New Competitive Product, 74214-74215 [E8-28834]
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Federal Register / Vol. 73, No. 235 / Friday, December 5, 2008 / Notices
dwashington3 on PROD1PC60 with NOTICES
within the meaning of 39 U.S.C.
3632(b)(3). Id. at 1. The Request has
been assigned Docket No. MC2009–12.
The Postal Service
contemporaneously filed a contract
related to the proposed new product
pursuant to 39 U.S.C. 3632(b)(3) and 39
CFR 3015.5. The contract has been
assigned Docket No. CP2009–14.
Request. The Request incorporates (1)
a redacted version of the Governors’
Decision authorizing the new product;
(2) a redacted version of the contract; (3)
requested changes in the Mail
Classification Schedule product list; (4)
a statement of supporting justification as
required by 39 CFR 3020.32; and (5)
certification of compliance with 39
U.S.C. 3633(a).2 Substantively, the
Request seeks to add Express Mail &
Priority Mail Contract 2 to the
Competitive Product List. Id. at 1–2.
In the statement of supporting
justification, Kim Parks, Manager, Sales
and Communications, Expedited
Shipping, asserts that the service to be
provided under the contract will cover
its attributable costs, make a positive
contribution to institutional costs, and
increase contribution toward the
requisite 5.5 percent of the Postal
Service’s total institutional costs. Id.,
Attachment D. Thus, Ms. Parks
contends there will be no issue of
subsidization of competitive products
by market dominant products as a result
of this contract. Id.
Related contract. A redacted version
of the specific Express Mail & Priority
Mail Contract 2 is included with the
Request. The contract is for 3 years and
is to be effective 1 day after the
Commission provides all necessary
regulatory approvals. The Postal Service
represents that the contract is consistent
with 39 U.S.C. 3633(a) and 39 CFR
3015.7(c). See id., Attachment A and
Attachment E. It notes that actual
performance under this contract could
vary from estimates, but concludes that
the contract will remain profitable. Id.,
Attachment A.
The Postal Service filed much of the
supporting materials, including the
Governors’ Decision and the specific
Express Mail & Priority Mail Contract 2,
2 Attachment A to the Request consists of the
redacted Decision of the Governors of the United
States Postal Service on Establishment of Rate and
Class Not of General Applicability for Express Mail
& Priority Mail Contract 2 (Governors’ Decision No.
08–22). The Governors’ Decision includes an
attachment which provides an analysis of the
proposed Express Mail & Priority Mail Contract 2.
Attachment B is the redacted version of the
contract. Attachment C shows the requested
changes to the Mail Classification Schedule product
list. Attachment D provides a statement of
supporting justification for this Request.
Attachment E provides the certification of
compliance with 39 U.S.C. 3633(a).
VerDate Aug<31>2005
15:27 Dec 04, 2008
Jkt 217001
under seal.3 In its Request, the Postal
Service maintains that the contract and
related financial information, including
the customer’s name and the
accompanying analyses that provide
prices, terms, conditions, and financial
projections should remain under seal.
Id. at 2–3.
POSTAL REGULATORY COMMISSION
II. Notice of Filings
SUMMARY: The Commission is noticing a
recently-filed Postal Service request to
add Parcel Select & Parcel Return
Service Contract 1 to the Competitive
Product List. The Postal Service has also
filed one related contract. This notice
addresses procedural steps associated
with these filings.
DATES: Comments due December 10,
2008.
The Commission establishes Docket
Nos. MC2009–12 and CP2009–14 for
consideration of the Request pertaining
to the proposed Express Mail & Priority
Mail Contract 2 product and the related
contract, respectively. In keeping with
practice, these dockets are addressed on
a consolidated basis for purposes of this
Order; however, future filings should be
made in the specific docket in which
issues being addressed pertain.
Interested persons may submit
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 and 39
CFR part 3015 and 39 CFR 3020 subpart
B. Comments are due no later than
December 10, 2008. The public portions
of these filings can be accessed via the
Commission’s Web site (https://
www.prc.gov).
The Commission appoints Paul L.
Harrington to serve as Public
Representative in these dockets.
