International Product Change-Global Expedited Package Services-Non-Published Rates, 1277-1278 [2013-00074]

Download as PDF srobinson on DSK4SPTVN1PROD with Federal Register / Vol. 78, No. 5 / Tuesday, January 8, 2013 / Notices applied in preparing the FY 2012 ACD so that the Postal Service can ascertain that it has the most up-to-date models when it prepares the FY 2013 ACR. Id. at 6. Market dominant product-by-product costs, revenues, and volumes. Comprehensive cost, revenue, and volume data for all market dominant products of general applicability are shown directly in the FY 2012 CRA or ICRA. Id. at 7. The FY 2012 ACR includes a discussion by class of each market dominant product, including costs, revenues, and volumes, workshare discounts and passthroughs responsive to 39 U.S.C. 3652(b), and FY 2012 incentive programs. Id. at 7–32. In addition, in response to Order No. 1427,2 the Postal Service also provides a schedule of future price increases for Standard Mail Flats. Id. at 15–19. Market dominant negotiated service agreements. The FY 2012 ACR presents information on market dominant negotiated service agreements (NSAs). Id. at 32. Although there were two market dominant NSAs in effect for FY 2012, Discover Financial Services and Valassis, 2012 mailings were only made under the Discover Financial Services NSA and no 2012 data are available for the Valassis NSA. Full information regarding the Discover Financial Services NSA appears in Library Reference USPS–FY12–30. Id. Service performance. The Postal Service notes that the Commission issued rules on periodic reporting of service performance measurement and customer satisfaction in FY 2010. Responsive information appears in Library Reference USPS–FY12–29. Id. at 34. The Postal Service says it set aggressive on-time targets of 90 percent or above for all market dominant products and, overall, has been successful in continuously improving these scores. It asserts that its targets have already been met or exceeded for some products and in some districts, but says there are several instances where target scores have not yet been met at the national level. Specific reasons for these results are discussed in Library Reference USPS–FY12–29. Id. at 34. Customer satisfaction. The FY 2012 ACR discusses the Postal Service’s approach for measuring customer experience and satisfaction; describes the methodology; presents a table with survey results; and compares the results from FY 2011 to FY 2012. Id. at 35–36. Competitive products. The FY 2012 ACR provides costs, revenues, and 2 Docket No. ACR2010, Order No. 1427, Order on Remand, August 9, 2012. VerDate Mar<15>2010 19:11 Jan 07, 2013 Jkt 229001 1277 volumes for competitive products of general applicability in the FY 2012 CRA or ICRA. For competitive products not of general applicability, data are provided in non-public Library References USPS–FY12–NP2 and USPS–FY12–NP27. The FY 2012 ACR also addresses the competitive product pricing standards of 39 U.S.C. 3633. Id. at 38–43. Market tests; nonpostal services. The Postal Service also addresses the four market dominant market tests conducted during FY 2012, the single competitive market test conducted during FY 2012, and nonpostal services. Id. at 44–46. With respect to the latter, it notes that on December 11, 2012, the Commission issued Order No. 1575 approving Mail Classification Schedule (MCS) descriptions and prices for nonpostal service products. The approved MCS includes 11 nonpostal service products, two of which are market dominant and nine of which are competitive. Id. at 45. It has provided revenue, cost, and volume data for the two market dominant nonpostal service products. Id. at 45–46. Access to filing. The Commission has posted the publicly available portions of the FY 2012 ACR on its Web site at https://www.prc.gov. Comment deadlines. Comments by interested persons are due on or before February 1, 2013. Reply comments are due on or before February 15, 2013. The Commission, upon completion of its review of the FY 2012 ACR, public comments, and other data and information submitted in this proceeding, will issue its ACD. Those needing assistance filing electronically may contact the Docket Section supervisor at 202–789–6846 or via email at prc-dockets@prc.gov. Inquiries about access to non-public materials should also be directed to the Docket Section. Public Representative. Kenneth E. Richardson is designated to serve as the Public Representative to represent the interests of the general public in this proceeding. Neither the Public Representative nor any additional persons assigned to assist him shall participate in or advise as to any Commission decision in this proceeding other than in their designated capacity. III. Procedural Steps IV. Ordering Paragraphs It is ordered: 1. The Commission establishes Docket No. ACR2012 to consider matters raised by the United States Postal Service’s FY 2012 Annual Compliance Report. 2. Pursuant to 35 U.S.C. 505, the Commission appoints Kenneth E. Richardson as an officer of the Commission (Public Representative) in this proceeding to represent the interests of the general public. 3. Comments on the United States Postal Service’s FY 2012 Annual Compliance Report to the Commission, including the Comprehensive Statement of Postal Operations and other reports, are due on or before February 1, 2013. 4. Reply comments are due on or before February 15, 2013. 5. The Secretary shall arrange for publication of this order in the Federal Register. Statutory requirements. Section 3653 of title 39 requires the Commission to provide interested persons with an opportunity to comment on the ACR and to appoint an officer of the Commission (Public Representative) to represent the interests of the general public. The Commission hereby solicits public comment on the Postal Service’s FY 2012 ACR and on whether any rates or fees in effect during FY 2012 (for products individually or collectively) were not in compliance with applicable provisions of chapter 36 of title 39 (or regulations promulgated thereunder). Commenters addressing market dominant products are referred in particular to the applicable requirements (39 U.S.C. 3622(d) and (e) and 3626); objectives (39 U.S.C. 3622(b)); and factors (39 U.S.C. 3622(c)). Commenters addressing competitive products are referred to 39 U.S.C. 3633. The Commission also invites public comment on the cost coverage matters the Postal Service addresses in its filing; service performance results; levels of customer satisfaction achieved; progress toward goals established in the annual Comprehensive Statement; and such other matters that may be relevant to the Commission’s review. Comments on these topics will, inter alia, assist the Commission in developing