New Postal Product, 38476-38477 [2015-16404]

Download as PDF 38476 Federal Register / Vol. 80, No. 128 / Monday, July 6, 2015 / Notices Lhorne on DSK7TPTVN1PROD with NOTICES I. Abstract and Request for Comments NCUA is revising the currently approved collection of information, OMB Control Number, 3133–0149, to reflect amendments to part 712 (part 712 or the rule). Part 712 of the National Credit Union Administration’s (NCUA) regulations 1 implements authority in the Federal Credit Union Act 2 relating to federally insured credit union (FICU) lending or investment activity with a credit union service organization (CUSO). The rule addresses NCUA’s safety and soundness concerns for activities conducted by CUSOs and imposes certain recordkeeping obligations on FICUs that have investment or lending relationships with, or conduct operations through, CUSOs. Certain reporting obligations are imposed on natural person credit union CUSOs and corporate credit union CUSOs as a result of the rule. Part 712 contains the following information collection (IC) requirements: (IC 1.) Obtain Written Agreement. Before making a loan to, or investment in, a CUSO, a FICU must obtain a written agreement from the CUSO (or revise any current agreement the FICU has with a CUSO) that the CUSO will: 1 12 CFR part 712. U.S.C. 1756, 1757(5)(D), 1757(7)(I), 1766, 1782, 1785, and 1786. 2 12 VerDate Sep<11>2014 14:37 Jul 02, 2015 Jkt 235001 Follow generally accepted accounting principles (GAAP); prepare financial statements at least quarterly and obtain an annual opinion audit from a licensed certified public accountant; provide access to its books and records to NCUA and the appropriate SSA; and file financial and other reports directly with NCUA and the appropriate SSA; (IC 2.) Obtain Written Legal Opinion. A FICU must obtain a written legal opinion confirming the CUSO is established in a legally sufficient way to limit the credit union’s exposure to loss of its loans to, or investments in, the CUSO; (IC 3.) Obtain Regulatory Approval. Any FICU that is or, as a result of recapitalizing an insolvent CUSO will become, less than adequately capitalized, must seek NCUA approval before recapitalizing an insolvent CUSO; and (IC 4.) CUSO Reporting. A CUSO with an investment or loan from a FICU must annually submit a report directly to NCUA and the appropriate SSA that contains financial and other information prescribed in the rule. All CUSOs are required to provide basic profile information to NCUA and the appropriate SSA. CUSOs engaging in certain complex or high-risk activities are also required to report more detailed information, including audited financial statements and customer information. 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 OMB control number. NCUA requests that you send your comments on the information collection requirements for Credit Union Service Organizations, 12 CFR part 712, to the locations listed in the ADDRESSES section. Your comments should address: (a) the necessity of the information collection for the proper performance of NCUA, including whether the information will have practical utility; (b) the accuracy of our estimate of the burden (hours and cost) of the collection of information, including the validity of the methodology and assumptions used; (c) ways we could enhance the quality, utility, and clarity of the information to be collected; and (d) ways we could minimize the burden of the collection of the information on the respondents such as through the use of automated collection techniques or other forms of information technology. It is NCUA’s policy to make all comments available to the public for review. OMB Number: 3133–0149. Form Number: None. Type of Review: Revision to a currently approved collection. Description: NCUA amended part 712 to increase transparency and address safety and soundness concerns about activities conducted by CUSOs and imposes certain recordkeeping obligations on FICUs that have investment or lending relationships with, or conduct operations through, CUSOs.3 The final rule extends certain requirements of the CUSO regulation to federally insured, state-chartered credit unions and imposes new requirements on federally insured credit unions (FICUs). Under the amended rule a FICU with an investment in, or loan to, a CUSO must obtain a written agreement with the CUSO addressing accounting, financial statements, audits, reporting, and legal opinions. The rule limits the ability of a ‘‘less than adequately capitalized’’ FICU to recapitalize an insolvent CUSO. All CUSOs are required to annually provide basic profile information to NCUA and the appropriate SSA. CUSOs engaging in certain complex or high-risk activities are also required to report more detailed information, including audited financial statements and customer information. These reporting obligations are imposed on natural person credit union CUSOs and corporate credit union CUSOs as a result of the rule. Respondents: Federally insured credit unions and credit union service organizations. Estimated No. of Respondents: 4,116. Frequency of Response: One-time, on occasion, and annual. Estimated Burden Hours per Response: Varies based on type and frequency of response. Estimated Total Annual Burden Hours: 11,558.5 hours. Estimated Total Annual Cost: $76,177.2. II. Data Title: Credit Union Service Organizations, 12 CFR part 712. complex or high-risk activities are also required to report more detailed information, including audited financial statements and customer information. DATES: Comments will be accepted until September 4, 2015. ADDRESSES: Interested parties are invited to submit written comments to the NCUA Contact and the OMB Reviewer listed below: NCUA Contact: Joy Lee, National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314–3428, Fax No. 703–837–2861, Email: OCIOPRA@ncua.gov. OMB Reviewer: Office of Management and Budget, ATTN: Desk Officer for the National Credit Union Administration, Office of Information and Regulatory Affairs, Washington, DC 20503. FOR FURTHER INFORMATION CONTACT: Requests for additional information, a copy of the information collection request, or a copy of submitted comments should be directed to: NCUA Contact: Joy Lee, National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314–3428, Fax No. 703–837–2861, Email: OCIOPRA@ncua.gov. SUPPLEMENTARY INFORMATION: ACTION: PO 00000 Frm 00050 Fmt 4703 Sfmt 4703 By the National Credit Union Administration Board on June 30, 2015. Gerard Poliquin, Secretary of the Board. [FR Doc. 2015–16497 Filed 7–2–15; 8:45 am] BILLING CODE 7535–01–P POSTAL REGULATORY COMMISSION [Docket Nos. MC2015–58 and CP2015–88; Order No. 2556] New Postal Product Postal Regulatory Commission. Notice. AGENCY: 3 78 E:\FR\FM\06JYN1.SGM FR 72537 (Dec. 3, 2013). 06JYN1 Federal Register / Vol. 80, No. 128 / Monday, July 6, 2015 / Notices The Commission is noticing a recent Postal Service filing concerning the addition of Parcel Return Service Contract 9 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: July 7, 2015. 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. SUMMARY: 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 et seq., the Postal Service filed a formal request and associated supporting information to add Parcel Return Service Contract 9 to the competitive product list.1 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. Id. 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. Lhorne on DSK7TPTVN1PROD with NOTICES II. Notice of Commission Action The Commission establishes Docket Nos. MC2015–58 and CP2015–88 to consider the Request pertaining to the proposed Parcel Return Service Contract 9 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, 1 Request of the United States Postal Service to Add Parcel Return Service Contract 9 to Competitive Product List and Notice of Filing (Under Seal) of Unredacted Governors’ Decision, Contract, and Supporting Data, June 26, 2015 (Request). VerDate Sep<11>2014 14:37 Jul 02, 2015 Jkt 235001 3633, or 3642, 39 CFR part 3015, and 39 CFR part 3020, subpart B. Comments are due no later than July 7, 2015. The public portions of these filings can be accessed via the Commission’s Web site (http://www.prc.gov). The Commission appoints Curtis E. Kidd to serve as Public Representative in these dockets. III. Ordering Paragraphs It is ordered: 1. The Commission establishes Docket Nos. MC2015–58 and CP2015–88 to consider the matters raised in each docket. 2. Pursuant to 39 U.S.C. 505, Curtis E. Kidd is appointed to serve as an officer of the Commission to represent the interests of the general public in these proceedings (Public Representative). 3. Comments are due no later than July 7, 2015. 4. The Secretary shall arrange for publication of this order in the Federal Register. By the Commission. Ruth Ann Abrams, Acting Secretary. [FR Doc. 2015–16404 Filed 7–2–15; 8:45 am] BILLING CODE 7710–FW–P POSTAL REGULATORY COMMISSION [Docket No. CP2015–87; Order No. 2555] New Postal Product Postal Regulatory Commission. Notice. AGENCY: ACTION: The Commission is noticing a recent Postal Service filing concerning an additional Global Expedited Package Services 3 (GEPS 3) negotiated service agreement. This notice informs the public of the filing, invites public comment, and takes other administrative steps. DATES: Comments are due: July 7, 2015. 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. SUMMARY: FOR FURTHER INFORMATION CONTACT: 38477 I. Introduction On June 26, 2015, the Postal Service filed notice that it has entered into an additional Global Expedited Package Services 3 (GEPS 3) negotiated service agreement (Agreement).1 To support its Notice, the Postal Service filed a copy of the Agreement, a copy of the Governors’ Decision authorizing the product, 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 No. CP2015–87 for consideration of matters raised by the Notice. The Commission invites comments on whether the Postal Service’s filing is consistent with 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 July 7, 2015. The public portions of the filing can be accessed via the Commission’s Web site (http:// www.prc.gov). The Commission appoints Lyudmila Y. Bzhilyanskaya to serve as Public Representative in this docket. III. Ordering Paragraphs It is ordered: 1. The Commission establishes Docket No. CP2015–87 for consideration of the matters raised by the Postal Service’s Notice. 2. Pursuant to 39 U.S.C. 505, Lyudmila Y. Bzhilyanskaya is appointed to serve as an officer of the Commission to represent the interests of the general public in this proceeding (Public Representative). 3. Comments are due no later than July 7, 2015. 4. The Secretary shall arrange for publication of this order in the Federal Register. By the Commission. Ruth Ann Abrams, Acting Secretary. [FR Doc. 2015–16403 Filed 7–2–15; 8:45 am] BILLING CODE 7710–FW–P POSTAL SERVICE Product Change—Parcel Return Service Negotiated Service Agreement David A. Trissell, General Counsel, at 202–789–6820. SUPPLEMENTARY INFORMATION: AGENCY: Table of Contents 1 Notice of United States Postal Service of Filing a Functionally Equivalent Global Expedited Package Services 3 Negotiated Service Agreement and Application for Non-Public Treatment of Materials Filed Under Seal, June 26, 2015 (Notice). I. Introduction II. Notice of Commission Action III. Ordering Paragraphs PO 00000 Frm 00051 Fmt 4703 Sfmt 4703 ACTION: E:\FR\FM\06JYN1.SGM Postal ServiceTM. Notice. 06JYN1