It is Ordered:
1. The Commission establishes Docket
Nos. MC2009–12 and CP2009–14 for
consideration of the matters raised in
each docket.
2. Pursuant to 39 U.S.C. 505, Paul L.
Harrington is appointed to serve as
officer of the Commission (Public
Representative) to represent the
interests of the general public in these
proceedings.
3. Comments by interested persons in
these proceedings are due no later than
December 10, 2008.
4. The Secretary shall arrange for the
publication of this Order in the Federal
Register.
By the Commission.
Steven W. Williams,
Secretary.
[FR Doc. E8–28836 Filed 12–4–08; 8:45 am]
BILLING CODE 7710–FW–P
3 Documents filed under seal must include a hard
copy table of contents page listing, inter alia, the
titles of the documents being filed under seal.
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[Docket Nos. MC2009–11 and CP2009–13;
Order No. 142]
New Competitive Product
AGENCY: Postal Regulatory Commission.
ACTION: Notice.
ADDRESSES: Submit comments
electronically via the Commission’s
Filing Online system at https://
www.prc.gov.
FOR FURTHER INFORMATION CONTACT:
Stephen L. Sharfman, General Counsel,
202–789–6820 and
stephen.sharfman@prc.gov.
SUPPLEMENTARY INFORMATION:
I. Background
On November 25, 2008, the Postal
Service filed a formal request pursuant
to 39 U.S.C. 3642 and 39 CFR 3020.30
et seq. to add Parcel Select & Parcel
Return Service Contract 1 to the
Competitive Product List.1 The Postal
Service asserts that the Parcel Select &
Parcel Return Service Contract 1
product is a competitive product ‘‘not of
general applicability’’ within the
meaning of 39 U.S.C. 3632(b)(3). Id. at
1. The Request has been assigned
Docket No. MC2009–11.
The Postal Service
contemporaneously filed a contract
related to the proposed new product
pursuant to 39 U.S.C. 3632(b)(3) and 39
CFR 3015.5. The contract has been
assigned Docket No. CP2009–13.
Request. The Request incorporates (1)
a redacted version of the Governors’
Decision authorizing the new product;
(2) a redacted version of the contract; (3)
requested changes in the Mail
Classification Schedule product list; (4)
a statement of supporting justification as
required by 39 CFR 3020.32; and (5)
certification of compliance with 39
U.S.C. 3633(a).2 Substantively, the
1 Request of the United States Postal Service to
Add Parcel Select & Parcel Return Service Contract
1 to Competitive Product List and Notice of
Establishment of Rates and Class Not of General
Applicability, November 25, 2008 (Request).
2 Attachment A to the Request consists of the
redacted Decision of the Governors of the United
States Postal Service on Establishment of Rate and
Class Not of General Applicability for Parcel Select
E:\FR\FM\05DEN1.SGM
05DEN1
Federal Register / Vol. 73, No. 235 / Friday, December 5, 2008 / Notices
Request seeks to add Parcel Select &
Parcel Return Service Contract 1 to the
Competitive Product List. Id. at 1–2.
In the statement of supporting
justification, Daniel J. Barrett, Acting
Manager, Product & Business
Development, Ground Shipping
Services, asserts that the service to be
provided under the contract will cover
its attributable costs, make a positive
contribution to institutional costs, and
increase contribution toward the
requisite 5.5 percent of the Postal
Service’s total institutional costs. Id.,
Attachment D. Thus, Mr. Barrett
contends there will be no issue of
subsidization of competitive products
by market dominant products as a result
of this contract. Id.
Related contract. A redacted version
of the specific Parcel Select & Parcel
Return Service Contract 1 is included
with the Request. The contract is to
expire on May 31, 2011,3 and is to be
effective 1 day after the Commission
provides all necessary regulatory
approvals. The Postal Service represents
that the contract is consistent with 39
U.S.C. 3633(a) and 39 CFR 3015.7(c).
See id., Attachment A and Attachment
E. It notes that the agreement remains
profitable regardless of discount level
and results in a positive contribution
impact of the Postal Service under all
conditions. Id., Attachment A.
