New Postal Products, 51502-51503 [2020-18270]

Download as PDF 51502 Federal Register / Vol. 85, No. 162 / Thursday, August 20, 2020 / Notices TABLE I–1—PROPOSED PRICE CHANGES—Continued Average price increase (percent) Product name Destination Sectional Center Facility ........................................................................................................................................... Destination Network Distribution Center ...................................................................................................................................... Parcel Select Lightweight .................................................................................................................................................................... Parcel Select Ground .......................................................................................................................................................................... Parcel Return Service .......................................................................................................................................................................... Return Sectional Center Facility ................................................................................................................................................... Return Delivery Unit ..................................................................................................................................................................... First-Class Package Service ............................................................................................................................................................... Retail ............................................................................................................................................................................................. Commercial ................................................................................................................................................................................... 8.0 5.6 12.0 3.0 3.3 1.9 4.7 5.6 0.0 7.0 Source: See Governors’ Decision No. 20–3 at 2–3. II. Initial Administrative Actions POSTAL REGULATORY COMMISSION The Commission establishes Docket No. CP2020–249 to consider the Postal Service’s Notice. Interested persons may express views and offer comments on whether the planned changes are consistent with 39 U.S.C. 3632, 3633, and 3642, 39 CFR part 3035, and 39 CFR 3040 subparts B and E. Comments are due no later than August 31, 2020. For specific details of the planned price changes, interested persons are encouraged to review the Notice, which is available on the Commission’s website at www.prc.gov. Pursuant to 39 U.S.C. 505, Kenneth R. Moeller is appointed to serve as Public Representative to represent the interests of the general public in this docket. [Docket Nos. MC2020–221 and CP2020–251] jbell on DSKJLSW7X2PROD with NOTICES III. Ordering Paragraphs It is ordered: 1. The Commission establishes Docket No. CP2020–249 to provide interested persons an opportunity to express views and offer comments on whether the planned changes are consistent with 39 U.S.C. 3632, 3633, and 3642, 39 CFR part 3035, and 39 CFR 3040 subparts B and E. 2. Comments are due no later than August 31, 2020. 3. Pursuant to 39 U.S.C. 505, the Commission appoints Kenneth R. Moeller to serve as an officer of the Commission (Public Representative) to represent the interests of the general public in this docket. 4. The Secretary shall arrange for publication of this order in the Federal Register. By the Commission. Erica A. Barker, Secretary. [FR Doc. 2020–18291 Filed 8–19–20; 8:45 am] BILLING CODE 7710–FW–P VerDate Sep<11>2014 18:01 Aug 19, 2020 Jkt 250001 New Postal Products Postal Regulatory Commission. Notice. AGENCY: ACTION: The Commission is noticing a recent Postal Service filing for the Commission’s consideration concerning a negotiated service agreement. This notice informs the public of the filing, invites public comment, and takes other administrative steps. DATES: Comments are due: August 24, 2020. 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: SUMMARY: Table of Contents I. Introduction II. Docketed Proceeding(s) I. Introduction The Commission gives notice that the Postal Service filed request(s) for the Commission to consider matters related to negotiated service agreement(s). The request(s) may propose the addition or removal of a negotiated service agreement from the market dominant or the competitive product list, or the modification of an existing product currently appearing on the market dominant or the competitive product list. Section II identifies the docket number(s) associated with each Postal PO 00000 Frm 00100 Fmt 4703 Sfmt 4703 Service request, the title of each Postal Service request, the request’s acceptance date, and the authority cited by the Postal Service for each request. For each request, the Commission appoints an officer of the Commission to represent the interests of the general public in the proceeding, pursuant to 39 U.S.C. 505 (Public Representative). Section II also establishes comment deadline(s) pertaining to each request. The public portions of the Postal Service’s request(s) can be accessed via the Commission’s website (http:// www.prc.gov). Non-public portions of the Postal Service’s request(s), if any, can be accessed through compliance with the requirements of 39 CFR 3011.301.1 The Commission invites comments on whether the Postal Service’s request(s) in the captioned docket(s) are consistent with the policies of title 39. For request(s) that the Postal Service states concern market dominant product(s), applicable statutory and regulatory requirements include 39 U.S.C. 3622, 39 U.S.C. 3642, 39 CFR part 3030, and 39 CFR part 3040, subpart B. For request(s) that the Postal Service states concern competitive product(s), applicable statutory and regulatory requirements include 39 U.S.C. 3632, 39 U.S.C. 3633, 39 U.S.C. 3642, 39 CFR part 3035, and 39 CFR part 3040, subpart B. Comment deadline(s) for each request appear in section II. II. Docketed Proceeding(s) 1. Docket No(s).: MC2020–221 and CP2020–251; Filing Title: USPS Request to Add Priority Mail & First-Class Package Service Contract 158 to Competitive Product List and Notice of Filing Materials Under Seal; Filing Acceptance Date: August 14, 2020; 1 See Docket No. RM2018–3, Order Adopting Final Rules Relating to Non-Public Information, June 27, 2018, Attachment A at 19–22 (Order No. 4679). E:\FR\FM\20AUN1.SGM 20AUN1 Federal Register / Vol. 85, No. 162 / Thursday, August 20, 2020 / Notices Filing Authority: 39 U.S.C. 3642, 39 CFR 3040.130 through 3040.135, and 39 CFR 3035.105; Public Representative: Christopher C. Mohr; Comments Due: August 24, 2020. This Notice will be published in the Federal Register. Erica A. Barker, Secretary. [FR Doc. 2020–18270 Filed 8–19–20; 8:45 am] BILLING CODE 7710–FW–P POSTAL SERVICE Board of Governors; Sunshine Act Meeting TIME AND DATE: August 15, 2020, at 3:00 p.m. Washington, DC STATUS: Closed. ITEMS CONSIDERED: 1. Administrative Issues. 