Agencies

[Federal Register Volume 80, Number 128 (Monday, July 6, 2015)]
[Notices]
[Pages 38476-38477]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-16404]


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POSTAL REGULATORY COMMISSION

[Docket Nos. MC2015-58 and CP2015-88; Order No. 2556]


New Postal Product

AGENCY: Postal Regulatory Commission.

ACTION: Notice.

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[[Page 38477]]

SUMMARY: The Commission is noticing a recent Postal Service filing 
concerning the addition of Parcel Return Service Contract 9 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: July 7, 2015.

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 et seq., the 
Postal Service filed a formal request and associated supporting 
information to add Parcel Return Service Contract 9 to the competitive 
product list.\1\
---------------------------------------------------------------------------

    \1\ Request of the United States Postal Service to Add Parcel 
Return Service Contract 9 to Competitive Product List and Notice of 
Filing (Under Seal) of Unredacted Governors' Decision, Contract, and 
Supporting Data, June 26, 2015 (Request).
---------------------------------------------------------------------------

    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. Id. 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. MC2015-58 and CP2015-88 to 
consider the Request pertaining to the proposed Parcel Return Service 
Contract 9 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 July 7, 2015. The public 
portions of these filings can be accessed via the Commission's Web site 
(http://www.prc.gov).
    The Commission appoints Curtis E. Kidd to serve as Public 
Representative in these dockets.

III. Ordering Paragraphs

    It is ordered:
    1. The Commission establishes Docket Nos. MC2015-58 and CP2015-88 
to consider the matters raised in each docket.
    2. Pursuant to 39 U.S.C. 505, Curtis E. Kidd is appointed to serve 
as an officer of the Commission to represent the interests of the 
general public in these proceedings (Public Representative).
    3. Comments are due no later than July 7, 2015.
    4. The Secretary shall arrange for publication of this order in the 
Federal Register.

    By the Commission.
Ruth Ann Abrams,
Acting Secretary.
[FR Doc. 2015-16404 Filed 7-2-15; 8:45 am]
 BILLING CODE 7710-FW-P