of Sunday delivery. Manifest pieces are
exempt from the premium because the small
number of these pieces does not justify
changing the manifest system at this time.
mstockstill on PROD1PC66 with NOTICES
Analysis of Sunday Delivery Demand and
Contribution
Applying the system-wide Express Mail
own-price elasticity implies a volume loss of
slightly less than 250,000 Express Mail
pieces; rather than disappear, however, the
vast majority of these pieces will move into
Express Mail guaranteed for Monday (or day
after holiday) delivery or into Priority Mail.
Express Mail pieces that move to Monday
still increase contribution despite the lack of
a premium, because of the extra cost of
Sunday delivery. Contribution from pieces
that migrate into Priority Mail will decrease
only about 78 cents per piece, on average.
There is some risk to these projections.
Assuming that 90 percent of the volume lost
from Express Mail on Sunday will migrate to
Monday delivery (about two-thirds) or
Priority Mail (about 23 percent), and
therefore stay within the Postal system. It
will provide at least some contribution. It is
possible, however, that these pieces might
either switch to another carrier or disappear
altogether (for instance, through electronic
diversion of bill payments). To the extent
that this possibility is underestimated, the
net contribution increase resulting from the
premium would be overestimated. If no lost
volume migrates to Monday delivery,
contribution gain will nonetheless be about
half of the estimate, assuming that this
Express Mail volume has an own-price
elasticity of demand equal to or lower than
that of Express Mail as a whole. If that
assumption is not valid, contribution gain
from the premium will be lower, though the
price response would have to be more than
twice that of the product as a whole before
we would be at risk of a net loss of
contribution.
These factors support the conclusion that
a $12.50 premium on non-manifest Express
Mail presented for Sunday or holiday
delivery will result in a net gain in
contribution for both Express Mail and for
competitive products as a whole.
VerDate Aug<31>2005
18:22 Jan 31, 2008
Jkt 214001
Compliance With Relevant Law
Because the premium will likely increase
contribution for both Express Mail and for
competitive products as a whole, this new
premium will not raise an issue of
subsidization of competitive products by
market dominant products, (39 U.S.C.
3633(a)(1)), or have a negative effect on the
ability of Express Mail to cover its
attributable costs (39 U.S.C. 3633(a)(2)), or for
competitive products as a whole to comply
with 39 U.S.C. 3633(a)(3), which, as
implemented by 39 CFR 3015.7 (c), requires
competitive products to cover a minimum of
5.5 percent to the Postal Service’s total
institutional costs.
Certification of Governors’ Vote in the
Governors’ Decision No. 08–2
I hereby certify that the following
Governors voted by paper ballot on adopting
Governors’ Decision No. 08–2:
Mickey D. Barnett
James H. Bilbray
Carolyn Lewis Gallagher
Louis J. Giuliano
Alan C. Kessler
Thurgood Marshall, Jr.
James C. Miller III
Katherine C. Tobin
Ellen C. Williams
The vote was 9–0 in favor.
Dated: January 17, 2008.
Wendy A. Hocking,
Secretary of the Board of Governors.
[FR Doc. E8–1781 Filed 1–31–08; 8:45 am]
BILLING CODE 7710–12–P
SECURITIES AND EXCHANGE
COMMISSION
Submission for OMB Review;
Comment Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
Extension:
Rule 206(4)–4; SEC File No. 270–304;
OMB Control No. 3235–0345.
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.), the Securities
and Exchange Commission
(‘‘Commission’’) has submitted to the
Office of Management and Budget a
request for extension of the previously
approved collections of information
discussed below.
The title for the collection of
information is ‘‘Rule 206(4)–4’’ (17 CFR
275.206(4)–4) under the Investment
Advisers Act of 1940 (15 U.S.C. 80b–1
et seq.). Rule 206(4)–4 requires advisers
to disclose certain financial and
disciplinary information to clients. The
disclosure requirements in rule 206(4)–
4 are designed so that a client will have
PO 00000
Frm 00114
Fmt 4703
Sfmt 4703
information about an adviser’s financial
condition and disciplinary events that
may be material to an evaluation of the
adviser’s integrity or ability to meet
contractual commitments to clients.