2. Strategic Issues. On August 15, 2020, a majority of the members of the Board of Governors of the United States Postal Service voted unanimously to hold and to close to public observation a special meeting in Washington, DC, via teleconference. The Board determined that no earlier public notice was practicable. GENERAL COUNSEL CERTIFICATION: The General Counsel of the United States Postal Service has certified that the meeting may be closed under the Government in the Sunshine Act. CONTACT PERSON FOR MORE INFORMATION: Michael J. Elston, Secretary of the Board, U.S. Postal Service, 475 L’Enfant Plaza SW, Washington, DC 20260–1000. Telephone: (202) 268–4800. PLACE: Michael J. Elston, Secretary. SECURITIES AND EXCHANGE COMMISSION [Release No. 34–89560; File No. SR–FICC– 2020–009] jbell on DSKJLSW7X2PROD with NOTICES U.S.C. 78s(b)(1). CFR 240.19b–4. 3 Amendment No. 1 made clarifications and corrections to the description of the proposed rule change and Exhibits 3 and 5 of the filing, and these clarifications and corrections have been incorporated, as appropriate, into the description of the proposed rule change in Item II below. 4 On July 30, 2020, FICC filed the proposed rule change as an advance notice (SR–FICC–2020–802) with the Commission pursuant to Section 806(e)(1) of Title VIII of the Dodd-Frank Wall Street Reform and Consumer Protection Act entitled the Payment, Clearing, and Settlement Supervision Act of 2010, 12 U.S.C. 5465(e)(1), and Rule 19b–4(n)(1)(i) under the Act, 17 CFR 240.19b–4(n)(1)(i). On August 13, 2020, FICC filed Amendment No. 1 to the advance notice to make similar clarifications and corrections to the advance notice. A copy of the advance notice, as modified by Amendment No. 1 (hereinafter, the ‘‘Advance Notice’’) is available at http:// www.dtcc.com/legal/sec-rule-filings.aspx. 5 Capitalized terms not defined herein are defined in the GSD Rules, available at http:// www.dtcc.com/∼/media/Files/Downloads/legal/ rules/ficc_gov_rules.pdf, and the MBSD Rules, available at www.dtcc.com/∼/media/Files/ Downloads/legal/rules/ficc_mbsd_rules.pdf. 2 17 BILLING CODE 7710–12–P Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing of Proposed Rule Change, as Modified by Amendment No. 1, To Introduce the Margin Liquidity Adjustment Charge and Include a BidAsk Risk Charge in the VaR Charges August 14, 2020. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 18:01 Aug 19, 2020 I. Clearing Agency’s Statement of the Terms of Substance of the Proposed Rule Change The Proposed Rule Change consists of modifications to the FICC Government Securities Division (‘‘GSD’’) Rulebook (‘‘GSD Rules’’) and the FICC MortgageBacked Securities Division (‘‘MBSD’’) Clearing Rules (‘‘MBSD Rules,’’ and together with the GSD Rules, ‘‘Rules’’) to introduce the Margin Liquidity Adjustment (‘‘MLA’’) charge as an additional component of GSD and MBSD’s respective Clearing Funds, as described in greater detail below.5 This Proposed Rule Change also consists of modifications to the GSD Rules, the MBSD Rules, the GSD Methodology Document—GSD Initial Market Risk Margin Model (‘‘GSD QRM Methodology Document’’) and the MBSD Methodology and Model Operations Document—MBSD Quantitative Risk Model (‘‘MBSD QRM 1 15 [FR Doc. 2020–18366 Filed 8–18–20; 11:15 am] VerDate Sep<11>2014 (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 notice is hereby given that on July 30, 2020, Fixed Income Clearing Corporation (‘‘FICC’’) filed with the Securities and Exchange Commission (‘‘Commission’’) proposed rule change SR–FICC–2020–009. On August 13, 2020, FICC filed Amendment No. 1 to the proposed rule change, to make clarifications and corrections to the proposed rule change.3 The proposed rule change, as modified by Amendment No. 1 (hereinafter, the ‘‘Proposed Rule Change’’), is described in Items I, II and III below, which Items have been prepared primarily by the clearing agency.4 The Commission is publishing this notice to solicit comments on the Proposed Rule Change from interested persons. Jkt 250001 PO 00000 Frm 00101 Fmt 4703 Sfmt 4703 51503 Methodology Document,’’ and together with the GSD QRM Methodology Document, the ‘‘QRM Methodology Documents’’) in order to (i) enhance the calculation of the VaR Charges of GSD and MBSD to include a bid-ask spread risk charge, and (ii) make necessary technical changes to the QRM Methodology Documents in order to implement this proposed change. II. Clearing Agency’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the clearing agency included statements concerning the purpose of and basis for the Proposed Rule Change and discussed any comments it received on the Proposed Rule Change. The text of these statements may be examined at the places specified in Item IV below. The clearing agency has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. (A) Clearing Agency’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose FICC is proposing to enhance the methodology for calculating Required Fund Deposits to the respective Clearing Funds of GSD and MBSD by (1) introducing a new component, the MLA charge, which would be calculated to address the risk presented to FICC when a Member’s portfolio contains large net unsettled positions in a particular group of securities with a similar risk profile or in a particular transaction type (referred to as ‘‘asset groups’’),6 and (2) enhancing the calculation of the VaR Charges of GSD and MBSD by including a bid-ask spread risk charge, as described in more detail below.7 FICC is also proposing to make certain technical changes to the QRM Methodology Documents, as described in below, in order to implement the proposed enhancement to the VaR Charges. (i) Overview of the Required Fund Deposits and the Clearing Funds As part of its market risk management strategy, FICC manages its credit 6 References herein to ‘‘Members’’ refer to GSD Netting Members and MBSD Clearing Members, as such terms are defined in the Rules. References herein to ‘‘net unsettled positions’’ refer to, with respect to GSD, Net Unsettled Positions, as such term is defined in GSD Rule 1 (Definitions) and, with respect to MBSD, refers to the net positions that have not yet settled. Supra note 4. 7 The results of a study of the potential impact of adopting the proposed changes have been provided to the Commission. E:\FR\FM\20AUN1.SGM 20AUN1