appropriate recommendations to the Postal Service related to the protection or promotion of the public policy objectives of title 39. PO 00000 Frm 00082 Fmt 4703 Sfmt 4703 By the Commission. Shoshana M. Grove, Secretary. [FR Doc. 2013–00094 Filed 1–7–13; 8:45 am] BILLING CODE 7710–FW–P POSTAL SERVICE International Product Change—Global Expedited Package Services—NonPublished Rates Postal ServiceTM. Notice. AGENCY: ACTION: E:\FR\FM\08JAN1.SGM 08JAN1 1278 Federal Register / Vol. 78, No. 5 / Tuesday, January 8, 2013 / Notices The Postal Service gives notice of filing a request with the Postal Regulatory Commission to add Global Expedited Package Services—NonPublished Rates 4 (GEPS–NPR 4) to the Competitive Products List. SUMMARY: DATES: Effective date: January 8, 2013. FOR FURTHER INFORMATION CONTACT: Patricia A. Fortin, 202–268–8785. The United States Postal Service® hereby gives notice that, pursuant to 39 U.S.C. 3642, on December 21, 2012, it filed with the Postal Regulatory Commission a Request of the United States Postal Service to add Global Expedited Package Services—Non-Published Rates 4 (GEPS–NPR 4) to the Competitive Products List and Notice of Filing GEPS–NPR 4 Model Contract and Application for Non-public Treatment of Materials Filed Under Seal. Documents are available at www.prc.gov, Docket Nos. MC2013–27 and CP2013–35. SUPPLEMENTARY INFORMATION: Stanley F. Mires, Attorney, Legal Policy & Legislative Advice. [FR Doc. 2013–00074 Filed 1–7–13; 8:45 am] BILLING CODE 7710–12–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–68533; File No. SR–NYSE– 2012–74] Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Extending the Bond Trading License and the Bond Liquidity Provider Pilot Program December 21, 2012. Correction In notice document 2012–31260, appearing on pages 77166–77167 in the issue of Monday, December 31, 2012, make the following correction: On page 77166, in the second column, the Release No. and the File No., are corrected to read as set forth above. [FR Doc. C1–2012–31260 Filed 1–7–13; 8:45 am] srobinson on DSK4SPTVN1PROD with BILLING CODE 1505–01–D VerDate Mar<15>2010 19:11 Jan 07, 2013 Jkt 229001 SECURITIES AND EXCHANGE COMMISSION [Release No. 34–68555; File No. SR–FICC– 2012–07] Self-Regulatory Organizations; Fixed Income Clearing Corporation; Order Approving Proposed Rule Change Relating to Enhancements That the Mortgage-Backed Securities Division Intends To Implement to its Services and Certain Other Clarifications and Corrections to Its Rules January 2, 2013. I. Introduction On November 6, 2012, the Fixed Income Clearing Corporation (‘‘FICC’’ or the ‘‘Corporation’’) filed with the Securities and Exchange Commission (‘‘Commission’’) proposed rule change SR–FICC–2012–07 pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19ba–4 thereunder.2 The proposed rule change was published for comment in the Federal Register on November 21, 2012.3 No comments letters were received on the proposed rule change. This order approves the proposed rule change. II. Description The proposed rule change relates to certain enhancements that the MortgageBacked Securities Division (‘‘MBSD’’) of FICC intends to implement to its services. In addition, FICC proposes to make certain corrections and clarifications to the MBSD Rules. As noted below, some of the proposed changes do not require revisions to the MBSD Rules. 1. Expansion of Pool Netting To Include Pool Instructs From the Previous Settlement Months MBSD proposed to further extend pool netting benefits to its members by capturing Pool Instructs 4 submitted for allocations made after the traded pool’s settlement month has passed. The proposed changes allow more activity into the pool net which results in fewer settlements. Currently, MBSD’s pool netting process only nets Pool Instructs for the current delivery date if their U.S.C. 78s(b)(1). CFR 240.19b–4. 3 Securities Exchange Act Release No. 68245 (November 15, 2012), 77 FR 69913 (November 21, 2012). 4 A Pool Instruct is an input used by a member to submit pool details directly into the Real-Time Trade Matching ® (‘‘RTTM®’’) system for bilateral matching and assignment to a corresponding open TBA position as a prerequisite to the pool netting process. corresponding contractual settlement dates (‘‘CSD’’) are also in the current month.5 For example, with respect to a delivery date of August 14, 2012, MBSD’s pool netting process would only net Pool Instructs having a CSD ranging from August 1, 2012 through August 14, 2012 and having a delivery date of August 14, 2012. As such, only Pool Instructs having a CSD in the current month will be included in pool netting. The proposed new process will net Pool Instructs from previous settlement months that are submitted for delivery dates in the current month. For example, if we assume that today is August 13, 2012, and a member submits multiple Pool Instructs all having a CSD equal to July 12, 2012 and a delivery date equal to August 14, 2012, on the evening of August 13th, these Pool Instructs would be netted against each other to arrive at a single pool net settlement position for the July 12, 2012 CSD and August 14th delivery date. The proposed changes do not require revisions to the text of the MBSD Rules. 2. Notification of Settlement for Specified Pool Trades A Notification of Settlement (‘‘NOS’’) is an instruction submitted to the Corporation by a purchasing or selling clearing member which reflects the settlement of a Settlement Balance Order Trade, Trade-for-Trade Transaction or Specified Pool Trade (‘‘SPT’’).6 MBSD is proposing to change the manner in which NOS processing occurs for SPTs so that it follows similar processing rules as those applied to NOS for Settlement Balance Order Trades and Trade-for-Trade Transactions. Currently, MBSD Rule 10 Section 2 states that the trade details for a NOS submitted by both parties of a SPT must fully match in order for the clearance of the SPTs to be reflected on the member’s Purchase and Sale Report 7 or both parties must submit a cancellation of the transaction in order for the transaction to be deleted from each party’s respective Open Commitment Report.8 MBSD proposed to enhance the NOS for SPTs by no longer requiring the current face value submitted on each 1 15 2 17 PO 00000 Frm 00083 Fmt 4703 Sfmt 4703 5 See MBSD Rule 8 Section 3. MBSD Rule 1, Definitions. 7 ‘‘Purchase and Sale Report’’ is defined as the report furnished by the Corporation reflecting a member’s Compared Trades in Eligible Securities.’’ See MBSD Rule 1, Definitions. 8 ‘‘Open Commitment Report’’ is defined as the report furnished by the Corporation to members reflecting such member’s open commitments in the Clearing System. See MBSD Rule 1, Definitions. 6 See E:\FR\FM\08JAN1.SGM 08JAN1