The Postal Service filed much of the
supporting materials, including the
Governors’ Decision and the specific
Parcel Select & Parcel Return Service
Contract 1, under seal. In its Request,
the Postal Service maintains that the
contract and related financial
information, including the customer’s
name and the accompanying analyses
that provide prices, terms, conditions,
and financial projections should remain
under seal. Id. at 2–3.
dwashington3 on PROD1PC60 with NOTICES
II. Notice of Filings
The Commission establishes Docket
Nos. MC2009–11 and CP2009–13 for
consideration of the Request pertaining
to the proposed Parcel Select & Parcel
Return Service Contract 1 product and
the related contract, respectively. In
keeping with practice, these dockets are
& Parcel Return Service Contract 1 (Governors’
Decision No. 08–21). The Governors’ Decision
includes an attachment which provides an analysis
of the proposed Parcel Select & Parcel Return
Service Contract 1. Attachment B is the redacted
version of the contract. Attachment C shows the
requested changes to the Mail Classification
Schedule product list. Attachment D provides a
statement of supporting justification for this
Request. Attachment E provides the certification of
compliance with 39 U.S.C. 3633(a).
3 The agreement may also be terminated sooner or
be extended for an additional year under terms and
conditions discussed in the contract. See
Attachment B at Section III.
VerDate Aug<31>2005
15:27 Dec 04, 2008
Jkt 217001
addressed on a consolidated basis for
purposes of this Order; however, future
filings should be made in the specific
docket in which issues being addressed
pertain.
Interested persons may submit
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 and 39
CFR part 3015 and 39 CFR 3020 subpart
B. Comments are due no later than
December 10, 2008. The public portions
of these filings can be accessed via the
Commission’s Web site (https://
www.prc.gov).
The Commission appoints Michael J.
Ravnitzky to serve as Public
Representative in these dockets.
It is Ordered:
1. The Commission establishes Docket
Nos. MC2009–11 and CP2009–13 for
consideration of the matters raised in
each docket.
2. Pursuant to 39 U.S.C. 505, Michael
J. Ravnitzky is appointed to serve as
officer of the Commission (Public
Representative) to represent the
interests of the general public in these
proceedings.
3. Comments by interested persons in
these proceedings are due no later than
December 10, 2008.
4. The Secretary shall arrange for the
publication of this Order in the Federal
Register.
By the Commission.
Steven W. Williams,
Secretary.
[FR Doc. E8–28834 Filed 12–4–08; 8:45 am]
BILLING CODE 7710–FW–P
SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
28526; 812–12903]
Banc of America Funds Trust, et al.;
Notice of Application
December 1, 2008.
AGENCY: Securities and Exchange
Commission (‘‘Commission’’).
ACTION: Notice of application for an
order under sections 6(c) and 17(b) of
the Investment Company Act of 1940
(the ‘‘Act’’) for an exemption from
section 17(a) of the Act.
APPLICANTS: Banc of America Funds
Trust (‘‘BAFT’’), Columbia Funds Series
Trust (‘‘CFST’’), Columbia Funds Series
Trust I (‘‘CFST I’’), Columbia Funds
Variable Insurance Trust I (‘‘CFVT I’’),
Columbia Funds Variable Insurance
Trust (‘‘CFVT’’), Columbia Funds
Master Investment Trust, LLC
PO 00000
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Fmt 4703
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74215
(‘‘CFMIT’’), and Columbia Funds
Institutional Trust (‘‘CFIT’’)
(individually, and together with any
successor, a ‘‘Company’’ and
collectively, the ‘‘Companies’’), each a
registered investment company, on
behalf of the money market series
thereof (the ‘‘Money Market Funds’’)
and the other series thereof that are not
Money Market Funds (the ‘‘Other
Mutual Funds’’) (the Money Market
Funds together with the Other Mutual
Funds, the ‘‘Funds’’), Columbia
Management Advisors, LLC (together
with any successor, ‘‘CMA’’ or the
‘‘Advisor’’) and Banc of America
Securities LLC (together with any
successor, ‘‘BAS’’) (CMA and BAS,
together with the Companies, the
‘‘Applicants’’).1
SUMMARY OF APPLICATION: Applicants
request an order to permit the Funds to
engage in principal transactions in
certain taxable money market
instruments including repurchase
agreements with BAS.