Agencies

[Federal Register Volume 85, Number 162 (Thursday, August 20, 2020)]
[Notices]
[Pages 51502-51503]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-18270]


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POSTAL REGULATORY COMMISSION

[Docket Nos. MC2020-221 and CP2020-251]


New Postal Products

AGENCY: Postal Regulatory Commission.

ACTION: Notice.

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SUMMARY: The Commission is noticing a recent Postal Service filing for 
the Commission's consideration concerning a negotiated service 
agreement. This notice informs the public of the filing, invites public 
comment, and takes other administrative steps.

DATES: Comments are due: August 24, 2020.

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. Docketed Proceeding(s)

I. Introduction

    The Commission gives notice that the Postal Service filed 
request(s) for the Commission to consider matters related to negotiated 
service agreement(s). The request(s) may propose the addition or 
removal of a negotiated service agreement from the market dominant or 
the competitive product list, or the modification of an existing 
product currently appearing on the market dominant or the competitive 
product list.
    Section II identifies the docket number(s) associated with each 
Postal Service request, the title of each Postal Service request, the 
request's acceptance date, and the authority cited by the Postal 
Service for each request. For each request, the Commission appoints an 
officer of the Commission to represent the interests of the general 
public in the proceeding, pursuant to 39 U.S.C. 505 (Public 
Representative). Section II also establishes comment deadline(s) 
pertaining to each request.
    The public portions of the Postal Service's request(s) can be 
accessed via the Commission's website (http://www.prc.gov). Non-public 
portions of the Postal Service's request(s), if any, can be accessed 
through compliance with the requirements of 39 CFR 3011.301.\1\
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    \1\ See Docket No. RM2018-3, Order Adopting Final Rules Relating 
to Non-Public Information, June 27, 2018, Attachment A at 19-22 
(Order No. 4679).
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    The Commission invites comments on whether the Postal Service's 
request(s) in the captioned docket(s) are consistent with the policies 
of title 39. For request(s) that the Postal Service states concern 
market dominant product(s), applicable statutory and regulatory 
requirements include 39 U.S.C. 3622, 39 U.S.C. 3642, 39 CFR part 3030, 
and 39 CFR part 3040, subpart B. For request(s) that the Postal Service 
states concern competitive product(s), applicable statutory and 
regulatory requirements include 39 U.S.C. 3632, 39 U.S.C. 3633, 39 
U.S.C. 3642, 39 CFR part 3035, and 39 CFR part 3040, subpart B. Comment 
deadline(s) for each request appear in section II.

II. Docketed Proceeding(s)

    1. Docket No(s).: MC2020-221 and CP2020-251; Filing Title: USPS 
Request to Add Priority Mail & First-Class Package Service Contract 158 
to Competitive Product List and Notice of Filing Materials Under Seal; 
Filing Acceptance Date: August 14, 2020;

[[Page 51503]]

Filing Authority: 39 U.S.C. 3642, 39 CFR 3040.130 through 3040.135, and 
39 CFR 3035.105; Public Representative: Christopher C. Mohr; Comments 
Due: August 24, 2020.
    This Notice will be published in the Federal Register.

Erica A. Barker,
Secretary.
[FR Doc. 2020-18270 Filed 8-19-20; 8:45 am]
BILLING CODE 7710-FW-P