Product Change-Priority Mail and First-Class Package Service Negotiated Service Agreement, 4597 [2015-01501]
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Federal Register / Vol. 80, No. 18 / Wednesday, January 28, 2015 / Notices
• Chief Financial Officer’s update
• Committee Chairman’s closing
remarks
POSTAL SERVICE
Product Change—Priority Mail and
First-Class Package Service
Negotiated Service Agreement
Wednesday, February 4, 2015
Audit and Oversight Committee
Postal ServiceTM.
ACTION: Notice.
AGENCY:
Closed Session: 8:30–9:15 a.m.
• Committee Chairman’s opening
remarks
• Approval of November 2014 closed
meeting and December 2014 closed
teleconference minutes
• NSF relocation update
• Discussion of scope of work for
proposed external review of issues
pertaining to cooperative agreements
• Chairman’s closing remarks
Committee on Science & Engineering
Indicators (SEI)
Open Session: 9:15–10 a.m.
• Chairman’s introduction
• Approval of the November 2014
meeting minutes and the January 2015
teleconference minutes
• Update on Science and Engineering
Indicators 2016 production
• Discussion of the companion report to
Indicators 2014
• Update on opportunities for outreach
and engagement for the Indicators
suite of products and beyond
• Chairman’s closing remarks
The Postal Service gives
notice of filing a request with the Postal
Regulatory Commission to add a
domestic shipping services contract to
the list of Negotiated Service
Agreements in the Mail Classification
Schedule’s Competitive Products List.
DATES: Effective date: January 28, 2015.
FOR FURTHER INFORMATION CONTACT:
Elizabeth A. Reed, 202–268–3179.
SUPPLEMENTARY INFORMATION: The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on January 22,
2015, it filed with the Postal Regulatory
Commission a Request of the United
States Postal Service to Add Priority
Mail & First-Class Package Service
Contract 2 to Competitive Product List.
Documents are available at
www.prc.gov, Docket Nos. MC2015–24,
CP2015–32.
SUMMARY:
Stanley F. Mires,
Attorney, Federal Requirements.
[FR Doc. 2015–01501 Filed 1–27–15; 8:45 am]
Plenary
BILLING CODE 7710–12–P
Executive Closed Session: 10:15–10:45
a.m.
• Approval of executive closed session
minutes, November 2014
• Approval of Vannevar Bush award
recommendation
• Approval of Alan T. Waterman award
recommendation
• Chairman’s remarks
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Plenary Board Meeting
Closed Session: 10:45– 11:45 a.m.
• Approval of closed session minutes,
November 2014
• Discussion of risks to NSF
• Closed committee reports
• Chairman’s remarks
Upon Written Request, Copies
Available From: Securities and
Exchange Commission, Office of FOIA
Services, 100 F Street NE., Washington,
DC 20549–2736.
Extension:
Rule 23c–1, OMB Control No. 3235–0260,
SEC File No. 270–253.
mstockstill on DSK4VPTVN1PROD with NOTICES
Plenary Board Meeting
Open Session: 1:15–3 p.m.
• Approval of open session minutes,
November 2014
• Chairman’s report
• Director’s report
• Open committee reports
• Chairman’s remarks
Meeting Adjourns: 3 p.m.
Ann Bushmiller,
Senior Counsel to the National Science Board.
[FR Doc. 2015–01695 Filed 1–26–15; 4:15 pm]
BILLING CODE 7555–01–P
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16:41 Jan 27, 2015
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Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 350l–3520), the Securities
and Exchange Commission (the
‘‘Commission’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
Rule 23c–1(a) under the Investment
Company Act (17 CFR 270.23c–1(a))
permits a closed-end fund to repurchase
its securities for cash if, in addition to
the other requirements set forth in the
rule, the following conditions are met:
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4597
(i) Payment of the purchase price is
accompanied or preceded by a written
confirmation of the purchase (‘‘written
confirmation’’); (ii) the asset coverage
per unit of the security to be purchased
is disclosed to the seller or his agent
(‘‘asset coverage disclosure’’); and (iii) if
the security is a stock, the fund has,
within the preceding six months,
informed stockholders of its intention to
purchase stock (‘‘six month notice’’).