FILING DATES: The application was filed
on November 18, 2002 and amended on
May 8, 2008 and November 26, 2008.2
HEARING OR NOTIFICATION OF HEARING: An
order granting the application will be
issued unless the Commission orders a
hearing. Interested persons may request
a hearing by writing to the
Commission’s Secretary and serving
applicants with a copy of the request,
personally or by mail. Hearing requests
should be received by the Commission
by 5:30 p.m. on December 24, 2008, and
should be accompanied by proof of
service on the applicants, in the form of
an affidavit or, for lawyers, a certificate
of service. Hearing requests should state
the nature of the writer’s interest, the
1 Any succession shall be solely by way of change
in organization, such as reincorporation or
reorganization as a partnership or similar entity.
Any Company, Fund or Advisor that currently
intends to rely on the requested order is named as
an Applicant. Any other Company, Fund or Advisor
that relies on the order in the future will comply
with the terms and conditions of the application.
2 Applicants note that after the May 8, 2008
reactivating amendment was filed, Bank of America
Corporation (‘‘BAC’’), which indirectly controls
both CMA and BAS, entered into an Agreement and
Plan of Merger dated September 15, 2008 (‘‘Plan of
Merger’’) with Merrill Lynch & Co., Inc., parent to
Merrill Lynch, Pierce, Fenner & Smith,
Incorporated, a large broker-dealer that is an
important market participant in certain taxable
money market instruments. Assuming the Plan of
Merger is consummated, the Applicants do not
expect that the market share of BAS will decrease,
and do expect that the number of Funds (and the
amount of Fund assets) invested in taxable money
market instruments will increase. The Applicants
will cease relying on the requested relief as to a
particular type of instrument described herein if the
consummation of the Plan of Merger materially
reduces BAS’ market share with respect to such
type of instrument below the levels described in
this application.
E:\FR\FM\05DEN1.SGM
05DEN1
]]>Agencies
[Federal Register Volume 73, Number 235 (Friday, December 5, 2008)]
[Notices]
[Pages 74214-74215]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-28834]
-----------------------------------------------------------------------
POSTAL REGULATORY COMMISSION
[Docket Nos. MC2009-11 and CP2009-13; Order No. 142]
New Competitive Product
AGENCY: Postal Regulatory Commission.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Commission is noticing a recently-filed Postal Service
request to add Parcel Select & Parcel Return Service Contract 1 to the
Competitive Product List. The Postal Service has also filed one related
contract. This notice addresses procedural steps associated with these
filings.
DATES: Comments due December 10, 2008.
ADDRESSES: Submit comments electronically via the Commission's Filing
Online system at https://www.prc.gov.
FOR FURTHER INFORMATION CONTACT: Stephen L. Sharfman, General Counsel,
202-789-6820 and stephen.sharfman@prc.gov.
SUPPLEMENTARY INFORMATION:
I. Background
On November 25, 2008, the Postal Service filed a formal request
pursuant to 39 U.S.C. 3642 and 39 CFR 3020.30 et seq. to add Parcel
Select & Parcel Return Service Contract 1 to the Competitive Product
List.\1\ The Postal Service asserts that the Parcel Select & Parcel
Return Service Contract 1 product is a competitive product ``not of
general applicability'' within the meaning of 39 U.S.C. 3632(b)(3). Id.
at 1. The Request has been assigned Docket No. MC2009-11.
---------------------------------------------------------------------------
\1\ Request of the United States Postal Service to Add Parcel
Select & Parcel Return Service Contract 1 to Competitive Product
List and Notice of Establishment of Rates and Class Not of General
Applicability, November 25, 2008 (Request).