Respondents are registered investment
advisers with certain disciplinary
history or a financial condition that is
reasonably likely to affect contractual
commitments. We estimate that
approximately 1,839 advisers are subject
to this rule. The rule requires
approximately 7.5 burden hours per
year per adviser and amounts to
approximately 13,793 total burden
hours (7.5 × 1,839) for all advisers.
The disclosure requirements of rule
206(4)–4 do not require recordkeeping
or record retention. The collection of
information requirements under the rule
are mandatory. Information subject to
the disclosure requirements of rule
206(4)–4 is not submitted to the
Commission. Accordingly, the
disclosures pursuant to the rules are not
kept confidential. An agency may not
conduct or sponsor, and a person is not
required to respond to, a collection of
information unless it displays a
currently valid control number.
Please direct general comments
regarding the above information to the
following persons: (i) Desk Officer for
the Securities and Exchange
Commission, Office of Management and
Budget, Room 10102, New Executive
Office Building, Washington, DC 20503
or e-mail to:
Alexander_T._Hunt@omb.eop.gov; and
(ii) R. Corey Booth, Director/Chief
Information Officer, Securities and
Exchange Commission, C/O Shirley
Martinson, 6432 General Green Way,
Alexandria, VA 22312; or send an email to: PRA_Mailbox@sec.gov.
Comments must be submitted to OMB
within 30 days of this notice.
Dated: January 28, 2008.
Nancy M. Morris,
Secretary.
[FR Doc. E8–1840 Filed 1–31–08; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Submission for OMB Review;
Comment Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
Extension:
Rule 17e–1; SEC File No. 270–224; OMB
Control No. 3235–0217.
E:\FR\FM\01FEN1.SGM
01FEN1
]]>Agencies
[Federal Register Volume 73, Number 22 (Friday, February 1, 2008)]
[Notices]
[Page 6222]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-1840]
=======================================================================
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Submission for OMB Review; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of Investor Education and Advocacy, Washington, DC
20549-0213.
Extension:
Rule 206(4)-4; SEC File No. 270-304; OMB Control No. 3235-0345.
Notice is hereby given that, pursuant to the Paperwork Reduction
Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (``Commission'') has submitted to the Office of Management
and Budget a request for extension of the previously approved
collections of information discussed below.
The title for the collection of information is ``Rule 206(4)-4''
(17 CFR 275.206(4)-4) under the Investment Advisers Act of 1940 (15
U.S.C. 80b-1 et seq.). Rule 206(4)-4 requires advisers to disclose
certain financial and disciplinary information to clients. The
disclosure requirements in rule 206(4)-4 are designed so that a client
will have information about an adviser's financial condition and
disciplinary events that may be material to an evaluation of the
adviser's integrity or ability to meet contractual commitments to
clients. Respondents are registered investment advisers with certain
disciplinary history or a financial condition that is reasonably likely
to affect contractual commitments. We estimate that approximately 1,839
advisers are subject to this rule. The rule requires approximately 7.5
burden hours per year per adviser and amounts to approximately 13,793
total burden hours (7.5 x 1,839) for all advisers.
The disclosure requirements of rule 206(4)-4 do not require
recordkeeping or record retention. The collection of information
requirements under the rule are mandatory. Information subject to the
disclosure requirements of rule 206(4)-4 is not submitted to the
Commission. Accordingly, the disclosures pursuant to the rules are not
kept confidential. An agency may not conduct or sponsor, and a person
is not required to respond to, a collection of information unless it
displays a currently valid control number.
Please direct general comments regarding the above information to
the following persons: (i) Desk Officer for the Securities and Exchange
Commission, Office of Management and Budget, Room 10102, New Executive
Office Building, Washington, DC 20503 or e-mail to: Alexander--T.--
Hunt@omb.eop.gov; and (ii) R. Corey Booth, Director/Chief Information
Officer, Securities and Exchange Commission, C/O Shirley Martinson,
6432 General Green Way, Alexandria, VA 22312; or send an e-mail to:
PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days
of this notice.
Dated: January 28, 2008.
Nancy M. Morris,
Secretary.
[FR Doc. E8-1840 Filed 1-31-08; 8:45 am]
BILLING CODE 8011-01-P