Agencies

[Federal Register Volume 78, Number 5 (Tuesday, January 8, 2013)]
[Notices]
[Pages 1277-1278]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-00074]


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POSTAL SERVICE


International Product Change--Global Expedited Package Services--
Non-Published Rates

AGENCY: Postal ServiceTM.

ACTION: Notice.

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[[Page 1278]]

SUMMARY: The Postal Service gives notice of filing a request with the 
Postal Regulatory Commission to add Global Expedited Package Services--
Non-Published Rates 4 (GEPS-NPR 4) to the Competitive Products List.

DATES: Effective date: January 8, 2013.

FOR FURTHER INFORMATION CONTACT: Patricia A. Fortin, 202-268-8785.

SUPPLEMENTARY INFORMATION: The United States Postal Service[supreg] 
hereby gives notice that, pursuant to 39 U.S.C. 3642, on December 21, 
2012, it filed with the Postal Regulatory Commission a Request of the 
United States Postal Service to add Global Expedited Package Services--
Non-Published Rates 4 (GEPS-NPR 4) to the Competitive Products List and 
Notice of Filing GEPS-NPR 4 Model Contract and Application for Non-
public Treatment of Materials Filed Under Seal. Documents are available 
at www.prc.gov, Docket Nos. MC2013-27 and CP2013-35.

Stanley F. Mires,
Attorney, Legal Policy & Legislative Advice.
[FR Doc. 2013-00074 Filed 1-7-13; 8:45 am]
BILLING CODE 7710-12-P
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