---------------------------------------------------------------------------
The Postal Service contemporaneously filed a contract related to
the proposed new product pursuant to 39 U.S.C. 3632(b)(3) and 39 CFR
3015.5. The contract has been assigned Docket No. CP2009-13.
Request. The Request incorporates (1) a redacted version of the
Governors' Decision authorizing the new product; (2) a redacted version
of the contract; (3) requested changes in the Mail Classification
Schedule product list; (4) a statement of supporting justification as
required by 39 CFR 3020.32; and (5) certification of compliance with 39
U.S.C. 3633(a).\2\ Substantively, the
[[Page 74215]]
Request seeks to add Parcel Select & Parcel Return Service Contract 1
to the Competitive Product List. Id. at 1-2.
---------------------------------------------------------------------------
\2\ Attachment A to the Request consists of the redacted
Decision of the Governors of the United States Postal Service on
Establishment of Rate and Class Not of General Applicability for
Parcel Select & Parcel Return Service Contract 1 (Governors'
Decision No. 08-21). The Governors' Decision includes an attachment
which provides an analysis of the proposed Parcel Select & Parcel
Return Service Contract 1. Attachment B is the redacted version of
the contract. Attachment C shows the requested changes to the Mail
Classification Schedule product list. Attachment D provides a
statement of supporting justification for this Request. Attachment E
provides the certification of compliance with 39 U.S.C. 3633(a).
---------------------------------------------------------------------------
In the statement of supporting justification, Daniel J. Barrett,
Acting Manager, Product & Business Development, Ground Shipping
Services, asserts that the service to be provided under the contract
will cover its attributable costs, make a positive contribution to
institutional costs, and increase contribution toward the requisite 5.5
percent of the Postal Service's total institutional costs. Id.,
Attachment D. Thus, Mr. Barrett contends there will be no issue of
subsidization of competitive products by market dominant products as a
result of this contract. Id.
Related contract. A redacted version of the specific Parcel Select
& Parcel Return Service Contract 1 is included with the Request. The
contract is to expire on May 31, 2011,\3\ and is to be effective 1 day
after the Commission provides all necessary regulatory approvals. The
Postal Service represents that the contract is consistent with 39
U.S.C. 3633(a) and 39 CFR 3015.7(c). See id., Attachment A and
Attachment E. It notes that the agreement remains profitable regardless
of discount level and results in a positive contribution impact of the
Postal Service under all conditions. Id., Attachment A.
---------------------------------------------------------------------------
\3\ The agreement may also be terminated sooner or be extended
for an additional year under terms and conditions discussed in the
contract. See Attachment B at Section III.
---------------------------------------------------------------------------
The Postal Service filed much of the supporting materials,
including the Governors' Decision and the specific Parcel Select &
Parcel Return Service Contract 1, under seal. In its Request, the
Postal Service maintains that the contract and related financial
information, including the customer's name and the accompanying
analyses that provide prices, terms, conditions, and financial
projections should remain under seal. Id. at 2-3.
II. Notice of Filings
The Commission establishes Docket Nos. MC2009-11 and CP2009-13 for
consideration of the Request pertaining to the proposed Parcel Select &
Parcel Return Service Contract 1 product and the related contract,
respectively. In keeping with practice, these dockets are addressed on
a consolidated basis for purposes of this Order; however, future
filings should be made in the specific docket in which issues being
addressed pertain.
Interested persons may submit 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 and 39 CFR part 3015 and 39
CFR 3020 subpart B. Comments are due no later than December 10, 2008.
The public portions of these filings can be accessed via the
Commission's Web site (https://www.prc.gov).
The Commission appoints Michael J. Ravnitzky to serve as Public
Representative in these dockets.
It is Ordered:
1. The Commission establishes Docket Nos. MC2009-11 and CP2009-13
for consideration of the matters raised in each docket.
2. Pursuant to 39 U.S.C. 505, Michael J. Ravnitzky is appointed to
serve as officer of the Commission (Public Representative) to represent
the interests of the general public in these proceedings.
3. Comments by interested persons in these proceedings are due no
later than December 10, 2008.
4. The Secretary shall arrange for the publication of this Order in
the Federal Register.
By the Commission.
Steven W. Williams,
Secretary.
[FR Doc. E8-28834 Filed 12-4-08; 8:45 am]
BILLING CODE 7710-FW-P