Commission staff estimates that 78
closed-end funds undertake a total of
702 repurchases annually under rule
23c–1.1 Staff estimates further that, with
respect to each repurchase, each fund
spends 2.5 hours to comply with the
rule’s written confirmation, asset
coverage disclosure and six month
notice requirements. Thus, Commission
staff estimates the total annual
respondent reporting burden is 1755
hours.2 Commission staff further
estimates that the cost of the hourly
burden per repurchase is $295 (one half
hour of a compliance attorney’s time at
$334 per hour,3 and two hours of
clerical time at $64 per hour 4). The total
annual cost for all funds is estimated to
be $207,090.5
In addition, the fund must file with
the Commission a copy of any written
solicitation to purchase securities given
by or on behalf of the fund to 10 or more
persons. The copy must be filed as an
exhibit to Form N–CSR (17 CFR 249.331
and 274.128).6 The burden associated
1 The number of closed-end funds that undertake
repurchases annually under rule 23c–1 is based on
information provided in response to Item 9 of Form
N–CSR from December 30, 2013 through December
30, 2014. Although 112 closed-end funds made
disclosures regarding ‘‘publicly announced’’
repurchase plans in response to Item 9, not all
repurchases are made pursuant to rule 23c–1. We
estimate that approximately 30% of such closedend funds have not made repurchases pursuant to
rule 23c–1. Therefore, our estimate does not include
all 112 funds that made disclosures of publicly
announced repurchases under Item 9, but only a
subset thereof.
2 This estimate is based on the following
calculation: 702 repurchases x 2.5 hours per
repurchase = 1755 hours.
3 The $334/hour figure for a compliance attorney
is from SIFMA’s Management & Professional
Earnings in the Securities Industry 2013, modified
by Commission staff to account for an 1800-hour
work-year and multiplied by 5.35 to account for
bonuses, firm size, employee benefits and overhead.
4 The $64/hour figure for a compliance clerk is
from SIFMA’s Office Salaries in the Securities
Industry 2013, modified by Commission staff to
account for an 1800-hour work-year and multiplied
by 2.93 to account for bonuses, firm size, employee
benefits and overhead.
5 This estimate is based on the following
calculation: 702 repurchases x $295 per repurchase
= $207,090.
6 In addition, Item 9 of Form N–CSR requires
closed-end funds to disclose information similar to
the information that was required in Form N–23C–
1, which was discontinued in 2004.
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]]>Agencies
[Federal Register Volume 80, Number 18 (Wednesday, January 28, 2015)]
[Notices]
[Page 4597]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-01501]
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POSTAL SERVICE
Product Change--Priority Mail and First-Class Package Service
Negotiated Service Agreement
AGENCY: Postal ServiceTM.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Postal Service gives notice of filing a request with the
Postal Regulatory Commission to add a domestic shipping services
contract to the list of Negotiated Service Agreements in the Mail
Classification Schedule's Competitive Products List.
DATES: Effective date: January 28, 2015.
FOR FURTHER INFORMATION CONTACT: Elizabeth A. Reed, 202-268-3179.
SUPPLEMENTARY INFORMATION: The United States Postal Service[supreg]
hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on
January 22, 2015, it filed with the Postal Regulatory Commission a
Request of the United States Postal Service to Add Priority Mail &
First-Class Package Service Contract 2 to Competitive Product List.
Documents are available at www.prc.gov, Docket Nos. MC2015-24, CP2015-
32.
Stanley F. Mires,
Attorney, Federal Requirements.
[FR Doc. 2015-01501 Filed 1-27-15; 8:45 am]
BILLING CODE 7710-12-P
